2. Subsidiaries
(amounts in millions of €, unless otherwise indicated)
The net value of assets and liabilities of subsidiaries includes allocated goodwill of Vedior N.V. for an amount of € 2, 073.5 million and is presented in the balance sheet as follows:
| |
|
|
|
| Net asset value of subsidiaries |
4,883.3 |
|
1,030.8 |
In 2008 and 2007, no provisions are included in the net value of subsidiaries. Provisions on subsidiaries would have represented the sum of equities of subsidiaries that show a negative equity, determined in accordance with the accounting policies of the Group, taking impairment of loans into account.
Changes in the net value of assets and liabilities of subsidiaries are:
| |
|
|
|
| Value at January 1 |
1,030.8 |
|
891.5 |
| Additions |
4,151.9 |
|
- |
| Capital contributions |
1,796.3 |
|
7.4 |
| Net income |
73.0 |
|
401.2 |
| Dividend |
-809.7 |
|
-238.5 |
| Disposals |
-1,314.6 |
|
- |
| Share-based payments, subsidiaries |
8.2 |
|
-1.2 |
| Translation differences |
-47.6 |
|
-29.6 |
| |
|
|
|
| Value at December 31 |
4,888.3 |
|
1,030.8 |
The amounts in capital contributions and disposals are mainly due to restructurings in the Group after the acquisition of Vedior N.V.
See
note 42 of the notes to the consolidated financial statements for an overview of major subsidiaries.