Exor S.A.

(100% of share capital)

 

The highlights of the financial statements of EXOR S.A. at December 31, 2012, prepared under the laws of Luxembourg, are as follows:

€ million 12/31/2012 12/31/2011 Change
(Loss) profit for the year (105,8) 59,2 (165,0)
Equity 2.031,4 2.137,2 (105,8)
Investments and other non-current financial assets 2.171,1 2.258,1 (87,0)
Net financial position (138,7) (118,8) (19,9)

The year 2012 closed with a loss of €105.8 million. The negative change of €165 million compared with the profit reported in the prior year (€59.2 million) is attributable to the adjustment of the investment in Sequana S.A. to market value at December 31, 2012 which generated an impairment loss of €165.9 million, lower dividends from investments of €12.9 million, higher net financial expenses of €11.6 million, all partially compensated by net positive other changes of €25.4 million.

At December 31, 2012, non-current financial assets include the following:

  Number of shares
12/31/2012    
 
% of capital Carrying amount 12/31/2011 Change
SGS S.A. 1.173.400 15 1.016,3 1.016,3 0,0
Exor Capital Ltd 4.000.000 100 320,0 234,0 86,0
C&W Group Inc. 511.015 69,19 405,0 405,0 0,0
Almacantar  S.A. 100.080.355 36,29 113,9 113,9 0,0
Gruppo Banca Leonardo S.p.A. 45.459.968 17,40 76,8 103,2 (26,4)
Sequana S.A. 4.685.844 18,74 38,6 190,3 (151,7)
Banijay Holding S.A.S. 351.590 17,09 35,3 35,3 0,0
The Economist Newspaper Ltd 1.190.000 4,72 30,4 30,3 0,1
Other     38,6 43,2 (4,6)
Total investments     2.074,9 2.171,5 (96,6)
Other non-current financial assets     96,2 86,6 9,6
Total investments and other non-current financial assets  2.171,12.258,1(87.0)

 

Commercial Register No.64236277 Legal notes | Credits