8. Investments accounted for using the equity method

Details are as follows:

  Carrying amount at
 
€ million
9/30/2015
12/31/2014
Change
FCA 4,260.2 4,077.6 182.6
CNH Industrial  1,595.1 1,615.8 (20.7)
Almacantar  401.0 281.8 119.2
Juventus Football Club  39.2 22.7 16.5
Arenella Immobiliare  26.3 26.1 0.2
C&W Group (a) 0.0 572.8 (572.8)
Total 6,321.8 6,596.8 (275.0)
(a) Sold on September 1, 2015.

The positive change in EXOR’s share of the investment in FCA is primarily attributable to the increase in exchange differences on translating foreign operations (€167.1 million) and the profit for the period before consolidation adjustments (€26.8 million).

The negative change in EXOR’s share of the investment in CNH Industrial is primarily attributable to the dividends distributed (€71.4 million) and the reduction in the exchange differences on translating foreign operations (€6.5 million), which are partially compensated by the profit for the period before consolidation adjustments (€24.1 million), and the increase in the cash flow hedge reserve (€35.4 million).

The positive change in EXOR’s share of the investment in Almacantar is principally attributable to the capital increase carried out in June and July 2015 (a total of €108.6 million) and the increase in differences on translating foreign operations (€13.8 million).

Commercial Register No.64236277 Legal notes | Credits