Annual report 2014

4 Financial assets

Enlarge table
EUR million Financial assets
available for sale
Other securities Loans Total
Cost
As at 1 Jan. 2014 6 0 7 13
Foreign exchange rate adjustments 2 2
Additions to scope of consolidation 7 7
Additions 191 5 196
Changes in fair value -3 -3
Reclassifications 0
Disposals 26 26
As at 31 Dec. 2014 168 5 16 189
 
Accumulated depreciation
As at 1 Jan. 2014 0 0 0 0
Foreign exchange rate adjustments 0
Impairments 1 1
Reversals of impairment losses 0
Reclassifications 0
Disposals 0
As at 31 Dec. 2014 1 0 0 1
 
Net carrying amounts
As at 31 Dec. 2014 167 5 16 188
As at 1 Jan. 2014 6 0 7 13

The additions to financial assets available for sale in the financial year resulted from acquisitions of bonds in the Holding and other companies segment. The disposals during the financial year relate to the sale of respective bonds. The additions under other securities concern the acquisition of a promissory loan note in the Holding and other companies segment.

In the financial year, the additions to the scope of consolidation for loans include a non-current receivable from finance leases in the Holding and other companies segment. In the previous year, additions to this item were attributable essentially to the Celesio division as well as the compounding of two long-term receivables in the Holding and other companies segment. These receivables were disposed of during the previous year and were first written down pursuant to IAS 39.63 based on the future cash flows. The impairments were recognised in other net financial income.

Enlarge table
EUR million Financial assets
available for sale
Other securities Loans Total
Cost
As at 1 Jan. 2013 72 0 277 349
Foreign exchange rate adjustments -1 -1
Additions to scope of consolidation 0
Additions 2 36 38
Changes in fair value 1 1
Reclassifications -4 -4
Disposals 69 301 370
As at 31 Dec. 2013 6 0 7 13
 
Accumulated depreciation
As at 1 Jan. 2013 5 0 66 71
Foreign exchange rate adjustments 0
Impairments 4 4
Reversals of impairment losses 0
Reclassifications 0
Disposals 5 70 75
As at 31 Dec. 2013 0 0 0 0
 
Net carrying amounts
As at 31 Dec. 2013 6 0 7 13
As at 1 Jan. 2013 67 0 211 278

Of the disposals of non-current financial assets during the previous year, EUR 120 million reported under cost and EUR 11 million reported under accumulated depreciation resulted from the reclassification of the Celesio division’s assets as held for sale.