6. Investments accounted for using the equity method

€ million 12/31/2018 12/31/2017
(as previously reported)
Adjustment
IFRS 15/
IFRS 9
1/1/2018
(as adjusted)
Change
(vs adjusted)
PartnerRe  5,719 5,639   5,639 80
FCA 7,154 6,071 6 6,077 1,077
Ferrari  342 206   206 136
CNH Industrial  1,722 1,493 (39) 1,454 268
Juventus Football Club  51 88   88 -37
The Economist Group 318 294   294 24
Welltec 87 88   88 -1
Total 15,393 13,879 (33) 13,846 1,547

The positive change in EXOR’s investment in PartnerRe is mainly due to the positive translation exchange differences (€201 million) and remeasurement of defined benefit plans reserve (€21 million), partially offset by EXOR’s share of the loss for the year (€105 million) and the payment of dividends (€41 million).

The positive change in EXOR’s investment in FCA (€1,077 million) is mainly attributable to EXOR’s share of the profit (€1,046 million) and the positive remeasurement of defined benefit plans reserve (€70 million).

The positive change in EXOR’s investment in Ferrari (€136 million) is primarily due to the EXOR’s positive share of the profit (€186 million), partially offset by the payment of dividends (€31 million) and the buy- back of treasury stock (€24 million).

The positive change in EXOR’s investment in CNH Industrial (€268 million) can be ascribed primarily to EXOR’s share of the profit (€314 million) and the positive remeasurement of defined benefit plans reserve (€34 million), partially offset by the payment of dividends (€51 million), the negative translation exchange differences (€24 million) and the buy-back of treasury stock (€36 million).

 

Commercial Register No.64236277 Legal notes | Credits