Available for sale financial assets
(€ million) | 31.12.2012 | 31.12.2011 |
---|---|---|
Unquoted equities at cost | 308 | 318 |
Equities at fair value | 8,599 | 9,804 |
Quoted | 7,513 | 8,757 |
Unquoted | 1,086 | 1,047 |
Bonds | 190,349 | 152,657 |
Quoted | 185,173 | 147,576 |
Unquoted | 5,176 | 5,081 |
Investment fund units | 11,458 | 10,726 |
Other available for sale financial assets | 1,831 | 2,144 |
Total | 212,546 | 175,649 |
As already mentioned, the available for sale financial assets are measured at fair value and unrealized gains and losses on these assets are accounted for in shareholders’ equity in an appropriate reserve. The amortized cost of the available for sale financial assets amounted to € 200,301 million.
Net unrealised gains
(€ million) |
31.12.2012 |
Fair value | Unrealized gains / losses |
Amortized cost |
---|---|---|---|---|
Unquoted equities at cost | 308 | 0 | 308 | |
Equities at fair value | 8,599 | 969 | 7,630 | |
Bonds | 190,349 | 10,721 | 179,628 | |
Investment fund units | 11,458 | 412 | 11,046 | |
Other available for sale financial assets | 1,831 | 143 | 1,688 | |
Total | 212,546 | 12,245 | 200,301 |
This category accounted for 56.8% of the total investments. In particular, the available for sale bonds represented 78.1% of total bonds and they are mainly fixed interest rate government bonds, with a rating higher than A-. The maturity of this category is shown in the table below.
(€ million) |
Fair value 31/12/2012 |
Fair value 31/12/2011 |
---|---|---|
Up to 1 year | 12,534 | 9,552 |
Between 1 and 5 years | 40,809 | 37,288 |
Between 5 and 10 years | 63,266 | 57,455 |
More than 10 years | 73,632 | 48,247 |
Perpetual | 109 | 116 |
Total | 190,349 | 152,657 |
This category accounted for 56.8% of the total investments. In particular, the available for sale bonds represented 78.1% of total bonds and they are mainly fixed interest rate government bonds, with a rating higher than A-. The maturity of this category is shown in the table below.
Attachment | Size |
---|---|
AFS reserve breakdown | 66.53 KB |