48. Gains (losses) on derecognized assets not classified as non-current assets held for sale
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The breakdown of the balance under this heading in the accompanying consolidated income statements is as follows:
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| Gains and Losses on Derecognized Assets Not Classified as Non-current Assets Held for Sale | Millions of euros | ||
|---|---|---|---|
| 2015 | 2014 | 2013 | |
| Gains |
|
|
|
| Disposal of investments in subsidiaries | 23 | 28 | 67 |
| Disposal of tangible assets and other | 71 | 38 | 637 |
| Losses: |
|
|
|
| Disposal of investments in subsidiaries (Note 3) | (2,222) | - | (2,601) |
| Disposal of tangible assets and other | (7) | (20) | (18) |
| Total | (2,135) | 46 | (1,915) |
During 2015, the heading “Losses – Disposal of investments in subsidiaries” included, mainly, the fair value measurement of its previously acquired stake in Garanti because of the change in the consolidation method (see Note 3).
During 2013, the heading “Losses - Disposal of investments in subsidiaries” included, mainly, the realized losses for the sale of the stake in CNCB. The heading “Gains - Disposal of tangible assets and other” included the realized gains of the reinsurance agreement that has been registered with the reinsurance entity Scor Global Life.