17. Investments in unconsolidated subsidiaries and associates - 16,415 thousand euros

The ACEA Group’s investment portfolio amounts to 16,415 thousand euros, compared to 14,795 thousand euros at the end of 2011. It is broken down as follows.

€ thousand Historical cost Revaluations Impairments Movements/ Reclassifications Net value
Balances at 01 January 2012 162,812 44,466 (97,593) (94,890) 14,795
Movements in 2012:          
acquisitions 789     (30) 759
revaluations   1,234     1,234
impairments     (373)   (373)
Total movements in 2012 789 1,234 (373) (30) 1,620
Values at 31 December 2012 163,601 45,699 (97,965) (94,920) 16,415

The breakdown of movements during the period is as follows:

  • Revaluations: these refer essentially to the valuation according to the equity method of the investments in Agua de San Pedro (377 thousand euros), Sienergia Group (209 thousand euros), Umbria2 (125 thousand euros), Umbria Distribuzione Gas (101 thousand euros) and GEAL (28 thousand euros),
  • Acquisitions: these refer to payment of the share capital increase by Ecogena following the increase decided by Eur Power (775 thousand euros),
  • Impairments: these relate to the measurement, using the equity method, of investments in So.ge.a, Azga Nord and Eur Power, and the impairment of the investment in Marco Polo.