RUBIS - 2019 Universal Registration Document
8 FINANCIAL STATEMENTS - 2019 separate financial statements, notes and other information
Note 3. Notes relating to selected balance sheet items
3.1 FINANCIAL ASSETS
Net value as of 12/31/2019
Net value as of 12/31/2018
(in thousands of euros)
Equity interests
1,010,102
1,010,092
Impairment of securities TOTAL
1,010,102
1,010,092
3.2 OTHER FINANCIAL ASSETS
Other financial assets mainly comprise treasury shares. The Shareholders’ Meeting authorizes the Board of Management annually, with the option to delegate such powers, to buy back the Company’s own shares in order to
increase the liquidity or market activity of Rubis shares as part of a liquidity contract, in compliance with the Association Française des Entreprises d’Investissement (French Association of Investment Companies) Code of Ethics.
As of December 31, 2019, Rubis held 21,238 Rubis shares for a purchase price of €1,109 thousand. No impairment has been recognized. Changes during the year were as follows:
Gross value as of 12/31/2019
Gross value as of 12/31/2018
Acquisitions
Disposal
(in thousands of euros)
Treasury shares
1,676 1,676
15,305 15,305
(15,872) (15,872)
1,109 1,109
TOTAL
3.3 INVESTMENT SECURITIES PORTFOLIO
As of December 31, 2019, the investment securities portfolio had a gross value of €138,863 thousand, and a net value of €138,859 thousand.
Gross value as of 12/31/2019 Impairment
Net value as of 12/31/2019
Market value as of 12/31/2019 (1)
Net value as of 12/31/2018
(in thousands of euros)
Sicav
22,266 114,776
(1) (3)
22,265 114,773
22,529 116,633
21,430 113,082
Other funds
Interest receivable on other funds
1,821
1,821
1,821
896
TOTAL
138,863
(4)
138,859
140,983
135,408
(1) Provisional market value as of December 31, 2019.
3.4 RECEIVABLES O t h e r r e c e i v a b l e s , amo u n t i n g t o €539,318 thousand, are all due in less than one year and break down as follows: • €529,922 thousand in intra-group receivables;
• €9,325 thousand in receivables from the French Treasury. This item notably includes a tax payment of €4,903 thousand, which Rubis SCA expects to be refunded by the tax authorities, €2,503 thousand in
receivables related to the tax consolidation and €1,719 thousand relating to the VAT credit to be carried back to December 31, 2019; • €71 thousand in miscellaneous receivables.
274 i Rubis 2019 Universal Registration Document
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