FFP_REGISTRATION_DOCUMENT_2017
FINANCIAL STATEMENTS
Consolidated financial statements
Information by asset type and geographical zone Non-current, non-consolidated financial assets break down as follows (including subscription commitments):
31/12/2017
31/12/2016
(in thousands euros) Listed securities Equities - Europe Unlisted securities Equities - Europe Private equity - Europe Private equity - Africa Private equity - Americas
3,174,949
2,631,558
328,341 156,112 132,555 101,861 100,410
159,002 263,767 238,221 146,844 115,340
Private equity - Asia
Other non-current financial assets
571
5,399
CARRYING AMOUNT AT 31 DECEMBER
4,098,694
3,456,236
Price sensitivity
31/12/2017
31/12/2016
Carrying amount
Carrying amount
Low
High
Low
High
(in thousands euros)
Available-for-sale securities Investments in non-consolidated companies Listed securities
3,213,934 2,571,147 3,856,721 2,617,775 2,094,220 3,141,330
Unlisted securities
127,479 745,210 12,071
108,848 662,565 12,071
146,070 827,855 12,071
349,596 485,239
297,725 432,095
401,468 538,383
Portfolio Investment Securities Other non-current financial assets
5 .1
3,626
3,626
3,626
TOTAL
4,098,694 3,354,631 4,842,717 3,456,236 2,827,666 4,084,807
The sensitivity of unlisted equity securities was assessed for each individual investment based on specific valuation criteria: O for companies valued on the basis of discounted cash flows, sensitivity was calculated on the basis of a 15% change; O for companies valued by comparing multiples, sensitivity was calculated on the basis of a 20% change in peer-group multiples.
For listed securities and Portfolio Investment Securities, sensitivity was calculated on the basis of a 20% change in share prices or reported fund NAV.
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FFP
2017 REGISTRATION DOCUMENT
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