Loans to Joint Ventures and Associates
|
Notes |
31 December 2020 |
31 December 2019 |
|
|---|---|---|---|
|
Current portion of loans to joint ventures and associates |
14 |
30 |
|
|
Non-current portion of loans to joint ventures and associates |
32 |
25 |
|
|
Total |
46 |
55 |
The decrease in the loans to joint ventures and associates is driven by the redemptions over the year 2020.
The maximum exposure to credit risk at the reporting date is the carrying amount of the loans to joint ventures and associates, taking into account the risk of recoverability. The Company does not hold any collateral as security.