financial fixed assets

Securities held on that basis are described in the 1992 regulations as 'financial fixed assets'.

Financial fixed assets of building societies are accounted for at maturity value, plus or minus any premium or discount on purchase, which is amortised systematically over the security's life.

Investments (including financial fixed assets and prior to the acquisition of Luvata RPD) amounted to € 116 million (€ 151 million in the prior year) in the reporting period and primarily consisted of investments in property, plant and equipment.