22. Financial investments1 and investments accounted for using the equity method

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€ million

Loans

Investments2

Securities

Total

Acquisition and production costs

 

 

 

 

1

Revised terminology (see chapter “Notes to the Group accounting principles and methods”)

2

Including investments accounted for using the equity method

As of 1/1/2011

130

13

116

259

Currency translation

0

0

0

0

Additions to consolidation group

0

0

0

0

Additions

5

1

0

6

Disposals

–23

0

–38

–61

Transfers

–35

0

–77

–112

As of 31/1/ 2011 / 1/1/2012

77

14

1

92

Currency translation

1

–3

0

–2

Additions to consolidation group

0

0

0

0

Additions

17

283

0

300

Disposals

–10

–2

0

–12

Transfers

–24

–1

0

–25

As of 31/12/2012

60

292

2

353

Depreciation/amortisation

 

 

 

 

As of 1/1/2011

11

0

0

11

Currency translation

0

0

0

0

Additions, scheduled

0

0

0

0

Impairment losses

0

1

0

1

Disposals

0

0

0

0

Reversals of impairment losses

0

0

0

0

Transfers

1

0

0

1

As of 31/1/ 2011 / 1/1/2012

12

1

0

13

Currency translation

0

0

0

0

Additions, scheduled

0

0

0

0

Impairment losses

1

1

0

1

Disposals

0

0

0

0

Reversals of impairment losses

0

–1

0

–1

Transfers

0

0

0

0

As of 31/12/2012

13

1

0

14

Carrying amount at 1/1/2011

119

13

116

248

Carrying amount at 31/12/2011

65

13

1

79

Carrying amount at 31/12/2012

46

291

2

339

The carrying amounts of investments include €92 million (previous year: €3 million) in investments in 5 associated companies (previous year: 4 associated companies), which are accounted for using the equity method. Key investments accounted for using the equity method are the companies OPCI FRENCH WHOLESALE PROPERTIES – FWP (share of 30.74 percent, carrying amount of €47 million) and Habib METRO Pakistan (Pvt) Ltd (share of 40.00 percent, carrying amount of €43 million). Additions to investments (incl. investments accounted for using the equity method) totalling €283 million include the share capital of Booker Group PLC amounting to €190 million, which was acquired as part of the divestment of METRO GROUP’s cash & carry business in the United Kingdom, as well as the acquisition of the associated companies OPCI FRENCH WHOLESALE PROPERTIES – FWP in the amount of €47 million and Habib METRO Pakistan (Pvt) Ltd in the amount of €43 million.