in thousands of EUR

2018

2017

Participating interests in group companies

22,733

21,912

Other participating interests

22,448

15,945

Balance sheet value as at 31 December

45,181

37,857

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

2018

2017

Balance sheet value as at 1 January

37,857

40,492

Acquisitions

9,848

Incorporations

Increase of capital

2,499

51

Result on participating interests

5,507

4,760

Transfer from or to provision for negative equity of participating interests

342

311

Dividend paid

–5,088

–5,944

Revaluation

3,200

3,485

Repayment of capital

–1,236

Sale

–7,996

–4,044

Exchange rate result on foreign currency

248

–1,254

Balance sheet value as at 31 December

45,181

37,857