04 | subsidiaries

2015

2014

Balance as at 1 January

942,898

924,753

Acquisition of subsidiaries

-

9,261

Capital contribution to subsidiaries

3,600

-

Result from subsidiaries

37,732

42,457

Remeasurement of pension liability in subsidiary

411

-566

Dividend received

-25,900

-33,000

Currency translation differences

44

-7

BALANCE AS AT 31 DECEMBER

958,785

942,898

The acquisition of subsidiaries relates to the acquisition of Netwerven B.V. and BC Beheer B.V. in 2014 (note 4 of the consolidated financial statements). The capital contribution to subsidiaries in 2015 relates to increases in the capital of subsidiaries.
Please refer to note 29 of the consolidated financial statements for a list of the main subsidiaries.