6. Other non-current financial assets – Investments measured at fair value

Details are as follows:

  31,03,2012 31,12,2011  
€ milioni %   Carrying amount %   Carrying amount Change
SGS S.A. 15.00   1,710.7 15.00   1,501.0 209.7
Banca Leonardo S.p.A. Group 17.40   105.2 17.40   105.2 0.0
Banijay Holding S.A.S. 17.09   40.1 17.09   40.1 0.0
The Economist Newspaper Ltd 4.72   31.9 4.72   31.9 0.0
BTG Pactual 0.26   22.5 0.26   22.5 0.0
NoCo A L.P. 2.00 (a) 16.3 2.00 (a) 16.7 (0.4)
Total     1,926.7     1,717.4 209.3
(a) Percentage stake in the limited partnership, measured at cost.

The increase in the investment in SGS, equal to €209.7 million, is attributable to the fair value adjustment at March 31, 2012. The trading price per SGS share at March 31, 2012 was CHF 1,756, equal to €1,457.9 at the period-end exchange rate of 1.2045. The original carrying amount of the investment in SGS was €469.7 million; at March 31, 2012 the net positive fair value adjustment recognized in equity amounts to €1,241 million.

Commercial Register No.64236277 Legal notes | Credits