Annual Report 2006 – Financial Section - Quilvest

Notes to the Consolidated Financial Statements (continued)
6.1) Financial assets designated at fair value through profit and loss
in $ '000 2006 2005
Debt securities 297 1,444
Equity securities 190,139 177,763
Third party funds 354,769 334,878
Convertible loans 5,831 7,421
Total 551,036 521,506
6.2) Financial assets at fair value through profit and loss - Trading
Derivative financial assets 1,443 6,478
6.3) Loans and receivables
Investment related loans 5,191 13,095
Total investments 557,670 541,079
6.1.1) Schedule of changes in investments designated at fair value through profit and loss in 2006
Equity, Debt securities Third party Total
and convertible loans funds
Fair value at opening balance 186,628 334,878 521,506
Additions 43,042 182,061 225,103
Disposals (65,425) (233,111) (298,536)
Changes in fair market value recognized in the income statement 27,129 68,831 95,960
Currency differences 4,893 2,110 7,003
Fair value at closing balance 196,267 354,769 551,036
The acquisitions of Private Equity investments generated a cash-outflow of USD 210,7 million and the disposals from these
investments a cash-inflow of USD 287 million, as stated in the corresponding lines of the consolidated cash-flow statement.
6.1.2) Schedule of changes in investments designated at fair value through profit and loss in 2005
Equity, Debt securities Third party Total
and convertible loans funds
Fair value at opening balance 149,488 302,859 452,347
Additions 43,605 98,980 142,585
Disposals (40,096) (119,632) (159,728)
Changes in fair market value recognized in the income statement 33,631 52,671 86,302
Fair value at closing balance 186,628 334,878 521,506
22