7. Non-current other financial assets – Other investments

These are financial assets available-for-sale and held-to-maturity. Details are as follows:


The net decrease in The Black Ant Value Fund is due to the redemption of 128,606 shares, in accordance with the signed agreements and taking into account the positive performance recorded during 2015, for a total equivalent amount of €18.7 million and the negative fair value adjustment of €8.1 million. The redemption resulted in a net gain of €5.8 million from the realization of a part of the fair value reserve. At March 31, 2016 the fair value adjustment recognized in equity amounts to a positive €102.4 million.

The decrease in Other funds is mainly due to the negative fair value adjustment of the first quarter.

Commercial Register No.64236277 Legal notes | Credits