Share of Equity Accounted Investments' Profit (Tables)

12 Months Ended

Dec. 31, 2018

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
	2018 €m		2017 €m		2016 €m		2018 €m		2017 €m		2016 €m		2018 €m		2017 €m		2016 €m
Group share of:
Revenue		672		582		480		903		816		769		1,575		1,398		1,249

EBITDA (as defined)*		57		77		85		81		77		52		138		154		137
Depreciation and amortisation		(23)		(28)		(26)		(41)		(39)		(40)		(64)		(67)		(66)
Operating profit		34		49		59		40		38		12		74		87		71
Profit on disposals		-		-		-		3		-		-		3		-		-
Profit before finance costs		34		49		59		43		38		12		77		87		71
Finance costs (net)		1		(1)		(4)		(9)		(10)		(15)		(8)		(11)		(19)
Profit/(loss) before tax		35		48		55		34		28		(3)		69		76		52
Income tax expense		(2)		(5)		(4)		(7)		(6)		(6)		(9)		(11)		(10)
Profit/(loss) after tax		33		43		51		27		22		(9)		60		65		42