6. Other non-current financial assets – Investments measured at fair value

These are available-for-sale investments. Details are as follows:

  3.31.2014   12.31.2013    
€ million %   Carrying amount   %   Carrying amount   Change
Gruppo Banca Leonardo S.p.A. 17.37   76.0   17.37   76.0   0.0
Banijay Holding S.A.S. 17.09   37.0   17.09   37.0   0.0
The Economist Group 4.72   37.0   4.72   37.0   0.0
Sequana S.A. 17.38   29.3   17.38   24.8   4.5
NoCo A L.P. 2.00 (a) 16.0   2.00 (a) 16.0   0.0
Other     164.9 (b)     177.0 (b) (12.1)
Total     360.2       367.8   (7.6)
(a) Percentage ownership interest in the limited partnership, measured at cost. (b) Of which €161.4 million relates to listed investments (€173.5 million at December 31, 2013).

On April 10, 2014 Sequana announced to the financial markets the start of an operational and financial restructuring project which, among other, provides for an increase in share capital of €64 million.

The investment was aligned to fair value on the basis of the market share price on March 31, 2014 of €6.75 per share. At March 31, 2014 the negative adjustment to fair value recognized in equity amounts to €15.3 million. Any impairment loss will be evaluated in light of the trend of the share’s price and the impact on the price of the terms and manner of increasing capital which is not yet known to date.

Additional details on the share capital increase are provided under Significant events in the first quarter and subsequently.

 

Commercial Register No.64236277 Legal notes | Credits