Consolidated Financial Statements of the F.I.L.A. Group
Separate Financial Statements of F.I.L.A. S.p.A.
193
Note 4 - Investments Measured at Cost
“Investments Measured at Cost” at December 31, 2016 amount to Euro 285,386 thousand (Euro
108,705 thousand at
December 31, 2015). The movements in the year are shown below:
Euro thousands
Total_Amount_Prior_Year_Balance'>Investments in
Subsidiaries
Inv. in Associates
Investments in Other
Companies
Total Amount
Prior Year Balance
108,675
28
2
108,705
Increases in the year
176,681
-
-
176,681
Decreases in the year
-
-
-
-
Current Year Balance
285,356
28
2
285,386
Change in year
176,681
-
-
176,681
Note 4.A - INVESTMENTS MEASURED AT COST
The increase in the year totalling Euro 176,681 thousand relates to investments held in subsidiaries
following the acquisitions in the year.
Investments in subsidiaries at December 31, 2016 and the changes in the year are illustrated in the
table below:
Euro thousands
December 31, 2015
Increases
Decreases
December 31, 2016
F.I.L.A. Hispania S.L.(Spain)
90
-
-
90
Omyacolor S.A.(France)
2,506
-
-
2,506
Dixon Ticonderoga Co.(U.S.A.)
30,541
-
-
30,541
F.I.L.A. Chile Ltda (Chile)
62
-
-
62
Lyra Bleistift-Fabrik GmbH & Co. KG(Germany)
12,454
-
-
12,454
FILA Stationary and Office Equipment Industry Ltd. Co. (Turkey)
1,299
-
-
1,299
Licyn Mercantil Industrial Ltda (Brazil)
3,347
-
-
3,347
FILA Stationery O.O.O. (Russia)
95
-
-
95
Industria Maimeri S.p.A.(Italy)
946
-
-
946
FILA Cartorama S.A. (Pty) Ltd. (South Africa)
1
-
-
1
FILA Hellas S.A. (Greece)
12
-
-
12
FILA Australia PTY LTD (Australia)
1
-
-
1
Fila Polska Sp. Z.o.o (Poland)
44
-
-
44
Writefine Private Product Limited (India)
57,277
-
-
57,277
Renoir Topco Limited (United Kingdom)
-
108,921
-
108,921
St. Cuthberts Holding Limited (United Kingdom)
-
6,727
-
6,727
Canson SAS (France)
-
30,517
-
30,517
Lodi 12 SAS (France)
-
15,258
-
15,258
Eurholdham USA Inc. (U.S.A.)
-
15,197
-
15,197
Canson Brasil Industria Papeis Especiais Ltda (Brazil)
-
61
-
61
Total
108,675
176,681
-
285,356
Note 4.B - INVESTMENTS IN SUBSIDIARIES
On February 3, 2016, F.I.L.A. S.p.A. acquired 100% of the entire share capital - comprising “ordinary
shares” and “preference shares” - of Renoir TopCo Ltd, the holding company of the Daler-Rowney
Lukas Group, from the funds managed by Electra Partners LLP and the management team of Daler-