(15) Investments in Associates

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Investments in associates accounted for using the equity method as of 31 December 2014 and 2013 as well as their allocation to the segments are set forth in Note (38).

The following is a roll-forward of the investments in associates:

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in TEUR

2014

2013

At 1 January

4,979

3,661

Dividends received

−1,724

−279

Recognised income

668

1,716

Changes in reporting entities

34,330

−119

At 31 December

38,253

4,979

The investment in media.at-Group is included in the investments in associates with the proportionate total consolidated equity of the media.at-Group.

The change in reporting entities in 2014 relates to the merger of the subsidiary mobilkom liechtenstein into Telecom Liechtenstein (see Note (2)). In April 2013, Telekom Austria Group sold its 25.029% interest in Marx Media Vienna GmbH in the segment Austria resulting in a loss of TEUR 19, which is reported in the result from investments in affiliates.

The following table provides a summary of aggregated financial information of the associated companies representing the total amounts and not Telekom Austria Group’s proportionate share:

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Statements of profit or loss (in TEUR)

2014

2013

The financial information of media.at-Group is based on its reporting period 1 July to 30 June.

The financial information of Telecom Liechtenstein AG relates to the reporting period 1 January to 31 December 2014.

The financial information for Marx Media Vienna GmbH is no longer included in 2013.

Revenues

153,415

126,640

Operating income

7,592

4,845

Net income

7,264

3,678

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in TEUR

2014

2013

Financial information of media.at-Group is included based on 30 June reporting.
As liabilities are substantially short-term, no split between short-term and long-term is provided.

Total current assets

59,215

35,403

Total non-current assets

38,313

946

Total liabilities

41,109

32,110

Total stockholders' equity

56,419

4,238

The following table provides the difference between the investment in the associate and the proportionate equity associated companies as well as their allocation to the segments.

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in TEUR, at 31 December

2014

2013

Proportional equity

13,468

1,818

Goodwills

14,043

3,161

Purchase price allocation

10,742

0

Investments in associates

38,253

4,979

Segment Austria

3,826

4,979

Corporate & Other

34,427

0

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