|
|
Joint ventures |
|
Associates |
|
Total |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
2024 |
|
2023 |
|
2024 |
|
2023 |
|
2024 |
|
2023 |
Opening balance |
|
23 |
|
10 |
|
57 |
|
6 |
|
80 |
|
16 |
Application of the equity method: |
|
|
|
|
|
|
|
|
|
|
|
|
Net results |
|
– |
|
– |
|
(1) |
|
– |
|
(1) |
|
(1) |
Dividends and other income received |
|
(1) |
|
(1) |
|
– |
|
– |
|
(1) |
|
(1) |
Other comprehensive income |
|
– |
|
– |
|
(3) |
|
– |
|
(3) |
|
– |
Other Increases/(reductions) |
|
2 |
|
14 |
|
14 |
|
34 |
|
15 |
|
48 |
Transfers from Other investments |
|
– |
|
– |
|
– |
|
17 |
|
– |
|
17 |
Change in consolidation method |
|
(7) |
|
– |
|
– |
|
– |
|
(7) |
|
– |
Closing balance |
|
17 |
|
23 |
|
67 |
|
57 |
|
84 |
|
80 |
In June 2024, through the subsidiary Jerónimo Martins – Agro-Alimentar, S.A. (JMA) was acquired 30% of the capital of the company Supreme Fruits, Lda. (SF), with the Group now holding 80% of the said company. SF is thus now fully consolidated in the Group’s financial statements (previously it was consolidated by the equity method), without materially relevant impacts.
During 2024, JMA acquired an additional of 4.6 million shares in the company Andfjord Salmon Group AS (Andfjord), now holds a total stake of 28%. Andfjord is listed on Euronext Growth Oslo, and at the date of these consolidated financial statements the financial information related to December 2024, therefore, when updating the investment value, had not yet been published, it was used the most recent published information, related to the previous quarter (September 2024).