Non-current assets (liabilities) held for sale

Non-current assets (liabilities) held for sale amounted as at June 30, 2015 to € 67.3 million. They include the net assets (liabilities) of the following units of the Group:

  • the divisions of Todini Costruzioni Generali S.p.A. (net assets held for sale), for a total amount of € 61.7 million (€ 73.8 million); and
  • net assets regarding the USW Campania Projects (net assets) for € 5.7 million, which have not changed respect to last year.

As at December 31, 2014, the entry being examined included, in addition to what has been mentioned above, an asset belonging to Co.Ge.Ma. S.p.A., a subsidiary, for a value equal to € 4.7 million, and whose transfer occurred during the first days of 2015.

The change in this entry compared with the previous year, largely reflects the classification of the divisions subject to corporate reorganization and the residual assets of the Todini Group under current assets, as well as the impairment losses reported by the Todini Group in relation to some projects that are being completed.