Investments in associates changed as follows:
|As at 1 January||1,772||1,847|
|Changes in Group’s share of equity|
|Changes recognised in profit or loss||56||60|
|Changes recognised in other comprehensive income||93||10|
|Elimination of intercompany profits and losses||–1||0|
|Reclassified to current assets||0||–1,801|
|Carrying amount as at 31 December||1,847||44|
Investments in associates principally relate to Air Hong Kong Ltd, China, Danzas AEI Emirates LLC, United Arab Emirates and Unipost Servicios Generales S.L., Spain. The complete list is shown in Note 58 in the list of shareholdings.
The decline in investments in associates is largely due to the reclassification as held for sale at the end of February 2011 of the carrying amount of the investment in Deutsche Postbank AG (€1,801 million); .
Further disclosures on impairment losses are contained in Note 18.
The following tables show a summary of the aggregate income statements and balance sheets of the associates. The amounts do not relate to the shares attributable to Deutsche Post DHL, but are presented based on a notional 100% shareholding.
|Net profit for the year||139||4|
|1||For Deutsche Postbank AG, revenue includes interest income, commission income and net trading income.|
|Aggregate balance sheets|
|Liabilities and provisions||209,451||410|