207
These are detailed as follows:
Current assets include securities that mature within 12
months of the reporting date and securities that mature
beyond 12 months but which are expected to be sold in the
near term; non-current assets report the equity investments
treated as instrumental to the Group’s business.
The change of Euro 8 million reflects Euro 9 million for the
effects of deconsolidating the Indian company Ravin Cables
Limited and the related recognition of an equity investment
among the Group’s assets. For more information about
the deconsolidation, please refer to Section B.2 Basis of
consolidation.
4. AVAILABLE-FOR-SALE FINANCIAL ASSETS
Movements in available-for-sale financial assets are detailed as follows:
(in millions of Euro)
31 December 2012
31 December 2011
Non-current
14
6
Current
-
-
Total
14
6
(in millions of Euro)
31 December 2012
31 December 2011
Opening balance
6
145
- Business combinations
-
3
- Currency translation differences
-
1
- Fair value gains
-
1
- Fair value losses
-
-
- Acquisitions
-
-
- Disposals
-
(143)
- Recognition of investment following deconsolidation Ravin Cables Limited
9
-
- Release of equity reserve upon disposals and other movements
(1)
(1)
Total movements
8
(139)
Closing balance
14
6
