30 Share of profit/loss of associates and joint ventures accounted for using the equity method

The share of profit/loss of associates and joint ventures included in the consolidated financial statements using the equity method decreased by EUR 0.4 billion compared with the prior year to EUR ‑0.5 billion. The main factor in this was an impairment loss of EUR 517 million recognized in the reporting year on the carrying amount of the stake in GlasfaserPlus. The impairment loss was triggered by the current macroeconomic developments and the associated sharp rise in interest rates. The recoverable amount was determined based on Level 3 input parameters and confirmed by an external multiple evaluation. A discount rate of 5.37 % was used. The prior-year figure included an impairment loss of EUR 58 million recognized on the carrying amount of the stake in Stratospheric Platforms Ltd.

For further information, please refer to the section “Changes in the composition of the Group and other transactions” under “Summary of accounting policies,” and Note 10 “Investments accounted for using the equity method.”