National Asset Management Agency - Annual Report 2013

Group
2013
€'000
2012
€'000
Financial assets at fair value through profit or loss 6,373 -

Financial assets measured at fair value through profit or loss consists of:

  • a 20% interest in a partnership of €1.2m, held by NAJVAL. The interest was acquired by the Group as part of the consideration for the sale of certain loans. The Group is not able to exercise significant influence over the partnership, as the other 80% interest is held by one shareholder who controls the decision making of the partnership.
  • Units in a qualifying investment fund ("QIF"), valued at €5.13m. The units were acquired by the Group as consideration for the sale of certain property assets by NAMA to the fund.