2 - Participation in group companies
Shareholdings in group companies relate to direct or indirect interests in Group companies as disclosed in note 1 of the consolidated financial statements. Valuation was carried out using the equity method.
The development of the participations in group companies is as follows:
Amounts in 1,000 euros | 2023 | 2022 |
Balance as of January 1 | 103,903 | 59,055 |
Acquisitions | 0 | 172 |
Share in net result | 50,907 | 45,348 |
Dividends received | -5,740 | -757 |
Corrections | 22 | 85 |
Balance as at December 31 | 151,115 | 109,903 |