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FINANCIAL STATEMENTS, MANAGEMENT AND CORPORATE GOVERNANCE REPORT.
2011
7. INVESTMENT IN GROUP COMPANIES ANDASSOCIATES
The breakdown and movements in non-current investments in Group companies and associates in 2011 and 2010 are
as follows:
2011
1/1/11 Merger (Note 20) Additions
Disposal
from
mergers
Disposals
Transfers
31/12/11
Cost
Equity instruments
1,380,287
6,241
602
(592,723)
(18,806)
142,500 918,101
Impairment losses
(215,865)
(6,108)
1,680
-
-
(107,968)
(328,261)
Total equity
instruments
1,164,422
133
2,282 (592,723)
(18,806)
34,532
589,840
Receivables from
group companies
(Note 8)
246,663
-
7,600
-
-
(213,491)
40,772
Impairment losses
(130,866)
(1,985)
(8,744)
-
-
107,968 (33,627)
Total group
companies
115,797
(1,985)
(1,144)
-
-
(105,523)
7,145
1,280,219
(1,852)
1,138 (592,723)
(18,806)
(70,991)
596,985
2010
1/1/10
Additions
Disposals
Transfers
31/12/10
Cost
Equity instruments
296,883
1,083,404
-
-
1,380,287
Impairment losses
(213,654)
(2,211)
-
-
(215,865)
Total equity instruments
83,229
1,081,193
-
-
1,164,422
Receivables from group companies
(Note 8)
209,838
38,235
(1,410)
-
246,663
Impairment losses
(32,714)
(98,152)
-
-
(130,866)
Total group companies
177,724
(59,917)
(1,410)
-
115,797
260,353
1,021,276
(1,410)
-
1,280,219