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E | CONSOLIDATED FINANCIAL STATEMENTS | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 225
13. Equity-method investments
Table E .31 shows the carrying amounts and profits/losses
from equity-method investments.
Table E.32 presents key figures on interests in associated
companies accounted for using the equity method in the
Group’s consolidated financial statements.
Summarized carrying amounts and profits/losses from equity-method investments
Associated
companies
Joint
ventures
Joint
operations
Subsidiaries
Total
In millions of euros
At December 31, 2015
Equity investment13,124 462 47 – 3,633
Equity result1490 -34 8 – 464
At December 31, 2014
Equity investment11,795 448 44 7 2,294
Equity result1864 26 5 2 897
1 Including investor-level adjustments.
E.31
Key figures on interests in associated companies accounted for using the equity method
BBAC BAIC Motor3THBV4 (HERE) Kamaz RRPSH Others Total
In millions of euros
At December 31, 2015
Equity interest (in %) 49.0 10.1 33.3 15.0 –
Stock market price1– 705 – 47 –
Equity investment21,418 772 668 58 – 208 3,124
Equity result2441 74 – -6 – -19 490
Dividend payment to Daimler5208 34 – - –
At December 31, 2014
Equity interest (in %) 49.0 10.1 – 15.0 –
Stock market price1– 730 – 38 –
Equity investment2852 686 – 71 – 186 1,795
Equity result2133 34 – –32 13 716 864
Dividend payment to Daimler – 10 – 1 92
1 Proportionate stock market prices.
2 Including investor-level adjustments.
3 The proportionate share of unaudited earnings of BAIC Motor Corporation Ltd. (BAIC Motor) is included in Daimler’s consolidated financial statements
with a three-month time lag. As the investment was acquired in November 2013, Daimler’s proportionate share of earnings for 2014 relates to the months
of December 2013 through September 2014. For 2015, earnings relate to the months of October 2014 through September 2015.
4 The proportionate share of earnings of There Holding B.V. (THBV) is included in Daimler’s consolidated financial statements with a one-month time lag.
5 The dividend from BBAC (€208 million) was not paid out in the year 2015.
E.32