Note 39 Investments in subsidiaries and associates
€ million | Investments in subsidiaries | Investments in associates | Total |
Carrying amount as at 1 January 2019 | 2,498 | 1 | 2,499 |
Movements 2019 | |||
Dividends received | -246 | - | -246 |
Result for the year | 234 | - | 234 |
Issue of share capital | 31 | - | 31 |
Movement in revaluation reserve | - | - | - |
Transfers | 13 | - | 13 |
Total | 32 | - | 32 |
Carrying amount as at 31 December 2019 | 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 | 2 | - | 2 |
Total | -76 | - | -76 |
Carrying amount as at 31 December 2020 | 2,454 | 1 | 2,455 |
In 2020, Alliander received €257 million (2019: €246 million) in dividend from its Liander N.V. subsidiary. The investments of €38 million in 2020 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.