The equity holdings in subsidiaries corresponds to investments in the acquisition of shareholdings in the companies listed in note 25.
|
|
2025 |
|
2024 |
|---|---|---|---|---|
Net value as at 1 January |
|
667,865 |
|
666,133 |
Increases |
|
– |
|
1,750 |
Adjustments for impairment losses (21.2) |
|
– |
|
(18) |
Net value as at 31 December |
|
667,865 |
|
667,865 |
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 21.2, 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.