Notes 11-20

12. Associates, loans to associates & other investments

20152014
€’000€’000
Associates
At beginning of period--
Additions in the period1,197-
Translation adjustment8-
At end of period1,205-
The Group holds a 20% equity investment in Nextwave Distribution Holdings Inc. (an unlisted entity), a holding company for a distribution business (note 11). No profit was recognised in 2015 due to the investment being acquired close to the year end date.
€’000€’000
Loans to Associates
At beginning of period--
Additions in the period10,761-
Translation adjustment76-
At end of period10,837-
The associate additions of €1.2m and the additions to loans to associates of €10.8m which total €12.0m represent the 20% stake in common equity and preferred shares in Nextwave Distribution Holdings Inc. referred to in note 11.
€’000€’000
Other investments
At beginning of period147156
Disposal of subsidiary undertaking (note 11)(108)-
Disposals-(23)
Translation adjustment914
At end of period48147