Note 21 - Other non-current assets
OTHER NON-CURRENT ASSETS
Other non-current assets break down as follows:
Carrying amount | 31 Dec. 2020 | 31 Dec. 2019 | |||||
Investments in non-consolidated companies | 43 | 43 | |||||
Loans and receivables | 153 | 111 | |||||
Derivative financial instruments(*) | 16 | - | |||||
Total | 212 | 154 |
(*) See note 30.1
INVESTMENTS IN NON-CONSOLIDATED COMPANIES
Investments in non-consolidated companies include the following:
Carrying amount | 31 Dec. 2020 | 31 Dec. 2019 | |||||
Carrying amount | % interest | Carrying amount | % interest | ||||
FCPI Idinvest Digital Fund II | 11 | 7% | 11 | 7% | |||
Other | 32 | - | 32 | - | |||
Total | 43 | 43 |
The above investments are classified as investments in nonconsolidated companies. No fair value adjustments were recognised in equity in respect of investments in non-consolidated companies in 2020. Cumulative fair value adjustments on investments in nonconsolidated companies at 31 December 2020 amounted to a negative €1 million.
LOANS AND RECEIVABLES
Loans and receivables can be analysed as follows:
Loans and receivables | 31 Dec. 2020 | 31 Dec. 2019 | |||||
Gross amount | 216 | 141 | |||||
Accumulated impairment losses | (63) | (30) | |||||
Carrying amount | 153 | 111 |
Analysis of impairment losses | 2020 | 2019 | |||||
At 1 January | (30) | (29) | |||||
Impairment losses (recognised) reversed in the year | (16) | (1) | |||||
Other movements and translation adjustments | (17) | - | |||||
At 31 December | (63) | (30) |
Loans and receivables included in non-current financial assets mainly comprise deposits, loans and receivables with an estimated maturity of more than one year. They also include financial receivables resulting from finance sub-leases for €18 million at 31 December 2020 versus €27 million at 31 December 2019.
Other movements and translation adjustments relating to impairment of loans and receivables, representing a negative amount of €17 million in 2020, chiefly relate to the reclassification of current accounts with joint ventures within loans at Lagardère Travel Retail in the United States. These loans were already written down at the start of the reporting period.