| not-included | AUGUST 31, 2024 | AUGUST 31, 2023 | ||
|---|---|---|---|---|
| (in million euros) | CURRENT | NON-CURRENT | CURRENT | NON-CURRENT |
| Investments in non-consolidated companies | — | 198 | — | 925 |
| Receivables from investees | — | 75 | — | 66 |
| Gross Value | — | 75 | — | 66 |
| Impairment | — | — | — | — |
| Loans and deposits | 60 | 84 | 69 | 78 |
| Gross Value | 60 | 113 | 69 | 103 |
| Impairment | — | (29) | — | (25) |
| Derivative financial instruments | 1 | 1 | 5 | 2 |
| FINANCIAL ASSETS | 61 | 358 | 74 | 1 071 |
| Gross Value | 61 | 387 | 74 | 1 094 |
| Impairment | — | (29) | — | (25) |
On August 23, 2024, the Group sold Sofinsod, a wholly-owned subsidiary to Bellon SA for an amount of 918 million euros. At that time, Sofinsod held 19,6% of the shares of Bellon SA, valued at 751 million euros at half year end 2024. In accordance with IFRS 9, this financial asset, measured at the fair value through other comprehensive income as from September 1, 2018, was revalued at the time of the disposal to reflect its market value corresponding to the sale price of Sofinsod.
As part of the disposal of its global Childcare activities in France and Spain, on March 11, 2022, the Group acquired a minority stake of 19% in the capital of The Grandir Group (recognized as a non- consolidated investment) and convertible bonds into shares. The carrying value of these assets is estimated at 154 million euros as of August 31, 2024 (147 million euros as of August 31, 2023). These financial assets are, in accordance with IFRS 9, measured at fair value respectively through other comprehensive income (non-recyclable) and through profit or loss (financial).
The method used for determining the fair value of this investment is described in note 12.6 “Financial instruments”.
