18. Associates and Joint Ventures
in thousands of EUR | 31 December 2017 | 31 December 2016 |
|---|---|---|
Visilab S.A. | 259 | 34,366 |
Reliance-Vision Express Private Ltd and Reliance-GrandVision India Supply Private Ltd | 936 | 1,979 |
1,195 | 36,345 |
The movements in investments in the Associates and Joint Ventures are as follows:
in thousands of EUR | 2017 | 2016 |
|---|---|---|
At 1 January | 36,345 | 40,438 |
Share of result of Associates and Joint Ventures | 1,932 | 3,851 |
Dividend received | - 6,090 | - 8,215 |
Change in control of Visilab | - 31,129 | - |
Acquisitions | 233 | - |
Capital contributions in Associates and Joint Ventures | - | 336 |
Currency translation differences | - 96 | - 65 |
At 31 December | 1,195 | 36,345 |
In October 2017, GrandVision increased its shareholding and obtained control of Visilab, which resulted in Visilab becoming a subsidiary of GrandVision. Refer to note 6 for more details.
- SHARE:
