Annual Report 2006 – Financial Section - Quilvest
Annual Report 2006 – Financial Section - Quilvest
Annual Report 2006 – Financial Section - Quilvest
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Notes to the Consolidated <strong>Financial</strong> Statements (continued)<br />
10) Investments in Associates and non consolidated Affiliates<br />
The Group has the following investments in associates and non consolidated affiliates:<br />
in $ '000 Country Ownership Fair value Fair value<br />
interest (%) <strong>2006</strong> 2005<br />
TCR Capital S.A. France 0% - 503<br />
Three Cities Research Inc. US 0% - 409<br />
25 de Mayo Inmobiliaria S.A. Uruguay 33% - 40<br />
Fideas Capital France 34% 45 112<br />
<strong>Quilvest</strong> & Associés France 50% 887 384<br />
<strong>Quilvest</strong> Alternative Investment France 80% - 284<br />
<strong>Quilvest</strong> Assurances France 100% 10 10<br />
Gaspal Holding France 65% 540 -<br />
TCR Industrial Partners - C shares France - - 107<br />
Total 1,482 1,849<br />
The financial information on the associates and non consolidated affiliates at December <strong>2006</strong> is summarized as follows :<br />
in $ '000 Current Non-current Current Non-current<br />
assets assets liabilities liabilities<br />
Fideas Capital NA NA NA NA<br />
<strong>Quilvest</strong> & Associés 2,842 - (1,096) (1,746)<br />
Gaspal Holding 1,445 1,281 (1,046) (1,680)<br />
<strong>Quilvest</strong> Assurances 381 - (61) (320)<br />
Total 4,668 1,281 (2,203) (3,746)<br />
in $ '000 Revenues Expenses Net result<br />
Fideas Capital 388 (524) (136)<br />
<strong>Quilvest</strong> & Associés 3,751 (2,908) 843<br />
Gaspal Holding 2,224 (2,190) 34<br />
<strong>Quilvest</strong> Assurances 332 (36) 296<br />
Total 6,695 (5,658) 1,037<br />
”NA” means that financial information is not available at the date of this annual report.<br />
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