The Group applies the equity method to account for joint ventures and associates. Their impact on the Group’s earnings, net assets and financial position is not significant. If shareholders have made loans to joint ventures or associates, repayment of these loans takes precedence over the distribution of dividends.
The following table shows the reporting-period change in the total carrying amount of investments accounted for using the equity method:
Joint Ventures Accounted for Using the Equity Method
|
|
|
|
|
€ million |
|
2016 |
|
2015 |
|
|
|
|
|
|
|
|
|
|
Carrying amount of the investments in accordance with the equity methodAt the beginning of the year |
|
18.0 |
|
16.6 |
Share of profit / loss for the period |
|
3.2 |
|
4.2 |
Share of change in other equity |
|
0.7 |
|
1.4 |
Overall result of the companies |
|
3.9 |
|
5.6 |
Dividends |
|
-4.1 |
|
-4.2 |
Change in the scope of consolidation |
|
-6.6 |
|
– |
At the end of the year |
|
11.2 |
|
18.0 |
|
|
|
|
|
Associated Companies Accounted for Using the Equity Method
|
|
|
|
|
€ million |
|
2016 |
|
2015 |
|
|
|
|
|
|
|
|
|
|
Carrying amount of the investments in accordance with the equity methodAt the beginning of the year |
|
3.2 |
|
3.9 |
Share of loss for the period |
|
-3.0 |
|
-0.9 |
Share of change in other equity |
|
-0.2 |
|
0.2 |
Overall result of the companies |
|
-3.2 |
|
-0.7 |
At the end of the year |
|
– |
|
3.2 |
|
|
|
|
|
The following shows the key figures for companies accounted for using the equity method.
Deviations between the share of net income and the result from investments in joint ventures and associates, and between the share of equity and the carrying amount of investments in joint ventures and associates accounted for using the equity method, are primarily the result of fair-value adjustments and consolidation measures.
|
|
|
|
|
€ million |
|
2016 |
|
2015 |
|
|
Total |
|
Attributable to WACKER |
|
Total |
|
Attributable to WACKER |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Key Figures for Joint Ventures |
|
|
|
|
|
|
|
|
Profit or loss from continuing operations |
|
6.4 |
|
3.2 |
|
8.4 |
|
4.2 |
Other comprehensive income |
|
1.4 |
|
0.7 |
|
2.8 |
|
1.4 |
Overall result |
|
7.8 |
|
3.9 |
|
11.2 |
|
5.6 |
|
|
|
|
|
|
|
|
|
Key Figures for Associated Companies |
|
|
|
|
|
|
|
|
Profit or loss from continuing operations |
|
-15.1 |
|
-3.8 |
|
-3.7 |
|
-0.9 |
Other comprehensive income |
|
-0.8 |
|
-0.2 |
|
1.1 |
|
0.2 |
Overall result |
|
-15.9 |
|
-4.0 |
|
-2.6 |
|
-0.7 |
|
|
|
|
|
|
|
|
|