Investments in financial fixed assets (shareholdings

for financial fixed assets carried at an amount in excess of their fair value

for financial fixed assets carried at an amount in excess of their fair value:

(ii) for financial fixed assets carried at an amount in excess of their fair value:

for financial fixed assets carried at an amount in excess of their fair value:

Risk management and evaluation of financial assets

Investments and other financial assets, net 61.9 62.6

Value adjustments in respect of financial assets and of investments held as current assets.

Non-financial assets and liabilities varied from the previous year.

(b)financial assets, as defined in IAS 32 Financial Instruments: Presentation;

Even fixed asset investments are declining, and credit costs are high.

In certain cases, the auditor may be able to obtain some audit evidence regarding opening balances through confirmation with third parties, for example, for long-term debt and investments.

The fluctuation in value of financial assets amounting to CHF 19.2 million also includes the as of yet unrealised gain on shares in PubliGroupe SA.

The financial assets: these are equity securities (for exerting influence over a company or to control), granted a loan to deposit payment.

Lower portfolio reversals of impairment on financial assets and impairment losses on individual items had a negative impact on the result.

This rise was essentially attributable to reversals of impairment on financial assets after impairment losses were incurred the previous year (effect: +9 million francs).

They decided that the resulting goodwill of the acquisition would be fully affected to the equity value of that company, in the section of financial capital assets.