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Investments accounted for using the equity method
12 Months Ended
Dec. 31, 2021
Investments accounted for using the equity method  
Investments accounted for using the equity method

42. Investments accounted for using the equity method

The details of carrying values and consolidation rates subject to equity accounting of joint ventures and associates are as follows:

a)Joint Ventures

    

31 December

    

31 December

2021

2020

Sofra

 

13,202

 

11,959

b)Associates

    

31 December

    

31 December

 

2021

2020

TOGG

 

665,382

 

91,967

The Group have capital commitment to TOGG amounting to EUR 115 million. As of 31 December 2021, the amount of EUR 64.8 million has been paid.

The movement of Joint Ventures and associates is as follows:

    

31 December

    

31 December

2021

2020

Opening balance

 

103,926

 

41,701

Shares of profit/(loss)

 

90,090

 

(13,775)

Contribution to capital increase

 

484,568

 

76,000

678,584

 

103,926