Annual report 2022 Consolidated annual accounts 089 The movement in Investments in joint ventures and associates, is analysed as follows: THOUSAND EUROS 2022 2021 Balance as at 1 January 988,522 474,884 Changes in the consolidation perimeter 25,002 - Changes in consolidation method - 96,204 Acquisitions / other perimeter variations -839 371,143 Disposals - -3,960 Share of profits of joint ventures and associates 161,534 41,184 Dividends -45,445 -29,599 Exchange differences 23,142 35,713 Hedging reserve in joint ventures and associates 85,782 -5,376 Others -80,449 8,329 Balance as at the end of the period 1,157,249 988,522 Acquisition and other perimeter variations includes an amount related to capital increases of 2,586 thousand Euros mainly of the entities of Evoikos Voreas A.E., Total Sofrano A.E. and Charge+ Pte. Ltd and a negative amount of 3,425 thousand Euros related to capital reductions mainly of the entities of San Juan de Bargas E\u00f3lica, S.L. and Uni\u00f3n de Generadores de Energ\u00eda, S.L. The caption in 2021 mainly included share capital increases in OW Offshore S.L. (Ocean Winds) in the amount of 331,519 thousand Euros. Changes in the consolidated perimeter mainly includes an amount of 9,111 thousand Euros related to the acquisition of Sunseap Group (see note 42) and the fair value adjustment amounting to 14,842 thousand Euros. The caption \u201cjoint venture and associates\u201d in the income statement includes a gain amounting to 16,981 thousand Euros resulting from the sale of the remaining stake in the offshore company Moray West Holdings Limited and an amount of 752 thousand Euros resulting from the sale of the stake in the company Solar Works! B.V., which are not reflected in the chart above due to this amount is recorded in the corresponding holding companies (see note 6). Changes in the consolidation method in 2021 refered to: \u2022 Increase amounting to 32,763 thousand Euros due to the loss of control in the companies Riverstart Development LLC, Riverstart Ventures LLC and subsidiaries (see note 6); \u2022 Increase amounting to 63,441 thousand Euros due to the loss of control in the company 2019 Vento XX LLC with a subsequent loss of share interest in companies Lexington Chenoa Wind Farm LLC and Broadlands Wind Farm LLC (see note 6). The following table resumes the companies' financial information of joint ventures included in the Group consolidated accounts, as of December 2022: THOUSAND EUROS OW OFFSHORE, S.L. AND SUBSIDIARIES FLAT ROCK WINDPOWER LLC GOLDFINGER VENTURES II LLC GOLDFINGER VENTURES LLC 2019 VENTO XX LLC AND SUBSID. 2017 VENTO XVII LLC AND SUBSID. COMPANIES' FINANCIAL INFORMATION OF JOINT VENTURES Non-Current Assets 2,625,312 196,542 322,496 211,527 632,137 539,395 Current Assets 457,761 12,882 -2,069 221 7,830 11,673 Cash and cash equivalents 237,416 10,400 58 - - - Total Equity 1,069,680 203,387 211,917 153,491 24,236 202,561 Long term Financial debt 493,044 - - - - - Non-Current Liabilities 987,607 4,391 98,885 54,690 597,474 340,973 Short term Financial debt 4,918 - - 448 517 219 Current Liabilities 1,025,786 1,646 9,625 3,567 18,257 7,534 Revenues 46,200 20,238 17,172 12,484 39,529 46,946