Logotype

information of prudential relevance 2013

7.3. Book value of equity investments

Print this page

The accompanying table shows the book values of portfolios held for sale and those held for strategic purposes:

Table 42. Book value of equity investments

(Millions of euros)


Book value
Item Permanent investment portfolio (1) Available-for-sale financial assets Other financial assets with changes in P&L Total
31/12/12 6,795 3,965 2,076 12,836
31/12/13 4,722 5,968 1,750 12,439
(1) It includes shares in associates and jointly-controlled entities.

As shown in the above chart, there has been a decrease in the book value of the permanent investment portfolio and an increase in available-for-sale financial assets, due to the transfer of the Group’s remaining stake in China Citic to the available-for-sale portfolio.

The fair value of the permanent investment portfolio, calculated on the basis of the official trading price of the listed companies, was €877 million and €2,136 million below the book value as of December 31, 2013 and 2012, respectively.


Tools