269
With a balance of Euro 1,728,516 thousand at 31 December 2013, these investments report the following movements over the year:
The change of Euro 67,538 thousand in the value of
Investments in subsidiaries is attributable to the following
transactions:
• on 17 September 2013, the share capital of the subsidiary
Prysmian Treasury S.r.l. was increased by Euro 25,757
thousand;
• on 27 September 2013, a capital contribution of Euro
40,000 thousand was paid to the subsidiary Fibre Ottiche
Sud – F.O.S. S.r.l;
• increases totalling Euro 1,781 thousand for the pay-
related component of stock option plans, with underlying
Prysmian S.p.A. shares, benefiting employees of other
Group companies to which no costs are recharged; see Note
3.
INVESTMENTS IN SUBSIDIARIES
17. Personnel costs for more details. This component has
been treated like a capital contribution and so reported
as an increase in the value of the investments in the
subsidiaries in which the plan beneficiaries are directly or
indirectly employees. These increases are matched by a
corresponding movement in the specific equity reserve.
Further information can be found in Note 9. Share capital
and reserves.
The Company reviews the carrying amounts of its
investments in accordance with the policy set out in Section
B. Accounting policies. In particular, such impairment testing
has not revealed any impairment losses in respect of its
investments.
(in thousands of Euro)
31 December 2012
Capital
Capital 31 December 2013
contributions contributions
for stock options
Prysmian Cavi e Sistemi S.r.l.
277,522
-
1,000
278,522
Draka Holding N.V.
1,216,482
-
472
1,216,954
Prysmian Cavi e Sistemi Italia S.r.l.
48,955
-
204
49,159
Prysmian PowerLink S.r.l.
63,481
-
105
63,586
Fibre Ottiche Sud - F.O.S. S.r.l.
40,383
40,000
-
80,383
Prysmian Treasury S.r.l.
12,000
25,757
-
37,757
Prysmian Kabel Und Systeme GmbH
2,154
-
-
2,154
Prysmian Kablo SRO
1
-
-
1
Prysmian Pension Scheme Trustee L.
-
-
-
-
Jaguar Communication Consultancy Services Private Ltd.
-
-
-
-
Prysmian Surflex Umbilicais e Tubos Flexiveis do Brasil Ltda
-
-
-
-
Total investments in subsidiaries
1,660,978
65,757
1,781
1,728,516
