This item is mainly comprised of associates and joint ventures, measured using the equity method. The increase for the year is therefore explained by the exchange effect and the Group’s share of net profit.
Any surplus of an investment’s carrying amount over pro rata equity represents future profitability inherent in the investment.
For the sake of thoroughness, we report that using the equity method, a positive € 124k was recognized in the income statement under “Adjustments to the value of financial assets” and a negative € 603k for exchange losses was recorded in the statement of comprehensive income.
Investments at 31 December 2015 and 31 December 2014 are detailed below:
|Name||Revenues||Profit/(loss)for the year||Total assets||Total liabilities||Carrying amount(k€)|
|Registered office||Countries||% held||Currency||Currency/000|
|Dewina Host Sdn. Bhd.||Kuala Lumpur||Malaysia||49%||MYR||23,073||(1,435)||13,149||2,374||1,129|
|HKSC Developments L.P.||Winnipeg||Canada||49%||CAD||22,692||(1,245)||21,987||11,953||3,260|
|HSCK Opco L.P.||Winnipeg||Canada||49%||CAD||67||56||191||134||19|
|Autogrill Middle East. LLC||Abu Dhabi||United Arab Emirates||50%||AED||22,215||4,504||14,438||4,384||1,183|
|Arab Host for Servicesand Investment. LLC||Abu Dhabi||United Arab Emirates||49%||AED||-||(599)||3,125||3,725||-|
|HMSHost (Shanghai) Catering Management Co., Ltd.||Shanghai||China||51%||CNY||598||(308)||191||6,007||87|
|Total at 31 December 2015||6,836|
|Revenues||Profit/(loss)for the year||Total assets||Total liabilities||Carrying amount(k€)|
|Name||Registered office||Countries||% held||Currency||Currency/000|
|Dewina Host Sdn. Bhd.||Kuala Lumpur||Malaysia||49%||MYR||23,031||892||15,907||3,766||1,393|
|HKSC Developments L.P.||Winnipeg||Canada||49%||CAD||28,154||7,477||59,120||53,291||1,997|
|HSCK Opco L.P.||Winnipeg||Canada||49%||CAD||67||57||232||136||33|
|Autogrill Middle East. LLC||Abu Dhabi||United Arab Emirates||49%||AED||8,271||1,396||6,736||1,740||560|
|Total at 31 December 2014||5,775|