|
|
Investments in affiliated companies |
|
Investments in associates |
|
Other investments |
|
Securities |
|
Loans granted |
|
Advance payments |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross carrying amount |
|
19.2 |
|
149.8 |
|
57.0 |
|
80.0 |
|
17.8 |
|
0.2 |
|
324.0 |
Accumulated depreciation |
|
–7.1 |
|
–0.4 |
|
–2.2 |
|
–3.0 |
|
–1.4 |
|
0.0 |
|
–14.1 |
Carrying amount as of April 1, 2012 |
|
12.1 |
|
149.4 |
|
54.8 |
|
77.0 |
|
16.4 |
|
0.2 |
|
309.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross carrying amount |
|
18.6 |
|
158.5 |
|
57.1 |
|
19.6 |
|
28.8 |
|
0.0 |
|
282.6 |
Accumulated depreciation |
|
–7.2 |
|
–2.1 |
|
–4.8 |
|
–0.3 |
|
–2.6 |
|
0.0 |
|
–17.0 |
Carrying amount as of March 31, 2013 |
|
11.4 |
|
156.4 |
|
52.3 |
|
19.3 |
|
26.2 |
|
0.0 |
|
265.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross carrying amount |
|
17.5 |
|
133.8 |
|
56.8 |
|
6.9 |
|
28.0 |
|
0.0 |
|
243.0 |
Accumulated depreciation |
|
–7.1 |
|
–0.4 |
|
–7.9 |
|
–0.1 |
|
–3.0 |
|
0.0 |
|
–18.5 |
Carrying amount as of March 31, 2014 |
|
10.4 |
|
133.4 |
|
48.9 |
|
6.8 |
|
25.0 |
|
0.0 |
|
224.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
In millions of euros |
||
The following table shows a reconciliation of the carrying amounts of investments in associates and other financial assets for the periods presented in the consolidated financial statements as of March 31, 2014:
|
|
Investments in affiliated companies |
|
Investments in associates |
|
Other investments |
|
Securities |
|
Loans granted |
|
Advance payments |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Carrying amount as of April 1, 2012 |
|
12.1 |
|
149.4 |
|
54.8 |
|
77.0 |
|
16.4 |
|
0.2 |
|
309.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Changes in the scope of consolidated financial statements |
|
–0.1 |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.0 |
|
–0.1 |
Additions |
|
0.6 |
|
3.5 |
|
0.0 |
|
1.5 |
|
12.8 |
|
0.0 |
|
18.4 |
Transfers |
|
–0.2 |
|
0.0 |
|
0.0 |
|
–0.1 |
|
–0.4 |
|
–0.2 |
|
–0.9 |
Disposals |
|
–0.2 |
|
0.0 |
|
0.0 |
|
–59.4 |
|
–1.2 |
|
0.0 |
|
–60.8 |
Impairment |
|
–0.8 |
|
–1.7 |
|
–2.5 |
|
–0.1 |
|
–1.7 |
|
0.0 |
|
–6.8 |
Revaluation |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.4 |
|
0.4 |
|
0.0 |
|
0.8 |
Net exchange differences |
|
0.0 |
|
5.2 |
|
0.0 |
|
0.0 |
|
–0.1 |
|
0.0 |
|
5.1 |
Carrying amount as of March 31, 2013 |
|
11.4 |
|
156.4 |
|
52.3 |
|
19.3 |
|
26.2 |
|
0.0 |
|
265.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Changes in the scope of consolidated financial statements |
|
0.0 |
|
0.0 |
|
0.0 |
|
–12.4 |
|
0.0 |
|
0.0 |
|
–12.4 |
Additions |
|
0.2 |
|
0.0 |
|
0.1 |
|
0.3 |
|
2.7 |
|
0.0 |
|
3.3 |
Transfers |
|
–1.2 |
|
–16.0 |
|
–0.1 |
|
–0.1 |
|
–0.2 |
|
0.0 |
|
–17.6 |
Disposals |
|
0.0 |
|
–1.4 |
|
–0.3 |
|
–0.3 |
|
–3.2 |
|
0.0 |
|
–5.2 |
Impairment |
|
0.0 |
|
–1.8 |
|
–3.1 |
|
–0.2 |
|
–0.5 |
|
0.0 |
|
–5.6 |
Revaluation |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.2 |
|
0.0 |
|
0.0 |
|
0.2 |
Net exchange differences |
|
0.0 |
|
–3.8 |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.0 |
|
–3.8 |
Carrying amount as of March 31, 2014 |
|
10.4 |
|
133.4 |
|
48.9 |
|
6.8 |
|
25.0 |
|
0.0 |
|
224.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
In millions of euros |
||
Loans granted comprise the following items:
|
|
03/31/2012 |
|
03/31/2013 |
|
03/31/2014 |
|
|
|
|
|
|
|
Loans to affiliated companies |
|
1.1 |
|
0.9 |
|
0.9 |
Loans to associates |
|
0.0 |
|
0.0 |
|
0.0 |
Loans to other investments |
|
0.0 |
|
0.0 |
|
0.0 |
Other loans |
|
12.5 |
|
17.0 |
|
14.9 |
Other receivables from financing |
|
2.8 |
|
8.3 |
|
9.2 |
|
|
16.4 |
|
26.2 |
|
25.0 |
|
|
|
|
|
|
|
|
|
|
|
In millions of euros |
||
Other current investments include securities of the V54 fund of funds initially consolidated in the business year 2013/14 amounting to EUR 389.5 million (March 31, 2013: shares in the V54 fund EUR 385.1 million), and other securities amounting to EUR 24.2 million (March 31, 2013: EUR 28.2 million). As of March 31, 2013, another liquidity fund was included amounting to EUR 60.0 million.
VA Intertrading Aktiengesellschaft has also been recognized under other current financial investments (previously recognized according to the equity method) as the prerequisites for the application of IFRS 5 provisions have now been met; however, as these are immaterial and negligible, it is not appropriate to list them as a separate line item in the consolidated statement of financial position.
The fund assets of the V54 fund of funds, which represent a carrying amount of current securities amounting to EUR 39.0 million (March 31, 2013: EUR 57.5 million) in the consolidated financial statements, are pledged for investment loans granted by the European Investment Bank.
