in thousands of EUR

2019

2018

Participating interests in group companies

233,038

22,733

Other participating interests

24,279

22,448

Balance sheet value as at 31 December

257,317

45,181

This relates to equity participations that are held long-term for business operation purposes. The statement of equity participations in accordance with Section 2:379 of The Netherlands Civil Code is included under the accounting principles for consolidation in the Notes to the consolidated Annual Accounts.

The movement in this item is as follows:

in thousands of EUR

2019

2018

1

The incorporation relate to the transfer of the assets and liabilities from the branch in the UK to the subsidiary Triodos Bank UK Ltd.

Balance sheet value as at 1 January

45,181

37,857

Acquisitions

9,848

Incorporations1

200,036

Increase of capital

3,726

2,499

Result on participating interests

13,998

5,507

Transfer from or to provision for negative equity of participating interests

342

Dividend paid

–5,082

–5,088

Revaluation

73

3,200

Repayment of capital

–4,393

–1,236

Sale

–7,996

Exchange rate result on foreign currency

3,778

248

Balance sheet value as at 31 December

257,317

45,181