Financial assets
What the company holds in other companies and means to keep: shares, participating interests, loans and securities.
Financial assets covers shares in affiliated undertakings, participating interests, amounts owed by those undertakings, securities held as fixed assets, and loans. These are held for the long term, unlike the securities in current assets, which are bought to be sold.
This is the line that describes Luxembourg better than any other. Close to one company in three holds more financial assets than everything else on its balance sheet combined: these are holding companies, investment vehicles, ownership structures. For them the balance sheet is the business, and a ranking by turnover describes nothing.
The balance sheet publishes the amount, never the counterparty. It says a company holds €50m of participating interests; it does not say in what. The names of the undertakings held are not in the structured accounting data.
Financial assets in figures
The ranking fills up as companies with published reports arrive.
Where this figure comes from
Read from the “Financial assets” line of the balance sheet filed with the Centrale des Bilans.