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Annual Statements

Home Annual Statements Financial Statements 2013 Notes to the consolidated financial statements Notes to the consolidated balance sheet Associates

19. Associates

(in thousands of euros)

2013

2012

Carrying amount as at 1 January

764,869

725,048

Movements in the year

Share of results

50,553

43,847

Dividends

- 18,145

- 14,312

Share capital contributions to associates

190

11,235

Exchange differences

- 14,110

- 949

Total movements in the year

18,488

39,821

Carrying amount as at 31 December

783,357

764,869

The increase in exchange differences is related to development of the euro in comparison with the Australian Dollar in 2013. The 11.2 million euros share capital contributions to associates in 2012 related to Schiphol Area Development Company N.V.

The carrying amount of the associates at 31 December 2013 included 244 million euros of goodwill relating to Aéroports de Paris and 34 million euros relating to Brisbane Airports Corporation Ltd. The annual impairment test on goodwill did not indicate a need to recognise an impairment loss for either investment.

See the ‘Related Party Disclosures’ section for further information on the associates. See note 10 for further information on the share in the results of associates.