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Investments accounted for using the equity method
12 Months Ended
Dec. 31, 2022
Investments accounted for using the equity method  
Investments accounted for using the equity method

40.  Investments accounted for using the equity method

The details of carrying values of investments accounted for using the equity method are as follows:

a)Joint Ventures

    

31 December

    

31 December

2022

2021

Sofra

 

18,218

 

30,152

b)Associates

    

31 December

    

31 December

 

2022

2021

TOGG

 

2,288,646

 

1,344,216

The movement of investments accounted for using the equity method is as follows:

    

31 December

    

31 December

2022

2021

Opening balance

 

1,374,368

 

278,365

Shares of profit

 

316,934

 

116,101

Contribution to capital increase

 

615,562

 

979,902

Closing balance

2,306,864

 

1,374,368