ANNUAL FINANCIAL REPORT 2010 2010 - TiGenix

9.1.5.11 Other financial assetsNon-current financial assetsShow below is the breakdown and the movements of thiscaption of balance sheets:Years ended December 31Thousands of Euro (€)Deposits and guaranteesShares ininvestment fundsTotalAt January 1, 2008 29 104 133Net gain on available-for-sale financial assets - 4 4At December 31, 2008 29 108 137Additions 391 72 463Net gain on available-for-sale financial assets - 2 2At December 31, 2009 420 182 602Additions 336 - 336Net gain on available-for-sale financial assets - 1 1Transfers to short-term (364) - (364)At December 31, 2010 392 183 575The “Deposits and guarantees” balance mainly includes theamounts delivered by Cellerix as security deposit to rentthe buildings in which it has its headquarters and carrieson its activities. Besides, this caption includes deposits in acurrent account with Banco Santander. These deposits werepledged to guarantee fulfilment of the requirements for theaward of grants obtained, the payment of which requires thepresentation of a guarantee equal to the amount of such asgrants. Given the normal timescale for proof of completion ofthe subsidised project, this deposit has been classified as longterm.The balance of “Shares in investment funds” account reflectsthe holding in a money market asset investment fund(Bankinter Dinero 3 FIAMM), which was acquired by Cellerix inDecember 2006 for €100k and in 2009 was increased by €72k.From its date of acquisition to the close of 2010, that holdinghas increased in value by €10k (€1k in 2010). The investment inthe fund is pledged as security for a bank guarantee deliveredto the lessor of the building where Cellerix carries on itsactivities.214 • TiGenix • Rights Offering