Share of Equity Accounted Investments' Profit (Tables)

12 Months Ended

Dec. 31, 2017

Summary of Analysis of Share of Joint Ventures' and Associates' Profit After Tax

The Group’s share of joint ventures’ and associates’ profit after tax is equity accounted and is presented as a single line item in the Consolidated Income Statement; it is analysed as follows between the principal Consolidated Income Statement captions:


	Joint Ventures						Associates						Total
	2017 €m		2016 €m		2015 €m		2017 €m		2016 €m		2015 €m		2017 €m		2016 €m		2015 €m
Group share of:
Revenue		582		480		496		816		769		961		1,398		1,249		1,457

EBITDA (as defined)*		77		85		79		77		52		84		154		137		163
Depreciation and amortisation		(28)		(26)		(27)		(39)		(40)		(55)		(67)		(66)		(82)
Operating profit		49		59		52		38		12		29		87		71		81
Finance costs (net)		(1)		(4)		(6)		(10)		(15)		(17)		(11)		(19)		(23)
Profit/(loss) before tax		48		55		46		28		(3)		12		76		52		58
Income tax expense		(5)		(4)		(5)		(6)		(6)		(9)		(11)		(10)		(14)
Profit/(loss) after tax		43		51		41		22		(9)		3		65		42		44