Loans to Joint Ventures and Associates
Notes | 31 December 2023 | 31 December 2022 | |
|---|---|---|---|
Current portion of loans to joint ventures and associates | 3 | 7 | |
Non-current portion of loans to joint ventures and associates | 38 | 45 | |
Total | 41 | 52 |
The balance of loans to joint ventures and associates has decreased compared with the year-ago period due to the impairment of a funding loan provided to some equity accounted entities.
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.