Loans to Joint Ventures and Associates
Notes | 31 December 2022 | 31 December 2021 | |
|---|---|---|---|
Current portion of loans to joint ventures and associates | 7 | 9 | |
Non-current portion of loans to joint ventures and associates | 45 | 42 | |
Total | 52 | 51 |
The balance of loans to joint ventures and associates has remained stable compared with the year-ago period.
The maximum exposure to credit risk at the reporting date is the carrying amount of the loans to joint ventures and associates, taking into account the risk of recoverability. The Company does not hold any collateral as security.