The equity holdings in subsidiaries corresponds to investments in the acquisition of shareholdings in the companies listed in note 24.
|
|
2024 |
|
2023 |
|---|---|---|---|---|
Net value as at 1 January |
|
666,133 |
|
666,038 |
Increases |
|
1,750 |
|
100 |
Decreases |
|
– |
|
(5) |
Adjustments for impairment losses (note 20.2) |
|
(18) |
|
– |
Net value as at 31 December |
|
667,865 |
|
666,133 |
During 2024 JMH acquired 70% of the capital of Larantigo – Sociedade de Construções, S.A. paying the amount of €1,750 thousand.
As mentioned in note 20.2, JMH conducted impairment tests on its investments in subsidiaries (including loans to subsidiaries). As a result of those tests, JMH recognized in 2024 an adjustment for impairment losses on financial investments in the subsidiary Origins – Agro Business Investments B.V. in the amount of €18 thousand.
In August 2023, JMH entered the share capital of Jeronimo Martins Slovensko, s. r. o., with a 10% stake.
In November 2023, the Company Friedman – Sociedade de Investimentos Mobiliários e Imobiliários, Lda. was dissolved and liquidated, having that operation generated a loss of €39 thousand.