16 Investments in Associates

In CHF million  
  2012 2011
Balance as at 1 January
  74 63
Additions
  10
Addition due to a subsidiary becoming an associate
  8
Classification as assets held for sale and other disposals
  0 0
Share of profit or loss
  8 6
Share of other comprehensive income
  0
Dividends paid
  –3 –4
Foreign currency translation differences
  0 –1
Balance as at end of period
  87 74


Goodwill relating to investments in associates is included in the carrying amount of investments in associates.

In 2012, the Swiss Life Group set up Assuristance, Paris.

In 2011, the Swiss Life Group acquired a 25% share of Prigest, Paris.

Investments in associates: summarised financial information
Amounts in CHF million  
 
Assets

Liabilities

Net assets
Share of
net assets

Revenues

Results
Share of
results
Direct
share
 
2012
 
Crédit et services financiers (CRESERFI), Paris
  243 106 137 46 136 4 1 33.4%
Technopark Immobilien, Zürich
  104 59 46 15 14 4 1 33.3%
Other
  109 52 58 26 57 15 5 n/a
Total
  457 217 240 87 207 23 8 n/a


2011
 
Crédit et services financiers (CRESERFI), Paris
  241 107 134 45 50 7 3 33.4%
Technopark Immobilien, Zürich
  103 58 45 15 14 4 1 33.3%
Other
  42 20 22 14 43 6 2 n/a
Total
  386 185 201 74 107 17 6 n/a


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