Note 5 Investments in associates and joint ventures
Associates | Joint ventures | Total | ||||
€ million | 2020 | 2019 | 2020 | 2019 | 2020 | 2019 |
Carrying amount as at 1 January | 1 | 2 | 5 | 2 | 6 | 4 |
Movements | ||||||
Investments | - | - | - | 3 | - | 3 |
Share in results | - | - | 1 | 2 | 1 | 2 |
Dividend and other movements | - | -1 | -1 | -2 | -1 | -3 |
Total | - | -1 | - | 3 | - | 2 |
Carrying amount as at 31 December | 1 | 1 | 5 | 5 | 6 | 6 |
In 2020, the share in the result of the joint ventures amounted to €1 million, and €1 million in dividend income was also received.
In the comparative figures for 2019, Alliander made a €3 million capital contribution to the Duurzame Energie Netwerken Noord-Holland [Sustainable Energy Networks North Holland province] joint venture.
In the case of a number of associates, Alliander’s interest is less than 20%. For details, see the list of principal subsidiaries, associates and joint arrangements in the ‘Other information’ part of the report. In view of the degree of control in relation to the associates concerned, however, it has been determined that there is significant influence and the investments have been included in the investments in associates.
Share in results of associates and joint ventures
Associates | Joint ventures | Total result | ||||
€ million | 2020 | 2019 | 2020 | 2019 | 2020 | 2019 |
Share in | ||||||
Profit or loss from continuing activities | - | - | 1 | 2 | 1 | 2 |
Profit or loss from discontinued activities | - | - | - | - | - | - |
Other comprehensive income | - | - | - | - | - | - |
Total comprehensive income | - | - | 1 | 2 | 1 | 2 |
Alliander has concluded arrangements with associates and joint ventures for granting finance and credit facilities totalling €35 million as at year-end 2020 (2019: €29 million). Under these facilities, an amount of €23 million was drawn down as at 31 December 2020 (2019: €20 million). Additionally, as at year-end 2020, there was a receivable under this heading amounting to €1 million in relation to overdraft facilities (2019: a liability of €3 million).