196 348
Consolidated Financial Report |
EXPLANATORY NOTES
2014 Annual Report
Prysmian Group
196
10. ASSETS HELD FOR SALE
These are detailed as follows:
31 December 2014
31 December 2013 (*)
Land
7
6
Buildings
-
6
Total
7
12
(*) The previously published prior year consolidated financial statements have been restated following the adoption of IFRS 10 and IFRS 11. Further details can
be found in Section C. Restatement of comparative figures.
Movements in assets held for sale are detailed as follows:
31 December 2014
31 December 2013 (*)
Opening balance
12
4
- Disposals
(6)
(3)
- Reclassification
1
11
Total movements
(5)
8
Closing balance
7
12
(*) The previously published prior year consolidated financial statements have been restated following the adoption of IFRS 10 and IFRS 11. Further details can
be found in Section C. Restatement of comparative figures.
The change in assets held for sale refers to:
• Euro 3million for the sale of the Eschweiler site (Germany);
• Euro 3 million for the sale of the Derby site (Great Britain);
• Euro 1 million for the reclassification of part of the land on
the Nuremberg site (Germany) for which a sale contract
has already been signed.
Management expects the assets classified in this line item to
be sold within the next 12 months.
Assets held for sale are classified as Level 3 in the fair value
hierarchy.
(in millions of Euro)
(in millions of Euro)