9. Equity accounted investees

As at 31 March			2026	2025
	Interest in joint ventures	Investments in associates	Total	Total
	€m	€m	€m	€m
Cost at beginning of the period	10	9	19	17
Change in classification	-	-	-	2
Cost at end of the period	10	9	19	19
Share of post-acquisition reserves at the beginning of period	17	10	27	30
Share of results in period retained	2	1	3	1
Change in classification	-	-	-	(2)
Dividends	-	(1)	(1)	(2)
Share of post-acquisition reserves at end of the period	19	10	29	27
Net book value at end of the period	29	19	48	46
Net book value at beginning of the period	27	19	46	46

The Group’s equity accounted investments are listed in Note 30.

(i) Summarised information in respect of the Group’s joint ventures is presented below:

As at 31 March	2026	2025
	€m	€m
The share of assets and liabilities of the Group’s joint ventures is as follows:
Non-current assets	9	13
Current assets	19	20
Current liabilities	(5)	(6)
Group’s share of net assets	23	27

The share of revenue and expenses of the Group’s joint ventures are as follows:
Revenue	57	54
Expenses	(55)	(55)
Group’s share of joint ventures’ profit/(loss) for the period	2	(1)
Dividend received	-	-
Group’s share of retained profit/(loss) for the period	2	(1)

(ii) Summarised information in respect of Group’s associates is presented below:

	2026	2025
	€m	€m
Summarised balance sheet information
Total assets	92	93
Total liabilities	(32)	(33)
Net assets	60	60
Group’s share of net assets	18	19

Summarised income statement information
Revenue	270	299
Profit/(loss) for the period	3	5
Group’s share of associates profit/(loss) for the period	1	-
Dividend received	(1)	(2)
Group’s share of retained profit/(loss) for the period	-	(2)

(iii) The share of post-tax profits of joint ventures and associates as disclosed in the income statement arose as follows:

	2026	2025
	€m	€m
Group’s share of joint ventures’ profit/(loss) for the period	2	(1)
Group’s share of associates profit/(loss) for the period	1	2
Total profit/(loss) on joint ventures and associates for the year	3	1