8.e.        SECURITIES

 

This item consists of the following categories of securities:

 

(in thousands of euro)

31.12.2010

31.12.2009

Italian Government securities or equivalent securities

10,233

4,010

Investments funds or similar funds

33,364

20,218

Bonds and notes

60,675

131,578

Certificates of deposit and miscellaneous securities

112,280

122,742

Total

216,552

278,548

 

The measurement at fair value of the item “Securities” involved a negative adjustment to the income statement of € 4.7 million.