ONE ROOF

Notes to the Consolidated Financial Statements
148 Annual Report 2009
Of the share of profits and losses of equity-method associates
and jointly controlled entities, EUR 105,817,000 (2008: EUR
48,832,000) relates to associates and EUR 99,139,000 (2008:
EUR 268,169,000) to jointly controlled entities. Most of the
profits were generated by the Asia Pacific division with EUR
103,356,000 (2008: EUR 219,537,000) and the Concessions
division with EUR 68,207,000 (2008: EUR 72,886,000). The
share of profits and losses of equity-method associates and
jointly controlled entities does not include any impairments
(2008: impairments of EUR 35,652,000).
Net income from other participating interests includes EUR
20,965,000 (2008: EUR 37,354,000) in distributed profits of
Southern Cross Airports Corporation Holdings Ltd. from the
8. Net investment and interest income
Interest and similar income consists of interest on cash investments,
interest-bearing securities and other long-term loans,
plus profit shares and dividends from current and non-current
securities. Interest and similar expenses represent all interest
incurred. Net interest income—the balance of interest and
similar income and expenses—is negative, at minus EUR
129,595,000 (2008: negative EUR 107,466,000).
Interest income of EUR 51,712,000 was recorded in the 2009
fiscal year for financial instruments not carried at fair value
through profit or loss (2008: EUR 80,328,000). Interest expenses
of EUR 187,826,000 were recorded for financial instruments
not carried at fair value through profit or loss (2008:
EUR 195,326,000).
ownership interest in Sydney Airport. EUR 16,991,000 (2008:
EUR 92,393,000) of the impairment losses accounted for in
net income from other participating interests relate to participating
interests of Leighton Holdings.
Participating interests measured at amortized cost and dis-
posed of in the fiscal year had a carrying amount of EUR
70,000 (2008: EUR 32,513,000). The prior-year disposals consisted
for the most part of participating interests of Leighton
Holdings. Disposals realized a gain on sale of EUR 16,000 in
2009 (2008: EUR 7,545,000). As of the balance sheet date,
there are no other plans to sell participating interests measured
at amortized cost.
(EUR thousand) 2009 2008
Interest and similar income 58,231 87,860
Other investment income 21,675 29,844
Investment and interest income 79,906 117,704
Interest and similar expenses (187,826) (195,326)
Interest component of increases in pension obligations (7,549) 3,970
Other investment expenses (39,146) (22,729)
Investment and interest expenses (234,521) (214,085)
(154,615) (96,381)
The interest component of increases in pension obligations
consists of EUR 46,961,000 (2008: EUR 42,756,000) in annual
interest on the net present value of long-term pension obligations
rolled over into the new fiscal year, minus EUR 39,412,000
(2008: EUR 46,726,000) for the expected return on plan assets.
Interest and investment income and expenses not included in
interest and similar income and expenses or in the interest
component of increases in pension obligations are reported as
other investment income and expenses. These mostly comprise
income and expenses from sales of securities, income
and expenses relating to derivatives and impairment losses on
securities.