The movements in this item in 2018 and 2017 are summarised below:

The initial application of IAS 29 in Argentina gave rise to an increase in the value of minority interests of 7,093 thousand euros at 1 January 2018 and an effect of 548 thousand euros with a decrease in the value of minority interests in 2018.

The 2018 “Dividends paid to non-controlling interests” item reflects the dividends paid out in 2018 to the following companies: NH Marín, S.A. amounting to 300 thousand euros and various companies in Latin America amounting to 429 thousand euros.