1 Share of the profit (loss) of investments accounted for using the equity method

The share of the profit of investments accounted for using the equity method in the first half of 2017 amounts to €852 million, with an increase of €399.9 million on the profit recorded in the first half of 2016 (€452.1 million). The positive change reflects in particular the strong performance of FCA, that realized an increase in its result of €999 million (EXOR share of profit up €293.5 million).

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(a) The profit refers to the period March 18, to June 30, 2016.
(b) Includes consolidation adjustments.
(c) The loss of CNH Industrial included the charge of approximately $502 million (€450 million) in relation to an investigation conducted by the European Commission. EXOR had already recognized its share of the charge, for €122.8 million, in the financial statements at December 31, 2015, since these developments occurred before the approval of its financial statements. Therefore, in the first half 2016, EXOR’s share of CNH Industrial’s loss was adjusted by eliminating such charge recognized by the subsidiary. CNH Industrial’s loss for 2016 also included a further charge of $49 million as a result of closing the settlement with the European Commission (EXOR’s share is approximately €12 million).
(d) The profit refers to the period October 1 to March 31, including consolidation adjustments only related to the prior year result.
(e) The loss referred to the period January 1, 2016 to March 31, 2016, before the sale to PartnerRe.

 

For comments on the performance of the principal operating subsidiaries and associates, please refer to the following sections.

Commercial Register No.64236277 Legal notes | Credits