Note 6 Investments in bonds
€ million | Beleggingen in obligaties |
Carrying amount as at 1 January 2020 | 160 |
Movements 2020 | |
Currency translation differences | -13 |
Adjustment expected credit loss | - |
Total | -13 |
Carrying amount as at 31 December 2020 | 147 |
Movements 2021 | |
Currency translation differences | 9 |
Divestments | -156 |
Total | -147 |
Carrying amount as at 31 December 2021 | - |
The investments in bonds item were zero at year-end 2021 (2020: €147 million). The item comprised investments in a debt instrument issued by a large international enterprise which served to cover obligations arising from two CBL contracts. These investments were sold in 2021 along with the redemption of the related lease obligations. See note [3] for more information.