Notes to the parent company financial statements Annua l Report 2014 146
5 Financial assets
Investments in subsidiaries and joint ventures
Loans receivable
December 28, December 29,
million 2014 2013
Investments in subsidiaries 8,876 10,591
Loans receivable from subsidiaries 258
Other derivatives external 310 278
Deferred financing cost 3 4
Total financial assets 9,447 11,867
For more information on derivatives, see Note 13 to these parent company financial statements.
million 2014 2013
Beginning of year 10,591 8,068
Share in income 647
Dividends (3,327)
Intercompany transfers 619 2,074
Share of other comprehensive income (loss) and other changes in equity (30) 163
Transfers (to) from loans receivable 8 (10)
Transfers (to) from provisions (20) 29
Other comprehensive income (loss) transferred to net income - (73)
Exchange rate differences 388 (99)
End of year8,87610,591
Intercompany transfers include capital contributions and capital repayments. For a list of subsidiaries, joint ventures and associates, see Note 36 to the consolidated financial statements.
million 2014 2013
Beginning of year 994 2,797
Issued - net - 145
Intercompany transfers (728) (1,936)
Transfers from (to) investments (8) 10
Exchange rate differences - (22)
End of year 258 994
Current portion -
Non-current portion of loans 258 994
The loans receivable are related to loans with subsidiaries. On June 17 2013, the parent company assigned the subordinated loan facility to Ahold Finance U.S.A. LLC.