Financial Assets (Tables)

12 Months Ended

Dec. 31, 2017

Text Block1 [Abstract]

Summary of Investments Accounted For Using the Equity Method

Investments accounted for using the equity method (i.e. joint ventures and associates)
	Share of net assets €m		Loans €m		Total €m		Other (i) €m
At 1 January 2017		1,152		147		1,299		26
Translation adjustment		(67)		(16)		(83)		(1)
Investments and advances		5		6		11		-
Disposals and repayments		(1)		(12)		(13)		-
Share of profit after tax		65		-		65		-
Dividends received		(31)		-		(31)		-
At 31 December 2017		1,123		125		1,248		25
The equivalent disclosure for the prior year is as follows:
At 1 January 2016		1,161		156		1,317		28
Translation adjustment		(14)		3		(11)		-
Investments and advances		1		6		7		-
Reduction in joint venture loans		-		(5)		(5)		-
Disposals and repayments		2		(13)		(11)		(2)
Share of profit after tax		42		-		42		-
Dividends received		(40)		-		(40)		-
At 31 December 2016		1,152		147		1,299		26

(i) Other financial assets primarily comprise trade investments carried at historical cost.

Summary of Financial Information for Group's Investment in Joint Ventures and Associates

Summarised financial information for the Group’s investment in joint ventures and associates which are accounted for using the equity method is as follows:

	Joint Ventures				Associates				Total
	2017 €m		2016 €m		2017 €m		2016 €m		2017 €m		2016 €m
Non-current assets		752		727		754		845		1,506		1,572
Current assets		209		171		492		413		701		584
Non-current liabilities		(348)		(285)		(73)		(182)		(421)		(467)
Current liabilities		(115)		(102)		(548)		(435)		(663)		(537)
Net assets		498		511		625		641		1,123		1,152