7. Altre attività finanziarie non correnti – Partecipazioni valutate al fair value

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

 6/30/201412/31/2013 
€ million %   Carrying amount   %   Carrying amount   Change
Banca Leonardo S.p.A. 17.37   71.2   17.37   76.0   (4.8)
The Economist Group 4.72   37.0   4.72   37.0   0.0
Banijay Holding S.A.S. 17.09   37.0   17.09   37.0   0.0
Sequana S.A. 17.36   17.7   17.38   24.8   (7.1)
NoCo A L.P. 2.00 (a) 16.1   2.00 (a) 16.0   0.1
Other     149.5 (b)     177.0 (b) (27.5)
Total     328.5       367.8   (39.3)
(a) Percentage ownership interest in the limited partnership, measured at cost. (b) Of which €144.5 million relates to listed investments (€173.5 million at December 31, 2013).

The decrease in the investment in Banca Leonardo is due to the reimbursement of reserves.

The investment in Sequana was reduced to fair value on the basis of the per share trading price at June 30, 2014, equal to €4.08 per share. The fair value reserve previously recognized in equity (negative for €19.8 million) was further increased by €7.1 million to adjust the investment in Sequana to the trading price at June 30, 2014 and subsequently reclassified to the income statement, as set out in IAS 39. In fact, the capital increase and the trend of the share price were considered determining factors in evaluating the existence of an impairment; consequently it was deemed necessary to correct the investment value for a total of €26.9 million.

Commercial Register No.64236277 Legal notes | Credits