ADJUSTMENTS TO FINANCIAL ASSETS

 

This item consists of the following:

 

(in thousands of euro)

2010

2009

Write-down of bonds

(1,550)

(802)

Write-down of investments in subsidiaries

--

(443)

Write-down of investments in other companies

--

--

Revaluation of bonds and notes

32

580

Revaluation of investments in subsidiaries

--

3,193

Revaluation of investment funds and similar funds

--

--

Total

(1,518)

2,528

 

The item revaluation of investments in subsidiaries for the year 2009 referred to a recovery of the value of the company CIGA Luxembourg after a surplus compared to its carrying value emerged following the repayment during that year of almost all of its capital.