Investments carried under the equity method (Tables)

12 Months Ended

Dec. 31, 2017

Investments carried under the equity method [Abstract]

Investments in associates

The table below shows the breakdown and the movement of the investments held in associates for 2017 and 2016:

Investments in associates	2017			2016
Initial balance		55,009			56,181
Share of (loss)/profit		5,351			6,646
Dividend distribution		(2,454	)		(3,954	)
Equity distribution		(549	)		(3,099	)
Currency translation differences		(1,573	)		(765	)
Final balance		55,784			55,009

Stand-alone amounts for associated companies

The tables below show a breakdown of stand-alone amounts of assets, revenues and profit and loss as well as other information of interest for the years 2017 and 2016 for the associated companies:

Company	% Shares		Non- current assets		Current assets		Non- current liabilities		Current liabilities		Revenue		Operating profit/ (loss)			Net profit/ (loss)			Investment under the equity method
Evacuación Valdecaballeros, S.L.		57.16		21,306		841		373		451		298		(708	)		(730	)		9,175
Myah Bahr Honaine, S.P.A.(*)		25.50		195,275		64,114		91,205		12,649		46,767		28,468			24,464			43,365
Pectonex, R.F. Proprietary Limited		50.00		3,904		-		-		2		-		(206	)		(206	)		3,244
Evacuación Villanueva del Rey, S.L		40.02		3,526		53		2,265		190		-		37			-			-
As of December 31, 2017				240,011		65,008		93,843		13,292		47,065		27,591			23,528			55,784

Company	% Shares		Non- current assets		Current assets		Non- current liabilities		Current liabilities		Revenue		Operating profit/ (loss)			Net profit/ (loss)			Investment under the equity method
Evacuación Valdecaballeros, S.L.		57.16		19,283		931		306		532		537		(545	)		(565	)		9,528
Myah Bahr Honaine, S.P.A.(*)		25.50		202,150		67,120		104,704		14,158		52,770		34,247			29,990			42,056
Pectonex, R.F. Proprietary Limited		50.00		3,730		-		-		1		-		(187	)		(187	)		3,425
Evacuación Villanueva del Rey, S.L		40.02		3,251		17		2,118		142		-		31			-			-
As of December 31, 2016				228,684		68,068		107,128		14,833		53,307		33,546			29,238			55,009