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[45] Non-current financial assets 

XLS

 

 

 

€ million

Dec. 31, 2012

Dec. 31, 2011

Investments in available-for-sale affiliates

16.1

12.4

Investments in available-for-sale associates and other companies

27.3

22.1

Securities – available-for-sale financial investments

5.3

6.8

Securities – financial investments held to maturity

30.0

Loans and other non-current financial assets

18.4

19.0

 

97.1

60.3

Investments in affiliates, associates and other companies were classified as available for sale. Investments with a book value of € 41.8 million (2011: € 32.6 million) were carried at cost since their market value could not be reliably determined.

In 2012, impairment losses totaling € 5.1 million (2011: € 14.9 million) were recognized. Of this amount, € 5.0 million was recorded in the income statement as one-time items under “other operating expenses”.

Moreover, fair value adjustments of € –0.4 million (2011: € 2.5 million) were made on “available-for-sale financial assets“ and recognized in equity.

© Merck KGaA, Darmstadt, Germany, Last Update 2013/03/07