| AUGUST 31, 2025 | AUGUST 31, 2024 | |||
|---|---|---|---|---|
| (in millions of euros) | CURRENT | NON-CURRENT | CURRENT | NON-CURRENT |
| Investments in non-consolidated companies | — | 198 | — | 198 |
| Receivables from investees | — | 80 | — | 75 |
| Gross | — | 80 | — | 75 |
| Impairment | — | — | — | — |
| Loans and deposits | 45 | 101 | 60 | 84 |
| Gross | 45 | 128 | 60 | 113 |
| Impairment | — | (27) | — | (29) |
| Derivative financial instruments | — | 4 | 1 | 1 |
| TOTAL FINANCIAL ASSETS | 45 | 383 | 61 | 358 |
| Gross | 45 | 410 | 61 | 387 |
| Impairment | — | (27) | — | (29) |
As part of the disposal of its 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 an equity investment in a non-consolidated entity) and convertible bonds. The total carrying amount of these assets is estimated at 167 million euros as of August 31, 2025 (154 million euros as of August 31, 2024). In accordance with IFRS 9, these financial assets are 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 by category”.
| CHANGE IN FAIR VALUE | ||||||||
|---|---|---|---|---|---|---|---|---|
| CARRYING AMOUNT (in millions of euros) | AU AUGUST 31, 2024 | INCREASE/(DECREASE) DURING THE FISCAL YEAR | IMPAIRMENT | CHANGES IN SCOPE OF CONSOLIDATION | PROFIT OR LOSS | OCI | EXCHANGE DIFFERENCES AND OTHER | AUGUST 31, 2025 |
| Investments in non-consolidated companies | 198 | — | — | — | — | — | — | 198 |
| Receivables from investees | 75 | (3) | — | — | 8 | — | 80 | |
| Loans and deposits | 144 | (3) | — | 9 | — | — | (4) | 146 |
| FINANCIAL ASSETS EXCLUDING DERIVATIVE INSTRUMENTS | 417 | (6) | — | 9 | 8 | — | (4) | 424 |
| CHANGE IN FAIR VALUE | ||||||||
|---|---|---|---|---|---|---|---|---|
| CARRYING AMOUNT (in millions of euros) | AUGUST 31, 2023 | INCREASE/ (DECREASE) DURING THE FISCAL YEAR | IMPAIRMENT | CHANGES IN SCOPE OF CONSOLIDATION(2) | PROFIT OR LOSS | OCI(1) | EXCHANGE DIFFERENCES AND OTHER | AUGUST 31, 2024 |
| Investments in non-consolidated companies(2) | 925 | — | — | (922) | — | 193 | 2 | 198 |
| Receivables from investees | 69 | — | — | — | 6 | — | — | 75 |
| Loans and deposits | 144 | (3) | — | — | — | — | 3 | 144 |
| FINANCIAL ASSETS EXCLUDING DERIVATIVE INSTRUMENTS | 1,138 | (3) | — | (922) | 6 | 193 | 5 | 417 |
