CONSOLIDATED FINANCIAL STATEMENTS >
EXPLANATORY NOTES
180
| 2013 ANNUAL REPORT | PRYSMIAN GROUP
(in millions of Euro)
31 December 2013 31 December 2012
Opening balance
78
80
- Business combinations
-
-
- Currency translation differences
(17)
(10)
- Acquisition of securities
40
33
- Disposal of securities
(7)
(25)
Total movements
16
(2)
Closing balance
94
78
7.
FINANCIAL ASSETS HELD FOR TRADING
These are detailed as follows:
(in millions of Euro)
31 December 2013 31 December 2012
Listed securities (Brazilian Real area)
87
74
Unlisted securities
7
4
Total
94
78
Financial assets held for trading basically refer to units
in funds that mainly invest in short and medium-term
government securities. These assets are mostly held by
subsidiaries in Brazil and Argentina as a result of investing
temporarily available liquidity in such funds.
Movements in this balance are detailed as follows:
