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Investments accounted for using the equity method

12 Months Ended

Dec. 31, 2023

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:

​

​	​	​	​	​
​		31 December		31 December
a) Joint Ventures	​	2023	​	2022
Sofra		12,347		30,018

​

​	​	​	​	​
​		31 December		31 December
b) Associates		2023	​	2022
TOGG		5,857,271		3,771,069

​

The Group have capital commitment to TOGG amounting to EUR 115 million. As of 31 December 2023, the amount of EUR 114.5 million has been paid.

​

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

​

​	​	​	​	​
​		31 December		31 December
​	​	2023	​	2022
Opening balance		3,801,087	​	2,264,587
Shares of profit		1,525,175	​	522,221
Contribution to capital increase		543,356	​	1,014,279
Closing balance	​	5,869,618	​	3,801,087

​

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- Definition

The disclosure of investments accounted for using the equity method. [Refer: Investments accounted for using equity method]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
-Number 1
-IssueDate 2023-01-01
-Paragraph 10
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-URIDate 2023-03-23

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- References

No definition available.

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