14.c.      GAINS FROM TRADING SECURITIES

 

The breakdown of “Gains from trading securities” is the following:

 

(in thousands of  euro)

2010

2009

Shares and options - subsidiaries

3,868

76,735

Shares and options - associates

146

--

Shares and options - other companies

1,776

7

Other securities and other gains

36,380

74,776

Total

42,170

151,518

 

The item “Shares and options - subsidiaries” refers mainly to the capital gain realized, in the Espreso group, on the sale of the subsidiary Rotosud. The amount for last year referred to the subscription of capital increases in the company Sorgenia Holding.