216 / 488
Chapter 21
/
Inv estments
ill
Associates (l AS 28)
207
2005
200
8
12
(17)
10
am
193
2006
193
(2)
19
( I )
28
ill}
224
10.
EXTRACTS FROM PUBLISHED FINANCIAL STATEMENTS
10.1 NOKIA, Annual Report 2006
Notes to the Financial Statements
15. Investments in associated companies
EURm
Net carrying amount January I
Translation differences
Additions
Disposals
Share of results
Other movements
Net carrying amount December
31
In 2005, the Group disposed of part of its 36 .2% minori ty holding in Aircom Ltd resulting in a
hold ing of 10%. Th e gai n on the sale recorded in othe r operating inco me was EUR 18 million . Th e
Group's rem aining 10% holding in Aircom sha res is recorded as a noncurrent available-for-sale in–
ves tme nt.
Share holdings in associated compa nies are comprised of investements in unlis ted compa nies in all
periods pre sen ted.
10.2 CLARIANT, Annual Report 2006
Notes to the Financial Statements
6. Investments in associates
CHF
mil
2006
Beginning of the year
282
Acquisitions
1
Change in scope of consolidation
(6)
Share of profit/(loss)
35
Dividends received
(22)
Exchange rate differences
-.f2l
End of the year
288
Th e key fina ncial da ta of the Grou p' s princip al asso ciates are as follows:
Country of
CHF
11111
incornoration Assets Liabilities
Revenue
Protit/iloss )
2005
Infraserv GmbH
&
Co. Hochst KG Germany
1,039
525
1,260
35
Infraserv GmbH
&
Co. Gendorf KG Germany
195
99
306
8
Infraserv GmbH
&
Co. Knapsack KG Germany
169
64
240
8
Others
ill
--M
m
-..!!
Total
1,5 16
749
2,045
59
2006
Infraserv GmbH
&
Co. Hochst KG Germany
1,229
705
1,324
56
Infraserv GmbH
&
Co. Gendorf KG Germany
197
97
355
11
Infraserv GmbH
&
Co. Knapsack KG Germany
173
73
239
(I)
Others
102
..M
179
Total
1,70 1
9 19
2,097
66
Th ere were no unrecogn ized losses in the years 2006 and 2005 . No acc umulated unrecogn ized
losses ex isted as at the balance sheet date.
10.3 NESTLE GROUP, Annual Report 2006
Notes to the Financial Statements
6. Associates
Share of results of associates is analysed as follows:
In millions of CHF
Share of results before taxes
Less share of taxes
Share of results
2006
1,198
(235)
963
2005
1,071
(175)
896