Investments in subsidiaries | Loans due from subsidiaries | Total | ||||
Balance January 1, 2016 | 1,669,910 | 53,270 | 1,723,180 | |||
Net result of subsidiaries | 134,178 | – | 134,178 | |||
Other comprehensive income investments | (1,344) | – | (1,344) | |||
Dividend received | (45,982) | – | (45,982) | |||
Capitalizations | 3,400 | – | 3,400 | |||
Dilution | 2,814 | – | 2,814 | |||
Foreign currency translation effect | 38,524 | 1,607 | 40,131 | |||
Balance December 31, 2016 | 1,801,500 | 54,877 | 1,856,377 | |||
Net result of subsidiaries | 453,309 | – | 453,309 | |||
Other comprehensive income investments | (2,844) | – | (2,844) | |||
Dividend received | (728,997) | – | (728,997) | |||
Capitalizations | 422 | – | 422 | |||
Disposal of investments | (80) | – | (80) | |||
Reclassification to current assets | – | (1,892) | (1,892) | |||
Dilution | 606 | – | 606 | |||
Foreign currency translation effect | (150,846) | (6,122) | (156,968) | |||
Balance December 31, 2017 | 1,373,070 | 46,863 | 1,419,933 |
Interest relates mainly to a subsidiary and is based on the Bank of America's prime rate with a rise of two percent points. The repayment schedule of the loan is as follows: 24 annual installments of US$2 million, starting December 31, 2018, followed by a final installment of US$5.3 million on December 31, 2043.