EXOR GROUP – Consolidated Statement of Financial Position - shortened
| € million | Note | 6/30/2014 | 12/31/2013 | Change | ||
|---|---|---|---|---|---|---|
| Non-current assets | ||||||
| Investments accounted for using the equity method | 6 | 5,263.3 | 4,809.9 | 453.4 | ||
| Other financial assets: | ||||||
| - Investments measured at fair value | 7 | 328.5 | 367.8 | (39.3) | ||
| - Other investments | 8 | 574.5 | 572.9 | 1.6 | ||
| - Other financial assets | 0.6 | (a) | 10.9 | (a) | (10.3) | |
| Other property. plant and equipment and intangible assets | 0.2 | 0.2 | 0.0 | |||
| Total Non-current assets | 6,167.1 | 5,761.7 | 405.4 | |||
| Current assets | ||||||
| Financial assets and cash and cash equivalents | 10 | 2,520.0 | 2,488.0 | 32.0 | ||
| Tax receivables and other receivables | 7.2 | (b) | 7.5 | (b) | (0.3) | |
| Total Current assets | 2,527.2 | 2,495.5 | 31.7 | |||
| Total Assets | 8,694.3 | 8,257.2 | 437.1 | |||
| Capital issued and reserves attributable to owners of the parent | 9 | 7,397.9 | 6,947.4 | 450.5 | ||
| Non-current liabilities | ||||||
| Bonds and other financial debt | 10 | 1,203.7 | 1,199.9 | 3.8 | ||
| Provisions for employee benefits | 2.3 | 2.3 | 0.0 | |||
| Deferred tax liabilities. other liabilities and provisions |
1.6 | (c) | 7.3 | (c) | (5.7) | |
| Total Non-current liabilities | 1,207.6 | 1,209.5 | (1.9) | |||
| Current liabilities | ||||||
| Bonds. bank debt and other financial liabilities | 10 | 73.8 | 90.8 | (17.0) | ||
| Other payables and provisions | 15.0 | 9.5 | 5.5 | |||
| Total Current liabilities | 88.8 | 100.3 | (11.5) | |||
| Total Equity and Liabilities | 8,694.3 | 8,257.2 | 437.1 |
(a) At December 31, 2013 the balance included mainly the financial receivable due by EXOR from Alpitour for €10 million. This is the remaining balance of the Deferred Price on the sale of Alpitour (€15 million), inclusive of interest capitalized (€1.7 million) and net of expenses (€6.7 million) accounted for in 2012 and 2013 following the settlement of certain disputes that arose with the buyer in the period subsequent to acquisition and relating to events prior to the sale by EXOR. At June 30, 2014, following the agreement reached with Alpitour, EXOR fully waived the remaining Deferred Price of €10.4 million, inclusive of interest capitalized (€2.1 million), definitively closing all present and future disputes.
(b) Receivables from the tax authorities total €6.3 million (€6.1 million at December 31, 2013) and refer mainly to EXOR.
(c) The change is mainly due to the reversal of expenses set aside in provision accounts at December 31, 2013 (€2.9 million) after having reached the agreement between EXOR and Alpitour, which led to the definitive closing of all present and future disputes.
