At June 30, 2017 EXOR’s NAV is $17,211 million, an increase of $2,569 million (+17.5%) compared to $14,642 million at December 31, 2016. NAV per share amounts to US$71.41 equal to €62.58 at June 30, 2017 (US$60.75, equal to €57.63 at December 31, 2016).

The composition and change in NAV are the following:

US$ million 06/30/2017 12/31/2016 Change 
      Amount %
Investments 20,683 17,683 3,000 +17.0%
Financial investments 5 382 (377) -98.7%
Cash, cash equivalents and financial assets 106 215 (109) -50.8%
Treasury stock 207 187 20 +10.9%
Gross Asset Value 21,001 18,467 2,534 +13.7%
Gross Debt (3,790) (3,825) 35 -0.9%
Net Asset Value (NAV) 17,211 14,642 2,569 +17.5%

The decrease in financial investments is due to the redemption of The Black Ant Value Fund.

The conversion into Euro of the NAV presented in US dollars, at the exchange rates of the respective years is the following:

€ million  6/30/2017 12/31/2016 
Investments  18,124 16,775
Financial investments  4 362
Cash and cash equivalents and financial asset  93 205
Treasury stock  182 177
Gross Asset Value  18,403 17,519
Gross Debt  (3,322) (3,629)
Net Asset Value (NAV)  15,081 13,890
US $ million6/30/201712/31/2016Change
 

Amount%
Capital issued and reserves attributable to owners of the parent  10,814  10,982  (168) -1.53%

 

NAV is also presented with the aim of aiding financial analysts and investors in forming their own assessments.

The following pie chart shows the composition of Gross Asset Value at June 30, 2017 ($21,001 million).

“Other investments” include the investments in Welltec and Banca Leonardo, in addition to minor sundry investments.

 

NAV

 

 

Change in NAV per share compared to the MSCI World Index in U.S. dollars

NAV per share compared to the MSCI World Index

Commercial Register No.64236277 Legal notes | Credits