Note 39 Investments in subsidiaries and associates
€ million | Investments in subsidiaries | Investments in associates | Total |
Carrying amount as at 1 January 2020 | 2.530 | 1 | 2.531 |
Movements 2020 | |||
Dividends received | -257 | - | -257 |
Result for the year | 200 | - | 200 |
Issue of share capital | 38 | - | 38 |
Transfers | -59 | - | -59 |
Other changes | 4 | - | 4 |
Total | -74 | - | -74 |
Carrying amount as at 31 December 2020 | 2.456 | 1 | 2.457 |
Movements 2021 | |||
Dividends received | -150 | - | -150 |
Result for the year | 227 | - | 227 |
Issue of share capital | 137 | - | 137 |
Other changes | - | - | - |
Total | 214 | - | 214 |
Carrying amount as at 31 December 2021 | 2.670 | 1 | 2.671 |
- 1 The figures for 2020 have been adjusted for comparison purposes.
In 2021, Alliander received €150 million (2020: €257 million) in dividend from its subsidiary, Liander N.V.
The investments of €137 million in 2021 relate to payments of capital invested in the subsidiaries of Alliander N.V.
The dividends received from subsidiaries and payments of capital invested in them result from the capital restructuring of these companies in line with Alliander’s policy.
The various share capital investments are listed separately under the heading ‘Subsidiaries, associates and joint arrangements’ in the ‘Other information’ part of the report.