6. Investments accounted for using the equity method

€ million 06/30/2018 12/31/2017
(As previously reported)
Adjustment
IFRS 15/ IFRS 9
1 January 2018 (as adjusted) Change
FCA 6,511.5  6,071.3  6.0  6,077.3  434.2
PartnerRe 5,732.2  5,639.4    5,639.4  92.8
Ferrari 240.6  206.1    206.1  34.5
CNH Industrial 1,573.4  1,492.9  (38.9) 1,454.0  119.4
Juventus Football Club 47.5  87.4    87.4  (39.9)
The Economist Group 301.1  294.4    294.4  6.7
Welltec 91.1  88.0    88.0  3.1
Total 14,497.4  13,879.5  (32.9) 13,846.6  650.8 

The positive change in EXOR’s investment in FCA (€434.2 million) is mainly attributable to EXOR’s share of the profit for the period (€509.8 million), partially offset by the negative translation exchange differences (€54.2 million).

The positive change in EXOR’s investment in PartnerRe is mainly due to the positive translation exchange differences (€127.3 million), partially offset by the payment of dividends (€39.5 million),

The positive change in EXOR’s investment in Ferrari is primarily due to the EXOR’s positive share of the result of €72.5 million, partially offset by the payment of dividends (€31.5 million) and the buy- back of treasury stock (€7 million).

The positive change in EXOR’s investment in CNH Industrial (€119.4 million) can be ascribed primarily to EXOR’s share of the profit for the period (€212.8 million), partially offset by the payment of dividends (€52.6 million), the negative translation exchange differences (€30.5 million) and the buy-back of treasury stock (€30 million).

 

Commercial Register No.64236277 Legal notes | Credits