13. Share of income/(losses) of equity investments accounted for using the equity method - €(122) million

 

Millions of euro

   
 

2019

2018

Change

Share of income of associates

120

521

(401)

-77.0%

Share of losses of associates

(242)

(172)

(70)

-40.7%

Total

(122)

349

(471)

-


The share of income and losses of equity investments accounted for using the equity method deteriorated by €471 million compared with the previous year. In addition to reflecting the Group’s shares in companies measured using the equity method, the change was due mainly to the 2018 adjustment to the fair value of the 50% stake held in Slovak Power Holding (€362 million), which had been written down multiple times in previous years. This reduction also shows the effects of reacquiring controlling interests in 13 companies from EGPNA REP, which resulted in a change in the scope of consolidation and the recognition of a capital loss by EGPNA REP.