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Note c Financial non-current assets
and provision for subsidiaries


Movements in financial non-current assets

 

 

 

 

 

 

 

 

Subsidiaries

 

 

In € millions

Total

Share in capital

Loans1

Other financial non-current assets

Loans to associates and joint ventures

1

Loans to these companies have no fixed repayment schedule.

2

Including €7 million revaluation reserve for step acquisitions.

3

At year-end 2009, the provisions for subsidiaries amounted to €481 million.

 

 

 

 

 

 

Balance at January 1, 2008

7,200

2,777

4,314

89

20

Acquisitions/capital contributions

12,470

12,470

Divestments/capital repayments

(4,715)

(4,715)

Net income from subsidiaries, associates and joint ventures

(992)

(992)

Equity-settled transactions

23

23

Change in fair value of derivatives

(66)

(66)

Loans granted

2,015

2,015

Repayment of loans

(833)

(832)

(1)

Changes in exchange rates

(1,261)

(1,246)

(16)

1

Other changes

(190)

(190)

Transfer to provision for subsidiaries

444

444

Balance at December 31, 2008

14,095

8,505

5,481

90

19

 

 

 

 

 

 

Acquisitions/capital contributions

3,167

3,127

40

Divestments/capital repayments

(3,769)

(3,769)

Net income from subsidiaries, associates and joint ventures

355

355

Equity-settled transactions

15

15

Change in fair value of derivatives

43

43

Loans granted

3,377

3,377

Repayment of loans

(2,210)

(2,202)

(8)

Changes in exchange rates

366

271

104

(9)

Other changes2

(47)

(47)

Change to provisions for subsidiaries3

37

37

 

 

 

 

 

 

Balance at December 31, 2009

15,429

8,537

6,760

121

11

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