Annual Report 2023

12. Other financial investments

 

 

2023

 

2022

Listed equity investments

 

 

 

 

Andfjord Salmon AS

 

 

16

Total

 

 

16

Non-listed equity investments

 

 

 

 

Total

 

2

 

2

Total other financial investments

 

2

 

17

As mentioned in the previous note, in 2023 Jerónimo Martins – Agro-Alimentar, S.A. (JMA) increased its stake in Andfjord to 25.1%, meaning that the stake began to be measured in the consolidated financial statements in accordance with the equivalence method assets, no longer recognized in other financial investments.

Non-listed equity investments

The Group elected to classify irrevocably its non-listed equity investments under financial asset designated at fair value through OCI, as the Group considers these investments to be strategic in nature. When the equity instrument fair value cannot be reliably measured, it is recognized at cost.

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