DSM Annual Report 2008 - Interests in joint ventures

Previous - 28) Share-based compensation

29) Interests in joint ventures

DSM’s share in its most important joint ventures is disclosed below:

Company	Location	Country	DSM interest
			2008	2007

DEX-Plastomers VoF	Heerlen	NL	50%	50%
Noordgastransport B.V.	Zoetermeer	NL	40%	40%
EdeA VoF	Sittard-Geleen	NL	50%	50%

The financial data of joint ventures are included in the consolidated financial statements according to the method of proportionate consolidation. DSM’s interests in the assets and liabilities, income and expense of these joint ventures are:

	2008	2007

Non-current assets	159	151
Current assets	68	75
Non-current liabilities	(100)	(100)
Current liabilities	(44)	(38)

Net assets	83	88

Net sales	134	121
Expenses	(95)	(82)

Net profit	39	39