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Note 11 Investments in
associates and joint ventures


At year-end 2010, the carrying value of investments in associates amounted to €74 million (2009: €79 million) and in joint ventures €98 million (2009: €96 million).

In 2010, the results from associates and joint ventures amounted to a profit of €25 million (2009: €21 million).

The most significant associates and joint ventures of AkzoNobel are: Metlac Holdings Brl (49 percent), Metlac Spa (44 percent), Delesto B.V. (50 percent), Eka Chile SA (50 percent), Fort Amanda Specialties LLC (50 percent) and I.C. Insurance Holdings Ltd (49 percent).

Summary of financial information on a 100 percent basis

 

 

 

 

 

 

 

 

 

 

In € millions

Associates

Joint ventures

 

 

 

 

 

 

2009

2010

2009

2010

Information on the statement of income:

 

 

 

 

Revenue

95

121

600

594

Income before tax

17

17

43

47

Net income

6

11

32

34

Condensed balance sheet:

 

 

 

 

Current assets

185

113

60

182

Non-current assets

25

124

205

218

Total assets

210

237

265

400

 

 

 

 

 

Current liabilities

71

44

115

Non-current liabilities

29

29

74

88

Shareholders’ equity

110

164

191

197

Total liabilities and equity

210

237

265

400

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