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

Details are as follows:

  3/31/2013 12/31/2012  
€ million
% Carrying amount %   Carrying amount Change
SGS S.A.  15,00 2.240,0 15,00   1.969,3 270,7
Gruppo Banca Leonardo S.p.A. 17,40 75,0 17,40   75,0 0,0
Sequana S.A. Group 18,74 29,2 18,74   38,6 (9,4)
Banijay Holding S.A.S. 17,09 37,8 17,09   37,8 0,0
The Economist Newspaper Ltd 4,72 35,5 4,72   35,5 0,0
NoCo A L.P. 2,00 16,8 2,00 (a) 16,5 0,3
Alpitour S.p.A. 9,85 10,0 9,85   10,0 0,0
Other   55,0     53,6 1,4
Total   2.499,3     2.236,3 263,0
(a) Percentage ownership interest in the limited partnership, measured at cost.

The increase in the investment in SGS amounting to €270.7 million is attributable to the fair value adjustment at March 31, 2013. The trading price per SGS share at March 28, 2013 was CHF 2,328, equal to €1,908.98 at the period-end exchange rate of 1.2195. The original carrying amount of the investment in SGS is €469.7 million; at March 31, 2013 the net positive fair value adjustment recognized in equity amounts to €1,770.3 million.

The decrease in the investment in Sequana, equal to €9.4 million, is attributable to the fair value adjustment at March 31, 2013 based on the per share trading price at March 28, 2013 (€6.24 per share). At March 31, 2013 the net negative fair value adjustment recognized in equity amounts to €18.8 million.

Commercial Register No.64236277 Note legali | Credits