18. Associates and Joint Ventures

in thousands of EUR

31 December 2016

31 December 2015

Visilab S.A.

34,366

37,589

Reliance-Vision Express Private Ltd and Reliance-GrandVision India Supply Private Ltd

1,979

2,849

36,345

40,438

The movements in investments in the Associates and Joint Ventures are as follows:

in thousands of EUR

2016

2015

At 1 January

40,438

34,967

Capital contributions in Associates and Joint Ventures

336

-

Share of result of Associates and Joint Ventures

3,851

4,620

Currency translation differences

- 65

5,112

Dividend received

- 8,215

- 4,261

At 31 December

36,345

40,438

The financial information of the Associates and Joint Ventures is as follows:

in thousands of EUR

31 December 2016

31 December 2015

Summarized Balance Sheet:

Non-current assets

73,508

74,968

Current assets

33,535

34,874

Equity

73,044

83,882

Non-current liabilities

9,120

799

Current liabilities

24,879

25,161

Commitments

58,522

60,380

in thousands of EUR

2016

2015

Revenue

165,583

170,341

Result for the year

13,835

15,889