14. Investments recognised using the equity method The financial data for the investments that are recognised according to the equity method, which have a book value of €39 million (2015: €183 million), are as follows:Name entity (in millions of euros)Merseyrail LtdNorthern Rail LtdVastgoed fondsenTrans Link Systems BVOther joint venturesTotal joint venturesOther associatesTotalShare percentage50.00%50.00%53.00%68.75% 2015 Current assets5412465- 3 38 of which cash and cash equivalents396151- - 18 Non-current assets1213245- 2 17 Current liabilities5612315- 2 16 of which current financial liabilities- 2- - - 2 Non-current liabilities13- - - 15 of which non-current financial liabilities1- - - - - Net equity (based on 100%)812296 3 22 Carrying value investments in investees recognised using the equity method46157- 116815183 Revenue212777416129 87 Depreciation, amortisation and impairment26- 41 5 Result from operating activities262420144 2 Finance income- - - - - - Finance expense- 1- - - - Income tax expense55- - - 1 Result for the period211920144 1 Total comprehensive income over the period293320144 1 Share in result of investees recognises using the equity method10101036369170Share in other comprehensive income47- - - 11- 11Share in total comprehensive income of investees recognised using the equity method14171036380181 Dividend received108818347- 47Name entity (in millions of euros)Merseyrail LtdNorthern Rail LtdVastgoed fondsenTrans Link Systems BVOther joint venturesTotal joint venturesOther associatesTotalShare percentage50.00%50.00%53.00%0.00% 2016 Current assets382038- 2 42 of which cash and cash equivalents241734- - 24 Non-current assets11- - - 2 21 Current liabilities38159- 1 17 of which current financial liabilities- - - - - - 1 Non-current liabilities1- - - - 23 of which non-current financial liabilities1- - - - - Net equity (based on 100%)10428 3 20 Carrying value investments in investees recognised using the equity method5215- 2241539 Revenue182165483- 27 89 Depreciation, amortisation and impairment2217- 1 4 Result from operating activities2319228- 4 - Finance income- - - - - - Finance expense- - - - - - Income tax expense54- - - - Result for the period1815228- 4 - Total comprehensive income over the period2933- - 4 1 Share in result of investees recognises using the equity method97121- 31402142Share in other comprehensive income12 3- 3Share in total comprehensive income of investees recognised using the equity method109121- 31432145 Dividend received81249 372- 72Interests in joint venturesMerseyrail Services Holding Company Ltd and Northern Rail Holdings LtdThe Merseyrail concession and the Northern Rail concession are carried out under 50/50 joint arrangements with Serco, a listed British company. NS and Serco have joint control, each with a 50% financial interest in the holding entities. The concessions are held by independent entities in which the holding company has a 100% interest. The results of the holding companies are distributed 50-50 to NS and Serco.Property fundsThe Group has direct and indirect interests in the following limited partnerships: Percentage holdingRegistered officeStationslocaties OG CV55.8UtrechtBasisfonds Stationslocaties CV50.9UtrechtThe parties with a participating interest in the limited partnerships have raised a joint equity stake that is invested in property at shared costs and risks. The Group is also the controlling partner, investing and managing the equity at the shared costs and risks of the partners, with the managing partner being jointly and severally liable for the debts of the limited partners. The interests in the property funds are classified as joint ventures.In 2016, the Basisfonds Stationslocaties C.V. sold the office portfolio for an amount of € 455 million (100%). This has led to a result of € 117 million for NS. Furthermore, € 212 million of capital was refunded from the property fund.As regards the investments that have been recognised according to the equity method, there are no material contingent assets and/or liabilities. As regards the valuation of the interests in the joint ventures, there are no significant estimates or assessments.Pursuant to Sections 379 and 414 of Book 2 of the Dutch Civil Code, a complete list of the Group's subsidiaries, associates and joint ventures has been filed with the office of the Trade Register in Utrecht.