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7. Participating interests

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Amounts in thousands of EUR

2012

2011

 

 

 

Other participating interests

7,594

3,166

 

 

 

The participating interest can be specified as follows:

The interest in the New Resource Bank, San Francisco, Merkur Bank, Copenhagen, Cultura Bank, Oslo, GLS Gemeinschaftsbank eG, Bochum, Banca Popolare Etica Scpa, Padova, Ekobanken Medlemsbank, Järna and the Nederlandse Financieringsmaatschappij voor Ontwikkelingslanden N.V. (FMO), The Hague where no significant influence can be exercised. The value of these interests in the amount of EUR 7.3 million (2011: EUR 2.9 million) is based on the published share price. In absence of a public share price Triodos Bank estimate the fair value through the net asset value.

The interest in Social Enterprise Finance Australia Limited, Sydney where no significant influence can be exercised. The fair value of the interest in the Social Enterprise Finance Australia Limited can not be determined because it is a start up company. This interest in the amount of EUR 0.3 million (2011: EUR 0.3 million) is valued at cost.

The movement in this item is as follows:

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Amounts in thousands of EUR

2012

2011

 

 

 

Balance sheet value as at 1 January

3,166

2,623

Acquisitions

1,519

475

Increase of capital

2,919

133

Revaluation

142

–117

Repayment of capital

–1

Exchange rate results on foreign currencies

–151

52

 

 

 

 

 

 

Balance sheet value as at 31 December

7,594

3,166