Exor S.A.
(100% of capital)
The highlights of the financial statements of EXOR S.A. for the year ended December 31, 2013, prepared under the laws of Luxembourg, are as follows:
€ million | 12/31/2013 | 12/31/2012 | Change |
---|---|---|---|
Profit (loss) for the year | 1,071.4 | (105.8) | 1,177.2 |
Equity | 3,082.8 | 2,031.4 | 1,051.4 |
Investments and non-current other financial assets | 3,544.9 | 2,171.1 | 1,373.8 |
Net financial position | (462.0) | (138.7) | (323.3) |
EXOR S.A. closed the year 2013 with a profit of €1,071.4 million compared to a loss of €105.8 million in 2012. The positive change of €1,177.2 million is mainly due to higher net gains realized in 2013 of €1,016 million (of which €987.5 million relates to the disposal of the entire investment in SGS), lower impairment charges recognized on investments and financial assets of €159.2 million and other net positive changes of €2 million.
Additional details on the disposal of SGS are provided under “Significant events in 2013”.
At December 31, 2013 investments and non-current other financial assets comprise the following:
|
12/31/2013 | ||||
---|---|---|---|---|---|
Number of shares | % of capital | Carrying amount | 12/31/2012 | Change | |
Exor Capital Ltd | 4,000,000 | 100 | 1,904.0 | 320.0 | 1,584.0 |
C&W Group Inc. | 511,015 | 68.46 | 405.0 | 405.0 | 0.0 |
EXOR N.V. | 450 | 100 | 300.0 | 0.0 | 300.0 |
Almacantar S.A. | 147,680,355 | 38.29 | 171.9 | 113.9 | 58.0 |
Gruppo Banca Leonardo S.p.A. | 45,459,968 | 17.37 | 73.6 | 76.8 | (3.2) |
Banijay Holding S.A.S. | 351,590 | 17.09 | 35.3 | 35.3 | 0.0 |
The Economist Group | 1,190,000 | 4.72 | 30.3 | 30.4 | (0.1) |
Sequana S.A. | 4,348,000 | 17.38 | 24.8 | 38.6 | (13.8) |
SGS S.A. | - | - | 0.0 | 1,016.3 | (1,016.3) |
Other | 135.1 | 38.6 | 96.5 | ||
Total investments | 3,080.0 | 2,074.9 | 1,005.1 | ||
Non-current other financial assets | 464.9 | 96.2 | 368.7 | ||
Total investments and non-current other financial assets | 3,544.9 | 2,171.1 | 1,373.8 |
- 2013 Annual Report
- Letter to Shareholders
- Group Profile
- NAV
- Key operating and financial data
- Dividends
- Significant events
- Economic/financial results
- Net financial position
- Corporate Governance
- Risks and uncertainties
- Review of performance by the main operating subsidiaries and associates
- Business outlook
- Review of the results of the separate financial statements
- BoD - Committees
- Contacts
- Interim Report - 9M 2013
- Half-Year Report H1 - 2013
- Interim Report - 3M 2013