7. Investments accounted for using the equity method

Details are as follows:

  Carrying amount at 
€ million 9/30/2014 12/31/2013 Change
FCA Group 3,269.6 2,634.1 635.5
CNH Industrial Group 1,614.1 1,410.2 203.9
C&W Group 531.7 480.5 51.2
Almacantar Group 240.8 225.1 15.7
Juventus Football Club S.p.A. 9.0 34.1 (25.1)
Arenella Immobiliare S.r.l. 26.0 25.9 0.1
Total 5,691.2 4,809.9 881.3

The positive change in EXOR’s share of the investment in the FCA Group is mainly due to the increase in the equity attributable to owners of the parent of the FCA Group following the acquisition of the remaining 41.5% ownership interest in Chrysler from the VEBA Trust (€407.9 million), with the consequent reduction in the equity attributable to the non-controlling interests.

The positive change in EXOR’s share of the investment in the CNH Industrial Group is mainly due to the increase in the profit for the period (€162.2 million), the increase in the exchange differences on translating foreign operations (€153.2 million), partially compensated by the reduction in the cash flow hedge reserve
(-€39.8 million), and by dividends paid (-€77.1 million).

Commercial Register No.64236277 Legal notes | Credits