Annual Report 2017

9. Share of Result of Associates and Joint Ventures

in thousands of EUR

2017

2016

Visilab S.A.

2,881

4,673

Reliance-Vision Express Private Ltd and Reliance-GrandVision India Supply Private Ltd

- 949

- 822

1,932

3,851

In October 2017, GrandVision increased its shareholding and obtained control of Visilab, which resulted in Visilab becoming a subsidiary of GrandVision. Refer to note 6 for more details. In 2017, the Group's share of result of Visilab mainly represents the amount until the acquisition date.