Profit shares from partnerships are realized immediately at the end of the financial year, unless the partnership arrangement links the existence of a withdrawal claim to a separate partner resolution. By contrast, dividends from corporations are recognized through profit or loss only once a profit appropriation resolution exists.
As a result of the Russian war of aggression, the equity investment in BLG ViDi LOGISTICS TOW, Kyiv, Ukraine, was written down in full (EUR 1,984 thousand). The impairment was allocable in full to the AUTOMOBILE Division.
EUR thousand |
|
2023 |
|
2022 |
|---|---|---|---|---|
Net income (net loss) of companies accounted for using the equity method |
|
|
|
|
Joint ventures |
|
20,024 |
|
76,515 |
Associates |
|
1,350 |
|
1,190 |
Total |
|
21,374 |
|
77,705 |
Income from joint ventures included the CONTAINER Division’s earnings of EUR 18,202 thousand (previous year: EUR 76,705 thousand).