205
These are detailed as follows:
Details of investments in associates are as follows:
Tianjin YOFC XMKJ Optical Communications Co., Ltd., Yangtze
Optical Fibre and Cable (Sichuan) Co., Ltd., Tianjin YOFC
XMKJ Optical Cable Co., Ltd., Shantou Hi-Tech Zone Aoxing
Optical Communication Equipment Co., Ltd., Jiangsu Yangtze
Zhongli Optical Fibre & Cable Co., Ltd., Shenzhen SDGI Optical
Fibre Co., Ltd. and Yangtze Wuhan Optical System Co., Ltd.
are all companies held by Yangtze Optical Fibre and Cable
3. INVESTMENTS IN ASSOCIATES
Company Ltd., a company which has been consolidated on a
proportionate basis. The latter’s interest in these companies
would qualify them as joint ventures but because of the
difficulty in obtaining periodic information and their limited
materiality, they have been consolidated using the equity
method.
(in millions of Euro)
31 December 2012
31 December 2011
Opening balances
87
9
Movements:
- Business combinations
-
69
- Currency translation differences
-
4
- Investments
1
1
- Share of net profit/ (loss)
17
8
- Dividends and other movements
(6)
(4)
Total movements
12
78
Closing balance
99
87
(in millions of Euro)
31 December 2012
31 December 2011
Oman Cables Industry SAOG
50
45
Kabeltrommel Gmbh & Co.K.G.
8
7
Elkat Ltd.
11
9
Tianjin YOFC XMKJ Optical Communications Co.,Ltd.
8
6
Shantou Hi-Tech Zone Aoxing Optical Communication EquipmentsCo.,Ltd.
4
4
Jiangsu Yangtze Zhongli Optical Fibre & Cable Co., Ltd.
4
4
Shenzhen SDGI Optical Fibre Co., Ltd.
3
4
Rodco Ltd.
2
2
Yangtze (Wuhan) Optical System Co., Ltd.
2
2
Yangtze Optical Fibre & Cable Sichuan Co., Ltd.
2
2
Eksa Sp.Zo.o
3
1
Tianjin YOFC XMKJ Optical Cable Co., Ltd.
1
1
WuhanGuanyuan Electronic Technology Co. Ltd.
1
-
Total investments in associates
99
87
