Volkswagen Group - Annual Report 2009

CHANGES IN EQUITY-ACCOUNTED INVESTMENTS AND OTHER EQUITY INVESTMENTS BETWEEN JANUARY 1 AND DECEMBER 31, 2008
€ million	Equity accounted investments	Other equity investments	Total
Cost Balance at Jan. 1, 2008	8,013	901	8,914
Foreign exchange differences	47	2	49
Changes in consolidated Group	–1,518	–229	–1,747
Additions	862	194	1,056
Transfers	–7	7	–
Disposals	815	5	820
Reversal of impairment losses	–	–	–
Changes recognized in other comprehensive income	–188	–	–188
Balance at Dec. 31, 2008	6,394	870	7,264
Impairment losses Balance at Jan. 1, 2008	218	353	571
Foreign exchange differences	18	0	18
Changes in consolidated Group	–	–98	–98
Additions to cumulative impairment losses	–	32	32
Transfers	–	–	–
Disposals	109	0	109
Reversal of impairment losses	–106	–	–106
Balance at Dec. 31, 2008	21	287	308
Carrying amount at Dec. 31, 2008	6,373	583	6,956

As a result of improved earnings prospects, impairment losses amounting to €106 million on several joint ventures were reversed. Value in use was estimated using a discount factor of 9.4%.

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CHANGES IN EQUITY-ACCOUNTED INVESTMENTS AND OTHER EQUITY INVESTMENTS BETWEEN JANUARY 1 AND DECEMBER 31, 2009
€ million	Equity accounted investments	Other equity investments	Total
Cost Balance at Jan. 1, 2009	6,394	870	7,264
Foreign exchange differences	–14	0	–14
Changes in consolidated Group	–	–140	–140
Additions	4,768	95	4,863
Transfers	7	–7	0
Disposals	780	4	783
Reversal of impairment losses	–	–	–
Changes recognized in other comprehensive income	30	–	30
Balance at Dec. 31, 2009	10,406	815	11,220
Impairment losses Balance at Jan. 1, 2009	21	287	308
Foreign exchange differences	–1	1	1
Changes in consolidated Group	–	–33	–33
Additions to cumulative impairment losses	–	17	17
Transfers	–	–	–
Disposals	–	0	0
Reversal of impairment losses	–	–	–
Balance at Dec. 31, 2009	21	271	292
Carrying amount at Dec. 31, 2009	10,385	543	10,928

Equity-accounted investments include joint ventures in the amount of €7,334 million (previous year: €2,980 million) and associates in the amount of €3,051 million (previous year: €3,393 million).

In fiscal year 2009, the additions to equity-accounted investments relate mainly to the acquisition of the shares of Porsche Zwischenholding GmbH in the amount of €3,907 million.

Significant joint ventures and associates are detailed in the listing of significant Group companies at the end of the notes to the consolidated financial statements.

15 Equity-accounted investments and other equity investments