Notes on the consolidated balance sheet – assets

(5) Investments in associated companies

 

2010

2009

Figures in EUR million

   

Balance at 31.12. of the previous year

134

135

Change in consolidated group

14

Additions

4

Disposals

2

Adjustment recognized in income

–6

Adjustment recognized outside income

–2

Currency exchange rate differences

1

Balance at 31.12. of the year under review

144

134

The change in the consolidated group (EUR 14 million) was largely attributable to the acquisition of a stake in the listed funds provider C-QUADRAT Investment AG, Vienna. The company is recognized in the Corporate Operations segment.

The goodwill of all associated companies valued at equity amounted to EUR 24 (20) million as at year-end. Of the associated companies, Apulia Prontoprestito S.p.A., Rome, and C-QUADRAT Investment AG, Vienna, are publically listed. The market price of our interests was EUR 32 (11) million as at the balance sheet date.

For all associated companies combined we recognized assets of EUR 2.3 billion, debts of EUR 1.8 billion, profits for the year of EUR 26 million and revenues of EUR 360 million.

For further information on our associated companies please see the section “Consolidation” as well as the subsection “List of shareholdings”.