Reconciliation with the IFRS financial statements The following table shows the reconciliation between the Net Asset Value (NAV)

€ milion06/30/201812/31/2017
Issued capital and reserves attributable to owners of the parent14,38712,210
Difference between the market value and the book value of the investments6,4384,861
Treasury stock and other160167
Net Asset Value (NAV)20,98517,238
Commercial Register No.64236277 Legal notes | Credits