18. Associates

in thousands of EUR

31 December 2015

31 December 2014

Visilab S.A.

37,589

31,816

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

2,849

3,151

40,438

34,967

The movements in investments in associates is as follows:

in thousands of EUR

2015

2014

At 1 January

34,967

33,584

Capital contributions in associates

-

797

Result from associates

4,620

2,696

Currency translation differences

5,112

1,195

Dividend received

- 4,261

- 3,305

At 31 December

40,438

34,967

The financial information of the associates is as follows:

in thousands of EUR

31 December 2015

31 December 2014

Non-current assets

74,968

65,313

Current assets

34,874

29,361

Equity

83,882

74,706

Non-current liabilities

799

1,191

Current liabilities

25,161

18,777

Commitments

60,380

54,303

in thousands of EUR

2015

2014

Revenue

170,341

151,787

Result for the year

15,889

11,922