9. Investment in associates
| in thousand EUR | 2017 | 2016 | ||
|---|---|---|---|---|
| At 1 January | 1 143 | 587 | ||
| Share of profit of associates including impairment | 151 | 370 | ||
| Dividends earned | –379 | –35 | ||
| Translation differences | –150 | 221 | ||
| At 31 December | 765 | 1 143 |
BK Energia
The investment of 40 % is valued using the equity method as Precious Woods has no control over BK Energia. The value amounts to EUR 0.8 million as of 31 December 2017 (2016: EUR 1.1 million).
| in thousand EUR (representing 100%) | Assets | Liabilities | Revenues | ||||
|---|---|---|---|---|---|---|---|
| Key figures 2016 | 3 571 | 449 | 4 153 | ||||
| Key figures 2017 | 2 606 | 428 | 5 092 |