2019 Annual financial report

Chapter 6. Consolidated financial statements 2019 year

Note 13  Investments in associates

Investments accounted for using the equity method amounted to euro 32 million on December 31, 2019 (versus euro 62 million on December 31, 2018).

(in millions of euros) Value in balance sheet

(in millions of euros)

Amount at January 1, 2018

Value in balance sheet

64

(in millions of euros)

Changes to consolidation scope

Value in balance sheet

1

(in millions of euros)

Share of profit of associates

Value in balance sheet

(4)

(in millions of euros)

Dividends paid

Value in balance sheet

(2)

(in millions of euros)

Effect of translation and other

Value in balance sheet

3

(in millions of euros)

Amount at December 31, 2018

Value in balance sheet

62

(in millions of euros)

Changes to consolidation scope

Value in balance sheet

-

(in millions of euros)

Share of profit of associates

Value in balance sheet

(5)

(in millions of euros)

Dividends paid

Value in balance sheet

(2)

(in millions of euros)

Impairment loss

Value in balance sheet

(25)

(in millions of euros)

Effect of translation and other

Value in balance sheet

2

(in millions of euros)

Amount at December 31, 2019

Value in balance sheet

32

The impairment loss recognized in 2019 relates to long-term equity investments in Matomy Media Group for euro 12 million and Jana Mobile for euro 13 million. The main assets of these two entities are currently being sold or liquidated. 

At December 31, 2019, the value of investments in associates amounted to euro 32 million and included mainly On Point (euro 9 million), Burrell Communications (euro 7 million), Viva Tech (euro 4 million), Somupi (euro 4 million) and Insight Redefini (euro 3 million).

Note 14 Other financial assets

(in millions of euros) December 31, 2019 December 31, 2018

(in millions of euros)

Other financial assets at fair value through profit and loss:

December 31, 2019

 

December 31, 2018

 

(in millions of euros)

•   Venture Capital Funds(1)

December 31, 2019

87

December 31, 2018

88

(in millions of euros)

•   Other

December 31, 2019

20

December 31, 2018

20

(in millions of euros)

Security deposits

December 31, 2019

33

December 31, 2018

32

(in millions of euros)

Loans to associates and non-consolidated companies

December 31, 2019

21

December 31, 2018

28

(in millions of euros)

Sub-lease receivables

December 31, 2019

22

December 31, 2018

19

(in millions of euros)

Others

December 31, 2019

50

December 31, 2018

43

(in millions of euros)

Gross value

December 31, 2019

233

December 31, 2018

230

(in millions of euros)

Impairment

December 31, 2019

(15)

December 31, 2018

(15)

(in millions of euros)

Net amount

December 31, 2019

218

December 31, 2018

215

(1)These Venture Capital Funds are dedicated to investments in companies that belong to the digital economy.