The participating interests in group companies relate to the subsidiaries of Triodos Bank, mainly being Triodos Bank UK limited and Triodos Investment Management B.V.
Amounts in thousands of EUR | 2022 | 2021 |
|---|---|---|
Investments in credit institutions | 221,491 | 222,140 |
Other | 33,865 | 25,469 |
Balance sheet value as at 31 December | 255,356 | 247,609 |
The movement of the participating interests in group companies is as follows:
Amounts in thousands of EUR | 2022 | 2021 |
|---|---|---|
Balance sheet value as at 1 January | 247,609 | 223,810 |
Acquisitions | - | - |
Increase of capital | - | - |
Result on participating interests | 19,182 | 15,382 |
Transfer from or to provision for negative equity of participating interests | - | - |
Dividend paid | - | -2,673 |
Revaluation | - | - |
Repayment of capital | - | -2,106 |
Sale | - | - |
Exchange rate result on foreign currency | -11,435 | 13,196 |
Balance sheet value as at 31 December | 255,356 | 247,609 |
Accounting policy
Participating interests are valued based on the equity method. On initial recognition, the investment in the participating interest is recognised at cost. In subsequent periods, the carrying amount of the investment is adjusted for the following:
Increase (or decrease) in the value of the investment for Triodos Bank’s share of the participating interest's
Net Income (or Net Loss) for the period
Decrease in the value of the participating interest for distribution of dividends received from the participating interest, where dividends received from the participating interest are not recorded in the Profit & Loss account
Increase (or decrease) in the value of the investment for Triodos Bank’ share of the participating interest's Other Comprehensive Income for the period.
For those items not included in the Notes to the parent company financial statements, please see the Notes to the consolidated financial statements.