Merck 2010 Annual Report Download - page 176
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EUR million
Investments in Securities
Total
available-for-sale
affiliates
available-for-sale
companies
available-for-sale
financial
investments
financial
investments
held to maturity
Loans and other
non-current
financial assets
Book value January 1, 2009 45.6 25.5 0.9 10.1 15.3 97.4
Currency translation – – –0.1 0.1 –
Changes in scope of
consolidation – –34.3 – – – –34.3
Additions 9.6 35.6 1.1 – 4.3 50.6
Impairment losses –1.9 – –0.7 – –2.6
Disposals – –4.2 –0.2 –10.1 –3.7 –18.2
Fair value adjustments of long-
term investments taken directly
to equity 25.5 – – – – 25.5
Transfers 0.6 –0.6 – – – –
Book value
December 31, 2009 79.4 22.0 1.0 – 16.0 118.4
Book value January 1, 2010
Currency translation – – – – 0.2 0.2
Changes in scope of
consolidation – –4,419.8 – – – –4,419.8
Additions 9.2 4,628.0 6.8 22.4 4,666.4
Impairment losses – – – – – –
Disposals –15.2 –201.7 –0.3 – –4.1 –221.3
Fair value adjustments of long-
term investments taken directly
to equity –13.6 – – – – –13.6
Transfers 1.1 –1.1 – – – –
Book value
December 31, 2010 60.9 27.4 7.5 – 34.5 130.3
As of December 31, 2010, non-current financial assets available-for-sale (investments) with a book
value of EUR 57.2 million (2009: EUR 48.2 million) were carried at cost since fair value could not be
reliably determined.
The changes in the scope of consolidation include additions of EUR 192.8 million (2009: 0.5 million)
and disposals of EUR 4,612.6 million (2009: EUR 34.8 million). Additions to the scope of consolidation
are due almost exclusively to the divestment and deconsolidation of Théramex. The disposals relate in
particular to the acquisition and the first-time consolidation of Millipore. A detailed presentation of
this item can be found under “Scope of consoldiatoin – Acquisition of Mllipore”.
172 Merck Annual Report 2010