2019

2018

2017

(in € millions)

Currency translation

At January 1

(15

)

(7

)

(4

)

Currency translation

4

(6

)

(3

)

Gains reclassified to consolidated statement of operations

—

(2

)

—

At December 31

(11

)

(15

)

(7

)

Short term investments

At January 1

(4

)

(5

)

(4

)

Gains/(losses) on fair value that may be subsequently reclassified

   to consolidated statement of operations

7

(2

)

(2

)

Losses reclassified to consolidated statement of operations

—

2

1

Deferred tax

(2

)

1

—

At December 31

1

(4

)

(5

)

Long term investments

At January 1

561

(11

)

—

(Losses)/gains on fair value not to be subsequently reclassified

   to consolidated statement of operations

(149

)

720

(11

)

Deferred tax

32

(148

)

—

At December 31

444

561

(11

)

Cash flow hedges

At January 1

(1

)

—

—

(Losses)/gains on fair value that may be subsequently reclassified

   to consolidated statement of operations

(7

)

1

—

Losses/(gains) reclassified to revenue

10

(5

)

—

(Gains)/losses reclassified to cost of revenue

(7

)

3

—

Deferred tax

1

—

—

At December 31

(4

)

(1

)

—

Share-based payments

At January 1

334

200

130

Share-based payments (Note 18)

127

88

67

Income tax impact associated with share-based

   payments (Note 10)

26

48

3

Issuance of share-based payments in conjunction

   with business combinations (Note 5)

13

—

—

Restricted stock units withheld for employee taxes

(6

)

(2

)

—

At December 31

494

334

200

Other reserves at December 31

924

875

177