{
 "documentInfo": {
  "documentType": "https://xbrl.org/2021/xbrl-json",
  "features": {
   "xbrl:canonicalValues": true
  },
  "namespaces": {
   "ifrs-full": "https://xbrl.ifrs.org/taxonomy/2024-03-27/ifrs-full",
   "iso4217": "http://www.xbrl.org/2003/iso4217",
   "scheme": "http://standards.iso.org/iso/17442",
   "sofi": "http://www.sofinagroup.com",
   "xbrl": "https://xbrl.org/2021",
   "xbrli": "http://www.xbrl.org/2003/instance"
  },
  "taxonomy": [
   "http://www.sofinagroup.com/5493000GMVR38VUO5D39-2025-12-31.xsd"
  ]
 },
 "facts": {
  "fact-8": {
   "value": "10117735000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentAssets",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-9": {
   "value": "9848842000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentAssets",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-10": {
   "value": "7754000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Immobilisations",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-11": {
   "value": "8406000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Immobilisations",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-12": {
   "value": "10109981000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Portefeuilledinvestissement",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-13": {
   "value": "9840436000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Portefeuilledinvestissement",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-14": {
   "value": "10045097000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Placementsfinanciersnoncourantsevaluesaleurjustevaleurparlebiaisduresultatnet",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-15": {
   "value": "9778585000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Placementsfinanciersnoncourantsevaluesaleurjustevaleurparlebiaisduresultatnet",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-16": {
   "value": "64884000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Creancesfinancieresnonourantesaleurjustevaleurparlebiaisduresultatne",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-17": {
   "value": "61851000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Creancesfinancieresnonourantesaleurjustevaleurparlebiaisduresultatne",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-18": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DeferredTaxAssets",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-19": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DeferredTaxAssets",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-20": {
   "value": "2049307000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentAssets",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-21": {
   "value": "1309974000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentAssets",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-22": {
   "value": "1408038000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Depotscourantsetautresactifsfinancierscourants",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-23": {
   "value": "530469000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Depotscourantsetautresactifsfinancierscourants",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-24": {
   "value": "434247000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:TradeAndOtherCurrentReceivablesDueFromRelatedParties",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-25": {
   "value": "420957000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:TradeAndOtherCurrentReceivablesDueFromRelatedParties",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-26": {
   "value": "1539000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherCurrentAssets",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-27": {
   "value": "98000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherCurrentAssets",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-28": {
   "value": "106000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentTaxAssetsCurrent",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-29": {
   "value": "1069000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentTaxAssetsCurrent",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-30": {
   "value": "205377000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-31": {
   "value": "357381000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-32": {
   "value": "12167042000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Assets",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-33": {
   "value": "11158816000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Assets",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-34": {
   "value": "10842872000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-35": {
   "value": "10305038000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-36": {
   "value": "85430000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IssuedCapital",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-37": {
   "value": "79735000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IssuedCapital",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-38": {
   "value": "536816000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:SharePremium",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-39": {
   "value": "4420000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:SharePremium",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-40": {
   "value": "10220626000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Reserves",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-41": {
   "value": "10220883000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Reserves",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-42": {
   "value": "1294001000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentLiabilities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-43": {
   "value": "697702000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentLiabilities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-44": {
   "value": "458000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentProvisionsForEmployeeBenefits",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-45": {
   "value": "611000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentProvisionsForEmployeeBenefits",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-46": {
   "value": "105000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherLongtermProvisions",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-47": {
   "value": "17000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherLongtermProvisions",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-48": {
   "value": "1293438000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentFinancialLiabilities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-49": {
   "value": "697074000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentFinancialLiabilities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-50": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DeferredTaxLiabilities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-51": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DeferredTaxLiabilities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-52": {
   "value": "30169000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentLiabilities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-53": {
   "value": "156076000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentLiabilities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-54": {
   "value": "5271000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-55": {
   "value": "2268000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-56": {
   "value": "6105000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:TradeAndOtherCurrentPayablesToRelatedParties",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-57": {
   "value": "138535000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:TradeAndOtherCurrentPayablesToRelatedParties",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-58": {
   "value": "18793000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:TradeAndOtherCurrentPayables",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-59": {
   "value": "15273000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:TradeAndOtherCurrentPayables",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-60": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentTaxLiabilitiesCurrent",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-61": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentTaxLiabilitiesCurrent",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-62": {
   "value": "12167042000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:EquityAndLiabilities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-63": {
   "value": "11158816000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:EquityAndLiabilities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-64": {
   "value": "102580000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:RevenueFromDividends",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-65": {
   "value": "1032046000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:RevenueFromDividends",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-66": {
   "value": "17945000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:RevenueFromInterest",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-67": {
   "value": "22852000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:RevenueFromInterest",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-68": {
   "value": "11054000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:InterestExpense",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-69": {
   "value": "8795000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:InterestExpense",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-70": {
   "value": "50488000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:R\u00e9sultatnetduportefeuilledinvestissement",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-71": {
   "value": "356290000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:R\u00e9sultatnetduportefeuilledinvestissement",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-72": {
   "value": "47532000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:CapitalGainsLossesOnFinancialInvestmentsAtFairValueThroughProfitOrLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-73": {
   "value": "350351000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:CapitalGainsLossesOnFinancialInvestmentsAtFairValueThroughProfitOrLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-74": {
   "value": "319227000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:CapitalGainsOnFinancialInvestmentsAtFairValueThroughProfitOrLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-75": {
   "value": "928224000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:CapitalGainsOnFinancialInvestmentsAtFairValueThroughProfitOrLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-76": {
   "value": "271695000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:CapitalLossesOnFinancialInvestmentsAtFairValueThroughProfitOrLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-77": {
   "value": "577873000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:CapitalLossesOnFinancialInvestmentsAtFairValueThroughProfitOrLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-78": {
   "value": "2956000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:CapitalGainsLossesOnFinancialReceivablesAtFairValueThroughProfitOrLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-79": {
   "value": "5939000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:CapitalGainsLossesOnFinancialReceivablesAtFairValueThroughProfitOrLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-80": {
   "value": "2956000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:CapitalGainsOnFinancialReceivablesAtFairValueThroughProfitOrLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-81": {
   "value": "5939000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:CapitalGainsOnFinancialReceivablesAtFairValueThroughProfitOrLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-82": {
   "value": "-0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:CapitalLossesOnFinancialReceivablesAtFairValueThroughProfitOrLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-83": {
   "value": "-0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:CapitalLossesOnFinancialReceivablesAtFairValueThroughProfitOrLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-84": {
   "value": "18942000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherFinanceIncomeCost",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-85": {
   "value": "18500000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherFinanceIncomeCost",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-86": {
   "value": "3641000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherIncome",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-87": {
   "value": "2138000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherIncome",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-88": {
   "value": "69535000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherExpenseByNature",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-89": {
   "value": "63519000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherExpenseByNature",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-90": {
   "value": "113007000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLossBeforeTax",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-91": {
   "value": "1359512000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLossBeforeTax",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-92": {
   "value": "6000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-93": {
   "value": "7000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-94": {
   "value": "113001000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-95": {
   "value": "1359505000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-96": {
   "value": "113001000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-97": {
   "value": "1359505000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-98": {
   "value": "3.3482",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:BasicEarningsLossPerShare",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "fact-99": {
   "value": "40.8942",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:BasicEarningsLossPerShare",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "fact-100": {
   "value": "3.2571",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DilutedEarningsLossPerShare",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "fact-101": {
   "value": "40.0914",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DilutedEarningsLossPerShare",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "fact-102": {
   "value": "113001000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-103": {
   "value": "1359505000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-104": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Autreselmentsdursultatglobalautreselementsquiserontreclassesenresultatnetdimpot",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-105": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Autreselmentsdursultatglobalautreselementsquiserontreclassesenresultatnetdimpot",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-106": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-107": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-108": {
   "value": "528000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-109": {
   "value": "-683000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-110": {
   "value": "528000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-111": {
   "value": "-683000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-112": {
   "value": "528000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-113": {
   "value": "-683000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-114": {
   "value": "113529000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-115": {
   "value": "1358822000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-116": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-117": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-118": {
   "value": "113529000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-119": {
   "value": "1358822000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-1": {
   "value": "33749069.0",
   "decimals": 0,
   "dimensions": {
    "concept": "ifrs-full:WeightedAverageShares",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "xbrli:shares"
   }
  },
  "fact-2": {
   "value": "33244429.0",
   "decimals": 0,
   "dimensions": {
    "concept": "ifrs-full:WeightedAverageShares",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "xbrli:shares"
   }
  },
  "fact-5": {
   "value": "504640.0",
   "decimals": 0,
   "dimensions": {
    "concept": "sofi:AugmentationDiminutiondunombredactionsordinairesencirculation",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "xbrli:shares"
   }
  },
  "fact-3": {
   "value": "34693760.0",
   "decimals": 0,
   "dimensions": {
    "concept": "ifrs-full:AdjustedWeightedAverageShares",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "xbrli:shares"
   }
  },
  "fact-4": {
   "value": "33910170.0",
   "decimals": 0,
   "dimensions": {
    "concept": "ifrs-full:AdjustedWeightedAverageShares",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "xbrli:shares"
   }
  },
  "fact-6": {
   "value": "783590.0",
   "decimals": 0,
   "dimensions": {
    "concept": "sofi:AugmentationDiminutiondunombredactionsdilueesencirculation",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "xbrli:shares"
   }
  },
  "fact-120": {
   "value": "79735000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-121": {
   "value": "4420000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-122": {
   "value": "9317893000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-123": {
   "value": "318617000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-124": {
   "value": "9083431000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-125": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-126": {
   "value": "9083431000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-127": {
   "value": "1359505000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-128": {
   "value": "1359505000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-129": {
   "value": "1359505000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-130": {
   "value": "-683000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-131": {
   "value": "-683000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-132": {
   "value": "-683000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-133": {
   "value": "111236000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-134": {
   "value": "111236000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-135": {
   "value": "111236000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-136": {
   "value": "-2709000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-137": {
   "value": "-33613000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-138": {
   "value": "-36322000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-139": {
   "value": "-36322000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-140": {
   "value": "10343000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-141": {
   "value": "10343000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-142": {
   "value": "10343000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-143": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-144": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-145": {
   "value": "79735000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-146": {
   "value": "4420000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-147": {
   "value": "10573113000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-148": {
   "value": "352230000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-149": {
   "value": "10305038000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-150": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-151": {
   "value": "10305038000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-152": {
   "value": "5695000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IssueOfEquity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-153": {
   "value": "532396000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IssueOfEquity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-154": {
   "value": "538091000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IssueOfEquity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-155": {
   "value": "538091000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IssueOfEquity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-156": {
   "value": "113001000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-157": {
   "value": "113001000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-158": {
   "value": "113001000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-159": {
   "value": "528000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-160": {
   "value": "528000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-161": {
   "value": "528000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-162": {
   "value": "115793000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-163": {
   "value": "115793000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-164": {
   "value": "115793000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaid",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-165": {
   "value": "166000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-166": {
   "value": "-10412000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-167": {
   "value": "-10246000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-168": {
   "value": "-10246000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-169": {
   "value": "12253000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-170": {
   "value": "12253000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-171": {
   "value": "12253000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-172": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-173": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-174": {
   "value": "85430000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-175": {
   "value": "536816000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-176": {
   "value": "10583268000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-177": {
   "value": "362642000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-178": {
   "value": "10842872000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-179": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-180": {
   "value": "10842872000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-181": {
   "value": "357381000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-182": {
   "value": "198342000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-183": {
   "value": "163234000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsReceivedClassifiedAsOperatingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-184": {
   "value": "127990000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsReceivedClassifiedAsOperatingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-185": {
   "value": "1822000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:InterestReceivedClassifiedAsOperatingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-186": {
   "value": "11570000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:InterestReceivedClassifiedAsOperatingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-187": {
   "value": "7000000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-188": {
   "value": "7169000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-189": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:PaiementspouracquisitionsdactifsfinancierscourantsDepotsdeplusde3mois",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-190": {
   "value": "-75000000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:PaiementspouracquisitionsdactifsfinancierscourantsDepotsdeplusde3mois",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-191": {
   "value": "75000000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Recettesprovenantdecessionsdactifsfinancierscourantsdepotsdeplusde3mois",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-192": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Recettesprovenantdecessionsdactifsfinancierscourantsdepotsdeplusde3mois",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-193": {
   "value": "1238119000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:PaiementspourlesacquisitionsdactifsfinancierscourantsPortefeuilledinvestissement",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-194": {
   "value": "125282000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:PaiementspourlesacquisitionsdactifsfinancierscourantsPortefeuilledinvestissement",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-195": {
   "value": "305870000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:RecettesprovenantdescessionsdactifsfinancierscourantsPortefeuilledinvestissement",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-196": {
   "value": "207305000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:RecettesprovenantdescessionsdactifsfinancierscourantsPortefeuilledinvestissement",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-197": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Paiementspourlacquisitiondautresactifsfinancierscourants",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-198": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Paiementspourlacquisitiondautresactifsfinancierscourants",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-199": {
   "value": "12670000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Recettesprovenantdecessionsdautresactifsfinancierscourants",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-200": {
   "value": "136000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Recettesprovenantdecessionsdautresactifsfinancierscourants",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-201": {
   "value": "3380000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherCashReceiptsFromOperatingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-202": {
   "value": "4157000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherCashReceiptsFromOperatingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-203": {
   "value": "57768000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Paiementspourfraisadministratifsetdivers",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-204": {
   "value": "44031000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Paiementspourfraisadministratifsetdivers",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-205": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-206": {
   "value": "-8000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-207": {
   "value": "-740910000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-208": {
   "value": "99668000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-209": {
   "value": "23000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-210": {
   "value": "157000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-211": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-212": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-213": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-214": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-215": {
   "value": "494750000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-216": {
   "value": "544400000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-217": {
   "value": "275533000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-218": {
   "value": "689595000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-219": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProceedsFromOtherLongtermAssetsClassifiedAsInvestingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-220": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProceedsFromOtherLongtermAssetsClassifiedAsInvestingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-221": {
   "value": "-219240000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-222": {
   "value": "145038000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-223": {
   "value": "538091000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProceedsFromIssuingShares",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-224": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProceedsFromIssuingShares",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-225": {
   "value": "105873000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-226": {
   "value": "93981000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-227": {
   "value": "95117000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProceedsFromSaleOrIssueOfTreasuryShares",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-228": {
   "value": "57951000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProceedsFromSaleOrIssueOfTreasuryShares",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-229": {
   "value": "115792000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-230": {
   "value": "111236000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-231": {
   "value": "-201326000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Entreesetsortiesdetresorerieauxcreancesaupresdepartieslieesclasseesdanslesactivitesdefinancement",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-232": {
   "value": "-74628000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Entreesetsortiesdetresorerieauxcreancesaupresdepartieslieesclasseesdanslesactivitesdefinancement",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-233": {
   "value": "5422000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Entreesetsortiesdetrsorerieauxdettesconsentiesadespartieslieesclasseesdanslesactivitesdefinancement",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-234": {
   "value": "136226000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sofi:Entreesetsortiesdetrsorerieauxdettesconsentiesadespartieslieesclasseesdanslesactivitesdefinancement",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-235": {
   "value": "592506000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-236": {
   "value": "40000000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-237": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-238": {
   "value": "40000000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-239": {
   "value": "808146000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-240": {
   "value": "-85668000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-241": {
   "value": "205377000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-242": {
   "value": "357381000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-7": {
   "value": "des activit\u00e9s d\u2019investissement",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-243": {
   "value": "<div class=\"t_6 m2_6 h4_6 ff4_6 fs1_6 fc1_6 sc0_6 ls3_6 ws3_6 gs2_1\">1. <span class=\"__6 _338\"></span> <span class=\"__6 _339\"> </span> <span class=\"__6 _340\"></span>D\u00e9cla<span class=\"__6 _336\"></span>ra<span class=\"__6 _336\"></span>tion de con<span class=\"__6 _336\"></span>f<span class=\"__6 _336\"></span>ormit\u00e9 e<span class=\"__6 _336\"></span>t principe<span class=\"__6 _336\"></span>s comp<span class=\"__6 _336\"></span>ta<span class=\"__6 _336\"></span>bles \u2013<span class=\"ff2_6\"> r<span class=\"__6 _336\"></span>epr<span class=\"__6 _336\"></span>end la d\u00e9<span class=\"__6 _336\"></span>cla<span class=\"__6 _336\"></span>ra<span class=\"__6 _336\"></span>tion de c<span class=\"__6 _336\"></span>on<span class=\"__6 _336\"></span>formit<span class=\"__6 _336\"></span>\u00e9 </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs3_1\">ainsi que le<span class=\"__6 _336\"></span>s principe<span class=\"__6 _336\"></span>s comp<span class=\"__6 _336\"></span>ta<span class=\"__6 _336\"></span>bles et le<span class=\"__6 _336\"></span>s principa<span class=\"__6 _336\"></span>ux cha<span class=\"__6 _336\"></span>ngemen<span class=\"__6 _336\"></span>ts<span class=\"__6 _336\"></span>.<span class=\"__6 _341\"> </span></div>1. D\u00e9c<span class=\"__6 _336\"></span>la<span class=\"__6 _336\"></span>r<span class=\"__6 _336\"></span>ation de conf<span class=\"__6 _336\"></span>ormit\u00e9 et principes com<span class=\"__6 _336\"></span>p<span class=\"__6 _336\"></span>tables<span class=\"__6 _341\"> </span>Sofina SA e<span class=\"__6 _336\"></span>st une s<span class=\"__6 _336\"></span>oci\u00e9t<span class=\"__6 _336\"></span>\u00e9 an<span class=\"__6 _336\"></span>onym<span class=\"__6 _336\"></span>e de dr<span class=\"__6 _336\"></span>oit belge don<span class=\"__6 _336\"></span>t le si\u00e8ge e<span class=\"__6 _336\"></span>st sit<span class=\"__6 _336\"></span>u\u00e9 rue de l\u2019Ind<span class=\"__6 _336\"></span>us<span class=\"__6 _336\"></span>trie,<span class=\"__6 _336\"></span> 31 \u00e0 10<span class=\"__6 _336\"></span>40 Bruxelle<span class=\"__6 _336\"></span>s<span class=\"__6 _341\"> </span>.<span class=\"__6 _341\"> </span>L<span class=\"__6 _336\"></span>es \u00e9<span class=\"__6 _336\"></span>ta<span class=\"__6 _336\"></span>ts fina<span class=\"__6 _336\"></span>ncier<span class=\"__6 _336\"></span>s con<span class=\"__6 _336\"></span>solid\u00e9<span class=\"__6 _336\"></span>s du gr<span class=\"__6 _336\"></span>oupe So<span class=\"__6 _336\"></span>fina au 3<span class=\"__6 _336\"></span>1 d\u00e9cem<span class=\"__6 _336\"></span>br<span class=\"__6 _336\"></span>e 2<span class=\"__6 _336\"></span>02<span class=\"__6 _336\"></span>5 on<span class=\"__6 _336\"></span>t \u00e9t<span class=\"__6 _336\"></span>\u00e9 arr<span class=\"__6 _336\"></span>\u00eat<span class=\"__6 _336\"></span>\u00e9s pa<span class=\"__6 _336\"></span>r le Con<span class=\"__6 _336\"></span>seil d\u2019<span class=\"__6 _335\"></span>Administr<span class=\"__6 _336\"></span>a<span class=\"__6 _336\"></span>tion du 2<span class=\"__6 _336\"></span>6 ma<span class=\"__6 _336\"></span>rs 2<span class=\"__6 _336\"></span>0<span class=\"__6 _336\"></span>26<span class=\"__6 _336\"></span>, Il<span class=\"__6 _336\"></span>s ont \u00e9<span class=\"__6 _336\"></span>t\u00e9 \u00e9<span class=\"__6 _336\"></span>tabli<span class=\"__6 _336\"></span>s con<span class=\"__6 _336\"></span>f<span class=\"__6 _336\"></span>orm\u00e9men<span class=\"__6 _336\"></span>t au r<span class=\"__6 _336\"></span>\u00e9f<span class=\"__6 _336\"></span>\u00e9r<span class=\"__6 _336\"></span>en<span class=\"__6 _336\"></span>tiel IF<span class=\"__6 _336\"></span>R<span class=\"__6 _336\"></span>S (In<span class=\"__6 _336\"></span>terna<span class=\"__6 _336\"></span>tion<span class=\"__6 _336\"></span>al Fin<span class=\"__6 _336\"></span>anci<span class=\"__6 _336\"></span>al R<span class=\"__6 _336\"></span>eporting S<span class=\"__6 _336\"></span>ta<span class=\"__6 _336\"></span>nda<span class=\"__6 _336\"></span>rd<span class=\"__6 _336\"></span>s) tel qu\u2019<span class=\"__6 _335\"></span>adopt\u00e9 d<span class=\"__6 _336\"></span>an<span class=\"__6 _336\"></span>s l\u2019Union eur<span class=\"__6 _336\"></span>op\u00e9enn<span class=\"__6 _336\"></span>e.<span class=\"__6 _341\"> </span>PRINCIPES COMPT<span class=\"__6 _335\"></span>A<span class=\"__6 _336\"></span>BLE<span class=\"__6 _336\"></span>S<span class=\"__6 _341\"> </span>L<span class=\"__6 _336\"></span>es n<span class=\"__6 _336\"></span>ormes<span class=\"__6 _336\"></span>, am<span class=\"__6 _336\"></span>endemen<span class=\"__6 _336\"></span>ts e<span class=\"__6 _336\"></span>t int<span class=\"__6 _336\"></span>erpr<span class=\"__6 _336\"></span>\u00e9ta<span class=\"__6 _336\"></span>tion<span class=\"__6 _336\"></span>s publi<span class=\"__6 _336\"></span>\u00e9s mai<span class=\"__6 _336\"></span>s non enc<span class=\"__6 _336\"></span>ore en vigue<span class=\"__6 _336\"></span>ur en 2<span class=\"__6 _336\"></span>0<span class=\"__6 _336\"></span>25 n<span class=\"__6 _336\"></span>\u2019<span class=\"__6 _335\"></span>on<span class=\"__6 _336\"></span>t pas \u00e9<span class=\"__6 _336\"></span>t\u00e9 adop<span class=\"__6 _336\"></span>t\u00e9<span class=\"__6 _336\"></span>s par a<span class=\"__6 _336\"></span>n<span class=\"__6 _336\"></span>ticipa<span class=\"__6 _336\"></span>tion pa<span class=\"__6 _336\"></span>r le gr<span class=\"__6 _336\"></span>oupe (cf<span class=\"__6 _342\"></span>. poin<span class=\"__6 _342\"></span>t 3.22 ci-desso<span class=\"__6 _342\"></span>us).<span class=\"__6 _341\"> </span>L<span class=\"__6 _342\"></span>es principes<span class=\"__6 _342\"></span>, m\u00e9thodes e<span class=\"__6 _342\"></span>t <span class=\"__6 _343\"></span>tec<span class=\"__6 _336\"></span>hniques d\u2019<span class=\"__6 _335\"></span>\u00e9<span class=\"__6 _342\"></span>valua<span class=\"__6 _342\"></span>tion et de con<span class=\"__6 _342\"></span>solida<span class=\"__6 _342\"></span>tion utilis\u00e9s pou<span class=\"__6 _342\"></span>r ces \u00e9ta<span class=\"__6 _342\"></span>ts finan<span class=\"__6 _342\"></span>ciers con<span class=\"__6 _342\"></span>solid\u00e9s son<span class=\"__6 _342\"></span>t identique<span class=\"__6 _342\"></span>s \u00e0 ceux appliqu\u00e9<span class=\"__6 _342\"></span>s par le grou<span class=\"__6 _336\"></span>pe Sofina lor<span class=\"__6 _342\"></span>s de l\u2019<span class=\"__6 _342\"></span>\u00e9t<span class=\"__6 _336\"></span>ablis<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span>semen<span class=\"__6 _342\"></span>t des \u00e9ta<span class=\"__6 _342\"></span>ts financi<span class=\"__6 _336\"></span>ers con<span class=\"__6 _342\"></span>solid\u00e9s au 3<span class=\"__6 _342\"></span>1 d\u00e9cembr<span class=\"__6 _342\"></span>e 20<span class=\"__6 _342\"></span>24.<span class=\"__6 _341\"> </span>L<span class=\"__6 _342\"></span>e r\u00e9sum<span class=\"__6 _342\"></span>\u00e9 des principale<span class=\"__6 _342\"></span>s m\u00e9thodes c<span class=\"__6 _342\"></span>ompta<span class=\"__6 _342\"></span>bles est pr<span class=\"__6 _342\"></span>\u00e9sent<span class=\"__6 _342\"></span>\u00e9 au poin<span class=\"__6 _336\"></span>t 3.22 ci-de<span class=\"__6 _342\"></span>ssous<span class=\"__6 _342\"></span>.<span class=\"ls2_6 ws0_6\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-244": {
   "value": "<div class=\"t_6 m1_6 h4_6 ff4_6 fs1_6 fc1_6 sc0_6 ls1_6 ws4_6 gs5_1\">2. <span class=\"__6 _337\"> </span> <span class=\"__6 _340\"></span>In<span class=\"__6 _336\"></span>form<span class=\"__6 _336\"></span>ation<span class=\"__6 _336\"></span>s cl\u00e9<span class=\"__6 _336\"></span>s de gestion e<span class=\"__6 _336\"></span>t inf<span class=\"__6 _336\"></span>orma<span class=\"__6 _336\"></span>tion sect<span class=\"__6 _336\"></span>orielle <span class=\"ff2_6\">\u2013 re<span class=\"__6 _336\"></span>pren<span class=\"__6 _336\"></span>d l\u2019inf<span class=\"__6 _336\"></span>orm<span class=\"__6 _336\"></span>ati<span class=\"__6 _336\"></span>on sect<span class=\"__6 _336\"></span>orielle </span></div><div class=\"t_6 m3_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls4_6 ws5_6 gs6_1\">et les r<span class=\"__6 _336\"></span>appr<span class=\"__6 _336\"></span>och<span class=\"__6 _336\"></span>emen<span class=\"__6 _336\"></span>ts a<span class=\"__6 _336\"></span>vec le<span class=\"__6 _336\"></span>s \u00e9ta<span class=\"__6 _336\"></span>ts fina<span class=\"__6 _336\"></span>ncier<span class=\"__6 _336\"></span>s ain<span class=\"__6 _336\"></span>si que des in<span class=\"__6 _336\"></span>form<span class=\"__6 _336\"></span>ati<span class=\"__6 _336\"></span>ons su<span class=\"__6 _336\"></span>r le portefe<span class=\"__6 _336\"></span>uille </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs7_1\">en tra<span class=\"__6 _336\"></span>nsp<span class=\"__6 _336\"></span>ar<span class=\"__6 _336\"></span>ence (c<span class=\"__6 _336\"></span>omme si le gr<span class=\"__6 _336\"></span>oupe appli<span class=\"__6 _336\"></span>quait le<span class=\"__6 _336\"></span>s principes de c<span class=\"__6 _336\"></span>ons<span class=\"__6 _336\"></span>olida<span class=\"__6 _336\"></span>tion).<span class=\"__6 _341\"> </span></div><div class=\"t_6 m5_6 h5_6 ff1_6 fs2_6 fc1_6 sc0_6 ls6_6 ws0_6 gs16_1\">2. Inform<span class=\"__6 _342\"></span>ations cl\u00e9s de g<span class=\"__6 _342\"></span>estion et<span class=\"__6 _343\"></span> </div><div class=\"t_6 m5_6 h5_6 ff1_6 fs2_6 fc1_6 sc0_6 ls6_6 ws0_6 gs17\">inform<span class=\"__6 _342\"></span>ation sectorielle<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h6_6 ff4_6 fs3_6 fc0_6 sc0_6 ls9_6 ws0_6 gs18\">2.<span class=\"__6 _335\"></span>1 INF<span class=\"__6 _342\"></span>ORMA<span class=\"__6 _344\"></span>TIO<span class=\"__6 _336\"></span>N SE<span class=\"__6 _342\"></span>CT<span class=\"__6 _342\"></span>ORIE<span class=\"__6 _342\"></span>LL<span class=\"__6 _342\"></span>E \u2013 RAPP<span class=\"__6 _342\"></span>ROCH<span class=\"__6 _336\"></span>EME<span class=\"__6 _342\"></span>NT A<span class=\"__6 _335\"></span>VEC L<span class=\"__6 _342\"></span>E<span class=\"__6 _342\"></span>S \u00c9T<span class=\"__6 _335\"></span>A<span class=\"__6 _335\"></span>T<span class=\"__6 _336\"></span>S<span class=\"__6 _335\"></span> </div><div class=\"t_6 m1_6 h6_6 ff4_6 fs3_6 fc0_6 sc0_6 lsa_6 wsc_6 gs19\">FINANCIERS<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 wsd_6 gs1a\">La norme I<span class=\"__6 _336\"></span>FR<span class=\"__6 _342\"></span>S 8 sur les sect<span class=\"__6 _342\"></span>eurs op\u00e9r<span class=\"__6 _342\"></span>ationnel<span class=\"__6 _336\"></span>s req<span class=\"__6 _336\"></span>uiert que Sofina pr<span class=\"__6 _342\"></span>\u00e9sen<span class=\"__6 _336\"></span>te les s<span class=\"__6 _342\"></span>ecteur<span class=\"__6 _342\"></span>s </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 wse_6 gs1b\">sur la ba<span class=\"__6 _342\"></span>se des rapports pr<span class=\"__6 _342\"></span>\u00e9sent<span class=\"__6 _342\"></span>\u00e9s au ma<span class=\"__6 _336\"></span>nagemen<span class=\"__6 _342\"></span>t en vue de prendr<span class=\"__6 _342\"></span>e des d\u00e9cision<span class=\"__6 _342\"></span>s sur les </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs1c\">re<span class=\"__6 _342\"></span>ssourc<span class=\"__6 _342\"></span>es \u00e0 affec<span class=\"__6 _342\"></span>ter \u00e0 chaque sec<span class=\"__6 _342\"></span>teur et d\u2019<span class=\"__6 _335\"></span>\u00e9v<span class=\"__6 _342\"></span>aluer la perform<span class=\"__6 _342\"></span>ance de ch<span class=\"__6 _336\"></span>acun d\u2019<span class=\"__6 _335\"></span>eux.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 wsf_6 gs1d\">Sofina SA e<span class=\"__6 _342\"></span>st la soci\u00e9t<span class=\"__6 _342\"></span>\u00e9 m\u00e8re du gr<span class=\"__6 _342\"></span>oupe Sofina. L<span class=\"__6 _342\"></span>es inv<span class=\"__6 _336\"></span>esti<span class=\"__6 _342\"></span>ssement<span class=\"__6 _336\"></span>s du portef<span class=\"__6 _342\"></span>euille g\u00e9r\u00e9<span class=\"__6 _336\"></span>s </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws10_6 gs1e\">par le gr<span class=\"__6 _342\"></span>oupe son<span class=\"__6 _336\"></span>t d\u00e9ten<span class=\"__6 _342\"></span>us par la soci<span class=\"__6 _342\"></span>\u00e9t\u00e9 m\u00e8r<span class=\"__6 _342\"></span>e, Sofina SA, so<span class=\"__6 _336\"></span>it en d\u00e9ten<span class=\"__6 _342\"></span>ant elle-m\u00eam<span class=\"__6 _342\"></span>e des </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws11_6 gs20\">action<span class=\"__6 _342\"></span>s dan<span class=\"__6 _342\"></span>s des soci\u00e9t<span class=\"__6 _336\"></span>\u00e9s du porte<span class=\"__6 _342\"></span>feuille, s<span class=\"__6 _336\"></span>oit en y inve<span class=\"__6 _342\"></span>stissan<span class=\"__6 _342\"></span>t au tra<span class=\"__6 _342\"></span>vers de filia<span class=\"__6 _342\"></span>les d\u2019inves<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws12_6 gs21\">tissem<span class=\"__6 _342\"></span>ent. L<span class=\"__6 _342\"></span>ors de la pr<span class=\"__6 _336\"></span>\u00e9par<span class=\"__6 _342\"></span>ation de<span class=\"__6 _342\"></span>s \u00e9tats fin<span class=\"__6 _342\"></span>anciers en t<span class=\"__6 _342\"></span>ant qu\u2019<span class=\"__6 _342\"></span>Entit<span class=\"__6 _342\"></span>\u00e9 d\u2019Inve<span class=\"__6 _336\"></span>stiss<span class=\"__6 _336\"></span>emen<span class=\"__6 _342\"></span>t, la </div><div class=\"t_6 m9_4 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws3_6 gs22\">ju<span class=\"__6 _342\"></span>ste va<span class=\"__6 _342\"></span>leur des pa<span class=\"__6 _336\"></span>rticipati<span class=\"__6 _342\"></span>ons direc<span class=\"__6 _342\"></span>tes (da<span class=\"__6 _342\"></span>ns des inve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>ts du portef<span class=\"__6 _342\"></span>euille ou dan<span class=\"__6 _342\"></span>s des </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws1_6 gs23\">filiale<span class=\"__6 _342\"></span>s d\u2019investis<span class=\"__6 _342\"></span>sement) es<span class=\"__6 _342\"></span>t por<span class=\"__6 _343\"></span>t\u00e9e \u00e0 l\u2019<span class=\"__6 _342\"></span>ac<span class=\"__6 _336\"></span>tif du bila<span class=\"__6 _342\"></span>n. P<span class=\"__6 _342\"></span>ar con<span class=\"__6 _336\"></span>tre<span class=\"__6 _342\"></span>, l\u2019inform<span class=\"__6 _342\"></span>ation sect<span class=\"__6 _342\"></span>orielle de </div><div class=\"t_6 ma_4 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls4_6 ws3_6 gs24\">gesti<span class=\"__6 _342\"></span>on (bas\u00e9e sur le<span class=\"__6 _336\"></span>s re<span class=\"__6 _336\"></span>portings int<span class=\"__6 _342\"></span>ernes) es<span class=\"__6 _342\"></span>t pr\u00e9par<span class=\"__6 _342\"></span>\u00e9e sur tou<span class=\"__6 _336\"></span>t le portef<span class=\"__6 _342\"></span>euille en tran<span class=\"__6 _342\"></span>spar<span class=\"__6 _336\"></span>ence </div><div class=\"t_6 mb_4 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 lsb_6 ws13_6 gs25\">(c\u2019<span class=\"__6 _335\"></span>est-\u00e0-dir<span class=\"__6 _342\"></span>e sur l\u2019<span class=\"__6 _335\"></span>ensemble des p<span class=\"__6 _342\"></span>articipation<span class=\"__6 _342\"></span>s du portef<span class=\"__6 _336\"></span>euille, o<span class=\"__6 _342\"></span>\u00f9 <span class=\"__6 _343\"></span>qu\u2019<span class=\"__6 _335\"></span>elles soi<span class=\"__6 _342\"></span>ent d\u00e9t<span class=\"__6 _336\"></span>enues<span class=\"__6 _342\"></span> </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws11_6 gs26\">dan<span class=\"__6 _342\"></span>s la structu<span class=\"__6 _336\"></span>re j<span class=\"__6 _342\"></span>uridique d<span class=\"__6 _336\"></span>u gro<span class=\"__6 _336\"></span>upe Sofina), e<span class=\"__6 _342\"></span>t donc sur la base de l<span class=\"__6 _342\"></span>a just<span class=\"__6 _342\"></span>e valeur t<span class=\"__6 _342\"></span>otale de<span class=\"__6 _342\"></span> </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws14_6 gs27\">chaq<span class=\"__6 _336\"></span>ue participa<span class=\"__6 _342\"></span>tion du portef<span class=\"__6 _342\"></span>euille d\u00e9tenue in fin<span class=\"__6 _342\"></span>e dans de<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9<span class=\"__6 _342\"></span>s ou dans de<span class=\"__6 _342\"></span>s fonds<span class=\"__6 _342\"></span>. La </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs28\">pr\u00e9<span class=\"__6 _342\"></span>senta<span class=\"__6 _342\"></span>tion des dividende<span class=\"__6 _342\"></span>s ou des flux de tr<span class=\"__6 _342\"></span>\u00e9sorerie suit l<span class=\"__6 _342\"></span>a m\u00eame logique.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOperatingSegmentsExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-245": {
   "value": "2. <span class=\"__6 _337\"> </span> <span class=\"__6 _340\"></span>In<span class=\"__6 _336\"></span>form<span class=\"__6 _336\"></span>ation<span class=\"__6 _336\"></span>s cl\u00e9<span class=\"__6 _336\"></span>s de gestion e<span class=\"__6 _336\"></span>t inf<span class=\"__6 _336\"></span>orma<span class=\"__6 _336\"></span>tion sect<span class=\"__6 _336\"></span>orielle <span class=\"ff2_6\">\u2013 re<span class=\"__6 _336\"></span>pren<span class=\"__6 _336\"></span>d l\u2019inf<span class=\"__6 _336\"></span>orm<span class=\"__6 _336\"></span>ati<span class=\"__6 _336\"></span>on sect<span class=\"__6 _336\"></span>orielle </span>et les r<span class=\"__6 _336\"></span>appr<span class=\"__6 _336\"></span>och<span class=\"__6 _336\"></span>emen<span class=\"__6 _336\"></span>ts a<span class=\"__6 _336\"></span>vec le<span class=\"__6 _336\"></span>s \u00e9ta<span class=\"__6 _336\"></span>ts fina<span class=\"__6 _336\"></span>ncier<span class=\"__6 _336\"></span>s ain<span class=\"__6 _336\"></span>si que des in<span class=\"__6 _336\"></span>form<span class=\"__6 _336\"></span>ati<span class=\"__6 _336\"></span>ons su<span class=\"__6 _336\"></span>r le portefe<span class=\"__6 _336\"></span>uille en tra<span class=\"__6 _336\"></span>nsp<span class=\"__6 _336\"></span>ar<span class=\"__6 _336\"></span>ence (c<span class=\"__6 _336\"></span>omme si le gr<span class=\"__6 _336\"></span>oupe appli<span class=\"__6 _336\"></span>quait le<span class=\"__6 _336\"></span>s principes de c<span class=\"__6 _336\"></span>ons<span class=\"__6 _336\"></span>olida<span class=\"__6 _336\"></span>tion).<span class=\"__6 _341\"> </span>2. Inform<span class=\"__6 _342\"></span>ations cl\u00e9s de g<span class=\"__6 _342\"></span>estion et<span class=\"__6 _343\"></span> inform<span class=\"__6 _342\"></span>ation sectorielle<span class=\"__6 _341\"> </span>2.<span class=\"__6 _335\"></span>1 INF<span class=\"__6 _342\"></span>ORMA<span class=\"__6 _344\"></span>TIO<span class=\"__6 _336\"></span>N SE<span class=\"__6 _342\"></span>CT<span class=\"__6 _342\"></span>ORIE<span class=\"__6 _342\"></span>LL<span class=\"__6 _342\"></span>E \u2013 RAPP<span class=\"__6 _342\"></span>ROCH<span class=\"__6 _336\"></span>EME<span class=\"__6 _342\"></span>NT A<span class=\"__6 _335\"></span>VEC L<span class=\"__6 _342\"></span>E<span class=\"__6 _342\"></span>S \u00c9T<span class=\"__6 _335\"></span>A<span class=\"__6 _335\"></span>T<span class=\"__6 _336\"></span>S<span class=\"__6 _335\"></span> FINANCIERS<span class=\"__6 _341\"> </span>La norme I<span class=\"__6 _336\"></span>FR<span class=\"__6 _342\"></span>S 8 sur les sect<span class=\"__6 _342\"></span>eurs op\u00e9r<span class=\"__6 _342\"></span>ationnel<span class=\"__6 _336\"></span>s req<span class=\"__6 _336\"></span>uiert que Sofina pr<span class=\"__6 _342\"></span>\u00e9sen<span class=\"__6 _336\"></span>te les s<span class=\"__6 _342\"></span>ecteur<span class=\"__6 _342\"></span>s sur la ba<span class=\"__6 _342\"></span>se des rapports pr<span class=\"__6 _342\"></span>\u00e9sent<span class=\"__6 _342\"></span>\u00e9s au ma<span class=\"__6 _336\"></span>nagemen<span class=\"__6 _342\"></span>t en vue de prendr<span class=\"__6 _342\"></span>e des d\u00e9cision<span class=\"__6 _342\"></span>s sur les re<span class=\"__6 _342\"></span>ssourc<span class=\"__6 _342\"></span>es \u00e0 affec<span class=\"__6 _342\"></span>ter \u00e0 chaque sec<span class=\"__6 _342\"></span>teur et d\u2019<span class=\"__6 _335\"></span>\u00e9v<span class=\"__6 _342\"></span>aluer la perform<span class=\"__6 _342\"></span>ance de ch<span class=\"__6 _336\"></span>acun d\u2019<span class=\"__6 _335\"></span>eux.<span class=\"__6 _341\"> </span>Sofina SA e<span class=\"__6 _342\"></span>st la soci\u00e9t<span class=\"__6 _342\"></span>\u00e9 m\u00e8re du gr<span class=\"__6 _342\"></span>oupe Sofina. L<span class=\"__6 _342\"></span>es inv<span class=\"__6 _336\"></span>esti<span class=\"__6 _342\"></span>ssement<span class=\"__6 _336\"></span>s du portef<span class=\"__6 _342\"></span>euille g\u00e9r\u00e9<span class=\"__6 _336\"></span>s par le gr<span class=\"__6 _342\"></span>oupe son<span class=\"__6 _336\"></span>t d\u00e9ten<span class=\"__6 _342\"></span>us par la soci<span class=\"__6 _342\"></span>\u00e9t\u00e9 m\u00e8r<span class=\"__6 _342\"></span>e, Sofina SA, so<span class=\"__6 _336\"></span>it en d\u00e9ten<span class=\"__6 _342\"></span>ant elle-m\u00eam<span class=\"__6 _342\"></span>e des action<span class=\"__6 _342\"></span>s dan<span class=\"__6 _342\"></span>s des soci\u00e9t<span class=\"__6 _336\"></span>\u00e9s du porte<span class=\"__6 _342\"></span>feuille, s<span class=\"__6 _336\"></span>oit en y inve<span class=\"__6 _342\"></span>stissan<span class=\"__6 _342\"></span>t au tra<span class=\"__6 _342\"></span>vers de filia<span class=\"__6 _342\"></span>les d\u2019inves<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span>tissem<span class=\"__6 _342\"></span>ent. L<span class=\"__6 _342\"></span>ors de la pr<span class=\"__6 _336\"></span>\u00e9par<span class=\"__6 _342\"></span>ation de<span class=\"__6 _342\"></span>s \u00e9tats fin<span class=\"__6 _342\"></span>anciers en t<span class=\"__6 _342\"></span>ant qu\u2019<span class=\"__6 _342\"></span>Entit<span class=\"__6 _342\"></span>\u00e9 d\u2019Inve<span class=\"__6 _336\"></span>stiss<span class=\"__6 _336\"></span>emen<span class=\"__6 _342\"></span>t, la ju<span class=\"__6 _342\"></span>ste va<span class=\"__6 _342\"></span>leur des pa<span class=\"__6 _336\"></span>rticipati<span class=\"__6 _342\"></span>ons direc<span class=\"__6 _342\"></span>tes (da<span class=\"__6 _342\"></span>ns des inve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>ts du portef<span class=\"__6 _342\"></span>euille ou dan<span class=\"__6 _342\"></span>s des filiale<span class=\"__6 _342\"></span>s d\u2019investis<span class=\"__6 _342\"></span>sement) es<span class=\"__6 _342\"></span>t por<span class=\"__6 _343\"></span>t\u00e9e \u00e0 l\u2019<span class=\"__6 _342\"></span>ac<span class=\"__6 _336\"></span>tif du bila<span class=\"__6 _342\"></span>n. P<span class=\"__6 _342\"></span>ar con<span class=\"__6 _336\"></span>tre<span class=\"__6 _342\"></span>, l\u2019inform<span class=\"__6 _342\"></span>ation sect<span class=\"__6 _342\"></span>orielle de gesti<span class=\"__6 _342\"></span>on (bas\u00e9e sur le<span class=\"__6 _336\"></span>s re<span class=\"__6 _336\"></span>portings int<span class=\"__6 _342\"></span>ernes) es<span class=\"__6 _342\"></span>t pr\u00e9par<span class=\"__6 _342\"></span>\u00e9e sur tou<span class=\"__6 _336\"></span>t le portef<span class=\"__6 _342\"></span>euille en tran<span class=\"__6 _342\"></span>spar<span class=\"__6 _336\"></span>ence (c\u2019<span class=\"__6 _335\"></span>est-\u00e0-dir<span class=\"__6 _342\"></span>e sur l\u2019<span class=\"__6 _335\"></span>ensemble des p<span class=\"__6 _342\"></span>articipation<span class=\"__6 _342\"></span>s du portef<span class=\"__6 _336\"></span>euille, o<span class=\"__6 _342\"></span>\u00f9 <span class=\"__6 _343\"></span>qu\u2019<span class=\"__6 _335\"></span>elles soi<span class=\"__6 _342\"></span>ent d\u00e9t<span class=\"__6 _336\"></span>enues<span class=\"__6 _342\"></span> dan<span class=\"__6 _342\"></span>s la structu<span class=\"__6 _336\"></span>re j<span class=\"__6 _342\"></span>uridique d<span class=\"__6 _336\"></span>u gro<span class=\"__6 _336\"></span>upe Sofina), e<span class=\"__6 _342\"></span>t donc sur la base de l<span class=\"__6 _342\"></span>a just<span class=\"__6 _342\"></span>e valeur t<span class=\"__6 _342\"></span>otale de<span class=\"__6 _342\"></span> chaq<span class=\"__6 _336\"></span>ue participa<span class=\"__6 _342\"></span>tion du portef<span class=\"__6 _342\"></span>euille d\u00e9tenue in fin<span class=\"__6 _342\"></span>e dans de<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9<span class=\"__6 _342\"></span>s ou dans de<span class=\"__6 _342\"></span>s fonds<span class=\"__6 _342\"></span>. La pr\u00e9<span class=\"__6 _342\"></span>senta<span class=\"__6 _342\"></span>tion des dividende<span class=\"__6 _342\"></span>s ou des flux de tr<span class=\"__6 _342\"></span>\u00e9sorerie suit l<span class=\"__6 _342\"></span>a m\u00eame logique.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-246": {
   "value": "<div class=\"t_6 m4_6 h4_6 ff4_6 fs1_6 fc1_6 sc0_6 ls5_6 ws3_6 gs2_1\">3.   <span class=\"__6 _340\"></span>Annex<span class=\"__6 _336\"></span>es a<span class=\"__6 _336\"></span>ux \u00e9ta<span class=\"__6 _336\"></span>ts fina<span class=\"__6 _336\"></span>ncier<span class=\"__6 _336\"></span>s sous le s<span class=\"__6 _336\"></span>tat<span class=\"__6 _336\"></span>ut d\u2019E<span class=\"__6 _336\"></span>n<span class=\"__6 _336\"></span>tit\u00e9 d\u2019<span class=\"__6 _336\"></span>Inve<span class=\"__6 _336\"></span>sti<span class=\"__6 _336\"></span>ssemen<span class=\"__6 _336\"></span>t<span class=\"ff2_6\"> \u2013 r<span class=\"__6 _336\"></span>epren<span class=\"__6 _336\"></span>d les a<span class=\"__6 _336\"></span>nnex<span class=\"__6 _336\"></span>e<span class=\"__6 _336\"></span>s </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs3_1\">aux \u00e9t<span class=\"__6 _336\"></span>at<span class=\"__6 _336\"></span>s finan<span class=\"__6 _336\"></span>ciers c<span class=\"__6 _336\"></span>on<span class=\"__6 _336\"></span>solid\u00e9s de So<span class=\"__6 _336\"></span>fina so<span class=\"__6 _336\"></span>us le st<span class=\"__6 _336\"></span>at<span class=\"__6 _336\"></span>ut d\u2019E<span class=\"__6 _336\"></span>n<span class=\"__6 _336\"></span>tit\u00e9 d\u2019<span class=\"__6 _336\"></span>Inve<span class=\"__6 _336\"></span>sti<span class=\"__6 _336\"></span>ssemen<span class=\"__6 _336\"></span>t.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws15_6 gs2a\">P<span class=\"__6 _342\"></span>our r<span class=\"__6 _342\"></span>\u00e9concilier les \u00e9l\u00e9men<span class=\"__6 _342\"></span>ts li\u00e9s a<span class=\"__6 _342\"></span>u tota<span class=\"__6 _336\"></span>l du portef<span class=\"__6 _342\"></span>euille du gro<span class=\"__6 _342\"></span>upe avec le<span class=\"__6 _342\"></span>s \u00e9tats fin<span class=\"__6 _342\"></span>anciers<span class=\"__6 _342\"></span>, </div><div class=\"t_6 m1_6 h3_6 ff3_6 fs1_6 fc1_6 sc0_6 ls1_6 ws2_6 gs2b\">l\u2019inf<span class=\"__6 _342\"></span>ormati<span class=\"__6 _336\"></span>on est pr\u00e9<span class=\"__6 _342\"></span>sent\u00e9<span class=\"__6 _336\"></span>e de la mani\u00e8r<span class=\"__6 _342\"></span>e <span class=\"__6 _343\"></span>suivan<span class=\"__6 _342\"></span>te<span class=\"__6 gs2c\"> </span>:<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h4_6 ff4_6 fs1_6 fc1_6 sc0_6 ls1_6 ws16_6 gs2d\">\u2022 <span class=\"__6 _345\"> </span> T<span class=\"__6 _335\"></span>ot<span class=\"__6 _342\"></span>al <span class=\"__6 _345\"> </span><span class=\"ff2_6 ws17_6\">\u2013 qui r<span class=\"__6 _342\"></span>epr\u00e9sen<span class=\"__6 _342\"></span>te d\u2019une pa<span class=\"__6 _342\"></span>r<span class=\"__6 _343\"></span>t le to<span class=\"__6 _336\"></span>tal d<span class=\"__6 _336\"></span>u portef<span class=\"__6 _336\"></span>euille d\u2019inve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>t (le tot<span class=\"__6 _336\"></span>al des tr<span class=\"__6 _342\"></span>ois </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws18_6 gs2e\">styles d\u2019inve<span class=\"__6 _336\"></span>stiss<span class=\"__6 _336\"></span>emen<span class=\"__6 _342\"></span>t couverts par So<span class=\"__6 _336\"></span>fina Dir<span class=\"__6 _342\"></span>ect et Sofina F<span class=\"__6 _342\"></span>onds P<span class=\"__6 _342\"></span>riv\u00e9s) et d\u2019<span class=\"__6 _335\"></span>autre pa<span class=\"__6 _342\"></span>r<span class=\"__6 _343\"></span>t </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws19_6 gs2f\">des \u00e9l\u00e9men<span class=\"__6 _342\"></span>ts non allo<span class=\"__6 _336\"></span>u\u00e9s aux diff<span class=\"__6 _342\"></span>\u00e9rent<span class=\"__6 _336\"></span>s styles d\u2019inves<span class=\"__6 _342\"></span>tissemen<span class=\"__6 _342\"></span>t (c\u2019<span class=\"__6 _342\"></span>es<span class=\"__6 _342\"></span>t-\u00e0-dire les ch<span class=\"__6 _336\"></span>arge<span class=\"__6 _342\"></span>s et </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws1a_6 gs30\">prod<span class=\"__6 _342\"></span>uits ou autr<span class=\"__6 _336\"></span>es pos<span class=\"__6 _342\"></span>tes du bil<span class=\"__6 _342\"></span>an non suivis de ma<span class=\"__6 _342\"></span>ni\u00e8re segmen<span class=\"__6 _342\"></span>t\u00e9e pa<span class=\"__6 _336\"></span>r style d\u2019investi<span class=\"__6 _342\"></span>sse<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></div><div class=\"t_6 m1_6 h3_6 ff3_6 fs1_6 fc1_6 sc0_6 ls1_6 ws2_6 gs31\">men<span class=\"__6 _342\"></span>t), <span class=\"__6 _343\"></span>qu\u2019ils soien<span class=\"__6 _342\"></span>t repris dir<span class=\"__6 _342\"></span>ectemen<span class=\"__6 _342\"></span>t <span class=\"__6 _343\"></span>ou indir<span class=\"__6 _336\"></span>ect<span class=\"__6 _336\"></span>emen<span class=\"__6 _342\"></span>t <span class=\"__6 _343\"></span>\u00e0 tra<span class=\"__6 _336\"></span>ver<span class=\"__6 _336\"></span>s les filiale<span class=\"__6 _336\"></span>s de Sofina SA<span class=\"__6 gs2c\"> </span>;<span class=\"__6 _341\"> </span></div><div class=\"t_6 mc_4 h4_6 ff4_6 fs1_6 fc1_6 sc0_6 lsb_6 ws13_6 gs32\">\u2022 <span class=\"__6 _342\"></span>\u00c9l\u00e9men<span class=\"__6 _342\"></span>ts de r\u00e9con<span class=\"__6 _336\"></span>cilia<span class=\"__6 _342\"></span>tion avec le<span class=\"__6 _342\"></span>s \u00e9tats fin<span class=\"__6 _342\"></span>anciers<span class=\"ff2_6\"> \u2013 q<span class=\"__6 _336\"></span>ui repr<span class=\"__6 _342\"></span>\u00e9sen<span class=\"__6 _342\"></span>tent le<span class=\"__6 _342\"></span>s ajus<span class=\"__6 _336\"></span>temen<span class=\"__6 _342\"></span>ts </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws5_6 gs33\">n\u00e9ce<span class=\"__6 _342\"></span>ssaires po<span class=\"__6 _336\"></span>ur r\u00e9<span class=\"__6 _336\"></span>concilier le<span class=\"__6 _342\"></span>s d\u00e9tails par s<span class=\"__6 _342\"></span>t<span class=\"__6 _343\"></span>yle d\u2019investi<span class=\"__6 _336\"></span>ssemen<span class=\"__6 _342\"></span>t (tels qu\u2019utili<span class=\"__6 _336\"></span>s\u00e9s en in<span class=\"__6 _342\"></span>terne </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws1b_6 gs34\">dan<span class=\"__6 _342\"></span>s la gestion j<span class=\"__6 _342\"></span>ournali\u00e8r<span class=\"__6 _342\"></span>e du gro<span class=\"__6 _336\"></span>upe Sofina) a<span class=\"__6 _342\"></span>vec les \u00e9<span class=\"__6 _336\"></span>tat<span class=\"__6 _342\"></span>s financier<span class=\"__6 _342\"></span>s consolid\u00e9<span class=\"__6 _342\"></span>s sous le </div><div class=\"t_6 md_4 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 lsb_6 ws13_6 gs35\">sta<span class=\"__6 _342\"></span>tut d\u2019E<span class=\"__6 _342\"></span>ntit\u00e9 d\u2019<span class=\"__6 _342\"></span>Investis<span class=\"__6 _342\"></span>sement. C<span class=\"__6 _342\"></span>eux-ci consis<span class=\"__6 _342\"></span>tent en de<span class=\"__6 _342\"></span>s recla<span class=\"__6 _342\"></span>ssement<span class=\"__6 _336\"></span>s entr<span class=\"__6 _342\"></span>e les deux </div><div class=\"t_6 m1_6 h3_6 ff3_6 fs1_6 fc1_6 sc0_6 ls1_6 ws2_6 gs36\">vision<span class=\"__6 _342\"></span>s du por<span class=\"__6 _343\"></span>tef<span class=\"__6 _342\"></span>euille (en <span class=\"__6 _343\"></span>tra<span class=\"__6 _336\"></span>nspa<span class=\"__6 _342\"></span>rence ou pa<span class=\"__6 _342\"></span>s), <span class=\"__6 _343\"></span>comme expliq<span class=\"__6 _336\"></span>u\u00e9 au point 2.3 ci-apr<span class=\"__6 _342\"></span>\u00e8s<span class=\"__6 gs2c\"> </span>;<span class=\"__6 _341\"> </span></div><div class=\"t_6 me_3 h4_6 ff4_6 fs1_6 fc1_6 sc0_6 ls1_6 ws1c_6 gs37\">\u2022 \u00c9tat<span class=\"__6 _342\"></span>s <span class=\"__6 _a_5\"></span>financier<span class=\"__6 _342\"></span>s<span class=\"ff2_6 ws1d_6\"> \u2013 qui repr<span class=\"__6 _342\"></span>\u00e9sent<span class=\"__6 _342\"></span>ent les \u00e9t<span class=\"__6 _342\"></span>ats finan<span class=\"__6 _342\"></span>ciers con<span class=\"__6 _336\"></span>solid\u00e9s s<span class=\"__6 _336\"></span>ous le st<span class=\"__6 _342\"></span>atut d\u2019<span class=\"__6 _336\"></span>En<span class=\"__6 _342\"></span>tit\u00e9 </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws1e_6 gs38\">d\u2019Inv<span class=\"__6 _342\"></span>estissem<span class=\"__6 _336\"></span>ent.<span class=\"__6 _342\"></span>  </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws1f_6 gs39\">La pr\u00e9<span class=\"__6 _342\"></span>senta<span class=\"__6 _342\"></span>tion du r\u00e9<span class=\"__6 _342\"></span>sultat globa<span class=\"__6 _336\"></span>l et du b<span class=\"__6 _336\"></span>ilan e<span class=\"__6 _342\"></span>st regr<span class=\"__6 _342\"></span>oup\u00e9e telle qu\u2019<span class=\"__6 _335\"></span>elle appar<span class=\"__6 _342\"></span>a\u00eet dan<span class=\"__6 _342\"></span>s les </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws11_6 gs3a\">ra<span class=\"__6 _336\"></span>pports au ma<span class=\"__6 _336\"></span>nagemen<span class=\"__6 _342\"></span>t. La d\u00e9finition des t<span class=\"__6 _342\"></span>ermes se r<span class=\"__6 _336\"></span>etr<span class=\"__6 _342\"></span>ouve dan<span class=\"__6 _342\"></span>s la section \u00ab M<span class=\"__6 _336\"></span>esur<span class=\"__6 _342\"></span>es de </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs3b\">performa<span class=\"__6 _342\"></span>nce altern<span class=\"__6 _342\"></span>atives e<span class=\"__6 _342\"></span>t autre<span class=\"__6 _336\"></span>s terme<span class=\"__6 _342\"></span>s \u00bb.<span class=\"__6 _341\"> </span></div>SITU<span class=\"__6 _342\"></span>A<span class=\"__6 _335\"></span>TIO<span class=\"__6 _342\"></span>N AU 3<span class=\"__6 _342\"></span>1 D\u00c9C<span class=\"__6 _342\"></span>EMB<span class=\"__6 _342\"></span>RE 20<span class=\"__6 _342\"></span>25<span class=\"__6 _341\"> </span><table class=\"s_1 w1_1 h1a_6\" id=\"_2c30f665-f1ff-4d8a-878b-31e87cb2558f\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 xdd_4 hb_6 y388_3 ff4_6 fs5_6 fc0_6 sc0_6 ls2_6 ws29_6\">EN MILLIER<span class=\"__6 _342\"></span>S E<span class=\"__6 _343\"></span>UR<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hc_6 y389_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">R\u00c9<span class=\"__6 _342\"></span>SUL<span class=\"__6 _342\"></span>T<span class=\"__6 _335\"></span>A<span class=\"__6 _335\"></span>T GL<span class=\"__6 _342\"></span>OBAL (2<span class=\"__6 _342\"></span>025)<span class=\"ls2_6\"> </span></td><td class=\"t_6 m0_6 xdf_4 hc_6 y38a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">SOFINA DIRECT<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 xe0_4 hc_6 y389_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">SOFIN<span class=\"__6 _336\"></span>A FONDS </td><td class=\"t_6 m0_6 xe1_4 hc_6 y38a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1a_6 ws2d_6\">TOT<span class=\"__6 _342\"></span>A<span class=\"__6 _343\"></span>L<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 xe2_4 hc_6 y389_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9L\u00c9MENTS<span class=\"__6 _343\"></span> DE </td><td class=\"t_6 m0_6 xe3_4 hc_6 y38a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9T<span class=\"__6 _342\"></span>A<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>S FINAN<span class=\"__6 _343\"></span>CIERS<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 xe4_4 hc_6 y38b_2 ff4_6 fs6_6 fc2_6 sc0_6 ls19_6 ws2c_6\">PR<span class=\"__6 _343\"></span>I<span class=\"__6 _343\"></span>V\u00c9S<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 xe5_4 hc_6 y38b_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">R\u00c9CONCIL<span class=\"__6 _336\"></span>IA<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>ION<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y38d_2 w2_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Dividende<span class=\"__6 _336\"></span>s<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xe8_4 y38d_2 w3_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">48.564<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xe9_4 y38d_2 w4_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xea_4 y38d_2 w3_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">48.564<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xeb_4 y38d_2 w5_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">54.0<span class=\"__6 _342\"></span>16<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xec_4 y38d_2 w6_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">102.<span class=\"__6 _336\"></span>580<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y38f_2 w7_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xee_4 y38f_2 w8_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">48.564<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xed_4 y390_2 w9_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xef_4 y390_2 wa_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y391_2 wb_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">R\u00e9<span class=\"__6 _342\"></span>sultat net d<span class=\"__6 _342\"></span>u por<span class=\"__6 _343\"></span>tef<span class=\"__6 _336\"></span>euille d'inve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>t<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf0_4 y391_2 wc_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1d_6 ws31_6\">4<span class=\"__6 _a_5\"></span>7.<span class=\"__6 _343\"></span>5<span class=\"__6 _a_5\"></span>9<span class=\"__6 _a_5\"></span>5<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf1_4 y391_2 wd_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">110.<span class=\"__6 _335\"></span>139<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf2_4 y391_2 we_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">15<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>.<span class=\"__6 _342\"></span>734<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf3_4 y391_2 wf_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>.2<span class=\"__6 _342\"></span>46<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf4_3 y391_2 w10_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">50.488<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y392_2 w7_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf5_3 y392_2 w11_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-81.<span class=\"__6 _335\"></span>116<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xed_4 y393_2 w9_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf6_3 y393_2 w12_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">12<span class=\"__6 _342\"></span>8.711<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y394_2 w13_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Char<span class=\"__6 _342\"></span>ges de gestion<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 xf7_3 y394_2 w14_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-90.<span class=\"__6 _336\"></span>538<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf8_3 y394_2 w15_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">21.00<span class=\"__6 _342\"></span>3<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf9_3 y394_2 w16_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-69<span class=\"__6 _342\"></span>.535<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y396_2 w17_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1e_6 ws32_6\">Au<span class=\"__6 _343\"></span>tre<span class=\"__6 _343\"></span>s</div><div class=\"t_6 m0_6 xfa_3 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 xfb_3 y396_2 w18_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-2.2<span class=\"__6 _336\"></span>31<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xfc_3 y396_2 w19_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">32.22<span class=\"__6 _342\"></span>7<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xfd_3 y396_2 w1a_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">29<span class=\"__6 _342\"></span>.996<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w1b_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l du r\u00e9<span class=\"__6 _342\"></span>sultat global<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 xfe_3 y398_2 w1c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">113.<span class=\"__6 _342\"></span>529<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xff_3 y398_2 w1d_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x100_3 y398_2 w1c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">113.<span class=\"__6 _342\"></span>529<span class=\"__6 _341\"> </span></div></td></tr></table><table class=\"s_1 w1e_1 h1e_6\" id=\"_3dcd552d-1d77-4882-990d-6486265f295a\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x101_3 hb_6 y399_2 ff4_6 fs5_6 fc0_6 sc0_6 ls2_6 ws29_6\">EN MILLIER<span class=\"__6 _342\"></span>S E<span class=\"__6 _343\"></span>UR<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"c_1 n_1 xe7_4 y39b_2 w1f_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">BILAN (3<span class=\"__6 _342\"></span>1/12/2<span class=\"__6 _342\"></span>025)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x102_3 y39b_2 w20_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">SOFINA DIRECT<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 xe0_4 hc_6 y39c_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">SOFIN<span class=\"__6 _336\"></span>A FONDS </td><td class=\"t_6 m0_6 xe1_4 hc_6 y39d_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1a_6 ws2d_6\">TOT<span class=\"__6 _342\"></span>A<span class=\"__6 _343\"></span>L<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 xe2_4 hc_6 y39c_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9L\u00c9MENTS<span class=\"__6 _343\"></span> DE </td><td class=\"t_6 m0_6 xe3_4 hc_6 y39d_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9T<span class=\"__6 _342\"></span>A<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>S FINAN<span class=\"__6 _343\"></span>CIERS<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 xe4_4 hc_6 y39e_2 ff4_6 fs6_6 fc2_6 sc0_6 ls19_6 ws2c_6\">PR<span class=\"__6 _343\"></span>I<span class=\"__6 _343\"></span>V\u00c9S<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 xe5_4 hc_6 y39e_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">R\u00c9CONCIL<span class=\"__6 _336\"></span>IA<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>ION<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y39f_2 w21_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">P<span class=\"__6 _342\"></span>ortefe<span class=\"__6 _336\"></span>uille d'inves<span class=\"__6 _342\"></span>tissement<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x103_3 y39f_2 w22_1 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1f_6 ws34_5\">5.<span class=\"__6 _343\"></span>61<span class=\"__6 _343\"></span>6.<span class=\"__6 _343\"></span>028\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x104_3 y39f_2 w23_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4.89<span class=\"__6 _342\"></span>3.32<span class=\"__6 _342\"></span>9<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x105_3 y39f_2 w24_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _336\"></span>509<span class=\"__6 _342\"></span>.358<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x106_3 y39f_2 w25_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-399<span class=\"__6 _342\"></span>.377<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x107_2 y39f_2 w26_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _335\"></span>109.<span class=\"__6 _342\"></span>981<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a1_2 w7_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x108_2 y3a3_2 w27_1 h22_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a2_2 ff8_4 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.95<span class=\"__6 _342\"></span>3.849<span class=\"__6 _336\"></span><span class=\"__6 gs3f\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a4_2 w9_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x109_2 y3a5_2 w28_1 h22_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a2_2 ff8_4 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.662.<span class=\"__6 _335\"></span>179\ue064<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3a6_2 w29_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>r\u00e9sor<span class=\"__6 _342\"></span>erie nette<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x10a_2 y3a6_2 w2a_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">42<span class=\"__6 _336\"></span>9<span class=\"__6 _336\"></span>.62<span class=\"__6 _342\"></span>7<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x10b_2 y3a6_2 w2b_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-119<span class=\"__6 _342\"></span>.0<span class=\"__6 _342\"></span>16<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x10c_2 y3a6_2 w2c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">310<span class=\"__6 _342\"></span>.611<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a7_2 w2d_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>r\u00e9sor<span class=\"__6 _336\"></span>erie brute<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x10d_2 y3a7_2 w2e_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.<span class=\"__6 _342\"></span>72<span class=\"__6 _342\"></span>3.<span class=\"__6 _342\"></span>065<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x10e_2 y3a7_2 w2f_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-119.<span class=\"__6 _342\"></span>016<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x10f_2 y3a7_2 w30_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.604.<span class=\"__6 _342\"></span>049<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a8_2 w31_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Dette<span class=\"__6 _342\"></span>s financi\u00e8res<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x110_2 y3a8_2 w32_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-1.2<span class=\"__6 _336\"></span>93<span class=\"__6 _342\"></span>.438<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x111_2 y3a8_2 wa_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x112_2 y3a8_2 w32_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-1.2<span class=\"__6 _336\"></span>93<span class=\"__6 _342\"></span>.438<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3a9_2 w33_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Immobilisa<span class=\"__6 _342\"></span>tions (in)corpor<span class=\"__6 _342\"></span>elles<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x113_2 y3a9_2 w34_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">9<span class=\"__6 _342\"></span>.660<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x114_2 y3a9_2 w35_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-1.906<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x115_2 y3a9_2 w36_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">7<span class=\"__6 _335\"></span>.<span class=\"__6 _336\"></span>754<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y3aa_2 w37_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Autr<span class=\"__6 _342\"></span>es \u00e9l\u00e9ments de l'<span class=\"__6 _342\"></span>actif et d<span class=\"__6 _342\"></span>u passif</div><div class=\"t_6 m0_6 x116_2 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x117_2 y3aa_2 w38_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-105.<span class=\"__6 _342\"></span>772<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x118_2 y3aa_2 w39_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">520.298<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x119_2 y3aa_2 w3a_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">414.<span class=\"__6 _336\"></span>52<span class=\"__6 _342\"></span>6<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w3b_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls21_6 ws36_4\">N<span class=\"__6 _2f_4\"></span>AV<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x11a_2 y398_2 w3c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">10.842.8<span class=\"__6 _342\"></span>72<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x11b_2 y398_2 w1d_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x11c_2 y398_2 w3d_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">10.842.8<span class=\"__6 _342\"></span>72<span class=\"__6 _341\"> </span></div></td></tr></table>1 <span class=\"__6 _346\"> </span> Ceci com<span class=\"__6 _342\"></span>prend les pas<span class=\"__6 _342\"></span>sifs d\u2019imp\u00f4t diff\u00e9r\u00e9 (5<span class=\"__6 _336\"></span>,<span class=\"__6 _342\"></span>17 millions EUR d<span class=\"__6 _336\"></span>ans le r<span class=\"__6 _342\"></span>\u00e9sultat globa<span class=\"__6 _342\"></span>l repr\u00e9s<span class=\"__6 _336\"></span>ent<span class=\"__6 _336\"></span>ant u<span class=\"__6 _336\"></span>n mont<span class=\"__6 _342\"></span>ant to<span class=\"__6 _336\"></span>tal de 71,54 milli<span class=\"__6 _336\"></span>ons EUR d<span class=\"__6 _336\"></span>ans le<span class=\"__6 _342\"></span>s passifs) pour les diff\u00e9r<span class=\"__6 _342\"></span>ences tem<span class=\"__6 _336\"></span>porair<span class=\"__6 _342\"></span>es imposables c<span class=\"__6 _336\"></span>ompta<span class=\"__6 _342\"></span>bilis\u00e9es par certain<span class=\"__6 _336\"></span>es filiale<span class=\"__6 _342\"></span>s d\u2019investissem<span class=\"__6 _342\"></span>ent entr<span class=\"__6 _342\"></span>e la valeur com<span class=\"__6 _342\"></span>ptable et la ba<span class=\"__6 _342\"></span>se fiscale d\u2019inv<span class=\"__6 _336\"></span>estis<span class=\"__6 _342\"></span>sements du portef<span class=\"__6 _342\"></span>euille ayan<span class=\"__6 _342\"></span>t un impact sur leu<span class=\"__6 _336\"></span>r just<span class=\"__6 _342\"></span>e valeur com<span class=\"__6 _342\"></span>ptabilis\u00e9e d<span class=\"__6 _342\"></span>ans le portefe<span class=\"__6 _342\"></span>uille d\u2019investissem<span class=\"__6 _336\"></span>ent de So<span class=\"__6 _336\"></span>fina SA (voir po<span class=\"__6 _336\"></span>int 3<span class=\"__6 _342\"></span>.<span class=\"__6 _336\"></span>15). En outr<span class=\"__6 _342\"></span>e, il exist<span class=\"__6 _342\"></span>e des b\u00e9n\u00e9fices ac<span class=\"__6 _336\"></span>cumul\u00e9s a<span class=\"__6 _342\"></span>u sein de Sofina F<span class=\"__6 _342\"></span>onds Priv<span class=\"__6 _336\"></span>\u00e9s qui pourr<span class=\"__6 _342\"></span>aient devenir im<span class=\"__6 _342\"></span>posables \u00e0 un taux de 2<span class=\"__6 _342\"></span>5% dans le sc\u00e9n<span class=\"__6 _342\"></span>ario th\u00e9orique o\u00f9 les filia<span class=\"__6 _342\"></span>les d\u2019investis<span class=\"__6 _342\"></span>sement d\u00e9ten<span class=\"__6 _342\"></span>ant ce portef<span class=\"__6 _342\"></span>euille seraien<span class=\"__6 _336\"></span>t liquid\u00e9es e<span class=\"__6 _342\"></span>t o\u00f9 ces b\u00e9n\u00e9fices s<span class=\"__6 _336\"></span>eraien<span class=\"__6 _342\"></span>t distribu\u00e9s ju<span class=\"__6 _342\"></span>sque leur soci\u00e9t\u00e9 m<span class=\"__6 _342\"></span>\u00e8re Sofina SA, ce qui ne se m<span class=\"__6 _336\"></span>at\u00e9ri<span class=\"__6 _342\"></span>alisera t<span class=\"__6 _336\"></span>outef<span class=\"__6 _342\"></span>ois pas da<span class=\"__6 _336\"></span>ns le con<span class=\"__6 _342\"></span>texte a<span class=\"__6 _336\"></span>ctuel de con<span class=\"__6 _342\"></span>tinuit\u00e9 d\u2019<span class=\"__6 _342\"></span>explo<span class=\"__6 _336\"></span>itati<span class=\"__6 _336\"></span>on. En f<span class=\"__6 _336\"></span>onction des s<span class=\"__6 _336\"></span>c\u00e9nario<span class=\"__6 _342\"></span>s th\u00e9oriques envisag\u00e9s (c<span class=\"__6 _342\"></span>omme une vent<span class=\"__6 _342\"></span>e ou une liquidati<span class=\"__6 _342\"></span>on de Sofina Fond<span class=\"__6 _336\"></span>s Priv<span class=\"__6 _336\"></span>\u00e9s), 0 \u00e0 61% de la Net A<span class=\"__6 _336\"></span>sset V<span class=\"__6 _342\"></span>al<span class=\"__6 _342\"></span>ue des filiales d\u2019inves<span class=\"__6 _336\"></span>tissemen<span class=\"__6 _342\"></span>t d\u00e9tenan<span class=\"__6 _342\"></span>t Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9s po<span class=\"__6 _336\"></span>urraien<span class=\"__6 _342\"></span>t \u00eatre impo<span class=\"__6 _342\"></span>sables \u00e0 25%. Ce<span class=\"__6 _342\"></span>t imp\u00f4t hypoth<span class=\"__6 _336\"></span>\u00e9tique n<span class=\"__6 _336\"></span>\u2019<span class=\"__6 _342\"></span>a toutef<span class=\"__6 _342\"></span>ois pas \u00e9t<span class=\"__6 _342\"></span>\u00e9 comptab<span class=\"__6 _336\"></span>ilis\u00e9 car s<span class=\"__6 _336\"></span>es \u00e9v<span class=\"__6 _342\"></span>\u00e9nements d\u00e9clenc<span class=\"__6 _336\"></span>heurs s<span class=\"__6 _342\"></span>ont sous le con<span class=\"__6 _342\"></span>tr\u00f4le de Sofina SA et n<span class=\"__6 _342\"></span>e sont pas pr<span class=\"__6 _342\"></span>obables. P<span class=\"__6 _342\"></span>ar ailleurs<span class=\"__6 _336\"></span>, les filiales d\u2019inv<span class=\"__6 _342\"></span>estissemen<span class=\"__6 _342\"></span>t de Sofina SA ne comp<span class=\"__6 _342\"></span>tabilisen<span class=\"__6 _342\"></span>t pas d\u2019<span class=\"__6 _342\"></span>actifs d\u2019imp\u00f4t diff\u00e9r<span class=\"__6 _342\"></span>\u00e9 pour les pertes fisc<span class=\"__6 _336\"></span>ales r<span class=\"__6 _342\"></span>eport\u00e9es, car leu<span class=\"__6 _342\"></span>r r\u00e9cup\u00e9ra<span class=\"__6 _342\"></span>tion n\u2019<span class=\"__6 _342\"></span>est pa<span class=\"__6 _342\"></span>s consid\u00e9r\u00e9e c<span class=\"__6 _342\"></span>omme probable. I<span class=\"__6 _336\"></span>ci aussi, \u00e9<span class=\"__6 _342\"></span>tant donn\u00e9 qu\u2019<span class=\"__6 _342\"></span>aucun ac<span class=\"__6 _336\"></span>tif d\u2019imp\u00f4t diff<span class=\"__6 _336\"></span>\u00e9r\u00e9 n<span class=\"__6 _336\"></span>\u2019<span class=\"__6 _342\"></span>est c<span class=\"__6 _336\"></span>ompta<span class=\"__6 _342\"></span>bilis\u00e9 par les filiale<span class=\"__6 _342\"></span>s d\u2019investiss<span class=\"__6 _336\"></span>ement \u00e0 c<span class=\"__6 _336\"></span>et \u00e9gar<span class=\"__6 _342\"></span>d, leur just<span class=\"__6 _336\"></span>e valeu<span class=\"__6 _336\"></span>r n\u2019<span class=\"__6 _335\"></span>en est pas aff<span class=\"__6 _342\"></span>ect\u00e9e.<span class=\"__6 _341\"> </span>L<span class=\"__6 _342\"></span>e tableau de flux de tr<span class=\"__6 _342\"></span>\u00e9sor<span class=\"__6 _342\"></span>erie de gestion ci-de<span class=\"__6 _342\"></span>ssous pr<span class=\"__6 _342\"></span>\u00e9sent<span class=\"__6 _342\"></span>e les inf<span class=\"__6 _342\"></span>ormation<span class=\"__6 _342\"></span>s rela<span class=\"__6 _342\"></span>tives aux flux de tr<span class=\"__6 _342\"></span>\u00e9sor<span class=\"__6 _342\"></span>erie en tran<span class=\"__6 _342\"></span>spar<span class=\"__6 _336\"></span>ence pou<span class=\"__6 _336\"></span>r tout<span class=\"__6 _342\"></span>es les filia<span class=\"__6 _336\"></span>les du gr<span class=\"__6 _342\"></span>oupe.<span class=\"__6 _341\"> </span><table class=\"s_1 w3e_1 h23_4\" id=\"_523b778d-6cd2-4bb8-9154-6c3fee091985\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x11d_1 hb_6 y3ab_2 ff4_6 fs5_6 fc0_6 sc0_6 ls2_6 ws29_6\">EN MILLIER<span class=\"__6 _342\"></span>S E<span class=\"__6 _343\"></span>UR<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hc_6 y3ac_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">FL<span class=\"__6 _342\"></span>UX DE TR\u00c9<span class=\"__6 _342\"></span>SOR<span class=\"__6 _342\"></span>ERIE DE GE<span class=\"__6 _342\"></span>STIO<span class=\"__6 _342\"></span>N (202<span class=\"__6 _342\"></span>5)<span class=\"ls2_6\"> </span></td><td class=\"t_6 m0_6 x11e_1 hc_6 y3ad_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">SOFINA DIRECT<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x11f_1 hc_6 y3ac_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">SOFIN<span class=\"__6 _336\"></span>A FONDS </td><td class=\"c_1 n_1 x120_1 y3ae_2 w3f_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">CAS<span class=\"__6 _342\"></span>H BRUT<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x121_1 y3ae_2 w40_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">DET<span class=\"__6 _343\"></span>T<span class=\"__6 _343\"></span>ES FINANCI\u00c8RES<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x122_1 y3ae_2 w41_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">CAS<span class=\"__6 _342\"></span>H NET<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x123_1 hc_6 y3af_2 ff4_6 fs6_6 fc2_6 sc0_6 ls19_6 ws2c_6\">PR<span class=\"__6 _343\"></span>I<span class=\"__6 _343\"></span>V\u00c9S<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3b1_2 w42_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y3b0_2 ff4_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>r\u00e9sor<span class=\"__6 _342\"></span>erie nette \u00e0 l'<span class=\"__6 _342\"></span>ouverture de l'<span class=\"__6 _342\"></span>ex<span class=\"__6 _342\"></span>ercice<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x124_1 y3b1_2 w43_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y3b0_2 ff4_6 fs7_6 fc0_6 sc0_6 ls20_6 ws35_4\">1.031.03<span class=\"__6 _343\"></span>3<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x125_1 y3b1_2 w44_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y3b0_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">-69<span class=\"__6 _336\"></span>7<span class=\"__6 _335\"></span>.0<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>4<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x126_1 y3b1_2 w45_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y3b0_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">333<span class=\"__6 _342\"></span>.95<span class=\"__6 _342\"></span>9<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y3b3_2 w46_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Dividende<span class=\"__6 _336\"></span>s</div><div class=\"t_6 m0_6 x127_1 hf_6 y3b2_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x128_1 y3b3_2 w47_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">49<span class=\"__6 _342\"></span>.92<span class=\"__6 _336\"></span>9<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x129_1 y3b3_2 w4_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x12a_1 y3b3_2 w47_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">49<span class=\"__6 _342\"></span>.92<span class=\"__6 _336\"></span>9<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x12b_1 y3b3_2 w47_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">49<span class=\"__6 _342\"></span>.92<span class=\"__6 _336\"></span>9<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y3b4_2 w48_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Char<span class=\"__6 _342\"></span>ges de gestion</div><div class=\"t_6 m0_6 x12c_1 hf_6 y3b2_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">2<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x12d_1 y3b4_2 w49_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-7<span class=\"__6 _335\"></span>4.<span class=\"__6 _342\"></span>197<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x12e_1 y3b4_2 w4a_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-7<span class=\"__6 _335\"></span>4.<span class=\"__6 _342\"></span>19<span class=\"__6 _342\"></span>7<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3b5_2 w4b_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Inves<span class=\"__6 _342\"></span>tissement<span class=\"__6 _342\"></span>s en por<span class=\"__6 _343\"></span>tef<span class=\"__6 _342\"></span>euille<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x12f_1 y3b5_2 w4c_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-62<span class=\"__6 _342\"></span>0.260<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x130_1 y3b5_2 w4d_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-5<span class=\"__6 _342\"></span>18.492<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x131_1 y3b5_2 w4e_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-1.<span class=\"__6 _342\"></span>138.<span class=\"__6 _336\"></span>752<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x132_1 y3b5_2 w4f_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-1.<span class=\"__6 _342\"></span>138.<span class=\"__6 _342\"></span>752<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3b6_2 w50_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9sinve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>ts du portefe<span class=\"__6 _342\"></span>uille<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x133_1 y3b6_2 w51_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">38<span class=\"__6 _336\"></span>7<span class=\"__6 _335\"></span>.94<span class=\"__6 _336\"></span>1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x134_1 y3b6_2 w52_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">456<span class=\"__6 _342\"></span>.868<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x135_1 y3b6_2 w53_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">844.809<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x136_1 y3b6_2 w54_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">844.809<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3b7_2 w55_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Dividende v<span class=\"__6 _336\"></span>ers\u00e9<span class=\"__6 _342\"></span>s<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x137_1 y3b7_2 w56_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-115.<span class=\"__6 _342\"></span>792<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x138_1 y3b7_2 w56_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-115.<span class=\"__6 _342\"></span>792<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3b8_2 w57_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Autr<span class=\"__6 _342\"></span>es \u00e9l\u00e9ments<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x139_1 y3b8_2 w58_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-7<span class=\"__6 _335\"></span>.562<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x13a_1 y3b8_2 w59_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-858<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x13b_1 y3b8_2 w5a_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-8.42<span class=\"__6 _342\"></span>0<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3b9_2 w5b_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Augmen<span class=\"__6 _342\"></span>tation de ca<span class=\"__6 _336\"></span>pital<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x13c_1 y3b9_2 w5c_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">538.<span class=\"__6 _342\"></span>091<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x13d_1 y3b9_2 w5d_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">538.<span class=\"__6 _342\"></span>091<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3a9_2 w5e_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Enc<span class=\"__6 _342\"></span>aissement<span class=\"__6 _342\"></span>s prov<span class=\"__6 _336\"></span>enan<span class=\"__6 _342\"></span>t de dettes fin<span class=\"__6 _336\"></span>anci<span class=\"__6 _336\"></span>\u00e8re<span class=\"__6 _342\"></span>s<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x13e_1 y3a9_2 w5f_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5<span class=\"__6 _342\"></span>95.506<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x13f_1 y3a9_2 w60_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-595.<span class=\"__6 _336\"></span>506<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x140_1 y3a9_2 wa_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3aa_2 w61_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Rem<span class=\"__6 _342\"></span>boursemen<span class=\"__6 _342\"></span>ts de dettes fin<span class=\"__6 _342\"></span>anci\u00e8re<span class=\"__6 _342\"></span>s<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x141_1 y3aa_2 wa_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x142_1 y3aa_2 w4_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x143_1 y3aa_2 w4_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w62_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>r\u00e9sor<span class=\"__6 _342\"></span>erie nette \u00e0 la cl\u00f4<span class=\"__6 _342\"></span>ture de l\u2019<span class=\"__6 _342\"></span>e<span class=\"__6 _336\"></span>xer<span class=\"__6 _342\"></span>cice<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x144_1 y398_2 w63_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.<span class=\"__6 _342\"></span>723<span class=\"__6 _342\"></span>.065<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x145_1 y398_2 w64_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">-1.2<span class=\"__6 _336\"></span>93<span class=\"__6 _342\"></span>.438<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x146_1 y398_2 w65_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">42<span class=\"__6 _336\"></span>9<span class=\"__6 _342\"></span>.627<span class=\"__6 _341\"> </span></div></td></tr></table><table class=\"s_1 w66_1 h25_3\" id=\"_2af3502e-ca41-4f8b-ae1c-759d33afa508\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x147_1 hb_6 y3ba_2 ffa_2 fs5_6 fc0_6 sc0_6 ls23_6 ws37_4\"><span class=\"__6 gs4a\"> </span><span class=\"__6 _4b_3\"> </span><span class=\"ff4_6 ls2_6 ws29_6\">EN MILLIER<span class=\"__6 _342\"></span>S E<span class=\"__6 _343\"></span>UR<span class=\"__6 _341\"> </span></span></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 x149_1 y3bc_2 w67_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">INVE<span class=\"__6 _342\"></span>STIS<span class=\"__6 _336\"></span>SEM<span class=\"__6 _336\"></span>ENTS</div><div class=\"t_6 m0_6 x148_1 h12_6 y3bb_2 ff4_6 fsa_6 fc2_6 sc0_6 ls2_6 ws39_4\">3<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 x14c_1 y3bd_2 w68_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls24_6 ws3a_4\">D\u00c9SINVESTISSEMENTS</div><div class=\"t_6 m0_6 x14a_1 h12_6 y3bb_2 ff4_6 fsa_6 fc2_6 sc0_6 ls2_6 ws39_4\">3</div><div class=\"t_6 m0_6 x14b_1 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">ET<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3be_2 w69_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">PORTE<span class=\"__6 _342\"></span>FEUIL<span class=\"__6 _336\"></span>LE D<span class=\"__6 _336\"></span>\u2019INV<span class=\"__6 _342\"></span>ESTI<span class=\"__6 _342\"></span>SSEMENT B<span class=\"__6 _342\"></span>RIDGE (2<span class=\"__6 _342\"></span>025)</div></td><td class=\"c_1 n_1 x14d_1 y3be_2 w6a_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">JUS<span class=\"__6 _342\"></span>TE V<span class=\"__6 _342\"></span>ALEUR<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x14e_1 hc_6 y3bf_2 ff4_6 fs6_6 fc2_6 sc0_6 ls25_6 ws3b_4\">REVEN<span class=\"__6 _343\"></span>US<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 x14f_1 hc_6 y3c0_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\" colspan=\"2\">JUS<span class=\"__6 _342\"></span>TE V<span class=\"__6 _342\"></span>ALEUR<span class=\"__6 _336\"></span> </td><td class=\"t_6 m0_6 x101_3 hc_6 y3c1_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">CR\u00c9A<span class=\"__6 _342\"></span>TION DE </td></tr><tr><td></td><td class=\"t_6 m0_6 x150_1 hc_6 y3c2_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">AU 3<span class=\"__6 _342\"></span>1/12/2<span class=\"__6 _342\"></span>024<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td class=\"c_1 n_1 x151_1 y3c3_2 w6b_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls26_6 ws3c_4\">EFFET<span class=\"__6 _343\"></span> BOURSE<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x152_1 y3c3_2 w6c_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">EFFET CHANG<span class=\"__6 _343\"></span>E</div></td><td class=\"c_1 n_1 x153_1 y3c4_2 w6d_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">AU</div></td><td class=\"c_1 n_1 x154_1 y3c4_2 w6e_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">3<span class=\"__6 _342\"></span>1/12/2<span class=\"__6 _342\"></span>025<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 x155_1 hc_6 y3c5_2 ff4_6 fs6_6 fc2_6 sc0_6 ls27_6 ws3d_4\">VA<span class=\"__6 _343\"></span>L<span class=\"__6 _2f_4\"></span>E<span class=\"__6 _2f_4\"></span>U<span class=\"__6 _2f_4\"></span>R<span class=\"__6 _343\"></span><span class=\"ls2_6 ws0_6\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c_1 x157 y3c6_2 w6f_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">%</div><div class=\"t_6 m0_6 x156_1 h12_6 y3bb_2 ff4_6 fsa_6 fc2_6 sc0_6 ls2_6 ws39_4\">4<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c_1 n_1 x158 y3c7_2 w70_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls28_6 ws3e_4\">CASH</div></td><td class=\"c_1 x15a y3c7_2 w71_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">NON-CASH</div><div class=\"t_6 m0_6 x159 h12_6 y3bb_2 ff4_6 fsa_6 fc2_6 sc0_6 ls2_6 ws39_4\">5<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x15b y3c7_2 w70_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls28_6 ws3e_4\">CASH</div></td><td class=\"c_1 x15d y3c7_2 w72_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">NON-CASH</div><div class=\"t_6 m0_6 x15c h12_6 y3bb_2 ff4_6 fsa_6 fc2_6 sc0_6 ls2_6 ws39_4\">5<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3c8_2 w73_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofina Dir<span class=\"__6 _342\"></span>ect<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x15e y3c8_2 w74_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5.33<span class=\"__6 _342\"></span>1.222<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x15f y3c8_2 w75_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">619<span class=\"__6 _342\"></span>.75<span class=\"__6 _342\"></span>3<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x160 y3c8_2 w76_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4.<span class=\"__6 _336\"></span>331<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x161 y3c8_2 w77_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-435.<span class=\"__6 _342\"></span>752<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x162 y3c8_2 w78_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-3.48<span class=\"__6 _342\"></span>9<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x163 y3c8_2 w79_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">447<span class=\"__6 _335\"></span>.410<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x164 y3c8_2 w7a_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-347<span class=\"__6 _335\"></span>.44<span class=\"__6 _342\"></span>7<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x165 y3c8_2 w7b_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1f_6 ws34_5\">5.<span class=\"__6 _343\"></span>61<span class=\"__6 _343\"></span>6.<span class=\"__6 _343\"></span>028<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x166 y3c8_2 w7c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3c9_2 w7d_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofina F<span class=\"__6 _342\"></span>onds P<span class=\"__6 _342\"></span>riv\u00e9s<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x167 y3c9_2 w7e_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls29_6 ws3f_4\">4.723.036<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x168 y3c9_2 w7f_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">518.<span class=\"__6 _342\"></span>542<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x169 y3c9_2 w80_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1d_6 ws31_6\">7.<span class=\"__6 _2f_4\"></span>5<span class=\"__6 _2f_4\"></span>7<span class=\"__6 _2f_4\"></span>0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x16a y3c9_2 w81_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-462.326<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x16b y3c9_2 w82_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-3.<span class=\"__6 _342\"></span>627<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x16c y3c9_2 w83_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">68<span class=\"__6 _336\"></span>7<span class=\"__6 _335\"></span>.430<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x16d y3c9_2 w84_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-5<span class=\"__6 _342\"></span>77<span class=\"__6 _342\"></span>.2<span class=\"__6 _342\"></span>95<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x16e y3c9_2 w85_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4.89<span class=\"__6 _342\"></span>3.330<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x16f y3c9_2 w7c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w86_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l portefeuille d'inv<span class=\"__6 _342\"></span>estiss<span class=\"__6 _336\"></span>ement<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x170 y398_2 w87_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _342\"></span>054.258<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x171 y398_2 w88_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.<span class=\"__6 _342\"></span>138.2<span class=\"__6 _342\"></span>95<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x172 y398_2 w89_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">11.90<span class=\"__6 _342\"></span>1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x173 y398_2 w8a_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">-898.<span class=\"__6 _342\"></span>07<span class=\"__6 _342\"></span>8<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x174 y398_2 w8b_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">-7<span class=\"__6 _335\"></span>.<span class=\"__6 _342\"></span>116<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x175 y398_2 w7b_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.<span class=\"__6 _335\"></span>134.84<span class=\"__6 _343\"></span>0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x176 y398_2 w8c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">-92<span class=\"__6 _336\"></span>4.<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>42<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x177 y398_2 w8d_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">10<span class=\"__6 _336\"></span>.509<span class=\"__6 _342\"></span>.358<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x178 y398_2 w8e_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">2%<span class=\"__6 _341\"> </span></div></td></tr></table>1 <span class=\"__6 _346\"> </span>  <span class=\"__6 _340\"></span>La dif<span class=\"__6 _343\"></span>f\u00e9r<span class=\"__6 _342\"></span>ence avec les divi<span class=\"__6 _342\"></span>dendes pr\u00e9sen<span class=\"__6 _342\"></span>t\u00e9s dan<span class=\"__6 _342\"></span>s le r\u00e9sulta<span class=\"__6 _342\"></span>t global est principalem<span class=\"__6 _336\"></span>ent due \u00e0 de<span class=\"__6 _342\"></span>s d\u00e9calages en<span class=\"__6 _342\"></span>tre les p\u00e9riodes de d\u00e9cl<span class=\"__6 _342\"></span>aration et de p<span class=\"__6 _336\"></span>aiemen<span class=\"__6 _336\"></span>t (c\u2019<span class=\"__6 _342\"></span>est-\u00e0-dir<span class=\"__6 _342\"></span>e aux diff\u00e9renc<span class=\"__6 _336\"></span>es lorsque l<span class=\"__6 _342\"></span>a d\u00e9clarati<span class=\"__6 _342\"></span>on d\u2019un dividende et son impact c<span class=\"__6 _336\"></span>ash on<span class=\"__6 _342\"></span>t lieu au cour<span class=\"__6 _342\"></span>s de deux exer<span class=\"__6 _342\"></span>cices diff\u00e9ren<span class=\"__6 _342\"></span>ts) et aux re<span class=\"__6 _342\"></span>tenues \u00e0 la sour<span class=\"__6 _342\"></span>ce.<span class=\"__6 _341\"> </span>2 <span class=\"__6 _347\"> </span> La diff\u00e9ren<span class=\"__6 _336\"></span>ce av<span class=\"__6 _342\"></span>ec les charges de ge<span class=\"__6 _342\"></span>stion pr\u00e9sen<span class=\"__6 _342\"></span>t\u00e9es dan<span class=\"__6 _342\"></span>s le r\u00e9sulta<span class=\"__6 _342\"></span>t global est principalem<span class=\"__6 _342\"></span>ent due aux cha<span class=\"__6 _336\"></span>rges non d\u00e9c<span class=\"__6 _336\"></span>aiss\u00e9e<span class=\"__6 _336\"></span>s, aux dett<span class=\"__6 _342\"></span>es envers les f<span class=\"__6 _342\"></span>ournisseur<span class=\"__6 _342\"></span>s, au paiement diff<span class=\"__6 _342\"></span>\u00e9r\u00e9 du plan d\u2019in<span class=\"__6 _342\"></span>t\u00e9res<span class=\"__6 _336\"></span>sement \u00e0 lon<span class=\"__6 _342\"></span>g terme (L<span class=\"__6 _342\"></span>TIP) et de<span class=\"__6 _342\"></span>s plans d\u2019<span class=\"__6 _335\"></span>options octroy\u00e9s.<span class=\"__6 _341\"> </span>3 <span class=\"__6 _347\"> </span> Hors tr<span class=\"__6 _342\"></span>ansferts in<span class=\"__6 _342\"></span>tragroupe<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span>4 <span class=\"__6 _347\"> </span> (Juste v<span class=\"__6 _342\"></span>aleur \u00e0 la fin de l\u2019<span class=\"__6 _335\"></span>exercic<span class=\"__6 _342\"></span>e + d\u00e9sinvestis<span class=\"__6 _336\"></span>semen<span class=\"__6 _336\"></span>ts et r<span class=\"__6 _342\"></span>evenus de l\u2019<span class=\"__6 _335\"></span>exer<span class=\"__6 _342\"></span>cice) divis\u00e9s par (l<span class=\"__6 _336\"></span>a just<span class=\"__6 _342\"></span>e valeur au d\u00e9bu<span class=\"__6 _336\"></span>t de l\u2019<span class=\"__6 _342\"></span>ex<span class=\"__6 _342\"></span>ercice + inve<span class=\"__6 _336\"></span>stiss<span class=\"__6 _336\"></span>ement<span class=\"__6 _336\"></span>s de l\u2019<span class=\"__6 _342\"></span>ex<span class=\"__6 _342\"></span>ercice).<span class=\"__6 _341\"> </span>5 <span class=\"__6 _347\"> </span> Se compo<span class=\"__6 _342\"></span>se principalement d\u2019un r<span class=\"__6 _342\"></span>\u00e9investis<span class=\"__6 _342\"></span>sement non d\u00e9cai<span class=\"__6 _336\"></span>ss\u00e9 suite \u00e0 u<span class=\"__6 _336\"></span>n d\u00e9sinve<span class=\"__6 _336\"></span>stissem<span class=\"__6 _342\"></span>ent, d\u2019<span class=\"__6 _342\"></span>escr<span class=\"__6 _342\"></span>ows et de diff\u00e9r<span class=\"__6 _342\"></span>ences cons<span class=\"__6 _336\"></span>tat<span class=\"__6 _342\"></span>\u00e9es lorsque la r<span class=\"__6 _342\"></span>\u00e9alisation d\u2019une tr<span class=\"__6 _342\"></span>ansaction e<span class=\"__6 _342\"></span>t son impact cash in<span class=\"__6 _342\"></span>terviennent sur deux e<span class=\"__6 _336\"></span>xer<span class=\"__6 _342\"></span>cices diff\u00e9ren<span class=\"__6 _342\"></span>ts.. SITU<span class=\"__6 _342\"></span>A<span class=\"__6 _335\"></span>TIO<span class=\"__6 _342\"></span>N AU 3<span class=\"__6 _342\"></span>1 D\u00c9C<span class=\"__6 _342\"></span>EMB<span class=\"__6 _342\"></span>RE 20<span class=\"__6 _342\"></span>2<span class=\"__6 _342\"></span>4<span class=\"__6 _341\"> </span><table class=\"s_1 w3e_1 h26_2\" id=\"_8dcb7c94-6d79-4259-b8f0-91ecb4a7308e\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x11d_1 hb_6 y3ca_2 ff4_6 fs5_6 fc0_6 sc0_6 ls2_6 ws29_6\">EN MILLIER<span class=\"__6 _342\"></span>S E<span class=\"__6 _343\"></span>UR<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"c_1 n_1 xe7_4 y39b_2 w8f_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">R\u00c9<span class=\"__6 _342\"></span>SUL<span class=\"__6 _342\"></span>T<span class=\"__6 _335\"></span>A<span class=\"__6 _335\"></span>T GL<span class=\"__6 _342\"></span>OBAL (2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>4)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x179 y39b_2 w20_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">SOFINA DIRECT<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 x11f_1 hc_6 y3cb_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">SOFIN<span class=\"__6 _336\"></span>A FONDS </td><td class=\"t_6 m0_6 x17a hc_6 y3cc_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1a_6 ws2d_6\">TOT<span class=\"__6 _342\"></span>A<span class=\"__6 _343\"></span>L<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x17b hc_6 y3cb_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9L\u00c9MENTS<span class=\"__6 _343\"></span> DE </td><td class=\"t_6 m0_6 x17c hc_6 y3cc_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9T<span class=\"__6 _342\"></span>A<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>S FINAN<span class=\"__6 _343\"></span>CIERS<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x123_1 hc_6 y3cd_2 ff4_6 fs6_6 fc2_6 sc0_6 ls19_6 ws2c_6\">PR<span class=\"__6 _343\"></span>I<span class=\"__6 _343\"></span>V\u00c9S<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 x17d hc_6 y3cd_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">R\u00c9CONCIL<span class=\"__6 _336\"></span>IA<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>ION<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3ce_2 w2_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Dividende<span class=\"__6 _336\"></span>s<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x17e y3ce_2 w90_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>.<span class=\"__6 _342\"></span>196<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x17f y3ce_2 w91_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">2.<span class=\"__6 _343\"></span>526<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x180 y3ce_2 w92_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2b_6 ws41_4\">59.7<span class=\"__6 _343\"></span>2<span class=\"__6 _343\"></span>2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x181 y3ce_2 w93_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">9<span class=\"__6 _342\"></span>72.32<span class=\"__6 _342\"></span>4<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x182 y3ce_2 w94_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.0<span class=\"__6 _342\"></span>32.046<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a1_2 w7_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x183 y3a1_2 w95_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2c_6 ws42_4\">49.<span class=\"__6 _2f_4\"></span>85<span class=\"__6 _343\"></span>2<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a4_2 w9_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x184 y3a4_2 w96_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1d_6 ws31_6\">7.<span class=\"__6 _2f_4\"></span>3<span class=\"__6 _a_5\"></span>4<span class=\"__6 _a_5\"></span>4<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3cf_2 wb_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">R\u00e9<span class=\"__6 _342\"></span>sultat net d<span class=\"__6 _342\"></span>u por<span class=\"__6 _343\"></span>tef<span class=\"__6 _336\"></span>euille d'inve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>t<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x185 y3cf_2 w97_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">862.<span class=\"__6 _342\"></span>752<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x186 y3cf_2 w98_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">52<span class=\"__6 _342\"></span>3.2<span class=\"__6 _342\"></span>48<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x187 y3cf_2 w99_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.386.<span class=\"__6 _342\"></span>000<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x188 y3cf_2 w9a_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-1.<span class=\"__6 _336\"></span>02<span class=\"__6 _342\"></span>9.<span class=\"__6 _342\"></span>710<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x189 y3cf_2 w9b_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">356.2<span class=\"__6 _342\"></span>90<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a7_2 w7_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xee_4 y3a7_2 w9c_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2d_6 ws43_4\">537<span class=\"__6 _335\"></span>.316<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a8_2 w9_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x18a y3a8_2 w9d_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">32<span class=\"__6 _342\"></span>5.436<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3d0_2 w13_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Char<span class=\"__6 _342\"></span>ges de gestion<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x18b y3d0_2 w9e_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-84.34<span class=\"__6 _336\"></span>1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x18c y3d0_2 w9f_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2<span class=\"__6 _336\"></span>0.822<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x18d y3d0_2 wa0_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-63<span class=\"__6 _342\"></span>.519<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y3d1_2 w17_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1e_6 ws32_6\">Au<span class=\"__6 _343\"></span>tre<span class=\"__6 _343\"></span>s</div><div class=\"t_6 m0_6 xfa_3 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x18e y3d1_2 wa1_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-2.55<span class=\"__6 _342\"></span>9<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x18f y3d1_2 wa2_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">36.564<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x190 y3d1_2 wa3_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">34.005<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w1b_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l du r\u00e9<span class=\"__6 _342\"></span>sultat global<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x191 y398_2 wa4_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.358.822<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x192 y398_2 wa5_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x193 y398_2 wa6_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.358.822<span class=\"__6 _341\"> </span></div></td></tr></table><table class=\"s_1 w3e_1 h1e_6\" id=\"_f1cc13e8-37d5-410f-ae04-f5c45d6dffec\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x11d_1 hb_6 y3d2_2 ff4_6 fs5_6 fc0_6 sc0_6 ls2_6 ws29_6\">EN MILLIER<span class=\"__6 _342\"></span>S E<span class=\"__6 _343\"></span>UR<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"c_1 n_1 xe7_4 y39b_2 wa7_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">BILAN (3<span class=\"__6 _342\"></span>1/12/2<span class=\"__6 _342\"></span>02<span class=\"__6 _336\"></span>4)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x194 y39b_2 w20_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">SOFINA DIRECT<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 x11f_1 hc_6 y3d3_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">SOFIN<span class=\"__6 _336\"></span>A FONDS </td><td class=\"t_6 m0_6 x17a hc_6 y3cc_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1a_6 ws2d_6\">TOT<span class=\"__6 _342\"></span>A<span class=\"__6 _343\"></span>L<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x17b hc_6 y3d3_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9L\u00c9MENTS<span class=\"__6 _343\"></span> DE </td><td class=\"t_6 m0_6 x17c hc_6 y3cc_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9T<span class=\"__6 _342\"></span>A<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>S FINAN<span class=\"__6 _343\"></span>CIERS<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x123_1 hc_6 y3d4_2 ff4_6 fs6_6 fc2_6 sc0_6 ls19_6 ws2c_6\">PR<span class=\"__6 _343\"></span>I<span class=\"__6 _343\"></span>V\u00c9S<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 x17d hc_6 y3d4_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">R\u00c9CONCIL<span class=\"__6 _336\"></span>IA<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>ION<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y39f_2 w21_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">P<span class=\"__6 _342\"></span>ortefe<span class=\"__6 _336\"></span>uille d'inves<span class=\"__6 _342\"></span>tissement<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x195 y39f_2 wa8_1 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5.33<span class=\"__6 _342\"></span>1.222\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x196 y39f_2 wa9_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls29_6 ws3f_4\">4.723.036<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x197 y39f_2 waa_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10.054.2<span class=\"__6 _342\"></span>58<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x198 y39f_2 wab_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-213.822<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x199 y39f_2 wac_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">9.840<span class=\"__6 _342\"></span>.436<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a1_2 w7_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x19a y3a3_2 wad_1 h22_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a2_2 ff8_4 fs7_6 fc1_6 sc0_6 ls29_6 ws3f_4\">3.06<span class=\"__6 _343\"></span>9.332<span class=\"__6 _343\"></span><span class=\"__6 gs3f\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a4_2 w9_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x19b y3a5_2 wae_1 h22_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a2_2 ff8_4 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.26<span class=\"__6 _342\"></span>1.890\ue064<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3a6_2 w29_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>r\u00e9sor<span class=\"__6 _342\"></span>erie nette<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x19c y3a6_2 waf_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">333.<span class=\"__6 _342\"></span>959<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x19d y3a6_2 wb0_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-146.<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>27<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x19e y3a6_2 wb1_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2e_6 ws44_4\">187<span class=\"__6 _342\"></span>.<span class=\"__6 _343\"></span>23<span class=\"__6 _343\"></span>2<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a7_2 w2d_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>r\u00e9sor<span class=\"__6 _336\"></span>erie brute<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x19f y3a7_2 wb2_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2f_6 ws45_4\">1.<span class=\"__6 _343\"></span>031.033<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1a0 y3a7_2 wb3_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-146.<span class=\"__6 _342\"></span>72<span class=\"__6 _342\"></span>7<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1a1 y3a7_2 wb4_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">884.306<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a8_2 w31_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Dette<span class=\"__6 _342\"></span>s financi\u00e8res<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1a2 y3a8_2 wb5_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1d_6 ws31_6\">-<span class=\"__6 _a_5\"></span>6<span class=\"__6 _2f_4\"></span>9<span class=\"__6 _2f_4\"></span>7.<span class=\"__6 _2f_4\"></span>0<span class=\"__6 _343\"></span>74<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1a3 y3a8_2 w4_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1a4 y3a8_2 wb6_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1d_6 ws31_6\">-<span class=\"__6 _a_5\"></span>6<span class=\"__6 _a_5\"></span>9<span class=\"__6 _343\"></span>7.<span class=\"__6 _2f_4\"></span>0<span class=\"__6 _343\"></span>7<span class=\"__6 _343\"></span>4<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3a9_2 w33_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Immobilisa<span class=\"__6 _342\"></span>tions (in)corpor<span class=\"__6 _342\"></span>elles<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1a5 y3a9_2 wb7_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _336\"></span>602<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1a6 y3a9_2 wb8_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-2.<span class=\"__6 _342\"></span>196<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1a7 y3a9_2 wb9_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">8.406<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y3aa_2 w37_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Autr<span class=\"__6 _342\"></span>es \u00e9l\u00e9ments de l'<span class=\"__6 _342\"></span>actif et d<span class=\"__6 _342\"></span>u passif</div><div class=\"t_6 m0_6 x116_2 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1a8 y3aa_2 wba_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">-93.781<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1a9 y3aa_2 wbb_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">362.<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>45<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1aa y3aa_2 wbc_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">268.<span class=\"__6 _342\"></span>964<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w3b_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls21_6 ws36_4\">N<span class=\"__6 _2f_4\"></span>AV<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1ab y398_2 wbd_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls20_6 ws35_4\">10.<span class=\"__6 _343\"></span>305<span class=\"__6 _343\"></span>.038<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1ac y398_2 wa5_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1ad y398_2 wbd_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls20_6 ws35_4\">10.<span class=\"__6 _343\"></span>305<span class=\"__6 _343\"></span>.038<span class=\"__6 _341\"> </span></div></td></tr></table>1 <span class=\"__6 _346\"> </span> Ceci com<span class=\"__6 _342\"></span>prend les pas<span class=\"__6 _342\"></span>sifs d\u2019imp\u00f4t diff\u00e9r\u00e9 (2<span class=\"__6 _342\"></span>9,30 milli<span class=\"__6 _342\"></span>ons EUR dan<span class=\"__6 _342\"></span>s le r\u00e9sultat glob<span class=\"__6 _336\"></span>al r<span class=\"__6 _336\"></span>epr\u00e9<span class=\"__6 _336\"></span>sent<span class=\"__6 _342\"></span>ant un mon<span class=\"__6 _336\"></span>tan<span class=\"__6 _342\"></span>t total de 66<span class=\"__6 _342\"></span>,37 milli<span class=\"__6 _342\"></span>ons EUR dan<span class=\"__6 _336\"></span>s les pas<span class=\"__6 _342\"></span>sifs) pour les diff\u00e9renc<span class=\"__6 _342\"></span>es temporair<span class=\"__6 _342\"></span>es imposables c<span class=\"__6 _342\"></span>omptabili<span class=\"__6 _336\"></span>s\u00e9es par c<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>taines filia<span class=\"__6 _342\"></span>les         d\u2019inves<span class=\"__6 _336\"></span>tissemen<span class=\"__6 _342\"></span>t entre l<span class=\"__6 _342\"></span>a valeur comp<span class=\"__6 _342\"></span>table et la bas<span class=\"__6 _342\"></span>e fiscale d\u2019inves<span class=\"__6 _342\"></span>tissement<span class=\"__6 _336\"></span>s du portef<span class=\"__6 _336\"></span>euille ay<span class=\"__6 _342\"></span>ant un impac<span class=\"__6 _336\"></span>t sur leur ju<span class=\"__6 _342\"></span>ste valeu<span class=\"__6 _336\"></span>r compt<span class=\"__6 _342\"></span>abilis\u00e9e dan<span class=\"__6 _342\"></span>s le portefeuille d\u2019inv<span class=\"__6 _336\"></span>estis<span class=\"__6 _342\"></span>sement de Sofina SA (v<span class=\"__6 _342\"></span>oir point 3.<span class=\"__6 _335\"></span>15). En outre<span class=\"__6 _336\"></span>, il exist<span class=\"__6 _342\"></span>e des         b\u00e9n\u00e9fice<span class=\"__6 _336\"></span>s accum<span class=\"__6 _336\"></span>ul\u00e9s au sein de Sofin<span class=\"__6 _342\"></span>a Fonds P<span class=\"__6 _342\"></span>riv\u00e9s qui pourrai<span class=\"__6 _342\"></span>ent devenir impo<span class=\"__6 _342\"></span>sables \u00e0 un taux de 2<span class=\"__6 _342\"></span>5% dans le sc\u00e9na<span class=\"__6 _342\"></span>rio th\u00e9orique o\u00f9 les filiale<span class=\"__6 _342\"></span>s d\u2019investiss<span class=\"__6 _336\"></span>ement d\u00e9<span class=\"__6 _342\"></span>tenant c<span class=\"__6 _336\"></span>e portefe<span class=\"__6 _342\"></span>uille seraient liqui<span class=\"__6 _342\"></span>d\u00e9es et o\u00f9 ces b\u00e9n\u00e9fi<span class=\"__6 _336\"></span>ces ser<span class=\"__6 _342\"></span>aient         distribu\u00e9<span class=\"__6 _342\"></span>s jusque Sofina SA, ce q<span class=\"__6 _336\"></span>ui ne se ma<span class=\"__6 _336\"></span>t\u00e9ria<span class=\"__6 _342\"></span>lisera tout<span class=\"__6 _342\"></span>efois pa<span class=\"__6 _342\"></span>s dans le con<span class=\"__6 _342\"></span>texte act<span class=\"__6 _342\"></span>uel de continuit<span class=\"__6 _336\"></span>\u00e9 d\u2019<span class=\"__6 _342\"></span>exploit<span class=\"__6 _336\"></span>ation. E<span class=\"__6 _342\"></span>n fonction des sc<span class=\"__6 _336\"></span>\u00e9nario<span class=\"__6 _336\"></span>s th\u00e9oriques envi<span class=\"__6 _342\"></span>sag\u00e9s (comme une ven<span class=\"__6 _342\"></span>te ou une liquid<span class=\"__6 _342\"></span>ation de Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9<span class=\"__6 _342\"></span>s), 0 \u00e0 59%         de la Net As<span class=\"__6 _336\"></span>set V<span class=\"__6 _342\"></span>alue de<span class=\"__6 _342\"></span>s filiales d\u2019inves<span class=\"__6 _336\"></span>tissemen<span class=\"__6 _342\"></span>t d\u00e9tenan<span class=\"__6 _342\"></span>t Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9s po<span class=\"__6 _342\"></span>urraient \u00eatr<span class=\"__6 _342\"></span>e imposables \u00e0 2<span class=\"__6 _342\"></span>5%. Cet imp\u00f4<span class=\"__6 _336\"></span>t hypoth<span class=\"__6 _342\"></span>\u00e9tique n\u2019<span class=\"__6 _342\"></span>a toute<span class=\"__6 _336\"></span>foi<span class=\"__6 _336\"></span>s pas \u00e9t<span class=\"__6 _342\"></span>\u00e9 comptab<span class=\"__6 _336\"></span>ilis\u00e9 car s<span class=\"__6 _342\"></span>es \u00e9v\u00e9nemen<span class=\"__6 _342\"></span>ts d\u00e9clencheur<span class=\"__6 _336\"></span>s sont s<span class=\"__6 _336\"></span>ous le con<span class=\"__6 _342\"></span>tr\u00f4le de Sofina         SA et ne son<span class=\"__6 _342\"></span>t pas proba<span class=\"__6 _336\"></span>bles. P<span class=\"__6 _342\"></span>ar ailleur<span class=\"__6 _336\"></span>s, les filia<span class=\"__6 _342\"></span>les d\u2019investis<span class=\"__6 _336\"></span>semen<span class=\"__6 _336\"></span>t de Sofina SA ne com<span class=\"__6 _342\"></span>ptabilisen<span class=\"__6 _342\"></span>t pas d\u2019<span class=\"__6 _342\"></span>actifs d\u2019imp\u00f4t diff<span class=\"__6 _336\"></span>\u00e9r\u00e9 pou<span class=\"__6 _336\"></span>r les pertes fi<span class=\"__6 _336\"></span>scale<span class=\"__6 _336\"></span>s report\u00e9e<span class=\"__6 _342\"></span>s, car leur r<span class=\"__6 _336\"></span>\u00e9cup\u00e9ra<span class=\"__6 _342\"></span>tion n\u2019<span class=\"__6 _342\"></span>est pa<span class=\"__6 _342\"></span>s consid\u00e9r<span class=\"__6 _336\"></span>\u00e9e comme pr<span class=\"__6 _336\"></span>obable. I<span class=\"__6 _336\"></span>ci aussi, \u00e9<span class=\"__6 _342\"></span>tant         donn\u00e9 qu\u2019<span class=\"__6 _342\"></span>aucun actif d\u2019im<span class=\"__6 _336\"></span>p\u00f4t diff\u00e9r<span class=\"__6 _342\"></span>\u00e9 n\u2019<span class=\"__6 _342\"></span>est com<span class=\"__6 _336\"></span>pta<span class=\"__6 _336\"></span>bilis\u00e9 pa<span class=\"__6 _336\"></span>r les filiale<span class=\"__6 _342\"></span>s d\u2019investiss<span class=\"__6 _336\"></span>ement \u00e0 c<span class=\"__6 _336\"></span>et \u00e9gar<span class=\"__6 _342\"></span>d, leur juste v<span class=\"__6 _342\"></span>aleur n\u2019<span class=\"__6 _335\"></span>en est pas a<span class=\"__6 _336\"></span>ffect\u00e9<span class=\"__6 _336\"></span>e.<span class=\"__6 _341\"> </span>L<span class=\"__6 _342\"></span>e tableau de flux de tr<span class=\"__6 _342\"></span>\u00e9sor<span class=\"__6 _342\"></span>erie de gestion ci-de<span class=\"__6 _342\"></span>ssous pr<span class=\"__6 _342\"></span>\u00e9sent<span class=\"__6 _342\"></span>e les inf<span class=\"__6 _342\"></span>ormation<span class=\"__6 _342\"></span>s rela<span class=\"__6 _342\"></span>tives aux flux de tr<span class=\"__6 _342\"></span>\u00e9sor<span class=\"__6 _342\"></span>erie en tran<span class=\"__6 _342\"></span>spar<span class=\"__6 _336\"></span>ence pou<span class=\"__6 _336\"></span>r tout<span class=\"__6 _342\"></span>es les filia<span class=\"__6 _336\"></span>les du gr<span class=\"__6 _342\"></span>oupe.  <table class=\"s_1 w1_1 h27_2\" id=\"_4ad9c996-c350-430b-a6f0-1cfa2b6efd7c\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 xdd_4 hb_6 y3dc_2 ff4_6 fs5_6 fc0_6 sc0_6 ls2_6 ws29_6\">EN MILLIER<span class=\"__6 _342\"></span>S E<span class=\"__6 _343\"></span>UR<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3dd_2 we0_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">FL<span class=\"__6 _342\"></span>UX DE TR\u00c9<span class=\"__6 _342\"></span>SOR<span class=\"__6 _342\"></span>ERIE DE GE<span class=\"__6 _342\"></span>STIO<span class=\"__6 _342\"></span>N (202<span class=\"__6 _342\"></span>4)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1de y3dd_2 w20_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">SOFINA DIRECT<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 xe0_4 hc_6 y3de_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">SOFIN<span class=\"__6 _336\"></span>A FONDS </td><td class=\"c_1 n_1 x120_1 y3dd_2 w3f_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">CAS<span class=\"__6 _342\"></span>H BRUT<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x121_1 y3dd_2 w40_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">DET<span class=\"__6 _343\"></span>T<span class=\"__6 _343\"></span>ES FINANCI\u00c8RES<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1df y3dd_2 we1_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">C<span class=\"__6 _342\"></span>ASH NET<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 xe4_4 hc_6 y3df_2 ff4_6 fs6_6 fc2_6 sc0_6 ls19_6 ws2c_6\">PR<span class=\"__6 _343\"></span>I<span class=\"__6 _343\"></span>V\u00c9S<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3e0_2 we2_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y3b0_2 ff4_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>r\u00e9sor<span class=\"__6 _342\"></span>erie nette \u00e0 l\u2019<span class=\"__6 _342\"></span>ouvertur<span class=\"__6 _342\"></span>e de la p\u00e9riode<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1e0 y3e0_2 we3_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y3b0_2 ff4_6 fs7_6 fc0_6 sc0_6 ls30_6 ws46_4\">89<span class=\"__6 _343\"></span>3.<span class=\"__6 _343\"></span>59<span class=\"__6 _343\"></span>0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1e1 y3e0_2 we4_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y3b0_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">-696<span class=\"__6 _342\"></span>.289<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1e2 y3e0_2 we5_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y3b0_2 ff4_6 fs7_6 fc0_6 sc0_6 ls31_6 ws47_4\">1<span class=\"__6 _343\"></span>97<span class=\"__6 _342\"></span>.<span class=\"__6 _343\"></span>301<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y3e1_2 w46_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Dividende<span class=\"__6 _336\"></span>s</div><div class=\"t_6 m0_6 x127_1 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1e3 y3e1_2 we6_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>.455<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1e4 y3e1_2 we7_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.<span class=\"__6 _335\"></span>182<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1e5 y3e1_2 we8_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2b_6 ws41_4\">59.<span class=\"__6 _343\"></span>6<span class=\"__6 _2f_4\"></span>37<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x1e6 y3e1_2 we8_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2b_6 ws41_4\">59.<span class=\"__6 _343\"></span>6<span class=\"__6 _2f_4\"></span>37<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y3e2_2 w48_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Char<span class=\"__6 _342\"></span>ges de gestion</div><div class=\"t_6 m0_6 x12c_1 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">2<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1a8 y3e2_2 we9_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-61.<span class=\"__6 _342\"></span>158<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x1e7 y3e2_2 wea_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-61.<span class=\"__6 _335\"></span>158<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3e3_2 w4b_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Inves<span class=\"__6 _342\"></span>tissement<span class=\"__6 _342\"></span>s en por<span class=\"__6 _343\"></span>tef<span class=\"__6 _342\"></span>euille<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1e8 y3e3_2 web_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-566.<span class=\"__6 _342\"></span>907<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1e9 y3e3_2 wec_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-383<span class=\"__6 _342\"></span>.919<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1ea y3e3_2 wed_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-950.826<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x1eb y3e3_2 wee_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-950.82<span class=\"__6 _342\"></span>6<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3e4_2 w50_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9sinve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>ts du portefe<span class=\"__6 _342\"></span>uille<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1ec y3e4_2 wef_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2b_6 ws41_4\">83<span class=\"__6 _2f_4\"></span>6.7<span class=\"__6 _343\"></span>29<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1ed y3e4_2 wf0_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">37<span class=\"__6 _335\"></span>4.60<span class=\"__6 _336\"></span>2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1ee y3e4_2 wf1_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.211.331<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x1ef y3e4_2 wf2_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.2<span class=\"__6 _342\"></span>11.331<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3e5_2 wf3_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Dividende<span class=\"__6 _336\"></span>s vers<span class=\"__6 _342\"></span>\u00e9s<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1f0 y3e5_2 wf4_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-111.2<span class=\"__6 _336\"></span>36<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x1f1 y3e5_2 wf4_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-111.2<span class=\"__6 _336\"></span>36<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3e6_2 w57_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Autr<span class=\"__6 _342\"></span>es \u00e9l\u00e9ments<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1f2 y3e6_2 wf5_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10.<span class=\"__6 _336\"></span>305<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1f3 y3e6_2 wf6_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-785<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1f4 y3e6_2 wf7_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-11.090<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3e7_2 wf8_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Rem<span class=\"__6 _342\"></span>boursemen<span class=\"__6 _342\"></span>t de dettes fina<span class=\"__6 _342\"></span>nci\u00e8re<span class=\"__6 _336\"></span>s<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1f5 y3e7_2 wa_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1f6 y3e7_2 w4_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1f7 y3e7_2 w4_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 wf9_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>r\u00e9sor<span class=\"__6 _342\"></span>erie nette \u00e0 la cl\u00f4<span class=\"__6 _342\"></span>ture de la p\u00e9riode<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1f8 y398_2 w43_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls20_6 ws35_4\">1.031.03<span class=\"__6 _343\"></span>3<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1f9 y398_2 w44_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">-69<span class=\"__6 _336\"></span>7<span class=\"__6 _335\"></span>.0<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>4<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1fa y398_2 w45_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">333<span class=\"__6 _342\"></span>.95<span class=\"__6 _342\"></span>9<span class=\"__6 _341\"> </span></div></td></tr></table><table class=\"s_1 wbe_1 h25_3\" id=\"_df11a3e5-ed6e-4202-8193-06b888be24b0\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x1ae hb_6 y3d5_2 ffa_2 fs5_6 fc0_6 sc0_6 ls23_6 ws37_4\"><span class=\"__6 gs4a\"> </span><span class=\"__6 _348\"> </span><span class=\"__6 gs4a\"> </span><span class=\"__6 _8e_2\"> </span><span class=\"ff4_6 ls2_6 ws29_6\">EN MILLIER<span class=\"__6 _342\"></span>S E<span class=\"__6 _343\"></span>UR<span class=\"__6 _341\"> </span></span></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 x1b0 y3d6_2 wbf_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">INVE<span class=\"__6 _342\"></span>STIS<span class=\"__6 _336\"></span>SEM<span class=\"__6 _336\"></span>ENTS</div><div class=\"t_6 m0_6 x1af h12_6 y3bb_2 ff4_6 fsa_6 fc2_6 sc0_6 ls2_6 ws39_4\">3<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 x1b2 y3bd_2 wc0_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls24_6 ws3a_4\">D\u00c9SINVESTISSEMENTS</div><div class=\"t_6 m0_6 x14a_1 h12_6 y3bb_2 ff4_6 fsa_6 fc2_6 sc0_6 ls2_6 ws39_4\">3</div><div class=\"t_6 m0_6 x1b1 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">ET<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hc_6 y3d7_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">PORTE<span class=\"__6 _342\"></span>FEUIL<span class=\"__6 _336\"></span>LE D<span class=\"__6 _336\"></span>\u2019INV<span class=\"__6 _342\"></span>ESTI<span class=\"__6 _342\"></span>SSEMENT B<span class=\"__6 _342\"></span>RIDGE (2<span class=\"__6 _342\"></span>024)<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x1b3 hc_6 y3d8_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">JUS<span class=\"__6 _342\"></span>TE V<span class=\"__6 _342\"></span>ALEUR<span class=\"__6 _336\"></span> </td><td></td><td></td><td></td><td class=\"t_6 m0_6 x1b4 hc_6 y3d9_2 ff4_6 fs6_6 fc2_6 sc0_6 ls25_6 ws3b_4\">REVEN<span class=\"__6 _343\"></span>US<span class=\"__6 _341\"> </span></td><td class=\"c_1 n_1 x1b5 y3c3_2 w6b_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls26_6 ws3c_4\">EFFET<span class=\"__6 _343\"></span> BOURSE<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1b6 y3c3_2 w6c_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">EFFET CHANG<span class=\"__6 _343\"></span>E</div></td><td class=\"t_6 m0_6 x1b7 hc_6 y3d8_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\" colspan=\"2\">JUS<span class=\"__6 _342\"></span>TE V<span class=\"__6 _342\"></span>ALEUR<span class=\"__6 _336\"></span> </td><td class=\"t_6 m0_6 x1b8 hc_6 y3d8_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">CR\u00c9A<span class=\"__6 _342\"></span>TION DE </td></tr><tr><td></td><td class=\"t_6 m0_6 x1b3 hc_6 y3da_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">AU 3<span class=\"__6 _342\"></span>1/12/2<span class=\"__6 _342\"></span>023<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c_1 n_1 x1b9 y3db_2 w6d_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">AU</div></td><td class=\"c_1 n_1 x1ba y3db_2 wc1_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">3<span class=\"__6 _342\"></span>1/12/2<span class=\"__6 _342\"></span>024</div></td><td class=\"c_1 x1bc y3db_2 wc2_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">V<span class=\"__6 _342\"></span>AL<span class=\"__6 _342\"></span>EUR %</div><div class=\"t_6 m0_6 x1bb h12_6 y3bb_2 ff4_6 fsa_6 fc2_6 sc0_6 ls2_6 ws39_4\">4<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c_1 n_1 x1bd y3c7_2 w70_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls28_6 ws3e_4\">CASH</div></td><td class=\"c_1 x1bf y3c7_2 wc3_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">NON-CASH</div><div class=\"t_6 m0_6 x1be h12_6 y3bb_2 ff4_6 fsa_6 fc2_6 sc0_6 ls2_6 ws39_4\">5<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1c0 y3c7_2 w70_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls28_6 ws3e_4\">CASH</div></td><td class=\"c_1 x1c2 y3c7_2 wc4_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">NON-CASH</div><div class=\"t_6 m0_6 x1c1 h12_6 y3bb_2 ff4_6 fsa_6 fc2_6 sc0_6 ls2_6 ws39_4\">5<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3a9_2 w73_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofina Dir<span class=\"__6 _342\"></span>ect<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1c3 y3a9_2 wc5_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4.<span class=\"__6 _342\"></span>739<span class=\"__6 _342\"></span>.235<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1c4 y3a9_2 wc6_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1d_6 ws31_6\">5<span class=\"__6 _a_5\"></span>4<span class=\"__6 _2f_4\"></span>7.<span class=\"__6 _2f_4\"></span>9<span class=\"__6 _2f_4\"></span>3<span class=\"__6 _a_5\"></span>1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1c5 y3a9_2 wc7_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.40<span class=\"__6 _342\"></span>7<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1c6 y3a9_2 wc8_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">-876.520<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1c7 y3a9_2 wc9_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-4.0<span class=\"__6 _342\"></span>72<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1c8 y3a9_2 wca_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">778.806<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1c9 y3a9_2 wcb_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">144.435<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x1ca y3a9_2 wcc_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5.331.222<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1cb y3a9_2 wcd_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">17%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3aa_2 w7d_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofina F<span class=\"__6 _342\"></span>onds P<span class=\"__6 _342\"></span>riv\u00e9s<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1cc y3aa_2 wce_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4.<span class=\"__6 _342\"></span>18<span class=\"__6 _336\"></span>9<span class=\"__6 _336\"></span>.006<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1cd y3aa_2 wcf_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">386.<span class=\"__6 _342\"></span>025<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1ce y3aa_2 wd0_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2<span class=\"__6 _342\"></span>0.858<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1cf y3aa_2 wd1_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2b_6 ws41_4\">-<span class=\"__6 _343\"></span>37<span class=\"__6 _343\"></span>6<span class=\"__6 _343\"></span>.78<span class=\"__6 _2f_4\"></span>4<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1d0 y3aa_2 wd2_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-21.586<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1d1 y3aa_2 wd3_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">268.<span class=\"__6 _335\"></span>113<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1d2 y3aa_2 wd4_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1d_6 ws31_6\">2<span class=\"__6 _2f_4\"></span>5<span class=\"__6 _2f_4\"></span>7.<span class=\"__6 _a_5\"></span>4<span class=\"__6 _a_5\"></span>0<span class=\"__6 _a_5\"></span>4<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x1d3 y3aa_2 wd5_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls29_6 ws3f_4\">4.723.036<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1d4 y3aa_2 wd6_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">11%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w86_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l portefeuille d'inv<span class=\"__6 _342\"></span>estiss<span class=\"__6 _336\"></span>ement<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1d5 y398_2 wd7_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">8.<span class=\"__6 _342\"></span>928.2<span class=\"__6 _342\"></span>41<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1d6 y398_2 wd8_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">933<span class=\"__6 _342\"></span>.956<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1d7 y398_2 wd9_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">22.265</div></td><td class=\"c_1 n_1 x1d8 y398_2 wda_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">-1.25<span class=\"__6 _336\"></span>3.<span class=\"__6 _336\"></span>304<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1d9 y398_2 wdb_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">-25.658<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1da y398_2 wdc_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.046<span class=\"__6 _342\"></span>.919<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1db y398_2 wdd_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">401.8<span class=\"__6 _342\"></span>39<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x1dc y398_2 wde_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">10.054.2<span class=\"__6 _342\"></span>58<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1dd y398_2 wdf_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">15%<span class=\"__6 _341\"> </span></div></td></tr></table>1 <span class=\"__6 _346\"> </span> La diff\u00e9ren<span class=\"__6 _336\"></span>ce av<span class=\"__6 _342\"></span>ec les dividendes pr\u00e9<span class=\"__6 _342\"></span>sent\u00e9s d<span class=\"__6 _342\"></span>ans le r\u00e9s<span class=\"__6 _336\"></span>ultat globa<span class=\"__6 _342\"></span>l est principalemen<span class=\"__6 _342\"></span>t due \u00e0 des d\u00e9calage<span class=\"__6 _342\"></span>s entre les p\u00e9ri<span class=\"__6 _336\"></span>odes de d\u00e9cla<span class=\"__6 _336\"></span>ra<span class=\"__6 _336\"></span>tion et de paiemen<span class=\"__6 _342\"></span>t (c\u2019<span class=\"__6 _342\"></span>est-\u00e0-dir<span class=\"__6 _342\"></span>e aux dif<span class=\"__6 _343\"></span>f\u00e9r<span class=\"__6 _342\"></span>ences lorsque la d\u00e9c<span class=\"__6 _336\"></span>lar<span class=\"__6 _336\"></span>ation d\u2019un dividen<span class=\"__6 _342\"></span>de et son impact ca<span class=\"__6 _336\"></span>sh ont lie<span class=\"__6 _336\"></span>u au cour<span class=\"__6 _342\"></span>s de deux exer<span class=\"__6 _342\"></span>cices diff\u00e9ren<span class=\"__6 _342\"></span>ts) et aux re<span class=\"__6 _342\"></span>tenues \u00e0 la sour<span class=\"__6 _342\"></span>ce.<span class=\"__6 _341\"> </span>2 <span class=\"__6 _347\"> </span> La diff\u00e9ren<span class=\"__6 _336\"></span>ce av<span class=\"__6 _342\"></span>ec les charges de ge<span class=\"__6 _342\"></span>stion pr\u00e9sen<span class=\"__6 _342\"></span>t\u00e9es dan<span class=\"__6 _342\"></span>s le r\u00e9sulta<span class=\"__6 _342\"></span>t global est principalem<span class=\"__6 _342\"></span>ent due aux cha<span class=\"__6 _336\"></span>rges non d\u00e9c<span class=\"__6 _336\"></span>aiss\u00e9e<span class=\"__6 _336\"></span>s des plan<span class=\"__6 _342\"></span>s d\u2019<span class=\"__6 _342\"></span>options oc<span class=\"__6 _342\"></span>troy\u00e9s.<span class=\"__6 _341\"> </span>3  <span class=\"__6 _9a_2\"> </span> Hors tr<span class=\"__6 _342\"></span>ansferts in<span class=\"__6 _342\"></span>tragroupe<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span>4 <span class=\"__6 _347\"> </span> ( <span class=\"__6 _338\"></span>Just<span class=\"__6 _342\"></span>e valeur \u00e0 la fin de l\u2019<span class=\"__6 _335\"></span>exer<span class=\"__6 _336\"></span>cice + d\u00e9sinv<span class=\"__6 _342\"></span>estissemen<span class=\"__6 _342\"></span>ts et rev<span class=\"__6 _342\"></span>enus de l\u2019<span class=\"__6 _342\"></span>ex<span class=\"__6 _342\"></span>ercice) divis\u00e9<span class=\"__6 _342\"></span>s par (la just<span class=\"__6 _342\"></span>e valeur au d\u00e9but de l\u2019<span class=\"__6 _335\"></span>exer<span class=\"__6 _342\"></span>cice + investi<span class=\"__6 _336\"></span>ssemen<span class=\"__6 _342\"></span>ts de l\u2019<span class=\"__6 _342\"></span>exer<span class=\"__6 _342\"></span>cice).<span class=\"__6 _341\"> </span>5 <span class=\"__6 _347\"> </span> Se compo<span class=\"__6 _342\"></span>se principalement d\u2019un r<span class=\"__6 _342\"></span>\u00e9investis<span class=\"__6 _342\"></span>sement non d\u00e9cai<span class=\"__6 _336\"></span>ss\u00e9 suite \u00e0 u<span class=\"__6 _336\"></span>n d\u00e9sinve<span class=\"__6 _336\"></span>stissem<span class=\"__6 _342\"></span>ent d\u2019<span class=\"__6 _342\"></span>escr<span class=\"__6 _342\"></span>ows et de diff\u00e9r<span class=\"__6 _342\"></span>ences cons<span class=\"__6 _336\"></span>tat<span class=\"__6 _342\"></span>\u00e9es lorsque la r<span class=\"__6 _342\"></span>\u00e9alisation d\u2019une tr<span class=\"__6 _342\"></span>ansaction e<span class=\"__6 _342\"></span>t son impact cash in<span class=\"__6 _342\"></span>terviennent sur deux e<span class=\"__6 _336\"></span>xer<span class=\"__6 _342\"></span>cices diff\u00e9ren<span class=\"__6 _342\"></span>ts<div class=\"t_7 m0_7 h1_7 ff1_7 fs0_7 fc0_7 sc0_7 ls0_7 ws0_7 gs2_2\">3. Annex<span class=\"__7 _355\"></span>es aux \u00e9tats f<span class=\"__7 _356\"></span>inancier<span class=\"__7 _355\"></span>s sous le<span class=\"__7 _356\"></span> </div><div class=\"t_7 m0_7 h1_7 ff1_7 fs0_7 fc0_7 sc0_7 ls0_7 ws0_7 gs3_2\">statut d<span class=\"__7 _355\"></span>\u2019Entit\u00e9 d<span class=\"__7 _355\"></span>\u2019In<span class=\"__7 _355\"></span>v<span class=\"__7 _355\"></span>estissement<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h2_7 ff2_7 fs1_7 fc1_7 sc0_7 ls1_7 ws0_7 gs4_2\">3.<span class=\"__7 _358\"></span>1 PO<span class=\"__7 _355\"></span>RTEF<span class=\"__7 _355\"></span>EUIL<span class=\"__7 _355\"></span>LE D\u2019<span class=\"__7 _355\"></span>INVE<span class=\"__7 _355\"></span>S<span class=\"__7 _355\"></span>TISS<span class=\"__7 _355\"></span>EME<span class=\"__7 _355\"></span>NT<span class=\"__7 _357\"> </span></div><div class=\"gs5_2\"><table class=\"s_2 w1_2 h1b_7\" id=\"_e45ee0ba-8af1-4a66-b3bc-5e08da3abfa7\"><tr><td></td><td></td><td class=\"t_7 m2_7 x7f_5 h3_7 y34a_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x81_5 y34c_3 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25</div></td><td class=\"c_2 n_2 x82_5 y34c_3 w3_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h5_7 y34d_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">P<span class=\"__7 _355\"></span>articipation<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y34f_3 w4_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _355\"></span>ale<span class=\"__7 _355\"></span>ur nette \u00e0 l'<span class=\"__7 _355\"></span>ouv<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>tur<span class=\"__7 _355\"></span>e de l'<span class=\"__7 _355\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x85_5 y34f_3 w5_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.<span class=\"__7 _355\"></span>778.585<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x86_5 y34f_3 w6_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">8.548.3<span class=\"__7 _355\"></span>7<span class=\"__7 _355\"></span>8<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y351_3 w7_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">En<span class=\"__7 _355\"></span>tr\u00e9e<span class=\"__7 _355\"></span>s au cours de l'<span class=\"__7 _355\"></span>e<span class=\"__7 _355\"></span>xerci<span class=\"__7 _355\"></span>ce<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x87_5 y351_3 w8_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">494.5<span class=\"__7 _355\"></span>11<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x88_5 y351_3 w9_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.695.<span class=\"__7 _358\"></span>170<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y352_3 wa_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sorties au co<span class=\"__7 _355\"></span>urs de l'<span class=\"__7 _355\"></span>ex<span class=\"__7 _355\"></span>ercice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x89_5 y352_3 wb_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-28<span class=\"__7 _355\"></span>9.<span class=\"__7 _355\"></span>312<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x8a_5 y352_3 wc_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-616.<span class=\"__7 _355\"></span>92<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y353_3 wd_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _355\"></span>a<span class=\"__7 _355\"></span>riation<span class=\"__7 _355\"></span>s des plus-v<span class=\"__7 _355\"></span>alues la<span class=\"__7 _355\"></span>ten<span class=\"__7 _355\"></span>tes en r<span class=\"__7 _355\"></span>\u00e9sultat<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x8b_5 y353_3 we_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">303<span class=\"__7 _355\"></span>.423<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x8c_5 y353_3 wf_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">434.32<span class=\"__7 _355\"></span>9<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y354_3 w10_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _355\"></span>a<span class=\"__7 _355\"></span>riation<span class=\"__7 _355\"></span>s des moin<span class=\"__7 _355\"></span>s-value<span class=\"__7 _355\"></span>s laten<span class=\"__7 _355\"></span>tes en r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x8d_5 y354_3 w11_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>42.<span class=\"__7 _355\"></span>110<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x8e_5 y354_3 w12_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-282.<span class=\"__7 _355\"></span>365<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y356_3 w13_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _355\"></span>ale<span class=\"__7 _355\"></span>ur nette \u00e0 la c<span class=\"__7 _355\"></span>l\u00f4tur<span class=\"__7 _355\"></span>e de l'<span class=\"__7 _355\"></span>exer<span class=\"__7 _355\"></span>cice = 1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x8f_5 y356_3 w14_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">10.0<span class=\"__7 _359\"></span>45.0<span class=\"__7 _359\"></span>97<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x90_5 y356_3 w5_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.<span class=\"__7 _355\"></span>778.585<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h5_7 y357_3 ff2_7 fs4_7 fc1_7 sc0_7 ls6_7 ws5_7\">Cr\u00e9a<span class=\"__7 _359\"></span>nc<span class=\"__7 _359\"></span>es<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y358_3 w4_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _355\"></span>ale<span class=\"__7 _355\"></span>ur nette \u00e0 l'<span class=\"__7 _355\"></span>ouv<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>tur<span class=\"__7 _355\"></span>e de l'<span class=\"__7 _355\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x91_5 y358_3 w15_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">61.851<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x92_5 y358_3 w16_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">62.066<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y359_3 w7_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">En<span class=\"__7 _355\"></span>tr\u00e9e<span class=\"__7 _355\"></span>s au cours de l'<span class=\"__7 _355\"></span>e<span class=\"__7 _355\"></span>xerci<span class=\"__7 _355\"></span>ce<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x93_5 y359_3 w17_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">75<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x94_4 y359_3 w18_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">71<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35a_3 wa_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sorties au co<span class=\"__7 _355\"></span>urs de l'<span class=\"__7 _355\"></span>ex<span class=\"__7 _355\"></span>ercice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x95_4 y35a_3 w19_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x96_4 y35a_3 w1a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-4.984<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35b_3 wd_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _355\"></span>a<span class=\"__7 _355\"></span>riation<span class=\"__7 _355\"></span>s des plus-v<span class=\"__7 _355\"></span>alues la<span class=\"__7 _355\"></span>ten<span class=\"__7 _355\"></span>tes en r<span class=\"__7 _355\"></span>\u00e9sultat<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x97_4 y35b_3 w1b_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.956<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x98_4 y35b_3 w1c_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">4<span class=\"__7 _359\"></span>.72<span class=\"__7 _359\"></span>3<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35c_3 w10_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _355\"></span>a<span class=\"__7 _355\"></span>riation<span class=\"__7 _355\"></span>s des moin<span class=\"__7 _355\"></span>s-value<span class=\"__7 _355\"></span>s laten<span class=\"__7 _355\"></span>tes en r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x99_4 y35c_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x9a_4 y35c_3 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35d_3 w1f_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _355\"></span>a<span class=\"__7 _355\"></span>riation des in<span class=\"__7 _355\"></span>t\u00e9r<span class=\"__7 _355\"></span>\u00eats couru<span class=\"__7 _355\"></span>s non \u00e9chu<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x9b_4 y35d_3 w20_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">2<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x9c_4 y35d_3 w21_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">-25<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35e_3 w22_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _355\"></span>a<span class=\"__7 _355\"></span>leur nette \u00e0 l<span class=\"__7 _355\"></span>a cl\u00f4tur<span class=\"__7 _355\"></span>e de l'<span class=\"__7 _355\"></span>exer<span class=\"__7 _355\"></span>cice = 2<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x9d_4 y35e_3 w23_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">64.884<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x9e_4 y35e_3 w24_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">61.85<span class=\"__7 _355\"></span>1<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w25_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _355\"></span>ale<span class=\"__7 _355\"></span>ur nette = 1 + 2<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x9f_4 y35f_3 w26_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">10.<span class=\"__7 _358\"></span>109.<span class=\"__7 _355\"></span>981</div></td><td class=\"c_2 n_2 xa0_4 y35f_3 w27_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.840.436<span class=\"__7 _357\"> </span></div></td></tr></table></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws8_7 gs6_2\">La diff\u00e9r<span class=\"__7 _355\"></span>ence entr<span class=\"__7 _355\"></span>e le mon<span class=\"__7 _355\"></span>tan<span class=\"__7 _355\"></span>t des entr<span class=\"__7 _355\"></span>\u00e9es a<span class=\"__7 _355\"></span>u cours de l\u2019<span class=\"__7 _358\"></span>ex<span class=\"__7 _355\"></span>ercic<span class=\"__7 _355\"></span>e (494.586 milliers EU<span class=\"__7 _355\"></span>R) et le </div><div class=\"t_7 m3_7 h8_7 ff4_7 fs5_7 fc0_7 sc0_7 lsa_7 ws9_7 gs7_2\">mon<span class=\"__7 _355\"></span>tan<span class=\"__7 _355\"></span>t <span class=\"__7 _355\"></span>des <span class=\"__7 _355\"></span>in <span class=\"__7 _360\"></span>ve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>ts <span class=\"__7 _355\"></span>r<span class=\"__7 _355\"></span>epris <span class=\"__7 _355\"></span>dan<span class=\"__7 _355\"></span>s <span class=\"__7 _355\"></span>l\u2019<span class=\"__7 _358\"></span>\u00e9tat <span class=\"__7 _355\"></span>co<span class=\"__7 _355\"></span>nsolid\u00e9 <span class=\"__7 _355\"></span>de<span class=\"__7 _355\"></span>s <span class=\"__7 _355\"></span>flux <span class=\"__7 _355\"></span>de <span class=\"__7 _355\"></span>tr\u00e9<span class=\"__7 _355\"></span>sorerie <span class=\"__7 _355\"></span>(494.<span class=\"__7 _355\"></span>750<span class=\"__7 gs8_2\"> </span><span class=\"__7 _355\"></span>milli<span class=\"__7 _355\"></span>ers </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsa_7 gs9_2\">EUR) es<span class=\"__7 _355\"></span>t principalemen<span class=\"__7 _355\"></span>t due \u00e0 un inv<span class=\"__7 _355\"></span>estissem<span class=\"__7 _355\"></span>ent non d\u00e9c<span class=\"__7 _355\"></span>aiss\u00e9 et \u00e0 un p<span class=\"__7 _355\"></span>aiement diff<span class=\"__7 _355\"></span>\u00e9r\u00e9 en </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsb_7 gsa_2\">2<span class=\"__7 _355\"></span>025 po<span class=\"__7 _355\"></span>ur un mon<span class=\"__7 _355\"></span>tan<span class=\"__7 _355\"></span>t tota<span class=\"__7 _355\"></span>l de 164 milliers EUR. La diff<span class=\"__7 _355\"></span>\u00e9rence en<span class=\"__7 _355\"></span>tre le m<span class=\"__7 _355\"></span>onta<span class=\"__7 _355\"></span>nt des sortie<span class=\"__7 _355\"></span>s au </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsc_7 gsb_2\">cour<span class=\"__7 _355\"></span>s de l\u2019<span class=\"__7 _361\"></span>ex<span class=\"__7 _355\"></span>ercic<span class=\"__7 _355\"></span>e (28<span class=\"__7 _355\"></span>9.<span class=\"__7 _355\"></span>312 millier<span class=\"__7 _355\"></span>s EUR) et le mon<span class=\"__7 _355\"></span>tan<span class=\"__7 _355\"></span>t des d\u00e9sinve<span class=\"__7 _355\"></span>stissem<span class=\"__7 _355\"></span>ents r<span class=\"__7 _355\"></span>epris da<span class=\"__7 _355\"></span>ns </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsd_7 gsc_2\">l\u2019<span class=\"__7 _358\"></span>\u00e9tat c<span class=\"__7 _355\"></span>onsolid\u00e9 de<span class=\"__7 _355\"></span>s flux de tr\u00e9<span class=\"__7 _355\"></span>sorerie (2<span class=\"__7 _361\"></span>75.5<span class=\"__7 _355\"></span>33 milliers EUR) e<span class=\"__7 _355\"></span>st principalem<span class=\"__7 _355\"></span>ent d\u00fb aux pl<span class=\"__7 _355\"></span>us et </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wse_7 gsd_2\">moin<span class=\"__7 _355\"></span>s-val<span class=\"__7 _355\"></span>ues r\u00e9a<span class=\"__7 _355\"></span>lis\u00e9es sur c<span class=\"__7 _355\"></span>es d\u00e9sinv<span class=\"__7 _355\"></span>estissem<span class=\"__7 _355\"></span>ents pou<span class=\"__7 _355\"></span>r un mont<span class=\"__7 _355\"></span>ant de -13<span class=\"__7 _355\"></span>.<span class=\"__7 _355\"></span>782millier<span class=\"__7 _355\"></span>s EUR.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsf_7 gse_2\">P<span class=\"__7 _361\"></span>ar ailleurs<span class=\"__7 _355\"></span>, les plus e<span class=\"__7 _355\"></span>t moins-v<span class=\"__7 _355\"></span>alue<span class=\"__7 _355\"></span>s r\u00e9ali<span class=\"__7 _355\"></span>s\u00e9es (-13.<span class=\"__7 _361\"></span>782 millier<span class=\"__7 _355\"></span>s EUR) comb<span class=\"__7 _355\"></span>in\u00e9es \u00e0 la va<span class=\"__7 _355\"></span>riati<span class=\"__7 _355\"></span>on </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws10_7 gsf_2\">des plu<span class=\"__7 _355\"></span>s et moin<span class=\"__7 _355\"></span>s-val<span class=\"__7 _355\"></span>ues non r<span class=\"__7 _355\"></span>\u00e9alis\u00e9e<span class=\"__7 _355\"></span>s (-170<span class=\"__7 _355\"></span>.940 millier<span class=\"__7 _355\"></span>s EUR) cons<span class=\"__7 _355\"></span>tituent le r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>t net du<span class=\"__7 _355\"></span> </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs10_2\">portef<span class=\"__7 _355\"></span>euille d\u2019inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>t (cf<span class=\"__7 _355\"></span>. point 3<span class=\"__7 _355\"></span>.<span class=\"__7 _361\"></span>12 ci-dessou<span class=\"__7 _355\"></span>s).<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h2_7 ff2_7 fs1_7 fc1_7 sc0_7 ls1_7 ws0_7 gs12_2\">3.2 C<span class=\"__7 _355\"></span>LASS<span class=\"__7 _355\"></span>IFI<span class=\"__7 _355\"></span>CA<span class=\"__7 _358\"></span>TI<span class=\"__7 _355\"></span>ON DE<span class=\"__7 _361\"></span>S INS<span class=\"__7 _355\"></span>TRUMENT<span class=\"__7 _355\"></span>S FIN<span class=\"__7 _355\"></span>ANC<span class=\"__7 _355\"></span>IER<span class=\"__7 _361\"></span>S<span class=\"__7 _357\"> </span></div><div class=\"gs13_2\"><table class=\"s_2 w28_2 h1f_7\" id=\"_ea35eed7-52fa-4424-b930-1569be738ab0\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 xa1_4 h3_7 y360_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 xa2_4 h4_7 y361_3 ff2_7 fs3_7 fc2_7 sc0_7 ls16_7 ws1a_7\">VA<span class=\"__7 _359\"></span>L<span class=\"__7 _359\"></span>E<span class=\"__7 _356\"></span>U<span class=\"__7 _359\"></span>R<span class=\"__7 _356\"></span> </td><td></td><td class=\"t_7 m2_7 xa3_4 h4_7 y362_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">JUS<span class=\"__7 _355\"></span>TE V<span class=\"__7 _355\"></span>AL<span class=\"__7 _355\"></span>EUR<span class=\"__7 _357\"> </span></td><td></td><td class=\"t_7 m2_7 xa4_4 h4_7 y361_3 ff2_7 fs3_7 fc2_7 sc0_7 ls16_7 ws1a_7\">VA<span class=\"__7 _359\"></span>L<span class=\"__7 _359\"></span>E<span class=\"__7 _356\"></span>U<span class=\"__7 _359\"></span>R<span class=\"__7 _356\"></span> </td><td></td><td class=\"t_7 m2_7 xa5_4 h4_7 y362_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">JUS<span class=\"__7 _355\"></span>TE V<span class=\"__7 _355\"></span>AL<span class=\"__7 _355\"></span>EUR<span class=\"__7 _357\"> </span></td><td></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 xa6_4 h4_7 y363_3 ff2_7 fs3_7 fc2_7 sc0_7 ls17_7 ws1b_7\">C<span class=\"__7 _356\"></span>O<span class=\"__7 _356\"></span>M<span class=\"__7 _356\"></span>P<span class=\"__7 _356\"></span>TA<span class=\"__7 _356\"></span>B<span class=\"__7 _356\"></span>L<span class=\"__7 _356\"></span>E<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td class=\"t_7 m2_7 xa7_4 h4_7 y363_3 ff2_7 fs3_7 fc2_7 sc0_7 ls17_7 ws1b_7\">C<span class=\"__7 _356\"></span>O<span class=\"__7 _356\"></span>M<span class=\"__7 _356\"></span>P<span class=\"__7 _356\"></span>TA<span class=\"__7 _356\"></span>B<span class=\"__7 _356\"></span>L<span class=\"__7 _356\"></span>E<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_7 m2_7 xa8_5 h4_7 y364_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">CLASSIFICA<span class=\"__7 _361\"></span>TION I<span class=\"__7 _359\"></span>FRS 9<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 xa9_4 h4_7 y365_3 ff2_7 fs3_7 fc2_7 sc0_7 ls19_7 ws1d_7\">TOT<span class=\"__7 _355\"></span>AL<span class=\"__7 _359\"></span> A<span class=\"__7 _359\"></span>U </td><td class=\"c_2 n_2 xaa_4 y366_3 w29_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">NIVEA<span class=\"__7 _355\"></span>U 1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xab_4 y366_3 w2a_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">NIVEA<span class=\"__7 _355\"></span>U 2<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xac_4 y366_3 w2b_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">NIV<span class=\"__7 _355\"></span>EAU 3</div></td><td class=\"t_7 m2_7 xad_4 h4_7 y365_3 ff2_7 fs3_7 fc2_7 sc0_7 ls19_7 ws1d_7\">TOT<span class=\"__7 _355\"></span>AL<span class=\"__7 _359\"></span> A<span class=\"__7 _359\"></span>U </td><td class=\"c_2 n_2 xae_4 y366_3 w29_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">NIVEA<span class=\"__7 _355\"></span>U 1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xaf_4 y366_3 w2a_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">NIVEA<span class=\"__7 _355\"></span>U 2<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xb0_4 y366_3 w2b_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">NIV<span class=\"__7 _355\"></span>EAU 3<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 xb1_4 h4_7 y367_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td class=\"t_7 m2_7 xb2_4 h4_7 y367_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y368_3 w2c_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">P<span class=\"__7 _355\"></span>ortef<span class=\"__7 _355\"></span>euille d'investi<span class=\"__7 _355\"></span>ssement<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 xb3_4 y368_3 w2d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">10.<span class=\"__7 _358\"></span>109.<span class=\"__7 _355\"></span>981<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xb4_4 y368_3 w2e_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">20<span class=\"__7 _355\"></span>2.068<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xb5_4 y368_3 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xb6_4 y368_3 w2f_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.90<span class=\"__7 _355\"></span>7<span class=\"__7 _358\"></span>.913<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xb7_4 y368_3 w30_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.840.436<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xb8_4 y368_3 w31_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">349<span class=\"__7 _355\"></span>.851<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xb9_4 y368_3 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xba_4 y368_3 w32_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9.490<span class=\"__7 _355\"></span>.585<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y36a_3 w33_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">P<span class=\"__7 _355\"></span>articipations<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xbc_4 y36a_3 w34_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Jus<span class=\"__7 _355\"></span>te valeur vi<span class=\"__7 _355\"></span>a le r\u00e9sult<span class=\"__7 _355\"></span>at<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xbd_4 y36a_3 w35_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">10.0<span class=\"__7 _359\"></span>45.0<span class=\"__7 _359\"></span>97<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xbe_4 y36a_3 w36_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">202.<span class=\"__7 _355\"></span>068<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xbf_4 y36a_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xc0_4 y36a_3 w37_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">9.8<span class=\"__7 _359\"></span>43.029<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xc1_4 y36a_3 w38_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.<span class=\"__7 _355\"></span>778.58<span class=\"__7 _355\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xc2_4 y36a_3 w39_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">349<span class=\"__7 _355\"></span>.85<span class=\"__7 _355\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xc3_4 y36a_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xc4_4 y36a_3 w3a_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9.42<span class=\"__7 _361\"></span>8.7<span class=\"__7 _361\"></span>34<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y36b_3 w3b_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls6_7 ws5_7\">Cr\u00e9<span class=\"__7 _359\"></span>an<span class=\"__7 _359\"></span>ce<span class=\"__7 _359\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xc5_4 y36b_3 w3c_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">D\u00e9sign\u00e9<span class=\"__7 _355\"></span>es \u00e0 la ju<span class=\"__7 _355\"></span>st<span class=\"__7 _355\"></span>e valeur via le r<span class=\"__7 _355\"></span>\u00e9sultat<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xc6_4 y36b_3 w3d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">64.884<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xc7_4 y36b_3 w1e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xc8_4 y36b_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xc9_4 y36b_3 w3e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">64.884<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xca_4 y36b_3 w3f_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">61.85<span class=\"__7 _361\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xcb_4 y36b_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xcc_4 y36b_3 w1e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xcd_4 y36b_3 w40_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">61.8<span class=\"__7 _355\"></span>51<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y36d_3 w41_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es sur les filiale<span class=\"__7 _355\"></span>s</div><div class=\"t_7 m2_7 xce_4 hf_7 y36c_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xcf_4 y36d_3 w42_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">D\u00e9sign\u00e9e<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur via le r\u00e9<span class=\"__7 _355\"></span>sultat<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xd0_4 y36d_3 w43_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">434.2<span class=\"__7 _355\"></span>47<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xd1_4 y36d_3 w1e_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xd2_4 y36d_3 w43_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">434.2<span class=\"__7 _355\"></span>47<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xd3_4 y36d_3 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xd4_4 y36d_3 w44_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">42<span class=\"__7 _355\"></span>0.<span class=\"__7 _355\"></span>957<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xd5_4 y36d_3 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xd6_4 y36d_3 w45_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">42<span class=\"__7 _355\"></span>0.95<span class=\"__7 _361\"></span>7<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xd7_4 y36d_3 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y36e_3 w46_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">D\u00e9p\u00f4t<span class=\"__7 _355\"></span>s et autre<span class=\"__7 _355\"></span>s actifs finan<span class=\"__7 _355\"></span>ciers cour<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>ts<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 xd8_4 y36e_3 w47_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.408.038<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xd9_4 y36e_3 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xda_4 y36e_3 w47_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.408.038<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xdb_4 y36e_3 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xdc_5 y36e_3 w48_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">530<span class=\"__7 _355\"></span>.469<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xdd_5 y36e_3 w1e_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xde_5 y36e_3 w48_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">530<span class=\"__7 _355\"></span>.469<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xdf_5 y36e_3 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y370_3 w49_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">D\u00e9p\u00f4ts<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xc5_4 y370_3 w4a_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">D\u00e9sign\u00e9<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>st<span class=\"__7 _355\"></span>e valeur via le r\u00e9<span class=\"__7 _355\"></span>sultat<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xe0_5 y370_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xe1_5 y370_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xe2_5 y370_3 w1e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xe3_5 y370_3 w1e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xe4_5 y370_3 w4b_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">75.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xe5_5 y370_3 w1e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xe6_5 y370_3 w4b_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">75.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xe7_5 y370_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y371_3 w4c_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Plac<span class=\"__7 _355\"></span>ements de t<span class=\"__7 _355\"></span>r\u00e9sor<span class=\"__7 _355\"></span>erie<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xe8_5 y371_3 w34_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Jus<span class=\"__7 _355\"></span>te val<span class=\"__7 _355\"></span>eur via le r\u00e9s<span class=\"__7 _355\"></span>ultat<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xe9_5 y371_3 w4d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.3<span class=\"__7 _355\"></span>98.6<span class=\"__7 _355\"></span>72<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xea_5 y371_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xeb_5 y371_3 w4d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.3<span class=\"__7 _355\"></span>98.6<span class=\"__7 _355\"></span>72<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xec_5 y371_3 w1e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xed_5 y371_3 w4e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">451.<span class=\"__7 _355\"></span>9<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xee_5 y371_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xef_5 y371_3 w4e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">451.<span class=\"__7 _355\"></span>92<span class=\"__7 _355\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xf0_5 y371_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y372_3 w4f_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls1b_7 ws20_7\">Autres cr\u00e9a<span class=\"__7 _359\"></span>nces<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xf1_5 y372_3 w50_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">D\u00e9sign\u00e9<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>st<span class=\"__7 _355\"></span>e valeur via le r\u00e9<span class=\"__7 _355\"></span>sultat<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xf2_5 y372_3 w51_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.366<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xf3_5 y372_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xf4_4 y372_3 w51_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.366<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xf5_4 y372_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xf6_4 y372_3 w52_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">3.5<span class=\"__7 _359\"></span>44<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xf7_4 y372_3 w1e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xf8_4 y372_3 w52_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">3.5<span class=\"__7 _359\"></span>44<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xf9_4 y372_3 w1e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y373_3 w53_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>r\u00e9sor<span class=\"__7 _355\"></span>erie et \u00e9quiva<span class=\"__7 _355\"></span>lents de tr<span class=\"__7 _355\"></span>\u00e9sor<span class=\"__7 _355\"></span>erie<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xfa_4 y373_3 w54_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">D\u00e9sign\u00e9s \u00e0 la j<span class=\"__7 _355\"></span>uste v<span class=\"__7 _355\"></span>aleur via le r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xfb_4 y373_3 w55_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">205.<span class=\"__7 _355\"></span>377<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xfc_4 y373_3 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xfd_4 y373_3 w56_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>05.3<span class=\"__7 _355\"></span>77<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xfe_4 y373_3 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xff_4 y373_3 w57_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">357<span class=\"__7 _358\"></span>.381<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x100_4 y373_3 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x101_4 y373_3 w58_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">35<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>.381<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x102_4 y373_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y374_3 w59_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s financi\u00e8r<span class=\"__7 _355\"></span>es non co<span class=\"__7 _355\"></span>uran<span class=\"__7 _355\"></span>tes<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x103_4 y374_3 w5a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Au co\u00fbt a<span class=\"__7 _355\"></span>morti<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x104_4 y374_3 w5b_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.2<span class=\"__7 _355\"></span>93.438<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x105_4 y374_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x106_4 y374_3 w5c_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.258.2<span class=\"__7 _355\"></span>71<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x107_3 y374_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x108_3 y374_3 w5d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1c_7 ws21_7\">6<span class=\"__7 _364\"></span>9<span class=\"__7 _359\"></span>7.<span class=\"__7 _356\"></span>0<span class=\"__7 _356\"></span>74<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x109_3 y374_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x10a_3 y374_3 w5e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">634.3<span class=\"__7 _355\"></span>75<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x10b_3 y374_3 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y375_3 w5f_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s financi\u00e8r<span class=\"__7 _355\"></span>es cou<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>tes<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x10c_3 y375_3 w5a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Au co\u00fbt a<span class=\"__7 _355\"></span>morti<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x10d_3 y375_3 w60_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5.2<span class=\"__7 _355\"></span>71<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x10e_3 y375_3 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x10f_3 y375_3 w60_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5.2<span class=\"__7 _355\"></span>71<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x110_3 y375_3 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x111_3 y375_3 w61_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.268<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x112_3 y375_3 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x113_3 y375_3 w62_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.2<span class=\"__7 _355\"></span>68<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x114_3 y375_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y376_3 w63_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es d\u00e9biteu<span class=\"__7 _355\"></span>rs cour<span class=\"__7 _355\"></span>ant<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x115_3 y376_3 w5a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Au co\u00fbt a<span class=\"__7 _355\"></span>morti<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x116_3 y376_3 w64_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.540<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x117_3 y376_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x118_3 y376_3 w65_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.540<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x119_3 y376_3 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x11a_3 y376_3 w66_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">98<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x11b_3 y376_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x11c_3 y376_3 w67_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">98<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x11d_2 y376_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y378_3 w68_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s envers le<span class=\"__7 _355\"></span>s filiales</div><div class=\"t_7 m2_7 x11e_2 hf_7 y377_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xcf_4 y378_3 w42_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">D\u00e9sign\u00e9e<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur via le r\u00e9<span class=\"__7 _355\"></span>sultat<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x11f_2 y378_3 w69_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">6<span class=\"__7 _355\"></span>.<span class=\"__7 _355\"></span>105<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x120_2 y378_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x121_2 y378_3 w6a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">6.<span class=\"__7 _358\"></span>105<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x122_2 y378_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x123_2 y378_3 w6b_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">138.<span class=\"__7 _355\"></span>535<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x124_2 y378_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x125_2 y378_3 w6b_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">138.<span class=\"__7 _355\"></span>535<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x126_2 y378_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y379_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s fournis<span class=\"__7 _355\"></span>seurs et a<span class=\"__7 _355\"></span>utres c<span class=\"__7 _355\"></span>r\u00e9dite<span class=\"__7 _355\"></span>urs </td><td class=\"c_2 n_2 xcf_4 y37a_3 w5a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Au co\u00fbt a<span class=\"__7 _355\"></span>morti<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x127_2 y37a_3 w6c_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">1<span class=\"__7 _359\"></span>8<span class=\"__7 _359\"></span>.7<span class=\"__7 _359\"></span>93<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x128_2 y37a_3 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x129_2 y37a_3 w6c_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">1<span class=\"__7 _359\"></span>8<span class=\"__7 _359\"></span>.7<span class=\"__7 _359\"></span>93<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x12a_2 y37a_3 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x12b_2 y37a_3 w6d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">15.2<span class=\"__7 _355\"></span>7<span class=\"__7 _355\"></span>3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xd5_4 y37a_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x12c_2 y37a_3 w6e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">15.2<span class=\"__7 _355\"></span>7<span class=\"__7 _355\"></span>3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x12d_2 y37a_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y37b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1d_7 ws22_7\">couran<span class=\"__7 _355\"></span>ts<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs14_2\">Au co<span class=\"__7 _355\"></span>urs de l\u2019<span class=\"__7 _361\"></span>ann\u00e9e, il n<span class=\"__7 _355\"></span>\u2019y a pas eu de tr<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>sferts de niveaux.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m4_7 h2_7 ff2_7 fs1_7 fc3_7 sc0_7 ls2_7 ws0_7 gs15_2\">La ju<span class=\"__7 _355\"></span>ste v<span class=\"__7 _355\"></span>aleur des \u00e9l\u00e9m<span class=\"__7 _355\"></span>ents d<span class=\"__7 _355\"></span>u por<span class=\"__7 _359\"></span>tef<span class=\"__7 _355\"></span>euille d\u2019inve<span class=\"__7 _355\"></span>stis<span class=\"__7 _355\"></span>sement pe<span class=\"__7 _355\"></span>ut \u00eatre hi\u00e9r<span class=\"__7 _355\"></span>ar<span class=\"__7 _355\"></span>chis\u00e9e </div><div class=\"t_7 m4_7 h2_7 ff8_5 fs1_7 fc3_7 sc0_7 ls2_7 ws0_7 gs16_2\">comme suit<span class=\"__7 gs17_1\"> </span>:<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws23_7 gs18_1\">L<span class=\"__7 _355\"></span>es actifs \u00e9<span class=\"__7 _355\"></span>val<span class=\"__7 _355\"></span>u\u00e9s selon le niveau 1 s<span class=\"__7 _355\"></span>ont va<span class=\"__7 _355\"></span>loris\u00e9s a<span class=\"__7 _355\"></span>u cours de bo<span class=\"__7 _355\"></span>urse \u00e0 la da<span class=\"__7 _355\"></span>te de cl\u00f4<span class=\"__7 _355\"></span>tur<span class=\"__7 _355\"></span>e. </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws24_7 gs19_1\">L<span class=\"__7 _355\"></span>es donn\u00e9e<span class=\"__7 _355\"></span>s de niveau 2 son<span class=\"__7 _355\"></span>t des donn\u00e9e<span class=\"__7 _355\"></span>s concerna<span class=\"__7 _355\"></span>nt l\u2019<span class=\"__7 _361\"></span>actif ou le pa<span class=\"__7 _355\"></span>ssif<span class=\"__7 _355\"></span>, autre<span class=\"__7 _355\"></span>s que les prix </div><div class=\"t_7 m5_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls1e_7 ws25_7 gs1a_1\">co<span class=\"__7 _355\"></span>t\u00e9s incl<span class=\"__7 _355\"></span>us dan<span class=\"__7 _355\"></span>s les donn\u00e9<span class=\"__7 _355\"></span>es de niveau 1, qui s<span class=\"__7 _355\"></span>ont obs<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>vable<span class=\"__7 _355\"></span>s direct<span class=\"__7 _355\"></span>ement o<span class=\"__7 _355\"></span>u indirec<span class=\"__7 _355\"></span>temen<span class=\"__7 _355\"></span>t. </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws26_7 gs1b_1\">L<span class=\"__7 _355\"></span>es donn\u00e9e<span class=\"__7 _355\"></span>s de niveau 3 son<span class=\"__7 _355\"></span>t des donn\u00e9e<span class=\"__7 _355\"></span>s non observable<span class=\"__7 _355\"></span>s concerna<span class=\"__7 _355\"></span>nt l\u2019<span class=\"__7 _361\"></span>actif ou le pa<span class=\"__7 _355\"></span>ssif<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsb_7 gs1c_1\">L<span class=\"__7 _355\"></span>es participa<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s direct<span class=\"__7 _355\"></span>es dan<span class=\"__7 _355\"></span>s des filia<span class=\"__7 _355\"></span>les d\u2019inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>t son<span class=\"__7 _355\"></span>t consid\u00e9r<span class=\"__7 _355\"></span>\u00e9es de nive<span class=\"__7 _355\"></span>au 3 et </div><div class=\"t_7 m6_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws27_7 gs1d_1\">son<span class=\"__7 _355\"></span>t valoris<span class=\"__7 _355\"></span>\u00e9es sur la ba<span class=\"__7 _355\"></span>se de la j<span class=\"__7 _355\"></span>uste v<span class=\"__7 _355\"></span>aleur de le<span class=\"__7 _355\"></span>ur propr<span class=\"__7 _355\"></span>e portefe<span class=\"__7 _355\"></span>uille (niveau 1, 2 ou 3) e<span class=\"__7 _355\"></span>t de </div><div class=\"t_7 m7_6 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 lsa_7 ws25_7 gs1e_1\">la j<span class=\"__7 _355\"></span>uste v<span class=\"__7 _355\"></span>aleur de le<span class=\"__7 _355\"></span>urs autr<span class=\"__7 _355\"></span>es actifs e<span class=\"__7 _355\"></span>t passifs<span class=\"__7 _355\"></span>. Le<span class=\"__7 _355\"></span>s participa<span class=\"__7 _355\"></span>tions da<span class=\"__7 _355\"></span>ns les en<span class=\"__7 _355\"></span>tre<span class=\"__7 _355\"></span>prises a<span class=\"__7 _355\"></span>ssoci\u00e9es<span class=\"__7 _355\"></span> </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws28_7 gs1f_1\">son<span class=\"__7 _355\"></span>t \u00e9galemen<span class=\"__7 _355\"></span>t de niveau 3 et s<span class=\"__7 _355\"></span>ont va<span class=\"__7 _355\"></span>loris\u00e9es \u00e0 l<span class=\"__7 _355\"></span>a jus<span class=\"__7 _355\"></span>te vale<span class=\"__7 _355\"></span>ur<span class=\"__7 _355\"></span>. Une desc<span class=\"__7 _355\"></span>ription d\u00e9<span class=\"__7 _355\"></span>taill\u00e9e des </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws29_7 gs20_1\">m\u00e9th<span class=\"__7 _355\"></span>odes de valori<span class=\"__7 _355\"></span>sation et de l<span class=\"__7 _355\"></span>a sensibilit<span class=\"__7 _355\"></span>\u00e9 de la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur es<span class=\"__7 _355\"></span>t reprise a<span class=\"__7 _355\"></span>ux point<span class=\"__7 _355\"></span>s 2.3 et </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws2a_7 gs21_1\">2.4 ci-dessu<span class=\"__7 _355\"></span>s. L<span class=\"__7 _355\"></span>e portefe<span class=\"__7 _355\"></span>uille d\u00e9tenu en tr<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>sparen<span class=\"__7 _355\"></span>ce est d\u00e9c<span class=\"__7 _355\"></span>rit sous le poin<span class=\"__7 _361\"></span>t 2.2 ci-dessus.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m4_7 h2_7 ff2_7 fs1_7 fc3_7 sc0_7 ls2_7 ws0_7 gs22_1\">La ju<span class=\"__7 _355\"></span>ste v<span class=\"__7 _355\"></span>aleur des a<span class=\"__7 _355\"></span>utre<span class=\"__7 _355\"></span>s instrum<span class=\"__7 _355\"></span>ents fin<span class=\"__7 _355\"></span>anciers a \u00e9<span class=\"__7 _355\"></span>t\u00e9 d\u00e9t<span class=\"__7 _355\"></span>ermin\u00e9e selon les m\u00e9th-<span class=\"__7 _357\"> </span></div><div class=\"t_7 m4_7 h2_7 ff8_5 fs1_7 fc3_7 sc0_7 ls2_7 ws0_7 gs23_1\">odes suiv<span class=\"__7 _355\"></span>ant<span class=\"__7 _355\"></span>es<span class=\"__7 gs17_1\"> </span>:<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsd_7 gs24_1\">\u2022 <span class=\"__7 _364\"></span>pour les in<span class=\"__7 _355\"></span>strumen<span class=\"__7 _355\"></span>ts fina<span class=\"__7 _355\"></span>nciers \u00e0 co<span class=\"__7 _355\"></span>urt terme, t<span class=\"__7 _355\"></span>els que les cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es et dett<span class=\"__7 _355\"></span>es commer<span class=\"__7 _355\"></span>ciales<span class=\"__7 _355\"></span>, </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws2b_7 gs25_1\">la j<span class=\"__7 _355\"></span>uste v<span class=\"__7 _355\"></span>aleur e<span class=\"__7 _355\"></span>st consi<span class=\"__7 _355\"></span>d\u00e9r\u00e9e comm<span class=\"__7 _355\"></span>e n\u2019<span class=\"__7 _358\"></span>\u00e9tan<span class=\"__7 _355\"></span>t pas significa<span class=\"__7 _355\"></span>tivemen<span class=\"__7 _355\"></span>t diff\u00e9r<span class=\"__7 _355\"></span>ente de l<span class=\"__7 _355\"></span>a valeu<span class=\"__7 _355\"></span>r </div><div class=\"t_7 m1_7 h8_7 ff4_7 fs5_7 fc0_7 sc0_7 ls9_7 ws2c_7 gs26_1\">comp<span class=\"__7 _355\"></span>table au co\u00fbt am<span class=\"__7 _355\"></span>orti<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span></div><div class=\"t_7 m8_6 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws2d_7 gs27_1\">\u2022 po<span class=\"__7 _355\"></span>ur les pr\u00ea<span class=\"__7 _355\"></span>ts et emprun<span class=\"__7 _355\"></span>ts, tel<span class=\"__7 _355\"></span>s que les d\u00e9p\u00f4t<span class=\"__7 _355\"></span>s ou les cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es sur et dett<span class=\"__7 _355\"></span>es enver<span class=\"__7 _355\"></span>s les </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws2e_7 gs28_1\">filiale<span class=\"__7 _355\"></span>s, la j<span class=\"__7 _355\"></span>uste v<span class=\"__7 _355\"></span>aleur e<span class=\"__7 _355\"></span>st consi<span class=\"__7 _355\"></span>d\u00e9r\u00e9e comm<span class=\"__7 _355\"></span>e n\u2019<span class=\"__7 _358\"></span>\u00e9tan<span class=\"__7 _355\"></span>t pas significa<span class=\"__7 _355\"></span>tivemen<span class=\"__7 _355\"></span>t diff\u00e9r<span class=\"__7 _355\"></span>ente de l<span class=\"__7 _355\"></span>a </div><div class=\"t_7 m1_7 h8_7 ff4_7 fs5_7 fc0_7 sc0_7 ls9_7 ws2c_7 gs29_1\">va<span class=\"__7 _355\"></span>leur compt<span class=\"__7 _355\"></span>able au co\u00fbt amorti<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws2f_7 gs2a_1\">\u2022 <span class=\"__7 _359\"></span>pour les em<span class=\"__7 _355\"></span>prunts \u00e0 lon<span class=\"__7 _355\"></span>g terme,  l<span class=\"__7 _355\"></span>a jus<span class=\"__7 _355\"></span>te va<span class=\"__7 _355\"></span>leur d\u2019un inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t en dette<span class=\"__7 _355\"></span>, en l\u2019<span class=\"__7 _355\"></span>ab<span class=\"__7 _355\"></span>sence </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws30_7 gs2b_1\">de prix activ<span class=\"__7 _355\"></span>ement n\u00e9goci<span class=\"__7 _355\"></span>\u00e9s, es<span class=\"__7 _355\"></span>t g\u00e9n\u00e9ra<span class=\"__7 _355\"></span>lement d\u00e9riv<span class=\"__7 _355\"></span>\u00e9e d\u2019une ana<span class=\"__7 _355\"></span>lyse de r<span class=\"__7 _355\"></span>endement t<span class=\"__7 _355\"></span>enan<span class=\"__7 _355\"></span>t </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws31_7 gs2c_1\">comp<span class=\"__7 _355\"></span>te de la qu<span class=\"__7 _355\"></span>alit\u00e9 du c<span class=\"__7 _355\"></span>r\u00e9dit, du c<span class=\"__7 _355\"></span>oupon et de l\u2019<span class=\"__7 _358\"></span>\u00e9ch\u00e9an<span class=\"__7 _355\"></span>ce, ain<span class=\"__7 _355\"></span>si que de l\u2019<span class=\"__7 _355\"></span>applica<span class=\"__7 _355\"></span>tion de la </div><div class=\"t_7 m1_7 h8_7 ff4_7 fs5_7 fc0_7 sc0_7 ls9_7 ws2c_7 gs2d_1\">calibr<span class=\"__7 _355\"></span>ation ;<span class=\"__7 _357\"> </span></div><div class=\"t_7 m9_5 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls1e_7 ws25_7 gs2e_1\">\u2022 <span class=\"__7 _364\"></span>pour les d\u00e9riv\u00e9<span class=\"__7 _355\"></span>s de taux de cha<span class=\"__7 _355\"></span>nge ou de ta<span class=\"__7 _355\"></span>ux d\u2019int\u00e9r<span class=\"__7 _355\"></span>\u00eats<span class=\"__7 _355\"></span>, la ju<span class=\"__7 _355\"></span>ste v<span class=\"__7 _355\"></span>aleur e<span class=\"__7 _355\"></span>st arr<span class=\"__7 _355\"></span>\u00eat\u00e9e sur l<span class=\"__7 _355\"></span>a base </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws8_7 gs2f_1\">de mod\u00e8les a<span class=\"__7 _355\"></span>ctuali<span class=\"__7 _355\"></span>san<span class=\"__7 _355\"></span>t les flux futu<span class=\"__7 _355\"></span>rs d\u00e9termin<span class=\"__7 _355\"></span>\u00e9s sur la ba<span class=\"__7 _355\"></span>se des courbe<span class=\"__7 _355\"></span>s de taux d\u2019in<span class=\"__7 _355\"></span>t\u00e9r\u00ea<span class=\"__7 _355\"></span>ts </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs30_1\">futur<span class=\"__7 _355\"></span>s ou des ta<span class=\"__7 _355\"></span>ux de chan<span class=\"__7 _355\"></span>ge ou autre<span class=\"__7 _355\"></span>s prix \u00e0 terme (f<span class=\"__7 _355\"></span>or<span class=\"__7 _359\"></span>war<span class=\"__7 _355\"></span>d).<span class=\"__7 _357\"> </span></div><div class=\"t_7 ma_5 h10_7 ff9_4 fs8_7 fc4_7 sc0_7 ls1f_7 ws0_7 gs31_1\">1 <span class=\"__7 _365\"> </span> L<span class=\"__7 _355\"></span>es cr\u00e9a<span class=\"__7 _355\"></span>nces sur et les de<span class=\"__7 _355\"></span>ttes enver<span class=\"__7 _355\"></span>s les filiales son<span class=\"__7 _355\"></span>t d\u00e9sign\u00e9es \u00e0 la j<span class=\"__7 _355\"></span>uste va<span class=\"__7 _355\"></span>leur mais vu qu\u2019il s\u2019<span class=\"__7 _361\"></span>agit de cr\u00e9an<span class=\"__7 _355\"></span>ces et dett<span class=\"__7 _355\"></span>es \u00e0 tr\u00e8s co<span class=\"__7 _355\"></span>urt terme, il n\u2019y a pa<span class=\"__7 _355\"></span>s de varia<span class=\"__7 _355\"></span>tion de juste v<span class=\"__7 _355\"></span>aleur \u00e0 comp<span class=\"__7 _355\"></span>tabiliser<span class=\"__7 _361\"></span>.</div>Risq<span class=\"__7 _355\"></span>ues financier<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span>V<span class=\"__7 _361\"></span>ous tro<span class=\"__7 _355\"></span>uverez u<span class=\"__7 _355\"></span>ne descrip<span class=\"__7 _355\"></span>tion des ris<span class=\"__7 _355\"></span>ques finan<span class=\"__7 _355\"></span>ciers au po<span class=\"__7 _355\"></span>int 2.5 ci-de<span class=\"__7 _355\"></span>ssus.    D\u00e9tail<span class=\"__7 _355\"></span>s des mouvem<span class=\"__7 _355\"></span>ents pour le<span class=\"__7 _355\"></span>s inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>ts fina<span class=\"__7 _355\"></span>nciers c<span class=\"__7 _355\"></span>ompta<span class=\"__7 _355\"></span>bilis\u00e9s \u00e0 l<span class=\"__7 _355\"></span>a just<span class=\"__7 _355\"></span>e va<span class=\"__7 _355\"></span>leur de nivea<span class=\"__7 _355\"></span>u 3<span class=\"__7 _357\"> </span><table class=\"s_2 w6f_2 h21_5\" id=\"_fa17661b-abd3-49f9-af9f-f36ac31611bd\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y37c_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x84_5 y37d_3 w70_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">PORTE<span class=\"__7 _355\"></span>FEUIL<span class=\"__7 _355\"></span>LE D<span class=\"__7 _355\"></span>'INVES<span class=\"__7 _355\"></span>TISS<span class=\"__7 _355\"></span>EMENT<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x12f_2 y37d_3 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x130_2 y37d_3 w71_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y37e_3 w72_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur nett<span class=\"__7 _355\"></span>e \u00e0 l\u2019<span class=\"__7 _361\"></span>ouvertur<span class=\"__7 _355\"></span>e de la p\u00e9riode<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x131_2 y37e_3 w73_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.490.<span class=\"__7 _355\"></span>585<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x132_2 y37e_3 w74_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">8.22<span class=\"__7 _355\"></span>8.868<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y37f_3 w75_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">En<span class=\"__7 _355\"></span>tr\u00e9e<span class=\"__7 _355\"></span>s au cours de l'<span class=\"__7 _361\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x133_2 y37f_3 w76_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">494.585<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x134_2 y37f_3 w77_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _355\"></span>623<span class=\"__7 _355\"></span>.915<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y380_3 wa_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sorties au co<span class=\"__7 _355\"></span>urs de l'<span class=\"__7 _355\"></span>ex<span class=\"__7 _355\"></span>ercice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x135_2 y380_3 w78_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-135.564<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x136_2 y380_3 w79_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-547<span class=\"__7 _358\"></span>.50<span class=\"__7 _355\"></span>1<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y381_3 w7a_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>ariati<span class=\"__7 _355\"></span>ons des plu<span class=\"__7 _355\"></span>s-value<span class=\"__7 _355\"></span>s laten<span class=\"__7 _355\"></span>tes en r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x137_2 y381_3 w7b_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>96.<span class=\"__7 _355\"></span>75<span class=\"__7 _355\"></span>9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x138_2 y381_3 w7c_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">430.<span class=\"__7 _355\"></span>7<span class=\"__7 _355\"></span>38<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y382_3 w7d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>ariati<span class=\"__7 _355\"></span>ons des mo<span class=\"__7 _355\"></span>ins-va<span class=\"__7 _355\"></span>lues la<span class=\"__7 _355\"></span>tent<span class=\"__7 _355\"></span>es en r\u00e9sult<span class=\"__7 _355\"></span>at<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x139_2 y382_3 w7e_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>38.454<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x13a_2 y382_3 w7f_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>45.411<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y383_3 w80_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>ariati<span class=\"__7 _355\"></span>on des int<span class=\"__7 _355\"></span>\u00e9r\u00eats c<span class=\"__7 _355\"></span>ourus non \u00e9ch<span class=\"__7 _355\"></span>us<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x13b_2 y383_3 w81_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">2<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x13c_2 y383_3 w82_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls21_7 ws33_6\">-<span class=\"__7 _359\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y384_3 w83_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>ran<span class=\"__7 _355\"></span>sfert vers le niv<span class=\"__7 _355\"></span>eau 3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x13d_2 y384_3 w19_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x13e_2 y384_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y385_3 w84_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>ran<span class=\"__7 _355\"></span>sfert depuis le nivea<span class=\"__7 _355\"></span>u 3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x13f_2 y385_3 w19_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x140_2 y385_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w85_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur nett<span class=\"__7 _355\"></span>e \u00e0 la cl\u00f4tu<span class=\"__7 _355\"></span>re de la p\u00e9riode<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x141_2 y35f_3 w86_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.90<span class=\"__7 _355\"></span>7<span class=\"__7 _358\"></span>.913<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x142_2 y35f_3 w87_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">9.490<span class=\"__7 _355\"></span>.585<span class=\"__7 _357\"> </span></div></td></tr></table>3.<span class=\"__7 _355\"></span>3 D\u00c9P<span class=\"__7 _355\"></span>\u00d4<span class=\"__7 _355\"></span>TS ET AUTR<span class=\"__7 _355\"></span>ES A<span class=\"__7 _361\"></span>CTIF<span class=\"__7 _361\"></span>S FINA<span class=\"__7 _355\"></span>NC<span class=\"__7 _355\"></span>IER<span class=\"__7 _355\"></span>S COU<span class=\"__7 _355\"></span>RANTS<span class=\"__7 _357\"> </span><table class=\"s_2 w6f_2 h22_5\" id=\"_1a2290d7-a5d4-4aaf-bd75-4b1cf7f61e0a\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y386_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x143_2 y387_3 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x144_2 y387_3 w3_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y35d_3 w88_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">D\u00e9p\u00f4t<span class=\"__7 _355\"></span>s</div><div class=\"t_7 m2_7 x145_2 hf_7 y36c_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x146_2 y35d_3 w19_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x147_2 y35d_3 w89_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">75.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35e_3 w8a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Pla<span class=\"__7 _355\"></span>cements de tr<span class=\"__7 _355\"></span>\u00e9sor<span class=\"__7 _355\"></span>erie<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x148_2 y35e_3 w8b_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.398.6<span class=\"__7 _355\"></span>72<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x149_2 y35e_3 w8c_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">45<span class=\"__7 _355\"></span>1.925<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y388_4 w8d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls22_7 ws1e_7\">Autres<span class=\"__7 _359\"></span> cr\u00e9ances<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14a_2 y388_4 w8e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.366<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14b_2 y388_4 w8f_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">3.5<span class=\"__7 _359\"></span>44<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w90_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">D\u00e9p\u00f4ts e<span class=\"__7 _355\"></span>t autres a<span class=\"__7 _355\"></span>ctifs financier<span class=\"__7 _355\"></span>s coura<span class=\"__7 _355\"></span>nts<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14c_2 y35f_3 w91_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">1.408.0<span class=\"__7 _355\"></span>38<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14d_2 y35f_3 w92_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">5<span class=\"__7 _355\"></span>30.469<span class=\"__7 _357\"> </span></div></td></tr></table>L<span class=\"__7 _355\"></span>es plac<span class=\"__7 _355\"></span>ements de tr<span class=\"__7 _355\"></span>\u00e9sor<span class=\"__7 _355\"></span>erie son<span class=\"__7 _355\"></span>t \u00e9va<span class=\"__7 _355\"></span>lu\u00e9s \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r par le biai<span class=\"__7 _355\"></span>s du comp<span class=\"__7 _355\"></span>te de r\u00e9<span class=\"__7 _355\"></span>sultats<span class=\"__7 _355\"></span>.3.4 TR<span class=\"__7 _355\"></span>\u00c9S<span class=\"__7 _361\"></span>ORER<span class=\"__7 _355\"></span>IE ET \u00c9<span class=\"__7 _355\"></span>QUIV<span class=\"__7 _358\"></span>ALE<span class=\"__7 _355\"></span>NTS DE TR<span class=\"__7 _355\"></span>\u00c9S<span class=\"__7 _361\"></span>ORER<span class=\"__7 _355\"></span>IE<span class=\"__7 _361\"></span> <table class=\"s_2 w6f_2 h23_5\" id=\"_6c8fda7d-11af-4726-969d-7837ba56193b\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y389_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x143_2 y38a_3 w2_2 h24_4\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x144_2 y38a_3 w3_2 h24_4\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38c_3 w93_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Ba<span class=\"__7 _355\"></span>nques et c<span class=\"__7 _355\"></span>aisses<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14e_2 y38c_3 w6c_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">1<span class=\"__7 _359\"></span>8<span class=\"__7 _359\"></span>.<span class=\"__7 _359\"></span>376<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14f_2 y38c_3 w94_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">44.238<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38d_3 w95_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Pla<span class=\"__7 _355\"></span>cements e<span class=\"__7 _355\"></span>t d\u00e9p\u00f4ts \u00e0 co<span class=\"__7 _355\"></span>urt terme<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x150_2 y38d_3 w96_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1c_7 ws21_7\">1<span class=\"__7 _356\"></span>8<span class=\"__7 _356\"></span>7.<span class=\"__7 _359\"></span>0<span class=\"__7 _364\"></span>0<span class=\"__7 _359\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x151_2 y38d_3 w97_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3<span class=\"__7 _355\"></span>13.<span class=\"__7 _361\"></span>143<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w98_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>r\u00e9sorerie e<span class=\"__7 _355\"></span>t \u00e9quivalen<span class=\"__7 _355\"></span>ts de tr\u00e9<span class=\"__7 _355\"></span>sorerie<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x152_2 y35f_3 w99_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>05.3<span class=\"__7 _361\"></span>77<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x153_2 y35f_3 w9a_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">357<span class=\"__7 _358\"></span>.38<span class=\"__7 _355\"></span>1<span class=\"__7 _357\"> </span></div></td></tr></table>La tr\u00e9<span class=\"__7 _355\"></span>sorerie e<span class=\"__7 _355\"></span>t les \u00e9quiva<span class=\"__7 _355\"></span>lents de tr<span class=\"__7 _355\"></span>\u00e9sor<span class=\"__7 _355\"></span>erie se com<span class=\"__7 _355\"></span>posent de<span class=\"__7 _355\"></span>s soldes ba<span class=\"__7 _355\"></span>ncaire<span class=\"__7 _355\"></span>s, des f<span class=\"__7 _355\"></span>onds en caiss<span class=\"__7 _355\"></span>e et des plac<span class=\"__7 _355\"></span>ement<span class=\"__7 _355\"></span>s dans de<span class=\"__7 _355\"></span>s instru<span class=\"__7 _355\"></span>ments de m<span class=\"__7 _355\"></span>arc<span class=\"__7 _355\"></span>h\u00e9 mon\u00e9t<span class=\"__7 _355\"></span>aire \u00e0 tr<span class=\"__7 _355\"></span>ois moi<span class=\"__7 _355\"></span>s maximum.3.5 CAPI<span class=\"__7 _359\"></span>T<span class=\"__7 _358\"></span>AL<span class=\"__7 _357\"> </span><table class=\"s_2 w9b_2 h26_3\" id=\"_e0d6390c-e31f-4c6c-92dc-2ae99de6e72f\"><tr><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x155_2 h3_7 y38e_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x156_2 y38f_3 w9c_2 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls24_7 ws36_5\">CAPIT<span class=\"__7 _361\"></span>AL<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td class=\"c_2 n_2 x157_1 y38f_3 w9d_2 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">ACTIONS PROPRES<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td class=\"t_7 m2_7 x158_1 h4_7 y390_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE<span class=\"ls2_7 ws0_7\"> </span></td><td class=\"t_7 m2_7 x159_1 h4_7 y390_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">MONT<span class=\"__7 _361\"></span>ANT<span class=\"ls2_7 ws0_7\"> </span></td><td class=\"t_7 m2_7 x15a_1 h4_7 y390_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE<span class=\"ls2_7 ws0_7\"> </span></td><td class=\"t_7 m2_7 x15b_1 h4_7 y391_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">MONT<span class=\"__7 _361\"></span>ANT<span class=\"ls2_7 ws0_7\"> </span></td></tr><tr><td></td><td class=\"t_7 m2_7 x15c_1 h4_7 y392_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">D\u2019<span class=\"__7 _355\"></span>ACTIONS<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x15d_1 h4_7 y392_3 ff2_7 fs3_7 fc2_7 sc0_7 ls24_7 ws38_5\">DU CAPI<span class=\"__7 _359\"></span>T<span class=\"__7 _361\"></span>AL<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x15e_1 h4_7 y392_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">D\u2019<span class=\"__7 _355\"></span>ACTIONS<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x15f_1 h4_7 y393_3 ff2_7 fs3_7 fc2_7 sc0_7 ls24_7 ws38_5\">DE CAPI<span class=\"__7 _359\"></span>T<span class=\"__7 _361\"></span>AL<span class=\"ls2_7 ws0_7\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x160_1 h4_7 y394_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">D\u00c9TEN<span class=\"__7 _355\"></span>U<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x84_5 y382_3 w9e_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Soldes au 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x161_1 y382_3 w9f_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">34.250<span class=\"__7 _355\"></span>.000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x162_1 y382_3 wa0_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">79<span class=\"__7 _359\"></span>.73<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x163_1 y382_3 wa1_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.052.<span class=\"__7 _355\"></span>928<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x164_1 y382_3 wa2_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.45<span class=\"__7 _355\"></span>1<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y395_3 wa3_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Muta<span class=\"__7 _355\"></span>tions de l'<span class=\"__7 _355\"></span>ex<span class=\"__7 _355\"></span>ercic<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x165_1 y395_3 w1e_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x166_1 y395_3 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x167_1 y395_3 wa4_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">143<span class=\"__7 _355\"></span>.245<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x168_1 y395_3 wa5_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">334<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y396_3 wa6_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Soldes au 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _355\"></span>02<span class=\"__7 _361\"></span>4<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x161_1 y396_3 w9f_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">34.250<span class=\"__7 _355\"></span>.000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x162_1 y396_3 wa0_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">79<span class=\"__7 _359\"></span>.73<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x169_1 y396_3 wa7_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _361\"></span>196.<span class=\"__7 _361\"></span>173<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x16a_1 y396_3 wa8_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.<span class=\"__7 _361\"></span>785<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y397_3 wa9_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Muta<span class=\"__7 _355\"></span>tions de la p\u00e9riode</div></td><td class=\"c_2 n_2 x16b_1 y397_3 waa_2 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>2.446.42<span class=\"__7 _355\"></span>8\ue064\ue064\ue064</div></td><td class=\"c_2 n_2 x16c_1 y397_3 wab_2 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>5.<span class=\"__7 _355\"></span>695\ue064\ue064\ue064<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x16d_1 y397_3 wac_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">39<span class=\"__7 _355\"></span>.<span class=\"__7 _355\"></span>130<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x16e_1 y397_3 wad_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">91<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 wae_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">Soldes au 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _361\"></span>025<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x16f_1 y35f_3 waf_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">36.696<span class=\"__7 _355\"></span>.428<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x170_1 y35f_3 wb0_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">85.430<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x171_1 y35f_3 wb1_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">1.235.<span class=\"__7 _355\"></span>303<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x172_1 y35f_3 wb2_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">2.87<span class=\"__7 _355\"></span>6<span class=\"__7 _357\"> </span></div></td></tr></table>L<span class=\"__7 _355\"></span>e capita<span class=\"__7 _355\"></span>l sousc<span class=\"__7 _355\"></span>rit et enti<span class=\"__7 _355\"></span>\u00e8remen<span class=\"__7 _355\"></span>t lib\u00e9r\u00e9 e<span class=\"__7 _355\"></span>st cons<span class=\"__7 _355\"></span>titu\u00e9 d\u2019<span class=\"__7 _361\"></span>actions or<span class=\"__7 _355\"></span>dinair<span class=\"__7 _355\"></span>es san<span class=\"__7 _355\"></span>s d\u00e9signa<span class=\"__7 _355\"></span>tion de va<span class=\"__7 _355\"></span>leur nomina<span class=\"__7 _355\"></span>le. L<span class=\"__7 _355\"></span>e 7 octobr<span class=\"__7 _355\"></span>e 2<span class=\"__7 _355\"></span>025<span class=\"__7 _355\"></span>, Sofina a pr<span class=\"__7 _355\"></span>oc\u00e9d\u00e9 \u00e0 une augmen<span class=\"__7 _355\"></span>ta<span class=\"__7 _355\"></span>tion de capita<span class=\"__7 _355\"></span>l d\u2019un mon<span class=\"__7 _355\"></span>tan<span class=\"__7 _355\"></span>t tota<span class=\"__7 _355\"></span>l de 545.55<span class=\"__7 _355\"></span>3 milliers EU<span class=\"__7 _355\"></span>R, r\u00e9sult<span class=\"__7 _355\"></span>ant en l\u2019<span class=\"__7 _358\"></span>\u00e9missi<span class=\"__7 _355\"></span>on de 2.4<span class=\"__7 _359\"></span>46<span class=\"__7 _355\"></span>.428 ac<span class=\"__7 _355\"></span>tions en<span class=\"__7 _355\"></span>ti\u00e8rem<span class=\"__7 _355\"></span>ent lib\u00e9r<span class=\"__7 _355\"></span>\u00e9es lors de leur so<span class=\"__7 _355\"></span>uscrip<span class=\"__7 _355\"></span>tion. Con<span class=\"__7 _355\"></span>form\u00e9men<span class=\"__7 _355\"></span>t aux mod<span class=\"__7 _355\"></span>alit\u00e9s de l\u2019<span class=\"__7 _358\"></span>op\u00e9r<span class=\"__7 _355\"></span>ation, 5.<span class=\"__7 _355\"></span>695 milliers EUR on<span class=\"__7 _355\"></span>t \u00e9t\u00e9<span class=\"__7 _355\"></span> affe<span class=\"__7 _355\"></span>ct\u00e9s a<span class=\"__7 _355\"></span>u capita<span class=\"__7 _355\"></span>l social, ta<span class=\"__7 _355\"></span>ndis que le solde de 5<span class=\"__7 _355\"></span>39.858 milli<span class=\"__7 _355\"></span>ers EUR a \u00e9t<span class=\"__7 _355\"></span>\u00e9 compt<span class=\"__7 _355\"></span>abilis\u00e9 en<span class=\"__7 _355\"></span> prime d\u2019<span class=\"__7 _358\"></span>\u00e9mission, mon<span class=\"__7 _355\"></span>tan<span class=\"__7 _355\"></span>t ra<span class=\"__7 _355\"></span>men\u00e9 \u00e0 538.<span class=\"__7 _355\"></span>091 milliers EU<span class=\"__7 _355\"></span>R apr\u00e8s d\u00e9d<span class=\"__7 _355\"></span>uction des fr<span class=\"__7 _355\"></span>ais li\u00e9s \u00e0<span class=\"__7 _355\"></span> l\u2019<span class=\"__7 _358\"></span>op\u00e9rati<span class=\"__7 _355\"></span>on de 7<span class=\"__7 _358\"></span>.462 milliers EUR.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es propri<span class=\"__7 _355\"></span>\u00e9taire<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _355\"></span>action<span class=\"__7 _355\"></span>s ordinair<span class=\"__7 _355\"></span>es on<span class=\"__7 _355\"></span>t le droit de r<span class=\"__7 _355\"></span>ecev<span class=\"__7 _355\"></span>oir des dividende<span class=\"__7 _355\"></span>s et ont dr<span class=\"__7 _355\"></span>oit \u00e0 une<span class=\"__7 _355\"></span> voix p<span class=\"__7 _355\"></span>ar action a<span class=\"__7 _355\"></span>ux assembl\u00e9e<span class=\"__7 _355\"></span>s g\u00e9n\u00e9ra<span class=\"__7 _355\"></span>les des ac<span class=\"__7 _355\"></span>tionnaire<span class=\"__7 _355\"></span>s de la Soci\u00e9t<span class=\"__7 _355\"></span>\u00e9.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>e dividende brut au titr<span class=\"__7 _355\"></span>e de l\u2019<span class=\"__7 _358\"></span>exer<span class=\"__7 _355\"></span>cice 2<span class=\"__7 _355\"></span>02<span class=\"__7 _361\"></span>4, pay\u00e9 en 2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>5, \u00e9tait de <span><span class=\"gs4b_1\" id=\"__155\">3 ,50</span> </span>EUR pa<span class=\"__7 _355\"></span>r action, soit un m<span class=\"__7 _355\"></span>ontan<span class=\"__7 _355\"></span>t to<span class=\"__7 _355\"></span>tal brut de 115.<span class=\"__7 _361\"></span>792 millier<span class=\"__7 _355\"></span>s EUR. Au 31 d\u00e9c<span class=\"__7 _355\"></span>embre 2<span class=\"__7 _361\"></span>025, So<span class=\"__7 _355\"></span>fina SA d\u00e9ten<span class=\"__7 _355\"></span>ait 1.2<span class=\"__7 _355\"></span>35.303 a<span class=\"__7 _355\"></span>ctions pr<span class=\"__7 _355\"></span>opre<span class=\"__7 _355\"></span>s, con<span class=\"__7 _355\"></span>tre 1.<span class=\"__7 _361\"></span>196<span class=\"__7 _355\"></span>.<span class=\"__7 _355\"></span>17<span class=\"__7 _355\"></span>3 action<span class=\"__7 _355\"></span>s propr<span class=\"__7 _355\"></span>es au 3<span class=\"__7 _355\"></span>1 d\u00e9cembr<span class=\"__7 _355\"></span>e 20<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>4. Au cour<span class=\"__7 _355\"></span>s de l\u2019<span class=\"__7 _361\"></span>ann\u00e9e 2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>5, 189<span class=\"__7 _361\"></span>.068 action<span class=\"__7 _355\"></span>s propr<span class=\"__7 _355\"></span>es on<span class=\"__7 _355\"></span>t \u00e9t\u00e9 acqui<span class=\"__7 _355\"></span>ses, e<span class=\"__7 _355\"></span>t 236<span class=\"__7 _355\"></span>.640 action<span class=\"__7 _355\"></span>s propr<span class=\"__7 _355\"></span>es ont<span class=\"__7 _355\"></span> \u00e9t\u00e9 c\u00e9d<span class=\"__7 _359\"></span>\u00e9es.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>e dividende brut pr<span class=\"__7 _355\"></span>opos\u00e9 pour l\u2019<span class=\"__7 _361\"></span>ann\u00e9e 2<span class=\"__7 _361\"></span>025 e<span class=\"__7 _355\"></span>st de 3,<span class=\"__7 _355\"></span>66 EUR par acti<span class=\"__7 _355\"></span>on.<span class=\"__7 _357\"> </span>1 <span class=\"__7 _365\"> </span> D\u00e9p\u00f4ts \u00e0 lon<span class=\"__7 _355\"></span>g terme av<span class=\"__7 _355\"></span>ec un pr\u00e9avi<span class=\"__7 _355\"></span>s de 32 jours.3.<span class=\"__7 _355\"></span>6 ENGA<span class=\"__7 _361\"></span>GEM<span class=\"__7 _355\"></span>ENTS DE R<span class=\"__7 _355\"></span>ETRAITE ET A<span class=\"__7 _358\"></span>V<span class=\"__7 _361\"></span>ANT<span class=\"__7 _358\"></span>A<span class=\"__7 _361\"></span>GE<span class=\"__7 _355\"></span>S ASS<span class=\"__7 _355\"></span>IMIL<span class=\"__7 _355\"></span>\u00c9<span class=\"__7 _355\"></span>S<span class=\"__7 _357\"> </span>Sofina SA oc<span class=\"__7 _355\"></span>troie de<span class=\"__7 _355\"></span>s pres<span class=\"__7 _355\"></span>tation<span class=\"__7 _355\"></span>s de re<span class=\"__7 _355\"></span>traite e<span class=\"__7 _355\"></span>t de d\u00e9c\u00e8s qui son<span class=\"__7 _355\"></span>t finan<span class=\"__7 _355\"></span>c\u00e9es via de<span class=\"__7 _355\"></span>s contr<span class=\"__7 _355\"></span>ats<span class=\"__7 _355\"></span> d\u2019<span class=\"__7 _361\"></span>assura<span class=\"__7 _355\"></span>nce de gr<span class=\"__7 _355\"></span>oupe du type \u00ab pres<span class=\"__7 _355\"></span>tation<span class=\"__7 _355\"></span>s d\u00e9finie<span class=\"__7 _355\"></span>s \u00bb, \u00ab contributi<span class=\"__7 _355\"></span>ons d\u00e9finie<span class=\"__7 _355\"></span>s \u00bb et du type \u00ab cash b<span class=\"__7 _355\"></span>alanc<span class=\"__7 _355\"></span>e \u00bb. L<span class=\"__7 _355\"></span>es con<span class=\"__7 _355\"></span>tribution<span class=\"__7 _355\"></span>s octro<span class=\"__7 _355\"></span>y\u00e9es au per<span class=\"__7 _355\"></span>sonnel dan<span class=\"__7 _355\"></span>s le plan d<span class=\"__7 _355\"></span>u t<span class=\"__7 _359\"></span>ype \u00ab cash ba<span class=\"__7 _355\"></span>lanc<span class=\"__7 _355\"></span>e \u00bb sont ca<span class=\"__7 _355\"></span>pita<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>lis\u00e9e<span class=\"__7 _355\"></span>s \u00e0 haute<span class=\"__7 _355\"></span>ur d\u2019un rendem<span class=\"__7 _355\"></span>ent de tr<span class=\"__7 _355\"></span>ois pour c<span class=\"__7 _355\"></span>ent. L<span class=\"__7 _355\"></span>e finan<span class=\"__7 _355\"></span>cemen<span class=\"__7 _355\"></span>t du plan e<span class=\"__7 _355\"></span>st effect<span class=\"__7 _355\"></span>u\u00e9 par le biai<span class=\"__7 _355\"></span>s d\u2019une assur<span class=\"__7 _355\"></span>ance de gr<span class=\"__7 _355\"></span>oupe en ca<span class=\"__7 _355\"></span>pitalisa<span class=\"__7 _355\"></span>tion collectiv<span class=\"__7 _355\"></span>e en bra<span class=\"__7 _355\"></span>nche 2<span class=\"__7 _355\"></span>3 dont le<span class=\"__7 _355\"></span>s actifs son<span class=\"__7 _355\"></span>t principalemen<span class=\"__7 _355\"></span>t inve<span class=\"__7 _355\"></span>stis da<span class=\"__7 _355\"></span>ns des f<span class=\"__7 _355\"></span>onds d\u2019inve<span class=\"__7 _355\"></span>stissem<span class=\"__7 _355\"></span>ent. L<span class=\"__7 _355\"></span>es ac<span class=\"__7 _355\"></span>tifs des plan<span class=\"__7 _355\"></span>s de pension<span class=\"__7 _355\"></span> ne son<span class=\"__7 _355\"></span>t pas inv<span class=\"__7 _355\"></span>estis da<span class=\"__7 _355\"></span>ns des titr<span class=\"__7 _355\"></span>es Sofin<span class=\"__7 _355\"></span>a. Il n\u2019y a que de<span class=\"__7 _355\"></span>ux affili\u00e9s con<span class=\"__7 _355\"></span>tinua<span class=\"__7 _355\"></span>nt le pla<span class=\"__7 _355\"></span>n du type \u00ab prest<span class=\"__7 _355\"></span>ation<span class=\"__7 _355\"></span>s d\u00e9finies \u00bb.  L<span class=\"__7 _355\"></span>es pla<span class=\"__7 _355\"></span>ns du type \u00ab cash ba<span class=\"__7 _355\"></span>lance \u00bb e<span class=\"__7 _355\"></span>t \u00ab contrib<span class=\"__7 _355\"></span>utions d\u00e9fini<span class=\"__7 _355\"></span>es \u00bb sont s<span class=\"__7 _355\"></span>oumis \u00e0 un r<span class=\"__7 _355\"></span>endement<span class=\"__7 _355\"></span> minimum ga<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>ti et son<span class=\"__7 _355\"></span>t donc con<span class=\"__7 _355\"></span>sid\u00e9r\u00e9s c<span class=\"__7 _355\"></span>omme des pla<span class=\"__7 _355\"></span>ns du type \u00ab pre<span class=\"__7 _355\"></span>stati<span class=\"__7 _355\"></span>ons d\u00e9finie<span class=\"__7 _355\"></span>s \u00bb selon la norm<span class=\"__7 _355\"></span>e IAS 19<span class=\"__7 _355\"></span>. Ceux-ci on<span class=\"__7 _355\"></span>t \u00e9t\u00e9 \u00e9<span class=\"__7 _355\"></span>val<span class=\"__7 _355\"></span>u\u00e9s sur la ba<span class=\"__7 _355\"></span>se de la m\u00e9thode \u00ab T<span class=\"__7 _358\"></span>r<span class=\"__7 _355\"></span>aditional Unit<span class=\"__7 _355\"></span> C<span class=\"__7 _355\"></span>redit \u00bb san<span class=\"__7 _355\"></span>s proje<span class=\"__7 _355\"></span>ction des prime<span class=\"__7 _355\"></span>s futur<span class=\"__7 _355\"></span>es. L<span class=\"__7 _361\"></span>e plan de type \u00ab prest<span class=\"__7 _355\"></span>ation<span class=\"__7 _355\"></span>s d\u00e9finies \u00bb a \u00e9<span class=\"__7 _355\"></span>t\u00e9 \u00e9v<span class=\"__7 _355\"></span>alu\u00e9 sur la b<span class=\"__7 _355\"></span>ase de la m\u00e9<span class=\"__7 _355\"></span>thode \u00ab Pr<span class=\"__7 _355\"></span>oject<span class=\"__7 _355\"></span>ed Unit Cr<span class=\"__7 _355\"></span>edit \u00bb (en applic<span class=\"__7 _355\"></span>ation de la n<span class=\"__7 _355\"></span>orme IAS 19).<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>e plan de r<span class=\"__7 _355\"></span>etrait<span class=\"__7 _355\"></span>e chez Sofin<span class=\"__7 _355\"></span>a Invest e<span class=\"__7 _355\"></span>t Sofina Ca<span class=\"__7 _355\"></span>pital au Gr<span class=\"__7 _355\"></span>and-D<span class=\"__7 _355\"></span>uch\u00e9 de L<span class=\"__7 _355\"></span>uxembou<span class=\"__7 _355\"></span>rg est un plan d<span class=\"__7 _355\"></span>u t<span class=\"__7 _359\"></span>ype \u00ab con<span class=\"__7 _355\"></span>tribution<span class=\"__7 _355\"></span>s d\u00e9finies \u00bb sa<span class=\"__7 _355\"></span>ns ren<span class=\"__7 _355\"></span>dement minim<span class=\"__7 _355\"></span>um gara<span class=\"__7 _355\"></span>nti pa<span class=\"__7 _355\"></span>r l\u2019<span class=\"__7 _361\"></span>employ<span class=\"__7 _355\"></span>eur<span class=\"__7 _355\"></span>. \u00c0 Singapo<span class=\"__7 _355\"></span>ur<span class=\"__7 _355\"></span>, Sofina Asia n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _361\"></span>offre p<span class=\"__7 _355\"></span>as de plan de r<span class=\"__7 _355\"></span>etrait<span class=\"__7 _355\"></span>e mais un pla<span class=\"__7 _355\"></span>n d\u00e9c\u00e8s et inv<span class=\"__7 _355\"></span>alidit\u00e9<span class=\"__7 _355\"></span>. L<span class=\"__7 _355\"></span>e co\u00fbt y a<span class=\"__7 _355\"></span>ff\u00e9ra<span class=\"__7 _355\"></span>nt n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _361\"></span>est pa<span class=\"__7 _355\"></span>s refl\u00e9<span class=\"__7 _355\"></span>t\u00e9 direc<span class=\"__7 _355\"></span>temen<span class=\"__7 _355\"></span>t dan<span class=\"__7 _355\"></span>s le r\u00e9sulta<span class=\"__7 _355\"></span>t de Sofina so<span class=\"__7 _355\"></span>us le sta<span class=\"__7 _355\"></span>tut d\u2019E<span class=\"__7 _355\"></span>ntit<span class=\"__7 _355\"></span>\u00e9 d\u2019Inv<span class=\"__7 _355\"></span>estiss<span class=\"__7 _355\"></span>ement, mai<span class=\"__7 _355\"></span>s dan<span class=\"__7 _355\"></span>s le r\u00e9sult<span class=\"__7 _355\"></span>at de ces fili<span class=\"__7 _355\"></span>ales qui son<span class=\"__7 _355\"></span>t re<span class=\"__7 _355\"></span>prises da<span class=\"__7 _355\"></span>ns les com<span class=\"__7 _355\"></span>pte<span class=\"__7 _355\"></span>s de Sofina \u00e0 l<span class=\"__7 _355\"></span>a jus<span class=\"__7 _355\"></span>te va<span class=\"__7 _355\"></span>leur<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span><table class=\"s_2 w1_2 h29_3\" id=\"_012fb417-f368-4b0f-ba42-b9683cc7a7c6\"><tr><td></td><td></td><td class=\"t_7 m2_7 x7f_5 h3_7 y398_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x81_5 y399_3 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x82_5 y399_3 w3_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h5_7 y39a_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tants c<span class=\"__7 _355\"></span>omptabili<span class=\"__7 _355\"></span>s\u00e9s au bila<span class=\"__7 _355\"></span>n<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 x84_5 y39d_3 wb3_2 h2a_3\"><div class=\"t_7 m2_7 x80_5 h11_7 y39b_3 ffa_3 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Plan du type \u00ab pr<span class=\"__7 _355\"></span>est<span class=\"__7 _355\"></span>ations d\u00e9finie<span class=\"__7 _355\"></span>s \u00bb</div><div class=\"t_7 m2_7 x173_1 h12_7 y39c_3 ffa_3 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">1<span class=\"__7 _357\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y39e_3 wb4_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur act<span class=\"__7 _355\"></span>uelle des obligation<span class=\"__7 _355\"></span>s de pension<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x174_1 y39e_3 wb5_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">6<span class=\"__7 _355\"></span>.462<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x175_1 y39e_3 wb6_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls6_7 ws5_7\">6.678<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y39f_3 wb7_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant n<span class=\"__7 _355\"></span>on reconnu c<span class=\"__7 _355\"></span>omme actif<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x176_1 y39f_3 w19_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x177_1 y39f_3 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3a0_3 wb8_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Just<span class=\"__7 _355\"></span>e valeur de<span class=\"__7 _355\"></span>s actifs<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x178_1 y3a0_3 wb9_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-6.<span class=\"__7 _355\"></span>005<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x179_1 y3a0_3 wba_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-6.<span class=\"__7 _358\"></span>145<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3a1_3 wbb_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur act<span class=\"__7 _355\"></span>uelle nette des obliga<span class=\"__7 _355\"></span>tions de pen<span class=\"__7 _355\"></span>sion<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x17a_1 y3a1_3 wbc_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls27_7 ws4a_5\">4<span class=\"__7 _359\"></span>57<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x17b_1 y3a1_3 wbd_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">533<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h11_7 y3a2_3 ffa_3 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Plan du type \u00ab con<span class=\"__7 _355\"></span>tributions d<span class=\"__7 _355\"></span>\u00e9finies \u00bb<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3a3_3 wb4_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur act<span class=\"__7 _355\"></span>uelle des obligation<span class=\"__7 _355\"></span>s de pension<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x17c_1 y3a3_3 wbe_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">4.611<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x17d_1 y3a3_3 wbf_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">4.348<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3a4_3 wb7_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant n<span class=\"__7 _355\"></span>on reconnu c<span class=\"__7 _355\"></span>omme actif<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x176_1 y3a4_3 w19_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x177_1 y3a4_3 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3a5_3 wb8_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Just<span class=\"__7 _355\"></span>e valeur de<span class=\"__7 _355\"></span>s actifs<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x17e_1 y3a5_3 wc0_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-4.611<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x17f_1 y3a5_3 wc1_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-4.2<span class=\"__7 _355\"></span>70<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 wbb_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur act<span class=\"__7 _355\"></span>uelle nette des obliga<span class=\"__7 _355\"></span>tions de pen<span class=\"__7 _355\"></span>sion<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x180_1 y35f_3 wc2_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x181_1 y35f_3 wc3_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls28_7 ws4b_5\">78<span class=\"__7 _357\"> </span></div></td></tr></table><table class=\"s_2 wc4_2 h2b_3\" id=\"_348e553e-9c5f-4ac2-9569-cc7fe6279ebb\"><tr><td class=\"t_7 m2_7 x183_1 h11_7 y3a6_3 ffa_3 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Plan du type \u00ab ca<span class=\"__7 _355\"></span>sh balance \u00bb<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3a8_3 wb4_2 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur act<span class=\"__7 _355\"></span>uelle des obligation<span class=\"__7 _355\"></span>s de pension<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x184_1 y3a8_3 wc5_2 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.288<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x185_1 y3a8_3 wc6_2 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls29_7 ws4c_5\">9.<span class=\"__7 _359\"></span>6<span class=\"__7 _359\"></span>83<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3a9_3 wb7_2 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant n<span class=\"__7 _355\"></span>on reconnu c<span class=\"__7 _355\"></span>omme actif<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x186_1 y3a9_3 wc7_2 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.899<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x187_1 y3a9_3 wc8_2 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.911<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3aa_3 wb8_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Just<span class=\"__7 _355\"></span>e valeur de<span class=\"__7 _355\"></span>s actifs<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x188_1 y3aa_3 wc9_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-13.<span class=\"__7 _358\"></span>187<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x189_1 y3aa_3 wca_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-11.5<span class=\"__7 _355\"></span>94<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ab_3 wbb_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur act<span class=\"__7 _355\"></span>uelle nette des obliga<span class=\"__7 _355\"></span>tions de pen<span class=\"__7 _355\"></span>sion<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x18a_1 y3ab_3 wcb_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x18b_1 y3ab_3 wcb_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x183_1 h5_7 y3ac_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>otal de<span class=\"__7 _355\"></span>s plans<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ad_3 wb4_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur act<span class=\"__7 _355\"></span>uelle des obligation<span class=\"__7 _355\"></span>s de pension<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x18c_1 y3ad_3 wcc_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">22.361<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x18d_1 y3ad_3 wcd_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">20<span class=\"__7 _359\"></span>.70<span class=\"__7 _359\"></span>9<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ae_3 wb7_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant n<span class=\"__7 _355\"></span>on reconnu c<span class=\"__7 _355\"></span>omme actif<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x186_1 y3ae_3 wc7_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.899<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x187_1 y3ae_3 wc8_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.911<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3af_3 wb8_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Just<span class=\"__7 _355\"></span>e valeur de<span class=\"__7 _355\"></span>s actifs<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x18e_1 y3af_3 wce_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>3.803<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x18f_1 y3af_3 wcf_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-22.009<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3b0_3 wbb_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur act<span class=\"__7 _355\"></span>uelle nette des obliga<span class=\"__7 _355\"></span>tions de pen<span class=\"__7 _355\"></span>sion<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x190_1 y3b0_3 wbc_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls27_7 ws4a_5\">4<span class=\"__7 _359\"></span>57<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x191_1 y3b0_3 wd0_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">611<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x183_1 h6_7 y3b1_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Just<span class=\"__7 _355\"></span>e valeur de<span class=\"__7 _355\"></span>s actifs </td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3b2_3 wd1_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">F<span class=\"__7 _355\"></span>onds d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t collectif pa<span class=\"__7 _355\"></span>trimonial<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x192_1 y3b2_3 wd2_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">14.5<span class=\"__7 _355\"></span>99<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x193_1 y3b2_3 wd3_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">12.<span class=\"__7 _355\"></span>961<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3b3_3 wd4_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Actifs g\u00e9r<span class=\"__7 _355\"></span>\u00e9s par l\u2019<span class=\"__7 _361\"></span>assur<span class=\"__7 _355\"></span>eur<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x194_1 y3b3_3 wd5_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls29_7 ws4c_5\">9.<span class=\"__7 _359\"></span>204<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x195_1 y3b3_3 wd6_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls29_7 ws4c_5\">9.0<span class=\"__7 _359\"></span>4<span class=\"__7 _359\"></span>8<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3b4_3 wd7_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Just<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r des actifs<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x196_1 y3b4_3 wd8_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">23<span class=\"__7 _355\"></span>.803<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x197_1 y3b4_3 wd9_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">22.009<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x183_1 h5_7 y3b5_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mouvem<span class=\"__7 _355\"></span>ents des en<span class=\"__7 _355\"></span>gagements en c<span class=\"__7 _355\"></span>ours d\u2019<span class=\"__7 _361\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3b6_3 wda_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">P<span class=\"__7 _355\"></span>assifs n<span class=\"__7 _355\"></span>ets \u00e0 l\u2019<span class=\"__7 _361\"></span>ouvertur<span class=\"__7 _355\"></span>e de l\u2019<span class=\"__7 _361\"></span>ex<span class=\"__7 _355\"></span>ercice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x198_1 y3b6_3 wdb_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">611<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x199_1 y3b6_3 wdc_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">675<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3b7_3 wdd_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant r<span class=\"__7 _355\"></span>econnu en f<span class=\"__7 _355\"></span>onds propr<span class=\"__7 _355\"></span>es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x19a_1 y3b7_3 wde_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls6_7 ws5_7\">-5<span class=\"__7 _359\"></span>28<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x19b_1 y3b7_3 wdf_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2a_7 ws4d_5\">683<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3b8_3 we0_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Pr<span class=\"__7 _355\"></span>oduit ou cha<span class=\"__7 _355\"></span>rge net(t<span class=\"__7 _355\"></span>e) compta<span class=\"__7 _355\"></span>bilis\u00e9(e) au com<span class=\"__7 _355\"></span>pte de r<span class=\"__7 _355\"></span>\u00e9sultat<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x19c_1 y3b8_3 we1_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.<span class=\"__7 _358\"></span>122<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x19d_1 y3b8_3 we2_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.42<span class=\"__7 _355\"></span>0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3b9_3 we3_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Co<span class=\"__7 _355\"></span>tisation<span class=\"__7 _355\"></span>s vers\u00e9<span class=\"__7 _355\"></span>es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x19e_1 y3b9_3 we4_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-1.<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>48<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x19f_1 y3b9_3 we5_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2.<span class=\"__7 _361\"></span>167<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ba_3 we6_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant com<span class=\"__7 _355\"></span>ptabili<span class=\"__7 _355\"></span>s\u00e9 \u00e0 la cl\u00f4tu<span class=\"__7 _355\"></span>re de l\u2019<span class=\"__7 _361\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1a0_1 y3ba_3 we7_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls27_7 ws4a_5\">457<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1a1_1 y3ba_3 wd0_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">611<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x183_1 h5_7 y3bb_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Char<span class=\"__7 _355\"></span>ges de pension com<span class=\"__7 _355\"></span>ptabili<span class=\"__7 _355\"></span>s\u00e9es au comp<span class=\"__7 _355\"></span>te de r\u00e9<span class=\"__7 _355\"></span>sultats<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3bc_3 we8_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Co\u00fbt de<span class=\"__7 _355\"></span>s ser<span class=\"__7 _359\"></span>vice<span class=\"__7 _355\"></span>s rendu<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1a2_1 y3bc_3 we9_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2.<span class=\"__7 _361\"></span>110<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1a3_1 y3bc_3 wea_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-1.415<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3bd_3 web_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats n<span class=\"__7 _355\"></span>ets sur les obliga<span class=\"__7 _355\"></span>tions de pen<span class=\"__7 _355\"></span>sion<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1a4_1 y3bd_3 wec_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1a5_1 y3bd_3 wed_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">4<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3be_3 wee_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Re<span class=\"__7 _355\"></span>venu<span class=\"__7 _355\"></span>s d\u2019int\u00e9r<span class=\"__7 _355\"></span>\u00eats<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1a6_1 y3be_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1a7_1 y3be_3 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3a3_3 wef_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Co\u00fbt<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _355\"></span>administr<span class=\"__7 _355\"></span>ation<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1a8_1 y3a3_3 wf0_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-17<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1a9_1 y3a3_3 wf1_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-9<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3bf_3 wf2_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Re<span class=\"__7 _355\"></span>prise des co\u00fbt<span class=\"__7 _355\"></span>s des services pas<span class=\"__7 _355\"></span>s\u00e9s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1aa_1 y3bf_3 w1e_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ab_1 y3bf_3 w1e_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3a5_3 wf3_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Gain<span class=\"__7 _355\"></span>s (+) / pertes (-) actu<span class=\"__7 _355\"></span>ariels r<span class=\"__7 _355\"></span>econnus<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ac_1 y3a5_3 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ad_1 y3a5_3 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 wf4_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Char<span class=\"__7 _355\"></span>ges nette<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ae_1 y35f_3 wf5_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2.<span class=\"__7 _361\"></span>122<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1af_1 y35f_3 wf6_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-1.42<span class=\"__7 _355\"></span>0<span class=\"__7 _357\"> </span></div></td></tr></table>1 <span class=\"__7 _365\"> </span>  <span class=\"__7 _8f_2\"></span>Ces m<span class=\"__7 _355\"></span>ontan<span class=\"__7 _355\"></span>ts compr<span class=\"__7 _355\"></span>ennent les obliga<span class=\"__7 _355\"></span>tions et actifs r<span class=\"__7 _355\"></span>elatifs aux pl<span class=\"__7 _355\"></span>ans du type \u00ab pre<span class=\"__7 _355\"></span>station<span class=\"__7 _355\"></span>s d\u00e9finies \u00bb pour les a<span class=\"__7 _355\"></span>ffili\u00e9s qui ont ch<span class=\"__7 _355\"></span>oisi de contin<span class=\"__7 _355\"></span>uer leur carri\u00e8r<span class=\"__7 _355\"></span>e dans ce<span class=\"__7 _355\"></span>s plans, m<span class=\"__7 _355\"></span>ais aussi le<span class=\"__7 _355\"></span>s obligations e<span class=\"__7 _355\"></span>t actifs histori<span class=\"__7 _355\"></span>ques de ces m\u00eames pl<span class=\"__7 _355\"></span>ans pour t<span class=\"__7 _355\"></span>ous ceux qui on<span class=\"__7 _355\"></span>t choisi de pa<span class=\"__7 _355\"></span>sser vers le pla<span class=\"__7 _355\"></span>n du type \u00ab cash balan<span class=\"__7 _355\"></span>ce \u00bb<span class=\"__7 _357\"> </span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es cha<span class=\"__7 _355\"></span>rges de pen<span class=\"__7 _355\"></span>sion sont r<span class=\"__7 _355\"></span>eprise<span class=\"__7 _355\"></span>s dans l<span class=\"__7 _355\"></span>a rubrique Autr<span class=\"__7 _355\"></span>es cha<span class=\"__7 _355\"></span>rges du com<span class=\"__7 _355\"></span>pte de r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>ts. <table class=\"s_2 w6f_2 h2f_3\" id=\"_be7adbbe-1ae5-4057-a274-0ce0235d2dcc\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y3ca_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x143_2 y3cb_3 w2_2 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x144_2 y3cb_3 w3_2 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y3cc_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Prin<span class=\"__7 _355\"></span>cipales h<span class=\"__7 _355\"></span>ypoth\u00e8se<span class=\"__7 _355\"></span>s actua<span class=\"__7 _355\"></span>rielles \u00e0 la cl\u00f4<span class=\"__7 _355\"></span>ture de l\u2019<span class=\"__7 _358\"></span>ex<span class=\"__7 _355\"></span>ercice<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 x84_5 y3cd_3 w115_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>aux d\u2019<span class=\"__7 _361\"></span>actua<span class=\"__7 _355\"></span>lisation</div><div class=\"t_7 m2_7 x1dd_1 hf_7 y377_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">1<span class=\"__7 _357\"> </span></div></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y3ce_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Pla<span class=\"__7 _355\"></span>n du type \u00ab presta<span class=\"__7 _355\"></span>tions d\u00e9<span class=\"__7 _355\"></span>finies \u00bb<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3cf_3 w116_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">- Ancien pla<span class=\"__7 _355\"></span>n<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1de_1 y3cf_3 w117_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3,40%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1df_1 y3cf_3 w118_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3<span class=\"__7 _355\"></span>,<span class=\"__7 _361\"></span>15%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3d0_3 w119_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">- Nouv<span class=\"__7 _355\"></span>eau plan<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e0_1 y3d0_3 w11a_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3,<span class=\"__7 _355\"></span>90%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e1_1 y3d0_3 w11b_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3,45%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y3d1_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Pla<span class=\"__7 _355\"></span>n du type \u00ab contributio<span class=\"__7 _355\"></span>ns d\u00e9finies \u00bb<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3d2_3 w116_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">- Ancien pla<span class=\"__7 _355\"></span>n<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e2_1 y3d2_3 w11c_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3,<span class=\"__7 _355\"></span>36%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e3_1 y3d2_3 w11d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3,<span class=\"__7 _361\"></span>15%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3d3_3 w119_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">- Nouv<span class=\"__7 _355\"></span>eau plan<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e0_1 y3d3_3 w11a_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3<span class=\"__7 _355\"></span>,60%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e1_1 y3d3_3 w11e_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3,25%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3d4_3 w11f_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Pla<span class=\"__7 _355\"></span>n du type \u00ab cash bala<span class=\"__7 _355\"></span>nce \u00bb<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e4_1 y3d4_3 w120_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3,<span class=\"__7 _355\"></span>95%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e5_1 y3d4_3 w11b_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3,45%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3d5_3 w121_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>aux de cr<span class=\"__7 _355\"></span>oissa<span class=\"__7 _355\"></span>nce des sal<span class=\"__7 _355\"></span>aires<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e6_1 y3d5_3 w122_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5,<span class=\"__7 _355\"></span>00%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e7_1 y3d5_3 w122_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5,<span class=\"__7 _355\"></span>00%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3d6_3 w123_2 h30_3\"><div class=\"t_7 m2_7 x80_5 h11_7 y39b_3 ffa_3 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>aux d\u2019inflation<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e8_1 y3d6_3 w124_2 h30_3\"><div class=\"t_7 m2_7 x80_5 h11_7 y39b_3 ffa_3 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2,00%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e9_1 y3d6_3 w125_2 h30_3\"><div class=\"t_7 m2_7 x80_5 h11_7 y39b_3 ffa_3 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2,00%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3d7_3 w126_2 h30_3\"><div class=\"t_7 m2_7 x80_5 h11_7 y39b_3 ffa_3 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>able de mortalit\u00e9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ea_1 y3d7_3 w127_2 h30_3\"><div class=\"t_7 m2_7 x80_5 h11_7 y39b_3 ffa_3 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">MR-5/F<span class=\"__7 _355\"></span>R-5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1eb_1 y3d7_3 w128_2 h30_3\"><div class=\"t_7 m2_7 x80_5 h11_7 y39b_3 ffa_3 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">MR-5/FR-5<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h5_7 y3d8_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">\u00c9v<span class=\"__7 _355\"></span>olution de la va<span class=\"__7 _355\"></span>leur actuelle de<span class=\"__7 _355\"></span>s presta<span class=\"__7 _355\"></span>tions de r<span class=\"__7 _355\"></span>etrait<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3d9_3 w129_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur act<span class=\"__7 _355\"></span>uelle des pre<span class=\"__7 _355\"></span>station<span class=\"__7 _355\"></span>s \u00e0 l\u2019<span class=\"__7 _361\"></span>ouvertur<span class=\"__7 _355\"></span>e de l\u2019<span class=\"__7 _361\"></span>ex<span class=\"__7 _355\"></span>ercice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ec_1 y3d9_3 w12a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">20<span class=\"__7 _359\"></span>.70<span class=\"__7 _359\"></span>9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ed_1 y3d9_3 w12b_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">21.862<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3da_3 w12c_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Co\u00fbt de<span class=\"__7 _355\"></span>s ser<span class=\"__7 _359\"></span>vice<span class=\"__7 _355\"></span>s (employeur)<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ee_1 y3da_3 w12d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.<span class=\"__7 _361\"></span>110<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ef_1 y3da_3 w12e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.414<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3db_3 w12f_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Co\u00fbt de<span class=\"__7 _355\"></span>s ser<span class=\"__7 _359\"></span>vice<span class=\"__7 _355\"></span>s (employ\u00e9)<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f0_1 y3db_3 w130_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">82<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f1_1 y3db_3 w131_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1b_7 ws4f_5\">104<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3dc_3 w132_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Co\u00fbt d\u2019in<span class=\"__7 _355\"></span>t\u00e9r<span class=\"__7 _355\"></span>\u00eats<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f2_1 y3dc_3 w133_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls29_7 ws4c_5\">6<span class=\"__7 _359\"></span>57<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f3_1 y3dc_3 w134_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2c_7 ws50_5\">898<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3dd_3 w135_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Pr<span class=\"__7 _355\"></span>esta<span class=\"__7 _355\"></span>tions pa<span class=\"__7 _355\"></span>y\u00e9es au c<span class=\"__7 _355\"></span>ours de l\u2019<span class=\"__7 _358\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f4_1 y3dd_3 w136_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-963<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f5_1 y3dd_3 w137_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">-3.04<span class=\"__7 _359\"></span>0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3de_3 w138_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>ax<span class=\"__7 _355\"></span>es sur les con<span class=\"__7 _355\"></span>tributions p<span class=\"__7 _355\"></span>ay\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f6_1 y3de_3 w139_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>08<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f7_1 y3de_3 w13a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>58<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y3df_3 w13b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Gain (-) / perte (+) ac<span class=\"__7 _355\"></span>tuariel<span class=\"__7 _355\"></span>s de l\u2019<span class=\"__7 _361\"></span>exer<span class=\"__7 _355\"></span>cice</div><div class=\"t_7 m2_7 x1f8_1 hf_7 y377_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">2<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f9_1 y3df_3 w13c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2d_7 ws51_5\">-26<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1fa_1 y3df_3 w13d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>71<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3e0_3 w13e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Co\u00fbt<span class=\"__7 _355\"></span>s (+) et repri<span class=\"__7 _355\"></span>ses des co\u00fbt<span class=\"__7 _355\"></span>s (-) des services pas<span class=\"__7 _355\"></span>s\u00e9s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1fb y3e0_3 w19_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1fc_1 y3e0_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h5_7 y3e1_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur act<span class=\"__7 _355\"></span>uelle des pres<span class=\"__7 _355\"></span>tation<span class=\"__7 _355\"></span>s promise<span class=\"__7 _355\"></span>s \u00e0 la cl\u00f4tur<span class=\"__7 _355\"></span>e de </td><td class=\"c_2 n_2 x1fd_1 y3e2_3 w13f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">22.361<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1fe_1 y3e2_3 w140_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls2e_7 ws52_5\">20<span class=\"__7 _359\"></span>.70<span class=\"__7 _356\"></span>9<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h5_7 y3e3_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">l\u2019<span class=\"__7 _361\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x83_5 h5_7 y3e4_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">\u00c9v<span class=\"__7 _355\"></span>olution de la jus<span class=\"__7 _355\"></span>te va<span class=\"__7 _355\"></span>leur des actifs de<span class=\"__7 _355\"></span>s plans<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3e5_3 w141_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Just<span class=\"__7 _355\"></span>e valeur de<span class=\"__7 _355\"></span>s actifs \u00e0 l\u2019<span class=\"__7 _358\"></span>ouverture de l\u2019<span class=\"__7 _358\"></span>ex<span class=\"__7 _355\"></span>ercice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ff_1 y3e5_3 w142_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">22.009<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x200_1 y3e5_3 w143_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">21.368<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3c2_3 w135_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Pr<span class=\"__7 _355\"></span>esta<span class=\"__7 _355\"></span>tions pa<span class=\"__7 _355\"></span>y\u00e9es au c<span class=\"__7 _355\"></span>ours de l\u2019<span class=\"__7 _358\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f4_1 y3c2_3 w136_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-963<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f5_1 y3c2_3 w137_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">-3.04<span class=\"__7 _359\"></span>0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3e6_3 w144_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Co<span class=\"__7 _355\"></span>tisation<span class=\"__7 _355\"></span>s re\u00e7ue<span class=\"__7 _355\"></span>s au cour<span class=\"__7 _355\"></span>s de l\u2019<span class=\"__7 _361\"></span>exer<span class=\"__7 _355\"></span>cice (employ<span class=\"__7 _355\"></span>eur)<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x201_1 y3e6_3 w145_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _361\"></span>7<span class=\"__7 _361\"></span>48<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x202_1 y3e6_3 w146_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.<span class=\"__7 _361\"></span>167<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3e7_3 w147_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Co<span class=\"__7 _355\"></span>tisation<span class=\"__7 _355\"></span>s re\u00e7ue<span class=\"__7 _355\"></span>s au cour<span class=\"__7 _355\"></span>s de l\u2019<span class=\"__7 _361\"></span>exer<span class=\"__7 _355\"></span>cice (employ<span class=\"__7 _355\"></span>\u00e9)<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x203_1 y3e7_3 w130_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">82<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x204_1 y3e7_3 w148_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2f_7 ws53_5\">103<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w149_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Pr<span class=\"__7 _355\"></span>oduit d\u2019int<span class=\"__7 _355\"></span>\u00e9r\u00eat<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x205_1 y35f_3 w14a_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls6_7 ws5_7\">728<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x206_1 y35f_3 w14b_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">912<span class=\"__7 _357\"> </span></div></td></tr></table><table class=\"s_2 w14c_1 h31_3\" id=\"_2c58125d-cc47-44ca-b168-cd01c6548482\"><tr><td class=\"c_2 n_2 x84_5 y3e8_3 w138_2 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>ax<span class=\"__7 _355\"></span>es sur les con<span class=\"__7 _355\"></span>tributions p<span class=\"__7 _355\"></span>ay\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f6_1 y3e8_3 w14d_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-208<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x207_1 y3e8_3 w14e_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-258<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3e9_3 wef_2 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Co\u00fbt<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _355\"></span>administr<span class=\"__7 _355\"></span>ation<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x208_1 y3e9_3 w14f_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-17<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x209_1 y3e9_3 wf1_2 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-9<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ea_3 w150_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Ren<span class=\"__7 _355\"></span>dement e<span class=\"__7 _355\"></span>xc\u00e9da<span class=\"__7 _355\"></span>nt les pr<span class=\"__7 _355\"></span>oduits d\u2019in<span class=\"__7 _355\"></span>t\u00e9r\u00ea<span class=\"__7 _355\"></span>ts<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x20a_1 y3ea_3 w151_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls30_7 ws28_7\">440<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x20b_1 y3ea_3 w152_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2a_7 ws4d_5\">883<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3eb_3 w153_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws54_5\">Gain (+) / perte (-) ac<span class=\"__7 _355\"></span>tuariel<span class=\"__7 _355\"></span>s li\u00e9s \u00e0 des aj<span class=\"__7 _355\"></span>ustem<span class=\"__7 _355\"></span>ents d\u2019<span class=\"__7 _358\"></span>exp\u00e9rience<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x20c_1 y3eb_3 w154_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-16<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x20d_1 y3eb_3 w155_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-117<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ec_3 w156_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur act<span class=\"__7 _355\"></span>uelle des plan<span class=\"__7 _355\"></span>s \u00e0 la cl\u00f4tur<span class=\"__7 _355\"></span>e de l\u2019<span class=\"__7 _361\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x20e_1 y3ec_3 w157_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>3.803<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x20f_1 y3ec_3 wd9_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">22.009<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ed_3 w158_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Fr<span class=\"__7 _355\"></span>ais de per<span class=\"__7 _355\"></span>sonnel<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x210_1 y3ed_3 w159_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls31_7 ws55_5\">4<span class=\"__7 _359\"></span>0.<span class=\"__7 _359\"></span>529<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x211_1 y3ed_3 w15a_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">35.<span class=\"__7 _355\"></span>908<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x183_1 h5_7 y3ee_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Nombr<span class=\"__7 _355\"></span>e moyen d\u2019<span class=\"__7 _361\"></span>employ<span class=\"__7 _355\"></span>\u00e9s en \u00e9quiva<span class=\"__7 _355\"></span>lent temp<span class=\"__7 _355\"></span>s plein, y </td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x183_1 h5_7 y3ef_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">compri<span class=\"__7 _355\"></span>s le CE<span class=\"__7 _355\"></span>O<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f0_3 w15b_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Emplo<span class=\"__7 _355\"></span>y\u00e9s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x212_1 y3f0_3 wad_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">19<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x213_1 y3f0_3 w15c_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1d_7 ws22_7\">18<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y397_3 w15d_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">P<span class=\"__7 _355\"></span>ersonn<span class=\"__7 _355\"></span>el de direction<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x214 y397_3 w15e_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls6_7 ws5_7\">28<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x215_1 y397_3 w15f_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls32_7 ws56_5\">27<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td class=\"c_2 n_2 x216_1 y35f_3 w160_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls33_7 ws57_5\">47<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x217_1 y35f_3 w161_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">45<span class=\"__7 _357\"> </span></div></td></tr></table>3.<span class=\"__7 _358\"></span>7 DET<span class=\"__7 _359\"></span>TE<span class=\"__7 _355\"></span>S FIN<span class=\"__7 _355\"></span>ANC<span class=\"__7 _355\"></span>I\u00c8R<span class=\"__7 _355\"></span>ES<table class=\"s_2 wf7_2 h2d_3\" id=\"_f1ac02f4-d928-4bb7-b8be-84799e7fb77c\"><tr><td></td><td></td><td></td><td class=\"t_7 m2_7 x1b0_1 h3_7 y3c0_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws0_7\"> <span class=\"__7 _b0_2\"> </span><span class=\"ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></span></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x1b1_1 y3c1_3 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1b2_1 y3c1_3 w3_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35c_3 wf8_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Empru<span class=\"__7 _355\"></span>nts obliga<span class=\"__7 _355\"></span>taires<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x1b3_1 y35c_3 w5b_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.2<span class=\"__7 _355\"></span>93.438<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1b4_1 y35c_3 w9a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1c_7 ws21_7\">6<span class=\"__7 _356\"></span>9<span class=\"__7 _356\"></span>7.<span class=\"__7 _356\"></span>0<span class=\"__7 _359\"></span>74<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3c2_3 wf9_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s financi\u00e8r<span class=\"__7 _355\"></span>es non cour<span class=\"__7 _355\"></span>ante<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x1b5_1 y3c2_3 wfa_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">1.2<span class=\"__7 _355\"></span>93.438<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1b6_1 y3c2_3 wfb_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls1c_7 ws21_7\">6<span class=\"__7 _364\"></span>9<span class=\"__7 _359\"></span>7.<span class=\"__7 _356\"></span>0<span class=\"__7 _356\"></span>74<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35e_3 wfc_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Empru<span class=\"__7 _355\"></span>nts ba<span class=\"__7 _355\"></span>ncaire<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x1b7_1 y35e_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1b8_1 y35e_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y388_4 wfd_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s financi\u00e8r<span class=\"__7 _355\"></span>es cou<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>tes</div><div class=\"t_7 m2_7 x1b9_1 hf_7 y377_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">3<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x1ba_1 y388_4 w60_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5.2<span class=\"__7 _355\"></span>71<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1bb_1 y388_4 w61_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.268<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 wfe_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s financi\u00e8r<span class=\"__7 _355\"></span>es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1bc_1 y35f_3 wff_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">coura<span class=\"__7 _355\"></span>nte<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1bd_1 y35f_3 w100_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">5.2<span class=\"__7 _355\"></span>71<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1be_1 y35f_3 w101_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">2.268<span class=\"__7 _357\"> </span></div></td></tr></table>L<span class=\"__7 _355\"></span>es d\u00e9tail<span class=\"__7 _355\"></span>s des emprun<span class=\"__7 _355\"></span>ts obligat<span class=\"__7 _355\"></span>aires \u00e9mis s<span class=\"__7 _355\"></span>ont les suiv<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>ts:<span class=\"__7 _357\"> </span><table class=\"s_2 w102_2 h2e_3\" id=\"_869419fc-f045-48b5-8d77-f45010908f87\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x1bf_1 h3_7 y3c3_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"t_7 m2_7 x183_1 h4_7 y3c4_3 ff2_7 fs3_7 fc2_7 sc0_7 ls17_7 ws1b_7\">D<span class=\"__7 _359\"></span>AT<span class=\"__7 _364\"></span>E<span class=\"__7 _356\"></span> </td><td class=\"t_7 m2_7 x1c0_1 h4_7 y3c4_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">D<span class=\"__7 _355\"></span>A<span class=\"__7 _361\"></span>TE DE </td><td class=\"t_7 m2_7 x1c1_1 h4_7 y3c4_3 ff2_7 fs3_7 fc2_7 sc0_7 ls17_7 ws1b_7\">TA<span class=\"__7 _356\"></span>U<span class=\"__7 _356\"></span>X<span class=\"__7 _356\"></span> </td><td></td><td class=\"t_7 m2_7 x1c2_1 h4_7 y3c4_3 ff2_7 fs3_7 fc2_7 sc0_7 ls16_7 ws1a_7\">VA<span class=\"__7 _359\"></span>L<span class=\"__7 _359\"></span>E<span class=\"__7 _356\"></span>U<span class=\"__7 _359\"></span>R<span class=\"__7 _356\"></span> </td><td class=\"t_7 m2_7 x1c3_1 h4_7 y3c5_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">CO<span class=\"__7 _355\"></span>T\u00c9/<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x183_1 h4_7 y3c6_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">D\u2019\u00c9MISSION<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x1c4_1 h4_7 y3c6_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">MA<span class=\"__7 _358\"></span>TURIT\u00c9<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x1c5_1 h4_7 y3c6_3 ff2_7 fs3_7 fc2_7 sc0_7 ls2_7 ws0_7\">D\u2019INT\u00c9R\u00caTS </td><td class=\"t_7 m2_7 x1c6_1 h4_7 y3c7_3 ff2_7 fs3_7 fc2_7 sc0_7 ls2_7 ws0_7\">RA<span class=\"__7 _361\"></span>TING </td><td class=\"t_7 m2_7 x1c7_1 h4_7 y3c6_3 ff2_7 fs3_7 fc2_7 sc0_7 ls24_7 ws36_5\">NOMINALE<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x1c8_1 h4_7 y3c7_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NON </td><td class=\"c_2 n_2 x1c9_1 y3c8_3 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ca_1 y3c8_3 w103_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>4<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x1cb_1 h4_7 y3c9_3 ff2_7 fs3_7 fc2_7 sc0_7 ls19_7 ws58_5\">COT<span class=\"__7 _359\"></span>\u00c9<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y35e_3 w104_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls34_7 ws59_5\">23/0<span class=\"__7 _359\"></span>9/<span class=\"__7 _359\"></span>202<span class=\"__7 _359\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1cc_1 y35e_3 w105_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls34_7 ws59_5\">23/0<span class=\"__7 _359\"></span>9/<span class=\"__7 _359\"></span>2028<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1cd_1 y35e_3 w106_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,000%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ce_1 y35e_3 w107_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls35_6 ws5a_5\">N<span class=\"__7 _b6_2\"> </span>/A<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1cf_1 y35e_3 w108_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">700<span class=\"__7 _355\"></span>.000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d0_1 y35e_3 w109_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">Cot\u00e9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d1_1 y35e_3 w10a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">69<span class=\"__7 _355\"></span>7<span class=\"__7 _358\"></span>.857<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d2_1 y35e_3 w9a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1c_7 ws21_7\">6<span class=\"__7 _356\"></span>9<span class=\"__7 _359\"></span>7.<span class=\"__7 _356\"></span>0<span class=\"__7 _356\"></span>74<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38d_3 w10b_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">13/11/<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>025<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d3_1 y38d_3 w10c_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">13/11/<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>033<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d4_1 y38d_3 w10d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">3<span class=\"__7 _359\"></span>,707<span class=\"__7 _359\"></span>%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d5_1 y38d_3 w10e_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls36_6 ws5b_5\">A-<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d6_1 y38d_3 w10f_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">600.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d7_1 y38d_3 w110_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">Cot\u00e9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d8_1 y38d_3 w111_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls36_6 ws5b_5\">595.581<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d9_1 y38d_3 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c_2 n_2 x1da_1 y35f_3 w112_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">1.300<span class=\"__7 _355\"></span>.000<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x1db_1 y35f_3 w113_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">1.2<span class=\"__7 _355\"></span>93.438<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1dc_1 y35f_3 w114_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls1c_7 ws21_7\">6<span class=\"__7 _356\"></span>9<span class=\"__7 _356\"></span>7.<span class=\"__7 _356\"></span>0<span class=\"__7 _359\"></span>74<span class=\"__7 _357\"> </span></div></td></tr></table>L<span class=\"__7 _355\"></span>e 13 nov<span class=\"__7 _355\"></span>embre 2<span class=\"__7 _361\"></span>025<span class=\"__7 _355\"></span>, Sofina a \u00e9mis des obliga<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s senior non gar<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>ties pour un m<span class=\"__7 _355\"></span>onta<span class=\"__7 _355\"></span>nt nomina<span class=\"__7 _355\"></span>l de <span class=\"__7 _359\"></span>600\u202fmillion<span class=\"__7 _355\"></span>s EUR, <span class=\"__7 _359\"></span>arriv<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>t <span class=\"__7 _359\"></span>\u00e0 \u00e9ch\u00e9a<span class=\"__7 _355\"></span>nce en 20<span class=\"__7 _355\"></span>33. L<span class=\"__7 _355\"></span>e 2<span class=\"__7 _355\"></span>4 sept<span class=\"__7 _355\"></span>embre 2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>5, S&amp;P a attrib<span class=\"__7 _355\"></span>u\u00e9 \u00e0 Sofina une no<span class=\"__7 _355\"></span>tation de c<span class=\"__7 _355\"></span>r\u00e9dit \u00e9me<span class=\"__7 _355\"></span>tteur de long t<span class=\"__7 _355\"></span>erme de ca<span class=\"__7 _355\"></span>t\u00e9gorie qua<span class=\"__7 _355\"></span>lit\u00e9 d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t \u00ab A- \u00bb, as<span class=\"__7 _355\"></span>sortie d\u2019une perspec<span class=\"__7 _355\"></span>tive stable<span class=\"__7 _355\"></span>. La ju<span class=\"__7 _355\"></span>ste v<span class=\"__7 _355\"></span>aleur cu<span class=\"__7 _355\"></span>mul\u00e9e des obliga<span class=\"__7 _355\"></span>tions s\u2019<span class=\"__7 _358\"></span>\u00e9l\u00e8v<span class=\"__7 _355\"></span>e \u00e0 1.258 million<span class=\"__7 _355\"></span>s EUR au 3<span class=\"__7 _355\"></span>1 d\u00e9cembr<span class=\"__7 _355\"></span>e 2<span class=\"__7 _355\"></span>025 (634 milli<span class=\"__7 _355\"></span>ons EUR a<span class=\"__7 _355\"></span>u 31 d\u00e9cembr<span class=\"__7 _355\"></span>e 2<span class=\"__7 _355\"></span>02<span class=\"__7 _361\"></span>4).<span class=\"__7 _357\"> </span>1<span class=\"__7 gs79_1\"> </span><span class=\"__7 _365\"> </span><span class=\"__7 gs79_1\"> </span>Une<span class=\"__7 gs79_1\"> </span>ana<span class=\"__7 _355\"></span>lyse<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>sensibilit<span class=\"__7 _355\"></span>\u00e9<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>+<span class=\"__7 gs79_1\"> </span>ou<span class=\"__7 gs79_1\"> </span>-0,2<span class=\"__7 _355\"></span>5%<span class=\"__7 gs79_1\"> </span>est<span class=\"__7 gs79_1\"> </span>appliqu\u00e9e<span class=\"__7 gs79_1\"> </span>sur<span class=\"__7 gs79_1\"> </span>les<span class=\"__7 gs79_1\"> </span>t<span class=\"__7 _355\"></span>aux<span class=\"__7 gs79_1\"> </span>d\u2019<span class=\"__7 _355\"></span>actuali<span class=\"__7 _355\"></span>sation,<span class=\"__7 gs79_1\"> </span>ce<span class=\"__7 gs79_1\"> </span>qui<span class=\"__7 gs79_1\"> </span>pr<span class=\"__7 _355\"></span>\u00e9sent<span class=\"__7 _355\"></span>erait<span class=\"__7 gs79_1\"> </span>un<span class=\"__7 gs79_1\"> </span>impact<span class=\"__7 gs79_1\"> </span>su<span class=\"__7 _355\"></span>r<span class=\"__7 gs79_1\"> </span>la<span class=\"__7 gs79_1\"> </span>valeur<span class=\"__7 gs79_1\"> </span>ac<span class=\"__7 _355\"></span>tuelle<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>-197<span class=\"__7 gs79_1\"> </span>millier<span class=\"__7 _355\"></span>s<span class=\"__7 gs79_1\"> </span>EUR<span class=\"__7 gs79_1\"> </span>et<span class=\"__7 gs79_1\"> </span>+211<span class=\"__7 gs79_1\"> </span>milliers<span class=\"__7 gs79_1\"> </span>EUR.2<span class=\"__7 gs79_1\"> </span> <span class=\"__7 gs79_1\"> </span>Changemen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>hypo<span class=\"__7 _355\"></span>th\u00e8ses<span class=\"__7 gs79_1\"> </span>d\u00e9mogr<span class=\"__7 _355\"></span>aphiques<span class=\"__7 gs79_1\"> </span>(-325<span class=\"__7 gs79_1\"> </span>millier<span class=\"__7 _355\"></span>s<span class=\"__7 gs79_1\"> </span>EUR),<span class=\"__7 gs79_1\"> </span>changem<span class=\"__7 _355\"></span>ent<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>hypo<span class=\"__7 _355\"></span>th\u00e8ses<span class=\"__7 gs79_1\"> </span>fina<span class=\"__7 _355\"></span>nci\u00e8res<span class=\"__7 gs79_1\"> </span>(2<span class=\"__7 _355\"></span>96<span class=\"__7 gs79_1\"> </span>milliers<span class=\"__7 gs79_1\"> </span>EUR)<span class=\"__7 gs79_1\"> </span>e<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>changemen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>hypo<span class=\"__7 _355\"></span>th\u00e8ses<span class=\"__7 gs79_1\"> </span>d\u2019<span class=\"__7 _361\"></span>exp\u00e9rience<span class=\"__7 gs79_1\"> </span>(54<span class=\"__7 gs79_1\"> </span>millier<span class=\"__7 _355\"></span>s<span class=\"__7 gs79_1\"> </span>EUR).3<span class=\"__7 gs79_1\"> </span> <span class=\"__7 gs79_1\"> </span>Se<span class=\"__7 gs79_1\"> </span>compose<span class=\"__7 gs79_1\"> </span>d\u2019in<span class=\"__7 _355\"></span>t\u00e9r<span class=\"__7 _355\"></span>\u00eats<span class=\"__7 gs79_1\"> </span>courus<span class=\"__7 gs79_1\"> </span>sur<span class=\"__7 gs79_1\"> </span>l\u2019<span class=\"__7 _358\"></span>emprunt<span class=\"__7 gs79_1\"> </span>obliga<span class=\"__7 _355\"></span>taire<span class=\"__7 gs79_1\"> </span>(cf<span class=\"__7 _355\"></span>.<span class=\"__7 gs79_1\"> </span>point<span class=\"__7 gs79_1\"> </span>3<span class=\"__7 _355\"></span>.7<span class=\"__7 gs79_1\"> </span>ci-de<span class=\"__7 _355\"></span>ssus).3.8 F<span class=\"__7 _361\"></span>OURNI<span class=\"__7 _355\"></span>SSEU<span class=\"__7 _355\"></span>RS ET A<span class=\"__7 _355\"></span>UTRE<span class=\"__7 _355\"></span>S CR<span class=\"__7 _355\"></span>\u00c9DITEUR<span class=\"__7 _361\"></span>S COURA<span class=\"__7 _355\"></span>NTS<span class=\"__7 _357\"> </span><table class=\"s_2 w162_1 h32_3\" id=\"_ed62c5da-ca3b-4a35-bca0-aaf57ff3a30a\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y3f1_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x143_2 y3f2_3 w2_2 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x144_2 y3f2_3 w3_2 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f3_3 w163_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s fournis<span class=\"__7 _355\"></span>seurs<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x218_1 y3f3_3 w164_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3.<span class=\"__7 _355\"></span>365</div></td><td class=\"c_2 n_2 x219_1 y3f3_3 w165_1 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>2.<span class=\"__7 _355\"></span>768\ue064\ue064\ue064<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f4_3 w166_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s salari<span class=\"__7 _355\"></span>ales et socia<span class=\"__7 _355\"></span>les<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x21a_1 y3f4_3 w167_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">13.2<span class=\"__7 _355\"></span>93</div></td><td class=\"c_2 n_2 x21b_1 y3f4_3 w168_1 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>10.662<span class=\"__7 _355\"></span><span class=\"__7 gs7e_1\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f5_3 w169_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es dette<span class=\"__7 _355\"></span>s diverse<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x21c_1 y3f5_3 w16a_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">449</div></td><td class=\"c_2 n_2 x21d_1 y3f5_3 w16b_1 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>5<span class=\"__7 _355\"></span>93\ue064\ue064\ue064<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f0_3 w16c_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dividende<span class=\"__7 _355\"></span>s rela<span class=\"__7 _355\"></span>tifs aux exer<span class=\"__7 _355\"></span>cices a<span class=\"__7 _355\"></span>nt\u00e9ri<span class=\"__7 _355\"></span>eurs<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x21e_1 y3f0_3 w16d_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">863</div></td><td class=\"c_2 n_2 x21f_1 y3f0_3 w16e_1 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>862\ue064\ue064\ue064<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y397_3 w16f_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>ax<span class=\"__7 _355\"></span>es et imp\u00f4<span class=\"__7 _355\"></span>ts divers</div></td><td class=\"c_2 n_2 x220_1 y397_3 w170_1 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>823\ue064\ue064\ue064</div></td><td class=\"c_2 n_2 x221_1 y397_3 w171_1 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>388\ue064\ue064\ue064<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w172_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">F<span class=\"__7 _355\"></span>ournisse<span class=\"__7 _355\"></span>urs et autr<span class=\"__7 _355\"></span>es cr<span class=\"__7 _355\"></span>\u00e9diteur<span class=\"__7 _355\"></span>s coura<span class=\"__7 _355\"></span>nts<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x222_1 y35f_3 w173_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls1b_7 ws4f_5\">18.79<span class=\"__7 _355\"></span>3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x223_1 y35f_3 w174_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls38_6 ws5f_5\">15<span class=\"__7 _359\"></span>.<span class=\"__7 _359\"></span>273<span class=\"__7 _357\"> </span></div></td></tr></table>3.<span class=\"__7 _361\"></span>9 CR\u00c9A<span class=\"__7 _355\"></span>NCE<span class=\"__7 _361\"></span>S SUR ET DETTES E<span class=\"__7 _355\"></span>NVER<span class=\"__7 _361\"></span>S LE<span class=\"__7 _355\"></span>S FI<span class=\"__7 _355\"></span>LI<span class=\"__7 _355\"></span>AL<span class=\"__7 _355\"></span>ES<span class=\"__7 _357\"> </span><table class=\"s_2 w6f_2 h23_5\" id=\"_779a81fa-551a-422c-85ca-2083253d3451\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y3f6_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x143_2 y38a_3 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x144_2 y38a_3 w3_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y35e_3 w41_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es sur les filiale<span class=\"__7 _355\"></span>s</div><div class=\"t_7 m2_7 xce_4 hf_7 y377_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x224_1 y35e_3 w43_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">434.2<span class=\"__7 _355\"></span>47<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x225_1 y35e_3 w175_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">420<span class=\"__7 _355\"></span>.95<span class=\"__7 _361\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y388_4 w176_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s envers le<span class=\"__7 _355\"></span>s filiales</div><div class=\"t_7 m2_7 x11e_2 hf_7 y377_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">2<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x226_1 y388_4 w177_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-6.<span class=\"__7 _358\"></span>104<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x227_1 y388_4 w178_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-138.5<span class=\"__7 _355\"></span>35<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w179_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">Cr<span class=\"__7 _355\"></span>\u00e9ance<span class=\"__7 _355\"></span>s et dettes env<span class=\"__7 _355\"></span>ers les fili<span class=\"__7 _355\"></span>ales<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x228_1 y35f_3 w17a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">428.<span class=\"__7 _358\"></span>143<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x229_1 y35f_3 w17b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">282.422<span class=\"__7 _357\"> </span></div></td></tr></table>Sofina SA a sign<span class=\"__7 _355\"></span>\u00e9 des con<span class=\"__7 _355\"></span>trat<span class=\"__7 _355\"></span>s de ligne de cr<span class=\"__7 _355\"></span>\u00e9dit renouv<span class=\"__7 _355\"></span>elable<span class=\"__7 _355\"></span>s avec en<span class=\"__7 _355\"></span>gagemen<span class=\"__7 _355\"></span>t avec pl<span class=\"__7 _355\"></span>u<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>sieur<span class=\"__7 _355\"></span>s de ses filia<span class=\"__7 _355\"></span>les. L<span class=\"__7 _355\"></span>es pr<span class=\"__7 _355\"></span>\u00eats ain<span class=\"__7 _355\"></span>si octroy<span class=\"__7 _355\"></span>\u00e9s par So<span class=\"__7 _355\"></span>fina SA \u00e0 ces filia<span class=\"__7 _355\"></span>les son<span class=\"__7 _355\"></span>t r\u00e9mu<span class=\"__7 _355\"></span>n\u00e9r\u00e9s a<span class=\"__7 _355\"></span>u taux E<span class=\"__7 _355\"></span>uribor +3 mois augm<span class=\"__7 _355\"></span>ent<span class=\"__7 _355\"></span>\u00e9 d\u2019une mar<span class=\"__7 _355\"></span>ge. Au nivea<span class=\"__7 _355\"></span>u de ses dett<span class=\"__7 _355\"></span>es (d\u00e9p\u00f4t<span class=\"__7 _355\"></span>s effectu\u00e9<span class=\"__7 _355\"></span>s par les fili<span class=\"__7 _355\"></span>ales), Sofin<span class=\"__7 _355\"></span>a SA les r\u00e9mu<span class=\"__7 _355\"></span>n\u00e8re \u00e0 un ta<span class=\"__7 _355\"></span>ux de d\u00e9p\u00f4t q<span class=\"__7 _355\"></span>ui est re<span class=\"__7 _355\"></span>vu r\u00e9guli\u00e8r<span class=\"__7 _355\"></span>emen<span class=\"__7 _355\"></span>t.<span class=\"__7 _357\"> </span>3.<span class=\"__7 _358\"></span>11 PR<span class=\"__7 _355\"></span>ODUITS ET C<span class=\"__7 _355\"></span>HA<span class=\"__7 _355\"></span>RGE<span class=\"__7 _355\"></span>S D\u2019<span class=\"__7 _355\"></span>INT\u00c9R<span class=\"__7 _355\"></span>\u00caTS<span class=\"__7 _357\"> </span><table class=\"s_2 w9b_2 h34_2\" id=\"_54099830-14c4-4545-928a-773e2abb5b49\"><tr><td></td><td></td><td class=\"t_7 m2_7 x155_2 h3_7 y3fa_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x235_1 y3fb_3 w18a_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x236_1 y3fb_3 w17d_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y380_3 w18b_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats su<span class=\"__7 _355\"></span>r actifs non cour<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>ts<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x237_1 y380_3 w18c_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">76<span class=\"__7 _359\"></span>4<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x238_1 y380_3 w18d_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2c_7 ws50_5\">796<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y381_3 w18e_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats su<span class=\"__7 _355\"></span>r cr\u00e9a<span class=\"__7 _355\"></span>nces sur filia<span class=\"__7 _355\"></span>les</div><div class=\"t_7 m2_7 x239_1 hf_7 y36c_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">4<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23a_1 y381_3 w18f_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.28<span class=\"__7 _355\"></span>9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23b_1 y381_3 w190_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.228<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f4_3 w191_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats su<span class=\"__7 _355\"></span>r actifs cour<span class=\"__7 _355\"></span>ant<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23c_1 y3f4_3 w192_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5.891<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23d_1 y3f4_3 w193_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">10<span class=\"__7 _355\"></span>.828<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f5_3 w194_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats su<span class=\"__7 _355\"></span>r dettes env<span class=\"__7 _355\"></span>ers des filia<span class=\"__7 _355\"></span>les<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23e_1 y3f5_3 w195_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls32_7 ws56_5\">-<span class=\"__7 _359\"></span>270<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23f_1 y3f5_3 w196_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-841<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f0_3 w197_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats env<span class=\"__7 _355\"></span>ers les ba<span class=\"__7 _355\"></span>nques<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x240_1 y3f0_3 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x241_1 y3f0_3 w198_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-169<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y397_3 w199_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats su<span class=\"__7 _355\"></span>r autres de<span class=\"__7 _355\"></span>ttes</div><div class=\"t_7 m2_7 x242_1 hf_7 y377_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x243_1 y397_3 w19a_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-10.<span class=\"__7 _361\"></span>784<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x244_1 y397_3 w19b_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-7<span class=\"__7 _358\"></span>.<span class=\"__7 _355\"></span>785<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w19c_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">Pr<span class=\"__7 _355\"></span>oduits et ch<span class=\"__7 _355\"></span>arges d\u2019in<span class=\"__7 _355\"></span>t\u00e9r\u00eat<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x245_1 y35f_3 w19d_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">6<span class=\"__7 _355\"></span>.890<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x246_1 y35f_3 w19e_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">14.05<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td></tr></table>3.<span class=\"__7 _358\"></span>12 R\u00c9<span class=\"__7 _355\"></span>SUL<span class=\"__7 _358\"></span>T<span class=\"__7 _c7\"></span>A<span class=\"__7 _c7\"></span>T NET DU PO<span class=\"__7 _355\"></span>RTEF<span class=\"__7 _355\"></span>EUIL<span class=\"__7 _355\"></span>LE D<span class=\"__7 _355\"></span>\u2019INV<span class=\"__7 _355\"></span>ES<span class=\"__7 _355\"></span>TIS<span class=\"__7 _355\"></span>SEME<span class=\"__7 _355\"></span>NT<span class=\"__7 _358\"></span> L<span class=\"__7 _355\"></span>es plu<span class=\"__7 _355\"></span>s-value<span class=\"__7 _355\"></span>s r\u00e9ali<span class=\"__7 _355\"></span>s\u00e9es sur les inv<span class=\"__7 _355\"></span>estissem<span class=\"__7 _355\"></span>ents pr<span class=\"__7 _355\"></span>ovienn<span class=\"__7 _355\"></span>ent principa<span class=\"__7 _355\"></span>lement de la c<span class=\"__7 _355\"></span>ession de participa<span class=\"__7 _355\"></span>tions d<span class=\"__7 _355\"></span>ans un<span class=\"__7 _355\"></span>e soci\u00e9t\u00e9 a<span class=\"__7 _355\"></span>ctive da<span class=\"__7 _355\"></span>ns le domaine de l<span class=\"__7 _355\"></span>a pr\u00e9v<span class=\"__7 _355\"></span>ention ac<span class=\"__7 _355\"></span>tive des ris<span class=\"__7 _355\"></span>ques de san<span class=\"__7 _355\"></span>t\u00e9.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es moin<span class=\"__7 _355\"></span>s-val<span class=\"__7 _355\"></span>ues r\u00e9a<span class=\"__7 _355\"></span>lis\u00e9es su<span class=\"__7 _355\"></span>r les inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>ts pro<span class=\"__7 _355\"></span>viennen<span class=\"__7 _355\"></span>t principalem<span class=\"__7 _355\"></span>ent de la ce<span class=\"__7 _355\"></span>ssion de participa<span class=\"__7 _355\"></span>tions d<span class=\"__7 _355\"></span>ans un<span class=\"__7 _355\"></span>e soci\u00e9t<span class=\"__7 _355\"></span>\u00e9 active da<span class=\"__7 _355\"></span>ns la ge<span class=\"__7 _355\"></span>stion d\u2019<span class=\"__7 _361\"></span>actifs.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es plu<span class=\"__7 _355\"></span>s-value<span class=\"__7 _355\"></span>s lat<span class=\"__7 _355\"></span>ent<span class=\"__7 _355\"></span>es sur les inv<span class=\"__7 _355\"></span>estiss<span class=\"__7 _355\"></span>ements pr<span class=\"__7 _355\"></span>ovi<span class=\"__7 _355\"></span>ennent prin<span class=\"__7 _355\"></span>cipalemen<span class=\"__7 _355\"></span>t d\u2019inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>ts dan<span class=\"__7 _355\"></span>s des soci\u00e9<span class=\"__7 _355\"></span>t\u00e9s ac<span class=\"__7 _355\"></span>tives da<span class=\"__7 _355\"></span>ns les dom<span class=\"__7 _355\"></span>aines de l\u2019<span class=\"__7 _358\"></span>\u00e9duca<span class=\"__7 _355\"></span>tion, des pr<span class=\"__7 _355\"></span>oduits d\u2019hygi<span class=\"__7 _355\"></span>\u00e8ne person<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>nelle et de l<span class=\"__7 _355\"></span>a pr\u00e9v<span class=\"__7 _355\"></span>ention a<span class=\"__7 _355\"></span>ctive des ri<span class=\"__7 _355\"></span>sques de san<span class=\"__7 _355\"></span>t\u00e9, de<span class=\"__7 _355\"></span>s solution<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _355\"></span>acc\u00e8<span class=\"__7 _355\"></span>s \u00e9lectr<span class=\"__7 _355\"></span>onique, ain<span class=\"__7 _355\"></span>si que de nos fili<span class=\"__7 _355\"></span>ales (Sofin<span class=\"__7 _355\"></span>a Invest e<span class=\"__7 _355\"></span>t Sofina L<span class=\"__7 _355\"></span>ondon).<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es moin<span class=\"__7 _355\"></span>s-va<span class=\"__7 _355\"></span>lues la<span class=\"__7 _355\"></span>tent<span class=\"__7 _355\"></span>es sur les inv<span class=\"__7 _355\"></span>estis<span class=\"__7 _355\"></span>sement<span class=\"__7 _355\"></span>s concernen<span class=\"__7 _355\"></span>t principalem<span class=\"__7 _355\"></span>ent no<span class=\"__7 _355\"></span>s participa<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>tion<span class=\"__7 _355\"></span>s dans n<span class=\"__7 _355\"></span>os filiale<span class=\"__7 _355\"></span>s (Sofina C<span class=\"__7 _355\"></span>apital, So<span class=\"__7 _355\"></span>fina V<span class=\"__7 _355\"></span>ent<span class=\"__7 _355\"></span>ure<span class=\"__7 _355\"></span>s, Sofina U<span class=\"__7 _355\"></span>S, Sofin<span class=\"__7 _355\"></span>a Asia) ainsi que d<span class=\"__7 _355\"></span>ans des soci<span class=\"__7 _355\"></span>\u00e9t\u00e9s ac<span class=\"__7 _355\"></span>tives da<span class=\"__7 _355\"></span>ns la pr<span class=\"__7 _355\"></span>ot<span class=\"__7 _355\"></span>ection biologi<span class=\"__7 _355\"></span>que des cultur<span class=\"__7 _355\"></span>es et d<span class=\"__7 _355\"></span>ans l\u2019<span class=\"__7 _358\"></span>\u00e9duca<span class=\"__7 _355\"></span>tion en ligne<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>1<span class=\"__7 gs79_1\"> </span><span class=\"__7 _365\"> </span><span class=\"__7 gs79_1\"> </span>L<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>montan<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>2<span class=\"__7 _355\"></span>025<span class=\"__7 gs79_1\"> </span>se<span class=\"__7 gs79_1\"> </span>com<span class=\"__7 _355\"></span>pose<span class=\"__7 gs79_1\"> </span>principalemen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>contr<span class=\"__7 _355\"></span>ats<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>ligne<span class=\"__7 _355\"></span>s<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>cr\u00e9dit<span class=\"__7 gs79_1\"> </span>r<span class=\"__7 _355\"></span>enouvelable<span class=\"__7 _355\"></span>s<span class=\"__7 gs79_1\"> </span>pour<span class=\"__7 gs79_1\"> </span>un<span class=\"__7 gs79_1\"> </span>monta<span class=\"__7 _355\"></span>nt<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>430.<span class=\"__7 _355\"></span>980<span class=\"__7 gs79_1\"> </span>milliers<span class=\"__7 gs79_1\"> </span>EUR<span class=\"__7 gs79_1\"> </span>ain<span class=\"__7 _355\"></span>si<span class=\"__7 gs79_1\"> </span>que<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>cr\u00e9a<span class=\"__7 _355\"></span>nces<span class=\"__7 gs79_1\"> </span>commer<span class=\"__7 _355\"></span>ciales<span class=\"__7 gs79_1\"> </span>sur<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>filia<span class=\"__7 _355\"></span>les<span class=\"__7 gs79_1\"> </span>pour<span class=\"__7 gs79_1\"> </span>un<span class=\"__7 gs79_1\"> </span>mon<span class=\"__7 _355\"></span>tant<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>3<span class=\"__7 _355\"></span>.266<span class=\"__7 gs79_1\"> </span>millier<span class=\"__7 _355\"></span>s<span class=\"__7 gs79_1\"> </span>EUR.2<span class=\"__7 gs79_1\"> </span> <span class=\"__7 gs79_1\"> </span>Le<span class=\"__7 gs79_1\"> </span>m<span class=\"__7 _355\"></span>ontan<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>pour<span class=\"__7 gs79_1\"> </span>2<span class=\"__7 _355\"></span>025<span class=\"__7 gs79_1\"> </span>se<span class=\"__7 gs79_1\"> </span>com<span class=\"__7 _355\"></span>pose<span class=\"__7 gs79_1\"> </span>principalemen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>d\u00e9p\u00f4ts<span class=\"__7 gs79_1\"> </span>f<span class=\"__7 _355\"></span>aits<span class=\"__7 gs79_1\"> </span>par<span class=\"__7 gs79_1\"> </span>les<span class=\"__7 gs79_1\"> </span>filia<span class=\"__7 _355\"></span>les<span class=\"__7 gs79_1\"> </span>pour<span class=\"__7 gs79_1\"> </span>un<span class=\"__7 gs79_1\"> </span>mon<span class=\"__7 _355\"></span>tant<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>5.<span class=\"__7 _355\"></span>514<span class=\"__7 gs79_1\"> </span>milliers<span class=\"__7 gs79_1\"> </span>EU<span class=\"__7 _355\"></span>R,<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>dettes<span class=\"__7 gs79_1\"> </span>commer<span class=\"__7 _355\"></span>ciales<span class=\"__7 gs79_1\"> </span>env<span class=\"__7 _355\"></span>ers<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>filiale<span class=\"__7 _355\"></span>s<span class=\"__7 gs79_1\"> </span>pour<span class=\"__7 gs79_1\"> </span>un<span class=\"__7 gs79_1\"> </span>mont<span class=\"__7 _355\"></span>ant<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>5<span class=\"__7 _355\"></span>90<span class=\"__7 gs79_1\"> </span>milliers<span class=\"__7 gs79_1\"> </span>EUR.4<span class=\"__7 gs79_1\"> </span> P<span class=\"__7 _355\"></span>our<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>d\u00e9tails<span class=\"__7 _355\"></span>,<span class=\"__7 gs79_1\"> </span>cf.<span class=\"__7 gs79_1\"> </span>le<span class=\"__7 gs79_1\"> </span>poin<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>3.<span class=\"__7 _355\"></span>9<span class=\"__7 gs79_1\"> </span>ci-dessus.5<span class=\"__7 gs79_1\"> </span> <span class=\"__7 gs79_1\"> </span>Se<span class=\"__7 gs79_1\"> </span>compos<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>principalemen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>d\u2019int\u00e9r<span class=\"__7 _355\"></span>\u00eats<span class=\"__7 gs79_1\"> </span>li\u00e9s<span class=\"__7 gs79_1\"> </span>\u00e0<span class=\"__7 gs79_1\"> </span>l\u2019<span class=\"__7 _361\"></span>emprun<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>obligataire<span class=\"__7 gs79_1\"> </span>(c<span class=\"__7 _355\"></span>f.<span class=\"__7 gs79_1\"> </span>poin<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>3.<span class=\"__7 _355\"></span>7<span class=\"__7 gs79_1\"> </span>ci-dessus).<table class=\"s_2 w19f_1 h35_2\" id=\"_c1266c0a-d2e3-4d1f-8411-fabf9df3adf7\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y3fc_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x22a_1 y3fd_3 w17c_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x22b_1 y3fd_3 w17d_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h5_7 y3fe_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">P<span class=\"__7 _355\"></span>articipation<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ff_3 w1a0_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9<span class=\"__7 _355\"></span>sultats r<span class=\"__7 _355\"></span>\u00e9alis\u00e9<span class=\"__7 _355\"></span>s sur cession<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x247_1 y3ff_3 w1a1_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-13<span class=\"__7 _355\"></span>.<span class=\"__7 _355\"></span>782<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x248_1 y3ff_3 w1a2_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">198.386<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y400_3 w1a3_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls3c_5 ws68_4\">Plu<span class=\"__7 _355\"></span>s-values<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x249_1 y400_3 w1a4_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">15.80<span class=\"__7 _355\"></span>3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x24a_1 y400_3 w1a5_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>40.454<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x24b_1 he_7 y401_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Moins-v<span class=\"__7 _355\"></span>alues<span class=\"__7 _357\"> </span></td><td class=\"c_2 n_2 x224_1 y402_3 w1a6_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls29_7 ws4c_5\">-<span class=\"__7 _359\"></span>29.5<span class=\"__7 _359\"></span>8<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x24c_1 y402_3 w1a7_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-42.068<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y403_3 w1a8_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9<span class=\"__7 _355\"></span>sultats n<span class=\"__7 _355\"></span>on r\u00e9alis<span class=\"__7 _355\"></span>\u00e9s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x24d_1 y403_3 w1a9_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">61.3<span class=\"__7 _355\"></span>14<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x24e_1 y403_3 w1aa_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">15<span class=\"__7 _355\"></span>1.965<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y404_3 w1a3_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls3c_5 ws68_4\">Plu<span class=\"__7 _355\"></span>s-values<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x24f_1 y404_3 w1ab_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">303<span class=\"__7 _355\"></span>.42<span class=\"__7 _355\"></span>3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x250_1 y404_3 w1ac_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">434.32<span class=\"__7 _361\"></span>9<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y405_3 w1ad_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Moins-v<span class=\"__7 _355\"></span>alues<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x251_1 y405_3 w1ae_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>42.<span class=\"__7 _355\"></span>109<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x252_1 y405_3 w1af_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>82.364<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y406_3 w1b0_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>otal de<span class=\"__7 _355\"></span>s participations<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x253_1 y406_3 w1b1_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls1c_7 ws21_7\">4<span class=\"__7 _356\"></span>7.<span class=\"__7 _356\"></span>5<span class=\"__7 _356\"></span>3<span class=\"__7 _359\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x254_1 y406_3 w1b2_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">350.<span class=\"__7 _355\"></span>351<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h5_7 y407_3 ff2_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">Cr<span class=\"__7 _355\"></span>\u00e9<span class=\"__7 _359\"></span>ances </td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y408_3 w1a0_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9<span class=\"__7 _355\"></span>sultats r<span class=\"__7 _355\"></span>\u00e9alis\u00e9<span class=\"__7 _355\"></span>s sur cession<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x255_1 y408_3 w19_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x256_1 y408_3 w1b3_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.215<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y409_3 w1a3_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls3c_5 ws68_4\">Plu<span class=\"__7 _355\"></span>s-values<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x257_1 y409_3 w19_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0</div></td><td class=\"c_2 n_2 x258_1 y40b_3 w1b4_1 h36_2\"><div class=\"t_7 m2_7 x80_5 he_7 y40a_3 ffc_1 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>1.2<span class=\"__7 _355\"></span>15\ue064\ue064\ue064<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y40c_3 w1ad_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Moins-v<span class=\"__7 _355\"></span>alues<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x257_1 y40c_3 w19_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x259_1 y40c_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y40d_3 w1a8_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9<span class=\"__7 _355\"></span>sultats n<span class=\"__7 _355\"></span>on r\u00e9alis<span class=\"__7 _355\"></span>\u00e9s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x25a_1 y40d_3 w1b_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.956<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x25b_1 y40d_3 w1b5_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">4<span class=\"__7 _359\"></span>.7<span class=\"__7 _359\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y40e_3 w1a3_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls3c_5 ws68_4\">Plu<span class=\"__7 _355\"></span>s-values<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x25c_1 y40e_3 w1b6_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.956<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x25d_1 y40e_3 w1b7_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2e_7 ws52_5\">4<span class=\"__7 _359\"></span>.7<span class=\"__7 _359\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y40f_3 w1ad_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Moins-v<span class=\"__7 _355\"></span>alues<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x257_1 y40f_3 w19_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x259_1 y40f_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y410_3 w1b8_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>otal de<span class=\"__7 _355\"></span>s cr\u00e9an<span class=\"__7 _355\"></span>ces<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x25e_1 y410_3 w1b9_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.956<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x25f_1 y410_3 wd6_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls3d_5 ws69_4\">5.9<span class=\"__7 _359\"></span>39<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w1ba_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">R<span class=\"__7 _355\"></span>\u00e9sultat ne<span class=\"__7 _355\"></span>t du portefeuille d\u2019inv<span class=\"__7 _355\"></span>estis<span class=\"__7 _355\"></span>sement<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x260_1 y35f_3 w1bb_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">50<span class=\"__7 _355\"></span>.488<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x261_1 y35f_3 w1bc_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">356.2<span class=\"__7 _355\"></span>90<span class=\"__7 _357\"> </span></div></td></tr></table>3.<span class=\"__7 _358\"></span>13 AUTR<span class=\"__7 _355\"></span>ES R<span class=\"__7 _355\"></span>\u00c9S<span class=\"__7 _355\"></span>UL<span class=\"__7 _358\"></span>T<span class=\"__7 _c7\"></span>A<span class=\"__7 _358\"></span>TS FI<span class=\"__7 _355\"></span>NAN<span class=\"__7 _355\"></span>CIE<span class=\"__7 _355\"></span>RS<span class=\"__7 _357\"> </span><table class=\"s_2 w6f_2 h37_2\" id=\"_5521f58a-b361-4e3f-84ee-45f872a47ab5\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y411_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x22a_1 y38a_3 w17c_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x22b_1 y38a_3 w17d_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35e_3 w1bd_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9<span class=\"__7 _355\"></span>sultats de c<span class=\"__7 _355\"></span>hange<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x262_1 y35e_3 w1be_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-77<span class=\"__7 _355\"></span>3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x263_1 y35e_3 w1bf_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>43<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38d_3 w1c0_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9<span class=\"__7 _355\"></span>sultats sur a<span class=\"__7 _355\"></span>ctifs cour<span class=\"__7 _355\"></span>ants div<span class=\"__7 _355\"></span>ers<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x264_1 y38d_3 w1c1_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">19<span class=\"__7 _355\"></span>.715<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x265_1 y38d_3 w1c2_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">18.<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>43<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w1c3_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es r\u00e9sult<span class=\"__7 _355\"></span>ats finan<span class=\"__7 _355\"></span>ciers<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x266_1 y35f_3 w1a4_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">18.<span class=\"__7 _355\"></span>942<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x267_1 y35f_3 w1c4_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">18.500<span class=\"__7 _357\"> </span></div></td></tr></table>3.<span class=\"__7 _358\"></span>14 AUTR<span class=\"__7 _355\"></span>ES C<span class=\"__7 _355\"></span>HA<span class=\"__7 _355\"></span>RGE<span class=\"__7 _361\"></span>S<span class=\"__7 _361\"></span> <table class=\"s_2 w6f_2 h2d_3\" id=\"_d40330d1-fe95-4e54-9fd6-49a6048feb69\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y412_2 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x22a_1 y3c1_3 w17c_1 h24_4\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x22b_1 y3c1_3 w17d_1 h24_4\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y413_2 w1c5_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es char<span class=\"__7 _355\"></span>ges finan<span class=\"__7 _355\"></span>ci\u00e8res<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x268_1 y413_2 w1c6_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-3.<span class=\"__7 _355\"></span>356<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x269_1 y413_2 w1c7_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-3<span class=\"__7 _355\"></span>.588<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f8_3 w1c8_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Services et bi<span class=\"__7 _355\"></span>ens diver<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26a_1 y3f8_3 w1c9_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-19<span class=\"__7 _355\"></span>.407<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26b_1 y3f8_3 w1ca_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>0.49<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38c_3 w1cb_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9m<span class=\"__7 _355\"></span>un\u00e9ra<span class=\"__7 _355\"></span>tions<span class=\"__7 _355\"></span>, charge<span class=\"__7 _355\"></span>s sociales e<span class=\"__7 _355\"></span>t pensions<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26c_1 y38c_3 w1cc_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">-4<span class=\"__7 _359\"></span>0.529<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26d_1 y38c_3 w175_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-35.<span class=\"__7 _355\"></span>908<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38d_3 w1cd_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Diver<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26e_1 y38d_3 w1ce_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-6.2<span class=\"__7 _361\"></span>43<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26f_1 y38d_3 w1cf_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">-3.52<span class=\"__7 _359\"></span>6<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w1d0_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls1b_7 ws20_7\">Autres charg<span class=\"__7 _359\"></span>es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x270_1 y35f_3 w1d1_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">-69<span class=\"__7 _355\"></span>.535<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x271_1 y35f_3 w1d2_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">-63<span class=\"__7 _355\"></span>.519<span class=\"__7 _357\"> </span></div></td></tr></table>L<span class=\"__7 _355\"></span>es services et bi<span class=\"__7 _355\"></span>ens diver<span class=\"__7 _355\"></span>s comprenn<span class=\"__7 _355\"></span>ent ess<span class=\"__7 _355\"></span>entiellemen<span class=\"__7 _355\"></span>t des pr<span class=\"__7 _355\"></span>esta<span class=\"__7 _355\"></span>tions de services de con<span class=\"__7 _355\"></span>seil re\u00e7u<span class=\"__7 _355\"></span>s.<span class=\"__7 _357\"> </span>3.<span class=\"__7 _358\"></span>1<span class=\"__7 _359\"></span>5 IMP\u00d4<span class=\"__7 _355\"></span>TS<span class=\"__7 _357\"> </span><table class=\"s_2 w1d3_1 h38_1\" id=\"_0cd40c73-193f-4c20-a4fc-28bf0d2803bb\"><tr><td></td><td></td><td class=\"t_7 m2_7 x272_1 h3_7 y414_2 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x84_5 y415_2 w1d4_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls40_5 ws50_5\">IMP\u00d4<span class=\"__7 _355\"></span>TS SUR LE R\u00c9SUL<span class=\"__7 _361\"></span>T<span class=\"__7 _361\"></span>A<span class=\"__7 _361\"></span>T<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x273_1 y415_2 w1d5_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">2025<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x274_1 y415_2 w1d6_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">20<span class=\"__7 _359\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y416_2 w1d7_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Char<span class=\"__7 _355\"></span>ges (+) / produit<span class=\"__7 _355\"></span>s (-) d\u2019imp\u00f4ts co<span class=\"__7 _355\"></span>uran<span class=\"__7 _355\"></span>ts<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x275_1 y416_2 w1d8_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">6<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x276_1 y416_2 w1d9_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y417_2 w1da_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Char<span class=\"__7 _355\"></span>ges (+) / produit<span class=\"__7 _355\"></span>s (-) d\u2019imp\u00f4ts diff\u00e9r<span class=\"__7 _355\"></span>\u00e9s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x277_1 y417_2 w1e_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x278_1 y417_2 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td class=\"c_2 n_2 x279_1 y418_2 w1d8_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">6<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x27a_1 y418_2 w1d9_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h5_7 y419_2 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Rappr<span class=\"__7 _355\"></span>ochemen<span class=\"__7 _355\"></span>t entr<span class=\"__7 _355\"></span>e la charge (+) / pr<span class=\"__7 _355\"></span>oduit (-) d\u2019imp\u00f4<span class=\"__7 _355\"></span>ts </td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h5_7 y41a_2 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">cour<span class=\"__7 _355\"></span>ants e<span class=\"__7 _355\"></span>t le b\u00e9n\u00e9fice comp<span class=\"__7 _355\"></span>table<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y41b_2 w1db_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">B\u00e9n\u00e9fic<span class=\"__7 _355\"></span>e compta<span class=\"__7 _355\"></span>ble av<span class=\"__7 _355\"></span>ant im<span class=\"__7 _355\"></span>p\u00f4ts<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x27c_1 y41b_2 w1dc_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">113.<span class=\"__7 _355\"></span>006<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x27d_1 y41b_2 w1dd_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.359<span class=\"__7 _355\"></span>.5<span class=\"__7 _355\"></span>12<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y41c_2 w1de_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Imp\u00f4t<span class=\"__7 _355\"></span>s calcul\u00e9s a<span class=\"__7 _355\"></span>u taux de 25%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x27e_1 y41c_2 w1df_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">28.2<span class=\"__7 _355\"></span>52<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x27f_1 y41c_2 w1e0_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">339.8<span class=\"__7 _355\"></span>78<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y41d_2 w1e1_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Effet de ta<span class=\"__7 _355\"></span>ux d\u2019imp\u00f4ts diff\u00e9r<span class=\"__7 _355\"></span>ents u<span class=\"__7 _355\"></span>tilis\u00e9s dan<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _355\"></span>autr<span class=\"__7 _355\"></span>es pays<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x280_1 y41d_2 w1e_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x281_1 y41d_2 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y41f_2 w1e2_1 h39_1\"><div class=\"t_7 m2_7 x80_5 h6_7 y41e_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Effet de l\u2019<span class=\"__7 _358\"></span>exon<span class=\"__7 _355\"></span>\u00e9rati<span class=\"__7 _355\"></span>on des plus-v<span class=\"__7 _355\"></span>alues la<span class=\"__7 _355\"></span>ten<span class=\"__7 _355\"></span>tes ne<span class=\"__7 _355\"></span>ttes et non-<span class=\"__7 _357\"> </span></div><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">d\u00e9ductib<span class=\"__7 _355\"></span>ilit\u00e9 des moin<span class=\"__7 _355\"></span>s-val<span class=\"__7 _355\"></span>ues lat<span class=\"__7 _355\"></span>ente<span class=\"__7 _355\"></span>s nette<span class=\"__7 _355\"></span>s sur le por<span class=\"__7 _359\"></span>te<span class=\"__7 _355\"></span>feuille<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ba_1 y41f_2 w1e3_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">1<span class=\"__7 _359\"></span>.72<span class=\"__7 _359\"></span>7<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x282_1 y41f_2 w1e4_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">18.655<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h6_7 y420_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">sous le s<span class=\"__7 _355\"></span>tatut d\u2019<span class=\"__7 _355\"></span>En<span class=\"__7 _355\"></span>tit\u00e9 d\u2019Inv<span class=\"__7 _355\"></span>estissem<span class=\"__7 _355\"></span>ent<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h6_7 y421_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Effet de l\u2019<span class=\"__7 _358\"></span>exon<span class=\"__7 _355\"></span>\u00e9rati<span class=\"__7 _355\"></span>on des plus-v<span class=\"__7 _355\"></span>alues et r<span class=\"__7 _355\"></span>eprise<span class=\"__7 _355\"></span>s de r\u00e9ducti<span class=\"__7 _355\"></span>on </td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h6_7 y422_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">de vale<span class=\"__7 _355\"></span>ur et de la non-d\u00e9d<span class=\"__7 _355\"></span>uctibilit\u00e9 des m<span class=\"__7 _355\"></span>oins- va<span class=\"__7 _355\"></span>lues et<span class=\"__7 _355\"></span> </td><td class=\"c_2 n_2 x283_1 y423_2 w1e5_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-5.215<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x284_1 y423_2 w9_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-10<span class=\"__7 _355\"></span>1.040<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h6_7 y424_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">r\u00e9d<span class=\"__7 _355\"></span>uctions de v<span class=\"__7 _355\"></span>aleur sur pa<span class=\"__7 _355\"></span>rticipation<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y425_2 w1e6_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Effet de l\u2019<span class=\"__7 _358\"></span>exon<span class=\"__7 _355\"></span>\u00e9rati<span class=\"__7 _355\"></span>on des dividendes r<span class=\"__7 _355\"></span>e\u00e7us<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x285_1 y425_2 w1e7_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-25.<span class=\"__7 _355\"></span>319<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x286_1 y425_2 w1e8_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-25<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>.<span class=\"__7 _355\"></span>795<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h6_7 y426_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Effet de<span class=\"__7 _355\"></span>s r\u00e9gulari<span class=\"__7 _355\"></span>sation<span class=\"__7 _355\"></span>s d\u2019imp\u00f4ts r<span class=\"__7 _355\"></span>elatifs aux e<span class=\"__7 _355\"></span>xer<span class=\"__7 _355\"></span>cices </td><td class=\"c_2 n_2 x287_1 y427_2 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x288_1 y427_2 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h6_7 y428_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">an<span class=\"__7 _355\"></span>t\u00e9rieur<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y35e_3 w1e9_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es aju<span class=\"__7 _355\"></span>stemen<span class=\"__7 _355\"></span>ts d\u2019imp\u00f4t<span class=\"__7 _355\"></span>s (d\u00e9penses n<span class=\"__7 _355\"></span>on admises)<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x289_1 y35e_3 w1ea_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">561<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x28a_1 y35e_3 w1eb_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">309<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y388_4 w1da_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Char<span class=\"__7 _355\"></span>ges (+) / produit<span class=\"__7 _355\"></span>s (-) d\u2019imp\u00f4ts diff\u00e9r<span class=\"__7 _355\"></span>\u00e9s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x277_1 y388_4 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x278_1 y388_4 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w1ec_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Char<span class=\"__7 _355\"></span>ges (+) / produits (-) d\u2019im<span class=\"__7 _355\"></span>p\u00f4ts sur le r<span class=\"__7 _355\"></span>\u00e9sultat<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x28b_1 y35f_3 w1ed_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">6<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x28c_1 y35f_3 w1ee_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">7<span class=\"__7 _357\"> </span></div></td></tr></table>En ta<span class=\"__7 _355\"></span>nt que soci<span class=\"__7 _355\"></span>\u00e9t\u00e9 holdin<span class=\"__7 _355\"></span>g, Sofina es<span class=\"__7 _355\"></span>t exon<span class=\"__7 _355\"></span>\u00e9r\u00e9e d\u2019imp\u00f4<span class=\"__7 _355\"></span>t sur la plupa<span class=\"__7 _355\"></span>r<span class=\"__7 _359\"></span>t de ses r<span class=\"__7 _355\"></span>ev<span class=\"__7 _355\"></span>enus (divi<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>dendes e<span class=\"__7 _355\"></span>t plus-va<span class=\"__7 _355\"></span>lues). C<span class=\"__7 _355\"></span>e r\u00e9gime fi<span class=\"__7 _355\"></span>scal applic<span class=\"__7 _355\"></span>able aux holdin<span class=\"__7 _355\"></span>gs a \u00e9t\u00e9 mis en \u0153<span class=\"__7 _355\"></span>uvre no<span class=\"__7 _355\"></span>tam<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>men<span class=\"__7 _355\"></span>t en Belgique e<span class=\"__7 _355\"></span>t au Lux<span class=\"__7 _355\"></span>embour<span class=\"__7 _355\"></span>g en vue d\u2019<span class=\"__7 _361\"></span>\u00e9viter l<span class=\"__7 _355\"></span>a double imposition, prin<span class=\"__7 _355\"></span>cipe guid\u00e9 par la Dir<span class=\"__7 _355\"></span>ective eur<span class=\"__7 _355\"></span>op\u00e9enne M\u00e8r<span class=\"__7 _355\"></span>e-Filiale<span class=\"__7 _355\"></span>. Aucun pa<span class=\"__7 _355\"></span>ssif d\u2019imp\u00f4t diff\u00e9r<span class=\"__7 _355\"></span>\u00e9 n\u2019<span class=\"__7 _358\"></span>est d\u00e8<span class=\"__7 _355\"></span>s lors comp<span class=\"__7 _355\"></span>tabili<span class=\"__7 _355\"></span>s\u00e9 pour les pl<span class=\"__7 _355\"></span>us-va<span class=\"__7 _355\"></span>lues la<span class=\"__7 _355\"></span>ten<span class=\"__7 _355\"></span>tes sur le<span class=\"__7 _355\"></span>s investi<span class=\"__7 _355\"></span>ssemen<span class=\"__7 _355\"></span>ts. Il exi<span class=\"__7 _355\"></span>ste cepen<span class=\"__7 _355\"></span>dan<span class=\"__7 _355\"></span>t quelques inve<span class=\"__7 _355\"></span>stisse<span class=\"__7 _355\"></span><span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>men<span class=\"__7 _355\"></span>ts pour lesq<span class=\"__7 _355\"></span>uels un imp\u00f4t su<span class=\"__7 _355\"></span>r la plus-v<span class=\"__7 _355\"></span>alue da<span class=\"__7 _355\"></span>ns le pay<span class=\"__7 _355\"></span>s de r\u00e9si<span class=\"__7 _355\"></span>dence de la soci\u00e9<span class=\"__7 _355\"></span>t\u00e9 dan<span class=\"__7 _355\"></span>s laquelle Sofin<span class=\"__7 _355\"></span>a d\u00e9tien<span class=\"__7 _355\"></span>t une participa<span class=\"__7 _355\"></span>tion peut s\u2019<span class=\"__7 _361\"></span>appliquer dan<span class=\"__7 _355\"></span>s des situ<span class=\"__7 _355\"></span>ation<span class=\"__7 _355\"></span>s tr\u00e8s sp\u00e9cifi<span class=\"__7 _355\"></span>ques. L<span class=\"__7 _355\"></span>\u2019impact de<span class=\"__7 _355\"></span>s passifs d\u2019imp\u00f4<span class=\"__7 _355\"></span>t diff\u00e9r\u00e9 sur le<span class=\"__7 _355\"></span>s dif<span class=\"__7 _359\"></span>f<span class=\"__7 _355\"></span>\u00e9rence<span class=\"__7 _355\"></span>s tempor<span class=\"__7 _355\"></span>aires im<span class=\"__7 _355\"></span>posables<span class=\"__7 _355\"></span>, compta<span class=\"__7 _355\"></span>bilis\u00e9<span class=\"__7 _355\"></span>s par c<span class=\"__7 _355\"></span>es filiale<span class=\"__7 _355\"></span>s d\u2019investi<span class=\"__7 _355\"></span>ssemen<span class=\"__7 _355\"></span>t, entr<span class=\"__7 _355\"></span>e la vale<span class=\"__7 _355\"></span>ur compt<span class=\"__7 _355\"></span>able et la ba<span class=\"__7 _355\"></span>se fisca<span class=\"__7 _355\"></span>le se refl\u00e8<span class=\"__7 _355\"></span>te dan<span class=\"__7 _355\"></span>s leur j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r<span class=\"__7 _355\"></span>. Au 31 d\u00e9c<span class=\"__7 _355\"></span>embre 2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>5, ces p<span class=\"__7 _355\"></span>assifs d\u2019imp\u00f4<span class=\"__7 _355\"></span>ts diff\u00e9r\u00e9 s\u2019<span class=\"__7 _c7\"></span>\u00e9l\u00e8ven<span class=\"__7 _355\"></span>t \u00e0 un tot<span class=\"__7 _355\"></span>al de 71,54 million<span class=\"__7 _355\"></span>s EUR. En o<span class=\"__7 _355\"></span>utre, So<span class=\"__7 _355\"></span>fina ne r<span class=\"__7 _355\"></span>emplit pas les c<span class=\"__7 _355\"></span>onditions po<span class=\"__7 _355\"></span>ur entr<span class=\"__7 _355\"></span>er dan<span class=\"__7 _355\"></span>s le cham<span class=\"__7 _355\"></span>p d\u2019<span class=\"__7 _361\"></span>applicati<span class=\"__7 _355\"></span>on de la direc<span class=\"__7 _355\"></span>tive (UE) 2<span class=\"__7 _355\"></span>022/<span class=\"__7 _355\"></span>25<span class=\"__7 _355\"></span>23 du C<span class=\"__7 _355\"></span>onseil d<span class=\"__7 _355\"></span>u 14 d\u00e9cembr<span class=\"__7 _355\"></span>e 20<span class=\"__7 _355\"></span>22 visan<span class=\"__7 _355\"></span>t \u00e0 assu<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>rer u<span class=\"__7 _355\"></span>n niveau minimum glob<span class=\"__7 _355\"></span>al d\u2019impositi<span class=\"__7 _355\"></span>on pour les gr<span class=\"__7 _355\"></span>oupes d\u2019<span class=\"__7 _358\"></span>entr<span class=\"__7 _355\"></span>eprises m<span class=\"__7 _355\"></span>ultination<span class=\"__7 _355\"></span>ales e<span class=\"__7 _355\"></span>t les gr<span class=\"__7 _355\"></span>oupes na<span class=\"__7 _355\"></span>tionaux de gr<span class=\"__7 _355\"></span>ande t<span class=\"__7 _355\"></span>aille dans l\u2019Uni<span class=\"__7 _355\"></span>on europ\u00e9<span class=\"__7 _355\"></span>enne, in<span class=\"__7 _355\"></span>trodui<span class=\"__7 _355\"></span>sant le<span class=\"__7 _355\"></span>s r\u00e8gles dit<span class=\"__7 _355\"></span>es du Pilier De<span class=\"__7 _355\"></span>ux. Ces r<span class=\"__7 _355\"></span>\u00e8gles s\u2019<span class=\"__7 _361\"></span>appliquent a<span class=\"__7 _355\"></span>ux groupe<span class=\"__7 _355\"></span>s multina<span class=\"__7 _355\"></span>tionaux don<span class=\"__7 _355\"></span>t l\u2019<span class=\"__7 _358\"></span>entit\u00e9 m\u00e8r<span class=\"__7 _355\"></span>e ultime d\u00e9cla<span class=\"__7 _355\"></span>re un chiffre d\u2019<span class=\"__7 _361\"></span>affaires a<span class=\"__7 _355\"></span>nnuel consolid\u00e9 sup\u00e9rie<span class=\"__7 _355\"></span>ur ou <span class=\"__7 _359\"></span>\u00e9gal \u00e0 750 millions<span class=\"__7 gs8_2\"> </span>EUR au cour<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _361\"></span>au moin<span class=\"__7 _355\"></span>s deux des qua<span class=\"__7 _355\"></span>tre e<span class=\"__7 _355\"></span>xer<span class=\"__7 _355\"></span>cices pr<span class=\"__7 _355\"></span>\u00e9c\u00e9da<span class=\"__7 _355\"></span>nt imm\u00e9dia<span class=\"__7 _355\"></span>temen<span class=\"__7 _355\"></span>t l\u2019<span class=\"__7 _358\"></span>exer<span class=\"__7 _355\"></span>cice t<span class=\"__7 _355\"></span>est\u00e9<span class=\"__7 _355\"></span>. En vertu de<span class=\"__7 _355\"></span> son sta<span class=\"__7 _355\"></span>tut d\u2019<span class=\"__7 _355\"></span>Entit<span class=\"__7 _355\"></span>\u00e9 d\u2019Inv<span class=\"__7 _355\"></span>estissem<span class=\"__7 _355\"></span>ent et de l<span class=\"__7 _355\"></span>a m\u00e9thode de con<span class=\"__7 _355\"></span>solida<span class=\"__7 _355\"></span>tion applica<span class=\"__7 _355\"></span>ble, Sofina n<span class=\"__7 _355\"></span>e rem<span class=\"__7 _355\"></span>plit pas les c<span class=\"__7 _355\"></span>rit\u00e8re<span class=\"__7 _355\"></span>s requi<span class=\"__7 _355\"></span>s pour entr<span class=\"__7 _355\"></span>er dan<span class=\"__7 _355\"></span>s le cham<span class=\"__7 _355\"></span>p d\u2019<span class=\"__7 _355\"></span>applica<span class=\"__7 _355\"></span>tion de ce<span class=\"__7 _355\"></span>s r\u00e8gles du Pili<span class=\"__7 _355\"></span>er Deux. Il n<span class=\"__7 _355\"></span>\u2019y a donc pas d\u2019imp\u00f4<span class=\"__7 _355\"></span>ts diff\u00e9r<span class=\"__7 _355\"></span>\u00e9s \u00e0 comp<span class=\"__7 _355\"></span>tabilis<span class=\"__7 _355\"></span>er \u00e0 cet \u00e9gar<span class=\"__7 _355\"></span>d.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es r<span class=\"__7 _355\"></span>\u00e9ser<span class=\"__7 _359\"></span>ve<span class=\"__7 _355\"></span>s de Sofina SA com<span class=\"__7 _355\"></span>prennen<span class=\"__7 _355\"></span>t des diff\u00e9r<span class=\"__7 _355\"></span>ences t<span class=\"__7 _355\"></span>emporair<span class=\"__7 _355\"></span>es r<span class=\"__7 _355\"></span>\u00e9sultan<span class=\"__7 _355\"></span>t de re<span class=\"__7 _355\"></span>venus e<span class=\"__7 _355\"></span>xo<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>n\u00e9r<span class=\"__7 _355\"></span>\u00e9s d\u2019imp\u00f4<span class=\"__7 _355\"></span>ts data<span class=\"__7 _355\"></span>nt d\u2019<span class=\"__7 _361\"></span>av<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>t 1990 et des r<span class=\"__7 _355\"></span>\u00e8gles fisca<span class=\"__7 _355\"></span>les applica<span class=\"__7 _355\"></span>bles \u00e0 l\u2019<span class=\"__7 _358\"></span>\u00e9poque. Auc<span class=\"__7 _355\"></span>un passif d\u2019imp\u00f4<span class=\"__7 _355\"></span>t dif<span class=\"__7 _359\"></span>f\u00e9r<span class=\"__7 _355\"></span>\u00e9 n\u2019<span class=\"__7 _358\"></span>est c<span class=\"__7 _355\"></span>ompta<span class=\"__7 _355\"></span>bilis\u00e9 \u00e0 ce<span class=\"__7 _355\"></span>t \u00e9gard ca<span class=\"__7 _355\"></span>r Sofina SA es<span class=\"__7 _355\"></span>t capable de c<span class=\"__7 _355\"></span>ontr<span class=\"__7 _355\"></span>\u00f4ler la dat<span class=\"__7 _355\"></span>e \u00e0 laquelle la diff<span class=\"__7 _355\"></span>\u00e9rence t<span class=\"__7 _355\"></span>emporair<span class=\"__7 _355\"></span>e se r<span class=\"__7 _355\"></span>\u00e9sorbera e<span class=\"__7 _355\"></span>t il est pro<span class=\"__7 _355\"></span>bable que la diff\u00e9r<span class=\"__7 _355\"></span>ence tem<span class=\"__7 _355\"></span>porair<span class=\"__7 _355\"></span>e ne se r<span class=\"__7 _355\"></span>\u00e9sorber<span class=\"__7 _355\"></span>a pas dan<span class=\"__7 _355\"></span>s un a<span class=\"__7 _355\"></span>venir pr\u00e9<span class=\"__7 _355\"></span>visible. \u00c0 ce<span class=\"__7 _355\"></span>t \u00e9gard, a<span class=\"__7 _355\"></span>u 31 d\u00e9cembr<span class=\"__7 _355\"></span>e 2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>5, les pas<span class=\"__7 _355\"></span>sifs d\u2019imp\u00f4<span class=\"__7 _355\"></span>t dif<span class=\"__7 _359\"></span>f\u00e9r<span class=\"__7 _355\"></span>\u00e9 non comp<span class=\"__7 _355\"></span>tabili<span class=\"__7 _355\"></span>s\u00e9s s\u2019<span class=\"__7 _358\"></span>\u00e9l\u00e8ven<span class=\"__7 _355\"></span>t \u00e0 48,<span class=\"__7 _355\"></span>78 million<span class=\"__7 _355\"></span>s EUR (54,2<span class=\"__7 _355\"></span>8 millions EUR en 2<span class=\"__7 _361\"></span>02<span class=\"__7 _355\"></span>4).<span class=\"__7 _357\"> </span>Sofina SA n<span class=\"__7 _355\"></span>e compta<span class=\"__7 _355\"></span>bilise pa<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _355\"></span>actifs d\u2019imp\u00f4<span class=\"__7 _355\"></span>t diff\u00e9r\u00e9 po<span class=\"__7 _355\"></span>ur les pertes fi<span class=\"__7 _355\"></span>scales (e<span class=\"__7 _355\"></span>t les re<span class=\"__7 _355\"></span>venu<span class=\"__7 _355\"></span>s d\u00e9finitivemen<span class=\"__7 _355\"></span>t tax<span class=\"__7 _355\"></span>\u00e9s) report\u00e9<span class=\"__7 _355\"></span>es pour une du<span class=\"__7 _355\"></span>r\u00e9e illimit\u00e9e pa<span class=\"__7 _355\"></span>rce que le<span class=\"__7 _355\"></span>ur r\u00e9cup\u00e9r<span class=\"__7 _355\"></span>ati<span class=\"__7 _355\"></span>on est jug\u00e9<span class=\"__7 _355\"></span>e incertaine d<span class=\"__7 _355\"></span>ans un a<span class=\"__7 _355\"></span>venir pr<span class=\"__7 _355\"></span>\u00e9visible<span class=\"__7 _355\"></span>. Au 31 d\u00e9cem<span class=\"__7 _355\"></span>bre 2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>5, ces ac<span class=\"__7 _355\"></span>tifs d\u2019imp\u00f4t diff\u00e9r<span class=\"__7 _355\"></span>\u00e9 non comp<span class=\"__7 _355\"></span>tabili<span class=\"__7 _355\"></span>s\u00e9s s\u2019<span class=\"__7 _358\"></span>\u00e9l\u00e8ven<span class=\"__7 _355\"></span>t \u00e0 7<span class=\"__7 _358\"></span>,65 millions EU<span class=\"__7 _355\"></span>R (6,80 million<span class=\"__7 _355\"></span>s EUR en 2<span class=\"__7 _355\"></span>02<span class=\"__7 _361\"></span>4).<span class=\"__7 _357\"> </span>Comm<span class=\"__7 _355\"></span>e expliqu\u00e9 au po<span class=\"__7 _355\"></span>int 2.<span class=\"__7 _361\"></span>1 ci-dessu<span class=\"__7 _355\"></span>s, il exis<span class=\"__7 _355\"></span>te en outr<span class=\"__7 _355\"></span>e des b\u00e9n\u00e9fic<span class=\"__7 _355\"></span>es accum<span class=\"__7 _355\"></span>ul\u00e9s au sein de<span class=\"__7 _355\"></span>s filiale<span class=\"__7 _355\"></span>s d\u2019investi<span class=\"__7 _355\"></span>ssemen<span class=\"__7 _355\"></span>t luxem<span class=\"__7 _355\"></span>bourgeoi<span class=\"__7 _355\"></span>ses d\u00e9ten<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>t Sofina F<span class=\"__7 _355\"></span>onds P<span class=\"__7 _355\"></span>riv\u00e9s qui po<span class=\"__7 _355\"></span>urraien<span class=\"__7 _355\"></span>t tou<span class=\"__7 _355\"></span>s dev<span class=\"__7 _355\"></span>enir imposable<span class=\"__7 _355\"></span>s (\u00e0 un taux d\u2019impo<span class=\"__7 _355\"></span>sition de 25%) da<span class=\"__7 _355\"></span>ns certain<span class=\"__7 _355\"></span>s sc\u00e9na<span class=\"__7 _355\"></span>rios tr\u00e8<span class=\"__7 _355\"></span>s improb<span class=\"__7 _355\"></span>ables (et, en outr<span class=\"__7 _355\"></span>e, des s<span class=\"__7 _355\"></span>c\u00e9nario<span class=\"__7 _355\"></span>s sur lesquel<span class=\"__7 _355\"></span>s Sofina SA a le con<span class=\"__7 _355\"></span>tr\u00f4le). E<span class=\"__7 _355\"></span>n cons\u00e9quen<span class=\"__7 _355\"></span>ce, auc<span class=\"__7 _355\"></span>un passif d\u2019im<span class=\"__7 _355\"></span>p\u00f4t diff\u00e9r<span class=\"__7 _355\"></span>\u00e9 n\u2019<span class=\"__7 _358\"></span>est com<span class=\"__7 _355\"></span>ptab<span class=\"__7 _355\"></span>ilis\u00e9 pour ce<span class=\"__7 _355\"></span>s mont<span class=\"__7 _355\"></span>ants<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>\u00c9tan<span class=\"__7 _355\"></span>t donn\u00e9 que Sofin<span class=\"__7 _355\"></span>a ne consoli<span class=\"__7 _355\"></span>de pas ses filia<span class=\"__7 _355\"></span>les d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t ni les soci\u00e9<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>t\u00e9<span class=\"__7 _355\"></span>s de son por<span class=\"__7 _359\"></span>tef<span class=\"__7 _355\"></span>euille, elle n<span class=\"__7 _355\"></span>e compta<span class=\"__7 _355\"></span>bilise pa<span class=\"__7 _355\"></span>s les imp\u00f4t<span class=\"__7 _355\"></span>s acquitt\u00e9s o<span class=\"__7 _355\"></span>u suppor<span class=\"__7 _359\"></span>t\u00e9<span class=\"__7 _355\"></span>s par ces en<span class=\"__7 _355\"></span>tit\u00e9s<span class=\"__7 _355\"></span>. P<span class=\"__7 _355\"></span>ar ailleur<span class=\"__7 _355\"></span>s, en tan<span class=\"__7 _355\"></span>t que soci\u00e9t<span class=\"__7 _355\"></span>\u00e9 holding, Sofina n<span class=\"__7 _355\"></span>e r\u00e9cup\u00e8r<span class=\"__7 _355\"></span>e pas la m<span class=\"__7 _355\"></span>ajeure<span class=\"__7 _355\"></span> partie de la TV<span class=\"__7 _361\"></span>A support\u00e9e, l<span class=\"__7 _355\"></span>aquelle cons<span class=\"__7 _355\"></span>titue d\u00e8s lor<span class=\"__7 _355\"></span>s un co\u00fbt d\u00e9finitif pou<span class=\"__7 _355\"></span>r le groupe<span class=\"__7 _355\"></span>.<span class=\"ls2_7 ws0_7\"> </span>L<span class=\"__7 _355\"></span>es to<span class=\"__7 _355\"></span>taux ou \u00e9l\u00e9men<span class=\"__7 _355\"></span>ts re<span class=\"__7 _355\"></span>pris dan<span class=\"__7 _355\"></span>s les tableaux ci-de<span class=\"__7 _355\"></span>ssus et ci-de<span class=\"__7 _355\"></span>ssous (\u00ab Imp\u00f4<span class=\"__7 _355\"></span>ts sur le r\u00e9<span class=\"__7 _355\"></span>sultat \u00bb e<span class=\"__7 _355\"></span>t \u00ab Autre<span class=\"__7 _355\"></span>s taxes e<span class=\"__7 _355\"></span>t imp\u00f4ts \u00bb) n<span class=\"__7 _355\"></span>e refl\u00e8<span class=\"__7 _355\"></span>tent don<span class=\"__7 _355\"></span>c pas la ch<span class=\"__7 _355\"></span>arge fisc<span class=\"__7 _355\"></span>ale r\u00e9ellem<span class=\"__7 _355\"></span>ent support\u00e9e pa<span class=\"__7 _355\"></span>r le groupe<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span><table class=\"s_2 w6f_2 h3a_1\" id=\"_2d2ee65c-037f-43c7-bb8b-3543164a9bed\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y429_2 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x84_5 y42a_2 w1ef_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">AUTRE<span class=\"__7 _355\"></span>S T<span class=\"__7 _358\"></span>A<span class=\"__7 _359\"></span>XES ET I<span class=\"__7 _355\"></span>MP\u00d4<span class=\"__7 _355\"></span>TS<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x28d_1 y42a_2 w17c_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x28e_1 y42a_2 w17d_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y42b_2 w1f0_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _c7\"></span>axes diver<span class=\"__7 _355\"></span>ses li\u00e9e<span class=\"__7 _355\"></span>s aux immobilisa<span class=\"__7 _355\"></span>tions corpor<span class=\"__7 _355\"></span>elles<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x28f_1 y42b_2 w1f1_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls21_7 ws33_6\">24<span class=\"__7 _359\"></span>2<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x290_1 y42b_2 w1f2_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">168<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y42c_2 w1f3_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">TV<span class=\"__7 _355\"></span>A non d\u00e9ductible<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x291_1 y42c_2 w1f4_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2a_7 ws4d_5\">3.<span class=\"__7 _359\"></span>470<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x292_1 y42c_2 w1f5_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.58<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y42d_2 w1f6_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _c7\"></span>axe annuelle su<span class=\"__7 _355\"></span>r les compt<span class=\"__7 _355\"></span>es-titre<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x293_1 y42d_2 w1f7_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">421<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x294_1 y42d_2 w1f8_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">90<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3e7_3 w1f9_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _c7\"></span>axe sur les op\u00e9r<span class=\"__7 _355\"></span>ation<span class=\"__7 _355\"></span>s de bourse<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x295_1 y3e7_3 w1fa_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">22<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x296_1 y3e7_3 w1fa_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">22<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w1fb_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es taxe<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x297_1 y35f_3 w1fc_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">52<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x298_1 y35f_3 w1fd_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">50<span class=\"__7 _357\"> </span></div></td></tr></table>3.<span class=\"__7 _358\"></span>16 AI<span class=\"__7 _355\"></span>DE<span class=\"__7 _355\"></span>S PUBL<span class=\"__7 _355\"></span>IQUE<span class=\"__7 _361\"></span>S<span class=\"__7 _357\"> </span>Une sub<span class=\"__7 _355\"></span>venti<span class=\"__7 _355\"></span>on de 349<span class=\"__7 _355\"></span>.000 EUR a \u00e9t<span class=\"__7 _355\"></span>\u00e9 accor<span class=\"__7 _355\"></span>d\u00e9e en 2<span class=\"__7 _355\"></span>005 par la R<span class=\"__7 _355\"></span>\u00e9gion de Brux<span class=\"__7 _355\"></span>elles-C<span class=\"__7 _355\"></span>apitale<span class=\"__7 _355\"></span>. Il s\u2019<span class=\"__7 _361\"></span>agit d\u2019une int<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>ven<span class=\"__7 _355\"></span>tion r\u00e9gi<span class=\"__7 _355\"></span>onale da<span class=\"__7 _355\"></span>ns les fr<span class=\"__7 _355\"></span>ais des tr<span class=\"__7 _355\"></span>ava<span class=\"__7 _355\"></span>ux de res<span class=\"__7 _355\"></span>taur<span class=\"__7 _355\"></span>ation des f<span class=\"__7 _355\"></span>a\u00e7ades de l\u2019h\u00f4t<span class=\"__7 _355\"></span>el de ma\u00eetr<span class=\"__7 _355\"></span>e dans le<span class=\"__7 _355\"></span>quel Sofina a \u00e9ta<span class=\"__7 _355\"></span>bli son si\u00e8ge socia<span class=\"__7 _355\"></span>l. Une sub<span class=\"__7 _355\"></span>venti<span class=\"__7 _355\"></span>on de 56.<span class=\"__7 _355\"></span>000 EUR a \u00e9t\u00e9 ac<span class=\"__7 _355\"></span>cord\u00e9e en 2<span class=\"__7 _361\"></span>013 pa<span class=\"__7 _355\"></span>r la R\u00e9gi<span class=\"__7 _355\"></span>on de Bruxelle<span class=\"__7 _355\"></span>s-Capit<span class=\"__7 _355\"></span>ale. Il s\u2019<span class=\"__7 _361\"></span>agit d\u2019une int<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>ven<span class=\"__7 _355\"></span>tion r\u00e9gi<span class=\"__7 _355\"></span>onale dan<span class=\"__7 _355\"></span>s les fr<span class=\"__7 _355\"></span>ais des tr<span class=\"__7 _355\"></span>ava<span class=\"__7 _355\"></span>ux de res<span class=\"__7 _355\"></span>taur<span class=\"__7 _355\"></span>ation de la f<span class=\"__7 _355\"></span>a\u00e7ade de notr<span class=\"__7 _355\"></span>e b\u00e2<span class=\"__7 _355\"></span>timent sit<span class=\"__7 _355\"></span>u\u00e9 Boulev<span class=\"__7 _355\"></span>ard d\u2019<span class=\"__7 _358\"></span>Anvers.<span class=\"__7 _355\"></span> Une sub<span class=\"__7 _355\"></span>venti<span class=\"__7 _355\"></span>on de 60.<span class=\"__7 _355\"></span>000 EUR a \u00e9t\u00e9 ac<span class=\"__7 _355\"></span>cord\u00e9e en 2<span class=\"__7 _361\"></span>016 pa<span class=\"__7 _355\"></span>r la R\u00e9gion de B<span class=\"__7 _355\"></span>ruxelle<span class=\"__7 _355\"></span>s-Capita<span class=\"__7 _355\"></span>le. Il s\u2019<span class=\"__7 _361\"></span>agit d\u2019une int<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>ven<span class=\"__7 _355\"></span>tion r\u00e9gi<span class=\"__7 _355\"></span>onale dan<span class=\"__7 _355\"></span>s les fr<span class=\"__7 _355\"></span>ais des tr<span class=\"__7 _355\"></span>ava<span class=\"__7 _355\"></span>ux de res<span class=\"__7 _355\"></span>taur<span class=\"__7 _355\"></span>ation des f<span class=\"__7 _355\"></span>a\u00e7ades de l\u2019h\u00f4t<span class=\"__7 _355\"></span>el de ma\u00eetr<span class=\"__7 _355\"></span>e dans le<span class=\"__7 _355\"></span>quel Sofina a \u00e9ta<span class=\"__7 _355\"></span>bli son si\u00e8ge socia<span class=\"__7 _355\"></span>l. 3.<span class=\"__7 _358\"></span>17 DR<span class=\"__7 _355\"></span>OITS ET EN<span class=\"__7 _355\"></span>GA<span class=\"__7 _355\"></span>GEM<span class=\"__7 _355\"></span>ENTS HO<span class=\"__7 _355\"></span>RS B<span class=\"__7 _355\"></span>ILAN<span class=\"__7 _357\"> </span><table class=\"s_2 w9b_2 h3b_1\" id=\"_3de10787-6c59-4042-b01e-e5872ea024ab\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x155_2 h3_7 y42e_2 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x299_1 y42f_2 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x29a_1 y42f_2 w71_2 h1c_7\" colspan=\"2\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x29b_1 h4_7 y430_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">DEVISE </td><td class=\"t_7 m2_7 x29c_1 h4_7 y431_2 ff2_7 fs3_7 fc2_7 sc0_7 ls40_5 ws7a_2\">EUR<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x29d_1 h4_7 y430_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">DEVISE </td><td class=\"t_7 m2_7 x29e_1 h4_7 y431_2 ff2_7 fs3_7 fc2_7 sc0_7 ls40_5 ws7a_2\">EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x29f_1 h4_7 y432_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">\u00c9TRANG<span class=\"__7 _355\"></span>\u00c8RE<span class=\"__7 _357\"> </span></td><td></td><td class=\"t_7 m2_7 x2a0_1 h4_7 y432_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">\u00c9TRANG<span class=\"__7 _355\"></span>\u00c8RE<span class=\"__7 _357\"> </span></td><td></td></tr><tr><td></td><td class=\"c_2 n_2 x2a1_1 y433_2 w1fe_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls44_5 ws7b_1\">EUR<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2a2_1 y433_2 w1ff_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">7<span class=\"__7 _359\"></span>5<span class=\"__7 _359\"></span>.37<span class=\"__7 _359\"></span>6<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2a3_1 y433_2 w200_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">70<span class=\"__7 _355\"></span>.443<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h6_7 y434_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">P<span class=\"__7 _355\"></span>ortef<span class=\"__7 _355\"></span>euille d'investi<span class=\"__7 _355\"></span>ssement,<span class=\"__7 _355\"></span> </td><td class=\"c_2 n_2 x2a1_1 y435_2 w201_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">CAD<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2a4_1 y435_2 w202_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls45_5 ws20_7\">41<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2a5_1 y435_2 w203_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2a6_1 y435_2 w204_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">93<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2a7_1 y435_2 w205_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">62<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y436_2 w206_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">mon<span class=\"__7 _355\"></span>tant<span class=\"__7 _355\"></span>s souscrit<span class=\"__7 _355\"></span>s non appel\u00e9s</div><div class=\"t_7 m2_7 x2a8_1 hf_7 y377_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2a1_1 y437_2 w207_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">USD<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2a9_1 y437_2 w208_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.45<span class=\"__7 _355\"></span>2.<span class=\"__7 _355\"></span>70<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2aa_1 y437_2 w209_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.236<span class=\"__7 _355\"></span>.346<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ab_1 y437_2 w20a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.38<span class=\"__7 _355\"></span>1.084<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ac_1 y437_2 w20b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.32<span class=\"__7 _355\"></span>9.<span class=\"__7 _355\"></span>371<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td class=\"c_2 n_2 x2a1_1 y438_2 w20c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls22_7 ws7c_1\">GBP<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ad_1 y438_2 w20d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">12.310<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ae_1 y438_2 w20e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">14.<span class=\"__7 _361\"></span>108<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2af_1 y438_2 w20f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>3.2<span class=\"__7 _355\"></span>91<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2b0_1 y438_2 w210_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>8.089<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td class=\"c_2 n_2 x2a1_1 y439_2 w211_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">CNY<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2b1_1 y439_2 w212_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">70.0<span class=\"__7 _359\"></span>00<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2b2_1 y439_2 w213_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">8.509<span class=\"__7 _357\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c_2 n_2 x2b3_1 y43a_2 w214_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.334.364<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2b4_1 y43a_2 w215_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.427<span class=\"__7 _358\"></span>.965<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y43b_2 w216_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Lignes de c<span class=\"__7 _355\"></span>r\u00e9dit obt<span class=\"__7 _355\"></span>enues<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td class=\"c_2 n_2 x2b5_1 y43b_2 w217_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.3<span class=\"__7 _355\"></span>75.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2b6_1 y43b_2 w218_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _361\"></span>185.000<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y3ed_3 w219_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant u<span class=\"__7 _355\"></span>tilis\u00e9<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td class=\"c_2 n_2 x2b7_1 y3ed_3 w1e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2b8_1 y3ed_3 w1e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y43c_2 w21a_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant n<span class=\"__7 _355\"></span>on utilis\u00e9<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td class=\"c_2 n_2 x2b9_1 y43c_2 w21b_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _355\"></span>3<span class=\"__7 _355\"></span>75.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2ba_1 y43c_2 w21c_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _355\"></span>185.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h6_7 y43d_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Lignes de c<span class=\"__7 _355\"></span>r\u00e9dit acc<span class=\"__7 _355\"></span>ord\u00e9es aux<span class=\"__7 _355\"></span> </td><td></td><td></td><td class=\"c_2 n_2 x2bb_1 y43e_2 w21d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">8<span class=\"__7 _355\"></span>75.000<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2bc_1 y43e_2 w21d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">8<span class=\"__7 _355\"></span>75.000<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h6_7 y43f_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">filiale<span class=\"__7 _355\"></span>s d'investis<span class=\"__7 _355\"></span>sement<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 xbb_4 y3e7_3 w219_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant u<span class=\"__7 _355\"></span>tilis\u00e9<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td class=\"c_2 n_2 x2bd_1 y3e7_3 w21e_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3<span class=\"__7 _355\"></span>91.062<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2be_1 y3e7_3 w21f_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>18.410<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y35f_3 w21a_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant n<span class=\"__7 _355\"></span>on utilis\u00e9<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td class=\"c_2 n_2 x2bf_1 y35f_3 w220_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls46_5 ws7d_1\">483.<span class=\"__7 _359\"></span>938<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2c0_1 y35f_3 w221_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">656.<span class=\"__7 _355\"></span>590<span class=\"__7 _357\"> </span></div></td></tr></table>P<span class=\"__7 _361\"></span>our m\u00e9moir<span class=\"__7 _355\"></span>e, Sofina b\u00e9n<span class=\"__7 _355\"></span>\u00e9fice de dr<span class=\"__7 _355\"></span>oits de pr\u00e9em<span class=\"__7 _355\"></span>ption ou de sou<span class=\"__7 _355\"></span>scrip<span class=\"__7 _355\"></span>tion pr\u00e9f<span class=\"__7 _355\"></span>\u00e9ren<span class=\"__7 _355\"></span>tielle dan<span class=\"__7 _355\"></span>s certaines pa<span class=\"__7 _355\"></span>rticipation<span class=\"__7 _355\"></span>s de son portef<span class=\"__7 _355\"></span>euille (consi<span class=\"__7 _355\"></span>d\u00e9r\u00e9 en tr<span class=\"__7 _355\"></span>anspa<span class=\"__7 _355\"></span>renc<span class=\"__7 _355\"></span>e) et ceux-ci son<span class=\"__7 _355\"></span>t conditionn<span class=\"__7 _355\"></span>\u00e9s par un<span class=\"__7 _355\"></span>e augmen<span class=\"__7 _355\"></span>tation d<span class=\"__7 _355\"></span>u capital de l<span class=\"__7 _355\"></span>a soci\u00e9t\u00e9 c<span class=\"__7 _355\"></span>oncern\u00e9e du porte<span class=\"__7 _355\"></span>feuille ou<span class=\"__7 _355\"></span> par l<span class=\"__7 _355\"></span>a mise en ven<span class=\"__7 _355\"></span>te par u<span class=\"__7 _355\"></span>n actionnair<span class=\"__7 _355\"></span>e de ses acti<span class=\"__7 _355\"></span>ons d\u00e9t<span class=\"__7 _355\"></span>enues da<span class=\"__7 _355\"></span>ns la soci<span class=\"__7 _355\"></span>\u00e9t\u00e9 en ques<span class=\"__7 _355\"></span>tion. L<span class=\"__7 _355\"></span>es autr<span class=\"__7 _355\"></span>es dr<span class=\"__7 _355\"></span>oits obt<span class=\"__7 _355\"></span>enus con<span class=\"__7 _355\"></span>cernen<span class=\"__7 _355\"></span>t essen<span class=\"__7 _355\"></span>tiellemen<span class=\"__7 _355\"></span>t la possibilit<span class=\"__7 _355\"></span>\u00e9 pour Sofina e<span class=\"__7 _355\"></span>t ses filiale<span class=\"__7 _355\"></span>s d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t de suivre un a<span class=\"__7 _355\"></span>ctionnair<span class=\"__7 _355\"></span>e qui c\u00e8derait t<span class=\"__7 _355\"></span>out ou pa<span class=\"__7 _355\"></span>r<span class=\"__7 _359\"></span>tie de sa pa<span class=\"__7 _355\"></span>rticipation (ta<span class=\"__7 _355\"></span>g-<span class=\"__7 _357\"> </span>along righ<span class=\"__7 _355\"></span>t). L<span class=\"__7 _355\"></span>es engagem<span class=\"__7 _355\"></span>ents donn<span class=\"__7 _355\"></span>\u00e9s par Sofin<span class=\"__7 _355\"></span>a et ses filia<span class=\"__7 _355\"></span>les d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t son<span class=\"__7 _355\"></span>t rela<span class=\"__7 _355\"></span>tifs \u00e0 des obliga<span class=\"__7 _355\"></span>tions de suit<span class=\"__7 _355\"></span>e (cession de<span class=\"__7 _355\"></span>s action<span class=\"__7 _355\"></span>s) en cas de ce<span class=\"__7 _355\"></span>ssion par c<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>tain<span class=\"__7 _355\"></span>s actionnair<span class=\"__7 _355\"></span>es de leur<span class=\"__7 _355\"></span>s action<span class=\"__7 _355\"></span>s (drag-alon<span class=\"__7 _355\"></span>g right). L<span class=\"__7 _361\"></span>e tota<span class=\"__7 _355\"></span>l de la jus<span class=\"__7 _355\"></span>te va<span class=\"__7 _355\"></span>leur des pa<span class=\"__7 _355\"></span>r<span class=\"__7 _359\"></span>ticipa<span class=\"__7 _355\"></span>tions c<span class=\"__7 _355\"></span>oncern\u00e9e<span class=\"__7 _355\"></span>s par c<span class=\"__7 _355\"></span>es engagemen<span class=\"__7 _355\"></span>ts es<span class=\"__7 _355\"></span>t de 4.227<span class=\"__7 _c7\"></span>.836 millier<span class=\"__7 _355\"></span>s EUR.<span class=\"__7 _357\"> </span>1<span class=\"__7 gs79_1\"> </span><span class=\"__7 _365\"> </span><span class=\"__7 gs79_1\"> </span>Ces<span class=\"__7 gs79_1\"> </span>m<span class=\"__7 _355\"></span>ontan<span class=\"__7 _355\"></span>ts<span class=\"__7 gs79_1\"> </span>provi<span class=\"__7 _355\"></span>ennent<span class=\"__7 gs79_1\"> </span>ess<span class=\"__7 _355\"></span>entiellemen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>souscrip<span class=\"__7 _355\"></span>tions<span class=\"__7 gs79_1\"> </span>aux<span class=\"__7 gs79_1\"> </span>inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>ts<span class=\"__7 gs79_1\"> </span>Sofina<span class=\"__7 gs79_1\"> </span>F<span class=\"__7 _355\"></span>onds<span class=\"__7 gs79_1\"> </span>Priv<span class=\"__7 _355\"></span>\u00e9s<span class=\"__7 gs79_1\"> </span>pour<span class=\"__7 gs79_1\"> </span>un<span class=\"__7 gs79_1\"> </span>mon<span class=\"__7 _355\"></span>tant<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>1.<span class=\"__7 _355\"></span>329<span class=\"__7 gs79_1\"> </span>million<span class=\"__7 _355\"></span>s<span class=\"__7 gs79_1\"> </span>EUR<span class=\"__7 gs79_1\"> </span>(cf<span class=\"__7 _355\"></span>.<span class=\"__7 gs79_1\"> </span>point<span class=\"__7 gs79_1\"> </span>2.6<span class=\"__7 _355\"></span>.<span class=\"__7 gs79_1\"> </span>ci-dessus).<span class=\"__7 gs79_1\"> </span>C<span class=\"__7 _355\"></span>es<span class=\"__7 gs79_1\"> </span>engagemen<span class=\"__7 _355\"></span>ts<span class=\"__7 gs79_1\"> </span>sont<span class=\"__7 gs79_1\"> </span>pris<span class=\"__7 gs79_1\"> </span>pa<span class=\"__7 _355\"></span>r<span class=\"__7 gs79_1\"> </span>Sofina<span class=\"__7 gs79_1\"> </span>SA<span class=\"__7 gs79_1\"> </span>ou<span class=\"__7 gs79_1\"> </span>par<span class=\"__7 gs79_1\"> </span>se<span class=\"__7 _355\"></span>s<span class=\"__7 gs79_1\"> </span>filiales<span class=\"__7 gs79_1\"> </span>d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>(vues<span class=\"__7 gs79_1\"> </span>en<span class=\"__7 gs79_1\"> </span>tran<span class=\"__7 _355\"></span>sparen<span class=\"__7 _355\"></span>ce).<span class=\"__7 gs79_1\"> </span>3.<span class=\"__7 _358\"></span>18 TRA<span class=\"__7 _355\"></span>NSA<span class=\"__7 _355\"></span>CTIO<span class=\"__7 _355\"></span>NS A<span class=\"__7 _358\"></span>VEC D<span class=\"__7 _355\"></span>E<span class=\"__7 _355\"></span>S P<span class=\"__7 _358\"></span>ARTIE<span class=\"__7 _355\"></span>S L<span class=\"__7 _355\"></span>I\u00c9E<span class=\"__7 _355\"></span>S<span class=\"__7 _357\"> </span>EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span><table class=\"s_2 w222_1 h3c_1\" id=\"_a78f609d-37c8-4dd4-9d54-91a35ea04987\"><tr><td></td><td></td><td class=\"t_7 m2_7 x83_5 h4_7 y440_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">A<span class=\"__7 _355\"></span>CTIF<span class=\"__7 _355\"></span>S ET P<span class=\"__7 _361\"></span>ASSIF<span class=\"__7 _355\"></span>S<span class=\"__7 _f7_1\"> </span><span class=\"ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _366\"> </span>31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></span></td></tr><tr><td class=\"c_2 n_2 x84_5 y441_2 w223_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es \u00e0 long terme de<span class=\"__7 _355\"></span>s entr<span class=\"__7 _355\"></span>eprises li\u00e9e<span class=\"__7 _355\"></span>s non cons<span class=\"__7 _355\"></span>olid\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c1_1 y441_2 w19_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c2_1 y441_2 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y442_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es \u00e0 court terme sur de<span class=\"__7 _355\"></span>s entr<span class=\"__7 _355\"></span>eprises li\u00e9e<span class=\"__7 _355\"></span>s non </td><td class=\"c_2 n_2 x224_1 y443_2 w43_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">434.2<span class=\"__7 _355\"></span>47<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x225_1 y443_2 w175_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">420<span class=\"__7 _355\"></span>.95<span class=\"__7 _361\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y444_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">con<span class=\"__7 _355\"></span>solid\u00e9es<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w224_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s vis-\u00e0-vis d\u2019<span class=\"__7 _358\"></span>entrepri<span class=\"__7 _355\"></span>ses li\u00e9es n<span class=\"__7 _355\"></span>on consolid\u00e9<span class=\"__7 _355\"></span>es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c3_1 y35f_3 w225_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-6.<span class=\"__7 _358\"></span>105<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c4_1 y35f_3 w178_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-138.5<span class=\"__7 _355\"></span>35<span class=\"__7 _357\"> </span></div></td></tr></table><table class=\"s_2 w239_1 h3e_1\" id=\"_67457e43-b71e-40a7-9eae-acd5bf02ca21\"><tr><td class=\"t_7 m2_7 x83_5 h4_7 y44c_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">R\u00c9<span class=\"__7 _355\"></span>SUL<span class=\"__7 _361\"></span>T<span class=\"__7 _361\"></span>A<span class=\"__7 _358\"></span>TS DES TRA<span class=\"__7 _355\"></span>NSAC<span class=\"__7 _355\"></span>TIONS ENTR<span class=\"__7 _355\"></span>E P<span class=\"__7 _361\"></span>ARTIES L<span class=\"__7 _355\"></span>I\u00c9E<span class=\"__7 _355\"></span>S OU </td><td class=\"c_2 n_2 x22a_1 y44d_2 w17c_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x22b_1 y44d_2 w17d_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h4_7 y44e_2 ff2_7 fs3_7 fc2_7 sc0_7 ls47_5 ws84_1\">AS<span class=\"__7 _359\"></span>SOC<span class=\"__7 _359\"></span>I\u00c9ES<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y44f_2 w17e_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dividende<span class=\"__7 _355\"></span>s re\u00e7us d\u2019<span class=\"__7 _358\"></span>entr<span class=\"__7 _355\"></span>eprises li<span class=\"__7 _355\"></span>\u00e9es non con<span class=\"__7 _355\"></span>solid\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d3_1 y44f_2 w17f_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">80.<span class=\"__7 _361\"></span>770<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d4_1 y44f_2 w23a_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.013<span class=\"__7 _355\"></span>.2<span class=\"__7 _355\"></span>76<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y450_2 w181_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dividende<span class=\"__7 _355\"></span>s re\u00e7us d\u2019<span class=\"__7 _358\"></span>entr<span class=\"__7 _355\"></span>eprises a<span class=\"__7 _355\"></span>ssoci\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d5_1 y450_2 w182_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">7<span class=\"__7 _358\"></span>.500<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d6_1 y450_2 w183_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5.614<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y451_2 w23b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats r<span class=\"__7 _355\"></span>e\u00e7us d\u2019<span class=\"__7 _358\"></span>entr<span class=\"__7 _355\"></span>eprises li\u00e9<span class=\"__7 _355\"></span>es non con<span class=\"__7 _355\"></span>solid\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d7_1 y451_2 w23c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.28<span class=\"__7 _355\"></span>9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d8_1 y451_2 w190_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.228<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y452_2 w23d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats p<span class=\"__7 _355\"></span>ay\u00e9s aux en<span class=\"__7 _355\"></span>trepri<span class=\"__7 _355\"></span>ses li\u00e9es n<span class=\"__7 _355\"></span>on consolid\u00e9<span class=\"__7 _355\"></span>es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d9_1 y452_2 w195_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls32_7 ws56_5\">-27<span class=\"__7 _359\"></span>0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2da_1 y452_2 w196_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-841<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y453_2 w23e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Services pre<span class=\"__7 _355\"></span>st\u00e9s a<span class=\"__7 _355\"></span>ux entre<span class=\"__7 _355\"></span>prises li\u00e9e<span class=\"__7 _355\"></span>s non consoli<span class=\"__7 _355\"></span>d\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2db_1 y453_2 w23f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls6_7 ws5_7\">3.<span class=\"__7 _359\"></span>289<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2dc_1 y453_2 w240_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.82<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y454_2 w241_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Services re\u00e7<span class=\"__7 _355\"></span>us des en<span class=\"__7 _355\"></span>treprise<span class=\"__7 _355\"></span>s li\u00e9es non con<span class=\"__7 _355\"></span>solid\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2dd_1 y454_2 w242_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-1.44<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2de_1 y454_2 w243_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-1.268<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y456_2 w244_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R<span class=\"__7 _355\"></span>\u00e9mun\u00e9ra<span class=\"__7 _355\"></span>tion des principaux dirigea<span class=\"__7 _355\"></span>nts</div><div class=\"t_7 m2_7 x2df_1 h14_7 y455_2 ff2_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">1<span class=\"__7 _357\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y457_2 w245_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9m<span class=\"__7 _355\"></span>un\u00e9ra<span class=\"__7 _355\"></span>tion brute fix<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e0_1 y457_2 w246_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.2<span class=\"__7 _355\"></span>41<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e1_1 y457_2 w247_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.<span class=\"__7 _355\"></span>585<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ec_3 w248_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9m<span class=\"__7 _355\"></span>un\u00e9ra<span class=\"__7 _355\"></span>tion brute v<span class=\"__7 _355\"></span>ariable<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e2_1 y3ec_3 wbf_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">4.285<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e3_1 y3ec_3 w249_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3.2<span class=\"__7 _355\"></span>69<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ed_3 w24a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _c7\"></span>anti\u00e8m<span class=\"__7 _355\"></span>es et jet<span class=\"__7 _355\"></span>ons de pr<span class=\"__7 _355\"></span>\u00e9sence<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e4_1 y3ed_3 w24b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.539<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e5_1 y3ed_3 w24c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.263<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y43c_2 w24d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Assur<span class=\"__7 _355\"></span>ance de gr<span class=\"__7 _355\"></span>oupe, ho<span class=\"__7 _355\"></span>spitalisa<span class=\"__7 _355\"></span>tion et soin<span class=\"__7 _355\"></span>s de sant<span class=\"__7 _355\"></span>\u00e9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e6_1 y43c_2 w24e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">925<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e7_1 y43c_2 w24f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls48_5 ws47_5\">51<span class=\"__7 _359\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y441_2 w250_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Char<span class=\"__7 _355\"></span>ges li\u00e9es aux p<span class=\"__7 _355\"></span>aiement<span class=\"__7 _355\"></span>s fond\u00e9s sur de<span class=\"__7 _355\"></span>s action<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e8_1 y441_2 w251_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls36_6 ws5b_5\">5.34<span class=\"__7 _359\"></span>0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e9_1 y441_2 w252_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">4.296<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y458_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Donn\u00e9es r<span class=\"__7 _355\"></span>elativ<span class=\"__7 _355\"></span>es aux tr<span class=\"__7 _355\"></span>ansacti<span class=\"__7 _355\"></span>ons significa<span class=\"__7 _355\"></span>tives, en<span class=\"__7 _355\"></span>tre de<span class=\"__7 _355\"></span>s </td><td class=\"c_2 n_2 x226_1 y459_2 w253_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls33_7 ws57_5\">N\u00e9<span class=\"__7 _359\"></span>ant<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ea_1 y459_2 w254_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls33_7 ws57_5\">N\u00e9<span class=\"__7 _359\"></span>ant<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y45a_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">parties li<span class=\"__7 _355\"></span>\u00e9es, effec<span class=\"__7 _355\"></span>tu\u00e9es en dehor<span class=\"__7 _355\"></span>s des condition<span class=\"__7 _355\"></span>s du mar<span class=\"__7 _355\"></span>ch\u00e9<span class=\"__7 _357\"> </span></td><td></td><td></td></tr></table>En c<span class=\"__7 _355\"></span>e qui concerne le<span class=\"__7 _355\"></span>s cr\u00e9a<span class=\"__7 _355\"></span>nces sur e<span class=\"__7 _355\"></span>t les dett<span class=\"__7 _355\"></span>es envers de<span class=\"__7 _355\"></span>s soci\u00e9t<span class=\"__7 _355\"></span>\u00e9s li\u00e9es n<span class=\"__7 _355\"></span>on consoli<span class=\"__7 _355\"></span>d\u00e9es, il s\u2019<span class=\"__7 _361\"></span>agit essen<span class=\"__7 _355\"></span>tiellemen<span class=\"__7 _355\"></span>t de pr\u00eat<span class=\"__7 _355\"></span>s et d\u00e9p\u00f4ts en<span class=\"__7 _355\"></span>tre So<span class=\"__7 _355\"></span>fina et ses filia<span class=\"__7 _355\"></span>les. L<span class=\"__7 _355\"></span>es m\u00e9<span class=\"__7 _355\"></span>thodes de r<span class=\"__7 _355\"></span>\u00e9mun\u00e9ra<span class=\"__7 _355\"></span>tion de ceux-ci son<span class=\"__7 _355\"></span>t d\u00e9taill\u00e9es a<span class=\"__7 _355\"></span>u point 3<span class=\"__7 _355\"></span>.9 ci-de<span class=\"__7 _355\"></span>ssus.<span class=\"__7 _357\"> </span>En ce q<span class=\"__7 _355\"></span>ui concerne le<span class=\"__7 _355\"></span>s ser<span class=\"__7 _359\"></span>vices pr<span class=\"__7 _355\"></span>est<span class=\"__7 _355\"></span>\u00e9s, ils inc<span class=\"__7 _355\"></span>luent e<span class=\"__7 _355\"></span>ssentiellem<span class=\"__7 _355\"></span>ent des pr<span class=\"__7 _355\"></span>esta<span class=\"__7 _355\"></span>tions de s<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>vices d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t et de con<span class=\"__7 _355\"></span>seil en inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>t rela<span class=\"__7 _355\"></span>tifs \u00e0 des opportunit<span class=\"__7 _355\"></span>\u00e9s d\u2019inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>t et aux inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>ts d\u00e9t<span class=\"__7 _355\"></span>enus pa<span class=\"__7 _355\"></span>r le b\u00e9n\u00e9ficiair<span class=\"__7 _355\"></span>e de ser<span class=\"__7 _359\"></span>vice<span class=\"__7 _355\"></span>s. En c<span class=\"__7 _355\"></span>e qui concerne le<span class=\"__7 _355\"></span>s ser<span class=\"__7 _359\"></span>vices r<span class=\"__7 _355\"></span>e\u00e7us<span class=\"__7 _355\"></span>, il s\u2019<span class=\"__7 _355\"></span>agit essen<span class=\"__7 _355\"></span>tiellemen<span class=\"__7 _355\"></span>t de pre<span class=\"__7 _355\"></span>stati<span class=\"__7 _355\"></span>ons de services de ges<span class=\"__7 _355\"></span>tion de tr\u00e9<span class=\"__7 _355\"></span>sorerie<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>Sofina s\u2019<span class=\"__7 _c7\"></span>est port\u00e9e gar<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>te des enga<span class=\"__7 _355\"></span>gements de s<span class=\"__7 _355\"></span>es soci\u00e9t<span class=\"__7 _355\"></span>\u00e9s li\u00e9es n<span class=\"__7 _355\"></span>on consoli<span class=\"__7 _355\"></span>d\u00e9es (c\u2019<span class=\"__7 _358\"></span>est-\u00e0-dir<span class=\"__7 _355\"></span>e ses filiale<span class=\"__7 _355\"></span>s).<span class=\"__7 _357\"> </span>Struc<span class=\"__7 _355\"></span>tur<span class=\"__7 _355\"></span>e de l\u2019<span class=\"__7 _355\"></span>actionna<span class=\"__7 _355\"></span>riat<span class=\"__7 _357\"> </span>Union Fina<span class=\"__7 _355\"></span>nci\u00e8r<span class=\"__7 _355\"></span>e Bo\u00ebl SA, Soci\u00e9t<span class=\"__7 _355\"></span>\u00e9 de P<span class=\"__7 _355\"></span>articipa<span class=\"__7 _355\"></span>tions Ind<span class=\"__7 _355\"></span>ustrielle<span class=\"__7 _355\"></span>s SA et Mobili<span class=\"__7 _355\"></span>\u00e8re et Immob<span class=\"__7 _355\"></span>ili\u00e8re<span class=\"__7 _355\"></span> du Cen<span class=\"__7 _355\"></span>tre SA f<span class=\"__7 _355\"></span>ormen<span class=\"__7 _355\"></span>t un consortium au sen<span class=\"__7 _355\"></span>s de l\u2019<span class=\"__7 _361\"></span>article 1:19 du CSA (ensem<span class=\"__7 _355\"></span>ble l\u2019\u00ab Actionnair<span class=\"__7 _355\"></span>e de R<span class=\"__7 _355\"></span>\u00e9f\u00e9r<span class=\"__7 _355\"></span>ence \u00bb).<span class=\"__7 _357\"> </span>Il re<span class=\"__7 _355\"></span>ssort de la derni\u00e8r<span class=\"__7 _355\"></span>e d\u00e9clar<span class=\"__7 _355\"></span>ation f<span class=\"__7 _355\"></span>aite le 2<span class=\"__7 _355\"></span>0 ao\u00fbt 2<span class=\"__7 _355\"></span>025 p<span class=\"__7 _355\"></span>ar l\u2019<span class=\"__7 _361\"></span>Actionnair<span class=\"__7 _355\"></span>e de R<span class=\"__7 _355\"></span>\u00e9f\u00e9r<span class=\"__7 _355\"></span>ence en applica<span class=\"__7 _355\"></span>tion de l\u2019<span class=\"__7 _361\"></span>article 7<span class=\"__7 _358\"></span>4 de la loi du 1er a<span class=\"__7 _355\"></span>vril 200<span class=\"__7 _361\"></span>7 sur les offre<span class=\"__7 _355\"></span>s publiques d\u2019<span class=\"__7 _361\"></span>acquisiti<span class=\"__7 _355\"></span>on que les soci\u00e9<span class=\"__7 _355\"></span>t\u00e9s f<span class=\"__7 _355\"></span>orman<span class=\"__7 _355\"></span>t l\u2019<span class=\"__7 _361\"></span>Actionnair<span class=\"__7 _355\"></span>e de R\u00e9<span class=\"__7 _355\"></span>f\u00e9r<span class=\"__7 _355\"></span>ence d\u00e9ten<span class=\"__7 _355\"></span>aient a<span class=\"__7 _355\"></span>u 7 octobr<span class=\"__7 _355\"></span>e 20<span class=\"__7 _355\"></span>25 des ac<span class=\"__7 _355\"></span>tions de la Soci\u00e9t\u00e9 comm<span class=\"__7 _355\"></span>e suit<span class=\"__7 gs8_2\"> </span>:<span class=\"__7 _357\"> </span><table class=\"s_2 w226_1 h3d_1\" id=\"_53264a64-c54f-40b7-82fc-4e21da05d1de\"><tr><td></td><td class=\"t_7 m2_7 x15a_1 h4_7 y445_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE </td><td class=\"t_7 m2_7 x2c5_1 h4_7 y445_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">% DE </td></tr><tr><td></td><td class=\"t_7 m2_7 x15e_1 h4_7 y446_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">D'<span class=\"__7 _355\"></span>ACTIONS<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x2c6_1 h4_7 y446_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">P<span class=\"__7 _361\"></span>ART<span class=\"__7 _359\"></span>ICIP<span class=\"__7 _361\"></span>A<span class=\"__7 _361\"></span>TION<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x84_5 y447_2 w227_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Union Fina<span class=\"__7 _355\"></span>nci\u00e8re B<span class=\"__7 _355\"></span>o\u00ebl SA<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c7_1 y447_2 w228_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">8.225.<span class=\"__7 _355\"></span>068<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c8_1 y447_2 w229_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">22,41%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y448_2 w22a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Soci\u00e9t<span class=\"__7 _355\"></span>\u00e9 de P<span class=\"__7 _355\"></span>articipation<span class=\"__7 _355\"></span>s Indu<span class=\"__7 _355\"></span>strielles SA<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c9_1 y448_2 w22b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.092.485<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ca_1 y448_2 w22c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>4,<span class=\"__7 _355\"></span>78%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y449_2 w22d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mobili\u00e8r<span class=\"__7 _355\"></span>e et Immobili<span class=\"__7 _355\"></span>\u00e8re du C<span class=\"__7 _355\"></span>entre SA<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cb_1 y449_2 w22e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.<span class=\"__7 _355\"></span>717<span class=\"__7 _361\"></span>.<span class=\"__7 _361\"></span>108<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cc_1 y449_2 w22f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">7<span class=\"__7 _361\"></span>,40%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y44a_2 w230_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sous-t<span class=\"__7 _355\"></span>otal de l\u2019<span class=\"__7 _361\"></span>Actionnair<span class=\"__7 _355\"></span>e de R\u00e9<span class=\"__7 _355\"></span>f\u00e9renc<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cd_1 y44a_2 w231_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>0.<span class=\"__7 _355\"></span>034.661<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ce_1 y44a_2 w232_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">54,60%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y44b_2 w233_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sofina SA (ac<span class=\"__7 _355\"></span>tions pr<span class=\"__7 _355\"></span>opres)<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cf_1 y44b_2 w234_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _355\"></span>149<span class=\"__7 _355\"></span>.306<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d0_1 y44b_2 w235_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3,<span class=\"__7 _361\"></span>13%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w236_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4b_5 ws65_4\">To<span class=\"__7 _356\"></span>t<span class=\"__7 _364\"></span>a<span class=\"__7 _356\"></span>l<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d1_1 y35f_3 w237_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">21.<span class=\"__7 _361\"></span>183<span class=\"__7 _355\"></span>.96<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d2_1 y35f_3 w238_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls1c_7 ws21_7\">5<span class=\"__7 _359\"></span>7,<span class=\"__7 _356\"></span>7<span class=\"__7 _359\"></span>3<span class=\"__7 _356\"></span>%<span class=\"__7 _357\"> </span></div></td></tr></table>Au 3<span class=\"__7 _355\"></span>1 d\u00e9cembr<span class=\"__7 _355\"></span>e 20<span class=\"__7 _355\"></span>25, So<span class=\"__7 _355\"></span>fina d\u00e9tenait 1.2<span class=\"__7 _361\"></span>35.303 ac<span class=\"__7 _355\"></span>tions pr<span class=\"__7 _355\"></span>opre<span class=\"__7 _355\"></span>s repr<span class=\"__7 _355\"></span>\u00e9sen<span class=\"__7 _355\"></span>tant 3<span class=\"__7 _355\"></span>,3<span class=\"__7 _361\"></span>7% de son capit<span class=\"__7 _355\"></span>al social.<span class=\"__7 _357\"> </span>R<span class=\"__7 _355\"></span>\u00e9mun\u00e9r<span class=\"__7 _355\"></span>ation de<span class=\"__7 _355\"></span>s Commi<span class=\"__7 _355\"></span>ssaire<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span><table class=\"s_2 w255_1 h3f\" id=\"_6bedfccb-ae61-4911-b5ad-5126c0750847\"><tr><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x2ec_1 h3_7 y45b_2 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"c_2 n_2 x2ed_1 y45c_2 w18a_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ee_1 y45c_2 w1d6_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">20<span class=\"__7 _359\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x2ef_1 y45d_2 w256_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mission<span class=\"__7 _355\"></span>s r\u00e9<span class=\"__7 _355\"></span>visorale<span class=\"__7 _355\"></span>s effectu\u00e9<span class=\"__7 _355\"></span>es par le Commi<span class=\"__7 _355\"></span>ssaire<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f0_1 y45d_2 wdb_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">119<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f1_1 y45d_2 w257_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">115<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y45e_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es mission<span class=\"__7 _355\"></span>s ext\u00e9rie<span class=\"__7 _355\"></span>ures \u00e0 l<span class=\"__7 _355\"></span>a mission r\u00e9<span class=\"__7 _355\"></span>visora<span class=\"__7 _355\"></span>le effectu\u00e9<span class=\"__7 _355\"></span>es </td><td class=\"c_2 n_2 x2f3_1 y45f_2 w258_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4c_5 ws87_1\">1<span class=\"__7 _359\"></span>73<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f4_1 y45f_2 w259_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">16<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y460_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">par le r<span class=\"__7 _355\"></span>\u00e9seau du C<span class=\"__7 _355\"></span>ommissair<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y461_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es mission<span class=\"__7 _355\"></span>s ext\u00e9rie<span class=\"__7 _355\"></span>ures \u00e0 l<span class=\"__7 _355\"></span>a mission r\u00e9<span class=\"__7 _355\"></span>visora<span class=\"__7 _355\"></span>le effectu\u00e9<span class=\"__7 _355\"></span>es </td><td class=\"c_2 n_2 x2f5_1 y462_2 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f6_1 y462_2 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y463_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">par le r<span class=\"__7 _355\"></span>\u00e9seau du C<span class=\"__7 _355\"></span>ommissair<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x2ef_1 y464_2 w25a_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mission<span class=\"__7 _355\"></span>s r\u00e9<span class=\"__7 _355\"></span>visorale<span class=\"__7 _355\"></span>s effectu\u00e9<span class=\"__7 _355\"></span>es par le r<span class=\"__7 _355\"></span>\u00e9seau du C<span class=\"__7 _355\"></span>ommissaire<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f7_1 y464_2 w25b_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">760<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f8_1 y464_2 w25c_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls45_5 ws20_7\">412<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x2ef_1 y465_2 w25d_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mission<span class=\"__7 _355\"></span>s de conseil<span class=\"__7 _355\"></span>s fiscaux<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f9_1 y465_2 w1e_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2fa_1 y465_2 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w25e_1 h20_6\"><div class=\"t_7 m2_7 x80_5 h13_7 y466_2 ffb_2 fs8_7 fc4_7 sc0_7 ls1f_7 ws5e_5\">1\ue005</div></td><td class=\"c_2 n_2 x2fb_1 y35f_3 w25f_1 h20_6\"><div class=\"t_7 m2_7 x80_5 h13_7 y466_2 ffb_2 fs8_7 fc4_7 sc0_7 ls1f_7 ws5e_5\"><span class=\"__7 _365\"> </span><span class=\"__7 gsf0_1\"> </span><span class=\"__7 _8f_2\"></span>Suite\ue005\u00e0\ue005la\ue005di<span class=\"__7 _355\"></span>ssolution<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>C<span class=\"__7 _355\"></span>omit\u00e9<span class=\"__7 gs79_1\"> </span>ex<span class=\"__7 _355\"></span>\u00e9cutif,<span class=\"__7 gs79_1\"> </span>le<span class=\"__7 gs79_1\"> </span>C<span class=\"__7 _355\"></span>onseil<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>dir<span class=\"__7 _355\"></span>ection<span class=\"__7 gs79_1\"> </span>a<span class=\"__7 gs79_1\"> </span>\u00e9t\u00e9<span class=\"__7 gs79_1\"> </span>mis<span class=\"__7 gs79_1\"> </span>en<span class=\"__7 gs79_1\"> </span>pl<span class=\"__7 _355\"></span>ace<span class=\"__7 gs79_1\"> </span>en<span class=\"__7 gs79_1\"> </span>janvier<span class=\"__7 gs79_1\"> </span>2<span class=\"__7 _355\"></span>02<span class=\"__7 _361\"></span>4.<span class=\"__7 gs79_1\"> </span>Il<span class=\"__7 gs79_1\"> </span>comptait<span class=\"__7 gs79_1\"> </span>initialem<span class=\"__7 _355\"></span>ent<span class=\"__7 gs79_1\"> </span>qua<span class=\"__7 _355\"></span>tre<span class=\"__7 gs79_1\"> </span>membr<span class=\"__7 _355\"></span>es<span class=\"__7 gs79_1\"> </span>(hors<span class=\"__7 gs79_1\"> </span>CE<span class=\"__7 _355\"></span>O),<span class=\"__7 gs79_1\"> </span>puis<span class=\"__7 gs79_1\"> </span>cinq<span class=\"__7 gs79_1\"> </span>mem<span class=\"__7 _355\"></span>bres<span class=\"__7 gs79_1\"> </span>\u00e0<span class=\"__7 gs79_1\"> </span>comp<span class=\"__7 _355\"></span>ter<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>1er<span class=\"__7 gs79_1\"> </span>juille<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>20<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>4.<span class=\"__7 gs79_1\"> </span>\u00c0<span class=\"__7 gs79_1\"> </span>partir<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>1er<span class=\"__7 gs79_1\"> </span>janvier<span class=\"__7 gs79_1\"> </span>2<span class=\"__7 _355\"></span>025<span class=\"__7 _355\"></span>,<span class=\"__7 gs79_1\"> </span>la<span class=\"__7 gs79_1\"> </span>r\u00e9mun\u00e9r<span class=\"__7 _355\"></span>ation<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>C<span class=\"__7 _355\"></span>EO<span class=\"__7 gs79_1\"> </span></div></td><td></td><td></td><td></td></tr></table>et<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>autr<span class=\"__7 _355\"></span>es<span class=\"__7 gs79_1\"> </span>membr<span class=\"__7 _355\"></span>es<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>Con<span class=\"__7 _355\"></span>seil<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>directi<span class=\"__7 _355\"></span>on<span class=\"__7 gs79_1\"> </span>a<span class=\"__7 gs79_1\"> </span>\u00e9t\u00e9<span class=\"__7 gs79_1\"> </span>re<span class=\"__7 _355\"></span>vue,<span class=\"__7 gs79_1\"> </span>ave<span class=\"__7 _355\"></span>c<span class=\"__7 gs79_1\"> </span>une<span class=\"__7 gs79_1\"> </span>r\u00e9ducti<span class=\"__7 _355\"></span>on<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>salaire<span class=\"__7 gs79_1\"> </span>fix<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>et<span class=\"__7 gs79_1\"> </span>l\u2019intr<span class=\"__7 _355\"></span>oduction<span class=\"__7 gs79_1\"> </span>d\u2019un<span class=\"__7 gs79_1\"> </span>incit<span class=\"__7 _355\"></span>ant<span class=\"__7 gs79_1\"> </span>\u00e0<span class=\"__7 gs79_1\"> </span>court<span class=\"__7 gs79_1\"> </span>t<span class=\"__7 _355\"></span>erme<span class=\"__7 gs79_1\"> </span>(\u00ab\u202fSTI\u202f\u00bb).<span class=\"__7 gs79_1\"> </span>L<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>salaire<span class=\"__7 gs79_1\"> </span>fix<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>r\u00e9duit,<span class=\"__7 gs79_1\"> </span>c<span class=\"__7 _355\"></span>ombin\u00e9<span class=\"__7 gs79_1\"> </span>au<span class=\"__7 gs79_1\"> </span>S<span class=\"__7 _355\"></span>TI<span class=\"__7 gs79_1\"> </span>au<span class=\"__7 gs79_1\"> </span>niveau<span class=\"__7 gs79_1\"> </span>cible,<span class=\"__7 gs79_1\"> </span>e<span class=\"__7 _355\"></span>st<span class=\"__7 gs79_1\"> </span>\u00e9quivalen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>au<span class=\"__7 gs79_1\"> </span>salair<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>fixe<span class=\"__7 gs79_1\"> </span>pr\u00e9c<span class=\"__7 _355\"></span>\u00e9dent.<span class=\"__7 _357\"> </span>3.<span class=\"__7 _358\"></span>19 PLAN D<span class=\"__7 _355\"></span>\u2019OP<span class=\"__7 _355\"></span>TION SU<span class=\"__7 _355\"></span>R A<span class=\"__7 _355\"></span>CTION<span class=\"__7 _355\"></span>S DU PE<span class=\"__7 _355\"></span>RS<span class=\"__7 _355\"></span>ONN<span class=\"__7 _355\"></span>EL<span class=\"__7 _358\"></span> <span class=\"__7 _364\"></span>  Na<span class=\"__7 _355\"></span>tur<span class=\"__7 _355\"></span>e et port\u00e9e des ac<span class=\"__7 _355\"></span>cord<span class=\"__7 _355\"></span>s  L<span class=\"__7 _355\"></span>e groupe So<span class=\"__7 _355\"></span>fina propo<span class=\"__7 _355\"></span>se \u00e0 ses membr<span class=\"__7 _355\"></span>es du per<span class=\"__7 _355\"></span>sonnel 1 des pla<span class=\"__7 _355\"></span>ns d\u2019<span class=\"__7 _358\"></span>option<span class=\"__7 _355\"></span>s sur action<span class=\"__7 _355\"></span>s Sofina. Ce<span class=\"__7 _355\"></span>s options son<span class=\"__7 _355\"></span>t exer<span class=\"__7 _355\"></span>\u00e7ables a<span class=\"__7 _355\"></span>u plus t\u00f4<span class=\"__7 _355\"></span>t le 1<span class=\"__7 _357\"> </span>er janvi<span class=\"__7 _355\"></span>er de la quatri<span class=\"__7 _355\"></span>\u00e8me ann\u00e9e civile qui suit celle a<span class=\"__7 _355\"></span>u cours de l<span class=\"__7 _355\"></span>aquelle l\u2019<span class=\"__7 _361\"></span>offre a eu lie<span class=\"__7 _355\"></span>u, et au plu<span class=\"__7 _355\"></span>s tar<span class=\"__7 _355\"></span>d jus<span class=\"__7 _355\"></span>qu\u2019<span class=\"__7 _355\"></span>\u00e0 la veille du dixi<span class=\"__7 _355\"></span>\u00e8me anniver<span class=\"__7 _355\"></span>saire du j<span class=\"__7 _355\"></span>our de l\u2019<span class=\"__7 _361\"></span>offre<span class=\"__7 _355\"></span>.<span class=\"__7 _359\"></span> L<span class=\"__7 _355\"></span>e mode de r\u00e8glem<span class=\"__7 _355\"></span>ent des pla<span class=\"__7 _355\"></span>ns d\u2019<span class=\"__7 _358\"></span>option<span class=\"__7 _355\"></span>s se fait uniquemen<span class=\"__7 _355\"></span>t en action<span class=\"__7 _355\"></span>s Sofina e<span class=\"__7 _355\"></span>xistan<span class=\"__7 _355\"></span>tes<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>La Soci\u00e9t<span class=\"__7 _355\"></span>\u00e9 veille \u00e0 tout m<span class=\"__7 _355\"></span>oment \u00e0 d\u00e9t<span class=\"__7 _355\"></span>enir le nombr<span class=\"__7 _355\"></span>e d\u2019<span class=\"__7 _355\"></span>action<span class=\"__7 _355\"></span>s propre<span class=\"__7 _355\"></span>s n\u00e9ces<span class=\"__7 _355\"></span>saire pour co<span class=\"__7 _355\"></span>uvrir les diff\u00e9ren<span class=\"__7 _355\"></span>ts plan<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _361\"></span>option<span class=\"__7 _355\"></span>s.<span class=\"__7 _357\"> </span><table class=\"s_2 w260_1 h40\" id=\"_f5a44f98-37c4-4f0e-ab53-b9c197b580dd\"><tr><td class=\"c_2 n_2 x84_5 y467_2 w261_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">OPTIONS A<span class=\"__7 _361\"></span>T<span class=\"__7 _359\"></span>T<span class=\"__7 _359\"></span>RIBU\u00c9ES<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2fc_1 y467_2 w262_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE</div></td><td class=\"t_7 m2_7 x2fd_1 h4_7 y468_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">PRIX D'EXERCICE MOYEN </td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2fe_1 h4_7 y469_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">PON<span class=\"__7 _355\"></span>D\u00c9R\u00c9 (EN EU<span class=\"__7 _355\"></span>R)<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x84_5 y46a_2 w263_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Ex<span class=\"__7 _355\"></span>er\u00e7ables au 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>4<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ff_1 y46a_2 w264_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">39<span class=\"__7 _355\"></span>1.500<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x300_1 y46a_2 w265_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">196,<span class=\"__7 _355\"></span>06<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y46b_2 w266_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">En cir<span class=\"__7 _355\"></span>culation a<span class=\"__7 _355\"></span>u 01/<span class=\"__7 _355\"></span>0<span class=\"__7 _355\"></span>1/2<span class=\"__7 _355\"></span>025<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x301_1 y46b_2 w267_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">990.34<span class=\"__7 _355\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x302_1 y46b_2 w268_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>36,50<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y46c_2 w269_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Attribu\u00e9es</div><div class=\"t_7 m2_7 x303_1 hf_7 y377_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">2<span class=\"__7 _357\"> </span></div><div class=\"t_7 m2_7 x304_1 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">dur<span class=\"__7 _355\"></span>ant l\u2019<span class=\"__7 _358\"></span>ex<span class=\"__7 _355\"></span>ercice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x305_1 y46c_2 w26a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">190<span class=\"__7 _355\"></span>.605<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x306_1 y46c_2 wc5_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">219<span class=\"__7 _355\"></span>,61<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y46d_2 w26b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Exer<span class=\"__7 _355\"></span>c\u00e9es du<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>t l\u2019<span class=\"__7 _361\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x307_1 y46d_2 w26c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-36.<span class=\"__7 _361\"></span>705<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x308_1 y46d_2 w26d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">158,<span class=\"__7 _361\"></span>15<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y46e_2 w26e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Ren<span class=\"__7 _355\"></span>onc\u00e9es du<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>t l\u2019<span class=\"__7 _361\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x309_1 y46e_2 w19_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x30a_1 y46e_2 w26f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">0,00<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y46f_2 w270_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Expir<span class=\"__7 _355\"></span>\u00e9es dur<span class=\"__7 _355\"></span>ant l\u2019<span class=\"__7 _358\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x30b_1 y46f_2 w271_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-10.<span class=\"__7 _355\"></span>500<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x30c_1 y46f_2 w157_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">342,40<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y470_2 w272_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">En cir<span class=\"__7 _355\"></span>culation a<span class=\"__7 _355\"></span>u 31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x30d_1 y470_2 w76_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _355\"></span>133.<span class=\"__7 _361\"></span>7<span class=\"__7 _361\"></span>41<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x30e_1 y470_2 w16e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">222,<span class=\"__7 _361\"></span>15<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w273_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Ex<span class=\"__7 _355\"></span>er\u00e7ables au 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _355\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x30f_1 y35f_3 w274_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">50<span class=\"__7 _361\"></span>7<span class=\"__7 _361\"></span>.845<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x310_1 y35f_3 w275_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>54,35<span class=\"__7 _357\"> </span></div></td></tr></table>L<span class=\"__7 _355\"></span>e prix moyen pond\u00e9r<span class=\"__7 _355\"></span>\u00e9 des acti<span class=\"__7 _355\"></span>ons, \u00e0 la d<span class=\"__7 _355\"></span>ate d\u2019<span class=\"__7 _358\"></span>ex<span class=\"__7 _355\"></span>ercice de<span class=\"__7 _355\"></span>s options e<span class=\"__7 _355\"></span>xer<span class=\"__7 _355\"></span>c\u00e9es du<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>t l\u2019<span class=\"__7 _355\"></span>ann\u00e9e<span class=\"__7 _355\"></span>, est de 260<span class=\"__7 _355\"></span>,36 EUR.<span class=\"__7 _357\"> </span>La fo<span class=\"__7 _355\"></span>urche<span class=\"__7 _355\"></span>tte de prix d\u2019<span class=\"__7 _358\"></span>exer<span class=\"__7 _355\"></span>cice des 1.<span class=\"__7 _358\"></span>133.<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>41 op<span class=\"__7 _355\"></span>tions en cir<span class=\"__7 _355\"></span>culati<span class=\"__7 _355\"></span>on au 31 d\u00e9c<span class=\"__7 _355\"></span>embre 2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>5 est de 12<span class=\"__7 _355\"></span>7<span class=\"__7 _358\"></span>,38 EUR \u00e0 383<span class=\"__7 _355\"></span>,21 EUR (v<span class=\"__7 _355\"></span>oir tablea<span class=\"__7 _355\"></span>u ci-dessou<span class=\"__7 _355\"></span>s) et la dur<span class=\"__7 _355\"></span>\u00e9e de vie con<span class=\"__7 _355\"></span>tract<span class=\"__7 _355\"></span>uelle r\u00e9sid<span class=\"__7 _355\"></span>uelle moyenne pon<span class=\"__7 _355\"></span>d\u00e9r\u00e9e es<span class=\"__7 _355\"></span>t de<span class=\"__7 _359\"></span> six ann\u00e9e<span class=\"__7 _355\"></span>s av<span class=\"__7 _355\"></span>ec une fou<span class=\"__7 _355\"></span>rche<span class=\"__7 _355\"></span>tte d\u2019<span class=\"__7 _361\"></span>ex<span class=\"__7 _355\"></span>ercic<span class=\"__7 _355\"></span>e des option<span class=\"__7 _355\"></span>s alla<span class=\"__7 _355\"></span>nt de z\u00e9r<span class=\"__7 _355\"></span>o \u00e0 neuf a<span class=\"__7 _355\"></span>nn\u00e9es.<span class=\"__7 _357\"> </span><table class=\"s_2 w276_1 h41\" id=\"_af308686-e117-49a8-bfd1-b8c5732e6c9d\"><tr><td class=\"t_7 m2_7 x27b_1 h4_7 y471_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">FO<span class=\"__7 _355\"></span>URCHETTE DE P<span class=\"__7 _355\"></span>RIX D'EXE<span class=\"__7 _355\"></span>RCIC<span class=\"__7 _355\"></span>E DE<span class=\"__7 _355\"></span>S OPTION<span class=\"__7 _355\"></span>S </td><td></td><td class=\"t_7 m2_7 x311_1 h4_7 y472_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x2a0_1 h4_7 y471_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">PRIX D'EXERCICE MOYEN </td></tr><tr><td class=\"t_7 m2_7 x27b_1 h4_7 y473_2 ff2_7 fs3_7 fc2_7 sc0_7 ls17_7 ws1b_7\">AT<span class=\"__7 _364\"></span>T<span class=\"__7 _356\"></span>R<span class=\"__7 _356\"></span>I<span class=\"__7 _356\"></span>B<span class=\"__7 _356\"></span>U<span class=\"__7 _364\"></span>\u00c9<span class=\"__7 _356\"></span>E<span class=\"__7 _359\"></span>S<span class=\"__7 _357\"> </span></td><td></td><td></td><td class=\"t_7 m2_7 x312_1 h4_7 y473_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">PON<span class=\"__7 _355\"></span>D\u00c9R\u00c9 (EN EU<span class=\"__7 _355\"></span>R)<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x84_5 y474_2 w277_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">10<span class=\"__7 _355\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x313_1 y474_2 w278_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">EUR \u00e0 150 EUR<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x314_1 y474_2 w279_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">44.550<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x315_1 y474_2 w27a_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">12<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>,38<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f5_3 w27b_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">15<span class=\"__7 _355\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x316_1 y3f5_3 w27c_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">EUR \u00e0 200 EU<span class=\"__7 _355\"></span>R<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x317_1 y3f5_3 w27d_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">384.2<span class=\"__7 _355\"></span>36<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x318_1 y3f5_3 w27e_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls29_7 ws4c_5\">18<span class=\"__7 _359\"></span>9,9<span class=\"__7 _359\"></span>2<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f0_3 w27f_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">2<span class=\"__7 _355\"></span>00<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x319_1 y3f0_3 w280_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">EUR \u00e0 250 EUR<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x31a_1 y3f0_3 w281_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5<span class=\"__7 _355\"></span>15.905<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x31b_1 y3f0_3 w282_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">219<span class=\"__7 _355\"></span>,84<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y397_3 w283_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">350<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x31c_1 y397_3 w284_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">EUR \u00e0 400 EUR<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x31d_1 y397_3 w175_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">189<span class=\"__7 _361\"></span>.050<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x31e_1 y397_3 w285_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">38<span class=\"__7 _355\"></span>3,21<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w286_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">Option<span class=\"__7 _355\"></span>s en circula<span class=\"__7 _355\"></span>tion au 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _355\"></span>025<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x31f_1 y35f_3 w76_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _361\"></span>133.<span class=\"__7 _361\"></span>7<span class=\"__7 _355\"></span>41<span class=\"__7 _357\"> </span></div></td><td></td></tr></table>Ca<span class=\"__7 _355\"></span>lcul de la v<span class=\"__7 _355\"></span>aleur<span class=\"__7 _357\"> </span>Prix m<span class=\"__7 _355\"></span>oyen pond\u00e9r<span class=\"__7 _355\"></span>\u00e9 des opti<span class=\"__7 _355\"></span>ons attrib<span class=\"__7 _355\"></span>u\u00e9es 2 <span class=\"__7 _361\"></span>en <span class=\"__7 _361\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 gs109_1\"> </span><span class=\"__7 _361\"></span>: <span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>4,<span class=\"__7 _355\"></span>75 <span class=\"__7 _361\"></span>EUR. <span class=\"__7 _361\"></span>Le <span class=\"__7 _358\"></span>mod\u00e8le <span class=\"__7 _361\"></span>d\u2019<span class=\"__7 _361\"></span>\u00e9va<span class=\"__7 _355\"></span>lua<span class=\"__7 _355\"></span>tion <span class=\"__7 _361\"></span>utilis\u00e9 <span class=\"__7 _361\"></span>est <span class=\"__7 _361\"></span>le <span class=\"__7 _361\"></span>mod\u00e8le Blac<span class=\"__7 _355\"></span>k-Scholes. <span class=\"__7 _355\"></span>L<span class=\"__7 _355\"></span>es mo<span class=\"__7 _355\"></span>yennes <span class=\"__7 _355\"></span>pond\u00e9r\u00e9e<span class=\"__7 _355\"></span>s des <span class=\"__7 _355\"></span>principaux <span class=\"__7 _355\"></span>para<span class=\"__7 _355\"></span>m\u00e8tre<span class=\"__7 _355\"></span>s utilis\u00e9<span class=\"__7 _355\"></span>s pour <span class=\"__7 _355\"></span>les c<span class=\"__7 _355\"></span>alculs <span class=\"__7 _355\"></span>sont<span class=\"__7 gs109_1\"> </span>:<span class=\"__7 _357\"> </span><table class=\"s_2 w287_1 h42\" id=\"_bf080061-7392-46a7-b319-7ee28590bf99\"><tr><td></td><td class=\"t_7 m2_7 x320_1 h4_7 y475_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">PRIX DE L<span class=\"__7 _359\"></span>'<span class=\"__7 _355\"></span>ACTION </td><td class=\"t_7 m2_7 x321_1 h4_7 y475_2 ff2_7 fs3_7 fc2_7 sc0_7 ls24_7 ws36_5\">RENDEMEN<span class=\"__7 _359\"></span>T </td><td class=\"t_7 m2_7 x322_1 h4_7 y475_2 ff2_7 fs3_7 fc2_7 sc0_7 ls17_7 ws1b_7\">TA<span class=\"__7 _356\"></span>U<span class=\"__7 _356\"></span>X<span class=\"__7 _356\"></span> </td><td class=\"t_7 m2_7 x15e_1 h4_7 y476_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">V<span class=\"__7 _355\"></span>OLA<span class=\"__7 _361\"></span>TILIT\u00c9<span class=\"__7 _355\"></span> </td><td class=\"t_7 m2_7 x323_1 h4_7 y475_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">MA<span class=\"__7 _358\"></span>TURIT\u00c9 DE </td></tr><tr><td class=\"t_7 m2_7 x27b_1 h4_7 y477_2 ff2_7 fs3_7 fc2_7 sc0_7 ls50_5 ws92_1\">EXE<span class=\"__7 _359\"></span>RCICE<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x324_1 h4_7 y477_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">SO<span class=\"__7 _355\"></span>US-J<span class=\"__7 _355\"></span>AC<span class=\"__7 _355\"></span>ENTE (EN </td><td class=\"t_7 m2_7 x325_1 h4_7 y477_2 ff2_7 fs3_7 fc2_7 sc0_7 ls40_5 ws50_5\">SUR LE </td><td class=\"t_7 m2_7 x326_1 h4_7 y477_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">D'INT\u00c9<span class=\"__7 _355\"></span>R\u00caT </td><td class=\"t_7 m2_7 x327_1 h4_7 y478_2 ff2_7 fs3_7 fc2_7 sc0_7 ls2_7 ws0_7\">A<span class=\"__7 _361\"></span>T<span class=\"__7 _359\"></span>TENDUE </td><td class=\"t_7 m2_7 x15b_1 h4_7 y477_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">L'OPTION<span class=\"ls2_7 ws0_7\"> </span></td></tr><tr><td></td><td class=\"t_7 m2_7 x328_1 h4_7 y479_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">EUR)<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x158_1 h4_7 y479_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">DIVIDENDE </td><td class=\"t_7 m2_7 x329_1 h4_7 y479_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">SANS RISQUE</td><td></td><td class=\"t_7 m2_7 x323_1 h4_7 y479_2 ff2_7 fs3_7 fc2_7 sc0_7 ls24_7 ws38_5\"> (EN A<span class=\"__7 _359\"></span>NN\u00c9ES)<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x32a_1 y35f_3 w288_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls38_6 ws5f_5\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x32b_1 y35f_3 w289_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>19,<span class=\"__7 _355\"></span>61<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x32c_1 y35f_3 w28a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,44%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x32d_1 y35f_3 w28b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2,8<span class=\"__7 _355\"></span>3%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x32e_1 y35f_3 w28c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>,63%</div></td><td class=\"c_2 n_2 x32f_1 y35f_3 w28d_1 h43\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>6,<span class=\"__7 _355\"></span>6\ue064\ue064\ue064<span class=\"__7 _357\"> </span></div></td></tr></table>La vola<span class=\"__7 _355\"></span>tilit\u00e9 a \u00e9t<span class=\"__7 _355\"></span>\u00e9 calcul\u00e9e sur l<span class=\"__7 _355\"></span>a base des mo<span class=\"__7 _355\"></span>uvemen<span class=\"__7 _355\"></span>ts histori<span class=\"__7 _355\"></span>ques du co<span class=\"__7 _355\"></span>urs de l\u2019<span class=\"__7 _361\"></span>action Sofina a<span class=\"__7 _355\"></span>u cours de<span class=\"__7 _355\"></span>s<span class=\"__7 _359\"></span> 6,<span class=\"__7 _355\"></span>5 derni\u00e8re<span class=\"__7 _355\"></span>s ann\u00e9es (c<span class=\"__7 _355\"></span>e qui corre<span class=\"__7 _355\"></span>spond \u00e0 la dur<span class=\"__7 _355\"></span>\u00e9e moyenne de<span class=\"__7 _355\"></span>s plan<span class=\"__7 _355\"></span>s).<span class=\"__7 _359\"></span> Effet sur le r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span>La cha<span class=\"__7 _355\"></span>rge de 20<span class=\"__7 _355\"></span>25 en r<span class=\"__7 _355\"></span>elation a<span class=\"__7 _355\"></span>vec les pl<span class=\"__7 _355\"></span>ans d\u2019<span class=\"__7 _358\"></span>option<span class=\"__7 _355\"></span>s sur action<span class=\"__7 _355\"></span>s s\u2019<span class=\"__7 _361\"></span>\u00e9l\u00e8ve \u00e0 12.2<span class=\"__7 _355\"></span>53 millier<span class=\"__7 _355\"></span>s EUR (10.343 millier<span class=\"__7 _355\"></span>s<span class=\"__7 _359\"></span><span class=\"ls2_7 ws0_7\"> </span>EUR en 2<span class=\"__7 _355\"></span>02<span class=\"__7 _361\"></span>4).<span class=\"__7 _357\"> </span>3.2<span class=\"__7 _361\"></span>0 <span class=\"__7 _364\"></span>\u00c9V\u00c9<span class=\"__7 _355\"></span>NEM<span class=\"__7 _355\"></span>ENTS <span class=\"__7 _356\"></span>POS<span class=\"__7 _361\"></span>T\u00c9RIEUR<span class=\"__7 _361\"></span>S <span class=\"__7 _364\"></span>\u00c0 <span class=\"__7 _356\"></span>LA<span class=\"__7 gs17_1\"> </span>CL<span class=\"__7 _358\"></span>\u00d4TU<span class=\"__7 _355\"></span>RE<span class=\"__7 _357\"> </span>Depuis le d\u00e9b<span class=\"__7 _355\"></span>ut de l\u2019<span class=\"__7 _355\"></span>ann\u00e9e 2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>6, no<span class=\"__7 _355\"></span>us av<span class=\"__7 _355\"></span>ons pour<span class=\"__7 _355\"></span>suivi nos activit<span class=\"__7 _355\"></span>\u00e9s d\u2019inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>t et de d\u00e9sin<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>ve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t. L<span class=\"__7 _355\"></span>es principa<span class=\"__7 _355\"></span>les tra<span class=\"__7 _355\"></span>nsaction<span class=\"__7 _355\"></span>s compr<span class=\"__7 _355\"></span>ennent n<span class=\"__7 _355\"></span>os inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>ts dan<span class=\"__7 _355\"></span>s Cer<span class=\"__7 _355\"></span>ealis, le<span class=\"__7 _355\"></span> principa<span class=\"__7 _355\"></span>l acteur portugai<span class=\"__7 _355\"></span>s du secte<span class=\"__7 _355\"></span>ur des prod<span class=\"__7 _355\"></span>uits alimen<span class=\"__7 _355\"></span>taire<span class=\"__7 _355\"></span>s, et XB<span class=\"__7 _355\"></span>OW, une soci<span class=\"__7 _355\"></span>\u00e9t\u00e9 am<span class=\"__7 _355\"></span>\u00e9ricaine sp\u00e9ciali<span class=\"__7 _355\"></span>s\u00e9e dan<span class=\"__7 _355\"></span>s la s\u00e9curit\u00e9 o<span class=\"__7 _355\"></span>ffensiv<span class=\"__7 _355\"></span>e bas\u00e9e sur l\u2019in<span class=\"__7 _355\"></span>telligence a<span class=\"__7 _355\"></span>r<span class=\"__7 _359\"></span>tificielle<span class=\"__7 _355\"></span>. Nous a<span class=\"__7 _355\"></span>vons \u00e9ga<span class=\"__7 _355\"></span>lement ren<span class=\"__7 _355\"></span>for<span class=\"__7 _355\"></span>c\u00e9 nos inv<span class=\"__7 _355\"></span>estiss<span class=\"__7 _355\"></span>ements d<span class=\"__7 _355\"></span>ans The Wh<span class=\"__7 _355\"></span>ole T<span class=\"__7 _361\"></span>ruth, la plu<span class=\"__7 _355\"></span>s grande m<span class=\"__7 _355\"></span>arque in<span class=\"__7 _355\"></span>dienne de prod<span class=\"__7 _355\"></span>uits alimen<span class=\"__7 _355\"></span>taire<span class=\"__7 _355\"></span>s <span class=\"__7 _355\"></span>\u00ab\u202fclean <span class=\"__7 _355\"></span>label\u202f\u00bb <span class=\"__7 _361\"></span>\u00e0 l<span class=\"__7 _355\"></span>a c<span class=\"__7 _355\"></span>rois<span class=\"__7 _355\"></span>sance <span class=\"__7 _361\"></span>la pl<span class=\"__7 _355\"></span>us <span class=\"__7 _355\"></span>rap<span class=\"__7 _355\"></span>ide, <span class=\"__7 _355\"></span>ainsi <span class=\"__7 _361\"></span>que d<span class=\"__7 _355\"></span>ans <span class=\"__7 _361\"></span>PETKIT<span class=\"__7 _357\"> </span>\u00b3, une en<span class=\"__7 _355\"></span>trepris<span class=\"__7 _355\"></span>e de soin<span class=\"__7 _355\"></span>s pour anima<span class=\"__7 _355\"></span>ux en forte cr<span class=\"__7 _355\"></span>oissa<span class=\"__7 _355\"></span>nce en Chine. E<span class=\"__7 _355\"></span>nfin, no<span class=\"__7 _355\"></span>us av<span class=\"__7 _355\"></span>ons mon\u00e9<span class=\"__7 _355\"></span>tis\u00e9 une pa<span class=\"__7 _355\"></span>rtie de notr<span class=\"__7 _355\"></span>e inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>t dan<span class=\"__7 _355\"></span>s opseo<span class=\"__7 _355\"></span>, une soci\u00e9t<span class=\"__7 _355\"></span>\u00e9 active da<span class=\"__7 _355\"></span>ns le sec<span class=\"__7 _355\"></span>teur des s<span class=\"__7 _355\"></span>oins am<span class=\"__7 _355\"></span>bulat<span class=\"__7 _355\"></span>oire<span class=\"__7 _355\"></span>s, au tra<span class=\"__7 _355\"></span>ver<span class=\"__7 _355\"></span>s d\u2019une ce<span class=\"__7 _355\"></span>ssion partielle<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>1<span class=\"__7 gs79_1\"> </span><span class=\"__7 _365\"> </span>Sal<span class=\"__7 _355\"></span>ari\u00e9s<span class=\"__7 gs79_1\"> </span>et<span class=\"__7 gs79_1\"> </span>Chief<span class=\"__7 gs79_1\"> </span>Ex<span class=\"__7 _355\"></span>ecutive<span class=\"__7 gs79_1\"> </span>Officer<span class=\"__7 _361\"></span>.2<span class=\"__7 gs79_1\"> </span> Da<span class=\"__7 _355\"></span>te<span class=\"__7 gs79_1\"> </span>effectiv<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>apr\u00e8s<span class=\"__7 gs79_1\"> </span>les<span class=\"__7 gs79_1\"> </span>60<span class=\"__7 gs79_1\"> </span>j<span class=\"__7 _355\"></span>ours<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>la<span class=\"__7 gs79_1\"> </span>p\u00e9riode<span class=\"__7 gs79_1\"> </span>d\u2019<span class=\"__7 _361\"></span>accepta<span class=\"__7 _355\"></span>tion.<span class=\"__7 gs79_1\"> </span>3  <span class=\"__7 _367\"> </span>Un accor<span class=\"__7 _355\"></span>d de cession a \u00e9t<span class=\"__7 _355\"></span>\u00e9 sign\u00e9 mais la tr<span class=\"__7 _355\"></span>ansacti<span class=\"__7 _355\"></span>on n\u2019<span class=\"__7 _355\"></span>a pas encor<span class=\"__7 _355\"></span>e \u00e9t\u00e9 cl\u00f4t<span class=\"__7 _355\"></span>ur\u00e9e.3.21 L<span class=\"__7 _361\"></span>ISTE D<span class=\"__7 _355\"></span>E<span class=\"__7 _355\"></span>S FIL<span class=\"__7 _355\"></span>IA<span class=\"__7 _355\"></span>LE<span class=\"__7 _355\"></span>S ET ENTR<span class=\"__7 _355\"></span>EPRI<span class=\"__7 _355\"></span>SE<span class=\"__7 _355\"></span>S ASS<span class=\"__7 _361\"></span>OCI\u00c9E<span class=\"__7 _361\"></span>S<span class=\"__7 _357\"> </span><table class=\"s_2 w28e_1 h44\" id=\"_df048d48-5d7c-4201-a3fe-7a85f40d3320\"><tr><td></td><td></td><td></td><td class=\"c_2 n_2 x331_1 y47a_2 w28f_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">DRO<span class=\"__7 _355\"></span>ITS SOC<span class=\"__7 _355\"></span>IAUX D<span class=\"__7 _355\"></span>\u00c9TENUS<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x332_1 y47a_2 w28f_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">DROIT<span class=\"__7 _355\"></span>S SOCI<span class=\"__7 _355\"></span>AUX D\u00c9TE<span class=\"__7 _355\"></span>NUS<span class=\"__7 _357\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x333_1 h4_7 y47b_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">D\u00c9NOMINA<span class=\"__7 _361\"></span>TION E<span class=\"__7 _359\"></span>T SI\u00c8GE <span class=\"__7 _368\"> </span><span class=\"ls54_4 ws83_1\">LIEN<span class=\"__7 _357\"> </span></span></td><td class=\"t_7 m2_7 x334_1 h4_7 y47c_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE<span class=\"ls2_7 ws0_7\"> </span></td><td class=\"t_7 m2_7 x335_1 h4_7 y47d_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">% DE<span class=\"ls2_7 ws0_7\"> </span></td><td class=\"t_7 m2_7 x336_1 h4_7 y47c_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE<span class=\"ls2_7 ws0_7\"> </span></td><td class=\"t_7 m2_7 x337_1 h4_7 y47d_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">% DE<span class=\"ls2_7 ws0_7\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t_7 m2_7 x338_1 h4_7 y47e_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">D\u2019<span class=\"__7 _355\"></span>ACTIONS<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x339_1 h4_7 y47f_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">P<span class=\"__7 _361\"></span>ART<span class=\"__7 _359\"></span>ICIP<span class=\"__7 _361\"></span>A<span class=\"__7 _361\"></span>TION<span class=\"ls2_7 ws0_7\"> </span></td><td class=\"t_7 m2_7 x33a_1 h4_7 y47e_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">D\u2019<span class=\"__7 _355\"></span>ACTIONS<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x33b_1 h4_7 y47f_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">P<span class=\"__7 _361\"></span>ART<span class=\"__7 _359\"></span>ICIP<span class=\"__7 _361\"></span>A<span class=\"__7 _361\"></span>TION<span class=\"ls2_7 ws0_7\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x33c_1 h4_7 y480_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">AU 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _355\"></span>025<span class=\"__7 _357\"> </span></td><td></td><td class=\"t_7 m2_7 x33d_1 h4_7 y480_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">AU 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>4<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"t_7 m2_7 x333_1 h5_7 y481_2 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">A. FIL<span class=\"__7 _355\"></span>IA<span class=\"__7 _355\"></span>LE<span class=\"__7 _355\"></span>S D'INV<span class=\"__7 _355\"></span>ES<span class=\"__7 _355\"></span>TISSE<span class=\"__7 _355\"></span>MENT - \u00c0 LA JUS<span class=\"__7 _355\"></span>TE V<span class=\"__7 _361\"></span>ALEU<span class=\"__7 _355\"></span>R </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h5_7 y482_2 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Global E<span class=\"__7 _355\"></span>ducation H<span class=\"__7 _355\"></span>olding SA<span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x33e_1 y483_2 w290_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x33f_1 y483_2 w291_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>77<span class=\"__7 _361\"></span>.262<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x340_1 y483_2 w292_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">82,0<span class=\"__7 _361\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x341_1 y483_2 w291_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>77<span class=\"__7 _361\"></span>.262<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x342_1 y483_2 wb6_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">82,0<span class=\"__7 _355\"></span>1<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y484_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">12, rue L<span class=\"__7 _355\"></span>\u00e9on Lava<span class=\"__7 _355\"></span>l - L<span class=\"__7 _355\"></span>U-33<span class=\"__7 _355\"></span>72 L<span class=\"__7 _355\"></span>eudelan<span class=\"__7 _355\"></span>ge<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h5_7 y485_2 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">Sofina Asi<span class=\"__7 _355\"></span>a Priva<span class=\"__7 _355\"></span>te L<span class=\"__7 _361\"></span>td.<span class=\"ls2_7\"> </span></td><td class=\"c_2 n_2 x33e_1 y486_2 w293_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x343_1 y486_2 w294_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.2<span class=\"__7 _355\"></span>95.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x344_1 y486_2 w295_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x345_1 y486_2 w296_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _355\"></span>995.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x346_1 y486_2 w295_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x347_1 y487_2 w297_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">108<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x348_1 y487_2 w298_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Amoy S<span class=\"__7 _355\"></span>treet # 0<span class=\"__7 _355\"></span>3-01 - S<span class=\"__7 _355\"></span>G-069928 Sin<span class=\"__7 _355\"></span>gapour<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h5_7 y488_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sofina C<span class=\"__7 _355\"></span>apital SA<span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x33e_1 y489_1 w293_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x349_1 y489_1 w299_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls36_6 ws5b_5\">5.872.576<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x34a_1 y489_1 w295_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x34b_1 y489_1 w29a_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls36_6 ws5b_5\">5.872.5<span class=\"__7 _355\"></span>76<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x34c_1 y489_1 w29b_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y48a_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">12, rue L<span class=\"__7 _355\"></span>\u00e9on Lava<span class=\"__7 _355\"></span>l - L<span class=\"__7 _355\"></span>U-33<span class=\"__7 _355\"></span>72 L<span class=\"__7 _355\"></span>eudelan<span class=\"__7 _355\"></span>ge<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h5_7 y48b_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">Sofina Globa<span class=\"__7 _355\"></span>l SA SIF<span class=\"ls2_7\"> </span></td><td class=\"c_2 n_2 x33e_1 y48c_1 w290_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x34d_1 y48c_1 w29c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">17<span class=\"__7 _361\"></span>.500.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x34e_1 y48c_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x34f_1 y48c_1 w29d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">17<span class=\"__7 _358\"></span>.500.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x34c_1 y48c_1 w29b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y48d_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">12, rue L<span class=\"__7 _355\"></span>\u00e9on Lava<span class=\"__7 _355\"></span>l - L<span class=\"__7 _355\"></span>U-33<span class=\"__7 _355\"></span>72 L<span class=\"__7 _355\"></span>eudelan<span class=\"__7 _355\"></span>ge<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h5_7 y48e_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sofina Inv<span class=\"__7 _355\"></span>est SA<span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x33e_1 y48f_1 w293_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x350_1 y48f_1 w29e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">30.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x351_1 y48f_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x352_1 y48f_1 w29e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">30.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x353_1 y48f_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y490_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">12, rue L<span class=\"__7 _355\"></span>\u00e9on Lava<span class=\"__7 _355\"></span>l - L<span class=\"__7 _355\"></span>U-33<span class=\"__7 _355\"></span>72 L<span class=\"__7 _355\"></span>eudelan<span class=\"__7 _355\"></span>ge<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h19_7 y491_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">Sofina L<span class=\"__7 _361\"></span>ondon Limit<span class=\"ff5_7 ws3_7\">ed</span><span class=\"ff3_7 ls2_7\"> </span></td><td class=\"c_2 n_2 x33e_1 y492_1 w293_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x354_1 y492_1 w29f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">4.350.000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x355_1 y492_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x356_1 y492_1 w2a0_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">50<span class=\"__7 _355\"></span>.000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x357_1 y492_1 w29b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y493_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">7th Floor<span class=\"__7 _355\"></span>, 50 Br<span class=\"__7 _355\"></span>oadway - L<span class=\"__7 _361\"></span>ondon SW1H 0DB - R<span class=\"__7 _355\"></span>oyau<span class=\"__7 _355\"></span>me-Uni<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h19_7 y494_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">Sofina P<span class=\"__7 _355\"></span>riva<span class=\"__7 _355\"></span>te Equi<span class=\"ff5_7\">ty SA SI<span class=\"__7 _355\"></span>CAR</span><span class=\"ff5_7\"><span class=\"__7 _355\"></span><span class=\"ff3_7 ls2_7\"> </span></span></td><td class=\"c_2 n_2 x33e_1 y495_1 w290_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x358_1 y495_1 w2a1_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5.<span class=\"__7 _355\"></span>910.000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x359_1 y495_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x35a_1 y495_1 w2a1_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5.910<span class=\"__7 _355\"></span>.000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x35b_1 y495_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y496_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">12, rue L<span class=\"__7 _355\"></span>\u00e9on Lava<span class=\"__7 _355\"></span>l - L<span class=\"__7 _355\"></span>U-33<span class=\"__7 _355\"></span>72 L<span class=\"__7 _355\"></span>eudelan<span class=\"__7 _355\"></span>ge<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h5_7 y497_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sofina U<span class=\"__7 _355\"></span>S, L<span class=\"__7 _355\"></span>L<span class=\"__7 _361\"></span>C<span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x33e_1 y498_1 w293_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x35c_1 y498_1 w2a2_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">802.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x35d_1 y498_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x35e_1 y498_1 w2a2_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">802.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x35f_1 y498_1 w29b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x347_1 y499_1 w2a3_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">160<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x360_1 y499_1 w2a4_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">F<span class=\"__7 _355\"></span>ederal S<span class=\"__7 _355\"></span>treet, 9th floor - M<span class=\"__7 _355\"></span>A 02110 B<span class=\"__7 _355\"></span>oston - U<span class=\"__7 _355\"></span>SA<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h19_7 y49a_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">Sofina V<span class=\"__7 _361\"></span>entur<span class=\"ff5_7\">e<span class=\"__7 _355\"></span>s SA</span><span class=\"ff5_7\"><span class=\"ff3_7 ls2_7\"> </span></span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y49b_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">2<span class=\"__7 _355\"></span>9, rue de l\u2019<span class=\"__7 _355\"></span>Industri<span class=\"__7 _355\"></span>e - 1040 Bruxelles - B<span class=\"__7 _355\"></span>elgique<span class=\"ls2_7\"> </span></td><td class=\"c_2 n_2 x33e_1 y49c_1 w293_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x361_1 y49c_1 w2a5_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.<span class=\"__7 _355\"></span>709<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x362_1 y49c_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x363_1 y49c_1 w2a5_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.<span class=\"__7 _355\"></span>709<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x346_1 y49c_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y49d_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">Num\u00e9r<span class=\"__7 _355\"></span>o d\u2019<span class=\"__7 _361\"></span>entr<span class=\"__7 _355\"></span>eprise 042<span class=\"__7 _355\"></span>3 386 786<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h5_7 y49e_1 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">B. ENTR<span class=\"__7 _355\"></span>EPRI<span class=\"__7 _355\"></span>SES A<span class=\"__7 _355\"></span>SSOC<span class=\"__7 _355\"></span>I\u00c9E<span class=\"__7 _355\"></span>S - \u00c0 LA JUS<span class=\"__7 _355\"></span>TE V<span class=\"__7 _355\"></span>AL<span class=\"__7 _355\"></span>EUR </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h5_7 y49f_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">Ca<span class=\"__7 _355\"></span>mbridge Associa<span class=\"__7 _355\"></span>tes<span class=\"ls2_7\"> </span></td><td class=\"c_2 n_2 x365_1 y4a0_1 w290_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x366_1 y4a0_1 w2a6_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _361\"></span>4.242<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x367_1 y4a0_1 w2a7_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">23,67<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x368_1 y4a0_1 w2a8_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>4.2<span class=\"__7 _355\"></span>42<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x369_1 y4a0_1 w2a9_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls31_7 ws55_5\">23,<span class=\"__7 _359\"></span>89<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4a1_1 w2aa_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">125<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x36a_1 y4a1_1 w2ab_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">High S<span class=\"__7 _355\"></span>treet - M<span class=\"__7 _355\"></span>A 02110 Bo<span class=\"__7 _355\"></span>ston - USA<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h5_7 y4a2_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dott HoldC<span class=\"__7 _355\"></span>o<span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x365_1 y4a3_1 w290_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x36b_1 y4a3_1 w2ac_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">17<span class=\"__7 _361\"></span>.3<span class=\"__7 _355\"></span>71.386<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x36c_1 y4a3_1 w2ad_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>4,98<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x36d_1 y4a3_1 w2ae_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">10.<span class=\"__7 _358\"></span>143.368<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x36e_1 y4a3_1 w2af_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>4,98<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x364_1 h6_7 y4a4_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Diemen<span class=\"__7 _355\"></span>straa<span class=\"__7 _355\"></span>t 292 - 10<span class=\"__7 _355\"></span>13 CR Am<span class=\"__7 _355\"></span>ster<span class=\"__7 _355\"></span>dam - P<span class=\"__7 _361\"></span>ays-Ba<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h5_7 y4a5_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dr<span class=\"__7 _359\"></span>ylock T<span class=\"__7 _358\"></span>echnologies<span class=\"__7 _355\"></span><span class=\"ls2_7\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h6_7 y4a6_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sp<span class=\"__7 _355\"></span>innerijstraa<span class=\"__7 _355\"></span>t 12 - 92<span class=\"__7 _355\"></span>40 Zele - Belgi<span class=\"__7 _355\"></span>que<span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x365_1 y4a7_1 w293_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x36f_1 y4a7_1 w2b0_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">169<span class=\"__7 _355\"></span>.7<span class=\"__7 _355\"></span>82.<span class=\"__7 _355\"></span>750<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x370_1 y4a7_1 w2b1_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">25,00<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x371_1 y4a7_1 w2b0_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">169<span class=\"__7 _355\"></span>.<span class=\"__7 _355\"></span>782.<span class=\"__7 _355\"></span>750<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x372_1 y4a7_1 w2b2_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">25,0<span class=\"__7 _359\"></span>0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x364_1 h6_7 y4a8_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Num\u00e9r<span class=\"__7 _355\"></span>o d\u2019<span class=\"__7 _361\"></span>entr<span class=\"__7 _355\"></span>eprise 04<span class=\"__7 _355\"></span>79 766 05<span class=\"__7 _361\"></span>7<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h5_7 y4a9_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Green E Origin (Gr<span class=\"__7 _355\"></span>een Energy Origin)<span class=\"__7 _355\"></span><span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x365_1 y4aa_1 w290_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x373_1 y4aa_1 w2b3_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">58<span class=\"__7 _361\"></span>7<span class=\"__7 _361\"></span>.008<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x374_1 y4aa_1 w2b4_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">31,64<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x375_1 y4aa_1 w2b5_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">4<span class=\"__7 _359\"></span>0<span class=\"__7 _359\"></span>0<span class=\"__7 _359\"></span>.737<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x376_1 y4aa_1 w2b6_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls29_7 ws4c_5\">29,<span class=\"__7 _359\"></span>4<span class=\"__7 _359\"></span>4<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x364_1 h6_7 y4ab_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">4, rue du F<span class=\"__7 _355\"></span>ort Wa<span class=\"__7 _355\"></span>llis - L<span class=\"__7 _355\"></span>U-2<span class=\"__7 _355\"></span>714 Lux<span class=\"__7 _355\"></span>embourg<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h19_7 y4ac_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">MXP P<span class=\"__7 _355\"></span>rime Pla<span class=\"__7 _355\"></span>tform (Se<span class=\"ff5_7 ws3_7\">llerX)</span><span class=\"ff3_7 ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x365_1 y4ad_1 w290_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x377_1 y4ad_1 w2b7_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.284.2<span class=\"__7 _355\"></span>09<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x378_1 y4ad_1 w2b8_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">2<span class=\"__7 _359\"></span>6,7<span class=\"__7 _356\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x379_1 y4ad_1 w2b9_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.2<span class=\"__7 _355\"></span>84.2<span class=\"__7 _355\"></span>09<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x37a_1 y4ad_1 w2ba_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls6_7 ws5_7\">26,0<span class=\"__7 _359\"></span>9<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x364_1 h6_7 y4ae_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">J\u00e4gers<span class=\"__7 _355\"></span>tra\u00dfe 41 - 10<span class=\"__7 _361\"></span>117 Berlin - Allemagne<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h5_7 y4af_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Nuxe In<span class=\"__7 _355\"></span>terna<span class=\"__7 _355\"></span>tional<span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x365_1 y4b0_1 w290_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x37b_1 y4b0_1 w2bb_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">193<span class=\"__7 _355\"></span>.261.<span class=\"__7 _361\"></span>167<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x37c_1 y4b0_1 w6e_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">49<span class=\"__7 _355\"></span>,00<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x37d_1 y4b0_1 w2bc_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">193<span class=\"__7 _355\"></span>.261.<span class=\"__7 _361\"></span>167<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x37e_1 y4b0_1 w6e_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">49<span class=\"__7 _355\"></span>,00<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x364_1 h6_7 y4b1_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">12<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>, rue d\u2019<span class=\"__7 _361\"></span>Aguesseau - 92100 B<span class=\"__7 _355\"></span>oulogne-Billan<span class=\"__7 _355\"></span>court - Fr<span class=\"__7 _355\"></span>ance<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>Con<span class=\"__7 _355\"></span>sid\u00e9ra<span class=\"__7 _355\"></span>nt le r<span class=\"__7 _355\"></span>espect pa<span class=\"__7 _355\"></span>r Sofina des c<span class=\"__7 _355\"></span>onditions pr<span class=\"__7 _355\"></span>\u00e9vues \u00e0 l\u2019<span class=\"__7 _358\"></span>article 70 de l<span class=\"__7 _355\"></span>a loi luxem<span class=\"__7 _355\"></span>bourgeoi<span class=\"__7 _355\"></span>se du 19 d\u00e9cembr<span class=\"__7 _355\"></span>e 2<span class=\"__7 _355\"></span>002, les s<span class=\"__7 _355\"></span>oci\u00e9t\u00e9<span class=\"__7 _355\"></span>s filiales l<span class=\"__7 _355\"></span>uxembou<span class=\"__7 _355\"></span>rgeoise<span class=\"__7 _355\"></span>s (exc<span class=\"__7 _355\"></span>ept\u00e9 So<span class=\"__7 _355\"></span>fina Priv<span class=\"__7 _355\"></span>ate E<span class=\"__7 _361\"></span>quit<span class=\"__7 _359\"></span>y SA SIC<span class=\"__7 _355\"></span>AR et So<span class=\"__7 _355\"></span>fina Global SA SI<span class=\"__7 _355\"></span>F) peuven<span class=\"__7 _355\"></span>t \u00eatre e<span class=\"__7 _355\"></span>xem<span class=\"__7 _355\"></span>pt\u00e9e<span class=\"__7 _355\"></span>s de certaines dispo<span class=\"__7 _355\"></span>sitions r<span class=\"__7 _355\"></span>elativ<span class=\"__7 _355\"></span>es \u00e0 la publicit<span class=\"__7 _355\"></span>\u00e9 de leurs c<span class=\"__7 _355\"></span>ompte<span class=\"__7 _355\"></span>s annuels s<span class=\"__7 _355\"></span>tat<span class=\"__7 _355\"></span>utaires<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>3.22 R<span class=\"__7 _355\"></span>\u00c9S<span class=\"__7 _355\"></span>UM\u00c9 DE<span class=\"__7 _361\"></span>S M\u00c9THOD<span class=\"__7 _355\"></span>ES C<span class=\"__7 _355\"></span>OMPT<span class=\"__7 _c7\"></span>AB<span class=\"__7 _355\"></span>LE<span class=\"__7 _361\"></span>S SIGN<span class=\"__7 _355\"></span>IFIC<span class=\"__7 _355\"></span>A<span class=\"__7 _c7\"></span>TIVE<span class=\"__7 _355\"></span>S<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es nouv<span class=\"__7 _355\"></span>elles normes et in<span class=\"__7 _355\"></span>terpr\u00e9<span class=\"__7 _355\"></span>tation<span class=\"__7 _355\"></span>s suivan<span class=\"__7 _355\"></span>tes son<span class=\"__7 _355\"></span>t entr<span class=\"__7 _355\"></span>\u00e9es en vigueur en 20<span class=\"__7 _355\"></span>25<span class=\"__7 gs8_2\"> </span>:<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _364\"></span>Amendemen<span class=\"__7 _355\"></span>ts \u00e0 l\u2019I<span class=\"__7 _355\"></span>AS 21 - Effet<span class=\"__7 _355\"></span>s des va<span class=\"__7 _355\"></span>riation<span class=\"__7 _355\"></span>s des co<span class=\"__7 _355\"></span>urs des monn<span class=\"__7 _355\"></span>aies \u00e9tr<span class=\"__7 _355\"></span>ang\u00e8r<span class=\"__7 _355\"></span>es : M<span class=\"__7 _355\"></span>anque d\u2019<span class=\"__7 _358\"></span>\u00e9chan<span class=\"__7 _355\"></span>geabilit\u00e9 (a<span class=\"__7 _355\"></span>pplicables po<span class=\"__7 _355\"></span>ur les p\u00e9riodes a<span class=\"__7 _355\"></span>nnuelles ouv<span class=\"__7 _355\"></span>ertes \u00e0 comp<span class=\"__7 _355\"></span>ter du 1<span class=\"__7 _357\"> </span>er janvie<span class=\"__7 _359\"></span>r 2<span class=\"__7 _355\"></span>025)<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _355\"></span>applica<span class=\"__7 _355\"></span>tion de ce<span class=\"__7 _355\"></span>s normes et in<span class=\"__7 _355\"></span>terpr<span class=\"__7 _355\"></span>\u00e9ta<span class=\"__7 _355\"></span>tions n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _355\"></span>a cependa<span class=\"__7 _355\"></span>nt pa<span class=\"__7 _355\"></span>s d\u2019impact signific<span class=\"__7 _355\"></span>atif sur les<span class=\"__7 _355\"></span> comp<span class=\"__7 _355\"></span>tes de So<span class=\"__7 _355\"></span>fina.<span class=\"__7 _357\"> </span>Sofina n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _355\"></span>a pas a<span class=\"__7 _355\"></span>nticip\u00e9 l\u2019<span class=\"__7 _361\"></span>applica<span class=\"__7 _355\"></span>tion des n<span class=\"__7 _355\"></span>ormes et in<span class=\"__7 _355\"></span>terpr<span class=\"__7 _355\"></span>\u00e9tati<span class=\"__7 _355\"></span>ons nouv<span class=\"__7 _355\"></span>elles et a<span class=\"__7 _355\"></span>mend\u00e9es n<span class=\"__7 _355\"></span>on encor<span class=\"__7 _355\"></span>e applica<span class=\"__7 _355\"></span>bles pour la p\u00e9ri<span class=\"__7 _355\"></span>ode annuelle ouv<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>te \u00e0 com<span class=\"__7 _355\"></span>pter d<span class=\"__7 _355\"></span>u 1<span class=\"__7 _357\"> </span>er janvier 2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>5<span class=\"__7 gs8_2\"> </span>:<span class=\"__7 _357\"> </span>\u2022  IFR<span class=\"__7 _355\"></span>S 18 - Pr<span class=\"__7 _355\"></span>\u00e9sen<span class=\"__7 _355\"></span>tati<span class=\"__7 _355\"></span>on et inf<span class=\"__7 _355\"></span>ormati<span class=\"__7 _355\"></span>ons \u00e0 fo<span class=\"__7 _355\"></span>urnir dan<span class=\"__7 _355\"></span>s les \u00e9ta<span class=\"__7 _355\"></span>ts finan<span class=\"__7 _355\"></span>ciers (applic<span class=\"__7 _355\"></span>able pour les p\u00e9riode<span class=\"__7 _355\"></span>s annuelles o<span class=\"__7 _355\"></span>uvertes \u00e0 com<span class=\"__7 _355\"></span>pter d<span class=\"__7 _355\"></span>u 1<span class=\"__7 _357\"> </span>er janvi<span class=\"__7 _355\"></span>er 20<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>7 mais non enc<span class=\"__7 _355\"></span>ore adop<span class=\"__7 _355\"></span>t\u00e9e au nivea<span class=\"__7 _355\"></span>u <span class=\"__7 _359\"></span>eur<span class=\"__7 _355\"></span>op\u00e9en) ; \u2022 <span class=\"__7 _355\"></span>IFR<span class=\"__7 _355\"></span>S 19 - Filiales n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _355\"></span>ay<span class=\"__7 _355\"></span>ant p<span class=\"__7 _355\"></span>as d\u2019<span class=\"__7 _358\"></span>obli<span class=\"__7 _359\"></span>ga<span class=\"__7 _355\"></span>tion d\u2019inf<span class=\"__7 _355\"></span>ormation d<span class=\"__7 _355\"></span>u public : Inf<span class=\"__7 _355\"></span>ormati<span class=\"__7 _355\"></span>ons \u00e0 fo<span class=\"__7 _355\"></span>urnir (applica<span class=\"__7 _355\"></span>ble pour les p\u00e9riode<span class=\"__7 _355\"></span>s annuelle<span class=\"__7 _355\"></span>s ouvertes \u00e0 c<span class=\"__7 _355\"></span>ompter d<span class=\"__7 _355\"></span>u 1<span class=\"__7 _357\"> </span>er janvi<span class=\"__7 _355\"></span>er 20<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>7 mais non encor<span class=\"__7 _355\"></span>e adopt\u00e9e au niv<span class=\"__7 _355\"></span>eau europ\u00e9<span class=\"__7 _355\"></span>en) <span class=\"__7 _359\"></span>; \u2022 Am<span class=\"__7 _355\"></span>endemen<span class=\"__7 _355\"></span>ts \u00e0 IFR<span class=\"__7 _355\"></span>S 9 et IF<span class=\"__7 _355\"></span>R<span class=\"__7 _355\"></span>S 7 - Classemen<span class=\"__7 _355\"></span>t et \u00e9v<span class=\"__7 _355\"></span>alua<span class=\"__7 _355\"></span>tion des in<span class=\"__7 _355\"></span>strumen<span class=\"__7 _355\"></span>ts finan<span class=\"__7 _355\"></span>ciers (applica<span class=\"__7 _355\"></span>bles pour le<span class=\"__7 _355\"></span>s p\u00e9riodes ann<span class=\"__7 _355\"></span>uelles ouverte<span class=\"__7 _355\"></span>s \u00e0 compt<span class=\"__7 _355\"></span>er du 1<span class=\"__7 _357\"> </span>er janvi<span class=\"__7 _355\"></span>er 20<span class=\"__7 _355\"></span>26<span class=\"__7 _355\"></span>, mais non encor<span class=\"__7 _355\"></span>e adopt\u00e9<span class=\"__7 _355\"></span>s au niveau eur<span class=\"__7 _355\"></span>op\u00e9en) ; \u2022 Am<span class=\"__7 _355\"></span>\u00e9liora<span class=\"__7 _355\"></span>tions a<span class=\"__7 _355\"></span>nnuelles \u2013 V<span class=\"__7 _361\"></span>olume 11 (applica<span class=\"__7 _355\"></span>bles pour les p\u00e9ri<span class=\"__7 _355\"></span>odes annuelles o<span class=\"__7 _355\"></span>uvertes \u00e0 comp<span class=\"__7 _355\"></span>ter du 1<span class=\"__7 _357\"> </span>er janvi<span class=\"__7 _355\"></span>er 20<span class=\"__7 _355\"></span>26<span class=\"__7 _355\"></span>, mais non enc<span class=\"__7 _355\"></span>ore adop<span class=\"__7 _355\"></span>t\u00e9s au niv<span class=\"__7 _355\"></span>eau eur<span class=\"__7 _355\"></span>op\u00e9en) ; et<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _356\"></span>Amendem<span class=\"__7 _355\"></span>ents \u00e0 I<span class=\"__7 _355\"></span>FR<span class=\"__7 _355\"></span>S 9 et IFR<span class=\"__7 _361\"></span>S 7 - Contr<span class=\"__7 _355\"></span>ats f<span class=\"__7 _355\"></span>aisan<span class=\"__7 _355\"></span>t r\u00e9f<span class=\"__7 _355\"></span>\u00e9renc<span class=\"__7 _355\"></span>e \u00e0 l\u2019<span class=\"__7 _361\"></span>\u00e9lectricit<span class=\"__7 _355\"></span>\u00e9 d\u00e9pendan<span class=\"__7 _355\"></span>te de<span class=\"__7 _355\"></span> la na<span class=\"__7 _355\"></span>tur<span class=\"__7 _355\"></span>e (applicable<span class=\"__7 _355\"></span>s pour les p\u00e9riode<span class=\"__7 _355\"></span>s annuelles o<span class=\"__7 _355\"></span>uvertes \u00e0 com<span class=\"__7 _355\"></span>pter d<span class=\"__7 _355\"></span>u 1<span class=\"__7 _357\"> </span>er janvi<span class=\"__7 _355\"></span>er 20<span class=\"__7 _355\"></span>26<span class=\"__7 _355\"></span>, mais non enc<span class=\"__7 _355\"></span>ore adopt<span class=\"__7 _355\"></span>\u00e9s au niveau eur<span class=\"__7 _355\"></span>op\u00e9en);<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _364\"></span>Amendem<span class=\"__7 _355\"></span>ents \u00e0 IA<span class=\"__7 _355\"></span>S 21 - Effet<span class=\"__7 _355\"></span>s des vari<span class=\"__7 _355\"></span>ation<span class=\"__7 _355\"></span>s des cour<span class=\"__7 _355\"></span>s des monnai<span class=\"__7 _355\"></span>es \u00e9tr<span class=\"__7 _355\"></span>ang\u00e8r<span class=\"__7 _355\"></span>es : Conv<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span><span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>sion en monn<span class=\"__7 _355\"></span>aie de pr\u00e9<span class=\"__7 _355\"></span>senta<span class=\"__7 _355\"></span>tion hy<span class=\"__7 _355\"></span>perinfla<span class=\"__7 _355\"></span>tionnist<span class=\"__7 _355\"></span>e (applica<span class=\"__7 _355\"></span>ble pour les p\u00e9riode<span class=\"__7 _355\"></span>s annuelles<span class=\"__7 _355\"></span> ouverte<span class=\"__7 _355\"></span>s \u00e0 comp<span class=\"__7 _355\"></span>ter du 1<span class=\"__7 _357\"> </span>er janvi<span class=\"__7 _355\"></span>er 20<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>7 mais non enc<span class=\"__7 _355\"></span>ore adop<span class=\"__7 _355\"></span>t\u00e9s au niv<span class=\"__7 _355\"></span>eau eur<span class=\"__7 _355\"></span>op\u00e9en).<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _355\"></span>applica<span class=\"__7 _355\"></span>tion fut<span class=\"__7 _355\"></span>ure de ce<span class=\"__7 _355\"></span>s nouvelle<span class=\"__7 _355\"></span>s normes et in<span class=\"__7 _355\"></span>terpr<span class=\"__7 _355\"></span>\u00e9ta<span class=\"__7 _355\"></span>tions ne de<span class=\"__7 _355\"></span>vrait pa<span class=\"__7 _355\"></span>s avo<span class=\"__7 _355\"></span>ir d\u2019impact<span class=\"ls2_7 ws0_7\"> </span>significa<span class=\"__7 _355\"></span>tif sur les \u00e9ta<span class=\"__7 _355\"></span>ts fina<span class=\"__7 _355\"></span>nciers c<span class=\"__7 _355\"></span>onsolid\u00e9<span class=\"__7 _355\"></span>s.<span class=\"__7 _357\"> </span>Ba<span class=\"__7 _355\"></span>ses d\u2019<span class=\"__7 _358\"></span>\u00e9va<span class=\"__7 _355\"></span>lua<span class=\"__7 _355\"></span>tion<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es \u00e9ta<span class=\"__7 _355\"></span>ts fina<span class=\"__7 _355\"></span>nciers con<span class=\"__7 _355\"></span>solid\u00e9s I<span class=\"__7 _355\"></span>FR<span class=\"__7 _355\"></span>S sont pr<span class=\"__7 _355\"></span>\u00e9par<span class=\"__7 _355\"></span>\u00e9s sur la ba<span class=\"__7 _355\"></span>se de la j<span class=\"__7 _355\"></span>uste v<span class=\"__7 _355\"></span>aleur pa<span class=\"__7 _355\"></span>r le biais du r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>t net sauf le<span class=\"__7 _355\"></span>s cr\u00e9a<span class=\"__7 _355\"></span>nces e<span class=\"__7 _355\"></span>t dettes c<span class=\"__7 _355\"></span>ommercia<span class=\"__7 _355\"></span>les et soci<span class=\"__7 _355\"></span>ales qui son<span class=\"__7 _355\"></span>t valori<span class=\"__7 _355\"></span>s\u00e9es au<span class=\"__7 _355\"></span> co\u00fbt a<span class=\"__7 _355\"></span>morti.<span class=\"__7 _357\"> </span>Afin de re<span class=\"__7 _355\"></span>fl\u00e9ter l\u2019importa<span class=\"__7 _355\"></span>nce des donn\u00e9e<span class=\"__7 _355\"></span>s utilis\u00e9es lor<span class=\"__7 _355\"></span>s des \u00e9v<span class=\"__7 _355\"></span>alua<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur<span class=\"__7 _361\"></span>, le gro<span class=\"__7 _355\"></span>upe classe ce<span class=\"__7 _355\"></span>s \u00e9val<span class=\"__7 _355\"></span>uation<span class=\"__7 _355\"></span>s selon une hi\u00e9ra<span class=\"__7 _355\"></span>rchie qui se compo<span class=\"__7 _355\"></span>se des niveaux suiva<span class=\"__7 _355\"></span>nts<span class=\"__7 gs8_2\"> </span>:<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _359\"></span>Niveau <span class=\"__7 _355\"></span>1<span class=\"__7 gs8_2\"> </span><span class=\"__7 _355\"></span>:<span class=\"ff3_7 wsa7_1\"> des prix (non aj<span class=\"__7 _355\"></span>ust\u00e9<span class=\"__7 _355\"></span>s) cot<span class=\"__7 _355\"></span>\u00e9s sur des ma<span class=\"__7 _355\"></span>rch<span class=\"__7 _355\"></span>\u00e9s actifs pou<span class=\"__7 _355\"></span>r des actifs ou de<span class=\"__7 _355\"></span>s passifs </span>iden<span class=\"__7 _355\"></span>tiques<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _359\"></span>Niveau <span class=\"__7 _359\"></span>2<span class=\"__7 gs8_2\"> </span><span class=\"__7 _356\"></span>: <span class=\"__7 _356\"></span><span class=\"ff3_7 ws6f_4\">des donn\u00e9es a<span class=\"__7 _355\"></span>utres que le<span class=\"__7 _355\"></span>s prix cot<span class=\"__7 _355\"></span>\u00e9s vis\u00e9s a<span class=\"__7 _355\"></span>u niveau 1, qui son<span class=\"__7 _361\"></span>t obser<span class=\"__7 _359\"></span>vable<span class=\"__7 _355\"></span>s </span>pour l\u2019<span class=\"__7 _361\"></span>actif ou le pa<span class=\"__7 _355\"></span>ssif concern<span class=\"__7 _355\"></span>\u00e9, soit dir<span class=\"__7 _355\"></span>ectemen<span class=\"__7 _355\"></span>t (\u00e0 sav<span class=\"__7 _355\"></span>oir des prix) ou in<span class=\"__7 _355\"></span>direct<span class=\"__7 _355\"></span>ement (\u00e0<span class=\"__7 _355\"></span> sav<span class=\"__7 _355\"></span>oir des donn\u00e9es d\u00e9riv\u00e9<span class=\"__7 _355\"></span>es de prix)<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _359\"></span>Niveau <span class=\"__7 _361\"></span>3<span class=\"__7 gs8_2\"> </span><span class=\"__7 _355\"></span>: <span class=\"__7 _355\"></span><span class=\"ff3_7 ws25_7\">des donn\u00e9es r<span class=\"__7 _355\"></span>elativ<span class=\"__7 _355\"></span>es \u00e0 l\u2019<span class=\"__7 _361\"></span>actif ou au pa<span class=\"__7 _355\"></span>ssif qui ne sont p<span class=\"__7 _355\"></span>as bas\u00e9e<span class=\"__7 _355\"></span>s sur des donn\u00e9e<span class=\"__7 _355\"></span>s </span>observable<span class=\"__7 _355\"></span>s de mar<span class=\"__7 _355\"></span>ch\u00e9 (donn\u00e9e<span class=\"__7 _355\"></span>s non observables).<span class=\"__7 _357\"> </span>Prin<span class=\"__7 _355\"></span>cipes de con<span class=\"__7 _355\"></span>solidation<span class=\"__7 _357\"> </span>Con<span class=\"__7 _355\"></span>form\u00e9m<span class=\"__7 _355\"></span>ent \u00e0 son st<span class=\"__7 _355\"></span>atut d\u2019<span class=\"__7 _355\"></span>En<span class=\"__7 _355\"></span>tit\u00e9 d\u2019Inv<span class=\"__7 _355\"></span>estis<span class=\"__7 _355\"></span>sement, So<span class=\"__7 _355\"></span>fina ne con<span class=\"__7 _355\"></span>solide pas se<span class=\"__7 _355\"></span>s filiale<span class=\"__7 _355\"></span>s et n\u2019<span class=\"__7 _361\"></span>applique pa<span class=\"__7 _355\"></span>s <span class=\"__7 _359\"></span>la norme IF<span class=\"__7 _355\"></span>RS<span class=\"__7 gs8_2\"> </span>3 lor<span class=\"__7 _355\"></span>squ\u2019<span class=\"__7 _358\"></span>elle <span class=\"__7 _359\"></span>acqui<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>t le contr<span class=\"__7 _355\"></span>\u00f4le d\u2019une autre en<span class=\"__7 _355\"></span>tit\u00e9.<span class=\"__7 _357\"> </span>Il exis<span class=\"__7 _355\"></span>te une e<span class=\"__7 _355\"></span>xcep<span class=\"__7 _355\"></span>tion \u00e0 ce tr<span class=\"__7 _355\"></span>aitemen<span class=\"__7 _355\"></span>t pour les filia<span class=\"__7 _355\"></span>les ne f<span class=\"__7 _355\"></span>ournissan<span class=\"__7 _355\"></span>t que des service<span class=\"__7 _355\"></span>s li\u00e9s aux activit<span class=\"__7 _355\"></span>\u00e9s d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t de Sofina. C<span class=\"__7 _355\"></span>es filia<span class=\"__7 _355\"></span>les sont c<span class=\"__7 _355\"></span>onsolid\u00e9e<span class=\"__7 _355\"></span>s par in<span class=\"__7 _355\"></span>t\u00e9gra<span class=\"__7 _355\"></span>tion globale<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es participa<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s dan<span class=\"__7 _355\"></span>s les autr<span class=\"__7 _355\"></span>es filiale<span class=\"__7 _355\"></span>s, qui ne f<span class=\"__7 _355\"></span>ournissen<span class=\"__7 _355\"></span>t pas e<span class=\"__7 _355\"></span>xclu<span class=\"__7 _355\"></span>sivemen<span class=\"__7 _355\"></span>t des services li\u00e9s a<span class=\"__7 _355\"></span>ux activit\u00e9<span class=\"__7 _355\"></span>s d\u2019investi<span class=\"__7 _355\"></span>ssement de So<span class=\"__7 _355\"></span>fina, son<span class=\"__7 _355\"></span>t \u00e9galemen<span class=\"__7 _355\"></span>t \u00e9va<span class=\"__7 _355\"></span>lu\u00e9es \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r par le biai<span class=\"__7 _355\"></span>s du r\u00e9sult<span class=\"__7 _355\"></span>at net c<span class=\"__7 _355\"></span>onf<span class=\"__7 _355\"></span>orm\u00e9men<span class=\"__7 _355\"></span>t \u00e0 la norme IF<span class=\"__7 _355\"></span>RS 9<span class=\"__7 _361\"></span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es participa<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s dan<span class=\"__7 _355\"></span>s lesquelles Sofin<span class=\"__7 _355\"></span>a ex<span class=\"__7 _355\"></span>erce un<span class=\"__7 _355\"></span>e influenc<span class=\"__7 _355\"></span>e nota<span class=\"__7 _355\"></span>ble sont \u00e9ga<span class=\"__7 _355\"></span>lement, en applica<span class=\"__7 _355\"></span>tion des di<span class=\"__7 _355\"></span>spositions de l<span class=\"__7 _355\"></span>a norme IAS 2<span class=\"__7 _355\"></span>8, \u00a718, \u00e9v<span class=\"__7 _355\"></span>alu\u00e9e<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur par le bi<span class=\"__7 _355\"></span>ais du r\u00e9<span class=\"__7 _355\"></span>sultat ne<span class=\"__7 _355\"></span>t conf<span class=\"__7 _355\"></span>orm\u00e9men<span class=\"__7 _355\"></span>t \u00e0 la norme I<span class=\"__7 _355\"></span>FR<span class=\"__7 _355\"></span>S 9.<span class=\"__7 _357\"> </span>La list<span class=\"__7 _355\"></span>e des filiale<span class=\"__7 _355\"></span>s et entr<span class=\"__7 _355\"></span>eprise<span class=\"__7 _355\"></span>s associ\u00e9e<span class=\"__7 _355\"></span>s est pr<span class=\"__7 _355\"></span>\u00e9sen<span class=\"__7 _355\"></span>t\u00e9e ci-dessu<span class=\"__7 _355\"></span>s sous le poin<span class=\"__7 _361\"></span>t <span class=\"__7 _359\"></span>3<span class=\"__7 _355\"></span>.21. Ce<span class=\"__7 _355\"></span>tte list<span class=\"__7 _355\"></span>e ne repr<span class=\"__7 _355\"></span>end pa<span class=\"__7 _355\"></span>s les soci\u00e9t<span class=\"__7 _355\"></span>\u00e9s dan<span class=\"__7 _355\"></span>s lesquelle<span class=\"__7 _355\"></span>s Sofina d\u00e9ti<span class=\"__7 _355\"></span>ent plu<span class=\"__7 _355\"></span>s de 20% d<span class=\"__7 _355\"></span>u capital sa<span class=\"__7 _355\"></span>ns ex<span class=\"__7 _355\"></span>ercer u<span class=\"__7 _355\"></span>ne influen<span class=\"__7 _355\"></span>ce not<span class=\"__7 _355\"></span>able sur celles-ci, p<span class=\"__7 _355\"></span>arc<span class=\"__7 _355\"></span>e que, par e<span class=\"__7 _355\"></span>xemple<span class=\"__7 _355\"></span>, elle n\u2019<span class=\"__7 _361\"></span>a ni mand<span class=\"__7 _355\"></span>at de re<span class=\"__7 _355\"></span>pr\u00e9sen<span class=\"__7 _355\"></span>ta<span class=\"__7 _355\"></span>tion au con<span class=\"__7 _355\"></span>seil d\u2019<span class=\"__7 _355\"></span>adminis<span class=\"__7 _355\"></span>trati<span class=\"__7 _355\"></span>on de ces soci\u00e9<span class=\"__7 _355\"></span>t\u00e9s ni ne di<span class=\"__7 _355\"></span>spose de dr<span class=\"__7 _355\"></span>oits de v\u00e9t<span class=\"__7 _355\"></span>o (autr<span class=\"__7 _355\"></span>es que les dr<span class=\"__7 _355\"></span>oits de pr<span class=\"__7 _355\"></span>ote<span class=\"__7 _355\"></span>ction usuels<span class=\"__7 _355\"></span>, visan<span class=\"__7 _355\"></span>t nota<span class=\"__7 _355\"></span>mment de<span class=\"__7 _355\"></span>s r\u00e9orga<span class=\"__7 _355\"></span>nisati<span class=\"__7 _355\"></span>ons, a<span class=\"__7 _355\"></span>ugmen<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>ta<span class=\"__7 _355\"></span>tions de ca<span class=\"__7 _355\"></span>pital, et<span class=\"__7 _355\"></span>c.).<span class=\"__7 _357\"> </span>T<span class=\"__7 _358\"></span>ra<span class=\"__7 _355\"></span>nsaction<span class=\"__7 _355\"></span>s en monnaie<span class=\"__7 _355\"></span>s \u00e9tra<span class=\"__7 _355\"></span>ng\u00e8re<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es tr<span class=\"__7 _355\"></span>ansac<span class=\"__7 _355\"></span>tions en monn<span class=\"__7 _355\"></span>aies \u00e9tr<span class=\"__7 _355\"></span>ang\u00e8r<span class=\"__7 _355\"></span>es son<span class=\"__7 _355\"></span>t compt<span class=\"__7 _355\"></span>abilis\u00e9<span class=\"__7 _355\"></span>es au taux de c<span class=\"__7 _355\"></span>hange en vigue<span class=\"__7 _355\"></span>ur \u00e0 la da<span class=\"__7 _355\"></span>te de tra<span class=\"__7 _355\"></span>nsac<span class=\"__7 _355\"></span>tion.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>\u2019impact d<span class=\"__7 _355\"></span>u chan<span class=\"__7 _355\"></span>ge est comp<span class=\"__7 _355\"></span>tabili<span class=\"__7 _355\"></span>s\u00e9 dan<span class=\"__7 _355\"></span>s le compt<span class=\"__7 _355\"></span>e de r\u00e9sult<span class=\"__7 _355\"></span>ats pa<span class=\"__7 _355\"></span>rmi les \u00ab Autr<span class=\"__7 _355\"></span>es r\u00e9<span class=\"__7 _355\"></span>sultats<span class=\"__7 _355\"></span> finan<span class=\"__7 _355\"></span>ciers \u00bb.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es actifs e<span class=\"__7 _355\"></span>t passifs mon<span class=\"__7 _355\"></span>\u00e9taire<span class=\"__7 _355\"></span>s libell\u00e9s en monnai<span class=\"__7 _355\"></span>es \u00e9tr<span class=\"__7 _355\"></span>ang\u00e8r<span class=\"__7 _355\"></span>es sont c<span class=\"__7 _355\"></span>onvertis aux taux de<span class=\"__7 _355\"></span> cl\u00f4t<span class=\"__7 _355\"></span>ure<span class=\"__7 _355\"></span>. Le<span class=\"__7 _355\"></span>s diff\u00e9ren<span class=\"__7 _355\"></span>ces de cha<span class=\"__7 _355\"></span>nge qui r\u00e9<span class=\"__7 _355\"></span>sulten<span class=\"__7 _355\"></span>t de ces tra<span class=\"__7 _355\"></span>nsac<span class=\"__7 _355\"></span>tions, ain<span class=\"__7 _355\"></span>si que les \u00e9ca<span class=\"__7 _355\"></span>rts de conver<span class=\"__7 _355\"></span>sion qui r<span class=\"__7 _355\"></span>\u00e9sulten<span class=\"__7 _355\"></span>t de la conver<span class=\"__7 _355\"></span>sion des actifs e<span class=\"__7 _355\"></span>t des passifs m<span class=\"__7 _355\"></span>on\u00e9tair<span class=\"__7 _355\"></span>es libell\u00e9s en monnai<span class=\"__7 _355\"></span>es \u00e9tra<span class=\"__7 _355\"></span>ng\u00e8r<span class=\"__7 _355\"></span>es, son<span class=\"__7 _355\"></span>t compt<span class=\"__7 _355\"></span>abilis\u00e9<span class=\"__7 _355\"></span>s au comp<span class=\"__7 _355\"></span>te de r\u00e9<span class=\"__7 _355\"></span>sultats<span class=\"__7 _355\"></span>. L<span class=\"__7 _355\"></span>es actifs et p<span class=\"__7 _355\"></span>assifs non mon\u00e9<span class=\"__7 _355\"></span>taires libell\u00e9<span class=\"__7 _355\"></span>s en monnaie<span class=\"__7 _355\"></span>s \u00e9tran<span class=\"__7 _355\"></span>g\u00e8re<span class=\"__7 _355\"></span>s sont conv<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>tis au t<span class=\"__7 _355\"></span>aux de chan<span class=\"__7 _355\"></span>ge en vigueur \u00e0 la da<span class=\"__7 _355\"></span>te de tra<span class=\"__7 _355\"></span>nsac<span class=\"__7 _355\"></span>tion.<span class=\"__7 _357\"> </span>La conver<span class=\"__7 _355\"></span>sion en eur<span class=\"__7 _355\"></span>o des \u00e9ta<span class=\"__7 _355\"></span>ts finan<span class=\"__7 _355\"></span>ciers des en<span class=\"__7 _355\"></span>trepri<span class=\"__7 _355\"></span>ses \u00e9tr<span class=\"__7 _355\"></span>ang\u00e8r<span class=\"__7 _355\"></span>es compri<span class=\"__7 _355\"></span>ses dan<span class=\"__7 _355\"></span>s la con<span class=\"__7 _355\"></span>solida<span class=\"__7 _355\"></span>tion est effe<span class=\"__7 _355\"></span>ctu\u00e9e au co<span class=\"__7 _355\"></span>urs de cl\u00f4<span class=\"__7 _355\"></span>ture po<span class=\"__7 _355\"></span>ur les comp<span class=\"__7 _355\"></span>tes de b<span class=\"__7 _355\"></span>ilan et au c<span class=\"__7 _355\"></span>ours de cha<span class=\"__7 _355\"></span>nge moy<span class=\"__7 _355\"></span>en de l\u2019<span class=\"__7 _361\"></span>ex<span class=\"__7 _355\"></span>ercice po<span class=\"__7 _355\"></span>ur les comp<span class=\"__7 _355\"></span>tes de r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>ts. L<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _358\"></span>\u00e9cart r\u00e9sult<span class=\"__7 _355\"></span>ant de l\u2019u<span class=\"__7 _355\"></span>tilisation de<span class=\"__7 _355\"></span> ces de<span class=\"__7 _355\"></span>ux cours diff<span class=\"__7 _355\"></span>\u00e9ren<span class=\"__7 _355\"></span>ts est port\u00e9 au b<span class=\"__7 _355\"></span>ilan con<span class=\"__7 _355\"></span>solid\u00e9 da<span class=\"__7 _355\"></span>ns les r<span class=\"__7 _355\"></span>\u00e9serves.<span class=\"__7 _357\"> </span>Prin<span class=\"__7 _355\"></span>cipaux taux de ch<span class=\"__7 _355\"></span>ange<span class=\"__7 _357\"> </span><table class=\"s_2 w2bd_1 h45\" id=\"_25e6e3fa-fd92-4fb6-902c-275802cbbcd3\"><tr><td></td><td class=\"c_2 n_2 x37f_1 y4b2_1 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x380_1 y4b2_1 w3_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4b3_1 w2be_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _c7\"></span>aux de cl\u00f4tur<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x381_1 y4b3_1 w2bf_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">1 EUR =<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x382_1 y4b3_1 w212_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">1 EUR =<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4b4_1 w2c0_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">USD<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x383_1 y4b4_1 w2c1_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,<span class=\"__7 _361\"></span>1750<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x384_1 y4b4_1 w2c2_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,0<span class=\"__7 _355\"></span>389<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4b5_1 w20c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls22_7 ws7c_1\">GBP<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x385_1 y4b5_1 w2c3_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls31_7 ws55_5\">0,<span class=\"__7 _359\"></span>8726<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x386_1 y4b5_1 w2c4_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">0,82<span class=\"__7 _355\"></span>92<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4b6_1 w2c5_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">CHF<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x387_1 y4b6_1 w2c6_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">0,9314<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x388_1 y4b6_1 w2c7_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">0,94<span class=\"__7 _355\"></span>12<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4b7_1 w2c8_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls56_3 wsae_1\">SGD<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x389_1 y4b7_1 w2c9_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,5<span class=\"__7 _355\"></span>105<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x38a_1 y4b7_1 w2ca_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,4164<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4b8_1 w201_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">CAD<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x38b_1 y4b8_1 w2cb_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,6088<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x38c_1 y4b8_1 w2cc_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,4948<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4b9_1 w2cd_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">INR<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x38d_1 y4b9_1 w2ce_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">105,5<span class=\"__7 _361\"></span>965<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x38e_1 y4b9_1 w2cf_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">88,9<span class=\"__7 _355\"></span>335<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4ba_1 w211_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">CNY<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x38f_1 y4ba_1 w2d0_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">8,2262<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x390_1 y4ba_1 w2d1_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">7<span class=\"__7 _361\"></span>,58<span class=\"__7 _355\"></span>33<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w2d2_1 h30_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff4_7 fs4_7 fc0_7 sc0_7 ls3d_5 ws69_4\">DKK<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x391_1 y35f_3 w2d3_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">7<span class=\"__7 _358\"></span>,4689<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x392_1 y35f_3 w2d4_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">7<span class=\"__7 _361\"></span>,45<span class=\"__7 _355\"></span>78<span class=\"__7 _357\"> </span></div></td></tr></table>Immobili<span class=\"__7 _355\"></span>sation<span class=\"__7 _355\"></span>s (in)corporelle<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es immobili<span class=\"__7 _355\"></span>sation<span class=\"__7 _355\"></span>s (in)corporelles s<span class=\"__7 _355\"></span>ont comp<span class=\"__7 _355\"></span>tabili<span class=\"__7 _355\"></span>s\u00e9es \u00e0 l\u2019<span class=\"__7 _361\"></span>actif du bila<span class=\"__7 _355\"></span>n \u00e0 leur va<span class=\"__7 _355\"></span>leur d\u2019<span class=\"__7 _355\"></span>acqui<span class=\"__7 _355\"></span>si<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>tion ou de pr<span class=\"__7 _355\"></span>oductio<span class=\"__7 _355\"></span>n, diminu\u00e9e des am<span class=\"__7 _355\"></span>ortissemen<span class=\"__7 _355\"></span>ts cumul\u00e9<span class=\"__7 _355\"></span>s et des d\u00e9pr<span class=\"__7 _355\"></span>\u00e9ciati<span class=\"__7 _355\"></span>ons \u00e9v<span class=\"__7 _355\"></span>ent<span class=\"__7 _355\"></span>uelles. L<span class=\"__7 _355\"></span>es immobili<span class=\"__7 _355\"></span>sation<span class=\"__7 _355\"></span>s (in)corporelle<span class=\"__7 _355\"></span>s sont a<span class=\"__7 _355\"></span>morties en fon<span class=\"__7 _355\"></span>ction de leur d<span class=\"__7 _355\"></span>ur\u00e9e d\u2019utilit<span class=\"__7 _355\"></span>\u00e9 estim\u00e9e<span class=\"__7 _355\"></span> suiva<span class=\"__7 _355\"></span>nt la m\u00e9<span class=\"__7 _355\"></span>thode d\u2019<span class=\"__7 _361\"></span>amortissemen<span class=\"__7 _355\"></span>t lin\u00e9air<span class=\"__7 _355\"></span>e.<span class=\"__7 _357\"> </span>\u2022 B\u00e2<span class=\"__7 _355\"></span>timent<span class=\"__7 gs8_2\"> </span>: 30 an<span class=\"__7 _355\"></span>s \u2022 Ma<span class=\"__7 _355\"></span>t\u00e9riel et mobili<span class=\"__7 _355\"></span>er<span class=\"__7 gs8_2\"> </span>: <span class=\"__7 _359\"></span>3 \u00e0 10 ans \u2022 Ma<span class=\"__7 _355\"></span>t\u00e9riel ro<span class=\"__7 _355\"></span>ulan<span class=\"__7 _355\"></span>t<span class=\"__7 gs8_2\"> </span>: 5 <span class=\"__7 _359\"></span>an<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span>\u2022 Licence<span class=\"__7 _355\"></span>s<span class=\"__7 gs8_2\"> </span>: 5 <span class=\"__7 _359\"></span>an<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span>P<span class=\"__7 _361\"></span>ar<span class=\"__7 _359\"></span>ticipa<span class=\"__7 _355\"></span>tions et c<span class=\"__7 _355\"></span>r\u00e9an<span class=\"__7 _355\"></span>ces<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es participa<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur son<span class=\"__7 _355\"></span>t enregis<span class=\"__7 _355\"></span>tr\u00e9es \u00e0 l<span class=\"__7 _355\"></span>a dat<span class=\"__7 _355\"></span>e de tran<span class=\"__7 _355\"></span>saction et s<span class=\"__7 _355\"></span>ont \u00e9v<span class=\"__7 _355\"></span>alu\u00e9e<span class=\"__7 _355\"></span>s \u00e0 leur j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es participa<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur son<span class=\"__7 _355\"></span>t cons<span class=\"__7 _355\"></span>titu\u00e9es de titr<span class=\"__7 _355\"></span>es qui son<span class=\"__7 _355\"></span>t acquis da<span class=\"__7 _355\"></span>ns le but d\u2019<span class=\"__7 _c7\"></span>ob<span class=\"__7 _359\"></span><span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>tenir de<span class=\"__7 _355\"></span>s rendemen<span class=\"__7 _355\"></span>ts sou<span class=\"__7 _355\"></span>s la forme de pl<span class=\"__7 _355\"></span>us-va<span class=\"__7 _355\"></span>lues en cap<span class=\"__7 _355\"></span>ital et/<span class=\"__7 _c7\"></span>ou de r<span class=\"__7 _355\"></span>evenu<span class=\"__7 _355\"></span>s d\u2019inves<span class=\"__7 _355\"></span>tisse<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>men<span class=\"__7 _355\"></span>ts. Elles son<span class=\"__7 _355\"></span>t \u00e9va<span class=\"__7 _355\"></span>lu\u00e9es \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e vale<span class=\"__7 _355\"></span>ur \u00e0 chaque da<span class=\"__7 _355\"></span>te de cl\u00f4<span class=\"__7 _355\"></span>ture<span class=\"__7 _355\"></span>. L<span class=\"__7 _355\"></span>es plus ou m<span class=\"__7 _355\"></span>oins-v<span class=\"__7 _355\"></span>alues la<span class=\"__7 _355\"></span>tent<span class=\"__7 _355\"></span>es son<span class=\"__7 _355\"></span>t compt<span class=\"__7 _355\"></span>abilis\u00e9e<span class=\"__7 _355\"></span>s direct<span class=\"__7 _355\"></span>ement d<span class=\"__7 _355\"></span>ans le c<span class=\"__7 _355\"></span>ompte de r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>ts. E<span class=\"__7 _355\"></span>n cas de ces<span class=\"__7 _355\"></span>sion, la diff\u00e9r<span class=\"__7 _355\"></span>ence entr<span class=\"__7 _355\"></span>e le prod<span class=\"__7 _355\"></span>uit net de la v<span class=\"__7 _355\"></span>ente e<span class=\"__7 _355\"></span>t la vale<span class=\"__7 _355\"></span>ur comp<span class=\"__7 _355\"></span>table est port\u00e9<span class=\"__7 _355\"></span>e en r\u00e9sulta<span class=\"__7 _355\"></span>t, soit au d\u00e9bit, so<span class=\"__7 _355\"></span>it au cr<span class=\"__7 _355\"></span>\u00e9dit.<span class=\"__7 _357\"> </span>D\u00e9p\u00f4t e<span class=\"__7 _355\"></span>t autre<span class=\"__7 _355\"></span>s actifs finan<span class=\"__7 _355\"></span>ciers cou<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>ts<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es commer<span class=\"__7 _355\"></span>ciales son<span class=\"__7 _361\"></span>t <span class=\"__7 _359\"></span>\u00e9v<span class=\"__7 _355\"></span>alu\u00e9e<span class=\"__7 _355\"></span>s au co\u00fbt am<span class=\"__7 _355\"></span>orti. <span class=\"__7 _359\"></span>La norme I<span class=\"__7 _355\"></span>FR<span class=\"__7 _355\"></span>S 9 requi<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>t la com<span class=\"__7 _355\"></span>p<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>tab<span class=\"__7 _355\"></span>ilisation de pert<span class=\"__7 _355\"></span>es de cr<span class=\"__7 _355\"></span>\u00e9dit sur tou<span class=\"__7 _355\"></span>s les instru<span class=\"__7 _355\"></span>ments de de<span class=\"__7 _355\"></span>ttes<span class=\"__7 _355\"></span>, pr\u00eats e<span class=\"__7 _355\"></span>t cr\u00e9a<span class=\"__7 _355\"></span>nces c<span class=\"__7 _355\"></span>ommer<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>ciale<span class=\"__7 _355\"></span>s sur la base de le<span class=\"__7 _355\"></span>ur dur\u00e9<span class=\"__7 _355\"></span>e de vie. Ce m<span class=\"__7 _355\"></span>od\u00e8le de per<span class=\"__7 _359\"></span>te de v<span class=\"__7 _355\"></span>aleur pr<span class=\"__7 _355\"></span>\u00e9vu par l<span class=\"__7 _355\"></span>a norme IF<span class=\"__7 _355\"></span>RS 9 est f<span class=\"__7 _355\"></span>ond\u00e9 sur l\u2019<span class=\"__7 _361\"></span>an<span class=\"__7 _355\"></span>ticipation de<span class=\"__7 _355\"></span>s pertes et n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _355\"></span>a pas d\u2019inci<span class=\"__7 _355\"></span>dence significa<span class=\"__7 _355\"></span>tive sur l\u2019<span class=\"__7 _358\"></span>\u00e9v<span class=\"__7 _355\"></span>alua<span class=\"__7 _355\"></span>tion des d\u00e9pr<span class=\"__7 _355\"></span>\u00e9cia<span class=\"__7 _355\"></span>tions d\u2019<span class=\"__7 _361\"></span>actifs fina<span class=\"__7 _355\"></span>nciers.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es d\u00e9p\u00f4<span class=\"__7 _355\"></span>ts sont d\u00e9<span class=\"__7 _355\"></span>sign\u00e9s \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r via le compt<span class=\"__7 _355\"></span>e de r\u00e9<span class=\"__7 _355\"></span>sultats<span class=\"__7 _355\"></span>. L<span class=\"__7 _355\"></span>es cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es sur les filia<span class=\"__7 _355\"></span>les son<span class=\"__7 _355\"></span>t d\u00e9sign\u00e9es \u00e0 l<span class=\"__7 _355\"></span>a jus<span class=\"__7 _355\"></span>te va<span class=\"__7 _355\"></span>leur via le comp<span class=\"__7 _355\"></span>te de r<span class=\"__7 _355\"></span>\u00e9sultat<span class=\"__7 _355\"></span>s.<span class=\"__7 _357\"> </span>La tr\u00e9<span class=\"__7 _355\"></span>sorerie e<span class=\"__7 _355\"></span>t les \u00e9quiva<span class=\"__7 _355\"></span>lents de tr<span class=\"__7 _355\"></span>\u00e9sor<span class=\"__7 _355\"></span>erie compr<span class=\"__7 _355\"></span>ennen<span class=\"__7 _355\"></span>t les liquidit<span class=\"__7 _355\"></span>\u00e9s et les d\u00e9p\u00f4<span class=\"__7 _355\"></span>ts \u00e0 terme<span class=\"__7 _355\"></span> \u00e0 moin<span class=\"__7 _355\"></span>s de troi<span class=\"__7 _355\"></span>s mois<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>Action<span class=\"__7 _355\"></span>s propr<span class=\"__7 _355\"></span>es<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es ach<span class=\"__7 _355\"></span>ats et le<span class=\"__7 _355\"></span>s ven<span class=\"__7 _355\"></span>tes d\u2019<span class=\"__7 _361\"></span>action<span class=\"__7 _355\"></span>s propr<span class=\"__7 _355\"></span>es son<span class=\"__7 _355\"></span>t por<span class=\"__7 _359\"></span>t\u00e9<span class=\"__7 _355\"></span>s, re<span class=\"__7 _355\"></span>spectivemen<span class=\"__7 _355\"></span>t, en diminution o<span class=\"__7 _355\"></span>u en augmen<span class=\"__7 _355\"></span>ta<span class=\"__7 _355\"></span>tion des cap<span class=\"__7 _355\"></span>itaux propr<span class=\"__7 _355\"></span>es. L<span class=\"__7 _361\"></span>es muta<span class=\"__7 _355\"></span>tions de l<span class=\"__7 _355\"></span>a p\u00e9riode sont j<span class=\"__7 _355\"></span>us<span class=\"__7 _355\"></span>tifi\u00e9es da<span class=\"__7 _355\"></span>ns le tablea<span class=\"__7 _355\"></span>u mon<span class=\"__7 _355\"></span>tran<span class=\"__7 _355\"></span>t l\u2019<span class=\"__7 _358\"></span>\u00e9voluti<span class=\"__7 _355\"></span>on des capit<span class=\"__7 _355\"></span>aux propr<span class=\"__7 _355\"></span>es. Auc<span class=\"__7 _355\"></span>un r\u00e9sult<span class=\"__7 _355\"></span>at n\u2019<span class=\"__7 _c7\"></span>est enregi<span class=\"__7 _355\"></span>str\u00e9 sur c<span class=\"__7 _355\"></span>es muta<span class=\"__7 _355\"></span>tions<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>A<span class=\"__7 _361\"></span>van<span class=\"__7 _355\"></span>tages du per<span class=\"__7 _355\"></span>sonnel<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>e personnel d<span class=\"__7 _355\"></span>u groupe b\u00e9n<span class=\"__7 _355\"></span>\u00e9ficie de pla<span class=\"__7 _355\"></span>ns de pensi<span class=\"__7 _355\"></span>on de t<span class=\"__7 _359\"></span>ype \u00ab pre<span class=\"__7 _355\"></span>sta<span class=\"__7 _355\"></span>tions d\u00e9fini<span class=\"__7 _355\"></span>es \u00bb, de type \u00ab contributi<span class=\"__7 _355\"></span>ons d\u00e9finie<span class=\"__7 _355\"></span>s \u00bb et \u00ab cash b<span class=\"__7 _355\"></span>alan<span class=\"__7 _355\"></span>ce \u00bb. Ces pl<span class=\"__7 _355\"></span>ans de pen<span class=\"__7 _355\"></span>sion son<span class=\"__7 _355\"></span>t financ\u00e9<span class=\"__7 _355\"></span>s par des con<span class=\"__7 _355\"></span>tribution<span class=\"__7 _355\"></span>s pro<span class=\"__7 _355\"></span>vena<span class=\"__7 _355\"></span>nt des soci<span class=\"__7 _355\"></span>\u00e9t\u00e9<span class=\"__7 _355\"></span>s et filiales d<span class=\"__7 _355\"></span>u groupe qui em<span class=\"__7 _355\"></span>ploien<span class=\"__7 _355\"></span>t du personn<span class=\"__7 _355\"></span>el et par de<span class=\"__7 _355\"></span>s contribu<span class=\"__7 _355\"></span>tions pr<span class=\"__7 _355\"></span>oven<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>t du personnel.<span class=\"__7 _357\"> </span>P<span class=\"__7 _361\"></span>our les r\u00e9gim<span class=\"__7 _355\"></span>es de pension, l<span class=\"__7 _355\"></span>a charge de<span class=\"__7 _355\"></span>s engagemen<span class=\"__7 _355\"></span>ts de pensi<span class=\"__7 _355\"></span>on est d\u00e9t<span class=\"__7 _355\"></span>ermin\u00e9e selon la m\u00e9th<span class=\"__7 _355\"></span>ode actua<span class=\"__7 _355\"></span>rielle \u00ab Pr<span class=\"__7 _355\"></span>oject<span class=\"__7 _355\"></span>ed Unit Cr<span class=\"__7 _355\"></span>edit \u00bb pour le pla<span class=\"__7 _355\"></span>n \u00ab pres<span class=\"__7 _355\"></span>tation<span class=\"__7 _355\"></span>s d\u00e9finies \u00bb e<span class=\"__7 _355\"></span>t selon la m\u00e9th<span class=\"__7 _355\"></span>ode \u00ab T<span class=\"__7 _361\"></span>raditi<span class=\"__7 _355\"></span>onal Unit C<span class=\"__7 _355\"></span>redit \u00bb pour le<span class=\"__7 _355\"></span>s plan<span class=\"__7 _355\"></span>s \u00ab contributi<span class=\"__7 _355\"></span>ons d\u00e9finie<span class=\"__7 _355\"></span>s \u00bb et \u00ab cash ba<span class=\"__7 _355\"></span>lanc<span class=\"__7 _355\"></span>e \u00bb, con<span class=\"__7 _355\"></span>form\u00e9men<span class=\"__7 _355\"></span>t aux principe<span class=\"__7 _355\"></span>s de l\u2019IAS 19<span class=\"__7 _361\"></span>. Un calcul de la va<span class=\"__7 _355\"></span>leur act<span class=\"__7 _355\"></span>uelle des pre<span class=\"__7 _355\"></span>stati<span class=\"__7 _355\"></span>ons promi<span class=\"__7 _355\"></span>ses est f<span class=\"__7 _355\"></span>ait. Cett<span class=\"__7 _355\"></span>e valeur a<span class=\"__7 _355\"></span>ctuelle calc<span class=\"__7 _355\"></span>ul\u00e9e est alor<span class=\"__7 _355\"></span>s compa<span class=\"__7 _355\"></span>r\u00e9e au fina<span class=\"__7 _355\"></span>ncemen<span class=\"__7 _355\"></span>t exis<span class=\"__7 _355\"></span>tan<span class=\"__7 _355\"></span>t et g\u00e9n\u00e8re<span class=\"__7 _355\"></span>, s\u2019il y a lieu<span class=\"__7 _355\"></span>, une pro<span class=\"__7 _355\"></span>vision com<span class=\"__7 _355\"></span>ptable<span class=\"__7 _355\"></span>. Le<span class=\"__7 _355\"></span>s co\u00fbts \u00e9t<span class=\"__7 _355\"></span>ablis par le<span class=\"__7 _355\"></span>s actuair<span class=\"__7 _355\"></span>es son<span class=\"__7 _355\"></span>t eux-m\u00eames<span class=\"__7 _355\"></span> compa<span class=\"__7 _355\"></span>r\u00e9<span class=\"__7 _355\"></span>s aux primes ou con<span class=\"__7 _361\"></span>tributions v<span class=\"__7 _355\"></span>ers\u00e9es pa<span class=\"__7 _355\"></span>r l\u2019<span class=\"__7 _361\"></span>employ<span class=\"__7 _355\"></span>eur \u00e0 l\u2019<span class=\"__7 _358\"></span>organism<span class=\"__7 _355\"></span>e de financem<span class=\"__7 _355\"></span>ent et g\u00e9n\u00e8r<span class=\"__7 _355\"></span>ent, s\u2019il y a li<span class=\"__7 _355\"></span>eu, une c<span class=\"__7 _355\"></span>harge suppl\u00e9m<span class=\"__7 _355\"></span>entair<span class=\"__7 _355\"></span>e au comp<span class=\"__7 _355\"></span>te de r<span class=\"__7 _355\"></span>\u00e9sultat<span class=\"__7 _355\"></span>s consolid\u00e9<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>e mont<span class=\"__7 _355\"></span>ant c<span class=\"__7 _355\"></span>ompta<span class=\"__7 _355\"></span>bilis\u00e9 au bil<span class=\"__7 _355\"></span>an corre<span class=\"__7 _355\"></span>spond \u00e0 la va<span class=\"__7 _355\"></span>leur actu<span class=\"__7 _355\"></span>alis\u00e9e des en<span class=\"__7 _355\"></span>gagement<span class=\"__7 _355\"></span>s de pen<span class=\"__7 _359\"></span><span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>sion diminu\u00e9e de l<span class=\"__7 _355\"></span>a jus<span class=\"__7 _355\"></span>te va<span class=\"__7 _355\"></span>leur des actifs de<span class=\"__7 _355\"></span>s plan<span class=\"__7 _355\"></span>s de pension, con<span class=\"__7 _355\"></span>form\u00e9m<span class=\"__7 _355\"></span>ent aux prin<span class=\"__7 _355\"></span>cipes de la norme I<span class=\"__7 _355\"></span>AS 19<span class=\"__7 _355\"></span>. L<span class=\"__7 _355\"></span>es diff\u00e9ren<span class=\"__7 _355\"></span>ces act<span class=\"__7 _355\"></span>uarielle<span class=\"__7 _355\"></span>s, les diff\u00e9r<span class=\"__7 _355\"></span>ences en<span class=\"__7 _355\"></span>tre le r<span class=\"__7 _355\"></span>endemen<span class=\"__7 _355\"></span>t r\u00e9el e<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span>le ren<span class=\"__7 _355\"></span>dement norm<span class=\"__7 _355\"></span>atif sur le<span class=\"__7 _355\"></span>s actifs ainsi que l\u2019<span class=\"__7 _358\"></span>effet d<span class=\"__7 _355\"></span>u plaf<span class=\"__7 _355\"></span>onnemen<span class=\"__7 _355\"></span>t de l\u2019<span class=\"__7 _355\"></span>actif net (e<span class=\"__7 _355\"></span>xc<span class=\"__7 _355\"></span>luan<span class=\"__7 _355\"></span>t l\u2019<span class=\"__7 _358\"></span>effet d\u2019in<span class=\"__7 _355\"></span>t\u00e9r\u00ea<span class=\"__7 _355\"></span>t) sont in<span class=\"__7 _355\"></span>t\u00e9gr<span class=\"__7 _355\"></span>alemen<span class=\"__7 _355\"></span>t compta<span class=\"__7 _355\"></span>bilis\u00e9s en c<span class=\"__7 _355\"></span>apitaux pr<span class=\"__7 _355\"></span>opre<span class=\"__7 _355\"></span>s, sans r<span class=\"__7 _355\"></span>ecla<span class=\"__7 _355\"></span>ssemen<span class=\"__7 _355\"></span>t ult\u00e9rie<span class=\"__7 _355\"></span>ur en r\u00e9<span class=\"__7 _355\"></span>sultat.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es pla<span class=\"__7 _355\"></span>ns d\u2019in<span class=\"__7 _355\"></span>t\u00e9re<span class=\"__7 _355\"></span>ssemen<span class=\"__7 _355\"></span>t attribu\u00e9<span class=\"__7 _355\"></span>s sont com<span class=\"__7 _355\"></span>ptab<span class=\"__7 _355\"></span>ilis\u00e9s con<span class=\"__7 _355\"></span>form<span class=\"__7 _355\"></span>\u00e9ment \u00e0 l<span class=\"__7 _355\"></span>a norme IF<span class=\"__7 _355\"></span>RS 2.<span class=\"__7 _355\"></span> Selon cett<span class=\"__7 _355\"></span>e norme, l<span class=\"__7 _355\"></span>a jus<span class=\"__7 _355\"></span>te vale<span class=\"__7 _355\"></span>ur des opti<span class=\"__7 _355\"></span>ons \u00e0 la da<span class=\"__7 _355\"></span>te d\u2019<span class=\"__7 _361\"></span>attribution e<span class=\"__7 _355\"></span>st prise en com<span class=\"__7 _355\"></span>pte de r\u00e9<span class=\"__7 _355\"></span>sultats su<span class=\"__7 _355\"></span>r la p\u00e9riode d\u2019<span class=\"__7 _361\"></span>acquisition des d<span class=\"__7 _355\"></span>roits (v<span class=\"__7 _355\"></span>esting peri<span class=\"__7 _355\"></span>od). Le<span class=\"__7 _355\"></span>s option<span class=\"__7 _355\"></span>s sont v<span class=\"__7 _355\"></span>aloris\u00e9e<span class=\"__7 _355\"></span>s en utilisan<span class=\"__7 _355\"></span>t un mod\u00e8le de v<span class=\"__7 _355\"></span>alorisa<span class=\"__7 _355\"></span>tion commun\u00e9m<span class=\"__7 _355\"></span>ent admi<span class=\"__7 _355\"></span>s sur la base de<span class=\"__7 _355\"></span>s condition<span class=\"__7 _355\"></span>s de mar<span class=\"__7 _355\"></span>ch\u00e9 en vigue<span class=\"__7 _355\"></span>ur au momen<span class=\"__7 _355\"></span>t de leur attrib<span class=\"__7 _355\"></span>ution.<span class=\"__7 _357\"> </span>P<span class=\"__7 _361\"></span>assifs fin<span class=\"__7 _355\"></span>anciers<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es in<span class=\"__7 _355\"></span>strumen<span class=\"__7 _355\"></span>ts financi<span class=\"__7 _355\"></span>ers d\u00e9riv\u00e9s s<span class=\"__7 _355\"></span>ont initia<span class=\"__7 _355\"></span>lement enr<span class=\"__7 _355\"></span>egistr<span class=\"__7 _355\"></span>\u00e9s \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeur e<span class=\"__7 _355\"></span>t r\u00e9\u00e9<span class=\"__7 _355\"></span>valu\u00e9<span class=\"__7 _355\"></span>s \u00e0 chaq<span class=\"__7 _355\"></span>ue date de c<span class=\"__7 _355\"></span>l\u00f4tur<span class=\"__7 _355\"></span>e. L<span class=\"__7 _355\"></span>es v<span class=\"__7 _355\"></span>ariati<span class=\"__7 _355\"></span>ons de j<span class=\"__7 _355\"></span>uste v<span class=\"__7 _355\"></span>aleur s<span class=\"__7 _355\"></span>ont enr<span class=\"__7 _355\"></span>egistr\u00e9<span class=\"__7 _355\"></span>es dan<span class=\"__7 _355\"></span>s le compt<span class=\"__7 _355\"></span>e de r\u00e9<span class=\"__7 _355\"></span>sultats<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es dett<span class=\"__7 _355\"></span>es commer<span class=\"__7 _355\"></span>ciales<span class=\"__7 _355\"></span>, emprunts e<span class=\"__7 _355\"></span>t les d\u00e9couv<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>ts ba<span class=\"__7 _355\"></span>ncaire<span class=\"__7 _355\"></span>s sont \u00e9<span class=\"__7 _355\"></span>valu\u00e9<span class=\"__7 _355\"></span>s initialemen<span class=\"__7 _355\"></span>t \u00e0 la j<span class=\"__7 _355\"></span>uste v<span class=\"__7 _355\"></span>aleur min<span class=\"__7 _355\"></span>or\u00e9e des c<span class=\"__7 _355\"></span>o\u00fbts de tra<span class=\"__7 _355\"></span>nsacti<span class=\"__7 _355\"></span>on qui sont dir<span class=\"__7 _355\"></span>ectem<span class=\"__7 _355\"></span>ent a<span class=\"__7 _355\"></span>ttribuable<span class=\"__7 _355\"></span>s \u00e0 leur acqui<span class=\"__7 _355\"></span>sition ou \u00e0 leur \u00e9mis<span class=\"__7 _355\"></span>sion et, par l<span class=\"__7 _355\"></span>a suite, au c<span class=\"__7 _355\"></span>o\u00fbt amorti.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es dett<span class=\"__7 _355\"></span>es enver<span class=\"__7 _355\"></span>s les filiale<span class=\"__7 _355\"></span>s sont d\u00e9sign<span class=\"__7 _355\"></span>\u00e9es \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeur vi<span class=\"__7 _355\"></span>a le compt<span class=\"__7 _355\"></span>e de r\u00e9sult<span class=\"__7 _355\"></span>ats.<span class=\"__7 _357\"> </span>IF<span class=\"__7 _355\"></span>RS 16 <span class=\"__7 _356\"></span>\u2013 <span class=\"__7 _359\"></span>Con<span class=\"__7 _355\"></span>tra<span class=\"__7 _355\"></span>ts <span class=\"__7 _359\"></span>de <span class=\"__7 _359\"></span>location<span class=\"__7 gs8_2\"> </span>: <span class=\"__7 _359\"></span>lorsqu\u2019un <span class=\"__7 _359\"></span>con<span class=\"__7 _355\"></span>tra<span class=\"__7 _355\"></span>t <span class=\"__7 _359\"></span>de <span class=\"__7 _359\"></span>location <span class=\"__7 _359\"></span>es<span class=\"__7 _355\"></span>t <span class=\"__7 _359\"></span>conclu <span class=\"__7 _359\"></span>(si <span class=\"__7 _359\"></span>ce <span class=\"__7 _359\"></span>con<span class=\"__7 _355\"></span>tra<span class=\"__7 _355\"></span>t <span class=\"__7 _359\"></span>n\u2019<span class=\"__7 _358\"></span>est pas un c<span class=\"__7 _355\"></span>ontr<span class=\"__7 _355\"></span>at \u00e0 cou<span class=\"__7 _355\"></span>r<span class=\"__7 _359\"></span>t terme o<span class=\"__7 _355\"></span>u concerne u<span class=\"__7 _355\"></span>n actif de faible va<span class=\"__7 _355\"></span>leur), une dett<span class=\"__7 _355\"></span>e est r<span class=\"__7 _355\"></span>econnue pour l\u2019<span class=\"__7 _358\"></span>engagemen<span class=\"__7 _355\"></span>t y rela<span class=\"__7 _355\"></span>tif<span class=\"__7 _355\"></span>, valori<span class=\"__7 _355\"></span>s\u00e9e au co\u00fbt a<span class=\"__7 _355\"></span>morti, et l\u2019<span class=\"__7 _355\"></span>actif li<span class=\"__7 _355\"></span>\u00e9 est re<span class=\"__7 _355\"></span>connu comme immo<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>bilisa<span class=\"__7 _355\"></span>tion corpor<span class=\"__7 _355\"></span>elle.<span class=\"__7 _357\"> </span>Pr<span class=\"__7 _355\"></span>o<span class=\"__7 _355\"></span>visions<span class=\"__7 _357\"> </span>Une pr<span class=\"__7 _355\"></span>ovision e<span class=\"__7 _355\"></span>st con<span class=\"__7 _355\"></span>stitu\u00e9e lors<span class=\"__7 _355\"></span>qu\u2019il exist<span class=\"__7 _355\"></span>e une obligati<span class=\"__7 _355\"></span>on juridi<span class=\"__7 _355\"></span>que ou implicit<span class=\"__7 _355\"></span>e, \u00e0 la da<span class=\"__7 _355\"></span>te du bila<span class=\"__7 _355\"></span>n, qui r\u00e9sult<span class=\"__7 _355\"></span>e d\u2019un \u00e9v\u00e8n<span class=\"__7 _355\"></span>ement pa<span class=\"__7 _355\"></span>ss\u00e9 et don<span class=\"__7 _355\"></span>t il est pr<span class=\"__7 _355\"></span>obable qu\u2019<span class=\"__7 _358\"></span>elle engendr<span class=\"__7 _355\"></span>era des c<span class=\"__7 _355\"></span>harge<span class=\"__7 _355\"></span>s dont le m<span class=\"__7 _355\"></span>onta<span class=\"__7 _355\"></span>nt peut \u00ea<span class=\"__7 _355\"></span>tre es<span class=\"__7 _355\"></span>tim\u00e9 de mani\u00e8r<span class=\"__7 _355\"></span>e fiable<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>Imp\u00f4<span class=\"__7 _355\"></span>ts<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es imp\u00f4<span class=\"__7 _355\"></span>ts compr<span class=\"__7 _355\"></span>ennent le<span class=\"__7 _355\"></span>s imp\u00f4ts su<span class=\"__7 _355\"></span>r le r\u00e9sulta<span class=\"__7 _355\"></span>t et les im<span class=\"__7 _355\"></span>p\u00f4ts diff\u00e9r<span class=\"__7 _355\"></span>\u00e9s. L<span class=\"__7 _361\"></span>es imp\u00f4t<span class=\"__7 _355\"></span>s dif<span class=\"__7 _359\"></span>f\u00e9r<span class=\"__7 _355\"></span>\u00e9s son<span class=\"__7 _355\"></span>t compta<span class=\"__7 _355\"></span>bilis\u00e9<span class=\"__7 _355\"></span>s au compt<span class=\"__7 _355\"></span>e de r\u00e9<span class=\"__7 _355\"></span>sultats sa<span class=\"__7 _355\"></span>uf lorsqu\u2019ils c<span class=\"__7 _355\"></span>oncernen<span class=\"__7 _355\"></span>t des \u00e9l\u00e9men<span class=\"__7 _355\"></span>ts qui ont \u00e9<span class=\"__7 _355\"></span>t\u00e9 comp<span class=\"__7 _355\"></span>tabili<span class=\"__7 _355\"></span>s\u00e9s direc<span class=\"__7 _355\"></span>temen<span class=\"__7 _355\"></span>t dan<span class=\"__7 _355\"></span>s les capit<span class=\"__7 _355\"></span>aux propr<span class=\"__7 _355\"></span>es, a<span class=\"__7 _355\"></span>uquel cas ils son<span class=\"__7 _355\"></span>t \u00e9galemen<span class=\"__7 _355\"></span>t comp<span class=\"__7 _355\"></span>ta<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>bilis\u00e9<span class=\"__7 _355\"></span>s direct<span class=\"__7 _355\"></span>emen<span class=\"__7 _355\"></span>t dans c<span class=\"__7 _355\"></span>ette rubrique<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es imp\u00f4<span class=\"__7 _355\"></span>ts sur le r\u00e9<span class=\"__7 _355\"></span>sultat son<span class=\"__7 _355\"></span>t con<span class=\"__7 _355\"></span>stitu\u00e9s de<span class=\"__7 _355\"></span>s imp\u00f4ts \u00e0 pa<span class=\"__7 _355\"></span>yer sur les r<span class=\"__7 _355\"></span>even<span class=\"__7 _355\"></span>us imposa<span class=\"__7 _355\"></span>bles de l\u2019<span class=\"__7 _358\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _355\"></span>, ainsi que de to<span class=\"__7 _355\"></span>ut aju<span class=\"__7 _355\"></span>stemen<span class=\"__7 _355\"></span>t rela<span class=\"__7 _355\"></span>tif aux ex<span class=\"__7 _355\"></span>erci<span class=\"__7 _355\"></span>ces an<span class=\"__7 _355\"></span>t\u00e9rie<span class=\"__7 _355\"></span>urs.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es imp\u00f4<span class=\"__7 _355\"></span>ts diff\u00e9r\u00e9<span class=\"__7 _355\"></span>s sont c<span class=\"__7 _355\"></span>onstitu\u00e9<span class=\"__7 _355\"></span>s des imp\u00f4<span class=\"__7 _355\"></span>ts sur les b\u00e9n\u00e9fi<span class=\"__7 _355\"></span>ces \u00e0 pay<span class=\"__7 _355\"></span>er ou \u00e0 rec<span class=\"__7 _355\"></span>ouvrer a<span class=\"__7 _355\"></span>u cour<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _361\"></span>ex<span class=\"__7 _355\"></span>ercic<span class=\"__7 _355\"></span>es futur<span class=\"__7 _355\"></span>s au titre de<span class=\"__7 _355\"></span>s diff\u00e9ren<span class=\"__7 _355\"></span>ces tem<span class=\"__7 _355\"></span>porair<span class=\"__7 _355\"></span>es entr<span class=\"__7 _355\"></span>e la va<span class=\"__7 _355\"></span>leur comp<span class=\"__7 _355\"></span>table des<span class=\"__7 _355\"></span> actifs et p<span class=\"__7 _355\"></span>assifs in<span class=\"__7 _355\"></span>scrits au bil<span class=\"__7 _355\"></span>an et leur b<span class=\"__7 _355\"></span>ase fisc<span class=\"__7 _355\"></span>ale et au titr<span class=\"__7 _355\"></span>e du re<span class=\"__7 _355\"></span>por<span class=\"__7 _359\"></span>t de pertes fi<span class=\"__7 _355\"></span>scales<span class=\"__7 _355\"></span> non utilis<span class=\"__7 _355\"></span>\u00e9es.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>\u2019imp\u00f4t diff\u00e9r<span class=\"__7 _355\"></span>\u00e9 n\u2019<span class=\"__7 _c7\"></span>est pas com<span class=\"__7 _355\"></span>ptab<span class=\"__7 _355\"></span>ilis\u00e9 lorsq<span class=\"__7 _355\"></span>ue les diff\u00e9ren<span class=\"__7 _355\"></span>ces tem<span class=\"__7 _355\"></span>porair<span class=\"__7 _355\"></span>es pro<span class=\"__7 _355\"></span>viennen<span class=\"__7 _355\"></span>t d\u2019un goodwill non d\u00e9duc<span class=\"__7 _355\"></span>tible fiscalem<span class=\"__7 _355\"></span>ent, de la com<span class=\"__7 _355\"></span>pta<span class=\"__7 _355\"></span>bilisati<span class=\"__7 _355\"></span>on initiale d\u2019<span class=\"__7 _358\"></span>\u00e9l\u00e9ment<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _355\"></span>actifs ou de passifs r<span class=\"__7 _355\"></span>ela<span class=\"__7 _355\"></span>tifs \u00e0 une tra<span class=\"__7 _355\"></span>nsacti<span class=\"__7 _355\"></span>on qui n\u2019<span class=\"__7 _358\"></span>est pa<span class=\"__7 _355\"></span>s un regr<span class=\"__7 _355\"></span>oupemen<span class=\"__7 _355\"></span>t d\u2019<span class=\"__7 _361\"></span>entr<span class=\"__7 _355\"></span>eprise<span class=\"__7 _355\"></span>s et n\u2019<span class=\"__7 _361\"></span>affec<span class=\"__7 _355\"></span>te ni le b\u00e9n\u00e9fic<span class=\"__7 _355\"></span>e compt<span class=\"__7 _355\"></span>able, ni le b\u00e9n\u00e9<span class=\"__7 _355\"></span>fice imposa<span class=\"__7 _355\"></span>ble au momen<span class=\"__7 _355\"></span>t de la tra<span class=\"__7 _355\"></span>nsac<span class=\"__7 _355\"></span>tion, ou d\u2019inves<span class=\"__7 _355\"></span>tis<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>semen<span class=\"__7 _355\"></span>ts dan<span class=\"__7 _355\"></span>s des filia<span class=\"__7 _355\"></span>les tan<span class=\"__7 _355\"></span>t qu\u2019il est pr<span class=\"__7 _355\"></span>obable que l<span class=\"__7 _355\"></span>a dif<span class=\"__7 _359\"></span>f\u00e9r<span class=\"__7 _355\"></span>ence t<span class=\"__7 _355\"></span>emporair<span class=\"__7 _355\"></span>e ne s\u2019inver<span class=\"__7 _355\"></span>sera pas d<span class=\"__7 _355\"></span>ans un a<span class=\"__7 _355\"></span>venir pr<span class=\"__7 _355\"></span>\u00e9visible<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>Des imp\u00f4<span class=\"__7 _355\"></span>ts diff\u00e9r<span class=\"__7 _355\"></span>\u00e9s sur les pertes fi<span class=\"__7 _355\"></span>scale<span class=\"__7 _355\"></span>s non utilis\u00e9es n<span class=\"__7 _355\"></span>e sont r<span class=\"__7 _355\"></span>econnu<span class=\"__7 _355\"></span>s que pour auta<span class=\"__7 _355\"></span>nt que des b\u00e9n\u00e9<span class=\"__7 _355\"></span>fices im<span class=\"__7 _355\"></span>posables so<span class=\"__7 _355\"></span>ient su<span class=\"__7 _355\"></span>sceptible<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _361\"></span>\u00eatr<span class=\"__7 _355\"></span>e r\u00e9ali<span class=\"__7 _355\"></span>s\u00e9s, perme<span class=\"__7 _355\"></span>ttan<span class=\"__7 _355\"></span>t ainsi d\u2019utilis<span class=\"__7 _355\"></span>er lesdit<span class=\"__7 _355\"></span>es pertes.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es imp\u00f4<span class=\"__7 _355\"></span>ts sont c<span class=\"__7 _355\"></span>alcul\u00e9s a<span class=\"__7 _355\"></span>ux taux d\u2019impositi<span class=\"__7 _355\"></span>on qui ont \u00e9t<span class=\"__7 _355\"></span>\u00e9 adopt<span class=\"__7 _355\"></span>\u00e9s \u00e0 la da<span class=\"__7 _355\"></span>te de cl\u00f4t<span class=\"__7 _355\"></span>ure<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>Pr<span class=\"__7 _355\"></span>oduits e<span class=\"__7 _355\"></span>t charge<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es prod<span class=\"__7 _355\"></span>uits et charge<span class=\"__7 _355\"></span>s sont comp<span class=\"__7 _355\"></span>tabili<span class=\"__7 _355\"></span>s\u00e9s comme suit<span class=\"__7 gs8_2\"> </span>:<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _356\"></span>L<span class=\"__7 _355\"></span>es dividendes son<span class=\"__7 _355\"></span>t compt<span class=\"__7 _355\"></span>abilis\u00e9<span class=\"__7 _355\"></span>s en <span class=\"__7 _359\"></span>mon<span class=\"__7 _355\"></span>tan<span class=\"__7 _355\"></span>t brut <span class=\"__7 _359\"></span>dan<span class=\"__7 _355\"></span>s le compt<span class=\"__7 _355\"></span>e de <span class=\"__7 _359\"></span>r\u00e9<span class=\"__7 _355\"></span>sultat ;<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _356\"></span>L<span class=\"__7 _355\"></span>es produit<span class=\"__7 _355\"></span>s d\u2019int\u00e9r<span class=\"__7 _355\"></span>\u00eats son<span class=\"__7 _355\"></span>t <span class=\"__7 _359\"></span>enr<span class=\"__7 _355\"></span>egistr\u00e9<span class=\"__7 _355\"></span>s lorsqu\u2019ils son<span class=\"__7 _355\"></span>t acquis\u202f<span class=\"__7 gs8_2\"> </span>; \u2022 <span class=\"__7 _356\"></span>L<span class=\"__7 _355\"></span>es char<span class=\"__7 _355\"></span>ges d\u2019int<span class=\"__7 _355\"></span>\u00e9r\u00eats son<span class=\"__7 _355\"></span>t enregis<span class=\"__7 _355\"></span>tr\u00e9es d\u00e8s qu\u2019<span class=\"__7 _c7\"></span>elles sont encou<span class=\"__7 _355\"></span>rues<span class=\"__7 gs8_2\"> </span>; \u2022 <span class=\"__7 _359\"></span>L<span class=\"__7 _355\"></span>es r\u00e9<span class=\"__7 _355\"></span>sultats sur a<span class=\"__7 _355\"></span>ctifs non cour<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>ts et les r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>ts sur actifs co<span class=\"__7 _355\"></span>uran<span class=\"__7 _355\"></span>ts son<span class=\"__7 _355\"></span>t comp<span class=\"__7 _355\"></span>tabilis\u00e9<span class=\"__7 _355\"></span>s \u00e0 la dat<span class=\"__7 _355\"></span>e de <span class=\"__7 _359\"></span>la tra<span class=\"__7 _355\"></span>nsacti<span class=\"__7 _355\"></span>on qui <span class=\"__7 _359\"></span>les a g\u00e9n\u00e9r<span class=\"__7 _355\"></span>\u00e9s<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _356\"></span>L<span class=\"__7 _355\"></span>es autre<span class=\"__7 _355\"></span>s produits et ch<span class=\"__7 _355\"></span>arges son<span class=\"__7 _355\"></span>t compt<span class=\"__7 _355\"></span>abilis\u00e9<span class=\"__7 _355\"></span>s au moment de la tra<span class=\"__7 _355\"></span>nsacti<span class=\"__7 _355\"></span>on<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span>\u2022 So<span class=\"__7 _355\"></span>fina SA fournit de<span class=\"__7 _355\"></span>s ser<span class=\"__7 _359\"></span>vice<span class=\"__7 _355\"></span>s de gestion d\u2019inv<span class=\"__7 _355\"></span>estissem<span class=\"__7 _355\"></span>ents a<span class=\"__7 _355\"></span>ux filiales non c<span class=\"__7 _355\"></span>onsolid\u00e9e<span class=\"__7 _355\"></span>s. Chaque obliga<span class=\"__7 _355\"></span>tion de pr<span class=\"__7 _355\"></span>esta<span class=\"__7 _355\"></span>tion qui en d\u00e9co<span class=\"__7 _355\"></span>ule ress<span class=\"__7 _355\"></span>or<span class=\"__7 _359\"></span>t d\u2019un con<span class=\"__7 _355\"></span>tra<span class=\"__7 _355\"></span>t de service et le r<span class=\"__7 _355\"></span>evenu y<span class=\"__7 _355\"></span> rel<span class=\"__7 _355\"></span>atif es<span class=\"__7 _355\"></span>t reconnu a<span class=\"__7 _355\"></span>u fur et \u00e0 me<span class=\"__7 _355\"></span>sure que l\u2019<span class=\"__7 _358\"></span>obligati<span class=\"__7 _355\"></span>on de pres<span class=\"__7 _355\"></span>tation e<span class=\"__7 _355\"></span>st satisf<span class=\"__7 _355\"></span>aite (sur la du<span class=\"__7 _355\"></span>r\u00e9e du con<span class=\"__7 _355\"></span>tra<span class=\"__7 _355\"></span>t). L<span class=\"__7 _355\"></span>es services f<span class=\"__7 _355\"></span>ournis par le<span class=\"__7 _355\"></span>s filiales n<span class=\"__7 _355\"></span>on consoli<span class=\"__7 _355\"></span>d\u00e9es \u00e0 Sofina SA son<span class=\"__7 _355\"></span>t trait<span class=\"__7 _355\"></span>\u00e9s de la m\u00eame ma<span class=\"__7 _355\"></span>ni\u00e8re<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _364\"></span>L<span class=\"__7 _355\"></span>es re<span class=\"__7 _355\"></span>venus e<span class=\"__7 _355\"></span>t plus-v<span class=\"__7 _355\"></span>alues brut<span class=\"__7 _355\"></span>s des participa<span class=\"__7 _355\"></span>tions \u00e9<span class=\"__7 _355\"></span>tran<span class=\"__7 _355\"></span>g\u00e8res n<span class=\"__7 _355\"></span>on consolid\u00e9<span class=\"__7 _355\"></span>es sont c<span class=\"__7 _355\"></span>omp<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>tab<span class=\"__7 _355\"></span>ilis\u00e9es da<span class=\"__7 _355\"></span>ns le com<span class=\"__7 _355\"></span>pte de r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span>Prin<span class=\"__7 _355\"></span>cipaux jugemen<span class=\"__7 _355\"></span>ts com<span class=\"__7 _355\"></span>ptable<span class=\"__7 _355\"></span>s et principale<span class=\"__7 _355\"></span>s sourc<span class=\"__7 _355\"></span>es d\u2019incertitude da<span class=\"__7 _355\"></span>ns les estim<span class=\"__7 _355\"></span>ation<span class=\"__7 _355\"></span>s comp<span class=\"__7 _355\"></span>tables<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es principa<span class=\"__7 _355\"></span>les estim<span class=\"__7 _355\"></span>ation<span class=\"__7 _355\"></span>s compt<span class=\"__7 _355\"></span>ables con<span class=\"__7 _355\"></span>cernent l<span class=\"__7 _355\"></span>a valorisa<span class=\"__7 _355\"></span>tion du porte<span class=\"__7 _355\"></span>feuille d\u2019inv<span class=\"__7 _355\"></span>estis<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>semen<span class=\"__7 _355\"></span>t<span class=\"__7 gs8_2\"> </span><span class=\"__7 _356\"></span>: <span class=\"__7 _364\"></span>les <span class=\"__7 _356\"></span>hypoth<span class=\"__7 _355\"></span>\u00e8ses <span class=\"__7 _356\"></span>et <span class=\"__7 _356\"></span>jugemen<span class=\"__7 _355\"></span>ts <span class=\"__7 _356\"></span>significatifs <span class=\"__7 _356\"></span>son<span class=\"__7 _355\"></span>t <span class=\"__7 _364\"></span>discut<span class=\"__7 _355\"></span>\u00e9s <span class=\"__7 _356\"></span>dans <span class=\"__7 _356\"></span>l\u2019<span class=\"__7 _361\"></span>annex<span class=\"__7 _355\"></span>e <span class=\"__7 _364\"></span>r<span class=\"__7 _355\"></span>elativ<span class=\"__7 _355\"></span>e <span class=\"__7 _364\"></span>\u00e0 <span class=\"__7 _364\"></span>la ju<span class=\"__7 _355\"></span>ste v<span class=\"__7 _355\"></span>aleur du porte<span class=\"__7 _355\"></span>feuille so<span class=\"__7 _355\"></span>us le poin<span class=\"__7 _355\"></span>t 2.4 ci-dessus<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es j<span class=\"__7 _355\"></span>ugements signifi<span class=\"__7 _355\"></span>catifs po<span class=\"__7 _355\"></span>s\u00e9s par So<span class=\"__7 _355\"></span>fina dan<span class=\"__7 _355\"></span>s la d\u00e9termin<span class=\"__7 _355\"></span>ation de son s<span class=\"__7 _355\"></span>tatut d\u2019<span class=\"__7 _355\"></span>En<span class=\"__7 _355\"></span>tit\u00e9 d\u2019<span class=\"__7 _355\"></span>In<span class=\"__7 _359\"></span><span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>ve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t son<span class=\"__7 _355\"></span>t rela<span class=\"__7 _355\"></span>tifs \u00e0 l\u2019<span class=\"__7 _355\"></span>appr\u00e9<span class=\"__7 _355\"></span>ciation de l\u2019<span class=\"__7 _c7\"></span>existen<span class=\"__7 _355\"></span>ce d\u2019une str<span class=\"__7 _355\"></span>at<span class=\"__7 _355\"></span>\u00e9gie de d\u00e9sinve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t sur les inv<span class=\"__7 _355\"></span>estiss<span class=\"__7 _355\"></span>ements en porte<span class=\"__7 _355\"></span>feuille<span class=\"__7 _355\"></span>, ainsi qu\u2019<span class=\"__7 _361\"></span>\u00e0 l\u2019<span class=\"__7 _355\"></span>appr<span class=\"__7 _355\"></span>\u00e9ciation de c<span class=\"__7 _355\"></span>ette str<span class=\"__7 _355\"></span>at<span class=\"__7 _355\"></span>\u00e9gie de d\u00e9sin<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>ve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t sur les inv<span class=\"__7 _355\"></span>estissem<span class=\"__7 _355\"></span>ents d\u00e9<span class=\"__7 _355\"></span>tenus p<span class=\"__7 _355\"></span>ar les filia<span class=\"__7 _355\"></span>les plut\u00f4<span class=\"__7 _355\"></span>t que sur les pa<span class=\"__7 _355\"></span>r<span class=\"__7 _359\"></span>ticipa<span class=\"__7 _355\"></span>tions<span class=\"__7 _355\"></span> direc<span class=\"__7 _355\"></span>tes da<span class=\"__7 _355\"></span>ns ce<span class=\"__7 _355\"></span>s filiales<span class=\"__7 _355\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentEntitiesExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-247": {
   "value": "Sofina SA",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-248": {
   "value": "Sofina SA",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-249": {
   "value": "soci\u00e9t\u00e9 anonyme",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-250": {
   "value": "rue de l\u2019Industrie, 31 \u00e0 1040 Bruxelles ",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-251": {
   "value": "rue de l\u2019Industrie, 31 \u00e0 1040 Bruxelles ",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-252": {
   "value": "<div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws7_6 gsa_1\">L<span class=\"__6 _336\"></span>es \u00e9<span class=\"__6 _336\"></span>ta<span class=\"__6 _336\"></span>ts fina<span class=\"__6 _336\"></span>ncier<span class=\"__6 _336\"></span>s con<span class=\"__6 _336\"></span>solid\u00e9<span class=\"__6 _336\"></span>s du gr<span class=\"__6 _336\"></span>oupe So<span class=\"__6 _336\"></span>fina au 3<span class=\"__6 _336\"></span>1 d\u00e9cem<span class=\"__6 _336\"></span>br<span class=\"__6 _336\"></span>e 2<span class=\"__6 _336\"></span>02<span class=\"__6 _336\"></span>5 on<span class=\"__6 _336\"></span>t \u00e9t<span class=\"__6 _336\"></span>\u00e9 arr<span class=\"__6 _336\"></span>\u00eat<span class=\"__6 _336\"></span>\u00e9s pa<span class=\"__6 _336\"></span>r </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws8_6 gsb_1\">le Con<span class=\"__6 _336\"></span>seil d\u2019<span class=\"__6 _335\"></span>Administr<span class=\"__6 _336\"></span>a<span class=\"__6 _336\"></span>tion du 2<span class=\"__6 _336\"></span>6 ma<span class=\"__6 _336\"></span>rs 2<span class=\"__6 _336\"></span>0<span class=\"__6 _336\"></span>26<span class=\"__6 _336\"></span>, Il<span class=\"__6 _336\"></span>s ont \u00e9<span class=\"__6 _336\"></span>t\u00e9 \u00e9<span class=\"__6 _336\"></span>tabli<span class=\"__6 _336\"></span>s con<span class=\"__6 _336\"></span>f<span class=\"__6 _336\"></span>orm\u00e9men<span class=\"__6 _336\"></span>t au r<span class=\"__6 _336\"></span>\u00e9f<span class=\"__6 _336\"></span>\u00e9r<span class=\"__6 _336\"></span>en<span class=\"__6 _336\"></span>tiel </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gsc_1\">IF<span class=\"__6 _336\"></span>R<span class=\"__6 _336\"></span>S (In<span class=\"__6 _336\"></span>terna<span class=\"__6 _336\"></span>tion<span class=\"__6 _336\"></span>al Fin<span class=\"__6 _336\"></span>anci<span class=\"__6 _336\"></span>al R<span class=\"__6 _336\"></span>eporting S<span class=\"__6 _336\"></span>ta<span class=\"__6 _336\"></span>nda<span class=\"__6 _336\"></span>rd<span class=\"__6 _336\"></span>s) tel qu\u2019<span class=\"__6 _335\"></span>adopt\u00e9 d<span class=\"__6 _336\"></span>an<span class=\"__6 _336\"></span>s l\u2019Union eur<span class=\"__6 _336\"></span>op\u00e9enn<span class=\"__6 _336\"></span>e.<span class=\"__6 _341\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-253": {
   "value": " groupe Sofina",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-254": {
   "value": "<div class=\"t_6 m1_6 h6_6 ff4_6 fs3_6 fc0_6 sc0_6 ls7_6 ws9_6 gse_1\">PRINCIPES COMPT<span class=\"__6 _335\"></span>A<span class=\"__6 _336\"></span>BLE<span class=\"__6 _336\"></span>S<span class=\"__6 _341\"> </span></div><div class=\"t_6 m6_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls4_6 ws3_6 gsf_1\">L<span class=\"__6 _336\"></span>es n<span class=\"__6 _336\"></span>ormes<span class=\"__6 _336\"></span>, am<span class=\"__6 _336\"></span>endemen<span class=\"__6 _336\"></span>ts e<span class=\"__6 _336\"></span>t int<span class=\"__6 _336\"></span>erpr<span class=\"__6 _336\"></span>\u00e9ta<span class=\"__6 _336\"></span>tion<span class=\"__6 _336\"></span>s publi<span class=\"__6 _336\"></span>\u00e9s mai<span class=\"__6 _336\"></span>s non enc<span class=\"__6 _336\"></span>ore en vigue<span class=\"__6 _336\"></span>ur en 2<span class=\"__6 _336\"></span>0<span class=\"__6 _336\"></span>25 n<span class=\"__6 _336\"></span>\u2019<span class=\"__6 _335\"></span>on<span class=\"__6 _336\"></span>t </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs10_1\">pas \u00e9<span class=\"__6 _336\"></span>t\u00e9 adop<span class=\"__6 _336\"></span>t\u00e9<span class=\"__6 _336\"></span>s par a<span class=\"__6 _336\"></span>n<span class=\"__6 _336\"></span>ticipa<span class=\"__6 _336\"></span>tion pa<span class=\"__6 _336\"></span>r le gr<span class=\"__6 _336\"></span>oupe (cf<span class=\"__6 _342\"></span>. poin<span class=\"__6 _342\"></span>t 3.22 ci-desso<span class=\"__6 _342\"></span>us).<span class=\"__6 _341\"> </span></div><div class=\"t_6 m7_5 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws3_6 gs11_1\">L<span class=\"__6 _342\"></span>es principes<span class=\"__6 _342\"></span>, m\u00e9thodes e<span class=\"__6 _342\"></span>t <span class=\"__6 _343\"></span>tec<span class=\"__6 _336\"></span>hniques d\u2019<span class=\"__6 _335\"></span>\u00e9<span class=\"__6 _342\"></span>valua<span class=\"__6 _342\"></span>tion et de con<span class=\"__6 _342\"></span>solida<span class=\"__6 _342\"></span>tion utilis\u00e9s pou<span class=\"__6 _342\"></span>r ces \u00e9ta<span class=\"__6 _342\"></span>ts </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 wsa_6 gs12_1\">finan<span class=\"__6 _342\"></span>ciers con<span class=\"__6 _342\"></span>solid\u00e9s son<span class=\"__6 _342\"></span>t identique<span class=\"__6 _342\"></span>s \u00e0 ceux appliqu\u00e9<span class=\"__6 _342\"></span>s par le grou<span class=\"__6 _336\"></span>pe Sofina lor<span class=\"__6 _342\"></span>s de l\u2019<span class=\"__6 _342\"></span>\u00e9t<span class=\"__6 _336\"></span>ablis<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs13_1\">semen<span class=\"__6 _342\"></span>t des \u00e9ta<span class=\"__6 _342\"></span>ts financi<span class=\"__6 _336\"></span>ers con<span class=\"__6 _342\"></span>solid\u00e9s au 3<span class=\"__6 _342\"></span>1 d\u00e9cembr<span class=\"__6 _342\"></span>e 20<span class=\"__6 _342\"></span>24.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m8_5 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls8_6 wsb_6 gs14_1\">L<span class=\"__6 _342\"></span>e r\u00e9sum<span class=\"__6 _342\"></span>\u00e9 des principale<span class=\"__6 _342\"></span>s m\u00e9thodes c<span class=\"__6 _342\"></span>ompta<span class=\"__6 _342\"></span>bles est pr<span class=\"__6 _342\"></span>\u00e9sent<span class=\"__6 _342\"></span>\u00e9 au poin<span class=\"__6 _336\"></span>t 3.22 ci-de<span class=\"__6 _342\"></span>ssous<span class=\"__6 _342\"></span>.<span class=\"ls2_6 ws0_6\"> </span></div>3.22 R<span class=\"__7 _355\"></span>\u00c9S<span class=\"__7 _355\"></span>UM\u00c9 DE<span class=\"__7 _361\"></span>S M\u00c9THOD<span class=\"__7 _355\"></span>ES C<span class=\"__7 _355\"></span>OMPT<span class=\"__7 _c7\"></span>AB<span class=\"__7 _355\"></span>LE<span class=\"__7 _361\"></span>S SIGN<span class=\"__7 _355\"></span>IFIC<span class=\"__7 _355\"></span>A<span class=\"__7 _c7\"></span>TIVE<span class=\"__7 _355\"></span>S<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es nouv<span class=\"__7 _355\"></span>elles normes et in<span class=\"__7 _355\"></span>terpr\u00e9<span class=\"__7 _355\"></span>tation<span class=\"__7 _355\"></span>s suivan<span class=\"__7 _355\"></span>tes son<span class=\"__7 _355\"></span>t entr<span class=\"__7 _355\"></span>\u00e9es en vigueur en 20<span class=\"__7 _355\"></span>25<span class=\"__7 gs8_2\"> </span>:<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _364\"></span>Amendemen<span class=\"__7 _355\"></span>ts \u00e0 l\u2019I<span class=\"__7 _355\"></span>AS 21 - Effet<span class=\"__7 _355\"></span>s des va<span class=\"__7 _355\"></span>riation<span class=\"__7 _355\"></span>s des co<span class=\"__7 _355\"></span>urs des monn<span class=\"__7 _355\"></span>aies \u00e9tr<span class=\"__7 _355\"></span>ang\u00e8r<span class=\"__7 _355\"></span>es : M<span class=\"__7 _355\"></span>anque d\u2019<span class=\"__7 _358\"></span>\u00e9chan<span class=\"__7 _355\"></span>geabilit\u00e9 (a<span class=\"__7 _355\"></span>pplicables po<span class=\"__7 _355\"></span>ur les p\u00e9riodes a<span class=\"__7 _355\"></span>nnuelles ouv<span class=\"__7 _355\"></span>ertes \u00e0 comp<span class=\"__7 _355\"></span>ter du 1<span class=\"__7 _357\"> </span>er janvie<span class=\"__7 _359\"></span>r 2<span class=\"__7 _355\"></span>025)<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _355\"></span>applica<span class=\"__7 _355\"></span>tion de ce<span class=\"__7 _355\"></span>s normes et in<span class=\"__7 _355\"></span>terpr<span class=\"__7 _355\"></span>\u00e9ta<span class=\"__7 _355\"></span>tions n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _355\"></span>a cependa<span class=\"__7 _355\"></span>nt pa<span class=\"__7 _355\"></span>s d\u2019impact signific<span class=\"__7 _355\"></span>atif sur les<span class=\"__7 _355\"></span> comp<span class=\"__7 _355\"></span>tes de So<span class=\"__7 _355\"></span>fina.<span class=\"__7 _357\"> </span>Sofina n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _355\"></span>a pas a<span class=\"__7 _355\"></span>nticip\u00e9 l\u2019<span class=\"__7 _361\"></span>applica<span class=\"__7 _355\"></span>tion des n<span class=\"__7 _355\"></span>ormes et in<span class=\"__7 _355\"></span>terpr<span class=\"__7 _355\"></span>\u00e9tati<span class=\"__7 _355\"></span>ons nouv<span class=\"__7 _355\"></span>elles et a<span class=\"__7 _355\"></span>mend\u00e9es n<span class=\"__7 _355\"></span>on encor<span class=\"__7 _355\"></span>e applica<span class=\"__7 _355\"></span>bles pour la p\u00e9ri<span class=\"__7 _355\"></span>ode annuelle ouv<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>te \u00e0 com<span class=\"__7 _355\"></span>pter d<span class=\"__7 _355\"></span>u 1<span class=\"__7 _357\"> </span>er janvier 2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>5<span class=\"__7 gs8_2\"> </span>:<span class=\"__7 _357\"> </span>\u2022  IFR<span class=\"__7 _355\"></span>S 18 - Pr<span class=\"__7 _355\"></span>\u00e9sen<span class=\"__7 _355\"></span>tati<span class=\"__7 _355\"></span>on et inf<span class=\"__7 _355\"></span>ormati<span class=\"__7 _355\"></span>ons \u00e0 fo<span class=\"__7 _355\"></span>urnir dan<span class=\"__7 _355\"></span>s les \u00e9ta<span class=\"__7 _355\"></span>ts finan<span class=\"__7 _355\"></span>ciers (applic<span class=\"__7 _355\"></span>able pour les p\u00e9riode<span class=\"__7 _355\"></span>s annuelles o<span class=\"__7 _355\"></span>uvertes \u00e0 com<span class=\"__7 _355\"></span>pter d<span class=\"__7 _355\"></span>u 1<span class=\"__7 _357\"> </span>er janvi<span class=\"__7 _355\"></span>er 20<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>7 mais non enc<span class=\"__7 _355\"></span>ore adop<span class=\"__7 _355\"></span>t\u00e9e au nivea<span class=\"__7 _355\"></span>u <span class=\"__7 _359\"></span>eur<span class=\"__7 _355\"></span>op\u00e9en) ; \u2022 <span class=\"__7 _355\"></span>IFR<span class=\"__7 _355\"></span>S 19 - Filiales n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _355\"></span>ay<span class=\"__7 _355\"></span>ant p<span class=\"__7 _355\"></span>as d\u2019<span class=\"__7 _358\"></span>obli<span class=\"__7 _359\"></span>ga<span class=\"__7 _355\"></span>tion d\u2019inf<span class=\"__7 _355\"></span>ormation d<span class=\"__7 _355\"></span>u public : Inf<span class=\"__7 _355\"></span>ormati<span class=\"__7 _355\"></span>ons \u00e0 fo<span class=\"__7 _355\"></span>urnir (applica<span class=\"__7 _355\"></span>ble pour les p\u00e9riode<span class=\"__7 _355\"></span>s annuelle<span class=\"__7 _355\"></span>s ouvertes \u00e0 c<span class=\"__7 _355\"></span>ompter d<span class=\"__7 _355\"></span>u 1<span class=\"__7 _357\"> </span>er janvi<span class=\"__7 _355\"></span>er 20<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>7 mais non encor<span class=\"__7 _355\"></span>e adopt\u00e9e au niv<span class=\"__7 _355\"></span>eau europ\u00e9<span class=\"__7 _355\"></span>en) <span class=\"__7 _359\"></span>; \u2022 Am<span class=\"__7 _355\"></span>endemen<span class=\"__7 _355\"></span>ts \u00e0 IFR<span class=\"__7 _355\"></span>S 9 et IF<span class=\"__7 _355\"></span>R<span class=\"__7 _355\"></span>S 7 - Classemen<span class=\"__7 _355\"></span>t et \u00e9v<span class=\"__7 _355\"></span>alua<span class=\"__7 _355\"></span>tion des in<span class=\"__7 _355\"></span>strumen<span class=\"__7 _355\"></span>ts finan<span class=\"__7 _355\"></span>ciers (applica<span class=\"__7 _355\"></span>bles pour le<span class=\"__7 _355\"></span>s p\u00e9riodes ann<span class=\"__7 _355\"></span>uelles ouverte<span class=\"__7 _355\"></span>s \u00e0 compt<span class=\"__7 _355\"></span>er du 1<span class=\"__7 _357\"> </span>er janvi<span class=\"__7 _355\"></span>er 20<span class=\"__7 _355\"></span>26<span class=\"__7 _355\"></span>, mais non encor<span class=\"__7 _355\"></span>e adopt\u00e9<span class=\"__7 _355\"></span>s au niveau eur<span class=\"__7 _355\"></span>op\u00e9en) ; \u2022 Am<span class=\"__7 _355\"></span>\u00e9liora<span class=\"__7 _355\"></span>tions a<span class=\"__7 _355\"></span>nnuelles \u2013 V<span class=\"__7 _361\"></span>olume 11 (applica<span class=\"__7 _355\"></span>bles pour les p\u00e9ri<span class=\"__7 _355\"></span>odes annuelles o<span class=\"__7 _355\"></span>uvertes \u00e0 comp<span class=\"__7 _355\"></span>ter du 1<span class=\"__7 _357\"> </span>er janvi<span class=\"__7 _355\"></span>er 20<span class=\"__7 _355\"></span>26<span class=\"__7 _355\"></span>, mais non enc<span class=\"__7 _355\"></span>ore adop<span class=\"__7 _355\"></span>t\u00e9s au niv<span class=\"__7 _355\"></span>eau eur<span class=\"__7 _355\"></span>op\u00e9en) ; et<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _356\"></span>Amendem<span class=\"__7 _355\"></span>ents \u00e0 I<span class=\"__7 _355\"></span>FR<span class=\"__7 _355\"></span>S 9 et IFR<span class=\"__7 _361\"></span>S 7 - Contr<span class=\"__7 _355\"></span>ats f<span class=\"__7 _355\"></span>aisan<span class=\"__7 _355\"></span>t r\u00e9f<span class=\"__7 _355\"></span>\u00e9renc<span class=\"__7 _355\"></span>e \u00e0 l\u2019<span class=\"__7 _361\"></span>\u00e9lectricit<span class=\"__7 _355\"></span>\u00e9 d\u00e9pendan<span class=\"__7 _355\"></span>te de<span class=\"__7 _355\"></span> la na<span class=\"__7 _355\"></span>tur<span class=\"__7 _355\"></span>e (applicable<span class=\"__7 _355\"></span>s pour les p\u00e9riode<span class=\"__7 _355\"></span>s annuelles o<span class=\"__7 _355\"></span>uvertes \u00e0 com<span class=\"__7 _355\"></span>pter d<span class=\"__7 _355\"></span>u 1<span class=\"__7 _357\"> </span>er janvi<span class=\"__7 _355\"></span>er 20<span class=\"__7 _355\"></span>26<span class=\"__7 _355\"></span>, mais non enc<span class=\"__7 _355\"></span>ore adopt<span class=\"__7 _355\"></span>\u00e9s au niveau eur<span class=\"__7 _355\"></span>op\u00e9en);<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _364\"></span>Amendem<span class=\"__7 _355\"></span>ents \u00e0 IA<span class=\"__7 _355\"></span>S 21 - Effet<span class=\"__7 _355\"></span>s des vari<span class=\"__7 _355\"></span>ation<span class=\"__7 _355\"></span>s des cour<span class=\"__7 _355\"></span>s des monnai<span class=\"__7 _355\"></span>es \u00e9tr<span class=\"__7 _355\"></span>ang\u00e8r<span class=\"__7 _355\"></span>es : Conv<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span><span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>sion en monn<span class=\"__7 _355\"></span>aie de pr\u00e9<span class=\"__7 _355\"></span>senta<span class=\"__7 _355\"></span>tion hy<span class=\"__7 _355\"></span>perinfla<span class=\"__7 _355\"></span>tionnist<span class=\"__7 _355\"></span>e (applica<span class=\"__7 _355\"></span>ble pour les p\u00e9riode<span class=\"__7 _355\"></span>s annuelles<span class=\"__7 _355\"></span> ouverte<span class=\"__7 _355\"></span>s \u00e0 comp<span class=\"__7 _355\"></span>ter du 1<span class=\"__7 _357\"> </span>er janvi<span class=\"__7 _355\"></span>er 20<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>7 mais non enc<span class=\"__7 _355\"></span>ore adop<span class=\"__7 _355\"></span>t\u00e9s au niv<span class=\"__7 _355\"></span>eau eur<span class=\"__7 _355\"></span>op\u00e9en).<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _355\"></span>applica<span class=\"__7 _355\"></span>tion fut<span class=\"__7 _355\"></span>ure de ce<span class=\"__7 _355\"></span>s nouvelle<span class=\"__7 _355\"></span>s normes et in<span class=\"__7 _355\"></span>terpr<span class=\"__7 _355\"></span>\u00e9ta<span class=\"__7 _355\"></span>tions ne de<span class=\"__7 _355\"></span>vrait pa<span class=\"__7 _355\"></span>s avo<span class=\"__7 _355\"></span>ir d\u2019impact<span class=\"ls2_7 ws0_7\"> </span>significa<span class=\"__7 _355\"></span>tif sur les \u00e9ta<span class=\"__7 _355\"></span>ts fina<span class=\"__7 _355\"></span>nciers c<span class=\"__7 _355\"></span>onsolid\u00e9<span class=\"__7 _355\"></span>s.<span class=\"__7 _357\"> </span>Ba<span class=\"__7 _355\"></span>ses d\u2019<span class=\"__7 _358\"></span>\u00e9va<span class=\"__7 _355\"></span>lua<span class=\"__7 _355\"></span>tion<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es \u00e9ta<span class=\"__7 _355\"></span>ts fina<span class=\"__7 _355\"></span>nciers con<span class=\"__7 _355\"></span>solid\u00e9s I<span class=\"__7 _355\"></span>FR<span class=\"__7 _355\"></span>S sont pr<span class=\"__7 _355\"></span>\u00e9par<span class=\"__7 _355\"></span>\u00e9s sur la ba<span class=\"__7 _355\"></span>se de la j<span class=\"__7 _355\"></span>uste v<span class=\"__7 _355\"></span>aleur pa<span class=\"__7 _355\"></span>r le biais du r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>t net sauf le<span class=\"__7 _355\"></span>s cr\u00e9a<span class=\"__7 _355\"></span>nces e<span class=\"__7 _355\"></span>t dettes c<span class=\"__7 _355\"></span>ommercia<span class=\"__7 _355\"></span>les et soci<span class=\"__7 _355\"></span>ales qui son<span class=\"__7 _355\"></span>t valori<span class=\"__7 _355\"></span>s\u00e9es au<span class=\"__7 _355\"></span> co\u00fbt a<span class=\"__7 _355\"></span>morti.<span class=\"__7 _357\"> </span>Afin de re<span class=\"__7 _355\"></span>fl\u00e9ter l\u2019importa<span class=\"__7 _355\"></span>nce des donn\u00e9e<span class=\"__7 _355\"></span>s utilis\u00e9es lor<span class=\"__7 _355\"></span>s des \u00e9v<span class=\"__7 _355\"></span>alua<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur<span class=\"__7 _361\"></span>, le gro<span class=\"__7 _355\"></span>upe classe ce<span class=\"__7 _355\"></span>s \u00e9val<span class=\"__7 _355\"></span>uation<span class=\"__7 _355\"></span>s selon une hi\u00e9ra<span class=\"__7 _355\"></span>rchie qui se compo<span class=\"__7 _355\"></span>se des niveaux suiva<span class=\"__7 _355\"></span>nts<span class=\"__7 gs8_2\"> </span>:<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _359\"></span>Niveau <span class=\"__7 _355\"></span>1<span class=\"__7 gs8_2\"> </span><span class=\"__7 _355\"></span>:<span class=\"ff3_7 wsa7_1\"> des prix (non aj<span class=\"__7 _355\"></span>ust\u00e9<span class=\"__7 _355\"></span>s) cot<span class=\"__7 _355\"></span>\u00e9s sur des ma<span class=\"__7 _355\"></span>rch<span class=\"__7 _355\"></span>\u00e9s actifs pou<span class=\"__7 _355\"></span>r des actifs ou de<span class=\"__7 _355\"></span>s passifs </span>iden<span class=\"__7 _355\"></span>tiques<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _359\"></span>Niveau <span class=\"__7 _359\"></span>2<span class=\"__7 gs8_2\"> </span><span class=\"__7 _356\"></span>: <span class=\"__7 _356\"></span><span class=\"ff3_7 ws6f_4\">des donn\u00e9es a<span class=\"__7 _355\"></span>utres que le<span class=\"__7 _355\"></span>s prix cot<span class=\"__7 _355\"></span>\u00e9s vis\u00e9s a<span class=\"__7 _355\"></span>u niveau 1, qui son<span class=\"__7 _361\"></span>t obser<span class=\"__7 _359\"></span>vable<span class=\"__7 _355\"></span>s </span>pour l\u2019<span class=\"__7 _361\"></span>actif ou le pa<span class=\"__7 _355\"></span>ssif concern<span class=\"__7 _355\"></span>\u00e9, soit dir<span class=\"__7 _355\"></span>ectemen<span class=\"__7 _355\"></span>t (\u00e0 sav<span class=\"__7 _355\"></span>oir des prix) ou in<span class=\"__7 _355\"></span>direct<span class=\"__7 _355\"></span>ement (\u00e0<span class=\"__7 _355\"></span> sav<span class=\"__7 _355\"></span>oir des donn\u00e9es d\u00e9riv\u00e9<span class=\"__7 _355\"></span>es de prix)<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _359\"></span>Niveau <span class=\"__7 _361\"></span>3<span class=\"__7 gs8_2\"> </span><span class=\"__7 _355\"></span>: <span class=\"__7 _355\"></span><span class=\"ff3_7 ws25_7\">des donn\u00e9es r<span class=\"__7 _355\"></span>elativ<span class=\"__7 _355\"></span>es \u00e0 l\u2019<span class=\"__7 _361\"></span>actif ou au pa<span class=\"__7 _355\"></span>ssif qui ne sont p<span class=\"__7 _355\"></span>as bas\u00e9e<span class=\"__7 _355\"></span>s sur des donn\u00e9e<span class=\"__7 _355\"></span>s </span>observable<span class=\"__7 _355\"></span>s de mar<span class=\"__7 _355\"></span>ch\u00e9 (donn\u00e9e<span class=\"__7 _355\"></span>s non observables).<span class=\"__7 _357\"> </span>Prin<span class=\"__7 _355\"></span>cipes de con<span class=\"__7 _355\"></span>solidation<span class=\"__7 _357\"> </span>Con<span class=\"__7 _355\"></span>form\u00e9m<span class=\"__7 _355\"></span>ent \u00e0 son st<span class=\"__7 _355\"></span>atut d\u2019<span class=\"__7 _355\"></span>En<span class=\"__7 _355\"></span>tit\u00e9 d\u2019Inv<span class=\"__7 _355\"></span>estis<span class=\"__7 _355\"></span>sement, So<span class=\"__7 _355\"></span>fina ne con<span class=\"__7 _355\"></span>solide pas se<span class=\"__7 _355\"></span>s filiale<span class=\"__7 _355\"></span>s et n\u2019<span class=\"__7 _361\"></span>applique pa<span class=\"__7 _355\"></span>s <span class=\"__7 _359\"></span>la norme IF<span class=\"__7 _355\"></span>RS<span class=\"__7 gs8_2\"> </span>3 lor<span class=\"__7 _355\"></span>squ\u2019<span class=\"__7 _358\"></span>elle <span class=\"__7 _359\"></span>acqui<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>t le contr<span class=\"__7 _355\"></span>\u00f4le d\u2019une autre en<span class=\"__7 _355\"></span>tit\u00e9.<span class=\"__7 _357\"> </span>Il exis<span class=\"__7 _355\"></span>te une e<span class=\"__7 _355\"></span>xcep<span class=\"__7 _355\"></span>tion \u00e0 ce tr<span class=\"__7 _355\"></span>aitemen<span class=\"__7 _355\"></span>t pour les filia<span class=\"__7 _355\"></span>les ne f<span class=\"__7 _355\"></span>ournissan<span class=\"__7 _355\"></span>t que des service<span class=\"__7 _355\"></span>s li\u00e9s aux activit<span class=\"__7 _355\"></span>\u00e9s d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t de Sofina. C<span class=\"__7 _355\"></span>es filia<span class=\"__7 _355\"></span>les sont c<span class=\"__7 _355\"></span>onsolid\u00e9e<span class=\"__7 _355\"></span>s par in<span class=\"__7 _355\"></span>t\u00e9gra<span class=\"__7 _355\"></span>tion globale<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es participa<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s dan<span class=\"__7 _355\"></span>s les autr<span class=\"__7 _355\"></span>es filiale<span class=\"__7 _355\"></span>s, qui ne f<span class=\"__7 _355\"></span>ournissen<span class=\"__7 _355\"></span>t pas e<span class=\"__7 _355\"></span>xclu<span class=\"__7 _355\"></span>sivemen<span class=\"__7 _355\"></span>t des services li\u00e9s a<span class=\"__7 _355\"></span>ux activit\u00e9<span class=\"__7 _355\"></span>s d\u2019investi<span class=\"__7 _355\"></span>ssement de So<span class=\"__7 _355\"></span>fina, son<span class=\"__7 _355\"></span>t \u00e9galemen<span class=\"__7 _355\"></span>t \u00e9va<span class=\"__7 _355\"></span>lu\u00e9es \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r par le biai<span class=\"__7 _355\"></span>s du r\u00e9sult<span class=\"__7 _355\"></span>at net c<span class=\"__7 _355\"></span>onf<span class=\"__7 _355\"></span>orm\u00e9men<span class=\"__7 _355\"></span>t \u00e0 la norme IF<span class=\"__7 _355\"></span>RS 9<span class=\"__7 _361\"></span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es participa<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s dan<span class=\"__7 _355\"></span>s lesquelles Sofin<span class=\"__7 _355\"></span>a ex<span class=\"__7 _355\"></span>erce un<span class=\"__7 _355\"></span>e influenc<span class=\"__7 _355\"></span>e nota<span class=\"__7 _355\"></span>ble sont \u00e9ga<span class=\"__7 _355\"></span>lement, en applica<span class=\"__7 _355\"></span>tion des di<span class=\"__7 _355\"></span>spositions de l<span class=\"__7 _355\"></span>a norme IAS 2<span class=\"__7 _355\"></span>8, \u00a718, \u00e9v<span class=\"__7 _355\"></span>alu\u00e9e<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur par le bi<span class=\"__7 _355\"></span>ais du r\u00e9<span class=\"__7 _355\"></span>sultat ne<span class=\"__7 _355\"></span>t conf<span class=\"__7 _355\"></span>orm\u00e9men<span class=\"__7 _355\"></span>t \u00e0 la norme I<span class=\"__7 _355\"></span>FR<span class=\"__7 _355\"></span>S 9.<span class=\"__7 _357\"> </span>La list<span class=\"__7 _355\"></span>e des filiale<span class=\"__7 _355\"></span>s et entr<span class=\"__7 _355\"></span>eprise<span class=\"__7 _355\"></span>s associ\u00e9e<span class=\"__7 _355\"></span>s est pr<span class=\"__7 _355\"></span>\u00e9sen<span class=\"__7 _355\"></span>t\u00e9e ci-dessu<span class=\"__7 _355\"></span>s sous le poin<span class=\"__7 _361\"></span>t <span class=\"__7 _359\"></span>3<span class=\"__7 _355\"></span>.21. Ce<span class=\"__7 _355\"></span>tte list<span class=\"__7 _355\"></span>e ne repr<span class=\"__7 _355\"></span>end pa<span class=\"__7 _355\"></span>s les soci\u00e9t<span class=\"__7 _355\"></span>\u00e9s dan<span class=\"__7 _355\"></span>s lesquelle<span class=\"__7 _355\"></span>s Sofina d\u00e9ti<span class=\"__7 _355\"></span>ent plu<span class=\"__7 _355\"></span>s de 20% d<span class=\"__7 _355\"></span>u capital sa<span class=\"__7 _355\"></span>ns ex<span class=\"__7 _355\"></span>ercer u<span class=\"__7 _355\"></span>ne influen<span class=\"__7 _355\"></span>ce not<span class=\"__7 _355\"></span>able sur celles-ci, p<span class=\"__7 _355\"></span>arc<span class=\"__7 _355\"></span>e que, par e<span class=\"__7 _355\"></span>xemple<span class=\"__7 _355\"></span>, elle n\u2019<span class=\"__7 _361\"></span>a ni mand<span class=\"__7 _355\"></span>at de re<span class=\"__7 _355\"></span>pr\u00e9sen<span class=\"__7 _355\"></span>ta<span class=\"__7 _355\"></span>tion au con<span class=\"__7 _355\"></span>seil d\u2019<span class=\"__7 _355\"></span>adminis<span class=\"__7 _355\"></span>trati<span class=\"__7 _355\"></span>on de ces soci\u00e9<span class=\"__7 _355\"></span>t\u00e9s ni ne di<span class=\"__7 _355\"></span>spose de dr<span class=\"__7 _355\"></span>oits de v\u00e9t<span class=\"__7 _355\"></span>o (autr<span class=\"__7 _355\"></span>es que les dr<span class=\"__7 _355\"></span>oits de pr<span class=\"__7 _355\"></span>ote<span class=\"__7 _355\"></span>ction usuels<span class=\"__7 _355\"></span>, visan<span class=\"__7 _355\"></span>t nota<span class=\"__7 _355\"></span>mment de<span class=\"__7 _355\"></span>s r\u00e9orga<span class=\"__7 _355\"></span>nisati<span class=\"__7 _355\"></span>ons, a<span class=\"__7 _355\"></span>ugmen<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>ta<span class=\"__7 _355\"></span>tions de ca<span class=\"__7 _355\"></span>pital, et<span class=\"__7 _355\"></span>c.).<span class=\"__7 _357\"> </span>T<span class=\"__7 _358\"></span>ra<span class=\"__7 _355\"></span>nsaction<span class=\"__7 _355\"></span>s en monnaie<span class=\"__7 _355\"></span>s \u00e9tra<span class=\"__7 _355\"></span>ng\u00e8re<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es tr<span class=\"__7 _355\"></span>ansac<span class=\"__7 _355\"></span>tions en monn<span class=\"__7 _355\"></span>aies \u00e9tr<span class=\"__7 _355\"></span>ang\u00e8r<span class=\"__7 _355\"></span>es son<span class=\"__7 _355\"></span>t compt<span class=\"__7 _355\"></span>abilis\u00e9<span class=\"__7 _355\"></span>es au taux de c<span class=\"__7 _355\"></span>hange en vigue<span class=\"__7 _355\"></span>ur \u00e0 la da<span class=\"__7 _355\"></span>te de tra<span class=\"__7 _355\"></span>nsac<span class=\"__7 _355\"></span>tion.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>\u2019impact d<span class=\"__7 _355\"></span>u chan<span class=\"__7 _355\"></span>ge est comp<span class=\"__7 _355\"></span>tabili<span class=\"__7 _355\"></span>s\u00e9 dan<span class=\"__7 _355\"></span>s le compt<span class=\"__7 _355\"></span>e de r\u00e9sult<span class=\"__7 _355\"></span>ats pa<span class=\"__7 _355\"></span>rmi les \u00ab Autr<span class=\"__7 _355\"></span>es r\u00e9<span class=\"__7 _355\"></span>sultats<span class=\"__7 _355\"></span> finan<span class=\"__7 _355\"></span>ciers \u00bb.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es actifs e<span class=\"__7 _355\"></span>t passifs mon<span class=\"__7 _355\"></span>\u00e9taire<span class=\"__7 _355\"></span>s libell\u00e9s en monnai<span class=\"__7 _355\"></span>es \u00e9tr<span class=\"__7 _355\"></span>ang\u00e8r<span class=\"__7 _355\"></span>es sont c<span class=\"__7 _355\"></span>onvertis aux taux de<span class=\"__7 _355\"></span> cl\u00f4t<span class=\"__7 _355\"></span>ure<span class=\"__7 _355\"></span>. Le<span class=\"__7 _355\"></span>s diff\u00e9ren<span class=\"__7 _355\"></span>ces de cha<span class=\"__7 _355\"></span>nge qui r\u00e9<span class=\"__7 _355\"></span>sulten<span class=\"__7 _355\"></span>t de ces tra<span class=\"__7 _355\"></span>nsac<span class=\"__7 _355\"></span>tions, ain<span class=\"__7 _355\"></span>si que les \u00e9ca<span class=\"__7 _355\"></span>rts de conver<span class=\"__7 _355\"></span>sion qui r<span class=\"__7 _355\"></span>\u00e9sulten<span class=\"__7 _355\"></span>t de la conver<span class=\"__7 _355\"></span>sion des actifs e<span class=\"__7 _355\"></span>t des passifs m<span class=\"__7 _355\"></span>on\u00e9tair<span class=\"__7 _355\"></span>es libell\u00e9s en monnai<span class=\"__7 _355\"></span>es \u00e9tra<span class=\"__7 _355\"></span>ng\u00e8r<span class=\"__7 _355\"></span>es, son<span class=\"__7 _355\"></span>t compt<span class=\"__7 _355\"></span>abilis\u00e9<span class=\"__7 _355\"></span>s au comp<span class=\"__7 _355\"></span>te de r\u00e9<span class=\"__7 _355\"></span>sultats<span class=\"__7 _355\"></span>. L<span class=\"__7 _355\"></span>es actifs et p<span class=\"__7 _355\"></span>assifs non mon\u00e9<span class=\"__7 _355\"></span>taires libell\u00e9<span class=\"__7 _355\"></span>s en monnaie<span class=\"__7 _355\"></span>s \u00e9tran<span class=\"__7 _355\"></span>g\u00e8re<span class=\"__7 _355\"></span>s sont conv<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>tis au t<span class=\"__7 _355\"></span>aux de chan<span class=\"__7 _355\"></span>ge en vigueur \u00e0 la da<span class=\"__7 _355\"></span>te de tra<span class=\"__7 _355\"></span>nsac<span class=\"__7 _355\"></span>tion.<span class=\"__7 _357\"> </span>La conver<span class=\"__7 _355\"></span>sion en eur<span class=\"__7 _355\"></span>o des \u00e9ta<span class=\"__7 _355\"></span>ts finan<span class=\"__7 _355\"></span>ciers des en<span class=\"__7 _355\"></span>trepri<span class=\"__7 _355\"></span>ses \u00e9tr<span class=\"__7 _355\"></span>ang\u00e8r<span class=\"__7 _355\"></span>es compri<span class=\"__7 _355\"></span>ses dan<span class=\"__7 _355\"></span>s la con<span class=\"__7 _355\"></span>solida<span class=\"__7 _355\"></span>tion est effe<span class=\"__7 _355\"></span>ctu\u00e9e au co<span class=\"__7 _355\"></span>urs de cl\u00f4<span class=\"__7 _355\"></span>ture po<span class=\"__7 _355\"></span>ur les comp<span class=\"__7 _355\"></span>tes de b<span class=\"__7 _355\"></span>ilan et au c<span class=\"__7 _355\"></span>ours de cha<span class=\"__7 _355\"></span>nge moy<span class=\"__7 _355\"></span>en de l\u2019<span class=\"__7 _361\"></span>ex<span class=\"__7 _355\"></span>ercice po<span class=\"__7 _355\"></span>ur les comp<span class=\"__7 _355\"></span>tes de r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>ts. L<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _358\"></span>\u00e9cart r\u00e9sult<span class=\"__7 _355\"></span>ant de l\u2019u<span class=\"__7 _355\"></span>tilisation de<span class=\"__7 _355\"></span> ces de<span class=\"__7 _355\"></span>ux cours diff<span class=\"__7 _355\"></span>\u00e9ren<span class=\"__7 _355\"></span>ts est port\u00e9 au b<span class=\"__7 _355\"></span>ilan con<span class=\"__7 _355\"></span>solid\u00e9 da<span class=\"__7 _355\"></span>ns les r<span class=\"__7 _355\"></span>\u00e9serves.<span class=\"__7 _357\"> </span>Prin<span class=\"__7 _355\"></span>cipaux taux de ch<span class=\"__7 _355\"></span>ange<span class=\"__7 _357\"> </span><table class=\"s_2 w2bd_1 h45\" id=\"_25e6e3fa-fd92-4fb6-902c-275802cbbcd3\"><tr><td></td><td class=\"c_2 n_2 x37f_1 y4b2_1 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x380_1 y4b2_1 w3_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4b3_1 w2be_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _c7\"></span>aux de cl\u00f4tur<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x381_1 y4b3_1 w2bf_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">1 EUR =<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x382_1 y4b3_1 w212_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">1 EUR =<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4b4_1 w2c0_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">USD<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x383_1 y4b4_1 w2c1_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,<span class=\"__7 _361\"></span>1750<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x384_1 y4b4_1 w2c2_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,0<span class=\"__7 _355\"></span>389<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4b5_1 w20c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls22_7 ws7c_1\">GBP<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x385_1 y4b5_1 w2c3_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls31_7 ws55_5\">0,<span class=\"__7 _359\"></span>8726<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x386_1 y4b5_1 w2c4_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">0,82<span class=\"__7 _355\"></span>92<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4b6_1 w2c5_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">CHF<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x387_1 y4b6_1 w2c6_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">0,9314<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x388_1 y4b6_1 w2c7_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">0,94<span class=\"__7 _355\"></span>12<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4b7_1 w2c8_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls56_3 wsae_1\">SGD<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x389_1 y4b7_1 w2c9_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,5<span class=\"__7 _355\"></span>105<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x38a_1 y4b7_1 w2ca_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,4164<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4b8_1 w201_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">CAD<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x38b_1 y4b8_1 w2cb_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,6088<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x38c_1 y4b8_1 w2cc_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,4948<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4b9_1 w2cd_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">INR<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x38d_1 y4b9_1 w2ce_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">105,5<span class=\"__7 _361\"></span>965<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x38e_1 y4b9_1 w2cf_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">88,9<span class=\"__7 _355\"></span>335<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4ba_1 w211_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">CNY<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x38f_1 y4ba_1 w2d0_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">8,2262<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x390_1 y4ba_1 w2d1_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">7<span class=\"__7 _361\"></span>,58<span class=\"__7 _355\"></span>33<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w2d2_1 h30_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff4_7 fs4_7 fc0_7 sc0_7 ls3d_5 ws69_4\">DKK<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x391_1 y35f_3 w2d3_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">7<span class=\"__7 _358\"></span>,4689<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x392_1 y35f_3 w2d4_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">7<span class=\"__7 _361\"></span>,45<span class=\"__7 _355\"></span>78<span class=\"__7 _357\"> </span></div></td></tr></table>Immobili<span class=\"__7 _355\"></span>sation<span class=\"__7 _355\"></span>s (in)corporelle<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es immobili<span class=\"__7 _355\"></span>sation<span class=\"__7 _355\"></span>s (in)corporelles s<span class=\"__7 _355\"></span>ont comp<span class=\"__7 _355\"></span>tabili<span class=\"__7 _355\"></span>s\u00e9es \u00e0 l\u2019<span class=\"__7 _361\"></span>actif du bila<span class=\"__7 _355\"></span>n \u00e0 leur va<span class=\"__7 _355\"></span>leur d\u2019<span class=\"__7 _355\"></span>acqui<span class=\"__7 _355\"></span>si<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>tion ou de pr<span class=\"__7 _355\"></span>oductio<span class=\"__7 _355\"></span>n, diminu\u00e9e des am<span class=\"__7 _355\"></span>ortissemen<span class=\"__7 _355\"></span>ts cumul\u00e9<span class=\"__7 _355\"></span>s et des d\u00e9pr<span class=\"__7 _355\"></span>\u00e9ciati<span class=\"__7 _355\"></span>ons \u00e9v<span class=\"__7 _355\"></span>ent<span class=\"__7 _355\"></span>uelles. L<span class=\"__7 _355\"></span>es immobili<span class=\"__7 _355\"></span>sation<span class=\"__7 _355\"></span>s (in)corporelle<span class=\"__7 _355\"></span>s sont a<span class=\"__7 _355\"></span>morties en fon<span class=\"__7 _355\"></span>ction de leur d<span class=\"__7 _355\"></span>ur\u00e9e d\u2019utilit<span class=\"__7 _355\"></span>\u00e9 estim\u00e9e<span class=\"__7 _355\"></span> suiva<span class=\"__7 _355\"></span>nt la m\u00e9<span class=\"__7 _355\"></span>thode d\u2019<span class=\"__7 _361\"></span>amortissemen<span class=\"__7 _355\"></span>t lin\u00e9air<span class=\"__7 _355\"></span>e.<span class=\"__7 _357\"> </span>\u2022 B\u00e2<span class=\"__7 _355\"></span>timent<span class=\"__7 gs8_2\"> </span>: 30 an<span class=\"__7 _355\"></span>s \u2022 Ma<span class=\"__7 _355\"></span>t\u00e9riel et mobili<span class=\"__7 _355\"></span>er<span class=\"__7 gs8_2\"> </span>: <span class=\"__7 _359\"></span>3 \u00e0 10 ans \u2022 Ma<span class=\"__7 _355\"></span>t\u00e9riel ro<span class=\"__7 _355\"></span>ulan<span class=\"__7 _355\"></span>t<span class=\"__7 gs8_2\"> </span>: 5 <span class=\"__7 _359\"></span>an<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span>\u2022 Licence<span class=\"__7 _355\"></span>s<span class=\"__7 gs8_2\"> </span>: 5 <span class=\"__7 _359\"></span>an<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span>P<span class=\"__7 _361\"></span>ar<span class=\"__7 _359\"></span>ticipa<span class=\"__7 _355\"></span>tions et c<span class=\"__7 _355\"></span>r\u00e9an<span class=\"__7 _355\"></span>ces<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es participa<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur son<span class=\"__7 _355\"></span>t enregis<span class=\"__7 _355\"></span>tr\u00e9es \u00e0 l<span class=\"__7 _355\"></span>a dat<span class=\"__7 _355\"></span>e de tran<span class=\"__7 _355\"></span>saction et s<span class=\"__7 _355\"></span>ont \u00e9v<span class=\"__7 _355\"></span>alu\u00e9e<span class=\"__7 _355\"></span>s \u00e0 leur j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es participa<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur son<span class=\"__7 _355\"></span>t cons<span class=\"__7 _355\"></span>titu\u00e9es de titr<span class=\"__7 _355\"></span>es qui son<span class=\"__7 _355\"></span>t acquis da<span class=\"__7 _355\"></span>ns le but d\u2019<span class=\"__7 _c7\"></span>ob<span class=\"__7 _359\"></span><span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>tenir de<span class=\"__7 _355\"></span>s rendemen<span class=\"__7 _355\"></span>ts sou<span class=\"__7 _355\"></span>s la forme de pl<span class=\"__7 _355\"></span>us-va<span class=\"__7 _355\"></span>lues en cap<span class=\"__7 _355\"></span>ital et/<span class=\"__7 _c7\"></span>ou de r<span class=\"__7 _355\"></span>evenu<span class=\"__7 _355\"></span>s d\u2019inves<span class=\"__7 _355\"></span>tisse<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>men<span class=\"__7 _355\"></span>ts. Elles son<span class=\"__7 _355\"></span>t \u00e9va<span class=\"__7 _355\"></span>lu\u00e9es \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e vale<span class=\"__7 _355\"></span>ur \u00e0 chaque da<span class=\"__7 _355\"></span>te de cl\u00f4<span class=\"__7 _355\"></span>ture<span class=\"__7 _355\"></span>. L<span class=\"__7 _355\"></span>es plus ou m<span class=\"__7 _355\"></span>oins-v<span class=\"__7 _355\"></span>alues la<span class=\"__7 _355\"></span>tent<span class=\"__7 _355\"></span>es son<span class=\"__7 _355\"></span>t compt<span class=\"__7 _355\"></span>abilis\u00e9e<span class=\"__7 _355\"></span>s direct<span class=\"__7 _355\"></span>ement d<span class=\"__7 _355\"></span>ans le c<span class=\"__7 _355\"></span>ompte de r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>ts. E<span class=\"__7 _355\"></span>n cas de ces<span class=\"__7 _355\"></span>sion, la diff\u00e9r<span class=\"__7 _355\"></span>ence entr<span class=\"__7 _355\"></span>e le prod<span class=\"__7 _355\"></span>uit net de la v<span class=\"__7 _355\"></span>ente e<span class=\"__7 _355\"></span>t la vale<span class=\"__7 _355\"></span>ur comp<span class=\"__7 _355\"></span>table est port\u00e9<span class=\"__7 _355\"></span>e en r\u00e9sulta<span class=\"__7 _355\"></span>t, soit au d\u00e9bit, so<span class=\"__7 _355\"></span>it au cr<span class=\"__7 _355\"></span>\u00e9dit.<span class=\"__7 _357\"> </span>D\u00e9p\u00f4t e<span class=\"__7 _355\"></span>t autre<span class=\"__7 _355\"></span>s actifs finan<span class=\"__7 _355\"></span>ciers cou<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>ts<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es commer<span class=\"__7 _355\"></span>ciales son<span class=\"__7 _361\"></span>t <span class=\"__7 _359\"></span>\u00e9v<span class=\"__7 _355\"></span>alu\u00e9e<span class=\"__7 _355\"></span>s au co\u00fbt am<span class=\"__7 _355\"></span>orti. <span class=\"__7 _359\"></span>La norme I<span class=\"__7 _355\"></span>FR<span class=\"__7 _355\"></span>S 9 requi<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>t la com<span class=\"__7 _355\"></span>p<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>tab<span class=\"__7 _355\"></span>ilisation de pert<span class=\"__7 _355\"></span>es de cr<span class=\"__7 _355\"></span>\u00e9dit sur tou<span class=\"__7 _355\"></span>s les instru<span class=\"__7 _355\"></span>ments de de<span class=\"__7 _355\"></span>ttes<span class=\"__7 _355\"></span>, pr\u00eats e<span class=\"__7 _355\"></span>t cr\u00e9a<span class=\"__7 _355\"></span>nces c<span class=\"__7 _355\"></span>ommer<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>ciale<span class=\"__7 _355\"></span>s sur la base de le<span class=\"__7 _355\"></span>ur dur\u00e9<span class=\"__7 _355\"></span>e de vie. Ce m<span class=\"__7 _355\"></span>od\u00e8le de per<span class=\"__7 _359\"></span>te de v<span class=\"__7 _355\"></span>aleur pr<span class=\"__7 _355\"></span>\u00e9vu par l<span class=\"__7 _355\"></span>a norme IF<span class=\"__7 _355\"></span>RS 9 est f<span class=\"__7 _355\"></span>ond\u00e9 sur l\u2019<span class=\"__7 _361\"></span>an<span class=\"__7 _355\"></span>ticipation de<span class=\"__7 _355\"></span>s pertes et n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _355\"></span>a pas d\u2019inci<span class=\"__7 _355\"></span>dence significa<span class=\"__7 _355\"></span>tive sur l\u2019<span class=\"__7 _358\"></span>\u00e9v<span class=\"__7 _355\"></span>alua<span class=\"__7 _355\"></span>tion des d\u00e9pr<span class=\"__7 _355\"></span>\u00e9cia<span class=\"__7 _355\"></span>tions d\u2019<span class=\"__7 _361\"></span>actifs fina<span class=\"__7 _355\"></span>nciers.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es d\u00e9p\u00f4<span class=\"__7 _355\"></span>ts sont d\u00e9<span class=\"__7 _355\"></span>sign\u00e9s \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r via le compt<span class=\"__7 _355\"></span>e de r\u00e9<span class=\"__7 _355\"></span>sultats<span class=\"__7 _355\"></span>. L<span class=\"__7 _355\"></span>es cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es sur les filia<span class=\"__7 _355\"></span>les son<span class=\"__7 _355\"></span>t d\u00e9sign\u00e9es \u00e0 l<span class=\"__7 _355\"></span>a jus<span class=\"__7 _355\"></span>te va<span class=\"__7 _355\"></span>leur via le comp<span class=\"__7 _355\"></span>te de r<span class=\"__7 _355\"></span>\u00e9sultat<span class=\"__7 _355\"></span>s.<span class=\"__7 _357\"> </span>La tr\u00e9<span class=\"__7 _355\"></span>sorerie e<span class=\"__7 _355\"></span>t les \u00e9quiva<span class=\"__7 _355\"></span>lents de tr<span class=\"__7 _355\"></span>\u00e9sor<span class=\"__7 _355\"></span>erie compr<span class=\"__7 _355\"></span>ennen<span class=\"__7 _355\"></span>t les liquidit<span class=\"__7 _355\"></span>\u00e9s et les d\u00e9p\u00f4<span class=\"__7 _355\"></span>ts \u00e0 terme<span class=\"__7 _355\"></span> \u00e0 moin<span class=\"__7 _355\"></span>s de troi<span class=\"__7 _355\"></span>s mois<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>Action<span class=\"__7 _355\"></span>s propr<span class=\"__7 _355\"></span>es<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es ach<span class=\"__7 _355\"></span>ats et le<span class=\"__7 _355\"></span>s ven<span class=\"__7 _355\"></span>tes d\u2019<span class=\"__7 _361\"></span>action<span class=\"__7 _355\"></span>s propr<span class=\"__7 _355\"></span>es son<span class=\"__7 _355\"></span>t por<span class=\"__7 _359\"></span>t\u00e9<span class=\"__7 _355\"></span>s, re<span class=\"__7 _355\"></span>spectivemen<span class=\"__7 _355\"></span>t, en diminution o<span class=\"__7 _355\"></span>u en augmen<span class=\"__7 _355\"></span>ta<span class=\"__7 _355\"></span>tion des cap<span class=\"__7 _355\"></span>itaux propr<span class=\"__7 _355\"></span>es. L<span class=\"__7 _361\"></span>es muta<span class=\"__7 _355\"></span>tions de l<span class=\"__7 _355\"></span>a p\u00e9riode sont j<span class=\"__7 _355\"></span>us<span class=\"__7 _355\"></span>tifi\u00e9es da<span class=\"__7 _355\"></span>ns le tablea<span class=\"__7 _355\"></span>u mon<span class=\"__7 _355\"></span>tran<span class=\"__7 _355\"></span>t l\u2019<span class=\"__7 _358\"></span>\u00e9voluti<span class=\"__7 _355\"></span>on des capit<span class=\"__7 _355\"></span>aux propr<span class=\"__7 _355\"></span>es. Auc<span class=\"__7 _355\"></span>un r\u00e9sult<span class=\"__7 _355\"></span>at n\u2019<span class=\"__7 _c7\"></span>est enregi<span class=\"__7 _355\"></span>str\u00e9 sur c<span class=\"__7 _355\"></span>es muta<span class=\"__7 _355\"></span>tions<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>A<span class=\"__7 _361\"></span>van<span class=\"__7 _355\"></span>tages du per<span class=\"__7 _355\"></span>sonnel<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>e personnel d<span class=\"__7 _355\"></span>u groupe b\u00e9n<span class=\"__7 _355\"></span>\u00e9ficie de pla<span class=\"__7 _355\"></span>ns de pensi<span class=\"__7 _355\"></span>on de t<span class=\"__7 _359\"></span>ype \u00ab pre<span class=\"__7 _355\"></span>sta<span class=\"__7 _355\"></span>tions d\u00e9fini<span class=\"__7 _355\"></span>es \u00bb, de type \u00ab contributi<span class=\"__7 _355\"></span>ons d\u00e9finie<span class=\"__7 _355\"></span>s \u00bb et \u00ab cash b<span class=\"__7 _355\"></span>alan<span class=\"__7 _355\"></span>ce \u00bb. Ces pl<span class=\"__7 _355\"></span>ans de pen<span class=\"__7 _355\"></span>sion son<span class=\"__7 _355\"></span>t financ\u00e9<span class=\"__7 _355\"></span>s par des con<span class=\"__7 _355\"></span>tribution<span class=\"__7 _355\"></span>s pro<span class=\"__7 _355\"></span>vena<span class=\"__7 _355\"></span>nt des soci<span class=\"__7 _355\"></span>\u00e9t\u00e9<span class=\"__7 _355\"></span>s et filiales d<span class=\"__7 _355\"></span>u groupe qui em<span class=\"__7 _355\"></span>ploien<span class=\"__7 _355\"></span>t du personn<span class=\"__7 _355\"></span>el et par de<span class=\"__7 _355\"></span>s contribu<span class=\"__7 _355\"></span>tions pr<span class=\"__7 _355\"></span>oven<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>t du personnel.<span class=\"__7 _357\"> </span>P<span class=\"__7 _361\"></span>our les r\u00e9gim<span class=\"__7 _355\"></span>es de pension, l<span class=\"__7 _355\"></span>a charge de<span class=\"__7 _355\"></span>s engagemen<span class=\"__7 _355\"></span>ts de pensi<span class=\"__7 _355\"></span>on est d\u00e9t<span class=\"__7 _355\"></span>ermin\u00e9e selon la m\u00e9th<span class=\"__7 _355\"></span>ode actua<span class=\"__7 _355\"></span>rielle \u00ab Pr<span class=\"__7 _355\"></span>oject<span class=\"__7 _355\"></span>ed Unit Cr<span class=\"__7 _355\"></span>edit \u00bb pour le pla<span class=\"__7 _355\"></span>n \u00ab pres<span class=\"__7 _355\"></span>tation<span class=\"__7 _355\"></span>s d\u00e9finies \u00bb e<span class=\"__7 _355\"></span>t selon la m\u00e9th<span class=\"__7 _355\"></span>ode \u00ab T<span class=\"__7 _361\"></span>raditi<span class=\"__7 _355\"></span>onal Unit C<span class=\"__7 _355\"></span>redit \u00bb pour le<span class=\"__7 _355\"></span>s plan<span class=\"__7 _355\"></span>s \u00ab contributi<span class=\"__7 _355\"></span>ons d\u00e9finie<span class=\"__7 _355\"></span>s \u00bb et \u00ab cash ba<span class=\"__7 _355\"></span>lanc<span class=\"__7 _355\"></span>e \u00bb, con<span class=\"__7 _355\"></span>form\u00e9men<span class=\"__7 _355\"></span>t aux principe<span class=\"__7 _355\"></span>s de l\u2019IAS 19<span class=\"__7 _361\"></span>. Un calcul de la va<span class=\"__7 _355\"></span>leur act<span class=\"__7 _355\"></span>uelle des pre<span class=\"__7 _355\"></span>stati<span class=\"__7 _355\"></span>ons promi<span class=\"__7 _355\"></span>ses est f<span class=\"__7 _355\"></span>ait. Cett<span class=\"__7 _355\"></span>e valeur a<span class=\"__7 _355\"></span>ctuelle calc<span class=\"__7 _355\"></span>ul\u00e9e est alor<span class=\"__7 _355\"></span>s compa<span class=\"__7 _355\"></span>r\u00e9e au fina<span class=\"__7 _355\"></span>ncemen<span class=\"__7 _355\"></span>t exis<span class=\"__7 _355\"></span>tan<span class=\"__7 _355\"></span>t et g\u00e9n\u00e8re<span class=\"__7 _355\"></span>, s\u2019il y a lieu<span class=\"__7 _355\"></span>, une pro<span class=\"__7 _355\"></span>vision com<span class=\"__7 _355\"></span>ptable<span class=\"__7 _355\"></span>. Le<span class=\"__7 _355\"></span>s co\u00fbts \u00e9t<span class=\"__7 _355\"></span>ablis par le<span class=\"__7 _355\"></span>s actuair<span class=\"__7 _355\"></span>es son<span class=\"__7 _355\"></span>t eux-m\u00eames<span class=\"__7 _355\"></span> compa<span class=\"__7 _355\"></span>r\u00e9<span class=\"__7 _355\"></span>s aux primes ou con<span class=\"__7 _361\"></span>tributions v<span class=\"__7 _355\"></span>ers\u00e9es pa<span class=\"__7 _355\"></span>r l\u2019<span class=\"__7 _361\"></span>employ<span class=\"__7 _355\"></span>eur \u00e0 l\u2019<span class=\"__7 _358\"></span>organism<span class=\"__7 _355\"></span>e de financem<span class=\"__7 _355\"></span>ent et g\u00e9n\u00e8r<span class=\"__7 _355\"></span>ent, s\u2019il y a li<span class=\"__7 _355\"></span>eu, une c<span class=\"__7 _355\"></span>harge suppl\u00e9m<span class=\"__7 _355\"></span>entair<span class=\"__7 _355\"></span>e au comp<span class=\"__7 _355\"></span>te de r<span class=\"__7 _355\"></span>\u00e9sultat<span class=\"__7 _355\"></span>s consolid\u00e9<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>e mont<span class=\"__7 _355\"></span>ant c<span class=\"__7 _355\"></span>ompta<span class=\"__7 _355\"></span>bilis\u00e9 au bil<span class=\"__7 _355\"></span>an corre<span class=\"__7 _355\"></span>spond \u00e0 la va<span class=\"__7 _355\"></span>leur actu<span class=\"__7 _355\"></span>alis\u00e9e des en<span class=\"__7 _355\"></span>gagement<span class=\"__7 _355\"></span>s de pen<span class=\"__7 _359\"></span><span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>sion diminu\u00e9e de l<span class=\"__7 _355\"></span>a jus<span class=\"__7 _355\"></span>te va<span class=\"__7 _355\"></span>leur des actifs de<span class=\"__7 _355\"></span>s plan<span class=\"__7 _355\"></span>s de pension, con<span class=\"__7 _355\"></span>form\u00e9m<span class=\"__7 _355\"></span>ent aux prin<span class=\"__7 _355\"></span>cipes de la norme I<span class=\"__7 _355\"></span>AS 19<span class=\"__7 _355\"></span>. L<span class=\"__7 _355\"></span>es diff\u00e9ren<span class=\"__7 _355\"></span>ces act<span class=\"__7 _355\"></span>uarielle<span class=\"__7 _355\"></span>s, les diff\u00e9r<span class=\"__7 _355\"></span>ences en<span class=\"__7 _355\"></span>tre le r<span class=\"__7 _355\"></span>endemen<span class=\"__7 _355\"></span>t r\u00e9el e<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span>le ren<span class=\"__7 _355\"></span>dement norm<span class=\"__7 _355\"></span>atif sur le<span class=\"__7 _355\"></span>s actifs ainsi que l\u2019<span class=\"__7 _358\"></span>effet d<span class=\"__7 _355\"></span>u plaf<span class=\"__7 _355\"></span>onnemen<span class=\"__7 _355\"></span>t de l\u2019<span class=\"__7 _355\"></span>actif net (e<span class=\"__7 _355\"></span>xc<span class=\"__7 _355\"></span>luan<span class=\"__7 _355\"></span>t l\u2019<span class=\"__7 _358\"></span>effet d\u2019in<span class=\"__7 _355\"></span>t\u00e9r\u00ea<span class=\"__7 _355\"></span>t) sont in<span class=\"__7 _355\"></span>t\u00e9gr<span class=\"__7 _355\"></span>alemen<span class=\"__7 _355\"></span>t compta<span class=\"__7 _355\"></span>bilis\u00e9s en c<span class=\"__7 _355\"></span>apitaux pr<span class=\"__7 _355\"></span>opre<span class=\"__7 _355\"></span>s, sans r<span class=\"__7 _355\"></span>ecla<span class=\"__7 _355\"></span>ssemen<span class=\"__7 _355\"></span>t ult\u00e9rie<span class=\"__7 _355\"></span>ur en r\u00e9<span class=\"__7 _355\"></span>sultat.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es pla<span class=\"__7 _355\"></span>ns d\u2019in<span class=\"__7 _355\"></span>t\u00e9re<span class=\"__7 _355\"></span>ssemen<span class=\"__7 _355\"></span>t attribu\u00e9<span class=\"__7 _355\"></span>s sont com<span class=\"__7 _355\"></span>ptab<span class=\"__7 _355\"></span>ilis\u00e9s con<span class=\"__7 _355\"></span>form<span class=\"__7 _355\"></span>\u00e9ment \u00e0 l<span class=\"__7 _355\"></span>a norme IF<span class=\"__7 _355\"></span>RS 2.<span class=\"__7 _355\"></span> Selon cett<span class=\"__7 _355\"></span>e norme, l<span class=\"__7 _355\"></span>a jus<span class=\"__7 _355\"></span>te vale<span class=\"__7 _355\"></span>ur des opti<span class=\"__7 _355\"></span>ons \u00e0 la da<span class=\"__7 _355\"></span>te d\u2019<span class=\"__7 _361\"></span>attribution e<span class=\"__7 _355\"></span>st prise en com<span class=\"__7 _355\"></span>pte de r\u00e9<span class=\"__7 _355\"></span>sultats su<span class=\"__7 _355\"></span>r la p\u00e9riode d\u2019<span class=\"__7 _361\"></span>acquisition des d<span class=\"__7 _355\"></span>roits (v<span class=\"__7 _355\"></span>esting peri<span class=\"__7 _355\"></span>od). Le<span class=\"__7 _355\"></span>s option<span class=\"__7 _355\"></span>s sont v<span class=\"__7 _355\"></span>aloris\u00e9e<span class=\"__7 _355\"></span>s en utilisan<span class=\"__7 _355\"></span>t un mod\u00e8le de v<span class=\"__7 _355\"></span>alorisa<span class=\"__7 _355\"></span>tion commun\u00e9m<span class=\"__7 _355\"></span>ent admi<span class=\"__7 _355\"></span>s sur la base de<span class=\"__7 _355\"></span>s condition<span class=\"__7 _355\"></span>s de mar<span class=\"__7 _355\"></span>ch\u00e9 en vigue<span class=\"__7 _355\"></span>ur au momen<span class=\"__7 _355\"></span>t de leur attrib<span class=\"__7 _355\"></span>ution.<span class=\"__7 _357\"> </span>P<span class=\"__7 _361\"></span>assifs fin<span class=\"__7 _355\"></span>anciers<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es in<span class=\"__7 _355\"></span>strumen<span class=\"__7 _355\"></span>ts financi<span class=\"__7 _355\"></span>ers d\u00e9riv\u00e9s s<span class=\"__7 _355\"></span>ont initia<span class=\"__7 _355\"></span>lement enr<span class=\"__7 _355\"></span>egistr<span class=\"__7 _355\"></span>\u00e9s \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeur e<span class=\"__7 _355\"></span>t r\u00e9\u00e9<span class=\"__7 _355\"></span>valu\u00e9<span class=\"__7 _355\"></span>s \u00e0 chaq<span class=\"__7 _355\"></span>ue date de c<span class=\"__7 _355\"></span>l\u00f4tur<span class=\"__7 _355\"></span>e. L<span class=\"__7 _355\"></span>es v<span class=\"__7 _355\"></span>ariati<span class=\"__7 _355\"></span>ons de j<span class=\"__7 _355\"></span>uste v<span class=\"__7 _355\"></span>aleur s<span class=\"__7 _355\"></span>ont enr<span class=\"__7 _355\"></span>egistr\u00e9<span class=\"__7 _355\"></span>es dan<span class=\"__7 _355\"></span>s le compt<span class=\"__7 _355\"></span>e de r\u00e9<span class=\"__7 _355\"></span>sultats<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es dett<span class=\"__7 _355\"></span>es commer<span class=\"__7 _355\"></span>ciales<span class=\"__7 _355\"></span>, emprunts e<span class=\"__7 _355\"></span>t les d\u00e9couv<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>ts ba<span class=\"__7 _355\"></span>ncaire<span class=\"__7 _355\"></span>s sont \u00e9<span class=\"__7 _355\"></span>valu\u00e9<span class=\"__7 _355\"></span>s initialemen<span class=\"__7 _355\"></span>t \u00e0 la j<span class=\"__7 _355\"></span>uste v<span class=\"__7 _355\"></span>aleur min<span class=\"__7 _355\"></span>or\u00e9e des c<span class=\"__7 _355\"></span>o\u00fbts de tra<span class=\"__7 _355\"></span>nsacti<span class=\"__7 _355\"></span>on qui sont dir<span class=\"__7 _355\"></span>ectem<span class=\"__7 _355\"></span>ent a<span class=\"__7 _355\"></span>ttribuable<span class=\"__7 _355\"></span>s \u00e0 leur acqui<span class=\"__7 _355\"></span>sition ou \u00e0 leur \u00e9mis<span class=\"__7 _355\"></span>sion et, par l<span class=\"__7 _355\"></span>a suite, au c<span class=\"__7 _355\"></span>o\u00fbt amorti.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es dett<span class=\"__7 _355\"></span>es enver<span class=\"__7 _355\"></span>s les filiale<span class=\"__7 _355\"></span>s sont d\u00e9sign<span class=\"__7 _355\"></span>\u00e9es \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeur vi<span class=\"__7 _355\"></span>a le compt<span class=\"__7 _355\"></span>e de r\u00e9sult<span class=\"__7 _355\"></span>ats.<span class=\"__7 _357\"> </span>IF<span class=\"__7 _355\"></span>RS 16 <span class=\"__7 _356\"></span>\u2013 <span class=\"__7 _359\"></span>Con<span class=\"__7 _355\"></span>tra<span class=\"__7 _355\"></span>ts <span class=\"__7 _359\"></span>de <span class=\"__7 _359\"></span>location<span class=\"__7 gs8_2\"> </span>: <span class=\"__7 _359\"></span>lorsqu\u2019un <span class=\"__7 _359\"></span>con<span class=\"__7 _355\"></span>tra<span class=\"__7 _355\"></span>t <span class=\"__7 _359\"></span>de <span class=\"__7 _359\"></span>location <span class=\"__7 _359\"></span>es<span class=\"__7 _355\"></span>t <span class=\"__7 _359\"></span>conclu <span class=\"__7 _359\"></span>(si <span class=\"__7 _359\"></span>ce <span class=\"__7 _359\"></span>con<span class=\"__7 _355\"></span>tra<span class=\"__7 _355\"></span>t <span class=\"__7 _359\"></span>n\u2019<span class=\"__7 _358\"></span>est pas un c<span class=\"__7 _355\"></span>ontr<span class=\"__7 _355\"></span>at \u00e0 cou<span class=\"__7 _355\"></span>r<span class=\"__7 _359\"></span>t terme o<span class=\"__7 _355\"></span>u concerne u<span class=\"__7 _355\"></span>n actif de faible va<span class=\"__7 _355\"></span>leur), une dett<span class=\"__7 _355\"></span>e est r<span class=\"__7 _355\"></span>econnue pour l\u2019<span class=\"__7 _358\"></span>engagemen<span class=\"__7 _355\"></span>t y rela<span class=\"__7 _355\"></span>tif<span class=\"__7 _355\"></span>, valori<span class=\"__7 _355\"></span>s\u00e9e au co\u00fbt a<span class=\"__7 _355\"></span>morti, et l\u2019<span class=\"__7 _355\"></span>actif li<span class=\"__7 _355\"></span>\u00e9 est re<span class=\"__7 _355\"></span>connu comme immo<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>bilisa<span class=\"__7 _355\"></span>tion corpor<span class=\"__7 _355\"></span>elle.<span class=\"__7 _357\"> </span>Pr<span class=\"__7 _355\"></span>o<span class=\"__7 _355\"></span>visions<span class=\"__7 _357\"> </span>Une pr<span class=\"__7 _355\"></span>ovision e<span class=\"__7 _355\"></span>st con<span class=\"__7 _355\"></span>stitu\u00e9e lors<span class=\"__7 _355\"></span>qu\u2019il exist<span class=\"__7 _355\"></span>e une obligati<span class=\"__7 _355\"></span>on juridi<span class=\"__7 _355\"></span>que ou implicit<span class=\"__7 _355\"></span>e, \u00e0 la da<span class=\"__7 _355\"></span>te du bila<span class=\"__7 _355\"></span>n, qui r\u00e9sult<span class=\"__7 _355\"></span>e d\u2019un \u00e9v\u00e8n<span class=\"__7 _355\"></span>ement pa<span class=\"__7 _355\"></span>ss\u00e9 et don<span class=\"__7 _355\"></span>t il est pr<span class=\"__7 _355\"></span>obable qu\u2019<span class=\"__7 _358\"></span>elle engendr<span class=\"__7 _355\"></span>era des c<span class=\"__7 _355\"></span>harge<span class=\"__7 _355\"></span>s dont le m<span class=\"__7 _355\"></span>onta<span class=\"__7 _355\"></span>nt peut \u00ea<span class=\"__7 _355\"></span>tre es<span class=\"__7 _355\"></span>tim\u00e9 de mani\u00e8r<span class=\"__7 _355\"></span>e fiable<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>Imp\u00f4<span class=\"__7 _355\"></span>ts<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es imp\u00f4<span class=\"__7 _355\"></span>ts compr<span class=\"__7 _355\"></span>ennent le<span class=\"__7 _355\"></span>s imp\u00f4ts su<span class=\"__7 _355\"></span>r le r\u00e9sulta<span class=\"__7 _355\"></span>t et les im<span class=\"__7 _355\"></span>p\u00f4ts diff\u00e9r<span class=\"__7 _355\"></span>\u00e9s. L<span class=\"__7 _361\"></span>es imp\u00f4t<span class=\"__7 _355\"></span>s dif<span class=\"__7 _359\"></span>f\u00e9r<span class=\"__7 _355\"></span>\u00e9s son<span class=\"__7 _355\"></span>t compta<span class=\"__7 _355\"></span>bilis\u00e9<span class=\"__7 _355\"></span>s au compt<span class=\"__7 _355\"></span>e de r\u00e9<span class=\"__7 _355\"></span>sultats sa<span class=\"__7 _355\"></span>uf lorsqu\u2019ils c<span class=\"__7 _355\"></span>oncernen<span class=\"__7 _355\"></span>t des \u00e9l\u00e9men<span class=\"__7 _355\"></span>ts qui ont \u00e9<span class=\"__7 _355\"></span>t\u00e9 comp<span class=\"__7 _355\"></span>tabili<span class=\"__7 _355\"></span>s\u00e9s direc<span class=\"__7 _355\"></span>temen<span class=\"__7 _355\"></span>t dan<span class=\"__7 _355\"></span>s les capit<span class=\"__7 _355\"></span>aux propr<span class=\"__7 _355\"></span>es, a<span class=\"__7 _355\"></span>uquel cas ils son<span class=\"__7 _355\"></span>t \u00e9galemen<span class=\"__7 _355\"></span>t comp<span class=\"__7 _355\"></span>ta<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>bilis\u00e9<span class=\"__7 _355\"></span>s direct<span class=\"__7 _355\"></span>emen<span class=\"__7 _355\"></span>t dans c<span class=\"__7 _355\"></span>ette rubrique<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es imp\u00f4<span class=\"__7 _355\"></span>ts sur le r\u00e9<span class=\"__7 _355\"></span>sultat son<span class=\"__7 _355\"></span>t con<span class=\"__7 _355\"></span>stitu\u00e9s de<span class=\"__7 _355\"></span>s imp\u00f4ts \u00e0 pa<span class=\"__7 _355\"></span>yer sur les r<span class=\"__7 _355\"></span>even<span class=\"__7 _355\"></span>us imposa<span class=\"__7 _355\"></span>bles de l\u2019<span class=\"__7 _358\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _355\"></span>, ainsi que de to<span class=\"__7 _355\"></span>ut aju<span class=\"__7 _355\"></span>stemen<span class=\"__7 _355\"></span>t rela<span class=\"__7 _355\"></span>tif aux ex<span class=\"__7 _355\"></span>erci<span class=\"__7 _355\"></span>ces an<span class=\"__7 _355\"></span>t\u00e9rie<span class=\"__7 _355\"></span>urs.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es imp\u00f4<span class=\"__7 _355\"></span>ts diff\u00e9r\u00e9<span class=\"__7 _355\"></span>s sont c<span class=\"__7 _355\"></span>onstitu\u00e9<span class=\"__7 _355\"></span>s des imp\u00f4<span class=\"__7 _355\"></span>ts sur les b\u00e9n\u00e9fi<span class=\"__7 _355\"></span>ces \u00e0 pay<span class=\"__7 _355\"></span>er ou \u00e0 rec<span class=\"__7 _355\"></span>ouvrer a<span class=\"__7 _355\"></span>u cour<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _361\"></span>ex<span class=\"__7 _355\"></span>ercic<span class=\"__7 _355\"></span>es futur<span class=\"__7 _355\"></span>s au titre de<span class=\"__7 _355\"></span>s diff\u00e9ren<span class=\"__7 _355\"></span>ces tem<span class=\"__7 _355\"></span>porair<span class=\"__7 _355\"></span>es entr<span class=\"__7 _355\"></span>e la va<span class=\"__7 _355\"></span>leur comp<span class=\"__7 _355\"></span>table des<span class=\"__7 _355\"></span> actifs et p<span class=\"__7 _355\"></span>assifs in<span class=\"__7 _355\"></span>scrits au bil<span class=\"__7 _355\"></span>an et leur b<span class=\"__7 _355\"></span>ase fisc<span class=\"__7 _355\"></span>ale et au titr<span class=\"__7 _355\"></span>e du re<span class=\"__7 _355\"></span>por<span class=\"__7 _359\"></span>t de pertes fi<span class=\"__7 _355\"></span>scales<span class=\"__7 _355\"></span> non utilis<span class=\"__7 _355\"></span>\u00e9es.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>\u2019imp\u00f4t diff\u00e9r<span class=\"__7 _355\"></span>\u00e9 n\u2019<span class=\"__7 _c7\"></span>est pas com<span class=\"__7 _355\"></span>ptab<span class=\"__7 _355\"></span>ilis\u00e9 lorsq<span class=\"__7 _355\"></span>ue les diff\u00e9ren<span class=\"__7 _355\"></span>ces tem<span class=\"__7 _355\"></span>porair<span class=\"__7 _355\"></span>es pro<span class=\"__7 _355\"></span>viennen<span class=\"__7 _355\"></span>t d\u2019un goodwill non d\u00e9duc<span class=\"__7 _355\"></span>tible fiscalem<span class=\"__7 _355\"></span>ent, de la com<span class=\"__7 _355\"></span>pta<span class=\"__7 _355\"></span>bilisati<span class=\"__7 _355\"></span>on initiale d\u2019<span class=\"__7 _358\"></span>\u00e9l\u00e9ment<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _355\"></span>actifs ou de passifs r<span class=\"__7 _355\"></span>ela<span class=\"__7 _355\"></span>tifs \u00e0 une tra<span class=\"__7 _355\"></span>nsacti<span class=\"__7 _355\"></span>on qui n\u2019<span class=\"__7 _358\"></span>est pa<span class=\"__7 _355\"></span>s un regr<span class=\"__7 _355\"></span>oupemen<span class=\"__7 _355\"></span>t d\u2019<span class=\"__7 _361\"></span>entr<span class=\"__7 _355\"></span>eprise<span class=\"__7 _355\"></span>s et n\u2019<span class=\"__7 _361\"></span>affec<span class=\"__7 _355\"></span>te ni le b\u00e9n\u00e9fic<span class=\"__7 _355\"></span>e compt<span class=\"__7 _355\"></span>able, ni le b\u00e9n\u00e9<span class=\"__7 _355\"></span>fice imposa<span class=\"__7 _355\"></span>ble au momen<span class=\"__7 _355\"></span>t de la tra<span class=\"__7 _355\"></span>nsac<span class=\"__7 _355\"></span>tion, ou d\u2019inves<span class=\"__7 _355\"></span>tis<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>semen<span class=\"__7 _355\"></span>ts dan<span class=\"__7 _355\"></span>s des filia<span class=\"__7 _355\"></span>les tan<span class=\"__7 _355\"></span>t qu\u2019il est pr<span class=\"__7 _355\"></span>obable que l<span class=\"__7 _355\"></span>a dif<span class=\"__7 _359\"></span>f\u00e9r<span class=\"__7 _355\"></span>ence t<span class=\"__7 _355\"></span>emporair<span class=\"__7 _355\"></span>e ne s\u2019inver<span class=\"__7 _355\"></span>sera pas d<span class=\"__7 _355\"></span>ans un a<span class=\"__7 _355\"></span>venir pr<span class=\"__7 _355\"></span>\u00e9visible<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>Des imp\u00f4<span class=\"__7 _355\"></span>ts diff\u00e9r<span class=\"__7 _355\"></span>\u00e9s sur les pertes fi<span class=\"__7 _355\"></span>scale<span class=\"__7 _355\"></span>s non utilis\u00e9es n<span class=\"__7 _355\"></span>e sont r<span class=\"__7 _355\"></span>econnu<span class=\"__7 _355\"></span>s que pour auta<span class=\"__7 _355\"></span>nt que des b\u00e9n\u00e9<span class=\"__7 _355\"></span>fices im<span class=\"__7 _355\"></span>posables so<span class=\"__7 _355\"></span>ient su<span class=\"__7 _355\"></span>sceptible<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _361\"></span>\u00eatr<span class=\"__7 _355\"></span>e r\u00e9ali<span class=\"__7 _355\"></span>s\u00e9s, perme<span class=\"__7 _355\"></span>ttan<span class=\"__7 _355\"></span>t ainsi d\u2019utilis<span class=\"__7 _355\"></span>er lesdit<span class=\"__7 _355\"></span>es pertes.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es imp\u00f4<span class=\"__7 _355\"></span>ts sont c<span class=\"__7 _355\"></span>alcul\u00e9s a<span class=\"__7 _355\"></span>ux taux d\u2019impositi<span class=\"__7 _355\"></span>on qui ont \u00e9t<span class=\"__7 _355\"></span>\u00e9 adopt<span class=\"__7 _355\"></span>\u00e9s \u00e0 la da<span class=\"__7 _355\"></span>te de cl\u00f4t<span class=\"__7 _355\"></span>ure<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>Pr<span class=\"__7 _355\"></span>oduits e<span class=\"__7 _355\"></span>t charge<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es prod<span class=\"__7 _355\"></span>uits et charge<span class=\"__7 _355\"></span>s sont comp<span class=\"__7 _355\"></span>tabili<span class=\"__7 _355\"></span>s\u00e9s comme suit<span class=\"__7 gs8_2\"> </span>:<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _356\"></span>L<span class=\"__7 _355\"></span>es dividendes son<span class=\"__7 _355\"></span>t compt<span class=\"__7 _355\"></span>abilis\u00e9<span class=\"__7 _355\"></span>s en <span class=\"__7 _359\"></span>mon<span class=\"__7 _355\"></span>tan<span class=\"__7 _355\"></span>t brut <span class=\"__7 _359\"></span>dan<span class=\"__7 _355\"></span>s le compt<span class=\"__7 _355\"></span>e de <span class=\"__7 _359\"></span>r\u00e9<span class=\"__7 _355\"></span>sultat ;<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _356\"></span>L<span class=\"__7 _355\"></span>es produit<span class=\"__7 _355\"></span>s d\u2019int\u00e9r<span class=\"__7 _355\"></span>\u00eats son<span class=\"__7 _355\"></span>t <span class=\"__7 _359\"></span>enr<span class=\"__7 _355\"></span>egistr\u00e9<span class=\"__7 _355\"></span>s lorsqu\u2019ils son<span class=\"__7 _355\"></span>t acquis\u202f<span class=\"__7 gs8_2\"> </span>; \u2022 <span class=\"__7 _356\"></span>L<span class=\"__7 _355\"></span>es char<span class=\"__7 _355\"></span>ges d\u2019int<span class=\"__7 _355\"></span>\u00e9r\u00eats son<span class=\"__7 _355\"></span>t enregis<span class=\"__7 _355\"></span>tr\u00e9es d\u00e8s qu\u2019<span class=\"__7 _c7\"></span>elles sont encou<span class=\"__7 _355\"></span>rues<span class=\"__7 gs8_2\"> </span>; \u2022 <span class=\"__7 _359\"></span>L<span class=\"__7 _355\"></span>es r\u00e9<span class=\"__7 _355\"></span>sultats sur a<span class=\"__7 _355\"></span>ctifs non cour<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>ts et les r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>ts sur actifs co<span class=\"__7 _355\"></span>uran<span class=\"__7 _355\"></span>ts son<span class=\"__7 _355\"></span>t comp<span class=\"__7 _355\"></span>tabilis\u00e9<span class=\"__7 _355\"></span>s \u00e0 la dat<span class=\"__7 _355\"></span>e de <span class=\"__7 _359\"></span>la tra<span class=\"__7 _355\"></span>nsacti<span class=\"__7 _355\"></span>on qui <span class=\"__7 _359\"></span>les a g\u00e9n\u00e9r<span class=\"__7 _355\"></span>\u00e9s<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _356\"></span>L<span class=\"__7 _355\"></span>es autre<span class=\"__7 _355\"></span>s produits et ch<span class=\"__7 _355\"></span>arges son<span class=\"__7 _355\"></span>t compt<span class=\"__7 _355\"></span>abilis\u00e9<span class=\"__7 _355\"></span>s au moment de la tra<span class=\"__7 _355\"></span>nsacti<span class=\"__7 _355\"></span>on<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span>\u2022 So<span class=\"__7 _355\"></span>fina SA fournit de<span class=\"__7 _355\"></span>s ser<span class=\"__7 _359\"></span>vice<span class=\"__7 _355\"></span>s de gestion d\u2019inv<span class=\"__7 _355\"></span>estissem<span class=\"__7 _355\"></span>ents a<span class=\"__7 _355\"></span>ux filiales non c<span class=\"__7 _355\"></span>onsolid\u00e9e<span class=\"__7 _355\"></span>s. Chaque obliga<span class=\"__7 _355\"></span>tion de pr<span class=\"__7 _355\"></span>esta<span class=\"__7 _355\"></span>tion qui en d\u00e9co<span class=\"__7 _355\"></span>ule ress<span class=\"__7 _355\"></span>or<span class=\"__7 _359\"></span>t d\u2019un con<span class=\"__7 _355\"></span>tra<span class=\"__7 _355\"></span>t de service et le r<span class=\"__7 _355\"></span>evenu y<span class=\"__7 _355\"></span> rel<span class=\"__7 _355\"></span>atif es<span class=\"__7 _355\"></span>t reconnu a<span class=\"__7 _355\"></span>u fur et \u00e0 me<span class=\"__7 _355\"></span>sure que l\u2019<span class=\"__7 _358\"></span>obligati<span class=\"__7 _355\"></span>on de pres<span class=\"__7 _355\"></span>tation e<span class=\"__7 _355\"></span>st satisf<span class=\"__7 _355\"></span>aite (sur la du<span class=\"__7 _355\"></span>r\u00e9e du con<span class=\"__7 _355\"></span>tra<span class=\"__7 _355\"></span>t). L<span class=\"__7 _355\"></span>es services f<span class=\"__7 _355\"></span>ournis par le<span class=\"__7 _355\"></span>s filiales n<span class=\"__7 _355\"></span>on consoli<span class=\"__7 _355\"></span>d\u00e9es \u00e0 Sofina SA son<span class=\"__7 _355\"></span>t trait<span class=\"__7 _355\"></span>\u00e9s de la m\u00eame ma<span class=\"__7 _355\"></span>ni\u00e8re<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _364\"></span>L<span class=\"__7 _355\"></span>es re<span class=\"__7 _355\"></span>venus e<span class=\"__7 _355\"></span>t plus-v<span class=\"__7 _355\"></span>alues brut<span class=\"__7 _355\"></span>s des participa<span class=\"__7 _355\"></span>tions \u00e9<span class=\"__7 _355\"></span>tran<span class=\"__7 _355\"></span>g\u00e8res n<span class=\"__7 _355\"></span>on consolid\u00e9<span class=\"__7 _355\"></span>es sont c<span class=\"__7 _355\"></span>omp<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>tab<span class=\"__7 _355\"></span>ilis\u00e9es da<span class=\"__7 _355\"></span>ns le com<span class=\"__7 _355\"></span>pte de r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span>Prin<span class=\"__7 _355\"></span>cipaux jugemen<span class=\"__7 _355\"></span>ts com<span class=\"__7 _355\"></span>ptable<span class=\"__7 _355\"></span>s et principale<span class=\"__7 _355\"></span>s sourc<span class=\"__7 _355\"></span>es d\u2019incertitude da<span class=\"__7 _355\"></span>ns les estim<span class=\"__7 _355\"></span>ation<span class=\"__7 _355\"></span>s comp<span class=\"__7 _355\"></span>tables<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es principa<span class=\"__7 _355\"></span>les estim<span class=\"__7 _355\"></span>ation<span class=\"__7 _355\"></span>s compt<span class=\"__7 _355\"></span>ables con<span class=\"__7 _355\"></span>cernent l<span class=\"__7 _355\"></span>a valorisa<span class=\"__7 _355\"></span>tion du porte<span class=\"__7 _355\"></span>feuille d\u2019inv<span class=\"__7 _355\"></span>estis<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>semen<span class=\"__7 _355\"></span>t<span class=\"__7 gs8_2\"> </span><span class=\"__7 _356\"></span>: <span class=\"__7 _364\"></span>les <span class=\"__7 _356\"></span>hypoth<span class=\"__7 _355\"></span>\u00e8ses <span class=\"__7 _356\"></span>et <span class=\"__7 _356\"></span>jugemen<span class=\"__7 _355\"></span>ts <span class=\"__7 _356\"></span>significatifs <span class=\"__7 _356\"></span>son<span class=\"__7 _355\"></span>t <span class=\"__7 _364\"></span>discut<span class=\"__7 _355\"></span>\u00e9s <span class=\"__7 _356\"></span>dans <span class=\"__7 _356\"></span>l\u2019<span class=\"__7 _361\"></span>annex<span class=\"__7 _355\"></span>e <span class=\"__7 _364\"></span>r<span class=\"__7 _355\"></span>elativ<span class=\"__7 _355\"></span>e <span class=\"__7 _364\"></span>\u00e0 <span class=\"__7 _364\"></span>la ju<span class=\"__7 _355\"></span>ste v<span class=\"__7 _355\"></span>aleur du porte<span class=\"__7 _355\"></span>feuille so<span class=\"__7 _355\"></span>us le poin<span class=\"__7 _355\"></span>t 2.4 ci-dessus<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es j<span class=\"__7 _355\"></span>ugements signifi<span class=\"__7 _355\"></span>catifs po<span class=\"__7 _355\"></span>s\u00e9s par So<span class=\"__7 _355\"></span>fina dan<span class=\"__7 _355\"></span>s la d\u00e9termin<span class=\"__7 _355\"></span>ation de son s<span class=\"__7 _355\"></span>tatut d\u2019<span class=\"__7 _355\"></span>En<span class=\"__7 _355\"></span>tit\u00e9 d\u2019<span class=\"__7 _355\"></span>In<span class=\"__7 _359\"></span><span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>ve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t son<span class=\"__7 _355\"></span>t rela<span class=\"__7 _355\"></span>tifs \u00e0 l\u2019<span class=\"__7 _355\"></span>appr\u00e9<span class=\"__7 _355\"></span>ciation de l\u2019<span class=\"__7 _c7\"></span>existen<span class=\"__7 _355\"></span>ce d\u2019une str<span class=\"__7 _355\"></span>at<span class=\"__7 _355\"></span>\u00e9gie de d\u00e9sinve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t sur les inv<span class=\"__7 _355\"></span>estiss<span class=\"__7 _355\"></span>ements en porte<span class=\"__7 _355\"></span>feuille<span class=\"__7 _355\"></span>, ainsi qu\u2019<span class=\"__7 _361\"></span>\u00e0 l\u2019<span class=\"__7 _355\"></span>appr<span class=\"__7 _355\"></span>\u00e9ciation de c<span class=\"__7 _355\"></span>ette str<span class=\"__7 _355\"></span>at<span class=\"__7 _355\"></span>\u00e9gie de d\u00e9sin<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>ve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t sur les inv<span class=\"__7 _355\"></span>estissem<span class=\"__7 _355\"></span>ents d\u00e9<span class=\"__7 _355\"></span>tenus p<span class=\"__7 _355\"></span>ar les filia<span class=\"__7 _355\"></span>les plut\u00f4<span class=\"__7 _355\"></span>t que sur les pa<span class=\"__7 _355\"></span>r<span class=\"__7 _359\"></span>ticipa<span class=\"__7 _355\"></span>tions<span class=\"__7 _355\"></span> direc<span class=\"__7 _355\"></span>tes da<span class=\"__7 _355\"></span>ns ce<span class=\"__7 _355\"></span>s filiales<span class=\"__7 _355\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-255": {
   "value": "<div class=\"gs3d\"><table class=\"s_1 w1_1 h1a_6\" id=\"_2c30f665-f1ff-4d8a-878b-31e87cb2558f\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 xdd_4 hb_6 y388_3 ff4_6 fs5_6 fc0_6 sc0_6 ls2_6 ws29_6\">EN MILLIER<span class=\"__6 _342\"></span>S E<span class=\"__6 _343\"></span>UR<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hc_6 y389_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">R\u00c9<span class=\"__6 _342\"></span>SUL<span class=\"__6 _342\"></span>T<span class=\"__6 _335\"></span>A<span class=\"__6 _335\"></span>T GL<span class=\"__6 _342\"></span>OBAL (2<span class=\"__6 _342\"></span>025)<span class=\"ls2_6\"> </span></td><td class=\"t_6 m0_6 xdf_4 hc_6 y38a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">SOFINA DIRECT<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 xe0_4 hc_6 y389_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">SOFIN<span class=\"__6 _336\"></span>A FONDS </td><td class=\"t_6 m0_6 xe1_4 hc_6 y38a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1a_6 ws2d_6\">TOT<span class=\"__6 _342\"></span>A<span class=\"__6 _343\"></span>L<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 xe2_4 hc_6 y389_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9L\u00c9MENTS<span class=\"__6 _343\"></span> DE </td><td class=\"t_6 m0_6 xe3_4 hc_6 y38a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9T<span class=\"__6 _342\"></span>A<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>S FINAN<span class=\"__6 _343\"></span>CIERS<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 xe4_4 hc_6 y38b_2 ff4_6 fs6_6 fc2_6 sc0_6 ls19_6 ws2c_6\">PR<span class=\"__6 _343\"></span>I<span class=\"__6 _343\"></span>V\u00c9S<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 xe5_4 hc_6 y38b_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">R\u00c9CONCIL<span class=\"__6 _336\"></span>IA<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>ION<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y38d_2 w2_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Dividende<span class=\"__6 _336\"></span>s<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xe8_4 y38d_2 w3_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">48.564<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xe9_4 y38d_2 w4_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xea_4 y38d_2 w3_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">48.564<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xeb_4 y38d_2 w5_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">54.0<span class=\"__6 _342\"></span>16<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xec_4 y38d_2 w6_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">102.<span class=\"__6 _336\"></span>580<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y38f_2 w7_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xee_4 y38f_2 w8_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">48.564<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xed_4 y390_2 w9_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xef_4 y390_2 wa_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y391_2 wb_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">R\u00e9<span class=\"__6 _342\"></span>sultat net d<span class=\"__6 _342\"></span>u por<span class=\"__6 _343\"></span>tef<span class=\"__6 _336\"></span>euille d'inve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>t<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf0_4 y391_2 wc_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1d_6 ws31_6\">4<span class=\"__6 _a_5\"></span>7.<span class=\"__6 _343\"></span>5<span class=\"__6 _a_5\"></span>9<span class=\"__6 _a_5\"></span>5<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf1_4 y391_2 wd_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">110.<span class=\"__6 _335\"></span>139<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf2_4 y391_2 we_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">15<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>.<span class=\"__6 _342\"></span>734<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf3_4 y391_2 wf_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>.2<span class=\"__6 _342\"></span>46<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf4_3 y391_2 w10_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">50.488<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y392_2 w7_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf5_3 y392_2 w11_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-81.<span class=\"__6 _335\"></span>116<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xed_4 y393_2 w9_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf6_3 y393_2 w12_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">12<span class=\"__6 _342\"></span>8.711<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y394_2 w13_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Char<span class=\"__6 _342\"></span>ges de gestion<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 xf7_3 y394_2 w14_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-90.<span class=\"__6 _336\"></span>538<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf8_3 y394_2 w15_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">21.00<span class=\"__6 _342\"></span>3<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf9_3 y394_2 w16_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-69<span class=\"__6 _342\"></span>.535<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y396_2 w17_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1e_6 ws32_6\">Au<span class=\"__6 _343\"></span>tre<span class=\"__6 _343\"></span>s</div><div class=\"t_6 m0_6 xfa_3 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 xfb_3 y396_2 w18_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-2.2<span class=\"__6 _336\"></span>31<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xfc_3 y396_2 w19_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">32.22<span class=\"__6 _342\"></span>7<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xfd_3 y396_2 w1a_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">29<span class=\"__6 _342\"></span>.996<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w1b_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l du r\u00e9<span class=\"__6 _342\"></span>sultat global<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 xfe_3 y398_2 w1c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">113.<span class=\"__6 _342\"></span>529<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xff_3 y398_2 w1d_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x100_3 y398_2 w1c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">113.<span class=\"__6 _342\"></span>529<span class=\"__6 _341\"> </span></div></td></tr></table></div><div class=\"t_6 m0_6 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs41\">1 <span class=\"__6 _346\"> </span> Ceci com<span class=\"__6 _342\"></span>prend les pas<span class=\"__6 _342\"></span>sifs d\u2019imp\u00f4t diff\u00e9r\u00e9 (5<span class=\"__6 _336\"></span>,<span class=\"__6 _342\"></span>17 millions EUR d<span class=\"__6 _336\"></span>ans le r<span class=\"__6 _342\"></span>\u00e9sultat globa<span class=\"__6 _342\"></span>l repr\u00e9s<span class=\"__6 _336\"></span>ent<span class=\"__6 _336\"></span>ant u<span class=\"__6 _336\"></span>n mont<span class=\"__6 _342\"></span>ant to<span class=\"__6 _336\"></span>tal de 71,54 milli<span class=\"__6 _336\"></span>ons EUR d<span class=\"__6 _336\"></span>ans le<span class=\"__6 _342\"></span>s passifs) pour les diff\u00e9r<span class=\"__6 _342\"></span>ences tem<span class=\"__6 _336\"></span>porair<span class=\"__6 _342\"></span>es imposables c<span class=\"__6 _336\"></span>ompta<span class=\"__6 _342\"></span>bilis\u00e9es par certain<span class=\"__6 _336\"></span>es filiale<span class=\"__6 _342\"></span>s d\u2019investissem<span class=\"__6 _342\"></span>ent </div><div class=\"t_6 m0_6 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs42\">entr<span class=\"__6 _342\"></span>e la valeur com<span class=\"__6 _342\"></span>ptable et la ba<span class=\"__6 _342\"></span>se fiscale d\u2019inv<span class=\"__6 _336\"></span>estis<span class=\"__6 _342\"></span>sements du portef<span class=\"__6 _342\"></span>euille ayan<span class=\"__6 _342\"></span>t un impact sur leu<span class=\"__6 _336\"></span>r just<span class=\"__6 _342\"></span>e valeur com<span class=\"__6 _342\"></span>ptabilis\u00e9e d<span class=\"__6 _342\"></span>ans le portefe<span class=\"__6 _342\"></span>uille d\u2019investissem<span class=\"__6 _336\"></span>ent de So<span class=\"__6 _336\"></span>fina SA (voir po<span class=\"__6 _336\"></span>int 3<span class=\"__6 _342\"></span>.<span class=\"__6 _336\"></span>15). En outr<span class=\"__6 _342\"></span>e, il exist<span class=\"__6 _342\"></span>e des b\u00e9n\u00e9fices ac<span class=\"__6 _336\"></span>cumul\u00e9s a<span class=\"__6 _342\"></span>u sein </div><div class=\"t_6 m0_6 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs43\">de Sofina F<span class=\"__6 _342\"></span>onds Priv<span class=\"__6 _336\"></span>\u00e9s qui pourr<span class=\"__6 _342\"></span>aient devenir im<span class=\"__6 _342\"></span>posables \u00e0 un taux de 2<span class=\"__6 _342\"></span>5% dans le sc\u00e9n<span class=\"__6 _342\"></span>ario th\u00e9orique o\u00f9 les filia<span class=\"__6 _342\"></span>les d\u2019investis<span class=\"__6 _342\"></span>sement d\u00e9ten<span class=\"__6 _342\"></span>ant ce portef<span class=\"__6 _342\"></span>euille seraien<span class=\"__6 _336\"></span>t liquid\u00e9es e<span class=\"__6 _342\"></span>t o\u00f9 ces b\u00e9n\u00e9fices s<span class=\"__6 _336\"></span>eraien<span class=\"__6 _342\"></span>t distribu\u00e9s ju<span class=\"__6 _342\"></span>sque leur soci\u00e9t\u00e9 m<span class=\"__6 _342\"></span>\u00e8re Sofina </div><div class=\"t_6 m0_6 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs44\">SA, ce qui ne se m<span class=\"__6 _336\"></span>at\u00e9ri<span class=\"__6 _342\"></span>alisera t<span class=\"__6 _336\"></span>outef<span class=\"__6 _342\"></span>ois pas da<span class=\"__6 _336\"></span>ns le con<span class=\"__6 _342\"></span>texte a<span class=\"__6 _336\"></span>ctuel de con<span class=\"__6 _342\"></span>tinuit\u00e9 d\u2019<span class=\"__6 _342\"></span>explo<span class=\"__6 _336\"></span>itati<span class=\"__6 _336\"></span>on. En f<span class=\"__6 _336\"></span>onction des s<span class=\"__6 _336\"></span>c\u00e9nario<span class=\"__6 _342\"></span>s th\u00e9oriques envisag\u00e9s (c<span class=\"__6 _342\"></span>omme une vent<span class=\"__6 _342\"></span>e ou une liquidati<span class=\"__6 _342\"></span>on de Sofina Fond<span class=\"__6 _336\"></span>s Priv<span class=\"__6 _336\"></span>\u00e9s), 0 \u00e0 61% de la Net A<span class=\"__6 _336\"></span>sset V<span class=\"__6 _342\"></span>al<span class=\"__6 _342\"></span>ue des filiales </div><div class=\"t_6 m0_6 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs45\">d\u2019inves<span class=\"__6 _336\"></span>tissemen<span class=\"__6 _342\"></span>t d\u00e9tenan<span class=\"__6 _342\"></span>t Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9s po<span class=\"__6 _336\"></span>urraien<span class=\"__6 _342\"></span>t \u00eatre impo<span class=\"__6 _342\"></span>sables \u00e0 25%. Ce<span class=\"__6 _342\"></span>t imp\u00f4t hypoth<span class=\"__6 _336\"></span>\u00e9tique n<span class=\"__6 _336\"></span>\u2019<span class=\"__6 _342\"></span>a toutef<span class=\"__6 _342\"></span>ois pas \u00e9t<span class=\"__6 _342\"></span>\u00e9 comptab<span class=\"__6 _336\"></span>ilis\u00e9 car s<span class=\"__6 _336\"></span>es \u00e9v<span class=\"__6 _342\"></span>\u00e9nements d\u00e9clenc<span class=\"__6 _336\"></span>heurs s<span class=\"__6 _342\"></span>ont sous le con<span class=\"__6 _342\"></span>tr\u00f4le de Sofina SA et n<span class=\"__6 _342\"></span>e sont pas pr<span class=\"__6 _342\"></span>obables. P<span class=\"__6 _342\"></span>ar ailleurs<span class=\"__6 _336\"></span>, les </div><div class=\"t_6 m0_6 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs46\">filiales d\u2019inv<span class=\"__6 _342\"></span>estissemen<span class=\"__6 _342\"></span>t de Sofina SA ne comp<span class=\"__6 _342\"></span>tabilisen<span class=\"__6 _342\"></span>t pas d\u2019<span class=\"__6 _342\"></span>actifs d\u2019imp\u00f4t diff\u00e9r<span class=\"__6 _342\"></span>\u00e9 pour les pertes fisc<span class=\"__6 _336\"></span>ales r<span class=\"__6 _342\"></span>eport\u00e9es, car leu<span class=\"__6 _342\"></span>r r\u00e9cup\u00e9ra<span class=\"__6 _342\"></span>tion n\u2019<span class=\"__6 _342\"></span>est pa<span class=\"__6 _342\"></span>s consid\u00e9r\u00e9e c<span class=\"__6 _342\"></span>omme probable. I<span class=\"__6 _336\"></span>ci aussi, \u00e9<span class=\"__6 _342\"></span>tant donn\u00e9 qu\u2019<span class=\"__6 _342\"></span>aucun ac<span class=\"__6 _336\"></span>tif d\u2019imp\u00f4t diff<span class=\"__6 _336\"></span>\u00e9r\u00e9 n<span class=\"__6 _336\"></span>\u2019<span class=\"__6 _342\"></span>est c<span class=\"__6 _336\"></span>ompta<span class=\"__6 _342\"></span>bilis\u00e9 par </div><div class=\"t_6 m0_6 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs47\">les filiale<span class=\"__6 _342\"></span>s d\u2019investiss<span class=\"__6 _336\"></span>ement \u00e0 c<span class=\"__6 _336\"></span>et \u00e9gar<span class=\"__6 _342\"></span>d, leur just<span class=\"__6 _336\"></span>e valeu<span class=\"__6 _336\"></span>r n\u2019<span class=\"__6 _335\"></span>en est pas aff<span class=\"__6 _342\"></span>ect\u00e9e.<span class=\"__6 _341\"> </span></div><div class=\"gs3d\"><table class=\"s_1 w3e_1 h26_2\" id=\"_8dcb7c94-6d79-4259-b8f0-91ecb4a7308e\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x11d_1 hb_6 y3ca_2 ff4_6 fs5_6 fc0_6 sc0_6 ls2_6 ws29_6\">EN MILLIER<span class=\"__6 _342\"></span>S E<span class=\"__6 _343\"></span>UR<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"c_1 n_1 xe7_4 y39b_2 w8f_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">R\u00c9<span class=\"__6 _342\"></span>SUL<span class=\"__6 _342\"></span>T<span class=\"__6 _335\"></span>A<span class=\"__6 _335\"></span>T GL<span class=\"__6 _342\"></span>OBAL (2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>4)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x179 y39b_2 w20_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">SOFINA DIRECT<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 x11f_1 hc_6 y3cb_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">SOFIN<span class=\"__6 _336\"></span>A FONDS </td><td class=\"t_6 m0_6 x17a hc_6 y3cc_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1a_6 ws2d_6\">TOT<span class=\"__6 _342\"></span>A<span class=\"__6 _343\"></span>L<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x17b hc_6 y3cb_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9L\u00c9MENTS<span class=\"__6 _343\"></span> DE </td><td class=\"t_6 m0_6 x17c hc_6 y3cc_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9T<span class=\"__6 _342\"></span>A<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>S FINAN<span class=\"__6 _343\"></span>CIERS<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x123_1 hc_6 y3cd_2 ff4_6 fs6_6 fc2_6 sc0_6 ls19_6 ws2c_6\">PR<span class=\"__6 _343\"></span>I<span class=\"__6 _343\"></span>V\u00c9S<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 x17d hc_6 y3cd_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">R\u00c9CONCIL<span class=\"__6 _336\"></span>IA<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>ION<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3ce_2 w2_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Dividende<span class=\"__6 _336\"></span>s<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x17e y3ce_2 w90_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>.<span class=\"__6 _342\"></span>196<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x17f y3ce_2 w91_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">2.<span class=\"__6 _343\"></span>526<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x180 y3ce_2 w92_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2b_6 ws41_4\">59.7<span class=\"__6 _343\"></span>2<span class=\"__6 _343\"></span>2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x181 y3ce_2 w93_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">9<span class=\"__6 _342\"></span>72.32<span class=\"__6 _342\"></span>4<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x182 y3ce_2 w94_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.0<span class=\"__6 _342\"></span>32.046<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a1_2 w7_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x183 y3a1_2 w95_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2c_6 ws42_4\">49.<span class=\"__6 _2f_4\"></span>85<span class=\"__6 _343\"></span>2<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a4_2 w9_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x184 y3a4_2 w96_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1d_6 ws31_6\">7.<span class=\"__6 _2f_4\"></span>3<span class=\"__6 _a_5\"></span>4<span class=\"__6 _a_5\"></span>4<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3cf_2 wb_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">R\u00e9<span class=\"__6 _342\"></span>sultat net d<span class=\"__6 _342\"></span>u por<span class=\"__6 _343\"></span>tef<span class=\"__6 _336\"></span>euille d'inve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>t<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x185 y3cf_2 w97_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">862.<span class=\"__6 _342\"></span>752<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x186 y3cf_2 w98_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">52<span class=\"__6 _342\"></span>3.2<span class=\"__6 _342\"></span>48<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x187 y3cf_2 w99_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.386.<span class=\"__6 _342\"></span>000<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x188 y3cf_2 w9a_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-1.<span class=\"__6 _336\"></span>02<span class=\"__6 _342\"></span>9.<span class=\"__6 _342\"></span>710<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x189 y3cf_2 w9b_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">356.2<span class=\"__6 _342\"></span>90<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a7_2 w7_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xee_4 y3a7_2 w9c_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2d_6 ws43_4\">537<span class=\"__6 _335\"></span>.316<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a8_2 w9_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x18a y3a8_2 w9d_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">32<span class=\"__6 _342\"></span>5.436<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3d0_2 w13_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Char<span class=\"__6 _342\"></span>ges de gestion<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x18b y3d0_2 w9e_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-84.34<span class=\"__6 _336\"></span>1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x18c y3d0_2 w9f_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2<span class=\"__6 _336\"></span>0.822<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x18d y3d0_2 wa0_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-63<span class=\"__6 _342\"></span>.519<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y3d1_2 w17_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1e_6 ws32_6\">Au<span class=\"__6 _343\"></span>tre<span class=\"__6 _343\"></span>s</div><div class=\"t_6 m0_6 xfa_3 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x18e y3d1_2 wa1_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-2.55<span class=\"__6 _342\"></span>9<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x18f y3d1_2 wa2_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">36.564<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x190 y3d1_2 wa3_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">34.005<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w1b_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l du r\u00e9<span class=\"__6 _342\"></span>sultat global<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x191 y398_2 wa4_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.358.822<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x192 y398_2 wa5_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x193 y398_2 wa6_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.358.822<span class=\"__6 _341\"> </span></div></td></tr></table></div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs41\">1 <span class=\"__6 _346\"> </span> Ceci com<span class=\"__6 _342\"></span>prend les pas<span class=\"__6 _342\"></span>sifs d\u2019imp\u00f4t diff\u00e9r\u00e9 (2<span class=\"__6 _342\"></span>9,30 milli<span class=\"__6 _342\"></span>ons EUR dan<span class=\"__6 _342\"></span>s le r\u00e9sultat glob<span class=\"__6 _336\"></span>al r<span class=\"__6 _336\"></span>epr\u00e9<span class=\"__6 _336\"></span>sent<span class=\"__6 _342\"></span>ant un mon<span class=\"__6 _336\"></span>tan<span class=\"__6 _342\"></span>t total de 66<span class=\"__6 _342\"></span>,37 milli<span class=\"__6 _342\"></span>ons EUR dan<span class=\"__6 _336\"></span>s les pas<span class=\"__6 _342\"></span>sifs) pour les diff\u00e9renc<span class=\"__6 _342\"></span>es temporair<span class=\"__6 _342\"></span>es imposables c<span class=\"__6 _342\"></span>omptabili<span class=\"__6 _336\"></span>s\u00e9es par c<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>taines filia<span class=\"__6 _342\"></span>les </div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs4e\">        d\u2019inves<span class=\"__6 _336\"></span>tissemen<span class=\"__6 _342\"></span>t entre l<span class=\"__6 _342\"></span>a valeur comp<span class=\"__6 _342\"></span>table et la bas<span class=\"__6 _342\"></span>e fiscale d\u2019inves<span class=\"__6 _342\"></span>tissement<span class=\"__6 _336\"></span>s du portef<span class=\"__6 _336\"></span>euille ay<span class=\"__6 _342\"></span>ant un impac<span class=\"__6 _336\"></span>t sur leur ju<span class=\"__6 _342\"></span>ste valeu<span class=\"__6 _336\"></span>r compt<span class=\"__6 _342\"></span>abilis\u00e9e dan<span class=\"__6 _342\"></span>s le portefeuille d\u2019inv<span class=\"__6 _336\"></span>estis<span class=\"__6 _342\"></span>sement de Sofina SA (v<span class=\"__6 _342\"></span>oir point 3.<span class=\"__6 _335\"></span>15). En outre<span class=\"__6 _336\"></span>, il exist<span class=\"__6 _342\"></span>e des </div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs4f\">        b\u00e9n\u00e9fice<span class=\"__6 _336\"></span>s accum<span class=\"__6 _336\"></span>ul\u00e9s au sein de Sofin<span class=\"__6 _342\"></span>a Fonds P<span class=\"__6 _342\"></span>riv\u00e9s qui pourrai<span class=\"__6 _342\"></span>ent devenir impo<span class=\"__6 _342\"></span>sables \u00e0 un taux de 2<span class=\"__6 _342\"></span>5% dans le sc\u00e9na<span class=\"__6 _342\"></span>rio th\u00e9orique o\u00f9 les filiale<span class=\"__6 _342\"></span>s d\u2019investiss<span class=\"__6 _336\"></span>ement d\u00e9<span class=\"__6 _342\"></span>tenant c<span class=\"__6 _336\"></span>e portefe<span class=\"__6 _342\"></span>uille seraient liqui<span class=\"__6 _342\"></span>d\u00e9es et o\u00f9 ces b\u00e9n\u00e9fi<span class=\"__6 _336\"></span>ces ser<span class=\"__6 _342\"></span>aient </div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs50\">        distribu\u00e9<span class=\"__6 _342\"></span>s jusque Sofina SA, ce q<span class=\"__6 _336\"></span>ui ne se ma<span class=\"__6 _336\"></span>t\u00e9ria<span class=\"__6 _342\"></span>lisera tout<span class=\"__6 _342\"></span>efois pa<span class=\"__6 _342\"></span>s dans le con<span class=\"__6 _342\"></span>texte act<span class=\"__6 _342\"></span>uel de continuit<span class=\"__6 _336\"></span>\u00e9 d\u2019<span class=\"__6 _342\"></span>exploit<span class=\"__6 _336\"></span>ation. E<span class=\"__6 _342\"></span>n fonction des sc<span class=\"__6 _336\"></span>\u00e9nario<span class=\"__6 _336\"></span>s th\u00e9oriques envi<span class=\"__6 _342\"></span>sag\u00e9s (comme une ven<span class=\"__6 _342\"></span>te ou une liquid<span class=\"__6 _342\"></span>ation de Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9<span class=\"__6 _342\"></span>s), 0 \u00e0 59% </div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs51\">        de la Net As<span class=\"__6 _336\"></span>set V<span class=\"__6 _342\"></span>alue de<span class=\"__6 _342\"></span>s filiales d\u2019inves<span class=\"__6 _336\"></span>tissemen<span class=\"__6 _342\"></span>t d\u00e9tenan<span class=\"__6 _342\"></span>t Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9s po<span class=\"__6 _342\"></span>urraient \u00eatr<span class=\"__6 _342\"></span>e imposables \u00e0 2<span class=\"__6 _342\"></span>5%. Cet imp\u00f4<span class=\"__6 _336\"></span>t hypoth<span class=\"__6 _342\"></span>\u00e9tique n\u2019<span class=\"__6 _342\"></span>a toute<span class=\"__6 _336\"></span>foi<span class=\"__6 _336\"></span>s pas \u00e9t<span class=\"__6 _342\"></span>\u00e9 comptab<span class=\"__6 _336\"></span>ilis\u00e9 car s<span class=\"__6 _342\"></span>es \u00e9v\u00e9nemen<span class=\"__6 _342\"></span>ts d\u00e9clencheur<span class=\"__6 _336\"></span>s sont s<span class=\"__6 _336\"></span>ous le con<span class=\"__6 _342\"></span>tr\u00f4le de Sofina </div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs52\">        SA et ne son<span class=\"__6 _342\"></span>t pas proba<span class=\"__6 _336\"></span>bles. P<span class=\"__6 _342\"></span>ar ailleur<span class=\"__6 _336\"></span>s, les filia<span class=\"__6 _342\"></span>les d\u2019investis<span class=\"__6 _336\"></span>semen<span class=\"__6 _336\"></span>t de Sofina SA ne com<span class=\"__6 _342\"></span>ptabilisen<span class=\"__6 _342\"></span>t pas d\u2019<span class=\"__6 _342\"></span>actifs d\u2019imp\u00f4t diff<span class=\"__6 _336\"></span>\u00e9r\u00e9 pou<span class=\"__6 _336\"></span>r les pertes fi<span class=\"__6 _336\"></span>scale<span class=\"__6 _336\"></span>s report\u00e9e<span class=\"__6 _342\"></span>s, car leur r<span class=\"__6 _336\"></span>\u00e9cup\u00e9ra<span class=\"__6 _342\"></span>tion n\u2019<span class=\"__6 _342\"></span>est pa<span class=\"__6 _342\"></span>s consid\u00e9r<span class=\"__6 _336\"></span>\u00e9e comme pr<span class=\"__6 _336\"></span>obable. I<span class=\"__6 _336\"></span>ci aussi, \u00e9<span class=\"__6 _342\"></span>tant </div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs53\">        donn\u00e9 qu\u2019<span class=\"__6 _342\"></span>aucun actif d\u2019im<span class=\"__6 _336\"></span>p\u00f4t diff\u00e9r<span class=\"__6 _342\"></span>\u00e9 n\u2019<span class=\"__6 _342\"></span>est com<span class=\"__6 _336\"></span>pta<span class=\"__6 _336\"></span>bilis\u00e9 pa<span class=\"__6 _336\"></span>r les filiale<span class=\"__6 _342\"></span>s d\u2019investiss<span class=\"__6 _336\"></span>ement \u00e0 c<span class=\"__6 _336\"></span>et \u00e9gar<span class=\"__6 _342\"></span>d, leur juste v<span class=\"__6 _342\"></span>aleur n\u2019<span class=\"__6 _335\"></span>en est pas a<span class=\"__6 _336\"></span>ffect\u00e9<span class=\"__6 _336\"></span>e.<span class=\"__6 _341\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-256": {
   "value": "<table class=\"s_1 w1_1 h1a_6\" id=\"_2c30f665-f1ff-4d8a-878b-31e87cb2558f\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 xdd_4 hb_6 y388_3 ff4_6 fs5_6 fc0_6 sc0_6 ls2_6 ws29_6\">EN MILLIER<span class=\"__6 _342\"></span>S E<span class=\"__6 _343\"></span>UR<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hc_6 y389_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">R\u00c9<span class=\"__6 _342\"></span>SUL<span class=\"__6 _342\"></span>T<span class=\"__6 _335\"></span>A<span class=\"__6 _335\"></span>T GL<span class=\"__6 _342\"></span>OBAL (2<span class=\"__6 _342\"></span>025)<span class=\"ls2_6\"> </span></td><td class=\"t_6 m0_6 xdf_4 hc_6 y38a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">SOFINA DIRECT<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 xe0_4 hc_6 y389_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">SOFIN<span class=\"__6 _336\"></span>A FONDS </td><td class=\"t_6 m0_6 xe1_4 hc_6 y38a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1a_6 ws2d_6\">TOT<span class=\"__6 _342\"></span>A<span class=\"__6 _343\"></span>L<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 xe2_4 hc_6 y389_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9L\u00c9MENTS<span class=\"__6 _343\"></span> DE </td><td class=\"t_6 m0_6 xe3_4 hc_6 y38a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9T<span class=\"__6 _342\"></span>A<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>S FINAN<span class=\"__6 _343\"></span>CIERS<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 xe4_4 hc_6 y38b_2 ff4_6 fs6_6 fc2_6 sc0_6 ls19_6 ws2c_6\">PR<span class=\"__6 _343\"></span>I<span class=\"__6 _343\"></span>V\u00c9S<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 xe5_4 hc_6 y38b_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">R\u00c9CONCIL<span class=\"__6 _336\"></span>IA<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>ION<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y38d_2 w2_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Dividende<span class=\"__6 _336\"></span>s<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xe8_4 y38d_2 w3_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">48.564<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xe9_4 y38d_2 w4_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xea_4 y38d_2 w3_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">48.564<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xeb_4 y38d_2 w5_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">54.0<span class=\"__6 _342\"></span>16<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xec_4 y38d_2 w6_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">102.<span class=\"__6 _336\"></span>580<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y38f_2 w7_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xee_4 y38f_2 w8_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">48.564<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xed_4 y390_2 w9_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xef_4 y390_2 wa_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y391_2 wb_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">R\u00e9<span class=\"__6 _342\"></span>sultat net d<span class=\"__6 _342\"></span>u por<span class=\"__6 _343\"></span>tef<span class=\"__6 _336\"></span>euille d'inve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>t<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf0_4 y391_2 wc_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1d_6 ws31_6\">4<span class=\"__6 _a_5\"></span>7.<span class=\"__6 _343\"></span>5<span class=\"__6 _a_5\"></span>9<span class=\"__6 _a_5\"></span>5<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf1_4 y391_2 wd_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">110.<span class=\"__6 _335\"></span>139<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf2_4 y391_2 we_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">15<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>.<span class=\"__6 _342\"></span>734<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf3_4 y391_2 wf_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>.2<span class=\"__6 _342\"></span>46<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf4_3 y391_2 w10_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">50.488<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y392_2 w7_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf5_3 y392_2 w11_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-81.<span class=\"__6 _335\"></span>116<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xed_4 y393_2 w9_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf6_3 y393_2 w12_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">12<span class=\"__6 _342\"></span>8.711<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y394_2 w13_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Char<span class=\"__6 _342\"></span>ges de gestion<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 xf7_3 y394_2 w14_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-90.<span class=\"__6 _336\"></span>538<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf8_3 y394_2 w15_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">21.00<span class=\"__6 _342\"></span>3<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf9_3 y394_2 w16_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-69<span class=\"__6 _342\"></span>.535<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y396_2 w17_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1e_6 ws32_6\">Au<span class=\"__6 _343\"></span>tre<span class=\"__6 _343\"></span>s</div><div class=\"t_6 m0_6 xfa_3 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 xfb_3 y396_2 w18_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-2.2<span class=\"__6 _336\"></span>31<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xfc_3 y396_2 w19_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">32.22<span class=\"__6 _342\"></span>7<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xfd_3 y396_2 w1a_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">29<span class=\"__6 _342\"></span>.996<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w1b_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l du r\u00e9<span class=\"__6 _342\"></span>sultat global<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 xfe_3 y398_2 w1c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">113.<span class=\"__6 _342\"></span>529<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xff_3 y398_2 w1d_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x100_3 y398_2 w1c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">113.<span class=\"__6 _342\"></span>529<span class=\"__6 _341\"> </span></div></td></tr></table>1 <span class=\"__6 _346\"> </span> Ceci com<span class=\"__6 _342\"></span>prend les pas<span class=\"__6 _342\"></span>sifs d\u2019imp\u00f4t diff\u00e9r\u00e9 (5<span class=\"__6 _336\"></span>,<span class=\"__6 _342\"></span>17 millions EUR d<span class=\"__6 _336\"></span>ans le r<span class=\"__6 _342\"></span>\u00e9sultat globa<span class=\"__6 _342\"></span>l repr\u00e9s<span class=\"__6 _336\"></span>ent<span class=\"__6 _336\"></span>ant u<span class=\"__6 _336\"></span>n mont<span class=\"__6 _342\"></span>ant to<span class=\"__6 _336\"></span>tal de 71,54 milli<span class=\"__6 _336\"></span>ons EUR d<span class=\"__6 _336\"></span>ans le<span class=\"__6 _342\"></span>s passifs) pour les diff\u00e9r<span class=\"__6 _342\"></span>ences tem<span class=\"__6 _336\"></span>porair<span class=\"__6 _342\"></span>es imposables c<span class=\"__6 _336\"></span>ompta<span class=\"__6 _342\"></span>bilis\u00e9es par certain<span class=\"__6 _336\"></span>es filiale<span class=\"__6 _342\"></span>s d\u2019investissem<span class=\"__6 _342\"></span>ent entr<span class=\"__6 _342\"></span>e la valeur com<span class=\"__6 _342\"></span>ptable et la ba<span class=\"__6 _342\"></span>se fiscale d\u2019inv<span class=\"__6 _336\"></span>estis<span class=\"__6 _342\"></span>sements du portef<span class=\"__6 _342\"></span>euille ayan<span class=\"__6 _342\"></span>t un impact sur leu<span class=\"__6 _336\"></span>r just<span class=\"__6 _342\"></span>e valeur com<span class=\"__6 _342\"></span>ptabilis\u00e9e d<span class=\"__6 _342\"></span>ans le portefe<span class=\"__6 _342\"></span>uille d\u2019investissem<span class=\"__6 _336\"></span>ent de So<span class=\"__6 _336\"></span>fina SA (voir po<span class=\"__6 _336\"></span>int 3<span class=\"__6 _342\"></span>.<span class=\"__6 _336\"></span>15). En outr<span class=\"__6 _342\"></span>e, il exist<span class=\"__6 _342\"></span>e des b\u00e9n\u00e9fices ac<span class=\"__6 _336\"></span>cumul\u00e9s a<span class=\"__6 _342\"></span>u sein de Sofina F<span class=\"__6 _342\"></span>onds Priv<span class=\"__6 _336\"></span>\u00e9s qui pourr<span class=\"__6 _342\"></span>aient devenir im<span class=\"__6 _342\"></span>posables \u00e0 un taux de 2<span class=\"__6 _342\"></span>5% dans le sc\u00e9n<span class=\"__6 _342\"></span>ario th\u00e9orique o\u00f9 les filia<span class=\"__6 _342\"></span>les d\u2019investis<span class=\"__6 _342\"></span>sement d\u00e9ten<span class=\"__6 _342\"></span>ant ce portef<span class=\"__6 _342\"></span>euille seraien<span class=\"__6 _336\"></span>t liquid\u00e9es e<span class=\"__6 _342\"></span>t o\u00f9 ces b\u00e9n\u00e9fices s<span class=\"__6 _336\"></span>eraien<span class=\"__6 _342\"></span>t distribu\u00e9s ju<span class=\"__6 _342\"></span>sque leur soci\u00e9t\u00e9 m<span class=\"__6 _342\"></span>\u00e8re Sofina SA, ce qui ne se m<span class=\"__6 _336\"></span>at\u00e9ri<span class=\"__6 _342\"></span>alisera t<span class=\"__6 _336\"></span>outef<span class=\"__6 _342\"></span>ois pas da<span class=\"__6 _336\"></span>ns le con<span class=\"__6 _342\"></span>texte a<span class=\"__6 _336\"></span>ctuel de con<span class=\"__6 _342\"></span>tinuit\u00e9 d\u2019<span class=\"__6 _342\"></span>explo<span class=\"__6 _336\"></span>itati<span class=\"__6 _336\"></span>on. En f<span class=\"__6 _336\"></span>onction des s<span class=\"__6 _336\"></span>c\u00e9nario<span class=\"__6 _342\"></span>s th\u00e9oriques envisag\u00e9s (c<span class=\"__6 _342\"></span>omme une vent<span class=\"__6 _342\"></span>e ou une liquidati<span class=\"__6 _342\"></span>on de Sofina Fond<span class=\"__6 _336\"></span>s Priv<span class=\"__6 _336\"></span>\u00e9s), 0 \u00e0 61% de la Net A<span class=\"__6 _336\"></span>sset V<span class=\"__6 _342\"></span>al<span class=\"__6 _342\"></span>ue des filiales d\u2019inves<span class=\"__6 _336\"></span>tissemen<span class=\"__6 _342\"></span>t d\u00e9tenan<span class=\"__6 _342\"></span>t Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9s po<span class=\"__6 _336\"></span>urraien<span class=\"__6 _342\"></span>t \u00eatre impo<span class=\"__6 _342\"></span>sables \u00e0 25%. Ce<span class=\"__6 _342\"></span>t imp\u00f4t hypoth<span class=\"__6 _336\"></span>\u00e9tique n<span class=\"__6 _336\"></span>\u2019<span class=\"__6 _342\"></span>a toutef<span class=\"__6 _342\"></span>ois pas \u00e9t<span class=\"__6 _342\"></span>\u00e9 comptab<span class=\"__6 _336\"></span>ilis\u00e9 car s<span class=\"__6 _336\"></span>es \u00e9v<span class=\"__6 _342\"></span>\u00e9nements d\u00e9clenc<span class=\"__6 _336\"></span>heurs s<span class=\"__6 _342\"></span>ont sous le con<span class=\"__6 _342\"></span>tr\u00f4le de Sofina SA et n<span class=\"__6 _342\"></span>e sont pas pr<span class=\"__6 _342\"></span>obables. P<span class=\"__6 _342\"></span>ar ailleurs<span class=\"__6 _336\"></span>, les filiales d\u2019inv<span class=\"__6 _342\"></span>estissemen<span class=\"__6 _342\"></span>t de Sofina SA ne comp<span class=\"__6 _342\"></span>tabilisen<span class=\"__6 _342\"></span>t pas d\u2019<span class=\"__6 _342\"></span>actifs d\u2019imp\u00f4t diff\u00e9r<span class=\"__6 _342\"></span>\u00e9 pour les pertes fisc<span class=\"__6 _336\"></span>ales r<span class=\"__6 _342\"></span>eport\u00e9es, car leu<span class=\"__6 _342\"></span>r r\u00e9cup\u00e9ra<span class=\"__6 _342\"></span>tion n\u2019<span class=\"__6 _342\"></span>est pa<span class=\"__6 _342\"></span>s consid\u00e9r\u00e9e c<span class=\"__6 _342\"></span>omme probable. I<span class=\"__6 _336\"></span>ci aussi, \u00e9<span class=\"__6 _342\"></span>tant donn\u00e9 qu\u2019<span class=\"__6 _342\"></span>aucun ac<span class=\"__6 _336\"></span>tif d\u2019imp\u00f4t diff<span class=\"__6 _336\"></span>\u00e9r\u00e9 n<span class=\"__6 _336\"></span>\u2019<span class=\"__6 _342\"></span>est c<span class=\"__6 _336\"></span>ompta<span class=\"__6 _342\"></span>bilis\u00e9 par les filiale<span class=\"__6 _342\"></span>s d\u2019investiss<span class=\"__6 _336\"></span>ement \u00e0 c<span class=\"__6 _336\"></span>et \u00e9gar<span class=\"__6 _342\"></span>d, leur just<span class=\"__6 _336\"></span>e valeu<span class=\"__6 _336\"></span>r n\u2019<span class=\"__6 _335\"></span>en est pas aff<span class=\"__6 _342\"></span>ect\u00e9e.<span class=\"__6 _341\"> </span><table class=\"s_1 w3e_1 h26_2\" id=\"_8dcb7c94-6d79-4259-b8f0-91ecb4a7308e\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x11d_1 hb_6 y3ca_2 ff4_6 fs5_6 fc0_6 sc0_6 ls2_6 ws29_6\">EN MILLIER<span class=\"__6 _342\"></span>S E<span class=\"__6 _343\"></span>UR<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"c_1 n_1 xe7_4 y39b_2 w8f_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">R\u00c9<span class=\"__6 _342\"></span>SUL<span class=\"__6 _342\"></span>T<span class=\"__6 _335\"></span>A<span class=\"__6 _335\"></span>T GL<span class=\"__6 _342\"></span>OBAL (2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>4)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x179 y39b_2 w20_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">SOFINA DIRECT<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 x11f_1 hc_6 y3cb_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">SOFIN<span class=\"__6 _336\"></span>A FONDS </td><td class=\"t_6 m0_6 x17a hc_6 y3cc_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1a_6 ws2d_6\">TOT<span class=\"__6 _342\"></span>A<span class=\"__6 _343\"></span>L<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x17b hc_6 y3cb_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9L\u00c9MENTS<span class=\"__6 _343\"></span> DE </td><td class=\"t_6 m0_6 x17c hc_6 y3cc_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9T<span class=\"__6 _342\"></span>A<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>S FINAN<span class=\"__6 _343\"></span>CIERS<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x123_1 hc_6 y3cd_2 ff4_6 fs6_6 fc2_6 sc0_6 ls19_6 ws2c_6\">PR<span class=\"__6 _343\"></span>I<span class=\"__6 _343\"></span>V\u00c9S<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 x17d hc_6 y3cd_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">R\u00c9CONCIL<span class=\"__6 _336\"></span>IA<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>ION<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3ce_2 w2_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Dividende<span class=\"__6 _336\"></span>s<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x17e y3ce_2 w90_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>.<span class=\"__6 _342\"></span>196<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x17f y3ce_2 w91_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">2.<span class=\"__6 _343\"></span>526<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x180 y3ce_2 w92_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2b_6 ws41_4\">59.7<span class=\"__6 _343\"></span>2<span class=\"__6 _343\"></span>2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x181 y3ce_2 w93_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">9<span class=\"__6 _342\"></span>72.32<span class=\"__6 _342\"></span>4<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x182 y3ce_2 w94_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.0<span class=\"__6 _342\"></span>32.046<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a1_2 w7_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x183 y3a1_2 w95_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2c_6 ws42_4\">49.<span class=\"__6 _2f_4\"></span>85<span class=\"__6 _343\"></span>2<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a4_2 w9_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x184 y3a4_2 w96_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1d_6 ws31_6\">7.<span class=\"__6 _2f_4\"></span>3<span class=\"__6 _a_5\"></span>4<span class=\"__6 _a_5\"></span>4<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3cf_2 wb_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">R\u00e9<span class=\"__6 _342\"></span>sultat net d<span class=\"__6 _342\"></span>u por<span class=\"__6 _343\"></span>tef<span class=\"__6 _336\"></span>euille d'inve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>t<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x185 y3cf_2 w97_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">862.<span class=\"__6 _342\"></span>752<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x186 y3cf_2 w98_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">52<span class=\"__6 _342\"></span>3.2<span class=\"__6 _342\"></span>48<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x187 y3cf_2 w99_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.386.<span class=\"__6 _342\"></span>000<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x188 y3cf_2 w9a_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-1.<span class=\"__6 _336\"></span>02<span class=\"__6 _342\"></span>9.<span class=\"__6 _342\"></span>710<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x189 y3cf_2 w9b_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">356.2<span class=\"__6 _342\"></span>90<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a7_2 w7_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xee_4 y3a7_2 w9c_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2d_6 ws43_4\">537<span class=\"__6 _335\"></span>.316<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a8_2 w9_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x18a y3a8_2 w9d_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">32<span class=\"__6 _342\"></span>5.436<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3d0_2 w13_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Char<span class=\"__6 _342\"></span>ges de gestion<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x18b y3d0_2 w9e_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-84.34<span class=\"__6 _336\"></span>1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x18c y3d0_2 w9f_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2<span class=\"__6 _336\"></span>0.822<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x18d y3d0_2 wa0_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-63<span class=\"__6 _342\"></span>.519<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y3d1_2 w17_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1e_6 ws32_6\">Au<span class=\"__6 _343\"></span>tre<span class=\"__6 _343\"></span>s</div><div class=\"t_6 m0_6 xfa_3 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x18e y3d1_2 wa1_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-2.55<span class=\"__6 _342\"></span>9<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x18f y3d1_2 wa2_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">36.564<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x190 y3d1_2 wa3_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">34.005<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w1b_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l du r\u00e9<span class=\"__6 _342\"></span>sultat global<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x191 y398_2 wa4_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.358.822<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x192 y398_2 wa5_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x193 y398_2 wa6_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.358.822<span class=\"__6 _341\"> </span></div></td></tr></table>1 <span class=\"__6 _346\"> </span> Ceci com<span class=\"__6 _342\"></span>prend les pas<span class=\"__6 _342\"></span>sifs d\u2019imp\u00f4t diff\u00e9r\u00e9 (2<span class=\"__6 _342\"></span>9,30 milli<span class=\"__6 _342\"></span>ons EUR dan<span class=\"__6 _342\"></span>s le r\u00e9sultat glob<span class=\"__6 _336\"></span>al r<span class=\"__6 _336\"></span>epr\u00e9<span class=\"__6 _336\"></span>sent<span class=\"__6 _342\"></span>ant un mon<span class=\"__6 _336\"></span>tan<span class=\"__6 _342\"></span>t total de 66<span class=\"__6 _342\"></span>,37 milli<span class=\"__6 _342\"></span>ons EUR dan<span class=\"__6 _336\"></span>s les pas<span class=\"__6 _342\"></span>sifs) pour les diff\u00e9renc<span class=\"__6 _342\"></span>es temporair<span class=\"__6 _342\"></span>es imposables c<span class=\"__6 _342\"></span>omptabili<span class=\"__6 _336\"></span>s\u00e9es par c<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>taines filia<span class=\"__6 _342\"></span>les         d\u2019inves<span class=\"__6 _336\"></span>tissemen<span class=\"__6 _342\"></span>t entre l<span class=\"__6 _342\"></span>a valeur comp<span class=\"__6 _342\"></span>table et la bas<span class=\"__6 _342\"></span>e fiscale d\u2019inves<span class=\"__6 _342\"></span>tissement<span class=\"__6 _336\"></span>s du portef<span class=\"__6 _336\"></span>euille ay<span class=\"__6 _342\"></span>ant un impac<span class=\"__6 _336\"></span>t sur leur ju<span class=\"__6 _342\"></span>ste valeu<span class=\"__6 _336\"></span>r compt<span class=\"__6 _342\"></span>abilis\u00e9e dan<span class=\"__6 _342\"></span>s le portefeuille d\u2019inv<span class=\"__6 _336\"></span>estis<span class=\"__6 _342\"></span>sement de Sofina SA (v<span class=\"__6 _342\"></span>oir point 3.<span class=\"__6 _335\"></span>15). En outre<span class=\"__6 _336\"></span>, il exist<span class=\"__6 _342\"></span>e des         b\u00e9n\u00e9fice<span class=\"__6 _336\"></span>s accum<span class=\"__6 _336\"></span>ul\u00e9s au sein de Sofin<span class=\"__6 _342\"></span>a Fonds P<span class=\"__6 _342\"></span>riv\u00e9s qui pourrai<span class=\"__6 _342\"></span>ent devenir impo<span class=\"__6 _342\"></span>sables \u00e0 un taux de 2<span class=\"__6 _342\"></span>5% dans le sc\u00e9na<span class=\"__6 _342\"></span>rio th\u00e9orique o\u00f9 les filiale<span class=\"__6 _342\"></span>s d\u2019investiss<span class=\"__6 _336\"></span>ement d\u00e9<span class=\"__6 _342\"></span>tenant c<span class=\"__6 _336\"></span>e portefe<span class=\"__6 _342\"></span>uille seraient liqui<span class=\"__6 _342\"></span>d\u00e9es et o\u00f9 ces b\u00e9n\u00e9fi<span class=\"__6 _336\"></span>ces ser<span class=\"__6 _342\"></span>aient         distribu\u00e9<span class=\"__6 _342\"></span>s jusque Sofina SA, ce q<span class=\"__6 _336\"></span>ui ne se ma<span class=\"__6 _336\"></span>t\u00e9ria<span class=\"__6 _342\"></span>lisera tout<span class=\"__6 _342\"></span>efois pa<span class=\"__6 _342\"></span>s dans le con<span class=\"__6 _342\"></span>texte act<span class=\"__6 _342\"></span>uel de continuit<span class=\"__6 _336\"></span>\u00e9 d\u2019<span class=\"__6 _342\"></span>exploit<span class=\"__6 _336\"></span>ation. E<span class=\"__6 _342\"></span>n fonction des sc<span class=\"__6 _336\"></span>\u00e9nario<span class=\"__6 _336\"></span>s th\u00e9oriques envi<span class=\"__6 _342\"></span>sag\u00e9s (comme une ven<span class=\"__6 _342\"></span>te ou une liquid<span class=\"__6 _342\"></span>ation de Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9<span class=\"__6 _342\"></span>s), 0 \u00e0 59%         de la Net As<span class=\"__6 _336\"></span>set V<span class=\"__6 _342\"></span>alue de<span class=\"__6 _342\"></span>s filiales d\u2019inves<span class=\"__6 _336\"></span>tissemen<span class=\"__6 _342\"></span>t d\u00e9tenan<span class=\"__6 _342\"></span>t Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9s po<span class=\"__6 _342\"></span>urraient \u00eatr<span class=\"__6 _342\"></span>e imposables \u00e0 2<span class=\"__6 _342\"></span>5%. Cet imp\u00f4<span class=\"__6 _336\"></span>t hypoth<span class=\"__6 _342\"></span>\u00e9tique n\u2019<span class=\"__6 _342\"></span>a toute<span class=\"__6 _336\"></span>foi<span class=\"__6 _336\"></span>s pas \u00e9t<span class=\"__6 _342\"></span>\u00e9 comptab<span class=\"__6 _336\"></span>ilis\u00e9 car s<span class=\"__6 _342\"></span>es \u00e9v\u00e9nemen<span class=\"__6 _342\"></span>ts d\u00e9clencheur<span class=\"__6 _336\"></span>s sont s<span class=\"__6 _336\"></span>ous le con<span class=\"__6 _342\"></span>tr\u00f4le de Sofina         SA et ne son<span class=\"__6 _342\"></span>t pas proba<span class=\"__6 _336\"></span>bles. P<span class=\"__6 _342\"></span>ar ailleur<span class=\"__6 _336\"></span>s, les filia<span class=\"__6 _342\"></span>les d\u2019investis<span class=\"__6 _336\"></span>semen<span class=\"__6 _336\"></span>t de Sofina SA ne com<span class=\"__6 _342\"></span>ptabilisen<span class=\"__6 _342\"></span>t pas d\u2019<span class=\"__6 _342\"></span>actifs d\u2019imp\u00f4t diff<span class=\"__6 _336\"></span>\u00e9r\u00e9 pou<span class=\"__6 _336\"></span>r les pertes fi<span class=\"__6 _336\"></span>scale<span class=\"__6 _336\"></span>s report\u00e9e<span class=\"__6 _342\"></span>s, car leur r<span class=\"__6 _336\"></span>\u00e9cup\u00e9ra<span class=\"__6 _342\"></span>tion n\u2019<span class=\"__6 _342\"></span>est pa<span class=\"__6 _342\"></span>s consid\u00e9r<span class=\"__6 _336\"></span>\u00e9e comme pr<span class=\"__6 _336\"></span>obable. I<span class=\"__6 _336\"></span>ci aussi, \u00e9<span class=\"__6 _342\"></span>tant         donn\u00e9 qu\u2019<span class=\"__6 _342\"></span>aucun actif d\u2019im<span class=\"__6 _336\"></span>p\u00f4t diff\u00e9r<span class=\"__6 _342\"></span>\u00e9 n\u2019<span class=\"__6 _342\"></span>est com<span class=\"__6 _336\"></span>pta<span class=\"__6 _336\"></span>bilis\u00e9 pa<span class=\"__6 _336\"></span>r les filiale<span class=\"__6 _342\"></span>s d\u2019investiss<span class=\"__6 _336\"></span>ement \u00e0 c<span class=\"__6 _336\"></span>et \u00e9gar<span class=\"__6 _342\"></span>d, leur juste v<span class=\"__6 _342\"></span>aleur n\u2019<span class=\"__6 _335\"></span>en est pas a<span class=\"__6 _336\"></span>ffect\u00e9<span class=\"__6 _336\"></span>e.<span class=\"__6 _341\"> </span><div class=\"t_7 m1_7 h2_7 ff2_7 fs1_7 fc1_7 sc0_7 ls39_5 ws62_4 gs80_1\">3.<span class=\"__7 _361\"></span>10<span class=\"__7 _359\"></span> DIVIDENDES<span class=\"__7 _357\"> </span></div><div class=\"gs81_1\"><table class=\"s_2 w6f_2 h33_3\" id=\"_4a8ce372-17a4-48da-b691-364bd7defb08\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y3f7_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x22a_1 y387_3 w17c_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x22b_1 y387_3 w17d_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f8_3 w17e_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dividende<span class=\"__7 _355\"></span>s re\u00e7us d\u2019<span class=\"__7 _358\"></span>entr<span class=\"__7 _355\"></span>eprises li<span class=\"__7 _355\"></span>\u00e9es non con<span class=\"__7 _355\"></span>solid\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x22c_1 y3f8_3 w17f_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">80.<span class=\"__7 _361\"></span>770<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x22d_1 y3f8_3 w180_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _355\"></span>0<span class=\"__7 _355\"></span>13.2<span class=\"__7 _355\"></span>76<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38c_3 w181_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dividende<span class=\"__7 _355\"></span>s re\u00e7us d\u2019<span class=\"__7 _358\"></span>entr<span class=\"__7 _355\"></span>eprises a<span class=\"__7 _355\"></span>ssoci\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x22e_1 y38c_3 w182_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">7<span class=\"__7 _358\"></span>.500<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x22f_1 y38c_3 w183_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5.614<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38d_3 w184_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dividende<span class=\"__7 _355\"></span>s re\u00e7us d\u2019<span class=\"__7 _361\"></span>autre<span class=\"__7 _355\"></span>s entr<span class=\"__7 _355\"></span>eprises<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x230_1 y38d_3 w185_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">14.3<span class=\"__7 _355\"></span>10<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x231_1 y38d_3 w186_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">13<span class=\"__7 _355\"></span>.<span class=\"__7 _355\"></span>156<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y35f_3 w187_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">Dividendes</div><div class=\"t_7 m2_7 x232_1 h14_7 y3f9_3 ff2_7 fs7_7 fc1_7 sc0_7 ls2_7 ws1f_7\">3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x233_1 y35f_3 w188_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">102.580</div></td><td class=\"c_2 n_2 x234_1 y35f_3 w189_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">1.032.<span class=\"__7 _355\"></span>046</div></td></tr></table></div><div class=\"t_7 ma_5 h13_7 ffb_2 fs8_7 fc4_7 sc0_7 ls1f_7 ws5e_5 gs96_1\">3<span class=\"__7 gs97_1\"> </span>La<span class=\"__7 gs79_1\"> </span>diff\u00e9ren<span class=\"__7 _355\"></span>ce<span class=\"__7 gs79_1\"> </span>par<span class=\"__7 gs79_1\"> </span>rapport<span class=\"__7 gs79_1\"> </span>au<span class=\"__7 gs79_1\"> </span>mon<span class=\"__7 _355\"></span>tan<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>dividendes<span class=\"__7 gs79_1\"> </span>pr<span class=\"__7 _355\"></span>\u00e9sent\u00e9<span class=\"__7 _355\"></span>s<span class=\"__7 gs79_1\"> </span>dans<span class=\"__7 gs79_1\"> </span>l\u2019<span class=\"__7 _355\"></span>\u00c9tat<span class=\"__7 gs79_1\"> </span>con<span class=\"__7 _355\"></span>solid\u00e9<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>flux<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>tr<span class=\"__7 _355\"></span>\u00e9sorerie<span class=\"__7 gs79_1\"> </span>es<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>principalemen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>due<span class=\"__7 gs79_1\"> </span>\u00e0<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>paiemen<span class=\"__7 _355\"></span>ts<span class=\"__7 gs79_1\"> </span>diff\u00e9r\u00e9s<span class=\"__7 gs79_1\"> </span>(enr<span class=\"__7 _355\"></span>egistr<span class=\"__7 _355\"></span>ement<span class=\"__7 gs79_1\"> </span>dan<span class=\"__7 _355\"></span>s<span class=\"__7 gs79_1\"> </span>un<span class=\"__7 gs79_1\"> </span>p\u00e9riode,<span class=\"__7 gs79_1\"> </span>mais<span class=\"__7 gs79_1\"> </span>p<span class=\"__7 _355\"></span>aiement<span class=\"__7 gs79_1\"> </span>dan<span class=\"__7 _355\"></span>s<span class=\"__7 gs79_1\"> </span>une<span class=\"__7 gs79_1\"> </span>autr<span class=\"__7 _355\"></span>e),<span class=\"__7 gs79_1\"> </span>\u00e0<span class=\"__7 gs79_1\"> </span>certaines<span class=\"__7 gs79_1\"> </span></div><div class=\"t_7 ma_5 h10_7 ff9_4 fs8_7 fc4_7 sc0_7 ls1f_7 ws0_7 gs98_1\">       tran<span class=\"__7 _355\"></span>sactions<span class=\"__7 _355\"></span> qui ont eu une con<span class=\"__7 _355\"></span>trepa<span class=\"__7 _355\"></span>rtie en natur<span class=\"__7 _355\"></span>e et \u00e0 des re<span class=\"__7 _355\"></span>tenues \u00e0 la so<span class=\"__7 _355\"></span>urce.<span class=\"__7 _355\"></span> </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-257": {
   "value": "<table class=\"s_1 w1_1 h1a_6\" id=\"_2c30f665-f1ff-4d8a-878b-31e87cb2558f\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 xdd_4 hb_6 y388_3 ff4_6 fs5_6 fc0_6 sc0_6 ls2_6 ws29_6\">EN MILLIER<span class=\"__6 _342\"></span>S E<span class=\"__6 _343\"></span>UR<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hc_6 y389_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">R\u00c9<span class=\"__6 _342\"></span>SUL<span class=\"__6 _342\"></span>T<span class=\"__6 _335\"></span>A<span class=\"__6 _335\"></span>T GL<span class=\"__6 _342\"></span>OBAL (2<span class=\"__6 _342\"></span>025)<span class=\"ls2_6\"> </span></td><td class=\"t_6 m0_6 xdf_4 hc_6 y38a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">SOFINA DIRECT<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 xe0_4 hc_6 y389_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">SOFIN<span class=\"__6 _336\"></span>A FONDS </td><td class=\"t_6 m0_6 xe1_4 hc_6 y38a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1a_6 ws2d_6\">TOT<span class=\"__6 _342\"></span>A<span class=\"__6 _343\"></span>L<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 xe2_4 hc_6 y389_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9L\u00c9MENTS<span class=\"__6 _343\"></span> DE </td><td class=\"t_6 m0_6 xe3_4 hc_6 y38a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9T<span class=\"__6 _342\"></span>A<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>S FINAN<span class=\"__6 _343\"></span>CIERS<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 xe4_4 hc_6 y38b_2 ff4_6 fs6_6 fc2_6 sc0_6 ls19_6 ws2c_6\">PR<span class=\"__6 _343\"></span>I<span class=\"__6 _343\"></span>V\u00c9S<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 xe5_4 hc_6 y38b_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">R\u00c9CONCIL<span class=\"__6 _336\"></span>IA<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>ION<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y38d_2 w2_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Dividende<span class=\"__6 _336\"></span>s<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xe8_4 y38d_2 w3_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">48.564<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xe9_4 y38d_2 w4_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xea_4 y38d_2 w3_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">48.564<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xeb_4 y38d_2 w5_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">54.0<span class=\"__6 _342\"></span>16<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xec_4 y38d_2 w6_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">102.<span class=\"__6 _336\"></span>580<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y38f_2 w7_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xee_4 y38f_2 w8_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">48.564<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xed_4 y390_2 w9_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xef_4 y390_2 wa_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y391_2 wb_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">R\u00e9<span class=\"__6 _342\"></span>sultat net d<span class=\"__6 _342\"></span>u por<span class=\"__6 _343\"></span>tef<span class=\"__6 _336\"></span>euille d'inve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>t<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf0_4 y391_2 wc_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1d_6 ws31_6\">4<span class=\"__6 _a_5\"></span>7.<span class=\"__6 _343\"></span>5<span class=\"__6 _a_5\"></span>9<span class=\"__6 _a_5\"></span>5<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf1_4 y391_2 wd_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">110.<span class=\"__6 _335\"></span>139<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf2_4 y391_2 we_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">15<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>.<span class=\"__6 _342\"></span>734<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf3_4 y391_2 wf_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>.2<span class=\"__6 _342\"></span>46<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf4_3 y391_2 w10_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">50.488<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y392_2 w7_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf5_3 y392_2 w11_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-81.<span class=\"__6 _335\"></span>116<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xed_4 y393_2 w9_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf6_3 y393_2 w12_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">12<span class=\"__6 _342\"></span>8.711<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y394_2 w13_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Char<span class=\"__6 _342\"></span>ges de gestion<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 xf7_3 y394_2 w14_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-90.<span class=\"__6 _336\"></span>538<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf8_3 y394_2 w15_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">21.00<span class=\"__6 _342\"></span>3<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xf9_3 y394_2 w16_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-69<span class=\"__6 _342\"></span>.535<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y396_2 w17_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1e_6 ws32_6\">Au<span class=\"__6 _343\"></span>tre<span class=\"__6 _343\"></span>s</div><div class=\"t_6 m0_6 xfa_3 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 xfb_3 y396_2 w18_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-2.2<span class=\"__6 _336\"></span>31<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xfc_3 y396_2 w19_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">32.22<span class=\"__6 _342\"></span>7<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xfd_3 y396_2 w1a_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">29<span class=\"__6 _342\"></span>.996<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w1b_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l du r\u00e9<span class=\"__6 _342\"></span>sultat global<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 xfe_3 y398_2 w1c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">113.<span class=\"__6 _342\"></span>529<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xff_3 y398_2 w1d_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x100_3 y398_2 w1c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">113.<span class=\"__6 _342\"></span>529<span class=\"__6 _341\"> </span></div></td></tr></table>1 <span class=\"__6 _346\"> </span> Ceci com<span class=\"__6 _342\"></span>prend les pas<span class=\"__6 _342\"></span>sifs d\u2019imp\u00f4t diff\u00e9r\u00e9 (5<span class=\"__6 _336\"></span>,<span class=\"__6 _342\"></span>17 millions EUR d<span class=\"__6 _336\"></span>ans le r<span class=\"__6 _342\"></span>\u00e9sultat globa<span class=\"__6 _342\"></span>l repr\u00e9s<span class=\"__6 _336\"></span>ent<span class=\"__6 _336\"></span>ant u<span class=\"__6 _336\"></span>n mont<span class=\"__6 _342\"></span>ant to<span class=\"__6 _336\"></span>tal de 71,54 milli<span class=\"__6 _336\"></span>ons EUR d<span class=\"__6 _336\"></span>ans le<span class=\"__6 _342\"></span>s passifs) pour les diff\u00e9r<span class=\"__6 _342\"></span>ences tem<span class=\"__6 _336\"></span>porair<span class=\"__6 _342\"></span>es imposables c<span class=\"__6 _336\"></span>ompta<span class=\"__6 _342\"></span>bilis\u00e9es par certain<span class=\"__6 _336\"></span>es filiale<span class=\"__6 _342\"></span>s d\u2019investissem<span class=\"__6 _342\"></span>ent entr<span class=\"__6 _342\"></span>e la valeur com<span class=\"__6 _342\"></span>ptable et la ba<span class=\"__6 _342\"></span>se fiscale d\u2019inv<span class=\"__6 _336\"></span>estis<span class=\"__6 _342\"></span>sements du portef<span class=\"__6 _342\"></span>euille ayan<span class=\"__6 _342\"></span>t un impact sur leu<span class=\"__6 _336\"></span>r just<span class=\"__6 _342\"></span>e valeur com<span class=\"__6 _342\"></span>ptabilis\u00e9e d<span class=\"__6 _342\"></span>ans le portefe<span class=\"__6 _342\"></span>uille d\u2019investissem<span class=\"__6 _336\"></span>ent de So<span class=\"__6 _336\"></span>fina SA (voir po<span class=\"__6 _336\"></span>int 3<span class=\"__6 _342\"></span>.<span class=\"__6 _336\"></span>15). En outr<span class=\"__6 _342\"></span>e, il exist<span class=\"__6 _342\"></span>e des b\u00e9n\u00e9fices ac<span class=\"__6 _336\"></span>cumul\u00e9s a<span class=\"__6 _342\"></span>u sein de Sofina F<span class=\"__6 _342\"></span>onds Priv<span class=\"__6 _336\"></span>\u00e9s qui pourr<span class=\"__6 _342\"></span>aient devenir im<span class=\"__6 _342\"></span>posables \u00e0 un taux de 2<span class=\"__6 _342\"></span>5% dans le sc\u00e9n<span class=\"__6 _342\"></span>ario th\u00e9orique o\u00f9 les filia<span class=\"__6 _342\"></span>les d\u2019investis<span class=\"__6 _342\"></span>sement d\u00e9ten<span class=\"__6 _342\"></span>ant ce portef<span class=\"__6 _342\"></span>euille seraien<span class=\"__6 _336\"></span>t liquid\u00e9es e<span class=\"__6 _342\"></span>t o\u00f9 ces b\u00e9n\u00e9fices s<span class=\"__6 _336\"></span>eraien<span class=\"__6 _342\"></span>t distribu\u00e9s ju<span class=\"__6 _342\"></span>sque leur soci\u00e9t\u00e9 m<span class=\"__6 _342\"></span>\u00e8re Sofina SA, ce qui ne se m<span class=\"__6 _336\"></span>at\u00e9ri<span class=\"__6 _342\"></span>alisera t<span class=\"__6 _336\"></span>outef<span class=\"__6 _342\"></span>ois pas da<span class=\"__6 _336\"></span>ns le con<span class=\"__6 _342\"></span>texte a<span class=\"__6 _336\"></span>ctuel de con<span class=\"__6 _342\"></span>tinuit\u00e9 d\u2019<span class=\"__6 _342\"></span>explo<span class=\"__6 _336\"></span>itati<span class=\"__6 _336\"></span>on. En f<span class=\"__6 _336\"></span>onction des s<span class=\"__6 _336\"></span>c\u00e9nario<span class=\"__6 _342\"></span>s th\u00e9oriques envisag\u00e9s (c<span class=\"__6 _342\"></span>omme une vent<span class=\"__6 _342\"></span>e ou une liquidati<span class=\"__6 _342\"></span>on de Sofina Fond<span class=\"__6 _336\"></span>s Priv<span class=\"__6 _336\"></span>\u00e9s), 0 \u00e0 61% de la Net A<span class=\"__6 _336\"></span>sset V<span class=\"__6 _342\"></span>al<span class=\"__6 _342\"></span>ue des filiales d\u2019inves<span class=\"__6 _336\"></span>tissemen<span class=\"__6 _342\"></span>t d\u00e9tenan<span class=\"__6 _342\"></span>t Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9s po<span class=\"__6 _336\"></span>urraien<span class=\"__6 _342\"></span>t \u00eatre impo<span class=\"__6 _342\"></span>sables \u00e0 25%. Ce<span class=\"__6 _342\"></span>t imp\u00f4t hypoth<span class=\"__6 _336\"></span>\u00e9tique n<span class=\"__6 _336\"></span>\u2019<span class=\"__6 _342\"></span>a toutef<span class=\"__6 _342\"></span>ois pas \u00e9t<span class=\"__6 _342\"></span>\u00e9 comptab<span class=\"__6 _336\"></span>ilis\u00e9 car s<span class=\"__6 _336\"></span>es \u00e9v<span class=\"__6 _342\"></span>\u00e9nements d\u00e9clenc<span class=\"__6 _336\"></span>heurs s<span class=\"__6 _342\"></span>ont sous le con<span class=\"__6 _342\"></span>tr\u00f4le de Sofina SA et n<span class=\"__6 _342\"></span>e sont pas pr<span class=\"__6 _342\"></span>obables. P<span class=\"__6 _342\"></span>ar ailleurs<span class=\"__6 _336\"></span>, les filiales d\u2019inv<span class=\"__6 _342\"></span>estissemen<span class=\"__6 _342\"></span>t de Sofina SA ne comp<span class=\"__6 _342\"></span>tabilisen<span class=\"__6 _342\"></span>t pas d\u2019<span class=\"__6 _342\"></span>actifs d\u2019imp\u00f4t diff\u00e9r<span class=\"__6 _342\"></span>\u00e9 pour les pertes fisc<span class=\"__6 _336\"></span>ales r<span class=\"__6 _342\"></span>eport\u00e9es, car leu<span class=\"__6 _342\"></span>r r\u00e9cup\u00e9ra<span class=\"__6 _342\"></span>tion n\u2019<span class=\"__6 _342\"></span>est pa<span class=\"__6 _342\"></span>s consid\u00e9r\u00e9e c<span class=\"__6 _342\"></span>omme probable. I<span class=\"__6 _336\"></span>ci aussi, \u00e9<span class=\"__6 _342\"></span>tant donn\u00e9 qu\u2019<span class=\"__6 _342\"></span>aucun ac<span class=\"__6 _336\"></span>tif d\u2019imp\u00f4t diff<span class=\"__6 _336\"></span>\u00e9r\u00e9 n<span class=\"__6 _336\"></span>\u2019<span class=\"__6 _342\"></span>est c<span class=\"__6 _336\"></span>ompta<span class=\"__6 _342\"></span>bilis\u00e9 par les filiale<span class=\"__6 _342\"></span>s d\u2019investiss<span class=\"__6 _336\"></span>ement \u00e0 c<span class=\"__6 _336\"></span>et \u00e9gar<span class=\"__6 _342\"></span>d, leur just<span class=\"__6 _336\"></span>e valeu<span class=\"__6 _336\"></span>r n\u2019<span class=\"__6 _335\"></span>en est pas aff<span class=\"__6 _342\"></span>ect\u00e9e.<span class=\"__6 _341\"> </span><table class=\"s_1 w3e_1 h26_2\" id=\"_8dcb7c94-6d79-4259-b8f0-91ecb4a7308e\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x11d_1 hb_6 y3ca_2 ff4_6 fs5_6 fc0_6 sc0_6 ls2_6 ws29_6\">EN MILLIER<span class=\"__6 _342\"></span>S E<span class=\"__6 _343\"></span>UR<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"c_1 n_1 xe7_4 y39b_2 w8f_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">R\u00c9<span class=\"__6 _342\"></span>SUL<span class=\"__6 _342\"></span>T<span class=\"__6 _335\"></span>A<span class=\"__6 _335\"></span>T GL<span class=\"__6 _342\"></span>OBAL (2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>4)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x179 y39b_2 w20_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">SOFINA DIRECT<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 x11f_1 hc_6 y3cb_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">SOFIN<span class=\"__6 _336\"></span>A FONDS </td><td class=\"t_6 m0_6 x17a hc_6 y3cc_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1a_6 ws2d_6\">TOT<span class=\"__6 _342\"></span>A<span class=\"__6 _343\"></span>L<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x17b hc_6 y3cb_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9L\u00c9MENTS<span class=\"__6 _343\"></span> DE </td><td class=\"t_6 m0_6 x17c hc_6 y3cc_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9T<span class=\"__6 _342\"></span>A<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>S FINAN<span class=\"__6 _343\"></span>CIERS<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x123_1 hc_6 y3cd_2 ff4_6 fs6_6 fc2_6 sc0_6 ls19_6 ws2c_6\">PR<span class=\"__6 _343\"></span>I<span class=\"__6 _343\"></span>V\u00c9S<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 x17d hc_6 y3cd_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">R\u00c9CONCIL<span class=\"__6 _336\"></span>IA<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>ION<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3ce_2 w2_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Dividende<span class=\"__6 _336\"></span>s<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x17e y3ce_2 w90_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>.<span class=\"__6 _342\"></span>196<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x17f y3ce_2 w91_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">2.<span class=\"__6 _343\"></span>526<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x180 y3ce_2 w92_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2b_6 ws41_4\">59.7<span class=\"__6 _343\"></span>2<span class=\"__6 _343\"></span>2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x181 y3ce_2 w93_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">9<span class=\"__6 _342\"></span>72.32<span class=\"__6 _342\"></span>4<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x182 y3ce_2 w94_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.0<span class=\"__6 _342\"></span>32.046<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a1_2 w7_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x183 y3a1_2 w95_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2c_6 ws42_4\">49.<span class=\"__6 _2f_4\"></span>85<span class=\"__6 _343\"></span>2<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a4_2 w9_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x184 y3a4_2 w96_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1d_6 ws31_6\">7.<span class=\"__6 _2f_4\"></span>3<span class=\"__6 _a_5\"></span>4<span class=\"__6 _a_5\"></span>4<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3cf_2 wb_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">R\u00e9<span class=\"__6 _342\"></span>sultat net d<span class=\"__6 _342\"></span>u por<span class=\"__6 _343\"></span>tef<span class=\"__6 _336\"></span>euille d'inve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>t<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x185 y3cf_2 w97_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">862.<span class=\"__6 _342\"></span>752<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x186 y3cf_2 w98_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">52<span class=\"__6 _342\"></span>3.2<span class=\"__6 _342\"></span>48<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x187 y3cf_2 w99_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.386.<span class=\"__6 _342\"></span>000<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x188 y3cf_2 w9a_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-1.<span class=\"__6 _336\"></span>02<span class=\"__6 _342\"></span>9.<span class=\"__6 _342\"></span>710<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x189 y3cf_2 w9b_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">356.2<span class=\"__6 _342\"></span>90<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a7_2 w7_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 xee_4 y3a7_2 w9c_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2d_6 ws43_4\">537<span class=\"__6 _335\"></span>.316<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a8_2 w9_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x18a y3a8_2 w9d_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">32<span class=\"__6 _342\"></span>5.436<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3d0_2 w13_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Char<span class=\"__6 _342\"></span>ges de gestion<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x18b y3d0_2 w9e_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-84.34<span class=\"__6 _336\"></span>1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x18c y3d0_2 w9f_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2<span class=\"__6 _336\"></span>0.822<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x18d y3d0_2 wa0_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-63<span class=\"__6 _342\"></span>.519<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y3d1_2 w17_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1e_6 ws32_6\">Au<span class=\"__6 _343\"></span>tre<span class=\"__6 _343\"></span>s</div><div class=\"t_6 m0_6 xfa_3 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x18e y3d1_2 wa1_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-2.55<span class=\"__6 _342\"></span>9<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x18f y3d1_2 wa2_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">36.564<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x190 y3d1_2 wa3_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">34.005<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w1b_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l du r\u00e9<span class=\"__6 _342\"></span>sultat global<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x191 y398_2 wa4_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.358.822<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x192 y398_2 wa5_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x193 y398_2 wa6_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.358.822<span class=\"__6 _341\"> </span></div></td></tr></table>1 <span class=\"__6 _346\"> </span> Ceci com<span class=\"__6 _342\"></span>prend les pas<span class=\"__6 _342\"></span>sifs d\u2019imp\u00f4t diff\u00e9r\u00e9 (2<span class=\"__6 _342\"></span>9,30 milli<span class=\"__6 _342\"></span>ons EUR dan<span class=\"__6 _342\"></span>s le r\u00e9sultat glob<span class=\"__6 _336\"></span>al r<span class=\"__6 _336\"></span>epr\u00e9<span class=\"__6 _336\"></span>sent<span class=\"__6 _342\"></span>ant un mon<span class=\"__6 _336\"></span>tan<span class=\"__6 _342\"></span>t total de 66<span class=\"__6 _342\"></span>,37 milli<span class=\"__6 _342\"></span>ons EUR dan<span class=\"__6 _336\"></span>s les pas<span class=\"__6 _342\"></span>sifs) pour les diff\u00e9renc<span class=\"__6 _342\"></span>es temporair<span class=\"__6 _342\"></span>es imposables c<span class=\"__6 _342\"></span>omptabili<span class=\"__6 _336\"></span>s\u00e9es par c<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>taines filia<span class=\"__6 _342\"></span>les         d\u2019inves<span class=\"__6 _336\"></span>tissemen<span class=\"__6 _342\"></span>t entre l<span class=\"__6 _342\"></span>a valeur comp<span class=\"__6 _342\"></span>table et la bas<span class=\"__6 _342\"></span>e fiscale d\u2019inves<span class=\"__6 _342\"></span>tissement<span class=\"__6 _336\"></span>s du portef<span class=\"__6 _336\"></span>euille ay<span class=\"__6 _342\"></span>ant un impac<span class=\"__6 _336\"></span>t sur leur ju<span class=\"__6 _342\"></span>ste valeu<span class=\"__6 _336\"></span>r compt<span class=\"__6 _342\"></span>abilis\u00e9e dan<span class=\"__6 _342\"></span>s le portefeuille d\u2019inv<span class=\"__6 _336\"></span>estis<span class=\"__6 _342\"></span>sement de Sofina SA (v<span class=\"__6 _342\"></span>oir point 3.<span class=\"__6 _335\"></span>15). En outre<span class=\"__6 _336\"></span>, il exist<span class=\"__6 _342\"></span>e des         b\u00e9n\u00e9fice<span class=\"__6 _336\"></span>s accum<span class=\"__6 _336\"></span>ul\u00e9s au sein de Sofin<span class=\"__6 _342\"></span>a Fonds P<span class=\"__6 _342\"></span>riv\u00e9s qui pourrai<span class=\"__6 _342\"></span>ent devenir impo<span class=\"__6 _342\"></span>sables \u00e0 un taux de 2<span class=\"__6 _342\"></span>5% dans le sc\u00e9na<span class=\"__6 _342\"></span>rio th\u00e9orique o\u00f9 les filiale<span class=\"__6 _342\"></span>s d\u2019investiss<span class=\"__6 _336\"></span>ement d\u00e9<span class=\"__6 _342\"></span>tenant c<span class=\"__6 _336\"></span>e portefe<span class=\"__6 _342\"></span>uille seraient liqui<span class=\"__6 _342\"></span>d\u00e9es et o\u00f9 ces b\u00e9n\u00e9fi<span class=\"__6 _336\"></span>ces ser<span class=\"__6 _342\"></span>aient         distribu\u00e9<span class=\"__6 _342\"></span>s jusque Sofina SA, ce q<span class=\"__6 _336\"></span>ui ne se ma<span class=\"__6 _336\"></span>t\u00e9ria<span class=\"__6 _342\"></span>lisera tout<span class=\"__6 _342\"></span>efois pa<span class=\"__6 _342\"></span>s dans le con<span class=\"__6 _342\"></span>texte act<span class=\"__6 _342\"></span>uel de continuit<span class=\"__6 _336\"></span>\u00e9 d\u2019<span class=\"__6 _342\"></span>exploit<span class=\"__6 _336\"></span>ation. E<span class=\"__6 _342\"></span>n fonction des sc<span class=\"__6 _336\"></span>\u00e9nario<span class=\"__6 _336\"></span>s th\u00e9oriques envi<span class=\"__6 _342\"></span>sag\u00e9s (comme une ven<span class=\"__6 _342\"></span>te ou une liquid<span class=\"__6 _342\"></span>ation de Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9<span class=\"__6 _342\"></span>s), 0 \u00e0 59%         de la Net As<span class=\"__6 _336\"></span>set V<span class=\"__6 _342\"></span>alue de<span class=\"__6 _342\"></span>s filiales d\u2019inves<span class=\"__6 _336\"></span>tissemen<span class=\"__6 _342\"></span>t d\u00e9tenan<span class=\"__6 _342\"></span>t Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9s po<span class=\"__6 _342\"></span>urraient \u00eatr<span class=\"__6 _342\"></span>e imposables \u00e0 2<span class=\"__6 _342\"></span>5%. Cet imp\u00f4<span class=\"__6 _336\"></span>t hypoth<span class=\"__6 _342\"></span>\u00e9tique n\u2019<span class=\"__6 _342\"></span>a toute<span class=\"__6 _336\"></span>foi<span class=\"__6 _336\"></span>s pas \u00e9t<span class=\"__6 _342\"></span>\u00e9 comptab<span class=\"__6 _336\"></span>ilis\u00e9 car s<span class=\"__6 _342\"></span>es \u00e9v\u00e9nemen<span class=\"__6 _342\"></span>ts d\u00e9clencheur<span class=\"__6 _336\"></span>s sont s<span class=\"__6 _336\"></span>ous le con<span class=\"__6 _342\"></span>tr\u00f4le de Sofina         SA et ne son<span class=\"__6 _342\"></span>t pas proba<span class=\"__6 _336\"></span>bles. P<span class=\"__6 _342\"></span>ar ailleur<span class=\"__6 _336\"></span>s, les filia<span class=\"__6 _342\"></span>les d\u2019investis<span class=\"__6 _336\"></span>semen<span class=\"__6 _336\"></span>t de Sofina SA ne com<span class=\"__6 _342\"></span>ptabilisen<span class=\"__6 _342\"></span>t pas d\u2019<span class=\"__6 _342\"></span>actifs d\u2019imp\u00f4t diff<span class=\"__6 _336\"></span>\u00e9r\u00e9 pou<span class=\"__6 _336\"></span>r les pertes fi<span class=\"__6 _336\"></span>scale<span class=\"__6 _336\"></span>s report\u00e9e<span class=\"__6 _342\"></span>s, car leur r<span class=\"__6 _336\"></span>\u00e9cup\u00e9ra<span class=\"__6 _342\"></span>tion n\u2019<span class=\"__6 _342\"></span>est pa<span class=\"__6 _342\"></span>s consid\u00e9r<span class=\"__6 _336\"></span>\u00e9e comme pr<span class=\"__6 _336\"></span>obable. I<span class=\"__6 _336\"></span>ci aussi, \u00e9<span class=\"__6 _342\"></span>tant         donn\u00e9 qu\u2019<span class=\"__6 _342\"></span>aucun actif d\u2019im<span class=\"__6 _336\"></span>p\u00f4t diff\u00e9r<span class=\"__6 _342\"></span>\u00e9 n\u2019<span class=\"__6 _342\"></span>est com<span class=\"__6 _336\"></span>pta<span class=\"__6 _336\"></span>bilis\u00e9 pa<span class=\"__6 _336\"></span>r les filiale<span class=\"__6 _342\"></span>s d\u2019investiss<span class=\"__6 _336\"></span>ement \u00e0 c<span class=\"__6 _336\"></span>et \u00e9gar<span class=\"__6 _342\"></span>d, leur juste v<span class=\"__6 _342\"></span>aleur n\u2019<span class=\"__6 _335\"></span>en est pas a<span class=\"__6 _336\"></span>ffect\u00e9<span class=\"__6 _336\"></span>e.<span class=\"__6 _341\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-258": {
   "value": "<div class=\"gs3d\"><table class=\"s_1 w1e_1 h1e_6\" id=\"_3dcd552d-1d77-4882-990d-6486265f295a\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x101_3 hb_6 y399_2 ff4_6 fs5_6 fc0_6 sc0_6 ls2_6 ws29_6\">EN MILLIER<span class=\"__6 _342\"></span>S E<span class=\"__6 _343\"></span>UR<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"c_1 n_1 xe7_4 y39b_2 w1f_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">BILAN (3<span class=\"__6 _342\"></span>1/12/2<span class=\"__6 _342\"></span>025)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x102_3 y39b_2 w20_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">SOFINA DIRECT<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 xe0_4 hc_6 y39c_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">SOFIN<span class=\"__6 _336\"></span>A FONDS </td><td class=\"t_6 m0_6 xe1_4 hc_6 y39d_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1a_6 ws2d_6\">TOT<span class=\"__6 _342\"></span>A<span class=\"__6 _343\"></span>L<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 xe2_4 hc_6 y39c_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9L\u00c9MENTS<span class=\"__6 _343\"></span> DE </td><td class=\"t_6 m0_6 xe3_4 hc_6 y39d_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9T<span class=\"__6 _342\"></span>A<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>S FINAN<span class=\"__6 _343\"></span>CIERS<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 xe4_4 hc_6 y39e_2 ff4_6 fs6_6 fc2_6 sc0_6 ls19_6 ws2c_6\">PR<span class=\"__6 _343\"></span>I<span class=\"__6 _343\"></span>V\u00c9S<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 xe5_4 hc_6 y39e_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">R\u00c9CONCIL<span class=\"__6 _336\"></span>IA<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>ION<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y39f_2 w21_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">P<span class=\"__6 _342\"></span>ortefe<span class=\"__6 _336\"></span>uille d'inves<span class=\"__6 _342\"></span>tissement<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x103_3 y39f_2 w22_1 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1f_6 ws34_5\">5.<span class=\"__6 _343\"></span>61<span class=\"__6 _343\"></span>6.<span class=\"__6 _343\"></span>028\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x104_3 y39f_2 w23_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4.89<span class=\"__6 _342\"></span>3.32<span class=\"__6 _342\"></span>9<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x105_3 y39f_2 w24_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _336\"></span>509<span class=\"__6 _342\"></span>.358<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x106_3 y39f_2 w25_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-399<span class=\"__6 _342\"></span>.377<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x107_2 y39f_2 w26_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _335\"></span>109.<span class=\"__6 _342\"></span>981<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a1_2 w7_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x108_2 y3a3_2 w27_1 h22_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a2_2 ff8_4 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.95<span class=\"__6 _342\"></span>3.849<span class=\"__6 _336\"></span><span class=\"__6 gs3f\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a4_2 w9_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x109_2 y3a5_2 w28_1 h22_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a2_2 ff8_4 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.662.<span class=\"__6 _335\"></span>179\ue064<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3a6_2 w29_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>r\u00e9sor<span class=\"__6 _342\"></span>erie nette<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x10a_2 y3a6_2 w2a_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">42<span class=\"__6 _336\"></span>9<span class=\"__6 _336\"></span>.62<span class=\"__6 _342\"></span>7<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x10b_2 y3a6_2 w2b_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-119<span class=\"__6 _342\"></span>.0<span class=\"__6 _342\"></span>16<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x10c_2 y3a6_2 w2c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">310<span class=\"__6 _342\"></span>.611<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a7_2 w2d_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>r\u00e9sor<span class=\"__6 _336\"></span>erie brute<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x10d_2 y3a7_2 w2e_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.<span class=\"__6 _342\"></span>72<span class=\"__6 _342\"></span>3.<span class=\"__6 _342\"></span>065<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x10e_2 y3a7_2 w2f_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-119.<span class=\"__6 _342\"></span>016<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x10f_2 y3a7_2 w30_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.604.<span class=\"__6 _342\"></span>049<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a8_2 w31_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Dette<span class=\"__6 _342\"></span>s financi\u00e8res<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x110_2 y3a8_2 w32_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-1.2<span class=\"__6 _336\"></span>93<span class=\"__6 _342\"></span>.438<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x111_2 y3a8_2 wa_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x112_2 y3a8_2 w32_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-1.2<span class=\"__6 _336\"></span>93<span class=\"__6 _342\"></span>.438<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3a9_2 w33_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Immobilisa<span class=\"__6 _342\"></span>tions (in)corpor<span class=\"__6 _342\"></span>elles<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x113_2 y3a9_2 w34_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">9<span class=\"__6 _342\"></span>.660<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x114_2 y3a9_2 w35_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-1.906<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x115_2 y3a9_2 w36_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">7<span class=\"__6 _335\"></span>.<span class=\"__6 _336\"></span>754<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y3aa_2 w37_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Autr<span class=\"__6 _342\"></span>es \u00e9l\u00e9ments de l'<span class=\"__6 _342\"></span>actif et d<span class=\"__6 _342\"></span>u passif</div><div class=\"t_6 m0_6 x116_2 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x117_2 y3aa_2 w38_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-105.<span class=\"__6 _342\"></span>772<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x118_2 y3aa_2 w39_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">520.298<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x119_2 y3aa_2 w3a_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">414.<span class=\"__6 _336\"></span>52<span class=\"__6 _342\"></span>6<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w3b_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls21_6 ws36_4\">N<span class=\"__6 _2f_4\"></span>AV<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x11a_2 y398_2 w3c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">10.842.8<span class=\"__6 _342\"></span>72<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x11b_2 y398_2 w1d_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x11c_2 y398_2 w3d_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">10.842.8<span class=\"__6 _342\"></span>72<span class=\"__6 _341\"> </span></div></td></tr></table></div>1 <span class=\"__6 _346\"> </span> Ceci com<span class=\"__6 _342\"></span>prend les pas<span class=\"__6 _342\"></span>sifs d\u2019imp\u00f4t diff\u00e9r\u00e9 (5<span class=\"__6 _336\"></span>,<span class=\"__6 _342\"></span>17 millions EUR d<span class=\"__6 _336\"></span>ans le r<span class=\"__6 _342\"></span>\u00e9sultat globa<span class=\"__6 _342\"></span>l repr\u00e9s<span class=\"__6 _336\"></span>ent<span class=\"__6 _336\"></span>ant u<span class=\"__6 _336\"></span>n mont<span class=\"__6 _342\"></span>ant to<span class=\"__6 _336\"></span>tal de 71,54 milli<span class=\"__6 _336\"></span>ons EUR d<span class=\"__6 _336\"></span>ans le<span class=\"__6 _342\"></span>s passifs) pour les diff\u00e9r<span class=\"__6 _342\"></span>ences tem<span class=\"__6 _336\"></span>porair<span class=\"__6 _342\"></span>es imposables c<span class=\"__6 _336\"></span>ompta<span class=\"__6 _342\"></span>bilis\u00e9es par certain<span class=\"__6 _336\"></span>es filiale<span class=\"__6 _342\"></span>s d\u2019investissem<span class=\"__6 _342\"></span>ent entr<span class=\"__6 _342\"></span>e la valeur com<span class=\"__6 _342\"></span>ptable et la ba<span class=\"__6 _342\"></span>se fiscale d\u2019inv<span class=\"__6 _336\"></span>estis<span class=\"__6 _342\"></span>sements du portef<span class=\"__6 _342\"></span>euille ayan<span class=\"__6 _342\"></span>t un impact sur leu<span class=\"__6 _336\"></span>r just<span class=\"__6 _342\"></span>e valeur com<span class=\"__6 _342\"></span>ptabilis\u00e9e d<span class=\"__6 _342\"></span>ans le portefe<span class=\"__6 _342\"></span>uille d\u2019investissem<span class=\"__6 _336\"></span>ent de So<span class=\"__6 _336\"></span>fina SA (voir po<span class=\"__6 _336\"></span>int 3<span class=\"__6 _342\"></span>.<span class=\"__6 _336\"></span>15). En outr<span class=\"__6 _342\"></span>e, il exist<span class=\"__6 _342\"></span>e des b\u00e9n\u00e9fices ac<span class=\"__6 _336\"></span>cumul\u00e9s a<span class=\"__6 _342\"></span>u sein de Sofina F<span class=\"__6 _342\"></span>onds Priv<span class=\"__6 _336\"></span>\u00e9s qui pourr<span class=\"__6 _342\"></span>aient devenir im<span class=\"__6 _342\"></span>posables \u00e0 un taux de 2<span class=\"__6 _342\"></span>5% dans le sc\u00e9n<span class=\"__6 _342\"></span>ario th\u00e9orique o\u00f9 les filia<span class=\"__6 _342\"></span>les d\u2019investis<span class=\"__6 _342\"></span>sement d\u00e9ten<span class=\"__6 _342\"></span>ant ce portef<span class=\"__6 _342\"></span>euille seraien<span class=\"__6 _336\"></span>t liquid\u00e9es e<span class=\"__6 _342\"></span>t o\u00f9 ces b\u00e9n\u00e9fices s<span class=\"__6 _336\"></span>eraien<span class=\"__6 _342\"></span>t distribu\u00e9s ju<span class=\"__6 _342\"></span>sque leur soci\u00e9t\u00e9 m<span class=\"__6 _342\"></span>\u00e8re Sofina SA, ce qui ne se m<span class=\"__6 _336\"></span>at\u00e9ri<span class=\"__6 _342\"></span>alisera t<span class=\"__6 _336\"></span>outef<span class=\"__6 _342\"></span>ois pas da<span class=\"__6 _336\"></span>ns le con<span class=\"__6 _342\"></span>texte a<span class=\"__6 _336\"></span>ctuel de con<span class=\"__6 _342\"></span>tinuit\u00e9 d\u2019<span class=\"__6 _342\"></span>explo<span class=\"__6 _336\"></span>itati<span class=\"__6 _336\"></span>on. En f<span class=\"__6 _336\"></span>onction des s<span class=\"__6 _336\"></span>c\u00e9nario<span class=\"__6 _342\"></span>s th\u00e9oriques envisag\u00e9s (c<span class=\"__6 _342\"></span>omme une vent<span class=\"__6 _342\"></span>e ou une liquidati<span class=\"__6 _342\"></span>on de Sofina Fond<span class=\"__6 _336\"></span>s Priv<span class=\"__6 _336\"></span>\u00e9s), 0 \u00e0 61% de la Net A<span class=\"__6 _336\"></span>sset V<span class=\"__6 _342\"></span>al<span class=\"__6 _342\"></span>ue des filiales d\u2019inves<span class=\"__6 _336\"></span>tissemen<span class=\"__6 _342\"></span>t d\u00e9tenan<span class=\"__6 _342\"></span>t Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9s po<span class=\"__6 _336\"></span>urraien<span class=\"__6 _342\"></span>t \u00eatre impo<span class=\"__6 _342\"></span>sables \u00e0 25%. Ce<span class=\"__6 _342\"></span>t imp\u00f4t hypoth<span class=\"__6 _336\"></span>\u00e9tique n<span class=\"__6 _336\"></span>\u2019<span class=\"__6 _342\"></span>a toutef<span class=\"__6 _342\"></span>ois pas \u00e9t<span class=\"__6 _342\"></span>\u00e9 comptab<span class=\"__6 _336\"></span>ilis\u00e9 car s<span class=\"__6 _336\"></span>es \u00e9v<span class=\"__6 _342\"></span>\u00e9nements d\u00e9clenc<span class=\"__6 _336\"></span>heurs s<span class=\"__6 _342\"></span>ont sous le con<span class=\"__6 _342\"></span>tr\u00f4le de Sofina SA et n<span class=\"__6 _342\"></span>e sont pas pr<span class=\"__6 _342\"></span>obables. P<span class=\"__6 _342\"></span>ar ailleurs<span class=\"__6 _336\"></span>, les filiales d\u2019inv<span class=\"__6 _342\"></span>estissemen<span class=\"__6 _342\"></span>t de Sofina SA ne comp<span class=\"__6 _342\"></span>tabilisen<span class=\"__6 _342\"></span>t pas d\u2019<span class=\"__6 _342\"></span>actifs d\u2019imp\u00f4t diff\u00e9r<span class=\"__6 _342\"></span>\u00e9 pour les pertes fisc<span class=\"__6 _336\"></span>ales r<span class=\"__6 _342\"></span>eport\u00e9es, car leu<span class=\"__6 _342\"></span>r r\u00e9cup\u00e9ra<span class=\"__6 _342\"></span>tion n\u2019<span class=\"__6 _342\"></span>est pa<span class=\"__6 _342\"></span>s consid\u00e9r\u00e9e c<span class=\"__6 _342\"></span>omme probable. I<span class=\"__6 _336\"></span>ci aussi, \u00e9<span class=\"__6 _342\"></span>tant donn\u00e9 qu\u2019<span class=\"__6 _342\"></span>aucun ac<span class=\"__6 _336\"></span>tif d\u2019imp\u00f4t diff<span class=\"__6 _336\"></span>\u00e9r\u00e9 n<span class=\"__6 _336\"></span>\u2019<span class=\"__6 _342\"></span>est c<span class=\"__6 _336\"></span>ompta<span class=\"__6 _342\"></span>bilis\u00e9 par les filiale<span class=\"__6 _342\"></span>s d\u2019investiss<span class=\"__6 _336\"></span>ement \u00e0 c<span class=\"__6 _336\"></span>et \u00e9gar<span class=\"__6 _342\"></span>d, leur just<span class=\"__6 _336\"></span>e valeu<span class=\"__6 _336\"></span>r n\u2019<span class=\"__6 _335\"></span>en est pas aff<span class=\"__6 _342\"></span>ect\u00e9e.<span class=\"__6 _341\"> </span><div class=\"gs3d\"><table class=\"s_1 w3e_1 h1e_6\" id=\"_f1cc13e8-37d5-410f-ae04-f5c45d6dffec\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x11d_1 hb_6 y3d2_2 ff4_6 fs5_6 fc0_6 sc0_6 ls2_6 ws29_6\">EN MILLIER<span class=\"__6 _342\"></span>S E<span class=\"__6 _343\"></span>UR<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"c_1 n_1 xe7_4 y39b_2 wa7_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">BILAN (3<span class=\"__6 _342\"></span>1/12/2<span class=\"__6 _342\"></span>02<span class=\"__6 _336\"></span>4)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x194 y39b_2 w20_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">SOFINA DIRECT<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 x11f_1 hc_6 y3d3_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">SOFIN<span class=\"__6 _336\"></span>A FONDS </td><td class=\"t_6 m0_6 x17a hc_6 y3cc_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1a_6 ws2d_6\">TOT<span class=\"__6 _342\"></span>A<span class=\"__6 _343\"></span>L<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x17b hc_6 y3d3_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9L\u00c9MENTS<span class=\"__6 _343\"></span> DE </td><td class=\"t_6 m0_6 x17c hc_6 y3cc_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9T<span class=\"__6 _342\"></span>A<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>S FINAN<span class=\"__6 _343\"></span>CIERS<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x123_1 hc_6 y3d4_2 ff4_6 fs6_6 fc2_6 sc0_6 ls19_6 ws2c_6\">PR<span class=\"__6 _343\"></span>I<span class=\"__6 _343\"></span>V\u00c9S<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 x17d hc_6 y3d4_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">R\u00c9CONCIL<span class=\"__6 _336\"></span>IA<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>ION<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y39f_2 w21_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">P<span class=\"__6 _342\"></span>ortefe<span class=\"__6 _336\"></span>uille d'inves<span class=\"__6 _342\"></span>tissement<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x195 y39f_2 wa8_1 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5.33<span class=\"__6 _342\"></span>1.222\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x196 y39f_2 wa9_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls29_6 ws3f_4\">4.723.036<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x197 y39f_2 waa_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10.054.2<span class=\"__6 _342\"></span>58<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x198 y39f_2 wab_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-213.822<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x199 y39f_2 wac_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">9.840<span class=\"__6 _342\"></span>.436<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a1_2 w7_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x19a y3a3_2 wad_1 h22_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a2_2 ff8_4 fs7_6 fc1_6 sc0_6 ls29_6 ws3f_4\">3.06<span class=\"__6 _343\"></span>9.332<span class=\"__6 _343\"></span><span class=\"__6 gs3f\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a4_2 w9_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x19b y3a5_2 wae_1 h22_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a2_2 ff8_4 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.26<span class=\"__6 _342\"></span>1.890\ue064<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3a6_2 w29_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>r\u00e9sor<span class=\"__6 _342\"></span>erie nette<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x19c y3a6_2 waf_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">333.<span class=\"__6 _342\"></span>959<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x19d y3a6_2 wb0_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-146.<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>27<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x19e y3a6_2 wb1_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2e_6 ws44_4\">187<span class=\"__6 _342\"></span>.<span class=\"__6 _343\"></span>23<span class=\"__6 _343\"></span>2<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a7_2 w2d_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>r\u00e9sor<span class=\"__6 _336\"></span>erie brute<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x19f y3a7_2 wb2_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2f_6 ws45_4\">1.<span class=\"__6 _343\"></span>031.033<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1a0 y3a7_2 wb3_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-146.<span class=\"__6 _342\"></span>72<span class=\"__6 _342\"></span>7<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1a1 y3a7_2 wb4_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">884.306<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a8_2 w31_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Dette<span class=\"__6 _342\"></span>s financi\u00e8res<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1a2 y3a8_2 wb5_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1d_6 ws31_6\">-<span class=\"__6 _a_5\"></span>6<span class=\"__6 _2f_4\"></span>9<span class=\"__6 _2f_4\"></span>7.<span class=\"__6 _2f_4\"></span>0<span class=\"__6 _343\"></span>74<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1a3 y3a8_2 w4_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1a4 y3a8_2 wb6_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1d_6 ws31_6\">-<span class=\"__6 _a_5\"></span>6<span class=\"__6 _a_5\"></span>9<span class=\"__6 _343\"></span>7.<span class=\"__6 _2f_4\"></span>0<span class=\"__6 _343\"></span>7<span class=\"__6 _343\"></span>4<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3a9_2 w33_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Immobilisa<span class=\"__6 _342\"></span>tions (in)corpor<span class=\"__6 _342\"></span>elles<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1a5 y3a9_2 wb7_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _336\"></span>602<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1a6 y3a9_2 wb8_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-2.<span class=\"__6 _342\"></span>196<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1a7 y3a9_2 wb9_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">8.406<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y3aa_2 w37_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Autr<span class=\"__6 _342\"></span>es \u00e9l\u00e9ments de l'<span class=\"__6 _342\"></span>actif et d<span class=\"__6 _342\"></span>u passif</div><div class=\"t_6 m0_6 x116_2 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1a8 y3aa_2 wba_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">-93.781<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1a9 y3aa_2 wbb_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">362.<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>45<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1aa y3aa_2 wbc_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">268.<span class=\"__6 _342\"></span>964<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w3b_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls21_6 ws36_4\">N<span class=\"__6 _2f_4\"></span>AV<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1ab y398_2 wbd_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls20_6 ws35_4\">10.<span class=\"__6 _343\"></span>305<span class=\"__6 _343\"></span>.038<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1ac y398_2 wa5_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1ad y398_2 wbd_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls20_6 ws35_4\">10.<span class=\"__6 _343\"></span>305<span class=\"__6 _343\"></span>.038<span class=\"__6 _341\"> </span></div></td></tr></table></div>1 <span class=\"__6 _346\"> </span> Ceci com<span class=\"__6 _342\"></span>prend les pas<span class=\"__6 _342\"></span>sifs d\u2019imp\u00f4t diff\u00e9r\u00e9 (2<span class=\"__6 _342\"></span>9,30 milli<span class=\"__6 _342\"></span>ons EUR dan<span class=\"__6 _342\"></span>s le r\u00e9sultat glob<span class=\"__6 _336\"></span>al r<span class=\"__6 _336\"></span>epr\u00e9<span class=\"__6 _336\"></span>sent<span class=\"__6 _342\"></span>ant un mon<span class=\"__6 _336\"></span>tan<span class=\"__6 _342\"></span>t total de 66<span class=\"__6 _342\"></span>,37 milli<span class=\"__6 _342\"></span>ons EUR dan<span class=\"__6 _336\"></span>s les pas<span class=\"__6 _342\"></span>sifs) pour les diff\u00e9renc<span class=\"__6 _342\"></span>es temporair<span class=\"__6 _342\"></span>es imposables c<span class=\"__6 _342\"></span>omptabili<span class=\"__6 _336\"></span>s\u00e9es par c<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>taines filia<span class=\"__6 _342\"></span>les         d\u2019inves<span class=\"__6 _336\"></span>tissemen<span class=\"__6 _342\"></span>t entre l<span class=\"__6 _342\"></span>a valeur comp<span class=\"__6 _342\"></span>table et la bas<span class=\"__6 _342\"></span>e fiscale d\u2019inves<span class=\"__6 _342\"></span>tissement<span class=\"__6 _336\"></span>s du portef<span class=\"__6 _336\"></span>euille ay<span class=\"__6 _342\"></span>ant un impac<span class=\"__6 _336\"></span>t sur leur ju<span class=\"__6 _342\"></span>ste valeu<span class=\"__6 _336\"></span>r compt<span class=\"__6 _342\"></span>abilis\u00e9e dan<span class=\"__6 _342\"></span>s le portefeuille d\u2019inv<span class=\"__6 _336\"></span>estis<span class=\"__6 _342\"></span>sement de Sofina SA (v<span class=\"__6 _342\"></span>oir point 3.<span class=\"__6 _335\"></span>15). En outre<span class=\"__6 _336\"></span>, il exist<span class=\"__6 _342\"></span>e des         b\u00e9n\u00e9fice<span class=\"__6 _336\"></span>s accum<span class=\"__6 _336\"></span>ul\u00e9s au sein de Sofin<span class=\"__6 _342\"></span>a Fonds P<span class=\"__6 _342\"></span>riv\u00e9s qui pourrai<span class=\"__6 _342\"></span>ent devenir impo<span class=\"__6 _342\"></span>sables \u00e0 un taux de 2<span class=\"__6 _342\"></span>5% dans le sc\u00e9na<span class=\"__6 _342\"></span>rio th\u00e9orique o\u00f9 les filiale<span class=\"__6 _342\"></span>s d\u2019investiss<span class=\"__6 _336\"></span>ement d\u00e9<span class=\"__6 _342\"></span>tenant c<span class=\"__6 _336\"></span>e portefe<span class=\"__6 _342\"></span>uille seraient liqui<span class=\"__6 _342\"></span>d\u00e9es et o\u00f9 ces b\u00e9n\u00e9fi<span class=\"__6 _336\"></span>ces ser<span class=\"__6 _342\"></span>aient         distribu\u00e9<span class=\"__6 _342\"></span>s jusque Sofina SA, ce q<span class=\"__6 _336\"></span>ui ne se ma<span class=\"__6 _336\"></span>t\u00e9ria<span class=\"__6 _342\"></span>lisera tout<span class=\"__6 _342\"></span>efois pa<span class=\"__6 _342\"></span>s dans le con<span class=\"__6 _342\"></span>texte act<span class=\"__6 _342\"></span>uel de continuit<span class=\"__6 _336\"></span>\u00e9 d\u2019<span class=\"__6 _342\"></span>exploit<span class=\"__6 _336\"></span>ation. E<span class=\"__6 _342\"></span>n fonction des sc<span class=\"__6 _336\"></span>\u00e9nario<span class=\"__6 _336\"></span>s th\u00e9oriques envi<span class=\"__6 _342\"></span>sag\u00e9s (comme une ven<span class=\"__6 _342\"></span>te ou une liquid<span class=\"__6 _342\"></span>ation de Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9<span class=\"__6 _342\"></span>s), 0 \u00e0 59%         de la Net As<span class=\"__6 _336\"></span>set V<span class=\"__6 _342\"></span>alue de<span class=\"__6 _342\"></span>s filiales d\u2019inves<span class=\"__6 _336\"></span>tissemen<span class=\"__6 _342\"></span>t d\u00e9tenan<span class=\"__6 _342\"></span>t Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9s po<span class=\"__6 _342\"></span>urraient \u00eatr<span class=\"__6 _342\"></span>e imposables \u00e0 2<span class=\"__6 _342\"></span>5%. Cet imp\u00f4<span class=\"__6 _336\"></span>t hypoth<span class=\"__6 _342\"></span>\u00e9tique n\u2019<span class=\"__6 _342\"></span>a toute<span class=\"__6 _336\"></span>foi<span class=\"__6 _336\"></span>s pas \u00e9t<span class=\"__6 _342\"></span>\u00e9 comptab<span class=\"__6 _336\"></span>ilis\u00e9 car s<span class=\"__6 _342\"></span>es \u00e9v\u00e9nemen<span class=\"__6 _342\"></span>ts d\u00e9clencheur<span class=\"__6 _336\"></span>s sont s<span class=\"__6 _336\"></span>ous le con<span class=\"__6 _342\"></span>tr\u00f4le de Sofina         SA et ne son<span class=\"__6 _342\"></span>t pas proba<span class=\"__6 _336\"></span>bles. P<span class=\"__6 _342\"></span>ar ailleur<span class=\"__6 _336\"></span>s, les filia<span class=\"__6 _342\"></span>les d\u2019investis<span class=\"__6 _336\"></span>semen<span class=\"__6 _336\"></span>t de Sofina SA ne com<span class=\"__6 _342\"></span>ptabilisen<span class=\"__6 _342\"></span>t pas d\u2019<span class=\"__6 _342\"></span>actifs d\u2019imp\u00f4t diff<span class=\"__6 _336\"></span>\u00e9r\u00e9 pou<span class=\"__6 _336\"></span>r les pertes fi<span class=\"__6 _336\"></span>scale<span class=\"__6 _336\"></span>s report\u00e9e<span class=\"__6 _342\"></span>s, car leur r<span class=\"__6 _336\"></span>\u00e9cup\u00e9ra<span class=\"__6 _342\"></span>tion n\u2019<span class=\"__6 _342\"></span>est pa<span class=\"__6 _342\"></span>s consid\u00e9r<span class=\"__6 _336\"></span>\u00e9e comme pr<span class=\"__6 _336\"></span>obable. I<span class=\"__6 _336\"></span>ci aussi, \u00e9<span class=\"__6 _342\"></span>tant         donn\u00e9 qu\u2019<span class=\"__6 _342\"></span>aucun actif d\u2019im<span class=\"__6 _336\"></span>p\u00f4t diff\u00e9r<span class=\"__6 _342\"></span>\u00e9 n\u2019<span class=\"__6 _342\"></span>est com<span class=\"__6 _336\"></span>pta<span class=\"__6 _336\"></span>bilis\u00e9 pa<span class=\"__6 _336\"></span>r les filiale<span class=\"__6 _342\"></span>s d\u2019investiss<span class=\"__6 _336\"></span>ement \u00e0 c<span class=\"__6 _336\"></span>et \u00e9gar<span class=\"__6 _342\"></span>d, leur juste v<span class=\"__6 _342\"></span>aleur n\u2019<span class=\"__6 _335\"></span>en est pas a<span class=\"__6 _336\"></span>ffect\u00e9<span class=\"__6 _336\"></span>e.<span class=\"__6 _341\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-259": {
   "value": "<table class=\"s_1 w1e_1 h1e_6\" id=\"_3dcd552d-1d77-4882-990d-6486265f295a\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x101_3 hb_6 y399_2 ff4_6 fs5_6 fc0_6 sc0_6 ls2_6 ws29_6\">EN MILLIER<span class=\"__6 _342\"></span>S E<span class=\"__6 _343\"></span>UR<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"c_1 n_1 xe7_4 y39b_2 w1f_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">BILAN (3<span class=\"__6 _342\"></span>1/12/2<span class=\"__6 _342\"></span>025)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x102_3 y39b_2 w20_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">SOFINA DIRECT<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 xe0_4 hc_6 y39c_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">SOFIN<span class=\"__6 _336\"></span>A FONDS </td><td class=\"t_6 m0_6 xe1_4 hc_6 y39d_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1a_6 ws2d_6\">TOT<span class=\"__6 _342\"></span>A<span class=\"__6 _343\"></span>L<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 xe2_4 hc_6 y39c_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9L\u00c9MENTS<span class=\"__6 _343\"></span> DE </td><td class=\"t_6 m0_6 xe3_4 hc_6 y39d_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9T<span class=\"__6 _342\"></span>A<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>S FINAN<span class=\"__6 _343\"></span>CIERS<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 xe4_4 hc_6 y39e_2 ff4_6 fs6_6 fc2_6 sc0_6 ls19_6 ws2c_6\">PR<span class=\"__6 _343\"></span>I<span class=\"__6 _343\"></span>V\u00c9S<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 xe5_4 hc_6 y39e_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">R\u00c9CONCIL<span class=\"__6 _336\"></span>IA<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>ION<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y39f_2 w21_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">P<span class=\"__6 _342\"></span>ortefe<span class=\"__6 _336\"></span>uille d'inves<span class=\"__6 _342\"></span>tissement<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x103_3 y39f_2 w22_1 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1f_6 ws34_5\">5.<span class=\"__6 _343\"></span>61<span class=\"__6 _343\"></span>6.<span class=\"__6 _343\"></span>028\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x104_3 y39f_2 w23_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4.89<span class=\"__6 _342\"></span>3.32<span class=\"__6 _342\"></span>9<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x105_3 y39f_2 w24_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _336\"></span>509<span class=\"__6 _342\"></span>.358<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x106_3 y39f_2 w25_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-399<span class=\"__6 _342\"></span>.377<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x107_2 y39f_2 w26_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _335\"></span>109.<span class=\"__6 _342\"></span>981<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a1_2 w7_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x108_2 y3a3_2 w27_1 h22_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a2_2 ff8_4 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.95<span class=\"__6 _342\"></span>3.849<span class=\"__6 _336\"></span><span class=\"__6 gs3f\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a4_2 w9_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x109_2 y3a5_2 w28_1 h22_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a2_2 ff8_4 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.662.<span class=\"__6 _335\"></span>179\ue064<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3a6_2 w29_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>r\u00e9sor<span class=\"__6 _342\"></span>erie nette<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x10a_2 y3a6_2 w2a_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">42<span class=\"__6 _336\"></span>9<span class=\"__6 _336\"></span>.62<span class=\"__6 _342\"></span>7<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x10b_2 y3a6_2 w2b_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-119<span class=\"__6 _342\"></span>.0<span class=\"__6 _342\"></span>16<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x10c_2 y3a6_2 w2c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">310<span class=\"__6 _342\"></span>.611<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a7_2 w2d_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>r\u00e9sor<span class=\"__6 _336\"></span>erie brute<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x10d_2 y3a7_2 w2e_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.<span class=\"__6 _342\"></span>72<span class=\"__6 _342\"></span>3.<span class=\"__6 _342\"></span>065<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x10e_2 y3a7_2 w2f_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-119.<span class=\"__6 _342\"></span>016<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x10f_2 y3a7_2 w30_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.604.<span class=\"__6 _342\"></span>049<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a8_2 w31_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Dette<span class=\"__6 _342\"></span>s financi\u00e8res<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x110_2 y3a8_2 w32_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-1.2<span class=\"__6 _336\"></span>93<span class=\"__6 _342\"></span>.438<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x111_2 y3a8_2 wa_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x112_2 y3a8_2 w32_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-1.2<span class=\"__6 _336\"></span>93<span class=\"__6 _342\"></span>.438<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3a9_2 w33_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Immobilisa<span class=\"__6 _342\"></span>tions (in)corpor<span class=\"__6 _342\"></span>elles<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x113_2 y3a9_2 w34_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">9<span class=\"__6 _342\"></span>.660<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x114_2 y3a9_2 w35_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-1.906<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x115_2 y3a9_2 w36_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">7<span class=\"__6 _335\"></span>.<span class=\"__6 _336\"></span>754<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y3aa_2 w37_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Autr<span class=\"__6 _342\"></span>es \u00e9l\u00e9ments de l'<span class=\"__6 _342\"></span>actif et d<span class=\"__6 _342\"></span>u passif</div><div class=\"t_6 m0_6 x116_2 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x117_2 y3aa_2 w38_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-105.<span class=\"__6 _342\"></span>772<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x118_2 y3aa_2 w39_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">520.298<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x119_2 y3aa_2 w3a_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">414.<span class=\"__6 _336\"></span>52<span class=\"__6 _342\"></span>6<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w3b_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls21_6 ws36_4\">N<span class=\"__6 _2f_4\"></span>AV<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x11a_2 y398_2 w3c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">10.842.8<span class=\"__6 _342\"></span>72<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x11b_2 y398_2 w1d_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x11c_2 y398_2 w3d_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">10.842.8<span class=\"__6 _342\"></span>72<span class=\"__6 _341\"> </span></div></td></tr></table>1 <span class=\"__6 _346\"> </span> Ceci com<span class=\"__6 _342\"></span>prend les pas<span class=\"__6 _342\"></span>sifs d\u2019imp\u00f4t diff\u00e9r\u00e9 (5<span class=\"__6 _336\"></span>,<span class=\"__6 _342\"></span>17 millions EUR d<span class=\"__6 _336\"></span>ans le r<span class=\"__6 _342\"></span>\u00e9sultat globa<span class=\"__6 _342\"></span>l repr\u00e9s<span class=\"__6 _336\"></span>ent<span class=\"__6 _336\"></span>ant u<span class=\"__6 _336\"></span>n mont<span class=\"__6 _342\"></span>ant to<span class=\"__6 _336\"></span>tal de 71,54 milli<span class=\"__6 _336\"></span>ons EUR d<span class=\"__6 _336\"></span>ans le<span class=\"__6 _342\"></span>s passifs) pour les diff\u00e9r<span class=\"__6 _342\"></span>ences tem<span class=\"__6 _336\"></span>porair<span class=\"__6 _342\"></span>es imposables c<span class=\"__6 _336\"></span>ompta<span class=\"__6 _342\"></span>bilis\u00e9es par certain<span class=\"__6 _336\"></span>es filiale<span class=\"__6 _342\"></span>s d\u2019investissem<span class=\"__6 _342\"></span>ent entr<span class=\"__6 _342\"></span>e la valeur com<span class=\"__6 _342\"></span>ptable et la ba<span class=\"__6 _342\"></span>se fiscale d\u2019inv<span class=\"__6 _336\"></span>estis<span class=\"__6 _342\"></span>sements du portef<span class=\"__6 _342\"></span>euille ayan<span class=\"__6 _342\"></span>t un impact sur leu<span class=\"__6 _336\"></span>r just<span class=\"__6 _342\"></span>e valeur com<span class=\"__6 _342\"></span>ptabilis\u00e9e d<span class=\"__6 _342\"></span>ans le portefe<span class=\"__6 _342\"></span>uille d\u2019investissem<span class=\"__6 _336\"></span>ent de So<span class=\"__6 _336\"></span>fina SA (voir po<span class=\"__6 _336\"></span>int 3<span class=\"__6 _342\"></span>.<span class=\"__6 _336\"></span>15). En outr<span class=\"__6 _342\"></span>e, il exist<span class=\"__6 _342\"></span>e des b\u00e9n\u00e9fices ac<span class=\"__6 _336\"></span>cumul\u00e9s a<span class=\"__6 _342\"></span>u sein de Sofina F<span class=\"__6 _342\"></span>onds Priv<span class=\"__6 _336\"></span>\u00e9s qui pourr<span class=\"__6 _342\"></span>aient devenir im<span class=\"__6 _342\"></span>posables \u00e0 un taux de 2<span class=\"__6 _342\"></span>5% dans le sc\u00e9n<span class=\"__6 _342\"></span>ario th\u00e9orique o\u00f9 les filia<span class=\"__6 _342\"></span>les d\u2019investis<span class=\"__6 _342\"></span>sement d\u00e9ten<span class=\"__6 _342\"></span>ant ce portef<span class=\"__6 _342\"></span>euille seraien<span class=\"__6 _336\"></span>t liquid\u00e9es e<span class=\"__6 _342\"></span>t o\u00f9 ces b\u00e9n\u00e9fices s<span class=\"__6 _336\"></span>eraien<span class=\"__6 _342\"></span>t distribu\u00e9s ju<span class=\"__6 _342\"></span>sque leur soci\u00e9t\u00e9 m<span class=\"__6 _342\"></span>\u00e8re Sofina SA, ce qui ne se m<span class=\"__6 _336\"></span>at\u00e9ri<span class=\"__6 _342\"></span>alisera t<span class=\"__6 _336\"></span>outef<span class=\"__6 _342\"></span>ois pas da<span class=\"__6 _336\"></span>ns le con<span class=\"__6 _342\"></span>texte a<span class=\"__6 _336\"></span>ctuel de con<span class=\"__6 _342\"></span>tinuit\u00e9 d\u2019<span class=\"__6 _342\"></span>explo<span class=\"__6 _336\"></span>itati<span class=\"__6 _336\"></span>on. En f<span class=\"__6 _336\"></span>onction des s<span class=\"__6 _336\"></span>c\u00e9nario<span class=\"__6 _342\"></span>s th\u00e9oriques envisag\u00e9s (c<span class=\"__6 _342\"></span>omme une vent<span class=\"__6 _342\"></span>e ou une liquidati<span class=\"__6 _342\"></span>on de Sofina Fond<span class=\"__6 _336\"></span>s Priv<span class=\"__6 _336\"></span>\u00e9s), 0 \u00e0 61% de la Net A<span class=\"__6 _336\"></span>sset V<span class=\"__6 _342\"></span>al<span class=\"__6 _342\"></span>ue des filiales d\u2019inves<span class=\"__6 _336\"></span>tissemen<span class=\"__6 _342\"></span>t d\u00e9tenan<span class=\"__6 _342\"></span>t Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9s po<span class=\"__6 _336\"></span>urraien<span class=\"__6 _342\"></span>t \u00eatre impo<span class=\"__6 _342\"></span>sables \u00e0 25%. Ce<span class=\"__6 _342\"></span>t imp\u00f4t hypoth<span class=\"__6 _336\"></span>\u00e9tique n<span class=\"__6 _336\"></span>\u2019<span class=\"__6 _342\"></span>a toutef<span class=\"__6 _342\"></span>ois pas \u00e9t<span class=\"__6 _342\"></span>\u00e9 comptab<span class=\"__6 _336\"></span>ilis\u00e9 car s<span class=\"__6 _336\"></span>es \u00e9v<span class=\"__6 _342\"></span>\u00e9nements d\u00e9clenc<span class=\"__6 _336\"></span>heurs s<span class=\"__6 _342\"></span>ont sous le con<span class=\"__6 _342\"></span>tr\u00f4le de Sofina SA et n<span class=\"__6 _342\"></span>e sont pas pr<span class=\"__6 _342\"></span>obables. P<span class=\"__6 _342\"></span>ar ailleurs<span class=\"__6 _336\"></span>, les filiales d\u2019inv<span class=\"__6 _342\"></span>estissemen<span class=\"__6 _342\"></span>t de Sofina SA ne comp<span class=\"__6 _342\"></span>tabilisen<span class=\"__6 _342\"></span>t pas d\u2019<span class=\"__6 _342\"></span>actifs d\u2019imp\u00f4t diff\u00e9r<span class=\"__6 _342\"></span>\u00e9 pour les pertes fisc<span class=\"__6 _336\"></span>ales r<span class=\"__6 _342\"></span>eport\u00e9es, car leu<span class=\"__6 _342\"></span>r r\u00e9cup\u00e9ra<span class=\"__6 _342\"></span>tion n\u2019<span class=\"__6 _342\"></span>est pa<span class=\"__6 _342\"></span>s consid\u00e9r\u00e9e c<span class=\"__6 _342\"></span>omme probable. I<span class=\"__6 _336\"></span>ci aussi, \u00e9<span class=\"__6 _342\"></span>tant donn\u00e9 qu\u2019<span class=\"__6 _342\"></span>aucun ac<span class=\"__6 _336\"></span>tif d\u2019imp\u00f4t diff<span class=\"__6 _336\"></span>\u00e9r\u00e9 n<span class=\"__6 _336\"></span>\u2019<span class=\"__6 _342\"></span>est c<span class=\"__6 _336\"></span>ompta<span class=\"__6 _342\"></span>bilis\u00e9 par les filiale<span class=\"__6 _342\"></span>s d\u2019investiss<span class=\"__6 _336\"></span>ement \u00e0 c<span class=\"__6 _336\"></span>et \u00e9gar<span class=\"__6 _342\"></span>d, leur just<span class=\"__6 _336\"></span>e valeu<span class=\"__6 _336\"></span>r n\u2019<span class=\"__6 _335\"></span>en est pas aff<span class=\"__6 _342\"></span>ect\u00e9e.<span class=\"__6 _341\"> </span><table class=\"s_1 w3e_1 h1e_6\" id=\"_f1cc13e8-37d5-410f-ae04-f5c45d6dffec\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x11d_1 hb_6 y3d2_2 ff4_6 fs5_6 fc0_6 sc0_6 ls2_6 ws29_6\">EN MILLIER<span class=\"__6 _342\"></span>S E<span class=\"__6 _343\"></span>UR<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"c_1 n_1 xe7_4 y39b_2 wa7_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">BILAN (3<span class=\"__6 _342\"></span>1/12/2<span class=\"__6 _342\"></span>02<span class=\"__6 _336\"></span>4)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x194 y39b_2 w20_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">SOFINA DIRECT<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 x11f_1 hc_6 y3d3_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">SOFIN<span class=\"__6 _336\"></span>A FONDS </td><td class=\"t_6 m0_6 x17a hc_6 y3cc_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1a_6 ws2d_6\">TOT<span class=\"__6 _342\"></span>A<span class=\"__6 _343\"></span>L<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x17b hc_6 y3d3_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9L\u00c9MENTS<span class=\"__6 _343\"></span> DE </td><td class=\"t_6 m0_6 x17c hc_6 y3cc_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">\u00c9T<span class=\"__6 _342\"></span>A<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>S FINAN<span class=\"__6 _343\"></span>CIERS<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x123_1 hc_6 y3d4_2 ff4_6 fs6_6 fc2_6 sc0_6 ls19_6 ws2c_6\">PR<span class=\"__6 _343\"></span>I<span class=\"__6 _343\"></span>V\u00c9S<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 x17d hc_6 y3d4_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">R\u00c9CONCIL<span class=\"__6 _336\"></span>IA<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>ION<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y39f_2 w21_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">P<span class=\"__6 _342\"></span>ortefe<span class=\"__6 _336\"></span>uille d'inves<span class=\"__6 _342\"></span>tissement<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x195 y39f_2 wa8_1 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5.33<span class=\"__6 _342\"></span>1.222\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x196 y39f_2 wa9_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls29_6 ws3f_4\">4.723.036<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x197 y39f_2 waa_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10.054.2<span class=\"__6 _342\"></span>58<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x198 y39f_2 wab_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-213.822<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x199 y39f_2 wac_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">9.840<span class=\"__6 _342\"></span>.436<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a1_2 w7_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x19a y3a3_2 wad_1 h22_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a2_2 ff8_4 fs7_6 fc1_6 sc0_6 ls29_6 ws3f_4\">3.06<span class=\"__6 _343\"></span>9.332<span class=\"__6 _343\"></span><span class=\"__6 gs3f\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a4_2 w9_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x19b y3a5_2 wae_1 h22_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a2_2 ff8_4 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.26<span class=\"__6 _342\"></span>1.890\ue064<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3a6_2 w29_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>r\u00e9sor<span class=\"__6 _342\"></span>erie nette<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x19c y3a6_2 waf_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">333.<span class=\"__6 _342\"></span>959<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x19d y3a6_2 wb0_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-146.<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>27<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x19e y3a6_2 wb1_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2e_6 ws44_4\">187<span class=\"__6 _342\"></span>.<span class=\"__6 _343\"></span>23<span class=\"__6 _343\"></span>2<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a7_2 w2d_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>r\u00e9sor<span class=\"__6 _336\"></span>erie brute<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x19f y3a7_2 wb2_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2f_6 ws45_4\">1.<span class=\"__6 _343\"></span>031.033<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1a0 y3a7_2 wb3_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-146.<span class=\"__6 _342\"></span>72<span class=\"__6 _342\"></span>7<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1a1 y3a7_2 wb4_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">884.306<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y3a8_2 w31_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Dette<span class=\"__6 _342\"></span>s financi\u00e8res<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1a2 y3a8_2 wb5_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1d_6 ws31_6\">-<span class=\"__6 _a_5\"></span>6<span class=\"__6 _2f_4\"></span>9<span class=\"__6 _2f_4\"></span>7.<span class=\"__6 _2f_4\"></span>0<span class=\"__6 _343\"></span>74<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1a3 y3a8_2 w4_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1a4 y3a8_2 wb6_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1d_6 ws31_6\">-<span class=\"__6 _a_5\"></span>6<span class=\"__6 _a_5\"></span>9<span class=\"__6 _343\"></span>7.<span class=\"__6 _2f_4\"></span>0<span class=\"__6 _343\"></span>7<span class=\"__6 _343\"></span>4<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3a9_2 w33_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Immobilisa<span class=\"__6 _342\"></span>tions (in)corpor<span class=\"__6 _342\"></span>elles<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1a5 y3a9_2 wb7_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _336\"></span>602<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1a6 y3a9_2 wb8_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-2.<span class=\"__6 _342\"></span>196<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1a7 y3a9_2 wb9_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">8.406<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y3aa_2 w37_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Autr<span class=\"__6 _342\"></span>es \u00e9l\u00e9ments de l'<span class=\"__6 _342\"></span>actif et d<span class=\"__6 _342\"></span>u passif</div><div class=\"t_6 m0_6 x116_2 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1a8 y3aa_2 wba_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">-93.781<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1a9 y3aa_2 wbb_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">362.<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>45<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1aa y3aa_2 wbc_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">268.<span class=\"__6 _342\"></span>964<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w3b_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls21_6 ws36_4\">N<span class=\"__6 _2f_4\"></span>AV<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1ab y398_2 wbd_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls20_6 ws35_4\">10.<span class=\"__6 _343\"></span>305<span class=\"__6 _343\"></span>.038<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1ac y398_2 wa5_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1ad y398_2 wbd_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls20_6 ws35_4\">10.<span class=\"__6 _343\"></span>305<span class=\"__6 _343\"></span>.038<span class=\"__6 _341\"> </span></div></td></tr></table>1 <span class=\"__6 _346\"> </span> Ceci com<span class=\"__6 _342\"></span>prend les pas<span class=\"__6 _342\"></span>sifs d\u2019imp\u00f4t diff\u00e9r\u00e9 (2<span class=\"__6 _342\"></span>9,30 milli<span class=\"__6 _342\"></span>ons EUR dan<span class=\"__6 _342\"></span>s le r\u00e9sultat glob<span class=\"__6 _336\"></span>al r<span class=\"__6 _336\"></span>epr\u00e9<span class=\"__6 _336\"></span>sent<span class=\"__6 _342\"></span>ant un mon<span class=\"__6 _336\"></span>tan<span class=\"__6 _342\"></span>t total de 66<span class=\"__6 _342\"></span>,37 milli<span class=\"__6 _342\"></span>ons EUR dan<span class=\"__6 _336\"></span>s les pas<span class=\"__6 _342\"></span>sifs) pour les diff\u00e9renc<span class=\"__6 _342\"></span>es temporair<span class=\"__6 _342\"></span>es imposables c<span class=\"__6 _342\"></span>omptabili<span class=\"__6 _336\"></span>s\u00e9es par c<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>taines filia<span class=\"__6 _342\"></span>les         d\u2019inves<span class=\"__6 _336\"></span>tissemen<span class=\"__6 _342\"></span>t entre l<span class=\"__6 _342\"></span>a valeur comp<span class=\"__6 _342\"></span>table et la bas<span class=\"__6 _342\"></span>e fiscale d\u2019inves<span class=\"__6 _342\"></span>tissement<span class=\"__6 _336\"></span>s du portef<span class=\"__6 _336\"></span>euille ay<span class=\"__6 _342\"></span>ant un impac<span class=\"__6 _336\"></span>t sur leur ju<span class=\"__6 _342\"></span>ste valeu<span class=\"__6 _336\"></span>r compt<span class=\"__6 _342\"></span>abilis\u00e9e dan<span class=\"__6 _342\"></span>s le portefeuille d\u2019inv<span class=\"__6 _336\"></span>estis<span class=\"__6 _342\"></span>sement de Sofina SA (v<span class=\"__6 _342\"></span>oir point 3.<span class=\"__6 _335\"></span>15). En outre<span class=\"__6 _336\"></span>, il exist<span class=\"__6 _342\"></span>e des         b\u00e9n\u00e9fice<span class=\"__6 _336\"></span>s accum<span class=\"__6 _336\"></span>ul\u00e9s au sein de Sofin<span class=\"__6 _342\"></span>a Fonds P<span class=\"__6 _342\"></span>riv\u00e9s qui pourrai<span class=\"__6 _342\"></span>ent devenir impo<span class=\"__6 _342\"></span>sables \u00e0 un taux de 2<span class=\"__6 _342\"></span>5% dans le sc\u00e9na<span class=\"__6 _342\"></span>rio th\u00e9orique o\u00f9 les filiale<span class=\"__6 _342\"></span>s d\u2019investiss<span class=\"__6 _336\"></span>ement d\u00e9<span class=\"__6 _342\"></span>tenant c<span class=\"__6 _336\"></span>e portefe<span class=\"__6 _342\"></span>uille seraient liqui<span class=\"__6 _342\"></span>d\u00e9es et o\u00f9 ces b\u00e9n\u00e9fi<span class=\"__6 _336\"></span>ces ser<span class=\"__6 _342\"></span>aient         distribu\u00e9<span class=\"__6 _342\"></span>s jusque Sofina SA, ce q<span class=\"__6 _336\"></span>ui ne se ma<span class=\"__6 _336\"></span>t\u00e9ria<span class=\"__6 _342\"></span>lisera tout<span class=\"__6 _342\"></span>efois pa<span class=\"__6 _342\"></span>s dans le con<span class=\"__6 _342\"></span>texte act<span class=\"__6 _342\"></span>uel de continuit<span class=\"__6 _336\"></span>\u00e9 d\u2019<span class=\"__6 _342\"></span>exploit<span class=\"__6 _336\"></span>ation. E<span class=\"__6 _342\"></span>n fonction des sc<span class=\"__6 _336\"></span>\u00e9nario<span class=\"__6 _336\"></span>s th\u00e9oriques envi<span class=\"__6 _342\"></span>sag\u00e9s (comme une ven<span class=\"__6 _342\"></span>te ou une liquid<span class=\"__6 _342\"></span>ation de Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9<span class=\"__6 _342\"></span>s), 0 \u00e0 59%         de la Net As<span class=\"__6 _336\"></span>set V<span class=\"__6 _342\"></span>alue de<span class=\"__6 _342\"></span>s filiales d\u2019inves<span class=\"__6 _336\"></span>tissemen<span class=\"__6 _342\"></span>t d\u00e9tenan<span class=\"__6 _342\"></span>t Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9s po<span class=\"__6 _342\"></span>urraient \u00eatr<span class=\"__6 _342\"></span>e imposables \u00e0 2<span class=\"__6 _342\"></span>5%. Cet imp\u00f4<span class=\"__6 _336\"></span>t hypoth<span class=\"__6 _342\"></span>\u00e9tique n\u2019<span class=\"__6 _342\"></span>a toute<span class=\"__6 _336\"></span>foi<span class=\"__6 _336\"></span>s pas \u00e9t<span class=\"__6 _342\"></span>\u00e9 comptab<span class=\"__6 _336\"></span>ilis\u00e9 car s<span class=\"__6 _342\"></span>es \u00e9v\u00e9nemen<span class=\"__6 _342\"></span>ts d\u00e9clencheur<span class=\"__6 _336\"></span>s sont s<span class=\"__6 _336\"></span>ous le con<span class=\"__6 _342\"></span>tr\u00f4le de Sofina         SA et ne son<span class=\"__6 _342\"></span>t pas proba<span class=\"__6 _336\"></span>bles. P<span class=\"__6 _342\"></span>ar ailleur<span class=\"__6 _336\"></span>s, les filia<span class=\"__6 _342\"></span>les d\u2019investis<span class=\"__6 _336\"></span>semen<span class=\"__6 _336\"></span>t de Sofina SA ne com<span class=\"__6 _342\"></span>ptabilisen<span class=\"__6 _342\"></span>t pas d\u2019<span class=\"__6 _342\"></span>actifs d\u2019imp\u00f4t diff<span class=\"__6 _336\"></span>\u00e9r\u00e9 pou<span class=\"__6 _336\"></span>r les pertes fi<span class=\"__6 _336\"></span>scale<span class=\"__6 _336\"></span>s report\u00e9e<span class=\"__6 _342\"></span>s, car leur r<span class=\"__6 _336\"></span>\u00e9cup\u00e9ra<span class=\"__6 _342\"></span>tion n\u2019<span class=\"__6 _342\"></span>est pa<span class=\"__6 _342\"></span>s consid\u00e9r<span class=\"__6 _336\"></span>\u00e9e comme pr<span class=\"__6 _336\"></span>obable. I<span class=\"__6 _336\"></span>ci aussi, \u00e9<span class=\"__6 _342\"></span>tant         donn\u00e9 qu\u2019<span class=\"__6 _342\"></span>aucun actif d\u2019im<span class=\"__6 _336\"></span>p\u00f4t diff\u00e9r<span class=\"__6 _342\"></span>\u00e9 n\u2019<span class=\"__6 _342\"></span>est com<span class=\"__6 _336\"></span>pta<span class=\"__6 _336\"></span>bilis\u00e9 pa<span class=\"__6 _336\"></span>r les filiale<span class=\"__6 _342\"></span>s d\u2019investiss<span class=\"__6 _336\"></span>ement \u00e0 c<span class=\"__6 _336\"></span>et \u00e9gar<span class=\"__6 _342\"></span>d, leur juste v<span class=\"__6 _342\"></span>aleur n\u2019<span class=\"__6 _335\"></span>en est pas a<span class=\"__6 _336\"></span>ffect\u00e9<span class=\"__6 _336\"></span>e.<span class=\"__6 _341\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNetAssetValueAttributableToUnitholdersExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-260": {
   "value": "<div class=\"gs3d\"><table class=\"s_1 w3e_1 h23_4\" id=\"_523b778d-6cd2-4bb8-9154-6c3fee091985\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x11d_1 hb_6 y3ab_2 ff4_6 fs5_6 fc0_6 sc0_6 ls2_6 ws29_6\">EN MILLIER<span class=\"__6 _342\"></span>S E<span class=\"__6 _343\"></span>UR<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hc_6 y3ac_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">FL<span class=\"__6 _342\"></span>UX DE TR\u00c9<span class=\"__6 _342\"></span>SOR<span class=\"__6 _342\"></span>ERIE DE GE<span class=\"__6 _342\"></span>STIO<span class=\"__6 _342\"></span>N (202<span class=\"__6 _342\"></span>5)<span class=\"ls2_6\"> </span></td><td class=\"t_6 m0_6 x11e_1 hc_6 y3ad_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">SOFINA DIRECT<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x11f_1 hc_6 y3ac_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">SOFIN<span class=\"__6 _336\"></span>A FONDS </td><td class=\"c_1 n_1 x120_1 y3ae_2 w3f_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">CAS<span class=\"__6 _342\"></span>H BRUT<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x121_1 y3ae_2 w40_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">DET<span class=\"__6 _343\"></span>T<span class=\"__6 _343\"></span>ES FINANCI\u00c8RES<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x122_1 y3ae_2 w41_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">CAS<span class=\"__6 _342\"></span>H NET<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x123_1 hc_6 y3af_2 ff4_6 fs6_6 fc2_6 sc0_6 ls19_6 ws2c_6\">PR<span class=\"__6 _343\"></span>I<span class=\"__6 _343\"></span>V\u00c9S<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3b1_2 w42_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y3b0_2 ff4_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>r\u00e9sor<span class=\"__6 _342\"></span>erie nette \u00e0 l'<span class=\"__6 _342\"></span>ouverture de l'<span class=\"__6 _342\"></span>ex<span class=\"__6 _342\"></span>ercice<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x124_1 y3b1_2 w43_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y3b0_2 ff4_6 fs7_6 fc0_6 sc0_6 ls20_6 ws35_4\">1.031.03<span class=\"__6 _343\"></span>3<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x125_1 y3b1_2 w44_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y3b0_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">-69<span class=\"__6 _336\"></span>7<span class=\"__6 _335\"></span>.0<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>4<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x126_1 y3b1_2 w45_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y3b0_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">333<span class=\"__6 _342\"></span>.95<span class=\"__6 _342\"></span>9<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y3b3_2 w46_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Dividende<span class=\"__6 _336\"></span>s</div><div class=\"t_6 m0_6 x127_1 hf_6 y3b2_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x128_1 y3b3_2 w47_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">49<span class=\"__6 _342\"></span>.92<span class=\"__6 _336\"></span>9<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x129_1 y3b3_2 w4_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x12a_1 y3b3_2 w47_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">49<span class=\"__6 _342\"></span>.92<span class=\"__6 _336\"></span>9<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x12b_1 y3b3_2 w47_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">49<span class=\"__6 _342\"></span>.92<span class=\"__6 _336\"></span>9<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y3b4_2 w48_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Char<span class=\"__6 _342\"></span>ges de gestion</div><div class=\"t_6 m0_6 x12c_1 hf_6 y3b2_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">2<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x12d_1 y3b4_2 w49_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-7<span class=\"__6 _335\"></span>4.<span class=\"__6 _342\"></span>197<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x12e_1 y3b4_2 w4a_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-7<span class=\"__6 _335\"></span>4.<span class=\"__6 _342\"></span>19<span class=\"__6 _342\"></span>7<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3b5_2 w4b_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Inves<span class=\"__6 _342\"></span>tissement<span class=\"__6 _342\"></span>s en por<span class=\"__6 _343\"></span>tef<span class=\"__6 _342\"></span>euille<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x12f_1 y3b5_2 w4c_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-62<span class=\"__6 _342\"></span>0.260<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x130_1 y3b5_2 w4d_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-5<span class=\"__6 _342\"></span>18.492<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x131_1 y3b5_2 w4e_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-1.<span class=\"__6 _342\"></span>138.<span class=\"__6 _336\"></span>752<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x132_1 y3b5_2 w4f_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-1.<span class=\"__6 _342\"></span>138.<span class=\"__6 _342\"></span>752<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3b6_2 w50_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9sinve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>ts du portefe<span class=\"__6 _342\"></span>uille<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x133_1 y3b6_2 w51_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">38<span class=\"__6 _336\"></span>7<span class=\"__6 _335\"></span>.94<span class=\"__6 _336\"></span>1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x134_1 y3b6_2 w52_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">456<span class=\"__6 _342\"></span>.868<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x135_1 y3b6_2 w53_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">844.809<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x136_1 y3b6_2 w54_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">844.809<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3b7_2 w55_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Dividende v<span class=\"__6 _336\"></span>ers\u00e9<span class=\"__6 _342\"></span>s<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x137_1 y3b7_2 w56_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-115.<span class=\"__6 _342\"></span>792<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x138_1 y3b7_2 w56_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-115.<span class=\"__6 _342\"></span>792<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3b8_2 w57_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Autr<span class=\"__6 _342\"></span>es \u00e9l\u00e9ments<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x139_1 y3b8_2 w58_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-7<span class=\"__6 _335\"></span>.562<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x13a_1 y3b8_2 w59_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-858<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x13b_1 y3b8_2 w5a_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-8.42<span class=\"__6 _342\"></span>0<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3b9_2 w5b_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Augmen<span class=\"__6 _342\"></span>tation de ca<span class=\"__6 _336\"></span>pital<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x13c_1 y3b9_2 w5c_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">538.<span class=\"__6 _342\"></span>091<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x13d_1 y3b9_2 w5d_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">538.<span class=\"__6 _342\"></span>091<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3a9_2 w5e_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Enc<span class=\"__6 _342\"></span>aissement<span class=\"__6 _342\"></span>s prov<span class=\"__6 _336\"></span>enan<span class=\"__6 _342\"></span>t de dettes fin<span class=\"__6 _336\"></span>anci<span class=\"__6 _336\"></span>\u00e8re<span class=\"__6 _342\"></span>s<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x13e_1 y3a9_2 w5f_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5<span class=\"__6 _342\"></span>95.506<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x13f_1 y3a9_2 w60_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-595.<span class=\"__6 _336\"></span>506<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x140_1 y3a9_2 wa_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3aa_2 w61_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Rem<span class=\"__6 _342\"></span>boursemen<span class=\"__6 _342\"></span>ts de dettes fin<span class=\"__6 _342\"></span>anci\u00e8re<span class=\"__6 _342\"></span>s<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x141_1 y3aa_2 wa_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x142_1 y3aa_2 w4_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x143_1 y3aa_2 w4_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w62_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>r\u00e9sor<span class=\"__6 _342\"></span>erie nette \u00e0 la cl\u00f4<span class=\"__6 _342\"></span>ture de l\u2019<span class=\"__6 _342\"></span>e<span class=\"__6 _336\"></span>xer<span class=\"__6 _342\"></span>cice<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x144_1 y398_2 w63_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.<span class=\"__6 _342\"></span>723<span class=\"__6 _342\"></span>.065<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x145_1 y398_2 w64_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">-1.2<span class=\"__6 _336\"></span>93<span class=\"__6 _342\"></span>.438<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x146_1 y398_2 w65_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">42<span class=\"__6 _336\"></span>9<span class=\"__6 _342\"></span>.627<span class=\"__6 _341\"> </span></div></td></tr></table></div>1 <span class=\"__6 _346\"> </span>  <span class=\"__6 _340\"></span>La dif<span class=\"__6 _343\"></span>f\u00e9r<span class=\"__6 _342\"></span>ence avec les divi<span class=\"__6 _342\"></span>dendes pr\u00e9sen<span class=\"__6 _342\"></span>t\u00e9s dan<span class=\"__6 _342\"></span>s le r\u00e9sulta<span class=\"__6 _342\"></span>t global est principalem<span class=\"__6 _336\"></span>ent due \u00e0 de<span class=\"__6 _342\"></span>s d\u00e9calages en<span class=\"__6 _342\"></span>tre les p\u00e9riodes de d\u00e9cl<span class=\"__6 _342\"></span>aration et de p<span class=\"__6 _336\"></span>aiemen<span class=\"__6 _336\"></span>t (c\u2019<span class=\"__6 _342\"></span>est-\u00e0-dir<span class=\"__6 _342\"></span>e aux diff\u00e9renc<span class=\"__6 _336\"></span>es lorsque l<span class=\"__6 _342\"></span>a d\u00e9clarati<span class=\"__6 _342\"></span>on d\u2019un dividende et son impact c<span class=\"__6 _336\"></span>ash on<span class=\"__6 _342\"></span>t lieu au cour<span class=\"__6 _342\"></span>s de deux exer<span class=\"__6 _342\"></span>cices diff\u00e9ren<span class=\"__6 _342\"></span>ts) et aux re<span class=\"__6 _342\"></span>tenues \u00e0 la sour<span class=\"__6 _342\"></span>ce.<span class=\"__6 _341\"> </span>2 <span class=\"__6 _347\"> </span> La diff\u00e9ren<span class=\"__6 _336\"></span>ce av<span class=\"__6 _342\"></span>ec les charges de ge<span class=\"__6 _342\"></span>stion pr\u00e9sen<span class=\"__6 _342\"></span>t\u00e9es dan<span class=\"__6 _342\"></span>s le r\u00e9sulta<span class=\"__6 _342\"></span>t global est principalem<span class=\"__6 _342\"></span>ent due aux cha<span class=\"__6 _336\"></span>rges non d\u00e9c<span class=\"__6 _336\"></span>aiss\u00e9e<span class=\"__6 _336\"></span>s, aux dett<span class=\"__6 _342\"></span>es envers les f<span class=\"__6 _342\"></span>ournisseur<span class=\"__6 _342\"></span>s, au paiement diff<span class=\"__6 _342\"></span>\u00e9r\u00e9 du plan d\u2019in<span class=\"__6 _342\"></span>t\u00e9res<span class=\"__6 _336\"></span>sement \u00e0 lon<span class=\"__6 _342\"></span>g terme (L<span class=\"__6 _342\"></span>TIP) et de<span class=\"__6 _342\"></span>s plans d\u2019<span class=\"__6 _335\"></span>options octroy\u00e9s.<span class=\"__6 _341\"> </span><div class=\"gs3d\"><table class=\"s_1 w1_1 h27_2\" id=\"_4ad9c996-c350-430b-a6f0-1cfa2b6efd7c\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 xdd_4 hb_6 y3dc_2 ff4_6 fs5_6 fc0_6 sc0_6 ls2_6 ws29_6\">EN MILLIER<span class=\"__6 _342\"></span>S E<span class=\"__6 _343\"></span>UR<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3dd_2 we0_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">FL<span class=\"__6 _342\"></span>UX DE TR\u00c9<span class=\"__6 _342\"></span>SOR<span class=\"__6 _342\"></span>ERIE DE GE<span class=\"__6 _342\"></span>STIO<span class=\"__6 _342\"></span>N (202<span class=\"__6 _342\"></span>4)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1de y3dd_2 w20_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">SOFINA DIRECT<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 xe0_4 hc_6 y3de_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">SOFIN<span class=\"__6 _336\"></span>A FONDS </td><td class=\"c_1 n_1 x120_1 y3dd_2 w3f_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">CAS<span class=\"__6 _342\"></span>H BRUT<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x121_1 y3dd_2 w40_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">DET<span class=\"__6 _343\"></span>T<span class=\"__6 _343\"></span>ES FINANCI\u00c8RES<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1df y3dd_2 we1_1 h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">C<span class=\"__6 _342\"></span>ASH NET<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 xe4_4 hc_6 y3df_2 ff4_6 fs6_6 fc2_6 sc0_6 ls19_6 ws2c_6\">PR<span class=\"__6 _343\"></span>I<span class=\"__6 _343\"></span>V\u00c9S<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3e0_2 we2_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y3b0_2 ff4_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>r\u00e9sor<span class=\"__6 _342\"></span>erie nette \u00e0 l\u2019<span class=\"__6 _342\"></span>ouvertur<span class=\"__6 _342\"></span>e de la p\u00e9riode<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1e0 y3e0_2 we3_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y3b0_2 ff4_6 fs7_6 fc0_6 sc0_6 ls30_6 ws46_4\">89<span class=\"__6 _343\"></span>3.<span class=\"__6 _343\"></span>59<span class=\"__6 _343\"></span>0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1e1 y3e0_2 we4_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y3b0_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">-696<span class=\"__6 _342\"></span>.289<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1e2 y3e0_2 we5_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y3b0_2 ff4_6 fs7_6 fc0_6 sc0_6 ls31_6 ws47_4\">1<span class=\"__6 _343\"></span>97<span class=\"__6 _342\"></span>.<span class=\"__6 _343\"></span>301<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y3e1_2 w46_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Dividende<span class=\"__6 _336\"></span>s</div><div class=\"t_6 m0_6 x127_1 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1e3 y3e1_2 we6_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>.455<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1e4 y3e1_2 we7_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.<span class=\"__6 _335\"></span>182<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1e5 y3e1_2 we8_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2b_6 ws41_4\">59.<span class=\"__6 _343\"></span>6<span class=\"__6 _2f_4\"></span>37<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x1e6 y3e1_2 we8_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2b_6 ws41_4\">59.<span class=\"__6 _343\"></span>6<span class=\"__6 _2f_4\"></span>37<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y3e2_2 w48_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Char<span class=\"__6 _342\"></span>ges de gestion</div><div class=\"t_6 m0_6 x12c_1 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">2<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1a8 y3e2_2 we9_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-61.<span class=\"__6 _342\"></span>158<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x1e7 y3e2_2 wea_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-61.<span class=\"__6 _335\"></span>158<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3e3_2 w4b_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Inves<span class=\"__6 _342\"></span>tissement<span class=\"__6 _342\"></span>s en por<span class=\"__6 _343\"></span>tef<span class=\"__6 _342\"></span>euille<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1e8 y3e3_2 web_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-566.<span class=\"__6 _342\"></span>907<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1e9 y3e3_2 wec_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-383<span class=\"__6 _342\"></span>.919<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1ea y3e3_2 wed_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-950.826<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x1eb y3e3_2 wee_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-950.82<span class=\"__6 _342\"></span>6<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3e4_2 w50_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9sinve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>ts du portefe<span class=\"__6 _342\"></span>uille<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1ec y3e4_2 wef_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2b_6 ws41_4\">83<span class=\"__6 _2f_4\"></span>6.7<span class=\"__6 _343\"></span>29<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1ed y3e4_2 wf0_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">37<span class=\"__6 _335\"></span>4.60<span class=\"__6 _336\"></span>2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1ee y3e4_2 wf1_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.211.331<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x1ef y3e4_2 wf2_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.2<span class=\"__6 _342\"></span>11.331<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3e5_2 wf3_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Dividende<span class=\"__6 _336\"></span>s vers<span class=\"__6 _342\"></span>\u00e9s<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1f0 y3e5_2 wf4_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-111.2<span class=\"__6 _336\"></span>36<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x1f1 y3e5_2 wf4_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-111.2<span class=\"__6 _336\"></span>36<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3e6_2 w57_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Autr<span class=\"__6 _342\"></span>es \u00e9l\u00e9ments<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1f2 y3e6_2 wf5_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10.<span class=\"__6 _336\"></span>305<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1f3 y3e6_2 wf6_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-785<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1f4 y3e6_2 wf7_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-11.090<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3e7_2 wf8_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Rem<span class=\"__6 _342\"></span>boursemen<span class=\"__6 _342\"></span>t de dettes fina<span class=\"__6 _342\"></span>nci\u00e8re<span class=\"__6 _336\"></span>s<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1f5 y3e7_2 wa_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1f6 y3e7_2 w4_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1f7 y3e7_2 w4_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 wf9_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>r\u00e9sor<span class=\"__6 _342\"></span>erie nette \u00e0 la cl\u00f4<span class=\"__6 _342\"></span>ture de la p\u00e9riode<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1f8 y398_2 w43_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls20_6 ws35_4\">1.031.03<span class=\"__6 _343\"></span>3<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1f9 y398_2 w44_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">-69<span class=\"__6 _336\"></span>7<span class=\"__6 _335\"></span>.0<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>4<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x1fa y398_2 w45_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">333<span class=\"__6 _342\"></span>.95<span class=\"__6 _342\"></span>9<span class=\"__6 _341\"> </span></div></td></tr></table></div> <span class=\"__6 _346\"> </span> La diff\u00e9ren<span class=\"__6 _336\"></span>ce av<span class=\"__6 _342\"></span>ec les dividendes pr\u00e9<span class=\"__6 _342\"></span>sent\u00e9s d<span class=\"__6 _342\"></span>ans le r\u00e9s<span class=\"__6 _336\"></span>ultat globa<span class=\"__6 _342\"></span>l est principalemen<span class=\"__6 _342\"></span>t due \u00e0 des d\u00e9calage<span class=\"__6 _342\"></span>s entre les p\u00e9ri<span class=\"__6 _336\"></span>odes de d\u00e9cla<span class=\"__6 _336\"></span>ra<span class=\"__6 _336\"></span>tion et de paiemen<span class=\"__6 _342\"></span>t (c\u2019<span class=\"__6 _342\"></span>est-\u00e0-dir<span class=\"__6 _342\"></span>e aux dif<span class=\"__6 _343\"></span>f\u00e9r<span class=\"__6 _342\"></span>ences lorsque la d\u00e9c<span class=\"__6 _336\"></span>lar<span class=\"__6 _336\"></span>ation d\u2019un dividen<span class=\"__6 _342\"></span>de et son impact ca<span class=\"__6 _336\"></span>sh ont lie<span class=\"__6 _336\"></span>u au cour<span class=\"__6 _342\"></span>s de deux exer<span class=\"__6 _342\"></span>cices diff\u00e9ren<span class=\"__6 _342\"></span>ts) et aux re<span class=\"__6 _342\"></span>tenues \u00e0 la sour<span class=\"__6 _342\"></span>ce.<span class=\"__6 _341\"> </span>2 <span class=\"__6 _347\"> </span> La diff\u00e9ren<span class=\"__6 _336\"></span>ce av<span class=\"__6 _342\"></span>ec les charges de ge<span class=\"__6 _342\"></span>stion pr\u00e9sen<span class=\"__6 _342\"></span>t\u00e9es dan<span class=\"__6 _342\"></span>s le r\u00e9sulta<span class=\"__6 _342\"></span>t global est principalem<span class=\"__6 _342\"></span>ent due aux cha<span class=\"__6 _336\"></span>rges non d\u00e9c<span class=\"__6 _336\"></span>aiss\u00e9e<span class=\"__6 _336\"></span>s des plan<span class=\"__6 _342\"></span>s d\u2019<span class=\"__6 _342\"></span>options oc<span class=\"__6 _342\"></span>troy\u00e9s.<span class=\"__6 _341\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-261": {
   "value": "<div class=\"t_6 m1_6 h6_6 ff4_6 fs3_6 fc0_6 sc0_6 ls9_6 ws0_6 gs56\">2.2 CO<span class=\"__6 _342\"></span>MMENT<span class=\"__6 _344\"></span>AIRE<span class=\"__6 _342\"></span>S SUR L<span class=\"__6 _342\"></span>\u2019\u00c9V<span class=\"__6 _335\"></span>OL<span class=\"__6 _342\"></span>UTION DU P<span class=\"__6 _342\"></span>ORTEF<span class=\"__6 _342\"></span>EUIL<span class=\"__6 _342\"></span>LE EN TRA<span class=\"__6 _342\"></span>NSP<span class=\"__6 _344\"></span>AREN<span class=\"__6 _342\"></span>CE<span class=\"__6 _341\"> </span></div><div class=\"t_6 m11_2 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls3_6 ws3_6 gs57\">L<span class=\"__6 _342\"></span>es principaux m<span class=\"__6 _342\"></span>ouvemen<span class=\"__6 _342\"></span>ts d\u2019<span class=\"__6 _342\"></span>acquisition e<span class=\"__6 _342\"></span>t de cession r<span class=\"__6 _342\"></span>elatifs au porte<span class=\"__6 _342\"></span>feuille de Sofin<span class=\"__6 _336\"></span>a Direc<span class=\"__6 _342\"></span>t </div><div class=\"t_6 m12_2 h3_6 ff3_6 fs1_6 fc1_6 sc0_6 ls3_6 ws48_4 gs58\">en <span class=\"__6 _342\"></span>20<span class=\"__6 _342\"></span>25 <span class=\"__6 _342\"></span>(dont <span class=\"__6 _342\"></span>la <span class=\"__6 _342\"></span>j<span class=\"__6 _342\"></span>uste <span class=\"__6 _342\"></span>va<span class=\"__6 _342\"></span>leur <span class=\"__6 _342\"></span>exc<span class=\"__6 _342\"></span>\u00e8de <span class=\"__6 _336\"></span>10 <span class=\"__6 _342\"></span>millions <span class=\"__6 _342\"></span>EUR) <span class=\"__6 _342\"></span>conc<span class=\"__6 _342\"></span>ernent <span class=\"__6 _342\"></span>les <span class=\"__6 _342\"></span>actifs <span class=\"__6 _342\"></span>fina<span class=\"__6 _342\"></span>nciers <span class=\"__6 _342\"></span>suiva<span class=\"__6 _342\"></span>nts<span class=\"__6 gs2c\"> </span><span class=\"__6 _342\"></span>:<span class=\"__6 _341\"> </span></div><div class=\"gs59\"><table class=\"s_1 wfa_1 h28_2\" id=\"_166e72c9-12bb-4311-b452-a1d1af0dc7df\"><tr><td></td><td></td><td class=\"t_6 m0_6 x1fc hc_6 y3e8_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">DRO<span class=\"__6 _336\"></span>ITS S<span class=\"__6 _336\"></span>OCI<span class=\"__6 _336\"></span>AUX<span class=\"__6 _342\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x1fd hc_6 y3e9_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">% DE P<span class=\"__6 _342\"></span>ART<span class=\"__6 _343\"></span>ICIP<span class=\"__6 _342\"></span>A<span class=\"__6 _335\"></span>TION<span class=\"__6 _343\"></span> </td><td class=\"t_6 m0_6 x1fe hc_6 y3e9_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">% DE P<span class=\"__6 _342\"></span>ART<span class=\"__6 _343\"></span>ICIP<span class=\"__6 _342\"></span>A<span class=\"__6 _335\"></span>TION </td></tr><tr><td></td><td class=\"c_1 x200 y3ea_2 wfb_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">INVE<span class=\"__6 _342\"></span>STI</div><div class=\"t_6 m0_6 x1ff h12_6 y3bb_2 ff4_6 fsa_6 fc2_6 sc0_6 ls2_6 ws39_4\">1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 x202 y3ea_2 wfc_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">VENDU</div><div class=\"t_6 m0_6 x201 h12_6 y3bb_2 ff4_6 fsa_6 fc2_6 sc0_6 ls2_6 ws39_4\">1<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3eb_2 wfd_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Berry Stree<span class=\"__6 _342\"></span>t Health<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x203 y3eb_2 wfe_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">17<span class=\"__6 _335\"></span>,96%<span class=\"__6 _341\"> </span></div></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3ec_2 wff_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Cyer<span class=\"__6 _336\"></span>a<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x204 y3ec_2 w100_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">0,31<span class=\"__6 _343\"></span>%<span class=\"__6 _341\"> </span></div></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3ed_2 w101_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Fitshit Hea<span class=\"__6 _336\"></span>lth Solution<span class=\"__6 _342\"></span>s (The Whole T<span class=\"__6 _335\"></span>ruth)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x205 y3ed_2 w102_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4,5<span class=\"__6 _342\"></span>1%<span class=\"__6 _341\"> </span></div></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3ee_2 w103_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">FN<span class=\"__6 _336\"></span>OF Cha<span class=\"__6 _342\"></span>mp Cit<span class=\"__6 _343\"></span>y (Zhuoyu T<span class=\"__6 _335\"></span>echnology)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x206 y3ee_2 w104_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2b_6 ws41_4\">4<span class=\"__6 _343\"></span>0<span class=\"__6 _343\"></span>,73<span class=\"__6 _2f_4\"></span>%<span class=\"__6 _341\"> </span></div></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3ef_2 w105_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Green E Origin (Gr<span class=\"__6 _342\"></span>een Energy Origin)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x207 y3ef_2 w106_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">10,0<span class=\"__6 _343\"></span>4%<span class=\"__6 _341\"> </span></div></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f0_2 w107_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">OrganO<span class=\"__6 _342\"></span>X<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x208 y3f0_2 w108_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4,<span class=\"__6 _342\"></span>13%<span class=\"__6 _341\"> </span></div></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f1_2 w109_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws49_4\">P<span class=\"__6 _342\"></span>eak XV P<span class=\"__6 _342\"></span>artners P<span class=\"__6 _336\"></span>H Inves<span class=\"__6 _342\"></span>tment Holdings (P<span class=\"__6 _342\"></span>os<span class=\"__6 _342\"></span>tHog)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x209 y3f1_2 w10a_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">32,<span class=\"__6 _342\"></span>14%<span class=\"__6 _341\"> </span></div></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f2_2 w10b_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Pr<span class=\"__6 _342\"></span>oeduca Altu<span class=\"__6 _336\"></span>s<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x20a y3f2_2 w10c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">17<span class=\"__6 _335\"></span>,22%<span class=\"__6 _341\"> </span></div></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f3_2 w10d_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Qa<span class=\"__6 _342\"></span>rgo T<span class=\"__6 _335\"></span>ech<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x20b y3f3_2 w10e_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">15,<span class=\"__6 _335\"></span>14%<span class=\"__6 _341\"> </span></div></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f4_2 w10f_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Scala<span class=\"__6 _342\"></span>ble (Scalable C<span class=\"__6 _342\"></span>apital)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x20c y3f4_2 w110_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">6,<span class=\"__6 _342\"></span>00%<span class=\"__6 _341\"> </span></div></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f5_2 w111_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Str<span class=\"__6 _342\"></span>eam Grou<span class=\"__6 _336\"></span>p Holdings<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x20d y3f5_2 w112_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">12,60%<span class=\"__6 _341\"> </span></div></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f6_2 w113_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">bioM\u00e9ri<span class=\"__6 _342\"></span>eux<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x20e y3f6_2 w114_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">0,93%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f7_2 w115_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws4a_4\">GL eve<span class=\"__6 _343\"></span>nts<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x20f y3f7_2 w116_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1d_6 ws31_6\">7,<span class=\"__6 _2f_4\"></span>0<span class=\"__6 _2f_4\"></span>1<span class=\"__6 _a_5\"></span>%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f8_2 w117_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">GoldIron (Fir<span class=\"__6 _342\"></span>st Eagle)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x210 y3f8_2 w118_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">62,3<span class=\"__6 _336\"></span>1%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f9_2 w119_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">IHS Holdin<span class=\"__6 _342\"></span>g<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x211 y3f9_2 w11a_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1,0<span class=\"__6 _342\"></span>3%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3fa_2 w11b_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">K<span class=\"__6 _342\"></span>edaara N<span class=\"__6 _342\"></span>or<span class=\"__6 _343\"></span>folk Holdin<span class=\"__6 _336\"></span>gs (L<span class=\"__6 _342\"></span>enska<span class=\"__6 _342\"></span>r<span class=\"__6 _343\"></span>t)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x212 y3fa_2 w11c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w107_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">OrganO<span class=\"__6 _342\"></span>X<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x213 y398_2 w11d_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4,<span class=\"__6 _342\"></span>13%<span class=\"__6 _341\"> </span></div></td></tr></table></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws4b_4 gs5a\">Qua<span class=\"__6 _342\"></span>nt aux princip<span class=\"__6 _336\"></span>aux mouv<span class=\"__6 _342\"></span>ements n<span class=\"__6 _342\"></span>ets de plus de 10 milli<span class=\"__6 _342\"></span>ons EUR r<span class=\"__6 _336\"></span>ela<span class=\"__6 _336\"></span>tifs au portef<span class=\"__6 _342\"></span>euille de </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws4c_4 gs5b\">Sofina F<span class=\"__6 _342\"></span>onds P<span class=\"__6 _342\"></span>riv\u00e9s en 2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>5, ils concern<span class=\"__6 _342\"></span>ent les en<span class=\"__6 _342\"></span>tr\u00e9es d<span class=\"__6 _336\"></span>an<span class=\"__6 _342\"></span>s les fond<span class=\"__6 _342\"></span>s Accel, Andr<span class=\"__6 _342\"></span>eessen </div><div class=\"t_6 m13_2 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws1d_6 gs5c\">&amp; Hor<span class=\"__6 _336\"></span>owitz, B<span class=\"__6 _342\"></span>attery<span class=\"__6 _342\"></span>, DST<span class=\"__6 _344\"></span>, F<span class=\"__6 _342\"></span>ounders F<span class=\"__6 _342\"></span>und and T<span class=\"__6 _344\"></span>A Associat<span class=\"__6 _342\"></span>es funds<span class=\"__6 _342\"></span>, and partial di<span class=\"__6 _342\"></span>sposals of<span class=\"__6 _342\"></span> </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs5d\">HongSh<span class=\"__6 _336\"></span>an, Ligh<span class=\"__6 _342\"></span>tspeed, Oa<span class=\"__6 _342\"></span>k, Sequoia et Thom<span class=\"__6 _342\"></span>a Bra<span class=\"__6 _342\"></span>vo funds<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m14_1 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls3_6 ws3_6 gs5e\">L<span class=\"__6 _342\"></span>es principale<span class=\"__6 _342\"></span>s participati<span class=\"__6 _342\"></span>ons de Sofina Dir<span class=\"__6 _342\"></span>ect du nivea<span class=\"__6 _342\"></span>u <span class=\"__6 _343\"></span>1</div><div class=\"t_6 m15_1 h13_6 ff2_6 fsb_6 fc1_6 sc0_6 ls2_6 ws4d_4 gs5f\"> 2</div><div class=\"t_6 m14_1 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls3_6 ws3_6 gs60\"> (dont l<span class=\"__6 _342\"></span>a just<span class=\"__6 _342\"></span>e valeur e<span class=\"__6 _342\"></span>xc\u00e8de 10 mil<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></div><div class=\"t_6 m1_6 h3_6 ff3_6 fs1_6 fc1_6 sc0_6 ls1_6 ws2_6 gs61\">lion<span class=\"__6 _342\"></span>s <span class=\"__6 _343\"></span>EUR) d\u00e9ten<span class=\"__6 _336\"></span>ues par le gro<span class=\"__6 _342\"></span>upe <span class=\"__6 _343\"></span>au 31 d\u00e9cem<span class=\"__6 _342\"></span>bre 20<span class=\"__6 _342\"></span>25 sont le<span class=\"__6 _336\"></span>s suivan<span class=\"__6 _342\"></span>tes<span class=\"__6 gs2c\"> </span>: </div><div class=\"gs62\"><table class=\"s_1 w11e_1 h29_2\" id=\"_c63737bb-dfab-40b4-8ac7-4a7032062c71\"><tr><td></td><td></td><td class=\"t_6 m0_6 x215 hc_6 y3fb_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">DRO<span class=\"__6 _336\"></span>ITS S<span class=\"__6 _336\"></span>OCI<span class=\"__6 _336\"></span>AUX D<span class=\"__6 _342\"></span>\u00c9TENUS<span class=\"__6 _341\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"c_1 x217 y3fc_2 w11f_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">ANN\u00c9E DU 1</div><div class=\"t_6 m0_6 x216 h12_6 y3bb_2 ff4_6 fsa_6 fc2_6 sc0_6 ls33_6 ws4e_4\">ER<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"t_6 m0_6 x218 hc_6 y3fd_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">JUS<span class=\"__6 _342\"></span>TE V<span class=\"__6 _342\"></span>ALEUR<span class=\"__6 _336\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x219 hc_6 y3fe_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">INVE<span class=\"__6 _342\"></span>STIS<span class=\"__6 _336\"></span>SEM<span class=\"__6 _336\"></span>ENT<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x21a hc_6 y3ff_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">NOMBRE DE </td><td class=\"t_6 m0_6 x21b hc_6 y3ff_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">% DE </td><td class=\"t_6 m0_6 x21c hc_6 y3fe_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">(EN MIL<span class=\"__6 _342\"></span>LIE<span class=\"__6 _342\"></span>RS EUR)<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x21d hc_6 y400_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">TITRE<span class=\"__6 _342\"></span>S<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x21e hc_6 y400_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">P<span class=\"__6 _342\"></span>ARTICIP<span class=\"__6 _342\"></span>A<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>ION<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y401_2 w113_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">bioM\u00e9ri<span class=\"__6 _342\"></span>eux<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x21f y401_2 w120_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2<span class=\"__6 _342\"></span>009<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x220 y401_2 w121_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.<span class=\"__6 _342\"></span>182.5<span class=\"__6 _342\"></span>13<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x221 y401_2 w122_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1,00%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x222 y401_2 w123_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">130.43<span class=\"__6 _342\"></span>1<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 x223 hd_6 y402_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Hona<span class=\"__6 _336\"></span>sa Con<span class=\"__6 _342\"></span>sumer </td><td class=\"c_1 n_1 x224 y403_2 w124_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">202<span class=\"__6 _343\"></span>1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x225 y403_2 w125_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _342\"></span>715.<span class=\"__6 _342\"></span>97<span class=\"__6 _342\"></span>8<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x226 y403_2 w126_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">3,2<span class=\"__6 _342\"></span>9%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x227 y403_2 w127_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2c_6 ws42_4\">29.0<span class=\"__6 _343\"></span>4<span class=\"__6 _343\"></span>9<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 x223 hd_6 y404_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">(Ma<span class=\"__6 _342\"></span>maearth)<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y405_2 w128_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Lux<span class=\"__6 _342\"></span>empart<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x228 y405_2 w129_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1992<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x229 y405_2 w12a_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.25<span class=\"__6 _342\"></span>7<span class=\"__6 _335\"></span>.500<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x22a y405_2 w12b_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls30_6 ws46_4\">6,07<span class=\"__6 _2f_4\"></span>%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x22b y405_2 w12c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">7<span class=\"__6 _342\"></span>9.22<span class=\"__6 _342\"></span>3<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3fa_2 w12d_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Pine Lab<span class=\"__6 _342\"></span>s<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x22c y3fa_2 w12e_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">201<span class=\"__6 _343\"></span>5</div></td><td class=\"c_1 n_1 x22d y3fa_2 w12f_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">16.<span class=\"__6 _342\"></span>77<span class=\"__6 _342\"></span>0.<span class=\"__6 _342\"></span>752<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x22e y3fa_2 w130_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1,46%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x22f y3fa_2 w131_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">38.0<span class=\"__6 _342\"></span>29<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w132_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">The Hut Gr<span class=\"__6 _342\"></span>oup (THG)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x230 y398_2 w133_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">2016</div></td><td class=\"c_1 n_1 x231 y398_2 w134_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">12<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>.494.<span class=\"__6 _342\"></span>951<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x232 y398_2 w135_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1d_6 ws31_6\">7,<span class=\"__6 _2f_4\"></span>9<span class=\"__6 _2f_4\"></span>7<span class=\"__6 _a_5\"></span>%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x233 y398_2 w136_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">66<span class=\"__6 _342\"></span>.830<span class=\"__6 _341\"> </span></div></td></tr></table></div><div class=\"t_6 m0_6 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs51\">1 <span class=\"__6 _346\"> </span> Changem<span class=\"__6 _336\"></span>ents d<span class=\"__6 _342\"></span>u pourcen<span class=\"__6 _336\"></span>tage de participa<span class=\"__6 _342\"></span>tion non dilu\u00e9 au 31 d\u00e9<span class=\"__6 _336\"></span>cembr<span class=\"__6 _342\"></span>e 202<span class=\"__6 _342\"></span>5 \u00e0 la suite des nouv<span class=\"__6 _342\"></span>elles acquisition<span class=\"__6 _342\"></span>s et cession<span class=\"__6 _336\"></span>s de l\u2019<span class=\"__6 _342\"></span>ex<span class=\"__6 _342\"></span>ercice. D<span class=\"__6 _342\"></span>ans le cas de H<span class=\"__6 _342\"></span>SG Co-Inv<span class=\"__6 _336\"></span>estmen<span class=\"__6 _342\"></span>t 20<span class=\"__6 _342\"></span>16-A (ByteDa<span class=\"__6 _342\"></span>nce) et Keda<span class=\"__6 _342\"></span>ara Norfolk Holdings (L<span class=\"__6 _342\"></span>ensk<span class=\"__6 _342\"></span>ar<span class=\"__6 _343\"></span>t) il s\u2019<span class=\"__6 _342\"></span>agit de </div><div class=\"t_6 m0_6 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs46\">distributi<span class=\"__6 _336\"></span>ons qui n<span class=\"__6 _342\"></span>\u2019<span class=\"__6 _342\"></span>ont pas donn\u00e9 li<span class=\"__6 _342\"></span>eu \u00e0 une vent<span class=\"__6 _342\"></span>e d\u2019ac<span class=\"__6 _342\"></span>tions, et donc \u00e0 auc<span class=\"__6 _342\"></span>une modification du po<span class=\"__6 _342\"></span>urcent<span class=\"__6 _342\"></span>age de participation.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m0_6 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs53\">2 <span class=\"__6 _347\"> </span> P<span class=\"__6 _342\"></span>our une d\u00e9finition des niv<span class=\"__6 _342\"></span>eaux, voir point 2.<span class=\"__6 _342\"></span>3 ci-dessous.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m16 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 lsb_6 ws1d_6 gs64\">L<span class=\"__6 _342\"></span>es principale<span class=\"__6 _342\"></span>s participation<span class=\"__6 _342\"></span>s de Sofina Direc<span class=\"__6 _342\"></span>t du niveau 2 et d<span class=\"__6 _336\"></span>u niveau 3</div><div class=\"t_6 m17 h13_6 ff2_6 fsb_6 fc1_6 sc0_6 ls2_6 ws50_4 gs65\"> 1</div><div class=\"t_6 m16 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 lsb_6 ws1d_6 gs66\"> (dont l<span class=\"__6 _342\"></span>a just<span class=\"__6 _342\"></span>e </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws15_6 gs67\">va<span class=\"__6 _336\"></span>leur e<span class=\"__6 _336\"></span>xc<span class=\"__6 _342\"></span>\u00e8de 10 millions EUR) d\u00e9<span class=\"__6 _342\"></span>tenues pa<span class=\"__6 _342\"></span>r le groupe Sofin<span class=\"__6 _342\"></span>a au 31 d\u00e9cem<span class=\"__6 _336\"></span>bre 2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>5 sont les<span class=\"__6 _342\"></span> </div><div class=\"t_6 m1_6 h3_6 ff3_6 fs1_6 fc1_6 sc0_6 ls1_6 ws2_6 gs68\">suiva<span class=\"__6 _336\"></span>nt<span class=\"__6 _342\"></span>es<span class=\"__6 gs2c\"> </span>:<span class=\"__6 _341\"> </span></div><div class=\"gs69\"><table class=\"s_1 w137_1 h2a_2\" id=\"_0f247e0a-0671-4fd1-80fb-faa0da2f3824\"><tr><td></td><td></td><td class=\"t_6 m0_6 x234 hc_6 y406_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">DRO<span class=\"__6 _336\"></span>ITS S<span class=\"__6 _336\"></span>OCI<span class=\"__6 _336\"></span>AUX D<span class=\"__6 _342\"></span>\u00c9TENUS<span class=\"__6 _341\"> </span></td><td></td><td class=\"c_1 n_1 x235 y407_2 w138_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Roh<span class=\"__6 _342\"></span>lik<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x236 y407_2 w139 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">202<span class=\"__6 _343\"></span>2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x237 y407_2 w13a h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls29_6 ws3f_4\">52<span class=\"__6 _343\"></span>.<span class=\"__6 _343\"></span>678<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x238 y407_2 w13b h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">8,<span class=\"__6 _336\"></span>75%<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td class=\"c_1 x23a y408_2 w13c h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">ANN\u00c9E DU 1</div><div class=\"t_6 m0_6 x239 h12_6 y3bb_2 ff4_6 fsa_6 fc2_6 sc0_6 ls33_6 ws4e_4\">ER<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x235 y409_2 w13d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sa<span class=\"__6 _342\"></span>lto Syst<span class=\"__6 _336\"></span>ems<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x23b y409_2 w13e h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">2020<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x23c y409_2 w13f h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">22.29<span class=\"__6 _336\"></span>3<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x23d y409_2 w140 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">12,<span class=\"__6 _342\"></span>17%<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td class=\"t_6 m0_6 x23e hc_6 y40a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">INVE<span class=\"__6 _342\"></span>STIS<span class=\"__6 _336\"></span>SEM<span class=\"__6 _336\"></span>ENT<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x23f hc_6 y40b_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">NOMBRE DE </td><td class=\"t_6 m0_6 x240 hc_6 y40b_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">% DE </td><td class=\"c_1 n_1 x235 y40c_2 w10f_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Scala<span class=\"__6 _342\"></span>ble (Scalable C<span class=\"__6 _342\"></span>apital)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x241 y40c_2 w141 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">202<span class=\"__6 _343\"></span>5<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x242 y40c_2 w142 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">17<span class=\"__6 _335\"></span>.008<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x243 y40c_2 w110_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">6,<span class=\"__6 _342\"></span>00%<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x244 hc_6 y40d_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">TITRE<span class=\"__6 _342\"></span>S<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x245 hc_6 y40d_2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">P<span class=\"__6 _342\"></span>ARTICIP<span class=\"__6 _342\"></span>A<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>ION<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x246 hd_6 y40e_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Shenzhen Shuy<span class=\"__6 _342\"></span>e Innova<span class=\"__6 _342\"></span>tive T<span class=\"__6 _335\"></span>echnology </td><td class=\"c_1 n_1 x247 y40f_2 w143 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">2023<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x248 y40f_2 w144 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2b_6 ws41_4\">4<span class=\"__6 _2f_4\"></span>0<span class=\"__6 _343\"></span>3<span class=\"__6 _343\"></span>.7<span class=\"__6 _343\"></span>5<span class=\"__6 _343\"></span>2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x249 y40f_2 w145 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4,58%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y410_2 wfd_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Berry Stree<span class=\"__6 _342\"></span>t Health<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x24a y410_2 w146 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">202<span class=\"__6 _343\"></span>5<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x24b y410_2 w147 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4.32<span class=\"__6 _342\"></span>7<span class=\"__6 _335\"></span>.9<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>4<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x24c y410_2 wfe_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">17<span class=\"__6 _335\"></span>,96%<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 x246 hd_6 y411_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">(Laifen)<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y412_1 w148 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Biobes<span class=\"__6 _336\"></span>t Grou<span class=\"__6 _336\"></span>p (BioFirs<span class=\"__6 _336\"></span>t)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x24d y412_1 w149 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">202<span class=\"__6 _343\"></span>2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x24e y412_1 w14a h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">162.<span class=\"__6 _336\"></span>012<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x24f y412_1 w14b h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">11,<span class=\"__6 _342\"></span>11%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x235 y413_1 w111_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Str<span class=\"__6 _342\"></span>eam Grou<span class=\"__6 _336\"></span>p Holdings<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x250 y413_1 w141 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">202<span class=\"__6 _343\"></span>5<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x251 y413_1 w14c h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5.044.005<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x252 y413_1 w14d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">12,<span class=\"__6 _336\"></span>60%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y414_1 w14e h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Birdi<span class=\"__6 _336\"></span>e Ca<span class=\"__6 _342\"></span>re Ser<span class=\"__6 _343\"></span>vices<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x253 y414_1 w139 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">202<span class=\"__6 _343\"></span>2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x254 y414_1 w14f h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">3<span class=\"__6 _342\"></span>.92<span class=\"__6 _342\"></span>4.3<span class=\"__6 _342\"></span>79<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x255 y414_1 w150 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">15<span class=\"__6 _342\"></span>,46%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x235 y415_1 w151 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">tea<span class=\"__6 _336\"></span>m.blue<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x256 y415_1 w152 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls35_5 ws10_6\">20<span class=\"__6 _343\"></span>24<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x257 y415_1 w153 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">61.422.840<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x258 y415_1 w154 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4,00%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y416_1 w155 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Ca<span class=\"__6 _342\"></span>mbridge Associa<span class=\"__6 _342\"></span>tes<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x259 y416_1 w156 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">2018<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x25a y416_1 w157 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2<span class=\"__6 _342\"></span>4.2<span class=\"__6 _342\"></span>42<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x25b y416_1 w158 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls29_6 ws3f_4\">23,67<span class=\"__6 _343\"></span>%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x235 y417_1 w159 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Though<span class=\"__6 _342\"></span>tSpot<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x25c y417_1 w15a h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">2017<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x25d y417_1 w15b h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">3.2<span class=\"__6 _342\"></span>63.<span class=\"__6 _342\"></span>785<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x25e y417_1 w15c h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2,<span class=\"__6 _342\"></span>55%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y418_1 w15d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Ca<span class=\"__6 _342\"></span>rebridge Holdin<span class=\"__6 _336\"></span>gs<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x25f y418_1 w15e h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">201<span class=\"__6 _343\"></span>6<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x260 y418_1 w15f h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">16.8<span class=\"__6 _342\"></span>37<span class=\"__6 _335\"></span>.<span class=\"__6 _342\"></span>016<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x261 y418_1 w11d_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4,3<span class=\"__6 _342\"></span>1%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x235 y419_1 w160 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Tier Mobility (Dott)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x262 y419_1 w161 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls35_5 ws10_6\">20<span class=\"__6 _343\"></span>24<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x263 y419_1 w162 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2b_6 ws41_4\">1<span class=\"__6 _2f_4\"></span>37<span class=\"__6 _342\"></span>.7<span class=\"__6 _2f_4\"></span>59<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x264 y419_1 w163 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5,42%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y41a_1 w164 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Cleo AI<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x265 y41a_1 w149 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">202<span class=\"__6 _343\"></span>2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x266 y41a_1 w165 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4.331.<span class=\"__6 _342\"></span>75<span class=\"__6 _342\"></span>7<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x267 y41a_1 w166 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">12,<span class=\"__6 _342\"></span>78%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x235 y41b_1 w167 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _342\"></span>win Hea<span class=\"__6 _342\"></span>lth<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x268 y41b_1 w124_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">202<span class=\"__6 _343\"></span>1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x269 y41b_1 w168 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.9<span class=\"__6 _342\"></span>75.802<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x26a y41b_1 w169 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5,00%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y41c_1 w16a h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Collibr<span class=\"__6 _342\"></span>a<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x26b y41c_1 w16b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">202<span class=\"__6 _343\"></span>1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x26c y41c_1 w16c h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1f_6 ws34_5\">6.93<span class=\"__6 _343\"></span>6.51<span class=\"__6 _343\"></span>6<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x26d y41c_1 w16d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2,87%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x235 y41d_1 w16e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">T<span class=\"__6 _342\"></span>ypeform<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x26e y41d_1 w16f h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">2022<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x26f y41d_1 w170 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">69<span class=\"__6 _342\"></span>.208<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x270 y41d_1 w171 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls38_5 ws53_4\">6,93<span class=\"__6 _343\"></span>%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y41e_1 wff_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Cyer<span class=\"__6 _336\"></span>a<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x271 y41e_1 w152 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls35_5 ws10_6\">20<span class=\"__6 _343\"></span>24<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x272 y41e_1 w172 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls36_5 ws51_4\">5.557<span class=\"__6 _335\"></span>.<span class=\"__6 _342\"></span>103<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x273 y41e_1 w173 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1,25%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x235 y41f_1 w174 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls39_4 ws54_4\">V<span class=\"__6 _342\"></span>eepee<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x274 y41f_1 w175 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">201<span class=\"__6 _343\"></span>6<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x275 y41f_1 w176 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">3.<span class=\"__6 _342\"></span>756.<span class=\"__6 _342\"></span>786<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x276 y41f_1 w177 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls36_5 ws51_4\">5,5<span class=\"__6 _343\"></span>0%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y420_1 w178 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Drea<span class=\"__6 _342\"></span>mplug T<span class=\"__6 _335\"></span>echnologie<span class=\"__6 _342\"></span>s (Cred)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x277 y420_1 w124_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">202<span class=\"__6 _343\"></span>1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x278 y420_1 w179 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">65<span class=\"__6 _336\"></span>.546<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x279 y420_1 w17a h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2,<span class=\"__6 _335\"></span>11%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x235 y421_1 w17b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">V<span class=\"__6 _342\"></span>er Se Innov<span class=\"__6 _342\"></span>ation<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x274 y421_1 w175 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">201<span class=\"__6 _343\"></span>9<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x27a y421_1 w17c h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.<span class=\"__6 _342\"></span>144.<span class=\"__6 _342\"></span>790<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x23d y421_1 w17d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4,64%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y422_1 w17e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Dr<span class=\"__6 _343\"></span>ylock T<span class=\"__6 _335\"></span>echnologi<span class=\"__6 _336\"></span>es<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x27b y422_1 w175 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">201<span class=\"__6 _343\"></span>9<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x27c y422_1 w17f h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">169.<span class=\"__6 _342\"></span>7<span class=\"__6 _336\"></span>82.<span class=\"__6 _342\"></span>750<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x27d y422_1 w180 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">25,<span class=\"__6 _342\"></span>00%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x235 y423_1 w181 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Vint<span class=\"__6 _342\"></span>ed<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x27e y423_1 w133_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">2019<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x27f y423_1 w182 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">3.2<span class=\"__6 _342\"></span>60.082<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x280 y423_1 w183 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">3<span class=\"__6 _342\"></span>,36%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y424_1 w184 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1e_6 ws32_6\">Everd<span class=\"__6 _343\"></span>ro<span class=\"__6 _343\"></span>p<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x281 y424_1 w149 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">202<span class=\"__6 _343\"></span>2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x282 y424_1 w185 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5.<span class=\"__6 _342\"></span>669<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x283 y424_1 w186 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10,<span class=\"__6 _342\"></span>79%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x235 y425_1 w187 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Vivoba<span class=\"__6 _342\"></span>refoo<span class=\"__6 _342\"></span>t<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x284 y425_1 w152 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls35_5 ws10_6\">20<span class=\"__6 _343\"></span>24<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x285 y425_1 w188 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.498.<span class=\"__6 _342\"></span>118<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x286 y425_1 w189 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">14,69%<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c_1 n_1 x235 y426_1 w18a h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Z<span class=\"__6 _336\"></span>enCor<span class=\"__6 _342\"></span>e (Cayma<span class=\"__6 _342\"></span>n) (ZhenGe)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x287 y426_1 w18b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">2021<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x288 y426_1 w18c h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">6.438.33<span class=\"__6 _342\"></span>7<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x289 y426_1 w18d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">3,86%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y427_1 w18e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Fino<span class=\"__6 _336\"></span>va C<span class=\"__6 _342\"></span>apital<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x28a y427_1 w18f h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls35_5 ws10_6\">20<span class=\"__6 _343\"></span>24<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x28b y427_1 w190 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.424.<span class=\"__6 _335\"></span>100<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x28c y427_1 w191 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">6<span class=\"__6 _336\"></span>,86%<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y428_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Fitshit Hea<span class=\"__6 _336\"></span>lth Solution<span class=\"__6 _342\"></span>s (The Whole </td><td class=\"c_1 n_1 x28d y429_1 w146 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">202<span class=\"__6 _343\"></span>5<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x28e y429_1 w192 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">32.0<span class=\"__6 _336\"></span>72<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x28f y429_1 w102_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4,5<span class=\"__6 _342\"></span>1%<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y42a_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">T<span class=\"__6 _335\"></span>ruth)<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3eb_2 w193 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Gra<span class=\"__6 _342\"></span>nd Roun<span class=\"__6 _336\"></span>ds (Incl<span class=\"__6 _336\"></span>uded Health)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x290 y3eb_2 w156 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">2018<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x291 y3eb_2 w194 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">11.358.<span class=\"__6 _342\"></span>956<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x292 y3eb_2 w195 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1,81%<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3ec_2 w196 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Gra<span class=\"__6 _342\"></span>sper Global (Skillmati<span class=\"__6 _342\"></span>cs)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x293 y3ec_2 w139 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">202<span class=\"__6 _343\"></span>2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x294 y3ec_2 w197 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">3<span class=\"__6 _342\"></span>79<span class=\"__6 _342\"></span>.<span class=\"__6 _342\"></span>198<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x295 y3ec_2 w198 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10,34%<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3ed_2 w199 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Green Agr<span class=\"__6 _342\"></span>evoluti<span class=\"__6 _342\"></span>on (DeHaat)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x277 y3ed_2 w124_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">202<span class=\"__6 _343\"></span>1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x296 y3ed_2 w19a h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">47<span class=\"__6 _342\"></span>9.611<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x297 y3ed_2 w171 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">11,81%<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3ee_2 w105_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Green E Origin (Gr<span class=\"__6 _342\"></span>een Energy Origin)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x298 y3ee_2 w19b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">20<span class=\"__6 _343\"></span>23<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x299 y3ee_2 w19c h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">58<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>.008<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x29a y3ee_2 w19d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">31,<span class=\"__6 _336\"></span>64%<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3ef_2 w19e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Hect<span class=\"__6 _342\"></span>or Bever<span class=\"__6 _342\"></span>ages<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x29b y3ef_2 w19f h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">201<span class=\"__6 _343\"></span>5<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x29c y3ef_2 w1a0 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">3.<span class=\"__6 _342\"></span>576<span class=\"__6 _342\"></span>.234<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x29d y3ef_2 w1a1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">17<span class=\"__6 _335\"></span>,<span class=\"__6 _336\"></span>79%<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y42b_1 w1a2 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">K12 T<span class=\"__6 _335\"></span>echn<span class=\"__6 _342\"></span>o Ser<span class=\"__6 _343\"></span>vices<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x29e y42b_1 w13e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">2020<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x29f y42b_1 w1a3 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">3<span class=\"__6 _336\"></span>.0<span class=\"__6 _342\"></span>24.<span class=\"__6 _336\"></span>360<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2a0 y42b_1 w1a4 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">14,80%<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f1_2 w1a5 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Lanc<span class=\"__6 _336\"></span>elot UK H<span class=\"__6 _336\"></span>oldCo (E<span class=\"__6 _342\"></span>G Soft<span class=\"__6 _343\"></span>war<span class=\"__6 _342\"></span>e)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2a1 y3f1_2 w1a6 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls35_5 ws10_6\">2024<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2a2 y3f1_2 w1a7 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">41.914.<span class=\"__6 _342\"></span>362<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2a3 y3f1_2 w1a8 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">15,2<span class=\"__6 _342\"></span>4%<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f2_2 w1a9 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">M.Chapouti<span class=\"__6 _342\"></span>er<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2a4 y3f2_2 w1aa h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls30_6 ws46_4\">20<span class=\"__6 _343\"></span>07<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2a5 y3f2_2 w1ab h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls37_5 ws52_4\">3<span class=\"__6 _2f_4\"></span>.1<span class=\"__6 _2f_4\"></span>2<span class=\"__6 _343\"></span>4<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2a6 y3f2_2 w1ac h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">14,20%<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f3_2 w1ad h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">MedGenome<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2a7 y3f3_2 w1ae h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">201<span class=\"__6 _343\"></span>7<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2a8 y3f3_2 w1af h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">8.890.2<span class=\"__6 _342\"></span>81<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2a9 y3f3_2 w1b0 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">16,68%<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f4_2 w1b1 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Mistr<span class=\"__6 _342\"></span>al AI<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2aa y3f4_2 w143 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">2023<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2ab y3f4_2 w1b2 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.09<span class=\"__6 _342\"></span>7<span class=\"__6 _335\"></span>.282<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2ac y3f4_2 w1b3 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">0,31<span class=\"__6 _343\"></span>%<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f5_2 w1b4 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">MNH (M\u00e9ri<span class=\"__6 _342\"></span>eux NutriSciences)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2ad y3f5_2 w1b5 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">201<span class=\"__6 _343\"></span>4<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2ae y3f5_2 w1b6 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">89<span class=\"__6 _342\"></span>.467<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2af y3f5_2 w1b7 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">15,50%<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f6_2 w1b8 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Moody E-Comm<span class=\"__6 _342\"></span>erce Gro<span class=\"__6 _336\"></span>up<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x277 y3f6_2 w124_1 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">202<span class=\"__6 _343\"></span>1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2b0 y3f6_2 w1b9 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">95.610<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2b1 y3f6_2 w1ba h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10<span class=\"__6 _342\"></span>,66%<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f7_2 w1bb h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Nuxe In<span class=\"__6 _342\"></span>terna<span class=\"__6 _336\"></span>tiona<span class=\"__6 _336\"></span>l<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x25f y3f7_2 w15e h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">201<span class=\"__6 _343\"></span>9<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2b2 y3f7_2 w1bc h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">193<span class=\"__6 _336\"></span>.261.<span class=\"__6 _335\"></span>167<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2b3 y3f7_2 w1bd h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">49,<span class=\"__6 _342\"></span>00%<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f8_2 w1be h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Oviva<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2b4 y3f8_2 w1bf h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">2021<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2b5 y3f8_2 w1c0 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">108.<span class=\"__6 _342\"></span>734<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2b6 y3f8_2 w1c1 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10,89%<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f9_2 w1c2 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">P<span class=\"__6 _342\"></span>etkit T<span class=\"__6 _335\"></span>echnology<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2b7 y3f9_2 w18b h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">2021<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2b8 y3f9_2 w1c3 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _342\"></span>7<span class=\"__6 _335\"></span>46.355<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2b9 y3f9_2 w1c4 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5,06%<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3fa_2 w10d_1 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Qa<span class=\"__6 _342\"></span>rgo T<span class=\"__6 _335\"></span>ech<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2ba y3fa_2 w146 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">202<span class=\"__6 _343\"></span>5<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2bb y3fa_2 w1c5 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls2e_6 ws44_4\">387<span class=\"__6 _342\"></span>.0<span class=\"__6 _343\"></span>23<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2bc y3fa_2 w10e_1 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">15,<span class=\"__6 _335\"></span>14%<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w10b_1 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Pr<span class=\"__6 _342\"></span>oeduca Altu<span class=\"__6 _336\"></span>s<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2bd y398_2 w146 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">202<span class=\"__6 _343\"></span>5<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2be y398_2 w1c6 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">7<span class=\"__6 _335\"></span>.77<span class=\"__6 _342\"></span>8.588<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2bf y398_2 w1c7 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">17<span class=\"__6 _335\"></span>,22%<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td></tr></table></div><div class=\"t_6 m0_6 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs53\">1 <span class=\"__6 _346\"> </span>P<span class=\"__6 _342\"></span>our une d\u00e9finition des niv<span class=\"__6 _342\"></span>eaux, voir point 2.<span class=\"__6 _342\"></span>3 ci-dessous.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m16 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 lsb_6 ws1d_6 gs64\">L<span class=\"__6 _342\"></span>es principale<span class=\"__6 _342\"></span>s participation<span class=\"__6 _342\"></span>s de Sofina Direc<span class=\"__6 _342\"></span>t du niveau 2 et d<span class=\"__6 _336\"></span>u niveau 3</div><div class=\"t_6 m17 h13_6 ff2_6 fsb_6 fc1_6 sc0_6 ls2_6 ws50_4 gs65\"> 1</div><div class=\"t_6 m16 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 lsb_6 ws1d_6 gs66\"> (dont l<span class=\"__6 _342\"></span>a just<span class=\"__6 _342\"></span>e </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws55_4 gs67\">va<span class=\"__6 _336\"></span>leur e<span class=\"__6 _336\"></span>xc<span class=\"__6 _342\"></span>\u00e8de 10 millions EUR) d\u00e9t<span class=\"__6 _342\"></span>enues par l\u2019in<span class=\"__6 _342\"></span>term\u00e9di<span class=\"__6 _336\"></span>aire d\u2019un (o<span class=\"__6 _342\"></span>u plusieur<span class=\"__6 _342\"></span>s) v\u00e9hicule(s) de </div><div class=\"t_6 m1_6 h3_6 ff3_6 fs1_6 fc1_6 sc0_6 ls1_6 ws2_6 gs68\">syndi<span class=\"__6 _336\"></span>cati<span class=\"__6 _342\"></span>on r<span class=\"__6 _342\"></span>assembla<span class=\"__6 _342\"></span>nt <span class=\"__6 _342\"></span>une <span class=\"__6 _342\"></span>partie <span class=\"__6 _342\"></span>de l\u2019<span class=\"__6 _335\"></span>actionnari<span class=\"__6 _342\"></span>at <span class=\"__6 _342\"></span>au <span class=\"__6 _336\"></span>31 <span class=\"__6 _342\"></span>d\u00e9cembr<span class=\"__6 _342\"></span>e 2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>5 s<span class=\"__6 _336\"></span>ont <span class=\"__6 _342\"></span>les <span class=\"__6 _342\"></span>suivan<span class=\"__6 _342\"></span>tes<span class=\"__6 gs2c\"> </span><span class=\"__6 _342\"></span>: </div><div class=\"gs6b\"><table class=\"s_1 w1c8 h2c_2\" id=\"_69d4bc41-e3ed-4040-847e-d94377703975\"><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x2c0 hc_6 y42d_1 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">DRO<span class=\"__6 _336\"></span>ITS S<span class=\"__6 _336\"></span>OCI<span class=\"__6 _336\"></span>AUX D<span class=\"__6 _342\"></span>\u00c9TENUS<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x2c1 hc_6 y42e_1 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">INT\u00c9R<span class=\"__6 _336\"></span>\u00caT </td></tr><tr><td></td><td class=\"c_1 x2c2 y42f_1 w1c9 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">ANN\u00c9E DU 1</div><div class=\"t_6 m0_6 x216 h12_6 y3bb_2 ff4_6 fsa_6 fc2_6 sc0_6 ls33_6 ws4e_4\">ER<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"t_6 m0_6 x2c3 hc_6 y430_1 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">% DE </td><td class=\"t_6 m0_6 x2c4 hc_6 y431_1 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">\u00c9CONOMIQUE </td></tr><tr><td></td><td class=\"t_6 m0_6 x2c5 hc_6 y432_1 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">INVE<span class=\"__6 _342\"></span>STIS<span class=\"__6 _336\"></span>SEM<span class=\"__6 _336\"></span>ENT<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 x2c6 hc_6 y433_1 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">P<span class=\"__6 _342\"></span>ARTICIP<span class=\"__6 _342\"></span>A<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>ION </td><td class=\"t_6 m0_6 x2c7 hc_6 y434_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">ES<span class=\"__6 _342\"></span>T<span class=\"__6 _343\"></span>IM\u00c9 DANS LA </td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x2c8 hc_6 y435_1 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">NOMBRE DE </td><td class=\"t_6 m0_6 x2c9 hc_6 y436_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2c_6 ws56_4\">DAN<span class=\"__6 _343\"></span>S<span class=\"__6 _343\"></span> L<span class=\"__6 _343\"></span>E<span class=\"__6 _343\"></span> </td><td class=\"t_6 m0_6 x2ca hc_6 y437_1 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">P<span class=\"__6 _342\"></span>ARTICIP<span class=\"__6 _342\"></span>A<span class=\"__6 _335\"></span>T<span class=\"__6 _343\"></span>ION </td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x150_1 hc_6 y438_1 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">TITRE<span class=\"__6 _342\"></span>S<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x2cb hc_6 y439_1 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">V\u00c9HICULE </td><td class=\"t_6 m0_6 x245 hc_6 y43a_1 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">SO<span class=\"__6 _342\"></span>US-JA<span class=\"__6 _342\"></span>CENTE<span class=\"__6 _336\"></span> </td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x2c6 hc_6 y43b_1 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws57_4\">INT<span class=\"__6 _343\"></span>ERM\u00c9DIAIR<span class=\"__6 _343\"></span>E<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y43c_1 w1ca h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Aevum Inv<span class=\"__6 _342\"></span>estmen<span class=\"__6 _342\"></span>ts (Xinyu)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2cc y43c_1 w1cb h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">201<span class=\"__6 _343\"></span>8<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2cd y43c_1 w11c_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2ce y43c_1 w1cc h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">100,00%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2cf y43c_1 w1cd h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4,90%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y43d_1 w1ce h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">BA-K<span class=\"__6 _342\"></span>1 (T<span class=\"__6 _335\"></span>oo Good T<span class=\"__6 _335\"></span>o Go)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2d0 y43d_1 w143 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">2023<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2d1 y43d_1 w1cf h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.667<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2d2 y43d_1 w1d0 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">89<span class=\"__6 _342\"></span>,24%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2d3 y43d_1 w1d1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1,6<span class=\"__6 _342\"></span>7%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y43e_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Ergon op<span class=\"__6 _342\"></span>seo Lon<span class=\"__6 _342\"></span>g T<span class=\"__6 _335\"></span>erm </td><td class=\"c_1 n_1 x2d4 y43f_1 w15e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">201<span class=\"__6 _343\"></span>9<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2d5 y43f_1 w11c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2d6 y43f_1 w1d2 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">8,82%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2d7 y43f_1 w1d3 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">7<span class=\"__6 _335\"></span>,28%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y440_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">V<span class=\"__6 _342\"></span>alue F<span class=\"__6 _342\"></span>und (opseo)<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y441_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">FN<span class=\"__6 _336\"></span>OF Cha<span class=\"__6 _342\"></span>mp Cit<span class=\"__6 _343\"></span>y (Zhuoyu </td><td class=\"c_1 n_1 x2d8 y442_1 w146 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">202<span class=\"__6 _343\"></span>5</div></td><td class=\"c_1 n_1 x2d9 y442_1 w1d4 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.2<span class=\"__6 _342\"></span>75.0<span class=\"__6 _342\"></span>73<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2da y442_1 w1d5 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2b_6 ws41_4\">4<span class=\"__6 _2f_4\"></span>0<span class=\"__6 _343\"></span>,73<span class=\"__6 _343\"></span>%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2db y442_1 w1d6 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1,28%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y443_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">T<span class=\"__6 _335\"></span>echnology)<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y444_1 w1d7 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">HS<span class=\"__6 _342\"></span>G Alliance D<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2dc y444_1 w18f h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls35_5 ws10_6\">20<span class=\"__6 _343\"></span>24<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2dd y444_1 w11c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2de y444_1 w1d8 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">63,49%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2df y444_1 w1d9 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2,38%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y446_1 w1da h2d_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y445_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">HS<span class=\"__6 _342\"></span>G Co-Inves<span class=\"__6 _336\"></span>tmen<span class=\"__6 _336\"></span>t 2<span class=\"__6 _342\"></span>016-<span class=\"__6 _341\"> </span></div><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">A (ByteDa<span class=\"__6 _342\"></span>nce)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2d4 y447_1 w15e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">201<span class=\"__6 _343\"></span>6<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2d5 y447_1 w11c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2e0 y447_1 w2c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">41,<span class=\"__6 _336\"></span>67%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2e1 y447_1 w1db h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls37_5 ws52_4\">0<span class=\"__6 _343\"></span>,1<span class=\"__6 _2f_4\"></span>8<span class=\"__6 _a_5\"></span>%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y448_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Iconiq S<span class=\"__6 _342\"></span>trat<span class=\"__6 _342\"></span>egic P<span class=\"__6 _342\"></span>artners III<span class=\"__6 _336\"></span> </td><td class=\"c_1 n_1 x2d4 y449_1 w156 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">2018<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2e2 y449_1 w11c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2e3 y449_1 w1dc h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">7<span class=\"__6 _342\"></span>,<span class=\"__6 _335\"></span>15%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2e4 y449_1 w1dd h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0,2<span class=\"__6 _342\"></span>6%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y44a_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Co-Inv<span class=\"__6 _336\"></span>est (Serie<span class=\"__6 _342\"></span>s RV)<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y44b_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">K<span class=\"__6 _342\"></span>edaara N<span class=\"__6 _342\"></span>or<span class=\"__6 _343\"></span>folk Holdin<span class=\"__6 _336\"></span>gs </td><td class=\"c_1 n_1 x2d4 y44c_1 w15e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">201<span class=\"__6 _343\"></span>9</div></td><td class=\"c_1 n_1 x2e5 y44c_1 w1de h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5.<span class=\"__6 _335\"></span>177<span class=\"__6 _342\"></span>.56<span class=\"__6 _342\"></span>7<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2e6 y44c_1 w1df h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">50,<span class=\"__6 _342\"></span>00%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2e7 y44c_1 w1e0 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0,30%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y44d_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">(L<span class=\"__6 _342\"></span>enska<span class=\"__6 _342\"></span>r<span class=\"__6 _343\"></span>t)<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y44e_1 w1e1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">L<span class=\"__6 _342\"></span>ernen Midco 1 (Cognita)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2e8 y44e_1 w15e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">201<span class=\"__6 _343\"></span>9</div></td><td class=\"c_1 n_1 x2e9 y44e_1 w1e2 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">30<span class=\"__6 _336\"></span>7<span class=\"__6 _335\"></span>.926<span class=\"__6 _342\"></span>.43<span class=\"__6 _342\"></span>7<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2ea y44e_1 w1e3 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1<span class=\"__6 _342\"></span>8,96%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2eb y44e_1 w1e4 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">13,4<span class=\"__6 _342\"></span>1%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y44f_1 w1e5 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">M.M.C. (Chapouti<span class=\"__6 _342\"></span>er)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2ec y44f_1 w120_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2<span class=\"__6 _342\"></span>009<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2ed y44f_1 w1e6 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">15.256<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2ee y44f_1 w1e7 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">19<span class=\"__6 _342\"></span>,83%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2ef y44f_1 w1e8 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">15,33%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y450_1 w1e9 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">MxBee (BioFir<span class=\"__6 _342\"></span>st)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2f0 y450_1 w149 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">202<span class=\"__6 _343\"></span>2</div></td><td class=\"c_1 n_1 x2f1 y450_1 w1ea h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">7<span class=\"__6 _342\"></span>.8<span class=\"__6 _343\"></span>20.093<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2f2 y450_1 w1eb h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2<span class=\"__6 _336\"></span>6,<span class=\"__6 _342\"></span>64%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2f3 y450_1 w1ec h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1,48%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y451_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">P<span class=\"__6 _342\"></span>eak XV P<span class=\"__6 _342\"></span>artners P<span class=\"__6 _342\"></span>H </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y452_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Inves<span class=\"__6 _342\"></span>tment Holdings<span class=\"__6 _342\"></span> </td><td class=\"c_1 n_1 x2d8 y453_1 w146 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">202<span class=\"__6 _343\"></span>5</div></td><td class=\"c_1 n_1 x2f4 y453_1 w1ed h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">18.0<span class=\"__6 _342\"></span>32.<span class=\"__6 _342\"></span>142<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2f5 y453_1 w10a_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">32,<span class=\"__6 _342\"></span>14%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2f6 y453_1 w1ee h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1,48%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y454_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">(P<span class=\"__6 _342\"></span>ostHog)<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w1ef h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>A Action Holdin<span class=\"__6 _342\"></span>gs (ACT)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2f7 y398_2 w15e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">201<span class=\"__6 _343\"></span>6</div></td><td class=\"c_1 n_1 x2f8 y398_2 w1f0 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">19<span class=\"__6 _342\"></span>.304.05<span class=\"__6 _342\"></span>7<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2f9 y398_2 w1f1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">44,44%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x2fa y398_2 w58_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">3,65%<span class=\"__6 _341\"> </span></div></td></tr></table></div><div class=\"t_6 m18 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls3a_4 wsb_6 gs6c\">L<span class=\"__6 _342\"></span>es principaux Ge<span class=\"__6 _342\"></span>stionnair<span class=\"__6 _342\"></span>es qui g\u00e8ren<span class=\"__6 _342\"></span>t pour notr<span class=\"__6 _342\"></span>e compt<span class=\"__6 _342\"></span>e des fon<span class=\"__6 _336\"></span>ds d\u2019inve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>t, </div><div class=\"t_6 m19 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls3b_4 ws13_6 gs6d\">dont<span class=\"__6 _336\"></span> la va<span class=\"__6 _342\"></span>leur ex<span class=\"__6 _342\"></span>c\u00e8de individuellem<span class=\"__6 _342\"></span>ent 10 million<span class=\"__6 _342\"></span>s EUR au 31 d\u00e9c<span class=\"__6 _342\"></span>embre 2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>5 sont Acc<span class=\"__6 _342\"></span>el, </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws58_4 gs6e\">Andr<span class=\"__6 _342\"></span>eessen &amp; Hor<span class=\"__6 _342\"></span>owitz, Archipel<span class=\"__6 _342\"></span>ago, Ar<span class=\"__6 _342\"></span>es, Ascenden<span class=\"__6 _342\"></span>t, Atlan<span class=\"__6 _342\"></span>tic Labs<span class=\"__6 _342\"></span>, Atomico<span class=\"__6 _342\"></span>, Bain, Ba<span class=\"__6 _342\"></span>ttery,<span class=\"__6 _342\"></span> </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws59_4 gs6f\">Bes<span class=\"__6 _342\"></span>semer<span class=\"__6 _342\"></span>, Bling, Blo<span class=\"__6 _342\"></span>ssom, Bond, Chryscapita<span class=\"__6 _342\"></span>l, Draper Fish<span class=\"__6 _342\"></span>er Jur<span class=\"__6 _343\"></span>vetson, D<span class=\"__6 _336\"></span>S<span class=\"__6 _336\"></span>T<span class=\"__6 _344\"></span>, Felix, F<span class=\"__6 _342\"></span>orma<span class=\"__6 _342\"></span>tion </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws22_6 gs70\">8, F<span class=\"__6 _342\"></span>ounders F<span class=\"__6 _342\"></span>und, F<span class=\"__6 _342\"></span>oundry<span class=\"__6 _336\"></span>, Fr<span class=\"__6 _342\"></span>ancisc<span class=\"__6 _342\"></span>o, Gener<span class=\"__6 _342\"></span>al Atlan<span class=\"__6 _342\"></span>tic, Genera<span class=\"__6 _342\"></span>l Cat<span class=\"__6 _336\"></span>alys<span class=\"__6 _342\"></span>t, Genesis, High<span class=\"__6 _342\"></span>land, </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws5a_4 gs71\">HongSh<span class=\"__6 _336\"></span>an, Ic<span class=\"__6 _336\"></span>oniq, In<span class=\"__6 _336\"></span>sight, In<span class=\"__6 _342\"></span>stitution<span class=\"__6 _342\"></span>al V<span class=\"__6 _342\"></span>entu<span class=\"__6 _342\"></span>re P<span class=\"__6 _342\"></span>artners<span class=\"__6 _342\"></span>, InvAscent, K<span class=\"__6 _342\"></span>edaa<span class=\"__6 _336\"></span>ra, Klein<span class=\"__6 _336\"></span>er P<span class=\"__6 _342\"></span>erkins<span class=\"__6 _336\"></span>, </div><div class=\"t_6 m1a h2_6 ff2_6 fs1_6 fc1_6 sc0_6 lsb_6 ws13_6 gs72\">Light<span class=\"__6 _342\"></span>speed, Lux C<span class=\"__6 _336\"></span>apita<span class=\"__6 _342\"></span>l, L<span class=\"__6 _342\"></span>y<span class=\"__6 _343\"></span>fe, Multiple<span class=\"__6 _342\"></span>s, New En<span class=\"__6 _342\"></span>terprise As<span class=\"__6 _336\"></span>socia<span class=\"__6 _342\"></span>tes, Northzon<span class=\"__6 _342\"></span>e, Open<span class=\"__6 _342\"></span>View<span class=\"__6 _342\"></span>, </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws5b_4 gs73\">P<span class=\"__6 _342\"></span>eak XV, P<span class=\"__6 _336\"></span>hoenix Co<span class=\"__6 _342\"></span>ur<span class=\"__6 _343\"></span>t, P<span class=\"__6 _342\"></span>olychain, R<span class=\"__6 _342\"></span>edpoin<span class=\"__6 _342\"></span>t, Ribbit, Sequoia, Singula<span class=\"__6 _342\"></span>r<span class=\"__6 _342\"></span>, Source C<span class=\"__6 _342\"></span>ode, Spa<span class=\"__6 _342\"></span>rk, </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs74\">Summit, T<span class=\"__6 _335\"></span>A Associ<span class=\"__6 _336\"></span>at<span class=\"__6 _342\"></span>es, Thoma B<span class=\"__6 _342\"></span>rav<span class=\"__6 _342\"></span>o, Thrive<span class=\"__6 _342\"></span>, Tiger Global, T<span class=\"__6 _335\"></span>rustbri<span class=\"__6 _336\"></span>dge et V<span class=\"__6 _335\"></span>enrock<span class=\"__6 _341\"> </span></div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs53\">1 <span class=\"__6 _346\"> </span>P<span class=\"__6 _342\"></span>our une d\u00e9finition des niv<span class=\"__6 _342\"></span>eaux, voir point 2.<span class=\"__6 _342\"></span>3 ci-dessous.</div>3.<span class=\"__7 _355\"></span>3 D\u00c9P<span class=\"__7 _355\"></span>\u00d4<span class=\"__7 _355\"></span>TS ET AUTR<span class=\"__7 _355\"></span>ES A<span class=\"__7 _361\"></span>CTIF<span class=\"__7 _361\"></span>S FINA<span class=\"__7 _355\"></span>NC<span class=\"__7 _355\"></span>IER<span class=\"__7 _355\"></span>S COU<span class=\"__7 _355\"></span>RANTS<span class=\"__7 _357\"> </span><table class=\"s_2 w6f_2 h22_5\" id=\"_1a2290d7-a5d4-4aaf-bd75-4b1cf7f61e0a\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y386_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x143_2 y387_3 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x144_2 y387_3 w3_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y35d_3 w88_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">D\u00e9p\u00f4t<span class=\"__7 _355\"></span>s</div><div class=\"t_7 m2_7 x145_2 hf_7 y36c_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x146_2 y35d_3 w19_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x147_2 y35d_3 w89_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">75.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35e_3 w8a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Pla<span class=\"__7 _355\"></span>cements de tr<span class=\"__7 _355\"></span>\u00e9sor<span class=\"__7 _355\"></span>erie<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x148_2 y35e_3 w8b_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.398.6<span class=\"__7 _355\"></span>72<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x149_2 y35e_3 w8c_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">45<span class=\"__7 _355\"></span>1.925<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y388_4 w8d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls22_7 ws1e_7\">Autres<span class=\"__7 _359\"></span> cr\u00e9ances<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14a_2 y388_4 w8e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.366<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14b_2 y388_4 w8f_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">3.5<span class=\"__7 _359\"></span>44<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w90_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">D\u00e9p\u00f4ts e<span class=\"__7 _355\"></span>t autres a<span class=\"__7 _355\"></span>ctifs financier<span class=\"__7 _355\"></span>s coura<span class=\"__7 _355\"></span>nts<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14c_2 y35f_3 w91_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">1.408.0<span class=\"__7 _355\"></span>38<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14d_2 y35f_3 w92_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">5<span class=\"__7 _355\"></span>30.469<span class=\"__7 _357\"> </span></div></td></tr></table>L<span class=\"__7 _355\"></span>es plac<span class=\"__7 _355\"></span>ements de tr<span class=\"__7 _355\"></span>\u00e9sor<span class=\"__7 _355\"></span>erie son<span class=\"__7 _355\"></span>t \u00e9va<span class=\"__7 _355\"></span>lu\u00e9s \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r par le biai<span class=\"__7 _355\"></span>s du comp<span class=\"__7 _355\"></span>te de r\u00e9<span class=\"__7 _355\"></span>sultats<span class=\"__7 _355\"></span>.1 <span class=\"__7 _365\"> </span> D\u00e9p\u00f4ts \u00e0 lon<span class=\"__7 _355\"></span>g terme av<span class=\"__7 _355\"></span>ec un pr\u00e9avi<span class=\"__7 _355\"></span>s de 32 jours.3.<span class=\"__7 _358\"></span>12 R\u00c9<span class=\"__7 _355\"></span>SUL<span class=\"__7 _358\"></span>T<span class=\"__7 _c7\"></span>A<span class=\"__7 _c7\"></span>T NET DU PO<span class=\"__7 _355\"></span>RTEF<span class=\"__7 _355\"></span>EUIL<span class=\"__7 _355\"></span>LE D<span class=\"__7 _355\"></span>\u2019INV<span class=\"__7 _355\"></span>ES<span class=\"__7 _355\"></span>TIS<span class=\"__7 _355\"></span>SEME<span class=\"__7 _355\"></span>NT<span class=\"__7 _358\"></span> L<span class=\"__7 _355\"></span>es plu<span class=\"__7 _355\"></span>s-value<span class=\"__7 _355\"></span>s r\u00e9ali<span class=\"__7 _355\"></span>s\u00e9es sur les inv<span class=\"__7 _355\"></span>estissem<span class=\"__7 _355\"></span>ents pr<span class=\"__7 _355\"></span>ovienn<span class=\"__7 _355\"></span>ent principa<span class=\"__7 _355\"></span>lement de la c<span class=\"__7 _355\"></span>ession de participa<span class=\"__7 _355\"></span>tions d<span class=\"__7 _355\"></span>ans un<span class=\"__7 _355\"></span>e soci\u00e9t\u00e9 a<span class=\"__7 _355\"></span>ctive da<span class=\"__7 _355\"></span>ns le domaine de l<span class=\"__7 _355\"></span>a pr\u00e9v<span class=\"__7 _355\"></span>ention ac<span class=\"__7 _355\"></span>tive des ris<span class=\"__7 _355\"></span>ques de san<span class=\"__7 _355\"></span>t\u00e9.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es moin<span class=\"__7 _355\"></span>s-val<span class=\"__7 _355\"></span>ues r\u00e9a<span class=\"__7 _355\"></span>lis\u00e9es su<span class=\"__7 _355\"></span>r les inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>ts pro<span class=\"__7 _355\"></span>viennen<span class=\"__7 _355\"></span>t principalem<span class=\"__7 _355\"></span>ent de la ce<span class=\"__7 _355\"></span>ssion de participa<span class=\"__7 _355\"></span>tions d<span class=\"__7 _355\"></span>ans un<span class=\"__7 _355\"></span>e soci\u00e9t<span class=\"__7 _355\"></span>\u00e9 active da<span class=\"__7 _355\"></span>ns la ge<span class=\"__7 _355\"></span>stion d\u2019<span class=\"__7 _361\"></span>actifs.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es plu<span class=\"__7 _355\"></span>s-value<span class=\"__7 _355\"></span>s lat<span class=\"__7 _355\"></span>ent<span class=\"__7 _355\"></span>es sur les inv<span class=\"__7 _355\"></span>estiss<span class=\"__7 _355\"></span>ements pr<span class=\"__7 _355\"></span>ovi<span class=\"__7 _355\"></span>ennent prin<span class=\"__7 _355\"></span>cipalemen<span class=\"__7 _355\"></span>t d\u2019inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>ts dan<span class=\"__7 _355\"></span>s des soci\u00e9<span class=\"__7 _355\"></span>t\u00e9s ac<span class=\"__7 _355\"></span>tives da<span class=\"__7 _355\"></span>ns les dom<span class=\"__7 _355\"></span>aines de l\u2019<span class=\"__7 _358\"></span>\u00e9duca<span class=\"__7 _355\"></span>tion, des pr<span class=\"__7 _355\"></span>oduits d\u2019hygi<span class=\"__7 _355\"></span>\u00e8ne person<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>nelle et de l<span class=\"__7 _355\"></span>a pr\u00e9v<span class=\"__7 _355\"></span>ention a<span class=\"__7 _355\"></span>ctive des ri<span class=\"__7 _355\"></span>sques de san<span class=\"__7 _355\"></span>t\u00e9, de<span class=\"__7 _355\"></span>s solution<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _355\"></span>acc\u00e8<span class=\"__7 _355\"></span>s \u00e9lectr<span class=\"__7 _355\"></span>onique, ain<span class=\"__7 _355\"></span>si que de nos fili<span class=\"__7 _355\"></span>ales (Sofin<span class=\"__7 _355\"></span>a Invest e<span class=\"__7 _355\"></span>t Sofina L<span class=\"__7 _355\"></span>ondon).<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es moin<span class=\"__7 _355\"></span>s-va<span class=\"__7 _355\"></span>lues la<span class=\"__7 _355\"></span>tent<span class=\"__7 _355\"></span>es sur les inv<span class=\"__7 _355\"></span>estis<span class=\"__7 _355\"></span>sement<span class=\"__7 _355\"></span>s concernen<span class=\"__7 _355\"></span>t principalem<span class=\"__7 _355\"></span>ent no<span class=\"__7 _355\"></span>s participa<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>tion<span class=\"__7 _355\"></span>s dans n<span class=\"__7 _355\"></span>os filiale<span class=\"__7 _355\"></span>s (Sofina C<span class=\"__7 _355\"></span>apital, So<span class=\"__7 _355\"></span>fina V<span class=\"__7 _355\"></span>ent<span class=\"__7 _355\"></span>ure<span class=\"__7 _355\"></span>s, Sofina U<span class=\"__7 _355\"></span>S, Sofin<span class=\"__7 _355\"></span>a Asia) ainsi que d<span class=\"__7 _355\"></span>ans des soci<span class=\"__7 _355\"></span>\u00e9t\u00e9s ac<span class=\"__7 _355\"></span>tives da<span class=\"__7 _355\"></span>ns la pr<span class=\"__7 _355\"></span>ot<span class=\"__7 _355\"></span>ection biologi<span class=\"__7 _355\"></span>que des cultur<span class=\"__7 _355\"></span>es et d<span class=\"__7 _355\"></span>ans l\u2019<span class=\"__7 _358\"></span>\u00e9duca<span class=\"__7 _355\"></span>tion en ligne<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span><table class=\"s_2 w19f_1 h35_2\" id=\"_c1266c0a-d2e3-4d1f-8411-fabf9df3adf7\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y3fc_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x22a_1 y3fd_3 w17c_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x22b_1 y3fd_3 w17d_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h5_7 y3fe_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">P<span class=\"__7 _355\"></span>articipation<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ff_3 w1a0_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9<span class=\"__7 _355\"></span>sultats r<span class=\"__7 _355\"></span>\u00e9alis\u00e9<span class=\"__7 _355\"></span>s sur cession<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x247_1 y3ff_3 w1a1_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-13<span class=\"__7 _355\"></span>.<span class=\"__7 _355\"></span>782<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x248_1 y3ff_3 w1a2_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">198.386<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y400_3 w1a3_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls3c_5 ws68_4\">Plu<span class=\"__7 _355\"></span>s-values<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x249_1 y400_3 w1a4_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">15.80<span class=\"__7 _355\"></span>3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x24a_1 y400_3 w1a5_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>40.454<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x24b_1 he_7 y401_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Moins-v<span class=\"__7 _355\"></span>alues<span class=\"__7 _357\"> </span></td><td class=\"c_2 n_2 x224_1 y402_3 w1a6_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls29_7 ws4c_5\">-<span class=\"__7 _359\"></span>29.5<span class=\"__7 _359\"></span>8<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x24c_1 y402_3 w1a7_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-42.068<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y403_3 w1a8_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9<span class=\"__7 _355\"></span>sultats n<span class=\"__7 _355\"></span>on r\u00e9alis<span class=\"__7 _355\"></span>\u00e9s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x24d_1 y403_3 w1a9_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">61.3<span class=\"__7 _355\"></span>14<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x24e_1 y403_3 w1aa_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">15<span class=\"__7 _355\"></span>1.965<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y404_3 w1a3_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls3c_5 ws68_4\">Plu<span class=\"__7 _355\"></span>s-values<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x24f_1 y404_3 w1ab_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">303<span class=\"__7 _355\"></span>.42<span class=\"__7 _355\"></span>3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x250_1 y404_3 w1ac_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">434.32<span class=\"__7 _361\"></span>9<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y405_3 w1ad_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Moins-v<span class=\"__7 _355\"></span>alues<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x251_1 y405_3 w1ae_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>42.<span class=\"__7 _355\"></span>109<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x252_1 y405_3 w1af_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>82.364<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y406_3 w1b0_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>otal de<span class=\"__7 _355\"></span>s participations<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x253_1 y406_3 w1b1_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls1c_7 ws21_7\">4<span class=\"__7 _356\"></span>7.<span class=\"__7 _356\"></span>5<span class=\"__7 _356\"></span>3<span class=\"__7 _359\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x254_1 y406_3 w1b2_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">350.<span class=\"__7 _355\"></span>351<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h5_7 y407_3 ff2_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">Cr<span class=\"__7 _355\"></span>\u00e9<span class=\"__7 _359\"></span>ances </td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y408_3 w1a0_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9<span class=\"__7 _355\"></span>sultats r<span class=\"__7 _355\"></span>\u00e9alis\u00e9<span class=\"__7 _355\"></span>s sur cession<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x255_1 y408_3 w19_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x256_1 y408_3 w1b3_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.215<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y409_3 w1a3_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls3c_5 ws68_4\">Plu<span class=\"__7 _355\"></span>s-values<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x257_1 y409_3 w19_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0</div></td><td class=\"c_2 n_2 x258_1 y40b_3 w1b4_1 h36_2\"><div class=\"t_7 m2_7 x80_5 he_7 y40a_3 ffc_1 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>1.2<span class=\"__7 _355\"></span>15\ue064\ue064\ue064<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y40c_3 w1ad_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Moins-v<span class=\"__7 _355\"></span>alues<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x257_1 y40c_3 w19_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x259_1 y40c_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y40d_3 w1a8_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9<span class=\"__7 _355\"></span>sultats n<span class=\"__7 _355\"></span>on r\u00e9alis<span class=\"__7 _355\"></span>\u00e9s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x25a_1 y40d_3 w1b_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.956<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x25b_1 y40d_3 w1b5_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">4<span class=\"__7 _359\"></span>.7<span class=\"__7 _359\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y40e_3 w1a3_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls3c_5 ws68_4\">Plu<span class=\"__7 _355\"></span>s-values<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x25c_1 y40e_3 w1b6_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.956<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x25d_1 y40e_3 w1b7_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2e_7 ws52_5\">4<span class=\"__7 _359\"></span>.7<span class=\"__7 _359\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y40f_3 w1ad_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Moins-v<span class=\"__7 _355\"></span>alues<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x257_1 y40f_3 w19_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x259_1 y40f_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y410_3 w1b8_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>otal de<span class=\"__7 _355\"></span>s cr\u00e9an<span class=\"__7 _355\"></span>ces<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x25e_1 y410_3 w1b9_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.956<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x25f_1 y410_3 wd6_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls3d_5 ws69_4\">5.9<span class=\"__7 _359\"></span>39<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w1ba_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">R<span class=\"__7 _355\"></span>\u00e9sultat ne<span class=\"__7 _355\"></span>t du portefeuille d\u2019inv<span class=\"__7 _355\"></span>estis<span class=\"__7 _355\"></span>sement<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x260_1 y35f_3 w1bb_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">50<span class=\"__7 _355\"></span>.488<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x261_1 y35f_3 w1bc_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">356.2<span class=\"__7 _355\"></span>90<span class=\"__7 _357\"> </span></div></td></tr></table>D\u00e9p\u00f4t e<span class=\"__7 _355\"></span>t autre<span class=\"__7 _355\"></span>s actifs finan<span class=\"__7 _355\"></span>ciers cou<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>ts<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es commer<span class=\"__7 _355\"></span>ciales son<span class=\"__7 _361\"></span>t <span class=\"__7 _359\"></span>\u00e9v<span class=\"__7 _355\"></span>alu\u00e9e<span class=\"__7 _355\"></span>s au co\u00fbt am<span class=\"__7 _355\"></span>orti. <span class=\"__7 _359\"></span>La norme I<span class=\"__7 _355\"></span>FR<span class=\"__7 _355\"></span>S 9 requi<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>t la com<span class=\"__7 _355\"></span>p<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>tab<span class=\"__7 _355\"></span>ilisation de pert<span class=\"__7 _355\"></span>es de cr<span class=\"__7 _355\"></span>\u00e9dit sur tou<span class=\"__7 _355\"></span>s les instru<span class=\"__7 _355\"></span>ments de de<span class=\"__7 _355\"></span>ttes<span class=\"__7 _355\"></span>, pr\u00eats e<span class=\"__7 _355\"></span>t cr\u00e9a<span class=\"__7 _355\"></span>nces c<span class=\"__7 _355\"></span>ommer<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>ciale<span class=\"__7 _355\"></span>s sur la base de le<span class=\"__7 _355\"></span>ur dur\u00e9<span class=\"__7 _355\"></span>e de vie. Ce m<span class=\"__7 _355\"></span>od\u00e8le de per<span class=\"__7 _359\"></span>te de v<span class=\"__7 _355\"></span>aleur pr<span class=\"__7 _355\"></span>\u00e9vu par l<span class=\"__7 _355\"></span>a norme IF<span class=\"__7 _355\"></span>RS 9 est f<span class=\"__7 _355\"></span>ond\u00e9 sur l\u2019<span class=\"__7 _361\"></span>an<span class=\"__7 _355\"></span>ticipation de<span class=\"__7 _355\"></span>s pertes et n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _355\"></span>a pas d\u2019inci<span class=\"__7 _355\"></span>dence significa<span class=\"__7 _355\"></span>tive sur l\u2019<span class=\"__7 _358\"></span>\u00e9v<span class=\"__7 _355\"></span>alua<span class=\"__7 _355\"></span>tion des d\u00e9pr<span class=\"__7 _355\"></span>\u00e9cia<span class=\"__7 _355\"></span>tions d\u2019<span class=\"__7 _361\"></span>actifs fina<span class=\"__7 _355\"></span>nciers.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es d\u00e9p\u00f4<span class=\"__7 _355\"></span>ts sont d\u00e9<span class=\"__7 _355\"></span>sign\u00e9s \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r via le compt<span class=\"__7 _355\"></span>e de r\u00e9<span class=\"__7 _355\"></span>sultats<span class=\"__7 _355\"></span>. L<span class=\"__7 _355\"></span>es cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es sur les filia<span class=\"__7 _355\"></span>les son<span class=\"__7 _355\"></span>t d\u00e9sign\u00e9es \u00e0 l<span class=\"__7 _355\"></span>a jus<span class=\"__7 _355\"></span>te va<span class=\"__7 _355\"></span>leur via le comp<span class=\"__7 _355\"></span>te de r<span class=\"__7 _355\"></span>\u00e9sultat<span class=\"__7 _355\"></span>s.<span class=\"__7 _357\"> </span>La tr\u00e9<span class=\"__7 _355\"></span>sorerie e<span class=\"__7 _355\"></span>t les \u00e9quiva<span class=\"__7 _355\"></span>lents de tr<span class=\"__7 _355\"></span>\u00e9sor<span class=\"__7 _355\"></span>erie compr<span class=\"__7 _355\"></span>ennen<span class=\"__7 _355\"></span>t les liquidit<span class=\"__7 _355\"></span>\u00e9s et les d\u00e9p\u00f4<span class=\"__7 _355\"></span>ts \u00e0 terme<span class=\"__7 _355\"></span> \u00e0 moin<span class=\"__7 _355\"></span>s de troi<span class=\"__7 _355\"></span>s mois<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialAssetsExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-262": {
   "value": "<div class=\"t_6 m1_6 h6_6 ff4_6 fs3_6 fc0_6 sc0_6 ls9_6 ws0_6 gs76\">2.3 P<span class=\"__6 _336\"></span>ORTE<span class=\"__6 _342\"></span>FEUIL<span class=\"__6 _342\"></span>LE D<span class=\"__6 _342\"></span>\u2019INVE<span class=\"__6 _342\"></span>S<span class=\"__6 _342\"></span>TISSE<span class=\"__6 _342\"></span>MENT EN TRA<span class=\"__6 _342\"></span>NSP<span class=\"__6 _335\"></span>A<span class=\"__6 _342\"></span>RENC<span class=\"__6 _342\"></span>E<span class=\"__6 _341\"> </span></div><div class=\"t_6 mf_3 h6_6 ff4_6 fs3_6 fc4_6 sc0_6 ls2_6 ws0_6 gs77\">Prin<span class=\"__6 _342\"></span>cipales r<span class=\"__6 _342\"></span>\u00e8gles de valori<span class=\"__6 _342\"></span>sation du portef<span class=\"__6 _342\"></span>euille d\u2019inve<span class=\"__6 _336\"></span>sti<span class=\"__6 _342\"></span>ssement</div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws5c_4 gs78\">L<span class=\"__6 _342\"></span>e groupe So<span class=\"__6 _336\"></span>fina utilise u<span class=\"__6 _342\"></span>ne hi\u00e9ra<span class=\"__6 _336\"></span>rc<span class=\"__6 _336\"></span>hie de la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _342\"></span>aleur qui r<span class=\"__6 _342\"></span>efl\u00e8te l\u2019importa<span class=\"__6 _342\"></span>nce des donn\u00e9e<span class=\"__6 _342\"></span>s </div><div class=\"t_6 m1_6 h3_6 ff3_6 fs1_6 fc1_6 sc0_6 ls1_6 ws2_6 gs79\">permett<span class=\"__6 _336\"></span>an<span class=\"__6 _342\"></span>t <span class=\"__6 _343\"></span>d\u2019<span class=\"__6 _335\"></span>\u00e9tablir les \u00e9<span class=\"__6 _336\"></span>va<span class=\"__6 _336\"></span>lua<span class=\"__6 _342\"></span>tions :<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h4_6 ff4_6 fs1_6 fc1_6 sc0_6 ls1_6 ws16_6 gs7a\">\u2022 <span class=\"__6 _f5\"> </span> Niveau <span class=\"__6 _f5\"> </span>1<span class=\"ff2_6 ws5d_4\"> \u2013 L<span class=\"__6 _342\"></span>es actifs \u00e9v<span class=\"__6 _342\"></span>alu\u00e9s selon le niv<span class=\"__6 _342\"></span>eau 1 son<span class=\"__6 _336\"></span>t valori<span class=\"__6 _342\"></span>s\u00e9s au cou<span class=\"__6 _336\"></span>rs de bou<span class=\"__6 _336\"></span>rse \u00e0 l<span class=\"__6 _336\"></span>a da<span class=\"__6 _336\"></span>te </span></div><div class=\"t_6 m1_6 h3_6 ff3_6 fs1_6 fc1_6 sc0_6 ls1_6 ws2_6 gs7b\">de cl\u00f4t<span class=\"__6 _336\"></span>ure ;<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h4_6 ff4_6 fs1_6 fc1_6 sc0_6 ls1_6 ws16_6 gs7c\">\u2022 <span class=\"__6 _f5\"> </span> Niveau <span class=\"__6 _337\"> </span>2<span class=\"ff2_6 ws5e_4\"> \u2013 Le<span class=\"__6 _342\"></span>s actifs \u00e9va<span class=\"__6 _342\"></span>lu\u00e9s selon le nivea<span class=\"__6 _342\"></span>u 2 sont va<span class=\"__6 _342\"></span>loris\u00e9s sur la ba<span class=\"__6 _342\"></span>se de donn\u00e9es obs<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span><span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></span></div><div class=\"t_6 m1_6 h3_6 ff3_6 fs1_6 fc1_6 sc0_6 ls1_6 ws2_6 gs7d\">va<span class=\"__6 _336\"></span>bles comme le cour<span class=\"__6 _342\"></span>s <span class=\"__6 _343\"></span>de bourse du princip<span class=\"__6 _336\"></span>al actif d\u00e9t<span class=\"__6 _342\"></span>enu par la soci\u00e9t<span class=\"__6 _336\"></span>\u00e9 ;<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h4_6 ff4_6 fs1_6 fc1_6 sc0_6 ls1_6 ws16_6 gs7e\">\u2022 <span class=\"__6 _f5\"> </span> Niveau <span class=\"__6 _345\"> </span>3<span class=\"ff2_6 ws5f_4\"> \u2013 Le<span class=\"__6 _336\"></span>s actifs \u00e9<span class=\"__6 _336\"></span>va<span class=\"__6 _336\"></span>lu\u00e9s selon le niv<span class=\"__6 _342\"></span>eau 3 sont v<span class=\"__6 _342\"></span>aloris\u00e9<span class=\"__6 _336\"></span>s \u00e0 la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _336\"></span>aleur s<span class=\"__6 _342\"></span>elon des </span></div><div class=\"t_6 m1b h2_6 ff2_6 fs1_6 fc1_6 sc0_6 lsb_6 ws1d_6 gs7f\">principes d\u00e9riv<span class=\"__6 _336\"></span>\u00e9s des lign<span class=\"__6 _336\"></span>es dir<span class=\"__6 _342\"></span>ectrices d\u2019<span class=\"__6 _335\"></span>\u00e9v<span class=\"__6 _342\"></span>alua<span class=\"__6 _342\"></span>tion de l\u2019Int<span class=\"__6 _342\"></span>ernation<span class=\"__6 _342\"></span>al Priva<span class=\"__6 _342\"></span>te E<span class=\"__6 _342\"></span>quit<span class=\"__6 _343\"></span>y and </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs80\">V<span class=\"__6 _342\"></span>en<span class=\"__6 _336\"></span>tur<span class=\"__6 _342\"></span>e Capita<span class=\"__6 _342\"></span>l V<span class=\"__6 _342\"></span>alu<span class=\"__6 _336\"></span>ati<span class=\"__6 _336\"></span>on (\u00ab IPEV \u00bb V<span class=\"__6 _335\"></span>alu<span class=\"__6 _336\"></span>ati<span class=\"__6 _336\"></span>on Guideline<span class=\"__6 _336\"></span>s de d\u00e9cembr<span class=\"__6 _342\"></span>e 20<span class=\"__6 _342\"></span>25).<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws60_4 gs81\">P<span class=\"__6 _342\"></span>our les titr<span class=\"__6 _342\"></span>es co<span class=\"__6 _336\"></span>t\u00e9s<span class=\"__6 _342\"></span>, la ju<span class=\"__6 _336\"></span>ste v<span class=\"__6 _342\"></span>aleur es<span class=\"__6 _342\"></span>t d\u00e9termin\u00e9e sur la b<span class=\"__6 _342\"></span>ase du prix co<span class=\"__6 _342\"></span>t\u00e9 sur un mar<span class=\"__6 _342\"></span>ch\u00e9 </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws61_4 gs82\">actif<span class=\"__6 _342\"></span>. Aucun aj<span class=\"__6 _342\"></span>ustem<span class=\"__6 _342\"></span>ent pour illiq<span class=\"__6 _336\"></span>uidit\u00e9 n<span class=\"__6 _342\"></span>\u2019<span class=\"__6 _335\"></span>est appliqu\u00e9 lor<span class=\"__6 _342\"></span>sque tout<span class=\"__6 _336\"></span>e p\u00e9riode de blocage o<span class=\"__6 _336\"></span>u </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs83\">re<span class=\"__6 _342\"></span>striction e<span class=\"__6 _336\"></span>st a<span class=\"__6 _342\"></span>ttribuable au d\u00e9<span class=\"__6 _336\"></span>ten<span class=\"__6 _342\"></span>teur du titr<span class=\"__6 _342\"></span>e plut\u00f4<span class=\"__6 _342\"></span>t qu\u2019<span class=\"__6 _342\"></span>au titre sou<span class=\"__6 _342\"></span>s-jacen<span class=\"__6 _342\"></span>t.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws62_3 gs84\">L<span class=\"__6 _342\"></span>es titre<span class=\"__6 _342\"></span>s non cot\u00e9<span class=\"__6 _342\"></span>s en bourse son<span class=\"__6 _342\"></span>t \u00e9va<span class=\"__6 _342\"></span>lu\u00e9s, \u00e0 ch<span class=\"__6 _336\"></span>aque da<span class=\"__6 _342\"></span>te de cl\u00f4t<span class=\"__6 _342\"></span>ure, selon u<span class=\"__6 _336\"></span>ne m\u00e9<span class=\"__6 _336\"></span>thode </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws12_6 gs85\">d\u2019<span class=\"__6 _335\"></span>\u00e9va<span class=\"__6 _342\"></span>luati<span class=\"__6 _336\"></span>on commun<span class=\"__6 _342\"></span>\u00e9ment admi<span class=\"__6 _336\"></span>se da<span class=\"__6 _336\"></span>ns c<span class=\"__6 _336\"></span>es ligne<span class=\"__6 _342\"></span>s directric<span class=\"__6 _336\"></span>es d\u2019<span class=\"__6 _335\"></span>\u00e9v<span class=\"__6 _342\"></span>alua<span class=\"__6 _342\"></span>tion IPEV ou<span class=\"__6 _342\"></span>, le cas </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs86\">\u00e9ch\u00e9a<span class=\"__6 _342\"></span>nt, \u00e0 la v<span class=\"__6 _336\"></span>aleur d\u2019<span class=\"__6 _335\"></span>actif net..<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws63_3 gs87\">L<span class=\"__6 _342\"></span>es diff\u00e9r<span class=\"__6 _336\"></span>ent<span class=\"__6 _342\"></span>es m\u00e9thode<span class=\"__6 _342\"></span>s de valorisa<span class=\"__6 _342\"></span>tion sont d\u00e9<span class=\"__6 _342\"></span>taill\u00e9es dan<span class=\"__6 _342\"></span>s le tableau sur le<span class=\"__6 _342\"></span>s m\u00e9thodes<span class=\"__6 _342\"></span> </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws5b_4 gs88\">appliqu\u00e9e<span class=\"__6 _342\"></span>s conf<span class=\"__6 _342\"></span>orm\u00e9ment \u00e0 l<span class=\"__6 _336\"></span>a norme IF<span class=\"__6 _342\"></span>RS 13 po<span class=\"__6 _336\"></span>ur d\u00e9t<span class=\"__6 _342\"></span>erminer la ju<span class=\"__6 _342\"></span>ste va<span class=\"__6 _336\"></span>leur des a<span class=\"__6 _342\"></span>ctifs non </div><div class=\"t_6 m1c h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls3_6 ws3_6 gs89\">cot<span class=\"__6 _342\"></span>\u00e9s de (Sofina Dir<span class=\"__6 _342\"></span>ect, c\u2019<span class=\"__6 _335\"></span>est-\u00e0-dir<span class=\"__6 _342\"></span>e Investis<span class=\"__6 _336\"></span>semen<span class=\"__6 _342\"></span>ts minoritair<span class=\"__6 _336\"></span>es \u00e0 long t<span class=\"__6 _342\"></span>erme et Sofina C<span class=\"__6 _342\"></span>roi<span class=\"__6 _342\"></span>s<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws4b_4 gs8a\">sanc<span class=\"__6 _342\"></span>e, et Sofina F<span class=\"__6 _342\"></span>onds<span class=\"__6 _342\"></span>. Bien que les va<span class=\"__6 _342\"></span>lorisation<span class=\"__6 _342\"></span>s soien<span class=\"__6 _336\"></span>t \u00e9ta<span class=\"__6 _342\"></span>blies con<span class=\"__6 _336\"></span>form<span class=\"__6 _336\"></span>\u00e9men<span class=\"__6 _342\"></span>t \u00e0 IFR<span class=\"__6 _342\"></span>S 13, la </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs8b\">va<span class=\"__6 _336\"></span>leur r<span class=\"__6 _342\"></span>\u00e9alis\u00e9e lor<span class=\"__6 _342\"></span>s de la cession pe<span class=\"__6 _336\"></span>ut diff\u00e9r<span class=\"__6 _342\"></span>er de la valeu<span class=\"__6 _336\"></span>r comp<span class=\"__6 _342\"></span>tabilis\u00e9e<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1d h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls3b_4 ws13_6 gs8c\">R<span class=\"__6 _336\"></span>eten<span class=\"__6 _342\"></span>ons que les IP<span class=\"__6 _342\"></span>EV V<span class=\"__6 _342\"></span>alu<span class=\"__6 _336\"></span>ati<span class=\"__6 _336\"></span>on Guideline<span class=\"__6 _336\"></span>s ne con<span class=\"__6 _342\"></span>sid\u00e8ren<span class=\"__6 _342\"></span>t plus le prix de la tr<span class=\"__6 _342\"></span>ansac<span class=\"__6 _336\"></span>tion </div><div class=\"t_6 m1e h2_6 ff2_6 fs1_6 fc1_6 sc0_6 lsb_6 ws13_6 gs8d\">r\u00e9c<span class=\"__6 _342\"></span>ente comm<span class=\"__6 _342\"></span>e une techniq<span class=\"__6 _342\"></span>ue <span class=\"__6 _343\"></span>de va<span class=\"__6 _336\"></span>lorisa<span class=\"__6 _336\"></span>tion par d\u00e9<span class=\"__6 _342\"></span>faut mais pl<span class=\"__6 _336\"></span>ut\u00f4<span class=\"__6 _342\"></span>t comme un poin<span class=\"__6 _336\"></span>t de </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws5_6 gs8e\">d\u00e9part de l\u2019<span class=\"__6 _335\"></span>estim<span class=\"__6 _342\"></span>ation de la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _342\"></span>aleur<span class=\"__6 _342\"></span>. P<span class=\"__6 _342\"></span>ar con<span class=\"__6 _342\"></span>s\u00e9quen<span class=\"__6 _336\"></span>t, le prix de la tr<span class=\"__6 _336\"></span>an<span class=\"__6 _342\"></span>saction r\u00e9<span class=\"__6 _336\"></span>cen<span class=\"__6 _342\"></span>te n\u2019<span class=\"__6 _335\"></span>est<span class=\"__6 _342\"></span> </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws19_6 gs8f\">utilis\u00e9 comm<span class=\"__6 _342\"></span>e technique de v<span class=\"__6 _342\"></span>alorisati<span class=\"__6 _336\"></span>on que lorsq<span class=\"__6 _336\"></span>ue la tra<span class=\"__6 _342\"></span>nsacti<span class=\"__6 _336\"></span>on r\u00e9c<span class=\"__6 _342\"></span>ente e<span class=\"__6 _336\"></span>st suffisamm<span class=\"__6 _342\"></span>ent </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs90\">proc<span class=\"__6 _342\"></span>he de la dat<span class=\"__6 _342\"></span>e de cl\u00f4tur<span class=\"__6 _342\"></span>e (et r\u00e9pon<span class=\"__6 _342\"></span>d aux crit\u00e8r<span class=\"__6 _342\"></span>es de mar<span class=\"__6 _342\"></span>ch\u00e9 et d\u2019in<span class=\"__6 _342\"></span>ter<span class=\"__6 _343\"></span>vena<span class=\"__6 _336\"></span>nt de m<span class=\"__6 _342\"></span>arch<span class=\"__6 _342\"></span>\u00e9). </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws64_3 gs91\">Il convien<span class=\"__6 _342\"></span>t \u00e9galemen<span class=\"__6 _342\"></span>t de noter que le c<span class=\"__6 _342\"></span>onte<span class=\"__6 _342\"></span>xte de la tra<span class=\"__6 _342\"></span>nsaction e<span class=\"__6 _342\"></span>st analy<span class=\"__6 _342\"></span>s\u00e9 et pourr<span class=\"__6 _342\"></span>ait donc </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws65_3 gs92\">int<span class=\"__6 _342\"></span>\u00e9grer non se<span class=\"__6 _342\"></span>ulement les c<span class=\"__6 _342\"></span>omposan<span class=\"__6 _342\"></span>tes primair<span class=\"__6 _342\"></span>es d\u2019une tr<span class=\"__6 _342\"></span>ansacti<span class=\"__6 _342\"></span>on mais aus<span class=\"__6 _336\"></span>si les com<span class=\"__6 _342\"></span>po<span class=\"__6 _343\"></span><span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws66_3 gs93\">san<span class=\"__6 _342\"></span>tes sec<span class=\"__6 _336\"></span>ondair<span class=\"__6 _342\"></span>es de la m\u00eame tr<span class=\"__6 _342\"></span>ansac<span class=\"__6 _342\"></span>tion (par ex<span class=\"__6 _342\"></span>emple, en r<span class=\"__6 _342\"></span>etena<span class=\"__6 _336\"></span>nt un prix pon<span class=\"__6 _342\"></span>d\u00e9r\u00e9 au lie<span class=\"__6 _336\"></span>u </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs94\">de re<span class=\"__6 _342\"></span>tenir seulemen<span class=\"__6 _342\"></span>t le prix du tour de fin<span class=\"__6 _342\"></span>ancemen<span class=\"__6 _342\"></span>t primaire).<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1f h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws3_6 gs95\">L<span class=\"__6 _342\"></span>e principe d\u2019<span class=\"__6 _335\"></span>\u00e9talonn<span class=\"__6 _336\"></span>age (ou \u00ab ca<span class=\"__6 _342\"></span>librati<span class=\"__6 _342\"></span>on \u00bb), qui consis<span class=\"__6 _342\"></span>te \u00e0 tes<span class=\"__6 _336\"></span>ter ou \u00e9<span class=\"__6 _342\"></span>talonner les t<span class=\"__6 _342\"></span>echniques<span class=\"__6 _342\"></span> </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws1b_6 gs96\">d\u2019<span class=\"__6 _335\"></span>\u00e9va<span class=\"__6 _342\"></span>luati<span class=\"__6 _336\"></span>on dev<span class=\"__6 _336\"></span>an<span class=\"__6 _342\"></span>t \u00eatre utili<span class=\"__6 _336\"></span>s\u00e9es lor<span class=\"__6 _342\"></span>s des dat<span class=\"__6 _342\"></span>es d\u2019<span class=\"__6 _335\"></span>\u00e9va<span class=\"__6 _336\"></span>lua<span class=\"__6 _342\"></span>tion subs\u00e9quen<span class=\"__6 _342\"></span>tes, en u<span class=\"__6 _336\"></span>tilisan<span class=\"__6 _342\"></span>t des </div><div class=\"t_6 m20 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls3b_4 ws13_6 gs97\">par<span class=\"__6 _342\"></span>am\u00e8tr<span class=\"__6 _342\"></span>es d\u2019<span class=\"__6 _335\"></span>\u00e9val<span class=\"__6 _342\"></span>uation d\u00e9riv<span class=\"__6 _342\"></span>\u00e9s de la tra<span class=\"__6 _336\"></span>nsac<span class=\"__6 _342\"></span>tion initiale ou la plu<span class=\"__6 _342\"></span>s r\u00e9cen<span class=\"__6 _342\"></span>te, es<span class=\"__6 _342\"></span>t appliqu\u00e9 </div><div class=\"t_6 m21 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws1d_6 gs98\">le cas \u00e9c<span class=\"__6 _342\"></span>h\u00e9ant su<span class=\"__6 _336\"></span>r tout<span class=\"__6 _342\"></span>es nos v<span class=\"__6 _342\"></span>alorisati<span class=\"__6 _336\"></span>ons de titr<span class=\"__6 _342\"></span>es non co<span class=\"__6 _342\"></span>t\u00e9s (Sofina Dir<span class=\"__6 _342\"></span>ect, c\u2019<span class=\"__6 _335\"></span>est-\u00e0-dir<span class=\"__6 _336\"></span>e </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws7_6 gs99\">Inve<span class=\"__6 _336\"></span>stiss<span class=\"__6 _336\"></span>emen<span class=\"__6 _342\"></span>ts minoritaire<span class=\"__6 _342\"></span>s \u00e0 long terme et So<span class=\"__6 _342\"></span>fina Cr<span class=\"__6 _342\"></span>oissan<span class=\"__6 _342\"></span>ce), pour auta<span class=\"__6 _342\"></span>nt que le prix de </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws67_3 gs9a\">la tr<span class=\"__6 _336\"></span>an<span class=\"__6 _342\"></span>saction initiale o<span class=\"__6 _342\"></span>u la plus r<span class=\"__6 _342\"></span>\u00e9cent<span class=\"__6 _336\"></span>e soit r<span class=\"__6 _342\"></span>epr\u00e9sen<span class=\"__6 _342\"></span>tatif de l<span class=\"__6 _336\"></span>a ju<span class=\"__6 _342\"></span>ste va<span class=\"__6 _342\"></span>leur au momen<span class=\"__6 _342\"></span>t de la </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws15_6 gs9b\">tra<span class=\"__6 _342\"></span>nsaction e<span class=\"__6 _342\"></span>t qu\u2019il puisse fair<span class=\"__6 _342\"></span>e l\u2019<span class=\"__6 _335\"></span>objet d\u2019une ca<span class=\"__6 _336\"></span>libra<span class=\"__6 _342\"></span>tion. La calibr<span class=\"__6 _342\"></span>ation donne la po<span class=\"__6 _342\"></span>ssibilit\u00e9 de </div><div class=\"t_6 m22 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls4_6 ws3_6 gs9c\">d\u00e9river du prix d\u2019<span class=\"__6 _335\"></span>en<span class=\"__6 _342\"></span>tr\u00e9e la d\u00e9co<span class=\"__6 _342\"></span>te ou la sur<span class=\"__6 _342\"></span>cote p<span class=\"__6 _336\"></span>ar r<span class=\"__6 _342\"></span>appor<span class=\"__6 _343\"></span>t au gr<span class=\"__6 _336\"></span>oupe de soci\u00e9<span class=\"__6 _342\"></span>t\u00e9s comp<span class=\"__6 _336\"></span>ar<span class=\"__6 _342\"></span>ables </div><div class=\"t_6 m23 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws5_6 gs9d\">en compa<span class=\"__6 _342\"></span>ran<span class=\"__6 _342\"></span>t le taux de r<span class=\"__6 _336\"></span>endemen<span class=\"__6 _342\"></span>t atten<span class=\"__6 _342\"></span>du par Sofina a<span class=\"__6 _342\"></span>vec le co<span class=\"__6 _342\"></span>\u00fbt du capita<span class=\"__6 _342\"></span>l th\u00e9orique pour </div><div class=\"t_6 m24 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls3_6 ws5_6 gs9e\">un inve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>t donn\u00e9 dan<span class=\"__6 _342\"></span>s le cadre de la mi<span class=\"__6 _342\"></span>se en \u0153uvre de la m<span class=\"__6 _342\"></span>\u00e9thode d\u2019<span class=\"__6 _342\"></span>actu<span class=\"__6 _342\"></span>alisati<span class=\"__6 _336\"></span>on des </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws64_3 gs9f\">flux de tr<span class=\"__6 _342\"></span>\u00e9sorerie<span class=\"__6 _342\"></span>. La calibr<span class=\"__6 _336\"></span>ati<span class=\"__6 _336\"></span>on donne \u00e9galem<span class=\"__6 _342\"></span>ent la possib<span class=\"__6 _342\"></span>ilit\u00e9 d\u2019<span class=\"__6 _342\"></span>appr\u00e9h<span class=\"__6 _342\"></span>ender direct<span class=\"__6 _342\"></span>ement \u00e0 </div><div class=\"t_6 m25 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws3_6 gsa0\">la da<span class=\"__6 _342\"></span>te de tra<span class=\"__6 _342\"></span>nsaction l<span class=\"__6 _342\"></span>a d\u00e9cote o<span class=\"__6 _336\"></span>u la sur<span class=\"__6 _342\"></span>cote pa<span class=\"__6 _342\"></span>r rapport au gr<span class=\"__6 _342\"></span>oupe de soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s compa<span class=\"__6 _342\"></span>rables<span class=\"__6 _342\"></span> </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws68_3 gsa1\">dan<span class=\"__6 _342\"></span>s le cadr<span class=\"__6 _336\"></span>e de la mise en \u0153<span class=\"__6 _342\"></span>uvre de la m\u00e9th<span class=\"__6 _342\"></span>ode des multiples bou<span class=\"__6 _336\"></span>rsier<span class=\"__6 _342\"></span>s. Cett<span class=\"__6 _342\"></span>e technique<span class=\"__6 _336\"></span> </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws69_3 gsa2\">expliq<span class=\"__6 _336\"></span>ue la gr<span class=\"__6 _336\"></span>ande f<span class=\"__6 _342\"></span>ourc<span class=\"__6 _336\"></span>hett<span class=\"__6 _342\"></span>e au niveau des d\u00e9<span class=\"__6 _336\"></span>cot<span class=\"__6 _342\"></span>es, des c<span class=\"__6 _342\"></span>o\u00fbts de capita<span class=\"__6 _342\"></span>l ou des fact<span class=\"__6 _342\"></span>eurs </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gsa3\">d\u2019<span class=\"__6 _342\"></span>act<span class=\"__6 _336\"></span>uali<span class=\"__6 _342\"></span>sation, ceux-ci \u00e9<span class=\"__6 _342\"></span>tant en e<span class=\"__6 _342\"></span>f<span class=\"__6 _343\"></span>fet le r<span class=\"__6 _342\"></span>\u00e9sulta<span class=\"__6 _336\"></span>t de la ca<span class=\"__6 _336\"></span>libra<span class=\"__6 _342\"></span>tion.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m26 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls3_6 ws5_6 gsa4\">Cela \u00e9<span class=\"__6 _342\"></span>tant, So<span class=\"__6 _342\"></span>fina peut \u00eatr<span class=\"__6 _342\"></span>e amen\u00e9e \u00e0 modifi<span class=\"__6 _342\"></span>er la technique d\u2019<span class=\"__6 _335\"></span>\u00e9<span class=\"__6 _342\"></span>valua<span class=\"__6 _342\"></span>tion d\u2019un ex<span class=\"__6 _342\"></span>ercic<span class=\"__6 _336\"></span>e \u00e0 l\u2019<span class=\"__6 _342\"></span>autr<span class=\"__6 _342\"></span>e </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws6a_3 gsa5\">lorsque le<span class=\"__6 _342\"></span>s circon<span class=\"__6 _342\"></span>stance<span class=\"__6 _342\"></span>s l\u2019<span class=\"__6 _342\"></span>e<span class=\"__6 _336\"></span>xigent (n<span class=\"__6 _342\"></span>otammen<span class=\"__6 _342\"></span>t la disponibilit<span class=\"__6 _342\"></span>\u00e9 <span class=\"__6 _343\"></span>de nouv<span class=\"__6 _342\"></span>elles inf<span class=\"__6 _342\"></span>ormation<span class=\"__6 _342\"></span>s ou </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws6b_3 gsa6\">la survenan<span class=\"__6 _342\"></span>ce de tran<span class=\"__6 _342\"></span>saction<span class=\"__6 _342\"></span>s r\u00e9cen<span class=\"__6 _342\"></span>tes), da<span class=\"__6 _336\"></span>ns l\u2019<span class=\"__6 _335\"></span>objec<span class=\"__6 _342\"></span>tif de maximiser l\u2019utilisa<span class=\"__6 _342\"></span>tion de donn\u00e9es </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws24_6 gsa7\">observable<span class=\"__6 _342\"></span>s et de minimiser celle de donn\u00e9e<span class=\"__6 _342\"></span>s non observables<span class=\"__6 _336\"></span>. L<span class=\"__6 _342\"></span>es ex<span class=\"__6 _342\"></span>ercice<span class=\"__6 _336\"></span>s de va<span class=\"__6 _336\"></span>lorisa<span class=\"__6 _336\"></span>tion </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws6c_3 gsa8\">peuven<span class=\"__6 _342\"></span>t int<span class=\"__6 _342\"></span>\u00e9grer des pr<span class=\"__6 _342\"></span>ojection<span class=\"__6 _342\"></span>s de chif<span class=\"__6 _343\"></span>fre d\u2019<span class=\"__6 _335\"></span>affaire<span class=\"__6 _342\"></span>s, d\u2019EB<span class=\"__6 _342\"></span>ITDA ou d\u2019<span class=\"__6 _335\"></span>autre<span class=\"__6 _336\"></span>s indica<span class=\"__6 _342\"></span>teur<span class=\"__6 _342\"></span>s finan<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></div><div class=\"t_6 m27 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls3_6 ws3_6 gsa9\">ciers<span class=\"__6 _342\"></span>, des multiples de m<span class=\"__6 _336\"></span>ar<span class=\"__6 _342\"></span>ch\u00e9s public<span class=\"__6 _342\"></span>s, des va<span class=\"__6 _342\"></span>lorisation<span class=\"__6 _342\"></span>s de soci\u00e9t\u00e9<span class=\"__6 _342\"></span>s compar<span class=\"__6 _342\"></span>ables ou d\u2019<span class=\"__6 _335\"></span>autre<span class=\"__6 _342\"></span>s </div><div class=\"t_6 m28 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls4_6 ws5_6 gsaa\">mesur<span class=\"__6 _342\"></span>es, so<span class=\"__6 _336\"></span>uven<span class=\"__6 _342\"></span>t fond\u00e9es su<span class=\"__6 _336\"></span>r des in<span class=\"__6 _342\"></span>forma<span class=\"__6 _336\"></span>tion<span class=\"__6 _336\"></span>s non audit<span class=\"__6 _336\"></span>\u00e9es disponible<span class=\"__6 _342\"></span>s \u00e0 la date d\u2019<span class=\"__6 _335\"></span>\u00e9<span class=\"__6 _342\"></span>valua<span class=\"__6 _342\"></span>tion.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws6d_3 gsab\">\u00c0 cet \u00e9ga<span class=\"__6 _342\"></span>rd, le tablea<span class=\"__6 _342\"></span>u ci-apr\u00e8s donn<span class=\"__6 _336\"></span>e des in<span class=\"__6 _342\"></span>forma<span class=\"__6 _342\"></span>tions sur les m<span class=\"__6 _342\"></span>\u00e9thodes appliq<span class=\"__6 _336\"></span>u\u00e9es con<span class=\"__6 _342\"></span>for<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws6e_3 gsac\">m\u00e9men<span class=\"__6 _342\"></span>t \u00e0 la norme IF<span class=\"__6 _342\"></span>RS 13 \u2013 \u00c9<span class=\"__6 _342\"></span>valu<span class=\"__6 _342\"></span>ation de la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _342\"></span>aleur \u2013 pour d\u00e9<span class=\"__6 _342\"></span>terminer la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _342\"></span>aleur </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gsad\">des ac<span class=\"__6 _336\"></span>tifs non co<span class=\"__6 _342\"></span>t\u00e9s de nivea<span class=\"__6 _342\"></span>u 3.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws6e_3 gsae\">Il convien<span class=\"__6 _342\"></span>t \u00e9galemen<span class=\"__6 _342\"></span>t de noter que So<span class=\"__6 _342\"></span>fina utilise la m\u00e9<span class=\"__6 _336\"></span>thode d\u2019<span class=\"__6 _335\"></span>\u00e9v<span class=\"__6 _336\"></span>alu<span class=\"__6 _342\"></span>ation des op<span class=\"__6 _342\"></span>tions pour<span class=\"__6 _336\"></span> </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws6f_3 gsaf\">attrib<span class=\"__6 _336\"></span>uer la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _336\"></span>aleu<span class=\"__6 _336\"></span>r estim<span class=\"__6 _336\"></span>\u00e9e des ac<span class=\"__6 _342\"></span>tions aux diff\u00e9r<span class=\"__6 _342\"></span>ent<span class=\"__6 _336\"></span>es ca<span class=\"__6 _342\"></span>t\u00e9gories d\u2019<span class=\"__6 _335\"></span>action<span class=\"__6 _336\"></span>s en fon<span class=\"__6 _336\"></span>ction </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws24_6 gsb0\">de leur<span class=\"__6 _342\"></span>s <span class=\"__6 _343\"></span>car<span class=\"__6 _342\"></span>act\u00e9ris<span class=\"__6 _342\"></span>tiques et dr<span class=\"__6 _342\"></span>oits pr\u00e9<span class=\"__6 _342\"></span>f\u00e9ren<span class=\"__6 _342\"></span>tiels (le ca<span class=\"__6 _336\"></span>s \u00e9ch\u00e9a<span class=\"__6 _342\"></span>nt). Ce<span class=\"__6 _336\"></span>tte appr<span class=\"__6 _342\"></span>oche d\u2019<span class=\"__6 _342\"></span>attrib<span class=\"__6 _342\"></span>ution </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws70_2 gsb1\">peut r<span class=\"__6 _342\"></span>\u00e9duire de ma<span class=\"__6 _342\"></span>ni\u00e8re signific<span class=\"__6 _342\"></span>ative la v<span class=\"__6 _342\"></span>alorisati<span class=\"__6 _342\"></span>on des tour<span class=\"__6 _342\"></span>s de financemen<span class=\"__6 _342\"></span>t an<span class=\"__6 _342\"></span>t\u00e9rieur<span class=\"__6 _342\"></span>s qui </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gsb2\">comporten<span class=\"__6 _342\"></span>t des dr<span class=\"__6 _342\"></span>oits moindr<span class=\"__6 _342\"></span>es par r<span class=\"__6 _342\"></span>apport au dernier tou<span class=\"__6 _336\"></span>r de finan<span class=\"__6 _342\"></span>cement.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws64_3 gsb3\">L<span class=\"__6 _342\"></span>es crise<span class=\"__6 _342\"></span>s r\u00e9cen<span class=\"__6 _342\"></span>tes augm<span class=\"__6 _342\"></span>enten<span class=\"__6 _342\"></span>t l\u2019incertitude qua<span class=\"__6 _336\"></span>nt a<span class=\"__6 _342\"></span>ux per<span class=\"__6 _343\"></span>forma<span class=\"__6 _342\"></span>nces fut<span class=\"__6 _336\"></span>ure<span class=\"__6 _342\"></span>s des inves<span class=\"__6 _342\"></span>tisse<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws71_2 gsb4\">men<span class=\"__6 _342\"></span>ts d\u00e9tenu<span class=\"__6 _342\"></span>s par Sofina. C<span class=\"__6 _342\"></span>es incertitudes qu<span class=\"__6 _342\"></span>ant \u00e0 la perf<span class=\"__6 _342\"></span>ormance de ce<span class=\"__6 _342\"></span>s investi<span class=\"__6 _336\"></span>ssemen<span class=\"__6 _342\"></span>ts </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws12_6 gsb5\">entr<span class=\"__6 _342\"></span>a\u00eenent u<span class=\"__6 _336\"></span>n degr\u00e9 pl<span class=\"__6 _336\"></span>us \u00e9le<span class=\"__6 _336\"></span>v\u00e9 de subjec<span class=\"__6 _342\"></span>tivit\u00e9 dan<span class=\"__6 _342\"></span>s la d\u00e9termina<span class=\"__6 _342\"></span>tion des j<span class=\"__6 _342\"></span>uste<span class=\"__6 _336\"></span>s vale<span class=\"__6 _342\"></span>urs de </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws19_6 gsb6\">nivea<span class=\"__6 _336\"></span>u 3 dan<span class=\"__6 _342\"></span>s la hi\u00e9ra<span class=\"__6 _342\"></span>rchie I<span class=\"__6 _336\"></span>FR<span class=\"__6 _342\"></span>S 13. C<span class=\"__6 _342\"></span>ela a incit\u00e9 Sofin<span class=\"__6 _342\"></span>a \u00e0 int\u00e9gr<span class=\"__6 _342\"></span>er dans s<span class=\"__6 _336\"></span>on proc<span class=\"__6 _342\"></span>essus d\u2019<span class=\"__6 _335\"></span>\u00e9v<span class=\"__6 _342\"></span>a<span class=\"__6 _343\"></span><span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws72_2 gsb7\">lua<span class=\"__6 _342\"></span>tion un degr\u00e9 \u00e9le<span class=\"__6 _342\"></span>v\u00e9 de vigilanc<span class=\"__6 _342\"></span>e. L<span class=\"__6 _342\"></span>es \u00e9l\u00e9ment<span class=\"__6 _342\"></span>s suivan<span class=\"__6 _336\"></span>ts m\u00e9rit<span class=\"__6 _342\"></span>ent particuli<span class=\"__6 _336\"></span>\u00e8rem<span class=\"__6 _342\"></span>ent d\u2019<span class=\"__6 _335\"></span>\u00eatre<span class=\"__6 _342\"></span> </div><div class=\"t_6 m1_6 h3_6 ff3_6 fs1_6 fc1_6 sc0_6 ls1_6 ws2_6 gsb8\">men<span class=\"__6 _342\"></span>tionn\u00e9s: </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws73_1 gsb9\">\u2022 <span class=\"__6 _342\"></span> <span class=\"__6 _f6\"></span>Vigilan<span class=\"__6 _342\"></span>ce particuli\u00e8r<span class=\"__6 _342\"></span>e \u00e0 la coh\u00e9ren<span class=\"__6 _342\"></span>ce entr<span class=\"__6 _342\"></span>e les estima<span class=\"__6 _342\"></span>tions de<span class=\"__6 _336\"></span>s soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s du portef<span class=\"__6 _342\"></span>euille et </div><div class=\"t_6 m1_6 h3_6 ff3_6 fs1_6 fc1_6 sc0_6 ls1_6 ws2_6 gsba\">l\u2019utilisa<span class=\"__6 _342\"></span>tion de <span class=\"__6 _343\"></span>ces es<span class=\"__6 _336\"></span>tima<span class=\"__6 _336\"></span>tion<span class=\"__6 _342\"></span>s <span class=\"__6 _343\"></span>par ra<span class=\"__6 _336\"></span>pport aux multiples des soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s compar<span class=\"__6 _342\"></span>ables ;<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws10_6 gsbb\">\u2022 <span class=\"__6 _336\"></span> <span class=\"__6 _f7\"></span>Vigilan<span class=\"__6 _342\"></span>ce particuli\u00e8r<span class=\"__6 _342\"></span>e quan<span class=\"__6 _342\"></span>t \u00e0 la valid<span class=\"__6 _342\"></span>ation de la derni\u00e8r<span class=\"__6 _342\"></span>e tran<span class=\"__6 _342\"></span>saction r<span class=\"__6 _342\"></span>\u00e9cent<span class=\"__6 _342\"></span>e en s\u2019<span class=\"__6 _342\"></span>assura<span class=\"__6 _342\"></span>nt </div><div class=\"t_6 m29 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls8_6 wsb_6 gsbc\">que cett<span class=\"__6 _342\"></span>e tran<span class=\"__6 _342\"></span>saction r<span class=\"__6 _342\"></span>\u00e9cent<span class=\"__6 _342\"></span>e tient com<span class=\"__6 _342\"></span>pte du con<span class=\"__6 _342\"></span>text<span class=\"__6 _342\"></span>e actuel de la c<span class=\"__6 _342\"></span>rise \u00e9conomiq<span class=\"__6 _342\"></span>ue </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws74_1 gsbd\">(tout en r<span class=\"__6 _342\"></span>especta<span class=\"__6 _342\"></span>nt les a<span class=\"__6 _336\"></span>utre<span class=\"__6 _342\"></span>s crit\u00e8r<span class=\"__6 _342\"></span>es de valid<span class=\"__6 _342\"></span>ation de la derni\u00e8r<span class=\"__6 _342\"></span>e tran<span class=\"__6 _342\"></span>saction r<span class=\"__6 _342\"></span>\u00e9cent<span class=\"__6 _342\"></span>e tels </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws7_6 gsbe\">qu\u2019<span class=\"__6 _335\"></span>\u00eatr<span class=\"__6 _336\"></span>e suffisammen<span class=\"__6 _342\"></span>t proch<span class=\"__6 _342\"></span>e de la date de c<span class=\"__6 _342\"></span>l\u00f4tur<span class=\"__6 _342\"></span>e) ainsi que de s\u2019<span class=\"__6 _342\"></span>assur<span class=\"__6 _342\"></span>er que le cont<span class=\"__6 _342\"></span>exte </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws75_1 gsbf\">de la tr<span class=\"__6 _336\"></span>an<span class=\"__6 _342\"></span>saction r\u00e9<span class=\"__6 _336\"></span>cen<span class=\"__6 _342\"></span>te est corr<span class=\"__6 _342\"></span>ectemen<span class=\"__6 _342\"></span>t appr\u00e9h<span class=\"__6 _342\"></span>end\u00e9 en consid\u00e9r<span class=\"__6 _342\"></span>an<span class=\"__6 _336\"></span>t les com<span class=\"__6 _342\"></span>posant<span class=\"__6 _342\"></span>es </div><div class=\"t_6 m1_6 h3_6 ff3_6 fs1_6 fc1_6 sc0_6 ls1_6 ws2_6 gsc0\">primair<span class=\"__6 _342\"></span>es et secondair<span class=\"__6 _342\"></span>es (le cas \u00e9ch\u00e9an<span class=\"__6 _342\"></span>t) ;<span class=\"__6 _341\"> </span></div><div class=\"t_6 m2a h2_6 ff2_6 fs1_6 fc1_6 sc0_6 lsb_6 ws13_6 gsc1\">\u2022 <span class=\"__6 _335\"></span> <span class=\"__6 _f6\"></span>Vigila<span class=\"__6 _342\"></span>nce particuli<span class=\"__6 _336\"></span>\u00e8re c<span class=\"__6 _342\"></span>oncernan<span class=\"__6 _342\"></span>t la situa<span class=\"__6 _342\"></span>tion financi<span class=\"__6 _342\"></span>\u00e8re des soci<span class=\"__6 _336\"></span>\u00e9t\u00e9<span class=\"__6 _342\"></span>s du portefe<span class=\"__6 _342\"></span>uille (par </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gsc2\">ex<span class=\"__6 _342\"></span>emple, les e<span class=\"__6 _342\"></span>stimati<span class=\"__6 _336\"></span>ons de c<span class=\"__6 _336\"></span>onsomm<span class=\"__6 _342\"></span>ation de tr<span class=\"__6 _342\"></span>\u00e9sorerie).<span class=\"__6 _341\"> </span></div><div class=\"t_6 m10_2 h11_6 ffb_1 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gsc3\">1<span class=\"__6 gsc4\"> </span><span class=\"__6 _346\"> </span><span class=\"__6 gsc5\"> </span><span class=\"__6 _340\"></span><span class=\"__6 gsc4\"> </span><span class=\"__6 _338\"></span>Couvert<span class=\"__6 gsc4\"> </span>:<span class=\"__6 gsc4\"> </span>couv<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>t<span class=\"__6 gsc4\"> </span>par<span class=\"__6 gsc4\"> </span>l\u2019<span class=\"__6 _342\"></span>assis<span class=\"__6 _336\"></span>tance<span class=\"__6 gsc4\"> </span>de<span class=\"__6 gsc4\"> </span>Kr<span class=\"__6 _342\"></span>oll<span class=\"__6 gsc4\"> </span>;<span class=\"__6 gsc4\"> </span>Non<span class=\"__6 gsc4\"> </span>couvert<span class=\"__6 gsc4\"> </span>:<span class=\"__6 gsc4\"> </span>non<span class=\"__6 gsc4\"> </span>couv<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>t<span class=\"__6 gsc4\"> </span>par<span class=\"__6 gsc4\"> </span>l\u2019<span class=\"__6 _342\"></span>assis<span class=\"__6 _342\"></span>tance<span class=\"__6 gsc4\"> </span>de<span class=\"__6 gsc4\"> </span>Kroll<span class=\"__6 gsc4\"> </span>;<span class=\"__6 gsc4\"> </span>Non<span class=\"__6 gsc4\"> </span>a<span class=\"__6 _336\"></span>pplicable<span class=\"__6 gsc4\"> </span>:<span class=\"__6 gsc4\"> </span>a<span class=\"__6 _336\"></span>ucune<span class=\"__6 gsc4\"> </span>va<span class=\"__6 _342\"></span>leur<span class=\"__6 gsc4\"> </span>pr\u00e9sen<span class=\"__6 _342\"></span>te<span class=\"__6 gsc4\"> </span>\u00e0<span class=\"__6 gsc4\"> </span>ce<span class=\"__6 gsc4\"> </span>niveau<span class=\"__6 gsc4\"> </span>d<span class=\"__6 _336\"></span>ans<span class=\"__6 gsc4\"> </span>le<span class=\"__6 gsc4\"> </span>p<span class=\"__6 _336\"></span>ilier<span class=\"__6 gsc4\"> </span>concern\u00e9<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws77_1 gs64\">Il est \u00e0 n<span class=\"__6 _342\"></span>oter que Sofin<span class=\"__6 _342\"></span>a a fait appel \u00e0 Kroll, un<span class=\"__6 _336\"></span>e soci\u00e9t<span class=\"__6 _342\"></span>\u00e9 d\u2019<span class=\"__6 _335\"></span>\u00e9val<span class=\"__6 _336\"></span>ua<span class=\"__6 _342\"></span>tion ind\u00e9penda<span class=\"__6 _336\"></span>nt<span class=\"__6 _342\"></span>e, pour une<span class=\"__6 _342\"></span> </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws78_1 gs67\">assi<span class=\"__6 _342\"></span>stance d<span class=\"__6 _342\"></span>ans l\u2019<span class=\"__6 _335\"></span>\u00e9v<span class=\"__6 _336\"></span>alu<span class=\"__6 _342\"></span>ation des p<span class=\"__6 _336\"></span>articipa<span class=\"__6 _342\"></span>tions non co<span class=\"__6 _342\"></span>t\u00e9es d<span class=\"__6 _336\"></span>u portef<span class=\"__6 _336\"></span>euille Sofin<span class=\"__6 _336\"></span>a Direc<span class=\"__6 _342\"></span>t. L\u2019<span class=\"__6 _335\"></span>as<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws66_3 gs68\">sista<span class=\"__6 _342\"></span>nce fo<span class=\"__6 _342\"></span>urnie par Kr<span class=\"__6 _336\"></span>oll ne conc<span class=\"__6 _342\"></span>erne donc pas Sofin<span class=\"__6 _342\"></span>a Fond<span class=\"__6 _342\"></span>s Priv\u00e9<span class=\"__6 _336\"></span>s. L<span class=\"__6 _342\"></span>\u2019<span class=\"__6 _335\"></span>ensemble de ce<span class=\"__6 _342\"></span>s par<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></div><div class=\"t_6 m2b h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls3_6 ws5_6 gsc7\">ticipa<span class=\"__6 _342\"></span>tions non co<span class=\"__6 _342\"></span>t\u00e9es (le<span class=\"__6 _336\"></span>s \u00ab P<span class=\"__6 _342\"></span>articipa<span class=\"__6 _342\"></span>tions \u00bb), couv<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>tes pa<span class=\"__6 _342\"></span>r l\u2019<span class=\"__6 _342\"></span>assista<span class=\"__6 _342\"></span>nce de Kroll, r<span class=\"__6 _342\"></span>epr\u00e9s<span class=\"__6 _342\"></span>enten<span class=\"__6 _342\"></span>t </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws79_1 gsc8\">50% de la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _342\"></span>aleur du t<span class=\"__6 _336\"></span>ota<span class=\"__6 _342\"></span>l du portefe<span class=\"__6 _342\"></span>uille en tran<span class=\"__6 _336\"></span>spar<span class=\"__6 _342\"></span>ence, t<span class=\"__6 _342\"></span>el qu\u2019illustr<span class=\"__6 _342\"></span>\u00e9 ci-dessou<span class=\"__6 _336\"></span>s </div><div class=\"t_6 m1_6 h13_6 ff2_6 fsb_6 fc1_6 sc0_6 ls2_6 ws0_6 gsc9\">1<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls2_6 ws0_6 gsca\">. </div><div class=\"gscb\"><table class=\"s_1 w1f2 h2e_2\" id=\"_e195b119-0317-4aac-8afb-4a8de14d6c75\"><tr><td class=\"t_6 m0_6 xde_4 hc_6 y455_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">HI\u00c9RARCHIE DES </td><td class=\"t_6 m0_6 x2fb hc_6 y456_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">INVES<span class=\"__6 _336\"></span>TISSEMENTS </td><td class=\"t_6 m0_6 x2fc hc_6 y455_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">SOFIN<span class=\"__6 _336\"></span>A </td><td class=\"t_6 m0_6 x2fd hc_6 y455_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">SOFIN<span class=\"__6 _336\"></span>A FONDS </td><td class=\"t_6 m0_6 x2fe hc_6 y456_1 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">% DE CO<span class=\"__6 _336\"></span>UVE<span class=\"__6 _336\"></span>RTURE </td></tr><tr><td class=\"t_6 m0_6 xde_4 hc_6 y457_1 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">JUS<span class=\"__6 _342\"></span>TES V<span class=\"__6 _342\"></span>AL<span class=\"__6 _342\"></span>EURS<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x2fb hc_6 y458_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">MINORIT<span class=\"__6 _335\"></span>AIRES \u00c0 </td><td class=\"t_6 m0_6 x2fc hc_6 y457_1 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">CROISSANCE<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x2fd hc_6 y457_1 ff4_6 fs6_6 fc2_6 sc0_6 ls19_6 ws2c_6\">PR<span class=\"__6 _343\"></span>I<span class=\"__6 _343\"></span>V\u00c9S<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x2ff hc_6 y458_1 ff4_6 fs6_6 fc2_6 sc0_6 ls3d_4 ws7a_1\">KRO<span class=\"__6 _343\"></span>LL S<span class=\"__6 _343\"></span>UR<span class=\"__6 _343\"></span> LE<span class=\"__6 _343\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x2fb hc_6 y459_1 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">L<span class=\"__6 _342\"></span>ONG T<span class=\"__6 _343\"></span>ERME<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 x300 hc_6 y459_1 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">T<span class=\"__6 _342\"></span>OT<span class=\"__6 _335\"></span>AL DU NIV<span class=\"__6 _342\"></span>EAU<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"c_1 n_1 xe7_4 y45a_1 w1f3 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Niveau 1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x301 y45a_1 w1f4 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Non couvert<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x302 y45a_1 w1f5 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Non co<span class=\"__6 _336\"></span>uvert<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x303 y45a_1 w1f6 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Non applic<span class=\"__6 _336\"></span>able<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x304 y45a_1 w1f7 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y45b_1 w1f8 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Niveau 2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x305 y45b_1 w1f9 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Co<span class=\"__6 _342\"></span>uvert<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x306 y45b_1 w1fa h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Couvert<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x307 y45b_1 w1fb h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Non applicable<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x308 y45b_1 w1fc h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">100%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y45c_1 w1fd h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Niveau 3<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x309 y45c_1 w1fe h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">C<span class=\"__6 _336\"></span>ouvert<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x30a y45c_1 w1ff h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Couvert<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x30b y45c_1 w1f4 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Non couvert<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x30c y45c_1 w200 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">52%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w201 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l du portefe<span class=\"__6 _342\"></span>uille en transp<span class=\"__6 _336\"></span>aren<span class=\"__6 _342\"></span>ce<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td class=\"c_1 n_1 x30d y398_2 w202 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">50%<span class=\"__6 _341\"> </span></div></td></tr></table></div><div class=\"t_6 m2c h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls3a_4 wsb_6 gscc\">Ce<span class=\"__6 _336\"></span>tte a<span class=\"__6 _336\"></span>ssist<span class=\"__6 _342\"></span>ance a port\u00e9 sur diff\u00e9r<span class=\"__6 _342\"></span>ent<span class=\"__6 _342\"></span>es proc\u00e9d<span class=\"__6 _342\"></span>ures limit<span class=\"__6 _342\"></span>\u00e9es que Sofina a i<span class=\"__6 _336\"></span>dentifi<span class=\"__6 _342\"></span>\u00e9es et </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws7b gscd\">qu\u2019<span class=\"__6 _335\"></span>elle a deman<span class=\"__6 _336\"></span>d\u00e9 \u00e0 Kroll d\u2019<span class=\"__6 _335\"></span>eff<span class=\"__6 _336\"></span>ectuer<span class=\"__6 _335\"></span>. Dan<span class=\"__6 _342\"></span>s le cadre e<span class=\"__6 _342\"></span>t \u00e0 l\u2019issue de ces pr<span class=\"__6 _342\"></span>oc\u00e9dur<span class=\"__6 _336\"></span>es limit\u00e9<span class=\"__6 _336\"></span>es </div><div class=\"t_6 m1_6 h13_6 ff2_6 fsb_6 fc1_6 sc0_6 ls2_6 ws0_6 gsce\">2<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls2_6 ws0_6 gscf\">, </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws6c_3 gsd0\">Kroll a c<span class=\"__6 _342\"></span>onclu que la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _342\"></span>aleur des \u00ab P<span class=\"__6 _335\"></span>articipation<span class=\"__6 _342\"></span>s \u00bb, telle que d\u00e9t<span class=\"__6 _342\"></span>ermin\u00e9e par Sofin<span class=\"__6 _342\"></span>a, \u00e9tait </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws2_6 gsd1\">rai<span class=\"__6 _342\"></span>sonnable.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m2d h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls4_6 ws3_6 gsd2\">L<span class=\"__6 _342\"></span>es inves<span class=\"__6 _342\"></span>tissemen<span class=\"__6 _342\"></span>ts de Sofina F<span class=\"__6 _342\"></span>onds Priv<span class=\"__6 _342\"></span>\u00e9s dan<span class=\"__6 _342\"></span>s des fond<span class=\"__6 _336\"></span>s de capit<span class=\"__6 _336\"></span>al-risq<span class=\"__6 _336\"></span>ue et de cap<span class=\"__6 _342\"></span>ital-d\u00e9<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws7c gsd3\">veloppemen<span class=\"__6 _342\"></span>t sont \u00e9<span class=\"__6 _342\"></span>valu\u00e9<span class=\"__6 _342\"></span>s sur la base de<span class=\"__6 _336\"></span>s derniers r<span class=\"__6 _342\"></span>apports obten<span class=\"__6 _342\"></span>us des Gesti<span class=\"__6 _342\"></span>onnaires de<span class=\"__6 _342\"></span> </div><div class=\"t_6 m2e h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls3_6 ws3_6 gsd4\">ces f<span class=\"__6 _342\"></span>onds d\u2019inve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>t ju<span class=\"__6 _336\"></span>squ\u2019<span class=\"__6 _342\"></span>\u00e0 mi-ma<span class=\"__6 _342\"></span>rs et leur v<span class=\"__6 _342\"></span>alorisa<span class=\"__6 _336\"></span>tion ser<span class=\"__6 _342\"></span>a par con<span class=\"__6 _342\"></span>s\u00e9quent ba<span class=\"__6 _342\"></span>s\u00e9e soit </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws7d gsd5\">sur la ba<span class=\"__6 _342\"></span>se d\u2019un rapport au 3<span class=\"__6 _342\"></span>1 d\u00e9cembre 2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>5 soit sur la ba<span class=\"__6 _336\"></span>se d\u2019un r<span class=\"__6 _342\"></span>appor<span class=\"__6 _343\"></span>t au 30 sep<span class=\"__6 _342\"></span>tembre<span class=\"__6 _342\"></span> </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws7e gsd6\">2<span class=\"__6 _342\"></span>025<span class=\"__6 _336\"></span>. L<span class=\"__6 _342\"></span>es vale<span class=\"__6 _342\"></span>urs des r<span class=\"__6 _342\"></span>appor<span class=\"__6 _343\"></span>ts au 30 sep<span class=\"__6 _342\"></span>tembr<span class=\"__6 _342\"></span>e 20<span class=\"__6 _342\"></span>25 sont aj<span class=\"__6 _342\"></span>ust<span class=\"__6 _342\"></span>\u00e9es pour tenir com<span class=\"__6 _342\"></span>pte (i) </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws21_6 gsd7\">des lib\u00e9r<span class=\"__6 _342\"></span>ation<span class=\"__6 _336\"></span>s de capit<span class=\"__6 _336\"></span>al et de<span class=\"__6 _342\"></span>s distribution<span class=\"__6 _342\"></span>s sur<span class=\"__6 _343\"></span>venues de<span class=\"__6 _336\"></span>puis la d<span class=\"__6 _342\"></span>ate d\u2019<span class=\"__6 _335\"></span>\u00e9missio<span class=\"__6 _336\"></span>n du dernier </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws7f gsd8\">ra<span class=\"__6 _336\"></span>pport, (ii) des \u00e9vol<span class=\"__6 _342\"></span>utions des c<span class=\"__6 _342\"></span>ours de bour<span class=\"__6 _342\"></span>se des soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s cot<span class=\"__6 _336\"></span>\u00e9es d\u00e9t<span class=\"__6 _342\"></span>enues pa<span class=\"__6 _336\"></span>r ces f<span class=\"__6 _342\"></span>onds, </div><div class=\"t_6 m2f h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls4_6 ws5_6 gsd9\">et (iii) des \u00e9<span class=\"__6 _342\"></span>v\u00e9nemen<span class=\"__6 _342\"></span>ts significatifs qui se s<span class=\"__6 _336\"></span>ont pr<span class=\"__6 _342\"></span>oduits depuis c<span class=\"__6 _342\"></span>ette derni\u00e8r<span class=\"__6 _336\"></span>e dat<span class=\"__6 _342\"></span>e d\u2019<span class=\"__6 _335\"></span>\u00e9valu<span class=\"__6 _342\"></span>ation </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws80 gsda\">et la da<span class=\"__6 _342\"></span>te de cl\u00f4<span class=\"__6 _342\"></span>ture du 3<span class=\"__6 _342\"></span>1 d\u00e9cembr<span class=\"__6 _342\"></span>e 20<span class=\"__6 _336\"></span>25<span class=\"__6 _336\"></span>. L<span class=\"__6 _342\"></span>es vale<span class=\"__6 _342\"></span>urs au 31 d\u00e9<span class=\"__6 _336\"></span>cembr<span class=\"__6 _342\"></span>e 20<span class=\"__6 _342\"></span>25 ne son<span class=\"__6 _342\"></span>t quan<span class=\"__6 _342\"></span>t \u00e0 </div><div class=\"t_6 m30 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws5_6 gsdb\">elles pa<span class=\"__6 _342\"></span>s ajus<span class=\"__6 _336\"></span>t\u00e9e<span class=\"__6 _336\"></span>s \u00e9ta<span class=\"__6 _342\"></span>nt donn\u00e9 qu\u2019<span class=\"__6 _335\"></span>elles r<span class=\"__6 _342\"></span>efl\u00e8ten<span class=\"__6 _342\"></span>t la ju<span class=\"__6 _342\"></span>ste va<span class=\"__6 _342\"></span>leur \u00e0 la da<span class=\"__6 _342\"></span>te de cl\u00f4t<span class=\"__6 _342\"></span>ure. L<span class=\"__6 _342\"></span>es v<span class=\"__6 _336\"></span>aleu<span class=\"__6 _336\"></span>rs </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws74_1 gsdc\">re<span class=\"__6 _342\"></span>tenues son<span class=\"__6 _342\"></span>t enfin conv<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>ties en eu<span class=\"__6 _342\"></span>ros en utilisa<span class=\"__6 _342\"></span>nt le taux de c<span class=\"__6 _336\"></span>han<span class=\"__6 _342\"></span>ge de cl\u00f4tur<span class=\"__6 _342\"></span>e. L<span class=\"__6 _342\"></span>es fon<span class=\"__6 _336\"></span>ds </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws76_1 gsdd\">pour les<span class=\"__6 _342\"></span>quels un contr<span class=\"__6 _342\"></span>at d\u2019<span class=\"__6 _342\"></span>ach<span class=\"__6 _342\"></span>at et de v<span class=\"__6 _336\"></span>ent<span class=\"__6 _342\"></span>e a \u00e9t\u00e9 sign\u00e9 \u00e0 la d<span class=\"__6 _342\"></span>ate du pr<span class=\"__6 _342\"></span>\u00e9sen<span class=\"__6 _342\"></span>t Rapport annuel </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws1_6 gsde\">son<span class=\"__6 _342\"></span>t \u00e9val<span class=\"__6 _336\"></span>u\u00e9s con<span class=\"__6 _342\"></span>form\u00e9men<span class=\"__6 _342\"></span>t aux terme<span class=\"__6 _342\"></span>s de ce contr<span class=\"__6 _342\"></span>at d\u2019<span class=\"__6 _342\"></span>ach<span class=\"__6 _342\"></span>at et de ven<span class=\"__6 _342\"></span>te. A<span class=\"__6 _336\"></span>u 31 d\u00e9c<span class=\"__6 _336\"></span>embr<span class=\"__6 _342\"></span>e </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws81 gsdf\">2<span class=\"__6 _342\"></span>025<span class=\"__6 _336\"></span>, plus de 62% de l<span class=\"__6 _342\"></span>a just<span class=\"__6 _342\"></span>e valeur de So<span class=\"__6 _342\"></span>fina Fon<span class=\"__6 _342\"></span>ds Priv<span class=\"__6 _336\"></span>\u00e9s es<span class=\"__6 _342\"></span>t bas\u00e9e soit sur de<span class=\"__6 _342\"></span>s rapports </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws6_6 gse0\">au 3<span class=\"__6 _342\"></span>1 d\u00e9cembre 2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>5, soit sur des v<span class=\"__6 _342\"></span>alorisa<span class=\"__6 _336\"></span>tion<span class=\"__6 _336\"></span>s \u00e9ta<span class=\"__6 _342\"></span>blies sur la ba<span class=\"__6 _336\"></span>se de cour<span class=\"__6 _342\"></span>s de bourse ou<span class=\"__6 _342\"></span> </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gse1\">prix de tra<span class=\"__6 _342\"></span>nsaction<span class=\"__6 _342\"></span>s.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m10_2 h11_6 ffb_1 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gse2\">1<span class=\"__6 gsc4\"> </span><span class=\"__6 _346\"> </span><span class=\"__6 gsc4\"> </span><span class=\"__6 _340\"></span><span class=\"__6 gsc4\"> </span>Couvert<span class=\"__6 gsc4\"> </span>:<span class=\"__6 gsc4\"> </span>couv<span class=\"__6 _336\"></span>ert<span class=\"__6 gsc4\"> </span>par<span class=\"__6 gsc4\"> </span>l\u2019<span class=\"__6 _342\"></span>assist<span class=\"__6 _336\"></span>ance<span class=\"__6 gsc4\"> </span>de<span class=\"__6 gsc4\"> </span>Kr<span class=\"__6 _342\"></span>oll<span class=\"__6 gsc4\"> </span>;<span class=\"__6 gsc4\"> </span>Non<span class=\"__6 gsc4\"> </span>couvert<span class=\"__6 gsc4\"> </span>:<span class=\"__6 gsc4\"> </span>non<span class=\"__6 gsc4\"> </span>couv<span class=\"__6 _336\"></span>ert<span class=\"__6 gsc4\"> </span>par<span class=\"__6 gsc4\"> </span>l\u2019<span class=\"__6 _342\"></span>assist<span class=\"__6 _342\"></span>ance<span class=\"__6 gsc4\"> </span>de<span class=\"__6 gsc4\"> </span>Kroll<span class=\"__6 gsc4\"> </span>;<span class=\"__6 gsc4\"> </span>Non<span class=\"__6 gsc4\"> </span>appli<span class=\"__6 _336\"></span>cable<span class=\"__6 gsc4\"> </span>:<span class=\"__6 gsc4\"> </span>aucu<span class=\"__6 _336\"></span>ne<span class=\"__6 gsc4\"> </span>vale<span class=\"__6 _342\"></span>ur<span class=\"__6 gsc4\"> </span>pr\u00e9sen<span class=\"__6 _336\"></span>te<span class=\"__6 gsc4\"> </span>\u00e0<span class=\"__6 gsc4\"> </span>ce<span class=\"__6 gsc4\"> </span>niv<span class=\"__6 _342\"></span>eau<span class=\"__6 gsc4\"> </span>dans<span class=\"__6 gsc4\"> </span>le<span class=\"__6 gsc4\"> </span>pilier<span class=\"__6 gsc4\"> </span>c<span class=\"__6 _342\"></span>oncern\u00e9.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs4f\">2 <span class=\"__6 _347\"> </span> L<span class=\"__6 _336\"></span>es proc<span class=\"__6 _342\"></span>\u00e9dures limit<span class=\"__6 _342\"></span>\u00e9es ne correspon<span class=\"__6 _336\"></span>dent pa<span class=\"__6 _342\"></span>s \u00e0 un audit, \u00e0 une revue<span class=\"__6 _342\"></span>, \u00e0 une compila<span class=\"__6 _336\"></span>tion ou \u00e0 to<span class=\"__6 _336\"></span>ute autr<span class=\"__6 _342\"></span>e forme d\u2019<span class=\"__6 _342\"></span>exa<span class=\"__6 _342\"></span>men ou d\u2019<span class=\"__6 _336\"></span>atte<span class=\"__6 _342\"></span>station en r<span class=\"__6 _336\"></span>apport avec le<span class=\"__6 _342\"></span>s normes d\u2019<span class=\"__6 _342\"></span>audit g\u00e9n\u00e9ralemen<span class=\"__6 _342\"></span>t reconnue<span class=\"__6 _342\"></span>s. De plus, les pr<span class=\"__6 _342\"></span>oc\u00e9dure<span class=\"__6 _336\"></span>s limit\u00e9es n<span class=\"__6 _342\"></span>\u2019<span class=\"__6 _342\"></span>ont pas \u00e9<span class=\"__6 _336\"></span>t\u00e9 </div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs44\">effect<span class=\"__6 _336\"></span>u\u00e9es en pr<span class=\"__6 _336\"></span>\u00e9vision de o<span class=\"__6 _336\"></span>u en rela<span class=\"__6 _342\"></span>tion avec t<span class=\"__6 _342\"></span>out investis<span class=\"__6 _336\"></span>semen<span class=\"__6 _336\"></span>t r\u00e9ali<span class=\"__6 _342\"></span>s\u00e9 ou envisag\u00e9 par Sofin<span class=\"__6 _342\"></span>a. Ainsi, toute p<span class=\"__6 _342\"></span>ar<span class=\"__6 _343\"></span>tie envisagean<span class=\"__6 _342\"></span>t un investi<span class=\"__6 _342\"></span>ssement dan<span class=\"__6 _342\"></span>s ces \u00ab P<span class=\"__6 _342\"></span>articipation<span class=\"__6 _336\"></span>s \u00bb ou tout<span class=\"__6 _342\"></span>e partie envisagean<span class=\"__6 _342\"></span>t un investiss<span class=\"__6 _336\"></span>ement dir<span class=\"__6 _342\"></span>ectemen<span class=\"__6 _342\"></span>t au capital de </div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs45\">Sofina ne de<span class=\"__6 _342\"></span>vrait pas con<span class=\"__6 _336\"></span>sid\u00e9rer q<span class=\"__6 _336\"></span>ue la mise en \u0153uvr<span class=\"__6 _342\"></span>e de ces proc\u00e9d<span class=\"__6 _336\"></span>ure<span class=\"__6 _336\"></span>s limit\u00e9es pa<span class=\"__6 _342\"></span>r Kroll est suffisan<span class=\"__6 _342\"></span>te dan<span class=\"__6 _342\"></span>s l\u2019<span class=\"__6 _342\"></span>optique des inve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>ts susmenti<span class=\"__6 _336\"></span>onn\u00e9s. L<span class=\"__6 _342\"></span>es r\u00e9<span class=\"__6 _336\"></span>sultat<span class=\"__6 _336\"></span>s de l\u2019<span class=\"__6 _342\"></span>analyse de Kr<span class=\"__6 _342\"></span>oll ne doiven<span class=\"__6 _336\"></span>t pas \u00eatr<span class=\"__6 _342\"></span>e consid\u00e9r<span class=\"__6 _342\"></span>\u00e9s comme une att<span class=\"__6 _342\"></span>estation<span class=\"__6 _336\"></span> </div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs46\">d\u2019<span class=\"__6 _342\"></span>\u00e9quit\u00e9 r<span class=\"__6 _342\"></span>elative \u00e0 un<span class=\"__6 _342\"></span>e op\u00e9ration ou une a<span class=\"__6 _342\"></span>ttesta<span class=\"__6 _342\"></span>tion de solvabilit<span class=\"__6 _336\"></span>\u00e9. L<span class=\"__6 _342\"></span>es proc\u00e9dur<span class=\"__6 _342\"></span>es limit\u00e9es eff<span class=\"__6 _342\"></span>ectu\u00e9es par Kr<span class=\"__6 _342\"></span>oll compl\u00e8ten<span class=\"__6 _342\"></span>t les proc\u00e9dur<span class=\"__6 _342\"></span>es que Sofina est t<span class=\"__6 _342\"></span>enue de mettre en \u0153uvr<span class=\"__6 _342\"></span>e pour estimer la j<span class=\"__6 _342\"></span>uste va<span class=\"__6 _336\"></span>leur des \u00ab P<span class=\"__6 _342\"></span>articipation<span class=\"__6 _342\"></span>s \u00bb. Le r<span class=\"__6 _342\"></span>\u00e9sultat des </div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs47\">analy<span class=\"__6 _342\"></span>ses men\u00e9es par Kr<span class=\"__6 _342\"></span>oll a \u00e9t\u00e9 pris en com<span class=\"__6 _342\"></span>pte par Sofin<span class=\"__6 _336\"></span>a dan<span class=\"__6 _342\"></span>s son \u00e9valua<span class=\"__6 _342\"></span>tion de la just<span class=\"__6 _342\"></span>e valeur des \u00ab P<span class=\"__6 _342\"></span>articipati<span class=\"__6 _336\"></span>ons \u00bb.<span class=\"__6 _341\"> </span></div><div class=\"t_6 mf_3 h6_6 ff4_6 fs3_6 fc4_6 sc0_6 ls2_6 ws0_6 gse4\">M\u00e9thode<span class=\"__6 _342\"></span>s appliqu\u00e9es con<span class=\"__6 _342\"></span>form\u00e9men<span class=\"__6 _342\"></span>t \u00e0 la norme I<span class=\"__6 _342\"></span>FR<span class=\"__6 _336\"></span>S 13 pour d\u00e9t<span class=\"__6 _342\"></span>erminer la jus<span class=\"__6 _342\"></span>te vale<span class=\"__6 _342\"></span>ur des actifs non c<span class=\"__6 _342\"></span>ot\u00e9s de niv<span class=\"__6 _342\"></span>eau 3 du portef<span class=\"__6 _336\"></span>euille d\u2019inv<span class=\"__6 _336\"></span>esti<span class=\"__6 _342\"></span>ssemen<span class=\"__6 _342\"></span>t en tran<span class=\"__6 _342\"></span>sparenc<span class=\"__6 _342\"></span>e</div><div class=\"gse5\"><table class=\"s_1 w203 h2f_2\" id=\"_34ce1bfe-0307-48a5-bd32-50244c6ea573\"><tr><td class=\"t_6 m0_6 xde_4 hc_6 y45d_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">TECHNIQUE </td><td class=\"t_6 m0_6 x30e hc_6 y45d_1 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">UTIL<span class=\"__6 _336\"></span>ISA<span class=\"__6 _335\"></span>TION<span class=\"ls2_6 ws0_6\"> </span></td><td></td><td class=\"t_6 m0_6 x30f hc_6 y45e_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">DONN\u00c9ES </td><td class=\"t_6 m0_6 x310 hc_6 y45e_1 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">LI<span class=\"__6 _336\"></span>ENS E<span class=\"__6 _342\"></span>NTRE DONN\u00c9E<span class=\"__6 _342\"></span>S<span class=\"ls2_6\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hc_6 y45f_1 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">D\u2019\u00c9V<span class=\"__6 _342\"></span>ALUA<span class=\"__6 _335\"></span>TION<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30e hc_6 y45f_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">DE LA T<span class=\"__6 _343\"></span>ECHNIQUE<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 x30f hc_6 y460_1 ff4_6 fs6_6 fc2_6 sc0_6 ls24_6 ws82\">NON OBSERVABL<span class=\"__6 _342\"></span>ES<span class=\"ls2_6 ws0_6\"> </span></td><td class=\"t_6 m0_6 x310 hc_6 y460_1 ff4_6 fs6_6 fc2_6 sc0_6 ls24_6 ws82\">NON OBSERVABL<span class=\"__6 _342\"></span>ES<span class=\"ls2_6 ws0_6\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x30f hc_6 y461_1 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws57_4\">IMPORT<span class=\"__6 _342\"></span>ANT<span class=\"__6 _343\"></span>ES<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hc_6 y461_1 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">ET LA JUS<span class=\"__6 _342\"></span>TE V<span class=\"__6 _342\"></span>ALEUR<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y462_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Co\u00fbt d<span class=\"__6 _342\"></span>u capital is<span class=\"__6 _342\"></span>su de la </td><td class=\"t_6 m0_6 x310 hd_6 y462_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s le co\u00fbt du cap<span class=\"__6 _336\"></span>ital e<span class=\"__6 _336\"></span>st \u00e9lev<span class=\"__6 _342\"></span>\u00e9, </td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y463_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">calibr<span class=\"__6 _342\"></span>ation.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hd_6 y463_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">moin<span class=\"__6 _342\"></span>s la jus<span class=\"__6 _336\"></span>te va<span class=\"__6 _342\"></span>leur est \u00e9le<span class=\"__6 _336\"></span>v\u00e9e<span class=\"__6 _336\"></span>.<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y464_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>echnique de<span class=\"__6 _342\"></span>s flux de tr\u00e9sor<span class=\"__6 _342\"></span>erie </td><td class=\"t_6 m0_6 x30e hd_6 y464_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Appliqu\u00e9e pour le<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9<span class=\"__6 _336\"></span>s mat<span class=\"__6 _342\"></span>ures ou po<span class=\"__6 _336\"></span>ur les soci<span class=\"__6 _336\"></span>\u00e9t\u00e9<span class=\"__6 _342\"></span>s o\u00f9 suffisammen<span class=\"__6 _336\"></span>t d\u2019inf<span class=\"__6 _342\"></span>ormation e<span class=\"__6 _336\"></span>st </td><td></td><td class=\"t_6 m0_6 x30f hd_6 y464_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">V<span class=\"__6 _342\"></span>aleu<span class=\"__6 _342\"></span>r terminale sur ba<span class=\"__6 _336\"></span>se d\u2019un </td><td class=\"t_6 m0_6 x310 hd_6 y465_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s le taux de cr<span class=\"__6 _336\"></span>oissa<span class=\"__6 _342\"></span>nce \u00e0 long </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y466_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">actu<span class=\"__6 _342\"></span>alis\u00e9s ou Di<span class=\"__6 _336\"></span>scoun<span class=\"__6 _342\"></span>ted Ca<span class=\"__6 _342\"></span>sh Flow </td><td class=\"t_6 m0_6 x30e hd_6 y466_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">disponible.<span class=\"__6 _342\"></span> <span class=\"__6 _343\"></span><span class=\"ls2_6 ws0_6\"> </span></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y466_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">taux de c<span class=\"__6 _336\"></span>roi<span class=\"__6 _342\"></span>ssance \u00e0 long t<span class=\"__6 _342\"></span>erme.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hd_6 y467_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">terme e<span class=\"__6 _342\"></span>st \u00e9lev\u00e9, pl<span class=\"__6 _342\"></span>us la ju<span class=\"__6 _342\"></span>ste </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y468_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">model<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30e hd_6 y468_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Cett<span class=\"__6 _342\"></span>e m\u00e9thode con<span class=\"__6 _342\"></span>siste \u00e0 act<span class=\"__6 _342\"></span>ualiser des fl<span class=\"__6 _342\"></span>ux de tr\u00e9sor<span class=\"__6 _342\"></span>erie futurs a<span class=\"__6 _342\"></span>ttendus<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 x310 hd_6 y469_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">vale<span class=\"__6 _342\"></span>ur est \u00e9lev<span class=\"__6 _336\"></span>\u00e9e.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y46a_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">V<span class=\"__6 _342\"></span>aleu<span class=\"__6 _342\"></span>r terminale sur ba<span class=\"__6 _336\"></span>se d\u2019un </td><td class=\"t_6 m0_6 x310 hd_6 y46b_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s le multiple de sortie est </td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y46c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">multiple de sortie.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hd_6 y46d_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">\u00e9lev\u00e9<span class=\"__6 _342\"></span>, plus la j<span class=\"__6 _342\"></span>uste va<span class=\"__6 _342\"></span>leur est </td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x310 hd_6 y46e_1 ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws83\">\u00e9l<span class=\"__6 _343\"></span>ev\u00e9e.<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y46f_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiples de ma<span class=\"__6 _342\"></span>rch\u00e9 \u2013 multiple<span class=\"__6 _342\"></span>s des </td><td class=\"t_6 m0_6 x30e hd_6 y470_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">En l\u2019<span class=\"__6 _342\"></span>ab<span class=\"__6 _342\"></span>sence de tra<span class=\"__6 _336\"></span>nsac<span class=\"__6 _342\"></span>tion r\u00e9cen<span class=\"__6 _342\"></span>te sur la participa<span class=\"__6 _342\"></span>tion \u00e0 la da<span class=\"__6 _336\"></span>te de cl\u00f4<span class=\"__6 _342\"></span>ture et lor<span class=\"__6 _342\"></span>sque le </td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y471_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">ven<span class=\"__6 _342\"></span>tes ou de la m<span class=\"__6 _336\"></span>arge brut<span class=\"__6 _342\"></span>e ou de </td><td class=\"t_6 m0_6 x30e hd_6 y472_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Disco<span class=\"__6 _336\"></span>unt<span class=\"__6 _342\"></span>ed Cash Flo<span class=\"__6 _336\"></span>w model n\u2019<span class=\"__6 _335\"></span>est p<span class=\"__6 _336\"></span>as appliq<span class=\"__6 _342\"></span>u\u00e9. <span class=\"ls2_6\"> </span></td><td></td><td class=\"c_1 x313 y473_1 w204 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls3e_4 ws84\">D\u00e9<span class=\"__6 _343\"></span>cote</div><div class=\"t_6 m0_6 x311 hf_6 y3b2_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div><div class=\"t_6 m0_6 x312 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">issue de la c<span class=\"__6 _336\"></span>alibr<span class=\"__6 _336\"></span>ati<span class=\"__6 _336\"></span>on</div></td><td class=\"t_6 m0_6 x310 hd_6 y472_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s la d\u00e9cot<span class=\"__6 _336\"></span>e est \u00e9le<span class=\"__6 _342\"></span>v\u00e9e, moin<span class=\"__6 _342\"></span>s </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y474_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">l\u2019E<span class=\"__6 _342\"></span>BITDA ou de<span class=\"__6 _342\"></span>s reven<span class=\"__6 _342\"></span>us ou un mix </td><td class=\"t_6 m0_6 x30e hd_6 y475_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">L<span class=\"__6 _342\"></span>e principe de calibra<span class=\"__6 _342\"></span>tion est utilis<span class=\"__6 _342\"></span>\u00e9 pour d\u00e9terminer la d\u00e9<span class=\"__6 _336\"></span>cot<span class=\"__6 _342\"></span>e par rapport au pa<span class=\"__6 _342\"></span>nier de </td><td></td><td class=\"t_6 m0_6 x30f hd_6 y474_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">par r<span class=\"__6 _342\"></span>apport au groupe de </td><td class=\"t_6 m0_6 x310 hd_6 y475_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">la j<span class=\"__6 _336\"></span>ust<span class=\"__6 _342\"></span>e valeur e<span class=\"__6 _336\"></span>st \u00e9lev<span class=\"__6 _342\"></span>\u00e9e.<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y476_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">de ces m<span class=\"__6 _336\"></span>ultiples (sur la ba<span class=\"__6 _342\"></span>se de </td><td class=\"t_6 m0_6 x30e hd_6 y477_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s cot<span class=\"__6 _336\"></span>\u00e9es com<span class=\"__6 _342\"></span>parable<span class=\"__6 _342\"></span>s.<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y476_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s compar<span class=\"__6 _342\"></span>ables.<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y478_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s cot<span class=\"__6 _336\"></span>\u00e9es com<span class=\"__6 _342\"></span>parable<span class=\"__6 _342\"></span>s)<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y479_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">F<span class=\"__6 _342\"></span>acteur d\u2019<span class=\"__6 _335\"></span>actuali<span class=\"__6 _342\"></span>sation issu de la<span class=\"__6 _342\"></span> </td><td class=\"t_6 m0_6 x310 hd_6 y47a_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s le facteu<span class=\"__6 _336\"></span>r d\u2019<span class=\"__6 _342\"></span>actu<span class=\"__6 _336\"></span>alisa<span class=\"__6 _342\"></span>tion est </td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y47b_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">calibr<span class=\"__6 _342\"></span>ation.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hd_6 y47c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">\u00e9lev\u00e9<span class=\"__6 _342\"></span>, moins la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _342\"></span>aleur es<span class=\"__6 _336\"></span>t </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y47d_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Mod\u00e8le des r<span class=\"__6 _342\"></span>endement<span class=\"__6 _336\"></span>s att<span class=\"__6 _336\"></span>endu<span class=\"__6 _336\"></span>s </td><td class=\"c_1 n_1 x314 y47e_1 w205 h1d_6\" colspan=\"2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">L<span class=\"__6 _342\"></span>es start-up ou soci<span class=\"__6 _336\"></span>\u00e9t\u00e9<span class=\"__6 _342\"></span>s \u00ab early stage \u00bb<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x315 y47e_1 w206 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">ou certaine<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9<span class=\"__6 _336\"></span>s pour lesq<span class=\"__6 _342\"></span>uelles des sc\u00e9na<span class=\"__6 _342\"></span>rios<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"t_6 m0_6 x310 hd_6 y47f_1 ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws83\">\u00e9l<span class=\"__6 _343\"></span>ev\u00e9e.<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y480_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">pond\u00e9r<span class=\"__6 _336\"></span>\u00e9s pa<span class=\"__6 _336\"></span>r leur pr<span class=\"__6 _342\"></span>obabilit\u00e9 ou<span class=\"__6 _336\"></span> </td><td class=\"t_6 m0_6 x30e hd_6 y481_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">fortem<span class=\"__6 _336\"></span>ent diff<span class=\"__6 _336\"></span>\u00e9ren<span class=\"__6 _342\"></span>ts res<span class=\"__6 _342\"></span>tent pos<span class=\"__6 _336\"></span>sibles, lor<span class=\"__6 _342\"></span>sque les autr<span class=\"__6 _336\"></span>es m\u00e9<span class=\"__6 _336\"></span>thodes (tr<span class=\"__6 _342\"></span>ansacti<span class=\"__6 _342\"></span>on r\u00e9cen<span class=\"__6 _336\"></span>te,<span class=\"__6 _342\"></span> </td><td class=\"t_6 m0_6 x30f hd_6 y481_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">P<span class=\"__6 _342\"></span>oids a<span class=\"__6 _342\"></span>ttribu\u00e9s aux diff\u00e9r<span class=\"__6 _342\"></span>ents </td><td class=\"t_6 m0_6 x310 hd_6 y480_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s le poids du sc<span class=\"__6 _336\"></span>\u00e9nario<span class=\"__6 _342\"></span> </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y482_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">m\u00e9thode de<span class=\"__6 _342\"></span>s sc\u00e9nario<span class=\"__6 _342\"></span>s probabili<span class=\"__6 _342\"></span>s\u00e9s </td><td class=\"t_6 m0_6 x30e hd_6 y483_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">Disco<span class=\"__6 _336\"></span>unt<span class=\"__6 _342\"></span>ed Cash Flo<span class=\"__6 _336\"></span>w model, multiple<span class=\"__6 _336\"></span>s de mar<span class=\"__6 _342\"></span>ch\u00e9) ne peuv<span class=\"__6 _336\"></span>ent \u00ea<span class=\"__6 _342\"></span>tre appliqu\u00e9e<span class=\"__6 _336\"></span>s, son<span class=\"__6 _342\"></span>t </td><td class=\"t_6 m0_6 x30f hd_6 y483_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">sc\u00e9na<span class=\"__6 _342\"></span>rios (en g\u00e9n\u00e9ra<span class=\"__6 _342\"></span>l 3 \u00e0 </td><td class=\"t_6 m0_6 x310 hd_6 y482_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">pessimis<span class=\"__6 _342\"></span>te est \u00e9lev<span class=\"__6 _342\"></span>\u00e9, moin<span class=\"__6 _336\"></span>s la </td></tr><tr><td class=\"t_6 m0_6 xde_4 he_6 y484_1 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">(PWERM: P<span class=\"__6 _342\"></span>robability-W<span class=\"__6 _342\"></span>eight<span class=\"__6 _342\"></span>ed </td><td class=\"t_6 m0_6 x30e hd_6 y485_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">valori<span class=\"__6 _342\"></span>s\u00e9es sur la bas<span class=\"__6 _342\"></span>e de sc\u00e9nario<span class=\"__6 _336\"></span>s.<span class=\"ls2_6\"> </span></td><td class=\"t_6 m0_6 x30f hd_6 y485_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">4 sc\u00e9na<span class=\"__6 _342\"></span>rios, d\u2019<span class=\"__6 _335\"></span>extr\u00eam<span class=\"__6 _336\"></span>emen<span class=\"__6 _342\"></span>t </td><td class=\"t_6 m0_6 x310 hd_6 y484_1 ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws4a_4\">juste val<span class=\"__6 _343\"></span>eur<span class=\"__6 _343\"></span> est \u00e9<span class=\"__6 _343\"></span>lev\u00e9<span class=\"__6 _343\"></span>e.<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y486_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Expecte<span class=\"__6 _336\"></span>d Re<span class=\"__6 _342\"></span>turn Method)<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30e hd_6 y487_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">Ce<span class=\"__6 _336\"></span>s soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s sont v<span class=\"__6 _336\"></span>aloris\u00e9<span class=\"__6 _336\"></span>es sur la ba<span class=\"__6 _342\"></span>se de diff\u00e9ren<span class=\"__6 _342\"></span>ts sc\u00e9nari<span class=\"__6 _336\"></span>os fut<span class=\"__6 _336\"></span>urs a<span class=\"__6 _342\"></span>ttendus (r<span class=\"__6 _342\"></span>\u00e9sultat<span class=\"__6 _336\"></span>s </td><td class=\"t_6 m0_6 x30f hd_6 y487_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">pessimis<span class=\"__6 _342\"></span>tes \u00e0 optimis<span class=\"__6 _342\"></span>tes).<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y488 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">futur<span class=\"__6 _342\"></span>s de just<span class=\"__6 _342\"></span>es valeu<span class=\"__6 _336\"></span>rs pr<span class=\"__6 _342\"></span>obabilis\u00e9<span class=\"__6 _336\"></span>s).<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30f hd_6 y489 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">V<span class=\"__6 _342\"></span>aleu<span class=\"__6 _342\"></span>r de sor<span class=\"__6 _343\"></span>tie sur bas<span class=\"__6 _336\"></span>e d\u2019un </td><td class=\"t_6 m0_6 x310 hd_6 y48a ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s le multiple de sortie est </td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y48b ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">multiple de sortie.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hd_6 y48c ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">\u00e9lev\u00e9<span class=\"__6 _342\"></span>, plus la j<span class=\"__6 _342\"></span>uste va<span class=\"__6 _342\"></span>leur est </td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x310 hd_6 y48d ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws83\">\u00e9l<span class=\"__6 _343\"></span>ev\u00e9e.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td class=\"c_1 n_1 x314 y48e w205 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">L<span class=\"__6 _342\"></span>es start-up ou soci<span class=\"__6 _336\"></span>\u00e9t\u00e9<span class=\"__6 _342\"></span>s \u00ab early stage \u00bb<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x315 y48e w207 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">ou certaine<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9<span class=\"__6 _336\"></span>s pour lesq<span class=\"__6 _342\"></span>uelles des \u00e9tape<span class=\"__6 _342\"></span>s<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"t_6 m0_6 x310 hd_6 y48f ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Une d\u00e9co<span class=\"__6 _342\"></span>te est appliq<span class=\"__6 _336\"></span>u\u00e9e par<span class=\"__6 _336\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y490 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">importan<span class=\"__6 _342\"></span>tes r<span class=\"__6 _336\"></span>est<span class=\"__6 _342\"></span>ent \u00e0 fra<span class=\"__6 _342\"></span>nchir<span class=\"__6 _342\"></span>, lorsque les autr<span class=\"__6 _342\"></span>es m\u00e9thode<span class=\"__6 _342\"></span>s ne peuven<span class=\"__6 _342\"></span>t \u00eatre appliqu\u00e9<span class=\"__6 _336\"></span>es </td><td></td><td class=\"t_6 m0_6 x310 hd_6 y490 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">palier<span class=\"__6 _335\"></span>. Si un palier est fr<span class=\"__6 _342\"></span>anchi, </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y491 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">(tra<span class=\"__6 _342\"></span>nsaction r<span class=\"__6 _342\"></span>\u00e9cente<span class=\"__6 _342\"></span>, Discoun<span class=\"__6 _342\"></span>ted Ca<span class=\"__6 _336\"></span>sh Flow model, m<span class=\"__6 _336\"></span>ultiples de ma<span class=\"__6 _342\"></span>rch\u00e9, PWE<span class=\"__6 _342\"></span>RM), sont<span class=\"__6 _336\"></span> </td><td></td><td class=\"t_6 m0_6 x310 hd_6 y491 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">plus l<span class=\"__6 _336\"></span>a donn\u00e9e non ob<span class=\"__6 _336\"></span>servable </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y492 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">valori<span class=\"__6 _342\"></span>s\u00e9es selon la m\u00e9<span class=\"__6 _336\"></span>thode des mile<span class=\"__6 _336\"></span>ston<span class=\"__6 _336\"></span>es (\u00e9ta<span class=\"__6 _342\"></span>pes ou \u00e9v\u00e9n<span class=\"__6 _336\"></span>emen<span class=\"__6 _336\"></span>ts importan<span class=\"__6 _342\"></span>ts). <span class=\"ls2_6\"> </span></td><td class=\"t_6 m0_6 x30f hd_6 y492 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9cot<span class=\"__6 _342\"></span>e appliqu\u00e9e par pa<span class=\"__6 _342\"></span>lier </td><td class=\"t_6 m0_6 x310 hd_6 y492 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">augmen<span class=\"__6 _342\"></span>te ou diminue, pl<span class=\"__6 _342\"></span>us </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y493 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Milest<span class=\"__6 _342\"></span>ones appro<span class=\"__6 _336\"></span>ach<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30e hd_6 y493 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">Cett<span class=\"__6 _342\"></span>e m\u00e9thode con<span class=\"__6 _342\"></span>siste \u00e0 d\u00e9t<span class=\"__6 _342\"></span>erminer s\u2019il y a une indica<span class=\"__6 _342\"></span>tion de chan<span class=\"__6 _336\"></span>gemen<span class=\"__6 _336\"></span>t de ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur </td><td class=\"t_6 m0_6 x30f hd_6 y493 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">en fon<span class=\"__6 _336\"></span>ction des mile<span class=\"__6 _342\"></span>stones<span class=\"__6 _336\"></span> </td><td class=\"t_6 m0_6 x310 hd_6 y493 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">la j<span class=\"__6 _336\"></span>ust<span class=\"__6 _342\"></span>e valeur augm<span class=\"__6 _342\"></span>ente ou<span class=\"__6 _336\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y494 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">sur la ba<span class=\"__6 _336\"></span>se d\u2019un v\u00e9rifi<span class=\"__6 _336\"></span>cati<span class=\"__6 _342\"></span>on d\u2019un ou plusieu<span class=\"__6 _342\"></span>rs mileston<span class=\"__6 _336\"></span>es. Un o<span class=\"__6 _336\"></span>u plusi<span class=\"__6 _336\"></span>eurs mile<span class=\"__6 _342\"></span>stones son<span class=\"__6 _342\"></span>t </td><td class=\"t_6 m0_6 x30f hd_6 y494 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">pr\u00e9d\u00e9<span class=\"__6 _336\"></span>finis.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hd_6 y494 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">diminue. Si le pr<span class=\"__6 _342\"></span>emier palier n<span class=\"__6 _342\"></span>\u2019<span class=\"__6 _342\"></span>est<span class=\"__6 _336\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y495 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">commun<span class=\"__6 _336\"></span>\u00e9men<span class=\"__6 _342\"></span>t \u00e9tablis en f<span class=\"__6 _336\"></span>onction d<span class=\"__6 _342\"></span>u stade de d\u00e9veloppem<span class=\"__6 _342\"></span>ent de la soci\u00e9t<span class=\"__6 _342\"></span>\u00e9. L<span class=\"__6 _342\"></span>es mileston<span class=\"__6 _336\"></span>es </td><td></td><td class=\"t_6 m0_6 x310 hd_6 y495 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">pas fr<span class=\"__6 _342\"></span>anchi, plu<span class=\"__6 _342\"></span>s la donn\u00e9e non </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y496 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">peuven<span class=\"__6 _342\"></span>t inclur<span class=\"__6 _342\"></span>e des indica<span class=\"__6 _342\"></span>teurs fina<span class=\"__6 _342\"></span>nciers, de<span class=\"__6 _342\"></span>s indicat<span class=\"__6 _342\"></span>eurs tec<span class=\"__6 _336\"></span>hniques e<span class=\"__6 _336\"></span>t des indi<span class=\"__6 _336\"></span>cat<span class=\"__6 _342\"></span>eurs </td><td></td><td class=\"t_6 m0_6 x310 hd_6 y496 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">observable dimin<span class=\"__6 _336\"></span>ue, plu<span class=\"__6 _342\"></span>s la just<span class=\"__6 _342\"></span>e </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y497 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">mark<span class=\"__6 _342\"></span>etin<span class=\"__6 _342\"></span>g et commerci<span class=\"__6 _336\"></span>aux.<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 x310 hd_6 y497 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">vale<span class=\"__6 _342\"></span>ur diminue.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y498 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">Sur la ba<span class=\"__6 _336\"></span>se des dernier<span class=\"__6 _342\"></span>s rapports disponibles<span class=\"__6 _342\"></span>, obtenus de<span class=\"__6 _342\"></span>s Gestionnair<span class=\"__6 _342\"></span>es. <span class=\"ls2_6\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y499 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">Cett<span class=\"__6 _342\"></span>e m\u00e9thode con<span class=\"__6 _342\"></span>siste \u00e0 utiliser l<span class=\"__6 _342\"></span>a quote-part da<span class=\"__6 _342\"></span>ns les actifs n<span class=\"__6 _336\"></span>ets r<span class=\"__6 _342\"></span>apport\u00e9s aju<span class=\"__6 _342\"></span>st\u00e9e (i) des </td><td class=\"t_6 m0_6 x30f hd_6 y499 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">La ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur sur la base de </td><td class=\"t_6 m0_6 x310 hd_6 y49a ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s la donn\u00e9e non observable<span class=\"__6 _342\"></span> </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y49b ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Actif ne<span class=\"__6 _342\"></span>t r\u00e9\u00e9va<span class=\"__6 _342\"></span>lu\u00e9 ave<span class=\"__6 _336\"></span>c actifs </td><td class=\"t_6 m0_6 x30e hd_6 y49b ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">lib\u00e9ra<span class=\"__6 _342\"></span>tions de cap<span class=\"__6 _342\"></span>ital et des dis<span class=\"__6 _342\"></span>tributions survenues de<span class=\"__6 _336\"></span>puis la d<span class=\"__6 _336\"></span>at<span class=\"__6 _342\"></span>e d\u2019<span class=\"__6 _342\"></span>\u00e9mission du derni<span class=\"__6 _342\"></span>er </td><td class=\"t_6 m0_6 x30f hd_6 y49b ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">rapports de<span class=\"__6 _342\"></span>s Gestionnair<span class=\"__6 _342\"></span>es est </td><td class=\"t_6 m0_6 x310 hd_6 y49c ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">augmen<span class=\"__6 _342\"></span>te, plu<span class=\"__6 _342\"></span>s la just<span class=\"__6 _342\"></span>e valeur<span class=\"__6 _336\"></span> </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y49d ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">comp<span class=\"__6 _342\"></span>tabilis\u00e9<span class=\"__6 _336\"></span>s \u00e0 leur j<span class=\"__6 _342\"></span>uste va<span class=\"__6 _342\"></span>leur<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30e hd_6 y49d ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">rapport, (ii) des \u00e9<span class=\"__6 _342\"></span>volution<span class=\"__6 _342\"></span>s des cours de bo<span class=\"__6 _336\"></span>urse de<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9s c<span class=\"__6 _342\"></span>ot\u00e9es e<span class=\"__6 _336\"></span>t (iii) des \u00e9v<span class=\"__6 _342\"></span>\u00e9nements<span class=\"__6 _342\"></span> </td><td class=\"t_6 m0_6 x30f hd_6 y49d ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">con<span class=\"__6 _336\"></span>sid\u00e9r\u00e9<span class=\"__6 _336\"></span>e comme donn\u00e9e n<span class=\"__6 _342\"></span>on </td><td class=\"t_6 m0_6 x310 hd_6 y49e ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">augmen<span class=\"__6 _342\"></span>te.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y49f ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">significa<span class=\"__6 _342\"></span>tifs. Le<span class=\"__6 _342\"></span>s investiss<span class=\"__6 _336\"></span>emen<span class=\"__6 _342\"></span>ts sous-jacen<span class=\"__6 _342\"></span>ts du fon<span class=\"__6 _342\"></span>ds doiven<span class=\"__6 _342\"></span>t \u00eatre ra<span class=\"__6 _336\"></span>pport\u00e9s \u00e0 la j<span class=\"__6 _342\"></span>uste<span class=\"__6 _336\"></span> </td><td class=\"t_6 m0_6 x30f hd_6 y49f ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">observable<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4a0 ff2_6 fs7_6 fc1_6 sc0_6 ls3f_4 ws85\">v<span class=\"__6 _343\"></span>a<span class=\"__6 _343\"></span>l<span class=\"__6 _2f_4\"></span>e<span class=\"__6 _343\"></span>u<span class=\"__6 _2f_4\"></span>r.<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td></tr></table></div><div class=\"t_6 m0_6 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs53\">1 <span class=\"__6 _346\"> </span>  <span class=\"__6 _338\"></span> <span class=\"__6 _338\"></span>Da<span class=\"__6 _336\"></span>ns certain<span class=\"__6 _342\"></span>s cas, une sur<span class=\"__6 _342\"></span>cote es<span class=\"__6 _342\"></span>t appliqu\u00e9e par rapport au gr<span class=\"__6 _342\"></span>oupe de soci\u00e9t\u00e9<span class=\"__6 _336\"></span>s compar<span class=\"__6 _342\"></span>ables, \u00e9galemen<span class=\"__6 _342\"></span>t issue du principe de ca<span class=\"__6 _342\"></span>libration. D<span class=\"__6 _342\"></span>ans certains c<span class=\"__6 _342\"></span>as exce<span class=\"__6 _336\"></span>ptionnels<span class=\"__6 _342\"></span>, la d\u00e9cote e<span class=\"__6 _336\"></span>st estim\u00e9e su<span class=\"__6 _342\"></span>r la base d\u2019<span class=\"__6 _342\"></span>autres m<span class=\"__6 _336\"></span>\u00e9thodes que l<span class=\"__6 _336\"></span>a calibr<span class=\"__6 _336\"></span>ation.<span class=\"__6 _341\"> </span></div><div class=\"gse7\"><table class=\"s_1 w20b h31_2\" id=\"_0fcf567d-5f83-4a59-84a5-60d28aabde13\"><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4b5 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">A chaque f<span class=\"__6 _342\"></span>ois qu\u2019une tr<span class=\"__6 _342\"></span>ansac<span class=\"__6 _336\"></span>tion r\u00e9<span class=\"__6 _336\"></span>cen<span class=\"__6 _336\"></span>te et signifi<span class=\"__6 _342\"></span>cative a \u00e9t<span class=\"__6 _342\"></span>\u00e9 r\u00e9alis<span class=\"__6 _336\"></span>\u00e9e pour la pa<span class=\"__6 _342\"></span>r<span class=\"__6 _343\"></span>ticipa<span class=\"__6 _336\"></span>tion </td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4b6 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">\u00e0 la da<span class=\"__6 _342\"></span>te de cl\u00f4tur<span class=\"__6 _342\"></span>e et pour aut<span class=\"__6 _336\"></span>an<span class=\"__6 _342\"></span>t que la tran<span class=\"__6 _342\"></span>saction rem<span class=\"__6 _342\"></span>plisse les crit<span class=\"__6 _342\"></span>\u00e8res de ma<span class=\"__6 _336\"></span>rch<span class=\"__6 _342\"></span>\u00e9 et </td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4b7 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">d\u2019int<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>venan<span class=\"__6 _342\"></span>t de marc<span class=\"__6 _342\"></span>h\u00e9. <span class=\"ls2_6\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4b8 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Re<span class=\"__6 _342\"></span>tenons que le<span class=\"__6 _342\"></span>s IPEV V<span class=\"__6 _342\"></span>alu<span class=\"__6 _342\"></span>ation Guideline<span class=\"__6 _342\"></span>s ne consid\u00e8r<span class=\"__6 _342\"></span>ent plus le prix de l<span class=\"__6 _342\"></span>a transa<span class=\"__6 _342\"></span>ction </td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4b9 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">r\u00e9c<span class=\"__6 _342\"></span>ente comme u<span class=\"__6 _342\"></span>ne technique de v<span class=\"__6 _342\"></span>alorisation p<span class=\"__6 _336\"></span>ar d\u00e9fa<span class=\"__6 _342\"></span>ut mais plut\u00f4<span class=\"__6 _342\"></span>t comme un poin<span class=\"__6 _342\"></span>t de </td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y4ba ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Prix de l<span class=\"__6 _336\"></span>a derni\u00e8re tr<span class=\"__6 _342\"></span>ansac<span class=\"__6 _342\"></span>tion </td><td class=\"t_6 m0_6 x30e hd_6 y4bb ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">d\u00e9part de l\u2019<span class=\"__6 _335\"></span>estima<span class=\"__6 _342\"></span>tion de la ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur. P<span class=\"__6 _335\"></span>ar cons\u00e9q<span class=\"__6 _336\"></span>uent, le prix de l<span class=\"__6 _336\"></span>a tra<span class=\"__6 _336\"></span>nsac<span class=\"__6 _342\"></span>tion r\u00e9cen<span class=\"__6 _342\"></span>te </td><td class=\"t_6 m0_6 x30f hd_6 y4bb ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">La ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur de la derni\u00e8re </td><td class=\"t_6 m0_6 x310 hd_6 y4bb ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s la donn\u00e9e non observable<span class=\"__6 _342\"></span> </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y4bc ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">r\u00e9c<span class=\"__6 _342\"></span>ente (PO<span class=\"__6 _342\"></span>RI)<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30e hd_6 y4bd ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">comme t<span class=\"__6 _336\"></span>echnique de v<span class=\"__6 _342\"></span>alorisati<span class=\"__6 _336\"></span>on n\u2019<span class=\"__6 _335\"></span>est utilis<span class=\"__6 _336\"></span>\u00e9 que lorsq<span class=\"__6 _336\"></span>ue la tra<span class=\"__6 _342\"></span>nsaction r<span class=\"__6 _342\"></span>\u00e9cent<span class=\"__6 _336\"></span>e est<span class=\"__6 _336\"></span> </td><td class=\"t_6 m0_6 x30f hd_6 y4bd ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">tra<span class=\"__6 _342\"></span>nsaction es<span class=\"__6 _342\"></span>t consid\u00e9r<span class=\"__6 _342\"></span>\u00e9e </td><td class=\"t_6 m0_6 x310 hd_6 y4bd ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">augmen<span class=\"__6 _342\"></span>te, plu<span class=\"__6 _342\"></span>s la just<span class=\"__6 _342\"></span>e valeur<span class=\"__6 _336\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4be ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">suffisammen<span class=\"__6 _342\"></span>t proche de l<span class=\"__6 _342\"></span>a date de cl\u00f4<span class=\"__6 _342\"></span>ture (et r<span class=\"__6 _342\"></span>\u00e9pond aux crit<span class=\"__6 _342\"></span>\u00e8res de ma<span class=\"__6 _342\"></span>rch\u00e9 et d\u2019in<span class=\"__6 _342\"></span>tervenan<span class=\"__6 _342\"></span>t </td><td class=\"t_6 m0_6 x30f hd_6 y4be ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">comme donn\u00e9<span class=\"__6 _336\"></span>e non observable<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hd_6 y4be ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">augmen<span class=\"__6 _342\"></span>te.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4bf ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">de mar<span class=\"__6 _342\"></span>ch\u00e9). <span class=\"ls2_6\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4c0 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Da<span class=\"__6 _342\"></span>ns le cadr<span class=\"__6 _342\"></span>e de cette tec<span class=\"__6 _342\"></span>hnique d\u2019investi<span class=\"__6 _336\"></span>ssemen<span class=\"__6 _342\"></span>t, un investi<span class=\"__6 _336\"></span>ssemen<span class=\"__6 _342\"></span>t pour lequel un accor<span class=\"__6 _342\"></span>d </td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4c1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">d\u2019<span class=\"__6 _342\"></span>acha<span class=\"__6 _342\"></span>t et de vent<span class=\"__6 _342\"></span>e a \u00e9t\u00e9 sign\u00e9 es<span class=\"__6 _342\"></span>t \u00e9valu\u00e9 sur l<span class=\"__6 _342\"></span>a base des term<span class=\"__6 _342\"></span>es de l\u2019<span class=\"__6 _342\"></span>accord d\u2019<span class=\"__6 _335\"></span>achat et de<span class=\"__6 _342\"></span> </td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4c2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">ven<span class=\"__6 _342\"></span>te. En f<span class=\"__6 _342\"></span>onction des c<span class=\"__6 _336\"></span>ondition<span class=\"__6 _342\"></span>s de cl\u00f4tur<span class=\"__6 _342\"></span>e d\u00e9finies dan<span class=\"__6 _342\"></span>s l\u2019<span class=\"__6 _342\"></span>accord d\u2019<span class=\"__6 _335\"></span>achat et de v<span class=\"__6 _342\"></span>ente<span class=\"__6 _336\"></span>, les </td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4c3 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">proba<span class=\"__6 _342\"></span>bilit\u00e9s de cl\u00f4<span class=\"__6 _342\"></span>ture peuv<span class=\"__6 _342\"></span>ent \u00eatr<span class=\"__6 _342\"></span>e prises en comp<span class=\"__6 _342\"></span>te dan<span class=\"__6 _336\"></span>s l\u2019<span class=\"__6 _335\"></span>\u00e9val<span class=\"__6 _336\"></span>uati<span class=\"__6 _342\"></span>on.<span class=\"__6 _341\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y4c4 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">La ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur sur la base </td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4c5 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Da<span class=\"__6 _342\"></span>ns des ca<span class=\"__6 _336\"></span>s ex<span class=\"__6 _342\"></span>ceptionnel<span class=\"__6 _342\"></span>s, une autr<span class=\"__6 _336\"></span>e m\u00e9thodologi<span class=\"__6 _342\"></span>e est consi<span class=\"__6 _336\"></span>d\u00e9r\u00e9e a<span class=\"__6 _342\"></span>fin de mieux re<span class=\"__6 _336\"></span>fl\u00e9ter<span class=\"__6 _336\"></span> </td><td class=\"t_6 m0_6 x30f hd_6 y4c5 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">de rapports d'un e<span class=\"__6 _342\"></span>xper<span class=\"__6 _343\"></span>t est </td><td class=\"t_6 m0_6 x310 hd_6 y4c5 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s la donn\u00e9e non observable<span class=\"__6 _342\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4c6 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">la j<span class=\"__6 _336\"></span>ust<span class=\"__6 _342\"></span>e valeur de la o<span class=\"__6 _342\"></span>u d'une fracti<span class=\"__6 _336\"></span>on de la participa<span class=\"__6 _342\"></span>tion (par e<span class=\"__6 _336\"></span>xem<span class=\"__6 _336\"></span>ple un ra<span class=\"__6 _336\"></span>pport d'<span class=\"__6 _336\"></span>expertise </td><td class=\"t_6 m0_6 x30f hd_6 y4c6 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">con<span class=\"__6 _336\"></span>sid\u00e9r\u00e9<span class=\"__6 _336\"></span>e comme donn\u00e9e n<span class=\"__6 _342\"></span>on </td><td class=\"t_6 m0_6 x310 hd_6 y4c6 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">augmen<span class=\"__6 _342\"></span>te, plu<span class=\"__6 _342\"></span>s la just<span class=\"__6 _342\"></span>e valeur<span class=\"__6 _336\"></span> </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y4c7 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Autr<span class=\"__6 _342\"></span>es m\u00e9thodes<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30e hd_6 y4c8 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">de vale<span class=\"__6 _342\"></span>ur de terrain<span class=\"__6 _342\"></span>s ou biens). E<span class=\"__6 _342\"></span>n l'ab<span class=\"__6 _342\"></span>sence de prix activem<span class=\"__6 _342\"></span>ent n\u00e9goci\u00e9<span class=\"__6 _336\"></span>s, la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _336\"></span>aleur d'u<span class=\"__6 _336\"></span>n </td><td class=\"t_6 m0_6 x30f hd_6 y4c8 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">observable<span class=\"__6 _342\"></span>. Po<span class=\"__6 _336\"></span>ur l'<span class=\"__6 _342\"></span>approche p<span class=\"__6 _336\"></span>ar </td><td class=\"t_6 m0_6 x310 hd_6 y4c8 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">augmen<span class=\"__6 _342\"></span>te. P<span class=\"__6 _342\"></span>our l'<span class=\"__6 _342\"></span>approch<span class=\"__6 _342\"></span>e par </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4c9 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">inves<span class=\"__6 _342\"></span>tissement en titr<span class=\"__6 _342\"></span>es de dette e<span class=\"__6 _342\"></span>st g\u00e9n\u00e9ralem<span class=\"__6 _342\"></span>ent d\u00e9riv\u00e9e d'un<span class=\"__6 _336\"></span>e ana<span class=\"__6 _342\"></span>lyse de rendem<span class=\"__6 _336\"></span>ent<span class=\"__6 _336\"></span> </td><td class=\"t_6 m0_6 x30f hd_6 y4c9 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">le ren<span class=\"__6 _336\"></span>demen<span class=\"__6 _336\"></span>t d'un inve<span class=\"__6 _336\"></span>stissem<span class=\"__6 _342\"></span>ent </td><td class=\"t_6 m0_6 x310 hd_6 y4c9 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">le ren<span class=\"__6 _336\"></span>demen<span class=\"__6 _336\"></span>t, plus le r<span class=\"__6 _342\"></span>endement<span class=\"__6 _342\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4ca ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">tena<span class=\"__6 _342\"></span>nt comp<span class=\"__6 _342\"></span>te de la qualit<span class=\"__6 _342\"></span>\u00e9 du cr\u00e9dit, d<span class=\"__6 _342\"></span>u coupon et de l'<span class=\"__6 _342\"></span>\u00e9ch\u00e9an<span class=\"__6 _336\"></span>ce, ain<span class=\"__6 _342\"></span>si que de l'a<span class=\"__6 _336\"></span>pplica<span class=\"__6 _342\"></span>tion </td><td class=\"t_6 m0_6 x30f hd_6 y4ca ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">en titre<span class=\"__6 _342\"></span>s de dette, le r<span class=\"__6 _342\"></span>endement </td><td class=\"t_6 m0_6 x310 hd_6 y4ca ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">est \u00e9le<span class=\"__6 _342\"></span>v\u00e9, plus l<span class=\"__6 _342\"></span>a just<span class=\"__6 _342\"></span>e valeur es<span class=\"__6 _342\"></span>t </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4cb ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">du principe de ca<span class=\"__6 _342\"></span>librage (appr<span class=\"__6 _336\"></span>oche pa<span class=\"__6 _342\"></span>r le rendemen<span class=\"__6 _342\"></span>t).<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30f hd_6 y4cb ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">est c<span class=\"__6 _336\"></span>onsid\u00e9r<span class=\"__6 _342\"></span>\u00e9 comme une </td><td class=\"t_6 m0_6 x310 hd_6 y4cb ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">faible.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y4cc ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">donn\u00e9e non ob<span class=\"__6 _342\"></span>ser<span class=\"__6 _343\"></span>vable.<span class=\"__6 _341\"> </span></td><td></td></tr></table></div><div class=\"t_6 mf_3 h6_6 ff4_6 fs3_6 fc4_6 sc0_6 ls2_6 ws0_6 gse8\">M\u00e9thode a<span class=\"__6 _342\"></span>ppliqu\u00e9e pour allouer la ju<span class=\"__6 _342\"></span>ste v<span class=\"__6 _342\"></span>aleur es<span class=\"__6 _342\"></span>tim\u00e9e des capita<span class=\"__6 _342\"></span>ux propre<span class=\"__6 _342\"></span>s aux diff\u00e9ren<span class=\"__6 _342\"></span>tes c<span class=\"__6 _336\"></span>la<span class=\"__6 _342\"></span>sses d\u2019<span class=\"__6 _342\"></span>action<span class=\"__6 _342\"></span>s en fonc<span class=\"__6 _336\"></span>tion de leur<span class=\"__6 _342\"></span>s droits r<span class=\"__6 _342\"></span>espectifs</div><div class=\"gse9\"><table class=\"s_1 w208 h30_2\" id=\"_7cffa761-c8e4-4444-967a-9a9cf764a2e2\"><tr><td class=\"c_1 n_1 xe7_4 y4a1 w209 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">TECHNIQUE D\u2019\u00c9V<span class=\"__6 _342\"></span>AL<span class=\"__6 _342\"></span>UA<span class=\"__6 _342\"></span>TION<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x316 y4a1 w20a h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">UTILI<span class=\"__6 _336\"></span>SA<span class=\"__6 _335\"></span>TION DE LA TE<span class=\"__6 _342\"></span>CHNIQU<span class=\"__6 _336\"></span>E<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 x246 hc_6 y4a2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">DONN\u00c9ES NON OBSERVABL<span class=\"__6 _342\"></span>ES<span class=\"ls2_6 ws0_6\"> </span></td><td class=\"t_6 m0_6 x317 hc_6 y4a2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">LI<span class=\"__6 _336\"></span>ENS E<span class=\"__6 _342\"></span>NTRE DONN\u00c9E<span class=\"__6 _342\"></span>S NON OBS<span class=\"__6 _342\"></span>ERV<span class=\"__6 _342\"></span>ABL<span class=\"__6 _342\"></span>ES ET LA </td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x246 hc_6 y4a3 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws57_4\">IMPORT<span class=\"__6 _342\"></span>ANT<span class=\"__6 _343\"></span>ES<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x317 hc_6 y4a3 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">JUS<span class=\"__6 _342\"></span>TE V<span class=\"__6 _342\"></span>ALEUR<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x317 hd_6 y4a4 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Une augmen<span class=\"__6 _342\"></span>tation de l<span class=\"__6 _342\"></span>a volatilit<span class=\"__6 _336\"></span>\u00e9 peut soit<span class=\"__6 _342\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x318 hd_6 y4a5 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Appliqu\u00e9 pour le<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9s o<span class=\"__6 _342\"></span>\u00f9 les droits e<span class=\"__6 _342\"></span>t </td><td class=\"t_6 m0_6 x246 hd_6 y4a6 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">V<span class=\"__6 _342\"></span>olatilit<span class=\"__6 _342\"></span>\u00e9.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x317 hd_6 y4a6 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">augmen<span class=\"__6 _342\"></span>ter soit diminuer la j<span class=\"__6 _342\"></span>ust<span class=\"__6 _336\"></span>e vale<span class=\"__6 _342\"></span>ur en fonction<span class=\"__6 _342\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x318 hd_6 y4a7 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">les pr<span class=\"__6 _342\"></span>\u00e9f\u00e9ren<span class=\"__6 _336\"></span>ces pe<span class=\"__6 _336\"></span>uven<span class=\"__6 _342\"></span>t dif<span class=\"__6 _343\"></span>f\u00e9r<span class=\"__6 _336\"></span>er de mani<span class=\"__6 _336\"></span>\u00e8re<span class=\"__6 _336\"></span> </td><td></td><td class=\"t_6 m0_6 x317 hd_6 y4a8 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">des cla<span class=\"__6 _342\"></span>sses d'<span class=\"__6 _342\"></span>actions d\u00e9<span class=\"__6 _342\"></span>tenues.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td class=\"t_6 m0_6 x318 hd_6 y4a9 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">significa<span class=\"__6 _342\"></span>tive entr<span class=\"__6 _342\"></span>e les cat<span class=\"__6 _336\"></span>\u00e9gories d'<span class=\"__6 _342\"></span>action<span class=\"__6 _342\"></span>s. <span class=\"ls2_6\"> </span></td><td></td><td class=\"t_6 m0_6 x317 hd_6 y4aa ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Une augmen<span class=\"__6 _342\"></span>tation d<span class=\"__6 _342\"></span>u temps j<span class=\"__6 _342\"></span>usqu'<span class=\"__6 _342\"></span>\u00e0 l'e<span class=\"__6 _342\"></span>xpirati<span class=\"__6 _336\"></span>on </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y4ab ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">M\u00e9thode d'<span class=\"__6 _342\"></span>\u00e9v<span class=\"__6 _342\"></span>alua<span class=\"__6 _342\"></span>tion des option<span class=\"__6 _342\"></span>s </td><td class=\"t_6 m0_6 x318 hd_6 y4ac ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Appliqu\u00e9 lors<span class=\"__6 _342\"></span>qu'il est applica<span class=\"__6 _342\"></span>ble et pertinent (par<span class=\"__6 _342\"></span> </td><td class=\"t_6 m0_6 x246 hd_6 y4ac ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9lai d'<span class=\"__6 _342\"></span>expir<span class=\"__6 _342\"></span>ation (par e<span class=\"__6 _342\"></span>xemple, m<span class=\"__6 _342\"></span>oment de la </td><td class=\"t_6 m0_6 x317 hd_6 y4ab ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">peut soit a<span class=\"__6 _342\"></span>ugmenter so<span class=\"__6 _342\"></span>it diminuer la ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _336\"></span>ur </td></tr><tr><td></td><td class=\"t_6 m0_6 x318 hd_6 y4ad ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">ex<span class=\"__6 _342\"></span>emple, il exis<span class=\"__6 _342\"></span>te des dro<span class=\"__6 _342\"></span>its et des pr\u00e9<span class=\"__6 _342\"></span>f\u00e9renc<span class=\"__6 _342\"></span>es </td><td class=\"t_6 m0_6 x246 hd_6 y4ad ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">sortie ou \u00e9v<span class=\"__6 _342\"></span>\u00e9nement de liq<span class=\"__6 _336\"></span>uidit\u00e9).<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x317 hd_6 y4ae ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">en fon<span class=\"__6 _336\"></span>ction des c<span class=\"__6 _342\"></span>lasses d'<span class=\"__6 _342\"></span>action<span class=\"__6 _342\"></span>s d\u00e9tenues<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td class=\"t_6 m0_6 x318 hd_6 y4af ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">diff\u00e9ren<span class=\"__6 _342\"></span>ts pour cha<span class=\"__6 _342\"></span>que cat\u00e9gorie d'<span class=\"__6 _342\"></span>action<span class=\"__6 _342\"></span>s et les </td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x318 hd_6 y4b0 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">act<span class=\"__6 _336\"></span>eurs d<span class=\"__6 _342\"></span>u march<span class=\"__6 _342\"></span>\u00e9 tiennent com<span class=\"__6 _342\"></span>pte de ces d<span class=\"__6 _336\"></span>roit<span class=\"__6 _342\"></span>s </td><td></td><td class=\"t_6 m0_6 x317 hd_6 y4b1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Une augmen<span class=\"__6 _342\"></span>tation d<span class=\"__6 _342\"></span>u taux d'int<span class=\"__6 _336\"></span>\u00e9r\u00ea<span class=\"__6 _336\"></span>t peut soit<span class=\"__6 _342\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x318 hd_6 y4b2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">et pr<span class=\"__6 _342\"></span>\u00e9f\u00e9ren<span class=\"__6 _336\"></span>ces).<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x246 hd_6 y4b3 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>aux d'in<span class=\"__6 _342\"></span>t\u00e9r\u00ea<span class=\"__6 _342\"></span>t en devise locale<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x317 hd_6 y4b3 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">augmen<span class=\"__6 _342\"></span>ter soit diminuer la j<span class=\"__6 _342\"></span>ust<span class=\"__6 _336\"></span>e vale<span class=\"__6 _342\"></span>ur en fonction<span class=\"__6 _342\"></span> </td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x317 hd_6 y4b4 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">des cla<span class=\"__6 _342\"></span>sses d'<span class=\"__6 _342\"></span>actions d\u00e9<span class=\"__6 _342\"></span>tenues.<span class=\"__6 _341\"> </span></td></tr></table></div><div class=\"t_6 m1_6 h6_6 ff4_6 fs3_6 fc0_6 sc0_6 ls9_6 ws0_6 gs56\">2.4 JUS<span class=\"__6 _342\"></span>TE V<span class=\"__6 _335\"></span>AL<span class=\"__6 _336\"></span>EUR DU T<span class=\"__6 _342\"></span>O<span class=\"__6 _342\"></span>T<span class=\"__6 _344\"></span>AL DU PO<span class=\"__6 _342\"></span>RTEFEU<span class=\"__6 _336\"></span>IL<span class=\"__6 _342\"></span>LE<span class=\"__6 _335\"></span> <span class=\"__6 _a_5\"></span><span class=\"ls2_6\"> </span></div><div class=\"t_6 m1_6 h6_6 ff4_6 fs3_6 fc0_6 sc0_6 ls9_6 ws0_6 gseb\">D\u2019<span class=\"__6 _342\"></span>INVE<span class=\"__6 _342\"></span>STIS<span class=\"__6 _342\"></span>SEME<span class=\"__6 _342\"></span>NT EN TRAN<span class=\"__6 _342\"></span>SP<span class=\"__6 _335\"></span>AR<span class=\"__6 _336\"></span>EN<span class=\"__6 _336\"></span>CE<span class=\"__6 _341\"> </span></div><div class=\"gsec\"><table class=\"s_1 w20c h32_2\" id=\"_975afa88-235d-4ee7-8cc9-28f8f73bef23\"><tr><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x2c4 hb_6 y4cd ff4_6 fs5_6 fc0_6 sc0_6 ls2_6 ws29_6\">EN MILLIER<span class=\"__6 _342\"></span>S E<span class=\"__6 _343\"></span>UR<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td class=\"t_6 m0_6 x319 hc_6 y4ce ff4_6 fs6_6 fc2_6 sc0_6 ls1a_6 ws87\">TOT<span class=\"__6 _342\"></span>A<span class=\"__6 _343\"></span>L<span class=\"__6 _343\"></span> AU<span class=\"__6 _343\"></span> </td><td class=\"c_1 n_1 x31a y4cf w20d h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">NIVEA<span class=\"__6 _342\"></span>U 1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x31b y4cf w20e h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">NIVEA<span class=\"__6 _342\"></span>U 2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x31c y4cf w20f h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">NIVEA<span class=\"__6 _342\"></span>U 3<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td class=\"t_6 m0_6 x31d hc_6 y4d0 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">31/12/<span class=\"__6 _342\"></span>20<span class=\"__6 _336\"></span>25<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 xe7_4 y4d1 w210 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">P<span class=\"__6 _342\"></span>ortefe<span class=\"__6 _336\"></span>uille d\u2019inves<span class=\"__6 _342\"></span>tissement</div><div class=\"t_6 m0_6 x31e h14_6 y3b2_2 ff3_6 fs8_6 fc1_6 sc0_6 ls41_4 ws88\"><span class=\"__6 gsed\"> </span>1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x31f y4d1 w211 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _336\"></span>509<span class=\"__6 _342\"></span>.358<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x320 y4d1 w212 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">35<span class=\"__6 _342\"></span>1.<span class=\"__6 _342\"></span>135<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x321 y4d1 w213 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">19<span class=\"__6 _342\"></span>.414<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x322 y4d1 w214 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _335\"></span>138.809<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y4d2 w73_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofina Dir<span class=\"__6 _342\"></span>ect<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x323 y4d2 w215 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5.616<span class=\"__6 _342\"></span>.0<span class=\"__6 _336\"></span>29<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x324 y4d2 w216 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">35<span class=\"__6 _342\"></span>1.<span class=\"__6 _342\"></span>135<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x325 y4d2 w213 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">19<span class=\"__6 _342\"></span>.414<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x326 y4d2 w217 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5.2<span class=\"__6 _342\"></span>45.480<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y4d3 w7_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x327 y4d3 w218 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.95<span class=\"__6 _342\"></span>3.850<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x328 y4d3 w219 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls42_4 ws89\">283<span class=\"__6 _343\"></span>.<span class=\"__6 _343\"></span>31<span class=\"__6 _343\"></span>8<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x329 y4d3 w4_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x32a y4d3 w21a h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.6<span class=\"__6 _342\"></span>70<span class=\"__6 _342\"></span>.532<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y4d4 w9_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x32b y4d4 w1c6 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.662.<span class=\"__6 _335\"></span>179<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x32c y4d4 w21b h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1d_6 ws31_6\">6<span class=\"__6 _2f_4\"></span>7.<span class=\"__6 _a_5\"></span>8<span class=\"__6 _2f_4\"></span>1<span class=\"__6 _2f_4\"></span>7<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x32d y4d4 w21c h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">19<span class=\"__6 _342\"></span>.414<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x32e y4d4 w21d h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.<span class=\"__6 _336\"></span>5<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>4.94<span class=\"__6 _342\"></span>8<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y4d5 w7d_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofina F<span class=\"__6 _342\"></span>onds P<span class=\"__6 _342\"></span>riv\u00e9s<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x32f y4d5 w23_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4.89<span class=\"__6 _342\"></span>3.32<span class=\"__6 _342\"></span>9<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x330 y4d5 w21e h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x331 y4d5 w4_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x332 y4d5 w23_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4.89<span class=\"__6 _342\"></span>3.32<span class=\"__6 _342\"></span>9<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td class=\"t_6 m0_6 x319 hc_6 y4d6 ff4_6 fs6_6 fc2_6 sc0_6 ls1a_6 ws87\">TOT<span class=\"__6 _342\"></span>A<span class=\"__6 _343\"></span>L<span class=\"__6 _343\"></span> AU<span class=\"__6 _343\"></span> </td><td class=\"c_1 n_1 x31a y4d7 w20d h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">NIVEA<span class=\"__6 _342\"></span>U 1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x31b y4d7 w20e h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">NIVEA<span class=\"__6 _342\"></span>U 2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x31c y4d7 w20f h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">NIVEA<span class=\"__6 _342\"></span>U 3<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td class=\"t_6 m0_6 x31d hc_6 y4d8 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">31/12/<span class=\"__6 _342\"></span>20<span class=\"__6 _336\"></span>2<span class=\"__6 _342\"></span>4<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f7_2 w21f h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">P<span class=\"__6 _342\"></span>ortefe<span class=\"__6 _336\"></span>uille d\u2019inves<span class=\"__6 _342\"></span>tissement<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x333 y3f7_2 w220 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _342\"></span>054.258<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x334 y3f7_2 w221 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">491.443<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x335 y3f7_2 w4_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x336 y3f7_2 w222 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">9<span class=\"__6 _342\"></span>.562.815<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f8_2 w73_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofina Dir<span class=\"__6 _342\"></span>ect<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x337 y3f8_2 w74_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5.33<span class=\"__6 _342\"></span>1.222<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x338 y3f8_2 w221 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">491.443<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x339 y3f8_2 w21e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x33a y3f8_2 w223 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4.839<span class=\"__6 _342\"></span>.<span class=\"__6 _342\"></span>779<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y4d9 w7_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x33b y4d9 w1ea h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls29_6 ws3f_4\">3.06<span class=\"__6 _343\"></span>9.332<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x33c y4d9 w224 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">441.2<span class=\"__6 _342\"></span>19<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x33d y4d9 w21e h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x33e y4d9 wec_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.62<span class=\"__6 _342\"></span>8.<span class=\"__6 _342\"></span>113<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y4da w9_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x33f y4da w225 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.26<span class=\"__6 _342\"></span>1.889<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x340 y4da w226 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">50.<span class=\"__6 _343\"></span>224<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x341 y4da w21e h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x342 y4da w227 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.2<span class=\"__6 _342\"></span>11.665<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w7d_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofina F<span class=\"__6 _342\"></span>onds P<span class=\"__6 _342\"></span>riv\u00e9s<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x32f y398_2 w7e_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls29_6 ws3f_4\">4.723.036<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x343 y398_2 w21e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x344 y398_2 w21e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x345 y398_2 w228 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls29_6 ws3f_4\">4<span class=\"__6 _343\"></span>.723.036<span class=\"__6 _341\"> </span></div></td></tr></table></div><div class=\"t_6 m31 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws5_6 gsee\">L<span class=\"__6 _342\"></span>e por<span class=\"__6 _343\"></span>tef<span class=\"__6 _342\"></span>euille sous-j<span class=\"__6 _342\"></span>acent de<span class=\"__6 _336\"></span>s fon<span class=\"__6 _342\"></span>ds d\u00e9tenu<span class=\"__6 _342\"></span>s dans So<span class=\"__6 _342\"></span>fina Fon<span class=\"__6 _342\"></span>ds Priv<span class=\"__6 _336\"></span>\u00e9s es<span class=\"__6 _342\"></span>t compos\u00e9 d\u2019<span class=\"__6 _335\"></span>actifs </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws4c_4 gsef\">cot<span class=\"__6 _342\"></span>\u00e9s et non c<span class=\"__6 _336\"></span>ot<span class=\"__6 _336\"></span>\u00e9s. La j<span class=\"__6 _342\"></span>ust<span class=\"__6 _342\"></span>e valeur de<span class=\"__6 _342\"></span>s actifs cot<span class=\"__6 _342\"></span>\u00e9s</div><div class=\"t_6 m1_6 h13_6 ff2_6 fsb_6 fc1_6 sc0_6 ls2_6 ws8a gsf0\"> 2</div><div class=\"t_6 m1_6 h3_6 ff3_6 fs1_6 fc1_6 sc0_6 ls1_6 ws2_6 gsf1\"> <span class=\"__6 _2f_4\"></span>est <span class=\"__6 _2f_4\"></span>estim\u00e9e <span class=\"__6 _343\"></span>\u00e0 <span class=\"__6 _a_5\"></span>447<span class=\"__6 _335\"></span>.22<span class=\"__6 _342\"></span>4<span class=\"__6 gs2c\"> </span><span class=\"__6 _2f_4\"></span>milliers <span class=\"__6 _343\"></span>EUR <span class=\"__6 _a_5\"></span>au </div><div class=\"t_6 m1_6 h3_6 ff3_6 fs1_6 fc1_6 sc0_6 ls1_6 ws2_6 gsf2\">31/12/<span class=\"__6 _342\"></span>20<span class=\"__6 _342\"></span>25 et 443.<span class=\"__6 _342\"></span>07<span class=\"__6 _342\"></span>3<span class=\"__6 gs2c\"> </span>milliers EUR au 3<span class=\"__6 _342\"></span>1/12/2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>4.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 wsa_6 gsf3\">Au co<span class=\"__6 _336\"></span>urs de l\u2019<span class=\"__6 _335\"></span>ex<span class=\"__6 _342\"></span>ercic<span class=\"__6 _342\"></span>e, notr<span class=\"__6 _342\"></span>e participati<span class=\"__6 _342\"></span>on Ked<span class=\"__6 _336\"></span>aar<span class=\"__6 _342\"></span>a Norfolk Holdings (L<span class=\"__6 _342\"></span>ensk<span class=\"__6 _342\"></span>art) a \u00e9t\u00e9 tr<span class=\"__6 _342\"></span>ansf<span class=\"__6 _342\"></span>\u00e9<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws8b gsf4\">r\u00e9e d<span class=\"__6 _342\"></span>u niveau 3 ver<span class=\"__6 _342\"></span>s le niveau 2 et no<span class=\"__6 _342\"></span>tre participa<span class=\"__6 _342\"></span>tion Pine Lab<span class=\"__6 _342\"></span>s a \u00e9t\u00e9 tra<span class=\"__6 _342\"></span>nsf\u00e9r<span class=\"__6 _342\"></span>\u00e9e du nivea<span class=\"__6 _336\"></span>u </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gsf5\">3 ver<span class=\"__6 _342\"></span>s le niveau 1.<span class=\"__6 _341\"> </span></div><div class=\"t_6 mf_3 h6_6 ff4_6 fs3_6 fc4_6 sc0_6 ls2_6 ws0_6 gsf6\">Ana<span class=\"__6 _336\"></span>lyse de sen<span class=\"__6 _342\"></span>sibilit\u00e9 du nivea<span class=\"__6 _342\"></span>u 3 <span class=\"__6 _349\"> </span> <span class=\"__6 _10d\"> </span> </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 wsb_6 gsf7\">L<span class=\"__6 _342\"></span>e niveau 3 es<span class=\"__6 _342\"></span>t compos\u00e9 de titr<span class=\"__6 _342\"></span>es non cot<span class=\"__6 _342\"></span>\u00e9s soumis a<span class=\"__6 _342\"></span>u risque de prix, qui est n<span class=\"__6 _342\"></span>\u00e9anmoin<span class=\"__6 _342\"></span>s </div><div class=\"t_6 m32 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 lsb_6 ws13_6 gsf8\">amo<span class=\"__6 _342\"></span>indri par la gr<span class=\"__6 _342\"></span>ande diver<span class=\"__6 _342\"></span>sit\u00e9 d\u2019inves<span class=\"__6 _342\"></span>tissemen<span class=\"__6 _342\"></span>ts r\u00e9ali<span class=\"__6 _342\"></span>s\u00e9s par le gr<span class=\"__6 _342\"></span>oupe Sofina. L<span class=\"__6 _342\"></span>\u2019<span class=\"__6 _335\"></span>objectif </div><div class=\"t_6 m33 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 lsb_6 ws13_6 gsf9\">de cr<span class=\"__6 _342\"></span>\u00e9ation de va<span class=\"__6 _342\"></span>leur \u00e0 long term<span class=\"__6 _342\"></span>e poursuivi par le gr<span class=\"__6 _342\"></span>oupe Sofina c<span class=\"__6 _336\"></span>ontrib<span class=\"__6 _342\"></span>ue <span class=\"__6 _343\"></span>\u00e9galemen<span class=\"__6 _342\"></span>t \u00e0 </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gsfa\">att<span class=\"__6 _342\"></span>\u00e9nuer ce risque<span class=\"__6 _342\"></span>. </div><div class=\"t_6 m34 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls3_6 ws5_6 gsfb\">Au nivea<span class=\"__6 _342\"></span>u des inves<span class=\"__6 _336\"></span>tissem<span class=\"__6 _336\"></span>ent<span class=\"__6 _342\"></span>s dans de<span class=\"__6 _342\"></span>s fonds de ca<span class=\"__6 _336\"></span>pita<span class=\"__6 _336\"></span>l-risque e<span class=\"__6 _336\"></span>t de capit<span class=\"__6 _336\"></span>al-d\u00e9<span class=\"__6 _336\"></span>veloppemen<span class=\"__6 _342\"></span>t </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws8c gsfc\">de Sofina F<span class=\"__6 _342\"></span>onds P<span class=\"__6 _342\"></span>riv\u00e9s<span class=\"__6 _336\"></span>, les Ges<span class=\"__6 _342\"></span>tionnaire<span class=\"__6 _342\"></span>s peuvent s<span class=\"__6 _336\"></span>e d\u00e9cider plu<span class=\"__6 _342\"></span>s rapidem<span class=\"__6 _342\"></span>ent pour modifi<span class=\"__6 _342\"></span>er </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws1c_6 gsfd\">un \u00e9ca<span class=\"__6 _336\"></span>rt n\u00e9gatif<span class=\"__6 _342\"></span>. L<span class=\"__6 _342\"></span>e risque de ma<span class=\"__6 _336\"></span>rc<span class=\"__6 _336\"></span>h\u00e9 peut a<span class=\"__6 _342\"></span>ussi av<span class=\"__6 _342\"></span>oir un impact su<span class=\"__6 _336\"></span>r les titr<span class=\"__6 _342\"></span>es non cot<span class=\"__6 _342\"></span>\u00e9s de </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gsfe\">fa\u00e7on in<span class=\"__6 _342\"></span>direct<span class=\"__6 _336\"></span>e par r<span class=\"__6 _342\"></span>apport aux titres c<span class=\"__6 _342\"></span>ot\u00e9s sur le<span class=\"__6 _342\"></span>s mar<span class=\"__6 _336\"></span>ch\u00e9<span class=\"__6 _336\"></span>s bour<span class=\"__6 _336\"></span>siers<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws8d gsff\">En o<span class=\"__6 _336\"></span>utre<span class=\"__6 _342\"></span>, le risque de liquidit<span class=\"__6 _342\"></span>\u00e9 a un impact plu<span class=\"__6 _342\"></span>s importan<span class=\"__6 _336\"></span>t sur les titr<span class=\"__6 _342\"></span>es non co<span class=\"__6 _336\"></span>t\u00e9s q<span class=\"__6 _342\"></span>ue sur les </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws8e gs100\">titre<span class=\"__6 _342\"></span>s cot\u00e9<span class=\"__6 _342\"></span>s et ceci peut en<span class=\"__6 _342\"></span>tra\u00eener une difficult<span class=\"__6 _342\"></span>\u00e9 \u00e0 en estimer la v<span class=\"__6 _336\"></span>aleu<span class=\"__6 _336\"></span>r<span class=\"__6 _342\"></span>. Ce risq<span class=\"__6 _336\"></span>ue peut a<span class=\"__6 _342\"></span>voir un </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws68_3 gs101\">impac<span class=\"__6 _342\"></span>t sur la p\u00e9riode de d\u00e9ten<span class=\"__6 _342\"></span>tion des titr<span class=\"__6 _342\"></span>es non co<span class=\"__6 _336\"></span>t\u00e9s ain<span class=\"__6 _342\"></span>si que sur le prix de sortie. Il e<span class=\"__6 _336\"></span>st </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs102\">difficile de chiffrer l\u2019in<span class=\"__6 _342\"></span>fluence de ce<span class=\"__6 _342\"></span>s risques sur les titr<span class=\"__6 _342\"></span>es non co<span class=\"__6 _342\"></span>t\u00e9s du niv<span class=\"__6 _342\"></span>eau 3.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs52\">1 <span class=\"__6 _346\"> </span> V<span class=\"__6 _342\"></span>ous tro<span class=\"__6 _336\"></span>uver<span class=\"__6 _336\"></span>ez des inf<span class=\"__6 _342\"></span>ormation<span class=\"__6 _342\"></span>s sur le por<span class=\"__6 _343\"></span>tef<span class=\"__6 _336\"></span>euille d\u2019inve<span class=\"__6 _336\"></span>stissem<span class=\"__6 _342\"></span>ent figuran<span class=\"__6 _342\"></span>t au bilan au 3<span class=\"__6 _342\"></span>1 d\u00e9cembre 2<span class=\"__6 _342\"></span>025 s<span class=\"__6 _336\"></span>ous le poin<span class=\"__6 _342\"></span>t 2.<span class=\"__6 _342\"></span>1 ci-dessus.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs53\">2 <span class=\"__6 _347\"> </span>  <span class=\"__6 _340\"></span>Estim\u00e9 sur ba<span class=\"__6 _336\"></span>se des in<span class=\"__6 _336\"></span>forma<span class=\"__6 _342\"></span>tions disponibles f<span class=\"__6 _342\"></span>ournies par les Ge<span class=\"__6 _342\"></span>stionnaires<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span></div><div class=\"t_6 mf_3 h6_6 ff4_6 fs3_6 fc4_6 sc0_6 ls2_6 ws0_6 gs56\">Ana<span class=\"__6 _336\"></span>lyse de sen<span class=\"__6 _342\"></span>sibilit\u00e9 du portef<span class=\"__6 _342\"></span>euille d\u2019investi<span class=\"__6 _342\"></span>ssemen<span class=\"__6 _342\"></span>t en tran<span class=\"__6 _342\"></span>sparen<span class=\"__6 _336\"></span>ce de nive<span class=\"__6 _336\"></span>au 3 au 3<span class=\"__6 _342\"></span>1 d\u00e9cembr<span class=\"__6 _342\"></span>e 20<span class=\"__6 _342\"></span>25</div><div class=\"gs104\"><table class=\"s_1 w229 h33_2\" id=\"_2d010753-51a7-48de-a4eb-0990643fabb3\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x346 hb_6 y4db ff4_6 fs5_6 fc0_6 sc0_6 ls43_4 ws8f\">EN MILLIONS EUR<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x347 hc_6 y4dc ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">M\u00c9THODE </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hc_6 y4dd ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">TECHNIQUE </td><td class=\"t_6 m0_6 x348 hc_6 y4dd ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">JUS<span class=\"__6 _342\"></span>TE<span class=\"ls2_6 ws0_6\"> </span></td><td class=\"t_6 m0_6 x150_1 hc_6 y4dd ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">D'\u00c9V<span class=\"__6 _335\"></span>AL<span class=\"__6 _342\"></span>UA<span class=\"__6 _335\"></span>TION </td><td class=\"t_6 m0_6 x2c9 hc_6 y4dd ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">DONN\u00c9ES NON OBSERVABL<span class=\"__6 _342\"></span>ES<span class=\"ls2_6 ws0_6\"> </span></td><td></td><td class=\"t_6 m0_6 x349 hc_6 y4de ff4_6 fs6_6 fc2_6 sc0_6 ls24_6 ws3a_4\">SENSIBILIT\u00c9<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x34a hc_6 y4dd ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">IMP<span class=\"__6 _342\"></span>A<span class=\"__6 _342\"></span>CT </td><td class=\"t_6 m0_6 x34b hc_6 y4de ff4_6 fs6_6 fc2_6 sc0_6 ls24_6 ws3a_4\">SENSIBILIT\u00c9<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x34c hc_6 y4dd ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">IMP<span class=\"__6 _342\"></span>A<span class=\"__6 _342\"></span>CT </td></tr><tr><td class=\"t_6 m0_6 xde_4 hc_6 y4df ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">D\u2019\u00c9V<span class=\"__6 _342\"></span>ALUA<span class=\"__6 _335\"></span>TION<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x34d hc_6 y4df ff4_6 fs6_6 fc2_6 sc0_6 ls27_6 ws3d_4\">VA<span class=\"__6 _343\"></span>L<span class=\"__6 _2f_4\"></span>E<span class=\"__6 _2f_4\"></span>U<span class=\"__6 _2f_4\"></span>R<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x34e hc_6 y4df ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">DES OPTIONS </td><td class=\"t_6 m0_6 x2c9 hc_6 y4df ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">(MOYENNE PON<span class=\"__6 _343\"></span>D\u00c9R\u00c9E)<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 x34a hc_6 y4df ff4_6 fs6_6 fc2_6 sc0_6 ls27_6 ws3d_4\">VA<span class=\"__6 _343\"></span>L<span class=\"__6 _2f_4\"></span>E<span class=\"__6 _2f_4\"></span>U<span class=\"__6 _2f_4\"></span>R<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 x34c hc_6 y4df ff4_6 fs6_6 fc2_6 sc0_6 ls27_6 ws3d_4\">VA<span class=\"__6 _343\"></span>L<span class=\"__6 _2f_4\"></span>E<span class=\"__6 _2f_4\"></span>U<span class=\"__6 _2f_4\"></span>R<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x34f hc_6 y4e0 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws57_4\">APPLIQU\u00c9E<span class=\"__6 _343\"></span>?<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x350 y4e1 w22a h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Co\u00fbt d<span class=\"__6 _342\"></span>u capital is<span class=\"__6 _342\"></span>su de la calibra<span class=\"__6 _342\"></span>tion entr<span class=\"__6 _342\"></span>e 8% et 14% (13%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x351 y4e1 w22b h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x352 y4e1 w22c h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-113\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x353 y4e1 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x354 y4e1 w22e h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls3e_4 ws84\">121\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y4e2 w22f h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Disco<span class=\"__6 _336\"></span>unt<span class=\"__6 _342\"></span>ed Cash Flo<span class=\"__6 _336\"></span>w model<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x355 y4e2 w230 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.<span class=\"__6 _342\"></span>786<span class=\"__6 _342\"></span><span class=\"__6 gs3f\"> </span><span class=\"__6 _1f_4\"> </span></div></td><td class=\"c_1 n_1 x356 y4e2 w231 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x350 y4e2 w232 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>aux de c<span class=\"__6 _342\"></span>roissa<span class=\"__6 _342\"></span>nce perp\u00e9tuel (plu<span class=\"__6 _342\"></span>s appliqu\u00e9)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x357 y4e2 w233 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x358 y4e2 w234 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x359 y4e2 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x35a y4e2 w234 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x350 y4e3 w235 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple de sortie entr<span class=\"__6 _342\"></span>e 6,3x e<span class=\"__6 _336\"></span>t 16,<span class=\"__6 _342\"></span>6x (12,6x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x35b y4e3 w22b h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x35c y4e3 w236 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1e_6 ws32_6\">178\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x35d y4e3 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x35e y4e3 w237 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-178\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x350 y4e4 w238 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n des rev<span class=\"__6 _342\"></span>enus des soci\u00e9<span class=\"__6 _342\"></span>t\u00e9s compa<span class=\"__6 _342\"></span>rables en<span class=\"__6 _342\"></span>tre 0,<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>x et 6,<span class=\"__6 _336\"></span>3x (3,4x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x351 y4e4 w22b h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x35f y4e4 w239 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">6<span class=\"__6 _343\"></span>1\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x360 y4e4 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x361 y4e4 w23a h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls30_6 ws46_4\">-<span class=\"__6 _343\"></span>59<span class=\"__6 _343\"></span><span class=\"__6 gs3f\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x350 y4e5 w23b h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n de la marge brute de<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9<span class=\"__6 _336\"></span>s (5,6x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x35b y4e5 w22b h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x362 y4e5 w23c h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">1\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x363 y4e5 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x364 y4e5 w23d h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-1\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td class=\"c_1 n_1 x365 y4e6 w23e h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.65<span class=\"__6 _336\"></span>2\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x366 y4e6 w231 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x350 y4e6 w23f h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n de l\u2019EBITD<span class=\"__6 _342\"></span>A des soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s compa<span class=\"__6 _336\"></span>ra<span class=\"__6 _336\"></span>bles en<span class=\"__6 _342\"></span>tre 8,5x et 32,2x (17<span class=\"__6 _335\"></span>,<span class=\"__6 _336\"></span>9x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x367 y4e6 w233 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x368 y4e6 w240 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2e_6 ws44_4\">87\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x369 y4e6 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x36a y4e6 w241 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-90\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x350 y4e7 w242 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n du rev<span class=\"__6 _336\"></span>enu ne<span class=\"__6 _336\"></span>t des soci\u00e9<span class=\"__6 _342\"></span>t\u00e9s compa<span class=\"__6 _342\"></span>rables en<span class=\"__6 _342\"></span>tre 2,8x et 17<span class=\"__6 _335\"></span>,5x (16<span class=\"__6 _342\"></span>,6x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x36b y4e7 w22b h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x36c y4e7 w243 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">36\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x36d y4e7 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x36e y4e7 w244 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-36\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 x350 y4e8 w245 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9cot<span class=\"__6 _342\"></span>e issue de la calibr<span class=\"__6 _342\"></span>ation en<span class=\"__6 _342\"></span>tre 3% et 50%</div><div class=\"t_6 m0_6 x36f hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div><div class=\"t_6 m0_6 x370 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">(12%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x371 y4e8 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x372 y4e8 w246 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2e_6 ws44_4\">-<span class=\"__6 _343\"></span>23<span class=\"__6 _343\"></span><span class=\"__6 gs3f\"> </span><span class=\"__6 _350\"> </span></div></td><td class=\"c_1 n_1 x373 y4e8 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x374 y4e8 w247 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls3e_4 ws84\">25\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y4e9 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiples de ma<span class=\"__6 _342\"></span>rch\u00e9<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 x2c9 hd_6 y4ea ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n des soci\u00e9t\u00e9<span class=\"__6 _342\"></span>s compar<span class=\"__6 _336\"></span>ables en<span class=\"__6 _342\"></span>tre<span class=\"__6 _341\"> </span></td><td class=\"c_1 n_1 x375 y4eb w248 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">0,<span class=\"__6 _336\"></span>5x et 14x (6<span class=\"__6 _342\"></span>,4x)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x376 y4eb w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x377 y4eb w249 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">76<span class=\"__6 _343\"></span><span class=\"__6 gs3f\"> </span><span class=\"__6 _350\"> </span></div></td><td class=\"c_1 n_1 x378 y4eb w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x379 y4eb w24a h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-75\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x350 y4ec w24b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n de la marge brute de<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9<span class=\"__6 _336\"></span>s compa<span class=\"__6 _342\"></span>rables en<span class=\"__6 _342\"></span>tre 3x et 7<span class=\"__6 _335\"></span>,<span class=\"__6 _336\"></span>9x (6,2x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x37a y4ec w22b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x37b y4ec w24c h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">5\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x37c y4ec w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x37d y4ec w24d h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-5\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x350 y4ed w24e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n de l\u2019EBIT de<span class=\"__6 _336\"></span>s soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s compar<span class=\"__6 _342\"></span>ables (21,<span class=\"__6 _342\"></span>6x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x37e y4ed w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x37f y4ed w24f h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">2\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x380 y4ed w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x381 y4ed w250 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-<span class=\"__6 _343\"></span>2\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td class=\"c_1 n_1 x382 y4ee w251 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.3<span class=\"__6 _336\"></span>14\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x383 y4ee w252 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls36_5 ws51_4\">Oui<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 x350 y4ef w253 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9cot<span class=\"__6 _342\"></span>e issue de la calibr<span class=\"__6 _342\"></span>ation en<span class=\"__6 _342\"></span>tre 3% et 61%</div><div class=\"t_6 m0_6 x384 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">2<span class=\"__6 _341\"> </span></div><div class=\"t_6 m0_6 x385 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">(30%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x386 y4ef w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x387 y4ef w254 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2d_6 ws43_4\">-31\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x388 y4ef w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x389 y4ef w255 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">34\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x350 y4f0 w256 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">V<span class=\"__6 _342\"></span>olatilit<span class=\"__6 _342\"></span>\u00e9 entre 2<span class=\"__6 _342\"></span>3% et 78% (45%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x38a y4f0 w22b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x38b y4f0 w23c h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">1\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x38c y4f0 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x38d y4f0 w257 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-3\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x350 y4f1 w258 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9lai d\u2019<span class=\"__6 _335\"></span>expir<span class=\"__6 _336\"></span>ation en<span class=\"__6 _342\"></span>tre 1 ann<span class=\"__6 _342\"></span>\u00e9e et 10 ann\u00e9es (3 a<span class=\"__6 _342\"></span>nn\u00e9es)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x38e y4f1 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x38f y4f1 w259 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-3\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x390 y4f1 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x391 y4f1 w25a h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">3\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x350 y4f2 w25b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>aux d\u2019in<span class=\"__6 _342\"></span>t\u00e9r\u00ea<span class=\"__6 _342\"></span>t entre 0% e<span class=\"__6 _336\"></span>t 6% (3%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x351 y4f2 w22b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x392 y4f2 w25c h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-4\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x393 y4f2 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x394 y4f2 w25d h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">4\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y4f3 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws11_6\">Pr<span class=\"__6 _342\"></span>obability W<span class=\"__6 _336\"></span>eight<span class=\"__6 _342\"></span>ed Expected R<span class=\"__6 _342\"></span>eturns<span class=\"__6 _336\"></span> </td><td></td><td></td><td class=\"c_1 n_1 x350 y4f4 w25e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n des rev<span class=\"__6 _342\"></span>enus des soci\u00e9<span class=\"__6 _342\"></span>t\u00e9s (3,<span class=\"__6 _342\"></span>3x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x395 y4f4 w22b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x396 y4f4 w234 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x397 y4f4 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x398 y4f4 w234 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y4f5 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Model or Scena<span class=\"__6 _342\"></span>rio Methods (PWE<span class=\"__6 _342\"></span>RM)<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x399 he_6 y4f6 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">3\ue064<span class=\"__6 _341\"> </span></td><td class=\"c_1 n_1 x39a y4f7 w231 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x39b y4f7 w25f h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _336\"></span>n de la ma<span class=\"__6 _336\"></span>rge brute de<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9s (1,<span class=\"__6 _335\"></span>1x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x39c y4f7 w22b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x39d y4f7 w234 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x39e y4f7 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x39f y4f7 w234 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x350 y4f8 w260 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">P<span class=\"__6 _342\"></span>oids a<span class=\"__6 _342\"></span>ttribu\u00e9 aux sc\u00e9na<span class=\"__6 _336\"></span>rios n\u00e9ga<span class=\"__6 _342\"></span>tifs<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x3a0 y4f8 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3a1 y4f8 w261 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-<span class=\"__6 _343\"></span>1\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3a2 y4f8 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3a3 y4f8 w23c h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">1\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y4f9 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Actif ne<span class=\"__6 _342\"></span>t r\u00e9\u00e9va<span class=\"__6 _342\"></span>lu\u00e9 ave<span class=\"__6 _336\"></span>c actifs </td><td class=\"c_1 n_1 x3a4 y4fa w262 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4.90<span class=\"__6 _342\"></span>4\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3a5 y4fa w231 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non</div></td><td class=\"t_6 m0_6 x2c9 hd_6 y4f9 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">La ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur sur base de r<span class=\"__6 _336\"></span>apports des Ges<span class=\"__6 _342\"></span>tionnaires e<span class=\"__6 _342\"></span>st consid\u00e9r<span class=\"__6 _342\"></span>\u00e9e comme </td><td></td><td class=\"c_1 n_1 x3a6 y4fa w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3a7 y4fa w263 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">490<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3a8 y4fa w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3a9 y4fa w264 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-490\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y4fb w265 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">comp<span class=\"__6 _342\"></span>tabilis\u00e9<span class=\"__6 _336\"></span>s \u00e0 leur j<span class=\"__6 _342\"></span>uste va<span class=\"__6 _342\"></span>leur</div><div class=\"t_6 m0_6 x3aa h14_6 y395_2 ff3_6 fs8_6 fc1_6 sc0_6 ls41_4 ws88\"><span class=\"__6 gsed\"> </span>3<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"t_6 m0_6 x2c9 hd_6 y4fc ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">\u00e9ta<span class=\"__6 _336\"></span>nt un<span class=\"__6 _342\"></span>e valeur non ob<span class=\"__6 _342\"></span>ser<span class=\"__6 _343\"></span>vable.<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y4fd w266 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Milest<span class=\"__6 _342\"></span>ones appro<span class=\"__6 _336\"></span>ach<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3ab y4fd w267 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">93\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3ac y4fd w268 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3ad y4fd w269 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9cote de 2<span class=\"__6 _342\"></span>0% par pa<span class=\"__6 _342\"></span>lier (20%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"t_6 m0_6 x3ae hd_6 y4fe ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">P<span class=\"__6 _342\"></span>alie<span class=\"__6 _343\"></span>r </td><td class=\"t_6 m0_6 x3af he_6 y4ff ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0\ue064<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x3b0 hd_6 y4fe ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">P<span class=\"__6 _342\"></span>alie<span class=\"__6 _343\"></span>r </td><td class=\"t_6 m0_6 x3b1 he_6 y4ff ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0\ue064<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c_1 x3b3 y500 w26a h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">sup\u00e9rieur</div><div class=\"t_6 m0_6 x3b2 h14_6 y3b2_2 ff3_6 fs8_6 fc1_6 sc0_6 ls41_4 ws88\"><span class=\"__6 gsed\"> </span>4<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 x3b5 y500 w26b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">inf<span class=\"__6 _342\"></span>\u00e9rieur</div><div class=\"t_6 m0_6 x3b4 hf_6 y3b2_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">4<span class=\"__6 _341\"> </span></div></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y501 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Prix de l<span class=\"__6 _336\"></span>a derni\u00e8re tr<span class=\"__6 _342\"></span>ansac<span class=\"__6 _342\"></span>tion r\u00e9cen<span class=\"__6 _342\"></span>te </td><td class=\"c_1 n_1 x3b6 y502 w26c h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2d_6 ws43_4\">318\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3b7 y502 w26d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">No<span class=\"__6 _343\"></span>n<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 x2c9 hd_6 y501 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">La ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur de la derni\u00e8re tr<span class=\"__6 _342\"></span>ansacti<span class=\"__6 _342\"></span>on r\u00e9cen<span class=\"__6 _336\"></span>te es<span class=\"__6 _342\"></span>t consid\u00e9r<span class=\"__6 _342\"></span>\u00e9e comme \u00e9tan<span class=\"__6 _342\"></span>t une </td><td></td><td class=\"c_1 n_1 x3a6 y502 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3b8 y502 w26e h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">32\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3b9 y502 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3ba y502 w26f h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-32\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y503 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">(PO<span class=\"__6 _336\"></span>RI)<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 x2c9 hd_6 y503 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">vale<span class=\"__6 _342\"></span>ur non observable.<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x2c9 hd_6 y504 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">La ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur est con<span class=\"__6 _336\"></span>sid\u00e9r<span class=\"__6 _336\"></span>\u00e9e comme \u00e9t<span class=\"__6 _342\"></span>ant une v<span class=\"__6 _342\"></span>aleur non obs<span class=\"__6 _336\"></span>ervable. P<span class=\"__6 _342\"></span>our </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y505 w270 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Autr<span class=\"__6 _342\"></span>es m\u00e9thodes<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3bb y505 w271 h21_4\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">69\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3bc y505 w268 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non</div></td><td class=\"t_6 m0_6 x2c9 hd_6 y506 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">l\u2019<span class=\"__6 _342\"></span>approc<span class=\"__6 _336\"></span>he par le r<span class=\"__6 _342\"></span>endement, le r<span class=\"__6 _342\"></span>endemen<span class=\"__6 _336\"></span>t est con<span class=\"__6 _342\"></span>sid\u00e9r\u00e9 comm<span class=\"__6 _342\"></span>e une donn\u00e9e non </td><td></td><td class=\"c_1 n_1 x3a6 y505 w233 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3bd y505 w272 h21_4\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">7\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3be y505 w22d h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3bf y505 w273 h21_4\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-7\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x2c9 hd_6 y507 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">observable (4,<span class=\"__6 _342\"></span>9%).<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y508 w274 h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l du nivea<span class=\"__6 _336\"></span>u 3 (en tra<span class=\"__6 _336\"></span>nspa<span class=\"__6 _336\"></span>renc<span class=\"__6 _342\"></span>e)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3c0 y50a w275 h34_1\"><div class=\"t_6 m0_6 xe6_4 h10_6 y509 ffa_2 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _335\"></span>139\ue064<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y50b w276 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">El\u00e9men<span class=\"__6 _342\"></span>ts de r\u00e9concili<span class=\"__6 _336\"></span>ation<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3c1 y50b w277 h21_4\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff3_6 fs7_6 fc1_6 sc0_6 ls2e_6 ws44_4\">-231<span class=\"__6 _343\"></span><span class=\"__6 gs3f\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w278 h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l du nivea<span class=\"__6 _336\"></span>u 3 (\u00e9ta<span class=\"__6 _342\"></span>ts financiers)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3c2 y50c w157 h34_1\"><div class=\"t_6 m0_6 xe6_4 h10_6 y509 ffa_2 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">9.<span class=\"__6 _342\"></span>908\ue064<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table></div><div class=\"t_6 m35 h15_6 ffc fsc_5 fc1_6 sc0_6 ls45_4 ws0_6 gs105\">Les \u00e9l\u00e9ments de r\u00e9conciliation entr<span class=\"__6 _342\"></span>e la pr\u00e9sentation en transparence et la pr<span class=\"__6 _342\"></span>\u00e9sentation au bilan sont d\u00e9taill\u00e9s, tous niveaux c<span class=\"__6 _336\"></span>onfondus, au point 2.1 ci-dessus.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs4e\">1 <span class=\"__6 _346\"> </span> Da<span class=\"__6 _336\"></span>ns certain<span class=\"__6 _342\"></span>s cas, une sur<span class=\"__6 _342\"></span>cote es<span class=\"__6 _342\"></span>t appliqu\u00e9e par rapport au gr<span class=\"__6 _342\"></span>oupe de soci\u00e9t\u00e9<span class=\"__6 _336\"></span>s compar<span class=\"__6 _342\"></span>ables. L<span class=\"__6 _342\"></span>es surco<span class=\"__6 _342\"></span>tes appliqu\u00e9es v<span class=\"__6 _342\"></span>arient en<span class=\"__6 _336\"></span>tre 18% e<span class=\"__6 _336\"></span>t 72% (moy<span class=\"__6 _342\"></span>enne pond\u00e9r\u00e9e de 43%). D<span class=\"__6 _336\"></span>ans c<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>tains ca<span class=\"__6 _342\"></span>s excep<span class=\"__6 _342\"></span>tionnels, la d\u00e9cot<span class=\"__6 _342\"></span>e est estim\u00e9e sur l<span class=\"__6 _342\"></span>a base d\u2019<span class=\"__6 _342\"></span>autres </div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs43\">m\u00e9thodes q<span class=\"__6 _336\"></span>ue la calibr<span class=\"__6 _342\"></span>ation. </div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs50\">2 <span class=\"__6 _347\"> </span>  <span class=\"__6 _340\"></span>Dans c<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>tains ca<span class=\"__6 _342\"></span>s, une surco<span class=\"__6 _342\"></span>te est appliqu\u00e9e p<span class=\"__6 _336\"></span>ar ra<span class=\"__6 _336\"></span>pport au groupe de soci<span class=\"__6 _342\"></span>\u00e9t\u00e9s compa<span class=\"__6 _342\"></span>rables. L<span class=\"__6 _342\"></span>es surco<span class=\"__6 _342\"></span>tes appliqu\u00e9e<span class=\"__6 _336\"></span>s varien<span class=\"__6 _342\"></span>t entre 2% e<span class=\"__6 _342\"></span>t 1.168% (m<span class=\"__6 _336\"></span>oyenne pond\u00e9r<span class=\"__6 _342\"></span>\u00e9e de 141%). Da<span class=\"__6 _342\"></span>ns certains ca<span class=\"__6 _342\"></span>s excep<span class=\"__6 _342\"></span>tionnels, la d\u00e9co<span class=\"__6 _336\"></span>te est e<span class=\"__6 _342\"></span>stim\u00e9e sur la base d\u2019<span class=\"__6 _342\"></span>autr<span class=\"__6 _342\"></span>es </div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs45\">m\u00e9thodes q<span class=\"__6 _336\"></span>ue la calibr<span class=\"__6 _342\"></span>ation. </div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs52\">3 <span class=\"__6 _347\"> </span> Conc<span class=\"__6 _336\"></span>erne principalem<span class=\"__6 _336\"></span>ent le portef<span class=\"__6 _342\"></span>euille Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9<span class=\"__6 _336\"></span>s et de fa\u00e7<span class=\"__6 _342\"></span>on limit\u00e9e certaines participa<span class=\"__6 _342\"></span>tions de Sofina C<span class=\"__6 _342\"></span>roissa<span class=\"__6 _336\"></span>nce.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs53\">4 <span class=\"__6 _347\"> </span> Aucun pali<span class=\"__6 _336\"></span>er inf<span class=\"__6 _342\"></span>\u00e9rieur ou sup\u00e9rieur n<span class=\"__6 _336\"></span>\u2019<span class=\"__6 _342\"></span>a \u00e9t\u00e9 att<span class=\"__6 _342\"></span>eint.<span class=\"__6 _341\"> </span></div>Ana<span class=\"__6 _336\"></span>lyse de sen<span class=\"__6 _342\"></span>sibilit\u00e9 du portef<span class=\"__6 _342\"></span>euille d\u2019investi<span class=\"__6 _342\"></span>ssemen<span class=\"__6 _342\"></span>t en tran<span class=\"__6 _342\"></span>sparen<span class=\"__6 _336\"></span>ce de nive<span class=\"__6 _336\"></span>au 3 au 3<span class=\"__6 _342\"></span>1 d\u00e9cembr<span class=\"__6 _342\"></span>e 20<span class=\"__6 _342\"></span>2<span class=\"__6 _342\"></span>4<span class=\"__6 _341\"> </span><table class=\"s_1 w279 h35_1\" id=\"_552a38a3-f64f-48b5-a059-0e6758e3eb2a\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x101_3 hb_6 y50d ff4_6 fs5_6 fc0_6 sc0_6 ls43_4 ws8f\">EN MILLIONS EUR<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x3c3 hc_6 y50e ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">M\u00c9THODE </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hc_6 y50f ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">TECHNIQUE </td><td class=\"t_6 m0_6 x3c4 hc_6 y50f ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">JUS<span class=\"__6 _342\"></span>TE<span class=\"ls2_6 ws0_6\"> </span></td><td class=\"t_6 m0_6 x3c5 hc_6 y50f ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">D\u2019\u00c9V<span class=\"__6 _342\"></span>ALUA<span class=\"__6 _335\"></span>TION </td><td class=\"t_6 m0_6 x3c6 hc_6 y50f ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">DONN\u00c9ES NON OBSERVABL<span class=\"__6 _342\"></span>ES<span class=\"ls2_6 ws0_6\"> </span></td><td></td><td class=\"t_6 m0_6 x3c7 hc_6 y510 ff4_6 fs6_6 fc2_6 sc0_6 ls24_6 ws3a_4\">SENSIBILIT\u00c9<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 xe2_4 hc_6 y50f ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">IMP<span class=\"__6 _342\"></span>A<span class=\"__6 _342\"></span>CT </td><td class=\"t_6 m0_6 x3c8 hc_6 y510 ff4_6 fs6_6 fc2_6 sc0_6 ls24_6 ws3a_4\">SENSIBILIT\u00c9<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x155_1 hc_6 y50f ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">IMP<span class=\"__6 _342\"></span>A<span class=\"__6 _342\"></span>CT </td></tr><tr><td class=\"t_6 m0_6 xde_4 hc_6 y511 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">D\u2019\u00c9V<span class=\"__6 _342\"></span>ALUA<span class=\"__6 _335\"></span>TION<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x3c9 hc_6 y511 ff4_6 fs6_6 fc2_6 sc0_6 ls27_6 ws3d_4\">VA<span class=\"__6 _343\"></span>L<span class=\"__6 _2f_4\"></span>E<span class=\"__6 _2f_4\"></span>U<span class=\"__6 _2f_4\"></span>R<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x3ca hc_6 y511 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">DES OPTIONS </td><td class=\"t_6 m0_6 x3c6 hc_6 y511 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">(MOYENNE PON<span class=\"__6 _343\"></span>D\u00c9R\u00c9E)<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 xe2_4 hc_6 y511 ff4_6 fs6_6 fc2_6 sc0_6 ls27_6 ws3d_4\">VA<span class=\"__6 _343\"></span>L<span class=\"__6 _2f_4\"></span>E<span class=\"__6 _2f_4\"></span>U<span class=\"__6 _2f_4\"></span>R<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 x34c hc_6 y511 ff4_6 fs6_6 fc2_6 sc0_6 ls27_6 ws3d_4\">VA<span class=\"__6 _343\"></span>L<span class=\"__6 _2f_4\"></span>E<span class=\"__6 _2f_4\"></span>U<span class=\"__6 _2f_4\"></span>R<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x3cb hc_6 y512 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws57_4\">APPLIQU\u00c9E<span class=\"__6 _343\"></span>?<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y513 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Disco<span class=\"__6 _336\"></span>unt<span class=\"__6 _342\"></span>ed Cash Flo<span class=\"__6 _336\"></span>w </td><td></td><td></td><td class=\"c_1 n_1 x3cc y514 w27a h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Co\u00fbt d<span class=\"__6 _342\"></span>u capital is<span class=\"__6 _342\"></span>su de la calibra<span class=\"__6 _342\"></span>tion entr<span class=\"__6 _342\"></span>e 8% et 17% (13%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x3cd y514 w233 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3ce y514 w27b h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-117\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3cf y514 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3d0 y514 w27c h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls48_4 ws92\">1<span class=\"__6 _2f_4\"></span>27<span class=\"__6 _343\"></span><span class=\"__6 gs3f\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y515 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">model<span class=\"__6 _341\"> </span></td><td class=\"c_1 n_1 x2c2 y516 w27d h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.694\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3d1 y516 w231 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3cc y516 w232 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>aux de c<span class=\"__6 _342\"></span>roissa<span class=\"__6 _342\"></span>nce perp\u00e9tuel (plu<span class=\"__6 _342\"></span>s appliqu\u00e9)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x3d2 y516 w22b h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3d3 y516 w234 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3d4 y516 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3d5 y516 w234 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x3cc y517 w27e h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple de sortie entr<span class=\"__6 _342\"></span>e 8,6x et 17<span class=\"__6 _335\"></span>,2x (12,3x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x3d6 y517 w233 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3d7 y517 w27f h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">1<span class=\"__6 _343\"></span>20\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3d8 y517 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3d9 y517 w280 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-118\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x3cc y518 w281 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n des rev<span class=\"__6 _342\"></span>enus des soci\u00e9<span class=\"__6 _342\"></span>t\u00e9s compa<span class=\"__6 _342\"></span>rables en<span class=\"__6 _342\"></span>tre 0,<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>x et 17<span class=\"__6 _335\"></span>,6x (4,<span class=\"__6 _342\"></span>1x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x3da y518 w22b h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3db y518 w282 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">45\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3dc y518 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3dd y518 w283 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-45\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x3cc y519 w284 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n de la marge brute de<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9<span class=\"__6 _336\"></span>s (3,<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x3de y519 w233 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3df y519 w234 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3e0 y519 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3e1 y519 w261 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-<span class=\"__6 _343\"></span>1\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td class=\"c_1 n_1 x2c2 y51a w285 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.899\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3e2 y51a w268 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3cc y51a w286 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n de l\u2019EBITD<span class=\"__6 _342\"></span>A des soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s compa<span class=\"__6 _336\"></span>ra<span class=\"__6 _336\"></span>bles en<span class=\"__6 _342\"></span>tre 6,4x e<span class=\"__6 _336\"></span>t 28,<span class=\"__6 _342\"></span>9x (14,5x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x3e3 y51a w233 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3e4 y51a w287 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">116\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3e5 y51a w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3e6 y51a w288 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-126\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x3cc y51b w289 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n du rev<span class=\"__6 _336\"></span>enu ne<span class=\"__6 _336\"></span>t des soci\u00e9<span class=\"__6 _342\"></span>t\u00e9s compa<span class=\"__6 _342\"></span>rables en<span class=\"__6 _342\"></span>tre 3<span class=\"__6 _336\"></span>,3x et 11,6x (11x<span class=\"__6 _336\"></span>)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x3e7 y51b w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3e8 y51b w28a h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">6\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3e9 y51b w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3ea y51b w28b h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-6\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 x3cc y51c w28c h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9cot<span class=\"__6 _342\"></span>e issue de la calibr<span class=\"__6 _342\"></span>ation en<span class=\"__6 _342\"></span>tre 0% et 5<span class=\"__6 _336\"></span>2%</div><div class=\"t_6 m0_6 x3eb hf_6 y3b2_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div><div class=\"t_6 m0_6 x3ec hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">(9%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x3ed y51c w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3ee y51c w28d h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls35_5 ws10_6\">-<span class=\"__6 _343\"></span>24<span class=\"__6 _343\"></span><span class=\"__6 gs3f\"> </span><span class=\"__6 _351\"> </span></div></td><td class=\"c_1 n_1 x3ef y51c w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3f0 y51c w28e h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls35_5 ws10_6\">24<span class=\"__6 _343\"></span><span class=\"__6 gs3f\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y51d ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiples de ma<span class=\"__6 _342\"></span>rch\u00e9<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 x3c6 hd_6 y51e ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n des soci\u00e9t\u00e9<span class=\"__6 _342\"></span>s compar<span class=\"__6 _336\"></span>ables en<span class=\"__6 _342\"></span>tre<span class=\"__6 _341\"> </span></td><td class=\"c_1 n_1 x3f1 y51f w28f h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">0,<span class=\"__6 _336\"></span>5x et 10<span class=\"__6 _336\"></span>,<span class=\"__6 _342\"></span>7x (5,<span class=\"__6 _335\"></span>1x)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3f2 y51f w22b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3f3 y51f w290 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">5<span class=\"__6 _343\"></span>5\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3f4 y51f w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3f5 y51f w291 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-66\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x3cc y520 w292 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n de la marge brute de<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9<span class=\"__6 _336\"></span>s compa<span class=\"__6 _342\"></span>rables en<span class=\"__6 _342\"></span>tre 6x et 6<span class=\"__6 _342\"></span>,6x (6,5x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x3f6 y520 w22b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3f7 y520 w25a h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">3\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3f8 y520 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3f9 y520 w259 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-3\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x3cc y521 w293 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n du rev<span class=\"__6 _336\"></span>enu ne<span class=\"__6 _336\"></span>t des soci\u00e9<span class=\"__6 _342\"></span>t\u00e9s compa<span class=\"__6 _342\"></span>rables en<span class=\"__6 _342\"></span>tre 16<span class=\"__6 _342\"></span>,3x et 25,<span class=\"__6 _342\"></span>9x (19,<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x3fa y521 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3fb y521 w24f h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">2\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3fc y521 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3fd y521 w294 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-2\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td class=\"c_1 n_1 x3fe y522 w295 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.080<span class=\"__6 _336\"></span><span class=\"__6 gs3f\"> </span><span class=\"__6 _5d_3\"> </span></div></td><td class=\"c_1 n_1 x3ff y522 w252 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls36_5 ws51_4\">Oui<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 x3cc y522 w296 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9cot<span class=\"__6 _342\"></span>e issue de la calibr<span class=\"__6 _342\"></span>ation en<span class=\"__6 _342\"></span>tre 4% et 58%</div><div class=\"t_6 m0_6 x400 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">2<span class=\"__6 _341\"> </span></div><div class=\"t_6 m0_6 x3ec hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">(2<span class=\"__6 _342\"></span>4%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x401 y522 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x402 y522 w297 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-39<span class=\"__6 _336\"></span><span class=\"__6 gs3f\"> </span><span class=\"__6 _352\"> </span></div></td><td class=\"c_1 n_1 x403 y522 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x404 y522 w298 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1f_6 ws34_5\">28\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x3cc y523 w299 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">V<span class=\"__6 _342\"></span>olatilit<span class=\"__6 _342\"></span>\u00e9 entre 2<span class=\"__6 _342\"></span>3% et 7<span class=\"__6 _342\"></span>3% (44%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x405 y523 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x406 y523 w273 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-7\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x407 y523 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x408 y523 w24d h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-5\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x3cc y524 w29a h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9lai d\u2019<span class=\"__6 _335\"></span>expir<span class=\"__6 _336\"></span>ation en<span class=\"__6 _342\"></span>tre 0<span class=\"__6 _342\"></span>,5 ann\u00e9e et 6<span class=\"__6 _342\"></span>,6 ann\u00e9e<span class=\"__6 _342\"></span>s (3,3 ann\u00e9<span class=\"__6 _336\"></span>es)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x409 y524 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x40a y524 w29b h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-9\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x40b y524 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x40c y524 w250 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-<span class=\"__6 _343\"></span>2\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x3cc y525 w29c h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>aux d\u2019in<span class=\"__6 _342\"></span>t\u00e9r\u00ea<span class=\"__6 _342\"></span>t entre 0% e<span class=\"__6 _336\"></span>t 7% (4%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x40d y525 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x40e y525 w29d h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-<span class=\"__6 _343\"></span>8\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x40f y525 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x410 y525 w257 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-3\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y526 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Actif ne<span class=\"__6 _342\"></span>t r\u00e9\u00e9va<span class=\"__6 _342\"></span>lu\u00e9 ave<span class=\"__6 _336\"></span>c </td><td></td><td></td><td class=\"t_6 m0_6 x3c6 hd_6 y527 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">La ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur sur base de r<span class=\"__6 _336\"></span>apports des Ges<span class=\"__6 _342\"></span>tionnaires e<span class=\"__6 _342\"></span>st consid\u00e9r<span class=\"__6 _342\"></span>\u00e9e comme \u00e9ta<span class=\"__6 _342\"></span>nt </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y528 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">actifs com<span class=\"__6 _342\"></span>ptabilis<span class=\"__6 _336\"></span>\u00e9s \u00e0 leur<span class=\"__6 _342\"></span> </td><td class=\"c_1 n_1 x2c2 y529 w29e h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4.<span class=\"__6 _342\"></span>761\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x411 y529 w231 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 x3c6 hd_6 y52a ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">une va<span class=\"__6 _342\"></span>leur non observable<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span></td><td></td><td class=\"c_1 n_1 x412 y529 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x413 y529 w29f h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2f_6 ws45_4\">476\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x414 y529 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x415 y529 w2a0 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2f_6 ws45_4\">-<span class=\"__6 _343\"></span>47<span class=\"__6 _343\"></span>6\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y52b w2a1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws4a_4\">juste val<span class=\"__6 _343\"></span>eur</div><div class=\"t_6 m0_6 x127_1 hf_6 y3b2_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">3<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y52c w266 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Milest<span class=\"__6 _342\"></span>ones appro<span class=\"__6 _336\"></span>ach<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x416 y52c w2a2 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2d_6 ws43_4\">41\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x417 y52c w231 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x418 y52c w2a3 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9cot<span class=\"__6 _342\"></span>e de 20% pa<span class=\"__6 _336\"></span>r palier (2<span class=\"__6 _342\"></span>0%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"t_6 m0_6 x419 hd_6 y52d ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">P<span class=\"__6 _342\"></span>alie<span class=\"__6 _343\"></span>r </td><td class=\"t_6 m0_6 x14f_1 he_6 y52e ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">4\ue064<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x41a hd_6 y52f ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">P<span class=\"__6 _342\"></span>alie<span class=\"__6 _343\"></span>r </td><td class=\"t_6 m0_6 x41b he_6 y52e ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-4\ue064<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c_1 x12d_1 y530 w2a4 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">sup\u00e9rieur</div><div class=\"t_6 m0_6 x41c h14_6 y395_2 ff3_6 fs8_6 fc1_6 sc0_6 ls41_4 ws88\"><span class=\"__6 gsed\"> </span>4<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"t_6 m0_6 x34b hd_6 y531 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">inf<span class=\"__6 _342\"></span>\u00e9rieur<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y532 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Prix de l<span class=\"__6 _336\"></span>a derni\u00e8re<span class=\"__6 _342\"></span> </td><td class=\"c_1 n_1 x41d y533 w2a5 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">17\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x41e y533 w231 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 x3c6 hd_6 y532 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">La ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur de la derni\u00e8re tr<span class=\"__6 _342\"></span>ansacti<span class=\"__6 _342\"></span>on r\u00e9cen<span class=\"__6 _336\"></span>te es<span class=\"__6 _342\"></span>t consid\u00e9r<span class=\"__6 _342\"></span>\u00e9e comme \u00e9tan<span class=\"__6 _342\"></span>t une </td><td></td><td class=\"c_1 n_1 x412 y533 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x41f y533 w24f h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">2\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x420 y533 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x421 y533 w294 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-2\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y534 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">tra<span class=\"__6 _342\"></span>nsaction r<span class=\"__6 _342\"></span>\u00e9cente (P<span class=\"__6 _342\"></span>ORI)<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 x3c6 hd_6 y534 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">vale<span class=\"__6 _342\"></span>ur non observable.<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x3c6 hd_6 y535 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws93\">La ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur est con<span class=\"__6 _336\"></span>sid\u00e9r\u00e9<span class=\"__6 _336\"></span>e comme \u00e9t<span class=\"__6 _342\"></span>ant une v<span class=\"__6 _342\"></span>aleur non obs<span class=\"__6 _336\"></span>ervable. P<span class=\"__6 _342\"></span>our l\u2019<span class=\"__6 _342\"></span>appr<span class=\"__6 _342\"></span>oche </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y536 w270 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Autr<span class=\"__6 _342\"></span>es m\u00e9thodes<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x422 y536 w2a5 h21_4\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">71\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x423 y536 w268 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non</div></td><td class=\"t_6 m0_6 x3c6 hd_6 y537 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">par le r<span class=\"__6 _342\"></span>endement, le r<span class=\"__6 _342\"></span>endement e<span class=\"__6 _342\"></span>st consid\u00e9r<span class=\"__6 _342\"></span>\u00e9 comme une donn\u00e9e n<span class=\"__6 _336\"></span>on observable </td><td></td><td class=\"c_1 n_1 x412 y536 w233 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x424 y536 w2a6 h21_4\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">7\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x425 y536 w22d h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x426 y536 w273 h21_4\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-7\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x3c6 hd_6 y538 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">(4,9%).<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 h10_6 y539 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l du nivea<span class=\"__6 _336\"></span>u 3 (en </td><td class=\"t_6 m0_6 x3c4 h10_6 y53a ffa_2 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">9<span class=\"__6 _342\"></span>.563\ue064<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 h10_6 y53b ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">tra<span class=\"__6 _336\"></span>nspa<span class=\"__6 _336\"></span>renc<span class=\"__6 _342\"></span>e)<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y53c w276 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">El\u00e9men<span class=\"__6 _342\"></span>ts de r\u00e9concili<span class=\"__6 _336\"></span>ation<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x427 y53c w2a7 h21_4\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff3_6 fs7_6 fc1_6 sc0_6 ls29_6 ws3f_4\">-<span class=\"__6 _343\"></span>72\ue064<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 h10_6 y53d ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l du nivea<span class=\"__6 _336\"></span>u 3 (\u00e9ta<span class=\"__6 _342\"></span>ts </td><td class=\"t_6 m0_6 x428 h10_6 y53e ffa_2 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">9<span class=\"__6 _342\"></span>.491\ue064<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 h10_6 y53f ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">financier<span class=\"__6 _342\"></span>s)<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>L<span class=\"__6 _342\"></span>es \u00e9l\u00e9men<span class=\"__6 _342\"></span>ts de r\u00e9concili<span class=\"__6 _342\"></span>ation en<span class=\"__6 _342\"></span>tre la pr<span class=\"__6 _336\"></span>\u00e9sen<span class=\"__6 _342\"></span>tation en tr<span class=\"__6 _342\"></span>ansp<span class=\"__6 _336\"></span>ar<span class=\"__6 _342\"></span>ence et la pr<span class=\"__6 _342\"></span>\u00e9sent<span class=\"__6 _342\"></span>ation au bil<span class=\"__6 _342\"></span>an sont d\u00e9<span class=\"__6 _342\"></span>taill\u00e9s, to<span class=\"__6 _342\"></span>us niveaux con<span class=\"__6 _342\"></span>fond<span class=\"__6 _342\"></span>us, au poin<span class=\"__6 _342\"></span>t 2.<span class=\"__6 _342\"></span>1 ci-dessu<span class=\"__6 _342\"></span>s.<span class=\"__6 _341\"> </span>1 <span class=\"__6 _346\"> </span> Da<span class=\"__6 _336\"></span>ns certain<span class=\"__6 _342\"></span>s cas ex<span class=\"__6 _336\"></span>cepti<span class=\"__6 _336\"></span>onnels, un<span class=\"__6 _336\"></span>e surco<span class=\"__6 _342\"></span>te est appliqu\u00e9e p<span class=\"__6 _336\"></span>ar ra<span class=\"__6 _336\"></span>pport au groupe de soci<span class=\"__6 _342\"></span>\u00e9t\u00e9s compa<span class=\"__6 _342\"></span>rables. L<span class=\"__6 _342\"></span>es surco<span class=\"__6 _342\"></span>tes appliqu\u00e9e<span class=\"__6 _336\"></span>s varien<span class=\"__6 _342\"></span>t entre 1% e<span class=\"__6 _342\"></span>t 1.132% (m<span class=\"__6 _342\"></span>oyenne pond\u00e9r\u00e9e de 5<span class=\"__6 _342\"></span>3%). Dans c<span class=\"__6 _336\"></span>ertains ca<span class=\"__6 _342\"></span>s excep<span class=\"__6 _336\"></span>tionnels, l<span class=\"__6 _342\"></span>a d\u00e9cote est e<span class=\"__6 _342\"></span>stim\u00e9e sur base d\u2019<span class=\"__6 _342\"></span>autr<span class=\"__6 _342\"></span>es m\u00e9thodes que la ca<span class=\"__6 _342\"></span>libration.<span class=\"__6 _341\"> </span>2 <span class=\"__6 _347\"> </span> Da<span class=\"__6 _336\"></span>ns certain<span class=\"__6 _342\"></span>s cas ex<span class=\"__6 _336\"></span>cepti<span class=\"__6 _336\"></span>onnels, un<span class=\"__6 _336\"></span>e surco<span class=\"__6 _342\"></span>te est appliqu\u00e9e p<span class=\"__6 _336\"></span>ar ra<span class=\"__6 _336\"></span>pport au groupe de soci<span class=\"__6 _342\"></span>\u00e9t\u00e9s compa<span class=\"__6 _342\"></span>rables. L<span class=\"__6 _342\"></span>es surco<span class=\"__6 _342\"></span>tes appliqu\u00e9e<span class=\"__6 _336\"></span>s varien<span class=\"__6 _342\"></span>t entre 7% e<span class=\"__6 _342\"></span>t 1.492% (moyenne pond\u00e9r\u00e9e de 17<span class=\"__6 _342\"></span>6). Dan<span class=\"__6 _342\"></span>s certains cas e<span class=\"__6 _342\"></span>xceptionnel<span class=\"__6 _342\"></span>s, la d\u00e9cote e<span class=\"__6 _342\"></span>st estim\u00e9e sur base d\u2019<span class=\"__6 _342\"></span>autr<span class=\"__6 _342\"></span>es m\u00e9thodes que la ca<span class=\"__6 _342\"></span>libration.<span class=\"__6 _341\"> </span>3 <span class=\"__6 _347\"> </span> Conc<span class=\"__6 _336\"></span>erne principalem<span class=\"__6 _336\"></span>ent le portef<span class=\"__6 _342\"></span>euille Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9<span class=\"__6 _336\"></span>s et de fa\u00e7<span class=\"__6 _342\"></span>on limit\u00e9e certaines participa<span class=\"__6 _342\"></span>tions de Sofina C<span class=\"__6 _342\"></span>roissa<span class=\"__6 _336\"></span>nce..<span class=\"__6 _341\"> </span>4 <span class=\"__6 _347\"> </span> Aucun pali<span class=\"__6 _336\"></span>er sup\u00e9rieur n<span class=\"__6 _342\"></span>\u2019a \u00e9t<span class=\"__6 _342\"></span>\u00e9 attein<span class=\"__6 _336\"></span>t.<div class=\"t_7 m1_7 h2_7 ff2_7 fs1_7 fc1_7 sc0_7 ls1_7 ws0_7 gs34_1\">3.<span class=\"__7 _355\"></span>3 D\u00c9P<span class=\"__7 _355\"></span>\u00d4<span class=\"__7 _355\"></span>TS ET AUTR<span class=\"__7 _355\"></span>ES A<span class=\"__7 _361\"></span>CTIF<span class=\"__7 _361\"></span>S FINA<span class=\"__7 _355\"></span>NC<span class=\"__7 _355\"></span>IER<span class=\"__7 _355\"></span>S COU<span class=\"__7 _355\"></span>RANTS<span class=\"__7 _357\"> </span></div><div class=\"gs35_1\"><table class=\"s_2 w6f_2 h22_5\" id=\"_1a2290d7-a5d4-4aaf-bd75-4b1cf7f61e0a\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y386_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x143_2 y387_3 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x144_2 y387_3 w3_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y35d_3 w88_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">D\u00e9p\u00f4t<span class=\"__7 _355\"></span>s</div><div class=\"t_7 m2_7 x145_2 hf_7 y36c_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x146_2 y35d_3 w19_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x147_2 y35d_3 w89_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">75.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35e_3 w8a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Pla<span class=\"__7 _355\"></span>cements de tr<span class=\"__7 _355\"></span>\u00e9sor<span class=\"__7 _355\"></span>erie<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x148_2 y35e_3 w8b_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.398.6<span class=\"__7 _355\"></span>72<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x149_2 y35e_3 w8c_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">45<span class=\"__7 _355\"></span>1.925<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y388_4 w8d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls22_7 ws1e_7\">Autres<span class=\"__7 _359\"></span> cr\u00e9ances<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14a_2 y388_4 w8e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.366<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14b_2 y388_4 w8f_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">3.5<span class=\"__7 _359\"></span>44<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w90_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">D\u00e9p\u00f4ts e<span class=\"__7 _355\"></span>t autres a<span class=\"__7 _355\"></span>ctifs financier<span class=\"__7 _355\"></span>s coura<span class=\"__7 _355\"></span>nts<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14c_2 y35f_3 w91_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">1.408.0<span class=\"__7 _355\"></span>38<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14d_2 y35f_3 w92_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">5<span class=\"__7 _355\"></span>30.469<span class=\"__7 _357\"> </span></div></td></tr></table></div><div class=\"t_7 mb_5 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws25_7 gs36_1\">L<span class=\"__7 _355\"></span>es plac<span class=\"__7 _355\"></span>ements de tr<span class=\"__7 _355\"></span>\u00e9sor<span class=\"__7 _355\"></span>erie son<span class=\"__7 _355\"></span>t \u00e9va<span class=\"__7 _355\"></span>lu\u00e9s \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r par le biai<span class=\"__7 _355\"></span>s du comp<span class=\"__7 _355\"></span>te de r\u00e9<span class=\"__7 _355\"></span>sultats<span class=\"__7 _355\"></span>.</div><div class=\"t_7 ma_5 h10_7 ff9_4 fs8_7 fc4_7 sc0_7 ls1f_7 ws0_7 gs31_1\">1 <span class=\"__7 _365\"> </span> D\u00e9p\u00f4ts \u00e0 lon<span class=\"__7 _355\"></span>g terme av<span class=\"__7 _355\"></span>ec un pr\u00e9avi<span class=\"__7 _355\"></span>s de 32 jours.<span class=\"__7 _355\"></span> </div>P<span class=\"__7 _361\"></span>ar<span class=\"__7 _359\"></span>ticipa<span class=\"__7 _355\"></span>tions et c<span class=\"__7 _355\"></span>r\u00e9an<span class=\"__7 _355\"></span>ces<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es participa<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur son<span class=\"__7 _355\"></span>t enregis<span class=\"__7 _355\"></span>tr\u00e9es \u00e0 l<span class=\"__7 _355\"></span>a dat<span class=\"__7 _355\"></span>e de tran<span class=\"__7 _355\"></span>saction et s<span class=\"__7 _355\"></span>ont \u00e9v<span class=\"__7 _355\"></span>alu\u00e9e<span class=\"__7 _355\"></span>s \u00e0 leur j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es participa<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur son<span class=\"__7 _355\"></span>t cons<span class=\"__7 _355\"></span>titu\u00e9es de titr<span class=\"__7 _355\"></span>es qui son<span class=\"__7 _355\"></span>t acquis da<span class=\"__7 _355\"></span>ns le but d\u2019<span class=\"__7 _c7\"></span>ob<span class=\"__7 _359\"></span><span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>tenir de<span class=\"__7 _355\"></span>s rendemen<span class=\"__7 _355\"></span>ts sou<span class=\"__7 _355\"></span>s la forme de pl<span class=\"__7 _355\"></span>us-va<span class=\"__7 _355\"></span>lues en cap<span class=\"__7 _355\"></span>ital et/<span class=\"__7 _c7\"></span>ou de r<span class=\"__7 _355\"></span>evenu<span class=\"__7 _355\"></span>s d\u2019inves<span class=\"__7 _355\"></span>tisse<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>men<span class=\"__7 _355\"></span>ts. Elles son<span class=\"__7 _355\"></span>t \u00e9va<span class=\"__7 _355\"></span>lu\u00e9es \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e vale<span class=\"__7 _355\"></span>ur \u00e0 chaque da<span class=\"__7 _355\"></span>te de cl\u00f4<span class=\"__7 _355\"></span>ture<span class=\"__7 _355\"></span>. L<span class=\"__7 _355\"></span>es plus ou m<span class=\"__7 _355\"></span>oins-v<span class=\"__7 _355\"></span>alues la<span class=\"__7 _355\"></span>tent<span class=\"__7 _355\"></span>es son<span class=\"__7 _355\"></span>t compt<span class=\"__7 _355\"></span>abilis\u00e9e<span class=\"__7 _355\"></span>s direct<span class=\"__7 _355\"></span>ement d<span class=\"__7 _355\"></span>ans le c<span class=\"__7 _355\"></span>ompte de r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>ts. E<span class=\"__7 _355\"></span>n cas de ces<span class=\"__7 _355\"></span>sion, la diff\u00e9r<span class=\"__7 _355\"></span>ence entr<span class=\"__7 _355\"></span>e le prod<span class=\"__7 _355\"></span>uit net de la v<span class=\"__7 _355\"></span>ente e<span class=\"__7 _355\"></span>t la vale<span class=\"__7 _355\"></span>ur comp<span class=\"__7 _355\"></span>table est port\u00e9<span class=\"__7 _355\"></span>e en r\u00e9sulta<span class=\"__7 _355\"></span>t, soit au d\u00e9bit, so<span class=\"__7 _355\"></span>it au cr<span class=\"__7 _355\"></span>\u00e9dit.<span class=\"__7 _357\"> </span>D\u00e9p\u00f4t e<span class=\"__7 _355\"></span>t autre<span class=\"__7 _355\"></span>s actifs finan<span class=\"__7 _355\"></span>ciers cou<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>ts<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es commer<span class=\"__7 _355\"></span>ciales son<span class=\"__7 _361\"></span>t <span class=\"__7 _359\"></span>\u00e9v<span class=\"__7 _355\"></span>alu\u00e9e<span class=\"__7 _355\"></span>s au co\u00fbt am<span class=\"__7 _355\"></span>orti. <span class=\"__7 _359\"></span>La norme I<span class=\"__7 _355\"></span>FR<span class=\"__7 _355\"></span>S 9 requi<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>t la com<span class=\"__7 _355\"></span>p<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>tab<span class=\"__7 _355\"></span>ilisation de pert<span class=\"__7 _355\"></span>es de cr<span class=\"__7 _355\"></span>\u00e9dit sur tou<span class=\"__7 _355\"></span>s les instru<span class=\"__7 _355\"></span>ments de de<span class=\"__7 _355\"></span>ttes<span class=\"__7 _355\"></span>, pr\u00eats e<span class=\"__7 _355\"></span>t cr\u00e9a<span class=\"__7 _355\"></span>nces c<span class=\"__7 _355\"></span>ommer<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>ciale<span class=\"__7 _355\"></span>s sur la base de le<span class=\"__7 _355\"></span>ur dur\u00e9<span class=\"__7 _355\"></span>e de vie. Ce m<span class=\"__7 _355\"></span>od\u00e8le de per<span class=\"__7 _359\"></span>te de v<span class=\"__7 _355\"></span>aleur pr<span class=\"__7 _355\"></span>\u00e9vu par l<span class=\"__7 _355\"></span>a norme IF<span class=\"__7 _355\"></span>RS 9 est f<span class=\"__7 _355\"></span>ond\u00e9 sur l\u2019<span class=\"__7 _361\"></span>an<span class=\"__7 _355\"></span>ticipation de<span class=\"__7 _355\"></span>s pertes et n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _355\"></span>a pas d\u2019inci<span class=\"__7 _355\"></span>dence significa<span class=\"__7 _355\"></span>tive sur l\u2019<span class=\"__7 _358\"></span>\u00e9v<span class=\"__7 _355\"></span>alua<span class=\"__7 _355\"></span>tion des d\u00e9pr<span class=\"__7 _355\"></span>\u00e9cia<span class=\"__7 _355\"></span>tions d\u2019<span class=\"__7 _361\"></span>actifs fina<span class=\"__7 _355\"></span>nciers.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es d\u00e9p\u00f4<span class=\"__7 _355\"></span>ts sont d\u00e9<span class=\"__7 _355\"></span>sign\u00e9s \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r via le compt<span class=\"__7 _355\"></span>e de r\u00e9<span class=\"__7 _355\"></span>sultats<span class=\"__7 _355\"></span>. L<span class=\"__7 _355\"></span>es cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es sur les filia<span class=\"__7 _355\"></span>les son<span class=\"__7 _355\"></span>t d\u00e9sign\u00e9es \u00e0 l<span class=\"__7 _355\"></span>a jus<span class=\"__7 _355\"></span>te va<span class=\"__7 _355\"></span>leur via le comp<span class=\"__7 _355\"></span>te de r<span class=\"__7 _355\"></span>\u00e9sultat<span class=\"__7 _355\"></span>s.<span class=\"__7 _357\"> </span>La tr\u00e9<span class=\"__7 _355\"></span>sorerie e<span class=\"__7 _355\"></span>t les \u00e9quiva<span class=\"__7 _355\"></span>lents de tr<span class=\"__7 _355\"></span>\u00e9sor<span class=\"__7 _355\"></span>erie compr<span class=\"__7 _355\"></span>ennen<span class=\"__7 _355\"></span>t les liquidit<span class=\"__7 _355\"></span>\u00e9s et les d\u00e9p\u00f4<span class=\"__7 _355\"></span>ts \u00e0 terme<span class=\"__7 _355\"></span> \u00e0 moin<span class=\"__7 _355\"></span>s de troi<span class=\"__7 _355\"></span>s mois<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-263": {
   "value": "2.3 P<span class=\"__6 _336\"></span>ORTE<span class=\"__6 _342\"></span>FEUIL<span class=\"__6 _342\"></span>LE D<span class=\"__6 _342\"></span>\u2019INVE<span class=\"__6 _342\"></span>S<span class=\"__6 _342\"></span>TISSE<span class=\"__6 _342\"></span>MENT EN TRA<span class=\"__6 _342\"></span>NSP<span class=\"__6 _335\"></span>A<span class=\"__6 _342\"></span>RENC<span class=\"__6 _342\"></span>E<span class=\"__6 _341\"> </span>Prin<span class=\"__6 _342\"></span>cipales r<span class=\"__6 _342\"></span>\u00e8gles de valori<span class=\"__6 _342\"></span>sation du portef<span class=\"__6 _342\"></span>euille d\u2019inve<span class=\"__6 _336\"></span>sti<span class=\"__6 _342\"></span>ssementL<span class=\"__6 _342\"></span>e groupe So<span class=\"__6 _336\"></span>fina utilise u<span class=\"__6 _342\"></span>ne hi\u00e9ra<span class=\"__6 _336\"></span>rc<span class=\"__6 _336\"></span>hie de la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _342\"></span>aleur qui r<span class=\"__6 _342\"></span>efl\u00e8te l\u2019importa<span class=\"__6 _342\"></span>nce des donn\u00e9e<span class=\"__6 _342\"></span>s permett<span class=\"__6 _336\"></span>an<span class=\"__6 _342\"></span>t <span class=\"__6 _343\"></span>d\u2019<span class=\"__6 _335\"></span>\u00e9tablir les \u00e9<span class=\"__6 _336\"></span>va<span class=\"__6 _336\"></span>lua<span class=\"__6 _342\"></span>tions :<span class=\"__6 _341\"> </span>\u2022 <span class=\"__6 _f5\"> </span> Niveau <span class=\"__6 _f5\"> </span>1<span class=\"ff2_6 ws5d_4\"> \u2013 L<span class=\"__6 _342\"></span>es actifs \u00e9v<span class=\"__6 _342\"></span>alu\u00e9s selon le niv<span class=\"__6 _342\"></span>eau 1 son<span class=\"__6 _336\"></span>t valori<span class=\"__6 _342\"></span>s\u00e9s au cou<span class=\"__6 _336\"></span>rs de bou<span class=\"__6 _336\"></span>rse \u00e0 l<span class=\"__6 _336\"></span>a da<span class=\"__6 _336\"></span>te </span>de cl\u00f4t<span class=\"__6 _336\"></span>ure ;<span class=\"__6 _341\"> </span>\u2022 <span class=\"__6 _f5\"> </span> Niveau <span class=\"__6 _337\"> </span>2<span class=\"ff2_6 ws5e_4\"> \u2013 Le<span class=\"__6 _342\"></span>s actifs \u00e9va<span class=\"__6 _342\"></span>lu\u00e9s selon le nivea<span class=\"__6 _342\"></span>u 2 sont va<span class=\"__6 _342\"></span>loris\u00e9s sur la ba<span class=\"__6 _342\"></span>se de donn\u00e9es obs<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span><span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></span>va<span class=\"__6 _336\"></span>bles comme le cour<span class=\"__6 _342\"></span>s <span class=\"__6 _343\"></span>de bourse du princip<span class=\"__6 _336\"></span>al actif d\u00e9t<span class=\"__6 _342\"></span>enu par la soci\u00e9t<span class=\"__6 _336\"></span>\u00e9 ;<span class=\"__6 _341\"> </span>\u2022 <span class=\"__6 _f5\"> </span> Niveau <span class=\"__6 _345\"> </span>3<span class=\"ff2_6 ws5f_4\"> \u2013 Le<span class=\"__6 _336\"></span>s actifs \u00e9<span class=\"__6 _336\"></span>va<span class=\"__6 _336\"></span>lu\u00e9s selon le niv<span class=\"__6 _342\"></span>eau 3 sont v<span class=\"__6 _342\"></span>aloris\u00e9<span class=\"__6 _336\"></span>s \u00e0 la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _336\"></span>aleur s<span class=\"__6 _342\"></span>elon des </span>principes d\u00e9riv<span class=\"__6 _336\"></span>\u00e9s des lign<span class=\"__6 _336\"></span>es dir<span class=\"__6 _342\"></span>ectrices d\u2019<span class=\"__6 _335\"></span>\u00e9v<span class=\"__6 _342\"></span>alua<span class=\"__6 _342\"></span>tion de l\u2019Int<span class=\"__6 _342\"></span>ernation<span class=\"__6 _342\"></span>al Priva<span class=\"__6 _342\"></span>te E<span class=\"__6 _342\"></span>quit<span class=\"__6 _343\"></span>y and V<span class=\"__6 _342\"></span>en<span class=\"__6 _336\"></span>tur<span class=\"__6 _342\"></span>e Capita<span class=\"__6 _342\"></span>l V<span class=\"__6 _342\"></span>alu<span class=\"__6 _336\"></span>ati<span class=\"__6 _336\"></span>on (\u00ab IPEV \u00bb V<span class=\"__6 _335\"></span>alu<span class=\"__6 _336\"></span>ati<span class=\"__6 _336\"></span>on Guideline<span class=\"__6 _336\"></span>s de d\u00e9cembr<span class=\"__6 _342\"></span>e 20<span class=\"__6 _342\"></span>25).<span class=\"__6 _341\"> </span>P<span class=\"__6 _342\"></span>our les titr<span class=\"__6 _342\"></span>es co<span class=\"__6 _336\"></span>t\u00e9s<span class=\"__6 _342\"></span>, la ju<span class=\"__6 _336\"></span>ste v<span class=\"__6 _342\"></span>aleur es<span class=\"__6 _342\"></span>t d\u00e9termin\u00e9e sur la b<span class=\"__6 _342\"></span>ase du prix co<span class=\"__6 _342\"></span>t\u00e9 sur un mar<span class=\"__6 _342\"></span>ch\u00e9 actif<span class=\"__6 _342\"></span>. Aucun aj<span class=\"__6 _342\"></span>ustem<span class=\"__6 _342\"></span>ent pour illiq<span class=\"__6 _336\"></span>uidit\u00e9 n<span class=\"__6 _342\"></span>\u2019<span class=\"__6 _335\"></span>est appliqu\u00e9 lor<span class=\"__6 _342\"></span>sque tout<span class=\"__6 _336\"></span>e p\u00e9riode de blocage o<span class=\"__6 _336\"></span>u re<span class=\"__6 _342\"></span>striction e<span class=\"__6 _336\"></span>st a<span class=\"__6 _342\"></span>ttribuable au d\u00e9<span class=\"__6 _336\"></span>ten<span class=\"__6 _342\"></span>teur du titr<span class=\"__6 _342\"></span>e plut\u00f4<span class=\"__6 _342\"></span>t qu\u2019<span class=\"__6 _342\"></span>au titre sou<span class=\"__6 _342\"></span>s-jacen<span class=\"__6 _342\"></span>t.<span class=\"__6 _341\"> </span>L<span class=\"__6 _342\"></span>es titre<span class=\"__6 _342\"></span>s non cot\u00e9<span class=\"__6 _342\"></span>s en bourse son<span class=\"__6 _342\"></span>t \u00e9va<span class=\"__6 _342\"></span>lu\u00e9s, \u00e0 ch<span class=\"__6 _336\"></span>aque da<span class=\"__6 _342\"></span>te de cl\u00f4t<span class=\"__6 _342\"></span>ure, selon u<span class=\"__6 _336\"></span>ne m\u00e9<span class=\"__6 _336\"></span>thode d\u2019<span class=\"__6 _335\"></span>\u00e9va<span class=\"__6 _342\"></span>luati<span class=\"__6 _336\"></span>on commun<span class=\"__6 _342\"></span>\u00e9ment admi<span class=\"__6 _336\"></span>se da<span class=\"__6 _336\"></span>ns c<span class=\"__6 _336\"></span>es ligne<span class=\"__6 _342\"></span>s directric<span class=\"__6 _336\"></span>es d\u2019<span class=\"__6 _335\"></span>\u00e9v<span class=\"__6 _342\"></span>alua<span class=\"__6 _342\"></span>tion IPEV ou<span class=\"__6 _342\"></span>, le cas \u00e9ch\u00e9a<span class=\"__6 _342\"></span>nt, \u00e0 la v<span class=\"__6 _336\"></span>aleur d\u2019<span class=\"__6 _335\"></span>actif net..<span class=\"__6 _341\"> </span>L<span class=\"__6 _342\"></span>es diff\u00e9r<span class=\"__6 _336\"></span>ent<span class=\"__6 _342\"></span>es m\u00e9thode<span class=\"__6 _342\"></span>s de valorisa<span class=\"__6 _342\"></span>tion sont d\u00e9<span class=\"__6 _342\"></span>taill\u00e9es dan<span class=\"__6 _342\"></span>s le tableau sur le<span class=\"__6 _342\"></span>s m\u00e9thodes<span class=\"__6 _342\"></span> appliqu\u00e9e<span class=\"__6 _342\"></span>s conf<span class=\"__6 _342\"></span>orm\u00e9ment \u00e0 l<span class=\"__6 _336\"></span>a norme IF<span class=\"__6 _342\"></span>RS 13 po<span class=\"__6 _336\"></span>ur d\u00e9t<span class=\"__6 _342\"></span>erminer la ju<span class=\"__6 _342\"></span>ste va<span class=\"__6 _336\"></span>leur des a<span class=\"__6 _342\"></span>ctifs non cot<span class=\"__6 _342\"></span>\u00e9s de (Sofina Dir<span class=\"__6 _342\"></span>ect, c\u2019<span class=\"__6 _335\"></span>est-\u00e0-dir<span class=\"__6 _342\"></span>e Investis<span class=\"__6 _336\"></span>semen<span class=\"__6 _342\"></span>ts minoritair<span class=\"__6 _336\"></span>es \u00e0 long t<span class=\"__6 _342\"></span>erme et Sofina C<span class=\"__6 _342\"></span>roi<span class=\"__6 _342\"></span>s<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span>sanc<span class=\"__6 _342\"></span>e, et Sofina F<span class=\"__6 _342\"></span>onds<span class=\"__6 _342\"></span>. Bien que les va<span class=\"__6 _342\"></span>lorisation<span class=\"__6 _342\"></span>s soien<span class=\"__6 _336\"></span>t \u00e9ta<span class=\"__6 _342\"></span>blies con<span class=\"__6 _336\"></span>form<span class=\"__6 _336\"></span>\u00e9men<span class=\"__6 _342\"></span>t \u00e0 IFR<span class=\"__6 _342\"></span>S 13, la va<span class=\"__6 _336\"></span>leur r<span class=\"__6 _342\"></span>\u00e9alis\u00e9e lor<span class=\"__6 _342\"></span>s de la cession pe<span class=\"__6 _336\"></span>ut diff\u00e9r<span class=\"__6 _342\"></span>er de la valeu<span class=\"__6 _336\"></span>r comp<span class=\"__6 _342\"></span>tabilis\u00e9e<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span>R<span class=\"__6 _336\"></span>eten<span class=\"__6 _342\"></span>ons que les IP<span class=\"__6 _342\"></span>EV V<span class=\"__6 _342\"></span>alu<span class=\"__6 _336\"></span>ati<span class=\"__6 _336\"></span>on Guideline<span class=\"__6 _336\"></span>s ne con<span class=\"__6 _342\"></span>sid\u00e8ren<span class=\"__6 _342\"></span>t plus le prix de la tr<span class=\"__6 _342\"></span>ansac<span class=\"__6 _336\"></span>tion r\u00e9c<span class=\"__6 _342\"></span>ente comm<span class=\"__6 _342\"></span>e une techniq<span class=\"__6 _342\"></span>ue <span class=\"__6 _343\"></span>de va<span class=\"__6 _336\"></span>lorisa<span class=\"__6 _336\"></span>tion par d\u00e9<span class=\"__6 _342\"></span>faut mais pl<span class=\"__6 _336\"></span>ut\u00f4<span class=\"__6 _342\"></span>t comme un poin<span class=\"__6 _336\"></span>t de d\u00e9part de l\u2019<span class=\"__6 _335\"></span>estim<span class=\"__6 _342\"></span>ation de la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _342\"></span>aleur<span class=\"__6 _342\"></span>. P<span class=\"__6 _342\"></span>ar con<span class=\"__6 _342\"></span>s\u00e9quen<span class=\"__6 _336\"></span>t, le prix de la tr<span class=\"__6 _336\"></span>an<span class=\"__6 _342\"></span>saction r\u00e9<span class=\"__6 _336\"></span>cen<span class=\"__6 _342\"></span>te n\u2019<span class=\"__6 _335\"></span>est<span class=\"__6 _342\"></span> utilis\u00e9 comm<span class=\"__6 _342\"></span>e technique de v<span class=\"__6 _342\"></span>alorisati<span class=\"__6 _336\"></span>on que lorsq<span class=\"__6 _336\"></span>ue la tra<span class=\"__6 _342\"></span>nsacti<span class=\"__6 _336\"></span>on r\u00e9c<span class=\"__6 _342\"></span>ente e<span class=\"__6 _336\"></span>st suffisamm<span class=\"__6 _342\"></span>ent proc<span class=\"__6 _342\"></span>he de la dat<span class=\"__6 _342\"></span>e de cl\u00f4tur<span class=\"__6 _342\"></span>e (et r\u00e9pon<span class=\"__6 _342\"></span>d aux crit\u00e8r<span class=\"__6 _342\"></span>es de mar<span class=\"__6 _342\"></span>ch\u00e9 et d\u2019in<span class=\"__6 _342\"></span>ter<span class=\"__6 _343\"></span>vena<span class=\"__6 _336\"></span>nt de m<span class=\"__6 _342\"></span>arch<span class=\"__6 _342\"></span>\u00e9). Il convien<span class=\"__6 _342\"></span>t \u00e9galemen<span class=\"__6 _342\"></span>t de noter que le c<span class=\"__6 _342\"></span>onte<span class=\"__6 _342\"></span>xte de la tra<span class=\"__6 _342\"></span>nsaction e<span class=\"__6 _342\"></span>st analy<span class=\"__6 _342\"></span>s\u00e9 et pourr<span class=\"__6 _342\"></span>ait donc int<span class=\"__6 _342\"></span>\u00e9grer non se<span class=\"__6 _342\"></span>ulement les c<span class=\"__6 _342\"></span>omposan<span class=\"__6 _342\"></span>tes primair<span class=\"__6 _342\"></span>es d\u2019une tr<span class=\"__6 _342\"></span>ansacti<span class=\"__6 _342\"></span>on mais aus<span class=\"__6 _336\"></span>si les com<span class=\"__6 _342\"></span>po<span class=\"__6 _343\"></span><span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span>san<span class=\"__6 _342\"></span>tes sec<span class=\"__6 _336\"></span>ondair<span class=\"__6 _342\"></span>es de la m\u00eame tr<span class=\"__6 _342\"></span>ansac<span class=\"__6 _342\"></span>tion (par ex<span class=\"__6 _342\"></span>emple, en r<span class=\"__6 _342\"></span>etena<span class=\"__6 _336\"></span>nt un prix pon<span class=\"__6 _342\"></span>d\u00e9r\u00e9 au lie<span class=\"__6 _336\"></span>u de re<span class=\"__6 _342\"></span>tenir seulemen<span class=\"__6 _342\"></span>t le prix du tour de fin<span class=\"__6 _342\"></span>ancemen<span class=\"__6 _342\"></span>t primaire).<span class=\"__6 _341\"> </span>L<span class=\"__6 _342\"></span>e principe d\u2019<span class=\"__6 _335\"></span>\u00e9talonn<span class=\"__6 _336\"></span>age (ou \u00ab ca<span class=\"__6 _342\"></span>librati<span class=\"__6 _342\"></span>on \u00bb), qui consis<span class=\"__6 _342\"></span>te \u00e0 tes<span class=\"__6 _336\"></span>ter ou \u00e9<span class=\"__6 _342\"></span>talonner les t<span class=\"__6 _342\"></span>echniques<span class=\"__6 _342\"></span> d\u2019<span class=\"__6 _335\"></span>\u00e9va<span class=\"__6 _342\"></span>luati<span class=\"__6 _336\"></span>on dev<span class=\"__6 _336\"></span>an<span class=\"__6 _342\"></span>t \u00eatre utili<span class=\"__6 _336\"></span>s\u00e9es lor<span class=\"__6 _342\"></span>s des dat<span class=\"__6 _342\"></span>es d\u2019<span class=\"__6 _335\"></span>\u00e9va<span class=\"__6 _336\"></span>lua<span class=\"__6 _342\"></span>tion subs\u00e9quen<span class=\"__6 _342\"></span>tes, en u<span class=\"__6 _336\"></span>tilisan<span class=\"__6 _342\"></span>t des par<span class=\"__6 _342\"></span>am\u00e8tr<span class=\"__6 _342\"></span>es d\u2019<span class=\"__6 _335\"></span>\u00e9val<span class=\"__6 _342\"></span>uation d\u00e9riv<span class=\"__6 _342\"></span>\u00e9s de la tra<span class=\"__6 _336\"></span>nsac<span class=\"__6 _342\"></span>tion initiale ou la plu<span class=\"__6 _342\"></span>s r\u00e9cen<span class=\"__6 _342\"></span>te, es<span class=\"__6 _342\"></span>t appliqu\u00e9 le cas \u00e9c<span class=\"__6 _342\"></span>h\u00e9ant su<span class=\"__6 _336\"></span>r tout<span class=\"__6 _342\"></span>es nos v<span class=\"__6 _342\"></span>alorisati<span class=\"__6 _336\"></span>ons de titr<span class=\"__6 _342\"></span>es non co<span class=\"__6 _342\"></span>t\u00e9s (Sofina Dir<span class=\"__6 _342\"></span>ect, c\u2019<span class=\"__6 _335\"></span>est-\u00e0-dir<span class=\"__6 _336\"></span>e Inve<span class=\"__6 _336\"></span>stiss<span class=\"__6 _336\"></span>emen<span class=\"__6 _342\"></span>ts minoritaire<span class=\"__6 _342\"></span>s \u00e0 long terme et So<span class=\"__6 _342\"></span>fina Cr<span class=\"__6 _342\"></span>oissan<span class=\"__6 _342\"></span>ce), pour auta<span class=\"__6 _342\"></span>nt que le prix de la tr<span class=\"__6 _336\"></span>an<span class=\"__6 _342\"></span>saction initiale o<span class=\"__6 _342\"></span>u la plus r<span class=\"__6 _342\"></span>\u00e9cent<span class=\"__6 _336\"></span>e soit r<span class=\"__6 _342\"></span>epr\u00e9sen<span class=\"__6 _342\"></span>tatif de l<span class=\"__6 _336\"></span>a ju<span class=\"__6 _342\"></span>ste va<span class=\"__6 _342\"></span>leur au momen<span class=\"__6 _342\"></span>t de la tra<span class=\"__6 _342\"></span>nsaction e<span class=\"__6 _342\"></span>t qu\u2019il puisse fair<span class=\"__6 _342\"></span>e l\u2019<span class=\"__6 _335\"></span>objet d\u2019une ca<span class=\"__6 _336\"></span>libra<span class=\"__6 _342\"></span>tion. La calibr<span class=\"__6 _342\"></span>ation donne la po<span class=\"__6 _342\"></span>ssibilit\u00e9 de d\u00e9river du prix d\u2019<span class=\"__6 _335\"></span>en<span class=\"__6 _342\"></span>tr\u00e9e la d\u00e9co<span class=\"__6 _342\"></span>te ou la sur<span class=\"__6 _342\"></span>cote p<span class=\"__6 _336\"></span>ar r<span class=\"__6 _342\"></span>appor<span class=\"__6 _343\"></span>t au gr<span class=\"__6 _336\"></span>oupe de soci\u00e9<span class=\"__6 _342\"></span>t\u00e9s comp<span class=\"__6 _336\"></span>ar<span class=\"__6 _342\"></span>ables en compa<span class=\"__6 _342\"></span>ran<span class=\"__6 _342\"></span>t le taux de r<span class=\"__6 _336\"></span>endemen<span class=\"__6 _342\"></span>t atten<span class=\"__6 _342\"></span>du par Sofina a<span class=\"__6 _342\"></span>vec le co<span class=\"__6 _342\"></span>\u00fbt du capita<span class=\"__6 _342\"></span>l th\u00e9orique pour un inve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>t donn\u00e9 dan<span class=\"__6 _342\"></span>s le cadre de la mi<span class=\"__6 _342\"></span>se en \u0153uvre de la m<span class=\"__6 _342\"></span>\u00e9thode d\u2019<span class=\"__6 _342\"></span>actu<span class=\"__6 _342\"></span>alisati<span class=\"__6 _336\"></span>on des flux de tr<span class=\"__6 _342\"></span>\u00e9sorerie<span class=\"__6 _342\"></span>. La calibr<span class=\"__6 _336\"></span>ati<span class=\"__6 _336\"></span>on donne \u00e9galem<span class=\"__6 _342\"></span>ent la possib<span class=\"__6 _342\"></span>ilit\u00e9 d\u2019<span class=\"__6 _342\"></span>appr\u00e9h<span class=\"__6 _342\"></span>ender direct<span class=\"__6 _342\"></span>ement \u00e0 la da<span class=\"__6 _342\"></span>te de tra<span class=\"__6 _342\"></span>nsaction l<span class=\"__6 _342\"></span>a d\u00e9cote o<span class=\"__6 _336\"></span>u la sur<span class=\"__6 _342\"></span>cote pa<span class=\"__6 _342\"></span>r rapport au gr<span class=\"__6 _342\"></span>oupe de soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s compa<span class=\"__6 _342\"></span>rables<span class=\"__6 _342\"></span> dan<span class=\"__6 _342\"></span>s le cadr<span class=\"__6 _336\"></span>e de la mise en \u0153<span class=\"__6 _342\"></span>uvre de la m\u00e9th<span class=\"__6 _342\"></span>ode des multiples bou<span class=\"__6 _336\"></span>rsier<span class=\"__6 _342\"></span>s. Cett<span class=\"__6 _342\"></span>e technique<span class=\"__6 _336\"></span> expliq<span class=\"__6 _336\"></span>ue la gr<span class=\"__6 _336\"></span>ande f<span class=\"__6 _342\"></span>ourc<span class=\"__6 _336\"></span>hett<span class=\"__6 _342\"></span>e au niveau des d\u00e9<span class=\"__6 _336\"></span>cot<span class=\"__6 _342\"></span>es, des c<span class=\"__6 _342\"></span>o\u00fbts de capita<span class=\"__6 _342\"></span>l ou des fact<span class=\"__6 _342\"></span>eurs d\u2019<span class=\"__6 _342\"></span>act<span class=\"__6 _336\"></span>uali<span class=\"__6 _342\"></span>sation, ceux-ci \u00e9<span class=\"__6 _342\"></span>tant en e<span class=\"__6 _342\"></span>f<span class=\"__6 _343\"></span>fet le r<span class=\"__6 _342\"></span>\u00e9sulta<span class=\"__6 _336\"></span>t de la ca<span class=\"__6 _336\"></span>libra<span class=\"__6 _342\"></span>tion.<span class=\"__6 _341\"> </span>Cela \u00e9<span class=\"__6 _342\"></span>tant, So<span class=\"__6 _342\"></span>fina peut \u00eatr<span class=\"__6 _342\"></span>e amen\u00e9e \u00e0 modifi<span class=\"__6 _342\"></span>er la technique d\u2019<span class=\"__6 _335\"></span>\u00e9<span class=\"__6 _342\"></span>valua<span class=\"__6 _342\"></span>tion d\u2019un ex<span class=\"__6 _342\"></span>ercic<span class=\"__6 _336\"></span>e \u00e0 l\u2019<span class=\"__6 _342\"></span>autr<span class=\"__6 _342\"></span>e lorsque le<span class=\"__6 _342\"></span>s circon<span class=\"__6 _342\"></span>stance<span class=\"__6 _342\"></span>s l\u2019<span class=\"__6 _342\"></span>e<span class=\"__6 _336\"></span>xigent (n<span class=\"__6 _342\"></span>otammen<span class=\"__6 _342\"></span>t la disponibilit<span class=\"__6 _342\"></span>\u00e9 <span class=\"__6 _343\"></span>de nouv<span class=\"__6 _342\"></span>elles inf<span class=\"__6 _342\"></span>ormation<span class=\"__6 _342\"></span>s ou la survenan<span class=\"__6 _342\"></span>ce de tran<span class=\"__6 _342\"></span>saction<span class=\"__6 _342\"></span>s r\u00e9cen<span class=\"__6 _342\"></span>tes), da<span class=\"__6 _336\"></span>ns l\u2019<span class=\"__6 _335\"></span>objec<span class=\"__6 _342\"></span>tif de maximiser l\u2019utilisa<span class=\"__6 _342\"></span>tion de donn\u00e9es observable<span class=\"__6 _342\"></span>s et de minimiser celle de donn\u00e9e<span class=\"__6 _342\"></span>s non observables<span class=\"__6 _336\"></span>. L<span class=\"__6 _342\"></span>es ex<span class=\"__6 _342\"></span>ercice<span class=\"__6 _336\"></span>s de va<span class=\"__6 _336\"></span>lorisa<span class=\"__6 _336\"></span>tion peuven<span class=\"__6 _342\"></span>t int<span class=\"__6 _342\"></span>\u00e9grer des pr<span class=\"__6 _342\"></span>ojection<span class=\"__6 _342\"></span>s de chif<span class=\"__6 _343\"></span>fre d\u2019<span class=\"__6 _335\"></span>affaire<span class=\"__6 _342\"></span>s, d\u2019EB<span class=\"__6 _342\"></span>ITDA ou d\u2019<span class=\"__6 _335\"></span>autre<span class=\"__6 _336\"></span>s indica<span class=\"__6 _342\"></span>teur<span class=\"__6 _342\"></span>s finan<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span>ciers<span class=\"__6 _342\"></span>, des multiples de m<span class=\"__6 _336\"></span>ar<span class=\"__6 _342\"></span>ch\u00e9s public<span class=\"__6 _342\"></span>s, des va<span class=\"__6 _342\"></span>lorisation<span class=\"__6 _342\"></span>s de soci\u00e9t\u00e9<span class=\"__6 _342\"></span>s compar<span class=\"__6 _342\"></span>ables ou d\u2019<span class=\"__6 _335\"></span>autre<span class=\"__6 _342\"></span>s mesur<span class=\"__6 _342\"></span>es, so<span class=\"__6 _336\"></span>uven<span class=\"__6 _342\"></span>t fond\u00e9es su<span class=\"__6 _336\"></span>r des in<span class=\"__6 _342\"></span>forma<span class=\"__6 _336\"></span>tion<span class=\"__6 _336\"></span>s non audit<span class=\"__6 _336\"></span>\u00e9es disponible<span class=\"__6 _342\"></span>s \u00e0 la date d\u2019<span class=\"__6 _335\"></span>\u00e9<span class=\"__6 _342\"></span>valua<span class=\"__6 _342\"></span>tion.<span class=\"__6 _341\"> </span>\u00c0 cet \u00e9ga<span class=\"__6 _342\"></span>rd, le tablea<span class=\"__6 _342\"></span>u ci-apr\u00e8s donn<span class=\"__6 _336\"></span>e des in<span class=\"__6 _342\"></span>forma<span class=\"__6 _342\"></span>tions sur les m<span class=\"__6 _342\"></span>\u00e9thodes appliq<span class=\"__6 _336\"></span>u\u00e9es con<span class=\"__6 _342\"></span>for<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span>m\u00e9men<span class=\"__6 _342\"></span>t \u00e0 la norme IF<span class=\"__6 _342\"></span>RS 13 \u2013 \u00c9<span class=\"__6 _342\"></span>valu<span class=\"__6 _342\"></span>ation de la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _342\"></span>aleur \u2013 pour d\u00e9<span class=\"__6 _342\"></span>terminer la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _342\"></span>aleur des ac<span class=\"__6 _336\"></span>tifs non co<span class=\"__6 _342\"></span>t\u00e9s de nivea<span class=\"__6 _342\"></span>u 3.<span class=\"__6 _341\"> </span>Il convien<span class=\"__6 _342\"></span>t \u00e9galemen<span class=\"__6 _342\"></span>t de noter que So<span class=\"__6 _342\"></span>fina utilise la m\u00e9<span class=\"__6 _336\"></span>thode d\u2019<span class=\"__6 _335\"></span>\u00e9v<span class=\"__6 _336\"></span>alu<span class=\"__6 _342\"></span>ation des op<span class=\"__6 _342\"></span>tions pour<span class=\"__6 _336\"></span> attrib<span class=\"__6 _336\"></span>uer la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _336\"></span>aleu<span class=\"__6 _336\"></span>r estim<span class=\"__6 _336\"></span>\u00e9e des ac<span class=\"__6 _342\"></span>tions aux diff\u00e9r<span class=\"__6 _342\"></span>ent<span class=\"__6 _336\"></span>es ca<span class=\"__6 _342\"></span>t\u00e9gories d\u2019<span class=\"__6 _335\"></span>action<span class=\"__6 _336\"></span>s en fon<span class=\"__6 _336\"></span>ction de leur<span class=\"__6 _342\"></span>s <span class=\"__6 _343\"></span>car<span class=\"__6 _342\"></span>act\u00e9ris<span class=\"__6 _342\"></span>tiques et dr<span class=\"__6 _342\"></span>oits pr\u00e9<span class=\"__6 _342\"></span>f\u00e9ren<span class=\"__6 _342\"></span>tiels (le ca<span class=\"__6 _336\"></span>s \u00e9ch\u00e9a<span class=\"__6 _342\"></span>nt). Ce<span class=\"__6 _336\"></span>tte appr<span class=\"__6 _342\"></span>oche d\u2019<span class=\"__6 _342\"></span>attrib<span class=\"__6 _342\"></span>ution peut r<span class=\"__6 _342\"></span>\u00e9duire de ma<span class=\"__6 _342\"></span>ni\u00e8re signific<span class=\"__6 _342\"></span>ative la v<span class=\"__6 _342\"></span>alorisati<span class=\"__6 _342\"></span>on des tour<span class=\"__6 _342\"></span>s de financemen<span class=\"__6 _342\"></span>t an<span class=\"__6 _342\"></span>t\u00e9rieur<span class=\"__6 _342\"></span>s qui comporten<span class=\"__6 _342\"></span>t des dr<span class=\"__6 _342\"></span>oits moindr<span class=\"__6 _342\"></span>es par r<span class=\"__6 _342\"></span>apport au dernier tou<span class=\"__6 _336\"></span>r de finan<span class=\"__6 _342\"></span>cement.<span class=\"__6 _341\"> </span>L<span class=\"__6 _342\"></span>es crise<span class=\"__6 _342\"></span>s r\u00e9cen<span class=\"__6 _342\"></span>tes augm<span class=\"__6 _342\"></span>enten<span class=\"__6 _342\"></span>t l\u2019incertitude qua<span class=\"__6 _336\"></span>nt a<span class=\"__6 _342\"></span>ux per<span class=\"__6 _343\"></span>forma<span class=\"__6 _342\"></span>nces fut<span class=\"__6 _336\"></span>ure<span class=\"__6 _342\"></span>s des inves<span class=\"__6 _342\"></span>tisse<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span>men<span class=\"__6 _342\"></span>ts d\u00e9tenu<span class=\"__6 _342\"></span>s par Sofina. C<span class=\"__6 _342\"></span>es incertitudes qu<span class=\"__6 _342\"></span>ant \u00e0 la perf<span class=\"__6 _342\"></span>ormance de ce<span class=\"__6 _342\"></span>s investi<span class=\"__6 _336\"></span>ssemen<span class=\"__6 _342\"></span>ts entr<span class=\"__6 _342\"></span>a\u00eenent u<span class=\"__6 _336\"></span>n degr\u00e9 pl<span class=\"__6 _336\"></span>us \u00e9le<span class=\"__6 _336\"></span>v\u00e9 de subjec<span class=\"__6 _342\"></span>tivit\u00e9 dan<span class=\"__6 _342\"></span>s la d\u00e9termina<span class=\"__6 _342\"></span>tion des j<span class=\"__6 _342\"></span>uste<span class=\"__6 _336\"></span>s vale<span class=\"__6 _342\"></span>urs de nivea<span class=\"__6 _336\"></span>u 3 dan<span class=\"__6 _342\"></span>s la hi\u00e9ra<span class=\"__6 _342\"></span>rchie I<span class=\"__6 _336\"></span>FR<span class=\"__6 _342\"></span>S 13. C<span class=\"__6 _342\"></span>ela a incit\u00e9 Sofin<span class=\"__6 _342\"></span>a \u00e0 int\u00e9gr<span class=\"__6 _342\"></span>er dans s<span class=\"__6 _336\"></span>on proc<span class=\"__6 _342\"></span>essus d\u2019<span class=\"__6 _335\"></span>\u00e9v<span class=\"__6 _342\"></span>a<span class=\"__6 _343\"></span><span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span>lua<span class=\"__6 _342\"></span>tion un degr\u00e9 \u00e9le<span class=\"__6 _342\"></span>v\u00e9 de vigilanc<span class=\"__6 _342\"></span>e. L<span class=\"__6 _342\"></span>es \u00e9l\u00e9ment<span class=\"__6 _342\"></span>s suivan<span class=\"__6 _336\"></span>ts m\u00e9rit<span class=\"__6 _342\"></span>ent particuli<span class=\"__6 _336\"></span>\u00e8rem<span class=\"__6 _342\"></span>ent d\u2019<span class=\"__6 _335\"></span>\u00eatre<span class=\"__6 _342\"></span> men<span class=\"__6 _342\"></span>tionn\u00e9s: \u2022 <span class=\"__6 _342\"></span> <span class=\"__6 _f6\"></span>Vigilan<span class=\"__6 _342\"></span>ce particuli\u00e8r<span class=\"__6 _342\"></span>e \u00e0 la coh\u00e9ren<span class=\"__6 _342\"></span>ce entr<span class=\"__6 _342\"></span>e les estima<span class=\"__6 _342\"></span>tions de<span class=\"__6 _336\"></span>s soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s du portef<span class=\"__6 _342\"></span>euille et l\u2019utilisa<span class=\"__6 _342\"></span>tion de <span class=\"__6 _343\"></span>ces es<span class=\"__6 _336\"></span>tima<span class=\"__6 _336\"></span>tion<span class=\"__6 _342\"></span>s <span class=\"__6 _343\"></span>par ra<span class=\"__6 _336\"></span>pport aux multiples des soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s compar<span class=\"__6 _342\"></span>ables ;<span class=\"__6 _341\"> </span>\u2022 <span class=\"__6 _336\"></span> <span class=\"__6 _f7\"></span>Vigilan<span class=\"__6 _342\"></span>ce particuli\u00e8r<span class=\"__6 _342\"></span>e quan<span class=\"__6 _342\"></span>t \u00e0 la valid<span class=\"__6 _342\"></span>ation de la derni\u00e8r<span class=\"__6 _342\"></span>e tran<span class=\"__6 _342\"></span>saction r<span class=\"__6 _342\"></span>\u00e9cent<span class=\"__6 _342\"></span>e en s\u2019<span class=\"__6 _342\"></span>assura<span class=\"__6 _342\"></span>nt que cett<span class=\"__6 _342\"></span>e tran<span class=\"__6 _342\"></span>saction r<span class=\"__6 _342\"></span>\u00e9cent<span class=\"__6 _342\"></span>e tient com<span class=\"__6 _342\"></span>pte du con<span class=\"__6 _342\"></span>text<span class=\"__6 _342\"></span>e actuel de la c<span class=\"__6 _342\"></span>rise \u00e9conomiq<span class=\"__6 _342\"></span>ue (tout en r<span class=\"__6 _342\"></span>especta<span class=\"__6 _342\"></span>nt les a<span class=\"__6 _336\"></span>utre<span class=\"__6 _342\"></span>s crit\u00e8r<span class=\"__6 _342\"></span>es de valid<span class=\"__6 _342\"></span>ation de la derni\u00e8r<span class=\"__6 _342\"></span>e tran<span class=\"__6 _342\"></span>saction r<span class=\"__6 _342\"></span>\u00e9cent<span class=\"__6 _342\"></span>e tels qu\u2019<span class=\"__6 _335\"></span>\u00eatr<span class=\"__6 _336\"></span>e suffisammen<span class=\"__6 _342\"></span>t proch<span class=\"__6 _342\"></span>e de la date de c<span class=\"__6 _342\"></span>l\u00f4tur<span class=\"__6 _342\"></span>e) ainsi que de s\u2019<span class=\"__6 _342\"></span>assur<span class=\"__6 _342\"></span>er que le cont<span class=\"__6 _342\"></span>exte de la tr<span class=\"__6 _336\"></span>an<span class=\"__6 _342\"></span>saction r\u00e9<span class=\"__6 _336\"></span>cen<span class=\"__6 _342\"></span>te est corr<span class=\"__6 _342\"></span>ectemen<span class=\"__6 _342\"></span>t appr\u00e9h<span class=\"__6 _342\"></span>end\u00e9 en consid\u00e9r<span class=\"__6 _342\"></span>an<span class=\"__6 _336\"></span>t les com<span class=\"__6 _342\"></span>posant<span class=\"__6 _342\"></span>es primair<span class=\"__6 _342\"></span>es et secondair<span class=\"__6 _342\"></span>es (le cas \u00e9ch\u00e9an<span class=\"__6 _342\"></span>t) ;<span class=\"__6 _341\"> </span>\u2022 <span class=\"__6 _335\"></span> <span class=\"__6 _f6\"></span>Vigila<span class=\"__6 _342\"></span>nce particuli<span class=\"__6 _336\"></span>\u00e8re c<span class=\"__6 _342\"></span>oncernan<span class=\"__6 _342\"></span>t la situa<span class=\"__6 _342\"></span>tion financi<span class=\"__6 _342\"></span>\u00e8re des soci<span class=\"__6 _336\"></span>\u00e9t\u00e9<span class=\"__6 _342\"></span>s du portefe<span class=\"__6 _342\"></span>uille (par ex<span class=\"__6 _342\"></span>emple, les e<span class=\"__6 _342\"></span>stimati<span class=\"__6 _336\"></span>ons de c<span class=\"__6 _336\"></span>onsomm<span class=\"__6 _342\"></span>ation de tr<span class=\"__6 _342\"></span>\u00e9sorerie).<span class=\"__6 _341\"> </span>1<span class=\"__6 gsc4\"> </span><span class=\"__6 _346\"> </span><span class=\"__6 gsc5\"> </span><span class=\"__6 _340\"></span><span class=\"__6 gsc4\"> </span><span class=\"__6 _338\"></span>Couvert<span class=\"__6 gsc4\"> </span>:<span class=\"__6 gsc4\"> </span>couv<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>t<span class=\"__6 gsc4\"> </span>par<span class=\"__6 gsc4\"> </span>l\u2019<span class=\"__6 _342\"></span>assis<span class=\"__6 _336\"></span>tance<span class=\"__6 gsc4\"> </span>de<span class=\"__6 gsc4\"> </span>Kr<span class=\"__6 _342\"></span>oll<span class=\"__6 gsc4\"> </span>;<span class=\"__6 gsc4\"> </span>Non<span class=\"__6 gsc4\"> </span>couvert<span class=\"__6 gsc4\"> </span>:<span class=\"__6 gsc4\"> </span>non<span class=\"__6 gsc4\"> </span>couv<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>t<span class=\"__6 gsc4\"> </span>par<span class=\"__6 gsc4\"> </span>l\u2019<span class=\"__6 _342\"></span>assis<span class=\"__6 _342\"></span>tance<span class=\"__6 gsc4\"> </span>de<span class=\"__6 gsc4\"> </span>Kroll<span class=\"__6 gsc4\"> </span>;<span class=\"__6 gsc4\"> </span>Non<span class=\"__6 gsc4\"> </span>a<span class=\"__6 _336\"></span>pplicable<span class=\"__6 gsc4\"> </span>:<span class=\"__6 gsc4\"> </span>a<span class=\"__6 _336\"></span>ucune<span class=\"__6 gsc4\"> </span>va<span class=\"__6 _342\"></span>leur<span class=\"__6 gsc4\"> </span>pr\u00e9sen<span class=\"__6 _342\"></span>te<span class=\"__6 gsc4\"> </span>\u00e0<span class=\"__6 gsc4\"> </span>ce<span class=\"__6 gsc4\"> </span>niveau<span class=\"__6 gsc4\"> </span>d<span class=\"__6 _336\"></span>ans<span class=\"__6 gsc4\"> </span>le<span class=\"__6 gsc4\"> </span>p<span class=\"__6 _336\"></span>ilier<span class=\"__6 gsc4\"> </span>concern\u00e9<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span>Il est \u00e0 n<span class=\"__6 _342\"></span>oter que Sofin<span class=\"__6 _342\"></span>a a fait appel \u00e0 Kroll, un<span class=\"__6 _336\"></span>e soci\u00e9t<span class=\"__6 _342\"></span>\u00e9 d\u2019<span class=\"__6 _335\"></span>\u00e9val<span class=\"__6 _336\"></span>ua<span class=\"__6 _342\"></span>tion ind\u00e9penda<span class=\"__6 _336\"></span>nt<span class=\"__6 _342\"></span>e, pour une<span class=\"__6 _342\"></span> assi<span class=\"__6 _342\"></span>stance d<span class=\"__6 _342\"></span>ans l\u2019<span class=\"__6 _335\"></span>\u00e9v<span class=\"__6 _336\"></span>alu<span class=\"__6 _342\"></span>ation des p<span class=\"__6 _336\"></span>articipa<span class=\"__6 _342\"></span>tions non co<span class=\"__6 _342\"></span>t\u00e9es d<span class=\"__6 _336\"></span>u portef<span class=\"__6 _336\"></span>euille Sofin<span class=\"__6 _336\"></span>a Direc<span class=\"__6 _342\"></span>t. L\u2019<span class=\"__6 _335\"></span>as<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span>sista<span class=\"__6 _342\"></span>nce fo<span class=\"__6 _342\"></span>urnie par Kr<span class=\"__6 _336\"></span>oll ne conc<span class=\"__6 _342\"></span>erne donc pas Sofin<span class=\"__6 _342\"></span>a Fond<span class=\"__6 _342\"></span>s Priv\u00e9<span class=\"__6 _336\"></span>s. L<span class=\"__6 _342\"></span>\u2019<span class=\"__6 _335\"></span>ensemble de ce<span class=\"__6 _342\"></span>s par<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span>ticipa<span class=\"__6 _342\"></span>tions non co<span class=\"__6 _342\"></span>t\u00e9es (le<span class=\"__6 _336\"></span>s \u00ab P<span class=\"__6 _342\"></span>articipa<span class=\"__6 _342\"></span>tions \u00bb), couv<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>tes pa<span class=\"__6 _342\"></span>r l\u2019<span class=\"__6 _342\"></span>assista<span class=\"__6 _342\"></span>nce de Kroll, r<span class=\"__6 _342\"></span>epr\u00e9s<span class=\"__6 _342\"></span>enten<span class=\"__6 _342\"></span>t 50% de la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _342\"></span>aleur du t<span class=\"__6 _336\"></span>ota<span class=\"__6 _342\"></span>l du portefe<span class=\"__6 _342\"></span>uille en tran<span class=\"__6 _336\"></span>spar<span class=\"__6 _342\"></span>ence, t<span class=\"__6 _342\"></span>el qu\u2019illustr<span class=\"__6 _342\"></span>\u00e9 ci-dessou<span class=\"__6 _336\"></span>s 1<span class=\"__6 _341\"> </span>. <table class=\"s_1 w1f2 h2e_2\" id=\"_e195b119-0317-4aac-8afb-4a8de14d6c75\"><tr><td class=\"t_6 m0_6 xde_4 hc_6 y455_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">HI\u00c9RARCHIE DES </td><td class=\"t_6 m0_6 x2fb hc_6 y456_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">INVES<span class=\"__6 _336\"></span>TISSEMENTS </td><td class=\"t_6 m0_6 x2fc hc_6 y455_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">SOFIN<span class=\"__6 _336\"></span>A </td><td class=\"t_6 m0_6 x2fd hc_6 y455_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">SOFIN<span class=\"__6 _336\"></span>A FONDS </td><td class=\"t_6 m0_6 x2fe hc_6 y456_1 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">% DE CO<span class=\"__6 _336\"></span>UVE<span class=\"__6 _336\"></span>RTURE </td></tr><tr><td class=\"t_6 m0_6 xde_4 hc_6 y457_1 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">JUS<span class=\"__6 _342\"></span>TES V<span class=\"__6 _342\"></span>AL<span class=\"__6 _342\"></span>EURS<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x2fb hc_6 y458_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">MINORIT<span class=\"__6 _335\"></span>AIRES \u00c0 </td><td class=\"t_6 m0_6 x2fc hc_6 y457_1 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">CROISSANCE<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x2fd hc_6 y457_1 ff4_6 fs6_6 fc2_6 sc0_6 ls19_6 ws2c_6\">PR<span class=\"__6 _343\"></span>I<span class=\"__6 _343\"></span>V\u00c9S<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x2ff hc_6 y458_1 ff4_6 fs6_6 fc2_6 sc0_6 ls3d_4 ws7a_1\">KRO<span class=\"__6 _343\"></span>LL S<span class=\"__6 _343\"></span>UR<span class=\"__6 _343\"></span> LE<span class=\"__6 _343\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x2fb hc_6 y459_1 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">L<span class=\"__6 _342\"></span>ONG T<span class=\"__6 _343\"></span>ERME<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 x300 hc_6 y459_1 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">T<span class=\"__6 _342\"></span>OT<span class=\"__6 _335\"></span>AL DU NIV<span class=\"__6 _342\"></span>EAU<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"c_1 n_1 xe7_4 y45a_1 w1f3 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Niveau 1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x301 y45a_1 w1f4 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Non couvert<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x302 y45a_1 w1f5 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Non co<span class=\"__6 _336\"></span>uvert<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x303 y45a_1 w1f6 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Non applic<span class=\"__6 _336\"></span>able<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x304 y45a_1 w1f7 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y45b_1 w1f8 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Niveau 2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x305 y45b_1 w1f9 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Co<span class=\"__6 _342\"></span>uvert<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x306 y45b_1 w1fa h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Couvert<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x307 y45b_1 w1fb h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Non applicable<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x308 y45b_1 w1fc h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">100%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y45c_1 w1fd h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Niveau 3<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x309 y45c_1 w1fe h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">C<span class=\"__6 _336\"></span>ouvert<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x30a y45c_1 w1ff h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Couvert<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x30b y45c_1 w1f4 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Non couvert<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x30c y45c_1 w200 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">52%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w201 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l du portefe<span class=\"__6 _342\"></span>uille en transp<span class=\"__6 _336\"></span>aren<span class=\"__6 _342\"></span>ce<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td class=\"c_1 n_1 x30d y398_2 w202 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">50%<span class=\"__6 _341\"> </span></div></td></tr></table>Ce<span class=\"__6 _336\"></span>tte a<span class=\"__6 _336\"></span>ssist<span class=\"__6 _342\"></span>ance a port\u00e9 sur diff\u00e9r<span class=\"__6 _342\"></span>ent<span class=\"__6 _342\"></span>es proc\u00e9d<span class=\"__6 _342\"></span>ures limit<span class=\"__6 _342\"></span>\u00e9es que Sofina a i<span class=\"__6 _336\"></span>dentifi<span class=\"__6 _342\"></span>\u00e9es et qu\u2019<span class=\"__6 _335\"></span>elle a deman<span class=\"__6 _336\"></span>d\u00e9 \u00e0 Kroll d\u2019<span class=\"__6 _335\"></span>eff<span class=\"__6 _336\"></span>ectuer<span class=\"__6 _335\"></span>. Dan<span class=\"__6 _342\"></span>s le cadre e<span class=\"__6 _342\"></span>t \u00e0 l\u2019issue de ces pr<span class=\"__6 _342\"></span>oc\u00e9dur<span class=\"__6 _336\"></span>es limit\u00e9<span class=\"__6 _336\"></span>es 2<span class=\"__6 _341\"> </span>, Kroll a c<span class=\"__6 _342\"></span>onclu que la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _342\"></span>aleur des \u00ab P<span class=\"__6 _335\"></span>articipation<span class=\"__6 _342\"></span>s \u00bb, telle que d\u00e9t<span class=\"__6 _342\"></span>ermin\u00e9e par Sofin<span class=\"__6 _342\"></span>a, \u00e9tait rai<span class=\"__6 _342\"></span>sonnable.<span class=\"__6 _341\"> </span>L<span class=\"__6 _342\"></span>es inves<span class=\"__6 _342\"></span>tissemen<span class=\"__6 _342\"></span>ts de Sofina F<span class=\"__6 _342\"></span>onds Priv<span class=\"__6 _342\"></span>\u00e9s dan<span class=\"__6 _342\"></span>s des fond<span class=\"__6 _336\"></span>s de capit<span class=\"__6 _336\"></span>al-risq<span class=\"__6 _336\"></span>ue et de cap<span class=\"__6 _342\"></span>ital-d\u00e9<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span>veloppemen<span class=\"__6 _342\"></span>t sont \u00e9<span class=\"__6 _342\"></span>valu\u00e9<span class=\"__6 _342\"></span>s sur la base de<span class=\"__6 _336\"></span>s derniers r<span class=\"__6 _342\"></span>apports obten<span class=\"__6 _342\"></span>us des Gesti<span class=\"__6 _342\"></span>onnaires de<span class=\"__6 _342\"></span> ces f<span class=\"__6 _342\"></span>onds d\u2019inve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>t ju<span class=\"__6 _336\"></span>squ\u2019<span class=\"__6 _342\"></span>\u00e0 mi-ma<span class=\"__6 _342\"></span>rs et leur v<span class=\"__6 _342\"></span>alorisa<span class=\"__6 _336\"></span>tion ser<span class=\"__6 _342\"></span>a par con<span class=\"__6 _342\"></span>s\u00e9quent ba<span class=\"__6 _342\"></span>s\u00e9e soit sur la ba<span class=\"__6 _342\"></span>se d\u2019un rapport au 3<span class=\"__6 _342\"></span>1 d\u00e9cembre 2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>5 soit sur la ba<span class=\"__6 _336\"></span>se d\u2019un r<span class=\"__6 _342\"></span>appor<span class=\"__6 _343\"></span>t au 30 sep<span class=\"__6 _342\"></span>tembre<span class=\"__6 _342\"></span> 2<span class=\"__6 _342\"></span>025<span class=\"__6 _336\"></span>. L<span class=\"__6 _342\"></span>es vale<span class=\"__6 _342\"></span>urs des r<span class=\"__6 _342\"></span>appor<span class=\"__6 _343\"></span>ts au 30 sep<span class=\"__6 _342\"></span>tembr<span class=\"__6 _342\"></span>e 20<span class=\"__6 _342\"></span>25 sont aj<span class=\"__6 _342\"></span>ust<span class=\"__6 _342\"></span>\u00e9es pour tenir com<span class=\"__6 _342\"></span>pte (i) des lib\u00e9r<span class=\"__6 _342\"></span>ation<span class=\"__6 _336\"></span>s de capit<span class=\"__6 _336\"></span>al et de<span class=\"__6 _342\"></span>s distribution<span class=\"__6 _342\"></span>s sur<span class=\"__6 _343\"></span>venues de<span class=\"__6 _336\"></span>puis la d<span class=\"__6 _342\"></span>ate d\u2019<span class=\"__6 _335\"></span>\u00e9missio<span class=\"__6 _336\"></span>n du dernier ra<span class=\"__6 _336\"></span>pport, (ii) des \u00e9vol<span class=\"__6 _342\"></span>utions des c<span class=\"__6 _342\"></span>ours de bour<span class=\"__6 _342\"></span>se des soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s cot<span class=\"__6 _336\"></span>\u00e9es d\u00e9t<span class=\"__6 _342\"></span>enues pa<span class=\"__6 _336\"></span>r ces f<span class=\"__6 _342\"></span>onds, et (iii) des \u00e9<span class=\"__6 _342\"></span>v\u00e9nemen<span class=\"__6 _342\"></span>ts significatifs qui se s<span class=\"__6 _336\"></span>ont pr<span class=\"__6 _342\"></span>oduits depuis c<span class=\"__6 _342\"></span>ette derni\u00e8r<span class=\"__6 _336\"></span>e dat<span class=\"__6 _342\"></span>e d\u2019<span class=\"__6 _335\"></span>\u00e9valu<span class=\"__6 _342\"></span>ation et la da<span class=\"__6 _342\"></span>te de cl\u00f4<span class=\"__6 _342\"></span>ture du 3<span class=\"__6 _342\"></span>1 d\u00e9cembr<span class=\"__6 _342\"></span>e 20<span class=\"__6 _336\"></span>25<span class=\"__6 _336\"></span>. L<span class=\"__6 _342\"></span>es vale<span class=\"__6 _342\"></span>urs au 31 d\u00e9<span class=\"__6 _336\"></span>cembr<span class=\"__6 _342\"></span>e 20<span class=\"__6 _342\"></span>25 ne son<span class=\"__6 _342\"></span>t quan<span class=\"__6 _342\"></span>t \u00e0 elles pa<span class=\"__6 _342\"></span>s ajus<span class=\"__6 _336\"></span>t\u00e9e<span class=\"__6 _336\"></span>s \u00e9ta<span class=\"__6 _342\"></span>nt donn\u00e9 qu\u2019<span class=\"__6 _335\"></span>elles r<span class=\"__6 _342\"></span>efl\u00e8ten<span class=\"__6 _342\"></span>t la ju<span class=\"__6 _342\"></span>ste va<span class=\"__6 _342\"></span>leur \u00e0 la da<span class=\"__6 _342\"></span>te de cl\u00f4t<span class=\"__6 _342\"></span>ure. L<span class=\"__6 _342\"></span>es v<span class=\"__6 _336\"></span>aleu<span class=\"__6 _336\"></span>rs re<span class=\"__6 _342\"></span>tenues son<span class=\"__6 _342\"></span>t enfin conv<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>ties en eu<span class=\"__6 _342\"></span>ros en utilisa<span class=\"__6 _342\"></span>nt le taux de c<span class=\"__6 _336\"></span>han<span class=\"__6 _342\"></span>ge de cl\u00f4tur<span class=\"__6 _342\"></span>e. L<span class=\"__6 _342\"></span>es fon<span class=\"__6 _336\"></span>ds pour les<span class=\"__6 _342\"></span>quels un contr<span class=\"__6 _342\"></span>at d\u2019<span class=\"__6 _342\"></span>ach<span class=\"__6 _342\"></span>at et de v<span class=\"__6 _336\"></span>ent<span class=\"__6 _342\"></span>e a \u00e9t\u00e9 sign\u00e9 \u00e0 la d<span class=\"__6 _342\"></span>ate du pr<span class=\"__6 _342\"></span>\u00e9sen<span class=\"__6 _342\"></span>t Rapport annuel son<span class=\"__6 _342\"></span>t \u00e9val<span class=\"__6 _336\"></span>u\u00e9s con<span class=\"__6 _342\"></span>form\u00e9men<span class=\"__6 _342\"></span>t aux terme<span class=\"__6 _342\"></span>s de ce contr<span class=\"__6 _342\"></span>at d\u2019<span class=\"__6 _342\"></span>ach<span class=\"__6 _342\"></span>at et de ven<span class=\"__6 _342\"></span>te. A<span class=\"__6 _336\"></span>u 31 d\u00e9c<span class=\"__6 _336\"></span>embr<span class=\"__6 _342\"></span>e 2<span class=\"__6 _342\"></span>025<span class=\"__6 _336\"></span>, plus de 62% de l<span class=\"__6 _342\"></span>a just<span class=\"__6 _342\"></span>e valeur de So<span class=\"__6 _342\"></span>fina Fon<span class=\"__6 _342\"></span>ds Priv<span class=\"__6 _336\"></span>\u00e9s es<span class=\"__6 _342\"></span>t bas\u00e9e soit sur de<span class=\"__6 _342\"></span>s rapports au 3<span class=\"__6 _342\"></span>1 d\u00e9cembre 2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>5, soit sur des v<span class=\"__6 _342\"></span>alorisa<span class=\"__6 _336\"></span>tion<span class=\"__6 _336\"></span>s \u00e9ta<span class=\"__6 _342\"></span>blies sur la ba<span class=\"__6 _336\"></span>se de cour<span class=\"__6 _342\"></span>s de bourse ou<span class=\"__6 _342\"></span> prix de tra<span class=\"__6 _342\"></span>nsaction<span class=\"__6 _342\"></span>s.<span class=\"__6 _341\"> </span>1<span class=\"__6 gsc4\"> </span><span class=\"__6 _346\"> </span><span class=\"__6 gsc4\"> </span><span class=\"__6 _340\"></span><span class=\"__6 gsc4\"> </span>Couvert<span class=\"__6 gsc4\"> </span>:<span class=\"__6 gsc4\"> </span>couv<span class=\"__6 _336\"></span>ert<span class=\"__6 gsc4\"> </span>par<span class=\"__6 gsc4\"> </span>l\u2019<span class=\"__6 _342\"></span>assist<span class=\"__6 _336\"></span>ance<span class=\"__6 gsc4\"> </span>de<span class=\"__6 gsc4\"> </span>Kr<span class=\"__6 _342\"></span>oll<span class=\"__6 gsc4\"> </span>;<span class=\"__6 gsc4\"> </span>Non<span class=\"__6 gsc4\"> </span>couvert<span class=\"__6 gsc4\"> </span>:<span class=\"__6 gsc4\"> </span>non<span class=\"__6 gsc4\"> </span>couv<span class=\"__6 _336\"></span>ert<span class=\"__6 gsc4\"> </span>par<span class=\"__6 gsc4\"> </span>l\u2019<span class=\"__6 _342\"></span>assist<span class=\"__6 _342\"></span>ance<span class=\"__6 gsc4\"> </span>de<span class=\"__6 gsc4\"> </span>Kroll<span class=\"__6 gsc4\"> </span>;<span class=\"__6 gsc4\"> </span>Non<span class=\"__6 gsc4\"> </span>appli<span class=\"__6 _336\"></span>cable<span class=\"__6 gsc4\"> </span>:<span class=\"__6 gsc4\"> </span>aucu<span class=\"__6 _336\"></span>ne<span class=\"__6 gsc4\"> </span>vale<span class=\"__6 _342\"></span>ur<span class=\"__6 gsc4\"> </span>pr\u00e9sen<span class=\"__6 _336\"></span>te<span class=\"__6 gsc4\"> </span>\u00e0<span class=\"__6 gsc4\"> </span>ce<span class=\"__6 gsc4\"> </span>niv<span class=\"__6 _342\"></span>eau<span class=\"__6 gsc4\"> </span>dans<span class=\"__6 gsc4\"> </span>le<span class=\"__6 gsc4\"> </span>pilier<span class=\"__6 gsc4\"> </span>c<span class=\"__6 _342\"></span>oncern\u00e9.<span class=\"__6 _341\"> </span>2 <span class=\"__6 _347\"> </span> L<span class=\"__6 _336\"></span>es proc<span class=\"__6 _342\"></span>\u00e9dures limit<span class=\"__6 _342\"></span>\u00e9es ne correspon<span class=\"__6 _336\"></span>dent pa<span class=\"__6 _342\"></span>s \u00e0 un audit, \u00e0 une revue<span class=\"__6 _342\"></span>, \u00e0 une compila<span class=\"__6 _336\"></span>tion ou \u00e0 to<span class=\"__6 _336\"></span>ute autr<span class=\"__6 _342\"></span>e forme d\u2019<span class=\"__6 _342\"></span>exa<span class=\"__6 _342\"></span>men ou d\u2019<span class=\"__6 _336\"></span>atte<span class=\"__6 _342\"></span>station en r<span class=\"__6 _336\"></span>apport avec le<span class=\"__6 _342\"></span>s normes d\u2019<span class=\"__6 _342\"></span>audit g\u00e9n\u00e9ralemen<span class=\"__6 _342\"></span>t reconnue<span class=\"__6 _342\"></span>s. De plus, les pr<span class=\"__6 _342\"></span>oc\u00e9dure<span class=\"__6 _336\"></span>s limit\u00e9es n<span class=\"__6 _342\"></span>\u2019<span class=\"__6 _342\"></span>ont pas \u00e9<span class=\"__6 _336\"></span>t\u00e9 effect<span class=\"__6 _336\"></span>u\u00e9es en pr<span class=\"__6 _336\"></span>\u00e9vision de o<span class=\"__6 _336\"></span>u en rela<span class=\"__6 _342\"></span>tion avec t<span class=\"__6 _342\"></span>out investis<span class=\"__6 _336\"></span>semen<span class=\"__6 _336\"></span>t r\u00e9ali<span class=\"__6 _342\"></span>s\u00e9 ou envisag\u00e9 par Sofin<span class=\"__6 _342\"></span>a. Ainsi, toute p<span class=\"__6 _342\"></span>ar<span class=\"__6 _343\"></span>tie envisagean<span class=\"__6 _342\"></span>t un investi<span class=\"__6 _342\"></span>ssement dan<span class=\"__6 _342\"></span>s ces \u00ab P<span class=\"__6 _342\"></span>articipation<span class=\"__6 _336\"></span>s \u00bb ou tout<span class=\"__6 _342\"></span>e partie envisagean<span class=\"__6 _342\"></span>t un investiss<span class=\"__6 _336\"></span>ement dir<span class=\"__6 _342\"></span>ectemen<span class=\"__6 _342\"></span>t au capital de Sofina ne de<span class=\"__6 _342\"></span>vrait pas con<span class=\"__6 _336\"></span>sid\u00e9rer q<span class=\"__6 _336\"></span>ue la mise en \u0153uvr<span class=\"__6 _342\"></span>e de ces proc\u00e9d<span class=\"__6 _336\"></span>ure<span class=\"__6 _336\"></span>s limit\u00e9es pa<span class=\"__6 _342\"></span>r Kroll est suffisan<span class=\"__6 _342\"></span>te dan<span class=\"__6 _342\"></span>s l\u2019<span class=\"__6 _342\"></span>optique des inve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>ts susmenti<span class=\"__6 _336\"></span>onn\u00e9s. L<span class=\"__6 _342\"></span>es r\u00e9<span class=\"__6 _336\"></span>sultat<span class=\"__6 _336\"></span>s de l\u2019<span class=\"__6 _342\"></span>analyse de Kr<span class=\"__6 _342\"></span>oll ne doiven<span class=\"__6 _336\"></span>t pas \u00eatr<span class=\"__6 _342\"></span>e consid\u00e9r<span class=\"__6 _342\"></span>\u00e9s comme une att<span class=\"__6 _342\"></span>estation<span class=\"__6 _336\"></span> d\u2019<span class=\"__6 _342\"></span>\u00e9quit\u00e9 r<span class=\"__6 _342\"></span>elative \u00e0 un<span class=\"__6 _342\"></span>e op\u00e9ration ou une a<span class=\"__6 _342\"></span>ttesta<span class=\"__6 _342\"></span>tion de solvabilit<span class=\"__6 _336\"></span>\u00e9. L<span class=\"__6 _342\"></span>es proc\u00e9dur<span class=\"__6 _342\"></span>es limit\u00e9es eff<span class=\"__6 _342\"></span>ectu\u00e9es par Kr<span class=\"__6 _342\"></span>oll compl\u00e8ten<span class=\"__6 _342\"></span>t les proc\u00e9dur<span class=\"__6 _342\"></span>es que Sofina est t<span class=\"__6 _342\"></span>enue de mettre en \u0153uvr<span class=\"__6 _342\"></span>e pour estimer la j<span class=\"__6 _342\"></span>uste va<span class=\"__6 _336\"></span>leur des \u00ab P<span class=\"__6 _342\"></span>articipation<span class=\"__6 _342\"></span>s \u00bb. Le r<span class=\"__6 _342\"></span>\u00e9sultat des analy<span class=\"__6 _342\"></span>ses men\u00e9es par Kr<span class=\"__6 _342\"></span>oll a \u00e9t\u00e9 pris en com<span class=\"__6 _342\"></span>pte par Sofin<span class=\"__6 _336\"></span>a dan<span class=\"__6 _342\"></span>s son \u00e9valua<span class=\"__6 _342\"></span>tion de la just<span class=\"__6 _342\"></span>e valeur des \u00ab P<span class=\"__6 _342\"></span>articipati<span class=\"__6 _336\"></span>ons \u00bb.<span class=\"__6 _341\"> </span>M\u00e9thode<span class=\"__6 _342\"></span>s appliqu\u00e9es con<span class=\"__6 _342\"></span>form\u00e9men<span class=\"__6 _342\"></span>t \u00e0 la norme I<span class=\"__6 _342\"></span>FR<span class=\"__6 _336\"></span>S 13 pour d\u00e9t<span class=\"__6 _342\"></span>erminer la jus<span class=\"__6 _342\"></span>te vale<span class=\"__6 _342\"></span>ur des actifs non c<span class=\"__6 _342\"></span>ot\u00e9s de niv<span class=\"__6 _342\"></span>eau 3 du portef<span class=\"__6 _336\"></span>euille d\u2019inv<span class=\"__6 _336\"></span>esti<span class=\"__6 _342\"></span>ssemen<span class=\"__6 _342\"></span>t en tran<span class=\"__6 _342\"></span>sparenc<span class=\"__6 _342\"></span>e<table class=\"s_1 w203 h2f_2\" id=\"_34ce1bfe-0307-48a5-bd32-50244c6ea573\"><tr><td class=\"t_6 m0_6 xde_4 hc_6 y45d_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">TECHNIQUE </td><td class=\"t_6 m0_6 x30e hc_6 y45d_1 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">UTIL<span class=\"__6 _336\"></span>ISA<span class=\"__6 _335\"></span>TION<span class=\"ls2_6 ws0_6\"> </span></td><td></td><td class=\"t_6 m0_6 x30f hc_6 y45e_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">DONN\u00c9ES </td><td class=\"t_6 m0_6 x310 hc_6 y45e_1 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">LI<span class=\"__6 _336\"></span>ENS E<span class=\"__6 _342\"></span>NTRE DONN\u00c9E<span class=\"__6 _342\"></span>S<span class=\"ls2_6\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hc_6 y45f_1 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">D\u2019\u00c9V<span class=\"__6 _342\"></span>ALUA<span class=\"__6 _335\"></span>TION<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30e hc_6 y45f_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">DE LA T<span class=\"__6 _343\"></span>ECHNIQUE<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 x30f hc_6 y460_1 ff4_6 fs6_6 fc2_6 sc0_6 ls24_6 ws82\">NON OBSERVABL<span class=\"__6 _342\"></span>ES<span class=\"ls2_6 ws0_6\"> </span></td><td class=\"t_6 m0_6 x310 hc_6 y460_1 ff4_6 fs6_6 fc2_6 sc0_6 ls24_6 ws82\">NON OBSERVABL<span class=\"__6 _342\"></span>ES<span class=\"ls2_6 ws0_6\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x30f hc_6 y461_1 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws57_4\">IMPORT<span class=\"__6 _342\"></span>ANT<span class=\"__6 _343\"></span>ES<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hc_6 y461_1 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">ET LA JUS<span class=\"__6 _342\"></span>TE V<span class=\"__6 _342\"></span>ALEUR<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y462_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Co\u00fbt d<span class=\"__6 _342\"></span>u capital is<span class=\"__6 _342\"></span>su de la </td><td class=\"t_6 m0_6 x310 hd_6 y462_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s le co\u00fbt du cap<span class=\"__6 _336\"></span>ital e<span class=\"__6 _336\"></span>st \u00e9lev<span class=\"__6 _342\"></span>\u00e9, </td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y463_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">calibr<span class=\"__6 _342\"></span>ation.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hd_6 y463_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">moin<span class=\"__6 _342\"></span>s la jus<span class=\"__6 _336\"></span>te va<span class=\"__6 _342\"></span>leur est \u00e9le<span class=\"__6 _336\"></span>v\u00e9e<span class=\"__6 _336\"></span>.<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y464_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>echnique de<span class=\"__6 _342\"></span>s flux de tr\u00e9sor<span class=\"__6 _342\"></span>erie </td><td class=\"t_6 m0_6 x30e hd_6 y464_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Appliqu\u00e9e pour le<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9<span class=\"__6 _336\"></span>s mat<span class=\"__6 _342\"></span>ures ou po<span class=\"__6 _336\"></span>ur les soci<span class=\"__6 _336\"></span>\u00e9t\u00e9<span class=\"__6 _342\"></span>s o\u00f9 suffisammen<span class=\"__6 _336\"></span>t d\u2019inf<span class=\"__6 _342\"></span>ormation e<span class=\"__6 _336\"></span>st </td><td></td><td class=\"t_6 m0_6 x30f hd_6 y464_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">V<span class=\"__6 _342\"></span>aleu<span class=\"__6 _342\"></span>r terminale sur ba<span class=\"__6 _336\"></span>se d\u2019un </td><td class=\"t_6 m0_6 x310 hd_6 y465_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s le taux de cr<span class=\"__6 _336\"></span>oissa<span class=\"__6 _342\"></span>nce \u00e0 long </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y466_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">actu<span class=\"__6 _342\"></span>alis\u00e9s ou Di<span class=\"__6 _336\"></span>scoun<span class=\"__6 _342\"></span>ted Ca<span class=\"__6 _342\"></span>sh Flow </td><td class=\"t_6 m0_6 x30e hd_6 y466_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">disponible.<span class=\"__6 _342\"></span> <span class=\"__6 _343\"></span><span class=\"ls2_6 ws0_6\"> </span></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y466_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">taux de c<span class=\"__6 _336\"></span>roi<span class=\"__6 _342\"></span>ssance \u00e0 long t<span class=\"__6 _342\"></span>erme.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hd_6 y467_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">terme e<span class=\"__6 _342\"></span>st \u00e9lev\u00e9, pl<span class=\"__6 _342\"></span>us la ju<span class=\"__6 _342\"></span>ste </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y468_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">model<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30e hd_6 y468_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Cett<span class=\"__6 _342\"></span>e m\u00e9thode con<span class=\"__6 _342\"></span>siste \u00e0 act<span class=\"__6 _342\"></span>ualiser des fl<span class=\"__6 _342\"></span>ux de tr\u00e9sor<span class=\"__6 _342\"></span>erie futurs a<span class=\"__6 _342\"></span>ttendus<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 x310 hd_6 y469_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">vale<span class=\"__6 _342\"></span>ur est \u00e9lev<span class=\"__6 _336\"></span>\u00e9e.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y46a_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">V<span class=\"__6 _342\"></span>aleu<span class=\"__6 _342\"></span>r terminale sur ba<span class=\"__6 _336\"></span>se d\u2019un </td><td class=\"t_6 m0_6 x310 hd_6 y46b_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s le multiple de sortie est </td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y46c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">multiple de sortie.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hd_6 y46d_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">\u00e9lev\u00e9<span class=\"__6 _342\"></span>, plus la j<span class=\"__6 _342\"></span>uste va<span class=\"__6 _342\"></span>leur est </td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x310 hd_6 y46e_1 ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws83\">\u00e9l<span class=\"__6 _343\"></span>ev\u00e9e.<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y46f_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiples de ma<span class=\"__6 _342\"></span>rch\u00e9 \u2013 multiple<span class=\"__6 _342\"></span>s des </td><td class=\"t_6 m0_6 x30e hd_6 y470_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">En l\u2019<span class=\"__6 _342\"></span>ab<span class=\"__6 _342\"></span>sence de tra<span class=\"__6 _336\"></span>nsac<span class=\"__6 _342\"></span>tion r\u00e9cen<span class=\"__6 _342\"></span>te sur la participa<span class=\"__6 _342\"></span>tion \u00e0 la da<span class=\"__6 _336\"></span>te de cl\u00f4<span class=\"__6 _342\"></span>ture et lor<span class=\"__6 _342\"></span>sque le </td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y471_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">ven<span class=\"__6 _342\"></span>tes ou de la m<span class=\"__6 _336\"></span>arge brut<span class=\"__6 _342\"></span>e ou de </td><td class=\"t_6 m0_6 x30e hd_6 y472_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Disco<span class=\"__6 _336\"></span>unt<span class=\"__6 _342\"></span>ed Cash Flo<span class=\"__6 _336\"></span>w model n\u2019<span class=\"__6 _335\"></span>est p<span class=\"__6 _336\"></span>as appliq<span class=\"__6 _342\"></span>u\u00e9. <span class=\"ls2_6\"> </span></td><td></td><td class=\"c_1 x313 y473_1 w204 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls3e_4 ws84\">D\u00e9<span class=\"__6 _343\"></span>cote</div><div class=\"t_6 m0_6 x311 hf_6 y3b2_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div><div class=\"t_6 m0_6 x312 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">issue de la c<span class=\"__6 _336\"></span>alibr<span class=\"__6 _336\"></span>ati<span class=\"__6 _336\"></span>on</div></td><td class=\"t_6 m0_6 x310 hd_6 y472_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s la d\u00e9cot<span class=\"__6 _336\"></span>e est \u00e9le<span class=\"__6 _342\"></span>v\u00e9e, moin<span class=\"__6 _342\"></span>s </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y474_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">l\u2019E<span class=\"__6 _342\"></span>BITDA ou de<span class=\"__6 _342\"></span>s reven<span class=\"__6 _342\"></span>us ou un mix </td><td class=\"t_6 m0_6 x30e hd_6 y475_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">L<span class=\"__6 _342\"></span>e principe de calibra<span class=\"__6 _342\"></span>tion est utilis<span class=\"__6 _342\"></span>\u00e9 pour d\u00e9terminer la d\u00e9<span class=\"__6 _336\"></span>cot<span class=\"__6 _342\"></span>e par rapport au pa<span class=\"__6 _342\"></span>nier de </td><td></td><td class=\"t_6 m0_6 x30f hd_6 y474_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">par r<span class=\"__6 _342\"></span>apport au groupe de </td><td class=\"t_6 m0_6 x310 hd_6 y475_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">la j<span class=\"__6 _336\"></span>ust<span class=\"__6 _342\"></span>e valeur e<span class=\"__6 _336\"></span>st \u00e9lev<span class=\"__6 _342\"></span>\u00e9e.<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y476_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">de ces m<span class=\"__6 _336\"></span>ultiples (sur la ba<span class=\"__6 _342\"></span>se de </td><td class=\"t_6 m0_6 x30e hd_6 y477_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s cot<span class=\"__6 _336\"></span>\u00e9es com<span class=\"__6 _342\"></span>parable<span class=\"__6 _342\"></span>s.<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y476_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s compar<span class=\"__6 _342\"></span>ables.<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y478_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s cot<span class=\"__6 _336\"></span>\u00e9es com<span class=\"__6 _342\"></span>parable<span class=\"__6 _342\"></span>s)<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y479_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">F<span class=\"__6 _342\"></span>acteur d\u2019<span class=\"__6 _335\"></span>actuali<span class=\"__6 _342\"></span>sation issu de la<span class=\"__6 _342\"></span> </td><td class=\"t_6 m0_6 x310 hd_6 y47a_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s le facteu<span class=\"__6 _336\"></span>r d\u2019<span class=\"__6 _342\"></span>actu<span class=\"__6 _336\"></span>alisa<span class=\"__6 _342\"></span>tion est </td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y47b_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">calibr<span class=\"__6 _342\"></span>ation.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hd_6 y47c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">\u00e9lev\u00e9<span class=\"__6 _342\"></span>, moins la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _342\"></span>aleur es<span class=\"__6 _336\"></span>t </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y47d_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Mod\u00e8le des r<span class=\"__6 _342\"></span>endement<span class=\"__6 _336\"></span>s att<span class=\"__6 _336\"></span>endu<span class=\"__6 _336\"></span>s </td><td class=\"c_1 n_1 x314 y47e_1 w205 h1d_6\" colspan=\"2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">L<span class=\"__6 _342\"></span>es start-up ou soci<span class=\"__6 _336\"></span>\u00e9t\u00e9<span class=\"__6 _342\"></span>s \u00ab early stage \u00bb<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x315 y47e_1 w206 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">ou certaine<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9<span class=\"__6 _336\"></span>s pour lesq<span class=\"__6 _342\"></span>uelles des sc\u00e9na<span class=\"__6 _342\"></span>rios<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"t_6 m0_6 x310 hd_6 y47f_1 ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws83\">\u00e9l<span class=\"__6 _343\"></span>ev\u00e9e.<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y480_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">pond\u00e9r<span class=\"__6 _336\"></span>\u00e9s pa<span class=\"__6 _336\"></span>r leur pr<span class=\"__6 _342\"></span>obabilit\u00e9 ou<span class=\"__6 _336\"></span> </td><td class=\"t_6 m0_6 x30e hd_6 y481_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">fortem<span class=\"__6 _336\"></span>ent diff<span class=\"__6 _336\"></span>\u00e9ren<span class=\"__6 _342\"></span>ts res<span class=\"__6 _342\"></span>tent pos<span class=\"__6 _336\"></span>sibles, lor<span class=\"__6 _342\"></span>sque les autr<span class=\"__6 _336\"></span>es m\u00e9<span class=\"__6 _336\"></span>thodes (tr<span class=\"__6 _342\"></span>ansacti<span class=\"__6 _342\"></span>on r\u00e9cen<span class=\"__6 _336\"></span>te,<span class=\"__6 _342\"></span> </td><td class=\"t_6 m0_6 x30f hd_6 y481_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">P<span class=\"__6 _342\"></span>oids a<span class=\"__6 _342\"></span>ttribu\u00e9s aux diff\u00e9r<span class=\"__6 _342\"></span>ents </td><td class=\"t_6 m0_6 x310 hd_6 y480_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s le poids du sc<span class=\"__6 _336\"></span>\u00e9nario<span class=\"__6 _342\"></span> </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y482_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">m\u00e9thode de<span class=\"__6 _342\"></span>s sc\u00e9nario<span class=\"__6 _342\"></span>s probabili<span class=\"__6 _342\"></span>s\u00e9s </td><td class=\"t_6 m0_6 x30e hd_6 y483_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">Disco<span class=\"__6 _336\"></span>unt<span class=\"__6 _342\"></span>ed Cash Flo<span class=\"__6 _336\"></span>w model, multiple<span class=\"__6 _336\"></span>s de mar<span class=\"__6 _342\"></span>ch\u00e9) ne peuv<span class=\"__6 _336\"></span>ent \u00ea<span class=\"__6 _342\"></span>tre appliqu\u00e9e<span class=\"__6 _336\"></span>s, son<span class=\"__6 _342\"></span>t </td><td class=\"t_6 m0_6 x30f hd_6 y483_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">sc\u00e9na<span class=\"__6 _342\"></span>rios (en g\u00e9n\u00e9ra<span class=\"__6 _342\"></span>l 3 \u00e0 </td><td class=\"t_6 m0_6 x310 hd_6 y482_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">pessimis<span class=\"__6 _342\"></span>te est \u00e9lev<span class=\"__6 _342\"></span>\u00e9, moin<span class=\"__6 _336\"></span>s la </td></tr><tr><td class=\"t_6 m0_6 xde_4 he_6 y484_1 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">(PWERM: P<span class=\"__6 _342\"></span>robability-W<span class=\"__6 _342\"></span>eight<span class=\"__6 _342\"></span>ed </td><td class=\"t_6 m0_6 x30e hd_6 y485_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">valori<span class=\"__6 _342\"></span>s\u00e9es sur la bas<span class=\"__6 _342\"></span>e de sc\u00e9nario<span class=\"__6 _336\"></span>s.<span class=\"ls2_6\"> </span></td><td class=\"t_6 m0_6 x30f hd_6 y485_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">4 sc\u00e9na<span class=\"__6 _342\"></span>rios, d\u2019<span class=\"__6 _335\"></span>extr\u00eam<span class=\"__6 _336\"></span>emen<span class=\"__6 _342\"></span>t </td><td class=\"t_6 m0_6 x310 hd_6 y484_1 ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws4a_4\">juste val<span class=\"__6 _343\"></span>eur<span class=\"__6 _343\"></span> est \u00e9<span class=\"__6 _343\"></span>lev\u00e9<span class=\"__6 _343\"></span>e.<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y486_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Expecte<span class=\"__6 _336\"></span>d Re<span class=\"__6 _342\"></span>turn Method)<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30e hd_6 y487_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">Ce<span class=\"__6 _336\"></span>s soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s sont v<span class=\"__6 _336\"></span>aloris\u00e9<span class=\"__6 _336\"></span>es sur la ba<span class=\"__6 _342\"></span>se de diff\u00e9ren<span class=\"__6 _342\"></span>ts sc\u00e9nari<span class=\"__6 _336\"></span>os fut<span class=\"__6 _336\"></span>urs a<span class=\"__6 _342\"></span>ttendus (r<span class=\"__6 _342\"></span>\u00e9sultat<span class=\"__6 _336\"></span>s </td><td class=\"t_6 m0_6 x30f hd_6 y487_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">pessimis<span class=\"__6 _342\"></span>tes \u00e0 optimis<span class=\"__6 _342\"></span>tes).<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y488 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">futur<span class=\"__6 _342\"></span>s de just<span class=\"__6 _342\"></span>es valeu<span class=\"__6 _336\"></span>rs pr<span class=\"__6 _342\"></span>obabilis\u00e9<span class=\"__6 _336\"></span>s).<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30f hd_6 y489 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">V<span class=\"__6 _342\"></span>aleu<span class=\"__6 _342\"></span>r de sor<span class=\"__6 _343\"></span>tie sur bas<span class=\"__6 _336\"></span>e d\u2019un </td><td class=\"t_6 m0_6 x310 hd_6 y48a ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s le multiple de sortie est </td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y48b ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">multiple de sortie.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hd_6 y48c ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">\u00e9lev\u00e9<span class=\"__6 _342\"></span>, plus la j<span class=\"__6 _342\"></span>uste va<span class=\"__6 _342\"></span>leur est </td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x310 hd_6 y48d ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws83\">\u00e9l<span class=\"__6 _343\"></span>ev\u00e9e.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td class=\"c_1 n_1 x314 y48e w205 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">L<span class=\"__6 _342\"></span>es start-up ou soci<span class=\"__6 _336\"></span>\u00e9t\u00e9<span class=\"__6 _342\"></span>s \u00ab early stage \u00bb<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x315 y48e w207 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">ou certaine<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9<span class=\"__6 _336\"></span>s pour lesq<span class=\"__6 _342\"></span>uelles des \u00e9tape<span class=\"__6 _342\"></span>s<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"t_6 m0_6 x310 hd_6 y48f ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Une d\u00e9co<span class=\"__6 _342\"></span>te est appliq<span class=\"__6 _336\"></span>u\u00e9e par<span class=\"__6 _336\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y490 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">importan<span class=\"__6 _342\"></span>tes r<span class=\"__6 _336\"></span>est<span class=\"__6 _342\"></span>ent \u00e0 fra<span class=\"__6 _342\"></span>nchir<span class=\"__6 _342\"></span>, lorsque les autr<span class=\"__6 _342\"></span>es m\u00e9thode<span class=\"__6 _342\"></span>s ne peuven<span class=\"__6 _342\"></span>t \u00eatre appliqu\u00e9<span class=\"__6 _336\"></span>es </td><td></td><td class=\"t_6 m0_6 x310 hd_6 y490 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">palier<span class=\"__6 _335\"></span>. Si un palier est fr<span class=\"__6 _342\"></span>anchi, </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y491 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">(tra<span class=\"__6 _342\"></span>nsaction r<span class=\"__6 _342\"></span>\u00e9cente<span class=\"__6 _342\"></span>, Discoun<span class=\"__6 _342\"></span>ted Ca<span class=\"__6 _336\"></span>sh Flow model, m<span class=\"__6 _336\"></span>ultiples de ma<span class=\"__6 _342\"></span>rch\u00e9, PWE<span class=\"__6 _342\"></span>RM), sont<span class=\"__6 _336\"></span> </td><td></td><td class=\"t_6 m0_6 x310 hd_6 y491 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">plus l<span class=\"__6 _336\"></span>a donn\u00e9e non ob<span class=\"__6 _336\"></span>servable </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y492 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">valori<span class=\"__6 _342\"></span>s\u00e9es selon la m\u00e9<span class=\"__6 _336\"></span>thode des mile<span class=\"__6 _336\"></span>ston<span class=\"__6 _336\"></span>es (\u00e9ta<span class=\"__6 _342\"></span>pes ou \u00e9v\u00e9n<span class=\"__6 _336\"></span>emen<span class=\"__6 _336\"></span>ts importan<span class=\"__6 _342\"></span>ts). <span class=\"ls2_6\"> </span></td><td class=\"t_6 m0_6 x30f hd_6 y492 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9cot<span class=\"__6 _342\"></span>e appliqu\u00e9e par pa<span class=\"__6 _342\"></span>lier </td><td class=\"t_6 m0_6 x310 hd_6 y492 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">augmen<span class=\"__6 _342\"></span>te ou diminue, pl<span class=\"__6 _342\"></span>us </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y493 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Milest<span class=\"__6 _342\"></span>ones appro<span class=\"__6 _336\"></span>ach<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30e hd_6 y493 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">Cett<span class=\"__6 _342\"></span>e m\u00e9thode con<span class=\"__6 _342\"></span>siste \u00e0 d\u00e9t<span class=\"__6 _342\"></span>erminer s\u2019il y a une indica<span class=\"__6 _342\"></span>tion de chan<span class=\"__6 _336\"></span>gemen<span class=\"__6 _336\"></span>t de ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur </td><td class=\"t_6 m0_6 x30f hd_6 y493 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">en fon<span class=\"__6 _336\"></span>ction des mile<span class=\"__6 _342\"></span>stones<span class=\"__6 _336\"></span> </td><td class=\"t_6 m0_6 x310 hd_6 y493 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">la j<span class=\"__6 _336\"></span>ust<span class=\"__6 _342\"></span>e valeur augm<span class=\"__6 _342\"></span>ente ou<span class=\"__6 _336\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y494 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">sur la ba<span class=\"__6 _336\"></span>se d\u2019un v\u00e9rifi<span class=\"__6 _336\"></span>cati<span class=\"__6 _342\"></span>on d\u2019un ou plusieu<span class=\"__6 _342\"></span>rs mileston<span class=\"__6 _336\"></span>es. Un o<span class=\"__6 _336\"></span>u plusi<span class=\"__6 _336\"></span>eurs mile<span class=\"__6 _342\"></span>stones son<span class=\"__6 _342\"></span>t </td><td class=\"t_6 m0_6 x30f hd_6 y494 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">pr\u00e9d\u00e9<span class=\"__6 _336\"></span>finis.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hd_6 y494 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">diminue. Si le pr<span class=\"__6 _342\"></span>emier palier n<span class=\"__6 _342\"></span>\u2019<span class=\"__6 _342\"></span>est<span class=\"__6 _336\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y495 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">commun<span class=\"__6 _336\"></span>\u00e9men<span class=\"__6 _342\"></span>t \u00e9tablis en f<span class=\"__6 _336\"></span>onction d<span class=\"__6 _342\"></span>u stade de d\u00e9veloppem<span class=\"__6 _342\"></span>ent de la soci\u00e9t<span class=\"__6 _342\"></span>\u00e9. L<span class=\"__6 _342\"></span>es mileston<span class=\"__6 _336\"></span>es </td><td></td><td class=\"t_6 m0_6 x310 hd_6 y495 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">pas fr<span class=\"__6 _342\"></span>anchi, plu<span class=\"__6 _342\"></span>s la donn\u00e9e non </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y496 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">peuven<span class=\"__6 _342\"></span>t inclur<span class=\"__6 _342\"></span>e des indica<span class=\"__6 _342\"></span>teurs fina<span class=\"__6 _342\"></span>nciers, de<span class=\"__6 _342\"></span>s indicat<span class=\"__6 _342\"></span>eurs tec<span class=\"__6 _336\"></span>hniques e<span class=\"__6 _336\"></span>t des indi<span class=\"__6 _336\"></span>cat<span class=\"__6 _342\"></span>eurs </td><td></td><td class=\"t_6 m0_6 x310 hd_6 y496 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">observable dimin<span class=\"__6 _336\"></span>ue, plu<span class=\"__6 _342\"></span>s la just<span class=\"__6 _342\"></span>e </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y497 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">mark<span class=\"__6 _342\"></span>etin<span class=\"__6 _342\"></span>g et commerci<span class=\"__6 _336\"></span>aux.<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 x310 hd_6 y497 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">vale<span class=\"__6 _342\"></span>ur diminue.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y498 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">Sur la ba<span class=\"__6 _336\"></span>se des dernier<span class=\"__6 _342\"></span>s rapports disponibles<span class=\"__6 _342\"></span>, obtenus de<span class=\"__6 _342\"></span>s Gestionnair<span class=\"__6 _342\"></span>es. <span class=\"ls2_6\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y499 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">Cett<span class=\"__6 _342\"></span>e m\u00e9thode con<span class=\"__6 _342\"></span>siste \u00e0 utiliser l<span class=\"__6 _342\"></span>a quote-part da<span class=\"__6 _342\"></span>ns les actifs n<span class=\"__6 _336\"></span>ets r<span class=\"__6 _342\"></span>apport\u00e9s aju<span class=\"__6 _342\"></span>st\u00e9e (i) des </td><td class=\"t_6 m0_6 x30f hd_6 y499 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">La ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur sur la base de </td><td class=\"t_6 m0_6 x310 hd_6 y49a ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s la donn\u00e9e non observable<span class=\"__6 _342\"></span> </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y49b ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Actif ne<span class=\"__6 _342\"></span>t r\u00e9\u00e9va<span class=\"__6 _342\"></span>lu\u00e9 ave<span class=\"__6 _336\"></span>c actifs </td><td class=\"t_6 m0_6 x30e hd_6 y49b ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">lib\u00e9ra<span class=\"__6 _342\"></span>tions de cap<span class=\"__6 _342\"></span>ital et des dis<span class=\"__6 _342\"></span>tributions survenues de<span class=\"__6 _336\"></span>puis la d<span class=\"__6 _336\"></span>at<span class=\"__6 _342\"></span>e d\u2019<span class=\"__6 _342\"></span>\u00e9mission du derni<span class=\"__6 _342\"></span>er </td><td class=\"t_6 m0_6 x30f hd_6 y49b ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">rapports de<span class=\"__6 _342\"></span>s Gestionnair<span class=\"__6 _342\"></span>es est </td><td class=\"t_6 m0_6 x310 hd_6 y49c ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">augmen<span class=\"__6 _342\"></span>te, plu<span class=\"__6 _342\"></span>s la just<span class=\"__6 _342\"></span>e valeur<span class=\"__6 _336\"></span> </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y49d ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">comp<span class=\"__6 _342\"></span>tabilis\u00e9<span class=\"__6 _336\"></span>s \u00e0 leur j<span class=\"__6 _342\"></span>uste va<span class=\"__6 _342\"></span>leur<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30e hd_6 y49d ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">rapport, (ii) des \u00e9<span class=\"__6 _342\"></span>volution<span class=\"__6 _342\"></span>s des cours de bo<span class=\"__6 _336\"></span>urse de<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9s c<span class=\"__6 _342\"></span>ot\u00e9es e<span class=\"__6 _336\"></span>t (iii) des \u00e9v<span class=\"__6 _342\"></span>\u00e9nements<span class=\"__6 _342\"></span> </td><td class=\"t_6 m0_6 x30f hd_6 y49d ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">con<span class=\"__6 _336\"></span>sid\u00e9r\u00e9<span class=\"__6 _336\"></span>e comme donn\u00e9e n<span class=\"__6 _342\"></span>on </td><td class=\"t_6 m0_6 x310 hd_6 y49e ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">augmen<span class=\"__6 _342\"></span>te.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y49f ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">significa<span class=\"__6 _342\"></span>tifs. Le<span class=\"__6 _342\"></span>s investiss<span class=\"__6 _336\"></span>emen<span class=\"__6 _342\"></span>ts sous-jacen<span class=\"__6 _342\"></span>ts du fon<span class=\"__6 _342\"></span>ds doiven<span class=\"__6 _342\"></span>t \u00eatre ra<span class=\"__6 _336\"></span>pport\u00e9s \u00e0 la j<span class=\"__6 _342\"></span>uste<span class=\"__6 _336\"></span> </td><td class=\"t_6 m0_6 x30f hd_6 y49f ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">observable<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4a0 ff2_6 fs7_6 fc1_6 sc0_6 ls3f_4 ws85\">v<span class=\"__6 _343\"></span>a<span class=\"__6 _343\"></span>l<span class=\"__6 _2f_4\"></span>e<span class=\"__6 _343\"></span>u<span class=\"__6 _2f_4\"></span>r.<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td></tr></table>1 <span class=\"__6 _346\"> </span>  <span class=\"__6 _338\"></span> <span class=\"__6 _338\"></span>Da<span class=\"__6 _336\"></span>ns certain<span class=\"__6 _342\"></span>s cas, une sur<span class=\"__6 _342\"></span>cote es<span class=\"__6 _342\"></span>t appliqu\u00e9e par rapport au gr<span class=\"__6 _342\"></span>oupe de soci\u00e9t\u00e9<span class=\"__6 _336\"></span>s compar<span class=\"__6 _342\"></span>ables, \u00e9galemen<span class=\"__6 _342\"></span>t issue du principe de ca<span class=\"__6 _342\"></span>libration. D<span class=\"__6 _342\"></span>ans certains c<span class=\"__6 _342\"></span>as exce<span class=\"__6 _336\"></span>ptionnels<span class=\"__6 _342\"></span>, la d\u00e9cote e<span class=\"__6 _336\"></span>st estim\u00e9e su<span class=\"__6 _342\"></span>r la base d\u2019<span class=\"__6 _342\"></span>autres m<span class=\"__6 _336\"></span>\u00e9thodes que l<span class=\"__6 _336\"></span>a calibr<span class=\"__6 _336\"></span>ation.<span class=\"__6 _341\"> </span><table class=\"s_1 w20b h31_2\" id=\"_0fcf567d-5f83-4a59-84a5-60d28aabde13\"><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4b5 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">A chaque f<span class=\"__6 _342\"></span>ois qu\u2019une tr<span class=\"__6 _342\"></span>ansac<span class=\"__6 _336\"></span>tion r\u00e9<span class=\"__6 _336\"></span>cen<span class=\"__6 _336\"></span>te et signifi<span class=\"__6 _342\"></span>cative a \u00e9t<span class=\"__6 _342\"></span>\u00e9 r\u00e9alis<span class=\"__6 _336\"></span>\u00e9e pour la pa<span class=\"__6 _342\"></span>r<span class=\"__6 _343\"></span>ticipa<span class=\"__6 _336\"></span>tion </td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4b6 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">\u00e0 la da<span class=\"__6 _342\"></span>te de cl\u00f4tur<span class=\"__6 _342\"></span>e et pour aut<span class=\"__6 _336\"></span>an<span class=\"__6 _342\"></span>t que la tran<span class=\"__6 _342\"></span>saction rem<span class=\"__6 _342\"></span>plisse les crit<span class=\"__6 _342\"></span>\u00e8res de ma<span class=\"__6 _336\"></span>rch<span class=\"__6 _342\"></span>\u00e9 et </td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4b7 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">d\u2019int<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>venan<span class=\"__6 _342\"></span>t de marc<span class=\"__6 _342\"></span>h\u00e9. <span class=\"ls2_6\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4b8 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Re<span class=\"__6 _342\"></span>tenons que le<span class=\"__6 _342\"></span>s IPEV V<span class=\"__6 _342\"></span>alu<span class=\"__6 _342\"></span>ation Guideline<span class=\"__6 _342\"></span>s ne consid\u00e8r<span class=\"__6 _342\"></span>ent plus le prix de l<span class=\"__6 _342\"></span>a transa<span class=\"__6 _342\"></span>ction </td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4b9 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">r\u00e9c<span class=\"__6 _342\"></span>ente comme u<span class=\"__6 _342\"></span>ne technique de v<span class=\"__6 _342\"></span>alorisation p<span class=\"__6 _336\"></span>ar d\u00e9fa<span class=\"__6 _342\"></span>ut mais plut\u00f4<span class=\"__6 _342\"></span>t comme un poin<span class=\"__6 _342\"></span>t de </td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y4ba ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Prix de l<span class=\"__6 _336\"></span>a derni\u00e8re tr<span class=\"__6 _342\"></span>ansac<span class=\"__6 _342\"></span>tion </td><td class=\"t_6 m0_6 x30e hd_6 y4bb ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">d\u00e9part de l\u2019<span class=\"__6 _335\"></span>estima<span class=\"__6 _342\"></span>tion de la ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur. P<span class=\"__6 _335\"></span>ar cons\u00e9q<span class=\"__6 _336\"></span>uent, le prix de l<span class=\"__6 _336\"></span>a tra<span class=\"__6 _336\"></span>nsac<span class=\"__6 _342\"></span>tion r\u00e9cen<span class=\"__6 _342\"></span>te </td><td class=\"t_6 m0_6 x30f hd_6 y4bb ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">La ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur de la derni\u00e8re </td><td class=\"t_6 m0_6 x310 hd_6 y4bb ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s la donn\u00e9e non observable<span class=\"__6 _342\"></span> </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y4bc ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">r\u00e9c<span class=\"__6 _342\"></span>ente (PO<span class=\"__6 _342\"></span>RI)<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30e hd_6 y4bd ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">comme t<span class=\"__6 _336\"></span>echnique de v<span class=\"__6 _342\"></span>alorisati<span class=\"__6 _336\"></span>on n\u2019<span class=\"__6 _335\"></span>est utilis<span class=\"__6 _336\"></span>\u00e9 que lorsq<span class=\"__6 _336\"></span>ue la tra<span class=\"__6 _342\"></span>nsaction r<span class=\"__6 _342\"></span>\u00e9cent<span class=\"__6 _336\"></span>e est<span class=\"__6 _336\"></span> </td><td class=\"t_6 m0_6 x30f hd_6 y4bd ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">tra<span class=\"__6 _342\"></span>nsaction es<span class=\"__6 _342\"></span>t consid\u00e9r<span class=\"__6 _342\"></span>\u00e9e </td><td class=\"t_6 m0_6 x310 hd_6 y4bd ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">augmen<span class=\"__6 _342\"></span>te, plu<span class=\"__6 _342\"></span>s la just<span class=\"__6 _342\"></span>e valeur<span class=\"__6 _336\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4be ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">suffisammen<span class=\"__6 _342\"></span>t proche de l<span class=\"__6 _342\"></span>a date de cl\u00f4<span class=\"__6 _342\"></span>ture (et r<span class=\"__6 _342\"></span>\u00e9pond aux crit<span class=\"__6 _342\"></span>\u00e8res de ma<span class=\"__6 _342\"></span>rch\u00e9 et d\u2019in<span class=\"__6 _342\"></span>tervenan<span class=\"__6 _342\"></span>t </td><td class=\"t_6 m0_6 x30f hd_6 y4be ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">comme donn\u00e9<span class=\"__6 _336\"></span>e non observable<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hd_6 y4be ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">augmen<span class=\"__6 _342\"></span>te.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4bf ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">de mar<span class=\"__6 _342\"></span>ch\u00e9). <span class=\"ls2_6\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4c0 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Da<span class=\"__6 _342\"></span>ns le cadr<span class=\"__6 _342\"></span>e de cette tec<span class=\"__6 _342\"></span>hnique d\u2019investi<span class=\"__6 _336\"></span>ssemen<span class=\"__6 _342\"></span>t, un investi<span class=\"__6 _336\"></span>ssemen<span class=\"__6 _342\"></span>t pour lequel un accor<span class=\"__6 _342\"></span>d </td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4c1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">d\u2019<span class=\"__6 _342\"></span>acha<span class=\"__6 _342\"></span>t et de vent<span class=\"__6 _342\"></span>e a \u00e9t\u00e9 sign\u00e9 es<span class=\"__6 _342\"></span>t \u00e9valu\u00e9 sur l<span class=\"__6 _342\"></span>a base des term<span class=\"__6 _342\"></span>es de l\u2019<span class=\"__6 _342\"></span>accord d\u2019<span class=\"__6 _335\"></span>achat et de<span class=\"__6 _342\"></span> </td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4c2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">ven<span class=\"__6 _342\"></span>te. En f<span class=\"__6 _342\"></span>onction des c<span class=\"__6 _336\"></span>ondition<span class=\"__6 _342\"></span>s de cl\u00f4tur<span class=\"__6 _342\"></span>e d\u00e9finies dan<span class=\"__6 _342\"></span>s l\u2019<span class=\"__6 _342\"></span>accord d\u2019<span class=\"__6 _335\"></span>achat et de v<span class=\"__6 _342\"></span>ente<span class=\"__6 _336\"></span>, les </td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4c3 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">proba<span class=\"__6 _342\"></span>bilit\u00e9s de cl\u00f4<span class=\"__6 _342\"></span>ture peuv<span class=\"__6 _342\"></span>ent \u00eatr<span class=\"__6 _342\"></span>e prises en comp<span class=\"__6 _342\"></span>te dan<span class=\"__6 _336\"></span>s l\u2019<span class=\"__6 _335\"></span>\u00e9val<span class=\"__6 _336\"></span>uati<span class=\"__6 _342\"></span>on.<span class=\"__6 _341\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y4c4 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">La ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur sur la base </td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4c5 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Da<span class=\"__6 _342\"></span>ns des ca<span class=\"__6 _336\"></span>s ex<span class=\"__6 _342\"></span>ceptionnel<span class=\"__6 _342\"></span>s, une autr<span class=\"__6 _336\"></span>e m\u00e9thodologi<span class=\"__6 _342\"></span>e est consi<span class=\"__6 _336\"></span>d\u00e9r\u00e9e a<span class=\"__6 _342\"></span>fin de mieux re<span class=\"__6 _336\"></span>fl\u00e9ter<span class=\"__6 _336\"></span> </td><td class=\"t_6 m0_6 x30f hd_6 y4c5 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">de rapports d'un e<span class=\"__6 _342\"></span>xper<span class=\"__6 _343\"></span>t est </td><td class=\"t_6 m0_6 x310 hd_6 y4c5 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s la donn\u00e9e non observable<span class=\"__6 _342\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4c6 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">la j<span class=\"__6 _336\"></span>ust<span class=\"__6 _342\"></span>e valeur de la o<span class=\"__6 _342\"></span>u d'une fracti<span class=\"__6 _336\"></span>on de la participa<span class=\"__6 _342\"></span>tion (par e<span class=\"__6 _336\"></span>xem<span class=\"__6 _336\"></span>ple un ra<span class=\"__6 _336\"></span>pport d'<span class=\"__6 _336\"></span>expertise </td><td class=\"t_6 m0_6 x30f hd_6 y4c6 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">con<span class=\"__6 _336\"></span>sid\u00e9r\u00e9<span class=\"__6 _336\"></span>e comme donn\u00e9e n<span class=\"__6 _342\"></span>on </td><td class=\"t_6 m0_6 x310 hd_6 y4c6 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">augmen<span class=\"__6 _342\"></span>te, plu<span class=\"__6 _342\"></span>s la just<span class=\"__6 _342\"></span>e valeur<span class=\"__6 _336\"></span> </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y4c7 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Autr<span class=\"__6 _342\"></span>es m\u00e9thodes<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30e hd_6 y4c8 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">de vale<span class=\"__6 _342\"></span>ur de terrain<span class=\"__6 _342\"></span>s ou biens). E<span class=\"__6 _342\"></span>n l'ab<span class=\"__6 _342\"></span>sence de prix activem<span class=\"__6 _342\"></span>ent n\u00e9goci\u00e9<span class=\"__6 _336\"></span>s, la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _336\"></span>aleur d'u<span class=\"__6 _336\"></span>n </td><td class=\"t_6 m0_6 x30f hd_6 y4c8 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">observable<span class=\"__6 _342\"></span>. Po<span class=\"__6 _336\"></span>ur l'<span class=\"__6 _342\"></span>approche p<span class=\"__6 _336\"></span>ar </td><td class=\"t_6 m0_6 x310 hd_6 y4c8 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">augmen<span class=\"__6 _342\"></span>te. P<span class=\"__6 _342\"></span>our l'<span class=\"__6 _342\"></span>approch<span class=\"__6 _342\"></span>e par </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4c9 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">inves<span class=\"__6 _342\"></span>tissement en titr<span class=\"__6 _342\"></span>es de dette e<span class=\"__6 _342\"></span>st g\u00e9n\u00e9ralem<span class=\"__6 _342\"></span>ent d\u00e9riv\u00e9e d'un<span class=\"__6 _336\"></span>e ana<span class=\"__6 _342\"></span>lyse de rendem<span class=\"__6 _336\"></span>ent<span class=\"__6 _336\"></span> </td><td class=\"t_6 m0_6 x30f hd_6 y4c9 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">le ren<span class=\"__6 _336\"></span>demen<span class=\"__6 _336\"></span>t d'un inve<span class=\"__6 _336\"></span>stissem<span class=\"__6 _342\"></span>ent </td><td class=\"t_6 m0_6 x310 hd_6 y4c9 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">le ren<span class=\"__6 _336\"></span>demen<span class=\"__6 _336\"></span>t, plus le r<span class=\"__6 _342\"></span>endement<span class=\"__6 _342\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4ca ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">tena<span class=\"__6 _342\"></span>nt comp<span class=\"__6 _342\"></span>te de la qualit<span class=\"__6 _342\"></span>\u00e9 du cr\u00e9dit, d<span class=\"__6 _342\"></span>u coupon et de l'<span class=\"__6 _342\"></span>\u00e9ch\u00e9an<span class=\"__6 _336\"></span>ce, ain<span class=\"__6 _342\"></span>si que de l'a<span class=\"__6 _336\"></span>pplica<span class=\"__6 _342\"></span>tion </td><td class=\"t_6 m0_6 x30f hd_6 y4ca ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">en titre<span class=\"__6 _342\"></span>s de dette, le r<span class=\"__6 _342\"></span>endement </td><td class=\"t_6 m0_6 x310 hd_6 y4ca ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">est \u00e9le<span class=\"__6 _342\"></span>v\u00e9, plus l<span class=\"__6 _342\"></span>a just<span class=\"__6 _342\"></span>e valeur es<span class=\"__6 _342\"></span>t </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4cb ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">du principe de ca<span class=\"__6 _342\"></span>librage (appr<span class=\"__6 _336\"></span>oche pa<span class=\"__6 _342\"></span>r le rendemen<span class=\"__6 _342\"></span>t).<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30f hd_6 y4cb ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">est c<span class=\"__6 _336\"></span>onsid\u00e9r<span class=\"__6 _342\"></span>\u00e9 comme une </td><td class=\"t_6 m0_6 x310 hd_6 y4cb ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">faible.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y4cc ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">donn\u00e9e non ob<span class=\"__6 _342\"></span>ser<span class=\"__6 _343\"></span>vable.<span class=\"__6 _341\"> </span></td><td></td></tr></table>M\u00e9thode a<span class=\"__6 _342\"></span>ppliqu\u00e9e pour allouer la ju<span class=\"__6 _342\"></span>ste v<span class=\"__6 _342\"></span>aleur es<span class=\"__6 _342\"></span>tim\u00e9e des capita<span class=\"__6 _342\"></span>ux propre<span class=\"__6 _342\"></span>s aux diff\u00e9ren<span class=\"__6 _342\"></span>tes c<span class=\"__6 _336\"></span>la<span class=\"__6 _342\"></span>sses d\u2019<span class=\"__6 _342\"></span>action<span class=\"__6 _342\"></span>s en fonc<span class=\"__6 _336\"></span>tion de leur<span class=\"__6 _342\"></span>s droits r<span class=\"__6 _342\"></span>espectifs<table class=\"s_1 w208 h30_2\" id=\"_7cffa761-c8e4-4444-967a-9a9cf764a2e2\"><tr><td class=\"c_1 n_1 xe7_4 y4a1 w209 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">TECHNIQUE D\u2019\u00c9V<span class=\"__6 _342\"></span>AL<span class=\"__6 _342\"></span>UA<span class=\"__6 _342\"></span>TION<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x316 y4a1 w20a h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">UTILI<span class=\"__6 _336\"></span>SA<span class=\"__6 _335\"></span>TION DE LA TE<span class=\"__6 _342\"></span>CHNIQU<span class=\"__6 _336\"></span>E<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 x246 hc_6 y4a2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">DONN\u00c9ES NON OBSERVABL<span class=\"__6 _342\"></span>ES<span class=\"ls2_6 ws0_6\"> </span></td><td class=\"t_6 m0_6 x317 hc_6 y4a2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">LI<span class=\"__6 _336\"></span>ENS E<span class=\"__6 _342\"></span>NTRE DONN\u00c9E<span class=\"__6 _342\"></span>S NON OBS<span class=\"__6 _342\"></span>ERV<span class=\"__6 _342\"></span>ABL<span class=\"__6 _342\"></span>ES ET LA </td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x246 hc_6 y4a3 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws57_4\">IMPORT<span class=\"__6 _342\"></span>ANT<span class=\"__6 _343\"></span>ES<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x317 hc_6 y4a3 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">JUS<span class=\"__6 _342\"></span>TE V<span class=\"__6 _342\"></span>ALEUR<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x317 hd_6 y4a4 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Une augmen<span class=\"__6 _342\"></span>tation de l<span class=\"__6 _342\"></span>a volatilit<span class=\"__6 _336\"></span>\u00e9 peut soit<span class=\"__6 _342\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x318 hd_6 y4a5 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Appliqu\u00e9 pour le<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9s o<span class=\"__6 _342\"></span>\u00f9 les droits e<span class=\"__6 _342\"></span>t </td><td class=\"t_6 m0_6 x246 hd_6 y4a6 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">V<span class=\"__6 _342\"></span>olatilit<span class=\"__6 _342\"></span>\u00e9.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x317 hd_6 y4a6 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">augmen<span class=\"__6 _342\"></span>ter soit diminuer la j<span class=\"__6 _342\"></span>ust<span class=\"__6 _336\"></span>e vale<span class=\"__6 _342\"></span>ur en fonction<span class=\"__6 _342\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x318 hd_6 y4a7 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">les pr<span class=\"__6 _342\"></span>\u00e9f\u00e9ren<span class=\"__6 _336\"></span>ces pe<span class=\"__6 _336\"></span>uven<span class=\"__6 _342\"></span>t dif<span class=\"__6 _343\"></span>f\u00e9r<span class=\"__6 _336\"></span>er de mani<span class=\"__6 _336\"></span>\u00e8re<span class=\"__6 _336\"></span> </td><td></td><td class=\"t_6 m0_6 x317 hd_6 y4a8 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">des cla<span class=\"__6 _342\"></span>sses d'<span class=\"__6 _342\"></span>actions d\u00e9<span class=\"__6 _342\"></span>tenues.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td class=\"t_6 m0_6 x318 hd_6 y4a9 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">significa<span class=\"__6 _342\"></span>tive entr<span class=\"__6 _342\"></span>e les cat<span class=\"__6 _336\"></span>\u00e9gories d'<span class=\"__6 _342\"></span>action<span class=\"__6 _342\"></span>s. <span class=\"ls2_6\"> </span></td><td></td><td class=\"t_6 m0_6 x317 hd_6 y4aa ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Une augmen<span class=\"__6 _342\"></span>tation d<span class=\"__6 _342\"></span>u temps j<span class=\"__6 _342\"></span>usqu'<span class=\"__6 _342\"></span>\u00e0 l'e<span class=\"__6 _342\"></span>xpirati<span class=\"__6 _336\"></span>on </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y4ab ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">M\u00e9thode d'<span class=\"__6 _342\"></span>\u00e9v<span class=\"__6 _342\"></span>alua<span class=\"__6 _342\"></span>tion des option<span class=\"__6 _342\"></span>s </td><td class=\"t_6 m0_6 x318 hd_6 y4ac ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Appliqu\u00e9 lors<span class=\"__6 _342\"></span>qu'il est applica<span class=\"__6 _342\"></span>ble et pertinent (par<span class=\"__6 _342\"></span> </td><td class=\"t_6 m0_6 x246 hd_6 y4ac ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9lai d'<span class=\"__6 _342\"></span>expir<span class=\"__6 _342\"></span>ation (par e<span class=\"__6 _342\"></span>xemple, m<span class=\"__6 _342\"></span>oment de la </td><td class=\"t_6 m0_6 x317 hd_6 y4ab ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">peut soit a<span class=\"__6 _342\"></span>ugmenter so<span class=\"__6 _342\"></span>it diminuer la ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _336\"></span>ur </td></tr><tr><td></td><td class=\"t_6 m0_6 x318 hd_6 y4ad ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">ex<span class=\"__6 _342\"></span>emple, il exis<span class=\"__6 _342\"></span>te des dro<span class=\"__6 _342\"></span>its et des pr\u00e9<span class=\"__6 _342\"></span>f\u00e9renc<span class=\"__6 _342\"></span>es </td><td class=\"t_6 m0_6 x246 hd_6 y4ad ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">sortie ou \u00e9v<span class=\"__6 _342\"></span>\u00e9nement de liq<span class=\"__6 _336\"></span>uidit\u00e9).<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x317 hd_6 y4ae ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">en fon<span class=\"__6 _336\"></span>ction des c<span class=\"__6 _342\"></span>lasses d'<span class=\"__6 _342\"></span>action<span class=\"__6 _342\"></span>s d\u00e9tenues<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td class=\"t_6 m0_6 x318 hd_6 y4af ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">diff\u00e9ren<span class=\"__6 _342\"></span>ts pour cha<span class=\"__6 _342\"></span>que cat\u00e9gorie d'<span class=\"__6 _342\"></span>action<span class=\"__6 _342\"></span>s et les </td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x318 hd_6 y4b0 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">act<span class=\"__6 _336\"></span>eurs d<span class=\"__6 _342\"></span>u march<span class=\"__6 _342\"></span>\u00e9 tiennent com<span class=\"__6 _342\"></span>pte de ces d<span class=\"__6 _336\"></span>roit<span class=\"__6 _342\"></span>s </td><td></td><td class=\"t_6 m0_6 x317 hd_6 y4b1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Une augmen<span class=\"__6 _342\"></span>tation d<span class=\"__6 _342\"></span>u taux d'int<span class=\"__6 _336\"></span>\u00e9r\u00ea<span class=\"__6 _336\"></span>t peut soit<span class=\"__6 _342\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x318 hd_6 y4b2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">et pr<span class=\"__6 _342\"></span>\u00e9f\u00e9ren<span class=\"__6 _336\"></span>ces).<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x246 hd_6 y4b3 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>aux d'in<span class=\"__6 _342\"></span>t\u00e9r\u00ea<span class=\"__6 _342\"></span>t en devise locale<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x317 hd_6 y4b3 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">augmen<span class=\"__6 _342\"></span>ter soit diminuer la j<span class=\"__6 _342\"></span>ust<span class=\"__6 _336\"></span>e vale<span class=\"__6 _342\"></span>ur en fonction<span class=\"__6 _342\"></span> </td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x317 hd_6 y4b4 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">des cla<span class=\"__6 _342\"></span>sses d'<span class=\"__6 _342\"></span>actions d\u00e9<span class=\"__6 _342\"></span>tenues.<span class=\"__6 _341\"> </span></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementOfAssetsExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-264": {
   "value": "2.3 P<span class=\"__6 _336\"></span>ORTE<span class=\"__6 _342\"></span>FEUIL<span class=\"__6 _342\"></span>LE D<span class=\"__6 _342\"></span>\u2019INVE<span class=\"__6 _342\"></span>S<span class=\"__6 _342\"></span>TISSE<span class=\"__6 _342\"></span>MENT EN TRA<span class=\"__6 _342\"></span>NSP<span class=\"__6 _335\"></span>A<span class=\"__6 _342\"></span>RENC<span class=\"__6 _342\"></span>E<span class=\"__6 _341\"> </span>Prin<span class=\"__6 _342\"></span>cipales r<span class=\"__6 _342\"></span>\u00e8gles de valori<span class=\"__6 _342\"></span>sation du portef<span class=\"__6 _342\"></span>euille d\u2019inve<span class=\"__6 _336\"></span>sti<span class=\"__6 _342\"></span>ssementL<span class=\"__6 _342\"></span>e groupe So<span class=\"__6 _336\"></span>fina utilise u<span class=\"__6 _342\"></span>ne hi\u00e9ra<span class=\"__6 _336\"></span>rc<span class=\"__6 _336\"></span>hie de la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _342\"></span>aleur qui r<span class=\"__6 _342\"></span>efl\u00e8te l\u2019importa<span class=\"__6 _342\"></span>nce des donn\u00e9e<span class=\"__6 _342\"></span>s permett<span class=\"__6 _336\"></span>an<span class=\"__6 _342\"></span>t <span class=\"__6 _343\"></span>d\u2019<span class=\"__6 _335\"></span>\u00e9tablir les \u00e9<span class=\"__6 _336\"></span>va<span class=\"__6 _336\"></span>lua<span class=\"__6 _342\"></span>tions :<span class=\"__6 _341\"> </span>\u2022 <span class=\"__6 _f5\"> </span> Niveau <span class=\"__6 _f5\"> </span>1<span class=\"ff2_6 ws5d_4\"> \u2013 L<span class=\"__6 _342\"></span>es actifs \u00e9v<span class=\"__6 _342\"></span>alu\u00e9s selon le niv<span class=\"__6 _342\"></span>eau 1 son<span class=\"__6 _336\"></span>t valori<span class=\"__6 _342\"></span>s\u00e9s au cou<span class=\"__6 _336\"></span>rs de bou<span class=\"__6 _336\"></span>rse \u00e0 l<span class=\"__6 _336\"></span>a da<span class=\"__6 _336\"></span>te </span>de cl\u00f4t<span class=\"__6 _336\"></span>ure ;<span class=\"__6 _341\"> </span>\u2022 <span class=\"__6 _f5\"> </span> Niveau <span class=\"__6 _337\"> </span>2<span class=\"ff2_6 ws5e_4\"> \u2013 Le<span class=\"__6 _342\"></span>s actifs \u00e9va<span class=\"__6 _342\"></span>lu\u00e9s selon le nivea<span class=\"__6 _342\"></span>u 2 sont va<span class=\"__6 _342\"></span>loris\u00e9s sur la ba<span class=\"__6 _342\"></span>se de donn\u00e9es obs<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span><span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></span>va<span class=\"__6 _336\"></span>bles comme le cour<span class=\"__6 _342\"></span>s <span class=\"__6 _343\"></span>de bourse du princip<span class=\"__6 _336\"></span>al actif d\u00e9t<span class=\"__6 _342\"></span>enu par la soci\u00e9t<span class=\"__6 _336\"></span>\u00e9 ;<span class=\"__6 _341\"> </span>\u2022 <span class=\"__6 _f5\"> </span> Niveau <span class=\"__6 _345\"> </span>3<span class=\"ff2_6 ws5f_4\"> \u2013 Le<span class=\"__6 _336\"></span>s actifs \u00e9<span class=\"__6 _336\"></span>va<span class=\"__6 _336\"></span>lu\u00e9s selon le niv<span class=\"__6 _342\"></span>eau 3 sont v<span class=\"__6 _342\"></span>aloris\u00e9<span class=\"__6 _336\"></span>s \u00e0 la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _336\"></span>aleur s<span class=\"__6 _342\"></span>elon des </span>principes d\u00e9riv<span class=\"__6 _336\"></span>\u00e9s des lign<span class=\"__6 _336\"></span>es dir<span class=\"__6 _342\"></span>ectrices d\u2019<span class=\"__6 _335\"></span>\u00e9v<span class=\"__6 _342\"></span>alua<span class=\"__6 _342\"></span>tion de l\u2019Int<span class=\"__6 _342\"></span>ernation<span class=\"__6 _342\"></span>al Priva<span class=\"__6 _342\"></span>te E<span class=\"__6 _342\"></span>quit<span class=\"__6 _343\"></span>y and V<span class=\"__6 _342\"></span>en<span class=\"__6 _336\"></span>tur<span class=\"__6 _342\"></span>e Capita<span class=\"__6 _342\"></span>l V<span class=\"__6 _342\"></span>alu<span class=\"__6 _336\"></span>ati<span class=\"__6 _336\"></span>on (\u00ab IPEV \u00bb V<span class=\"__6 _335\"></span>alu<span class=\"__6 _336\"></span>ati<span class=\"__6 _336\"></span>on Guideline<span class=\"__6 _336\"></span>s de d\u00e9cembr<span class=\"__6 _342\"></span>e 20<span class=\"__6 _342\"></span>25).<span class=\"__6 _341\"> </span>P<span class=\"__6 _342\"></span>our les titr<span class=\"__6 _342\"></span>es co<span class=\"__6 _336\"></span>t\u00e9s<span class=\"__6 _342\"></span>, la ju<span class=\"__6 _336\"></span>ste v<span class=\"__6 _342\"></span>aleur es<span class=\"__6 _342\"></span>t d\u00e9termin\u00e9e sur la b<span class=\"__6 _342\"></span>ase du prix co<span class=\"__6 _342\"></span>t\u00e9 sur un mar<span class=\"__6 _342\"></span>ch\u00e9 actif<span class=\"__6 _342\"></span>. Aucun aj<span class=\"__6 _342\"></span>ustem<span class=\"__6 _342\"></span>ent pour illiq<span class=\"__6 _336\"></span>uidit\u00e9 n<span class=\"__6 _342\"></span>\u2019<span class=\"__6 _335\"></span>est appliqu\u00e9 lor<span class=\"__6 _342\"></span>sque tout<span class=\"__6 _336\"></span>e p\u00e9riode de blocage o<span class=\"__6 _336\"></span>u re<span class=\"__6 _342\"></span>striction e<span class=\"__6 _336\"></span>st a<span class=\"__6 _342\"></span>ttribuable au d\u00e9<span class=\"__6 _336\"></span>ten<span class=\"__6 _342\"></span>teur du titr<span class=\"__6 _342\"></span>e plut\u00f4<span class=\"__6 _342\"></span>t qu\u2019<span class=\"__6 _342\"></span>au titre sou<span class=\"__6 _342\"></span>s-jacen<span class=\"__6 _342\"></span>t.<span class=\"__6 _341\"> </span>L<span class=\"__6 _342\"></span>es titre<span class=\"__6 _342\"></span>s non cot\u00e9<span class=\"__6 _342\"></span>s en bourse son<span class=\"__6 _342\"></span>t \u00e9va<span class=\"__6 _342\"></span>lu\u00e9s, \u00e0 ch<span class=\"__6 _336\"></span>aque da<span class=\"__6 _342\"></span>te de cl\u00f4t<span class=\"__6 _342\"></span>ure, selon u<span class=\"__6 _336\"></span>ne m\u00e9<span class=\"__6 _336\"></span>thode d\u2019<span class=\"__6 _335\"></span>\u00e9va<span class=\"__6 _342\"></span>luati<span class=\"__6 _336\"></span>on commun<span class=\"__6 _342\"></span>\u00e9ment admi<span class=\"__6 _336\"></span>se da<span class=\"__6 _336\"></span>ns c<span class=\"__6 _336\"></span>es ligne<span class=\"__6 _342\"></span>s directric<span class=\"__6 _336\"></span>es d\u2019<span class=\"__6 _335\"></span>\u00e9v<span class=\"__6 _342\"></span>alua<span class=\"__6 _342\"></span>tion IPEV ou<span class=\"__6 _342\"></span>, le cas \u00e9ch\u00e9a<span class=\"__6 _342\"></span>nt, \u00e0 la v<span class=\"__6 _336\"></span>aleur d\u2019<span class=\"__6 _335\"></span>actif net..<span class=\"__6 _341\"> </span>L<span class=\"__6 _342\"></span>es diff\u00e9r<span class=\"__6 _336\"></span>ent<span class=\"__6 _342\"></span>es m\u00e9thode<span class=\"__6 _342\"></span>s de valorisa<span class=\"__6 _342\"></span>tion sont d\u00e9<span class=\"__6 _342\"></span>taill\u00e9es dan<span class=\"__6 _342\"></span>s le tableau sur le<span class=\"__6 _342\"></span>s m\u00e9thodes<span class=\"__6 _342\"></span> appliqu\u00e9e<span class=\"__6 _342\"></span>s conf<span class=\"__6 _342\"></span>orm\u00e9ment \u00e0 l<span class=\"__6 _336\"></span>a norme IF<span class=\"__6 _342\"></span>RS 13 po<span class=\"__6 _336\"></span>ur d\u00e9t<span class=\"__6 _342\"></span>erminer la ju<span class=\"__6 _342\"></span>ste va<span class=\"__6 _336\"></span>leur des a<span class=\"__6 _342\"></span>ctifs non cot<span class=\"__6 _342\"></span>\u00e9s de (Sofina Dir<span class=\"__6 _342\"></span>ect, c\u2019<span class=\"__6 _335\"></span>est-\u00e0-dir<span class=\"__6 _342\"></span>e Investis<span class=\"__6 _336\"></span>semen<span class=\"__6 _342\"></span>ts minoritair<span class=\"__6 _336\"></span>es \u00e0 long t<span class=\"__6 _342\"></span>erme et Sofina C<span class=\"__6 _342\"></span>roi<span class=\"__6 _342\"></span>s<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span>sanc<span class=\"__6 _342\"></span>e, et Sofina F<span class=\"__6 _342\"></span>onds<span class=\"__6 _342\"></span>. Bien que les va<span class=\"__6 _342\"></span>lorisation<span class=\"__6 _342\"></span>s soien<span class=\"__6 _336\"></span>t \u00e9ta<span class=\"__6 _342\"></span>blies con<span class=\"__6 _336\"></span>form<span class=\"__6 _336\"></span>\u00e9men<span class=\"__6 _342\"></span>t \u00e0 IFR<span class=\"__6 _342\"></span>S 13, la va<span class=\"__6 _336\"></span>leur r<span class=\"__6 _342\"></span>\u00e9alis\u00e9e lor<span class=\"__6 _342\"></span>s de la cession pe<span class=\"__6 _336\"></span>ut diff\u00e9r<span class=\"__6 _342\"></span>er de la valeu<span class=\"__6 _336\"></span>r comp<span class=\"__6 _342\"></span>tabilis\u00e9e<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span>R<span class=\"__6 _336\"></span>eten<span class=\"__6 _342\"></span>ons que les IP<span class=\"__6 _342\"></span>EV V<span class=\"__6 _342\"></span>alu<span class=\"__6 _336\"></span>ati<span class=\"__6 _336\"></span>on Guideline<span class=\"__6 _336\"></span>s ne con<span class=\"__6 _342\"></span>sid\u00e8ren<span class=\"__6 _342\"></span>t plus le prix de la tr<span class=\"__6 _342\"></span>ansac<span class=\"__6 _336\"></span>tion r\u00e9c<span class=\"__6 _342\"></span>ente comm<span class=\"__6 _342\"></span>e une techniq<span class=\"__6 _342\"></span>ue <span class=\"__6 _343\"></span>de va<span class=\"__6 _336\"></span>lorisa<span class=\"__6 _336\"></span>tion par d\u00e9<span class=\"__6 _342\"></span>faut mais pl<span class=\"__6 _336\"></span>ut\u00f4<span class=\"__6 _342\"></span>t comme un poin<span class=\"__6 _336\"></span>t de d\u00e9part de l\u2019<span class=\"__6 _335\"></span>estim<span class=\"__6 _342\"></span>ation de la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _342\"></span>aleur<span class=\"__6 _342\"></span>. P<span class=\"__6 _342\"></span>ar con<span class=\"__6 _342\"></span>s\u00e9quen<span class=\"__6 _336\"></span>t, le prix de la tr<span class=\"__6 _336\"></span>an<span class=\"__6 _342\"></span>saction r\u00e9<span class=\"__6 _336\"></span>cen<span class=\"__6 _342\"></span>te n\u2019<span class=\"__6 _335\"></span>est<span class=\"__6 _342\"></span> utilis\u00e9 comm<span class=\"__6 _342\"></span>e technique de v<span class=\"__6 _342\"></span>alorisati<span class=\"__6 _336\"></span>on que lorsq<span class=\"__6 _336\"></span>ue la tra<span class=\"__6 _342\"></span>nsacti<span class=\"__6 _336\"></span>on r\u00e9c<span class=\"__6 _342\"></span>ente e<span class=\"__6 _336\"></span>st suffisamm<span class=\"__6 _342\"></span>ent proc<span class=\"__6 _342\"></span>he de la dat<span class=\"__6 _342\"></span>e de cl\u00f4tur<span class=\"__6 _342\"></span>e (et r\u00e9pon<span class=\"__6 _342\"></span>d aux crit\u00e8r<span class=\"__6 _342\"></span>es de mar<span class=\"__6 _342\"></span>ch\u00e9 et d\u2019in<span class=\"__6 _342\"></span>ter<span class=\"__6 _343\"></span>vena<span class=\"__6 _336\"></span>nt de m<span class=\"__6 _342\"></span>arch<span class=\"__6 _342\"></span>\u00e9). Il convien<span class=\"__6 _342\"></span>t \u00e9galemen<span class=\"__6 _342\"></span>t de noter que le c<span class=\"__6 _342\"></span>onte<span class=\"__6 _342\"></span>xte de la tra<span class=\"__6 _342\"></span>nsaction e<span class=\"__6 _342\"></span>st analy<span class=\"__6 _342\"></span>s\u00e9 et pourr<span class=\"__6 _342\"></span>ait donc int<span class=\"__6 _342\"></span>\u00e9grer non se<span class=\"__6 _342\"></span>ulement les c<span class=\"__6 _342\"></span>omposan<span class=\"__6 _342\"></span>tes primair<span class=\"__6 _342\"></span>es d\u2019une tr<span class=\"__6 _342\"></span>ansacti<span class=\"__6 _342\"></span>on mais aus<span class=\"__6 _336\"></span>si les com<span class=\"__6 _342\"></span>po<span class=\"__6 _343\"></span><span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span>san<span class=\"__6 _342\"></span>tes sec<span class=\"__6 _336\"></span>ondair<span class=\"__6 _342\"></span>es de la m\u00eame tr<span class=\"__6 _342\"></span>ansac<span class=\"__6 _342\"></span>tion (par ex<span class=\"__6 _342\"></span>emple, en r<span class=\"__6 _342\"></span>etena<span class=\"__6 _336\"></span>nt un prix pon<span class=\"__6 _342\"></span>d\u00e9r\u00e9 au lie<span class=\"__6 _336\"></span>u de re<span class=\"__6 _342\"></span>tenir seulemen<span class=\"__6 _342\"></span>t le prix du tour de fin<span class=\"__6 _342\"></span>ancemen<span class=\"__6 _342\"></span>t primaire).<span class=\"__6 _341\"> </span>L<span class=\"__6 _342\"></span>e principe d\u2019<span class=\"__6 _335\"></span>\u00e9talonn<span class=\"__6 _336\"></span>age (ou \u00ab ca<span class=\"__6 _342\"></span>librati<span class=\"__6 _342\"></span>on \u00bb), qui consis<span class=\"__6 _342\"></span>te \u00e0 tes<span class=\"__6 _336\"></span>ter ou \u00e9<span class=\"__6 _342\"></span>talonner les t<span class=\"__6 _342\"></span>echniques<span class=\"__6 _342\"></span> d\u2019<span class=\"__6 _335\"></span>\u00e9va<span class=\"__6 _342\"></span>luati<span class=\"__6 _336\"></span>on dev<span class=\"__6 _336\"></span>an<span class=\"__6 _342\"></span>t \u00eatre utili<span class=\"__6 _336\"></span>s\u00e9es lor<span class=\"__6 _342\"></span>s des dat<span class=\"__6 _342\"></span>es d\u2019<span class=\"__6 _335\"></span>\u00e9va<span class=\"__6 _336\"></span>lua<span class=\"__6 _342\"></span>tion subs\u00e9quen<span class=\"__6 _342\"></span>tes, en u<span class=\"__6 _336\"></span>tilisan<span class=\"__6 _342\"></span>t des par<span class=\"__6 _342\"></span>am\u00e8tr<span class=\"__6 _342\"></span>es d\u2019<span class=\"__6 _335\"></span>\u00e9val<span class=\"__6 _342\"></span>uation d\u00e9riv<span class=\"__6 _342\"></span>\u00e9s de la tra<span class=\"__6 _336\"></span>nsac<span class=\"__6 _342\"></span>tion initiale ou la plu<span class=\"__6 _342\"></span>s r\u00e9cen<span class=\"__6 _342\"></span>te, es<span class=\"__6 _342\"></span>t appliqu\u00e9 le cas \u00e9c<span class=\"__6 _342\"></span>h\u00e9ant su<span class=\"__6 _336\"></span>r tout<span class=\"__6 _342\"></span>es nos v<span class=\"__6 _342\"></span>alorisati<span class=\"__6 _336\"></span>ons de titr<span class=\"__6 _342\"></span>es non co<span class=\"__6 _342\"></span>t\u00e9s (Sofina Dir<span class=\"__6 _342\"></span>ect, c\u2019<span class=\"__6 _335\"></span>est-\u00e0-dir<span class=\"__6 _336\"></span>e Inve<span class=\"__6 _336\"></span>stiss<span class=\"__6 _336\"></span>emen<span class=\"__6 _342\"></span>ts minoritaire<span class=\"__6 _342\"></span>s \u00e0 long terme et So<span class=\"__6 _342\"></span>fina Cr<span class=\"__6 _342\"></span>oissan<span class=\"__6 _342\"></span>ce), pour auta<span class=\"__6 _342\"></span>nt que le prix de la tr<span class=\"__6 _336\"></span>an<span class=\"__6 _342\"></span>saction initiale o<span class=\"__6 _342\"></span>u la plus r<span class=\"__6 _342\"></span>\u00e9cent<span class=\"__6 _336\"></span>e soit r<span class=\"__6 _342\"></span>epr\u00e9sen<span class=\"__6 _342\"></span>tatif de l<span class=\"__6 _336\"></span>a ju<span class=\"__6 _342\"></span>ste va<span class=\"__6 _342\"></span>leur au momen<span class=\"__6 _342\"></span>t de la tra<span class=\"__6 _342\"></span>nsaction e<span class=\"__6 _342\"></span>t qu\u2019il puisse fair<span class=\"__6 _342\"></span>e l\u2019<span class=\"__6 _335\"></span>objet d\u2019une ca<span class=\"__6 _336\"></span>libra<span class=\"__6 _342\"></span>tion. La calibr<span class=\"__6 _342\"></span>ation donne la po<span class=\"__6 _342\"></span>ssibilit\u00e9 de d\u00e9river du prix d\u2019<span class=\"__6 _335\"></span>en<span class=\"__6 _342\"></span>tr\u00e9e la d\u00e9co<span class=\"__6 _342\"></span>te ou la sur<span class=\"__6 _342\"></span>cote p<span class=\"__6 _336\"></span>ar r<span class=\"__6 _342\"></span>appor<span class=\"__6 _343\"></span>t au gr<span class=\"__6 _336\"></span>oupe de soci\u00e9<span class=\"__6 _342\"></span>t\u00e9s comp<span class=\"__6 _336\"></span>ar<span class=\"__6 _342\"></span>ables en compa<span class=\"__6 _342\"></span>ran<span class=\"__6 _342\"></span>t le taux de r<span class=\"__6 _336\"></span>endemen<span class=\"__6 _342\"></span>t atten<span class=\"__6 _342\"></span>du par Sofina a<span class=\"__6 _342\"></span>vec le co<span class=\"__6 _342\"></span>\u00fbt du capita<span class=\"__6 _342\"></span>l th\u00e9orique pour un inve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>t donn\u00e9 dan<span class=\"__6 _342\"></span>s le cadre de la mi<span class=\"__6 _342\"></span>se en \u0153uvre de la m<span class=\"__6 _342\"></span>\u00e9thode d\u2019<span class=\"__6 _342\"></span>actu<span class=\"__6 _342\"></span>alisati<span class=\"__6 _336\"></span>on des flux de tr<span class=\"__6 _342\"></span>\u00e9sorerie<span class=\"__6 _342\"></span>. La calibr<span class=\"__6 _336\"></span>ati<span class=\"__6 _336\"></span>on donne \u00e9galem<span class=\"__6 _342\"></span>ent la possib<span class=\"__6 _342\"></span>ilit\u00e9 d\u2019<span class=\"__6 _342\"></span>appr\u00e9h<span class=\"__6 _342\"></span>ender direct<span class=\"__6 _342\"></span>ement \u00e0 la da<span class=\"__6 _342\"></span>te de tra<span class=\"__6 _342\"></span>nsaction l<span class=\"__6 _342\"></span>a d\u00e9cote o<span class=\"__6 _336\"></span>u la sur<span class=\"__6 _342\"></span>cote pa<span class=\"__6 _342\"></span>r rapport au gr<span class=\"__6 _342\"></span>oupe de soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s compa<span class=\"__6 _342\"></span>rables<span class=\"__6 _342\"></span> dan<span class=\"__6 _342\"></span>s le cadr<span class=\"__6 _336\"></span>e de la mise en \u0153<span class=\"__6 _342\"></span>uvre de la m\u00e9th<span class=\"__6 _342\"></span>ode des multiples bou<span class=\"__6 _336\"></span>rsier<span class=\"__6 _342\"></span>s. Cett<span class=\"__6 _342\"></span>e technique<span class=\"__6 _336\"></span> expliq<span class=\"__6 _336\"></span>ue la gr<span class=\"__6 _336\"></span>ande f<span class=\"__6 _342\"></span>ourc<span class=\"__6 _336\"></span>hett<span class=\"__6 _342\"></span>e au niveau des d\u00e9<span class=\"__6 _336\"></span>cot<span class=\"__6 _342\"></span>es, des c<span class=\"__6 _342\"></span>o\u00fbts de capita<span class=\"__6 _342\"></span>l ou des fact<span class=\"__6 _342\"></span>eurs d\u2019<span class=\"__6 _342\"></span>act<span class=\"__6 _336\"></span>uali<span class=\"__6 _342\"></span>sation, ceux-ci \u00e9<span class=\"__6 _342\"></span>tant en e<span class=\"__6 _342\"></span>f<span class=\"__6 _343\"></span>fet le r<span class=\"__6 _342\"></span>\u00e9sulta<span class=\"__6 _336\"></span>t de la ca<span class=\"__6 _336\"></span>libra<span class=\"__6 _342\"></span>tion.<span class=\"__6 _341\"> </span>Cela \u00e9<span class=\"__6 _342\"></span>tant, So<span class=\"__6 _342\"></span>fina peut \u00eatr<span class=\"__6 _342\"></span>e amen\u00e9e \u00e0 modifi<span class=\"__6 _342\"></span>er la technique d\u2019<span class=\"__6 _335\"></span>\u00e9<span class=\"__6 _342\"></span>valua<span class=\"__6 _342\"></span>tion d\u2019un ex<span class=\"__6 _342\"></span>ercic<span class=\"__6 _336\"></span>e \u00e0 l\u2019<span class=\"__6 _342\"></span>autr<span class=\"__6 _342\"></span>e lorsque le<span class=\"__6 _342\"></span>s circon<span class=\"__6 _342\"></span>stance<span class=\"__6 _342\"></span>s l\u2019<span class=\"__6 _342\"></span>e<span class=\"__6 _336\"></span>xigent (n<span class=\"__6 _342\"></span>otammen<span class=\"__6 _342\"></span>t la disponibilit<span class=\"__6 _342\"></span>\u00e9 <span class=\"__6 _343\"></span>de nouv<span class=\"__6 _342\"></span>elles inf<span class=\"__6 _342\"></span>ormation<span class=\"__6 _342\"></span>s ou la survenan<span class=\"__6 _342\"></span>ce de tran<span class=\"__6 _342\"></span>saction<span class=\"__6 _342\"></span>s r\u00e9cen<span class=\"__6 _342\"></span>tes), da<span class=\"__6 _336\"></span>ns l\u2019<span class=\"__6 _335\"></span>objec<span class=\"__6 _342\"></span>tif de maximiser l\u2019utilisa<span class=\"__6 _342\"></span>tion de donn\u00e9es observable<span class=\"__6 _342\"></span>s et de minimiser celle de donn\u00e9e<span class=\"__6 _342\"></span>s non observables<span class=\"__6 _336\"></span>. L<span class=\"__6 _342\"></span>es ex<span class=\"__6 _342\"></span>ercice<span class=\"__6 _336\"></span>s de va<span class=\"__6 _336\"></span>lorisa<span class=\"__6 _336\"></span>tion peuven<span class=\"__6 _342\"></span>t int<span class=\"__6 _342\"></span>\u00e9grer des pr<span class=\"__6 _342\"></span>ojection<span class=\"__6 _342\"></span>s de chif<span class=\"__6 _343\"></span>fre d\u2019<span class=\"__6 _335\"></span>affaire<span class=\"__6 _342\"></span>s, d\u2019EB<span class=\"__6 _342\"></span>ITDA ou d\u2019<span class=\"__6 _335\"></span>autre<span class=\"__6 _336\"></span>s indica<span class=\"__6 _342\"></span>teur<span class=\"__6 _342\"></span>s finan<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span>ciers<span class=\"__6 _342\"></span>, des multiples de m<span class=\"__6 _336\"></span>ar<span class=\"__6 _342\"></span>ch\u00e9s public<span class=\"__6 _342\"></span>s, des va<span class=\"__6 _342\"></span>lorisation<span class=\"__6 _342\"></span>s de soci\u00e9t\u00e9<span class=\"__6 _342\"></span>s compar<span class=\"__6 _342\"></span>ables ou d\u2019<span class=\"__6 _335\"></span>autre<span class=\"__6 _342\"></span>s mesur<span class=\"__6 _342\"></span>es, so<span class=\"__6 _336\"></span>uven<span class=\"__6 _342\"></span>t fond\u00e9es su<span class=\"__6 _336\"></span>r des in<span class=\"__6 _342\"></span>forma<span class=\"__6 _336\"></span>tion<span class=\"__6 _336\"></span>s non audit<span class=\"__6 _336\"></span>\u00e9es disponible<span class=\"__6 _342\"></span>s \u00e0 la date d\u2019<span class=\"__6 _335\"></span>\u00e9<span class=\"__6 _342\"></span>valua<span class=\"__6 _342\"></span>tion.<span class=\"__6 _341\"> </span>\u00c0 cet \u00e9ga<span class=\"__6 _342\"></span>rd, le tablea<span class=\"__6 _342\"></span>u ci-apr\u00e8s donn<span class=\"__6 _336\"></span>e des in<span class=\"__6 _342\"></span>forma<span class=\"__6 _342\"></span>tions sur les m<span class=\"__6 _342\"></span>\u00e9thodes appliq<span class=\"__6 _336\"></span>u\u00e9es con<span class=\"__6 _342\"></span>for<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span>m\u00e9men<span class=\"__6 _342\"></span>t \u00e0 la norme IF<span class=\"__6 _342\"></span>RS 13 \u2013 \u00c9<span class=\"__6 _342\"></span>valu<span class=\"__6 _342\"></span>ation de la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _342\"></span>aleur \u2013 pour d\u00e9<span class=\"__6 _342\"></span>terminer la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _342\"></span>aleur des ac<span class=\"__6 _336\"></span>tifs non co<span class=\"__6 _342\"></span>t\u00e9s de nivea<span class=\"__6 _342\"></span>u 3.<span class=\"__6 _341\"> </span>Il convien<span class=\"__6 _342\"></span>t \u00e9galemen<span class=\"__6 _342\"></span>t de noter que So<span class=\"__6 _342\"></span>fina utilise la m\u00e9<span class=\"__6 _336\"></span>thode d\u2019<span class=\"__6 _335\"></span>\u00e9v<span class=\"__6 _336\"></span>alu<span class=\"__6 _342\"></span>ation des op<span class=\"__6 _342\"></span>tions pour<span class=\"__6 _336\"></span> attrib<span class=\"__6 _336\"></span>uer la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _336\"></span>aleu<span class=\"__6 _336\"></span>r estim<span class=\"__6 _336\"></span>\u00e9e des ac<span class=\"__6 _342\"></span>tions aux diff\u00e9r<span class=\"__6 _342\"></span>ent<span class=\"__6 _336\"></span>es ca<span class=\"__6 _342\"></span>t\u00e9gories d\u2019<span class=\"__6 _335\"></span>action<span class=\"__6 _336\"></span>s en fon<span class=\"__6 _336\"></span>ction de leur<span class=\"__6 _342\"></span>s <span class=\"__6 _343\"></span>car<span class=\"__6 _342\"></span>act\u00e9ris<span class=\"__6 _342\"></span>tiques et dr<span class=\"__6 _342\"></span>oits pr\u00e9<span class=\"__6 _342\"></span>f\u00e9ren<span class=\"__6 _342\"></span>tiels (le ca<span class=\"__6 _336\"></span>s \u00e9ch\u00e9a<span class=\"__6 _342\"></span>nt). Ce<span class=\"__6 _336\"></span>tte appr<span class=\"__6 _342\"></span>oche d\u2019<span class=\"__6 _342\"></span>attrib<span class=\"__6 _342\"></span>ution peut r<span class=\"__6 _342\"></span>\u00e9duire de ma<span class=\"__6 _342\"></span>ni\u00e8re signific<span class=\"__6 _342\"></span>ative la v<span class=\"__6 _342\"></span>alorisati<span class=\"__6 _342\"></span>on des tour<span class=\"__6 _342\"></span>s de financemen<span class=\"__6 _342\"></span>t an<span class=\"__6 _342\"></span>t\u00e9rieur<span class=\"__6 _342\"></span>s qui comporten<span class=\"__6 _342\"></span>t des dr<span class=\"__6 _342\"></span>oits moindr<span class=\"__6 _342\"></span>es par r<span class=\"__6 _342\"></span>apport au dernier tou<span class=\"__6 _336\"></span>r de finan<span class=\"__6 _342\"></span>cement.<span class=\"__6 _341\"> </span>L<span class=\"__6 _342\"></span>es crise<span class=\"__6 _342\"></span>s r\u00e9cen<span class=\"__6 _342\"></span>tes augm<span class=\"__6 _342\"></span>enten<span class=\"__6 _342\"></span>t l\u2019incertitude qua<span class=\"__6 _336\"></span>nt a<span class=\"__6 _342\"></span>ux per<span class=\"__6 _343\"></span>forma<span class=\"__6 _342\"></span>nces fut<span class=\"__6 _336\"></span>ure<span class=\"__6 _342\"></span>s des inves<span class=\"__6 _342\"></span>tisse<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span>men<span class=\"__6 _342\"></span>ts d\u00e9tenu<span class=\"__6 _342\"></span>s par Sofina. C<span class=\"__6 _342\"></span>es incertitudes qu<span class=\"__6 _342\"></span>ant \u00e0 la perf<span class=\"__6 _342\"></span>ormance de ce<span class=\"__6 _342\"></span>s investi<span class=\"__6 _336\"></span>ssemen<span class=\"__6 _342\"></span>ts entr<span class=\"__6 _342\"></span>a\u00eenent u<span class=\"__6 _336\"></span>n degr\u00e9 pl<span class=\"__6 _336\"></span>us \u00e9le<span class=\"__6 _336\"></span>v\u00e9 de subjec<span class=\"__6 _342\"></span>tivit\u00e9 dan<span class=\"__6 _342\"></span>s la d\u00e9termina<span class=\"__6 _342\"></span>tion des j<span class=\"__6 _342\"></span>uste<span class=\"__6 _336\"></span>s vale<span class=\"__6 _342\"></span>urs de nivea<span class=\"__6 _336\"></span>u 3 dan<span class=\"__6 _342\"></span>s la hi\u00e9ra<span class=\"__6 _342\"></span>rchie I<span class=\"__6 _336\"></span>FR<span class=\"__6 _342\"></span>S 13. C<span class=\"__6 _342\"></span>ela a incit\u00e9 Sofin<span class=\"__6 _342\"></span>a \u00e0 int\u00e9gr<span class=\"__6 _342\"></span>er dans s<span class=\"__6 _336\"></span>on proc<span class=\"__6 _342\"></span>essus d\u2019<span class=\"__6 _335\"></span>\u00e9v<span class=\"__6 _342\"></span>a<span class=\"__6 _343\"></span><span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span>lua<span class=\"__6 _342\"></span>tion un degr\u00e9 \u00e9le<span class=\"__6 _342\"></span>v\u00e9 de vigilanc<span class=\"__6 _342\"></span>e. L<span class=\"__6 _342\"></span>es \u00e9l\u00e9ment<span class=\"__6 _342\"></span>s suivan<span class=\"__6 _336\"></span>ts m\u00e9rit<span class=\"__6 _342\"></span>ent particuli<span class=\"__6 _336\"></span>\u00e8rem<span class=\"__6 _342\"></span>ent d\u2019<span class=\"__6 _335\"></span>\u00eatre<span class=\"__6 _342\"></span> men<span class=\"__6 _342\"></span>tionn\u00e9s: \u2022 <span class=\"__6 _342\"></span> <span class=\"__6 _f6\"></span>Vigilan<span class=\"__6 _342\"></span>ce particuli\u00e8r<span class=\"__6 _342\"></span>e \u00e0 la coh\u00e9ren<span class=\"__6 _342\"></span>ce entr<span class=\"__6 _342\"></span>e les estima<span class=\"__6 _342\"></span>tions de<span class=\"__6 _336\"></span>s soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s du portef<span class=\"__6 _342\"></span>euille et l\u2019utilisa<span class=\"__6 _342\"></span>tion de <span class=\"__6 _343\"></span>ces es<span class=\"__6 _336\"></span>tima<span class=\"__6 _336\"></span>tion<span class=\"__6 _342\"></span>s <span class=\"__6 _343\"></span>par ra<span class=\"__6 _336\"></span>pport aux multiples des soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s compar<span class=\"__6 _342\"></span>ables ;<span class=\"__6 _341\"> </span>\u2022 <span class=\"__6 _336\"></span> <span class=\"__6 _f7\"></span>Vigilan<span class=\"__6 _342\"></span>ce particuli\u00e8r<span class=\"__6 _342\"></span>e quan<span class=\"__6 _342\"></span>t \u00e0 la valid<span class=\"__6 _342\"></span>ation de la derni\u00e8r<span class=\"__6 _342\"></span>e tran<span class=\"__6 _342\"></span>saction r<span class=\"__6 _342\"></span>\u00e9cent<span class=\"__6 _342\"></span>e en s\u2019<span class=\"__6 _342\"></span>assura<span class=\"__6 _342\"></span>nt que cett<span class=\"__6 _342\"></span>e tran<span class=\"__6 _342\"></span>saction r<span class=\"__6 _342\"></span>\u00e9cent<span class=\"__6 _342\"></span>e tient com<span class=\"__6 _342\"></span>pte du con<span class=\"__6 _342\"></span>text<span class=\"__6 _342\"></span>e actuel de la c<span class=\"__6 _342\"></span>rise \u00e9conomiq<span class=\"__6 _342\"></span>ue (tout en r<span class=\"__6 _342\"></span>especta<span class=\"__6 _342\"></span>nt les a<span class=\"__6 _336\"></span>utre<span class=\"__6 _342\"></span>s crit\u00e8r<span class=\"__6 _342\"></span>es de valid<span class=\"__6 _342\"></span>ation de la derni\u00e8r<span class=\"__6 _342\"></span>e tran<span class=\"__6 _342\"></span>saction r<span class=\"__6 _342\"></span>\u00e9cent<span class=\"__6 _342\"></span>e tels qu\u2019<span class=\"__6 _335\"></span>\u00eatr<span class=\"__6 _336\"></span>e suffisammen<span class=\"__6 _342\"></span>t proch<span class=\"__6 _342\"></span>e de la date de c<span class=\"__6 _342\"></span>l\u00f4tur<span class=\"__6 _342\"></span>e) ainsi que de s\u2019<span class=\"__6 _342\"></span>assur<span class=\"__6 _342\"></span>er que le cont<span class=\"__6 _342\"></span>exte de la tr<span class=\"__6 _336\"></span>an<span class=\"__6 _342\"></span>saction r\u00e9<span class=\"__6 _336\"></span>cen<span class=\"__6 _342\"></span>te est corr<span class=\"__6 _342\"></span>ectemen<span class=\"__6 _342\"></span>t appr\u00e9h<span class=\"__6 _342\"></span>end\u00e9 en consid\u00e9r<span class=\"__6 _342\"></span>an<span class=\"__6 _336\"></span>t les com<span class=\"__6 _342\"></span>posant<span class=\"__6 _342\"></span>es primair<span class=\"__6 _342\"></span>es et secondair<span class=\"__6 _342\"></span>es (le cas \u00e9ch\u00e9an<span class=\"__6 _342\"></span>t) ;<span class=\"__6 _341\"> </span>\u2022 <span class=\"__6 _335\"></span> <span class=\"__6 _f6\"></span>Vigila<span class=\"__6 _342\"></span>nce particuli<span class=\"__6 _336\"></span>\u00e8re c<span class=\"__6 _342\"></span>oncernan<span class=\"__6 _342\"></span>t la situa<span class=\"__6 _342\"></span>tion financi<span class=\"__6 _342\"></span>\u00e8re des soci<span class=\"__6 _336\"></span>\u00e9t\u00e9<span class=\"__6 _342\"></span>s du portefe<span class=\"__6 _342\"></span>uille (par ex<span class=\"__6 _342\"></span>emple, les e<span class=\"__6 _342\"></span>stimati<span class=\"__6 _336\"></span>ons de c<span class=\"__6 _336\"></span>onsomm<span class=\"__6 _342\"></span>ation de tr<span class=\"__6 _342\"></span>\u00e9sorerie).<span class=\"__6 _341\"> </span>1<span class=\"__6 gsc4\"> </span><span class=\"__6 _346\"> </span><span class=\"__6 gsc5\"> </span><span class=\"__6 _340\"></span><span class=\"__6 gsc4\"> </span><span class=\"__6 _338\"></span>Couvert<span class=\"__6 gsc4\"> </span>:<span class=\"__6 gsc4\"> </span>couv<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>t<span class=\"__6 gsc4\"> </span>par<span class=\"__6 gsc4\"> </span>l\u2019<span class=\"__6 _342\"></span>assis<span class=\"__6 _336\"></span>tance<span class=\"__6 gsc4\"> </span>de<span class=\"__6 gsc4\"> </span>Kr<span class=\"__6 _342\"></span>oll<span class=\"__6 gsc4\"> </span>;<span class=\"__6 gsc4\"> </span>Non<span class=\"__6 gsc4\"> </span>couvert<span class=\"__6 gsc4\"> </span>:<span class=\"__6 gsc4\"> </span>non<span class=\"__6 gsc4\"> </span>couv<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>t<span class=\"__6 gsc4\"> </span>par<span class=\"__6 gsc4\"> </span>l\u2019<span class=\"__6 _342\"></span>assis<span class=\"__6 _342\"></span>tance<span class=\"__6 gsc4\"> </span>de<span class=\"__6 gsc4\"> </span>Kroll<span class=\"__6 gsc4\"> </span>;<span class=\"__6 gsc4\"> </span>Non<span class=\"__6 gsc4\"> </span>a<span class=\"__6 _336\"></span>pplicable<span class=\"__6 gsc4\"> </span>:<span class=\"__6 gsc4\"> </span>a<span class=\"__6 _336\"></span>ucune<span class=\"__6 gsc4\"> </span>va<span class=\"__6 _342\"></span>leur<span class=\"__6 gsc4\"> </span>pr\u00e9sen<span class=\"__6 _342\"></span>te<span class=\"__6 gsc4\"> </span>\u00e0<span class=\"__6 gsc4\"> </span>ce<span class=\"__6 gsc4\"> </span>niveau<span class=\"__6 gsc4\"> </span>d<span class=\"__6 _336\"></span>ans<span class=\"__6 gsc4\"> </span>le<span class=\"__6 gsc4\"> </span>p<span class=\"__6 _336\"></span>ilier<span class=\"__6 gsc4\"> </span>concern\u00e9<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span>Il est \u00e0 n<span class=\"__6 _342\"></span>oter que Sofin<span class=\"__6 _342\"></span>a a fait appel \u00e0 Kroll, un<span class=\"__6 _336\"></span>e soci\u00e9t<span class=\"__6 _342\"></span>\u00e9 d\u2019<span class=\"__6 _335\"></span>\u00e9val<span class=\"__6 _336\"></span>ua<span class=\"__6 _342\"></span>tion ind\u00e9penda<span class=\"__6 _336\"></span>nt<span class=\"__6 _342\"></span>e, pour une<span class=\"__6 _342\"></span> assi<span class=\"__6 _342\"></span>stance d<span class=\"__6 _342\"></span>ans l\u2019<span class=\"__6 _335\"></span>\u00e9v<span class=\"__6 _336\"></span>alu<span class=\"__6 _342\"></span>ation des p<span class=\"__6 _336\"></span>articipa<span class=\"__6 _342\"></span>tions non co<span class=\"__6 _342\"></span>t\u00e9es d<span class=\"__6 _336\"></span>u portef<span class=\"__6 _336\"></span>euille Sofin<span class=\"__6 _336\"></span>a Direc<span class=\"__6 _342\"></span>t. L\u2019<span class=\"__6 _335\"></span>as<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span>sista<span class=\"__6 _342\"></span>nce fo<span class=\"__6 _342\"></span>urnie par Kr<span class=\"__6 _336\"></span>oll ne conc<span class=\"__6 _342\"></span>erne donc pas Sofin<span class=\"__6 _342\"></span>a Fond<span class=\"__6 _342\"></span>s Priv\u00e9<span class=\"__6 _336\"></span>s. L<span class=\"__6 _342\"></span>\u2019<span class=\"__6 _335\"></span>ensemble de ce<span class=\"__6 _342\"></span>s par<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span>ticipa<span class=\"__6 _342\"></span>tions non co<span class=\"__6 _342\"></span>t\u00e9es (le<span class=\"__6 _336\"></span>s \u00ab P<span class=\"__6 _342\"></span>articipa<span class=\"__6 _342\"></span>tions \u00bb), couv<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>tes pa<span class=\"__6 _342\"></span>r l\u2019<span class=\"__6 _342\"></span>assista<span class=\"__6 _342\"></span>nce de Kroll, r<span class=\"__6 _342\"></span>epr\u00e9s<span class=\"__6 _342\"></span>enten<span class=\"__6 _342\"></span>t 50% de la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _342\"></span>aleur du t<span class=\"__6 _336\"></span>ota<span class=\"__6 _342\"></span>l du portefe<span class=\"__6 _342\"></span>uille en tran<span class=\"__6 _336\"></span>spar<span class=\"__6 _342\"></span>ence, t<span class=\"__6 _342\"></span>el qu\u2019illustr<span class=\"__6 _342\"></span>\u00e9 ci-dessou<span class=\"__6 _336\"></span>s 1<span class=\"__6 _341\"> </span>. <table class=\"s_1 w1f2 h2e_2\" id=\"_e195b119-0317-4aac-8afb-4a8de14d6c75\"><tr><td class=\"t_6 m0_6 xde_4 hc_6 y455_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">HI\u00c9RARCHIE DES </td><td class=\"t_6 m0_6 x2fb hc_6 y456_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">INVES<span class=\"__6 _336\"></span>TISSEMENTS </td><td class=\"t_6 m0_6 x2fc hc_6 y455_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">SOFIN<span class=\"__6 _336\"></span>A </td><td class=\"t_6 m0_6 x2fd hc_6 y455_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">SOFIN<span class=\"__6 _336\"></span>A FONDS </td><td class=\"t_6 m0_6 x2fe hc_6 y456_1 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">% DE CO<span class=\"__6 _336\"></span>UVE<span class=\"__6 _336\"></span>RTURE </td></tr><tr><td class=\"t_6 m0_6 xde_4 hc_6 y457_1 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">JUS<span class=\"__6 _342\"></span>TES V<span class=\"__6 _342\"></span>AL<span class=\"__6 _342\"></span>EURS<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x2fb hc_6 y458_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">MINORIT<span class=\"__6 _335\"></span>AIRES \u00c0 </td><td class=\"t_6 m0_6 x2fc hc_6 y457_1 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">CROISSANCE<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x2fd hc_6 y457_1 ff4_6 fs6_6 fc2_6 sc0_6 ls19_6 ws2c_6\">PR<span class=\"__6 _343\"></span>I<span class=\"__6 _343\"></span>V\u00c9S<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x2ff hc_6 y458_1 ff4_6 fs6_6 fc2_6 sc0_6 ls3d_4 ws7a_1\">KRO<span class=\"__6 _343\"></span>LL S<span class=\"__6 _343\"></span>UR<span class=\"__6 _343\"></span> LE<span class=\"__6 _343\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x2fb hc_6 y459_1 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">L<span class=\"__6 _342\"></span>ONG T<span class=\"__6 _343\"></span>ERME<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 x300 hc_6 y459_1 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">T<span class=\"__6 _342\"></span>OT<span class=\"__6 _335\"></span>AL DU NIV<span class=\"__6 _342\"></span>EAU<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"c_1 n_1 xe7_4 y45a_1 w1f3 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Niveau 1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x301 y45a_1 w1f4 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Non couvert<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x302 y45a_1 w1f5 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Non co<span class=\"__6 _336\"></span>uvert<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x303 y45a_1 w1f6 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Non applic<span class=\"__6 _336\"></span>able<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x304 y45a_1 w1f7 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y45b_1 w1f8 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Niveau 2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x305 y45b_1 w1f9 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Co<span class=\"__6 _342\"></span>uvert<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x306 y45b_1 w1fa h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Couvert<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x307 y45b_1 w1fb h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Non applicable<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x308 y45b_1 w1fc h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">100%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y45c_1 w1fd h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Niveau 3<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x309 y45c_1 w1fe h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">C<span class=\"__6 _336\"></span>ouvert<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x30a y45c_1 w1ff h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Couvert<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x30b y45c_1 w1f4 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Non couvert<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x30c y45c_1 w200 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">52%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w201 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l du portefe<span class=\"__6 _342\"></span>uille en transp<span class=\"__6 _336\"></span>aren<span class=\"__6 _342\"></span>ce<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td class=\"c_1 n_1 x30d y398_2 w202 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">50%<span class=\"__6 _341\"> </span></div></td></tr></table>Ce<span class=\"__6 _336\"></span>tte a<span class=\"__6 _336\"></span>ssist<span class=\"__6 _342\"></span>ance a port\u00e9 sur diff\u00e9r<span class=\"__6 _342\"></span>ent<span class=\"__6 _342\"></span>es proc\u00e9d<span class=\"__6 _342\"></span>ures limit<span class=\"__6 _342\"></span>\u00e9es que Sofina a i<span class=\"__6 _336\"></span>dentifi<span class=\"__6 _342\"></span>\u00e9es et qu\u2019<span class=\"__6 _335\"></span>elle a deman<span class=\"__6 _336\"></span>d\u00e9 \u00e0 Kroll d\u2019<span class=\"__6 _335\"></span>eff<span class=\"__6 _336\"></span>ectuer<span class=\"__6 _335\"></span>. Dan<span class=\"__6 _342\"></span>s le cadre e<span class=\"__6 _342\"></span>t \u00e0 l\u2019issue de ces pr<span class=\"__6 _342\"></span>oc\u00e9dur<span class=\"__6 _336\"></span>es limit\u00e9<span class=\"__6 _336\"></span>es 2<span class=\"__6 _341\"> </span>, Kroll a c<span class=\"__6 _342\"></span>onclu que la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _342\"></span>aleur des \u00ab P<span class=\"__6 _335\"></span>articipation<span class=\"__6 _342\"></span>s \u00bb, telle que d\u00e9t<span class=\"__6 _342\"></span>ermin\u00e9e par Sofin<span class=\"__6 _342\"></span>a, \u00e9tait rai<span class=\"__6 _342\"></span>sonnable.<span class=\"__6 _341\"> </span>L<span class=\"__6 _342\"></span>es inves<span class=\"__6 _342\"></span>tissemen<span class=\"__6 _342\"></span>ts de Sofina F<span class=\"__6 _342\"></span>onds Priv<span class=\"__6 _342\"></span>\u00e9s dan<span class=\"__6 _342\"></span>s des fond<span class=\"__6 _336\"></span>s de capit<span class=\"__6 _336\"></span>al-risq<span class=\"__6 _336\"></span>ue et de cap<span class=\"__6 _342\"></span>ital-d\u00e9<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span>veloppemen<span class=\"__6 _342\"></span>t sont \u00e9<span class=\"__6 _342\"></span>valu\u00e9<span class=\"__6 _342\"></span>s sur la base de<span class=\"__6 _336\"></span>s derniers r<span class=\"__6 _342\"></span>apports obten<span class=\"__6 _342\"></span>us des Gesti<span class=\"__6 _342\"></span>onnaires de<span class=\"__6 _342\"></span> ces f<span class=\"__6 _342\"></span>onds d\u2019inve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>t ju<span class=\"__6 _336\"></span>squ\u2019<span class=\"__6 _342\"></span>\u00e0 mi-ma<span class=\"__6 _342\"></span>rs et leur v<span class=\"__6 _342\"></span>alorisa<span class=\"__6 _336\"></span>tion ser<span class=\"__6 _342\"></span>a par con<span class=\"__6 _342\"></span>s\u00e9quent ba<span class=\"__6 _342\"></span>s\u00e9e soit sur la ba<span class=\"__6 _342\"></span>se d\u2019un rapport au 3<span class=\"__6 _342\"></span>1 d\u00e9cembre 2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>5 soit sur la ba<span class=\"__6 _336\"></span>se d\u2019un r<span class=\"__6 _342\"></span>appor<span class=\"__6 _343\"></span>t au 30 sep<span class=\"__6 _342\"></span>tembre<span class=\"__6 _342\"></span> 2<span class=\"__6 _342\"></span>025<span class=\"__6 _336\"></span>. L<span class=\"__6 _342\"></span>es vale<span class=\"__6 _342\"></span>urs des r<span class=\"__6 _342\"></span>appor<span class=\"__6 _343\"></span>ts au 30 sep<span class=\"__6 _342\"></span>tembr<span class=\"__6 _342\"></span>e 20<span class=\"__6 _342\"></span>25 sont aj<span class=\"__6 _342\"></span>ust<span class=\"__6 _342\"></span>\u00e9es pour tenir com<span class=\"__6 _342\"></span>pte (i) des lib\u00e9r<span class=\"__6 _342\"></span>ation<span class=\"__6 _336\"></span>s de capit<span class=\"__6 _336\"></span>al et de<span class=\"__6 _342\"></span>s distribution<span class=\"__6 _342\"></span>s sur<span class=\"__6 _343\"></span>venues de<span class=\"__6 _336\"></span>puis la d<span class=\"__6 _342\"></span>ate d\u2019<span class=\"__6 _335\"></span>\u00e9missio<span class=\"__6 _336\"></span>n du dernier ra<span class=\"__6 _336\"></span>pport, (ii) des \u00e9vol<span class=\"__6 _342\"></span>utions des c<span class=\"__6 _342\"></span>ours de bour<span class=\"__6 _342\"></span>se des soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s cot<span class=\"__6 _336\"></span>\u00e9es d\u00e9t<span class=\"__6 _342\"></span>enues pa<span class=\"__6 _336\"></span>r ces f<span class=\"__6 _342\"></span>onds, et (iii) des \u00e9<span class=\"__6 _342\"></span>v\u00e9nemen<span class=\"__6 _342\"></span>ts significatifs qui se s<span class=\"__6 _336\"></span>ont pr<span class=\"__6 _342\"></span>oduits depuis c<span class=\"__6 _342\"></span>ette derni\u00e8r<span class=\"__6 _336\"></span>e dat<span class=\"__6 _342\"></span>e d\u2019<span class=\"__6 _335\"></span>\u00e9valu<span class=\"__6 _342\"></span>ation et la da<span class=\"__6 _342\"></span>te de cl\u00f4<span class=\"__6 _342\"></span>ture du 3<span class=\"__6 _342\"></span>1 d\u00e9cembr<span class=\"__6 _342\"></span>e 20<span class=\"__6 _336\"></span>25<span class=\"__6 _336\"></span>. L<span class=\"__6 _342\"></span>es vale<span class=\"__6 _342\"></span>urs au 31 d\u00e9<span class=\"__6 _336\"></span>cembr<span class=\"__6 _342\"></span>e 20<span class=\"__6 _342\"></span>25 ne son<span class=\"__6 _342\"></span>t quan<span class=\"__6 _342\"></span>t \u00e0 elles pa<span class=\"__6 _342\"></span>s ajus<span class=\"__6 _336\"></span>t\u00e9e<span class=\"__6 _336\"></span>s \u00e9ta<span class=\"__6 _342\"></span>nt donn\u00e9 qu\u2019<span class=\"__6 _335\"></span>elles r<span class=\"__6 _342\"></span>efl\u00e8ten<span class=\"__6 _342\"></span>t la ju<span class=\"__6 _342\"></span>ste va<span class=\"__6 _342\"></span>leur \u00e0 la da<span class=\"__6 _342\"></span>te de cl\u00f4t<span class=\"__6 _342\"></span>ure. L<span class=\"__6 _342\"></span>es v<span class=\"__6 _336\"></span>aleu<span class=\"__6 _336\"></span>rs re<span class=\"__6 _342\"></span>tenues son<span class=\"__6 _342\"></span>t enfin conv<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>ties en eu<span class=\"__6 _342\"></span>ros en utilisa<span class=\"__6 _342\"></span>nt le taux de c<span class=\"__6 _336\"></span>han<span class=\"__6 _342\"></span>ge de cl\u00f4tur<span class=\"__6 _342\"></span>e. L<span class=\"__6 _342\"></span>es fon<span class=\"__6 _336\"></span>ds pour les<span class=\"__6 _342\"></span>quels un contr<span class=\"__6 _342\"></span>at d\u2019<span class=\"__6 _342\"></span>ach<span class=\"__6 _342\"></span>at et de v<span class=\"__6 _336\"></span>ent<span class=\"__6 _342\"></span>e a \u00e9t\u00e9 sign\u00e9 \u00e0 la d<span class=\"__6 _342\"></span>ate du pr<span class=\"__6 _342\"></span>\u00e9sen<span class=\"__6 _342\"></span>t Rapport annuel son<span class=\"__6 _342\"></span>t \u00e9val<span class=\"__6 _336\"></span>u\u00e9s con<span class=\"__6 _342\"></span>form\u00e9men<span class=\"__6 _342\"></span>t aux terme<span class=\"__6 _342\"></span>s de ce contr<span class=\"__6 _342\"></span>at d\u2019<span class=\"__6 _342\"></span>ach<span class=\"__6 _342\"></span>at et de ven<span class=\"__6 _342\"></span>te. A<span class=\"__6 _336\"></span>u 31 d\u00e9c<span class=\"__6 _336\"></span>embr<span class=\"__6 _342\"></span>e 2<span class=\"__6 _342\"></span>025<span class=\"__6 _336\"></span>, plus de 62% de l<span class=\"__6 _342\"></span>a just<span class=\"__6 _342\"></span>e valeur de So<span class=\"__6 _342\"></span>fina Fon<span class=\"__6 _342\"></span>ds Priv<span class=\"__6 _336\"></span>\u00e9s es<span class=\"__6 _342\"></span>t bas\u00e9e soit sur de<span class=\"__6 _342\"></span>s rapports au 3<span class=\"__6 _342\"></span>1 d\u00e9cembre 2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>5, soit sur des v<span class=\"__6 _342\"></span>alorisa<span class=\"__6 _336\"></span>tion<span class=\"__6 _336\"></span>s \u00e9ta<span class=\"__6 _342\"></span>blies sur la ba<span class=\"__6 _336\"></span>se de cour<span class=\"__6 _342\"></span>s de bourse ou<span class=\"__6 _342\"></span> prix de tra<span class=\"__6 _342\"></span>nsaction<span class=\"__6 _342\"></span>s.<span class=\"__6 _341\"> </span>1<span class=\"__6 gsc4\"> </span><span class=\"__6 _346\"> </span><span class=\"__6 gsc4\"> </span><span class=\"__6 _340\"></span><span class=\"__6 gsc4\"> </span>Couvert<span class=\"__6 gsc4\"> </span>:<span class=\"__6 gsc4\"> </span>couv<span class=\"__6 _336\"></span>ert<span class=\"__6 gsc4\"> </span>par<span class=\"__6 gsc4\"> </span>l\u2019<span class=\"__6 _342\"></span>assist<span class=\"__6 _336\"></span>ance<span class=\"__6 gsc4\"> </span>de<span class=\"__6 gsc4\"> </span>Kr<span class=\"__6 _342\"></span>oll<span class=\"__6 gsc4\"> </span>;<span class=\"__6 gsc4\"> </span>Non<span class=\"__6 gsc4\"> </span>couvert<span class=\"__6 gsc4\"> </span>:<span class=\"__6 gsc4\"> </span>non<span class=\"__6 gsc4\"> </span>couv<span class=\"__6 _336\"></span>ert<span class=\"__6 gsc4\"> </span>par<span class=\"__6 gsc4\"> </span>l\u2019<span class=\"__6 _342\"></span>assist<span class=\"__6 _342\"></span>ance<span class=\"__6 gsc4\"> </span>de<span class=\"__6 gsc4\"> </span>Kroll<span class=\"__6 gsc4\"> </span>;<span class=\"__6 gsc4\"> </span>Non<span class=\"__6 gsc4\"> </span>appli<span class=\"__6 _336\"></span>cable<span class=\"__6 gsc4\"> </span>:<span class=\"__6 gsc4\"> </span>aucu<span class=\"__6 _336\"></span>ne<span class=\"__6 gsc4\"> </span>vale<span class=\"__6 _342\"></span>ur<span class=\"__6 gsc4\"> </span>pr\u00e9sen<span class=\"__6 _336\"></span>te<span class=\"__6 gsc4\"> </span>\u00e0<span class=\"__6 gsc4\"> </span>ce<span class=\"__6 gsc4\"> </span>niv<span class=\"__6 _342\"></span>eau<span class=\"__6 gsc4\"> </span>dans<span class=\"__6 gsc4\"> </span>le<span class=\"__6 gsc4\"> </span>pilier<span class=\"__6 gsc4\"> </span>c<span class=\"__6 _342\"></span>oncern\u00e9.<span class=\"__6 _341\"> </span>2 <span class=\"__6 _347\"> </span> L<span class=\"__6 _336\"></span>es proc<span class=\"__6 _342\"></span>\u00e9dures limit<span class=\"__6 _342\"></span>\u00e9es ne correspon<span class=\"__6 _336\"></span>dent pa<span class=\"__6 _342\"></span>s \u00e0 un audit, \u00e0 une revue<span class=\"__6 _342\"></span>, \u00e0 une compila<span class=\"__6 _336\"></span>tion ou \u00e0 to<span class=\"__6 _336\"></span>ute autr<span class=\"__6 _342\"></span>e forme d\u2019<span class=\"__6 _342\"></span>exa<span class=\"__6 _342\"></span>men ou d\u2019<span class=\"__6 _336\"></span>atte<span class=\"__6 _342\"></span>station en r<span class=\"__6 _336\"></span>apport avec le<span class=\"__6 _342\"></span>s normes d\u2019<span class=\"__6 _342\"></span>audit g\u00e9n\u00e9ralemen<span class=\"__6 _342\"></span>t reconnue<span class=\"__6 _342\"></span>s. De plus, les pr<span class=\"__6 _342\"></span>oc\u00e9dure<span class=\"__6 _336\"></span>s limit\u00e9es n<span class=\"__6 _342\"></span>\u2019<span class=\"__6 _342\"></span>ont pas \u00e9<span class=\"__6 _336\"></span>t\u00e9 effect<span class=\"__6 _336\"></span>u\u00e9es en pr<span class=\"__6 _336\"></span>\u00e9vision de o<span class=\"__6 _336\"></span>u en rela<span class=\"__6 _342\"></span>tion avec t<span class=\"__6 _342\"></span>out investis<span class=\"__6 _336\"></span>semen<span class=\"__6 _336\"></span>t r\u00e9ali<span class=\"__6 _342\"></span>s\u00e9 ou envisag\u00e9 par Sofin<span class=\"__6 _342\"></span>a. Ainsi, toute p<span class=\"__6 _342\"></span>ar<span class=\"__6 _343\"></span>tie envisagean<span class=\"__6 _342\"></span>t un investi<span class=\"__6 _342\"></span>ssement dan<span class=\"__6 _342\"></span>s ces \u00ab P<span class=\"__6 _342\"></span>articipation<span class=\"__6 _336\"></span>s \u00bb ou tout<span class=\"__6 _342\"></span>e partie envisagean<span class=\"__6 _342\"></span>t un investiss<span class=\"__6 _336\"></span>ement dir<span class=\"__6 _342\"></span>ectemen<span class=\"__6 _342\"></span>t au capital de Sofina ne de<span class=\"__6 _342\"></span>vrait pas con<span class=\"__6 _336\"></span>sid\u00e9rer q<span class=\"__6 _336\"></span>ue la mise en \u0153uvr<span class=\"__6 _342\"></span>e de ces proc\u00e9d<span class=\"__6 _336\"></span>ure<span class=\"__6 _336\"></span>s limit\u00e9es pa<span class=\"__6 _342\"></span>r Kroll est suffisan<span class=\"__6 _342\"></span>te dan<span class=\"__6 _342\"></span>s l\u2019<span class=\"__6 _342\"></span>optique des inve<span class=\"__6 _342\"></span>stissemen<span class=\"__6 _342\"></span>ts susmenti<span class=\"__6 _336\"></span>onn\u00e9s. L<span class=\"__6 _342\"></span>es r\u00e9<span class=\"__6 _336\"></span>sultat<span class=\"__6 _336\"></span>s de l\u2019<span class=\"__6 _342\"></span>analyse de Kr<span class=\"__6 _342\"></span>oll ne doiven<span class=\"__6 _336\"></span>t pas \u00eatr<span class=\"__6 _342\"></span>e consid\u00e9r<span class=\"__6 _342\"></span>\u00e9s comme une att<span class=\"__6 _342\"></span>estation<span class=\"__6 _336\"></span> d\u2019<span class=\"__6 _342\"></span>\u00e9quit\u00e9 r<span class=\"__6 _342\"></span>elative \u00e0 un<span class=\"__6 _342\"></span>e op\u00e9ration ou une a<span class=\"__6 _342\"></span>ttesta<span class=\"__6 _342\"></span>tion de solvabilit<span class=\"__6 _336\"></span>\u00e9. L<span class=\"__6 _342\"></span>es proc\u00e9dur<span class=\"__6 _342\"></span>es limit\u00e9es eff<span class=\"__6 _342\"></span>ectu\u00e9es par Kr<span class=\"__6 _342\"></span>oll compl\u00e8ten<span class=\"__6 _342\"></span>t les proc\u00e9dur<span class=\"__6 _342\"></span>es que Sofina est t<span class=\"__6 _342\"></span>enue de mettre en \u0153uvr<span class=\"__6 _342\"></span>e pour estimer la j<span class=\"__6 _342\"></span>uste va<span class=\"__6 _336\"></span>leur des \u00ab P<span class=\"__6 _342\"></span>articipation<span class=\"__6 _342\"></span>s \u00bb. Le r<span class=\"__6 _342\"></span>\u00e9sultat des analy<span class=\"__6 _342\"></span>ses men\u00e9es par Kr<span class=\"__6 _342\"></span>oll a \u00e9t\u00e9 pris en com<span class=\"__6 _342\"></span>pte par Sofin<span class=\"__6 _336\"></span>a dan<span class=\"__6 _342\"></span>s son \u00e9valua<span class=\"__6 _342\"></span>tion de la just<span class=\"__6 _342\"></span>e valeur des \u00ab P<span class=\"__6 _342\"></span>articipati<span class=\"__6 _336\"></span>ons \u00bb.<span class=\"__6 _341\"> </span>M\u00e9thode<span class=\"__6 _342\"></span>s appliqu\u00e9es con<span class=\"__6 _342\"></span>form\u00e9men<span class=\"__6 _342\"></span>t \u00e0 la norme I<span class=\"__6 _342\"></span>FR<span class=\"__6 _336\"></span>S 13 pour d\u00e9t<span class=\"__6 _342\"></span>erminer la jus<span class=\"__6 _342\"></span>te vale<span class=\"__6 _342\"></span>ur des actifs non c<span class=\"__6 _342\"></span>ot\u00e9s de niv<span class=\"__6 _342\"></span>eau 3 du portef<span class=\"__6 _336\"></span>euille d\u2019inv<span class=\"__6 _336\"></span>esti<span class=\"__6 _342\"></span>ssemen<span class=\"__6 _342\"></span>t en tran<span class=\"__6 _342\"></span>sparenc<span class=\"__6 _342\"></span>e<table class=\"s_1 w203 h2f_2\" id=\"_34ce1bfe-0307-48a5-bd32-50244c6ea573\"><tr><td class=\"t_6 m0_6 xde_4 hc_6 y45d_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">TECHNIQUE </td><td class=\"t_6 m0_6 x30e hc_6 y45d_1 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">UTIL<span class=\"__6 _336\"></span>ISA<span class=\"__6 _335\"></span>TION<span class=\"ls2_6 ws0_6\"> </span></td><td></td><td class=\"t_6 m0_6 x30f hc_6 y45e_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">DONN\u00c9ES </td><td class=\"t_6 m0_6 x310 hc_6 y45e_1 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">LI<span class=\"__6 _336\"></span>ENS E<span class=\"__6 _342\"></span>NTRE DONN\u00c9E<span class=\"__6 _342\"></span>S<span class=\"ls2_6\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hc_6 y45f_1 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">D\u2019\u00c9V<span class=\"__6 _342\"></span>ALUA<span class=\"__6 _335\"></span>TION<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30e hc_6 y45f_1 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">DE LA T<span class=\"__6 _343\"></span>ECHNIQUE<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 x30f hc_6 y460_1 ff4_6 fs6_6 fc2_6 sc0_6 ls24_6 ws82\">NON OBSERVABL<span class=\"__6 _342\"></span>ES<span class=\"ls2_6 ws0_6\"> </span></td><td class=\"t_6 m0_6 x310 hc_6 y460_1 ff4_6 fs6_6 fc2_6 sc0_6 ls24_6 ws82\">NON OBSERVABL<span class=\"__6 _342\"></span>ES<span class=\"ls2_6 ws0_6\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x30f hc_6 y461_1 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws57_4\">IMPORT<span class=\"__6 _342\"></span>ANT<span class=\"__6 _343\"></span>ES<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hc_6 y461_1 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">ET LA JUS<span class=\"__6 _342\"></span>TE V<span class=\"__6 _342\"></span>ALEUR<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y462_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Co\u00fbt d<span class=\"__6 _342\"></span>u capital is<span class=\"__6 _342\"></span>su de la </td><td class=\"t_6 m0_6 x310 hd_6 y462_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s le co\u00fbt du cap<span class=\"__6 _336\"></span>ital e<span class=\"__6 _336\"></span>st \u00e9lev<span class=\"__6 _342\"></span>\u00e9, </td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y463_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">calibr<span class=\"__6 _342\"></span>ation.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hd_6 y463_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">moin<span class=\"__6 _342\"></span>s la jus<span class=\"__6 _336\"></span>te va<span class=\"__6 _342\"></span>leur est \u00e9le<span class=\"__6 _336\"></span>v\u00e9e<span class=\"__6 _336\"></span>.<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y464_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>echnique de<span class=\"__6 _342\"></span>s flux de tr\u00e9sor<span class=\"__6 _342\"></span>erie </td><td class=\"t_6 m0_6 x30e hd_6 y464_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Appliqu\u00e9e pour le<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9<span class=\"__6 _336\"></span>s mat<span class=\"__6 _342\"></span>ures ou po<span class=\"__6 _336\"></span>ur les soci<span class=\"__6 _336\"></span>\u00e9t\u00e9<span class=\"__6 _342\"></span>s o\u00f9 suffisammen<span class=\"__6 _336\"></span>t d\u2019inf<span class=\"__6 _342\"></span>ormation e<span class=\"__6 _336\"></span>st </td><td></td><td class=\"t_6 m0_6 x30f hd_6 y464_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">V<span class=\"__6 _342\"></span>aleu<span class=\"__6 _342\"></span>r terminale sur ba<span class=\"__6 _336\"></span>se d\u2019un </td><td class=\"t_6 m0_6 x310 hd_6 y465_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s le taux de cr<span class=\"__6 _336\"></span>oissa<span class=\"__6 _342\"></span>nce \u00e0 long </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y466_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">actu<span class=\"__6 _342\"></span>alis\u00e9s ou Di<span class=\"__6 _336\"></span>scoun<span class=\"__6 _342\"></span>ted Ca<span class=\"__6 _342\"></span>sh Flow </td><td class=\"t_6 m0_6 x30e hd_6 y466_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">disponible.<span class=\"__6 _342\"></span> <span class=\"__6 _343\"></span><span class=\"ls2_6 ws0_6\"> </span></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y466_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">taux de c<span class=\"__6 _336\"></span>roi<span class=\"__6 _342\"></span>ssance \u00e0 long t<span class=\"__6 _342\"></span>erme.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hd_6 y467_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">terme e<span class=\"__6 _342\"></span>st \u00e9lev\u00e9, pl<span class=\"__6 _342\"></span>us la ju<span class=\"__6 _342\"></span>ste </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y468_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">model<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30e hd_6 y468_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Cett<span class=\"__6 _342\"></span>e m\u00e9thode con<span class=\"__6 _342\"></span>siste \u00e0 act<span class=\"__6 _342\"></span>ualiser des fl<span class=\"__6 _342\"></span>ux de tr\u00e9sor<span class=\"__6 _342\"></span>erie futurs a<span class=\"__6 _342\"></span>ttendus<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 x310 hd_6 y469_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">vale<span class=\"__6 _342\"></span>ur est \u00e9lev<span class=\"__6 _336\"></span>\u00e9e.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y46a_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">V<span class=\"__6 _342\"></span>aleu<span class=\"__6 _342\"></span>r terminale sur ba<span class=\"__6 _336\"></span>se d\u2019un </td><td class=\"t_6 m0_6 x310 hd_6 y46b_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s le multiple de sortie est </td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y46c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">multiple de sortie.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hd_6 y46d_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">\u00e9lev\u00e9<span class=\"__6 _342\"></span>, plus la j<span class=\"__6 _342\"></span>uste va<span class=\"__6 _342\"></span>leur est </td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x310 hd_6 y46e_1 ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws83\">\u00e9l<span class=\"__6 _343\"></span>ev\u00e9e.<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y46f_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiples de ma<span class=\"__6 _342\"></span>rch\u00e9 \u2013 multiple<span class=\"__6 _342\"></span>s des </td><td class=\"t_6 m0_6 x30e hd_6 y470_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">En l\u2019<span class=\"__6 _342\"></span>ab<span class=\"__6 _342\"></span>sence de tra<span class=\"__6 _336\"></span>nsac<span class=\"__6 _342\"></span>tion r\u00e9cen<span class=\"__6 _342\"></span>te sur la participa<span class=\"__6 _342\"></span>tion \u00e0 la da<span class=\"__6 _336\"></span>te de cl\u00f4<span class=\"__6 _342\"></span>ture et lor<span class=\"__6 _342\"></span>sque le </td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y471_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">ven<span class=\"__6 _342\"></span>tes ou de la m<span class=\"__6 _336\"></span>arge brut<span class=\"__6 _342\"></span>e ou de </td><td class=\"t_6 m0_6 x30e hd_6 y472_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Disco<span class=\"__6 _336\"></span>unt<span class=\"__6 _342\"></span>ed Cash Flo<span class=\"__6 _336\"></span>w model n\u2019<span class=\"__6 _335\"></span>est p<span class=\"__6 _336\"></span>as appliq<span class=\"__6 _342\"></span>u\u00e9. <span class=\"ls2_6\"> </span></td><td></td><td class=\"c_1 x313 y473_1 w204 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls3e_4 ws84\">D\u00e9<span class=\"__6 _343\"></span>cote</div><div class=\"t_6 m0_6 x311 hf_6 y3b2_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div><div class=\"t_6 m0_6 x312 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">issue de la c<span class=\"__6 _336\"></span>alibr<span class=\"__6 _336\"></span>ati<span class=\"__6 _336\"></span>on</div></td><td class=\"t_6 m0_6 x310 hd_6 y472_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s la d\u00e9cot<span class=\"__6 _336\"></span>e est \u00e9le<span class=\"__6 _342\"></span>v\u00e9e, moin<span class=\"__6 _342\"></span>s </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y474_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">l\u2019E<span class=\"__6 _342\"></span>BITDA ou de<span class=\"__6 _342\"></span>s reven<span class=\"__6 _342\"></span>us ou un mix </td><td class=\"t_6 m0_6 x30e hd_6 y475_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">L<span class=\"__6 _342\"></span>e principe de calibra<span class=\"__6 _342\"></span>tion est utilis<span class=\"__6 _342\"></span>\u00e9 pour d\u00e9terminer la d\u00e9<span class=\"__6 _336\"></span>cot<span class=\"__6 _342\"></span>e par rapport au pa<span class=\"__6 _342\"></span>nier de </td><td></td><td class=\"t_6 m0_6 x30f hd_6 y474_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">par r<span class=\"__6 _342\"></span>apport au groupe de </td><td class=\"t_6 m0_6 x310 hd_6 y475_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">la j<span class=\"__6 _336\"></span>ust<span class=\"__6 _342\"></span>e valeur e<span class=\"__6 _336\"></span>st \u00e9lev<span class=\"__6 _342\"></span>\u00e9e.<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y476_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">de ces m<span class=\"__6 _336\"></span>ultiples (sur la ba<span class=\"__6 _342\"></span>se de </td><td class=\"t_6 m0_6 x30e hd_6 y477_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s cot<span class=\"__6 _336\"></span>\u00e9es com<span class=\"__6 _342\"></span>parable<span class=\"__6 _342\"></span>s.<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y476_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s compar<span class=\"__6 _342\"></span>ables.<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y478_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s cot<span class=\"__6 _336\"></span>\u00e9es com<span class=\"__6 _342\"></span>parable<span class=\"__6 _342\"></span>s)<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y479_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">F<span class=\"__6 _342\"></span>acteur d\u2019<span class=\"__6 _335\"></span>actuali<span class=\"__6 _342\"></span>sation issu de la<span class=\"__6 _342\"></span> </td><td class=\"t_6 m0_6 x310 hd_6 y47a_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s le facteu<span class=\"__6 _336\"></span>r d\u2019<span class=\"__6 _342\"></span>actu<span class=\"__6 _336\"></span>alisa<span class=\"__6 _342\"></span>tion est </td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y47b_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">calibr<span class=\"__6 _342\"></span>ation.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hd_6 y47c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">\u00e9lev\u00e9<span class=\"__6 _342\"></span>, moins la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _342\"></span>aleur es<span class=\"__6 _336\"></span>t </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y47d_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Mod\u00e8le des r<span class=\"__6 _342\"></span>endement<span class=\"__6 _336\"></span>s att<span class=\"__6 _336\"></span>endu<span class=\"__6 _336\"></span>s </td><td class=\"c_1 n_1 x314 y47e_1 w205 h1d_6\" colspan=\"2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">L<span class=\"__6 _342\"></span>es start-up ou soci<span class=\"__6 _336\"></span>\u00e9t\u00e9<span class=\"__6 _342\"></span>s \u00ab early stage \u00bb<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x315 y47e_1 w206 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">ou certaine<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9<span class=\"__6 _336\"></span>s pour lesq<span class=\"__6 _342\"></span>uelles des sc\u00e9na<span class=\"__6 _342\"></span>rios<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"t_6 m0_6 x310 hd_6 y47f_1 ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws83\">\u00e9l<span class=\"__6 _343\"></span>ev\u00e9e.<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y480_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">pond\u00e9r<span class=\"__6 _336\"></span>\u00e9s pa<span class=\"__6 _336\"></span>r leur pr<span class=\"__6 _342\"></span>obabilit\u00e9 ou<span class=\"__6 _336\"></span> </td><td class=\"t_6 m0_6 x30e hd_6 y481_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">fortem<span class=\"__6 _336\"></span>ent diff<span class=\"__6 _336\"></span>\u00e9ren<span class=\"__6 _342\"></span>ts res<span class=\"__6 _342\"></span>tent pos<span class=\"__6 _336\"></span>sibles, lor<span class=\"__6 _342\"></span>sque les autr<span class=\"__6 _336\"></span>es m\u00e9<span class=\"__6 _336\"></span>thodes (tr<span class=\"__6 _342\"></span>ansacti<span class=\"__6 _342\"></span>on r\u00e9cen<span class=\"__6 _336\"></span>te,<span class=\"__6 _342\"></span> </td><td class=\"t_6 m0_6 x30f hd_6 y481_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">P<span class=\"__6 _342\"></span>oids a<span class=\"__6 _342\"></span>ttribu\u00e9s aux diff\u00e9r<span class=\"__6 _342\"></span>ents </td><td class=\"t_6 m0_6 x310 hd_6 y480_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s le poids du sc<span class=\"__6 _336\"></span>\u00e9nario<span class=\"__6 _342\"></span> </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y482_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">m\u00e9thode de<span class=\"__6 _342\"></span>s sc\u00e9nario<span class=\"__6 _342\"></span>s probabili<span class=\"__6 _342\"></span>s\u00e9s </td><td class=\"t_6 m0_6 x30e hd_6 y483_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">Disco<span class=\"__6 _336\"></span>unt<span class=\"__6 _342\"></span>ed Cash Flo<span class=\"__6 _336\"></span>w model, multiple<span class=\"__6 _336\"></span>s de mar<span class=\"__6 _342\"></span>ch\u00e9) ne peuv<span class=\"__6 _336\"></span>ent \u00ea<span class=\"__6 _342\"></span>tre appliqu\u00e9e<span class=\"__6 _336\"></span>s, son<span class=\"__6 _342\"></span>t </td><td class=\"t_6 m0_6 x30f hd_6 y483_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">sc\u00e9na<span class=\"__6 _342\"></span>rios (en g\u00e9n\u00e9ra<span class=\"__6 _342\"></span>l 3 \u00e0 </td><td class=\"t_6 m0_6 x310 hd_6 y482_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">pessimis<span class=\"__6 _342\"></span>te est \u00e9lev<span class=\"__6 _342\"></span>\u00e9, moin<span class=\"__6 _336\"></span>s la </td></tr><tr><td class=\"t_6 m0_6 xde_4 he_6 y484_1 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">(PWERM: P<span class=\"__6 _342\"></span>robability-W<span class=\"__6 _342\"></span>eight<span class=\"__6 _342\"></span>ed </td><td class=\"t_6 m0_6 x30e hd_6 y485_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">valori<span class=\"__6 _342\"></span>s\u00e9es sur la bas<span class=\"__6 _342\"></span>e de sc\u00e9nario<span class=\"__6 _336\"></span>s.<span class=\"ls2_6\"> </span></td><td class=\"t_6 m0_6 x30f hd_6 y485_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">4 sc\u00e9na<span class=\"__6 _342\"></span>rios, d\u2019<span class=\"__6 _335\"></span>extr\u00eam<span class=\"__6 _336\"></span>emen<span class=\"__6 _342\"></span>t </td><td class=\"t_6 m0_6 x310 hd_6 y484_1 ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws4a_4\">juste val<span class=\"__6 _343\"></span>eur<span class=\"__6 _343\"></span> est \u00e9<span class=\"__6 _343\"></span>lev\u00e9<span class=\"__6 _343\"></span>e.<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y486_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Expecte<span class=\"__6 _336\"></span>d Re<span class=\"__6 _342\"></span>turn Method)<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30e hd_6 y487_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">Ce<span class=\"__6 _336\"></span>s soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s sont v<span class=\"__6 _336\"></span>aloris\u00e9<span class=\"__6 _336\"></span>es sur la ba<span class=\"__6 _342\"></span>se de diff\u00e9ren<span class=\"__6 _342\"></span>ts sc\u00e9nari<span class=\"__6 _336\"></span>os fut<span class=\"__6 _336\"></span>urs a<span class=\"__6 _342\"></span>ttendus (r<span class=\"__6 _342\"></span>\u00e9sultat<span class=\"__6 _336\"></span>s </td><td class=\"t_6 m0_6 x30f hd_6 y487_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">pessimis<span class=\"__6 _342\"></span>tes \u00e0 optimis<span class=\"__6 _342\"></span>tes).<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y488 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">futur<span class=\"__6 _342\"></span>s de just<span class=\"__6 _342\"></span>es valeu<span class=\"__6 _336\"></span>rs pr<span class=\"__6 _342\"></span>obabilis\u00e9<span class=\"__6 _336\"></span>s).<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30f hd_6 y489 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">V<span class=\"__6 _342\"></span>aleu<span class=\"__6 _342\"></span>r de sor<span class=\"__6 _343\"></span>tie sur bas<span class=\"__6 _336\"></span>e d\u2019un </td><td class=\"t_6 m0_6 x310 hd_6 y48a ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s le multiple de sortie est </td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y48b ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">multiple de sortie.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hd_6 y48c ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">\u00e9lev\u00e9<span class=\"__6 _342\"></span>, plus la j<span class=\"__6 _342\"></span>uste va<span class=\"__6 _342\"></span>leur est </td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x310 hd_6 y48d ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws83\">\u00e9l<span class=\"__6 _343\"></span>ev\u00e9e.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td class=\"c_1 n_1 x314 y48e w205 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">L<span class=\"__6 _342\"></span>es start-up ou soci<span class=\"__6 _336\"></span>\u00e9t\u00e9<span class=\"__6 _342\"></span>s \u00ab early stage \u00bb<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x315 y48e w207 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">ou certaine<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9<span class=\"__6 _336\"></span>s pour lesq<span class=\"__6 _342\"></span>uelles des \u00e9tape<span class=\"__6 _342\"></span>s<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"t_6 m0_6 x310 hd_6 y48f ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Une d\u00e9co<span class=\"__6 _342\"></span>te est appliq<span class=\"__6 _336\"></span>u\u00e9e par<span class=\"__6 _336\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y490 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">importan<span class=\"__6 _342\"></span>tes r<span class=\"__6 _336\"></span>est<span class=\"__6 _342\"></span>ent \u00e0 fra<span class=\"__6 _342\"></span>nchir<span class=\"__6 _342\"></span>, lorsque les autr<span class=\"__6 _342\"></span>es m\u00e9thode<span class=\"__6 _342\"></span>s ne peuven<span class=\"__6 _342\"></span>t \u00eatre appliqu\u00e9<span class=\"__6 _336\"></span>es </td><td></td><td class=\"t_6 m0_6 x310 hd_6 y490 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">palier<span class=\"__6 _335\"></span>. Si un palier est fr<span class=\"__6 _342\"></span>anchi, </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y491 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">(tra<span class=\"__6 _342\"></span>nsaction r<span class=\"__6 _342\"></span>\u00e9cente<span class=\"__6 _342\"></span>, Discoun<span class=\"__6 _342\"></span>ted Ca<span class=\"__6 _336\"></span>sh Flow model, m<span class=\"__6 _336\"></span>ultiples de ma<span class=\"__6 _342\"></span>rch\u00e9, PWE<span class=\"__6 _342\"></span>RM), sont<span class=\"__6 _336\"></span> </td><td></td><td class=\"t_6 m0_6 x310 hd_6 y491 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">plus l<span class=\"__6 _336\"></span>a donn\u00e9e non ob<span class=\"__6 _336\"></span>servable </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y492 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">valori<span class=\"__6 _342\"></span>s\u00e9es selon la m\u00e9<span class=\"__6 _336\"></span>thode des mile<span class=\"__6 _336\"></span>ston<span class=\"__6 _336\"></span>es (\u00e9ta<span class=\"__6 _342\"></span>pes ou \u00e9v\u00e9n<span class=\"__6 _336\"></span>emen<span class=\"__6 _336\"></span>ts importan<span class=\"__6 _342\"></span>ts). <span class=\"ls2_6\"> </span></td><td class=\"t_6 m0_6 x30f hd_6 y492 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9cot<span class=\"__6 _342\"></span>e appliqu\u00e9e par pa<span class=\"__6 _342\"></span>lier </td><td class=\"t_6 m0_6 x310 hd_6 y492 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">augmen<span class=\"__6 _342\"></span>te ou diminue, pl<span class=\"__6 _342\"></span>us </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y493 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Milest<span class=\"__6 _342\"></span>ones appro<span class=\"__6 _336\"></span>ach<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30e hd_6 y493 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">Cett<span class=\"__6 _342\"></span>e m\u00e9thode con<span class=\"__6 _342\"></span>siste \u00e0 d\u00e9t<span class=\"__6 _342\"></span>erminer s\u2019il y a une indica<span class=\"__6 _342\"></span>tion de chan<span class=\"__6 _336\"></span>gemen<span class=\"__6 _336\"></span>t de ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur </td><td class=\"t_6 m0_6 x30f hd_6 y493 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">en fon<span class=\"__6 _336\"></span>ction des mile<span class=\"__6 _342\"></span>stones<span class=\"__6 _336\"></span> </td><td class=\"t_6 m0_6 x310 hd_6 y493 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">la j<span class=\"__6 _336\"></span>ust<span class=\"__6 _342\"></span>e valeur augm<span class=\"__6 _342\"></span>ente ou<span class=\"__6 _336\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y494 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">sur la ba<span class=\"__6 _336\"></span>se d\u2019un v\u00e9rifi<span class=\"__6 _336\"></span>cati<span class=\"__6 _342\"></span>on d\u2019un ou plusieu<span class=\"__6 _342\"></span>rs mileston<span class=\"__6 _336\"></span>es. Un o<span class=\"__6 _336\"></span>u plusi<span class=\"__6 _336\"></span>eurs mile<span class=\"__6 _342\"></span>stones son<span class=\"__6 _342\"></span>t </td><td class=\"t_6 m0_6 x30f hd_6 y494 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">pr\u00e9d\u00e9<span class=\"__6 _336\"></span>finis.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hd_6 y494 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">diminue. Si le pr<span class=\"__6 _342\"></span>emier palier n<span class=\"__6 _342\"></span>\u2019<span class=\"__6 _342\"></span>est<span class=\"__6 _336\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y495 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">commun<span class=\"__6 _336\"></span>\u00e9men<span class=\"__6 _342\"></span>t \u00e9tablis en f<span class=\"__6 _336\"></span>onction d<span class=\"__6 _342\"></span>u stade de d\u00e9veloppem<span class=\"__6 _342\"></span>ent de la soci\u00e9t<span class=\"__6 _342\"></span>\u00e9. L<span class=\"__6 _342\"></span>es mileston<span class=\"__6 _336\"></span>es </td><td></td><td class=\"t_6 m0_6 x310 hd_6 y495 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">pas fr<span class=\"__6 _342\"></span>anchi, plu<span class=\"__6 _342\"></span>s la donn\u00e9e non </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y496 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">peuven<span class=\"__6 _342\"></span>t inclur<span class=\"__6 _342\"></span>e des indica<span class=\"__6 _342\"></span>teurs fina<span class=\"__6 _342\"></span>nciers, de<span class=\"__6 _342\"></span>s indicat<span class=\"__6 _342\"></span>eurs tec<span class=\"__6 _336\"></span>hniques e<span class=\"__6 _336\"></span>t des indi<span class=\"__6 _336\"></span>cat<span class=\"__6 _342\"></span>eurs </td><td></td><td class=\"t_6 m0_6 x310 hd_6 y496 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">observable dimin<span class=\"__6 _336\"></span>ue, plu<span class=\"__6 _342\"></span>s la just<span class=\"__6 _342\"></span>e </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y497 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">mark<span class=\"__6 _342\"></span>etin<span class=\"__6 _342\"></span>g et commerci<span class=\"__6 _336\"></span>aux.<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 x310 hd_6 y497 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">vale<span class=\"__6 _342\"></span>ur diminue.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y498 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">Sur la ba<span class=\"__6 _336\"></span>se des dernier<span class=\"__6 _342\"></span>s rapports disponibles<span class=\"__6 _342\"></span>, obtenus de<span class=\"__6 _342\"></span>s Gestionnair<span class=\"__6 _342\"></span>es. <span class=\"ls2_6\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y499 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">Cett<span class=\"__6 _342\"></span>e m\u00e9thode con<span class=\"__6 _342\"></span>siste \u00e0 utiliser l<span class=\"__6 _342\"></span>a quote-part da<span class=\"__6 _342\"></span>ns les actifs n<span class=\"__6 _336\"></span>ets r<span class=\"__6 _342\"></span>apport\u00e9s aju<span class=\"__6 _342\"></span>st\u00e9e (i) des </td><td class=\"t_6 m0_6 x30f hd_6 y499 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">La ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur sur la base de </td><td class=\"t_6 m0_6 x310 hd_6 y49a ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s la donn\u00e9e non observable<span class=\"__6 _342\"></span> </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y49b ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Actif ne<span class=\"__6 _342\"></span>t r\u00e9\u00e9va<span class=\"__6 _342\"></span>lu\u00e9 ave<span class=\"__6 _336\"></span>c actifs </td><td class=\"t_6 m0_6 x30e hd_6 y49b ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">lib\u00e9ra<span class=\"__6 _342\"></span>tions de cap<span class=\"__6 _342\"></span>ital et des dis<span class=\"__6 _342\"></span>tributions survenues de<span class=\"__6 _336\"></span>puis la d<span class=\"__6 _336\"></span>at<span class=\"__6 _342\"></span>e d\u2019<span class=\"__6 _342\"></span>\u00e9mission du derni<span class=\"__6 _342\"></span>er </td><td class=\"t_6 m0_6 x30f hd_6 y49b ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">rapports de<span class=\"__6 _342\"></span>s Gestionnair<span class=\"__6 _342\"></span>es est </td><td class=\"t_6 m0_6 x310 hd_6 y49c ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">augmen<span class=\"__6 _342\"></span>te, plu<span class=\"__6 _342\"></span>s la just<span class=\"__6 _342\"></span>e valeur<span class=\"__6 _336\"></span> </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y49d ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">comp<span class=\"__6 _342\"></span>tabilis\u00e9<span class=\"__6 _336\"></span>s \u00e0 leur j<span class=\"__6 _342\"></span>uste va<span class=\"__6 _342\"></span>leur<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30e hd_6 y49d ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">rapport, (ii) des \u00e9<span class=\"__6 _342\"></span>volution<span class=\"__6 _342\"></span>s des cours de bo<span class=\"__6 _336\"></span>urse de<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9s c<span class=\"__6 _342\"></span>ot\u00e9es e<span class=\"__6 _336\"></span>t (iii) des \u00e9v<span class=\"__6 _342\"></span>\u00e9nements<span class=\"__6 _342\"></span> </td><td class=\"t_6 m0_6 x30f hd_6 y49d ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">con<span class=\"__6 _336\"></span>sid\u00e9r\u00e9<span class=\"__6 _336\"></span>e comme donn\u00e9e n<span class=\"__6 _342\"></span>on </td><td class=\"t_6 m0_6 x310 hd_6 y49e ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">augmen<span class=\"__6 _342\"></span>te.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y49f ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">significa<span class=\"__6 _342\"></span>tifs. Le<span class=\"__6 _342\"></span>s investiss<span class=\"__6 _336\"></span>emen<span class=\"__6 _342\"></span>ts sous-jacen<span class=\"__6 _342\"></span>ts du fon<span class=\"__6 _342\"></span>ds doiven<span class=\"__6 _342\"></span>t \u00eatre ra<span class=\"__6 _336\"></span>pport\u00e9s \u00e0 la j<span class=\"__6 _342\"></span>uste<span class=\"__6 _336\"></span> </td><td class=\"t_6 m0_6 x30f hd_6 y49f ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">observable<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4a0 ff2_6 fs7_6 fc1_6 sc0_6 ls3f_4 ws85\">v<span class=\"__6 _343\"></span>a<span class=\"__6 _343\"></span>l<span class=\"__6 _2f_4\"></span>e<span class=\"__6 _343\"></span>u<span class=\"__6 _2f_4\"></span>r.<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td></tr></table>1 <span class=\"__6 _346\"> </span>  <span class=\"__6 _338\"></span> <span class=\"__6 _338\"></span>Da<span class=\"__6 _336\"></span>ns certain<span class=\"__6 _342\"></span>s cas, une sur<span class=\"__6 _342\"></span>cote es<span class=\"__6 _342\"></span>t appliqu\u00e9e par rapport au gr<span class=\"__6 _342\"></span>oupe de soci\u00e9t\u00e9<span class=\"__6 _336\"></span>s compar<span class=\"__6 _342\"></span>ables, \u00e9galemen<span class=\"__6 _342\"></span>t issue du principe de ca<span class=\"__6 _342\"></span>libration. D<span class=\"__6 _342\"></span>ans certains c<span class=\"__6 _342\"></span>as exce<span class=\"__6 _336\"></span>ptionnels<span class=\"__6 _342\"></span>, la d\u00e9cote e<span class=\"__6 _336\"></span>st estim\u00e9e su<span class=\"__6 _342\"></span>r la base d\u2019<span class=\"__6 _342\"></span>autres m<span class=\"__6 _336\"></span>\u00e9thodes que l<span class=\"__6 _336\"></span>a calibr<span class=\"__6 _336\"></span>ation.<span class=\"__6 _341\"> </span><table class=\"s_1 w20b h31_2\" id=\"_0fcf567d-5f83-4a59-84a5-60d28aabde13\"><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4b5 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">A chaque f<span class=\"__6 _342\"></span>ois qu\u2019une tr<span class=\"__6 _342\"></span>ansac<span class=\"__6 _336\"></span>tion r\u00e9<span class=\"__6 _336\"></span>cen<span class=\"__6 _336\"></span>te et signifi<span class=\"__6 _342\"></span>cative a \u00e9t<span class=\"__6 _342\"></span>\u00e9 r\u00e9alis<span class=\"__6 _336\"></span>\u00e9e pour la pa<span class=\"__6 _342\"></span>r<span class=\"__6 _343\"></span>ticipa<span class=\"__6 _336\"></span>tion </td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4b6 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">\u00e0 la da<span class=\"__6 _342\"></span>te de cl\u00f4tur<span class=\"__6 _342\"></span>e et pour aut<span class=\"__6 _336\"></span>an<span class=\"__6 _342\"></span>t que la tran<span class=\"__6 _342\"></span>saction rem<span class=\"__6 _342\"></span>plisse les crit<span class=\"__6 _342\"></span>\u00e8res de ma<span class=\"__6 _336\"></span>rch<span class=\"__6 _342\"></span>\u00e9 et </td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4b7 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">d\u2019int<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>venan<span class=\"__6 _342\"></span>t de marc<span class=\"__6 _342\"></span>h\u00e9. <span class=\"ls2_6\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4b8 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Re<span class=\"__6 _342\"></span>tenons que le<span class=\"__6 _342\"></span>s IPEV V<span class=\"__6 _342\"></span>alu<span class=\"__6 _342\"></span>ation Guideline<span class=\"__6 _342\"></span>s ne consid\u00e8r<span class=\"__6 _342\"></span>ent plus le prix de l<span class=\"__6 _342\"></span>a transa<span class=\"__6 _342\"></span>ction </td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4b9 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">r\u00e9c<span class=\"__6 _342\"></span>ente comme u<span class=\"__6 _342\"></span>ne technique de v<span class=\"__6 _342\"></span>alorisation p<span class=\"__6 _336\"></span>ar d\u00e9fa<span class=\"__6 _342\"></span>ut mais plut\u00f4<span class=\"__6 _342\"></span>t comme un poin<span class=\"__6 _342\"></span>t de </td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y4ba ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Prix de l<span class=\"__6 _336\"></span>a derni\u00e8re tr<span class=\"__6 _342\"></span>ansac<span class=\"__6 _342\"></span>tion </td><td class=\"t_6 m0_6 x30e hd_6 y4bb ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">d\u00e9part de l\u2019<span class=\"__6 _335\"></span>estima<span class=\"__6 _342\"></span>tion de la ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur. P<span class=\"__6 _335\"></span>ar cons\u00e9q<span class=\"__6 _336\"></span>uent, le prix de l<span class=\"__6 _336\"></span>a tra<span class=\"__6 _336\"></span>nsac<span class=\"__6 _342\"></span>tion r\u00e9cen<span class=\"__6 _342\"></span>te </td><td class=\"t_6 m0_6 x30f hd_6 y4bb ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">La ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur de la derni\u00e8re </td><td class=\"t_6 m0_6 x310 hd_6 y4bb ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s la donn\u00e9e non observable<span class=\"__6 _342\"></span> </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y4bc ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">r\u00e9c<span class=\"__6 _342\"></span>ente (PO<span class=\"__6 _342\"></span>RI)<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30e hd_6 y4bd ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">comme t<span class=\"__6 _336\"></span>echnique de v<span class=\"__6 _342\"></span>alorisati<span class=\"__6 _336\"></span>on n\u2019<span class=\"__6 _335\"></span>est utilis<span class=\"__6 _336\"></span>\u00e9 que lorsq<span class=\"__6 _336\"></span>ue la tra<span class=\"__6 _342\"></span>nsaction r<span class=\"__6 _342\"></span>\u00e9cent<span class=\"__6 _336\"></span>e est<span class=\"__6 _336\"></span> </td><td class=\"t_6 m0_6 x30f hd_6 y4bd ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">tra<span class=\"__6 _342\"></span>nsaction es<span class=\"__6 _342\"></span>t consid\u00e9r<span class=\"__6 _342\"></span>\u00e9e </td><td class=\"t_6 m0_6 x310 hd_6 y4bd ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">augmen<span class=\"__6 _342\"></span>te, plu<span class=\"__6 _342\"></span>s la just<span class=\"__6 _342\"></span>e valeur<span class=\"__6 _336\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4be ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">suffisammen<span class=\"__6 _342\"></span>t proche de l<span class=\"__6 _342\"></span>a date de cl\u00f4<span class=\"__6 _342\"></span>ture (et r<span class=\"__6 _342\"></span>\u00e9pond aux crit<span class=\"__6 _342\"></span>\u00e8res de ma<span class=\"__6 _342\"></span>rch\u00e9 et d\u2019in<span class=\"__6 _342\"></span>tervenan<span class=\"__6 _342\"></span>t </td><td class=\"t_6 m0_6 x30f hd_6 y4be ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">comme donn\u00e9<span class=\"__6 _336\"></span>e non observable<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x310 hd_6 y4be ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">augmen<span class=\"__6 _342\"></span>te.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4bf ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">de mar<span class=\"__6 _342\"></span>ch\u00e9). <span class=\"ls2_6\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4c0 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Da<span class=\"__6 _342\"></span>ns le cadr<span class=\"__6 _342\"></span>e de cette tec<span class=\"__6 _342\"></span>hnique d\u2019investi<span class=\"__6 _336\"></span>ssemen<span class=\"__6 _342\"></span>t, un investi<span class=\"__6 _336\"></span>ssemen<span class=\"__6 _342\"></span>t pour lequel un accor<span class=\"__6 _342\"></span>d </td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4c1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">d\u2019<span class=\"__6 _342\"></span>acha<span class=\"__6 _342\"></span>t et de vent<span class=\"__6 _342\"></span>e a \u00e9t\u00e9 sign\u00e9 es<span class=\"__6 _342\"></span>t \u00e9valu\u00e9 sur l<span class=\"__6 _342\"></span>a base des term<span class=\"__6 _342\"></span>es de l\u2019<span class=\"__6 _342\"></span>accord d\u2019<span class=\"__6 _335\"></span>achat et de<span class=\"__6 _342\"></span> </td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4c2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">ven<span class=\"__6 _342\"></span>te. En f<span class=\"__6 _342\"></span>onction des c<span class=\"__6 _336\"></span>ondition<span class=\"__6 _342\"></span>s de cl\u00f4tur<span class=\"__6 _342\"></span>e d\u00e9finies dan<span class=\"__6 _342\"></span>s l\u2019<span class=\"__6 _342\"></span>accord d\u2019<span class=\"__6 _335\"></span>achat et de v<span class=\"__6 _342\"></span>ente<span class=\"__6 _336\"></span>, les </td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4c3 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">proba<span class=\"__6 _342\"></span>bilit\u00e9s de cl\u00f4<span class=\"__6 _342\"></span>ture peuv<span class=\"__6 _342\"></span>ent \u00eatr<span class=\"__6 _342\"></span>e prises en comp<span class=\"__6 _342\"></span>te dan<span class=\"__6 _336\"></span>s l\u2019<span class=\"__6 _335\"></span>\u00e9val<span class=\"__6 _336\"></span>uati<span class=\"__6 _342\"></span>on.<span class=\"__6 _341\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y4c4 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">La ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur sur la base </td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4c5 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Da<span class=\"__6 _342\"></span>ns des ca<span class=\"__6 _336\"></span>s ex<span class=\"__6 _342\"></span>ceptionnel<span class=\"__6 _342\"></span>s, une autr<span class=\"__6 _336\"></span>e m\u00e9thodologi<span class=\"__6 _342\"></span>e est consi<span class=\"__6 _336\"></span>d\u00e9r\u00e9e a<span class=\"__6 _342\"></span>fin de mieux re<span class=\"__6 _336\"></span>fl\u00e9ter<span class=\"__6 _336\"></span> </td><td class=\"t_6 m0_6 x30f hd_6 y4c5 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">de rapports d'un e<span class=\"__6 _342\"></span>xper<span class=\"__6 _343\"></span>t est </td><td class=\"t_6 m0_6 x310 hd_6 y4c5 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Plu<span class=\"__6 _342\"></span>s la donn\u00e9e non observable<span class=\"__6 _342\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4c6 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">la j<span class=\"__6 _336\"></span>ust<span class=\"__6 _342\"></span>e valeur de la o<span class=\"__6 _342\"></span>u d'une fracti<span class=\"__6 _336\"></span>on de la participa<span class=\"__6 _342\"></span>tion (par e<span class=\"__6 _336\"></span>xem<span class=\"__6 _336\"></span>ple un ra<span class=\"__6 _336\"></span>pport d'<span class=\"__6 _336\"></span>expertise </td><td class=\"t_6 m0_6 x30f hd_6 y4c6 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">con<span class=\"__6 _336\"></span>sid\u00e9r\u00e9<span class=\"__6 _336\"></span>e comme donn\u00e9e n<span class=\"__6 _342\"></span>on </td><td class=\"t_6 m0_6 x310 hd_6 y4c6 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">augmen<span class=\"__6 _342\"></span>te, plu<span class=\"__6 _342\"></span>s la just<span class=\"__6 _342\"></span>e valeur<span class=\"__6 _336\"></span> </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y4c7 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Autr<span class=\"__6 _342\"></span>es m\u00e9thodes<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30e hd_6 y4c8 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">de vale<span class=\"__6 _342\"></span>ur de terrain<span class=\"__6 _342\"></span>s ou biens). E<span class=\"__6 _342\"></span>n l'ab<span class=\"__6 _342\"></span>sence de prix activem<span class=\"__6 _342\"></span>ent n\u00e9goci\u00e9<span class=\"__6 _336\"></span>s, la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _336\"></span>aleur d'u<span class=\"__6 _336\"></span>n </td><td class=\"t_6 m0_6 x30f hd_6 y4c8 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">observable<span class=\"__6 _342\"></span>. Po<span class=\"__6 _336\"></span>ur l'<span class=\"__6 _342\"></span>approche p<span class=\"__6 _336\"></span>ar </td><td class=\"t_6 m0_6 x310 hd_6 y4c8 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">augmen<span class=\"__6 _342\"></span>te. P<span class=\"__6 _342\"></span>our l'<span class=\"__6 _342\"></span>approch<span class=\"__6 _342\"></span>e par </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4c9 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">inves<span class=\"__6 _342\"></span>tissement en titr<span class=\"__6 _342\"></span>es de dette e<span class=\"__6 _342\"></span>st g\u00e9n\u00e9ralem<span class=\"__6 _342\"></span>ent d\u00e9riv\u00e9e d'un<span class=\"__6 _336\"></span>e ana<span class=\"__6 _342\"></span>lyse de rendem<span class=\"__6 _336\"></span>ent<span class=\"__6 _336\"></span> </td><td class=\"t_6 m0_6 x30f hd_6 y4c9 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">le ren<span class=\"__6 _336\"></span>demen<span class=\"__6 _336\"></span>t d'un inve<span class=\"__6 _336\"></span>stissem<span class=\"__6 _342\"></span>ent </td><td class=\"t_6 m0_6 x310 hd_6 y4c9 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">le ren<span class=\"__6 _336\"></span>demen<span class=\"__6 _336\"></span>t, plus le r<span class=\"__6 _342\"></span>endement<span class=\"__6 _342\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4ca ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">tena<span class=\"__6 _342\"></span>nt comp<span class=\"__6 _342\"></span>te de la qualit<span class=\"__6 _342\"></span>\u00e9 du cr\u00e9dit, d<span class=\"__6 _342\"></span>u coupon et de l'<span class=\"__6 _342\"></span>\u00e9ch\u00e9an<span class=\"__6 _336\"></span>ce, ain<span class=\"__6 _342\"></span>si que de l'a<span class=\"__6 _336\"></span>pplica<span class=\"__6 _342\"></span>tion </td><td class=\"t_6 m0_6 x30f hd_6 y4ca ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">en titre<span class=\"__6 _342\"></span>s de dette, le r<span class=\"__6 _342\"></span>endement </td><td class=\"t_6 m0_6 x310 hd_6 y4ca ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">est \u00e9le<span class=\"__6 _342\"></span>v\u00e9, plus l<span class=\"__6 _342\"></span>a just<span class=\"__6 _342\"></span>e valeur es<span class=\"__6 _342\"></span>t </td></tr><tr><td></td><td class=\"t_6 m0_6 x30e hd_6 y4cb ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">du principe de ca<span class=\"__6 _342\"></span>librage (appr<span class=\"__6 _336\"></span>oche pa<span class=\"__6 _342\"></span>r le rendemen<span class=\"__6 _342\"></span>t).<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x30f hd_6 y4cb ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">est c<span class=\"__6 _336\"></span>onsid\u00e9r<span class=\"__6 _342\"></span>\u00e9 comme une </td><td class=\"t_6 m0_6 x310 hd_6 y4cb ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">faible.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x30f hd_6 y4cc ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">donn\u00e9e non ob<span class=\"__6 _342\"></span>ser<span class=\"__6 _343\"></span>vable.<span class=\"__6 _341\"> </span></td><td></td></tr></table>M\u00e9thode a<span class=\"__6 _342\"></span>ppliqu\u00e9e pour allouer la ju<span class=\"__6 _342\"></span>ste v<span class=\"__6 _342\"></span>aleur es<span class=\"__6 _342\"></span>tim\u00e9e des capita<span class=\"__6 _342\"></span>ux propre<span class=\"__6 _342\"></span>s aux diff\u00e9ren<span class=\"__6 _342\"></span>tes c<span class=\"__6 _336\"></span>la<span class=\"__6 _342\"></span>sses d\u2019<span class=\"__6 _342\"></span>action<span class=\"__6 _342\"></span>s en fonc<span class=\"__6 _336\"></span>tion de leur<span class=\"__6 _342\"></span>s droits r<span class=\"__6 _342\"></span>espectifs<table class=\"s_1 w208 h30_2\" id=\"_7cffa761-c8e4-4444-967a-9a9cf764a2e2\"><tr><td class=\"c_1 n_1 xe7_4 y4a1 w209 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">TECHNIQUE D\u2019\u00c9V<span class=\"__6 _342\"></span>AL<span class=\"__6 _342\"></span>UA<span class=\"__6 _342\"></span>TION<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x316 y4a1 w20a h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">UTILI<span class=\"__6 _336\"></span>SA<span class=\"__6 _335\"></span>TION DE LA TE<span class=\"__6 _342\"></span>CHNIQU<span class=\"__6 _336\"></span>E<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 x246 hc_6 y4a2 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">DONN\u00c9ES NON OBSERVABL<span class=\"__6 _342\"></span>ES<span class=\"ls2_6 ws0_6\"> </span></td><td class=\"t_6 m0_6 x317 hc_6 y4a2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">LI<span class=\"__6 _336\"></span>ENS E<span class=\"__6 _342\"></span>NTRE DONN\u00c9E<span class=\"__6 _342\"></span>S NON OBS<span class=\"__6 _342\"></span>ERV<span class=\"__6 _342\"></span>ABL<span class=\"__6 _342\"></span>ES ET LA </td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x246 hc_6 y4a3 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws57_4\">IMPORT<span class=\"__6 _342\"></span>ANT<span class=\"__6 _343\"></span>ES<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x317 hc_6 y4a3 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">JUS<span class=\"__6 _342\"></span>TE V<span class=\"__6 _342\"></span>ALEUR<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x317 hd_6 y4a4 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Une augmen<span class=\"__6 _342\"></span>tation de l<span class=\"__6 _342\"></span>a volatilit<span class=\"__6 _336\"></span>\u00e9 peut soit<span class=\"__6 _342\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x318 hd_6 y4a5 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Appliqu\u00e9 pour le<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9s o<span class=\"__6 _342\"></span>\u00f9 les droits e<span class=\"__6 _342\"></span>t </td><td class=\"t_6 m0_6 x246 hd_6 y4a6 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">V<span class=\"__6 _342\"></span>olatilit<span class=\"__6 _342\"></span>\u00e9.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x317 hd_6 y4a6 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">augmen<span class=\"__6 _342\"></span>ter soit diminuer la j<span class=\"__6 _342\"></span>ust<span class=\"__6 _336\"></span>e vale<span class=\"__6 _342\"></span>ur en fonction<span class=\"__6 _342\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x318 hd_6 y4a7 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">les pr<span class=\"__6 _342\"></span>\u00e9f\u00e9ren<span class=\"__6 _336\"></span>ces pe<span class=\"__6 _336\"></span>uven<span class=\"__6 _342\"></span>t dif<span class=\"__6 _343\"></span>f\u00e9r<span class=\"__6 _336\"></span>er de mani<span class=\"__6 _336\"></span>\u00e8re<span class=\"__6 _336\"></span> </td><td></td><td class=\"t_6 m0_6 x317 hd_6 y4a8 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">des cla<span class=\"__6 _342\"></span>sses d'<span class=\"__6 _342\"></span>actions d\u00e9<span class=\"__6 _342\"></span>tenues.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td class=\"t_6 m0_6 x318 hd_6 y4a9 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">significa<span class=\"__6 _342\"></span>tive entr<span class=\"__6 _342\"></span>e les cat<span class=\"__6 _336\"></span>\u00e9gories d'<span class=\"__6 _342\"></span>action<span class=\"__6 _342\"></span>s. <span class=\"ls2_6\"> </span></td><td></td><td class=\"t_6 m0_6 x317 hd_6 y4aa ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Une augmen<span class=\"__6 _342\"></span>tation d<span class=\"__6 _342\"></span>u temps j<span class=\"__6 _342\"></span>usqu'<span class=\"__6 _342\"></span>\u00e0 l'e<span class=\"__6 _342\"></span>xpirati<span class=\"__6 _336\"></span>on </td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y4ab ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">M\u00e9thode d'<span class=\"__6 _342\"></span>\u00e9v<span class=\"__6 _342\"></span>alua<span class=\"__6 _342\"></span>tion des option<span class=\"__6 _342\"></span>s </td><td class=\"t_6 m0_6 x318 hd_6 y4ac ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Appliqu\u00e9 lors<span class=\"__6 _342\"></span>qu'il est applica<span class=\"__6 _342\"></span>ble et pertinent (par<span class=\"__6 _342\"></span> </td><td class=\"t_6 m0_6 x246 hd_6 y4ac ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9lai d'<span class=\"__6 _342\"></span>expir<span class=\"__6 _342\"></span>ation (par e<span class=\"__6 _342\"></span>xemple, m<span class=\"__6 _342\"></span>oment de la </td><td class=\"t_6 m0_6 x317 hd_6 y4ab ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">peut soit a<span class=\"__6 _342\"></span>ugmenter so<span class=\"__6 _342\"></span>it diminuer la ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _336\"></span>ur </td></tr><tr><td></td><td class=\"t_6 m0_6 x318 hd_6 y4ad ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">ex<span class=\"__6 _342\"></span>emple, il exis<span class=\"__6 _342\"></span>te des dro<span class=\"__6 _342\"></span>its et des pr\u00e9<span class=\"__6 _342\"></span>f\u00e9renc<span class=\"__6 _342\"></span>es </td><td class=\"t_6 m0_6 x246 hd_6 y4ad ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">sortie ou \u00e9v<span class=\"__6 _342\"></span>\u00e9nement de liq<span class=\"__6 _336\"></span>uidit\u00e9).<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x317 hd_6 y4ae ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">en fon<span class=\"__6 _336\"></span>ction des c<span class=\"__6 _342\"></span>lasses d'<span class=\"__6 _342\"></span>action<span class=\"__6 _342\"></span>s d\u00e9tenues<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td class=\"t_6 m0_6 x318 hd_6 y4af ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">diff\u00e9ren<span class=\"__6 _342\"></span>ts pour cha<span class=\"__6 _342\"></span>que cat\u00e9gorie d'<span class=\"__6 _342\"></span>action<span class=\"__6 _342\"></span>s et les </td><td></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x318 hd_6 y4b0 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">act<span class=\"__6 _336\"></span>eurs d<span class=\"__6 _342\"></span>u march<span class=\"__6 _342\"></span>\u00e9 tiennent com<span class=\"__6 _342\"></span>pte de ces d<span class=\"__6 _336\"></span>roit<span class=\"__6 _342\"></span>s </td><td></td><td class=\"t_6 m0_6 x317 hd_6 y4b1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Une augmen<span class=\"__6 _342\"></span>tation d<span class=\"__6 _342\"></span>u taux d'int<span class=\"__6 _336\"></span>\u00e9r\u00ea<span class=\"__6 _336\"></span>t peut soit<span class=\"__6 _342\"></span> </td></tr><tr><td></td><td class=\"t_6 m0_6 x318 hd_6 y4b2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">et pr<span class=\"__6 _342\"></span>\u00e9f\u00e9ren<span class=\"__6 _336\"></span>ces).<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x246 hd_6 y4b3 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>aux d'in<span class=\"__6 _342\"></span>t\u00e9r\u00ea<span class=\"__6 _342\"></span>t en devise locale<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x317 hd_6 y4b3 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">augmen<span class=\"__6 _342\"></span>ter soit diminuer la j<span class=\"__6 _342\"></span>ust<span class=\"__6 _336\"></span>e vale<span class=\"__6 _342\"></span>ur en fonction<span class=\"__6 _342\"></span> </td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x317 hd_6 y4b4 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">des cla<span class=\"__6 _342\"></span>sses d'<span class=\"__6 _342\"></span>actions d\u00e9<span class=\"__6 _342\"></span>tenues.<span class=\"__6 _341\"> </span></td></tr></table>2.4 JUS<span class=\"__6 _342\"></span>TE V<span class=\"__6 _335\"></span>AL<span class=\"__6 _336\"></span>EUR DU T<span class=\"__6 _342\"></span>O<span class=\"__6 _342\"></span>T<span class=\"__6 _344\"></span>AL DU PO<span class=\"__6 _342\"></span>RTEFEU<span class=\"__6 _336\"></span>IL<span class=\"__6 _342\"></span>LE<span class=\"__6 _335\"></span> <span class=\"__6 _a_5\"></span><span class=\"ls2_6\"> </span>D\u2019<span class=\"__6 _342\"></span>INVE<span class=\"__6 _342\"></span>STIS<span class=\"__6 _342\"></span>SEME<span class=\"__6 _342\"></span>NT EN TRAN<span class=\"__6 _342\"></span>SP<span class=\"__6 _335\"></span>AR<span class=\"__6 _336\"></span>EN<span class=\"__6 _336\"></span>CE<span class=\"__6 _341\"> </span><table class=\"s_1 w20c h32_2\" id=\"_975afa88-235d-4ee7-8cc9-28f8f73bef23\"><tr><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x2c4 hb_6 y4cd ff4_6 fs5_6 fc0_6 sc0_6 ls2_6 ws29_6\">EN MILLIER<span class=\"__6 _342\"></span>S E<span class=\"__6 _343\"></span>UR<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td class=\"t_6 m0_6 x319 hc_6 y4ce ff4_6 fs6_6 fc2_6 sc0_6 ls1a_6 ws87\">TOT<span class=\"__6 _342\"></span>A<span class=\"__6 _343\"></span>L<span class=\"__6 _343\"></span> AU<span class=\"__6 _343\"></span> </td><td class=\"c_1 n_1 x31a y4cf w20d h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">NIVEA<span class=\"__6 _342\"></span>U 1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x31b y4cf w20e h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">NIVEA<span class=\"__6 _342\"></span>U 2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x31c y4cf w20f h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">NIVEA<span class=\"__6 _342\"></span>U 3<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td class=\"t_6 m0_6 x31d hc_6 y4d0 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">31/12/<span class=\"__6 _342\"></span>20<span class=\"__6 _336\"></span>25<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 xe7_4 y4d1 w210 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">P<span class=\"__6 _342\"></span>ortefe<span class=\"__6 _336\"></span>uille d\u2019inves<span class=\"__6 _342\"></span>tissement</div><div class=\"t_6 m0_6 x31e h14_6 y3b2_2 ff3_6 fs8_6 fc1_6 sc0_6 ls41_4 ws88\"><span class=\"__6 gsed\"> </span>1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x31f y4d1 w211 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _336\"></span>509<span class=\"__6 _342\"></span>.358<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x320 y4d1 w212 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">35<span class=\"__6 _342\"></span>1.<span class=\"__6 _342\"></span>135<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x321 y4d1 w213 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">19<span class=\"__6 _342\"></span>.414<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x322 y4d1 w214 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _335\"></span>138.809<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y4d2 w73_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofina Dir<span class=\"__6 _342\"></span>ect<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x323 y4d2 w215 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5.616<span class=\"__6 _342\"></span>.0<span class=\"__6 _336\"></span>29<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x324 y4d2 w216 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">35<span class=\"__6 _342\"></span>1.<span class=\"__6 _342\"></span>135<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x325 y4d2 w213 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">19<span class=\"__6 _342\"></span>.414<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x326 y4d2 w217 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5.2<span class=\"__6 _342\"></span>45.480<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y4d3 w7_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x327 y4d3 w218 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.95<span class=\"__6 _342\"></span>3.850<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x328 y4d3 w219 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls42_4 ws89\">283<span class=\"__6 _343\"></span>.<span class=\"__6 _343\"></span>31<span class=\"__6 _343\"></span>8<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x329 y4d3 w4_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x32a y4d3 w21a h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.6<span class=\"__6 _342\"></span>70<span class=\"__6 _342\"></span>.532<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y4d4 w9_1 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x32b y4d4 w1c6 h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.662.<span class=\"__6 _335\"></span>179<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x32c y4d4 w21b h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1d_6 ws31_6\">6<span class=\"__6 _2f_4\"></span>7.<span class=\"__6 _a_5\"></span>8<span class=\"__6 _2f_4\"></span>1<span class=\"__6 _2f_4\"></span>7<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x32d y4d4 w21c h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">19<span class=\"__6 _342\"></span>.414<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x32e y4d4 w21d h1c_6\"><div class=\"t_6 m0_6 xe6_4 he_6 y38e_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.<span class=\"__6 _336\"></span>5<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>4.94<span class=\"__6 _342\"></span>8<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y4d5 w7d_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofina F<span class=\"__6 _342\"></span>onds P<span class=\"__6 _342\"></span>riv\u00e9s<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x32f y4d5 w23_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4.89<span class=\"__6 _342\"></span>3.32<span class=\"__6 _342\"></span>9<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x330 y4d5 w21e h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x331 y4d5 w4_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x332 y4d5 w23_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4.89<span class=\"__6 _342\"></span>3.32<span class=\"__6 _342\"></span>9<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td class=\"t_6 m0_6 x319 hc_6 y4d6 ff4_6 fs6_6 fc2_6 sc0_6 ls1a_6 ws87\">TOT<span class=\"__6 _342\"></span>A<span class=\"__6 _343\"></span>L<span class=\"__6 _343\"></span> AU<span class=\"__6 _343\"></span> </td><td class=\"c_1 n_1 x31a y4d7 w20d h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">NIVEA<span class=\"__6 _342\"></span>U 1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x31b y4d7 w20e h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">NIVEA<span class=\"__6 _342\"></span>U 2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x31c y4d7 w20f h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">NIVEA<span class=\"__6 _342\"></span>U 3<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td class=\"t_6 m0_6 x31d hc_6 y4d8 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">31/12/<span class=\"__6 _342\"></span>20<span class=\"__6 _336\"></span>2<span class=\"__6 _342\"></span>4<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f7_2 w21f h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">P<span class=\"__6 _342\"></span>ortefe<span class=\"__6 _336\"></span>uille d\u2019inves<span class=\"__6 _342\"></span>tissement<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x333 y3f7_2 w220 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _342\"></span>054.258<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x334 y3f7_2 w221 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">491.443<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x335 y3f7_2 w4_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x336 y3f7_2 w222 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">9<span class=\"__6 _342\"></span>.562.815<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f8_2 w73_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofina Dir<span class=\"__6 _342\"></span>ect<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x337 y3f8_2 w74_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5.33<span class=\"__6 _342\"></span>1.222<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x338 y3f8_2 w221 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">491.443<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x339 y3f8_2 w21e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x33a y3f8_2 w223 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4.839<span class=\"__6 _342\"></span>.<span class=\"__6 _342\"></span>779<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y4d9 w7_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">In<span class=\"__6 _342\"></span>ves<span class=\"__6 _342\"></span>tissem<span class=\"__6 _342\"></span>ents minorit<span class=\"__6 _342\"></span>aires \u00e0 long terme<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x33b y4d9 w1ea h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls29_6 ws3f_4\">3.06<span class=\"__6 _343\"></span>9.332<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x33c y4d9 w224 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">441.2<span class=\"__6 _342\"></span>19<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x33d y4d9 w21e h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x33e y4d9 wec_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.62<span class=\"__6 _342\"></span>8.<span class=\"__6 _342\"></span>113<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xed_4 y4da w9_1 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofin<span class=\"__6 _342\"></span>a Crois<span class=\"__6 _342\"></span>sance<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x33f y4da w225 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.26<span class=\"__6 _342\"></span>1.889<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x340 y4da w226 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">50.<span class=\"__6 _343\"></span>224<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x341 y4da w21e h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x342 y4da w227 h21_4\"><div class=\"t_6 m0_6 xe6_4 he_6 y3a0_2 ff7_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.2<span class=\"__6 _342\"></span>11.665<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w7d_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofina F<span class=\"__6 _342\"></span>onds P<span class=\"__6 _342\"></span>riv\u00e9s<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x32f y398_2 w7e_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls29_6 ws3f_4\">4.723.036<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x343 y398_2 w21e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x344 y398_2 w21e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x345 y398_2 w228 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls29_6 ws3f_4\">4<span class=\"__6 _343\"></span>.723.036<span class=\"__6 _341\"> </span></div></td></tr></table>L<span class=\"__6 _342\"></span>e por<span class=\"__6 _343\"></span>tef<span class=\"__6 _342\"></span>euille sous-j<span class=\"__6 _342\"></span>acent de<span class=\"__6 _336\"></span>s fon<span class=\"__6 _342\"></span>ds d\u00e9tenu<span class=\"__6 _342\"></span>s dans So<span class=\"__6 _342\"></span>fina Fon<span class=\"__6 _342\"></span>ds Priv<span class=\"__6 _336\"></span>\u00e9s es<span class=\"__6 _342\"></span>t compos\u00e9 d\u2019<span class=\"__6 _335\"></span>actifs cot<span class=\"__6 _342\"></span>\u00e9s et non c<span class=\"__6 _336\"></span>ot<span class=\"__6 _336\"></span>\u00e9s. La j<span class=\"__6 _342\"></span>ust<span class=\"__6 _342\"></span>e valeur de<span class=\"__6 _342\"></span>s actifs cot<span class=\"__6 _342\"></span>\u00e9s 2 <span class=\"__6 _2f_4\"></span>est <span class=\"__6 _2f_4\"></span>estim\u00e9e <span class=\"__6 _343\"></span>\u00e0 <span class=\"__6 _a_5\"></span>447<span class=\"__6 _335\"></span>.22<span class=\"__6 _342\"></span>4<span class=\"__6 gs2c\"> </span><span class=\"__6 _2f_4\"></span>milliers <span class=\"__6 _343\"></span>EUR <span class=\"__6 _a_5\"></span>au 31/12/<span class=\"__6 _342\"></span>20<span class=\"__6 _342\"></span>25 et 443.<span class=\"__6 _342\"></span>07<span class=\"__6 _342\"></span>3<span class=\"__6 gs2c\"> </span>milliers EUR au 3<span class=\"__6 _342\"></span>1/12/2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>4.<span class=\"__6 _341\"> </span>Au co<span class=\"__6 _336\"></span>urs de l\u2019<span class=\"__6 _335\"></span>ex<span class=\"__6 _342\"></span>ercic<span class=\"__6 _342\"></span>e, notr<span class=\"__6 _342\"></span>e participati<span class=\"__6 _342\"></span>on Ked<span class=\"__6 _336\"></span>aar<span class=\"__6 _342\"></span>a Norfolk Holdings (L<span class=\"__6 _342\"></span>ensk<span class=\"__6 _342\"></span>art) a \u00e9t\u00e9 tr<span class=\"__6 _342\"></span>ansf<span class=\"__6 _342\"></span>\u00e9<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span>r\u00e9e d<span class=\"__6 _342\"></span>u niveau 3 ver<span class=\"__6 _342\"></span>s le niveau 2 et no<span class=\"__6 _342\"></span>tre participa<span class=\"__6 _342\"></span>tion Pine Lab<span class=\"__6 _342\"></span>s a \u00e9t\u00e9 tra<span class=\"__6 _342\"></span>nsf\u00e9r<span class=\"__6 _342\"></span>\u00e9e du nivea<span class=\"__6 _336\"></span>u 3 ver<span class=\"__6 _342\"></span>s le niveau 1.<span class=\"__6 _341\"> </span>Ana<span class=\"__6 _336\"></span>lyse de sen<span class=\"__6 _342\"></span>sibilit\u00e9 du nivea<span class=\"__6 _342\"></span>u 3 <span class=\"__6 _349\"> </span> <span class=\"__6 _10d\"> </span> L<span class=\"__6 _342\"></span>e niveau 3 es<span class=\"__6 _342\"></span>t compos\u00e9 de titr<span class=\"__6 _342\"></span>es non cot<span class=\"__6 _342\"></span>\u00e9s soumis a<span class=\"__6 _342\"></span>u risque de prix, qui est n<span class=\"__6 _342\"></span>\u00e9anmoin<span class=\"__6 _342\"></span>s amo<span class=\"__6 _342\"></span>indri par la gr<span class=\"__6 _342\"></span>ande diver<span class=\"__6 _342\"></span>sit\u00e9 d\u2019inves<span class=\"__6 _342\"></span>tissemen<span class=\"__6 _342\"></span>ts r\u00e9ali<span class=\"__6 _342\"></span>s\u00e9s par le gr<span class=\"__6 _342\"></span>oupe Sofina. L<span class=\"__6 _342\"></span>\u2019<span class=\"__6 _335\"></span>objectif de cr<span class=\"__6 _342\"></span>\u00e9ation de va<span class=\"__6 _342\"></span>leur \u00e0 long term<span class=\"__6 _342\"></span>e poursuivi par le gr<span class=\"__6 _342\"></span>oupe Sofina c<span class=\"__6 _336\"></span>ontrib<span class=\"__6 _342\"></span>ue <span class=\"__6 _343\"></span>\u00e9galemen<span class=\"__6 _342\"></span>t \u00e0 att<span class=\"__6 _342\"></span>\u00e9nuer ce risque<span class=\"__6 _342\"></span>. Au nivea<span class=\"__6 _342\"></span>u des inves<span class=\"__6 _336\"></span>tissem<span class=\"__6 _336\"></span>ent<span class=\"__6 _342\"></span>s dans de<span class=\"__6 _342\"></span>s fonds de ca<span class=\"__6 _336\"></span>pita<span class=\"__6 _336\"></span>l-risque e<span class=\"__6 _336\"></span>t de capit<span class=\"__6 _336\"></span>al-d\u00e9<span class=\"__6 _336\"></span>veloppemen<span class=\"__6 _342\"></span>t de Sofina F<span class=\"__6 _342\"></span>onds P<span class=\"__6 _342\"></span>riv\u00e9s<span class=\"__6 _336\"></span>, les Ges<span class=\"__6 _342\"></span>tionnaire<span class=\"__6 _342\"></span>s peuvent s<span class=\"__6 _336\"></span>e d\u00e9cider plu<span class=\"__6 _342\"></span>s rapidem<span class=\"__6 _342\"></span>ent pour modifi<span class=\"__6 _342\"></span>er un \u00e9ca<span class=\"__6 _336\"></span>rt n\u00e9gatif<span class=\"__6 _342\"></span>. L<span class=\"__6 _342\"></span>e risque de ma<span class=\"__6 _336\"></span>rc<span class=\"__6 _336\"></span>h\u00e9 peut a<span class=\"__6 _342\"></span>ussi av<span class=\"__6 _342\"></span>oir un impact su<span class=\"__6 _336\"></span>r les titr<span class=\"__6 _342\"></span>es non cot<span class=\"__6 _342\"></span>\u00e9s de fa\u00e7on in<span class=\"__6 _342\"></span>direct<span class=\"__6 _336\"></span>e par r<span class=\"__6 _342\"></span>apport aux titres c<span class=\"__6 _342\"></span>ot\u00e9s sur le<span class=\"__6 _342\"></span>s mar<span class=\"__6 _336\"></span>ch\u00e9<span class=\"__6 _336\"></span>s bour<span class=\"__6 _336\"></span>siers<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span>En o<span class=\"__6 _336\"></span>utre<span class=\"__6 _342\"></span>, le risque de liquidit<span class=\"__6 _342\"></span>\u00e9 a un impact plu<span class=\"__6 _342\"></span>s importan<span class=\"__6 _336\"></span>t sur les titr<span class=\"__6 _342\"></span>es non co<span class=\"__6 _336\"></span>t\u00e9s q<span class=\"__6 _342\"></span>ue sur les titre<span class=\"__6 _342\"></span>s cot\u00e9<span class=\"__6 _342\"></span>s et ceci peut en<span class=\"__6 _342\"></span>tra\u00eener une difficult<span class=\"__6 _342\"></span>\u00e9 \u00e0 en estimer la v<span class=\"__6 _336\"></span>aleu<span class=\"__6 _336\"></span>r<span class=\"__6 _342\"></span>. Ce risq<span class=\"__6 _336\"></span>ue peut a<span class=\"__6 _342\"></span>voir un impac<span class=\"__6 _342\"></span>t sur la p\u00e9riode de d\u00e9ten<span class=\"__6 _342\"></span>tion des titr<span class=\"__6 _342\"></span>es non co<span class=\"__6 _336\"></span>t\u00e9s ain<span class=\"__6 _342\"></span>si que sur le prix de sortie. Il e<span class=\"__6 _336\"></span>st difficile de chiffrer l\u2019in<span class=\"__6 _342\"></span>fluence de ce<span class=\"__6 _342\"></span>s risques sur les titr<span class=\"__6 _342\"></span>es non co<span class=\"__6 _342\"></span>t\u00e9s du niv<span class=\"__6 _342\"></span>eau 3.<span class=\"__6 _341\"> </span>1 <span class=\"__6 _346\"> </span> V<span class=\"__6 _342\"></span>ous tro<span class=\"__6 _336\"></span>uver<span class=\"__6 _336\"></span>ez des inf<span class=\"__6 _342\"></span>ormation<span class=\"__6 _342\"></span>s sur le por<span class=\"__6 _343\"></span>tef<span class=\"__6 _336\"></span>euille d\u2019inve<span class=\"__6 _336\"></span>stissem<span class=\"__6 _342\"></span>ent figuran<span class=\"__6 _342\"></span>t au bilan au 3<span class=\"__6 _342\"></span>1 d\u00e9cembre 2<span class=\"__6 _342\"></span>025 s<span class=\"__6 _336\"></span>ous le poin<span class=\"__6 _342\"></span>t 2.<span class=\"__6 _342\"></span>1 ci-dessus.<span class=\"__6 _341\"> </span>2 <span class=\"__6 _347\"> </span>  <span class=\"__6 _340\"></span>Estim\u00e9 sur ba<span class=\"__6 _336\"></span>se des in<span class=\"__6 _336\"></span>forma<span class=\"__6 _342\"></span>tions disponibles f<span class=\"__6 _342\"></span>ournies par les Ge<span class=\"__6 _342\"></span>stionnaires<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span>Ana<span class=\"__6 _336\"></span>lyse de sen<span class=\"__6 _342\"></span>sibilit\u00e9 du portef<span class=\"__6 _342\"></span>euille d\u2019investi<span class=\"__6 _342\"></span>ssemen<span class=\"__6 _342\"></span>t en tran<span class=\"__6 _342\"></span>sparen<span class=\"__6 _336\"></span>ce de nive<span class=\"__6 _336\"></span>au 3 au 3<span class=\"__6 _342\"></span>1 d\u00e9cembr<span class=\"__6 _342\"></span>e 20<span class=\"__6 _342\"></span>25<table class=\"s_1 w229 h33_2\" id=\"_2d010753-51a7-48de-a4eb-0990643fabb3\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x346 hb_6 y4db ff4_6 fs5_6 fc0_6 sc0_6 ls43_4 ws8f\">EN MILLIONS EUR<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x347 hc_6 y4dc ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">M\u00c9THODE </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hc_6 y4dd ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">TECHNIQUE </td><td class=\"t_6 m0_6 x348 hc_6 y4dd ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">JUS<span class=\"__6 _342\"></span>TE<span class=\"ls2_6 ws0_6\"> </span></td><td class=\"t_6 m0_6 x150_1 hc_6 y4dd ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">D'\u00c9V<span class=\"__6 _335\"></span>AL<span class=\"__6 _342\"></span>UA<span class=\"__6 _335\"></span>TION </td><td class=\"t_6 m0_6 x2c9 hc_6 y4dd ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">DONN\u00c9ES NON OBSERVABL<span class=\"__6 _342\"></span>ES<span class=\"ls2_6 ws0_6\"> </span></td><td></td><td class=\"t_6 m0_6 x349 hc_6 y4de ff4_6 fs6_6 fc2_6 sc0_6 ls24_6 ws3a_4\">SENSIBILIT\u00c9<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x34a hc_6 y4dd ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">IMP<span class=\"__6 _342\"></span>A<span class=\"__6 _342\"></span>CT </td><td class=\"t_6 m0_6 x34b hc_6 y4de ff4_6 fs6_6 fc2_6 sc0_6 ls24_6 ws3a_4\">SENSIBILIT\u00c9<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x34c hc_6 y4dd ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">IMP<span class=\"__6 _342\"></span>A<span class=\"__6 _342\"></span>CT </td></tr><tr><td class=\"t_6 m0_6 xde_4 hc_6 y4df ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">D\u2019\u00c9V<span class=\"__6 _342\"></span>ALUA<span class=\"__6 _335\"></span>TION<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x34d hc_6 y4df ff4_6 fs6_6 fc2_6 sc0_6 ls27_6 ws3d_4\">VA<span class=\"__6 _343\"></span>L<span class=\"__6 _2f_4\"></span>E<span class=\"__6 _2f_4\"></span>U<span class=\"__6 _2f_4\"></span>R<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x34e hc_6 y4df ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">DES OPTIONS </td><td class=\"t_6 m0_6 x2c9 hc_6 y4df ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">(MOYENNE PON<span class=\"__6 _343\"></span>D\u00c9R\u00c9E)<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 x34a hc_6 y4df ff4_6 fs6_6 fc2_6 sc0_6 ls27_6 ws3d_4\">VA<span class=\"__6 _343\"></span>L<span class=\"__6 _2f_4\"></span>E<span class=\"__6 _2f_4\"></span>U<span class=\"__6 _2f_4\"></span>R<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 x34c hc_6 y4df ff4_6 fs6_6 fc2_6 sc0_6 ls27_6 ws3d_4\">VA<span class=\"__6 _343\"></span>L<span class=\"__6 _2f_4\"></span>E<span class=\"__6 _2f_4\"></span>U<span class=\"__6 _2f_4\"></span>R<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x34f hc_6 y4e0 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws57_4\">APPLIQU\u00c9E<span class=\"__6 _343\"></span>?<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x350 y4e1 w22a h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Co\u00fbt d<span class=\"__6 _342\"></span>u capital is<span class=\"__6 _342\"></span>su de la calibra<span class=\"__6 _342\"></span>tion entr<span class=\"__6 _342\"></span>e 8% et 14% (13%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x351 y4e1 w22b h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x352 y4e1 w22c h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-113\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x353 y4e1 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x354 y4e1 w22e h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls3e_4 ws84\">121\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y4e2 w22f h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Disco<span class=\"__6 _336\"></span>unt<span class=\"__6 _342\"></span>ed Cash Flo<span class=\"__6 _336\"></span>w model<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x355 y4e2 w230 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.<span class=\"__6 _342\"></span>786<span class=\"__6 _342\"></span><span class=\"__6 gs3f\"> </span><span class=\"__6 _1f_4\"> </span></div></td><td class=\"c_1 n_1 x356 y4e2 w231 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x350 y4e2 w232 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>aux de c<span class=\"__6 _342\"></span>roissa<span class=\"__6 _342\"></span>nce perp\u00e9tuel (plu<span class=\"__6 _342\"></span>s appliqu\u00e9)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x357 y4e2 w233 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x358 y4e2 w234 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x359 y4e2 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x35a y4e2 w234 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x350 y4e3 w235 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple de sortie entr<span class=\"__6 _342\"></span>e 6,3x e<span class=\"__6 _336\"></span>t 16,<span class=\"__6 _342\"></span>6x (12,6x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x35b y4e3 w22b h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x35c y4e3 w236 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1e_6 ws32_6\">178\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x35d y4e3 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x35e y4e3 w237 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-178\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x350 y4e4 w238 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n des rev<span class=\"__6 _342\"></span>enus des soci\u00e9<span class=\"__6 _342\"></span>t\u00e9s compa<span class=\"__6 _342\"></span>rables en<span class=\"__6 _342\"></span>tre 0,<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>x et 6,<span class=\"__6 _336\"></span>3x (3,4x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x351 y4e4 w22b h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x35f y4e4 w239 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">6<span class=\"__6 _343\"></span>1\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x360 y4e4 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x361 y4e4 w23a h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls30_6 ws46_4\">-<span class=\"__6 _343\"></span>59<span class=\"__6 _343\"></span><span class=\"__6 gs3f\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x350 y4e5 w23b h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n de la marge brute de<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9<span class=\"__6 _336\"></span>s (5,6x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x35b y4e5 w22b h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x362 y4e5 w23c h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">1\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x363 y4e5 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x364 y4e5 w23d h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-1\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td class=\"c_1 n_1 x365 y4e6 w23e h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.65<span class=\"__6 _336\"></span>2\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x366 y4e6 w231 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x350 y4e6 w23f h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n de l\u2019EBITD<span class=\"__6 _342\"></span>A des soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s compa<span class=\"__6 _336\"></span>ra<span class=\"__6 _336\"></span>bles en<span class=\"__6 _342\"></span>tre 8,5x et 32,2x (17<span class=\"__6 _335\"></span>,<span class=\"__6 _336\"></span>9x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x367 y4e6 w233 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x368 y4e6 w240 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2e_6 ws44_4\">87\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x369 y4e6 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x36a y4e6 w241 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-90\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x350 y4e7 w242 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n du rev<span class=\"__6 _336\"></span>enu ne<span class=\"__6 _336\"></span>t des soci\u00e9<span class=\"__6 _342\"></span>t\u00e9s compa<span class=\"__6 _342\"></span>rables en<span class=\"__6 _342\"></span>tre 2,8x et 17<span class=\"__6 _335\"></span>,5x (16<span class=\"__6 _342\"></span>,6x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x36b y4e7 w22b h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x36c y4e7 w243 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">36\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x36d y4e7 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x36e y4e7 w244 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-36\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 x350 y4e8 w245 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9cot<span class=\"__6 _342\"></span>e issue de la calibr<span class=\"__6 _342\"></span>ation en<span class=\"__6 _342\"></span>tre 3% et 50%</div><div class=\"t_6 m0_6 x36f hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div><div class=\"t_6 m0_6 x370 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">(12%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x371 y4e8 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x372 y4e8 w246 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2e_6 ws44_4\">-<span class=\"__6 _343\"></span>23<span class=\"__6 _343\"></span><span class=\"__6 gs3f\"> </span><span class=\"__6 _350\"> </span></div></td><td class=\"c_1 n_1 x373 y4e8 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x374 y4e8 w247 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls3e_4 ws84\">25\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y4e9 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiples de ma<span class=\"__6 _342\"></span>rch\u00e9<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 x2c9 hd_6 y4ea ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n des soci\u00e9t\u00e9<span class=\"__6 _342\"></span>s compar<span class=\"__6 _336\"></span>ables en<span class=\"__6 _342\"></span>tre<span class=\"__6 _341\"> </span></td><td class=\"c_1 n_1 x375 y4eb w248 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">0,<span class=\"__6 _336\"></span>5x et 14x (6<span class=\"__6 _342\"></span>,4x)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x376 y4eb w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x377 y4eb w249 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">76<span class=\"__6 _343\"></span><span class=\"__6 gs3f\"> </span><span class=\"__6 _350\"> </span></div></td><td class=\"c_1 n_1 x378 y4eb w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x379 y4eb w24a h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-75\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x350 y4ec w24b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n de la marge brute de<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9<span class=\"__6 _336\"></span>s compa<span class=\"__6 _342\"></span>rables en<span class=\"__6 _342\"></span>tre 3x et 7<span class=\"__6 _335\"></span>,<span class=\"__6 _336\"></span>9x (6,2x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x37a y4ec w22b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x37b y4ec w24c h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">5\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x37c y4ec w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x37d y4ec w24d h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-5\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x350 y4ed w24e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n de l\u2019EBIT de<span class=\"__6 _336\"></span>s soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s compar<span class=\"__6 _342\"></span>ables (21,<span class=\"__6 _342\"></span>6x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x37e y4ed w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x37f y4ed w24f h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">2\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x380 y4ed w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x381 y4ed w250 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-<span class=\"__6 _343\"></span>2\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td class=\"c_1 n_1 x382 y4ee w251 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.3<span class=\"__6 _336\"></span>14\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x383 y4ee w252 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls36_5 ws51_4\">Oui<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 x350 y4ef w253 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9cot<span class=\"__6 _342\"></span>e issue de la calibr<span class=\"__6 _342\"></span>ation en<span class=\"__6 _342\"></span>tre 3% et 61%</div><div class=\"t_6 m0_6 x384 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">2<span class=\"__6 _341\"> </span></div><div class=\"t_6 m0_6 x385 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">(30%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x386 y4ef w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x387 y4ef w254 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2d_6 ws43_4\">-31\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x388 y4ef w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x389 y4ef w255 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">34\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x350 y4f0 w256 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">V<span class=\"__6 _342\"></span>olatilit<span class=\"__6 _342\"></span>\u00e9 entre 2<span class=\"__6 _342\"></span>3% et 78% (45%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x38a y4f0 w22b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x38b y4f0 w23c h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">1\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x38c y4f0 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x38d y4f0 w257 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-3\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x350 y4f1 w258 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9lai d\u2019<span class=\"__6 _335\"></span>expir<span class=\"__6 _336\"></span>ation en<span class=\"__6 _342\"></span>tre 1 ann<span class=\"__6 _342\"></span>\u00e9e et 10 ann\u00e9es (3 a<span class=\"__6 _342\"></span>nn\u00e9es)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x38e y4f1 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x38f y4f1 w259 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-3\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x390 y4f1 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x391 y4f1 w25a h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">3\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x350 y4f2 w25b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>aux d\u2019in<span class=\"__6 _342\"></span>t\u00e9r\u00ea<span class=\"__6 _342\"></span>t entre 0% e<span class=\"__6 _336\"></span>t 6% (3%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x351 y4f2 w22b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x392 y4f2 w25c h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-4\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x393 y4f2 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x394 y4f2 w25d h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">4\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y4f3 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws11_6\">Pr<span class=\"__6 _342\"></span>obability W<span class=\"__6 _336\"></span>eight<span class=\"__6 _342\"></span>ed Expected R<span class=\"__6 _342\"></span>eturns<span class=\"__6 _336\"></span> </td><td></td><td></td><td class=\"c_1 n_1 x350 y4f4 w25e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n des rev<span class=\"__6 _342\"></span>enus des soci\u00e9<span class=\"__6 _342\"></span>t\u00e9s (3,<span class=\"__6 _342\"></span>3x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x395 y4f4 w22b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x396 y4f4 w234 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x397 y4f4 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x398 y4f4 w234 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y4f5 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Model or Scena<span class=\"__6 _342\"></span>rio Methods (PWE<span class=\"__6 _342\"></span>RM)<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x399 he_6 y4f6 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">3\ue064<span class=\"__6 _341\"> </span></td><td class=\"c_1 n_1 x39a y4f7 w231 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x39b y4f7 w25f h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _336\"></span>n de la ma<span class=\"__6 _336\"></span>rge brute de<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9s (1,<span class=\"__6 _335\"></span>1x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x39c y4f7 w22b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x39d y4f7 w234 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x39e y4f7 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x39f y4f7 w234 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x350 y4f8 w260 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">P<span class=\"__6 _342\"></span>oids a<span class=\"__6 _342\"></span>ttribu\u00e9 aux sc\u00e9na<span class=\"__6 _336\"></span>rios n\u00e9ga<span class=\"__6 _342\"></span>tifs<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x3a0 y4f8 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3a1 y4f8 w261 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-<span class=\"__6 _343\"></span>1\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3a2 y4f8 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3a3 y4f8 w23c h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">1\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y4f9 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Actif ne<span class=\"__6 _342\"></span>t r\u00e9\u00e9va<span class=\"__6 _342\"></span>lu\u00e9 ave<span class=\"__6 _336\"></span>c actifs </td><td class=\"c_1 n_1 x3a4 y4fa w262 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4.90<span class=\"__6 _342\"></span>4\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3a5 y4fa w231 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non</div></td><td class=\"t_6 m0_6 x2c9 hd_6 y4f9 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">La ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur sur base de r<span class=\"__6 _336\"></span>apports des Ges<span class=\"__6 _342\"></span>tionnaires e<span class=\"__6 _342\"></span>st consid\u00e9r<span class=\"__6 _342\"></span>\u00e9e comme </td><td></td><td class=\"c_1 n_1 x3a6 y4fa w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3a7 y4fa w263 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">490<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3a8 y4fa w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3a9 y4fa w264 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-490\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y4fb w265 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">comp<span class=\"__6 _342\"></span>tabilis\u00e9<span class=\"__6 _336\"></span>s \u00e0 leur j<span class=\"__6 _342\"></span>uste va<span class=\"__6 _342\"></span>leur</div><div class=\"t_6 m0_6 x3aa h14_6 y395_2 ff3_6 fs8_6 fc1_6 sc0_6 ls41_4 ws88\"><span class=\"__6 gsed\"> </span>3<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"t_6 m0_6 x2c9 hd_6 y4fc ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">\u00e9ta<span class=\"__6 _336\"></span>nt un<span class=\"__6 _342\"></span>e valeur non ob<span class=\"__6 _342\"></span>ser<span class=\"__6 _343\"></span>vable.<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y4fd w266 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Milest<span class=\"__6 _342\"></span>ones appro<span class=\"__6 _336\"></span>ach<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3ab y4fd w267 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">93\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3ac y4fd w268 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3ad y4fd w269 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9cote de 2<span class=\"__6 _342\"></span>0% par pa<span class=\"__6 _342\"></span>lier (20%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"t_6 m0_6 x3ae hd_6 y4fe ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">P<span class=\"__6 _342\"></span>alie<span class=\"__6 _343\"></span>r </td><td class=\"t_6 m0_6 x3af he_6 y4ff ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0\ue064<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x3b0 hd_6 y4fe ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">P<span class=\"__6 _342\"></span>alie<span class=\"__6 _343\"></span>r </td><td class=\"t_6 m0_6 x3b1 he_6 y4ff ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0\ue064<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c_1 x3b3 y500 w26a h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">sup\u00e9rieur</div><div class=\"t_6 m0_6 x3b2 h14_6 y3b2_2 ff3_6 fs8_6 fc1_6 sc0_6 ls41_4 ws88\"><span class=\"__6 gsed\"> </span>4<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 x3b5 y500 w26b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">inf<span class=\"__6 _342\"></span>\u00e9rieur</div><div class=\"t_6 m0_6 x3b4 hf_6 y3b2_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">4<span class=\"__6 _341\"> </span></div></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y501 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Prix de l<span class=\"__6 _336\"></span>a derni\u00e8re tr<span class=\"__6 _342\"></span>ansac<span class=\"__6 _342\"></span>tion r\u00e9cen<span class=\"__6 _342\"></span>te </td><td class=\"c_1 n_1 x3b6 y502 w26c h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2d_6 ws43_4\">318\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3b7 y502 w26d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">No<span class=\"__6 _343\"></span>n<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 x2c9 hd_6 y501 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">La ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur de la derni\u00e8re tr<span class=\"__6 _342\"></span>ansacti<span class=\"__6 _342\"></span>on r\u00e9cen<span class=\"__6 _336\"></span>te es<span class=\"__6 _342\"></span>t consid\u00e9r<span class=\"__6 _342\"></span>\u00e9e comme \u00e9tan<span class=\"__6 _342\"></span>t une </td><td></td><td class=\"c_1 n_1 x3a6 y502 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3b8 y502 w26e h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">32\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3b9 y502 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3ba y502 w26f h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-32\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y503 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">(PO<span class=\"__6 _336\"></span>RI)<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 x2c9 hd_6 y503 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">vale<span class=\"__6 _342\"></span>ur non observable.<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x2c9 hd_6 y504 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">La ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur est con<span class=\"__6 _336\"></span>sid\u00e9r<span class=\"__6 _336\"></span>\u00e9e comme \u00e9t<span class=\"__6 _342\"></span>ant une v<span class=\"__6 _342\"></span>aleur non obs<span class=\"__6 _336\"></span>ervable. P<span class=\"__6 _342\"></span>our </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y505 w270 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Autr<span class=\"__6 _342\"></span>es m\u00e9thodes<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3bb y505 w271 h21_4\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">69\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3bc y505 w268 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non</div></td><td class=\"t_6 m0_6 x2c9 hd_6 y506 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">l\u2019<span class=\"__6 _342\"></span>approc<span class=\"__6 _336\"></span>he par le r<span class=\"__6 _342\"></span>endement, le r<span class=\"__6 _342\"></span>endemen<span class=\"__6 _336\"></span>t est con<span class=\"__6 _342\"></span>sid\u00e9r\u00e9 comm<span class=\"__6 _342\"></span>e une donn\u00e9e non </td><td></td><td class=\"c_1 n_1 x3a6 y505 w233 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3bd y505 w272 h21_4\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">7\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3be y505 w22d h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3bf y505 w273 h21_4\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-7\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x2c9 hd_6 y507 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">observable (4,<span class=\"__6 _342\"></span>9%).<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y508 w274 h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l du nivea<span class=\"__6 _336\"></span>u 3 (en tra<span class=\"__6 _336\"></span>nspa<span class=\"__6 _336\"></span>renc<span class=\"__6 _342\"></span>e)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3c0 y50a w275 h34_1\"><div class=\"t_6 m0_6 xe6_4 h10_6 y509 ffa_2 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _335\"></span>139\ue064<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y50b w276 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">El\u00e9men<span class=\"__6 _342\"></span>ts de r\u00e9concili<span class=\"__6 _336\"></span>ation<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3c1 y50b w277 h21_4\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff3_6 fs7_6 fc1_6 sc0_6 ls2e_6 ws44_4\">-231<span class=\"__6 _343\"></span><span class=\"__6 gs3f\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w278 h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l du nivea<span class=\"__6 _336\"></span>u 3 (\u00e9ta<span class=\"__6 _342\"></span>ts financiers)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3c2 y50c w157 h34_1\"><div class=\"t_6 m0_6 xe6_4 h10_6 y509 ffa_2 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">9.<span class=\"__6 _342\"></span>908\ue064<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>Les \u00e9l\u00e9ments de r\u00e9conciliation entr<span class=\"__6 _342\"></span>e la pr\u00e9sentation en transparence et la pr<span class=\"__6 _342\"></span>\u00e9sentation au bilan sont d\u00e9taill\u00e9s, tous niveaux c<span class=\"__6 _336\"></span>onfondus, au point 2.1 ci-dessus.<span class=\"__6 _341\"> </span>1 <span class=\"__6 _346\"> </span> Da<span class=\"__6 _336\"></span>ns certain<span class=\"__6 _342\"></span>s cas, une sur<span class=\"__6 _342\"></span>cote es<span class=\"__6 _342\"></span>t appliqu\u00e9e par rapport au gr<span class=\"__6 _342\"></span>oupe de soci\u00e9t\u00e9<span class=\"__6 _336\"></span>s compar<span class=\"__6 _342\"></span>ables. L<span class=\"__6 _342\"></span>es surco<span class=\"__6 _342\"></span>tes appliqu\u00e9es v<span class=\"__6 _342\"></span>arient en<span class=\"__6 _336\"></span>tre 18% e<span class=\"__6 _336\"></span>t 72% (moy<span class=\"__6 _342\"></span>enne pond\u00e9r\u00e9e de 43%). D<span class=\"__6 _336\"></span>ans c<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>tains ca<span class=\"__6 _342\"></span>s excep<span class=\"__6 _342\"></span>tionnels, la d\u00e9cot<span class=\"__6 _342\"></span>e est estim\u00e9e sur l<span class=\"__6 _342\"></span>a base d\u2019<span class=\"__6 _342\"></span>autres m\u00e9thodes q<span class=\"__6 _336\"></span>ue la calibr<span class=\"__6 _342\"></span>ation. 2 <span class=\"__6 _347\"> </span>  <span class=\"__6 _340\"></span>Dans c<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>tains ca<span class=\"__6 _342\"></span>s, une surco<span class=\"__6 _342\"></span>te est appliqu\u00e9e p<span class=\"__6 _336\"></span>ar ra<span class=\"__6 _336\"></span>pport au groupe de soci<span class=\"__6 _342\"></span>\u00e9t\u00e9s compa<span class=\"__6 _342\"></span>rables. L<span class=\"__6 _342\"></span>es surco<span class=\"__6 _342\"></span>tes appliqu\u00e9e<span class=\"__6 _336\"></span>s varien<span class=\"__6 _342\"></span>t entre 2% e<span class=\"__6 _342\"></span>t 1.168% (m<span class=\"__6 _336\"></span>oyenne pond\u00e9r<span class=\"__6 _342\"></span>\u00e9e de 141%). Da<span class=\"__6 _342\"></span>ns certains ca<span class=\"__6 _342\"></span>s excep<span class=\"__6 _342\"></span>tionnels, la d\u00e9co<span class=\"__6 _336\"></span>te est e<span class=\"__6 _342\"></span>stim\u00e9e sur la base d\u2019<span class=\"__6 _342\"></span>autr<span class=\"__6 _342\"></span>es m\u00e9thodes q<span class=\"__6 _336\"></span>ue la calibr<span class=\"__6 _342\"></span>ation. 3 <span class=\"__6 _347\"> </span> Conc<span class=\"__6 _336\"></span>erne principalem<span class=\"__6 _336\"></span>ent le portef<span class=\"__6 _342\"></span>euille Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9<span class=\"__6 _336\"></span>s et de fa\u00e7<span class=\"__6 _342\"></span>on limit\u00e9e certaines participa<span class=\"__6 _342\"></span>tions de Sofina C<span class=\"__6 _342\"></span>roissa<span class=\"__6 _336\"></span>nce.<span class=\"__6 _341\"> </span>4 <span class=\"__6 _347\"> </span> Aucun pali<span class=\"__6 _336\"></span>er inf<span class=\"__6 _342\"></span>\u00e9rieur ou sup\u00e9rieur n<span class=\"__6 _336\"></span>\u2019<span class=\"__6 _342\"></span>a \u00e9t\u00e9 att<span class=\"__6 _342\"></span>eint.<span class=\"__6 _341\"> </span><div class=\"t_6 m1_6 h6_6 ff4_6 fs3_6 fc4_6 sc0_6 ls47_4 ws0_6 gs56\">Ana<span class=\"__6 _336\"></span>lyse de sen<span class=\"__6 _342\"></span>sibilit\u00e9 du portef<span class=\"__6 _342\"></span>euille d\u2019investi<span class=\"__6 _342\"></span>ssemen<span class=\"__6 _342\"></span>t en tran<span class=\"__6 _342\"></span>sparen<span class=\"__6 _336\"></span>ce de nive<span class=\"__6 _336\"></span>au 3 au 3<span class=\"__6 _342\"></span>1 d\u00e9cembr<span class=\"__6 _342\"></span>e 20<span class=\"__6 _342\"></span>2<span class=\"__6 _342\"></span>4<span class=\"__6 _341\"> </span></div><div class=\"gs107\"><table class=\"s_1 w279 h35_1\" id=\"_552a38a3-f64f-48b5-a059-0e6758e3eb2a\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x101_3 hb_6 y50d ff4_6 fs5_6 fc0_6 sc0_6 ls43_4 ws8f\">EN MILLIONS EUR<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x3c3 hc_6 y50e ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">M\u00c9THODE </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hc_6 y50f ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">TECHNIQUE </td><td class=\"t_6 m0_6 x3c4 hc_6 y50f ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">JUS<span class=\"__6 _342\"></span>TE<span class=\"ls2_6 ws0_6\"> </span></td><td class=\"t_6 m0_6 x3c5 hc_6 y50f ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">D\u2019\u00c9V<span class=\"__6 _342\"></span>ALUA<span class=\"__6 _335\"></span>TION </td><td class=\"t_6 m0_6 x3c6 hc_6 y50f ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">DONN\u00c9ES NON OBSERVABL<span class=\"__6 _342\"></span>ES<span class=\"ls2_6 ws0_6\"> </span></td><td></td><td class=\"t_6 m0_6 x3c7 hc_6 y510 ff4_6 fs6_6 fc2_6 sc0_6 ls24_6 ws3a_4\">SENSIBILIT\u00c9<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 xe2_4 hc_6 y50f ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">IMP<span class=\"__6 _342\"></span>A<span class=\"__6 _342\"></span>CT </td><td class=\"t_6 m0_6 x3c8 hc_6 y510 ff4_6 fs6_6 fc2_6 sc0_6 ls24_6 ws3a_4\">SENSIBILIT\u00c9<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x155_1 hc_6 y50f ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">IMP<span class=\"__6 _342\"></span>A<span class=\"__6 _342\"></span>CT </td></tr><tr><td class=\"t_6 m0_6 xde_4 hc_6 y511 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2f_6\">D\u2019\u00c9V<span class=\"__6 _342\"></span>ALUA<span class=\"__6 _335\"></span>TION<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x3c9 hc_6 y511 ff4_6 fs6_6 fc2_6 sc0_6 ls27_6 ws3d_4\">VA<span class=\"__6 _343\"></span>L<span class=\"__6 _2f_4\"></span>E<span class=\"__6 _2f_4\"></span>U<span class=\"__6 _2f_4\"></span>R<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x3ca hc_6 y511 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">DES OPTIONS </td><td class=\"t_6 m0_6 x3c6 hc_6 y511 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws2e_6\">(MOYENNE PON<span class=\"__6 _343\"></span>D\u00c9R\u00c9E)<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 xe2_4 hc_6 y511 ff4_6 fs6_6 fc2_6 sc0_6 ls27_6 ws3d_4\">VA<span class=\"__6 _343\"></span>L<span class=\"__6 _2f_4\"></span>E<span class=\"__6 _2f_4\"></span>U<span class=\"__6 _2f_4\"></span>R<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 x34c hc_6 y511 ff4_6 fs6_6 fc2_6 sc0_6 ls27_6 ws3d_4\">VA<span class=\"__6 _343\"></span>L<span class=\"__6 _2f_4\"></span>E<span class=\"__6 _2f_4\"></span>U<span class=\"__6 _2f_4\"></span>R<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"t_6 m0_6 x3cb hc_6 y512 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws57_4\">APPLIQU\u00c9E<span class=\"__6 _343\"></span>?<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y513 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Disco<span class=\"__6 _336\"></span>unt<span class=\"__6 _342\"></span>ed Cash Flo<span class=\"__6 _336\"></span>w </td><td></td><td></td><td class=\"c_1 n_1 x3cc y514 w27a h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Co\u00fbt d<span class=\"__6 _342\"></span>u capital is<span class=\"__6 _342\"></span>su de la calibra<span class=\"__6 _342\"></span>tion entr<span class=\"__6 _342\"></span>e 8% et 17% (13%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x3cd y514 w233 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3ce y514 w27b h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-117\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3cf y514 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3d0 y514 w27c h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls48_4 ws92\">1<span class=\"__6 _2f_4\"></span>27<span class=\"__6 _343\"></span><span class=\"__6 gs3f\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y515 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">model<span class=\"__6 _341\"> </span></td><td class=\"c_1 n_1 x2c2 y516 w27d h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.694\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3d1 y516 w231 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3cc y516 w232 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>aux de c<span class=\"__6 _342\"></span>roissa<span class=\"__6 _342\"></span>nce perp\u00e9tuel (plu<span class=\"__6 _342\"></span>s appliqu\u00e9)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x3d2 y516 w22b h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3d3 y516 w234 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3d4 y516 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3d5 y516 w234 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x3cc y517 w27e h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple de sortie entr<span class=\"__6 _342\"></span>e 8,6x et 17<span class=\"__6 _335\"></span>,2x (12,3x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x3d6 y517 w233 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3d7 y517 w27f h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">1<span class=\"__6 _343\"></span>20\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3d8 y517 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3d9 y517 w280 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-118\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x3cc y518 w281 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n des rev<span class=\"__6 _342\"></span>enus des soci\u00e9<span class=\"__6 _342\"></span>t\u00e9s compa<span class=\"__6 _342\"></span>rables en<span class=\"__6 _342\"></span>tre 0,<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>x et 17<span class=\"__6 _335\"></span>,6x (4,<span class=\"__6 _342\"></span>1x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x3da y518 w22b h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3db y518 w282 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">45\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3dc y518 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3dd y518 w283 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-45\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x3cc y519 w284 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n de la marge brute de<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9<span class=\"__6 _336\"></span>s (3,<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x3de y519 w233 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3df y519 w234 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3e0 y519 w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3e1 y519 w261 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-<span class=\"__6 _343\"></span>1\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td class=\"c_1 n_1 x2c2 y51a w285 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.899\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3e2 y51a w268 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3cc y51a w286 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n de l\u2019EBITD<span class=\"__6 _342\"></span>A des soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s compa<span class=\"__6 _336\"></span>ra<span class=\"__6 _336\"></span>bles en<span class=\"__6 _342\"></span>tre 6,4x e<span class=\"__6 _336\"></span>t 28,<span class=\"__6 _342\"></span>9x (14,5x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x3e3 y51a w233 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3e4 y51a w287 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">116\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3e5 y51a w22d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3e6 y51a w288 h1c_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-126\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x3cc y51b w289 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n du rev<span class=\"__6 _336\"></span>enu ne<span class=\"__6 _336\"></span>t des soci\u00e9<span class=\"__6 _342\"></span>t\u00e9s compa<span class=\"__6 _342\"></span>rables en<span class=\"__6 _342\"></span>tre 3<span class=\"__6 _336\"></span>,3x et 11,6x (11x<span class=\"__6 _336\"></span>)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x3e7 y51b w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3e8 y51b w28a h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">6\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3e9 y51b w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3ea y51b w28b h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-6\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 x3cc y51c w28c h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9cot<span class=\"__6 _342\"></span>e issue de la calibr<span class=\"__6 _342\"></span>ation en<span class=\"__6 _342\"></span>tre 0% et 5<span class=\"__6 _336\"></span>2%</div><div class=\"t_6 m0_6 x3eb hf_6 y3b2_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div><div class=\"t_6 m0_6 x3ec hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">(9%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x3ed y51c w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3ee y51c w28d h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls35_5 ws10_6\">-<span class=\"__6 _343\"></span>24<span class=\"__6 _343\"></span><span class=\"__6 gs3f\"> </span><span class=\"__6 _351\"> </span></div></td><td class=\"c_1 n_1 x3ef y51c w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3f0 y51c w28e h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls35_5 ws10_6\">24<span class=\"__6 _343\"></span><span class=\"__6 gs3f\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y51d ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiples de ma<span class=\"__6 _342\"></span>rch\u00e9<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 x3c6 hd_6 y51e ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n des soci\u00e9t\u00e9<span class=\"__6 _342\"></span>s compar<span class=\"__6 _336\"></span>ables en<span class=\"__6 _342\"></span>tre<span class=\"__6 _341\"> </span></td><td class=\"c_1 n_1 x3f1 y51f w28f h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">0,<span class=\"__6 _336\"></span>5x et 10<span class=\"__6 _336\"></span>,<span class=\"__6 _342\"></span>7x (5,<span class=\"__6 _335\"></span>1x)<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3f2 y51f w22b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3f3 y51f w290 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">5<span class=\"__6 _343\"></span>5\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3f4 y51f w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3f5 y51f w291 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-66\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x3cc y520 w292 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n de la marge brute de<span class=\"__6 _342\"></span>s soci\u00e9t\u00e9<span class=\"__6 _336\"></span>s compa<span class=\"__6 _342\"></span>rables en<span class=\"__6 _342\"></span>tre 6x et 6<span class=\"__6 _342\"></span>,6x (6,5x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x3f6 y520 w22b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3f7 y520 w25a h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">3\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3f8 y520 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3f9 y520 w259 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-3\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x3cc y521 w293 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Multiple m\u00e9dia<span class=\"__6 _342\"></span>n du rev<span class=\"__6 _336\"></span>enu ne<span class=\"__6 _336\"></span>t des soci\u00e9<span class=\"__6 _342\"></span>t\u00e9s compa<span class=\"__6 _342\"></span>rables en<span class=\"__6 _342\"></span>tre 16<span class=\"__6 _342\"></span>,3x et 25,<span class=\"__6 _342\"></span>9x (19,<span class=\"__6 _342\"></span>7<span class=\"__6 _342\"></span>x)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x3fa y521 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3fb y521 w24f h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">2\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3fc y521 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x3fd y521 w294 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-2\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td class=\"c_1 n_1 x3fe y522 w295 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.080<span class=\"__6 _336\"></span><span class=\"__6 gs3f\"> </span><span class=\"__6 _5d_3\"> </span></div></td><td class=\"c_1 n_1 x3ff y522 w252 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls36_5 ws51_4\">Oui<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 x3cc y522 w296 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9cot<span class=\"__6 _342\"></span>e issue de la calibr<span class=\"__6 _342\"></span>ation en<span class=\"__6 _342\"></span>tre 4% et 58%</div><div class=\"t_6 m0_6 x400 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">2<span class=\"__6 _341\"> </span></div><div class=\"t_6 m0_6 x3ec hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">(2<span class=\"__6 _342\"></span>4%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x401 y522 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x402 y522 w297 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-39<span class=\"__6 _336\"></span><span class=\"__6 gs3f\"> </span><span class=\"__6 _352\"> </span></div></td><td class=\"c_1 n_1 x403 y522 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x404 y522 w298 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1f_6 ws34_5\">28\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x3cc y523 w299 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">V<span class=\"__6 _342\"></span>olatilit<span class=\"__6 _342\"></span>\u00e9 entre 2<span class=\"__6 _342\"></span>3% et 7<span class=\"__6 _342\"></span>3% (44%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x405 y523 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x406 y523 w273 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-7\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x407 y523 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x408 y523 w24d h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-5\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x3cc y524 w29a h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9lai d\u2019<span class=\"__6 _335\"></span>expir<span class=\"__6 _336\"></span>ation en<span class=\"__6 _342\"></span>tre 0<span class=\"__6 _342\"></span>,5 ann\u00e9e et 6<span class=\"__6 _342\"></span>,6 ann\u00e9e<span class=\"__6 _342\"></span>s (3,3 ann\u00e9<span class=\"__6 _336\"></span>es)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x409 y524 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x40a y524 w29b h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-9\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x40b y524 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x40c y524 w250 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-<span class=\"__6 _343\"></span>2\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x3cc y525 w29c h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>aux d\u2019in<span class=\"__6 _342\"></span>t\u00e9r\u00ea<span class=\"__6 _342\"></span>t entre 0% e<span class=\"__6 _336\"></span>t 7% (4%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x40d y525 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x40e y525 w29d h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-<span class=\"__6 _343\"></span>8\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x40f y525 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x410 y525 w257 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-3\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y526 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Actif ne<span class=\"__6 _342\"></span>t r\u00e9\u00e9va<span class=\"__6 _342\"></span>lu\u00e9 ave<span class=\"__6 _336\"></span>c </td><td></td><td></td><td class=\"t_6 m0_6 x3c6 hd_6 y527 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">La ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur sur base de r<span class=\"__6 _336\"></span>apports des Ges<span class=\"__6 _342\"></span>tionnaires e<span class=\"__6 _342\"></span>st consid\u00e9r<span class=\"__6 _342\"></span>\u00e9e comme \u00e9ta<span class=\"__6 _342\"></span>nt </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y528 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">actifs com<span class=\"__6 _342\"></span>ptabilis<span class=\"__6 _336\"></span>\u00e9s \u00e0 leur<span class=\"__6 _342\"></span> </td><td class=\"c_1 n_1 x2c2 y529 w29e h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4.<span class=\"__6 _342\"></span>761\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x411 y529 w231 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 x3c6 hd_6 y52a ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">une va<span class=\"__6 _342\"></span>leur non observable<span class=\"__6 _342\"></span>.<span class=\"__6 _341\"> </span></td><td></td><td class=\"c_1 n_1 x412 y529 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x413 y529 w29f h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2f_6 ws45_4\">476\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x414 y529 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x415 y529 w2a0 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2f_6 ws45_4\">-<span class=\"__6 _343\"></span>47<span class=\"__6 _343\"></span>6\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y52b w2a1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws4a_4\">juste val<span class=\"__6 _343\"></span>eur</div><div class=\"t_6 m0_6 x127_1 hf_6 y3b2_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">3<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y52c w266 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Milest<span class=\"__6 _342\"></span>ones appro<span class=\"__6 _336\"></span>ach<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x416 y52c w2a2 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2d_6 ws43_4\">41\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x417 y52c w231 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x418 y52c w2a3 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">D\u00e9cot<span class=\"__6 _342\"></span>e de 20% pa<span class=\"__6 _336\"></span>r palier (2<span class=\"__6 _342\"></span>0%)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"t_6 m0_6 x419 hd_6 y52d ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">P<span class=\"__6 _342\"></span>alie<span class=\"__6 _343\"></span>r </td><td class=\"t_6 m0_6 x14f_1 he_6 y52e ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">4\ue064<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x41a hd_6 y52f ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">P<span class=\"__6 _342\"></span>alie<span class=\"__6 _343\"></span>r </td><td class=\"t_6 m0_6 x41b he_6 y52e ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-4\ue064<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c_1 x12d_1 y530 w2a4 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">sup\u00e9rieur</div><div class=\"t_6 m0_6 x41c h14_6 y395_2 ff3_6 fs8_6 fc1_6 sc0_6 ls41_4 ws88\"><span class=\"__6 gsed\"> </span>4<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"t_6 m0_6 x34b hd_6 y531 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">inf<span class=\"__6 _342\"></span>\u00e9rieur<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y532 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Prix de l<span class=\"__6 _336\"></span>a derni\u00e8re<span class=\"__6 _342\"></span> </td><td class=\"c_1 n_1 x41d y533 w2a5 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">17\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x41e y533 w231 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 x3c6 hd_6 y532 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">La ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur de la derni\u00e8re tr<span class=\"__6 _342\"></span>ansacti<span class=\"__6 _342\"></span>on r\u00e9cen<span class=\"__6 _336\"></span>te es<span class=\"__6 _342\"></span>t consid\u00e9r<span class=\"__6 _342\"></span>\u00e9e comme \u00e9tan<span class=\"__6 _342\"></span>t une </td><td></td><td class=\"c_1 n_1 x412 y533 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x41f y533 w24f h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">2\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x420 y533 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x421 y533 w294 h20_5\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-2\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y534 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">tra<span class=\"__6 _342\"></span>nsaction r<span class=\"__6 _342\"></span>\u00e9cente (P<span class=\"__6 _342\"></span>ORI)<span class=\"__6 _341\"> </span></td><td></td><td></td><td class=\"t_6 m0_6 x3c6 hd_6 y534 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">vale<span class=\"__6 _342\"></span>ur non observable.<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x3c6 hd_6 y535 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws93\">La ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur est con<span class=\"__6 _336\"></span>sid\u00e9r\u00e9<span class=\"__6 _336\"></span>e comme \u00e9t<span class=\"__6 _342\"></span>ant une v<span class=\"__6 _342\"></span>aleur non obs<span class=\"__6 _336\"></span>ervable. P<span class=\"__6 _342\"></span>our l\u2019<span class=\"__6 _342\"></span>appr<span class=\"__6 _342\"></span>oche </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y536 w270 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Autr<span class=\"__6 _342\"></span>es m\u00e9thodes<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x422 y536 w2a5 h21_4\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">71\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x423 y536 w268 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">Non</div></td><td class=\"t_6 m0_6 x3c6 hd_6 y537 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">par le r<span class=\"__6 _342\"></span>endement, le r<span class=\"__6 _342\"></span>endement e<span class=\"__6 _342\"></span>st consid\u00e9r<span class=\"__6 _342\"></span>\u00e9 comme une donn\u00e9e n<span class=\"__6 _336\"></span>on observable </td><td></td><td class=\"c_1 n_1 x412 y536 w233 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x424 y536 w2a6 h21_4\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">7\ue064<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x425 y536 w22d h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x426 y536 w273 h21_4\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff3_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">-7\ue064<span class=\"__6 _341\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t_6 m0_6 x3c6 hd_6 y538 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">(4,9%).<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 h10_6 y539 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l du nivea<span class=\"__6 _336\"></span>u 3 (en </td><td class=\"t_6 m0_6 x3c4 h10_6 y53a ffa_2 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">9<span class=\"__6 _342\"></span>.563\ue064<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 h10_6 y53b ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">tra<span class=\"__6 _336\"></span>nspa<span class=\"__6 _336\"></span>renc<span class=\"__6 _342\"></span>e)<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y53c w276 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">El\u00e9men<span class=\"__6 _342\"></span>ts de r\u00e9concili<span class=\"__6 _336\"></span>ation<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x427 y53c w2a7 h21_4\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff3_6 fs7_6 fc1_6 sc0_6 ls29_6 ws3f_4\">-<span class=\"__6 _343\"></span>72\ue064<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 h10_6 y53d ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l du nivea<span class=\"__6 _336\"></span>u 3 (\u00e9ta<span class=\"__6 _342\"></span>ts </td><td class=\"t_6 m0_6 x428 h10_6 y53e ffa_2 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">9<span class=\"__6 _342\"></span>.491\ue064<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 h10_6 y53f ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">financier<span class=\"__6 _342\"></span>s)<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs108\">L<span class=\"__6 _342\"></span>es \u00e9l\u00e9men<span class=\"__6 _342\"></span>ts de r\u00e9concili<span class=\"__6 _342\"></span>ation en<span class=\"__6 _342\"></span>tre la pr<span class=\"__6 _336\"></span>\u00e9sen<span class=\"__6 _342\"></span>tation en tr<span class=\"__6 _342\"></span>ansp<span class=\"__6 _336\"></span>ar<span class=\"__6 _342\"></span>ence et la pr<span class=\"__6 _342\"></span>\u00e9sent<span class=\"__6 _342\"></span>ation au bil<span class=\"__6 _342\"></span>an sont d\u00e9<span class=\"__6 _342\"></span>taill\u00e9s, to<span class=\"__6 _342\"></span>us niveaux con<span class=\"__6 _342\"></span>fond<span class=\"__6 _342\"></span>us, au poin<span class=\"__6 _342\"></span>t 2.<span class=\"__6 _342\"></span>1 ci-dessu<span class=\"__6 _342\"></span>s.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs4e\">1 <span class=\"__6 _346\"> </span> Da<span class=\"__6 _336\"></span>ns certain<span class=\"__6 _342\"></span>s cas ex<span class=\"__6 _336\"></span>cepti<span class=\"__6 _336\"></span>onnels, un<span class=\"__6 _336\"></span>e surco<span class=\"__6 _342\"></span>te est appliqu\u00e9e p<span class=\"__6 _336\"></span>ar ra<span class=\"__6 _336\"></span>pport au groupe de soci<span class=\"__6 _342\"></span>\u00e9t\u00e9s compa<span class=\"__6 _342\"></span>rables. L<span class=\"__6 _342\"></span>es surco<span class=\"__6 _342\"></span>tes appliqu\u00e9e<span class=\"__6 _336\"></span>s varien<span class=\"__6 _342\"></span>t entre 1% e<span class=\"__6 _342\"></span>t 1.132% (m<span class=\"__6 _342\"></span>oyenne pond\u00e9r\u00e9e de 5<span class=\"__6 _342\"></span>3%). Dans c<span class=\"__6 _336\"></span>ertains ca<span class=\"__6 _342\"></span>s excep<span class=\"__6 _336\"></span>tionnels, l<span class=\"__6 _342\"></span>a d\u00e9cote est e<span class=\"__6 _342\"></span>stim\u00e9e sur </div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs43\">base d\u2019<span class=\"__6 _342\"></span>autr<span class=\"__6 _342\"></span>es m\u00e9thodes que la ca<span class=\"__6 _342\"></span>libration.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs50\">2 <span class=\"__6 _347\"> </span> Da<span class=\"__6 _336\"></span>ns certain<span class=\"__6 _342\"></span>s cas ex<span class=\"__6 _336\"></span>cepti<span class=\"__6 _336\"></span>onnels, un<span class=\"__6 _336\"></span>e surco<span class=\"__6 _342\"></span>te est appliqu\u00e9e p<span class=\"__6 _336\"></span>ar ra<span class=\"__6 _336\"></span>pport au groupe de soci<span class=\"__6 _342\"></span>\u00e9t\u00e9s compa<span class=\"__6 _342\"></span>rables. L<span class=\"__6 _342\"></span>es surco<span class=\"__6 _342\"></span>tes appliqu\u00e9e<span class=\"__6 _336\"></span>s varien<span class=\"__6 _342\"></span>t entre 7% e<span class=\"__6 _342\"></span>t 1.492% (moyenne pond\u00e9r\u00e9e de 17<span class=\"__6 _342\"></span>6). Dan<span class=\"__6 _342\"></span>s certains cas e<span class=\"__6 _342\"></span>xceptionnel<span class=\"__6 _342\"></span>s, la d\u00e9cote e<span class=\"__6 _342\"></span>st estim\u00e9e sur </div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs45\">base d\u2019<span class=\"__6 _342\"></span>autr<span class=\"__6 _342\"></span>es m\u00e9thodes que la ca<span class=\"__6 _342\"></span>libration.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs52\">3 <span class=\"__6 _347\"> </span> Conc<span class=\"__6 _336\"></span>erne principalem<span class=\"__6 _336\"></span>ent le portef<span class=\"__6 _342\"></span>euille Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9<span class=\"__6 _336\"></span>s et de fa\u00e7<span class=\"__6 _342\"></span>on limit\u00e9e certaines participa<span class=\"__6 _342\"></span>tions de Sofina C<span class=\"__6 _342\"></span>roissa<span class=\"__6 _336\"></span>nce..<span class=\"__6 _341\"> </span></div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs53\">4 <span class=\"__6 _347\"> </span> Aucun pali<span class=\"__6 _336\"></span>er sup\u00e9rieur n<span class=\"__6 _342\"></span>\u2019a \u00e9t<span class=\"__6 _342\"></span>\u00e9 attein<span class=\"__6 _336\"></span>t.</div>3.21 L<span class=\"__7 _361\"></span>ISTE D<span class=\"__7 _355\"></span>E<span class=\"__7 _355\"></span>S FIL<span class=\"__7 _355\"></span>IA<span class=\"__7 _355\"></span>LE<span class=\"__7 _355\"></span>S ET ENTR<span class=\"__7 _355\"></span>EPRI<span class=\"__7 _355\"></span>SE<span class=\"__7 _355\"></span>S ASS<span class=\"__7 _361\"></span>OCI\u00c9E<span class=\"__7 _361\"></span>S<span class=\"__7 _357\"> </span><table class=\"s_2 w28e_1 h44\" id=\"_df048d48-5d7c-4201-a3fe-7a85f40d3320\"><tr><td></td><td></td><td></td><td class=\"c_2 n_2 x331_1 y47a_2 w28f_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">DRO<span class=\"__7 _355\"></span>ITS SOC<span class=\"__7 _355\"></span>IAUX D<span class=\"__7 _355\"></span>\u00c9TENUS<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x332_1 y47a_2 w28f_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">DROIT<span class=\"__7 _355\"></span>S SOCI<span class=\"__7 _355\"></span>AUX D\u00c9TE<span class=\"__7 _355\"></span>NUS<span class=\"__7 _357\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x333_1 h4_7 y47b_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">D\u00c9NOMINA<span class=\"__7 _361\"></span>TION E<span class=\"__7 _359\"></span>T SI\u00c8GE <span class=\"__7 _368\"> </span><span class=\"ls54_4 ws83_1\">LIEN<span class=\"__7 _357\"> </span></span></td><td class=\"t_7 m2_7 x334_1 h4_7 y47c_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE<span class=\"ls2_7 ws0_7\"> </span></td><td class=\"t_7 m2_7 x335_1 h4_7 y47d_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">% DE<span class=\"ls2_7 ws0_7\"> </span></td><td class=\"t_7 m2_7 x336_1 h4_7 y47c_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE<span class=\"ls2_7 ws0_7\"> </span></td><td class=\"t_7 m2_7 x337_1 h4_7 y47d_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">% DE<span class=\"ls2_7 ws0_7\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t_7 m2_7 x338_1 h4_7 y47e_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">D\u2019<span class=\"__7 _355\"></span>ACTIONS<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x339_1 h4_7 y47f_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">P<span class=\"__7 _361\"></span>ART<span class=\"__7 _359\"></span>ICIP<span class=\"__7 _361\"></span>A<span class=\"__7 _361\"></span>TION<span class=\"ls2_7 ws0_7\"> </span></td><td class=\"t_7 m2_7 x33a_1 h4_7 y47e_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">D\u2019<span class=\"__7 _355\"></span>ACTIONS<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x33b_1 h4_7 y47f_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">P<span class=\"__7 _361\"></span>ART<span class=\"__7 _359\"></span>ICIP<span class=\"__7 _361\"></span>A<span class=\"__7 _361\"></span>TION<span class=\"ls2_7 ws0_7\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x33c_1 h4_7 y480_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">AU 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _355\"></span>025<span class=\"__7 _357\"> </span></td><td></td><td class=\"t_7 m2_7 x33d_1 h4_7 y480_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">AU 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>4<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"t_7 m2_7 x333_1 h5_7 y481_2 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">A. FIL<span class=\"__7 _355\"></span>IA<span class=\"__7 _355\"></span>LE<span class=\"__7 _355\"></span>S D'INV<span class=\"__7 _355\"></span>ES<span class=\"__7 _355\"></span>TISSE<span class=\"__7 _355\"></span>MENT - \u00c0 LA JUS<span class=\"__7 _355\"></span>TE V<span class=\"__7 _361\"></span>ALEU<span class=\"__7 _355\"></span>R </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h5_7 y482_2 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Global E<span class=\"__7 _355\"></span>ducation H<span class=\"__7 _355\"></span>olding SA<span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x33e_1 y483_2 w290_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x33f_1 y483_2 w291_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>77<span class=\"__7 _361\"></span>.262<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x340_1 y483_2 w292_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">82,0<span class=\"__7 _361\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x341_1 y483_2 w291_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>77<span class=\"__7 _361\"></span>.262<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x342_1 y483_2 wb6_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">82,0<span class=\"__7 _355\"></span>1<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y484_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">12, rue L<span class=\"__7 _355\"></span>\u00e9on Lava<span class=\"__7 _355\"></span>l - L<span class=\"__7 _355\"></span>U-33<span class=\"__7 _355\"></span>72 L<span class=\"__7 _355\"></span>eudelan<span class=\"__7 _355\"></span>ge<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h5_7 y485_2 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">Sofina Asi<span class=\"__7 _355\"></span>a Priva<span class=\"__7 _355\"></span>te L<span class=\"__7 _361\"></span>td.<span class=\"ls2_7\"> </span></td><td class=\"c_2 n_2 x33e_1 y486_2 w293_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x343_1 y486_2 w294_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.2<span class=\"__7 _355\"></span>95.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x344_1 y486_2 w295_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x345_1 y486_2 w296_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _355\"></span>995.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x346_1 y486_2 w295_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x347_1 y487_2 w297_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">108<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x348_1 y487_2 w298_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Amoy S<span class=\"__7 _355\"></span>treet # 0<span class=\"__7 _355\"></span>3-01 - S<span class=\"__7 _355\"></span>G-069928 Sin<span class=\"__7 _355\"></span>gapour<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h5_7 y488_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sofina C<span class=\"__7 _355\"></span>apital SA<span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x33e_1 y489_1 w293_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x349_1 y489_1 w299_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls36_6 ws5b_5\">5.872.576<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x34a_1 y489_1 w295_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x34b_1 y489_1 w29a_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls36_6 ws5b_5\">5.872.5<span class=\"__7 _355\"></span>76<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x34c_1 y489_1 w29b_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y48a_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">12, rue L<span class=\"__7 _355\"></span>\u00e9on Lava<span class=\"__7 _355\"></span>l - L<span class=\"__7 _355\"></span>U-33<span class=\"__7 _355\"></span>72 L<span class=\"__7 _355\"></span>eudelan<span class=\"__7 _355\"></span>ge<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h5_7 y48b_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">Sofina Globa<span class=\"__7 _355\"></span>l SA SIF<span class=\"ls2_7\"> </span></td><td class=\"c_2 n_2 x33e_1 y48c_1 w290_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x34d_1 y48c_1 w29c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">17<span class=\"__7 _361\"></span>.500.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x34e_1 y48c_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x34f_1 y48c_1 w29d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">17<span class=\"__7 _358\"></span>.500.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x34c_1 y48c_1 w29b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y48d_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">12, rue L<span class=\"__7 _355\"></span>\u00e9on Lava<span class=\"__7 _355\"></span>l - L<span class=\"__7 _355\"></span>U-33<span class=\"__7 _355\"></span>72 L<span class=\"__7 _355\"></span>eudelan<span class=\"__7 _355\"></span>ge<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h5_7 y48e_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sofina Inv<span class=\"__7 _355\"></span>est SA<span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x33e_1 y48f_1 w293_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x350_1 y48f_1 w29e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">30.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x351_1 y48f_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x352_1 y48f_1 w29e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">30.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x353_1 y48f_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y490_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">12, rue L<span class=\"__7 _355\"></span>\u00e9on Lava<span class=\"__7 _355\"></span>l - L<span class=\"__7 _355\"></span>U-33<span class=\"__7 _355\"></span>72 L<span class=\"__7 _355\"></span>eudelan<span class=\"__7 _355\"></span>ge<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h19_7 y491_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">Sofina L<span class=\"__7 _361\"></span>ondon Limit<span class=\"ff5_7 ws3_7\">ed</span><span class=\"ff3_7 ls2_7\"> </span></td><td class=\"c_2 n_2 x33e_1 y492_1 w293_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x354_1 y492_1 w29f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">4.350.000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x355_1 y492_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x356_1 y492_1 w2a0_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">50<span class=\"__7 _355\"></span>.000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x357_1 y492_1 w29b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y493_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">7th Floor<span class=\"__7 _355\"></span>, 50 Br<span class=\"__7 _355\"></span>oadway - L<span class=\"__7 _361\"></span>ondon SW1H 0DB - R<span class=\"__7 _355\"></span>oyau<span class=\"__7 _355\"></span>me-Uni<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h19_7 y494_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">Sofina P<span class=\"__7 _355\"></span>riva<span class=\"__7 _355\"></span>te Equi<span class=\"ff5_7\">ty SA SI<span class=\"__7 _355\"></span>CAR</span><span class=\"ff5_7\"><span class=\"__7 _355\"></span><span class=\"ff3_7 ls2_7\"> </span></span></td><td class=\"c_2 n_2 x33e_1 y495_1 w290_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x358_1 y495_1 w2a1_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5.<span class=\"__7 _355\"></span>910.000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x359_1 y495_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x35a_1 y495_1 w2a1_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5.910<span class=\"__7 _355\"></span>.000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x35b_1 y495_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y496_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">12, rue L<span class=\"__7 _355\"></span>\u00e9on Lava<span class=\"__7 _355\"></span>l - L<span class=\"__7 _355\"></span>U-33<span class=\"__7 _355\"></span>72 L<span class=\"__7 _355\"></span>eudelan<span class=\"__7 _355\"></span>ge<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h5_7 y497_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sofina U<span class=\"__7 _355\"></span>S, L<span class=\"__7 _355\"></span>L<span class=\"__7 _361\"></span>C<span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x33e_1 y498_1 w293_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x35c_1 y498_1 w2a2_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">802.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x35d_1 y498_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x35e_1 y498_1 w2a2_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">802.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x35f_1 y498_1 w29b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x347_1 y499_1 w2a3_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">160<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x360_1 y499_1 w2a4_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">F<span class=\"__7 _355\"></span>ederal S<span class=\"__7 _355\"></span>treet, 9th floor - M<span class=\"__7 _355\"></span>A 02110 B<span class=\"__7 _355\"></span>oston - U<span class=\"__7 _355\"></span>SA<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h19_7 y49a_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">Sofina V<span class=\"__7 _361\"></span>entur<span class=\"ff5_7\">e<span class=\"__7 _355\"></span>s SA</span><span class=\"ff5_7\"><span class=\"ff3_7 ls2_7\"> </span></span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y49b_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">2<span class=\"__7 _355\"></span>9, rue de l\u2019<span class=\"__7 _355\"></span>Industri<span class=\"__7 _355\"></span>e - 1040 Bruxelles - B<span class=\"__7 _355\"></span>elgique<span class=\"ls2_7\"> </span></td><td class=\"c_2 n_2 x33e_1 y49c_1 w293_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x361_1 y49c_1 w2a5_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.<span class=\"__7 _355\"></span>709<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x362_1 y49c_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x363_1 y49c_1 w2a5_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.<span class=\"__7 _355\"></span>709<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x346_1 y49c_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y49d_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">Num\u00e9r<span class=\"__7 _355\"></span>o d\u2019<span class=\"__7 _361\"></span>entr<span class=\"__7 _355\"></span>eprise 042<span class=\"__7 _355\"></span>3 386 786<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h5_7 y49e_1 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">B. ENTR<span class=\"__7 _355\"></span>EPRI<span class=\"__7 _355\"></span>SES A<span class=\"__7 _355\"></span>SSOC<span class=\"__7 _355\"></span>I\u00c9E<span class=\"__7 _355\"></span>S - \u00c0 LA JUS<span class=\"__7 _355\"></span>TE V<span class=\"__7 _355\"></span>AL<span class=\"__7 _355\"></span>EUR </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h5_7 y49f_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">Ca<span class=\"__7 _355\"></span>mbridge Associa<span class=\"__7 _355\"></span>tes<span class=\"ls2_7\"> </span></td><td class=\"c_2 n_2 x365_1 y4a0_1 w290_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x366_1 y4a0_1 w2a6_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _361\"></span>4.242<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x367_1 y4a0_1 w2a7_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">23,67<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x368_1 y4a0_1 w2a8_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>4.2<span class=\"__7 _355\"></span>42<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x369_1 y4a0_1 w2a9_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls31_7 ws55_5\">23,<span class=\"__7 _359\"></span>89<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4a1_1 w2aa_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">125<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x36a_1 y4a1_1 w2ab_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">High S<span class=\"__7 _355\"></span>treet - M<span class=\"__7 _355\"></span>A 02110 Bo<span class=\"__7 _355\"></span>ston - USA<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h5_7 y4a2_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dott HoldC<span class=\"__7 _355\"></span>o<span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x365_1 y4a3_1 w290_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x36b_1 y4a3_1 w2ac_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">17<span class=\"__7 _361\"></span>.3<span class=\"__7 _355\"></span>71.386<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x36c_1 y4a3_1 w2ad_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>4,98<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x36d_1 y4a3_1 w2ae_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">10.<span class=\"__7 _358\"></span>143.368<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x36e_1 y4a3_1 w2af_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>4,98<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x364_1 h6_7 y4a4_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Diemen<span class=\"__7 _355\"></span>straa<span class=\"__7 _355\"></span>t 292 - 10<span class=\"__7 _355\"></span>13 CR Am<span class=\"__7 _355\"></span>ster<span class=\"__7 _355\"></span>dam - P<span class=\"__7 _361\"></span>ays-Ba<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h5_7 y4a5_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dr<span class=\"__7 _359\"></span>ylock T<span class=\"__7 _358\"></span>echnologies<span class=\"__7 _355\"></span><span class=\"ls2_7\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h6_7 y4a6_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sp<span class=\"__7 _355\"></span>innerijstraa<span class=\"__7 _355\"></span>t 12 - 92<span class=\"__7 _355\"></span>40 Zele - Belgi<span class=\"__7 _355\"></span>que<span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x365_1 y4a7_1 w293_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x36f_1 y4a7_1 w2b0_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">169<span class=\"__7 _355\"></span>.7<span class=\"__7 _355\"></span>82.<span class=\"__7 _355\"></span>750<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x370_1 y4a7_1 w2b1_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">25,00<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x371_1 y4a7_1 w2b0_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">169<span class=\"__7 _355\"></span>.<span class=\"__7 _355\"></span>782.<span class=\"__7 _355\"></span>750<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x372_1 y4a7_1 w2b2_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">25,0<span class=\"__7 _359\"></span>0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x364_1 h6_7 y4a8_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Num\u00e9r<span class=\"__7 _355\"></span>o d\u2019<span class=\"__7 _361\"></span>entr<span class=\"__7 _355\"></span>eprise 04<span class=\"__7 _355\"></span>79 766 05<span class=\"__7 _361\"></span>7<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h5_7 y4a9_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Green E Origin (Gr<span class=\"__7 _355\"></span>een Energy Origin)<span class=\"__7 _355\"></span><span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x365_1 y4aa_1 w290_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x373_1 y4aa_1 w2b3_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">58<span class=\"__7 _361\"></span>7<span class=\"__7 _361\"></span>.008<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x374_1 y4aa_1 w2b4_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">31,64<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x375_1 y4aa_1 w2b5_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">4<span class=\"__7 _359\"></span>0<span class=\"__7 _359\"></span>0<span class=\"__7 _359\"></span>.737<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x376_1 y4aa_1 w2b6_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls29_7 ws4c_5\">29,<span class=\"__7 _359\"></span>4<span class=\"__7 _359\"></span>4<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x364_1 h6_7 y4ab_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">4, rue du F<span class=\"__7 _355\"></span>ort Wa<span class=\"__7 _355\"></span>llis - L<span class=\"__7 _355\"></span>U-2<span class=\"__7 _355\"></span>714 Lux<span class=\"__7 _355\"></span>embourg<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h19_7 y4ac_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">MXP P<span class=\"__7 _355\"></span>rime Pla<span class=\"__7 _355\"></span>tform (Se<span class=\"ff5_7 ws3_7\">llerX)</span><span class=\"ff3_7 ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x365_1 y4ad_1 w290_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x377_1 y4ad_1 w2b7_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.284.2<span class=\"__7 _355\"></span>09<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x378_1 y4ad_1 w2b8_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">2<span class=\"__7 _359\"></span>6,7<span class=\"__7 _356\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x379_1 y4ad_1 w2b9_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.2<span class=\"__7 _355\"></span>84.2<span class=\"__7 _355\"></span>09<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x37a_1 y4ad_1 w2ba_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls6_7 ws5_7\">26,0<span class=\"__7 _359\"></span>9<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x364_1 h6_7 y4ae_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">J\u00e4gers<span class=\"__7 _355\"></span>tra\u00dfe 41 - 10<span class=\"__7 _361\"></span>117 Berlin - Allemagne<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h5_7 y4af_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Nuxe In<span class=\"__7 _355\"></span>terna<span class=\"__7 _355\"></span>tional<span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x365_1 y4b0_1 w290_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x37b_1 y4b0_1 w2bb_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">193<span class=\"__7 _355\"></span>.261.<span class=\"__7 _361\"></span>167<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x37c_1 y4b0_1 w6e_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">49<span class=\"__7 _355\"></span>,00<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x37d_1 y4b0_1 w2bc_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">193<span class=\"__7 _355\"></span>.261.<span class=\"__7 _361\"></span>167<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x37e_1 y4b0_1 w6e_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">49<span class=\"__7 _355\"></span>,00<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x364_1 h6_7 y4b1_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">12<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>, rue d\u2019<span class=\"__7 _361\"></span>Aguesseau - 92100 B<span class=\"__7 _355\"></span>oulogne-Billan<span class=\"__7 _355\"></span>court - Fr<span class=\"__7 _355\"></span>ance<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>Con<span class=\"__7 _355\"></span>sid\u00e9ra<span class=\"__7 _355\"></span>nt le r<span class=\"__7 _355\"></span>espect pa<span class=\"__7 _355\"></span>r Sofina des c<span class=\"__7 _355\"></span>onditions pr<span class=\"__7 _355\"></span>\u00e9vues \u00e0 l\u2019<span class=\"__7 _358\"></span>article 70 de l<span class=\"__7 _355\"></span>a loi luxem<span class=\"__7 _355\"></span>bourgeoi<span class=\"__7 _355\"></span>se du 19 d\u00e9cembr<span class=\"__7 _355\"></span>e 2<span class=\"__7 _355\"></span>002, les s<span class=\"__7 _355\"></span>oci\u00e9t\u00e9<span class=\"__7 _355\"></span>s filiales l<span class=\"__7 _355\"></span>uxembou<span class=\"__7 _355\"></span>rgeoise<span class=\"__7 _355\"></span>s (exc<span class=\"__7 _355\"></span>ept\u00e9 So<span class=\"__7 _355\"></span>fina Priv<span class=\"__7 _355\"></span>ate E<span class=\"__7 _361\"></span>quit<span class=\"__7 _359\"></span>y SA SIC<span class=\"__7 _355\"></span>AR et So<span class=\"__7 _355\"></span>fina Global SA SI<span class=\"__7 _355\"></span>F) peuven<span class=\"__7 _355\"></span>t \u00eatre e<span class=\"__7 _355\"></span>xem<span class=\"__7 _355\"></span>pt\u00e9e<span class=\"__7 _355\"></span>s de certaines dispo<span class=\"__7 _355\"></span>sitions r<span class=\"__7 _355\"></span>elativ<span class=\"__7 _355\"></span>es \u00e0 la publicit<span class=\"__7 _355\"></span>\u00e9 de leurs c<span class=\"__7 _355\"></span>ompte<span class=\"__7 _355\"></span>s annuels s<span class=\"__7 _355\"></span>tat<span class=\"__7 _355\"></span>utaires<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>Ba<span class=\"__7 _355\"></span>ses d\u2019<span class=\"__7 _358\"></span>\u00e9va<span class=\"__7 _355\"></span>lua<span class=\"__7 _355\"></span>tion<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es \u00e9ta<span class=\"__7 _355\"></span>ts fina<span class=\"__7 _355\"></span>nciers con<span class=\"__7 _355\"></span>solid\u00e9s I<span class=\"__7 _355\"></span>FR<span class=\"__7 _355\"></span>S sont pr<span class=\"__7 _355\"></span>\u00e9par<span class=\"__7 _355\"></span>\u00e9s sur la ba<span class=\"__7 _355\"></span>se de la j<span class=\"__7 _355\"></span>uste v<span class=\"__7 _355\"></span>aleur pa<span class=\"__7 _355\"></span>r le biais du r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>t net sauf le<span class=\"__7 _355\"></span>s cr\u00e9a<span class=\"__7 _355\"></span>nces e<span class=\"__7 _355\"></span>t dettes c<span class=\"__7 _355\"></span>ommercia<span class=\"__7 _355\"></span>les et soci<span class=\"__7 _355\"></span>ales qui son<span class=\"__7 _355\"></span>t valori<span class=\"__7 _355\"></span>s\u00e9es au<span class=\"__7 _355\"></span> co\u00fbt a<span class=\"__7 _355\"></span>morti.<span class=\"__7 _357\"> </span>Afin de re<span class=\"__7 _355\"></span>fl\u00e9ter l\u2019importa<span class=\"__7 _355\"></span>nce des donn\u00e9e<span class=\"__7 _355\"></span>s utilis\u00e9es lor<span class=\"__7 _355\"></span>s des \u00e9v<span class=\"__7 _355\"></span>alua<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur<span class=\"__7 _361\"></span>, le gro<span class=\"__7 _355\"></span>upe classe ce<span class=\"__7 _355\"></span>s \u00e9val<span class=\"__7 _355\"></span>uation<span class=\"__7 _355\"></span>s selon une hi\u00e9ra<span class=\"__7 _355\"></span>rchie qui se compo<span class=\"__7 _355\"></span>se des niveaux suiva<span class=\"__7 _355\"></span>nts<span class=\"__7 gs8_2\"> </span>:<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _359\"></span>Niveau <span class=\"__7 _355\"></span>1<span class=\"__7 gs8_2\"> </span><span class=\"__7 _355\"></span>:<span class=\"ff3_7 wsa7_1\"> des prix (non aj<span class=\"__7 _355\"></span>ust\u00e9<span class=\"__7 _355\"></span>s) cot<span class=\"__7 _355\"></span>\u00e9s sur des ma<span class=\"__7 _355\"></span>rch<span class=\"__7 _355\"></span>\u00e9s actifs pou<span class=\"__7 _355\"></span>r des actifs ou de<span class=\"__7 _355\"></span>s passifs </span>iden<span class=\"__7 _355\"></span>tiques<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _359\"></span>Niveau <span class=\"__7 _359\"></span>2<span class=\"__7 gs8_2\"> </span><span class=\"__7 _356\"></span>: <span class=\"__7 _356\"></span><span class=\"ff3_7 ws6f_4\">des donn\u00e9es a<span class=\"__7 _355\"></span>utres que le<span class=\"__7 _355\"></span>s prix cot<span class=\"__7 _355\"></span>\u00e9s vis\u00e9s a<span class=\"__7 _355\"></span>u niveau 1, qui son<span class=\"__7 _361\"></span>t obser<span class=\"__7 _359\"></span>vable<span class=\"__7 _355\"></span>s </span>pour l\u2019<span class=\"__7 _361\"></span>actif ou le pa<span class=\"__7 _355\"></span>ssif concern<span class=\"__7 _355\"></span>\u00e9, soit dir<span class=\"__7 _355\"></span>ectemen<span class=\"__7 _355\"></span>t (\u00e0 sav<span class=\"__7 _355\"></span>oir des prix) ou in<span class=\"__7 _355\"></span>direct<span class=\"__7 _355\"></span>ement (\u00e0<span class=\"__7 _355\"></span> sav<span class=\"__7 _355\"></span>oir des donn\u00e9es d\u00e9riv\u00e9<span class=\"__7 _355\"></span>es de prix)<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _359\"></span>Niveau <span class=\"__7 _361\"></span>3<span class=\"__7 gs8_2\"> </span><span class=\"__7 _355\"></span>: <span class=\"__7 _355\"></span><span class=\"ff3_7 ws25_7\">des donn\u00e9es r<span class=\"__7 _355\"></span>elativ<span class=\"__7 _355\"></span>es \u00e0 l\u2019<span class=\"__7 _361\"></span>actif ou au pa<span class=\"__7 _355\"></span>ssif qui ne sont p<span class=\"__7 _355\"></span>as bas\u00e9e<span class=\"__7 _355\"></span>s sur des donn\u00e9e<span class=\"__7 _355\"></span>s </span>observable<span class=\"__7 _355\"></span>s de mar<span class=\"__7 _355\"></span>ch\u00e9 (donn\u00e9e<span class=\"__7 _355\"></span>s non observables).<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-265": {
   "value": "<div class=\"t_6 m1_6 h6_6 ff4_6 fs3_6 fc0_6 sc0_6 lsa_6 ws94 gs76\">2.5<span class=\"__6 _343\"></span> RI<span class=\"__6 _343\"></span>SQUES FINANCIERS EN<span class=\"__6 _343\"></span> T<span class=\"__6 _343\"></span>RAN<span class=\"__6 _343\"></span>SP<span class=\"__6 _335\"></span>ARE<span class=\"__6 _343\"></span>NCE<span class=\"__6 _342\"></span> </div><div class=\"t_6 mf_3 h6_6 ff4_6 fs3_6 fc4_6 sc0_6 ls2_6 ws0_6 gs77\">Risq<span class=\"__6 _336\"></span>ue de cha<span class=\"__6 _336\"></span>nge</div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws95 gs78\">L<span class=\"__6 _342\"></span>e por<span class=\"__6 _343\"></span>tef<span class=\"__6 _342\"></span>euille d\u2019inves<span class=\"__6 _342\"></span>tissemen<span class=\"__6 _342\"></span>t est soumis en<span class=\"__6 _342\"></span>tre au<span class=\"__6 _336\"></span>tre<span class=\"__6 _342\"></span>s aux risques de c<span class=\"__6 _336\"></span>han<span class=\"__6 _342\"></span>ge. L<span class=\"__6 _342\"></span>e principal </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws7d gs79\">risque de c<span class=\"__6 _336\"></span>han<span class=\"__6 _342\"></span>ge por<span class=\"__6 _343\"></span>te sur des a<span class=\"__6 _336\"></span>ctifs libell\u00e9s en doll<span class=\"__6 _342\"></span>ars am<span class=\"__6 _336\"></span>\u00e9ricain<span class=\"__6 _342\"></span>s, en livres s<span class=\"__6 _342\"></span>terling, en r<span class=\"__6 _336\"></span>ou<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws96 gs10a\">pie<span class=\"__6 _342\"></span>s indiennes en co<span class=\"__6 _336\"></span>uronn<span class=\"__6 _342\"></span>es dano<span class=\"__6 _342\"></span>ises et en yua<span class=\"__6 _342\"></span>n chinois r<span class=\"__6 _342\"></span>enminbi. \u00c0 titre d\u2019in<span class=\"__6 _342\"></span>forma<span class=\"__6 _342\"></span>tion, la </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws97 gs10b\">va<span class=\"__6 _336\"></span>ria<span class=\"__6 _336\"></span>tion de 10% en plu<span class=\"__6 _336\"></span>s ou en moin<span class=\"__6 _342\"></span>s par ra<span class=\"__6 _342\"></span>ppor<span class=\"__6 _343\"></span>t au cour<span class=\"__6 _342\"></span>s du 31 d\u00e9cem<span class=\"__6 _342\"></span>bre 2<span class=\"__6 _342\"></span>025 donner<span class=\"__6 _342\"></span>ait </div><div class=\"t_6 m1_6 h3_6 ff3_6 fs1_6 fc1_6 sc0_6 ls1_6 ws2_6 gs10c\">une va<span class=\"__6 _342\"></span>riation de la ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur <span class=\"__6 _343\"></span>du portef<span class=\"__6 _336\"></span>euille repri<span class=\"__6 _342\"></span>se dans le tablea<span class=\"__6 _342\"></span>u <span class=\"__6 _343\"></span>ci-dessou<span class=\"__6 _342\"></span>s<span class=\"__6 gs2c\"> </span>:<span class=\"__6 _341\"> </span></div><div class=\"gs10d\"><table class=\"s_1 w2a8 h36_1\" id=\"_f253bc67-49a5-4fc8-8d03-ee7274488be1\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x429 hb_6 y540 ff4_6 fs5_6 fc0_6 sc0_6 ls43_4 ws8f\">EN MILLIONS EUR<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"c_1 n_1 x41d y541 w2a9 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls25_6 ws3b_4\">USD<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x42a y541 w2aa h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls24_6 ws3a_4\">GBP<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x42b y541 w2ab h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">INR<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x42c y541 w2ac h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls26_6 ws98\">DKK<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x42d y541 w2ad h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls28_6 ws3e_4\">CNY<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y542 w2ae h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws4a_4\">Juste<span class=\"__6 _343\"></span> vale<span class=\"__6 _343\"></span>ur<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x42e y542 w2af h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">6.<span class=\"__6 _342\"></span>368<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x42f y542 w2b0 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls49_4 ws99\">74<span class=\"__6 _a_5\"></span>8<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x430 y542 w2b1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">363<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x431 y542 w2b2 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls25_6 ws3b_4\">179<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x432 y542 w2b3 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls3e_4 ws84\">25<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y543 w2b4 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Cou<span class=\"__6 _336\"></span>rs de ch<span class=\"__6 _336\"></span>ange (EU<span class=\"__6 _336\"></span>R/<span class=\"__6 _335\"></span>devis<span class=\"__6 _342\"></span>e)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x433 y543 w2b5 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1,<span class=\"__6 _335\"></span>1750<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x434 y543 w2b6 h1b_6\" colspan=\"2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2e_6 ws44_4\">0<span class=\"__6 _343\"></span>,<span class=\"__6 _343\"></span>8726<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x435 y543 w2b7 h1b_6\" colspan=\"2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">105,<span class=\"__6 _336\"></span>5<span class=\"__6 _342\"></span>965<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x436 y543 w2b8 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">7<span class=\"__6 _342\"></span>,4689<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x437 y543 w2b9 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">8,2262<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y544 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sensib<span class=\"__6 _336\"></span>ilit\u00e9 du c<span class=\"__6 _336\"></span>ours de c<span class=\"__6 _336\"></span>han<span class=\"__6 _342\"></span>ge<span class=\"__6 _341\"> </span></td><td class=\"c_1 n_1 x438 y546 w2ba h21_4\"><div class=\"t_6 m0_6 xe6_4 h16_6 y545 ff2_6 fs6_6 fc1_6 sc0_6 ls17_6 ws38_4\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x439 y546 w2bb h21_4\"><div class=\"t_6 m0_6 xe6_4 h16_6 y545 ff2_6 fs6_6 fc1_6 sc0_6 ls17_6 ws38_4\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x43a y546 w2ba h21_4\"><div class=\"t_6 m0_6 xe6_4 h16_6 y545 ff2_6 fs6_6 fc1_6 sc0_6 ls17_6 ws38_4\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x43b y546 w2bb h21_4\"><div class=\"t_6 m0_6 xe6_4 h16_6 y545 ff2_6 fs6_6 fc1_6 sc0_6 ls17_6 ws38_4\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x43c y546 w2ba h21_4\"><div class=\"t_6 m0_6 xe6_4 h16_6 y545 ff2_6 fs6_6 fc1_6 sc0_6 ls17_6 ws38_4\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x43d y546 w2bb h21_4\"><div class=\"t_6 m0_6 xe6_4 h16_6 y545 ff2_6 fs6_6 fc1_6 sc0_6 ls17_6 ws38_4\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x43e y546 w2ba h21_4\"><div class=\"t_6 m0_6 xe6_4 h16_6 y545 ff2_6 fs6_6 fc1_6 sc0_6 ls17_6 ws38_4\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x43f y546 w2bc h21_4\"><div class=\"t_6 m0_6 xe6_4 h16_6 y545 ff2_6 fs6_6 fc1_6 sc0_6 ls17_6 ws38_4\">10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x440 y546 w2ba h21_4\"><div class=\"t_6 m0_6 xe6_4 h16_6 y545 ff2_6 fs6_6 fc1_6 sc0_6 ls17_6 ws38_4\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x441 y546 w2bd h21_4\"><div class=\"t_6 m0_6 xe6_4 h16_6 y545 ff2_6 fs6_6 fc1_6 sc0_6 ls17_6 ws38_4\">10%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w2be h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">Impact<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x442 y398_2 w2bf h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+708<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x443 y398_2 w2c0 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2c_6 ws42_4\">-<span class=\"__6 _2f_4\"></span>579<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x444 y398_2 w2c1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2f_6 ws45_4\">+83<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x445 y398_2 w2c2 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-68<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x446 y398_2 w2c3 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2d_6 ws43_4\">+<span class=\"__6 _343\"></span>41<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x447 y398_2 w2c4 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-33<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x448 y398_2 w2c5 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+19<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x449 y398_2 w2c6 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-17<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x44a y398_2 w2c7 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+3<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x44b y398_2 w2c8 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-2<span class=\"__6 _341\"> </span></div></td></tr></table></div><div class=\"t_6 mf_3 h6_6 ff4_6 fs3_6 fc4_6 sc0_6 ls2_6 ws0_6 gs10e\">Risq<span class=\"__6 _336\"></span>ue de prix</div><div class=\"t_6 m36 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws5_6 gs10f\">L<span class=\"__6 _342\"></span>e risque de prix se d\u00e9finit c<span class=\"__6 _336\"></span>omme le risq<span class=\"__6 _336\"></span>ue que le portef<span class=\"__6 _342\"></span>euille de Sofina soit im<span class=\"__6 _342\"></span>pact\u00e9 pa<span class=\"__6 _342\"></span>r une </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws9a gs110\">\u00e9v<span class=\"__6 _336\"></span>olution d\u00e9<span class=\"__6 _336\"></span>fa<span class=\"__6 _342\"></span>vora<span class=\"__6 _336\"></span>ble des cou<span class=\"__6 _342\"></span>rs de bourse<span class=\"__6 _342\"></span>. Sofina est e<span class=\"__6 _342\"></span>xpos\u00e9e aux fluc<span class=\"__6 _342\"></span>tuati<span class=\"__6 _342\"></span>ons boursi<span class=\"__6 _342\"></span>\u00e8res </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs111\">de son portef<span class=\"__6 _342\"></span>euille.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws9b gs112\">L<span class=\"__6 _342\"></span>\u2019<span class=\"__6 _342\"></span>analy<span class=\"__6 _342\"></span>se de risques des p<span class=\"__6 _342\"></span>articipation<span class=\"__6 _342\"></span>s de niveau 1 et de niv<span class=\"__6 _342\"></span>eau 2 est r<span class=\"__6 _342\"></span>eprise ci-dess<span class=\"__6 _336\"></span>ous<span class=\"__6 _342\"></span>. Un </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 wsd_6 gs113\">int<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>valle de va<span class=\"__6 _342\"></span>riation -10% e<span class=\"__6 _342\"></span>t +10% a <span class=\"__6 _343\"></span>\u00e9t\u00e9 a<span class=\"__6 _342\"></span>ppliqu\u00e9 sur l\u2019<span class=\"__6 _335\"></span>\u00e9va<span class=\"__6 _336\"></span>lua<span class=\"__6 _342\"></span>tion au 31 d\u00e9c<span class=\"__6 _342\"></span>embre 2<span class=\"__6 _342\"></span>025<span class=\"__6 _342\"></span>. </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs114\">Ce<span class=\"__6 _336\"></span>tte v<span class=\"__6 _336\"></span>aria<span class=\"__6 _342\"></span>tion infl<span class=\"__6 _336\"></span>uence le r<span class=\"__6 _342\"></span>\u00e9sultat.<span class=\"__6 _342\"></span> </div><div class=\"gs115\"><table class=\"s_1 w2f0 h39\" id=\"_f01c3aec-0f7f-4f9d-b6b0-35697c779ae8\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x468 hb_6 y557 ff4_6 fs5_6 fc0_6 sc0_6 ls43_4 ws8f\">EN MILLIONS EUR<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x469 y558 w20d h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">NIVEA<span class=\"__6 _342\"></span>U 1<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x46a y558 w2f1 h1f_6\" colspan=\"2\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">NIVEA<span class=\"__6 _342\"></span>U 2<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y559 w2f2 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sensib<span class=\"__6 _336\"></span>ilit\u00e9 du c<span class=\"__6 _336\"></span>ours de bo<span class=\"__6 _336\"></span>urse<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x46b y559 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x46c y559 w2f3 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x46d y559 w2f4 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x46e y559 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x46f y559 w1f7 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x454 y559 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3fa_2 w2ae h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws4a_4\">Juste<span class=\"__6 _343\"></span> vale<span class=\"__6 _343\"></span>ur<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x470 y3fa_2 w2f5 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls2d_6 ws43_4\">31<span class=\"__6 _343\"></span>6<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x471 y3fa_2 w2f6 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls4a_4 ws6a_3\">3<span class=\"__6 _2f_4\"></span>51<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x472 y3fa_2 w2f7 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">386<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x473 y3fa_2 w2f8 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">17<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x474 y3fa_2 w2f9 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">19<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x475 y3fa_2 w2fa h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls3e_4 ws84\">21<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w2be h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">Impact<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x476 y398_2 w2fb h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-35<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x477 y398_2 w21e h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x478 y398_2 w2fc h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+35<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x479 y398_2 w2fd h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x47a y398_2 w4_1 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x47b y398_2 w2fe h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+2<span class=\"__6 _341\"> </span></div></td></tr></table></div><div class=\"t_6 mf_3 h6_6 ff4_6 fs3_6 fc4_6 sc0_6 ls2_6 ws0_6 gs116\">Risq<span class=\"__6 _336\"></span>ue de taux d\u2019in<span class=\"__6 _342\"></span>t\u00e9r\u00ea<span class=\"__6 _342\"></span>t et risque de liquidit<span class=\"__6 _342\"></span>\u00e9  </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws9c gs117\">L<span class=\"__6 _342\"></span>e risque de taux d\u2019in<span class=\"__6 _342\"></span>t\u00e9r\u00ea<span class=\"__6 _342\"></span>t est le risque q<span class=\"__6 _336\"></span>ue le flux d\u2019in<span class=\"__6 _342\"></span>t\u00e9r\u00eat a<span class=\"__6 _342\"></span>f<span class=\"__6 _343\"></span>f\u00e9r<span class=\"__6 _342\"></span>ent \u00e0 la de<span class=\"__6 _342\"></span>tte financi<span class=\"__6 _342\"></span>\u00e8re et </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws6a_3 gs118\">la tr<span class=\"__6 _342\"></span>\u00e9sorerie brut<span class=\"__6 _342\"></span>e puissen<span class=\"__6 _342\"></span>t \u00eatre d\u00e9t<span class=\"__6 _342\"></span>\u00e9rior\u00e9<span class=\"__6 _336\"></span>s par un<span class=\"__6 _336\"></span>e \u00e9v<span class=\"__6 _336\"></span>olution d\u00e9<span class=\"__6 _336\"></span>fa<span class=\"__6 _342\"></span>vorable de<span class=\"__6 _342\"></span>s taux d\u2019int<span class=\"__6 _342\"></span>\u00e9r\u00eat. </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws9d gs119\">En l\u2019<span class=\"__6 _335\"></span>esp\u00e8c<span class=\"__6 _342\"></span>e, le risque es<span class=\"__6 _342\"></span>t limit\u00e9 vu que les dett<span class=\"__6 _342\"></span>es financi<span class=\"__6 _342\"></span>\u00e8res son<span class=\"__6 _342\"></span>t principalemen<span class=\"__6 _342\"></span>t \u00e0 taux fix<span class=\"__6 _342\"></span>e. </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws86 gs11a\">P<span class=\"__6 _342\"></span>ar ailleur<span class=\"__6 _342\"></span>s la tr\u00e9<span class=\"__6 _336\"></span>sor<span class=\"__6 _336\"></span>erie nett<span class=\"__6 _342\"></span>e de Sofina es<span class=\"__6 _336\"></span>t positive<span class=\"__6 _342\"></span>. Cependa<span class=\"__6 _342\"></span>nt, Sofin<span class=\"__6 _336\"></span>a a des engagem<span class=\"__6 _342\"></span>ents </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws75_1 gs11b\">de d\u00e9bour<span class=\"__6 _336\"></span>semen<span class=\"__6 _342\"></span>ts de fond<span class=\"__6 _336\"></span>s rel<span class=\"__6 _336\"></span>atifs a<span class=\"__6 _336\"></span>ux participa<span class=\"__6 _342\"></span>tions de Sofin<span class=\"__6 _342\"></span>a Fond<span class=\"__6 _342\"></span>s Priv\u00e9<span class=\"__6 _336\"></span>s. Eu \u00e9ga<span class=\"__6 _342\"></span>rd \u00e0 </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws4c_4 gs9e\">sa tr\u00e9<span class=\"__6 _342\"></span>sorerie ne<span class=\"__6 _342\"></span>tte positive<span class=\"__6 _342\"></span>, \u00e0 l\u2019<span class=\"__6 _342\"></span>e<span class=\"__6 _336\"></span>xist<span class=\"__6 _342\"></span>ence de lignes de c<span class=\"__6 _336\"></span>r\u00e9dit b<span class=\"__6 _342\"></span>ancair<span class=\"__6 _336\"></span>es (non utili<span class=\"__6 _342\"></span>s\u00e9es \u2013 voir<span class=\"__6 _335\"></span>. </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws77_1 gs9f\">poin<span class=\"__6 _342\"></span>t 3.<span class=\"__6 _335\"></span>17), et aux inves<span class=\"__6 _342\"></span>tissemen<span class=\"__6 _342\"></span>ts dan<span class=\"__6 _336\"></span>s des acti<span class=\"__6 _342\"></span>ons cot<span class=\"__6 _342\"></span>\u00e9es sur des m<span class=\"__6 _336\"></span>ar<span class=\"__6 _342\"></span>ch\u00e9s liqui<span class=\"__6 _342\"></span>des et donc </div><div class=\"t_6 m37 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws5_6 gsa0\">ais\u00e9men<span class=\"__6 _342\"></span>t r\u00e9a<span class=\"__6 _342\"></span>lisables (da<span class=\"__6 _342\"></span>ns les portef<span class=\"__6 _342\"></span>euilles des Inv<span class=\"__6 _342\"></span>estiss<span class=\"__6 _336\"></span>emen<span class=\"__6 _342\"></span>ts de Sofina Dir<span class=\"__6 _336\"></span>ect et de So<span class=\"__6 _342\"></span>fina </div><div class=\"t_6 m38 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws1d_6 gsa1\">F<span class=\"__6 _342\"></span>onds Priv<span class=\"__6 _342\"></span>\u00e9s), et, si n\u00e9ce<span class=\"__6 _342\"></span>ssaire, de la c<span class=\"__6 _336\"></span>apacit<span class=\"__6 _342\"></span>\u00e9<span class=\"__6 _343\"></span> \u00e0 effect<span class=\"__6 _342\"></span>uer des tran<span class=\"__6 _342\"></span>saction<span class=\"__6 _342\"></span>s sur le marc<span class=\"__6 _336\"></span>h\u00e9 </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws86 gsa2\">secon<span class=\"__6 _336\"></span>dair<span class=\"__6 _336\"></span>e pour Sofin<span class=\"__6 _342\"></span>a Fond<span class=\"__6 _342\"></span>s Priv\u00e9s<span class=\"__6 _342\"></span>, le risque de liquidit<span class=\"__6 _342\"></span>\u00e9 auquel Sofina e<span class=\"__6 _336\"></span>st con<span class=\"__6 _342\"></span>fron<span class=\"__6 _342\"></span>t\u00e9e est<span class=\"__6 _342\"></span> </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gsa3\">extr<span class=\"__6 _342\"></span>\u00eamement m<span class=\"__6 _342\"></span>od\u00e9r\u00e9.<span class=\"__6 _341\"> </span></div><div class=\"gs11c\"><table class=\"s_1 w2c9 h37_1\" id=\"_67eb6197-33ac-4870-9ef4-491059de54e9\"><tr><td></td><td></td><td class=\"t_6 m0_6 x44c hb_6 y547 ff4_6 fs5_6 fc0_6 sc0_6 ls43_4 ws8f\">EN MILLIONS EUR<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"c_1 n_1 xe7_4 y548 w2ca h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">ENGA<span class=\"__6 _342\"></span>GEME<span class=\"__6 _342\"></span>NTS R\u00c9S<span class=\"__6 _336\"></span>IDUE<span class=\"__6 _342\"></span>LS BRIDG<span class=\"__6 _342\"></span>E DE SOF<span class=\"__6 _342\"></span>INA FO<span class=\"__6 _342\"></span>NDS PRIV\u00c9<span class=\"__6 _342\"></span>S<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x44d y548 w6e_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">31/12/<span class=\"__6 _342\"></span>202<span class=\"__6 _342\"></span>5<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x44e y548 w2cb h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">31/12/2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>4<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y549 w2cc h1b_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y3b0_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">D\u00e9but de l\u2019<span class=\"__6 _342\"></span>ann\u00e9e<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x44f y549 w2cd h1b_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y3b0_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.422<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x450 y549 w2ce h1b_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y3b0_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.300<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y54a w2cf h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Nouv<span class=\"__6 _336\"></span>eaux engagem<span class=\"__6 _342\"></span>ents<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x451 y54a w2d0 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls30_6 ws46_4\">59<span class=\"__6 _343\"></span>8<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x452 y54a w2d1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">4<span class=\"__6 _343\"></span>20<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y54b w2d2 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Inves<span class=\"__6 _342\"></span>tissement<span class=\"__6 _342\"></span>s<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x453 y54b w2d3 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-5<span class=\"__6 _342\"></span>11<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x454 y54b w2d4 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-406<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y54c w2d5 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1e_6 ws32_6\">Au<span class=\"__6 _343\"></span>tre<span class=\"__6 _343\"></span>s</div><div class=\"t_6 m0_6 x455 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x456 y54c w2d6 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">15<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x457 y54c w2d7 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">33<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3aa_2 w2d8 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Effet ch<span class=\"__6 _342\"></span>ange<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x458 y3aa_2 w2d9 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-195<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x459 y3aa_2 w2da h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">75<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y398_2 w2db h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">Fin de l\u2019<span class=\"__6 _342\"></span>ann\u00e9e</div><div class=\"t_6 m0_6 x45a h17_6 y54d ff4_6 fs8_6 fc0_6 sc0_6 ls2_6 ws33_5\">2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x45b y398_2 w2dc h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.32<span class=\"__6 _342\"></span>9<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x45c y398_2 w2dd h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.422<span class=\"__6 _341\"> </span></div></td></tr></table></div><div class=\"t_6 mf_3 h6_6 ff4_6 fs3_6 fc4_6 sc0_6 ls2_6 ws0_6 gs11d\">Risq<span class=\"__6 _336\"></span>ue de cr<span class=\"__6 _342\"></span>\u00e9dit</div><div class=\"t_6 m39 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws5_6 gs11e\">L<span class=\"__6 _342\"></span>e risque de cr<span class=\"__6 _342\"></span>\u00e9dit est le risq<span class=\"__6 _342\"></span>ue de contr<span class=\"__6 _342\"></span>epartie sur les liq<span class=\"__6 _336\"></span>uidit\u00e9<span class=\"__6 _342\"></span>s brutes. Il e<span class=\"__6 _342\"></span>st att\u00e9n<span class=\"__6 _342\"></span>u\u00e9 par une </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws81 gs11f\">diver<span class=\"__6 _342\"></span>sification a<span class=\"__6 _336\"></span>d\u00e9qua<span class=\"__6 _342\"></span>te des con<span class=\"__6 _342\"></span>trepa<span class=\"__6 _342\"></span>r<span class=\"__6 _343\"></span>ties (no<span class=\"__6 _342\"></span>tation de c<span class=\"__6 _342\"></span>r\u00e9dit et du<span class=\"__6 _336\"></span>ra<span class=\"__6 _342\"></span>tion, limite d\u2019<span class=\"__6 _335\"></span>expo<span class=\"__6 _336\"></span>sition </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs120\">par c<span class=\"__6 _336\"></span>ontr<span class=\"__6 _342\"></span>epartie, \u00e9m<span class=\"__6 _342\"></span>etteur e<span class=\"__6 _336\"></span>t sect<span class=\"__6 _342\"></span>eur).<span class=\"__6 _341\"> </span></div><div class=\"t_6 mf_3 h6_6 ff4_6 fs3_6 fc4_6 sc0_6 ls2_6 ws0_6 gs121\">Risq<span class=\"__6 _336\"></span>ue de conc<span class=\"__6 _336\"></span>entr<span class=\"__6 _342\"></span>ation</div><div class=\"t_6 m3a h2_6 ff2_6 fs1_6 fc1_6 sc0_6 lsb_6 ws1d_6 gs122\">L<span class=\"__6 _342\"></span>es 10 principale<span class=\"__6 _342\"></span>s participation<span class=\"__6 _342\"></span>s de Sofina Dire<span class=\"__6 _336\"></span>ct r<span class=\"__6 _336\"></span>epr\u00e9<span class=\"__6 _342\"></span>senten<span class=\"__6 _342\"></span>t 29% de l<span class=\"__6 _336\"></span>a ju<span class=\"__6 _342\"></span>ste va<span class=\"__6 _342\"></span>leur du </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs123\">portef<span class=\"__6 _342\"></span>euille en tran<span class=\"__6 _342\"></span>sparen<span class=\"__6 _342\"></span>ce</div><div class=\"t_6 m1_6 h13_6 ff2_6 fsb_6 fc1_6 sc0_6 ls4b_4 ws0_6 gs124\"> 3 </div><div class=\"t_6 m1_6 h3_6 ff3_6 fs1_6 fc1_6 sc0_6 ls2_6 ws0_6 gs125\">:<span class=\"__6 _341\"> </span></div><div class=\"gs126\"><table class=\"s_1 w2de h38\" id=\"_b3a7e138-bd30-4141-b0a5-92f30929e897\"><tr><td class=\"c_1 n_1 xe7_4 y54e w2df h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">1</div></td><td class=\"c_1 n_1 x45e y54e w2e0 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">HS<span class=\"__6 _342\"></span>G Co-Investm<span class=\"__6 _342\"></span>ent 2<span class=\"__6 _336\"></span>016-<span class=\"__6 _342\"></span>A (By<span class=\"__6 _343\"></span>teD<span class=\"__6 _342\"></span>ance)<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y54f w2e1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">2</div></td><td class=\"c_1 n_1 x45f y54f w1e1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">L<span class=\"__6 _342\"></span>ernen Midco 1 (Cognita)<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y550 w2e2 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">3</div></td><td class=\"c_1 n_1 x460 y550 w2e3 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Nux<span class=\"__6 _342\"></span>e Interna<span class=\"__6 _342\"></span>tional<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y551 w2e4 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">4<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x461 y551 w2e5 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Drylock T<span class=\"__6 _335\"></span>echnologie<span class=\"__6 _342\"></span>s<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y552 w2e6 h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">5</div></td><td class=\"c_1 n_1 x462 y552 w10b_1 h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">P<span class=\"__6 _342\"></span>roeduca Alt<span class=\"__6 _336\"></span>us<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y553 w2e7 h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">6</div></td><td class=\"c_1 n_1 x463 y553 w2e8 h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Cambrid<span class=\"__6 _342\"></span>ge Associat<span class=\"__6 _336\"></span>es<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y554 w2e9 h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">7</div></td><td class=\"c_1 n_1 x464 y554 w181 h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Vint<span class=\"__6 _342\"></span>ed<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y555 w2ea h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">8</div></td><td class=\"c_1 n_1 x465 y555 w2eb h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">MNH (M\u00e9ri<span class=\"__6 _342\"></span>eux NutriSciences)<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y556 w2ec h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">9</div></td><td class=\"c_1 n_1 x466 y556 w2ed h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Salt<span class=\"__6 _342\"></span>o System<span class=\"__6 _342\"></span>s<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w2ee h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">10<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x467 y398_2 w2ef h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Lancelot U<span class=\"__6 _336\"></span>K HoldCo (E<span class=\"__6 _342\"></span>G Soft<span class=\"__6 _343\"></span>war<span class=\"__6 _342\"></span>e)<span class=\"__6 _341\"> </span></div></td></tr></table></div><div class=\"t_6 m0_6 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs127\">1 <span class=\"__6 _346\"> </span> L<span class=\"__6 _336\"></span>e post<span class=\"__6 _336\"></span>e Autr<span class=\"__6 _336\"></span>es compr<span class=\"__6 _342\"></span>end principalemen<span class=\"__6 _342\"></span>t des distribution<span class=\"__6 _342\"></span>s rappelables<span class=\"__6 _336\"></span>, des ces<span class=\"__6 _336\"></span>sions e<span class=\"__6 _342\"></span>t des liquidation<span class=\"__6 _342\"></span>s de fonds a<span class=\"__6 _336\"></span>vec des en<span class=\"__6 _342\"></span>gagements r<span class=\"__6 _336\"></span>\u00e9siduels n<span class=\"__6 _342\"></span>on appel\u00e9s. </div><div class=\"t_6 m0_6 h11_6 ffb_1 fs9_6 fc3_6 sc0_6 ls22_6 ws9e gs128\">2<span class=\"__6 gsc4\"> </span><span class=\"__6 _347\"> </span><span class=\"__6 gsc4\"> </span>Des<span class=\"__6 gsc4\"> </span>engagemen<span class=\"__6 _342\"></span>ts<span class=\"__6 gsc4\"> </span>r\u00e9sid<span class=\"__6 _342\"></span>uels<span class=\"__6 gsc4\"> </span>suppl\u00e9mentair<span class=\"__6 _342\"></span>es<span class=\"__6 gsc4\"> </span>rela<span class=\"__6 _342\"></span>tifs<span class=\"__6 gsc4\"> </span>aux<span class=\"__6 gsc4\"> </span>investis<span class=\"__6 _336\"></span>sement<span class=\"__6 _342\"></span>s<span class=\"__6 gsc4\"> </span>Sofina<span class=\"__6 gsc4\"> </span>Direct<span class=\"__6 gsc4\"> </span>de<span class=\"__6 gsc4\"> </span>6<span class=\"__6 gsc4\"> </span>million<span class=\"__6 _342\"></span>s<span class=\"__6 gsc4\"> </span>EUR<span class=\"__6 gsc4\"> </span>au<span class=\"__6 gsc4\"> </span>31<span class=\"__6 gsc4\"> </span>d\u00e9c<span class=\"__6 _336\"></span>embre<span class=\"__6 gsc4\"> </span>2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>5<span class=\"__6 gsc4\"> </span>et<span class=\"__6 gsc4\"> </span>de<span class=\"__6 gsc4\"> </span>6<span class=\"__6 gsc4\"> </span>millions<span class=\"__6 gsc4\"> </span>EUR<span class=\"__6 gsc4\"> </span>au<span class=\"__6 gsc4\"> </span>3<span class=\"__6 _342\"></span>1<span class=\"__6 gsc4\"> </span>d\u00e9cembre<span class=\"__6 gsc4\"> </span>2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>4<span class=\"__6 gsc4\"> </span>portent<span class=\"__6 gsc4\"> </span>le<span class=\"__6 gsc4\"> </span>t<span class=\"__6 _342\"></span>otal<span class=\"__6 gsc4\"> </span>des<span class=\"__6 gsc4\"> </span>enga<span class=\"__6 _336\"></span>gement<span class=\"__6 _342\"></span>s<span class=\"__6 _343\"></span><span class=\"__6 gsc4\"> </span>non<span class=\"__6 gsc4\"> </span>appel\u00e9s<span class=\"__6 gsc4\"> </span>\u00e0<span class=\"__6 gsc4\"> </span>1.32<span class=\"__6 _342\"></span>9<span class=\"__6 gsc4\"> </span>millions<span class=\"__6 gsc4\"> </span>EU<span class=\"__6 _336\"></span>R<span class=\"__6 gsc4\"> </span>et<span class=\"__6 gsc4\"> </span>1.422<span class=\"__6 gsc4\"> </span>million<span class=\"__6 _336\"></span>s<span class=\"__6 gsc4\"> </span></div><div class=\"t_6 m0_6 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs129\">EUR re<span class=\"__6 _342\"></span>spectivement.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m0_6 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs12a\">3 <span class=\"__6 _347\"> </span>  <span class=\"__6 _340\"></span>Class\u00e9es pa<span class=\"__6 _342\"></span>r ordre d\u00e9c<span class=\"__6 _336\"></span>roi<span class=\"__6 _336\"></span>ssan<span class=\"__6 _342\"></span>t de juste v<span class=\"__6 _342\"></span>aleur au 31 d\u00e9c<span class=\"__6 _342\"></span>embre 2<span class=\"__6 _342\"></span>025 (portef<span class=\"__6 _342\"></span>euille en transp<span class=\"__6 _336\"></span>aren<span class=\"__6 _336\"></span>ce). L<span class=\"__6 _342\"></span>e classemen<span class=\"__6 _342\"></span>t de nos participati<span class=\"__6 _336\"></span>ons Sofin<span class=\"__6 _342\"></span>a Direct ne tien<span class=\"__6 _342\"></span>t pas compt<span class=\"__6 _342\"></span>e des expositions in<span class=\"__6 _342\"></span>directes \u00e0 c<span class=\"__6 _336\"></span>es participa<span class=\"__6 _342\"></span>tions, d\u00e9t<span class=\"__6 _342\"></span>enues au tra<span class=\"__6 _342\"></span>vers de certains<span class=\"__6 _336\"></span> </div><div class=\"t_6 m0_6 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs12b\">fond<span class=\"__6 _336\"></span>s de Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9<span class=\"__6 _342\"></span>s.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h3_6 ff3_6 fs1_6 fc1_6 sc0_6 ls1_6 ws2_6 gs12d\">Il est \u00e0 not<span class=\"__6 _342\"></span>er <span class=\"__6 _343\"></span>que<span class=\"__6 gs2c\"> </span>:<span class=\"__6 _341\"> </span></div><div class=\"t_6 m3b h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws1d_6 gs12e\">\u2022 <span class=\"__6 _335\"></span> <span class=\"__6 _f6\"></span>les 4 inv<span class=\"__6 _342\"></span>estissem<span class=\"__6 _342\"></span>ents principa<span class=\"__6 _342\"></span>ux au sein de Sofina Dir<span class=\"__6 _342\"></span>ect repr<span class=\"__6 _342\"></span>\u00e9sen<span class=\"__6 _342\"></span>tent plu<span class=\"__6 _342\"></span>s de 15% mais </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs12f\">moin<span class=\"__6 _342\"></span>s de 20% d<span class=\"__6 _336\"></span>u to<span class=\"__6 _342\"></span>tal du portef<span class=\"__6 _342\"></span>euille en tran<span class=\"__6 _342\"></span>spar<span class=\"__6 _342\"></span>ence</div><div class=\"t_6 m1_6 h13_6 ff2_6 fsb_6 fc1_6 sc0_6 ls2_6 wsa0 gs130\"> 1<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls2_6 ws0_6 gs131\">. </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws4_6 gs132\">\u2022 <span class=\"__6 _343\"></span> <span class=\"__6 _340\"></span>les 6 inv<span class=\"__6 _342\"></span>estissemen<span class=\"__6 _342\"></span>ts principaux a<span class=\"__6 _342\"></span>u sein de Sofina Dire<span class=\"__6 _336\"></span>ct r<span class=\"__6 _342\"></span>epr\u00e9sen<span class=\"__6 _342\"></span>ten<span class=\"__6 _336\"></span>t plus de 2<span class=\"__6 _342\"></span>0% du to<span class=\"__6 _342\"></span>tal </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs133\">du portef<span class=\"__6 _342\"></span>euille en tra<span class=\"__6 _336\"></span>nspa<span class=\"__6 _342\"></span>rence</div><div class=\"t_6 m1_6 h13_6 ff2_6 fsb_6 fc1_6 sc0_6 ls2_6 wsa0 gs134\"> 1<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls2_6 ws0_6 gs135\">. </div><div class=\"t_6 m3c h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls8_6 wsb_6 gs136\">\u2022 <span class=\"__6 _335\"></span> <span class=\"__6 _f6\"></span>de t<span class=\"__6 _342\"></span>outes le<span class=\"__6 _342\"></span>s participati<span class=\"__6 _336\"></span>ons r<span class=\"__6 _342\"></span>eprises d<span class=\"__6 _336\"></span>an<span class=\"__6 _342\"></span>s la liste ci-de<span class=\"__6 _342\"></span>ssus pris individ<span class=\"__6 _342\"></span>uellement, B<span class=\"__6 _336\"></span>y<span class=\"__6 _343\"></span>te<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1f_6 ws34_5 gs137\">Dan<span class=\"__6 _343\"></span>ce</div><div class=\"t_6 m1_6 h18_6 ff3_6 fsb_6 fc1_6 sc0_6 ls4c_4 wsa1 gs138\"><span class=\"__6 gs139\"> </span>2</div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws8d gs13a\"> est le se<span class=\"__6 _342\"></span>ul actif repr<span class=\"__6 _342\"></span>\u00e9sen<span class=\"__6 _342\"></span>tant pl<span class=\"__6 _336\"></span>us de 5% de la j<span class=\"__6 _342\"></span>uste v<span class=\"__6 _342\"></span>aleur du porte<span class=\"__6 _336\"></span>fe<span class=\"__6 _342\"></span>uill<span class=\"__6 _343\"></span>e en tra<span class=\"__6 _342\"></span>ns<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls4d_4 ws9d gs13b\">pare<span class=\"__6 _343\"></span>n<span class=\"__6 _343\"></span>ce</div><div class=\"t_6 m1_6 h13_6 ff2_6 fsb_6 fc1_6 sc0_6 ls2_6 wsa0 gs13c\"> 1<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls2_6 ws0_6 gs13d\">. </div><div class=\"t_6 m3d h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls4_6 ws3_6 gs13e\">Il n\u2019y a pa<span class=\"__6 _342\"></span>s de position<span class=\"__6 _336\"></span>s dominan<span class=\"__6 _342\"></span>tes<span class=\"__6 _342\"></span>. Le<span class=\"__6 _336\"></span>s participa<span class=\"__6 _342\"></span>tions de niv<span class=\"__6 _342\"></span>eau 3 dan<span class=\"__6 _342\"></span>s le top 10 son<span class=\"__6 _336\"></span>t \u00e9v<span class=\"__6 _336\"></span>alu\u00e9e<span class=\"__6 _342\"></span>s </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws1f_6 gs13f\">selon le Disc<span class=\"__6 _336\"></span>oun<span class=\"__6 _342\"></span>ted Ca<span class=\"__6 _342\"></span>sh Flow model, les multiple<span class=\"__6 _342\"></span>s du mar<span class=\"__6 _342\"></span>ch\u00e9 ou la va<span class=\"__6 _342\"></span>leur de la derni\u00e8r<span class=\"__6 _342\"></span>e </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs140\">tra<span class=\"__6 _342\"></span>nsaction r<span class=\"__6 _342\"></span>\u00e9cen<span class=\"__6 _336\"></span>te<span class=\"__6 _336\"></span>, comme d\u00e9c<span class=\"__6 _342\"></span>rit dans l<span class=\"__6 _336\"></span>a section 2.<span class=\"__6 _342\"></span>3 ci-dessus.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws86 gs141\">L<span class=\"__6 _342\"></span>es 10 principaux Ge<span class=\"__6 _342\"></span>stionnair<span class=\"__6 _336\"></span>es de Sofin<span class=\"__6 _342\"></span>a Fond<span class=\"__6 _342\"></span>s Priv\u00e9<span class=\"__6 _336\"></span>s repr<span class=\"__6 _342\"></span>\u00e9sen<span class=\"__6 _342\"></span>tent 22% de l<span class=\"__6 _336\"></span>a ju<span class=\"__6 _342\"></span>ste va<span class=\"__6 _342\"></span>leur<span class=\"ls2_6 ws0_6\"> </span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs142\">du portef<span class=\"__6 _342\"></span>euille en tra<span class=\"__6 _336\"></span>nspa<span class=\"__6 _342\"></span>rence</div><div class=\"t_6 m1_6 h18_6 ff3_6 fsb_6 fc1_6 sc0_6 ls4b_4 wsa2 gs143\">\u202f3 </div><div class=\"t_6 m1_6 h3_6 ff3_6 fs1_6 fc1_6 sc0_6 ls2_6 ws0_6 gs144\">:<span class=\"__6 _341\"> </span></div><div class=\"gs145\"><table class=\"s_1 w2ff h3a\" id=\"_1ea39eb0-d6e1-4f64-988d-43aa12559e6c\"><tr><td class=\"c_1 n_1 xe7_4 y55a w300 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x47c y55a w301 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sequoia C<span class=\"__6 _342\"></span>apital<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y55b w2e1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">2</div></td><td class=\"c_1 n_1 x47d y55b w302 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Lightspeed<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y55c w2e2 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">3</div></td><td class=\"c_1 n_1 x47e y55c w303 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">HongSha<span class=\"__6 _342\"></span>n<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y55d w304 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">4</div></td><td class=\"c_1 n_1 x47f y55d w6_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Pe<span class=\"__6 _336\"></span>ak XV<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y55e w305 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">5</div></td><td class=\"c_1 n_1 x480 y55e w306 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Andreess<span class=\"__6 _342\"></span>en Horowitz<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y55f w307 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">6</div></td><td class=\"c_1 n_1 x481 y55f w308 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Batt<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>y<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y560 w309 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">7<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x47d y560 w30a h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Insight P<span class=\"__6 _335\"></span>artners<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3f9_2 w30b h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">8<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x482 y3f9_2 w30c h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Thrive Ca<span class=\"__6 _336\"></span>pital<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3fa_2 w2ec h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">9<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x483 y3fa_2 w30d h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Thoma Br<span class=\"__6 _342\"></span>avo<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w2ee h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">10<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x484 y398_2 w30e h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Iconiq Cap<span class=\"__6 _342\"></span>ital<span class=\"__6 _341\"> </span></div></td></tr></table></div><div class=\"t_6 mf_3 h6_6 ff4_6 fs3_6 fc4_6 sc0_6 ls2_6 ws0_6 gs146\">Guerre en Uk<span class=\"__6 _342\"></span>raine</div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws24_6 gs147\">Con<span class=\"__6 _342\"></span>form\u00e9men<span class=\"__6 _342\"></span>t \u00e0 la <span class=\"fc5_5\">rec<span class=\"__6 _342\"></span>ommanda<span class=\"__6 _342\"></span>tion de l\u2019E<span class=\"__6 _342\"></span>SMA du 1<span class=\"ws2_6\">4 <span class=\"__6 _342\"></span><span class=\"ws24_6\">mar<span class=\"__6 _342\"></span>s 20<span class=\"__6 _342\"></span>22<span class=\"fc1_6\">, \u00e0 la </span>d\u00e9clar<span class=\"__6 _342\"></span>ation publi<span class=\"__6 _342\"></span>que du </span></span></span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc5_5 sc0_6 ls2_6 ws0_6 gs148\">1<span class=\"ls1_6 ws2_6\">3 <span class=\"wsa3\">m<span class=\"__6 _336\"></span>ai 2<span class=\"__6 _342\"></span>02<span class=\"ws2_6\">2 <span class=\"__6 _336\"></span><span class=\"wsa3\">sur les impli<span class=\"__6 _342\"></span>cation<span class=\"__6 _342\"></span>s de l\u2019invasion de l\u2019Uk<span class=\"__6 _342\"></span>raine pa<span class=\"__6 _342\"></span>r la Russi<span class=\"__6 _336\"></span>e sur les r<span class=\"__6 _342\"></span>apports finan<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></span></span></span></span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc5_5 sc0_6 ls1_6 wsa4 gs149\">ciers s<span class=\"__6 _342\"></span>emestriels<span class=\"fc1_6\"> e<span class=\"__6 _342\"></span>t \u00e0 la <span class=\"fc5_5\">d\u00e9clar<span class=\"__6 _342\"></span>ation publi<span class=\"__6 _336\"></span>que du 2<span class=\"__6 _342\"></span><span class=\"ws2_6\">8 <span class=\"wsa4\">oct<span class=\"__6 _342\"></span>obre 2<span class=\"__6 _342\"></span>02<span class=\"ws2_6\">2 <span class=\"__6 _336\"></span><span class=\"wsa4\">sur les priorit<span class=\"__6 _342\"></span>\u00e9s commun<span class=\"__6 _336\"></span>es </span></span></span></span></span></span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc5_5 sc0_6 ls1_6 wsa5 gs14a\">eur<span class=\"__6 _342\"></span>op\u00e9ennes en ma<span class=\"__6 _342\"></span>ti\u00e8re d\u2019<span class=\"__6 _342\"></span>appli<span class=\"__6 _342\"></span>cation de la lo<span class=\"__6 _342\"></span>i pour les ra<span class=\"__6 _336\"></span>pports financi<span class=\"__6 _342\"></span>ers annuel<span class=\"__6 _336\"></span>s de 2<span class=\"__6 _342\"></span>022<span class=\"fc1_6 ls2_6 ws0_6\">, </span></div><div class=\"t_6 m3e h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls3_6 ws5_6 gs14b\">Sofina pe<span class=\"__6 _342\"></span>ut confirmer qu\u2019<span class=\"__6 _335\"></span>elle a une e<span class=\"__6 _342\"></span>xposition sp\u00e9cifique tr<span class=\"__6 _342\"></span>\u00e8s limit\u00e9e \u00e0 l<span class=\"__6 _342\"></span>a crise ukr<span class=\"__6 _342\"></span>ainienne, q<span class=\"__6 _336\"></span>ui </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws78_1 gs14c\">n\u2019<span class=\"__6 _335\"></span>a pas eu d\u2019impa<span class=\"__6 _336\"></span>ct dir<span class=\"__6 _342\"></span>ect mat<span class=\"__6 _342\"></span>\u00e9riel sur ses activit<span class=\"__6 _342\"></span>\u00e9s. L<span class=\"__6 _342\"></span>e groupe n<span class=\"__6 _342\"></span>\u2019<span class=\"__6 _335\"></span>est pas a<span class=\"__6 _342\"></span>f<span class=\"__6 _343\"></span>fec<span class=\"__6 _336\"></span>t\u00e9 pa<span class=\"__6 _342\"></span>r les sanc<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></div><div class=\"t_6 m3f h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls3_6 ws5_6 gs14d\">tion<span class=\"__6 _336\"></span>s \u00e9conomi<span class=\"__6 _336\"></span>ques appli<span class=\"__6 _336\"></span>qu\u00e9es pa<span class=\"__6 _342\"></span>r l\u2019Union europ\u00e9enn<span class=\"__6 _342\"></span>e. L<span class=\"__6 _336\"></span>es soci\u00e9<span class=\"__6 _342\"></span>t\u00e9s du portef<span class=\"__6 _342\"></span>euille de Sofina </div><div class=\"t_6 m40 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls3_6 ws5_6 gs14e\">Direc<span class=\"__6 _342\"></span>t ayan<span class=\"__6 _342\"></span>t des activit<span class=\"__6 _342\"></span>\u00e9s ou une e<span class=\"__6 _342\"></span>xposition not<span class=\"__6 _336\"></span>able en Uk<span class=\"__6 _342\"></span>raine ou R<span class=\"__6 _336\"></span>ussi<span class=\"__6 _336\"></span>e et Bi\u00e9loru<span class=\"__6 _342\"></span>ssie repr<span class=\"__6 _342\"></span>\u00e9<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 wsa_6 gs14f\">sen<span class=\"__6 _342\"></span>tent mo<span class=\"__6 _342\"></span>ins de 3% de la ju<span class=\"__6 _342\"></span>ste va<span class=\"__6 _342\"></span>leur du portef<span class=\"__6 _342\"></span>euille tota<span class=\"__6 _342\"></span>l en tran<span class=\"__6 _342\"></span>sparen<span class=\"__6 _342\"></span>ce au 31 d\u00e9cem<span class=\"__6 _342\"></span>bre </div><div class=\"t_6 m41 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 lsb_6 ws1d_6 gs150\">2<span class=\"__6 _342\"></span>025. So<span class=\"__6 _342\"></span>fina Fon<span class=\"__6 _342\"></span>ds Priv\u00e9<span class=\"__6 _342\"></span>s est mar<span class=\"__6 _342\"></span>ginalemen<span class=\"__6 _342\"></span>t expos\u00e9 \u00e0 des soci<span class=\"__6 _342\"></span>\u00e9t\u00e9s sou<span class=\"__6 _342\"></span>s-jacen<span class=\"__6 _342\"></span>tes ay<span class=\"__6 _342\"></span>ant </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 wsa6 gs151\">une certaine pr<span class=\"__6 _342\"></span>\u00e9senc<span class=\"__6 _336\"></span>e en Ukr<span class=\"__6 _342\"></span>aine ou en Ru<span class=\"__6 _336\"></span>ssie et Bi<span class=\"__6 _342\"></span>\u00e9lorussie qui son<span class=\"__6 _342\"></span>t estim\u00e9e<span class=\"__6 _342\"></span>s repr<span class=\"__6 _336\"></span>\u00e9sen<span class=\"__6 _342\"></span>ter </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws21_6 gs152\">une petit<span class=\"__6 _342\"></span>e proportion du nom<span class=\"__6 _342\"></span>bre to<span class=\"__6 _342\"></span>tal de soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s dan<span class=\"__6 _342\"></span>s le por<span class=\"__6 _343\"></span>tef<span class=\"__6 _342\"></span>euille sous-j<span class=\"__6 _336\"></span>acen<span class=\"__6 _342\"></span>t. Le<span class=\"__6 _342\"></span>s Ges<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span></div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws1b_6 gs153\">tionnair<span class=\"__6 _342\"></span>es ont en<span class=\"__6 _342\"></span>qu\u00eat\u00e9 sur leur<span class=\"__6 _342\"></span>s liens po<span class=\"__6 _336\"></span>ten<span class=\"__6 _342\"></span>tiels av<span class=\"__6 _342\"></span>ec la Russi<span class=\"__6 _342\"></span>e, nota<span class=\"__6 _342\"></span>mment en r<span class=\"__6 _342\"></span>echerc<span class=\"__6 _342\"></span>hant<span class=\"__6 _342\"></span> </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 wsa7 gs154\">l\u2019<span class=\"__6 _342\"></span>argen<span class=\"__6 _342\"></span>t russe d<span class=\"__6 _336\"></span>an<span class=\"__6 _342\"></span>s leur base d\u2019inv<span class=\"__6 _342\"></span>estisse<span class=\"__6 _336\"></span>urs<span class=\"__6 _336\"></span>, et n<span class=\"__6 _336\"></span>\u2019<span class=\"__6 _335\"></span>ont pa<span class=\"__6 _342\"></span>s signal\u00e9 de probl\u00e8m<span class=\"__6 _342\"></span>e significatif \u00e0 </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws1b_6 gs155\">cet \u00e9ga<span class=\"__6 _342\"></span>rd. L<span class=\"__6 _342\"></span>es principale<span class=\"__6 _342\"></span>s cons\u00e9quen<span class=\"__6 _342\"></span>ces \u00e9conomi<span class=\"__6 _336\"></span>ques po<span class=\"__6 _342\"></span>tentielle<span class=\"__6 _342\"></span>s de la crise uk<span class=\"__6 _342\"></span>rainienne<span class=\"__6 _342\"></span> </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 wsa8 gs156\">sur le portef<span class=\"__6 _342\"></span>euille ne son<span class=\"__6 _336\"></span>t pas de n<span class=\"__6 _336\"></span>at<span class=\"__6 _342\"></span>ure sp\u00e9cifique c<span class=\"__6 _336\"></span>ar elles s<span class=\"__6 _336\"></span>ont li<span class=\"__6 _342\"></span>\u00e9es \u00e0 son impac<span class=\"__6 _342\"></span>t sur le </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws9a gs157\">prix des ma<span class=\"__6 _342\"></span>ti\u00e8re<span class=\"__6 _342\"></span>s premi\u00e8r<span class=\"__6 _336\"></span>es, y c<span class=\"__6 _342\"></span>ompris l\u2019<span class=\"__6 _335\"></span>\u00e9nergie, le<span class=\"__6 _342\"></span>s per<span class=\"__6 _343\"></span>turba<span class=\"__6 _342\"></span>tions po<span class=\"__6 _336\"></span>ten<span class=\"__6 _342\"></span>tielles de la ch<span class=\"__6 _336\"></span>a\u00eene </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws7b gs158\">d\u2019<span class=\"__6 _342\"></span>appr<span class=\"__6 _342\"></span>ovisionnem<span class=\"__6 _342\"></span>ent, les pr<span class=\"__6 _342\"></span>\u00e9occupa<span class=\"__6 _342\"></span>tions conc<span class=\"__6 _342\"></span>ernant u<span class=\"__6 _336\"></span>n risque c<span class=\"__6 _342\"></span>roissa<span class=\"__6 _342\"></span>nt de cyber-a<span class=\"__6 _336\"></span>ttaque<span class=\"__6 _336\"></span>s </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws70_2 gs159\">et, plu<span class=\"__6 _342\"></span>s g\u00e9n\u00e9ralem<span class=\"__6 _342\"></span>ent, l\u2019impac<span class=\"__6 _342\"></span>t macr<span class=\"__6 _336\"></span>o-\u00e9conomi<span class=\"__6 _336\"></span>que sur la c<span class=\"__6 _336\"></span>ro<span class=\"__6 _342\"></span>issance d<span class=\"__6 _342\"></span>u PIB, l\u2019in<span class=\"__6 _336\"></span>fla<span class=\"__6 _336\"></span>tion et le<span class=\"__6 _342\"></span>s </div><div class=\"t_6 m42 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws1d_6 gs15a\">taux d\u2019in<span class=\"__6 _342\"></span>t\u00e9r\u00ea<span class=\"__6 _342\"></span>t. Un grand n<span class=\"__6 _336\"></span>ombr<span class=\"__6 _336\"></span>e de soci\u00e9t<span class=\"__6 _342\"></span>\u00e9s du portef<span class=\"__6 _342\"></span>euille et de Gesti<span class=\"__6 _336\"></span>onnair<span class=\"__6 _336\"></span>es, ain<span class=\"__6 _342\"></span>si que </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws6_6 gs15b\">leur<span class=\"__6 _342\"></span>s employ\u00e9s<span class=\"__6 _336\"></span>, son<span class=\"__6 _336\"></span>t engag\u00e9<span class=\"__6 _336\"></span>s dan<span class=\"__6 _342\"></span>s diverse<span class=\"__6 _342\"></span>s initiative<span class=\"__6 _342\"></span>s visant \u00e0 s<span class=\"__6 _336\"></span>outenir l\u2019Uk<span class=\"__6 _342\"></span>raine<span class=\"__6 _342\"></span>, en accord<span class=\"__6 _342\"></span> </div><div class=\"t_6 m1_6 h2_6 ff2_6 fs1_6 fc1_6 sc0_6 ls1_6 ws0_6 gs15c\">av<span class=\"__6 _342\"></span>ec ce que Sofina a f<span class=\"__6 _336\"></span>ait.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs127\">1 <span class=\"__6 _346\"> </span> P<span class=\"__6 _342\"></span>articipation<span class=\"__6 _336\"></span>s les plus im<span class=\"__6 _342\"></span>por<span class=\"__6 _343\"></span>tan<span class=\"__6 _336\"></span>tes en t<span class=\"__6 _342\"></span>ermes de repr<span class=\"__6 _342\"></span>\u00e9senta<span class=\"__6 _342\"></span>tion dans la j<span class=\"__6 _336\"></span>ust<span class=\"__6 _336\"></span>e vale<span class=\"__6 _336\"></span>ur du portef<span class=\"__6 _342\"></span>euille en transp<span class=\"__6 _336\"></span>aren<span class=\"__6 _336\"></span>ce et selon les prin<span class=\"__6 _342\"></span>cipes de valorisa<span class=\"__6 _342\"></span>tion d\u00e9taill\u00e9s au poin<span class=\"__6 _342\"></span>t 2.3 ci-dessus. Cl<span class=\"__6 _336\"></span>ass\u00e9e<span class=\"__6 _342\"></span>s par ordr<span class=\"__6 _336\"></span>e d\u00e9cr<span class=\"__6 _336\"></span>oissa<span class=\"__6 _336\"></span>nt de ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _336\"></span>ur au 3<span class=\"__6 _342\"></span>1 </div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs128\"> <span class=\"__6 _353\"> </span> d\u00e9cembr<span class=\"__6 _342\"></span>e 202<span class=\"__6 _342\"></span>5. Le c<span class=\"__6 _336\"></span>lass<span class=\"__6 _336\"></span>ement de<span class=\"__6 _342\"></span>s participations de So<span class=\"__6 _342\"></span>fina Direct ne pr<span class=\"__6 _342\"></span>end pas en compt<span class=\"__6 _342\"></span>e les participation<span class=\"__6 _342\"></span>s indirect<span class=\"__6 _336\"></span>es dan<span class=\"__6 _342\"></span>s ces soci\u00e9t<span class=\"__6 _336\"></span>\u00e9s \u00e0 tra<span class=\"__6 _342\"></span>vers certain<span class=\"__6 _336\"></span>s fond<span class=\"__6 _336\"></span>s de Sofina F<span class=\"__6 _342\"></span>onds Priv\u00e9<span class=\"__6 _342\"></span>s.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs15d\">2 <span class=\"__6 _347\"> </span> Sofina va<span class=\"__6 _342\"></span>lorise sa participation d<span class=\"__6 _342\"></span>ans HS<span class=\"__6 _342\"></span>C Co-Investmen<span class=\"__6 _342\"></span>t 20<span class=\"__6 _342\"></span>16-A sur base de la m<span class=\"__6 _336\"></span>\u00e9thode de va<span class=\"__6 _342\"></span>lorisation des multiple<span class=\"__6 _342\"></span>s de march\u00e9 a<span class=\"__6 _342\"></span>vec une d\u00e9cot<span class=\"__6 _342\"></span>e d\u2019illiquidit\u00e9. S<span class=\"__6 _342\"></span>a participation dan<span class=\"__6 _342\"></span>s ByteDan<span class=\"__6 _342\"></span>ce au niveau de Sofina F<span class=\"__6 _342\"></span>onds Priv<span class=\"__6 _342\"></span>\u00e9s est \u00e9va<span class=\"__6 _342\"></span>lu\u00e9e </div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs12a\"> <span class=\"__6 _353\"> </span> sur base des dernier<span class=\"__6 _342\"></span>s rapports obten<span class=\"__6 _342\"></span>us des Gestionnair<span class=\"__6 _342\"></span>es (o\u00f9 l\u2019inf<span class=\"__6 _342\"></span>ormation est di<span class=\"__6 _336\"></span>sponible). </div><div class=\"t_6 m10_2 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gsc3\">3 <span class=\"__6 _347\"> </span> Princip<span class=\"__6 _336\"></span>aux Gestionn<span class=\"__6 _342\"></span>aires en terme<span class=\"__6 _336\"></span>s de repr<span class=\"__6 _342\"></span>\u00e9senta<span class=\"__6 _342\"></span>tion estim\u00e9e de leur<span class=\"__6 _342\"></span>s fonds dan<span class=\"__6 _342\"></span>s la just<span class=\"__6 _336\"></span>e valeu<span class=\"__6 _336\"></span>r du portef<span class=\"__6 _342\"></span>euille de Sofina en tran<span class=\"__6 _342\"></span>sparence<span class=\"__6 _342\"></span>. Class\u00e9s  pa<span class=\"__6 _336\"></span>r ordr<span class=\"__6 _342\"></span>e d\u00e9crois<span class=\"__6 _342\"></span>sant de jus<span class=\"__6 _342\"></span>te valeur au 3<span class=\"__6 _342\"></span>1 d\u00e9cembre 2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>5. </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-266": {
   "value": "Risq<span class=\"__6 _336\"></span>ue de cha<span class=\"__6 _336\"></span>ngeL<span class=\"__6 _342\"></span>e por<span class=\"__6 _343\"></span>tef<span class=\"__6 _342\"></span>euille d\u2019inves<span class=\"__6 _342\"></span>tissemen<span class=\"__6 _342\"></span>t est soumis en<span class=\"__6 _342\"></span>tre au<span class=\"__6 _336\"></span>tre<span class=\"__6 _342\"></span>s aux risques de c<span class=\"__6 _336\"></span>han<span class=\"__6 _342\"></span>ge. L<span class=\"__6 _342\"></span>e principal risque de c<span class=\"__6 _336\"></span>han<span class=\"__6 _342\"></span>ge por<span class=\"__6 _343\"></span>te sur des a<span class=\"__6 _336\"></span>ctifs libell\u00e9s en doll<span class=\"__6 _342\"></span>ars am<span class=\"__6 _336\"></span>\u00e9ricain<span class=\"__6 _342\"></span>s, en livres s<span class=\"__6 _342\"></span>terling, en r<span class=\"__6 _336\"></span>ou<span class=\"ls2_6 ws0_6\">-<span class=\"__6 _341\"> </span></span>pie<span class=\"__6 _342\"></span>s indiennes en co<span class=\"__6 _336\"></span>uronn<span class=\"__6 _342\"></span>es dano<span class=\"__6 _342\"></span>ises et en yua<span class=\"__6 _342\"></span>n chinois r<span class=\"__6 _342\"></span>enminbi. \u00c0 titre d\u2019in<span class=\"__6 _342\"></span>forma<span class=\"__6 _342\"></span>tion, la va<span class=\"__6 _336\"></span>ria<span class=\"__6 _336\"></span>tion de 10% en plu<span class=\"__6 _336\"></span>s ou en moin<span class=\"__6 _342\"></span>s par ra<span class=\"__6 _342\"></span>ppor<span class=\"__6 _343\"></span>t au cour<span class=\"__6 _342\"></span>s du 31 d\u00e9cem<span class=\"__6 _342\"></span>bre 2<span class=\"__6 _342\"></span>025 donner<span class=\"__6 _342\"></span>ait une va<span class=\"__6 _342\"></span>riation de la ju<span class=\"__6 _342\"></span>ste vale<span class=\"__6 _342\"></span>ur <span class=\"__6 _343\"></span>du portef<span class=\"__6 _336\"></span>euille repri<span class=\"__6 _342\"></span>se dans le tablea<span class=\"__6 _342\"></span>u <span class=\"__6 _343\"></span>ci-dessou<span class=\"__6 _342\"></span>s<span class=\"__6 gs2c\"> </span>:<span class=\"__6 _341\"> </span><table class=\"s_1 w2a8 h36_1\" id=\"_f253bc67-49a5-4fc8-8d03-ee7274488be1\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x429 hb_6 y540 ff4_6 fs5_6 fc0_6 sc0_6 ls43_4 ws8f\">EN MILLIONS EUR<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td class=\"c_1 n_1 x41d y541 w2a9 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls25_6 ws3b_4\">USD<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x42a y541 w2aa h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls24_6 ws3a_4\">GBP<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x42b y541 w2ab h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">INR<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x42c y541 w2ac h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls26_6 ws98\">DKK<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x42d y541 w2ad h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls28_6 ws3e_4\">CNY<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y542 w2ae h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws4a_4\">Juste<span class=\"__6 _343\"></span> vale<span class=\"__6 _343\"></span>ur<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x42e y542 w2af h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">6.<span class=\"__6 _342\"></span>368<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x42f y542 w2b0 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls49_4 ws99\">74<span class=\"__6 _a_5\"></span>8<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x430 y542 w2b1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">363<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x431 y542 w2b2 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls25_6 ws3b_4\">179<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x432 y542 w2b3 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls3e_4 ws84\">25<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y543 w2b4 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Cou<span class=\"__6 _336\"></span>rs de ch<span class=\"__6 _336\"></span>ange (EU<span class=\"__6 _336\"></span>R/<span class=\"__6 _335\"></span>devis<span class=\"__6 _342\"></span>e)<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x433 y543 w2b5 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1,<span class=\"__6 _335\"></span>1750<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x434 y543 w2b6 h1b_6\" colspan=\"2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2e_6 ws44_4\">0<span class=\"__6 _343\"></span>,<span class=\"__6 _343\"></span>8726<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x435 y543 w2b7 h1b_6\" colspan=\"2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">105,<span class=\"__6 _336\"></span>5<span class=\"__6 _342\"></span>965<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x436 y543 w2b8 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">7<span class=\"__6 _342\"></span>,4689<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x437 y543 w2b9 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">8,2262<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y544 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sensib<span class=\"__6 _336\"></span>ilit\u00e9 du c<span class=\"__6 _336\"></span>ours de c<span class=\"__6 _336\"></span>han<span class=\"__6 _342\"></span>ge<span class=\"__6 _341\"> </span></td><td class=\"c_1 n_1 x438 y546 w2ba h21_4\"><div class=\"t_6 m0_6 xe6_4 h16_6 y545 ff2_6 fs6_6 fc1_6 sc0_6 ls17_6 ws38_4\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x439 y546 w2bb h21_4\"><div class=\"t_6 m0_6 xe6_4 h16_6 y545 ff2_6 fs6_6 fc1_6 sc0_6 ls17_6 ws38_4\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x43a y546 w2ba h21_4\"><div class=\"t_6 m0_6 xe6_4 h16_6 y545 ff2_6 fs6_6 fc1_6 sc0_6 ls17_6 ws38_4\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x43b y546 w2bb h21_4\"><div class=\"t_6 m0_6 xe6_4 h16_6 y545 ff2_6 fs6_6 fc1_6 sc0_6 ls17_6 ws38_4\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x43c y546 w2ba h21_4\"><div class=\"t_6 m0_6 xe6_4 h16_6 y545 ff2_6 fs6_6 fc1_6 sc0_6 ls17_6 ws38_4\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x43d y546 w2bb h21_4\"><div class=\"t_6 m0_6 xe6_4 h16_6 y545 ff2_6 fs6_6 fc1_6 sc0_6 ls17_6 ws38_4\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x43e y546 w2ba h21_4\"><div class=\"t_6 m0_6 xe6_4 h16_6 y545 ff2_6 fs6_6 fc1_6 sc0_6 ls17_6 ws38_4\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x43f y546 w2bc h21_4\"><div class=\"t_6 m0_6 xe6_4 h16_6 y545 ff2_6 fs6_6 fc1_6 sc0_6 ls17_6 ws38_4\">10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x440 y546 w2ba h21_4\"><div class=\"t_6 m0_6 xe6_4 h16_6 y545 ff2_6 fs6_6 fc1_6 sc0_6 ls17_6 ws38_4\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x441 y546 w2bd h21_4\"><div class=\"t_6 m0_6 xe6_4 h16_6 y545 ff2_6 fs6_6 fc1_6 sc0_6 ls17_6 ws38_4\">10%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w2be h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">Impact<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x442 y398_2 w2bf h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+708<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x443 y398_2 w2c0 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2c_6 ws42_4\">-<span class=\"__6 _2f_4\"></span>579<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x444 y398_2 w2c1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2f_6 ws45_4\">+83<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x445 y398_2 w2c2 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-68<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x446 y398_2 w2c3 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2d_6 ws43_4\">+<span class=\"__6 _343\"></span>41<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x447 y398_2 w2c4 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-33<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x448 y398_2 w2c5 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+19<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x449 y398_2 w2c6 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-17<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x44a y398_2 w2c7 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+3<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x44b y398_2 w2c8 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-2<span class=\"__6 _341\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-267": {
   "value": "Risq<span class=\"__6 _336\"></span>ue de prixL<span class=\"__6 _342\"></span>e risque de prix se d\u00e9finit c<span class=\"__6 _336\"></span>omme le risq<span class=\"__6 _336\"></span>ue que le portef<span class=\"__6 _342\"></span>euille de Sofina soit im<span class=\"__6 _342\"></span>pact\u00e9 pa<span class=\"__6 _342\"></span>r une \u00e9v<span class=\"__6 _336\"></span>olution d\u00e9<span class=\"__6 _336\"></span>fa<span class=\"__6 _342\"></span>vora<span class=\"__6 _336\"></span>ble des cou<span class=\"__6 _342\"></span>rs de bourse<span class=\"__6 _342\"></span>. Sofina est e<span class=\"__6 _342\"></span>xpos\u00e9e aux fluc<span class=\"__6 _342\"></span>tuati<span class=\"__6 _342\"></span>ons boursi<span class=\"__6 _342\"></span>\u00e8res de son portef<span class=\"__6 _342\"></span>euille.<span class=\"__6 _341\"> </span>L<span class=\"__6 _342\"></span>\u2019<span class=\"__6 _342\"></span>analy<span class=\"__6 _342\"></span>se de risques des p<span class=\"__6 _342\"></span>articipation<span class=\"__6 _342\"></span>s de niveau 1 et de niv<span class=\"__6 _342\"></span>eau 2 est r<span class=\"__6 _342\"></span>eprise ci-dess<span class=\"__6 _336\"></span>ous<span class=\"__6 _342\"></span>. Un int<span class=\"__6 _342\"></span>er<span class=\"__6 _343\"></span>valle de va<span class=\"__6 _342\"></span>riation -10% e<span class=\"__6 _342\"></span>t +10% a <span class=\"__6 _343\"></span>\u00e9t\u00e9 a<span class=\"__6 _342\"></span>ppliqu\u00e9 sur l\u2019<span class=\"__6 _335\"></span>\u00e9va<span class=\"__6 _336\"></span>lua<span class=\"__6 _342\"></span>tion au 31 d\u00e9c<span class=\"__6 _342\"></span>embre 2<span class=\"__6 _342\"></span>025<span class=\"__6 _342\"></span>. Ce<span class=\"__6 _336\"></span>tte v<span class=\"__6 _336\"></span>aria<span class=\"__6 _342\"></span>tion infl<span class=\"__6 _336\"></span>uence le r<span class=\"__6 _342\"></span>\u00e9sultat.<span class=\"__6 _342\"></span> <table class=\"s_1 w2f0 h39\" id=\"_f01c3aec-0f7f-4f9d-b6b0-35697c779ae8\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x468 hb_6 y557 ff4_6 fs5_6 fc0_6 sc0_6 ls43_4 ws8f\">EN MILLIONS EUR<span class=\"__6 _341\"> </span></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x469 y558 w20d h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">NIVEA<span class=\"__6 _342\"></span>U 1<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x46a y558 w2f1 h1f_6\" colspan=\"2\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">NIVEA<span class=\"__6 _342\"></span>U 2<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y559 w2f2 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sensib<span class=\"__6 _336\"></span>ilit\u00e9 du c<span class=\"__6 _336\"></span>ours de bo<span class=\"__6 _336\"></span>urse<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x46b y559 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x46c y559 w2f3 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x46d y559 w2f4 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x46e y559 w22d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-10%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x46f y559 w1f7 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x454 y559 w233 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+10%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3fa_2 w2ae h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws4a_4\">Juste<span class=\"__6 _343\"></span> vale<span class=\"__6 _343\"></span>ur<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x470 y3fa_2 w2f5 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls2d_6 ws43_4\">31<span class=\"__6 _343\"></span>6<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x471 y3fa_2 w2f6 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls4a_4 ws6a_3\">3<span class=\"__6 _2f_4\"></span>51<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x472 y3fa_2 w2f7 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">386<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x473 y3fa_2 w2f8 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">17<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x474 y3fa_2 w2f9 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">19<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x475 y3fa_2 w2fa h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls3e_4 ws84\">21<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w2be h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">Impact<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x476 y398_2 w2fb h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-35<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x477 y398_2 w21e h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x478 y398_2 w2fc h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+35<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x479 y398_2 w2fd h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x47a y398_2 w4_1 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x47b y398_2 w2fe h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">+2<span class=\"__6 _341\"> </span></div></td></tr></table>Risq<span class=\"__6 _336\"></span>ue de taux d\u2019in<span class=\"__6 _342\"></span>t\u00e9r\u00ea<span class=\"__6 _342\"></span>t et risque de liquidit<span class=\"__6 _342\"></span>\u00e9  L<span class=\"__6 _342\"></span>e risque de taux d\u2019in<span class=\"__6 _342\"></span>t\u00e9r\u00ea<span class=\"__6 _342\"></span>t est le risque q<span class=\"__6 _336\"></span>ue le flux d\u2019in<span class=\"__6 _342\"></span>t\u00e9r\u00eat a<span class=\"__6 _342\"></span>f<span class=\"__6 _343\"></span>f\u00e9r<span class=\"__6 _342\"></span>ent \u00e0 la de<span class=\"__6 _342\"></span>tte financi<span class=\"__6 _342\"></span>\u00e8re et la tr<span class=\"__6 _342\"></span>\u00e9sorerie brut<span class=\"__6 _342\"></span>e puissen<span class=\"__6 _342\"></span>t \u00eatre d\u00e9t<span class=\"__6 _342\"></span>\u00e9rior\u00e9<span class=\"__6 _336\"></span>s par un<span class=\"__6 _336\"></span>e \u00e9v<span class=\"__6 _336\"></span>olution d\u00e9<span class=\"__6 _336\"></span>fa<span class=\"__6 _342\"></span>vorable de<span class=\"__6 _342\"></span>s taux d\u2019int<span class=\"__6 _342\"></span>\u00e9r\u00eat. En l\u2019<span class=\"__6 _335\"></span>esp\u00e8c<span class=\"__6 _342\"></span>e, le risque es<span class=\"__6 _342\"></span>t limit\u00e9 vu que les dett<span class=\"__6 _342\"></span>es financi<span class=\"__6 _342\"></span>\u00e8res son<span class=\"__6 _342\"></span>t principalemen<span class=\"__6 _342\"></span>t \u00e0 taux fix<span class=\"__6 _342\"></span>e. P<span class=\"__6 _342\"></span>ar ailleur<span class=\"__6 _342\"></span>s la tr\u00e9<span class=\"__6 _336\"></span>sor<span class=\"__6 _336\"></span>erie nett<span class=\"__6 _342\"></span>e de Sofina es<span class=\"__6 _336\"></span>t positive<span class=\"__6 _342\"></span>. Cependa<span class=\"__6 _342\"></span>nt, Sofin<span class=\"__6 _336\"></span>a a des engagem<span class=\"__6 _342\"></span>ents de d\u00e9bour<span class=\"__6 _336\"></span>semen<span class=\"__6 _342\"></span>ts de fond<span class=\"__6 _336\"></span>s rel<span class=\"__6 _336\"></span>atifs a<span class=\"__6 _336\"></span>ux participa<span class=\"__6 _342\"></span>tions de Sofin<span class=\"__6 _342\"></span>a Fond<span class=\"__6 _342\"></span>s Priv\u00e9<span class=\"__6 _336\"></span>s. Eu \u00e9ga<span class=\"__6 _342\"></span>rd \u00e0 sa tr\u00e9<span class=\"__6 _342\"></span>sorerie ne<span class=\"__6 _342\"></span>tte positive<span class=\"__6 _342\"></span>, \u00e0 l\u2019<span class=\"__6 _342\"></span>e<span class=\"__6 _336\"></span>xist<span class=\"__6 _342\"></span>ence de lignes de c<span class=\"__6 _336\"></span>r\u00e9dit b<span class=\"__6 _342\"></span>ancair<span class=\"__6 _336\"></span>es (non utili<span class=\"__6 _342\"></span>s\u00e9es \u2013 voir<span class=\"__6 _335\"></span>. poin<span class=\"__6 _342\"></span>t 3.<span class=\"__6 _335\"></span>17), et aux inves<span class=\"__6 _342\"></span>tissemen<span class=\"__6 _342\"></span>ts dan<span class=\"__6 _336\"></span>s des acti<span class=\"__6 _342\"></span>ons cot<span class=\"__6 _342\"></span>\u00e9es sur des m<span class=\"__6 _336\"></span>ar<span class=\"__6 _342\"></span>ch\u00e9s liqui<span class=\"__6 _342\"></span>des et donc ais\u00e9men<span class=\"__6 _342\"></span>t r\u00e9a<span class=\"__6 _342\"></span>lisables (da<span class=\"__6 _342\"></span>ns les portef<span class=\"__6 _342\"></span>euilles des Inv<span class=\"__6 _342\"></span>estiss<span class=\"__6 _336\"></span>emen<span class=\"__6 _342\"></span>ts de Sofina Dir<span class=\"__6 _336\"></span>ect et de So<span class=\"__6 _342\"></span>fina F<span class=\"__6 _342\"></span>onds Priv<span class=\"__6 _342\"></span>\u00e9s), et, si n\u00e9ce<span class=\"__6 _342\"></span>ssaire, de la c<span class=\"__6 _336\"></span>apacit<span class=\"__6 _342\"></span>\u00e9<span class=\"__6 _343\"></span> \u00e0 effect<span class=\"__6 _342\"></span>uer des tran<span class=\"__6 _342\"></span>saction<span class=\"__6 _342\"></span>s sur le marc<span class=\"__6 _336\"></span>h\u00e9 secon<span class=\"__6 _336\"></span>dair<span class=\"__6 _336\"></span>e pour Sofin<span class=\"__6 _342\"></span>a Fond<span class=\"__6 _342\"></span>s Priv\u00e9s<span class=\"__6 _342\"></span>, le risque de liquidit<span class=\"__6 _342\"></span>\u00e9 auquel Sofina e<span class=\"__6 _336\"></span>st con<span class=\"__6 _342\"></span>fron<span class=\"__6 _342\"></span>t\u00e9e est<span class=\"__6 _342\"></span> extr<span class=\"__6 _342\"></span>\u00eamement m<span class=\"__6 _342\"></span>od\u00e9r\u00e9.<span class=\"__6 _341\"> </span><table class=\"s_1 w2c9 h37_1\" id=\"_67eb6197-33ac-4870-9ef4-491059de54e9\"><tr><td></td><td></td><td class=\"t_6 m0_6 x44c hb_6 y547 ff4_6 fs5_6 fc0_6 sc0_6 ls43_4 ws8f\">EN MILLIONS EUR<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"c_1 n_1 xe7_4 y548 w2ca h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">ENGA<span class=\"__6 _342\"></span>GEME<span class=\"__6 _342\"></span>NTS R\u00c9S<span class=\"__6 _336\"></span>IDUE<span class=\"__6 _342\"></span>LS BRIDG<span class=\"__6 _342\"></span>E DE SOF<span class=\"__6 _342\"></span>INA FO<span class=\"__6 _342\"></span>NDS PRIV\u00c9<span class=\"__6 _342\"></span>S<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x44d y548 w6e_1 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">31/12/<span class=\"__6 _342\"></span>202<span class=\"__6 _342\"></span>5<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x44e y548 w2cb h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">31/12/2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>4<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y549 w2cc h1b_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y3b0_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">D\u00e9but de l\u2019<span class=\"__6 _342\"></span>ann\u00e9e<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x44f y549 w2cd h1b_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y3b0_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.422<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x450 y549 w2ce h1b_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y3b0_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.300<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y54a w2cf h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Nouv<span class=\"__6 _336\"></span>eaux engagem<span class=\"__6 _342\"></span>ents<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x451 y54a w2d0 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls30_6 ws46_4\">59<span class=\"__6 _343\"></span>8<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x452 y54a w2d1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">4<span class=\"__6 _343\"></span>20<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y54b w2d2 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Inves<span class=\"__6 _342\"></span>tissement<span class=\"__6 _342\"></span>s<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x453 y54b w2d3 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-5<span class=\"__6 _342\"></span>11<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x454 y54b w2d4 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-406<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y54c w2d5 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1e_6 ws32_6\">Au<span class=\"__6 _343\"></span>tre<span class=\"__6 _343\"></span>s</div><div class=\"t_6 m0_6 x455 hf_6 y395_2 ff2_6 fs8_6 fc1_6 sc0_6 ls2_6 ws33_5\">1<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x456 y54c w2d6 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">15<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x457 y54c w2d7 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">33<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3aa_2 w2d8 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Effet ch<span class=\"__6 _342\"></span>ange<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x458 y3aa_2 w2d9 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">-195<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x459 y3aa_2 w2da h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">75<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y398_2 w2db h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">Fin de l\u2019<span class=\"__6 _342\"></span>ann\u00e9e</div><div class=\"t_6 m0_6 x45a h17_6 y54d ff4_6 fs8_6 fc0_6 sc0_6 ls2_6 ws33_5\">2<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x45b y398_2 w2dc h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.32<span class=\"__6 _342\"></span>9<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x45c y398_2 w2dd h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.422<span class=\"__6 _341\"> </span></div></td></tr></table>1 <span class=\"__6 _346\"> </span> L<span class=\"__6 _336\"></span>e post<span class=\"__6 _336\"></span>e Autr<span class=\"__6 _336\"></span>es compr<span class=\"__6 _342\"></span>end principalemen<span class=\"__6 _342\"></span>t des distribution<span class=\"__6 _342\"></span>s rappelables<span class=\"__6 _336\"></span>, des ces<span class=\"__6 _336\"></span>sions e<span class=\"__6 _342\"></span>t des liquidation<span class=\"__6 _342\"></span>s de fonds a<span class=\"__6 _336\"></span>vec des en<span class=\"__6 _342\"></span>gagements r<span class=\"__6 _336\"></span>\u00e9siduels n<span class=\"__6 _342\"></span>on appel\u00e9s. 2<span class=\"__6 gsc4\"> </span><span class=\"__6 _347\"> </span><span class=\"__6 gsc4\"> </span>Des<span class=\"__6 gsc4\"> </span>engagemen<span class=\"__6 _342\"></span>ts<span class=\"__6 gsc4\"> </span>r\u00e9sid<span class=\"__6 _342\"></span>uels<span class=\"__6 gsc4\"> </span>suppl\u00e9mentair<span class=\"__6 _342\"></span>es<span class=\"__6 gsc4\"> </span>rela<span class=\"__6 _342\"></span>tifs<span class=\"__6 gsc4\"> </span>aux<span class=\"__6 gsc4\"> </span>investis<span class=\"__6 _336\"></span>sement<span class=\"__6 _342\"></span>s<span class=\"__6 gsc4\"> </span>Sofina<span class=\"__6 gsc4\"> </span>Direct<span class=\"__6 gsc4\"> </span>de<span class=\"__6 gsc4\"> </span>6<span class=\"__6 gsc4\"> </span>million<span class=\"__6 _342\"></span>s<span class=\"__6 gsc4\"> </span>EUR<span class=\"__6 gsc4\"> </span>au<span class=\"__6 gsc4\"> </span>31<span class=\"__6 gsc4\"> </span>d\u00e9c<span class=\"__6 _336\"></span>embre<span class=\"__6 gsc4\"> </span>2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>5<span class=\"__6 gsc4\"> </span>et<span class=\"__6 gsc4\"> </span>de<span class=\"__6 gsc4\"> </span>6<span class=\"__6 gsc4\"> </span>millions<span class=\"__6 gsc4\"> </span>EUR<span class=\"__6 gsc4\"> </span>au<span class=\"__6 gsc4\"> </span>3<span class=\"__6 _342\"></span>1<span class=\"__6 gsc4\"> </span>d\u00e9cembre<span class=\"__6 gsc4\"> </span>2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>4<span class=\"__6 gsc4\"> </span>portent<span class=\"__6 gsc4\"> </span>le<span class=\"__6 gsc4\"> </span>t<span class=\"__6 _342\"></span>otal<span class=\"__6 gsc4\"> </span>des<span class=\"__6 gsc4\"> </span>enga<span class=\"__6 _336\"></span>gement<span class=\"__6 _342\"></span>s<span class=\"__6 _343\"></span><span class=\"__6 gsc4\"> </span>non<span class=\"__6 gsc4\"> </span>appel\u00e9s<span class=\"__6 gsc4\"> </span>\u00e0<span class=\"__6 gsc4\"> </span>1.32<span class=\"__6 _342\"></span>9<span class=\"__6 gsc4\"> </span>millions<span class=\"__6 gsc4\"> </span>EU<span class=\"__6 _336\"></span>R<span class=\"__6 gsc4\"> </span>et<span class=\"__6 gsc4\"> </span>1.422<span class=\"__6 gsc4\"> </span>million<span class=\"__6 _336\"></span>s<span class=\"__6 gsc4\"> </span>EUR re<span class=\"__6 _342\"></span>spectivement.<span class=\"__6 _341\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-268": {
   "value": "Cependa<span class=\"__6 _342\"></span>nt, Sofin<span class=\"__6 _336\"></span>a a des engagem<span class=\"__6 _342\"></span>ents de d\u00e9bour<span class=\"__6 _336\"></span>semen<span class=\"__6 _342\"></span>ts de fond<span class=\"__6 _336\"></span>s rel<span class=\"__6 _336\"></span>atifs a<span class=\"__6 _336\"></span>ux participa<span class=\"__6 _342\"></span>tions de Sofin<span class=\"__6 _342\"></span>a Fond<span class=\"__6 _342\"></span>s Priv\u00e9<span class=\"__6 _336\"></span>s. Eu \u00e9ga<span class=\"__6 _342\"></span>rd \u00e0 sa tr\u00e9<span class=\"__6 _342\"></span>sorerie ne<span class=\"__6 _342\"></span>tte positive<span class=\"__6 _342\"></span>, \u00e0 l\u2019<span class=\"__6 _342\"></span>e<span class=\"__6 _336\"></span>xist<span class=\"__6 _342\"></span>ence de lignes de c<span class=\"__6 _336\"></span>r\u00e9dit b<span class=\"__6 _342\"></span>ancair<span class=\"__6 _336\"></span>es (non utili<span class=\"__6 _342\"></span>s\u00e9es \u2013 voir<span class=\"__6 _335\"></span>. poin<span class=\"__6 _342\"></span>t 3.<span class=\"__6 _335\"></span>17), et aux inves<span class=\"__6 _342\"></span>tissemen<span class=\"__6 _342\"></span>ts dan<span class=\"__6 _336\"></span>s des acti<span class=\"__6 _342\"></span>ons cot<span class=\"__6 _342\"></span>\u00e9es sur des m<span class=\"__6 _336\"></span>ar<span class=\"__6 _342\"></span>ch\u00e9s liqui<span class=\"__6 _342\"></span>des et donc ais\u00e9men<span class=\"__6 _342\"></span>t r\u00e9a<span class=\"__6 _342\"></span>lisables (da<span class=\"__6 _342\"></span>ns les portef<span class=\"__6 _342\"></span>euilles des Inv<span class=\"__6 _342\"></span>estiss<span class=\"__6 _336\"></span>emen<span class=\"__6 _342\"></span>ts de Sofina Dir<span class=\"__6 _336\"></span>ect et de So<span class=\"__6 _342\"></span>fina F<span class=\"__6 _342\"></span>onds Priv<span class=\"__6 _342\"></span>\u00e9s), et, si n\u00e9ce<span class=\"__6 _342\"></span>ssaire, de la c<span class=\"__6 _336\"></span>apacit<span class=\"__6 _342\"></span>\u00e9<span class=\"__6 _343\"></span> \u00e0 effect<span class=\"__6 _342\"></span>uer des tran<span class=\"__6 _342\"></span>saction<span class=\"__6 _342\"></span>s sur le marc<span class=\"__6 _336\"></span>h\u00e9 secon<span class=\"__6 _336\"></span>dair<span class=\"__6 _336\"></span>e pour Sofin<span class=\"__6 _342\"></span>a Fond<span class=\"__6 _342\"></span>s Priv\u00e9s<span class=\"__6 _342\"></span>, le risque de liquidit<span class=\"__6 _342\"></span>\u00e9 auquel Sofina e<span class=\"__6 _336\"></span>st con<span class=\"__6 _342\"></span>fron<span class=\"__6 _342\"></span>t\u00e9e est<span class=\"__6 _342\"></span> extr<span class=\"__6 _342\"></span>\u00eamement m<span class=\"__6 _342\"></span>od\u00e9r\u00e9.<span class=\"__6 _341\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-269": {
   "value": "Risq<span class=\"__6 _336\"></span>ue de cr<span class=\"__6 _342\"></span>\u00e9ditL<span class=\"__6 _342\"></span>e risque de cr<span class=\"__6 _342\"></span>\u00e9dit est le risq<span class=\"__6 _342\"></span>ue de contr<span class=\"__6 _342\"></span>epartie sur les liq<span class=\"__6 _336\"></span>uidit\u00e9<span class=\"__6 _342\"></span>s brutes. Il e<span class=\"__6 _342\"></span>st att\u00e9n<span class=\"__6 _342\"></span>u\u00e9 par une diver<span class=\"__6 _342\"></span>sification a<span class=\"__6 _336\"></span>d\u00e9qua<span class=\"__6 _342\"></span>te des con<span class=\"__6 _342\"></span>trepa<span class=\"__6 _342\"></span>r<span class=\"__6 _343\"></span>ties (no<span class=\"__6 _342\"></span>tation de c<span class=\"__6 _342\"></span>r\u00e9dit et du<span class=\"__6 _336\"></span>ra<span class=\"__6 _342\"></span>tion, limite d\u2019<span class=\"__6 _335\"></span>expo<span class=\"__6 _336\"></span>sition par c<span class=\"__6 _336\"></span>ontr<span class=\"__6 _342\"></span>epartie, \u00e9m<span class=\"__6 _342\"></span>etteur e<span class=\"__6 _336\"></span>t sect<span class=\"__6 _342\"></span>eur).<span class=\"__6 _341\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-270": {
   "value": "<div class=\"t_6 m1_6 h6_6 ffa_2 fs3_6 fc0_6 sc0_6 ls9_6 wsa9 gs76\">2.6 <span class=\"__6 _2f_4\"></span>R\u00c9P<span class=\"__6 _335\"></span>A<span class=\"__6 _342\"></span>RTITION <span class=\"__6 _2f_4\"></span>G\u00c9OG<span class=\"__6 _342\"></span>RAPHI<span class=\"__6 _342\"></span>QUE, <span class=\"__6 _a_5\"></span>SE<span class=\"__6 _342\"></span>CT<span class=\"__6 _342\"></span>ORI<span class=\"__6 _336\"></span>EL<span class=\"__6 _342\"></span>LE <span class=\"__6 _2f_4\"></span>ET <span class=\"__6 _a_5\"></span>P<span class=\"__6 _335\"></span>AR <span class=\"__6 _2f_4\"></span>STRA<span class=\"__6 _344\"></span>T\u00c9G<span class=\"__6 _342\"></span>IE <span class=\"__6 _a_5\"></span>DU<span class=\"__6 gs15f\"> </span>PO<span class=\"__6 _336\"></span>RTEF<span class=\"__6 _342\"></span>EUIL<span class=\"__6 _342\"></span>LE <span class=\"__6 _2f_4\"></span>EN <span class=\"__6 _a_5\"></span>TRANS<span class=\"__6 _342\"></span>P<span class=\"__6 _335\"></span>ARE<span class=\"__6 _342\"></span>NCE</div><div class=\"t_6 mf_3 h6_6 ff4_6 fs3_6 fc4_6 sc0_6 ls2_6 ws0_6 gs77\">R<span class=\"__6 _342\"></span>\u00e9partition g\u00e9ographique du portef<span class=\"__6 _342\"></span>euille</div><div class=\"t_6 m43 h19_6 ff4_6 fsd_5 fc4_6 sc0_6 ls2_6 ws0_6 gs160\"> 1<span class=\"__6 _341\"> </span></div><div class=\"gs161\"><table class=\"s_1 w2a8 h3b\" id=\"_dae80548-f631-4bb9-b74e-f9b98eb82606\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x429 hb_6 y561 ff4_6 fs5_6 fc0_6 sc0_6 ls43_4 ws8f\">EN MILLIONS EUR<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x485 y562 w30f h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">31/12/<span class=\"__6 _342\"></span>20<span class=\"__6 _336\"></span>25<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td class=\"c_1 n_1 x486 y562 w310 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">31/12/<span class=\"__6 _342\"></span>202<span class=\"__6 _342\"></span>4<span class=\"__6 _341\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x487 hc_6 y563 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">JUS<span class=\"__6 _342\"></span>TE </td><td></td><td class=\"t_6 m0_6 x488 hc_6 y564 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws57_4\">ENGAGEMENT<span class=\"__6 _343\"></span>S </td><td></td><td class=\"t_6 m0_6 x2c3 hc_6 y563 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">JUS<span class=\"__6 _342\"></span>TE </td><td></td><td class=\"t_6 m0_6 x245 hc_6 y564 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws57_4\" colspan=\"2\">ENGAGEMENT<span class=\"__6 _343\"></span>S </td></tr><tr><td class=\"t_6 m0_6 xde_4 hc_6 y565 ff4_6 fs6_6 fc2_6 sc0_6 ls18_6 ws2a_6\">ZONE G\u00c9OGRAPHIQUE<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x489 hc_6 y565 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">V<span class=\"__6 _342\"></span>ALEUR DU </td><td></td><td class=\"c_1 x48b y566 w311 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">R\u00c9SIDUEL<span class=\"__6 _342\"></span>S</div><div class=\"t_6 m0_6 x48a h12_6 y3bb_2 ff4_6 fsa_6 fc2_6 sc0_6 ls2_6 ws39_4\">2<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"t_6 m0_6 x2cb hc_6 y565 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">V<span class=\"__6 _342\"></span>ALEUR DU </td><td></td><td class=\"t_6 m0_6 x48c hc_6 y567 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\" colspan=\"2\">R\u00c9SIDUEL<span class=\"__6 _342\"></span>S<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td class=\"t_6 m0_6 x48d hc_6 y568 ff4_6 fs6_6 fc2_6 sc0_6 ls3d_4 wsaa\">POR<span class=\"__6 _343\"></span>T<span class=\"__6 _343\"></span>EFE<span class=\"__6 _343\"></span>U<span class=\"__6 _343\"></span>ILLE<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x48e hc_6 y568 ff4_6 fs6_6 fc2_6 sc0_6 ls3d_4 wsaa\">POR<span class=\"__6 _343\"></span>T<span class=\"__6 _343\"></span>EFE<span class=\"__6 _343\"></span>U<span class=\"__6 _343\"></span>ILLE<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 h10_6 y569 ff4_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofina Dir<span class=\"__6 _342\"></span>ect<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y56a w312 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Eur<span class=\"__6 _342\"></span>ope de l\u2019Ouest<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x48f y56a w313 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">3<span class=\"__6 _342\"></span>.566</div></td><td class=\"c_1 n_1 x490 y56a w314 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">63%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x491 y56a w315 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">3</div></td><td class=\"c_1 n_1 x492 y56a w316 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls4a_4 ws6a_3\">51<span class=\"__6 _343\"></span>%</div></td><td class=\"c_1 n_1 x493 y56a w317 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">3<span class=\"__6 _342\"></span>.209</div></td><td class=\"c_1 n_1 x494 y56a w318 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">60%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x495 y56a w319 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">3</div></td><td class=\"c_1 n_1 x496 y56a w31a h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">50%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y56b w31b h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Am\u00e9rique d<span class=\"__6 _336\"></span>u Nord<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x497 y56b w31c h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls4e_4 wsab\">604</div></td><td class=\"c_1 n_1 x498 y56b wd6_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">11%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x499 y56b w31d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">2</div></td><td class=\"c_1 n_1 x49a y56b w31e h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">35%</div></td><td class=\"c_1 n_1 x49b y56b w283 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">690</div></td><td class=\"c_1 n_1 x49c y56b w31f h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">13%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x49d y56b w31d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">2</div></td><td class=\"c_1 n_1 x49e y56b w320 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">33%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y56c w321 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">Asie<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x49f y56c w322 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.446</div></td><td class=\"c_1 n_1 x4a0 y56c w323 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws83\">26<span class=\"__6 _343\"></span>%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x4a1 y56c w324 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">1</div></td><td class=\"c_1 n_1 x4a2 y56c w325 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">14%</div></td><td class=\"c_1 n_1 x4a3 y56c w326 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.422</div></td><td class=\"c_1 n_1 x4a4 y56c w327 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls48_4 ws92\">27<span class=\"__6 _343\"></span>%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x4a5 y56c w324 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">1</div></td><td class=\"c_1 n_1 x4a6 y56c wcd_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">17%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y56d w328 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1e_6 ws32_6\">Au<span class=\"__6 _343\"></span>tre<span class=\"__6 _343\"></span>s<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x4a7 y56d w21e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0</div></td><td class=\"c_1 n_1 x4a8 y56d w1f7 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x4a9 y56d w21e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0</div></td><td class=\"c_1 n_1 x4aa y56d w1f7 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0%</div></td><td class=\"c_1 n_1 x4ab y56d w329 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10</div></td><td class=\"c_1 n_1 x4ac y56d w1f7 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x4ad y56d w4_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0</div></td><td class=\"c_1 n_1 x4ae y56d w1f7 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y56e w32a h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l Sofina Dir<span class=\"__6 _342\"></span>ect<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x4af y56e w32b h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">5.616</div></td><td class=\"c_1 n_1 x4b0 y56e w32c h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x499 y56e w307 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">6</div></td><td class=\"c_1 n_1 x4b1 y56e w32c h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%</div></td><td class=\"c_1 n_1 x4b2 y56e w32d h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2e_6 ws44_4\">5.3<span class=\"__6 _343\"></span>31</div></td><td class=\"c_1 n_1 x4b3 y56e w32c h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x4b4 y56e w2e7 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">6</div></td><td class=\"c_1 n_1 x4b5 y56e w32e h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 hd_6 y56f ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofina F<span class=\"__6 _342\"></span>onds P<span class=\"__6 _342\"></span>riv\u00e9s<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y570 w312 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Eur<span class=\"__6 _342\"></span>ope de l\u2019Ouest<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x4b6 y570 w2d3 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls25_6 ws3b_4\">489</div></td><td class=\"c_1 n_1 x4b7 y570 w32f h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10%</div></td><td class=\"c_1 n_1 x4b8 y570 w330 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2e_6 ws44_4\">187</div></td><td class=\"c_1 n_1 x4b9 y570 w331 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">14%</div></td><td class=\"c_1 n_1 x4ba y570 w332 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls29_6 ws3f_4\">467</div></td><td class=\"c_1 n_1 x4bb y570 w333 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10%</div></td><td class=\"c_1 n_1 x4bc y570 w334 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">20<span class=\"__6 _343\"></span>2</div></td><td class=\"c_1 n_1 x4bd y570 w331 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">14%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y571 w31b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Am\u00e9rique d<span class=\"__6 _336\"></span>u Nord<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x4be y571 w335 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls4f_4 wsac\">3.<span class=\"__6 _343\"></span>293</div></td><td class=\"c_1 n_1 x4bf y571 w336 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls29_6 ws3f_4\">67<span class=\"__6 _343\"></span>%</div></td><td class=\"c_1 n_1 x4c0 y571 w337 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">855</div></td><td class=\"c_1 n_1 x4c1 y571 w338 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">64%</div></td><td class=\"c_1 n_1 x4c2 y571 w339 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls29_6 ws3f_4\">3.0<span class=\"__6 _343\"></span>4<span class=\"__6 _343\"></span>5</div></td><td class=\"c_1 n_1 x4c3 y571 w33a h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">64%</div></td><td class=\"c_1 n_1 x4c4 y571 w33b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">885</div></td><td class=\"c_1 n_1 x4c5 y571 w33c h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">62%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y572 w321 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">Asie<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x4c6 y572 w33d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.<span class=\"__6 _342\"></span>111</div></td><td class=\"c_1 n_1 x4c7 y572 w33e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2e_6 ws44_4\">23<span class=\"__6 _343\"></span>%</div></td><td class=\"c_1 n_1 x4c8 y572 w33f h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2e_6 ws44_4\">287</div></td><td class=\"c_1 n_1 x4c9 y572 w340 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">22%</div></td><td class=\"c_1 n_1 x4ca y572 w341 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.211</div></td><td class=\"c_1 n_1 x4cb y572 w342 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws83\">26%</div></td><td class=\"c_1 n_1 x4cc y572 w343 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">335</div></td><td class=\"c_1 n_1 x4cd y572 w344 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls35_5 ws10_6\">24<span class=\"__6 _2f_4\"></span>%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y573 w345 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l Sofina F<span class=\"__6 _342\"></span>onds P<span class=\"__6 _342\"></span>riv\u00e9s</div></td><td class=\"c_1 n_1 x4ce y573 w346 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">4.89<span class=\"__6 _342\"></span>3</div></td><td class=\"c_1 n_1 x4cf y573 w32e h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%</div></td><td class=\"c_1 n_1 x4d0 y573 w2dc h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.32<span class=\"__6 _342\"></span>9</div></td><td class=\"c_1 n_1 x4d1 y573 w32e h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%</div></td><td class=\"c_1 n_1 x4d2 y573 w347 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls50_4 wsad\">4<span class=\"__6 _2f_4\"></span>.7<span class=\"__6 _343\"></span>2<span class=\"__6 _343\"></span>3</div></td><td class=\"c_1 n_1 x4d3 y573 w32c h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%</div></td><td class=\"c_1 n_1 x4d4 y573 w2dd h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.422</div></td><td class=\"c_1 n_1 x4d5 y573 w348 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 h10_6 y574 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">T<span class=\"__6 _342\"></span>OT<span class=\"__6 _335\"></span>A<span class=\"__6 _342\"></span>L SOF<span class=\"__6 _336\"></span>INA D<span class=\"__6 _342\"></span>IREC<span class=\"__6 _336\"></span>T ET SO<span class=\"__6 _342\"></span>FINA F<span class=\"__6 _342\"></span>ONDS PR<span class=\"__6 _342\"></span>IV\u00c9S<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y575 w312 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Eur<span class=\"__6 _342\"></span>ope de l\u2019Ouest<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x4d6 y575 w349 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4.055</div></td><td class=\"c_1 n_1 x4d7 y575 w34a h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">39%</div></td><td class=\"c_1 n_1 x4d8 y575 w34b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">190</div></td><td class=\"c_1 n_1 x4d9 y575 w325 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">14%</div></td><td class=\"c_1 n_1 x4da y575 w34c h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls29_6 ws3f_4\">3.676</div></td><td class=\"c_1 n_1 x4db y575 w34d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2b_6 ws41_4\">37<span class=\"__6 _343\"></span>%</div></td><td class=\"c_1 n_1 x4bc y575 w34e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">205</div></td><td class=\"c_1 n_1 x4dc y575 w331 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">14%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y576 w31b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Am\u00e9rique d<span class=\"__6 _336\"></span>u Nord<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x4dd y576 w34f h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">3.<span class=\"__6 _343\"></span>897</div></td><td class=\"c_1 n_1 x4de y576 w350 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2b_6 ws41_4\">37<span class=\"__6 _2f_4\"></span>%</div></td><td class=\"c_1 n_1 x4df y576 w351 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2c_6 ws42_4\">8<span class=\"__6 _343\"></span>57</div></td><td class=\"c_1 n_1 x4e0 y576 w33a h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">64%</div></td><td class=\"c_1 n_1 x4e1 y576 w352 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2b_6 ws41_4\">3.<span class=\"__6 _343\"></span>73<span class=\"__6 _343\"></span>5</div></td><td class=\"c_1 n_1 x4e2 y576 w350 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2b_6 ws41_4\">37<span class=\"__6 _2f_4\"></span>%</div></td><td class=\"c_1 n_1 x4e3 y576 w353 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2e_6 ws44_4\">8<span class=\"__6 _343\"></span>87</div></td><td class=\"c_1 n_1 x4e4 y576 w33c h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">62%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y577 w321 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">Asie<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x4e5 y577 w354 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.55<span class=\"__6 _342\"></span>7</div></td><td class=\"c_1 n_1 x4e6 y577 w355 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls35_5 ws10_6\">24<span class=\"__6 _343\"></span>%</div></td><td class=\"c_1 n_1 x4e7 y577 w356 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1f_6 ws34_5\">288</div></td><td class=\"c_1 n_1 x4e8 y577 w340 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">22%</div></td><td class=\"c_1 n_1 x4e9 y577 w357 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.633</div></td><td class=\"c_1 n_1 x4ea y577 w342 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws83\">26%</div></td><td class=\"c_1 n_1 x4eb y577 w2b1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">336</div></td><td class=\"c_1 n_1 x4ec y577 w358 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls35_5 ws10_6\">24<span class=\"__6 _343\"></span>%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y578 w328 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1e_6 ws32_6\">Au<span class=\"__6 _343\"></span>tre<span class=\"__6 _343\"></span>s<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x4a7 y578 w21e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0</div></td><td class=\"c_1 n_1 x4a8 y578 w1f7 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x4a9 y578 w21e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0</div></td><td class=\"c_1 n_1 x4aa y578 w1f7 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0%</div></td><td class=\"c_1 n_1 x4ab y578 w329 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">10</div></td><td class=\"c_1 n_1 x4ac y578 w1f7 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x4ad y578 w4_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0</div></td><td class=\"c_1 n_1 x4ae y578 w1f7 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 h10_6 y579 ff4_6 fs7_6 fc0_6 sc0_6 ls51_4 ws85\">TOT<span class=\"__6 _342\"></span>AL<span class=\"__6 _2f_4\"></span> D<span class=\"__6 _343\"></span>U<span class=\"__6 _343\"></span> </td><td class=\"c_1 n_1 x4ed y57a w359 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _336\"></span>509</div></td><td class=\"c_1 n_1 x4ee y57a w32c h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%</div></td><td class=\"c_1 n_1 x4ef y57a w35a h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.335</div></td><td class=\"c_1 n_1 x4f0 y57a w32c h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%</div></td><td class=\"c_1 n_1 x4f1 y57a w19a h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _342\"></span>054</div></td><td class=\"c_1 n_1 x4f2 y57a w32c h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%</div></td><td class=\"c_1 n_1 x4f3 y57a w35b h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.428</div></td><td class=\"c_1 n_1 x4f4 y57a w348 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y398_2 w35c h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1f_6 ws34_5\">POR<span class=\"__6 _343\"></span>T<span class=\"__6 _343\"></span>EF<span class=\"__6 _343\"></span>E<span class=\"__6 _343\"></span>UI<span class=\"__6 _343\"></span>LLE</div><div class=\"t_6 m0_6 x4f5 h17_6 y57b ff4_6 fs8_6 fc0_6 sc0_6 ls2_6 ws33_5\">3</div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table></div><div class=\"t_6 mf_3 h6_6 ff4_6 fs3_6 fc4_6 sc0_6 ls2_6 ws0_6 gs162\">R<span class=\"__6 _342\"></span>\u00e9partition de Sofina Direc<span class=\"__6 _342\"></span>t par secteu<span class=\"__6 _342\"></span>r</div><div class=\"t_6 m43 h19_6 ff4_6 fsd_5 fc4_6 sc0_6 ls2_6 ws0_6 gs163\"> 3 </div><div class=\"gs164\"><table class=\"s_1 w35d h3c\" id=\"_79d3a3a5-ea62-4570-ad22-c3d93c74291a\"><tr><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x4f6 hb_6 y57c ff4_6 fs5_6 fc0_6 sc0_6 ls43_4 ws8f\">EN MILLIONS EUR<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td class=\"c_1 n_1 x4f7 y57d w30f h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">31/12/<span class=\"__6 _342\"></span>20<span class=\"__6 _336\"></span>25<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"c_1 n_1 x4f8 y57d w35e h1f_6\" colspan=\"2\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">3<span class=\"__6 _342\"></span>1/12/2<span class=\"__6 _342\"></span>02<span class=\"__6 _336\"></span>4<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 x223 hc_6 y57e ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">SE<span class=\"__6 _342\"></span>CTEUR<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x4f9 hc_6 y57f ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\" colspan=\"2\">JUS<span class=\"__6 _342\"></span>TE V<span class=\"__6 _342\"></span>ALEUR D<span class=\"__6 _336\"></span>U </td><td class=\"t_6 m0_6 x4fa hc_6 y57f ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\" colspan=\"2\">JUS<span class=\"__6 _342\"></span>TE V<span class=\"__6 _342\"></span>ALEUR D<span class=\"__6 _336\"></span>U </td></tr><tr><td></td><td class=\"t_6 m0_6 x4fb hc_6 y580 ff4_6 fs6_6 fc2_6 sc0_6 ls3d_4 wsaa\" colspan=\"2\">POR<span class=\"__6 _343\"></span>T<span class=\"__6 _343\"></span>EFE<span class=\"__6 _343\"></span>U<span class=\"__6 _343\"></span>ILLE<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x218 hc_6 y580 ff4_6 fs6_6 fc2_6 sc0_6 ls3d_4 wsaa\" colspan=\"2\">POR<span class=\"__6 _343\"></span>T<span class=\"__6 _343\"></span>EFE<span class=\"__6 _343\"></span>U<span class=\"__6 _343\"></span>ILLE<span class=\"__6 _341\"> </span></td></tr><tr><td class=\"c_1 n_1 xe7_4 y581 w35f h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Bien<span class=\"__6 _336\"></span>s et services de con<span class=\"__6 _342\"></span>sommation<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x4fc y581 w360 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.4<span class=\"__6 _336\"></span>70<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x4fd y581 w361 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws83\">26%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x4fe y581 w362 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.431<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x4ff y581 w327 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls48_4 ws92\">27<span class=\"__6 _343\"></span>%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y582 w363 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ran<span class=\"__6 _342\"></span>sforma<span class=\"__6 _336\"></span>tion digitale<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x500 y582 w364 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.98<span class=\"__6 _342\"></span>9<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x4fd y582 w365 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">35%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x501 y582 w366 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.62<span class=\"__6 _342\"></span>3<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x502 y582 w367 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">30%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y583 w368 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">\u00c9d<span class=\"__6 _342\"></span>ucation<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x503 y583 w369 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2c_6 ws42_4\">7<span class=\"__6 _343\"></span>57<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x504 y583 w36a h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">14%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x505 y583 w36b h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls30_6 ws46_4\">59<span class=\"__6 _343\"></span>0<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x506 y583 wd6_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">11%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y584 w36c h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Soin<span class=\"__6 _336\"></span>s de san<span class=\"__6 _342\"></span>t\u00e9 et scienc<span class=\"__6 _336\"></span>es de la vie<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x507 y584 w337 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls25_6 ws3b_4\">6<span class=\"__6 _343\"></span>89<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x508 y584 w36d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">12%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x509 y584 w36e h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1f_6 ws34_5\">708<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x50a y584 w31f h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">13%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y585 w36f h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Cha\u00eene<span class=\"__6 _336\"></span>s d\u2019<span class=\"__6 _342\"></span>appro<span class=\"__6 _342\"></span>visionnemen<span class=\"__6 _342\"></span>t durable<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x50b y585 w370 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws83\">261<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x50c y585 w371 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x50d y585 wcd_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">346<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x50e y585 w372 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">7%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y586 w373 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1e_6 ws32_6\">Au<span class=\"__6 _343\"></span>tre<span class=\"__6 _343\"></span>s<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x50f y586 w374 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">450<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x510 y586 w375 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">8%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x511 y586 w2b1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">633<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x512 y586 w36d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">12%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y398_2 w376 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls52_3 wsae\">To<span class=\"__6 _2f_4\"></span>t<span class=\"__6 _354\"></span>a<span class=\"__6 _a_5\"></span>l<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x513 y398_2 w32b h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">5.616<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x514 y398_2 w32e h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x515 y398_2 w377 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2e_6 ws44_4\">5.<span class=\"__6 _343\"></span>3<span class=\"__6 _343\"></span>31<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x516 y398_2 w348 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%<span class=\"__6 _341\"> </span></div></td></tr></table></div><div class=\"t_6 mf_3 h6_6 ff4_6 fs3_6 fc4_6 sc0_6 ls2_6 ws0_6 gs165\">R<span class=\"__6 _342\"></span>\u00e9partition de Sofina F<span class=\"__6 _342\"></span>onds P<span class=\"__6 _336\"></span>riv\u00e9<span class=\"__6 _336\"></span>s par str<span class=\"__6 _342\"></span>at<span class=\"__6 _336\"></span>\u00e9gie</div><div class=\"gs166\"><table class=\"s_1 w2c9 h3d\" id=\"_27e64c3e-eb59-4507-8093-f2e4de0dae46\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x44c hb_6 y587 ff4_6 fs5_6 fc0_6 sc0_6 ls43_4 ws8f\">EN MILLIONS EUR<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c_1 n_1 x517 y588 w30f h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">31/12/<span class=\"__6 _342\"></span>20<span class=\"__6 _336\"></span>25<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x518 y588 w378 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">31/12/<span class=\"__6 _342\"></span>20<span class=\"__6 _336\"></span>2<span class=\"__6 _342\"></span>4<span class=\"__6 _341\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t_6 m0_6 x519 hc_6 y589 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">JUS<span class=\"__6 _342\"></span>TE </td><td></td><td></td><td class=\"t_6 m0_6 x51a hc_6 y58a ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws57_4\">ENGAGEMENT<span class=\"__6 _343\"></span>S </td><td class=\"t_6 m0_6 x21b hc_6 y589 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">JUS<span class=\"__6 _342\"></span>TE </td><td></td><td class=\"t_6 m0_6 x51b hc_6 y58a ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws57_4\" colspan=\"2\">ENGAGEMENT<span class=\"__6 _343\"></span>S </td></tr><tr><td class=\"t_6 m0_6 x223 hc_6 y58b ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">STRA<span class=\"__6 _335\"></span>T\u00c9<span class=\"__6 _342\"></span>GIE<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x51c hc_6 y58b ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">V<span class=\"__6 _342\"></span>ALEUR DU </td><td></td><td></td><td class=\"c_1 x51e y58c w379 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">R\u00c9SIDUEL<span class=\"__6 _342\"></span>S</div><div class=\"t_6 m0_6 x51d h12_6 y3bb_2 ff4_6 fsa_6 fc2_6 sc0_6 ls2_6 ws39_4\">4<span class=\"__6 _341\"> </span></div></td><td class=\"t_6 m0_6 x51f hc_6 y58b ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws2b_6\">V<span class=\"__6 _342\"></span>ALEUR DU </td><td></td><td class=\"t_6 m0_6 x520 hc_6 y58d ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\" colspan=\"2\">R\u00c9SIDUEL<span class=\"__6 _342\"></span>S<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td class=\"t_6 m0_6 x521 hc_6 y58e ff4_6 fs6_6 fc2_6 sc0_6 ls3d_4 wsaa\">POR<span class=\"__6 _343\"></span>T<span class=\"__6 _343\"></span>EFE<span class=\"__6 _343\"></span>U<span class=\"__6 _343\"></span>ILLE<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x522 hc_6 y58e ff4_6 fs6_6 fc2_6 sc0_6 ls3d_4 wsaa\">POR<span class=\"__6 _343\"></span>T<span class=\"__6 _343\"></span>EFE<span class=\"__6 _343\"></span>U<span class=\"__6 _343\"></span>ILLE<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y58f w18e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Cap<span class=\"__6 _342\"></span>ital-risque<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x523 y58f w37a h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls30_6 ws46_4\">3<span class=\"__6 _343\"></span>.<span class=\"__6 _343\"></span>59<span class=\"__6 _343\"></span>2</div></td><td class=\"c_1 n_1 x524 y58f w36a h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls49_4 ws99\">74<span class=\"__6 _a_5\"></span>%</div></td><td class=\"c_1 n_1 x525 y58f w37b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1e_6 ws32_6\">78<span class=\"__6 _343\"></span>5</div></td><td class=\"c_1 n_1 x526 y58f w37c h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls30_6 ws46_4\">59<span class=\"__6 _343\"></span>%</div></td><td class=\"c_1 n_1 x527 y58f w37d h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">3.<span class=\"__6 _342\"></span>345</div></td><td class=\"c_1 n_1 x528 y58f wcd_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">71%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x529 y58f w37e h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">58%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x52a y58f w37f h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls3e_4 ws84\">825<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y590 w380 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">Cap<span class=\"__6 _342\"></span>ital-d\u00e9veloppem<span class=\"__6 _336\"></span>ent</div></td><td class=\"c_1 n_1 x52b y590 w381 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.094</div></td><td class=\"c_1 n_1 x52c y590 w340 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">22%</div></td><td class=\"c_1 n_1 x52d y590 w382 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">462</div></td><td class=\"c_1 n_1 x52e y590 w365 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">35%</div></td><td class=\"c_1 n_1 x52f y590 w383 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.<span class=\"__6 _342\"></span>106</div></td><td class=\"c_1 n_1 x530 y590 w384 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2e_6 ws44_4\">23<span class=\"__6 _343\"></span>%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x531 y590 w365 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">35%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x532 y590 w385 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">494<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y3a9_2 w386 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">L<span class=\"__6 _342\"></span>evera<span class=\"__6 _336\"></span>ged buyou<span class=\"__6 _336\"></span>t<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x533 y3a9_2 w387 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls34_6 ws4f_4\">20<span class=\"__6 _343\"></span>0</div></td><td class=\"c_1 n_1 x534 y3a9_2 w388 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4%</div></td><td class=\"c_1 n_1 x535 y3a9_2 w389 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls49_4 ws99\">74<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x536 y3a9_2 w38a h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">6%</div></td><td class=\"c_1 n_1 x537 y3a9_2 w38b h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls3e_4 ws84\">258</div></td><td class=\"c_1 n_1 x538 y3a9_2 w38a h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">6%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x539 y3a9_2 w372 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">7%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x53a y3a9_2 w38c h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">95<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y591 w373 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1e_6 ws32_6\">Au<span class=\"__6 _343\"></span>tre<span class=\"__6 _343\"></span>s<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x53b y591 w38d h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">7</div></td><td class=\"c_1 n_1 x53c y591 w369 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x53d y591 w38e h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">8</div></td><td class=\"c_1 n_1 x53e y591 w1f7 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x53f y591 w38f h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">14</div></td><td class=\"c_1 n_1 x540 y591 w1f7 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x541 y591 w1f7 h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x542 y591 w38e h2b_2\"><div class=\"t_6 m0_6 xe6_4 hd_6 y42c_1 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">8<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y398_2 w390 h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls52_3 wsae\">To<span class=\"__6 _2f_4\"></span>t<span class=\"__6 _354\"></span>a<span class=\"__6 _a_5\"></span>l</div><div class=\"t_6 m0_6 x543 h17_6 y54d ff4_6 fs8_6 fc0_6 sc0_6 ls2_6 ws33_5\">5<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x544 y398_2 w391 h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">4.89<span class=\"__6 _342\"></span>3</div></td><td class=\"c_1 n_1 x545 y398_2 w32e h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%</div></td><td class=\"c_1 n_1 x546 y398_2 w2dc h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.32<span class=\"__6 _342\"></span>9</div></td><td class=\"c_1 n_1 x547 y398_2 w348 h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%</div></td><td class=\"c_1 n_1 x548 y398_2 w392 h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls50_4 wsad\">4<span class=\"__6 _343\"></span>.7<span class=\"__6 _343\"></span>2<span class=\"__6 _343\"></span>3</div></td><td class=\"c_1 n_1 x549 y398_2 w348 h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x54a y398_2 w32e h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x54b y398_2 w2cd h2b_2\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.422<span class=\"__6 _341\"> </span></div></td></tr></table></div><div class=\"t_6 m0_6 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs167\">1 <span class=\"__6 _346\"> </span> Sur la bas<span class=\"__6 _342\"></span>e du por<span class=\"__6 _343\"></span>tef<span class=\"__6 _342\"></span>euille en transp<span class=\"__6 _336\"></span>aren<span class=\"__6 _336\"></span>ce en con<span class=\"__6 _336\"></span>sid\u00e9ran<span class=\"__6 _342\"></span>t le pays du si<span class=\"__6 _342\"></span>\u00e8ge principal ou hist<span class=\"__6 _336\"></span>orique des inv<span class=\"__6 _336\"></span>estis<span class=\"__6 _342\"></span>sements.<span class=\"__6 _341\"> </span></div><div class=\"t_6 m0_6 h11_6 ffb_1 fs9_6 fc3_6 sc0_6 ls22_6 ws9e gs127\">2<span class=\"__6 gsc4\"> </span><span class=\"__6 _347\"> </span><span class=\"__6 gsc4\"> </span>Ces<span class=\"__6 gsc4\"> </span>m<span class=\"__6 _336\"></span>ont<span class=\"__6 _336\"></span>ant<span class=\"__6 _342\"></span>s<span class=\"__6 gsc4\"> </span>proviennen<span class=\"__6 _342\"></span>t<span class=\"__6 gsc4\"> </span>essentiellem<span class=\"__6 _336\"></span>ent<span class=\"__6 gsc4\"> </span>de<span class=\"__6 gsc4\"> </span>so<span class=\"__6 _336\"></span>uscrip<span class=\"__6 _342\"></span>tions<span class=\"__6 gsc4\"> </span>aux<span class=\"__6 gsc4\"> </span>inve<span class=\"__6 _336\"></span>stiss<span class=\"__6 _336\"></span>ement<span class=\"__6 _336\"></span>s<span class=\"__6 gsc4\"> </span>Sofina<span class=\"__6 gsc4\"> </span>F<span class=\"__6 _342\"></span>onds<span class=\"__6 gsc4\"> </span>Priv\u00e9<span class=\"__6 _342\"></span>s<span class=\"__6 gsc4\"> </span>pour<span class=\"__6 gsc4\"> </span>un<span class=\"__6 gsc4\"> </span>monta<span class=\"__6 _342\"></span>nt<span class=\"__6 gsc4\"> </span>de<span class=\"__6 gsc4\"> </span>1.32<span class=\"__6 _342\"></span>9millions<span class=\"__6 gsc4\"> </span>EUR<span class=\"__6 gsc4\"> </span>(cf<span class=\"__6 _342\"></span>.<span class=\"__6 gsc4\"> </span>point<span class=\"__6 gsc4\"> </span>3.<span class=\"__6 _335\"></span>17<span class=\"__6 gsc4\"> </span>ci-dessous).<span class=\"__6 gsc4\"> </span>C<span class=\"__6 _336\"></span>es<span class=\"__6 gsc4\"> </span>engagemen<span class=\"__6 _342\"></span>ts<span class=\"__6 gsc4\"> </span>sont<span class=\"__6 gsc4\"> </span>pris<span class=\"__6 gsc4\"> </span>p<span class=\"__6 _336\"></span>ar<span class=\"__6 gsc4\"> </span>Sofina<span class=\"__6 gsc4\"> </span>SA<span class=\"__6 gsc4\"> </span>o<span class=\"__6 _336\"></span>u<span class=\"__6 gsc4\"> </span>par<span class=\"__6 gsc4\"> </span>ses<span class=\"__6 gsc4\"> </span>fili<span class=\"__6 _336\"></span>ales<span class=\"__6 gsc4\"> </span>d\u2019inv<span class=\"__6 _336\"></span>estis<span class=\"__6 _342\"></span>sement<span class=\"__6 gsc4\"> </span>(vue<span class=\"__6 gsc4\"> </span>en<span class=\"__6 gsc4\"> </span></div><div class=\"t_6 m0_6 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws9e gs168\">tran<span class=\"__6 _342\"></span>sparence).<span class=\"__6 _341\"> </span></div><div class=\"t_6 m0_6 h11_6 ffb_1 fs9_6 fc3_6 sc0_6 ls22_6 ws9e gs15d\">3<span class=\"__6 gsc4\"> </span><span class=\"__6 _347\"> </span><span class=\"__6 gsc4\"> </span>Sur<span class=\"__6 gsc4\"> </span>la<span class=\"__6 gsc4\"> </span>bas<span class=\"__6 _342\"></span>e<span class=\"__6 gsc4\"> </span>de<span class=\"__6 gsc4\"> </span>la<span class=\"__6 gsc4\"> </span>juste<span class=\"__6 gsc4\"> </span>v<span class=\"__6 _342\"></span>aleur<span class=\"__6 gsc4\"> </span>des<span class=\"__6 gsc4\"> </span>participa<span class=\"__6 _342\"></span>tions<span class=\"__6 gsc4\"> </span>du<span class=\"__6 gsc4\"> </span>gro<span class=\"__6 _336\"></span>upe<span class=\"__6 gsc4\"> </span>Sofina<span class=\"__6 gsc4\"> </span>au<span class=\"__6 gsc4\"> </span>3<span class=\"__6 _342\"></span>1<span class=\"__6 gsc4\"> </span>d\u00e9cembre<span class=\"__6 gsc4\"> </span>2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>5<span class=\"__6 gsc4\"> </span>et<span class=\"__6 gsc4\"> </span>au<span class=\"__6 gsc4\"> </span>31<span class=\"__6 gsc4\"> </span>d\u00e9cem<span class=\"__6 _336\"></span>bre<span class=\"__6 gsc4\"> </span>2<span class=\"__6 _342\"></span>02<span class=\"__6 _342\"></span>4<span class=\"__6 gsc4\"> </span>(portefe<span class=\"__6 _336\"></span>uille<span class=\"__6 gsc4\"> </span>en<span class=\"__6 gsc4\"> </span>tran<span class=\"__6 _342\"></span>sparence<span class=\"__6 gsc4\"> </span>\u2013<span class=\"__6 gsc4\"> </span>cf<span class=\"__6 _342\"></span>.<span class=\"__6 gsc4\"> </span>point<span class=\"__6 gsc4\"> </span>2.4<span class=\"__6 gsc4\"> </span>ci-de<span class=\"__6 _342\"></span>ssus).<span class=\"__6 _341\"> </span></div><div class=\"t_6 m0_6 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs12a\">4 <span class=\"__6 _347\"> </span> Sofina s\u2019<span class=\"__6 _335\"></span>est engag\u00e9e \u00e0 r\u00e9<span class=\"__6 _336\"></span>pondre \u00e0 de<span class=\"__6 _342\"></span>s appels de fonds a<span class=\"__6 _336\"></span>upr\u00e8s<span class=\"__6 _336\"></span> de certains f<span class=\"__6 _342\"></span>onds priv\u00e9s (cf<span class=\"__6 _342\"></span>. point 3<span class=\"__6 _342\"></span>.17 ci-de<span class=\"__6 _342\"></span>ssous).<span class=\"__6 _341\"> </span></div><div class=\"t_6 m0_6 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gsc3\">5 <span class=\"__6 _347\"> </span> V<span class=\"__6 _342\"></span>ous tr<span class=\"__6 _336\"></span>ouver<span class=\"__6 _342\"></span>ez des inform<span class=\"__6 _336\"></span>ation<span class=\"__6 _342\"></span>s sur le portefeuille Sofin<span class=\"__6 _342\"></span>a Fonds P<span class=\"__6 _342\"></span>riv\u00e9s figuran<span class=\"__6 _342\"></span>t au bilan au 3<span class=\"__6 _342\"></span>1 d\u00e9cembre 2<span class=\"__6 _342\"></span>025 s<span class=\"__6 _336\"></span>ous le poin<span class=\"__6 _342\"></span>t 2.<span class=\"__6 _342\"></span>1 ci-dessus.<span class=\"__6 _341\"> </span></div><div class=\"t_6 mf_3 h6_6 ff4_6 fs3_6 fc4_6 sc0_6 ls2_6 ws0_6 gs16a\">R<span class=\"__6 _342\"></span>\u00e9partition par mill\u00e9sime du portef<span class=\"__6 _342\"></span>euille</div><div class=\"gs16b\"><table class=\"s_1 w2a8 h3e\" id=\"_1d9fdc6d-4b1c-418e-972e-6781aea058dc\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t_6 m0_6 x429 hb_6 y592 ff4_6 fs5_6 fc0_6 sc0_6 ls43_4 ws8f\">EN MILLIONS EUR<span class=\"__6 _341\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x54c y593 w30f h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">31/12/<span class=\"__6 _342\"></span>20<span class=\"__6 _336\"></span>25<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td class=\"c_1 n_1 x54d y593 w35e h24_3\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws38_4\">31/12/<span class=\"__6 _342\"></span>20<span class=\"__6 _336\"></span>2<span class=\"__6 _342\"></span>4<span class=\"__6 _341\"> </span></div></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 hc_6 y594 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">MILL<span class=\"__6 _336\"></span>\u00c9SIME<span class=\"__6 _341\"> </span></td><td class=\"t_6 m0_6 x54e hc_6 y595 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">JUS<span class=\"__6 _342\"></span>TE V<span class=\"__6 _342\"></span>ALEUR D<span class=\"__6 _336\"></span>U </td><td></td><td class=\"t_6 m0_6 x54f hc_6 y595 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws57_4\">ENGAGEMENT<span class=\"__6 _343\"></span>S </td><td></td><td class=\"t_6 m0_6 x550 hc_6 y595 ff4_6 fs6_6 fc2_6 sc0_6 ls17_6 ws0_6\">JUS<span class=\"__6 _342\"></span>TE V<span class=\"__6 _342\"></span>ALEUR D<span class=\"__6 _336\"></span>U </td><td></td><td class=\"t_6 m0_6 x245 hc_6 y595 ff4_6 fs6_6 fc2_6 sc0_6 ls1b_6 ws57_4\" colspan=\"2\">ENGAGEMENT<span class=\"__6 _343\"></span>S </td></tr><tr><td></td><td class=\"t_6 m0_6 x551 hc_6 y596 ff4_6 fs6_6 fc2_6 sc0_6 ls3d_4 wsaa\">POR<span class=\"__6 _343\"></span>T<span class=\"__6 _343\"></span>EFE<span class=\"__6 _343\"></span>U<span class=\"__6 _343\"></span>ILLE<span class=\"__6 _341\"> </span></td><td></td><td class=\"c_1 x31f y597 w393 h1f_6\"><div class=\"t_6 m0_6 xe6_4 hc_6 y39a_2 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\">R\u00c9SIDUEL<span class=\"__6 _342\"></span>S</div><div class=\"t_6 m0_6 x552 h12_6 y3bb_2 ff4_6 fsa_6 fc2_6 sc0_6 ls2_6 ws39_4\">1<span class=\"__6 _341\"> </span></div></td><td></td><td class=\"t_6 m0_6 x553 hc_6 y596 ff4_6 fs6_6 fc2_6 sc0_6 ls3d_4 wsaa\">POR<span class=\"__6 _343\"></span>T<span class=\"__6 _343\"></span>EFE<span class=\"__6 _343\"></span>U<span class=\"__6 _343\"></span>ILLE<span class=\"__6 _341\"> </span></td><td></td><td class=\"t_6 m0_6 x48c hc_6 y596 ff4_6 fs6_6 fc2_6 sc0_6 ls2_6 ws0_6\" colspan=\"2\">R\u00c9SIDUEL<span class=\"__6 _342\"></span>S </td></tr><tr><td class=\"t_6 m0_6 xde_4 h10_6 y598 ff4_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofina Dir<span class=\"__6 _342\"></span>ect<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y599 w394 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0-3<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x554 y599 w395 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.803</div></td><td class=\"c_1 n_1 x555 y599 w323 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">32%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x556 y599 w4_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0</div></td><td class=\"c_1 n_1 x557 y599 w2f3 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0%</div></td><td class=\"c_1 n_1 x558 y599 w396 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.60<span class=\"__6 _336\"></span>2</div></td><td class=\"c_1 n_1 x559 y599 w397 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">30%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x55a y599 w4_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0</div></td><td class=\"c_1 n_1 x55b y599 w369 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y59a w398 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4-7<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x55c y59a w399 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.307</div></td><td class=\"c_1 n_1 x55d y59a w39a h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2d_6 ws43_4\">41%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x55e y59a w315 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">3</div></td><td class=\"c_1 n_1 x55f y59a w31a h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">50%</div></td><td class=\"c_1 n_1 x560 y59a w39b h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.09<span class=\"__6 _342\"></span>7</div></td><td class=\"c_1 n_1 x561 y59a w34a h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">39%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x562 y59a w319 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">3</div></td><td class=\"c_1 n_1 x563 y59a w31a h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">50%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y59b w39c h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">8-10<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x564 y59b w39d h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.25<span class=\"__6 _342\"></span>7</div></td><td class=\"c_1 n_1 x565 y59b w340 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">22%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x566 y59b w319 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">3</div></td><td class=\"c_1 n_1 x567 y59b w31a h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">50%</div></td><td class=\"c_1 n_1 x568 y59b w39e h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.22<span class=\"__6 _336\"></span>9</div></td><td class=\"c_1 n_1 x569 y59b w39f h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2e_6 ws44_4\">23%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x56a y59b w319 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">3</div></td><td class=\"c_1 n_1 x56b y59b w31a h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">50%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y59c w3a0 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">&gt;10<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x56c y59c w3a1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls35_5 ws10_6\">24<span class=\"__6 _343\"></span>9</div></td><td class=\"c_1 n_1 x56d y59c w371 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">5%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x56e y59c w21e h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0</div></td><td class=\"c_1 n_1 x56f y59c w2f3 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0%</div></td><td class=\"c_1 n_1 x570 y59c w3a2 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls53_3 ws6f_3\">4<span class=\"__6 _343\"></span>03</div></td><td class=\"c_1 n_1 x571 y59c w3a3 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">8%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x572 y59c wa_1 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2_6 ws0_6\">0</div></td><td class=\"c_1 n_1 x573 y59c w1f7 h1b_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y59d w32a h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l Sofina Dir<span class=\"__6 _342\"></span>ect</div></td><td class=\"c_1 n_1 x574 y59d w32b h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">5.616</div></td><td class=\"c_1 n_1 x575 y59d w32c h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x576 y59d w307 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">6</div></td><td class=\"c_1 n_1 x577 y59d w32c h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%</div></td><td class=\"c_1 n_1 x578 y59d w377 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2e_6 ws44_4\">5<span class=\"__6 _343\"></span>.3<span class=\"__6 _343\"></span>31</div></td><td class=\"c_1 n_1 x579 y59d w32c h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x57a y59d w2e7 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls2_6 ws0_6\">6</div></td><td class=\"c_1 n_1 x57b y59d w348 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 h10_6 y59e ff4_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws0_6\">Sofina F<span class=\"__6 _342\"></span>onds P<span class=\"__6 _342\"></span>riv\u00e9s<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y59f w394 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0-3<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x57c y59f w3a4 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.326</div></td><td class=\"c_1 n_1 x57d y59f w327 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls48_4 ws92\">27<span class=\"__6 _343\"></span>%</div></td><td class=\"c_1 n_1 x57e y59f w3a5 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls30_6 ws46_4\">1<span class=\"__6 _343\"></span>.<span class=\"__6 _343\"></span>079</div></td><td class=\"c_1 n_1 x57f y59f w3a6 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">81<span class=\"__6 _343\"></span>%</div></td><td class=\"c_1 n_1 x580 y59f w3a7 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.295</div></td><td class=\"c_1 n_1 x581 y59f w327 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls48_4 ws92\">27<span class=\"__6 _343\"></span>%</div></td><td class=\"c_1 n_1 x582 y59f w3a8 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.2<span class=\"__6 _336\"></span>04</div></td><td class=\"c_1 n_1 x583 y59f w3a9 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">84%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y5a0 w398 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4-7<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x584 y5a0 w3aa h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.<span class=\"__6 _342\"></span>178</div></td><td class=\"c_1 n_1 x585 y5a0 w3ab h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">44%</div></td><td class=\"c_1 n_1 x586 y5a0 w3ac h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">18<span class=\"__6 _343\"></span>5</div></td><td class=\"c_1 n_1 x587 y5a0 w325 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">14%</div></td><td class=\"c_1 n_1 x588 y5a0 w3ad h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.008</div></td><td class=\"c_1 n_1 x589 y5a0 w3ae h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">43%</div></td><td class=\"c_1 n_1 x58a y5a0 w3af h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls4a_4 ws6a_3\">151</div></td><td class=\"c_1 n_1 x58b y5a0 wd6_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">11%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y5a1 w39c h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">8-10<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x58c y5a1 w3b0 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.005</div></td><td class=\"c_1 n_1 x58d y5a1 w3b1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls3e_4 ws84\">21%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x58e y5a1 w3b2 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">39</div></td><td class=\"c_1 n_1 x58f y5a1 w3b3 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">3%</div></td><td class=\"c_1 n_1 x590 y5a1 w3b4 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">916</div></td><td class=\"c_1 n_1 x591 y5a1 w3b5 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">19%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x592 y5a1 w3b6 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">36</div></td><td class=\"c_1 n_1 x593 y5a1 w3b7 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">3%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y5a2 w3a0 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">&gt;10<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x56c y5a2 w3b8 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">384</div></td><td class=\"c_1 n_1 x594 y5a2 w3a3 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">8%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x595 y5a2 w3b9 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws83\">26</div></td><td class=\"c_1 n_1 x596 y5a2 w3ba h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2%</div></td><td class=\"c_1 n_1 x597 y5a2 w3bb h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls4e_4 wsab\">5<span class=\"__6 _343\"></span>04</div></td><td class=\"c_1 n_1 x598 y5a2 wd6_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">11%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x599 y5a2 w3bc h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2d_6 ws43_4\">31</div></td><td class=\"c_1 n_1 x59a y5a2 w7c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 h10_6 y5a3 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\">T<span class=\"__6 _335\"></span>ota<span class=\"__6 _336\"></span>l Sofina F<span class=\"__6 _342\"></span>onds </td><td class=\"c_1 n_1 x59b y5a4 w391 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">4.89<span class=\"__6 _342\"></span>3</div></td><td class=\"c_1 n_1 x59c y5a4 w32c h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%</div></td><td class=\"c_1 n_1 x59d y5a4 w3bd h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.32<span class=\"__6 _342\"></span>9</div></td><td class=\"c_1 n_1 x59e y5a4 w32c h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%</div></td><td class=\"c_1 n_1 x59f y5a4 w3be h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls50_4 wsad\">4<span class=\"__6 _343\"></span>.7<span class=\"__6 _2f_4\"></span>23</div></td><td class=\"c_1 n_1 x5a0 y5a4 w32e h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%</div></td><td class=\"c_1 n_1 x5a1 y5a4 w3bf h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.422</div></td><td class=\"c_1 n_1 x5a2 y5a4 w348 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 h10_6 y5a5 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">Priv<span class=\"__6 _342\"></span>\u00e9s<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_6 m0_6 xde_4 h10_6 y5a6 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws0_6\" colspan=\"2\">T<span class=\"__6 _342\"></span>OT<span class=\"__6 _335\"></span>A<span class=\"__6 _342\"></span>L SOF<span class=\"__6 _336\"></span>INA D<span class=\"__6 _342\"></span>IREC<span class=\"__6 _336\"></span>T ET SO<span class=\"__6 _342\"></span>FINA F<span class=\"__6 _342\"></span>ONDS PR<span class=\"__6 _342\"></span>IV\u00c9S<span class=\"__6 _341\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 xe7_4 y575 w394 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">0-3<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x5a3 y575 w3c0 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls37_5 ws52_4\">3<span class=\"__6 _343\"></span>.1<span class=\"__6 _2f_4\"></span>2<span class=\"__6 _2f_4\"></span>9</div></td><td class=\"c_1 n_1 x5a4 y575 w367 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">30%</div></td><td class=\"c_1 n_1 x5a5 y575 w3c1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls30_6 ws46_4\">1<span class=\"__6 _343\"></span>.<span class=\"__6 _343\"></span>07<span class=\"__6 _343\"></span>9</div></td><td class=\"c_1 n_1 x5a6 y575 w3c2 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls20_6 ws35_4\">81<span class=\"__6 _343\"></span>%</div></td><td class=\"c_1 n_1 x5a7 y575 w3c3 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.89<span class=\"__6 _342\"></span>7</div></td><td class=\"c_1 n_1 x5a8 y575 w3c4 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls4f_4 wsac\">29%</div></td><td class=\"c_1 n_1 x5a9 y575 w3c5 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">1.2<span class=\"__6 _342\"></span>04</div></td><td class=\"c_1 n_1 x5aa y575 w3a9 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">84%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y576 w398 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4-7<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x5ab y576 w3c6 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4.485</div></td><td class=\"c_1 n_1 x5ac y576 w3c7 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">43%</div></td><td class=\"c_1 n_1 x5ad y576 w3c8 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls44_4 ws90\">188</div></td><td class=\"c_1 n_1 x5ae y576 w325 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">14%</div></td><td class=\"c_1 n_1 x5af y576 w3c9 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">4.<span class=\"__6 _342\"></span>105</div></td><td class=\"c_1 n_1 x5b0 y576 w3ca h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2d_6 ws43_4\">41<span class=\"__6 _343\"></span>%</div></td><td class=\"c_1 n_1 x5b1 y576 w3cb h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">154</div></td><td class=\"c_1 n_1 x5b2 y576 wd6_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">11%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y577 w39c h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">8-10<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x58c y577 w3cc h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.262</div></td><td class=\"c_1 n_1 x5b3 y577 w3cd h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls3e_4 ws84\">21<span class=\"__6 _343\"></span>%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x5b4 y577 w3ce h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">42</div></td><td class=\"c_1 n_1 x5b5 y577 w3b3 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">3%</div></td><td class=\"c_1 n_1 x5b6 y577 w3cf h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2.<span class=\"__6 _342\"></span>145</div></td><td class=\"c_1 n_1 x5b7 y577 w3d0 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls3e_4 ws84\">21%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x5b8 y577 w3d1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">39</div></td><td class=\"c_1 n_1 x5b9 y577 w3b7 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">3%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 n_1 xe7_4 y578 w3a0 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">&gt;10<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x5ba y578 w2b1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">633</div></td><td class=\"c_1 n_1 x5bb y578 w38a h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">6%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x5bc y578 w3d2 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls32_6 ws83\">26</div></td><td class=\"c_1 n_1 x5bd y578 w3ba h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2%</div></td><td class=\"c_1 n_1 x5be y578 w3d3 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls30_6 ws46_4\">9<span class=\"__6 _343\"></span>07</div></td><td class=\"c_1 n_1 x5bf y578 w38a h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">9%<span class=\"__6 _341\"> </span></div></td><td class=\"c_1 n_1 x5c0 y578 w3d4 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls2d_6 ws43_4\">31</div></td><td class=\"c_1 n_1 x5c1 y578 w7c_1 h1d_6\"><div class=\"t_6 m0_6 xe6_4 hd_6 y38c_2 ff2_6 fs7_6 fc1_6 sc0_6 ls1c_6 ws30_6\">2%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"t_6 m0_6 xde_4 h10_6 y5a7 ff4_6 fs7_6 fc0_6 sc0_6 ls51_4 ws85\">TOT<span class=\"__6 _342\"></span>AL<span class=\"__6 _2f_4\"></span> D<span class=\"__6 _343\"></span>U<span class=\"__6 _343\"></span> </td><td class=\"c_1 n_1 x5c2 y5a8 w359 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _336\"></span>509</div></td><td class=\"c_1 n_1 x5c3 y5a8 w32c h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%</div></td><td class=\"c_1 n_1 x5c4 y5a8 w35a h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.335</div></td><td class=\"c_1 n_1 x5c5 y5a8 w32c h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%</div></td><td class=\"c_1 n_1 x5c6 y5a8 w19a h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">10.<span class=\"__6 _342\"></span>054</div></td><td class=\"c_1 n_1 x5c7 y5a8 w32c h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%</div></td><td class=\"c_1 n_1 x5c8 y5a8 w3d5 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">1.428</div></td><td class=\"c_1 n_1 x5c9 y5a8 w32e h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1c_6 ws30_6\">100%<span class=\"__6 _341\"> </span></div></td></tr><tr><td class=\"c_1 xe7_4 y398_2 w3d6 h1d_6\"><div class=\"t_6 m0_6 xe6_4 h10_6 y397_2 ff4_6 fs7_6 fc0_6 sc0_6 ls1f_6 ws34_5\">POR<span class=\"__6 _343\"></span>T<span class=\"__6 _343\"></span>EF<span class=\"__6 _343\"></span>E<span class=\"__6 _343\"></span>UI<span class=\"__6 _343\"></span>LLE</div><div class=\"t_6 m0_6 x4f5 h17_6 y57b ff4_6 fs8_6 fc0_6 sc0_6 ls2_6 ws33_5\">2<span class=\"__6 _341\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table></div><div class=\"t_6 m0_6 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gs12a\">1     Sofina s\u2019<span class=\"__6 _335\"></span>est engag\u00e9e \u00e0 r<span class=\"__6 _342\"></span>\u00e9pondre \u00e0 des appel<span class=\"__6 _336\"></span>s de fonds a<span class=\"__6 _342\"></span>upr\u00e8s de certain<span class=\"__6 _336\"></span>s fond<span class=\"__6 _336\"></span>s priv\u00e9s (cf<span class=\"__6 _342\"></span>. point 3<span class=\"__6 _342\"></span>.<span class=\"__6 _342\"></span>17 ci-dessous).<span class=\"__6 _341\"> </span></div><div class=\"t_6 m0_6 h11_6 ff9_3 fs9_6 fc3_6 sc0_6 ls22_6 ws0_6 gsc3\">2    V<span class=\"__6 _342\"></span>ous tro<span class=\"__6 _336\"></span>uver<span class=\"__6 _336\"></span>ez des inf<span class=\"__6 _342\"></span>ormation<span class=\"__6 _342\"></span>s sur le por<span class=\"__6 _343\"></span>tef<span class=\"__6 _336\"></span>euille Sofina F<span class=\"__6 _342\"></span>onds Priv<span class=\"__6 _342\"></span>\u00e9s figuran<span class=\"__6 _342\"></span>t au bilan au 3<span class=\"__6 _336\"></span>1 d\u00e9cembr<span class=\"__6 _342\"></span>e 202<span class=\"__6 _342\"></span>5 sous le poin<span class=\"__6 _342\"></span>t 2.1 ci-de<span class=\"__6 _342\"></span>ssus.</div><div class=\"t_7 m1_7 h2_7 ff2_7 fs1_7 fc1_7 sc0_7 ls1_7 ws0_7 gsc9_1\">3.<span class=\"__7 _358\"></span>17 DR<span class=\"__7 _355\"></span>OITS ET EN<span class=\"__7 _355\"></span>GA<span class=\"__7 _355\"></span>GEM<span class=\"__7 _355\"></span>ENTS HO<span class=\"__7 _355\"></span>RS B<span class=\"__7 _355\"></span>ILAN<span class=\"__7 _357\"> </span></div><div class=\"gs13_2\"><table class=\"s_2 w9b_2 h3b_1\" id=\"_3de10787-6c59-4042-b01e-e5872ea024ab\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x155_2 h3_7 y42e_2 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x299_1 y42f_2 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x29a_1 y42f_2 w71_2 h1c_7\" colspan=\"2\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x29b_1 h4_7 y430_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">DEVISE </td><td class=\"t_7 m2_7 x29c_1 h4_7 y431_2 ff2_7 fs3_7 fc2_7 sc0_7 ls40_5 ws7a_2\">EUR<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x29d_1 h4_7 y430_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">DEVISE </td><td class=\"t_7 m2_7 x29e_1 h4_7 y431_2 ff2_7 fs3_7 fc2_7 sc0_7 ls40_5 ws7a_2\">EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x29f_1 h4_7 y432_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">\u00c9TRANG<span class=\"__7 _355\"></span>\u00c8RE<span class=\"__7 _357\"> </span></td><td></td><td class=\"t_7 m2_7 x2a0_1 h4_7 y432_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">\u00c9TRANG<span class=\"__7 _355\"></span>\u00c8RE<span class=\"__7 _357\"> </span></td><td></td></tr><tr><td></td><td class=\"c_2 n_2 x2a1_1 y433_2 w1fe_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls44_5 ws7b_1\">EUR<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2a2_1 y433_2 w1ff_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">7<span class=\"__7 _359\"></span>5<span class=\"__7 _359\"></span>.37<span class=\"__7 _359\"></span>6<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2a3_1 y433_2 w200_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">70<span class=\"__7 _355\"></span>.443<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h6_7 y434_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">P<span class=\"__7 _355\"></span>ortef<span class=\"__7 _355\"></span>euille d'investi<span class=\"__7 _355\"></span>ssement,<span class=\"__7 _355\"></span> </td><td class=\"c_2 n_2 x2a1_1 y435_2 w201_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">CAD<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2a4_1 y435_2 w202_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls45_5 ws20_7\">41<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2a5_1 y435_2 w203_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2a6_1 y435_2 w204_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">93<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2a7_1 y435_2 w205_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">62<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y436_2 w206_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">mon<span class=\"__7 _355\"></span>tant<span class=\"__7 _355\"></span>s souscrit<span class=\"__7 _355\"></span>s non appel\u00e9s</div><div class=\"t_7 m2_7 x2a8_1 hf_7 y377_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2a1_1 y437_2 w207_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">USD<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2a9_1 y437_2 w208_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.45<span class=\"__7 _355\"></span>2.<span class=\"__7 _355\"></span>70<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2aa_1 y437_2 w209_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.236<span class=\"__7 _355\"></span>.346<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ab_1 y437_2 w20a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.38<span class=\"__7 _355\"></span>1.084<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ac_1 y437_2 w20b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.32<span class=\"__7 _355\"></span>9.<span class=\"__7 _355\"></span>371<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td class=\"c_2 n_2 x2a1_1 y438_2 w20c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls22_7 ws7c_1\">GBP<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ad_1 y438_2 w20d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">12.310<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ae_1 y438_2 w20e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">14.<span class=\"__7 _361\"></span>108<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2af_1 y438_2 w20f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>3.2<span class=\"__7 _355\"></span>91<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2b0_1 y438_2 w210_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>8.089<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td class=\"c_2 n_2 x2a1_1 y439_2 w211_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">CNY<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2b1_1 y439_2 w212_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">70.0<span class=\"__7 _359\"></span>00<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2b2_1 y439_2 w213_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">8.509<span class=\"__7 _357\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c_2 n_2 x2b3_1 y43a_2 w214_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.334.364<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2b4_1 y43a_2 w215_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.427<span class=\"__7 _358\"></span>.965<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y43b_2 w216_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Lignes de c<span class=\"__7 _355\"></span>r\u00e9dit obt<span class=\"__7 _355\"></span>enues<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td class=\"c_2 n_2 x2b5_1 y43b_2 w217_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.3<span class=\"__7 _355\"></span>75.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2b6_1 y43b_2 w218_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _361\"></span>185.000<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y3ed_3 w219_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant u<span class=\"__7 _355\"></span>tilis\u00e9<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td class=\"c_2 n_2 x2b7_1 y3ed_3 w1e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2b8_1 y3ed_3 w1e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y43c_2 w21a_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant n<span class=\"__7 _355\"></span>on utilis\u00e9<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td class=\"c_2 n_2 x2b9_1 y43c_2 w21b_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _355\"></span>3<span class=\"__7 _355\"></span>75.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2ba_1 y43c_2 w21c_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _355\"></span>185.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h6_7 y43d_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Lignes de c<span class=\"__7 _355\"></span>r\u00e9dit acc<span class=\"__7 _355\"></span>ord\u00e9es aux<span class=\"__7 _355\"></span> </td><td></td><td></td><td class=\"c_2 n_2 x2bb_1 y43e_2 w21d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">8<span class=\"__7 _355\"></span>75.000<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2bc_1 y43e_2 w21d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">8<span class=\"__7 _355\"></span>75.000<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h6_7 y43f_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">filiale<span class=\"__7 _355\"></span>s d'investis<span class=\"__7 _355\"></span>sement<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 xbb_4 y3e7_3 w219_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant u<span class=\"__7 _355\"></span>tilis\u00e9<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td class=\"c_2 n_2 x2bd_1 y3e7_3 w21e_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3<span class=\"__7 _355\"></span>91.062<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2be_1 y3e7_3 w21f_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>18.410<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y35f_3 w21a_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant n<span class=\"__7 _355\"></span>on utilis\u00e9<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td class=\"c_2 n_2 x2bf_1 y35f_3 w220_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls46_5 ws7d_1\">483.<span class=\"__7 _359\"></span>938<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2c0_1 y35f_3 w221_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">656.<span class=\"__7 _355\"></span>590<span class=\"__7 _357\"> </span></div></td></tr></table></div><div class=\"t_7 m27_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls25_7 ws2d_7 gsca_1\">P<span class=\"__7 _361\"></span>our m\u00e9moir<span class=\"__7 _355\"></span>e, Sofina b\u00e9n<span class=\"__7 _355\"></span>\u00e9fice de dr<span class=\"__7 _355\"></span>oits de pr\u00e9em<span class=\"__7 _355\"></span>ption ou de sou<span class=\"__7 _355\"></span>scrip<span class=\"__7 _355\"></span>tion pr\u00e9f<span class=\"__7 _355\"></span>\u00e9ren<span class=\"__7 _355\"></span>tielle </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws7e_1 gscb_1\">dan<span class=\"__7 _355\"></span>s certaines pa<span class=\"__7 _355\"></span>rticipation<span class=\"__7 _355\"></span>s de son portef<span class=\"__7 _355\"></span>euille (consi<span class=\"__7 _355\"></span>d\u00e9r\u00e9 en tr<span class=\"__7 _355\"></span>anspa<span class=\"__7 _355\"></span>renc<span class=\"__7 _355\"></span>e) et ceux-ci son<span class=\"__7 _355\"></span>t </div><div class=\"t_7 m28_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws2d_7 gscc_1\">conditionn<span class=\"__7 _355\"></span>\u00e9s par un<span class=\"__7 _355\"></span>e augmen<span class=\"__7 _355\"></span>tation d<span class=\"__7 _355\"></span>u capital de l<span class=\"__7 _355\"></span>a soci\u00e9t\u00e9 c<span class=\"__7 _355\"></span>oncern\u00e9e du porte<span class=\"__7 _355\"></span>feuille ou<span class=\"__7 _355\"></span> </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws7f_1 gscd_1\">par l<span class=\"__7 _355\"></span>a mise en ven<span class=\"__7 _355\"></span>te par u<span class=\"__7 _355\"></span>n actionnair<span class=\"__7 _355\"></span>e de ses acti<span class=\"__7 _355\"></span>ons d\u00e9t<span class=\"__7 _355\"></span>enues da<span class=\"__7 _355\"></span>ns la soci<span class=\"__7 _355\"></span>\u00e9t\u00e9 en ques<span class=\"__7 _355\"></span>tion. </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws80_1 gsce_1\">L<span class=\"__7 _355\"></span>es autr<span class=\"__7 _355\"></span>es dr<span class=\"__7 _355\"></span>oits obt<span class=\"__7 _355\"></span>enus con<span class=\"__7 _355\"></span>cernen<span class=\"__7 _355\"></span>t essen<span class=\"__7 _355\"></span>tiellemen<span class=\"__7 _355\"></span>t la possibilit<span class=\"__7 _355\"></span>\u00e9 pour Sofina e<span class=\"__7 _355\"></span>t ses filiale<span class=\"__7 _355\"></span>s </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws81_1 gscf_1\">d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t de suivre un a<span class=\"__7 _355\"></span>ctionnair<span class=\"__7 _355\"></span>e qui c\u00e8derait t<span class=\"__7 _355\"></span>out ou pa<span class=\"__7 _355\"></span>r<span class=\"__7 _359\"></span>tie de sa pa<span class=\"__7 _355\"></span>rticipation (ta<span class=\"__7 _355\"></span>g-<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws82_1 gsd0_1\">along righ<span class=\"__7 _355\"></span>t). L<span class=\"__7 _355\"></span>es engagem<span class=\"__7 _355\"></span>ents donn<span class=\"__7 _355\"></span>\u00e9s par Sofin<span class=\"__7 _355\"></span>a et ses filia<span class=\"__7 _355\"></span>les d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t son<span class=\"__7 _355\"></span>t rela<span class=\"__7 _355\"></span>tifs </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsf_7 gsd1_1\">\u00e0 des obliga<span class=\"__7 _355\"></span>tions de suit<span class=\"__7 _355\"></span>e (cession de<span class=\"__7 _355\"></span>s action<span class=\"__7 _355\"></span>s) en cas de ce<span class=\"__7 _355\"></span>ssion par c<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>tain<span class=\"__7 _355\"></span>s actionnair<span class=\"__7 _355\"></span>es </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws83_1 gsd2_1\">de leur<span class=\"__7 _355\"></span>s action<span class=\"__7 _355\"></span>s (drag-alon<span class=\"__7 _355\"></span>g right). L<span class=\"__7 _361\"></span>e tota<span class=\"__7 _355\"></span>l de la jus<span class=\"__7 _355\"></span>te va<span class=\"__7 _355\"></span>leur des pa<span class=\"__7 _355\"></span>r<span class=\"__7 _359\"></span>ticipa<span class=\"__7 _355\"></span>tions c<span class=\"__7 _355\"></span>oncern\u00e9e<span class=\"__7 _355\"></span>s </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gsd3_1\">par c<span class=\"__7 _355\"></span>es engagemen<span class=\"__7 _355\"></span>ts es<span class=\"__7 _355\"></span>t de 4.227<span class=\"__7 _c7\"></span>.836 millier<span class=\"__7 _355\"></span>s EUR.<span class=\"__7 _357\"> </span></div>1<span class=\"__7 gs79_1\"> </span><span class=\"__7 _365\"> </span><span class=\"__7 gs79_1\"> </span>Ces<span class=\"__7 gs79_1\"> </span>m<span class=\"__7 _355\"></span>ontan<span class=\"__7 _355\"></span>ts<span class=\"__7 gs79_1\"> </span>provi<span class=\"__7 _355\"></span>ennent<span class=\"__7 gs79_1\"> </span>ess<span class=\"__7 _355\"></span>entiellemen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>souscrip<span class=\"__7 _355\"></span>tions<span class=\"__7 gs79_1\"> </span>aux<span class=\"__7 gs79_1\"> </span>inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>ts<span class=\"__7 gs79_1\"> </span>Sofina<span class=\"__7 gs79_1\"> </span>F<span class=\"__7 _355\"></span>onds<span class=\"__7 gs79_1\"> </span>Priv<span class=\"__7 _355\"></span>\u00e9s<span class=\"__7 gs79_1\"> </span>pour<span class=\"__7 gs79_1\"> </span>un<span class=\"__7 gs79_1\"> </span>mon<span class=\"__7 _355\"></span>tant<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>1.<span class=\"__7 _355\"></span>329<span class=\"__7 gs79_1\"> </span>million<span class=\"__7 _355\"></span>s<span class=\"__7 gs79_1\"> </span>EUR<span class=\"__7 gs79_1\"> </span>(cf<span class=\"__7 _355\"></span>.<span class=\"__7 gs79_1\"> </span>point<span class=\"__7 gs79_1\"> </span>2.6<span class=\"__7 _355\"></span>.<span class=\"__7 gs79_1\"> </span>ci-dessus).<span class=\"__7 gs79_1\"> </span>C<span class=\"__7 _355\"></span>es<span class=\"__7 gs79_1\"> </span>engagemen<span class=\"__7 _355\"></span>ts<span class=\"__7 gs79_1\"> </span>sont<span class=\"__7 gs79_1\"> </span>pris<span class=\"__7 gs79_1\"> </span>pa<span class=\"__7 _355\"></span>r<span class=\"__7 gs79_1\"> </span>Sofina<span class=\"__7 gs79_1\"> </span>SA<span class=\"__7 gs79_1\"> </span>ou<span class=\"__7 gs79_1\"> </span>par<span class=\"__7 gs79_1\"> </span>se<span class=\"__7 _355\"></span>s<span class=\"__7 gs79_1\"> </span>filiales<span class=\"__7 gs79_1\"> </span>d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>(vues<span class=\"__7 gs79_1\"> </span>en<span class=\"__7 gs79_1\"> </span>tran<span class=\"__7 _355\"></span>sparen<span class=\"__7 _355\"></span>ce).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeographicalAreasExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-272": {
   "value": "3.2 C<span class=\"__7 _355\"></span>LASS<span class=\"__7 _355\"></span>IFI<span class=\"__7 _355\"></span>CA<span class=\"__7 _358\"></span>TI<span class=\"__7 _355\"></span>ON DE<span class=\"__7 _361\"></span>S INS<span class=\"__7 _355\"></span>TRUMENT<span class=\"__7 _355\"></span>S FIN<span class=\"__7 _355\"></span>ANC<span class=\"__7 _355\"></span>IER<span class=\"__7 _361\"></span>S<span class=\"__7 _357\"> </span><table class=\"s_2 w28_2 h1f_7\" id=\"_ea35eed7-52fa-4424-b930-1569be738ab0\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 xa1_4 h3_7 y360_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 xa2_4 h4_7 y361_3 ff2_7 fs3_7 fc2_7 sc0_7 ls16_7 ws1a_7\">VA<span class=\"__7 _359\"></span>L<span class=\"__7 _359\"></span>E<span class=\"__7 _356\"></span>U<span class=\"__7 _359\"></span>R<span class=\"__7 _356\"></span> </td><td></td><td class=\"t_7 m2_7 xa3_4 h4_7 y362_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">JUS<span class=\"__7 _355\"></span>TE V<span class=\"__7 _355\"></span>AL<span class=\"__7 _355\"></span>EUR<span class=\"__7 _357\"> </span></td><td></td><td class=\"t_7 m2_7 xa4_4 h4_7 y361_3 ff2_7 fs3_7 fc2_7 sc0_7 ls16_7 ws1a_7\">VA<span class=\"__7 _359\"></span>L<span class=\"__7 _359\"></span>E<span class=\"__7 _356\"></span>U<span class=\"__7 _359\"></span>R<span class=\"__7 _356\"></span> </td><td></td><td class=\"t_7 m2_7 xa5_4 h4_7 y362_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">JUS<span class=\"__7 _355\"></span>TE V<span class=\"__7 _355\"></span>AL<span class=\"__7 _355\"></span>EUR<span class=\"__7 _357\"> </span></td><td></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 xa6_4 h4_7 y363_3 ff2_7 fs3_7 fc2_7 sc0_7 ls17_7 ws1b_7\">C<span class=\"__7 _356\"></span>O<span class=\"__7 _356\"></span>M<span class=\"__7 _356\"></span>P<span class=\"__7 _356\"></span>TA<span class=\"__7 _356\"></span>B<span class=\"__7 _356\"></span>L<span class=\"__7 _356\"></span>E<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td class=\"t_7 m2_7 xa7_4 h4_7 y363_3 ff2_7 fs3_7 fc2_7 sc0_7 ls17_7 ws1b_7\">C<span class=\"__7 _356\"></span>O<span class=\"__7 _356\"></span>M<span class=\"__7 _356\"></span>P<span class=\"__7 _356\"></span>TA<span class=\"__7 _356\"></span>B<span class=\"__7 _356\"></span>L<span class=\"__7 _356\"></span>E<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_7 m2_7 xa8_5 h4_7 y364_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">CLASSIFICA<span class=\"__7 _361\"></span>TION I<span class=\"__7 _359\"></span>FRS 9<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 xa9_4 h4_7 y365_3 ff2_7 fs3_7 fc2_7 sc0_7 ls19_7 ws1d_7\">TOT<span class=\"__7 _355\"></span>AL<span class=\"__7 _359\"></span> A<span class=\"__7 _359\"></span>U </td><td class=\"c_2 n_2 xaa_4 y366_3 w29_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">NIVEA<span class=\"__7 _355\"></span>U 1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xab_4 y366_3 w2a_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">NIVEA<span class=\"__7 _355\"></span>U 2<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xac_4 y366_3 w2b_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">NIV<span class=\"__7 _355\"></span>EAU 3</div></td><td class=\"t_7 m2_7 xad_4 h4_7 y365_3 ff2_7 fs3_7 fc2_7 sc0_7 ls19_7 ws1d_7\">TOT<span class=\"__7 _355\"></span>AL<span class=\"__7 _359\"></span> A<span class=\"__7 _359\"></span>U </td><td class=\"c_2 n_2 xae_4 y366_3 w29_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">NIVEA<span class=\"__7 _355\"></span>U 1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xaf_4 y366_3 w2a_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">NIVEA<span class=\"__7 _355\"></span>U 2<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xb0_4 y366_3 w2b_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">NIV<span class=\"__7 _355\"></span>EAU 3<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 xb1_4 h4_7 y367_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td class=\"t_7 m2_7 xb2_4 h4_7 y367_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y368_3 w2c_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">P<span class=\"__7 _355\"></span>ortef<span class=\"__7 _355\"></span>euille d'investi<span class=\"__7 _355\"></span>ssement<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 xb3_4 y368_3 w2d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">10.<span class=\"__7 _358\"></span>109.<span class=\"__7 _355\"></span>981<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xb4_4 y368_3 w2e_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">20<span class=\"__7 _355\"></span>2.068<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xb5_4 y368_3 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xb6_4 y368_3 w2f_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.90<span class=\"__7 _355\"></span>7<span class=\"__7 _358\"></span>.913<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xb7_4 y368_3 w30_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.840.436<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xb8_4 y368_3 w31_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">349<span class=\"__7 _355\"></span>.851<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xb9_4 y368_3 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xba_4 y368_3 w32_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9.490<span class=\"__7 _355\"></span>.585<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y36a_3 w33_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">P<span class=\"__7 _355\"></span>articipations<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xbc_4 y36a_3 w34_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Jus<span class=\"__7 _355\"></span>te valeur vi<span class=\"__7 _355\"></span>a le r\u00e9sult<span class=\"__7 _355\"></span>at<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xbd_4 y36a_3 w35_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">10.0<span class=\"__7 _359\"></span>45.0<span class=\"__7 _359\"></span>97<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xbe_4 y36a_3 w36_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">202.<span class=\"__7 _355\"></span>068<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xbf_4 y36a_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xc0_4 y36a_3 w37_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">9.8<span class=\"__7 _359\"></span>43.029<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xc1_4 y36a_3 w38_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.<span class=\"__7 _355\"></span>778.58<span class=\"__7 _355\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xc2_4 y36a_3 w39_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">349<span class=\"__7 _355\"></span>.85<span class=\"__7 _355\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xc3_4 y36a_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xc4_4 y36a_3 w3a_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9.42<span class=\"__7 _361\"></span>8.7<span class=\"__7 _361\"></span>34<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y36b_3 w3b_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls6_7 ws5_7\">Cr\u00e9<span class=\"__7 _359\"></span>an<span class=\"__7 _359\"></span>ce<span class=\"__7 _359\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xc5_4 y36b_3 w3c_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">D\u00e9sign\u00e9<span class=\"__7 _355\"></span>es \u00e0 la ju<span class=\"__7 _355\"></span>st<span class=\"__7 _355\"></span>e valeur via le r<span class=\"__7 _355\"></span>\u00e9sultat<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xc6_4 y36b_3 w3d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">64.884<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xc7_4 y36b_3 w1e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xc8_4 y36b_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xc9_4 y36b_3 w3e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">64.884<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xca_4 y36b_3 w3f_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">61.85<span class=\"__7 _361\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xcb_4 y36b_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xcc_4 y36b_3 w1e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xcd_4 y36b_3 w40_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">61.8<span class=\"__7 _355\"></span>51<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y36d_3 w41_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es sur les filiale<span class=\"__7 _355\"></span>s</div><div class=\"t_7 m2_7 xce_4 hf_7 y36c_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xcf_4 y36d_3 w42_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">D\u00e9sign\u00e9e<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur via le r\u00e9<span class=\"__7 _355\"></span>sultat<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xd0_4 y36d_3 w43_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">434.2<span class=\"__7 _355\"></span>47<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xd1_4 y36d_3 w1e_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xd2_4 y36d_3 w43_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">434.2<span class=\"__7 _355\"></span>47<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xd3_4 y36d_3 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xd4_4 y36d_3 w44_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">42<span class=\"__7 _355\"></span>0.<span class=\"__7 _355\"></span>957<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xd5_4 y36d_3 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xd6_4 y36d_3 w45_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">42<span class=\"__7 _355\"></span>0.95<span class=\"__7 _361\"></span>7<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xd7_4 y36d_3 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y36e_3 w46_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">D\u00e9p\u00f4t<span class=\"__7 _355\"></span>s et autre<span class=\"__7 _355\"></span>s actifs finan<span class=\"__7 _355\"></span>ciers cour<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>ts<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 xd8_4 y36e_3 w47_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.408.038<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xd9_4 y36e_3 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xda_4 y36e_3 w47_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.408.038<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xdb_4 y36e_3 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xdc_5 y36e_3 w48_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">530<span class=\"__7 _355\"></span>.469<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xdd_5 y36e_3 w1e_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xde_5 y36e_3 w48_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">530<span class=\"__7 _355\"></span>.469<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xdf_5 y36e_3 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y370_3 w49_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">D\u00e9p\u00f4ts<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xc5_4 y370_3 w4a_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">D\u00e9sign\u00e9<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>st<span class=\"__7 _355\"></span>e valeur via le r\u00e9<span class=\"__7 _355\"></span>sultat<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xe0_5 y370_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xe1_5 y370_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xe2_5 y370_3 w1e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xe3_5 y370_3 w1e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xe4_5 y370_3 w4b_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">75.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xe5_5 y370_3 w1e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xe6_5 y370_3 w4b_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">75.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xe7_5 y370_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y371_3 w4c_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Plac<span class=\"__7 _355\"></span>ements de t<span class=\"__7 _355\"></span>r\u00e9sor<span class=\"__7 _355\"></span>erie<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xe8_5 y371_3 w34_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Jus<span class=\"__7 _355\"></span>te val<span class=\"__7 _355\"></span>eur via le r\u00e9s<span class=\"__7 _355\"></span>ultat<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xe9_5 y371_3 w4d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.3<span class=\"__7 _355\"></span>98.6<span class=\"__7 _355\"></span>72<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xea_5 y371_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xeb_5 y371_3 w4d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.3<span class=\"__7 _355\"></span>98.6<span class=\"__7 _355\"></span>72<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xec_5 y371_3 w1e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xed_5 y371_3 w4e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">451.<span class=\"__7 _355\"></span>9<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xee_5 y371_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xef_5 y371_3 w4e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">451.<span class=\"__7 _355\"></span>92<span class=\"__7 _355\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xf0_5 y371_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y372_3 w4f_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls1b_7 ws20_7\">Autres cr\u00e9a<span class=\"__7 _359\"></span>nces<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xf1_5 y372_3 w50_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">D\u00e9sign\u00e9<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>st<span class=\"__7 _355\"></span>e valeur via le r\u00e9<span class=\"__7 _355\"></span>sultat<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xf2_5 y372_3 w51_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.366<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xf3_5 y372_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xf4_4 y372_3 w51_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.366<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xf5_4 y372_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xf6_4 y372_3 w52_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">3.5<span class=\"__7 _359\"></span>44<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xf7_4 y372_3 w1e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xf8_4 y372_3 w52_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">3.5<span class=\"__7 _359\"></span>44<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xf9_4 y372_3 w1e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y373_3 w53_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>r\u00e9sor<span class=\"__7 _355\"></span>erie et \u00e9quiva<span class=\"__7 _355\"></span>lents de tr<span class=\"__7 _355\"></span>\u00e9sor<span class=\"__7 _355\"></span>erie<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xfa_4 y373_3 w54_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">D\u00e9sign\u00e9s \u00e0 la j<span class=\"__7 _355\"></span>uste v<span class=\"__7 _355\"></span>aleur via le r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xfb_4 y373_3 w55_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">205.<span class=\"__7 _355\"></span>377<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xfc_4 y373_3 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xfd_4 y373_3 w56_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>05.3<span class=\"__7 _355\"></span>77<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xfe_4 y373_3 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xff_4 y373_3 w57_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">357<span class=\"__7 _358\"></span>.381<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x100_4 y373_3 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x101_4 y373_3 w58_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">35<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>.381<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x102_4 y373_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y374_3 w59_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s financi\u00e8r<span class=\"__7 _355\"></span>es non co<span class=\"__7 _355\"></span>uran<span class=\"__7 _355\"></span>tes<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x103_4 y374_3 w5a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Au co\u00fbt a<span class=\"__7 _355\"></span>morti<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x104_4 y374_3 w5b_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.2<span class=\"__7 _355\"></span>93.438<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x105_4 y374_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x106_4 y374_3 w5c_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.258.2<span class=\"__7 _355\"></span>71<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x107_3 y374_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x108_3 y374_3 w5d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1c_7 ws21_7\">6<span class=\"__7 _364\"></span>9<span class=\"__7 _359\"></span>7.<span class=\"__7 _356\"></span>0<span class=\"__7 _356\"></span>74<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x109_3 y374_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x10a_3 y374_3 w5e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">634.3<span class=\"__7 _355\"></span>75<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x10b_3 y374_3 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y375_3 w5f_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s financi\u00e8r<span class=\"__7 _355\"></span>es cou<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>tes<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x10c_3 y375_3 w5a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Au co\u00fbt a<span class=\"__7 _355\"></span>morti<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x10d_3 y375_3 w60_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5.2<span class=\"__7 _355\"></span>71<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x10e_3 y375_3 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x10f_3 y375_3 w60_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5.2<span class=\"__7 _355\"></span>71<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x110_3 y375_3 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x111_3 y375_3 w61_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.268<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x112_3 y375_3 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x113_3 y375_3 w62_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.2<span class=\"__7 _355\"></span>68<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x114_3 y375_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y376_3 w63_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es d\u00e9biteu<span class=\"__7 _355\"></span>rs cour<span class=\"__7 _355\"></span>ant<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x115_3 y376_3 w5a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Au co\u00fbt a<span class=\"__7 _355\"></span>morti<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x116_3 y376_3 w64_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.540<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x117_3 y376_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x118_3 y376_3 w65_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.540<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x119_3 y376_3 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x11a_3 y376_3 w66_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">98<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x11b_3 y376_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x11c_3 y376_3 w67_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">98<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x11d_2 y376_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y378_3 w68_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s envers le<span class=\"__7 _355\"></span>s filiales</div><div class=\"t_7 m2_7 x11e_2 hf_7 y377_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xcf_4 y378_3 w42_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">D\u00e9sign\u00e9e<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur via le r\u00e9<span class=\"__7 _355\"></span>sultat<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x11f_2 y378_3 w69_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">6<span class=\"__7 _355\"></span>.<span class=\"__7 _355\"></span>105<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x120_2 y378_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x121_2 y378_3 w6a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">6.<span class=\"__7 _358\"></span>105<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x122_2 y378_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x123_2 y378_3 w6b_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">138.<span class=\"__7 _355\"></span>535<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x124_2 y378_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x125_2 y378_3 w6b_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">138.<span class=\"__7 _355\"></span>535<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x126_2 y378_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y379_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s fournis<span class=\"__7 _355\"></span>seurs et a<span class=\"__7 _355\"></span>utres c<span class=\"__7 _355\"></span>r\u00e9dite<span class=\"__7 _355\"></span>urs </td><td class=\"c_2 n_2 xcf_4 y37a_3 w5a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Au co\u00fbt a<span class=\"__7 _355\"></span>morti<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x127_2 y37a_3 w6c_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">1<span class=\"__7 _359\"></span>8<span class=\"__7 _359\"></span>.7<span class=\"__7 _359\"></span>93<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x128_2 y37a_3 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x129_2 y37a_3 w6c_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">1<span class=\"__7 _359\"></span>8<span class=\"__7 _359\"></span>.7<span class=\"__7 _359\"></span>93<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x12a_2 y37a_3 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x12b_2 y37a_3 w6d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">15.2<span class=\"__7 _355\"></span>7<span class=\"__7 _355\"></span>3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 xd5_4 y37a_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x12c_2 y37a_3 w6e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">15.2<span class=\"__7 _355\"></span>7<span class=\"__7 _355\"></span>3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x12d_2 y37a_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y37b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1d_7 ws22_7\">couran<span class=\"__7 _355\"></span>ts<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>Au co<span class=\"__7 _355\"></span>urs de l\u2019<span class=\"__7 _361\"></span>ann\u00e9e, il n<span class=\"__7 _355\"></span>\u2019y a pas eu de tr<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>sferts de niveaux.<span class=\"__7 _357\"> </span>La ju<span class=\"__7 _355\"></span>ste v<span class=\"__7 _355\"></span>aleur des \u00e9l\u00e9m<span class=\"__7 _355\"></span>ents d<span class=\"__7 _355\"></span>u por<span class=\"__7 _359\"></span>tef<span class=\"__7 _355\"></span>euille d\u2019inve<span class=\"__7 _355\"></span>stis<span class=\"__7 _355\"></span>sement pe<span class=\"__7 _355\"></span>ut \u00eatre hi\u00e9r<span class=\"__7 _355\"></span>ar<span class=\"__7 _355\"></span>chis\u00e9e comme suit<span class=\"__7 gs17_1\"> </span>:<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es actifs \u00e9<span class=\"__7 _355\"></span>val<span class=\"__7 _355\"></span>u\u00e9s selon le niveau 1 s<span class=\"__7 _355\"></span>ont va<span class=\"__7 _355\"></span>loris\u00e9s a<span class=\"__7 _355\"></span>u cours de bo<span class=\"__7 _355\"></span>urse \u00e0 la da<span class=\"__7 _355\"></span>te de cl\u00f4<span class=\"__7 _355\"></span>tur<span class=\"__7 _355\"></span>e. L<span class=\"__7 _355\"></span>es donn\u00e9e<span class=\"__7 _355\"></span>s de niveau 2 son<span class=\"__7 _355\"></span>t des donn\u00e9e<span class=\"__7 _355\"></span>s concerna<span class=\"__7 _355\"></span>nt l\u2019<span class=\"__7 _361\"></span>actif ou le pa<span class=\"__7 _355\"></span>ssif<span class=\"__7 _355\"></span>, autre<span class=\"__7 _355\"></span>s que les prix co<span class=\"__7 _355\"></span>t\u00e9s incl<span class=\"__7 _355\"></span>us dan<span class=\"__7 _355\"></span>s les donn\u00e9<span class=\"__7 _355\"></span>es de niveau 1, qui s<span class=\"__7 _355\"></span>ont obs<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>vable<span class=\"__7 _355\"></span>s direct<span class=\"__7 _355\"></span>ement o<span class=\"__7 _355\"></span>u indirec<span class=\"__7 _355\"></span>temen<span class=\"__7 _355\"></span>t. L<span class=\"__7 _355\"></span>es donn\u00e9e<span class=\"__7 _355\"></span>s de niveau 3 son<span class=\"__7 _355\"></span>t des donn\u00e9e<span class=\"__7 _355\"></span>s non observable<span class=\"__7 _355\"></span>s concerna<span class=\"__7 _355\"></span>nt l\u2019<span class=\"__7 _361\"></span>actif ou le pa<span class=\"__7 _355\"></span>ssif<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es participa<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s direct<span class=\"__7 _355\"></span>es dan<span class=\"__7 _355\"></span>s des filia<span class=\"__7 _355\"></span>les d\u2019inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>t son<span class=\"__7 _355\"></span>t consid\u00e9r<span class=\"__7 _355\"></span>\u00e9es de nive<span class=\"__7 _355\"></span>au 3 et son<span class=\"__7 _355\"></span>t valoris<span class=\"__7 _355\"></span>\u00e9es sur la ba<span class=\"__7 _355\"></span>se de la j<span class=\"__7 _355\"></span>uste v<span class=\"__7 _355\"></span>aleur de le<span class=\"__7 _355\"></span>ur propr<span class=\"__7 _355\"></span>e portefe<span class=\"__7 _355\"></span>uille (niveau 1, 2 ou 3) e<span class=\"__7 _355\"></span>t de la j<span class=\"__7 _355\"></span>uste v<span class=\"__7 _355\"></span>aleur de le<span class=\"__7 _355\"></span>urs autr<span class=\"__7 _355\"></span>es actifs e<span class=\"__7 _355\"></span>t passifs<span class=\"__7 _355\"></span>. Le<span class=\"__7 _355\"></span>s participa<span class=\"__7 _355\"></span>tions da<span class=\"__7 _355\"></span>ns les en<span class=\"__7 _355\"></span>tre<span class=\"__7 _355\"></span>prises a<span class=\"__7 _355\"></span>ssoci\u00e9es<span class=\"__7 _355\"></span> son<span class=\"__7 _355\"></span>t \u00e9galemen<span class=\"__7 _355\"></span>t de niveau 3 et s<span class=\"__7 _355\"></span>ont va<span class=\"__7 _355\"></span>loris\u00e9es \u00e0 l<span class=\"__7 _355\"></span>a jus<span class=\"__7 _355\"></span>te vale<span class=\"__7 _355\"></span>ur<span class=\"__7 _355\"></span>. Une desc<span class=\"__7 _355\"></span>ription d\u00e9<span class=\"__7 _355\"></span>taill\u00e9e des m\u00e9th<span class=\"__7 _355\"></span>odes de valori<span class=\"__7 _355\"></span>sation et de l<span class=\"__7 _355\"></span>a sensibilit<span class=\"__7 _355\"></span>\u00e9 de la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur es<span class=\"__7 _355\"></span>t reprise a<span class=\"__7 _355\"></span>ux point<span class=\"__7 _355\"></span>s 2.3 et 2.4 ci-dessu<span class=\"__7 _355\"></span>s. L<span class=\"__7 _355\"></span>e portefe<span class=\"__7 _355\"></span>uille d\u00e9tenu en tr<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>sparen<span class=\"__7 _355\"></span>ce est d\u00e9c<span class=\"__7 _355\"></span>rit sous le poin<span class=\"__7 _361\"></span>t 2.2 ci-dessus.<span class=\"__7 _357\"> </span>La ju<span class=\"__7 _355\"></span>ste v<span class=\"__7 _355\"></span>aleur des a<span class=\"__7 _355\"></span>utre<span class=\"__7 _355\"></span>s instrum<span class=\"__7 _355\"></span>ents fin<span class=\"__7 _355\"></span>anciers a \u00e9<span class=\"__7 _355\"></span>t\u00e9 d\u00e9t<span class=\"__7 _355\"></span>ermin\u00e9e selon les m\u00e9th-<span class=\"__7 _357\"> </span>odes suiv<span class=\"__7 _355\"></span>ant<span class=\"__7 _355\"></span>es<span class=\"__7 gs17_1\"> </span>:<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _364\"></span>pour les in<span class=\"__7 _355\"></span>strumen<span class=\"__7 _355\"></span>ts fina<span class=\"__7 _355\"></span>nciers \u00e0 co<span class=\"__7 _355\"></span>urt terme, t<span class=\"__7 _355\"></span>els que les cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es et dett<span class=\"__7 _355\"></span>es commer<span class=\"__7 _355\"></span>ciales<span class=\"__7 _355\"></span>, la j<span class=\"__7 _355\"></span>uste v<span class=\"__7 _355\"></span>aleur e<span class=\"__7 _355\"></span>st consi<span class=\"__7 _355\"></span>d\u00e9r\u00e9e comm<span class=\"__7 _355\"></span>e n\u2019<span class=\"__7 _358\"></span>\u00e9tan<span class=\"__7 _355\"></span>t pas significa<span class=\"__7 _355\"></span>tivemen<span class=\"__7 _355\"></span>t diff\u00e9r<span class=\"__7 _355\"></span>ente de l<span class=\"__7 _355\"></span>a valeu<span class=\"__7 _355\"></span>r comp<span class=\"__7 _355\"></span>table au co\u00fbt am<span class=\"__7 _355\"></span>orti<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span>\u2022 po<span class=\"__7 _355\"></span>ur les pr\u00ea<span class=\"__7 _355\"></span>ts et emprun<span class=\"__7 _355\"></span>ts, tel<span class=\"__7 _355\"></span>s que les d\u00e9p\u00f4t<span class=\"__7 _355\"></span>s ou les cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es sur et dett<span class=\"__7 _355\"></span>es enver<span class=\"__7 _355\"></span>s les filiale<span class=\"__7 _355\"></span>s, la j<span class=\"__7 _355\"></span>uste v<span class=\"__7 _355\"></span>aleur e<span class=\"__7 _355\"></span>st consi<span class=\"__7 _355\"></span>d\u00e9r\u00e9e comm<span class=\"__7 _355\"></span>e n\u2019<span class=\"__7 _358\"></span>\u00e9tan<span class=\"__7 _355\"></span>t pas significa<span class=\"__7 _355\"></span>tivemen<span class=\"__7 _355\"></span>t diff\u00e9r<span class=\"__7 _355\"></span>ente de l<span class=\"__7 _355\"></span>a va<span class=\"__7 _355\"></span>leur compt<span class=\"__7 _355\"></span>able au co\u00fbt amorti<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _359\"></span>pour les em<span class=\"__7 _355\"></span>prunts \u00e0 lon<span class=\"__7 _355\"></span>g terme,  l<span class=\"__7 _355\"></span>a jus<span class=\"__7 _355\"></span>te va<span class=\"__7 _355\"></span>leur d\u2019un inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t en dette<span class=\"__7 _355\"></span>, en l\u2019<span class=\"__7 _355\"></span>ab<span class=\"__7 _355\"></span>sence de prix activ<span class=\"__7 _355\"></span>ement n\u00e9goci<span class=\"__7 _355\"></span>\u00e9s, es<span class=\"__7 _355\"></span>t g\u00e9n\u00e9ra<span class=\"__7 _355\"></span>lement d\u00e9riv<span class=\"__7 _355\"></span>\u00e9e d\u2019une ana<span class=\"__7 _355\"></span>lyse de r<span class=\"__7 _355\"></span>endement t<span class=\"__7 _355\"></span>enan<span class=\"__7 _355\"></span>t comp<span class=\"__7 _355\"></span>te de la qu<span class=\"__7 _355\"></span>alit\u00e9 du c<span class=\"__7 _355\"></span>r\u00e9dit, du c<span class=\"__7 _355\"></span>oupon et de l\u2019<span class=\"__7 _358\"></span>\u00e9ch\u00e9an<span class=\"__7 _355\"></span>ce, ain<span class=\"__7 _355\"></span>si que de l\u2019<span class=\"__7 _355\"></span>applica<span class=\"__7 _355\"></span>tion de la calibr<span class=\"__7 _355\"></span>ation ;<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _364\"></span>pour les d\u00e9riv\u00e9<span class=\"__7 _355\"></span>s de taux de cha<span class=\"__7 _355\"></span>nge ou de ta<span class=\"__7 _355\"></span>ux d\u2019int\u00e9r<span class=\"__7 _355\"></span>\u00eats<span class=\"__7 _355\"></span>, la ju<span class=\"__7 _355\"></span>ste v<span class=\"__7 _355\"></span>aleur e<span class=\"__7 _355\"></span>st arr<span class=\"__7 _355\"></span>\u00eat\u00e9e sur l<span class=\"__7 _355\"></span>a base de mod\u00e8les a<span class=\"__7 _355\"></span>ctuali<span class=\"__7 _355\"></span>san<span class=\"__7 _355\"></span>t les flux futu<span class=\"__7 _355\"></span>rs d\u00e9termin<span class=\"__7 _355\"></span>\u00e9s sur la ba<span class=\"__7 _355\"></span>se des courbe<span class=\"__7 _355\"></span>s de taux d\u2019in<span class=\"__7 _355\"></span>t\u00e9r\u00ea<span class=\"__7 _355\"></span>ts futur<span class=\"__7 _355\"></span>s ou des ta<span class=\"__7 _355\"></span>ux de chan<span class=\"__7 _355\"></span>ge ou autre<span class=\"__7 _355\"></span>s prix \u00e0 terme (f<span class=\"__7 _355\"></span>or<span class=\"__7 _359\"></span>war<span class=\"__7 _355\"></span>d).<span class=\"__7 _357\"> </span>1 <span class=\"__7 _365\"> </span> L<span class=\"__7 _355\"></span>es cr\u00e9a<span class=\"__7 _355\"></span>nces sur et les de<span class=\"__7 _355\"></span>ttes enver<span class=\"__7 _355\"></span>s les filiales son<span class=\"__7 _355\"></span>t d\u00e9sign\u00e9es \u00e0 la j<span class=\"__7 _355\"></span>uste va<span class=\"__7 _355\"></span>leur mais vu qu\u2019il s\u2019<span class=\"__7 _361\"></span>agit de cr\u00e9an<span class=\"__7 _355\"></span>ces et dett<span class=\"__7 _355\"></span>es \u00e0 tr\u00e8s co<span class=\"__7 _355\"></span>urt terme, il n\u2019y a pa<span class=\"__7 _355\"></span>s de varia<span class=\"__7 _355\"></span>tion de juste v<span class=\"__7 _355\"></span>aleur \u00e0 comp<span class=\"__7 _355\"></span>tabiliser<span class=\"__7 _361\"></span>.Risq<span class=\"__7 _355\"></span>ues financier<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span>V<span class=\"__7 _361\"></span>ous tro<span class=\"__7 _355\"></span>uverez u<span class=\"__7 _355\"></span>ne descrip<span class=\"__7 _355\"></span>tion des ris<span class=\"__7 _355\"></span>ques finan<span class=\"__7 _355\"></span>ciers au po<span class=\"__7 _355\"></span>int 2.5 ci-de<span class=\"__7 _355\"></span>ssus.    D\u00e9tail<span class=\"__7 _355\"></span>s des mouvem<span class=\"__7 _355\"></span>ents pour le<span class=\"__7 _355\"></span>s inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>ts fina<span class=\"__7 _355\"></span>nciers c<span class=\"__7 _355\"></span>ompta<span class=\"__7 _355\"></span>bilis\u00e9s \u00e0 l<span class=\"__7 _355\"></span>a just<span class=\"__7 _355\"></span>e va<span class=\"__7 _355\"></span>leur de nivea<span class=\"__7 _355\"></span>u 3<span class=\"__7 _357\"> </span><table class=\"s_2 w6f_2 h21_5\" id=\"_fa17661b-abd3-49f9-af9f-f36ac31611bd\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y37c_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x84_5 y37d_3 w70_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">PORTE<span class=\"__7 _355\"></span>FEUIL<span class=\"__7 _355\"></span>LE D<span class=\"__7 _355\"></span>'INVES<span class=\"__7 _355\"></span>TISS<span class=\"__7 _355\"></span>EMENT<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x12f_2 y37d_3 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x130_2 y37d_3 w71_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y37e_3 w72_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur nett<span class=\"__7 _355\"></span>e \u00e0 l\u2019<span class=\"__7 _361\"></span>ouvertur<span class=\"__7 _355\"></span>e de la p\u00e9riode<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x131_2 y37e_3 w73_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.490.<span class=\"__7 _355\"></span>585<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x132_2 y37e_3 w74_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">8.22<span class=\"__7 _355\"></span>8.868<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y37f_3 w75_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">En<span class=\"__7 _355\"></span>tr\u00e9e<span class=\"__7 _355\"></span>s au cours de l'<span class=\"__7 _361\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x133_2 y37f_3 w76_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">494.585<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x134_2 y37f_3 w77_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _355\"></span>623<span class=\"__7 _355\"></span>.915<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y380_3 wa_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sorties au co<span class=\"__7 _355\"></span>urs de l'<span class=\"__7 _355\"></span>ex<span class=\"__7 _355\"></span>ercice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x135_2 y380_3 w78_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-135.564<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x136_2 y380_3 w79_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-547<span class=\"__7 _358\"></span>.50<span class=\"__7 _355\"></span>1<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y381_3 w7a_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>ariati<span class=\"__7 _355\"></span>ons des plu<span class=\"__7 _355\"></span>s-value<span class=\"__7 _355\"></span>s laten<span class=\"__7 _355\"></span>tes en r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x137_2 y381_3 w7b_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>96.<span class=\"__7 _355\"></span>75<span class=\"__7 _355\"></span>9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x138_2 y381_3 w7c_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">430.<span class=\"__7 _355\"></span>7<span class=\"__7 _355\"></span>38<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y382_3 w7d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>ariati<span class=\"__7 _355\"></span>ons des mo<span class=\"__7 _355\"></span>ins-va<span class=\"__7 _355\"></span>lues la<span class=\"__7 _355\"></span>tent<span class=\"__7 _355\"></span>es en r\u00e9sult<span class=\"__7 _355\"></span>at<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x139_2 y382_3 w7e_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>38.454<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x13a_2 y382_3 w7f_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>45.411<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y383_3 w80_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>ariati<span class=\"__7 _355\"></span>on des int<span class=\"__7 _355\"></span>\u00e9r\u00eats c<span class=\"__7 _355\"></span>ourus non \u00e9ch<span class=\"__7 _355\"></span>us<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x13b_2 y383_3 w81_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">2<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x13c_2 y383_3 w82_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls21_7 ws33_6\">-<span class=\"__7 _359\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y384_3 w83_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>ran<span class=\"__7 _355\"></span>sfert vers le niv<span class=\"__7 _355\"></span>eau 3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x13d_2 y384_3 w19_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x13e_2 y384_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y385_3 w84_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>ran<span class=\"__7 _355\"></span>sfert depuis le nivea<span class=\"__7 _355\"></span>u 3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x13f_2 y385_3 w19_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x140_2 y385_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w85_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur nett<span class=\"__7 _355\"></span>e \u00e0 la cl\u00f4tu<span class=\"__7 _355\"></span>re de la p\u00e9riode<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x141_2 y35f_3 w86_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.90<span class=\"__7 _355\"></span>7<span class=\"__7 _358\"></span>.913<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x142_2 y35f_3 w87_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">9.490<span class=\"__7 _355\"></span>.585<span class=\"__7 _357\"> </span></div></td></tr></table><div class=\"t_7 m1_7 h2_7 ff2_7 fs1_7 fc1_7 sc0_7 ls1_7 ws0_7 gs85_1\">3.<span class=\"__7 _358\"></span>12 R\u00c9<span class=\"__7 _355\"></span>SUL<span class=\"__7 _358\"></span>T<span class=\"__7 _c7\"></span>A<span class=\"__7 _c7\"></span>T NET DU PO<span class=\"__7 _355\"></span>RTEF<span class=\"__7 _355\"></span>EUIL<span class=\"__7 _355\"></span>LE D<span class=\"__7 _355\"></span>\u2019INV<span class=\"__7 _355\"></span>ES<span class=\"__7 _355\"></span>TIS<span class=\"__7 _355\"></span>SEME<span class=\"__7 _355\"></span>NT<span class=\"__7 _358\"></span> </div><div class=\"t_7 m14_2 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls1e_7 ws27_7 gs86_1\">L<span class=\"__7 _355\"></span>es plu<span class=\"__7 _355\"></span>s-value<span class=\"__7 _355\"></span>s r\u00e9ali<span class=\"__7 _355\"></span>s\u00e9es sur les inv<span class=\"__7 _355\"></span>estissem<span class=\"__7 _355\"></span>ents pr<span class=\"__7 _355\"></span>ovienn<span class=\"__7 _355\"></span>ent principa<span class=\"__7 _355\"></span>lement de la c<span class=\"__7 _355\"></span>ession de </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wse_7 gs87_1\">participa<span class=\"__7 _355\"></span>tions d<span class=\"__7 _355\"></span>ans un<span class=\"__7 _355\"></span>e soci\u00e9t\u00e9 a<span class=\"__7 _355\"></span>ctive da<span class=\"__7 _355\"></span>ns le domaine de l<span class=\"__7 _355\"></span>a pr\u00e9v<span class=\"__7 _355\"></span>ention ac<span class=\"__7 _355\"></span>tive des ris<span class=\"__7 _355\"></span>ques </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs88_1\">de san<span class=\"__7 _355\"></span>t\u00e9.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws66_4 gs89_1\">L<span class=\"__7 _355\"></span>es moin<span class=\"__7 _355\"></span>s-val<span class=\"__7 _355\"></span>ues r\u00e9a<span class=\"__7 _355\"></span>lis\u00e9es su<span class=\"__7 _355\"></span>r les inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>ts pro<span class=\"__7 _355\"></span>viennen<span class=\"__7 _355\"></span>t principalem<span class=\"__7 _355\"></span>ent de la ce<span class=\"__7 _355\"></span>ssion </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs8a_1\">de participa<span class=\"__7 _355\"></span>tions d<span class=\"__7 _355\"></span>ans un<span class=\"__7 _355\"></span>e soci\u00e9t<span class=\"__7 _355\"></span>\u00e9 active da<span class=\"__7 _355\"></span>ns la ge<span class=\"__7 _355\"></span>stion d\u2019<span class=\"__7 _361\"></span>actifs.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m15_2 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls1e_7 ws25_7 gs8b_1\">L<span class=\"__7 _355\"></span>es plu<span class=\"__7 _355\"></span>s-value<span class=\"__7 _355\"></span>s lat<span class=\"__7 _355\"></span>ent<span class=\"__7 _355\"></span>es sur les inv<span class=\"__7 _355\"></span>estiss<span class=\"__7 _355\"></span>ements pr<span class=\"__7 _355\"></span>ovi<span class=\"__7 _355\"></span>ennent prin<span class=\"__7 _355\"></span>cipalemen<span class=\"__7 _355\"></span>t d\u2019inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>ts </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws9_7 gs8c_1\">dan<span class=\"__7 _355\"></span>s des soci\u00e9<span class=\"__7 _355\"></span>t\u00e9s ac<span class=\"__7 _355\"></span>tives da<span class=\"__7 _355\"></span>ns les dom<span class=\"__7 _355\"></span>aines de l\u2019<span class=\"__7 _358\"></span>\u00e9duca<span class=\"__7 _355\"></span>tion, des pr<span class=\"__7 _355\"></span>oduits d\u2019hygi<span class=\"__7 _355\"></span>\u00e8ne person<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span></div><div class=\"t_7 m16_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws27_7 gs8d_1\">nelle et de l<span class=\"__7 _355\"></span>a pr\u00e9v<span class=\"__7 _355\"></span>ention a<span class=\"__7 _355\"></span>ctive des ri<span class=\"__7 _355\"></span>sques de san<span class=\"__7 _355\"></span>t\u00e9, de<span class=\"__7 _355\"></span>s solution<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _355\"></span>acc\u00e8<span class=\"__7 _355\"></span>s \u00e9lectr<span class=\"__7 _355\"></span>onique, ain<span class=\"__7 _355\"></span>si </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs8e_1\">que de nos fili<span class=\"__7 _355\"></span>ales (Sofin<span class=\"__7 _355\"></span>a Invest e<span class=\"__7 _355\"></span>t Sofina L<span class=\"__7 _355\"></span>ondon).<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws43_5 gs8f_1\">L<span class=\"__7 _355\"></span>es moin<span class=\"__7 _355\"></span>s-va<span class=\"__7 _355\"></span>lues la<span class=\"__7 _355\"></span>tent<span class=\"__7 _355\"></span>es sur les inv<span class=\"__7 _355\"></span>estis<span class=\"__7 _355\"></span>sement<span class=\"__7 _355\"></span>s concernen<span class=\"__7 _355\"></span>t principalem<span class=\"__7 _355\"></span>ent no<span class=\"__7 _355\"></span>s participa<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws67_4 gs90_1\">tion<span class=\"__7 _355\"></span>s dans n<span class=\"__7 _355\"></span>os filiale<span class=\"__7 _355\"></span>s (Sofina C<span class=\"__7 _355\"></span>apital, So<span class=\"__7 _355\"></span>fina V<span class=\"__7 _355\"></span>ent<span class=\"__7 _355\"></span>ure<span class=\"__7 _355\"></span>s, Sofina U<span class=\"__7 _355\"></span>S, Sofin<span class=\"__7 _355\"></span>a Asia) ainsi que d<span class=\"__7 _355\"></span>ans </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs91_1\">des soci<span class=\"__7 _355\"></span>\u00e9t\u00e9s ac<span class=\"__7 _355\"></span>tives da<span class=\"__7 _355\"></span>ns la pr<span class=\"__7 _355\"></span>ot<span class=\"__7 _355\"></span>ection biologi<span class=\"__7 _355\"></span>que des cultur<span class=\"__7 _355\"></span>es et d<span class=\"__7 _355\"></span>ans l\u2019<span class=\"__7 _358\"></span>\u00e9duca<span class=\"__7 _355\"></span>tion en ligne<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span></div><div class=\"gs9b_1\"><table class=\"s_2 w19f_1 h35_2\" id=\"_c1266c0a-d2e3-4d1f-8411-fabf9df3adf7\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y3fc_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x22a_1 y3fd_3 w17c_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x22b_1 y3fd_3 w17d_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h5_7 y3fe_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">P<span class=\"__7 _355\"></span>articipation<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ff_3 w1a0_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9<span class=\"__7 _355\"></span>sultats r<span class=\"__7 _355\"></span>\u00e9alis\u00e9<span class=\"__7 _355\"></span>s sur cession<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x247_1 y3ff_3 w1a1_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-13<span class=\"__7 _355\"></span>.<span class=\"__7 _355\"></span>782<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x248_1 y3ff_3 w1a2_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">198.386<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y400_3 w1a3_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls3c_5 ws68_4\">Plu<span class=\"__7 _355\"></span>s-values<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x249_1 y400_3 w1a4_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">15.80<span class=\"__7 _355\"></span>3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x24a_1 y400_3 w1a5_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>40.454<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x24b_1 he_7 y401_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Moins-v<span class=\"__7 _355\"></span>alues<span class=\"__7 _357\"> </span></td><td class=\"c_2 n_2 x224_1 y402_3 w1a6_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls29_7 ws4c_5\">-<span class=\"__7 _359\"></span>29.5<span class=\"__7 _359\"></span>8<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x24c_1 y402_3 w1a7_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-42.068<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y403_3 w1a8_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9<span class=\"__7 _355\"></span>sultats n<span class=\"__7 _355\"></span>on r\u00e9alis<span class=\"__7 _355\"></span>\u00e9s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x24d_1 y403_3 w1a9_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">61.3<span class=\"__7 _355\"></span>14<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x24e_1 y403_3 w1aa_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">15<span class=\"__7 _355\"></span>1.965<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y404_3 w1a3_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls3c_5 ws68_4\">Plu<span class=\"__7 _355\"></span>s-values<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x24f_1 y404_3 w1ab_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">303<span class=\"__7 _355\"></span>.42<span class=\"__7 _355\"></span>3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x250_1 y404_3 w1ac_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">434.32<span class=\"__7 _361\"></span>9<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y405_3 w1ad_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Moins-v<span class=\"__7 _355\"></span>alues<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x251_1 y405_3 w1ae_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>42.<span class=\"__7 _355\"></span>109<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x252_1 y405_3 w1af_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y369_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>82.364<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y406_3 w1b0_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>otal de<span class=\"__7 _355\"></span>s participations<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x253_1 y406_3 w1b1_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls1c_7 ws21_7\">4<span class=\"__7 _356\"></span>7.<span class=\"__7 _356\"></span>5<span class=\"__7 _356\"></span>3<span class=\"__7 _359\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x254_1 y406_3 w1b2_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">350.<span class=\"__7 _355\"></span>351<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h5_7 y407_3 ff2_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">Cr<span class=\"__7 _355\"></span>\u00e9<span class=\"__7 _359\"></span>ances </td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y408_3 w1a0_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9<span class=\"__7 _355\"></span>sultats r<span class=\"__7 _355\"></span>\u00e9alis\u00e9<span class=\"__7 _355\"></span>s sur cession<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x255_1 y408_3 w19_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x256_1 y408_3 w1b3_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.215<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y409_3 w1a3_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls3c_5 ws68_4\">Plu<span class=\"__7 _355\"></span>s-values<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x257_1 y409_3 w19_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0</div></td><td class=\"c_2 n_2 x258_1 y40b_3 w1b4_1 h36_2\"><div class=\"t_7 m2_7 x80_5 he_7 y40a_3 ffc_1 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>1.2<span class=\"__7 _355\"></span>15\ue064\ue064\ue064<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y40c_3 w1ad_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Moins-v<span class=\"__7 _355\"></span>alues<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x257_1 y40c_3 w19_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x259_1 y40c_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y40d_3 w1a8_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9<span class=\"__7 _355\"></span>sultats n<span class=\"__7 _355\"></span>on r\u00e9alis<span class=\"__7 _355\"></span>\u00e9s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x25a_1 y40d_3 w1b_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.956<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x25b_1 y40d_3 w1b5_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">4<span class=\"__7 _359\"></span>.7<span class=\"__7 _359\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y40e_3 w1a3_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls3c_5 ws68_4\">Plu<span class=\"__7 _355\"></span>s-values<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x25c_1 y40e_3 w1b6_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.956<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x25d_1 y40e_3 w1b7_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2e_7 ws52_5\">4<span class=\"__7 _359\"></span>.7<span class=\"__7 _359\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y40f_3 w1ad_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Moins-v<span class=\"__7 _355\"></span>alues<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x257_1 y40f_3 w19_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x259_1 y40f_3 w1d_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y410_3 w1b8_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>otal de<span class=\"__7 _355\"></span>s cr\u00e9an<span class=\"__7 _355\"></span>ces<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x25e_1 y410_3 w1b9_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.956<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x25f_1 y410_3 wd6_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls3d_5 ws69_4\">5.9<span class=\"__7 _359\"></span>39<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w1ba_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">R<span class=\"__7 _355\"></span>\u00e9sultat ne<span class=\"__7 _355\"></span>t du portefeuille d\u2019inv<span class=\"__7 _355\"></span>estis<span class=\"__7 _355\"></span>sement<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x260_1 y35f_3 w1bb_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">50<span class=\"__7 _355\"></span>.488<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x261_1 y35f_3 w1bc_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">356.2<span class=\"__7 _355\"></span>90<span class=\"__7 _357\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-274": {
   "value": "3.<span class=\"__7 _355\"></span>3 D\u00c9P<span class=\"__7 _355\"></span>\u00d4<span class=\"__7 _355\"></span>TS ET AUTR<span class=\"__7 _355\"></span>ES A<span class=\"__7 _361\"></span>CTIF<span class=\"__7 _361\"></span>S FINA<span class=\"__7 _355\"></span>NC<span class=\"__7 _355\"></span>IER<span class=\"__7 _355\"></span>S COU<span class=\"__7 _355\"></span>RANTS<span class=\"__7 _357\"> </span><table class=\"s_2 w6f_2 h22_5\" id=\"_1a2290d7-a5d4-4aaf-bd75-4b1cf7f61e0a\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y386_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x143_2 y387_3 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x144_2 y387_3 w3_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y35d_3 w88_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">D\u00e9p\u00f4t<span class=\"__7 _355\"></span>s</div><div class=\"t_7 m2_7 x145_2 hf_7 y36c_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x146_2 y35d_3 w19_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x147_2 y35d_3 w89_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">75.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35e_3 w8a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Pla<span class=\"__7 _355\"></span>cements de tr<span class=\"__7 _355\"></span>\u00e9sor<span class=\"__7 _355\"></span>erie<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x148_2 y35e_3 w8b_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.398.6<span class=\"__7 _355\"></span>72<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x149_2 y35e_3 w8c_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">45<span class=\"__7 _355\"></span>1.925<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y388_4 w8d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls22_7 ws1e_7\">Autres<span class=\"__7 _359\"></span> cr\u00e9ances<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14a_2 y388_4 w8e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.366<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14b_2 y388_4 w8f_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">3.5<span class=\"__7 _359\"></span>44<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w90_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">D\u00e9p\u00f4ts e<span class=\"__7 _355\"></span>t autres a<span class=\"__7 _355\"></span>ctifs financier<span class=\"__7 _355\"></span>s coura<span class=\"__7 _355\"></span>nts<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14c_2 y35f_3 w91_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">1.408.0<span class=\"__7 _355\"></span>38<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14d_2 y35f_3 w92_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">5<span class=\"__7 _355\"></span>30.469<span class=\"__7 _357\"> </span></div></td></tr></table>L<span class=\"__7 _355\"></span>es plac<span class=\"__7 _355\"></span>ements de tr<span class=\"__7 _355\"></span>\u00e9sor<span class=\"__7 _355\"></span>erie son<span class=\"__7 _355\"></span>t \u00e9va<span class=\"__7 _355\"></span>lu\u00e9s \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r par le biai<span class=\"__7 _355\"></span>s du comp<span class=\"__7 _355\"></span>te de r\u00e9<span class=\"__7 _355\"></span>sultats<span class=\"__7 _355\"></span>.1 <span class=\"__7 _365\"> </span> D\u00e9p\u00f4ts \u00e0 lon<span class=\"__7 _355\"></span>g terme av<span class=\"__7 _355\"></span>ec un pr\u00e9avi<span class=\"__7 _355\"></span>s de 32 jours.D\u00e9p\u00f4t e<span class=\"__7 _355\"></span>t autre<span class=\"__7 _355\"></span>s actifs finan<span class=\"__7 _355\"></span>ciers cou<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>ts<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es commer<span class=\"__7 _355\"></span>ciales son<span class=\"__7 _361\"></span>t <span class=\"__7 _359\"></span>\u00e9v<span class=\"__7 _355\"></span>alu\u00e9e<span class=\"__7 _355\"></span>s au co\u00fbt am<span class=\"__7 _355\"></span>orti. <span class=\"__7 _359\"></span>La norme I<span class=\"__7 _355\"></span>FR<span class=\"__7 _355\"></span>S 9 requi<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>t la com<span class=\"__7 _355\"></span>p<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>tab<span class=\"__7 _355\"></span>ilisation de pert<span class=\"__7 _355\"></span>es de cr<span class=\"__7 _355\"></span>\u00e9dit sur tou<span class=\"__7 _355\"></span>s les instru<span class=\"__7 _355\"></span>ments de de<span class=\"__7 _355\"></span>ttes<span class=\"__7 _355\"></span>, pr\u00eats e<span class=\"__7 _355\"></span>t cr\u00e9a<span class=\"__7 _355\"></span>nces c<span class=\"__7 _355\"></span>ommer<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>ciale<span class=\"__7 _355\"></span>s sur la base de le<span class=\"__7 _355\"></span>ur dur\u00e9<span class=\"__7 _355\"></span>e de vie. Ce m<span class=\"__7 _355\"></span>od\u00e8le de per<span class=\"__7 _359\"></span>te de v<span class=\"__7 _355\"></span>aleur pr<span class=\"__7 _355\"></span>\u00e9vu par l<span class=\"__7 _355\"></span>a norme IF<span class=\"__7 _355\"></span>RS 9 est f<span class=\"__7 _355\"></span>ond\u00e9 sur l\u2019<span class=\"__7 _361\"></span>an<span class=\"__7 _355\"></span>ticipation de<span class=\"__7 _355\"></span>s pertes et n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _355\"></span>a pas d\u2019inci<span class=\"__7 _355\"></span>dence significa<span class=\"__7 _355\"></span>tive sur l\u2019<span class=\"__7 _358\"></span>\u00e9v<span class=\"__7 _355\"></span>alua<span class=\"__7 _355\"></span>tion des d\u00e9pr<span class=\"__7 _355\"></span>\u00e9cia<span class=\"__7 _355\"></span>tions d\u2019<span class=\"__7 _361\"></span>actifs fina<span class=\"__7 _355\"></span>nciers.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es d\u00e9p\u00f4<span class=\"__7 _355\"></span>ts sont d\u00e9<span class=\"__7 _355\"></span>sign\u00e9s \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r via le compt<span class=\"__7 _355\"></span>e de r\u00e9<span class=\"__7 _355\"></span>sultats<span class=\"__7 _355\"></span>. L<span class=\"__7 _355\"></span>es cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es sur les filia<span class=\"__7 _355\"></span>les son<span class=\"__7 _355\"></span>t d\u00e9sign\u00e9es \u00e0 l<span class=\"__7 _355\"></span>a jus<span class=\"__7 _355\"></span>te va<span class=\"__7 _355\"></span>leur via le comp<span class=\"__7 _355\"></span>te de r<span class=\"__7 _355\"></span>\u00e9sultat<span class=\"__7 _355\"></span>s.<span class=\"__7 _357\"> </span>La tr\u00e9<span class=\"__7 _355\"></span>sorerie e<span class=\"__7 _355\"></span>t les \u00e9quiva<span class=\"__7 _355\"></span>lents de tr<span class=\"__7 _355\"></span>\u00e9sor<span class=\"__7 _355\"></span>erie compr<span class=\"__7 _355\"></span>ennen<span class=\"__7 _355\"></span>t les liquidit<span class=\"__7 _355\"></span>\u00e9s et les d\u00e9p\u00f4<span class=\"__7 _355\"></span>ts \u00e0 terme<span class=\"__7 _355\"></span> \u00e0 moin<span class=\"__7 _355\"></span>s de troi<span class=\"__7 _355\"></span>s mois<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-275": {
   "value": "3.<span class=\"__7 _355\"></span>3 D\u00c9P<span class=\"__7 _355\"></span>\u00d4<span class=\"__7 _355\"></span>TS ET AUTR<span class=\"__7 _355\"></span>ES A<span class=\"__7 _361\"></span>CTIF<span class=\"__7 _361\"></span>S FINA<span class=\"__7 _355\"></span>NC<span class=\"__7 _355\"></span>IER<span class=\"__7 _355\"></span>S COU<span class=\"__7 _355\"></span>RANTS<span class=\"__7 _357\"> </span><table class=\"s_2 w6f_2 h22_5\" id=\"_1a2290d7-a5d4-4aaf-bd75-4b1cf7f61e0a\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y386_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x143_2 y387_3 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x144_2 y387_3 w3_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y35d_3 w88_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">D\u00e9p\u00f4t<span class=\"__7 _355\"></span>s</div><div class=\"t_7 m2_7 x145_2 hf_7 y36c_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x146_2 y35d_3 w19_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x147_2 y35d_3 w89_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">75.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35e_3 w8a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Pla<span class=\"__7 _355\"></span>cements de tr<span class=\"__7 _355\"></span>\u00e9sor<span class=\"__7 _355\"></span>erie<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x148_2 y35e_3 w8b_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.398.6<span class=\"__7 _355\"></span>72<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x149_2 y35e_3 w8c_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">45<span class=\"__7 _355\"></span>1.925<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y388_4 w8d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls22_7 ws1e_7\">Autres<span class=\"__7 _359\"></span> cr\u00e9ances<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14a_2 y388_4 w8e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.366<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14b_2 y388_4 w8f_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">3.5<span class=\"__7 _359\"></span>44<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w90_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">D\u00e9p\u00f4ts e<span class=\"__7 _355\"></span>t autres a<span class=\"__7 _355\"></span>ctifs financier<span class=\"__7 _355\"></span>s coura<span class=\"__7 _355\"></span>nts<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14c_2 y35f_3 w91_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">1.408.0<span class=\"__7 _355\"></span>38<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14d_2 y35f_3 w92_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">5<span class=\"__7 _355\"></span>30.469<span class=\"__7 _357\"> </span></div></td></tr></table>L<span class=\"__7 _355\"></span>es plac<span class=\"__7 _355\"></span>ements de tr<span class=\"__7 _355\"></span>\u00e9sor<span class=\"__7 _355\"></span>erie son<span class=\"__7 _355\"></span>t \u00e9va<span class=\"__7 _355\"></span>lu\u00e9s \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r par le biai<span class=\"__7 _355\"></span>s du comp<span class=\"__7 _355\"></span>te de r\u00e9<span class=\"__7 _355\"></span>sultats<span class=\"__7 _355\"></span>.1 <span class=\"__7 _365\"> </span> D\u00e9p\u00f4ts \u00e0 lon<span class=\"__7 _355\"></span>g terme av<span class=\"__7 _355\"></span>ec un pr\u00e9avi<span class=\"__7 _355\"></span>s de 32 jours.<span class=\"__7 _355\"></span> <div class=\"t_7 m4_7 h2_7 ff2_7 fs1_7 fc3_7 sc0_7 ls2_7 ws0_7 gs16e\">D\u00e9p\u00f4t e<span class=\"__7 _355\"></span>t autre<span class=\"__7 _355\"></span>s actifs finan<span class=\"__7 _355\"></span>ciers cou<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>ts<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs170\">L<span class=\"__7 _355\"></span>es d\u00e9p\u00f4<span class=\"__7 _355\"></span>ts sont d\u00e9<span class=\"__7 _355\"></span>sign\u00e9s \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r via le compt<span class=\"__7 _355\"></span>e de r\u00e9<span class=\"__7 _355\"></span>sultats<span class=\"__7 _355\"></span>. </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepositsFromBanksExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-277": {
   "value": "<div class=\"t_7 m1_7 h2_7 ff2_7 fs1_7 fc1_7 sc0_7 ls1_7 ws0_7 gs38_1\">3.4 TR<span class=\"__7 _355\"></span>\u00c9S<span class=\"__7 _361\"></span>ORER<span class=\"__7 _355\"></span>IE ET \u00c9<span class=\"__7 _355\"></span>QUIV<span class=\"__7 _358\"></span>ALE<span class=\"__7 _355\"></span>NTS DE TR<span class=\"__7 _355\"></span>\u00c9S<span class=\"__7 _361\"></span>ORER<span class=\"__7 _355\"></span>IE<span class=\"__7 _361\"></span> </div><div class=\"gs39_1\"><table class=\"s_2 w6f_2 h23_5\" id=\"_6c8fda7d-11af-4726-969d-7837ba56193b\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y389_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x143_2 y38a_3 w2_2 h24_4\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x144_2 y38a_3 w3_2 h24_4\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38c_3 w93_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Ba<span class=\"__7 _355\"></span>nques et c<span class=\"__7 _355\"></span>aisses<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14e_2 y38c_3 w6c_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">1<span class=\"__7 _359\"></span>8<span class=\"__7 _359\"></span>.<span class=\"__7 _359\"></span>376<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x14f_2 y38c_3 w94_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">44.238<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38d_3 w95_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Pla<span class=\"__7 _355\"></span>cements e<span class=\"__7 _355\"></span>t d\u00e9p\u00f4ts \u00e0 co<span class=\"__7 _355\"></span>urt terme<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x150_2 y38d_3 w96_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1c_7 ws21_7\">1<span class=\"__7 _356\"></span>8<span class=\"__7 _356\"></span>7.<span class=\"__7 _359\"></span>0<span class=\"__7 _364\"></span>0<span class=\"__7 _359\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x151_2 y38d_3 w97_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3<span class=\"__7 _355\"></span>13.<span class=\"__7 _361\"></span>143<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w98_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>r\u00e9sorerie e<span class=\"__7 _355\"></span>t \u00e9quivalen<span class=\"__7 _355\"></span>ts de tr\u00e9<span class=\"__7 _355\"></span>sorerie<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x152_2 y35f_3 w99_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>05.3<span class=\"__7 _361\"></span>77<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x153_2 y35f_3 w9a_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">357<span class=\"__7 _358\"></span>.38<span class=\"__7 _355\"></span>1<span class=\"__7 _357\"> </span></div></td></tr></table></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws34_6 gs3a_1\">La tr\u00e9<span class=\"__7 _355\"></span>sorerie e<span class=\"__7 _355\"></span>t les \u00e9quiva<span class=\"__7 _355\"></span>lents de tr<span class=\"__7 _355\"></span>\u00e9sor<span class=\"__7 _355\"></span>erie se com<span class=\"__7 _355\"></span>posent de<span class=\"__7 _355\"></span>s soldes ba<span class=\"__7 _355\"></span>ncaire<span class=\"__7 _355\"></span>s, des f<span class=\"__7 _355\"></span>onds </div><div class=\"t_7 mc_5 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls1e_7 ws25_7 gs3b_1\">en caiss<span class=\"__7 _355\"></span>e et des plac<span class=\"__7 _355\"></span>ement<span class=\"__7 _355\"></span>s dans de<span class=\"__7 _355\"></span>s instru<span class=\"__7 _355\"></span>ments de m<span class=\"__7 _355\"></span>arc<span class=\"__7 _355\"></span>h\u00e9 mon\u00e9t<span class=\"__7 _355\"></span>aire \u00e0 tr<span class=\"__7 _355\"></span>ois moi<span class=\"__7 _355\"></span>s maximum.</div>D\u00e9p\u00f4t e<span class=\"__7 _355\"></span>t autre<span class=\"__7 _355\"></span>s actifs finan<span class=\"__7 _355\"></span>ciers cou<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>ts<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es commer<span class=\"__7 _355\"></span>ciales son<span class=\"__7 _361\"></span>t <span class=\"__7 _359\"></span>\u00e9v<span class=\"__7 _355\"></span>alu\u00e9e<span class=\"__7 _355\"></span>s au co\u00fbt am<span class=\"__7 _355\"></span>orti. <span class=\"__7 _359\"></span>La norme I<span class=\"__7 _355\"></span>FR<span class=\"__7 _355\"></span>S 9 requi<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>t la com<span class=\"__7 _355\"></span>p<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>tab<span class=\"__7 _355\"></span>ilisation de pert<span class=\"__7 _355\"></span>es de cr<span class=\"__7 _355\"></span>\u00e9dit sur tou<span class=\"__7 _355\"></span>s les instru<span class=\"__7 _355\"></span>ments de de<span class=\"__7 _355\"></span>ttes<span class=\"__7 _355\"></span>, pr\u00eats e<span class=\"__7 _355\"></span>t cr\u00e9a<span class=\"__7 _355\"></span>nces c<span class=\"__7 _355\"></span>ommer<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>ciale<span class=\"__7 _355\"></span>s sur la base de le<span class=\"__7 _355\"></span>ur dur\u00e9<span class=\"__7 _355\"></span>e de vie. Ce m<span class=\"__7 _355\"></span>od\u00e8le de per<span class=\"__7 _359\"></span>te de v<span class=\"__7 _355\"></span>aleur pr<span class=\"__7 _355\"></span>\u00e9vu par l<span class=\"__7 _355\"></span>a norme IF<span class=\"__7 _355\"></span>RS 9 est f<span class=\"__7 _355\"></span>ond\u00e9 sur l\u2019<span class=\"__7 _361\"></span>an<span class=\"__7 _355\"></span>ticipation de<span class=\"__7 _355\"></span>s pertes et n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _355\"></span>a pas d\u2019inci<span class=\"__7 _355\"></span>dence significa<span class=\"__7 _355\"></span>tive sur l\u2019<span class=\"__7 _358\"></span>\u00e9v<span class=\"__7 _355\"></span>alua<span class=\"__7 _355\"></span>tion des d\u00e9pr<span class=\"__7 _355\"></span>\u00e9cia<span class=\"__7 _355\"></span>tions d\u2019<span class=\"__7 _361\"></span>actifs fina<span class=\"__7 _355\"></span>nciers.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es d\u00e9p\u00f4<span class=\"__7 _355\"></span>ts sont d\u00e9<span class=\"__7 _355\"></span>sign\u00e9s \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r via le compt<span class=\"__7 _355\"></span>e de r\u00e9<span class=\"__7 _355\"></span>sultats<span class=\"__7 _355\"></span>. L<span class=\"__7 _355\"></span>es cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es sur les filia<span class=\"__7 _355\"></span>les son<span class=\"__7 _355\"></span>t d\u00e9sign\u00e9es \u00e0 l<span class=\"__7 _355\"></span>a jus<span class=\"__7 _355\"></span>te va<span class=\"__7 _355\"></span>leur via le comp<span class=\"__7 _355\"></span>te de r<span class=\"__7 _355\"></span>\u00e9sultat<span class=\"__7 _355\"></span>s.<span class=\"__7 _357\"> </span>La tr\u00e9<span class=\"__7 _355\"></span>sorerie e<span class=\"__7 _355\"></span>t les \u00e9quiva<span class=\"__7 _355\"></span>lents de tr<span class=\"__7 _355\"></span>\u00e9sor<span class=\"__7 _355\"></span>erie compr<span class=\"__7 _355\"></span>ennen<span class=\"__7 _355\"></span>t les liquidit<span class=\"__7 _355\"></span>\u00e9s et les d\u00e9p\u00f4<span class=\"__7 _355\"></span>ts \u00e0 terme<span class=\"__7 _355\"></span> \u00e0 moin<span class=\"__7 _355\"></span>s de troi<span class=\"__7 _355\"></span>s mois<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-278": {
   "value": "<div class=\"t_7 m1_7 h2_7 ff2_7 fs1_7 fc1_7 sc0_7 ls23_7 ws35_5 gs3d_1\">3.5 CAPI<span class=\"__7 _359\"></span>T<span class=\"__7 _358\"></span>AL<span class=\"__7 _357\"> </span></div><div class=\"gs3e_1\"><table class=\"s_2 w9b_2 h26_3\" id=\"_e0d6390c-e31f-4c6c-92dc-2ae99de6e72f\"><tr><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x155_2 h3_7 y38e_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x156_2 y38f_3 w9c_2 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls24_7 ws36_5\">CAPIT<span class=\"__7 _361\"></span>AL<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td class=\"c_2 n_2 x157_1 y38f_3 w9d_2 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">ACTIONS PROPRES<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td class=\"t_7 m2_7 x158_1 h4_7 y390_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE<span class=\"ls2_7 ws0_7\"> </span></td><td class=\"t_7 m2_7 x159_1 h4_7 y390_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">MONT<span class=\"__7 _361\"></span>ANT<span class=\"ls2_7 ws0_7\"> </span></td><td class=\"t_7 m2_7 x15a_1 h4_7 y390_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE<span class=\"ls2_7 ws0_7\"> </span></td><td class=\"t_7 m2_7 x15b_1 h4_7 y391_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">MONT<span class=\"__7 _361\"></span>ANT<span class=\"ls2_7 ws0_7\"> </span></td></tr><tr><td></td><td class=\"t_7 m2_7 x15c_1 h4_7 y392_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">D\u2019<span class=\"__7 _355\"></span>ACTIONS<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x15d_1 h4_7 y392_3 ff2_7 fs3_7 fc2_7 sc0_7 ls24_7 ws38_5\">DU CAPI<span class=\"__7 _359\"></span>T<span class=\"__7 _361\"></span>AL<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x15e_1 h4_7 y392_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">D\u2019<span class=\"__7 _355\"></span>ACTIONS<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x15f_1 h4_7 y393_3 ff2_7 fs3_7 fc2_7 sc0_7 ls24_7 ws38_5\">DE CAPI<span class=\"__7 _359\"></span>T<span class=\"__7 _361\"></span>AL<span class=\"ls2_7 ws0_7\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x160_1 h4_7 y394_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">D\u00c9TEN<span class=\"__7 _355\"></span>U<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x84_5 y382_3 w9e_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Soldes au 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x161_1 y382_3 w9f_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">34.250<span class=\"__7 _355\"></span>.000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x162_1 y382_3 wa0_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">79<span class=\"__7 _359\"></span>.73<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x163_1 y382_3 wa1_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.052.<span class=\"__7 _355\"></span>928<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x164_1 y382_3 wa2_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.45<span class=\"__7 _355\"></span>1<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y395_3 wa3_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Muta<span class=\"__7 _355\"></span>tions de l'<span class=\"__7 _355\"></span>ex<span class=\"__7 _355\"></span>ercic<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x165_1 y395_3 w1e_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x166_1 y395_3 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x167_1 y395_3 wa4_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">143<span class=\"__7 _355\"></span>.245<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x168_1 y395_3 wa5_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">334<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y396_3 wa6_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Soldes au 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _355\"></span>02<span class=\"__7 _361\"></span>4<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x161_1 y396_3 w9f_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">34.250<span class=\"__7 _355\"></span>.000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x162_1 y396_3 wa0_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">79<span class=\"__7 _359\"></span>.73<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x169_1 y396_3 wa7_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _361\"></span>196.<span class=\"__7 _361\"></span>173<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x16a_1 y396_3 wa8_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.<span class=\"__7 _361\"></span>785<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y397_3 wa9_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Muta<span class=\"__7 _355\"></span>tions de la p\u00e9riode</div></td><td class=\"c_2 n_2 x16b_1 y397_3 waa_2 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>2.446.42<span class=\"__7 _355\"></span>8\ue064\ue064\ue064</div></td><td class=\"c_2 n_2 x16c_1 y397_3 wab_2 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>5.<span class=\"__7 _355\"></span>695\ue064\ue064\ue064<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x16d_1 y397_3 wac_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">39<span class=\"__7 _355\"></span>.<span class=\"__7 _355\"></span>130<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x16e_1 y397_3 wad_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">91<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 wae_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">Soldes au 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _361\"></span>025<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x16f_1 y35f_3 waf_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">36.696<span class=\"__7 _355\"></span>.428<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x170_1 y35f_3 wb0_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">85.430<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x171_1 y35f_3 wb1_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">1.235.<span class=\"__7 _355\"></span>303<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x172_1 y35f_3 wb2_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">2.87<span class=\"__7 _355\"></span>6<span class=\"__7 _357\"> </span></div></td></tr></table></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsa_7 gs40_1\">L<span class=\"__7 _355\"></span>e capita<span class=\"__7 _355\"></span>l sousc<span class=\"__7 _355\"></span>rit et enti<span class=\"__7 _355\"></span>\u00e8remen<span class=\"__7 _355\"></span>t lib\u00e9r\u00e9 e<span class=\"__7 _355\"></span>st cons<span class=\"__7 _355\"></span>titu\u00e9 d\u2019<span class=\"__7 _361\"></span>actions or<span class=\"__7 _355\"></span>dinair<span class=\"__7 _355\"></span>es san<span class=\"__7 _355\"></span>s d\u00e9signa<span class=\"__7 _355\"></span>tion </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs41_1\">de va<span class=\"__7 _355\"></span>leur nomina<span class=\"__7 _355\"></span>le. </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws29_7 gs42_1\">L<span class=\"__7 _355\"></span>e 7 octobr<span class=\"__7 _355\"></span>e 2<span class=\"__7 _355\"></span>025<span class=\"__7 _355\"></span>, Sofina a pr<span class=\"__7 _355\"></span>oc\u00e9d\u00e9 \u00e0 une augmen<span class=\"__7 _355\"></span>ta<span class=\"__7 _355\"></span>tion de capita<span class=\"__7 _355\"></span>l d\u2019un mon<span class=\"__7 _355\"></span>tan<span class=\"__7 _355\"></span>t tota<span class=\"__7 _355\"></span>l de </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws2e_7 gs43_1\">545.55<span class=\"__7 _355\"></span>3 milliers EU<span class=\"__7 _355\"></span>R, r\u00e9sult<span class=\"__7 _355\"></span>ant en l\u2019<span class=\"__7 _358\"></span>\u00e9missi<span class=\"__7 _355\"></span>on de 2.4<span class=\"__7 _359\"></span>46<span class=\"__7 _355\"></span>.428 ac<span class=\"__7 _355\"></span>tions en<span class=\"__7 _355\"></span>ti\u00e8rem<span class=\"__7 _355\"></span>ent lib\u00e9r<span class=\"__7 _355\"></span>\u00e9es lors </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws39_5 gs44_1\">de leur so<span class=\"__7 _355\"></span>uscrip<span class=\"__7 _355\"></span>tion. Con<span class=\"__7 _355\"></span>form\u00e9men<span class=\"__7 _355\"></span>t aux mod<span class=\"__7 _355\"></span>alit\u00e9s de l\u2019<span class=\"__7 _358\"></span>op\u00e9r<span class=\"__7 _355\"></span>ation, 5.<span class=\"__7 _355\"></span>695 milliers EUR on<span class=\"__7 _355\"></span>t \u00e9t\u00e9<span class=\"__7 _355\"></span> </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws3a_5 gs45_1\">affe<span class=\"__7 _355\"></span>ct\u00e9s a<span class=\"__7 _355\"></span>u capita<span class=\"__7 _355\"></span>l social, ta<span class=\"__7 _355\"></span>ndis que le solde de 5<span class=\"__7 _355\"></span>39.858 milli<span class=\"__7 _355\"></span>ers EUR a \u00e9t<span class=\"__7 _355\"></span>\u00e9 compt<span class=\"__7 _355\"></span>abilis\u00e9 en<span class=\"__7 _355\"></span> </div><div class=\"t_7 md_5 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls25_7 ws3b_5 gs46_1\">prime d\u2019<span class=\"__7 _358\"></span>\u00e9mission, mon<span class=\"__7 _355\"></span>tan<span class=\"__7 _355\"></span>t ra<span class=\"__7 _355\"></span>men\u00e9 \u00e0 538.<span class=\"__7 _355\"></span>091 milliers EU<span class=\"__7 _355\"></span>R apr\u00e8s d\u00e9d<span class=\"__7 _355\"></span>uction des fr<span class=\"__7 _355\"></span>ais li\u00e9s \u00e0<span class=\"__7 _355\"></span> </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs47_1\">l\u2019<span class=\"__7 _358\"></span>op\u00e9rati<span class=\"__7 _355\"></span>on de 7<span class=\"__7 _358\"></span>.462 milliers EUR.<span class=\"__7 _357\"> </span></div><div class=\"t_7 me_4 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls1e_7 ws27_7 gs48_1\">L<span class=\"__7 _355\"></span>es propri<span class=\"__7 _355\"></span>\u00e9taire<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _355\"></span>action<span class=\"__7 _355\"></span>s ordinair<span class=\"__7 _355\"></span>es on<span class=\"__7 _355\"></span>t le droit de r<span class=\"__7 _355\"></span>ecev<span class=\"__7 _355\"></span>oir des dividende<span class=\"__7 _355\"></span>s et ont dr<span class=\"__7 _355\"></span>oit \u00e0 une<span class=\"__7 _355\"></span> </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs49_1\">voix p<span class=\"__7 _355\"></span>ar action a<span class=\"__7 _355\"></span>ux assembl\u00e9e<span class=\"__7 _355\"></span>s g\u00e9n\u00e9ra<span class=\"__7 _355\"></span>les des ac<span class=\"__7 _355\"></span>tionnaire<span class=\"__7 _355\"></span>s de la Soci\u00e9t<span class=\"__7 _355\"></span>\u00e9.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws3c_5 gs4a_1\">L<span class=\"__7 _355\"></span>e dividende brut au titr<span class=\"__7 _355\"></span>e de l\u2019<span class=\"__7 _358\"></span>exer<span class=\"__7 _355\"></span>cice 2<span class=\"__7 _355\"></span>02<span class=\"__7 _361\"></span>4, pay\u00e9 en 2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>5, \u00e9tait de <span><span class=\"gs4b_1\" id=\"__155\">3 ,50</span> </span>EUR pa<span class=\"__7 _355\"></span>r action, </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws2a_7 gs4c_1\">soit un m<span class=\"__7 _355\"></span>ontan<span class=\"__7 _355\"></span>t to<span class=\"__7 _355\"></span>tal brut de 115.<span class=\"__7 _361\"></span>792 millier<span class=\"__7 _355\"></span>s EUR. Au 31 d\u00e9c<span class=\"__7 _355\"></span>embre 2<span class=\"__7 _361\"></span>025, So<span class=\"__7 _355\"></span>fina SA d\u00e9ten<span class=\"__7 _355\"></span>ait </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws3d_5 gs4d_1\">1.2<span class=\"__7 _355\"></span>35.303 a<span class=\"__7 _355\"></span>ctions pr<span class=\"__7 _355\"></span>opre<span class=\"__7 _355\"></span>s, con<span class=\"__7 _355\"></span>tre 1.<span class=\"__7 _361\"></span>196<span class=\"__7 _355\"></span>.<span class=\"__7 _355\"></span>17<span class=\"__7 _355\"></span>3 action<span class=\"__7 _355\"></span>s propr<span class=\"__7 _355\"></span>es au 3<span class=\"__7 _355\"></span>1 d\u00e9cembr<span class=\"__7 _355\"></span>e 20<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>4. Au cour<span class=\"__7 _355\"></span>s </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws3e_5 gs4e_1\">de l\u2019<span class=\"__7 _361\"></span>ann\u00e9e 2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>5, 189<span class=\"__7 _361\"></span>.068 action<span class=\"__7 _355\"></span>s propr<span class=\"__7 _355\"></span>es on<span class=\"__7 _355\"></span>t \u00e9t\u00e9 acqui<span class=\"__7 _355\"></span>ses, e<span class=\"__7 _355\"></span>t 236<span class=\"__7 _355\"></span>.640 action<span class=\"__7 _355\"></span>s propr<span class=\"__7 _355\"></span>es ont<span class=\"__7 _355\"></span> </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls26_7 ws3f_5 gs4f_1\">\u00e9t\u00e9 c\u00e9d<span class=\"__7 _359\"></span>\u00e9es.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs50_1\">L<span class=\"__7 _355\"></span>e dividende brut pr<span class=\"__7 _355\"></span>opos\u00e9 pour l\u2019<span class=\"__7 _361\"></span>ann\u00e9e 2<span class=\"__7 _361\"></span>025 e<span class=\"__7 _355\"></span>st de 3,<span class=\"__7 _355\"></span>66 EUR par acti<span class=\"__7 _355\"></span>on.<span class=\"__7 _357\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-279": {
   "value": "3.5 CAPI<span class=\"__7 _359\"></span>T<span class=\"__7 _358\"></span>AL<span class=\"__7 _357\"> </span><table class=\"s_2 w9b_2 h26_3\" id=\"_e0d6390c-e31f-4c6c-92dc-2ae99de6e72f\"><tr><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x155_2 h3_7 y38e_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x156_2 y38f_3 w9c_2 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls24_7 ws36_5\">CAPIT<span class=\"__7 _361\"></span>AL<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td class=\"c_2 n_2 x157_1 y38f_3 w9d_2 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">ACTIONS PROPRES<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td class=\"t_7 m2_7 x158_1 h4_7 y390_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE<span class=\"ls2_7 ws0_7\"> </span></td><td class=\"t_7 m2_7 x159_1 h4_7 y390_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">MONT<span class=\"__7 _361\"></span>ANT<span class=\"ls2_7 ws0_7\"> </span></td><td class=\"t_7 m2_7 x15a_1 h4_7 y390_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE<span class=\"ls2_7 ws0_7\"> </span></td><td class=\"t_7 m2_7 x15b_1 h4_7 y391_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">MONT<span class=\"__7 _361\"></span>ANT<span class=\"ls2_7 ws0_7\"> </span></td></tr><tr><td></td><td class=\"t_7 m2_7 x15c_1 h4_7 y392_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">D\u2019<span class=\"__7 _355\"></span>ACTIONS<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x15d_1 h4_7 y392_3 ff2_7 fs3_7 fc2_7 sc0_7 ls24_7 ws38_5\">DU CAPI<span class=\"__7 _359\"></span>T<span class=\"__7 _361\"></span>AL<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x15e_1 h4_7 y392_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">D\u2019<span class=\"__7 _355\"></span>ACTIONS<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x15f_1 h4_7 y393_3 ff2_7 fs3_7 fc2_7 sc0_7 ls24_7 ws38_5\">DE CAPI<span class=\"__7 _359\"></span>T<span class=\"__7 _361\"></span>AL<span class=\"ls2_7 ws0_7\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x160_1 h4_7 y394_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">D\u00c9TEN<span class=\"__7 _355\"></span>U<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x84_5 y382_3 w9e_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Soldes au 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x161_1 y382_3 w9f_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">34.250<span class=\"__7 _355\"></span>.000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x162_1 y382_3 wa0_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">79<span class=\"__7 _359\"></span>.73<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x163_1 y382_3 wa1_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.052.<span class=\"__7 _355\"></span>928<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x164_1 y382_3 wa2_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.45<span class=\"__7 _355\"></span>1<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y395_3 wa3_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Muta<span class=\"__7 _355\"></span>tions de l'<span class=\"__7 _355\"></span>ex<span class=\"__7 _355\"></span>ercic<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x165_1 y395_3 w1e_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x166_1 y395_3 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x167_1 y395_3 wa4_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">143<span class=\"__7 _355\"></span>.245<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x168_1 y395_3 wa5_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">334<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y396_3 wa6_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Soldes au 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _355\"></span>02<span class=\"__7 _361\"></span>4<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x161_1 y396_3 w9f_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">34.250<span class=\"__7 _355\"></span>.000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x162_1 y396_3 wa0_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">79<span class=\"__7 _359\"></span>.73<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x169_1 y396_3 wa7_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _361\"></span>196.<span class=\"__7 _361\"></span>173<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x16a_1 y396_3 wa8_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.<span class=\"__7 _361\"></span>785<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y397_3 wa9_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Muta<span class=\"__7 _355\"></span>tions de la p\u00e9riode</div></td><td class=\"c_2 n_2 x16b_1 y397_3 waa_2 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>2.446.42<span class=\"__7 _355\"></span>8\ue064\ue064\ue064</div></td><td class=\"c_2 n_2 x16c_1 y397_3 wab_2 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>5.<span class=\"__7 _355\"></span>695\ue064\ue064\ue064<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x16d_1 y397_3 wac_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">39<span class=\"__7 _355\"></span>.<span class=\"__7 _355\"></span>130<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x16e_1 y397_3 wad_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">91<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 wae_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">Soldes au 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _361\"></span>025<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x16f_1 y35f_3 waf_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">36.696<span class=\"__7 _355\"></span>.428<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x170_1 y35f_3 wb0_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">85.430<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x171_1 y35f_3 wb1_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">1.235.<span class=\"__7 _355\"></span>303<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x172_1 y35f_3 wb2_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">2.87<span class=\"__7 _355\"></span>6<span class=\"__7 _357\"> </span></div></td></tr></table>L<span class=\"__7 _355\"></span>e capita<span class=\"__7 _355\"></span>l sousc<span class=\"__7 _355\"></span>rit et enti<span class=\"__7 _355\"></span>\u00e8remen<span class=\"__7 _355\"></span>t lib\u00e9r\u00e9 e<span class=\"__7 _355\"></span>st cons<span class=\"__7 _355\"></span>titu\u00e9 d\u2019<span class=\"__7 _361\"></span>actions or<span class=\"__7 _355\"></span>dinair<span class=\"__7 _355\"></span>es san<span class=\"__7 _355\"></span>s d\u00e9signa<span class=\"__7 _355\"></span>tion de va<span class=\"__7 _355\"></span>leur nomina<span class=\"__7 _355\"></span>le. L<span class=\"__7 _355\"></span>e 7 octobr<span class=\"__7 _355\"></span>e 2<span class=\"__7 _355\"></span>025<span class=\"__7 _355\"></span>, Sofina a pr<span class=\"__7 _355\"></span>oc\u00e9d\u00e9 \u00e0 une augmen<span class=\"__7 _355\"></span>ta<span class=\"__7 _355\"></span>tion de capita<span class=\"__7 _355\"></span>l d\u2019un mon<span class=\"__7 _355\"></span>tan<span class=\"__7 _355\"></span>t tota<span class=\"__7 _355\"></span>l de 545.55<span class=\"__7 _355\"></span>3 milliers EU<span class=\"__7 _355\"></span>R, r\u00e9sult<span class=\"__7 _355\"></span>ant en l\u2019<span class=\"__7 _358\"></span>\u00e9missi<span class=\"__7 _355\"></span>on de 2.4<span class=\"__7 _359\"></span>46<span class=\"__7 _355\"></span>.428 ac<span class=\"__7 _355\"></span>tions en<span class=\"__7 _355\"></span>ti\u00e8rem<span class=\"__7 _355\"></span>ent lib\u00e9r<span class=\"__7 _355\"></span>\u00e9es lors de leur so<span class=\"__7 _355\"></span>uscrip<span class=\"__7 _355\"></span>tion. Con<span class=\"__7 _355\"></span>form\u00e9men<span class=\"__7 _355\"></span>t aux mod<span class=\"__7 _355\"></span>alit\u00e9s de l\u2019<span class=\"__7 _358\"></span>op\u00e9r<span class=\"__7 _355\"></span>ation, 5.<span class=\"__7 _355\"></span>695 milliers EUR on<span class=\"__7 _355\"></span>t \u00e9t\u00e9<span class=\"__7 _355\"></span> affe<span class=\"__7 _355\"></span>ct\u00e9s a<span class=\"__7 _355\"></span>u capita<span class=\"__7 _355\"></span>l social, ta<span class=\"__7 _355\"></span>ndis que le solde de 5<span class=\"__7 _355\"></span>39.858 milli<span class=\"__7 _355\"></span>ers EUR a \u00e9t<span class=\"__7 _355\"></span>\u00e9 compt<span class=\"__7 _355\"></span>abilis\u00e9 en<span class=\"__7 _355\"></span> prime d\u2019<span class=\"__7 _358\"></span>\u00e9mission, mon<span class=\"__7 _355\"></span>tan<span class=\"__7 _355\"></span>t ra<span class=\"__7 _355\"></span>men\u00e9 \u00e0 538.<span class=\"__7 _355\"></span>091 milliers EU<span class=\"__7 _355\"></span>R apr\u00e8s d\u00e9d<span class=\"__7 _355\"></span>uction des fr<span class=\"__7 _355\"></span>ais li\u00e9s \u00e0<span class=\"__7 _355\"></span> l\u2019<span class=\"__7 _358\"></span>op\u00e9rati<span class=\"__7 _355\"></span>on de 7<span class=\"__7 _358\"></span>.462 milliers EUR.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es propri<span class=\"__7 _355\"></span>\u00e9taire<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _355\"></span>action<span class=\"__7 _355\"></span>s ordinair<span class=\"__7 _355\"></span>es on<span class=\"__7 _355\"></span>t le droit de r<span class=\"__7 _355\"></span>ecev<span class=\"__7 _355\"></span>oir des dividende<span class=\"__7 _355\"></span>s et ont dr<span class=\"__7 _355\"></span>oit \u00e0 une<span class=\"__7 _355\"></span> voix p<span class=\"__7 _355\"></span>ar action a<span class=\"__7 _355\"></span>ux assembl\u00e9e<span class=\"__7 _355\"></span>s g\u00e9n\u00e9ra<span class=\"__7 _355\"></span>les des ac<span class=\"__7 _355\"></span>tionnaire<span class=\"__7 _355\"></span>s de la Soci\u00e9t<span class=\"__7 _355\"></span>\u00e9.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>e dividende brut au titr<span class=\"__7 _355\"></span>e de l\u2019<span class=\"__7 _358\"></span>exer<span class=\"__7 _355\"></span>cice 2<span class=\"__7 _355\"></span>02<span class=\"__7 _361\"></span>4, pay\u00e9 en 2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>5, \u00e9tait de <span><span class=\"gs4b_1\" id=\"__155\">3 ,50</span> </span>EUR pa<span class=\"__7 _355\"></span>r action, soit un m<span class=\"__7 _355\"></span>ontan<span class=\"__7 _355\"></span>t to<span class=\"__7 _355\"></span>tal brut de 115.<span class=\"__7 _361\"></span>792 millier<span class=\"__7 _355\"></span>s EUR. Au 31 d\u00e9c<span class=\"__7 _355\"></span>embre 2<span class=\"__7 _361\"></span>025, So<span class=\"__7 _355\"></span>fina SA d\u00e9ten<span class=\"__7 _355\"></span>ait 1.2<span class=\"__7 _355\"></span>35.303 a<span class=\"__7 _355\"></span>ctions pr<span class=\"__7 _355\"></span>opre<span class=\"__7 _355\"></span>s, con<span class=\"__7 _355\"></span>tre 1.<span class=\"__7 _361\"></span>196<span class=\"__7 _355\"></span>.<span class=\"__7 _355\"></span>17<span class=\"__7 _355\"></span>3 action<span class=\"__7 _355\"></span>s propr<span class=\"__7 _355\"></span>es au 3<span class=\"__7 _355\"></span>1 d\u00e9cembr<span class=\"__7 _355\"></span>e 20<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>4. Au cour<span class=\"__7 _355\"></span>s de l\u2019<span class=\"__7 _361\"></span>ann\u00e9e 2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>5, 189<span class=\"__7 _361\"></span>.068 action<span class=\"__7 _355\"></span>s propr<span class=\"__7 _355\"></span>es on<span class=\"__7 _355\"></span>t \u00e9t\u00e9 acqui<span class=\"__7 _355\"></span>ses, e<span class=\"__7 _355\"></span>t 236<span class=\"__7 _355\"></span>.640 action<span class=\"__7 _355\"></span>s propr<span class=\"__7 _355\"></span>es ont<span class=\"__7 _355\"></span> \u00e9t\u00e9 c\u00e9d<span class=\"__7 _359\"></span>\u00e9es.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>e dividende brut pr<span class=\"__7 _355\"></span>opos\u00e9 pour l\u2019<span class=\"__7 _361\"></span>ann\u00e9e 2<span class=\"__7 _361\"></span>025 e<span class=\"__7 _355\"></span>st de 3,<span class=\"__7 _355\"></span>66 EUR par acti<span class=\"__7 _355\"></span>on.<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-280": {
   "value": "3.5",
   "decimals": 2,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "fact-281": {
   "value": "<div class=\"t_7 m1_7 h2_7 ff2_7 fs1_7 fc1_7 sc0_7 ls1_7 ws0_7 gs53_1\">3.<span class=\"__7 _355\"></span>6 ENGA<span class=\"__7 _361\"></span>GEM<span class=\"__7 _355\"></span>ENTS DE R<span class=\"__7 _355\"></span>ETRAITE ET A<span class=\"__7 _358\"></span>V<span class=\"__7 _361\"></span>ANT<span class=\"__7 _358\"></span>A<span class=\"__7 _361\"></span>GE<span class=\"__7 _355\"></span>S ASS<span class=\"__7 _355\"></span>IMIL<span class=\"__7 _355\"></span>\u00c9<span class=\"__7 _355\"></span>S<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws40_5 gs54_1\">Sofina SA oc<span class=\"__7 _355\"></span>troie de<span class=\"__7 _355\"></span>s pres<span class=\"__7 _355\"></span>tation<span class=\"__7 _355\"></span>s de re<span class=\"__7 _355\"></span>traite e<span class=\"__7 _355\"></span>t de d\u00e9c\u00e8s qui son<span class=\"__7 _355\"></span>t finan<span class=\"__7 _355\"></span>c\u00e9es via de<span class=\"__7 _355\"></span>s contr<span class=\"__7 _355\"></span>ats<span class=\"__7 _355\"></span> </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws41_5 gs55_1\">d\u2019<span class=\"__7 _361\"></span>assura<span class=\"__7 _355\"></span>nce de gr<span class=\"__7 _355\"></span>oupe du type \u00ab pres<span class=\"__7 _355\"></span>tation<span class=\"__7 _355\"></span>s d\u00e9finie<span class=\"__7 _355\"></span>s \u00bb, \u00ab contributi<span class=\"__7 _355\"></span>ons d\u00e9finie<span class=\"__7 _355\"></span>s \u00bb et du type </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs56_1\">\u00ab cash b<span class=\"__7 _355\"></span>alanc<span class=\"__7 _355\"></span>e \u00bb. </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws42_5 gs57_1\">L<span class=\"__7 _355\"></span>es con<span class=\"__7 _355\"></span>tribution<span class=\"__7 _355\"></span>s octro<span class=\"__7 _355\"></span>y\u00e9es au per<span class=\"__7 _355\"></span>sonnel dan<span class=\"__7 _355\"></span>s le plan d<span class=\"__7 _355\"></span>u t<span class=\"__7 _359\"></span>ype \u00ab cash ba<span class=\"__7 _355\"></span>lanc<span class=\"__7 _355\"></span>e \u00bb sont ca<span class=\"__7 _355\"></span>pita<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws43_5 gs58_1\">lis\u00e9e<span class=\"__7 _355\"></span>s \u00e0 haute<span class=\"__7 _355\"></span>ur d\u2019un rendem<span class=\"__7 _355\"></span>ent de tr<span class=\"__7 _355\"></span>ois pour c<span class=\"__7 _355\"></span>ent. L<span class=\"__7 _355\"></span>e finan<span class=\"__7 _355\"></span>cemen<span class=\"__7 _355\"></span>t du plan e<span class=\"__7 _355\"></span>st effect<span class=\"__7 _355\"></span>u\u00e9 par </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws30_7 gs59_1\">le biai<span class=\"__7 _355\"></span>s d\u2019une assur<span class=\"__7 _355\"></span>ance de gr<span class=\"__7 _355\"></span>oupe en ca<span class=\"__7 _355\"></span>pitalisa<span class=\"__7 _355\"></span>tion collectiv<span class=\"__7 _355\"></span>e en bra<span class=\"__7 _355\"></span>nche 2<span class=\"__7 _355\"></span>3 dont le<span class=\"__7 _355\"></span>s actifs </div><div class=\"t_7 mf_4 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws25_7 gs5a_1\">son<span class=\"__7 _355\"></span>t principalemen<span class=\"__7 _355\"></span>t inve<span class=\"__7 _355\"></span>stis da<span class=\"__7 _355\"></span>ns des f<span class=\"__7 _355\"></span>onds d\u2019inve<span class=\"__7 _355\"></span>stissem<span class=\"__7 _355\"></span>ent. L<span class=\"__7 _355\"></span>es ac<span class=\"__7 _355\"></span>tifs des plan<span class=\"__7 _355\"></span>s de pension<span class=\"__7 _355\"></span> </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs5b_1\">ne son<span class=\"__7 _355\"></span>t pas inv<span class=\"__7 _355\"></span>estis da<span class=\"__7 _355\"></span>ns des titr<span class=\"__7 _355\"></span>es Sofin<span class=\"__7 _355\"></span>a. </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs5c_1\">Il n\u2019y a que de<span class=\"__7 _355\"></span>ux affili\u00e9s con<span class=\"__7 _355\"></span>tinua<span class=\"__7 _355\"></span>nt le pla<span class=\"__7 _355\"></span>n du type \u00ab prest<span class=\"__7 _355\"></span>ation<span class=\"__7 _355\"></span>s d\u00e9finies \u00bb.  </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws28_7 gs5d_1\">L<span class=\"__7 _355\"></span>es pla<span class=\"__7 _355\"></span>ns du type \u00ab cash ba<span class=\"__7 _355\"></span>lance \u00bb e<span class=\"__7 _355\"></span>t \u00ab contrib<span class=\"__7 _355\"></span>utions d\u00e9fini<span class=\"__7 _355\"></span>es \u00bb sont s<span class=\"__7 _355\"></span>oumis \u00e0 un r<span class=\"__7 _355\"></span>endement<span class=\"__7 _355\"></span> </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws44_5 gs5e_1\">minimum ga<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>ti et son<span class=\"__7 _355\"></span>t donc con<span class=\"__7 _355\"></span>sid\u00e9r\u00e9s c<span class=\"__7 _355\"></span>omme des pla<span class=\"__7 _355\"></span>ns du type \u00ab pre<span class=\"__7 _355\"></span>stati<span class=\"__7 _355\"></span>ons d\u00e9finie<span class=\"__7 _355\"></span>s \u00bb </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws45_5 gs5f_1\">selon la norm<span class=\"__7 _355\"></span>e IAS 19<span class=\"__7 _355\"></span>. Ceux-ci on<span class=\"__7 _355\"></span>t \u00e9t\u00e9 \u00e9<span class=\"__7 _355\"></span>val<span class=\"__7 _355\"></span>u\u00e9s sur la ba<span class=\"__7 _355\"></span>se de la m\u00e9thode \u00ab T<span class=\"__7 _358\"></span>r<span class=\"__7 _355\"></span>aditional Unit<span class=\"__7 _355\"></span> </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws46_5 gs60_1\">C<span class=\"__7 _355\"></span>redit \u00bb san<span class=\"__7 _355\"></span>s proje<span class=\"__7 _355\"></span>ction des prime<span class=\"__7 _355\"></span>s futur<span class=\"__7 _355\"></span>es. L<span class=\"__7 _361\"></span>e plan de type \u00ab prest<span class=\"__7 _355\"></span>ation<span class=\"__7 _355\"></span>s d\u00e9finies \u00bb a \u00e9<span class=\"__7 _355\"></span>t\u00e9 </div><div class=\"t_7 m10_3 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws25_7 gs61_1\">\u00e9v<span class=\"__7 _355\"></span>alu\u00e9 sur la b<span class=\"__7 _355\"></span>ase de la m\u00e9<span class=\"__7 _355\"></span>thode \u00ab Pr<span class=\"__7 _355\"></span>oject<span class=\"__7 _355\"></span>ed Unit Cr<span class=\"__7 _355\"></span>edit \u00bb (en applic<span class=\"__7 _355\"></span>ation de la n<span class=\"__7 _355\"></span>orme IAS 19).<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws10_7 gs62_1\">L<span class=\"__7 _355\"></span>e plan de r<span class=\"__7 _355\"></span>etrait<span class=\"__7 _355\"></span>e chez Sofin<span class=\"__7 _355\"></span>a Invest e<span class=\"__7 _355\"></span>t Sofina Ca<span class=\"__7 _355\"></span>pital au Gr<span class=\"__7 _355\"></span>and-D<span class=\"__7 _355\"></span>uch\u00e9 de L<span class=\"__7 _355\"></span>uxembou<span class=\"__7 _355\"></span>rg est </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws47_5 gs63_1\">un plan d<span class=\"__7 _355\"></span>u t<span class=\"__7 _359\"></span>ype \u00ab con<span class=\"__7 _355\"></span>tribution<span class=\"__7 _355\"></span>s d\u00e9finies \u00bb sa<span class=\"__7 _355\"></span>ns ren<span class=\"__7 _355\"></span>dement minim<span class=\"__7 _355\"></span>um gara<span class=\"__7 _355\"></span>nti pa<span class=\"__7 _355\"></span>r l\u2019<span class=\"__7 _361\"></span>employ<span class=\"__7 _355\"></span>eur<span class=\"__7 _355\"></span>. </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws48_5 gs64_1\">\u00c0 Singapo<span class=\"__7 _355\"></span>ur<span class=\"__7 _355\"></span>, Sofina Asia n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _361\"></span>offre p<span class=\"__7 _355\"></span>as de plan de r<span class=\"__7 _355\"></span>etrait<span class=\"__7 _355\"></span>e mais un pla<span class=\"__7 _355\"></span>n d\u00e9c\u00e8s et inv<span class=\"__7 _355\"></span>alidit\u00e9<span class=\"__7 _355\"></span>. L<span class=\"__7 _355\"></span>e </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws34_6 gs65_1\">co\u00fbt y a<span class=\"__7 _355\"></span>ff\u00e9ra<span class=\"__7 _355\"></span>nt n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _361\"></span>est pa<span class=\"__7 _355\"></span>s refl\u00e9<span class=\"__7 _355\"></span>t\u00e9 direc<span class=\"__7 _355\"></span>temen<span class=\"__7 _355\"></span>t dan<span class=\"__7 _355\"></span>s le r\u00e9sulta<span class=\"__7 _355\"></span>t de Sofina so<span class=\"__7 _355\"></span>us le sta<span class=\"__7 _355\"></span>tut d\u2019E<span class=\"__7 _355\"></span>ntit<span class=\"__7 _355\"></span>\u00e9 </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws49_5 gs66_1\">d\u2019Inv<span class=\"__7 _355\"></span>estiss<span class=\"__7 _355\"></span>ement, mai<span class=\"__7 _355\"></span>s dan<span class=\"__7 _355\"></span>s le r\u00e9sult<span class=\"__7 _355\"></span>at de ces fili<span class=\"__7 _355\"></span>ales qui son<span class=\"__7 _355\"></span>t re<span class=\"__7 _355\"></span>prises da<span class=\"__7 _355\"></span>ns les com<span class=\"__7 _355\"></span>pte<span class=\"__7 _355\"></span>s de </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs67_1\">Sofina \u00e0 l<span class=\"__7 _355\"></span>a jus<span class=\"__7 _355\"></span>te va<span class=\"__7 _355\"></span>leur<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInsuranceContractsExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-282": {
   "value": "3.<span class=\"__7 _355\"></span>6 ENGA<span class=\"__7 _361\"></span>GEM<span class=\"__7 _355\"></span>ENTS DE R<span class=\"__7 _355\"></span>ETRAITE ET A<span class=\"__7 _358\"></span>V<span class=\"__7 _361\"></span>ANT<span class=\"__7 _358\"></span>A<span class=\"__7 _361\"></span>GE<span class=\"__7 _355\"></span>S ASS<span class=\"__7 _355\"></span>IMIL<span class=\"__7 _355\"></span>\u00c9<span class=\"__7 _355\"></span>S<span class=\"__7 _357\"> </span>Sofina SA oc<span class=\"__7 _355\"></span>troie de<span class=\"__7 _355\"></span>s pres<span class=\"__7 _355\"></span>tation<span class=\"__7 _355\"></span>s de re<span class=\"__7 _355\"></span>traite e<span class=\"__7 _355\"></span>t de d\u00e9c\u00e8s qui son<span class=\"__7 _355\"></span>t finan<span class=\"__7 _355\"></span>c\u00e9es via de<span class=\"__7 _355\"></span>s contr<span class=\"__7 _355\"></span>ats<span class=\"__7 _355\"></span> d\u2019<span class=\"__7 _361\"></span>assura<span class=\"__7 _355\"></span>nce de gr<span class=\"__7 _355\"></span>oupe du type \u00ab pres<span class=\"__7 _355\"></span>tation<span class=\"__7 _355\"></span>s d\u00e9finie<span class=\"__7 _355\"></span>s \u00bb, \u00ab contributi<span class=\"__7 _355\"></span>ons d\u00e9finie<span class=\"__7 _355\"></span>s \u00bb et du type \u00ab cash b<span class=\"__7 _355\"></span>alanc<span class=\"__7 _355\"></span>e \u00bb. L<span class=\"__7 _355\"></span>es con<span class=\"__7 _355\"></span>tribution<span class=\"__7 _355\"></span>s octro<span class=\"__7 _355\"></span>y\u00e9es au per<span class=\"__7 _355\"></span>sonnel dan<span class=\"__7 _355\"></span>s le plan d<span class=\"__7 _355\"></span>u t<span class=\"__7 _359\"></span>ype \u00ab cash ba<span class=\"__7 _355\"></span>lanc<span class=\"__7 _355\"></span>e \u00bb sont ca<span class=\"__7 _355\"></span>pita<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>lis\u00e9e<span class=\"__7 _355\"></span>s \u00e0 haute<span class=\"__7 _355\"></span>ur d\u2019un rendem<span class=\"__7 _355\"></span>ent de tr<span class=\"__7 _355\"></span>ois pour c<span class=\"__7 _355\"></span>ent. L<span class=\"__7 _355\"></span>e finan<span class=\"__7 _355\"></span>cemen<span class=\"__7 _355\"></span>t du plan e<span class=\"__7 _355\"></span>st effect<span class=\"__7 _355\"></span>u\u00e9 par le biai<span class=\"__7 _355\"></span>s d\u2019une assur<span class=\"__7 _355\"></span>ance de gr<span class=\"__7 _355\"></span>oupe en ca<span class=\"__7 _355\"></span>pitalisa<span class=\"__7 _355\"></span>tion collectiv<span class=\"__7 _355\"></span>e en bra<span class=\"__7 _355\"></span>nche 2<span class=\"__7 _355\"></span>3 dont le<span class=\"__7 _355\"></span>s actifs son<span class=\"__7 _355\"></span>t principalemen<span class=\"__7 _355\"></span>t inve<span class=\"__7 _355\"></span>stis da<span class=\"__7 _355\"></span>ns des f<span class=\"__7 _355\"></span>onds d\u2019inve<span class=\"__7 _355\"></span>stissem<span class=\"__7 _355\"></span>ent. L<span class=\"__7 _355\"></span>es ac<span class=\"__7 _355\"></span>tifs des plan<span class=\"__7 _355\"></span>s de pension<span class=\"__7 _355\"></span> ne son<span class=\"__7 _355\"></span>t pas inv<span class=\"__7 _355\"></span>estis da<span class=\"__7 _355\"></span>ns des titr<span class=\"__7 _355\"></span>es Sofin<span class=\"__7 _355\"></span>a. Il n\u2019y a que de<span class=\"__7 _355\"></span>ux affili\u00e9s con<span class=\"__7 _355\"></span>tinua<span class=\"__7 _355\"></span>nt le pla<span class=\"__7 _355\"></span>n du type \u00ab prest<span class=\"__7 _355\"></span>ation<span class=\"__7 _355\"></span>s d\u00e9finies \u00bb.  L<span class=\"__7 _355\"></span>es pla<span class=\"__7 _355\"></span>ns du type \u00ab cash ba<span class=\"__7 _355\"></span>lance \u00bb e<span class=\"__7 _355\"></span>t \u00ab contrib<span class=\"__7 _355\"></span>utions d\u00e9fini<span class=\"__7 _355\"></span>es \u00bb sont s<span class=\"__7 _355\"></span>oumis \u00e0 un r<span class=\"__7 _355\"></span>endement<span class=\"__7 _355\"></span> minimum ga<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>ti et son<span class=\"__7 _355\"></span>t donc con<span class=\"__7 _355\"></span>sid\u00e9r\u00e9s c<span class=\"__7 _355\"></span>omme des pla<span class=\"__7 _355\"></span>ns du type \u00ab pre<span class=\"__7 _355\"></span>stati<span class=\"__7 _355\"></span>ons d\u00e9finie<span class=\"__7 _355\"></span>s \u00bb selon la norm<span class=\"__7 _355\"></span>e IAS 19<span class=\"__7 _355\"></span>. Ceux-ci on<span class=\"__7 _355\"></span>t \u00e9t\u00e9 \u00e9<span class=\"__7 _355\"></span>val<span class=\"__7 _355\"></span>u\u00e9s sur la ba<span class=\"__7 _355\"></span>se de la m\u00e9thode \u00ab T<span class=\"__7 _358\"></span>r<span class=\"__7 _355\"></span>aditional Unit<span class=\"__7 _355\"></span> C<span class=\"__7 _355\"></span>redit \u00bb san<span class=\"__7 _355\"></span>s proje<span class=\"__7 _355\"></span>ction des prime<span class=\"__7 _355\"></span>s futur<span class=\"__7 _355\"></span>es. L<span class=\"__7 _361\"></span>e plan de type \u00ab prest<span class=\"__7 _355\"></span>ation<span class=\"__7 _355\"></span>s d\u00e9finies \u00bb a \u00e9<span class=\"__7 _355\"></span>t\u00e9 \u00e9v<span class=\"__7 _355\"></span>alu\u00e9 sur la b<span class=\"__7 _355\"></span>ase de la m\u00e9<span class=\"__7 _355\"></span>thode \u00ab Pr<span class=\"__7 _355\"></span>oject<span class=\"__7 _355\"></span>ed Unit Cr<span class=\"__7 _355\"></span>edit \u00bb (en applic<span class=\"__7 _355\"></span>ation de la n<span class=\"__7 _355\"></span>orme IAS 19).<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>e plan de r<span class=\"__7 _355\"></span>etrait<span class=\"__7 _355\"></span>e chez Sofin<span class=\"__7 _355\"></span>a Invest e<span class=\"__7 _355\"></span>t Sofina Ca<span class=\"__7 _355\"></span>pital au Gr<span class=\"__7 _355\"></span>and-D<span class=\"__7 _355\"></span>uch\u00e9 de L<span class=\"__7 _355\"></span>uxembou<span class=\"__7 _355\"></span>rg est un plan d<span class=\"__7 _355\"></span>u t<span class=\"__7 _359\"></span>ype \u00ab con<span class=\"__7 _355\"></span>tribution<span class=\"__7 _355\"></span>s d\u00e9finies \u00bb sa<span class=\"__7 _355\"></span>ns ren<span class=\"__7 _355\"></span>dement minim<span class=\"__7 _355\"></span>um gara<span class=\"__7 _355\"></span>nti pa<span class=\"__7 _355\"></span>r l\u2019<span class=\"__7 _361\"></span>employ<span class=\"__7 _355\"></span>eur<span class=\"__7 _355\"></span>. \u00c0 Singapo<span class=\"__7 _355\"></span>ur<span class=\"__7 _355\"></span>, Sofina Asia n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _361\"></span>offre p<span class=\"__7 _355\"></span>as de plan de r<span class=\"__7 _355\"></span>etrait<span class=\"__7 _355\"></span>e mais un pla<span class=\"__7 _355\"></span>n d\u00e9c\u00e8s et inv<span class=\"__7 _355\"></span>alidit\u00e9<span class=\"__7 _355\"></span>. L<span class=\"__7 _355\"></span>e co\u00fbt y a<span class=\"__7 _355\"></span>ff\u00e9ra<span class=\"__7 _355\"></span>nt n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _361\"></span>est pa<span class=\"__7 _355\"></span>s refl\u00e9<span class=\"__7 _355\"></span>t\u00e9 direc<span class=\"__7 _355\"></span>temen<span class=\"__7 _355\"></span>t dan<span class=\"__7 _355\"></span>s le r\u00e9sulta<span class=\"__7 _355\"></span>t de Sofina so<span class=\"__7 _355\"></span>us le sta<span class=\"__7 _355\"></span>tut d\u2019E<span class=\"__7 _355\"></span>ntit<span class=\"__7 _355\"></span>\u00e9 d\u2019Inv<span class=\"__7 _355\"></span>estiss<span class=\"__7 _355\"></span>ement, mai<span class=\"__7 _355\"></span>s dan<span class=\"__7 _355\"></span>s le r\u00e9sult<span class=\"__7 _355\"></span>at de ces fili<span class=\"__7 _355\"></span>ales qui son<span class=\"__7 _355\"></span>t re<span class=\"__7 _355\"></span>prises da<span class=\"__7 _355\"></span>ns les com<span class=\"__7 _355\"></span>pte<span class=\"__7 _355\"></span>s de Sofina \u00e0 l<span class=\"__7 _355\"></span>a jus<span class=\"__7 _355\"></span>te va<span class=\"__7 _355\"></span>leur<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>3.<span class=\"__7 _358\"></span>14 AUTR<span class=\"__7 _355\"></span>ES C<span class=\"__7 _355\"></span>HA<span class=\"__7 _355\"></span>RGE<span class=\"__7 _361\"></span>S<span class=\"__7 _361\"></span> <table class=\"s_2 w6f_2 h2d_3\" id=\"_d40330d1-fe95-4e54-9fd6-49a6048feb69\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y412_2 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x22a_1 y3c1_3 w17c_1 h24_4\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x22b_1 y3c1_3 w17d_1 h24_4\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y413_2 w1c5_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es char<span class=\"__7 _355\"></span>ges finan<span class=\"__7 _355\"></span>ci\u00e8res<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x268_1 y413_2 w1c6_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-3.<span class=\"__7 _355\"></span>356<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x269_1 y413_2 w1c7_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-3<span class=\"__7 _355\"></span>.588<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f8_3 w1c8_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Services et bi<span class=\"__7 _355\"></span>ens diver<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26a_1 y3f8_3 w1c9_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-19<span class=\"__7 _355\"></span>.407<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26b_1 y3f8_3 w1ca_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>0.49<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38c_3 w1cb_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9m<span class=\"__7 _355\"></span>un\u00e9ra<span class=\"__7 _355\"></span>tions<span class=\"__7 _355\"></span>, charge<span class=\"__7 _355\"></span>s sociales e<span class=\"__7 _355\"></span>t pensions<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26c_1 y38c_3 w1cc_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">-4<span class=\"__7 _359\"></span>0.529<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26d_1 y38c_3 w175_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-35.<span class=\"__7 _355\"></span>908<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38d_3 w1cd_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Diver<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26e_1 y38d_3 w1ce_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-6.2<span class=\"__7 _361\"></span>43<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26f_1 y38d_3 w1cf_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">-3.52<span class=\"__7 _359\"></span>6<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w1d0_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls1b_7 ws20_7\">Autres charg<span class=\"__7 _359\"></span>es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x270_1 y35f_3 w1d1_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">-69<span class=\"__7 _355\"></span>.535<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x271_1 y35f_3 w1d2_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">-63<span class=\"__7 _355\"></span>.519<span class=\"__7 _357\"> </span></div></td></tr></table>L<span class=\"__7 _355\"></span>es services et bi<span class=\"__7 _355\"></span>ens diver<span class=\"__7 _355\"></span>s comprenn<span class=\"__7 _355\"></span>ent ess<span class=\"__7 _355\"></span>entiellemen<span class=\"__7 _355\"></span>t des pr<span class=\"__7 _355\"></span>esta<span class=\"__7 _355\"></span>tions de services de con<span class=\"__7 _355\"></span>seil re\u00e7u<span class=\"__7 _355\"></span>s.<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-283": {
   "value": "3.<span class=\"__7 _355\"></span>6 ENGA<span class=\"__7 _361\"></span>GEM<span class=\"__7 _355\"></span>ENTS DE R<span class=\"__7 _355\"></span>ETRAITE ET A<span class=\"__7 _358\"></span>V<span class=\"__7 _361\"></span>ANT<span class=\"__7 _358\"></span>A<span class=\"__7 _361\"></span>GE<span class=\"__7 _355\"></span>S ASS<span class=\"__7 _355\"></span>IMIL<span class=\"__7 _355\"></span>\u00c9<span class=\"__7 _355\"></span>S<span class=\"__7 _357\"> </span>Sofina SA oc<span class=\"__7 _355\"></span>troie de<span class=\"__7 _355\"></span>s pres<span class=\"__7 _355\"></span>tation<span class=\"__7 _355\"></span>s de re<span class=\"__7 _355\"></span>traite e<span class=\"__7 _355\"></span>t de d\u00e9c\u00e8s qui son<span class=\"__7 _355\"></span>t finan<span class=\"__7 _355\"></span>c\u00e9es via de<span class=\"__7 _355\"></span>s contr<span class=\"__7 _355\"></span>ats<span class=\"__7 _355\"></span> d\u2019<span class=\"__7 _361\"></span>assura<span class=\"__7 _355\"></span>nce de gr<span class=\"__7 _355\"></span>oupe du type \u00ab pres<span class=\"__7 _355\"></span>tation<span class=\"__7 _355\"></span>s d\u00e9finie<span class=\"__7 _355\"></span>s \u00bb, \u00ab contributi<span class=\"__7 _355\"></span>ons d\u00e9finie<span class=\"__7 _355\"></span>s \u00bb et du type \u00ab cash b<span class=\"__7 _355\"></span>alanc<span class=\"__7 _355\"></span>e \u00bb. L<span class=\"__7 _355\"></span>es con<span class=\"__7 _355\"></span>tribution<span class=\"__7 _355\"></span>s octro<span class=\"__7 _355\"></span>y\u00e9es au per<span class=\"__7 _355\"></span>sonnel dan<span class=\"__7 _355\"></span>s le plan d<span class=\"__7 _355\"></span>u t<span class=\"__7 _359\"></span>ype \u00ab cash ba<span class=\"__7 _355\"></span>lanc<span class=\"__7 _355\"></span>e \u00bb sont ca<span class=\"__7 _355\"></span>pita<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>lis\u00e9e<span class=\"__7 _355\"></span>s \u00e0 haute<span class=\"__7 _355\"></span>ur d\u2019un rendem<span class=\"__7 _355\"></span>ent de tr<span class=\"__7 _355\"></span>ois pour c<span class=\"__7 _355\"></span>ent. L<span class=\"__7 _355\"></span>e finan<span class=\"__7 _355\"></span>cemen<span class=\"__7 _355\"></span>t du plan e<span class=\"__7 _355\"></span>st effect<span class=\"__7 _355\"></span>u\u00e9 par le biai<span class=\"__7 _355\"></span>s d\u2019une assur<span class=\"__7 _355\"></span>ance de gr<span class=\"__7 _355\"></span>oupe en ca<span class=\"__7 _355\"></span>pitalisa<span class=\"__7 _355\"></span>tion collectiv<span class=\"__7 _355\"></span>e en bra<span class=\"__7 _355\"></span>nche 2<span class=\"__7 _355\"></span>3 dont le<span class=\"__7 _355\"></span>s actifs son<span class=\"__7 _355\"></span>t principalemen<span class=\"__7 _355\"></span>t inve<span class=\"__7 _355\"></span>stis da<span class=\"__7 _355\"></span>ns des f<span class=\"__7 _355\"></span>onds d\u2019inve<span class=\"__7 _355\"></span>stissem<span class=\"__7 _355\"></span>ent. L<span class=\"__7 _355\"></span>es ac<span class=\"__7 _355\"></span>tifs des plan<span class=\"__7 _355\"></span>s de pension<span class=\"__7 _355\"></span> ne son<span class=\"__7 _355\"></span>t pas inv<span class=\"__7 _355\"></span>estis da<span class=\"__7 _355\"></span>ns des titr<span class=\"__7 _355\"></span>es Sofin<span class=\"__7 _355\"></span>a. Il n\u2019y a que de<span class=\"__7 _355\"></span>ux affili\u00e9s con<span class=\"__7 _355\"></span>tinua<span class=\"__7 _355\"></span>nt le pla<span class=\"__7 _355\"></span>n du type \u00ab prest<span class=\"__7 _355\"></span>ation<span class=\"__7 _355\"></span>s d\u00e9finies \u00bb.  L<span class=\"__7 _355\"></span>es pla<span class=\"__7 _355\"></span>ns du type \u00ab cash ba<span class=\"__7 _355\"></span>lance \u00bb e<span class=\"__7 _355\"></span>t \u00ab contrib<span class=\"__7 _355\"></span>utions d\u00e9fini<span class=\"__7 _355\"></span>es \u00bb sont s<span class=\"__7 _355\"></span>oumis \u00e0 un r<span class=\"__7 _355\"></span>endement<span class=\"__7 _355\"></span> minimum ga<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>ti et son<span class=\"__7 _355\"></span>t donc con<span class=\"__7 _355\"></span>sid\u00e9r\u00e9s c<span class=\"__7 _355\"></span>omme des pla<span class=\"__7 _355\"></span>ns du type \u00ab pre<span class=\"__7 _355\"></span>stati<span class=\"__7 _355\"></span>ons d\u00e9finie<span class=\"__7 _355\"></span>s \u00bb selon la norm<span class=\"__7 _355\"></span>e IAS 19<span class=\"__7 _355\"></span>. Ceux-ci on<span class=\"__7 _355\"></span>t \u00e9t\u00e9 \u00e9<span class=\"__7 _355\"></span>val<span class=\"__7 _355\"></span>u\u00e9s sur la ba<span class=\"__7 _355\"></span>se de la m\u00e9thode \u00ab T<span class=\"__7 _358\"></span>r<span class=\"__7 _355\"></span>aditional Unit<span class=\"__7 _355\"></span> C<span class=\"__7 _355\"></span>redit \u00bb san<span class=\"__7 _355\"></span>s proje<span class=\"__7 _355\"></span>ction des prime<span class=\"__7 _355\"></span>s futur<span class=\"__7 _355\"></span>es. L<span class=\"__7 _361\"></span>e plan de type \u00ab prest<span class=\"__7 _355\"></span>ation<span class=\"__7 _355\"></span>s d\u00e9finies \u00bb a \u00e9<span class=\"__7 _355\"></span>t\u00e9 \u00e9v<span class=\"__7 _355\"></span>alu\u00e9 sur la b<span class=\"__7 _355\"></span>ase de la m\u00e9<span class=\"__7 _355\"></span>thode \u00ab Pr<span class=\"__7 _355\"></span>oject<span class=\"__7 _355\"></span>ed Unit Cr<span class=\"__7 _355\"></span>edit \u00bb (en applic<span class=\"__7 _355\"></span>ation de la n<span class=\"__7 _355\"></span>orme IAS 19).<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>e plan de r<span class=\"__7 _355\"></span>etrait<span class=\"__7 _355\"></span>e chez Sofin<span class=\"__7 _355\"></span>a Invest e<span class=\"__7 _355\"></span>t Sofina Ca<span class=\"__7 _355\"></span>pital au Gr<span class=\"__7 _355\"></span>and-D<span class=\"__7 _355\"></span>uch\u00e9 de L<span class=\"__7 _355\"></span>uxembou<span class=\"__7 _355\"></span>rg est un plan d<span class=\"__7 _355\"></span>u t<span class=\"__7 _359\"></span>ype \u00ab con<span class=\"__7 _355\"></span>tribution<span class=\"__7 _355\"></span>s d\u00e9finies \u00bb sa<span class=\"__7 _355\"></span>ns ren<span class=\"__7 _355\"></span>dement minim<span class=\"__7 _355\"></span>um gara<span class=\"__7 _355\"></span>nti pa<span class=\"__7 _355\"></span>r l\u2019<span class=\"__7 _361\"></span>employ<span class=\"__7 _355\"></span>eur<span class=\"__7 _355\"></span>. \u00c0 Singapo<span class=\"__7 _355\"></span>ur<span class=\"__7 _355\"></span>, Sofina Asia n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _361\"></span>offre p<span class=\"__7 _355\"></span>as de plan de r<span class=\"__7 _355\"></span>etrait<span class=\"__7 _355\"></span>e mais un pla<span class=\"__7 _355\"></span>n d\u00e9c\u00e8s et inv<span class=\"__7 _355\"></span>alidit\u00e9<span class=\"__7 _355\"></span>. L<span class=\"__7 _355\"></span>e co\u00fbt y a<span class=\"__7 _355\"></span>ff\u00e9ra<span class=\"__7 _355\"></span>nt n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _361\"></span>est pa<span class=\"__7 _355\"></span>s refl\u00e9<span class=\"__7 _355\"></span>t\u00e9 direc<span class=\"__7 _355\"></span>temen<span class=\"__7 _355\"></span>t dan<span class=\"__7 _355\"></span>s le r\u00e9sulta<span class=\"__7 _355\"></span>t de Sofina so<span class=\"__7 _355\"></span>us le sta<span class=\"__7 _355\"></span>tut d\u2019E<span class=\"__7 _355\"></span>ntit<span class=\"__7 _355\"></span>\u00e9 d\u2019Inv<span class=\"__7 _355\"></span>estiss<span class=\"__7 _355\"></span>ement, mai<span class=\"__7 _355\"></span>s dan<span class=\"__7 _355\"></span>s le r\u00e9sult<span class=\"__7 _355\"></span>at de ces fili<span class=\"__7 _355\"></span>ales qui son<span class=\"__7 _355\"></span>t re<span class=\"__7 _355\"></span>prises da<span class=\"__7 _355\"></span>ns les com<span class=\"__7 _355\"></span>pte<span class=\"__7 _355\"></span>s de Sofina \u00e0 l<span class=\"__7 _355\"></span>a jus<span class=\"__7 _355\"></span>te va<span class=\"__7 _355\"></span>leur<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span><table class=\"s_2 w1_2 h29_3\" id=\"_012fb417-f368-4b0f-ba42-b9683cc7a7c6\"><tr><td></td><td></td><td class=\"t_7 m2_7 x7f_5 h3_7 y398_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x81_5 y399_3 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x82_5 y399_3 w3_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h5_7 y39a_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tants c<span class=\"__7 _355\"></span>omptabili<span class=\"__7 _355\"></span>s\u00e9s au bila<span class=\"__7 _355\"></span>n<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 x84_5 y39d_3 wb3_2 h2a_3\"><div class=\"t_7 m2_7 x80_5 h11_7 y39b_3 ffa_3 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Plan du type \u00ab pr<span class=\"__7 _355\"></span>est<span class=\"__7 _355\"></span>ations d\u00e9finie<span class=\"__7 _355\"></span>s \u00bb</div><div class=\"t_7 m2_7 x173_1 h12_7 y39c_3 ffa_3 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">1<span class=\"__7 _357\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y39e_3 wb4_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur act<span class=\"__7 _355\"></span>uelle des obligation<span class=\"__7 _355\"></span>s de pension<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x174_1 y39e_3 wb5_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">6<span class=\"__7 _355\"></span>.462<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x175_1 y39e_3 wb6_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls6_7 ws5_7\">6.678<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y39f_3 wb7_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant n<span class=\"__7 _355\"></span>on reconnu c<span class=\"__7 _355\"></span>omme actif<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x176_1 y39f_3 w19_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x177_1 y39f_3 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3a0_3 wb8_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Just<span class=\"__7 _355\"></span>e valeur de<span class=\"__7 _355\"></span>s actifs<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x178_1 y3a0_3 wb9_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-6.<span class=\"__7 _355\"></span>005<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x179_1 y3a0_3 wba_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-6.<span class=\"__7 _358\"></span>145<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3a1_3 wbb_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur act<span class=\"__7 _355\"></span>uelle nette des obliga<span class=\"__7 _355\"></span>tions de pen<span class=\"__7 _355\"></span>sion<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x17a_1 y3a1_3 wbc_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls27_7 ws4a_5\">4<span class=\"__7 _359\"></span>57<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x17b_1 y3a1_3 wbd_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">533<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h11_7 y3a2_3 ffa_3 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Plan du type \u00ab con<span class=\"__7 _355\"></span>tributions d<span class=\"__7 _355\"></span>\u00e9finies \u00bb<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3a3_3 wb4_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur act<span class=\"__7 _355\"></span>uelle des obligation<span class=\"__7 _355\"></span>s de pension<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x17c_1 y3a3_3 wbe_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">4.611<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x17d_1 y3a3_3 wbf_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">4.348<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3a4_3 wb7_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant n<span class=\"__7 _355\"></span>on reconnu c<span class=\"__7 _355\"></span>omme actif<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x176_1 y3a4_3 w19_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x177_1 y3a4_3 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3a5_3 wb8_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Just<span class=\"__7 _355\"></span>e valeur de<span class=\"__7 _355\"></span>s actifs<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x17e_1 y3a5_3 wc0_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-4.611<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x17f_1 y3a5_3 wc1_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-4.2<span class=\"__7 _355\"></span>70<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 wbb_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur act<span class=\"__7 _355\"></span>uelle nette des obliga<span class=\"__7 _355\"></span>tions de pen<span class=\"__7 _355\"></span>sion<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x180_1 y35f_3 wc2_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x181_1 y35f_3 wc3_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls28_7 ws4b_5\">78<span class=\"__7 _357\"> </span></div></td></tr></table><table class=\"s_2 wc4_2 h2b_3\" id=\"_348e553e-9c5f-4ac2-9569-cc7fe6279ebb\"><tr><td class=\"t_7 m2_7 x183_1 h11_7 y3a6_3 ffa_3 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Plan du type \u00ab ca<span class=\"__7 _355\"></span>sh balance \u00bb<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3a8_3 wb4_2 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur act<span class=\"__7 _355\"></span>uelle des obligation<span class=\"__7 _355\"></span>s de pension<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x184_1 y3a8_3 wc5_2 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.288<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x185_1 y3a8_3 wc6_2 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls29_7 ws4c_5\">9.<span class=\"__7 _359\"></span>6<span class=\"__7 _359\"></span>83<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3a9_3 wb7_2 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant n<span class=\"__7 _355\"></span>on reconnu c<span class=\"__7 _355\"></span>omme actif<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x186_1 y3a9_3 wc7_2 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.899<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x187_1 y3a9_3 wc8_2 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.911<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3aa_3 wb8_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Just<span class=\"__7 _355\"></span>e valeur de<span class=\"__7 _355\"></span>s actifs<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x188_1 y3aa_3 wc9_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-13.<span class=\"__7 _358\"></span>187<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x189_1 y3aa_3 wca_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-11.5<span class=\"__7 _355\"></span>94<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ab_3 wbb_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur act<span class=\"__7 _355\"></span>uelle nette des obliga<span class=\"__7 _355\"></span>tions de pen<span class=\"__7 _355\"></span>sion<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x18a_1 y3ab_3 wcb_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x18b_1 y3ab_3 wcb_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x183_1 h5_7 y3ac_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>otal de<span class=\"__7 _355\"></span>s plans<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ad_3 wb4_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur act<span class=\"__7 _355\"></span>uelle des obligation<span class=\"__7 _355\"></span>s de pension<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x18c_1 y3ad_3 wcc_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">22.361<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x18d_1 y3ad_3 wcd_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">20<span class=\"__7 _359\"></span>.70<span class=\"__7 _359\"></span>9<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ae_3 wb7_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant n<span class=\"__7 _355\"></span>on reconnu c<span class=\"__7 _355\"></span>omme actif<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x186_1 y3ae_3 wc7_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.899<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x187_1 y3ae_3 wc8_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.911<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3af_3 wb8_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Just<span class=\"__7 _355\"></span>e valeur de<span class=\"__7 _355\"></span>s actifs<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x18e_1 y3af_3 wce_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>3.803<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x18f_1 y3af_3 wcf_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-22.009<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3b0_3 wbb_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur act<span class=\"__7 _355\"></span>uelle nette des obliga<span class=\"__7 _355\"></span>tions de pen<span class=\"__7 _355\"></span>sion<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x190_1 y3b0_3 wbc_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls27_7 ws4a_5\">4<span class=\"__7 _359\"></span>57<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x191_1 y3b0_3 wd0_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">611<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x183_1 h6_7 y3b1_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Just<span class=\"__7 _355\"></span>e valeur de<span class=\"__7 _355\"></span>s actifs </td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3b2_3 wd1_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">F<span class=\"__7 _355\"></span>onds d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t collectif pa<span class=\"__7 _355\"></span>trimonial<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x192_1 y3b2_3 wd2_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">14.5<span class=\"__7 _355\"></span>99<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x193_1 y3b2_3 wd3_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">12.<span class=\"__7 _355\"></span>961<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3b3_3 wd4_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Actifs g\u00e9r<span class=\"__7 _355\"></span>\u00e9s par l\u2019<span class=\"__7 _361\"></span>assur<span class=\"__7 _355\"></span>eur<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x194_1 y3b3_3 wd5_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls29_7 ws4c_5\">9.<span class=\"__7 _359\"></span>204<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x195_1 y3b3_3 wd6_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls29_7 ws4c_5\">9.0<span class=\"__7 _359\"></span>4<span class=\"__7 _359\"></span>8<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3b4_3 wd7_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Just<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r des actifs<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x196_1 y3b4_3 wd8_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">23<span class=\"__7 _355\"></span>.803<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x197_1 y3b4_3 wd9_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">22.009<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x183_1 h5_7 y3b5_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mouvem<span class=\"__7 _355\"></span>ents des en<span class=\"__7 _355\"></span>gagements en c<span class=\"__7 _355\"></span>ours d\u2019<span class=\"__7 _361\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3b6_3 wda_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">P<span class=\"__7 _355\"></span>assifs n<span class=\"__7 _355\"></span>ets \u00e0 l\u2019<span class=\"__7 _361\"></span>ouvertur<span class=\"__7 _355\"></span>e de l\u2019<span class=\"__7 _361\"></span>ex<span class=\"__7 _355\"></span>ercice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x198_1 y3b6_3 wdb_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">611<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x199_1 y3b6_3 wdc_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">675<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3b7_3 wdd_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant r<span class=\"__7 _355\"></span>econnu en f<span class=\"__7 _355\"></span>onds propr<span class=\"__7 _355\"></span>es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x19a_1 y3b7_3 wde_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls6_7 ws5_7\">-5<span class=\"__7 _359\"></span>28<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x19b_1 y3b7_3 wdf_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2a_7 ws4d_5\">683<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3b8_3 we0_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Pr<span class=\"__7 _355\"></span>oduit ou cha<span class=\"__7 _355\"></span>rge net(t<span class=\"__7 _355\"></span>e) compta<span class=\"__7 _355\"></span>bilis\u00e9(e) au com<span class=\"__7 _355\"></span>pte de r<span class=\"__7 _355\"></span>\u00e9sultat<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x19c_1 y3b8_3 we1_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.<span class=\"__7 _358\"></span>122<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x19d_1 y3b8_3 we2_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.42<span class=\"__7 _355\"></span>0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3b9_3 we3_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Co<span class=\"__7 _355\"></span>tisation<span class=\"__7 _355\"></span>s vers\u00e9<span class=\"__7 _355\"></span>es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x19e_1 y3b9_3 we4_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-1.<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>48<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x19f_1 y3b9_3 we5_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2.<span class=\"__7 _361\"></span>167<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ba_3 we6_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant com<span class=\"__7 _355\"></span>ptabili<span class=\"__7 _355\"></span>s\u00e9 \u00e0 la cl\u00f4tu<span class=\"__7 _355\"></span>re de l\u2019<span class=\"__7 _361\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1a0_1 y3ba_3 we7_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls27_7 ws4a_5\">457<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1a1_1 y3ba_3 wd0_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">611<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x183_1 h5_7 y3bb_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Char<span class=\"__7 _355\"></span>ges de pension com<span class=\"__7 _355\"></span>ptabili<span class=\"__7 _355\"></span>s\u00e9es au comp<span class=\"__7 _355\"></span>te de r\u00e9<span class=\"__7 _355\"></span>sultats<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3bc_3 we8_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Co\u00fbt de<span class=\"__7 _355\"></span>s ser<span class=\"__7 _359\"></span>vice<span class=\"__7 _355\"></span>s rendu<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1a2_1 y3bc_3 we9_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2.<span class=\"__7 _361\"></span>110<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1a3_1 y3bc_3 wea_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-1.415<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3bd_3 web_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats n<span class=\"__7 _355\"></span>ets sur les obliga<span class=\"__7 _355\"></span>tions de pen<span class=\"__7 _355\"></span>sion<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1a4_1 y3bd_3 wec_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1a5_1 y3bd_3 wed_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">4<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3be_3 wee_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Re<span class=\"__7 _355\"></span>venu<span class=\"__7 _355\"></span>s d\u2019int\u00e9r<span class=\"__7 _355\"></span>\u00eats<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1a6_1 y3be_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1a7_1 y3be_3 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3a3_3 wef_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Co\u00fbt<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _355\"></span>administr<span class=\"__7 _355\"></span>ation<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1a8_1 y3a3_3 wf0_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-17<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1a9_1 y3a3_3 wf1_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-9<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3bf_3 wf2_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Re<span class=\"__7 _355\"></span>prise des co\u00fbt<span class=\"__7 _355\"></span>s des services pas<span class=\"__7 _355\"></span>s\u00e9s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1aa_1 y3bf_3 w1e_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ab_1 y3bf_3 w1e_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3a5_3 wf3_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Gain<span class=\"__7 _355\"></span>s (+) / pertes (-) actu<span class=\"__7 _355\"></span>ariels r<span class=\"__7 _355\"></span>econnus<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ac_1 y3a5_3 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ad_1 y3a5_3 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 wf4_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Char<span class=\"__7 _355\"></span>ges nette<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ae_1 y35f_3 wf5_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2.<span class=\"__7 _361\"></span>122<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1af_1 y35f_3 wf6_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-1.42<span class=\"__7 _355\"></span>0<span class=\"__7 _357\"> </span></div></td></tr></table>1 <span class=\"__7 _365\"> </span>  <span class=\"__7 _8f_2\"></span>Ces m<span class=\"__7 _355\"></span>ontan<span class=\"__7 _355\"></span>ts compr<span class=\"__7 _355\"></span>ennent les obliga<span class=\"__7 _355\"></span>tions et actifs r<span class=\"__7 _355\"></span>elatifs aux pl<span class=\"__7 _355\"></span>ans du type \u00ab pre<span class=\"__7 _355\"></span>station<span class=\"__7 _355\"></span>s d\u00e9finies \u00bb pour les a<span class=\"__7 _355\"></span>ffili\u00e9s qui ont ch<span class=\"__7 _355\"></span>oisi de contin<span class=\"__7 _355\"></span>uer leur carri\u00e8r<span class=\"__7 _355\"></span>e dans ce<span class=\"__7 _355\"></span>s plans, m<span class=\"__7 _355\"></span>ais aussi le<span class=\"__7 _355\"></span>s obligations e<span class=\"__7 _355\"></span>t actifs histori<span class=\"__7 _355\"></span>ques de ces m\u00eames pl<span class=\"__7 _355\"></span>ans pour t<span class=\"__7 _355\"></span>ous ceux qui on<span class=\"__7 _355\"></span>t choisi de pa<span class=\"__7 _355\"></span>sser vers le pla<span class=\"__7 _355\"></span>n du type \u00ab cash balan<span class=\"__7 _355\"></span>ce \u00bb<span class=\"__7 _357\"> </span><div class=\"t_7 m11_3 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls1e_7 ws27_7 gs69_1\">L<span class=\"__7 _355\"></span>es cha<span class=\"__7 _355\"></span>rges de pen<span class=\"__7 _355\"></span>sion sont r<span class=\"__7 _355\"></span>eprise<span class=\"__7 _355\"></span>s dans l<span class=\"__7 _355\"></span>a rubrique Autr<span class=\"__7 _355\"></span>es cha<span class=\"__7 _355\"></span>rges du com<span class=\"__7 _355\"></span>pte de r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>ts. </div><div class=\"gs6a_1\"><table class=\"s_2 w6f_2 h2f_3\" id=\"_be7adbbe-1ae5-4057-a274-0ce0235d2dcc\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y3ca_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x143_2 y3cb_3 w2_2 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x144_2 y3cb_3 w3_2 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y3cc_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Prin<span class=\"__7 _355\"></span>cipales h<span class=\"__7 _355\"></span>ypoth\u00e8se<span class=\"__7 _355\"></span>s actua<span class=\"__7 _355\"></span>rielles \u00e0 la cl\u00f4<span class=\"__7 _355\"></span>ture de l\u2019<span class=\"__7 _358\"></span>ex<span class=\"__7 _355\"></span>ercice<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 x84_5 y3cd_3 w115_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>aux d\u2019<span class=\"__7 _361\"></span>actua<span class=\"__7 _355\"></span>lisation</div><div class=\"t_7 m2_7 x1dd_1 hf_7 y377_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">1<span class=\"__7 _357\"> </span></div></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y3ce_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Pla<span class=\"__7 _355\"></span>n du type \u00ab presta<span class=\"__7 _355\"></span>tions d\u00e9<span class=\"__7 _355\"></span>finies \u00bb<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3cf_3 w116_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">- Ancien pla<span class=\"__7 _355\"></span>n<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1de_1 y3cf_3 w117_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3,40%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1df_1 y3cf_3 w118_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3<span class=\"__7 _355\"></span>,<span class=\"__7 _361\"></span>15%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3d0_3 w119_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">- Nouv<span class=\"__7 _355\"></span>eau plan<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e0_1 y3d0_3 w11a_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3,<span class=\"__7 _355\"></span>90%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e1_1 y3d0_3 w11b_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3,45%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y3d1_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Pla<span class=\"__7 _355\"></span>n du type \u00ab contributio<span class=\"__7 _355\"></span>ns d\u00e9finies \u00bb<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3d2_3 w116_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">- Ancien pla<span class=\"__7 _355\"></span>n<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e2_1 y3d2_3 w11c_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3,<span class=\"__7 _355\"></span>36%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e3_1 y3d2_3 w11d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3,<span class=\"__7 _361\"></span>15%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3d3_3 w119_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">- Nouv<span class=\"__7 _355\"></span>eau plan<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e0_1 y3d3_3 w11a_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3<span class=\"__7 _355\"></span>,60%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e1_1 y3d3_3 w11e_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3,25%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3d4_3 w11f_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Pla<span class=\"__7 _355\"></span>n du type \u00ab cash bala<span class=\"__7 _355\"></span>nce \u00bb<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e4_1 y3d4_3 w120_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3,<span class=\"__7 _355\"></span>95%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e5_1 y3d4_3 w11b_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3,45%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3d5_3 w121_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>aux de cr<span class=\"__7 _355\"></span>oissa<span class=\"__7 _355\"></span>nce des sal<span class=\"__7 _355\"></span>aires<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e6_1 y3d5_3 w122_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5,<span class=\"__7 _355\"></span>00%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e7_1 y3d5_3 w122_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5,<span class=\"__7 _355\"></span>00%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3d6_3 w123_2 h30_3\"><div class=\"t_7 m2_7 x80_5 h11_7 y39b_3 ffa_3 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>aux d\u2019inflation<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e8_1 y3d6_3 w124_2 h30_3\"><div class=\"t_7 m2_7 x80_5 h11_7 y39b_3 ffa_3 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2,00%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1e9_1 y3d6_3 w125_2 h30_3\"><div class=\"t_7 m2_7 x80_5 h11_7 y39b_3 ffa_3 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2,00%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3d7_3 w126_2 h30_3\"><div class=\"t_7 m2_7 x80_5 h11_7 y39b_3 ffa_3 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>able de mortalit\u00e9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ea_1 y3d7_3 w127_2 h30_3\"><div class=\"t_7 m2_7 x80_5 h11_7 y39b_3 ffa_3 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">MR-5/F<span class=\"__7 _355\"></span>R-5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1eb_1 y3d7_3 w128_2 h30_3\"><div class=\"t_7 m2_7 x80_5 h11_7 y39b_3 ffa_3 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">MR-5/FR-5<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h5_7 y3d8_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">\u00c9v<span class=\"__7 _355\"></span>olution de la va<span class=\"__7 _355\"></span>leur actuelle de<span class=\"__7 _355\"></span>s presta<span class=\"__7 _355\"></span>tions de r<span class=\"__7 _355\"></span>etrait<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3d9_3 w129_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur act<span class=\"__7 _355\"></span>uelle des pre<span class=\"__7 _355\"></span>station<span class=\"__7 _355\"></span>s \u00e0 l\u2019<span class=\"__7 _361\"></span>ouvertur<span class=\"__7 _355\"></span>e de l\u2019<span class=\"__7 _361\"></span>ex<span class=\"__7 _355\"></span>ercice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ec_1 y3d9_3 w12a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">20<span class=\"__7 _359\"></span>.70<span class=\"__7 _359\"></span>9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ed_1 y3d9_3 w12b_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">21.862<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3da_3 w12c_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Co\u00fbt de<span class=\"__7 _355\"></span>s ser<span class=\"__7 _359\"></span>vice<span class=\"__7 _355\"></span>s (employeur)<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ee_1 y3da_3 w12d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.<span class=\"__7 _361\"></span>110<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ef_1 y3da_3 w12e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.414<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3db_3 w12f_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Co\u00fbt de<span class=\"__7 _355\"></span>s ser<span class=\"__7 _359\"></span>vice<span class=\"__7 _355\"></span>s (employ\u00e9)<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f0_1 y3db_3 w130_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">82<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f1_1 y3db_3 w131_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1b_7 ws4f_5\">104<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3dc_3 w132_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Co\u00fbt d\u2019in<span class=\"__7 _355\"></span>t\u00e9r<span class=\"__7 _355\"></span>\u00eats<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f2_1 y3dc_3 w133_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls29_7 ws4c_5\">6<span class=\"__7 _359\"></span>57<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f3_1 y3dc_3 w134_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2c_7 ws50_5\">898<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3dd_3 w135_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Pr<span class=\"__7 _355\"></span>esta<span class=\"__7 _355\"></span>tions pa<span class=\"__7 _355\"></span>y\u00e9es au c<span class=\"__7 _355\"></span>ours de l\u2019<span class=\"__7 _358\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f4_1 y3dd_3 w136_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-963<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f5_1 y3dd_3 w137_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">-3.04<span class=\"__7 _359\"></span>0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3de_3 w138_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>ax<span class=\"__7 _355\"></span>es sur les con<span class=\"__7 _355\"></span>tributions p<span class=\"__7 _355\"></span>ay\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f6_1 y3de_3 w139_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>08<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f7_1 y3de_3 w13a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>58<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y3df_3 w13b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Gain (-) / perte (+) ac<span class=\"__7 _355\"></span>tuariel<span class=\"__7 _355\"></span>s de l\u2019<span class=\"__7 _361\"></span>exer<span class=\"__7 _355\"></span>cice</div><div class=\"t_7 m2_7 x1f8_1 hf_7 y377_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">2<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f9_1 y3df_3 w13c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2d_7 ws51_5\">-26<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1fa_1 y3df_3 w13d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>71<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3e0_3 w13e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Co\u00fbt<span class=\"__7 _355\"></span>s (+) et repri<span class=\"__7 _355\"></span>ses des co\u00fbt<span class=\"__7 _355\"></span>s (-) des services pas<span class=\"__7 _355\"></span>s\u00e9s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1fb y3e0_3 w19_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1fc_1 y3e0_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h5_7 y3e1_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur act<span class=\"__7 _355\"></span>uelle des pres<span class=\"__7 _355\"></span>tation<span class=\"__7 _355\"></span>s promise<span class=\"__7 _355\"></span>s \u00e0 la cl\u00f4tur<span class=\"__7 _355\"></span>e de </td><td class=\"c_2 n_2 x1fd_1 y3e2_3 w13f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">22.361<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1fe_1 y3e2_3 w140_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls2e_7 ws52_5\">20<span class=\"__7 _359\"></span>.70<span class=\"__7 _356\"></span>9<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h5_7 y3e3_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">l\u2019<span class=\"__7 _361\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x83_5 h5_7 y3e4_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">\u00c9v<span class=\"__7 _355\"></span>olution de la jus<span class=\"__7 _355\"></span>te va<span class=\"__7 _355\"></span>leur des actifs de<span class=\"__7 _355\"></span>s plans<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3e5_3 w141_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Just<span class=\"__7 _355\"></span>e valeur de<span class=\"__7 _355\"></span>s actifs \u00e0 l\u2019<span class=\"__7 _358\"></span>ouverture de l\u2019<span class=\"__7 _358\"></span>ex<span class=\"__7 _355\"></span>ercice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ff_1 y3e5_3 w142_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">22.009<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x200_1 y3e5_3 w143_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">21.368<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3c2_3 w135_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Pr<span class=\"__7 _355\"></span>esta<span class=\"__7 _355\"></span>tions pa<span class=\"__7 _355\"></span>y\u00e9es au c<span class=\"__7 _355\"></span>ours de l\u2019<span class=\"__7 _358\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f4_1 y3c2_3 w136_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-963<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f5_1 y3c2_3 w137_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">-3.04<span class=\"__7 _359\"></span>0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3e6_3 w144_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Co<span class=\"__7 _355\"></span>tisation<span class=\"__7 _355\"></span>s re\u00e7ue<span class=\"__7 _355\"></span>s au cour<span class=\"__7 _355\"></span>s de l\u2019<span class=\"__7 _361\"></span>exer<span class=\"__7 _355\"></span>cice (employ<span class=\"__7 _355\"></span>eur)<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x201_1 y3e6_3 w145_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _361\"></span>7<span class=\"__7 _361\"></span>48<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x202_1 y3e6_3 w146_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.<span class=\"__7 _361\"></span>167<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3e7_3 w147_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Co<span class=\"__7 _355\"></span>tisation<span class=\"__7 _355\"></span>s re\u00e7ue<span class=\"__7 _355\"></span>s au cour<span class=\"__7 _355\"></span>s de l\u2019<span class=\"__7 _361\"></span>exer<span class=\"__7 _355\"></span>cice (employ<span class=\"__7 _355\"></span>\u00e9)<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x203_1 y3e7_3 w130_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">82<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x204_1 y3e7_3 w148_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2f_7 ws53_5\">103<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w149_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Pr<span class=\"__7 _355\"></span>oduit d\u2019int<span class=\"__7 _355\"></span>\u00e9r\u00eat<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x205_1 y35f_3 w14a_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls6_7 ws5_7\">728<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x206_1 y35f_3 w14b_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">912<span class=\"__7 _357\"> </span></div></td></tr></table></div><div class=\"gs6b_1\"><table class=\"s_2 w14c_1 h31_3\" id=\"_2c58125d-cc47-44ca-b168-cd01c6548482\"><tr><td class=\"c_2 n_2 x84_5 y3e8_3 w138_2 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>ax<span class=\"__7 _355\"></span>es sur les con<span class=\"__7 _355\"></span>tributions p<span class=\"__7 _355\"></span>ay\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1f6_1 y3e8_3 w14d_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-208<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x207_1 y3e8_3 w14e_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-258<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3e9_3 wef_2 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Co\u00fbt<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _355\"></span>administr<span class=\"__7 _355\"></span>ation<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x208_1 y3e9_3 w14f_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-17<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x209_1 y3e9_3 wf1_2 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-9<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ea_3 w150_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Ren<span class=\"__7 _355\"></span>dement e<span class=\"__7 _355\"></span>xc\u00e9da<span class=\"__7 _355\"></span>nt les pr<span class=\"__7 _355\"></span>oduits d\u2019in<span class=\"__7 _355\"></span>t\u00e9r\u00ea<span class=\"__7 _355\"></span>ts<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x20a_1 y3ea_3 w151_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls30_7 ws28_7\">440<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x20b_1 y3ea_3 w152_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2a_7 ws4d_5\">883<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3eb_3 w153_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws54_5\">Gain (+) / perte (-) ac<span class=\"__7 _355\"></span>tuariel<span class=\"__7 _355\"></span>s li\u00e9s \u00e0 des aj<span class=\"__7 _355\"></span>ustem<span class=\"__7 _355\"></span>ents d\u2019<span class=\"__7 _358\"></span>exp\u00e9rience<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x20c_1 y3eb_3 w154_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-16<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x20d_1 y3eb_3 w155_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-117<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ec_3 w156_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">V<span class=\"__7 _361\"></span>aleur act<span class=\"__7 _355\"></span>uelle des plan<span class=\"__7 _355\"></span>s \u00e0 la cl\u00f4tur<span class=\"__7 _355\"></span>e de l\u2019<span class=\"__7 _361\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x20e_1 y3ec_3 w157_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>3.803<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x20f_1 y3ec_3 wd9_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">22.009<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ed_3 w158_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Fr<span class=\"__7 _355\"></span>ais de per<span class=\"__7 _355\"></span>sonnel<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x210_1 y3ed_3 w159_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls31_7 ws55_5\">4<span class=\"__7 _359\"></span>0.<span class=\"__7 _359\"></span>529<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x211_1 y3ed_3 w15a_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">35.<span class=\"__7 _355\"></span>908<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x183_1 h5_7 y3ee_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Nombr<span class=\"__7 _355\"></span>e moyen d\u2019<span class=\"__7 _361\"></span>employ<span class=\"__7 _355\"></span>\u00e9s en \u00e9quiva<span class=\"__7 _355\"></span>lent temp<span class=\"__7 _355\"></span>s plein, y </td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x183_1 h5_7 y3ef_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">compri<span class=\"__7 _355\"></span>s le CE<span class=\"__7 _355\"></span>O<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f0_3 w15b_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Emplo<span class=\"__7 _355\"></span>y\u00e9s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x212_1 y3f0_3 wad_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">19<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x213_1 y3f0_3 w15c_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1d_7 ws22_7\">18<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y397_3 w15d_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">P<span class=\"__7 _355\"></span>ersonn<span class=\"__7 _355\"></span>el de direction<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x214 y397_3 w15e_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls6_7 ws5_7\">28<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x215_1 y397_3 w15f_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls32_7 ws56_5\">27<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td class=\"c_2 n_2 x216_1 y35f_3 w160_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls33_7 ws57_5\">47<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x217_1 y35f_3 w161_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">45<span class=\"__7 _357\"> </span></div></td></tr></table></div><div class=\"t_7 ma_5 h13_7 ffb_2 fs8_7 fc4_7 sc0_7 ls1f_7 ws5e_5 gs78_1\">1<span class=\"__7 gs79_1\"> </span><span class=\"__7 _365\"> </span><span class=\"__7 gs79_1\"> </span>Une<span class=\"__7 gs79_1\"> </span>ana<span class=\"__7 _355\"></span>lyse<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>sensibilit<span class=\"__7 _355\"></span>\u00e9<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>+<span class=\"__7 gs79_1\"> </span>ou<span class=\"__7 gs79_1\"> </span>-0,2<span class=\"__7 _355\"></span>5%<span class=\"__7 gs79_1\"> </span>est<span class=\"__7 gs79_1\"> </span>appliqu\u00e9e<span class=\"__7 gs79_1\"> </span>sur<span class=\"__7 gs79_1\"> </span>les<span class=\"__7 gs79_1\"> </span>t<span class=\"__7 _355\"></span>aux<span class=\"__7 gs79_1\"> </span>d\u2019<span class=\"__7 _355\"></span>actuali<span class=\"__7 _355\"></span>sation,<span class=\"__7 gs79_1\"> </span>ce<span class=\"__7 gs79_1\"> </span>qui<span class=\"__7 gs79_1\"> </span>pr<span class=\"__7 _355\"></span>\u00e9sent<span class=\"__7 _355\"></span>erait<span class=\"__7 gs79_1\"> </span>un<span class=\"__7 gs79_1\"> </span>impact<span class=\"__7 gs79_1\"> </span>su<span class=\"__7 _355\"></span>r<span class=\"__7 gs79_1\"> </span>la<span class=\"__7 gs79_1\"> </span>valeur<span class=\"__7 gs79_1\"> </span>ac<span class=\"__7 _355\"></span>tuelle<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>-197<span class=\"__7 gs79_1\"> </span>millier<span class=\"__7 _355\"></span>s<span class=\"__7 gs79_1\"> </span>EUR<span class=\"__7 gs79_1\"> </span>et<span class=\"__7 gs79_1\"> </span>+211<span class=\"__7 gs79_1\"> </span>milliers<span class=\"__7 gs79_1\"> </span>EUR.</div><div class=\"t_7 ma_5 h13_7 ffb_2 fs8_7 fc4_7 sc0_7 ls1f_7 ws5e_5 gs7a_1\">2<span class=\"__7 gs79_1\"> </span> <span class=\"__7 gs79_1\"> </span>Changemen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>hypo<span class=\"__7 _355\"></span>th\u00e8ses<span class=\"__7 gs79_1\"> </span>d\u00e9mogr<span class=\"__7 _355\"></span>aphiques<span class=\"__7 gs79_1\"> </span>(-325<span class=\"__7 gs79_1\"> </span>millier<span class=\"__7 _355\"></span>s<span class=\"__7 gs79_1\"> </span>EUR),<span class=\"__7 gs79_1\"> </span>changem<span class=\"__7 _355\"></span>ent<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>hypo<span class=\"__7 _355\"></span>th\u00e8ses<span class=\"__7 gs79_1\"> </span>fina<span class=\"__7 _355\"></span>nci\u00e8res<span class=\"__7 gs79_1\"> </span>(2<span class=\"__7 _355\"></span>96<span class=\"__7 gs79_1\"> </span>milliers<span class=\"__7 gs79_1\"> </span>EUR)<span class=\"__7 gs79_1\"> </span>e<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>changemen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>hypo<span class=\"__7 _355\"></span>th\u00e8ses<span class=\"__7 gs79_1\"> </span>d\u2019<span class=\"__7 _361\"></span>exp\u00e9rience<span class=\"__7 gs79_1\"> </span>(54<span class=\"__7 gs79_1\"> </span>millier<span class=\"__7 _355\"></span>s<span class=\"__7 gs79_1\"> </span>EUR).</div><div class=\"t_7 ma_5 h13_7 ffb_2 fs8_7 fc4_7 sc0_7 ls1f_7 ws5e_5 gs31_1\">3<span class=\"__7 gs79_1\"> </span> <span class=\"__7 gs79_1\"> </span>Se<span class=\"__7 gs79_1\"> </span>compose<span class=\"__7 gs79_1\"> </span>d\u2019in<span class=\"__7 _355\"></span>t\u00e9r<span class=\"__7 _355\"></span>\u00eats<span class=\"__7 gs79_1\"> </span>courus<span class=\"__7 gs79_1\"> </span>sur<span class=\"__7 gs79_1\"> </span>l\u2019<span class=\"__7 _358\"></span>emprunt<span class=\"__7 gs79_1\"> </span>obliga<span class=\"__7 _355\"></span>taire<span class=\"__7 gs79_1\"> </span>(cf<span class=\"__7 _355\"></span>.<span class=\"__7 gs79_1\"> </span>point<span class=\"__7 gs79_1\"> </span>3<span class=\"__7 _355\"></span>.7<span class=\"__7 gs79_1\"> </span>ci-de<span class=\"__7 _355\"></span>ssus).</div><div class=\"t_7 m1_7 h2_7 ff2_7 fs1_7 fc1_7 sc0_7 ls1_7 ws0_7 gsf3_1\">3.<span class=\"__7 _358\"></span>19 PLAN D<span class=\"__7 _355\"></span>\u2019OP<span class=\"__7 _355\"></span>TION SU<span class=\"__7 _355\"></span>R A<span class=\"__7 _355\"></span>CTION<span class=\"__7 _355\"></span>S DU PE<span class=\"__7 _355\"></span>RS<span class=\"__7 _355\"></span>ONN<span class=\"__7 _355\"></span>EL<span class=\"__7 _358\"></span> <span class=\"__7 _364\"></span>  </div><div class=\"t_7 m4_7 h2_7 ff2_7 fs1_7 fc3_7 sc0_7 ls2_7 ws0_7 gsf4_1\">Na<span class=\"__7 _355\"></span>tur<span class=\"__7 _355\"></span>e et port\u00e9e des ac<span class=\"__7 _355\"></span>cord<span class=\"__7 _355\"></span>s  </div><div class=\"t_7 m2d_1 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls4d_5 ws88_1 gsf5_1\">L<span class=\"__7 _355\"></span>e groupe So<span class=\"__7 _355\"></span>fina propo<span class=\"__7 _355\"></span>se \u00e0 ses membr<span class=\"__7 _355\"></span>es du per<span class=\"__7 _355\"></span>sonnel</div><div class=\"t_7 m2e_1 h17_7 ff3_7 fsb_7 fc0_7 sc0_7 ls2_7 ws89_1 gsf6_1\"> 1</div><div class=\"t_7 m2d_1 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls4d_5 ws88_1 gsf7_1\"> des pla<span class=\"__7 _355\"></span>ns d\u2019<span class=\"__7 _358\"></span>option<span class=\"__7 _355\"></span>s sur action<span class=\"__7 _355\"></span>s Sofina. Ce<span class=\"__7 _355\"></span>s options </div><div class=\"t_7 m2d_1 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls4d_5 ws8a_1 gsf8_1\">son<span class=\"__7 _355\"></span>t exer<span class=\"__7 _355\"></span>\u00e7ables a<span class=\"__7 _355\"></span>u plus t\u00f4<span class=\"__7 _355\"></span>t le 1<span class=\"__7 _357\"> </span></div><div class=\"t_7 m2e_1 h17_7 ff3_7 fsb_7 fc0_7 sc0_7 ls4e_5 ws8b_1 gsf9_1\">er</div><div class=\"t_7 m2d_1 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls4d_5 ws8a_1 gsfa_1\"> janvi<span class=\"__7 _355\"></span>er de la quatri<span class=\"__7 _355\"></span>\u00e8me ann\u00e9e civile qui suit celle a<span class=\"__7 _355\"></span>u cours de l<span class=\"__7 _355\"></span>aquelle l\u2019<span class=\"__7 _361\"></span>offre </div><div class=\"t_7 m2d_1 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls4d_5 ws0_7 gsfb_1\">a eu lie<span class=\"__7 _355\"></span>u, et au plu<span class=\"__7 _355\"></span>s tar<span class=\"__7 _355\"></span>d jus<span class=\"__7 _355\"></span>qu\u2019<span class=\"__7 _355\"></span>\u00e0 la veille du dixi<span class=\"__7 _355\"></span>\u00e8me anniver<span class=\"__7 _355\"></span>saire du j<span class=\"__7 _355\"></span>our de l\u2019<span class=\"__7 _361\"></span>offre<span class=\"__7 _355\"></span>.<span class=\"__7 _359\"></span> </div><div class=\"t_7 m2d_1 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls4d_5 ws0_7 gsfc_1\">L<span class=\"__7 _355\"></span>e mode de r\u00e8glem<span class=\"__7 _355\"></span>ent des pla<span class=\"__7 _355\"></span>ns d\u2019<span class=\"__7 _358\"></span>option<span class=\"__7 _355\"></span>s se fait uniquemen<span class=\"__7 _355\"></span>t en action<span class=\"__7 _355\"></span>s Sofina e<span class=\"__7 _355\"></span>xistan<span class=\"__7 _355\"></span>tes<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m2d_1 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls4d_5 ws8c_1 gsfd_1\">La Soci\u00e9t<span class=\"__7 _355\"></span>\u00e9 veille \u00e0 tout m<span class=\"__7 _355\"></span>oment \u00e0 d\u00e9t<span class=\"__7 _355\"></span>enir le nombr<span class=\"__7 _355\"></span>e d\u2019<span class=\"__7 _355\"></span>action<span class=\"__7 _355\"></span>s propre<span class=\"__7 _355\"></span>s n\u00e9ces<span class=\"__7 _355\"></span>saire pour co<span class=\"__7 _355\"></span>uvrir les diff\u00e9ren<span class=\"__7 _355\"></span>ts </div><div class=\"t_7 m2d_1 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls4d_5 ws0_7 gsfe_1\">plan<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _361\"></span>option<span class=\"__7 _355\"></span>s.<span class=\"__7 _357\"> </span></div><div class=\"gsff_1\"><table class=\"s_2 w260_1 h40\" id=\"_f5a44f98-37c4-4f0e-ab53-b9c197b580dd\"><tr><td class=\"c_2 n_2 x84_5 y467_2 w261_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">OPTIONS A<span class=\"__7 _361\"></span>T<span class=\"__7 _359\"></span>T<span class=\"__7 _359\"></span>RIBU\u00c9ES<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2fc_1 y467_2 w262_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE</div></td><td class=\"t_7 m2_7 x2fd_1 h4_7 y468_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">PRIX D'EXERCICE MOYEN </td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2fe_1 h4_7 y469_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">PON<span class=\"__7 _355\"></span>D\u00c9R\u00c9 (EN EU<span class=\"__7 _355\"></span>R)<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x84_5 y46a_2 w263_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Ex<span class=\"__7 _355\"></span>er\u00e7ables au 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>4<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ff_1 y46a_2 w264_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">39<span class=\"__7 _355\"></span>1.500<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x300_1 y46a_2 w265_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">196,<span class=\"__7 _355\"></span>06<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y46b_2 w266_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">En cir<span class=\"__7 _355\"></span>culation a<span class=\"__7 _355\"></span>u 01/<span class=\"__7 _355\"></span>0<span class=\"__7 _355\"></span>1/2<span class=\"__7 _355\"></span>025<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x301_1 y46b_2 w267_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">990.34<span class=\"__7 _355\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x302_1 y46b_2 w268_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>36,50<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y46c_2 w269_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Attribu\u00e9es</div><div class=\"t_7 m2_7 x303_1 hf_7 y377_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">2<span class=\"__7 _357\"> </span></div><div class=\"t_7 m2_7 x304_1 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">dur<span class=\"__7 _355\"></span>ant l\u2019<span class=\"__7 _358\"></span>ex<span class=\"__7 _355\"></span>ercice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x305_1 y46c_2 w26a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">190<span class=\"__7 _355\"></span>.605<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x306_1 y46c_2 wc5_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">219<span class=\"__7 _355\"></span>,61<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y46d_2 w26b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Exer<span class=\"__7 _355\"></span>c\u00e9es du<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>t l\u2019<span class=\"__7 _361\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x307_1 y46d_2 w26c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-36.<span class=\"__7 _361\"></span>705<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x308_1 y46d_2 w26d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">158,<span class=\"__7 _361\"></span>15<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y46e_2 w26e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Ren<span class=\"__7 _355\"></span>onc\u00e9es du<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>t l\u2019<span class=\"__7 _361\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x309_1 y46e_2 w19_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x30a_1 y46e_2 w26f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">0,00<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y46f_2 w270_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Expir<span class=\"__7 _355\"></span>\u00e9es dur<span class=\"__7 _355\"></span>ant l\u2019<span class=\"__7 _358\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x30b_1 y46f_2 w271_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-10.<span class=\"__7 _355\"></span>500<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x30c_1 y46f_2 w157_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">342,40<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y470_2 w272_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">En cir<span class=\"__7 _355\"></span>culation a<span class=\"__7 _355\"></span>u 31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x30d_1 y470_2 w76_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _355\"></span>133.<span class=\"__7 _361\"></span>7<span class=\"__7 _361\"></span>41<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x30e_1 y470_2 w16e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">222,<span class=\"__7 _361\"></span>15<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w273_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Ex<span class=\"__7 _355\"></span>er\u00e7ables au 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _355\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x30f_1 y35f_3 w274_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">50<span class=\"__7 _361\"></span>7<span class=\"__7 _361\"></span>.845<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x310_1 y35f_3 w275_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>54,35<span class=\"__7 _357\"> </span></div></td></tr></table></div><div class=\"t_7 m2f_1 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls4f_5 ws8d_1 gs100_1\">L<span class=\"__7 _355\"></span>e prix moyen pond\u00e9r<span class=\"__7 _355\"></span>\u00e9 des acti<span class=\"__7 _355\"></span>ons, \u00e0 la d<span class=\"__7 _355\"></span>ate d\u2019<span class=\"__7 _358\"></span>ex<span class=\"__7 _355\"></span>ercice de<span class=\"__7 _355\"></span>s options e<span class=\"__7 _355\"></span>xer<span class=\"__7 _355\"></span>c\u00e9es du<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>t l\u2019<span class=\"__7 _355\"></span>ann\u00e9e<span class=\"__7 _355\"></span>, est de 260<span class=\"__7 _355\"></span>,36 EUR.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m2d_1 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls4d_5 ws8e_1 gs101_1\">La fo<span class=\"__7 _355\"></span>urche<span class=\"__7 _355\"></span>tte de prix d\u2019<span class=\"__7 _358\"></span>exer<span class=\"__7 _355\"></span>cice des 1.<span class=\"__7 _358\"></span>133.<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>41 op<span class=\"__7 _355\"></span>tions en cir<span class=\"__7 _355\"></span>culati<span class=\"__7 _355\"></span>on au 31 d\u00e9c<span class=\"__7 _355\"></span>embre 2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>5 est de 12<span class=\"__7 _355\"></span>7<span class=\"__7 _358\"></span>,38 EUR </div><div class=\"t_7 m2d_1 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls4d_5 ws8f_1 gs102_1\">\u00e0 383<span class=\"__7 _355\"></span>,21 EUR (v<span class=\"__7 _355\"></span>oir tablea<span class=\"__7 _355\"></span>u ci-dessou<span class=\"__7 _355\"></span>s) et la dur<span class=\"__7 _355\"></span>\u00e9e de vie con<span class=\"__7 _355\"></span>tract<span class=\"__7 _355\"></span>uelle r\u00e9sid<span class=\"__7 _355\"></span>uelle moyenne pon<span class=\"__7 _355\"></span>d\u00e9r\u00e9e es<span class=\"__7 _355\"></span>t de<span class=\"__7 _359\"></span> </div><div class=\"t_7 m2d_1 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls4d_5 ws0_7 gs103_1\">six ann\u00e9e<span class=\"__7 _355\"></span>s av<span class=\"__7 _355\"></span>ec une fou<span class=\"__7 _355\"></span>rche<span class=\"__7 _355\"></span>tte d\u2019<span class=\"__7 _361\"></span>ex<span class=\"__7 _355\"></span>ercic<span class=\"__7 _355\"></span>e des option<span class=\"__7 _355\"></span>s alla<span class=\"__7 _355\"></span>nt de z\u00e9r<span class=\"__7 _355\"></span>o \u00e0 neuf a<span class=\"__7 _355\"></span>nn\u00e9es.<span class=\"__7 _357\"> </span></div><div class=\"gs104_1\"><table class=\"s_2 w276_1 h41\" id=\"_af308686-e117-49a8-bfd1-b8c5732e6c9d\"><tr><td class=\"t_7 m2_7 x27b_1 h4_7 y471_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">FO<span class=\"__7 _355\"></span>URCHETTE DE P<span class=\"__7 _355\"></span>RIX D'EXE<span class=\"__7 _355\"></span>RCIC<span class=\"__7 _355\"></span>E DE<span class=\"__7 _355\"></span>S OPTION<span class=\"__7 _355\"></span>S </td><td></td><td class=\"t_7 m2_7 x311_1 h4_7 y472_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x2a0_1 h4_7 y471_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">PRIX D'EXERCICE MOYEN </td></tr><tr><td class=\"t_7 m2_7 x27b_1 h4_7 y473_2 ff2_7 fs3_7 fc2_7 sc0_7 ls17_7 ws1b_7\">AT<span class=\"__7 _364\"></span>T<span class=\"__7 _356\"></span>R<span class=\"__7 _356\"></span>I<span class=\"__7 _356\"></span>B<span class=\"__7 _356\"></span>U<span class=\"__7 _364\"></span>\u00c9<span class=\"__7 _356\"></span>E<span class=\"__7 _359\"></span>S<span class=\"__7 _357\"> </span></td><td></td><td></td><td class=\"t_7 m2_7 x312_1 h4_7 y473_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">PON<span class=\"__7 _355\"></span>D\u00c9R\u00c9 (EN EU<span class=\"__7 _355\"></span>R)<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x84_5 y474_2 w277_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">10<span class=\"__7 _355\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x313_1 y474_2 w278_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">EUR \u00e0 150 EUR<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x314_1 y474_2 w279_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">44.550<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x315_1 y474_2 w27a_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">12<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>,38<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f5_3 w27b_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">15<span class=\"__7 _355\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x316_1 y3f5_3 w27c_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">EUR \u00e0 200 EU<span class=\"__7 _355\"></span>R<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x317_1 y3f5_3 w27d_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">384.2<span class=\"__7 _355\"></span>36<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x318_1 y3f5_3 w27e_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls29_7 ws4c_5\">18<span class=\"__7 _359\"></span>9,9<span class=\"__7 _359\"></span>2<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f0_3 w27f_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">2<span class=\"__7 _355\"></span>00<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x319_1 y3f0_3 w280_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">EUR \u00e0 250 EUR<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x31a_1 y3f0_3 w281_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5<span class=\"__7 _355\"></span>15.905<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x31b_1 y3f0_3 w282_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">219<span class=\"__7 _355\"></span>,84<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y397_3 w283_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">350<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x31c_1 y397_3 w284_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">EUR \u00e0 400 EUR<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x31d_1 y397_3 w175_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">189<span class=\"__7 _361\"></span>.050<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x31e_1 y397_3 w285_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">38<span class=\"__7 _355\"></span>3,21<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w286_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">Option<span class=\"__7 _355\"></span>s en circula<span class=\"__7 _355\"></span>tion au 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _355\"></span>025<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x31f_1 y35f_3 w76_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _361\"></span>133.<span class=\"__7 _361\"></span>7<span class=\"__7 _355\"></span>41<span class=\"__7 _357\"> </span></div></td><td></td></tr></table></div><div class=\"t_7 m4_7 h2_7 ff2_7 fs1_7 fc3_7 sc0_7 ls2_7 ws0_7 gs105_1\">Ca<span class=\"__7 _355\"></span>lcul de la v<span class=\"__7 _355\"></span>aleur<span class=\"__7 _357\"> </span></div><div class=\"t_7 m30_1 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls4d_5 ws90_1 gs106_1\">Prix m<span class=\"__7 _355\"></span>oyen pond\u00e9r<span class=\"__7 _355\"></span>\u00e9 des opti<span class=\"__7 _355\"></span>ons attrib<span class=\"__7 _355\"></span>u\u00e9es</div><div class=\"t_7 m31_1 h17_7 ff3_7 fsb_7 fc0_7 sc0_7 ls2_7 ws91_1 gs107_1\"> 2</div><div class=\"t_7 m30_1 h18_7 ff4_7 fsa_7 fc0_7 sc0_7 ls4d_5 ws35_5 gs108_1\"> <span class=\"__7 _361\"></span>en <span class=\"__7 _361\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 gs109_1\"> </span><span class=\"__7 _361\"></span>: <span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>4,<span class=\"__7 _355\"></span>75 <span class=\"__7 _361\"></span>EUR. <span class=\"__7 _361\"></span>Le <span class=\"__7 _358\"></span>mod\u00e8le <span class=\"__7 _361\"></span>d\u2019<span class=\"__7 _361\"></span>\u00e9va<span class=\"__7 _355\"></span>lua<span class=\"__7 _355\"></span>tion <span class=\"__7 _361\"></span>utilis\u00e9 <span class=\"__7 _361\"></span>est <span class=\"__7 _361\"></span>le <span class=\"__7 _361\"></span>mod\u00e8le </div><div class=\"t_7 m2d_1 h18_7 ff4_7 fsa_7 fc0_7 sc0_7 ls4d_5 ws35_5 gs10a_1\">Blac<span class=\"__7 _355\"></span>k-Scholes. <span class=\"__7 _355\"></span>L<span class=\"__7 _355\"></span>es mo<span class=\"__7 _355\"></span>yennes <span class=\"__7 _355\"></span>pond\u00e9r\u00e9e<span class=\"__7 _355\"></span>s des <span class=\"__7 _355\"></span>principaux <span class=\"__7 _355\"></span>para<span class=\"__7 _355\"></span>m\u00e8tre<span class=\"__7 _355\"></span>s utilis\u00e9<span class=\"__7 _355\"></span>s pour <span class=\"__7 _355\"></span>les c<span class=\"__7 _355\"></span>alculs <span class=\"__7 _355\"></span>sont<span class=\"__7 gs109_1\"> </span>:<span class=\"__7 _357\"> </span></div><div class=\"gs10b_1\"><table class=\"s_2 w287_1 h42\" id=\"_bf080061-7392-46a7-b319-7ee28590bf99\"><tr><td></td><td class=\"t_7 m2_7 x320_1 h4_7 y475_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">PRIX DE L<span class=\"__7 _359\"></span>'<span class=\"__7 _355\"></span>ACTION </td><td class=\"t_7 m2_7 x321_1 h4_7 y475_2 ff2_7 fs3_7 fc2_7 sc0_7 ls24_7 ws36_5\">RENDEMEN<span class=\"__7 _359\"></span>T </td><td class=\"t_7 m2_7 x322_1 h4_7 y475_2 ff2_7 fs3_7 fc2_7 sc0_7 ls17_7 ws1b_7\">TA<span class=\"__7 _356\"></span>U<span class=\"__7 _356\"></span>X<span class=\"__7 _356\"></span> </td><td class=\"t_7 m2_7 x15e_1 h4_7 y476_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">V<span class=\"__7 _355\"></span>OLA<span class=\"__7 _361\"></span>TILIT\u00c9<span class=\"__7 _355\"></span> </td><td class=\"t_7 m2_7 x323_1 h4_7 y475_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">MA<span class=\"__7 _358\"></span>TURIT\u00c9 DE </td></tr><tr><td class=\"t_7 m2_7 x27b_1 h4_7 y477_2 ff2_7 fs3_7 fc2_7 sc0_7 ls50_5 ws92_1\">EXE<span class=\"__7 _359\"></span>RCICE<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x324_1 h4_7 y477_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">SO<span class=\"__7 _355\"></span>US-J<span class=\"__7 _355\"></span>AC<span class=\"__7 _355\"></span>ENTE (EN </td><td class=\"t_7 m2_7 x325_1 h4_7 y477_2 ff2_7 fs3_7 fc2_7 sc0_7 ls40_5 ws50_5\">SUR LE </td><td class=\"t_7 m2_7 x326_1 h4_7 y477_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">D'INT\u00c9<span class=\"__7 _355\"></span>R\u00caT </td><td class=\"t_7 m2_7 x327_1 h4_7 y478_2 ff2_7 fs3_7 fc2_7 sc0_7 ls2_7 ws0_7\">A<span class=\"__7 _361\"></span>T<span class=\"__7 _359\"></span>TENDUE </td><td class=\"t_7 m2_7 x15b_1 h4_7 y477_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">L'OPTION<span class=\"ls2_7 ws0_7\"> </span></td></tr><tr><td></td><td class=\"t_7 m2_7 x328_1 h4_7 y479_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">EUR)<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x158_1 h4_7 y479_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">DIVIDENDE </td><td class=\"t_7 m2_7 x329_1 h4_7 y479_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">SANS RISQUE</td><td></td><td class=\"t_7 m2_7 x323_1 h4_7 y479_2 ff2_7 fs3_7 fc2_7 sc0_7 ls24_7 ws38_5\"> (EN A<span class=\"__7 _359\"></span>NN\u00c9ES)<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x32a_1 y35f_3 w288_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls38_6 ws5f_5\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x32b_1 y35f_3 w289_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>19,<span class=\"__7 _355\"></span>61<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x32c_1 y35f_3 w28a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,44%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x32d_1 y35f_3 w28b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2,8<span class=\"__7 _355\"></span>3%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x32e_1 y35f_3 w28c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>,63%</div></td><td class=\"c_2 n_2 x32f_1 y35f_3 w28d_1 h43\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>6,<span class=\"__7 _355\"></span>6\ue064\ue064\ue064<span class=\"__7 _357\"> </span></div></td></tr></table></div><div class=\"t_7 m2d_1 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls4d_5 ws93_1 gs10c_1\">La vola<span class=\"__7 _355\"></span>tilit\u00e9 a \u00e9t<span class=\"__7 _355\"></span>\u00e9 calcul\u00e9e sur l<span class=\"__7 _355\"></span>a base des mo<span class=\"__7 _355\"></span>uvemen<span class=\"__7 _355\"></span>ts histori<span class=\"__7 _355\"></span>ques du co<span class=\"__7 _355\"></span>urs de l\u2019<span class=\"__7 _361\"></span>action Sofina a<span class=\"__7 _355\"></span>u cours de<span class=\"__7 _355\"></span>s<span class=\"__7 _359\"></span> </div><div class=\"t_7 m2d_1 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls4d_5 ws0_7 gs10d_1\">6,<span class=\"__7 _355\"></span>5 derni\u00e8re<span class=\"__7 _355\"></span>s ann\u00e9es (c<span class=\"__7 _355\"></span>e qui corre<span class=\"__7 _355\"></span>spond \u00e0 la dur<span class=\"__7 _355\"></span>\u00e9e moyenne de<span class=\"__7 _355\"></span>s plan<span class=\"__7 _355\"></span>s).<span class=\"__7 _359\"></span> </div><div class=\"t_7 m4_7 h2_7 ff2_7 fs1_7 fc3_7 sc0_7 ls2_7 ws0_7 gs10e_1\">Effet sur le r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div><div class=\"t_7 m32_1 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls51_5 ws90_1 gs10f_1\">La cha<span class=\"__7 _355\"></span>rge de 20<span class=\"__7 _355\"></span>25 en r<span class=\"__7 _355\"></span>elation a<span class=\"__7 _355\"></span>vec les pl<span class=\"__7 _355\"></span>ans d\u2019<span class=\"__7 _358\"></span>option<span class=\"__7 _355\"></span>s sur action<span class=\"__7 _355\"></span>s s\u2019<span class=\"__7 _361\"></span>\u00e9l\u00e8ve \u00e0 12.2<span class=\"__7 _355\"></span>53 millier<span class=\"__7 _355\"></span>s EUR (10.343 millier<span class=\"__7 _355\"></span>s<span class=\"__7 _359\"></span><span class=\"ls2_7 ws0_7\"> </span></div><div class=\"t_7 m2d_1 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls4d_5 ws0_7 gs110_1\">EUR en 2<span class=\"__7 _355\"></span>02<span class=\"__7 _361\"></span>4).<span class=\"__7 _357\"> </span></div><div class=\"t_7 ma_5 h13_7 ffb_2 fs8_7 fc4_7 sc0_7 ls1f_7 ws5e_5 gs11e_1\">1<span class=\"__7 gs79_1\"> </span><span class=\"__7 _365\"> </span>Sal<span class=\"__7 _355\"></span>ari\u00e9s<span class=\"__7 gs79_1\"> </span>et<span class=\"__7 gs79_1\"> </span>Chief<span class=\"__7 gs79_1\"> </span>Ex<span class=\"__7 _355\"></span>ecutive<span class=\"__7 gs79_1\"> </span>Officer<span class=\"__7 _361\"></span>.</div><div class=\"t_7 ma_5 h13_7 ffb_2 fs8_7 fc4_7 sc0_7 ls1f_7 ws5e_5 gs11f_1\">2<span class=\"__7 gs79_1\"> </span> Da<span class=\"__7 _355\"></span>te<span class=\"__7 gs79_1\"> </span>effectiv<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>apr\u00e8s<span class=\"__7 gs79_1\"> </span>les<span class=\"__7 gs79_1\"> </span>60<span class=\"__7 gs79_1\"> </span>j<span class=\"__7 _355\"></span>ours<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>la<span class=\"__7 gs79_1\"> </span>p\u00e9riode<span class=\"__7 gs79_1\"> </span>d\u2019<span class=\"__7 _361\"></span>accepta<span class=\"__7 _355\"></span>tion.<span class=\"__7 gs79_1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-284": {
   "value": "<div class=\"t_7 m1_7 h2_7 ff2_7 fs1_7 fc1_7 sc0_7 ls1_7 ws0_7 gs6d_1\">3.<span class=\"__7 _358\"></span>7 DET<span class=\"__7 _359\"></span>TE<span class=\"__7 _355\"></span>S FIN<span class=\"__7 _355\"></span>ANC<span class=\"__7 _355\"></span>I\u00c8R<span class=\"__7 _355\"></span>ES</div><div class=\"gs6e_1\"><table class=\"s_2 wf7_2 h2d_3\" id=\"_f1ac02f4-d928-4bb7-b8be-84799e7fb77c\"><tr><td></td><td></td><td></td><td class=\"t_7 m2_7 x1b0_1 h3_7 y3c0_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws0_7\"> <span class=\"__7 _b0_2\"> </span><span class=\"ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></span></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x1b1_1 y3c1_3 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1b2_1 y3c1_3 w3_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35c_3 wf8_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Empru<span class=\"__7 _355\"></span>nts obliga<span class=\"__7 _355\"></span>taires<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x1b3_1 y35c_3 w5b_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.2<span class=\"__7 _355\"></span>93.438<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1b4_1 y35c_3 w9a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1c_7 ws21_7\">6<span class=\"__7 _356\"></span>9<span class=\"__7 _356\"></span>7.<span class=\"__7 _356\"></span>0<span class=\"__7 _359\"></span>74<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3c2_3 wf9_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s financi\u00e8r<span class=\"__7 _355\"></span>es non cour<span class=\"__7 _355\"></span>ante<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x1b5_1 y3c2_3 wfa_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">1.2<span class=\"__7 _355\"></span>93.438<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1b6_1 y3c2_3 wfb_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls1c_7 ws21_7\">6<span class=\"__7 _364\"></span>9<span class=\"__7 _359\"></span>7.<span class=\"__7 _356\"></span>0<span class=\"__7 _356\"></span>74<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35e_3 wfc_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Empru<span class=\"__7 _355\"></span>nts ba<span class=\"__7 _355\"></span>ncaire<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x1b7_1 y35e_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1b8_1 y35e_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y388_4 wfd_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s financi\u00e8r<span class=\"__7 _355\"></span>es cou<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>tes</div><div class=\"t_7 m2_7 x1b9_1 hf_7 y377_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">3<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x1ba_1 y388_4 w60_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5.2<span class=\"__7 _355\"></span>71<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1bb_1 y388_4 w61_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.268<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 wfe_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s financi\u00e8r<span class=\"__7 _355\"></span>es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1bc_1 y35f_3 wff_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">coura<span class=\"__7 _355\"></span>nte<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1bd_1 y35f_3 w100_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">5.2<span class=\"__7 _355\"></span>71<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1be_1 y35f_3 w101_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">2.268<span class=\"__7 _357\"> </span></div></td></tr></table></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs6f_1\">L<span class=\"__7 _355\"></span>es d\u00e9tail<span class=\"__7 _355\"></span>s des emprun<span class=\"__7 _355\"></span>ts obligat<span class=\"__7 _355\"></span>aires \u00e9mis s<span class=\"__7 _355\"></span>ont les suiv<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>ts:<span class=\"__7 _357\"> </span></div><div class=\"gs70_1\"><table class=\"s_2 w102_2 h2e_3\" id=\"_869419fc-f045-48b5-8d77-f45010908f87\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x1bf_1 h3_7 y3c3_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"t_7 m2_7 x183_1 h4_7 y3c4_3 ff2_7 fs3_7 fc2_7 sc0_7 ls17_7 ws1b_7\">D<span class=\"__7 _359\"></span>AT<span class=\"__7 _364\"></span>E<span class=\"__7 _356\"></span> </td><td class=\"t_7 m2_7 x1c0_1 h4_7 y3c4_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">D<span class=\"__7 _355\"></span>A<span class=\"__7 _361\"></span>TE DE </td><td class=\"t_7 m2_7 x1c1_1 h4_7 y3c4_3 ff2_7 fs3_7 fc2_7 sc0_7 ls17_7 ws1b_7\">TA<span class=\"__7 _356\"></span>U<span class=\"__7 _356\"></span>X<span class=\"__7 _356\"></span> </td><td></td><td class=\"t_7 m2_7 x1c2_1 h4_7 y3c4_3 ff2_7 fs3_7 fc2_7 sc0_7 ls16_7 ws1a_7\">VA<span class=\"__7 _359\"></span>L<span class=\"__7 _359\"></span>E<span class=\"__7 _356\"></span>U<span class=\"__7 _359\"></span>R<span class=\"__7 _356\"></span> </td><td class=\"t_7 m2_7 x1c3_1 h4_7 y3c5_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">CO<span class=\"__7 _355\"></span>T\u00c9/<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x183_1 h4_7 y3c6_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">D\u2019\u00c9MISSION<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x1c4_1 h4_7 y3c6_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">MA<span class=\"__7 _358\"></span>TURIT\u00c9<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x1c5_1 h4_7 y3c6_3 ff2_7 fs3_7 fc2_7 sc0_7 ls2_7 ws0_7\">D\u2019INT\u00c9R\u00caTS </td><td class=\"t_7 m2_7 x1c6_1 h4_7 y3c7_3 ff2_7 fs3_7 fc2_7 sc0_7 ls2_7 ws0_7\">RA<span class=\"__7 _361\"></span>TING </td><td class=\"t_7 m2_7 x1c7_1 h4_7 y3c6_3 ff2_7 fs3_7 fc2_7 sc0_7 ls24_7 ws36_5\">NOMINALE<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x1c8_1 h4_7 y3c7_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NON </td><td class=\"c_2 n_2 x1c9_1 y3c8_3 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ca_1 y3c8_3 w103_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>4<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x1cb_1 h4_7 y3c9_3 ff2_7 fs3_7 fc2_7 sc0_7 ls19_7 ws58_5\">COT<span class=\"__7 _359\"></span>\u00c9<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y35e_3 w104_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls34_7 ws59_5\">23/0<span class=\"__7 _359\"></span>9/<span class=\"__7 _359\"></span>202<span class=\"__7 _359\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1cc_1 y35e_3 w105_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls34_7 ws59_5\">23/0<span class=\"__7 _359\"></span>9/<span class=\"__7 _359\"></span>2028<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1cd_1 y35e_3 w106_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,000%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ce_1 y35e_3 w107_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls35_6 ws5a_5\">N<span class=\"__7 _b6_2\"> </span>/A<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1cf_1 y35e_3 w108_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">700<span class=\"__7 _355\"></span>.000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d0_1 y35e_3 w109_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">Cot\u00e9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d1_1 y35e_3 w10a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">69<span class=\"__7 _355\"></span>7<span class=\"__7 _358\"></span>.857<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d2_1 y35e_3 w9a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1c_7 ws21_7\">6<span class=\"__7 _356\"></span>9<span class=\"__7 _359\"></span>7.<span class=\"__7 _356\"></span>0<span class=\"__7 _356\"></span>74<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38d_3 w10b_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">13/11/<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>025<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d3_1 y38d_3 w10c_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">13/11/<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>033<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d4_1 y38d_3 w10d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">3<span class=\"__7 _359\"></span>,707<span class=\"__7 _359\"></span>%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d5_1 y38d_3 w10e_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls36_6 ws5b_5\">A-<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d6_1 y38d_3 w10f_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">600.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d7_1 y38d_3 w110_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">Cot\u00e9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d8_1 y38d_3 w111_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls36_6 ws5b_5\">595.581<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d9_1 y38d_3 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c_2 n_2 x1da_1 y35f_3 w112_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">1.300<span class=\"__7 _355\"></span>.000<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x1db_1 y35f_3 w113_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">1.2<span class=\"__7 _355\"></span>93.438<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1dc_1 y35f_3 w114_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls1c_7 ws21_7\">6<span class=\"__7 _356\"></span>9<span class=\"__7 _356\"></span>7.<span class=\"__7 _356\"></span>0<span class=\"__7 _359\"></span>74<span class=\"__7 _357\"> </span></div></td></tr></table></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws5c_5 gs71_1\">L<span class=\"__7 _355\"></span>e 13 nov<span class=\"__7 _355\"></span>embre 2<span class=\"__7 _361\"></span>025<span class=\"__7 _355\"></span>, Sofina a \u00e9mis des obliga<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s senior non gar<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>ties pour un m<span class=\"__7 _355\"></span>onta<span class=\"__7 _355\"></span>nt </div><div class=\"t_7 m1_7 h8_7 ff4_7 fs5_7 fc0_7 sc0_7 ls9_7 ws2c_7 gs72_1\">nomina<span class=\"__7 _355\"></span>l de <span class=\"__7 _359\"></span>600\u202fmillion<span class=\"__7 _355\"></span>s EUR, <span class=\"__7 _359\"></span>arriv<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>t <span class=\"__7 _359\"></span>\u00e0 \u00e9ch\u00e9a<span class=\"__7 _355\"></span>nce en 20<span class=\"__7 _355\"></span>33. </div><div class=\"t_7 m12_3 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls1e_7 ws27_7 gs73_1\">L<span class=\"__7 _355\"></span>e 2<span class=\"__7 _355\"></span>4 sept<span class=\"__7 _355\"></span>embre 2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>5, S&amp;P a attrib<span class=\"__7 _355\"></span>u\u00e9 \u00e0 Sofina une no<span class=\"__7 _355\"></span>tation de c<span class=\"__7 _355\"></span>r\u00e9dit \u00e9me<span class=\"__7 _355\"></span>tteur de long t<span class=\"__7 _355\"></span>erme </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs74_1\">de ca<span class=\"__7 _355\"></span>t\u00e9gorie qua<span class=\"__7 _355\"></span>lit\u00e9 d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t \u00ab A- \u00bb, as<span class=\"__7 _355\"></span>sortie d\u2019une perspec<span class=\"__7 _355\"></span>tive stable<span class=\"__7 _355\"></span>. </div><div class=\"t_7 m13_3 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls37_6 ws5d_5 gs75_1\">La ju<span class=\"__7 _355\"></span>ste v<span class=\"__7 _355\"></span>aleur cu<span class=\"__7 _355\"></span>mul\u00e9e des obliga<span class=\"__7 _355\"></span>tions s\u2019<span class=\"__7 _358\"></span>\u00e9l\u00e8v<span class=\"__7 _355\"></span>e \u00e0 1.258 million<span class=\"__7 _355\"></span>s EUR au 3<span class=\"__7 _355\"></span>1 d\u00e9cembr<span class=\"__7 _355\"></span>e </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs76_1\">2<span class=\"__7 _355\"></span>025 (634 milli<span class=\"__7 _355\"></span>ons EUR a<span class=\"__7 _355\"></span>u 31 d\u00e9cembr<span class=\"__7 _355\"></span>e 2<span class=\"__7 _355\"></span>02<span class=\"__7 _361\"></span>4).<span class=\"__7 _357\"> </span><span class=\"__7 _2e_4\"> </span> </div>3.8 F<span class=\"__7 _361\"></span>OURNI<span class=\"__7 _355\"></span>SSEU<span class=\"__7 _355\"></span>RS ET A<span class=\"__7 _355\"></span>UTRE<span class=\"__7 _355\"></span>S CR<span class=\"__7 _355\"></span>\u00c9DITEUR<span class=\"__7 _361\"></span>S COURA<span class=\"__7 _355\"></span>NTS<span class=\"__7 _357\"> </span><table class=\"s_2 w162_1 h32_3\" id=\"_ed62c5da-ca3b-4a35-bca0-aaf57ff3a30a\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y3f1_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x143_2 y3f2_3 w2_2 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x144_2 y3f2_3 w3_2 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f3_3 w163_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s fournis<span class=\"__7 _355\"></span>seurs<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x218_1 y3f3_3 w164_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3.<span class=\"__7 _355\"></span>365</div></td><td class=\"c_2 n_2 x219_1 y3f3_3 w165_1 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>2.<span class=\"__7 _355\"></span>768\ue064\ue064\ue064<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f4_3 w166_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s salari<span class=\"__7 _355\"></span>ales et socia<span class=\"__7 _355\"></span>les<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x21a_1 y3f4_3 w167_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">13.2<span class=\"__7 _355\"></span>93</div></td><td class=\"c_2 n_2 x21b_1 y3f4_3 w168_1 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>10.662<span class=\"__7 _355\"></span><span class=\"__7 gs7e_1\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f5_3 w169_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es dette<span class=\"__7 _355\"></span>s diverse<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x21c_1 y3f5_3 w16a_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">449</div></td><td class=\"c_2 n_2 x21d_1 y3f5_3 w16b_1 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>5<span class=\"__7 _355\"></span>93\ue064\ue064\ue064<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f0_3 w16c_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dividende<span class=\"__7 _355\"></span>s rela<span class=\"__7 _355\"></span>tifs aux exer<span class=\"__7 _355\"></span>cices a<span class=\"__7 _355\"></span>nt\u00e9ri<span class=\"__7 _355\"></span>eurs<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x21e_1 y3f0_3 w16d_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">863</div></td><td class=\"c_2 n_2 x21f_1 y3f0_3 w16e_1 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>862\ue064\ue064\ue064<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y397_3 w16f_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>ax<span class=\"__7 _355\"></span>es et imp\u00f4<span class=\"__7 _355\"></span>ts divers</div></td><td class=\"c_2 n_2 x220_1 y397_3 w170_1 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>823\ue064\ue064\ue064</div></td><td class=\"c_2 n_2 x221_1 y397_3 w171_1 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>388\ue064\ue064\ue064<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w172_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">F<span class=\"__7 _355\"></span>ournisse<span class=\"__7 _355\"></span>urs et autr<span class=\"__7 _355\"></span>es cr<span class=\"__7 _355\"></span>\u00e9diteur<span class=\"__7 _355\"></span>s coura<span class=\"__7 _355\"></span>nts<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x222_1 y35f_3 w173_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls1b_7 ws4f_5\">18.79<span class=\"__7 _355\"></span>3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x223_1 y35f_3 w174_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls38_6 ws5f_5\">15<span class=\"__7 _359\"></span>.<span class=\"__7 _359\"></span>273<span class=\"__7 _357\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-285": {
   "value": "3.<span class=\"__7 _358\"></span>7 DET<span class=\"__7 _359\"></span>TE<span class=\"__7 _355\"></span>S FIN<span class=\"__7 _355\"></span>ANC<span class=\"__7 _355\"></span>I\u00c8R<span class=\"__7 _355\"></span>ES<table class=\"s_2 wf7_2 h2d_3\" id=\"_f1ac02f4-d928-4bb7-b8be-84799e7fb77c\"><tr><td></td><td></td><td></td><td class=\"t_7 m2_7 x1b0_1 h3_7 y3c0_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws0_7\"> <span class=\"__7 _b0_2\"> </span><span class=\"ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></span></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x1b1_1 y3c1_3 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1b2_1 y3c1_3 w3_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35c_3 wf8_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Empru<span class=\"__7 _355\"></span>nts obliga<span class=\"__7 _355\"></span>taires<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x1b3_1 y35c_3 w5b_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.2<span class=\"__7 _355\"></span>93.438<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1b4_1 y35c_3 w9a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1c_7 ws21_7\">6<span class=\"__7 _356\"></span>9<span class=\"__7 _356\"></span>7.<span class=\"__7 _356\"></span>0<span class=\"__7 _359\"></span>74<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3c2_3 wf9_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s financi\u00e8r<span class=\"__7 _355\"></span>es non cour<span class=\"__7 _355\"></span>ante<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x1b5_1 y3c2_3 wfa_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">1.2<span class=\"__7 _355\"></span>93.438<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1b6_1 y3c2_3 wfb_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls1c_7 ws21_7\">6<span class=\"__7 _364\"></span>9<span class=\"__7 _359\"></span>7.<span class=\"__7 _356\"></span>0<span class=\"__7 _356\"></span>74<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35e_3 wfc_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Empru<span class=\"__7 _355\"></span>nts ba<span class=\"__7 _355\"></span>ncaire<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x1b7_1 y35e_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1b8_1 y35e_3 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y388_4 wfd_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s financi\u00e8r<span class=\"__7 _355\"></span>es cou<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>tes</div><div class=\"t_7 m2_7 x1b9_1 hf_7 y377_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">3<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x1ba_1 y388_4 w60_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5.2<span class=\"__7 _355\"></span>71<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1bb_1 y388_4 w61_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.268<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 wfe_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s financi\u00e8r<span class=\"__7 _355\"></span>es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1bc_1 y35f_3 wff_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">coura<span class=\"__7 _355\"></span>nte<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1bd_1 y35f_3 w100_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">5.2<span class=\"__7 _355\"></span>71<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1be_1 y35f_3 w101_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">2.268<span class=\"__7 _357\"> </span></div></td></tr></table>L<span class=\"__7 _355\"></span>es d\u00e9tail<span class=\"__7 _355\"></span>s des emprun<span class=\"__7 _355\"></span>ts obligat<span class=\"__7 _355\"></span>aires \u00e9mis s<span class=\"__7 _355\"></span>ont les suiv<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>ts:<span class=\"__7 _357\"> </span><table class=\"s_2 w102_2 h2e_3\" id=\"_869419fc-f045-48b5-8d77-f45010908f87\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x1bf_1 h3_7 y3c3_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"t_7 m2_7 x183_1 h4_7 y3c4_3 ff2_7 fs3_7 fc2_7 sc0_7 ls17_7 ws1b_7\">D<span class=\"__7 _359\"></span>AT<span class=\"__7 _364\"></span>E<span class=\"__7 _356\"></span> </td><td class=\"t_7 m2_7 x1c0_1 h4_7 y3c4_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">D<span class=\"__7 _355\"></span>A<span class=\"__7 _361\"></span>TE DE </td><td class=\"t_7 m2_7 x1c1_1 h4_7 y3c4_3 ff2_7 fs3_7 fc2_7 sc0_7 ls17_7 ws1b_7\">TA<span class=\"__7 _356\"></span>U<span class=\"__7 _356\"></span>X<span class=\"__7 _356\"></span> </td><td></td><td class=\"t_7 m2_7 x1c2_1 h4_7 y3c4_3 ff2_7 fs3_7 fc2_7 sc0_7 ls16_7 ws1a_7\">VA<span class=\"__7 _359\"></span>L<span class=\"__7 _359\"></span>E<span class=\"__7 _356\"></span>U<span class=\"__7 _359\"></span>R<span class=\"__7 _356\"></span> </td><td class=\"t_7 m2_7 x1c3_1 h4_7 y3c5_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">CO<span class=\"__7 _355\"></span>T\u00c9/<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x183_1 h4_7 y3c6_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">D\u2019\u00c9MISSION<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x1c4_1 h4_7 y3c6_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">MA<span class=\"__7 _358\"></span>TURIT\u00c9<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x1c5_1 h4_7 y3c6_3 ff2_7 fs3_7 fc2_7 sc0_7 ls2_7 ws0_7\">D\u2019INT\u00c9R\u00caTS </td><td class=\"t_7 m2_7 x1c6_1 h4_7 y3c7_3 ff2_7 fs3_7 fc2_7 sc0_7 ls2_7 ws0_7\">RA<span class=\"__7 _361\"></span>TING </td><td class=\"t_7 m2_7 x1c7_1 h4_7 y3c6_3 ff2_7 fs3_7 fc2_7 sc0_7 ls24_7 ws36_5\">NOMINALE<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x1c8_1 h4_7 y3c7_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NON </td><td class=\"c_2 n_2 x1c9_1 y3c8_3 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ca_1 y3c8_3 w103_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>4<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x1cb_1 h4_7 y3c9_3 ff2_7 fs3_7 fc2_7 sc0_7 ls19_7 ws58_5\">COT<span class=\"__7 _359\"></span>\u00c9<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y35e_3 w104_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls34_7 ws59_5\">23/0<span class=\"__7 _359\"></span>9/<span class=\"__7 _359\"></span>202<span class=\"__7 _359\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1cc_1 y35e_3 w105_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls34_7 ws59_5\">23/0<span class=\"__7 _359\"></span>9/<span class=\"__7 _359\"></span>2028<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1cd_1 y35e_3 w106_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,000%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ce_1 y35e_3 w107_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls35_6 ws5a_5\">N<span class=\"__7 _b6_2\"> </span>/A<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1cf_1 y35e_3 w108_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">700<span class=\"__7 _355\"></span>.000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d0_1 y35e_3 w109_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">Cot\u00e9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d1_1 y35e_3 w10a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">69<span class=\"__7 _355\"></span>7<span class=\"__7 _358\"></span>.857<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d2_1 y35e_3 w9a_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1c_7 ws21_7\">6<span class=\"__7 _356\"></span>9<span class=\"__7 _359\"></span>7.<span class=\"__7 _356\"></span>0<span class=\"__7 _356\"></span>74<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38d_3 w10b_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">13/11/<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>025<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d3_1 y38d_3 w10c_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">13/11/<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>033<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d4_1 y38d_3 w10d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">3<span class=\"__7 _359\"></span>,707<span class=\"__7 _359\"></span>%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d5_1 y38d_3 w10e_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls36_6 ws5b_5\">A-<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d6_1 y38d_3 w10f_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">600.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d7_1 y38d_3 w110_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">Cot\u00e9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d8_1 y38d_3 w111_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls36_6 ws5b_5\">595.581<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1d9_1 y38d_3 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c_2 n_2 x1da_1 y35f_3 w112_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">1.300<span class=\"__7 _355\"></span>.000<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x1db_1 y35f_3 w113_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">1.2<span class=\"__7 _355\"></span>93.438<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1dc_1 y35f_3 w114_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls1c_7 ws21_7\">6<span class=\"__7 _356\"></span>9<span class=\"__7 _356\"></span>7.<span class=\"__7 _356\"></span>0<span class=\"__7 _359\"></span>74<span class=\"__7 _357\"> </span></div></td></tr></table>L<span class=\"__7 _355\"></span>e 13 nov<span class=\"__7 _355\"></span>embre 2<span class=\"__7 _361\"></span>025<span class=\"__7 _355\"></span>, Sofina a \u00e9mis des obliga<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s senior non gar<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>ties pour un m<span class=\"__7 _355\"></span>onta<span class=\"__7 _355\"></span>nt nomina<span class=\"__7 _355\"></span>l de <span class=\"__7 _359\"></span>600\u202fmillion<span class=\"__7 _355\"></span>s EUR, <span class=\"__7 _359\"></span>arriv<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>t <span class=\"__7 _359\"></span>\u00e0 \u00e9ch\u00e9a<span class=\"__7 _355\"></span>nce en 20<span class=\"__7 _355\"></span>33. L<span class=\"__7 _355\"></span>e 2<span class=\"__7 _355\"></span>4 sept<span class=\"__7 _355\"></span>embre 2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>5, S&amp;P a attrib<span class=\"__7 _355\"></span>u\u00e9 \u00e0 Sofina une no<span class=\"__7 _355\"></span>tation de c<span class=\"__7 _355\"></span>r\u00e9dit \u00e9me<span class=\"__7 _355\"></span>tteur de long t<span class=\"__7 _355\"></span>erme de ca<span class=\"__7 _355\"></span>t\u00e9gorie qua<span class=\"__7 _355\"></span>lit\u00e9 d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t \u00ab A- \u00bb, as<span class=\"__7 _355\"></span>sortie d\u2019une perspec<span class=\"__7 _355\"></span>tive stable<span class=\"__7 _355\"></span>. La ju<span class=\"__7 _355\"></span>ste v<span class=\"__7 _355\"></span>aleur cu<span class=\"__7 _355\"></span>mul\u00e9e des obliga<span class=\"__7 _355\"></span>tions s\u2019<span class=\"__7 _358\"></span>\u00e9l\u00e8v<span class=\"__7 _355\"></span>e \u00e0 1.258 million<span class=\"__7 _355\"></span>s EUR au 3<span class=\"__7 _355\"></span>1 d\u00e9cembr<span class=\"__7 _355\"></span>e 2<span class=\"__7 _355\"></span>025 (634 milli<span class=\"__7 _355\"></span>ons EUR a<span class=\"__7 _355\"></span>u 31 d\u00e9cembr<span class=\"__7 _355\"></span>e 2<span class=\"__7 _355\"></span>02<span class=\"__7 _361\"></span>4).<span class=\"__7 _357\"> </span>3<span class=\"__7 gs79_1\"> </span> <span class=\"__7 gs79_1\"> </span>Se<span class=\"__7 gs79_1\"> </span>compose<span class=\"__7 gs79_1\"> </span>d\u2019in<span class=\"__7 _355\"></span>t\u00e9r<span class=\"__7 _355\"></span>\u00eats<span class=\"__7 gs79_1\"> </span>courus<span class=\"__7 gs79_1\"> </span>sur<span class=\"__7 gs79_1\"> </span>l\u2019<span class=\"__7 _358\"></span>emprunt<span class=\"__7 gs79_1\"> </span>obliga<span class=\"__7 _355\"></span>taire<span class=\"__7 gs79_1\"> </span>(cf<span class=\"__7 _355\"></span>.<span class=\"__7 gs79_1\"> </span>point<span class=\"__7 gs79_1\"> </span>3<span class=\"__7 _355\"></span>.7<span class=\"__7 gs79_1\"> </span>ci-de<span class=\"__7 _355\"></span>ssus).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-286": {
   "value": "<div class=\"t_7 m1_7 h2_7 ff2_7 fs1_7 fc1_7 sc0_7 ls1_7 ws0_7 gs7c_1\">3.8 F<span class=\"__7 _361\"></span>OURNI<span class=\"__7 _355\"></span>SSEU<span class=\"__7 _355\"></span>RS ET A<span class=\"__7 _355\"></span>UTRE<span class=\"__7 _355\"></span>S CR<span class=\"__7 _355\"></span>\u00c9DITEUR<span class=\"__7 _361\"></span>S COURA<span class=\"__7 _355\"></span>NTS<span class=\"__7 _357\"> </span></div><div class=\"gs7d_1\"><table class=\"s_2 w162_1 h32_3\" id=\"_ed62c5da-ca3b-4a35-bca0-aaf57ff3a30a\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y3f1_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x143_2 y3f2_3 w2_2 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x144_2 y3f2_3 w3_2 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f3_3 w163_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s fournis<span class=\"__7 _355\"></span>seurs<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x218_1 y3f3_3 w164_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3.<span class=\"__7 _355\"></span>365</div></td><td class=\"c_2 n_2 x219_1 y3f3_3 w165_1 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>2.<span class=\"__7 _355\"></span>768\ue064\ue064\ue064<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f4_3 w166_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s salari<span class=\"__7 _355\"></span>ales et socia<span class=\"__7 _355\"></span>les<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x21a_1 y3f4_3 w167_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">13.2<span class=\"__7 _355\"></span>93</div></td><td class=\"c_2 n_2 x21b_1 y3f4_3 w168_1 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>10.662<span class=\"__7 _355\"></span><span class=\"__7 gs7e_1\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f5_3 w169_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es dette<span class=\"__7 _355\"></span>s diverse<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x21c_1 y3f5_3 w16a_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">449</div></td><td class=\"c_2 n_2 x21d_1 y3f5_3 w16b_1 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>5<span class=\"__7 _355\"></span>93\ue064\ue064\ue064<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f0_3 w16c_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dividende<span class=\"__7 _355\"></span>s rela<span class=\"__7 _355\"></span>tifs aux exer<span class=\"__7 _355\"></span>cices a<span class=\"__7 _355\"></span>nt\u00e9ri<span class=\"__7 _355\"></span>eurs<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x21e_1 y3f0_3 w16d_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">863</div></td><td class=\"c_2 n_2 x21f_1 y3f0_3 w16e_1 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>862\ue064\ue064\ue064<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y397_3 w16f_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _358\"></span>ax<span class=\"__7 _355\"></span>es et imp\u00f4<span class=\"__7 _355\"></span>ts divers</div></td><td class=\"c_2 n_2 x220_1 y397_3 w170_1 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>823\ue064\ue064\ue064</div></td><td class=\"c_2 n_2 x221_1 y397_3 w171_1 h28_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>388\ue064\ue064\ue064<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w172_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">F<span class=\"__7 _355\"></span>ournisse<span class=\"__7 _355\"></span>urs et autr<span class=\"__7 _355\"></span>es cr<span class=\"__7 _355\"></span>\u00e9diteur<span class=\"__7 _355\"></span>s coura<span class=\"__7 _355\"></span>nts<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x222_1 y35f_3 w173_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls1b_7 ws4f_5\">18.79<span class=\"__7 _355\"></span>3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x223_1 y35f_3 w174_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls38_6 ws5f_5\">15<span class=\"__7 _359\"></span>.<span class=\"__7 _359\"></span>273<span class=\"__7 _357\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-287": {
   "value": "3.<span class=\"__7 _361\"></span>9 CR\u00c9A<span class=\"__7 _355\"></span>NCE<span class=\"__7 _361\"></span>S SUR ET DETTES E<span class=\"__7 _355\"></span>NVER<span class=\"__7 _361\"></span>S LE<span class=\"__7 _355\"></span>S FI<span class=\"__7 _355\"></span>LI<span class=\"__7 _355\"></span>AL<span class=\"__7 _355\"></span>ES<span class=\"__7 _357\"> </span><table class=\"s_2 w6f_2 h23_5\" id=\"_779a81fa-551a-422c-85ca-2083253d3451\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y3f6_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x143_2 y38a_3 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x144_2 y38a_3 w3_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y35e_3 w41_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es sur les filiale<span class=\"__7 _355\"></span>s</div><div class=\"t_7 m2_7 xce_4 hf_7 y377_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x224_1 y35e_3 w43_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">434.2<span class=\"__7 _355\"></span>47<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x225_1 y35e_3 w175_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">420<span class=\"__7 _355\"></span>.95<span class=\"__7 _361\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y388_4 w176_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s envers le<span class=\"__7 _355\"></span>s filiales</div><div class=\"t_7 m2_7 x11e_2 hf_7 y377_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">2<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x226_1 y388_4 w177_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-6.<span class=\"__7 _358\"></span>104<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x227_1 y388_4 w178_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-138.5<span class=\"__7 _355\"></span>35<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w179_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">Cr<span class=\"__7 _355\"></span>\u00e9ance<span class=\"__7 _355\"></span>s et dettes env<span class=\"__7 _355\"></span>ers les fili<span class=\"__7 _355\"></span>ales<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x228_1 y35f_3 w17a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">428.<span class=\"__7 _358\"></span>143<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x229_1 y35f_3 w17b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">282.422<span class=\"__7 _357\"> </span></div></td></tr></table>Sofina SA a sign<span class=\"__7 _355\"></span>\u00e9 des con<span class=\"__7 _355\"></span>trat<span class=\"__7 _355\"></span>s de ligne de cr<span class=\"__7 _355\"></span>\u00e9dit renouv<span class=\"__7 _355\"></span>elable<span class=\"__7 _355\"></span>s avec en<span class=\"__7 _355\"></span>gagemen<span class=\"__7 _355\"></span>t avec pl<span class=\"__7 _355\"></span>u<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>sieur<span class=\"__7 _355\"></span>s de ses filia<span class=\"__7 _355\"></span>les. L<span class=\"__7 _355\"></span>es pr<span class=\"__7 _355\"></span>\u00eats ain<span class=\"__7 _355\"></span>si octroy<span class=\"__7 _355\"></span>\u00e9s par So<span class=\"__7 _355\"></span>fina SA \u00e0 ces filia<span class=\"__7 _355\"></span>les son<span class=\"__7 _355\"></span>t r\u00e9mu<span class=\"__7 _355\"></span>n\u00e9r\u00e9s a<span class=\"__7 _355\"></span>u taux E<span class=\"__7 _355\"></span>uribor +3 mois augm<span class=\"__7 _355\"></span>ent<span class=\"__7 _355\"></span>\u00e9 d\u2019une mar<span class=\"__7 _355\"></span>ge. Au nivea<span class=\"__7 _355\"></span>u de ses dett<span class=\"__7 _355\"></span>es (d\u00e9p\u00f4t<span class=\"__7 _355\"></span>s effectu\u00e9<span class=\"__7 _355\"></span>s par les fili<span class=\"__7 _355\"></span>ales), Sofin<span class=\"__7 _355\"></span>a SA les r\u00e9mu<span class=\"__7 _355\"></span>n\u00e8re \u00e0 un ta<span class=\"__7 _355\"></span>ux de d\u00e9p\u00f4t q<span class=\"__7 _355\"></span>ui est re<span class=\"__7 _355\"></span>vu r\u00e9guli\u00e8r<span class=\"__7 _355\"></span>emen<span class=\"__7 _355\"></span>t.<span class=\"__7 _357\"> </span><div class=\"t_7 ma_5 h13_7 ffb_2 fs8_7 fc4_7 sc0_7 ls1f_7 ws5e_5 gs93_1\">1<span class=\"__7 gs79_1\"> </span><span class=\"__7 _365\"> </span><span class=\"__7 gs79_1\"> </span>L<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>montan<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>2<span class=\"__7 _355\"></span>025<span class=\"__7 gs79_1\"> </span>se<span class=\"__7 gs79_1\"> </span>com<span class=\"__7 _355\"></span>pose<span class=\"__7 gs79_1\"> </span>principalemen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>contr<span class=\"__7 _355\"></span>ats<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>ligne<span class=\"__7 _355\"></span>s<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>cr\u00e9dit<span class=\"__7 gs79_1\"> </span>r<span class=\"__7 _355\"></span>enouvelable<span class=\"__7 _355\"></span>s<span class=\"__7 gs79_1\"> </span>pour<span class=\"__7 gs79_1\"> </span>un<span class=\"__7 gs79_1\"> </span>monta<span class=\"__7 _355\"></span>nt<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>430.<span class=\"__7 _355\"></span>980<span class=\"__7 gs79_1\"> </span>milliers<span class=\"__7 gs79_1\"> </span>EUR<span class=\"__7 gs79_1\"> </span>ain<span class=\"__7 _355\"></span>si<span class=\"__7 gs79_1\"> </span>que<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>cr\u00e9a<span class=\"__7 _355\"></span>nces<span class=\"__7 gs79_1\"> </span>commer<span class=\"__7 _355\"></span>ciales<span class=\"__7 gs79_1\"> </span>sur<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>filia<span class=\"__7 _355\"></span>les<span class=\"__7 gs79_1\"> </span>pour<span class=\"__7 gs79_1\"> </span>un<span class=\"__7 gs79_1\"> </span>mon<span class=\"__7 _355\"></span>tant<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>3<span class=\"__7 _355\"></span>.266<span class=\"__7 gs79_1\"> </span>millier<span class=\"__7 _355\"></span>s<span class=\"__7 gs79_1\"> </span>EUR.</div><div class=\"t_7 ma_5 h13_7 ffb_2 fs8_7 fc4_7 sc0_7 ls1f_7 ws5e_5 gs94_1\">2<span class=\"__7 gs79_1\"> </span> <span class=\"__7 gs79_1\"> </span>Le<span class=\"__7 gs79_1\"> </span>m<span class=\"__7 _355\"></span>ontan<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>pour<span class=\"__7 gs79_1\"> </span>2<span class=\"__7 _355\"></span>025<span class=\"__7 gs79_1\"> </span>se<span class=\"__7 gs79_1\"> </span>com<span class=\"__7 _355\"></span>pose<span class=\"__7 gs79_1\"> </span>principalemen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>d\u00e9p\u00f4ts<span class=\"__7 gs79_1\"> </span>f<span class=\"__7 _355\"></span>aits<span class=\"__7 gs79_1\"> </span>par<span class=\"__7 gs79_1\"> </span>les<span class=\"__7 gs79_1\"> </span>filia<span class=\"__7 _355\"></span>les<span class=\"__7 gs79_1\"> </span>pour<span class=\"__7 gs79_1\"> </span>un<span class=\"__7 gs79_1\"> </span>mon<span class=\"__7 _355\"></span>tant<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>5.<span class=\"__7 _355\"></span>514<span class=\"__7 gs79_1\"> </span>milliers<span class=\"__7 gs79_1\"> </span>EU<span class=\"__7 _355\"></span>R,<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>dettes<span class=\"__7 gs79_1\"> </span>commer<span class=\"__7 _355\"></span>ciales<span class=\"__7 gs79_1\"> </span>env<span class=\"__7 _355\"></span>ers<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>filiale<span class=\"__7 _355\"></span>s<span class=\"__7 gs79_1\"> </span>pour<span class=\"__7 gs79_1\"> </span>un<span class=\"__7 gs79_1\"> </span>mont<span class=\"__7 _355\"></span>ant<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>5<span class=\"__7 _355\"></span>90<span class=\"__7 gs79_1\"> </span>milliers<span class=\"__7 gs79_1\"> </span>EUR.</div>3.21 L<span class=\"__7 _361\"></span>ISTE D<span class=\"__7 _355\"></span>E<span class=\"__7 _355\"></span>S FIL<span class=\"__7 _355\"></span>IA<span class=\"__7 _355\"></span>LE<span class=\"__7 _355\"></span>S ET ENTR<span class=\"__7 _355\"></span>EPRI<span class=\"__7 _355\"></span>SE<span class=\"__7 _355\"></span>S ASS<span class=\"__7 _361\"></span>OCI\u00c9E<span class=\"__7 _361\"></span>S<span class=\"__7 _357\"> </span>DRO<span class=\"__7 _355\"></span>ITS SOC<span class=\"__7 _355\"></span>IAUX D<span class=\"__7 _355\"></span>\u00c9TENUS<span class=\"__7 _357\"> </span>DROIT<span class=\"__7 _355\"></span>S SOCI<span class=\"__7 _355\"></span>AUX D\u00c9TE<span class=\"__7 _355\"></span>NUS<span class=\"__7 _357\"> </span>D\u00c9NOMINA<span class=\"__7 _361\"></span>TION E<span class=\"__7 _359\"></span>T SI\u00c8GE <span class=\"__7 _368\"> </span><span class=\"ls54_4 ws83_1\">LIEN<span class=\"__7 _357\"> </span></span>NOMBRE<span class=\"ls2_7 ws0_7\"> </span>% DE<span class=\"ls2_7 ws0_7\"> </span>NOMBRE<span class=\"ls2_7 ws0_7\"> </span>% DE<span class=\"ls2_7 ws0_7\"> </span>D\u2019<span class=\"__7 _355\"></span>ACTIONS<span class=\"__7 _357\"> </span>P<span class=\"__7 _361\"></span>ART<span class=\"__7 _359\"></span>ICIP<span class=\"__7 _361\"></span>A<span class=\"__7 _361\"></span>TION<span class=\"ls2_7 ws0_7\"> </span>D\u2019<span class=\"__7 _355\"></span>ACTIONS<span class=\"__7 _357\"> </span>P<span class=\"__7 _361\"></span>ART<span class=\"__7 _359\"></span>ICIP<span class=\"__7 _361\"></span>A<span class=\"__7 _361\"></span>TION<span class=\"ls2_7 ws0_7\"> </span>AU 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _355\"></span>025<span class=\"__7 _357\"> </span>AU 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>4<span class=\"__7 _357\"> </span>A. FIL<span class=\"__7 _355\"></span>IA<span class=\"__7 _355\"></span>LE<span class=\"__7 _355\"></span>S D'INV<span class=\"__7 _355\"></span>ES<span class=\"__7 _355\"></span>TISSE<span class=\"__7 _355\"></span>MENT - \u00c0 LA JUS<span class=\"__7 _355\"></span>TE V<span class=\"__7 _361\"></span>ALEU<span class=\"__7 _355\"></span>R Global E<span class=\"__7 _355\"></span>ducation H<span class=\"__7 _355\"></span>olding SA<span class=\"ls2_7\"> </span>Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span>2<span class=\"__7 _355\"></span>77<span class=\"__7 _361\"></span>.262<span class=\"__7 _357\"> </span>82,0<span class=\"__7 _361\"></span>1<span class=\"__7 _357\"> </span>2<span class=\"__7 _355\"></span>77<span class=\"__7 _361\"></span>.262<span class=\"__7 _357\"> </span>82,0<span class=\"__7 _355\"></span>1<span class=\"__7 _357\"> </span>12, rue L<span class=\"__7 _355\"></span>\u00e9on Lava<span class=\"__7 _355\"></span>l - L<span class=\"__7 _355\"></span>U-33<span class=\"__7 _355\"></span>72 L<span class=\"__7 _355\"></span>eudelan<span class=\"__7 _355\"></span>ge<span class=\"__7 _357\"> </span>Sofina Asi<span class=\"__7 _355\"></span>a Priva<span class=\"__7 _355\"></span>te L<span class=\"__7 _361\"></span>td.<span class=\"ls2_7\"> </span>Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span>2.2<span class=\"__7 _355\"></span>95.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span>100<span class=\"__7 _357\"> </span>1.<span class=\"__7 _355\"></span>995.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span>100<span class=\"__7 _357\"> </span>108<span class=\"__7 _357\"> </span>Amoy S<span class=\"__7 _355\"></span>treet # 0<span class=\"__7 _355\"></span>3-01 - S<span class=\"__7 _355\"></span>G-069928 Sin<span class=\"__7 _355\"></span>gapour<span class=\"__7 _357\"> </span>Sofina C<span class=\"__7 _355\"></span>apital SA<span class=\"ls2_7\"> </span>Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span>5.872.576<span class=\"__7 _357\"> </span>100<span class=\"__7 _357\"> </span>5.872.5<span class=\"__7 _355\"></span>76<span class=\"__7 _357\"> </span>100<span class=\"__7 _357\"> </span>12, rue L<span class=\"__7 _355\"></span>\u00e9on Lava<span class=\"__7 _355\"></span>l - L<span class=\"__7 _355\"></span>U-33<span class=\"__7 _355\"></span>72 L<span class=\"__7 _355\"></span>eudelan<span class=\"__7 _355\"></span>ge<span class=\"__7 _357\"> </span>Sofina Globa<span class=\"__7 _355\"></span>l SA SIF<span class=\"ls2_7\"> </span>Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span>17<span class=\"__7 _361\"></span>.500.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span>100<span class=\"__7 _357\"> </span>17<span class=\"__7 _358\"></span>.500.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span>100<span class=\"__7 _357\"> </span>12, rue L<span class=\"__7 _355\"></span>\u00e9on Lava<span class=\"__7 _355\"></span>l - L<span class=\"__7 _355\"></span>U-33<span class=\"__7 _355\"></span>72 L<span class=\"__7 _355\"></span>eudelan<span class=\"__7 _355\"></span>ge<span class=\"__7 _357\"> </span>Sofina Inv<span class=\"__7 _355\"></span>est SA<span class=\"ls2_7\"> </span>Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span>30.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span>100<span class=\"__7 _357\"> </span>30.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span>100<span class=\"__7 _357\"> </span>12, rue L<span class=\"__7 _355\"></span>\u00e9on Lava<span class=\"__7 _355\"></span>l - L<span class=\"__7 _355\"></span>U-33<span class=\"__7 _355\"></span>72 L<span class=\"__7 _355\"></span>eudelan<span class=\"__7 _355\"></span>ge<span class=\"__7 _357\"> </span>Sofina L<span class=\"__7 _361\"></span>ondon Limit<span class=\"ff5_7 ws3_7\">ed</span><span class=\"ff3_7 ls2_7\"> </span>Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span>4.350.000<span class=\"__7 _357\"> </span>100<span class=\"__7 _357\"> </span>50<span class=\"__7 _355\"></span>.000<span class=\"__7 _357\"> </span>100<span class=\"__7 _357\"> </span>7th Floor<span class=\"__7 _355\"></span>, 50 Br<span class=\"__7 _355\"></span>oadway - L<span class=\"__7 _361\"></span>ondon SW1H 0DB - R<span class=\"__7 _355\"></span>oyau<span class=\"__7 _355\"></span>me-Uni<span class=\"__7 _357\"> </span>Sofina P<span class=\"__7 _355\"></span>riva<span class=\"__7 _355\"></span>te Equi<span class=\"ff5_7\">ty SA SI<span class=\"__7 _355\"></span>CAR</span><span class=\"ff5_7\"><span class=\"__7 _355\"></span><span class=\"ff3_7 ls2_7\"> </span></span>Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span>5.<span class=\"__7 _355\"></span>910.000<span class=\"__7 _357\"> </span>100<span class=\"__7 _357\"> </span>5.910<span class=\"__7 _355\"></span>.000<span class=\"__7 _357\"> </span>100<span class=\"__7 _357\"> </span>12, rue L<span class=\"__7 _355\"></span>\u00e9on Lava<span class=\"__7 _355\"></span>l - L<span class=\"__7 _355\"></span>U-33<span class=\"__7 _355\"></span>72 L<span class=\"__7 _355\"></span>eudelan<span class=\"__7 _355\"></span>ge<span class=\"__7 _357\"> </span>Sofina U<span class=\"__7 _355\"></span>S, L<span class=\"__7 _355\"></span>L<span class=\"__7 _361\"></span>C<span class=\"ls2_7\"> </span>Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span>802.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span>100<span class=\"__7 _357\"> </span>802.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span>100<span class=\"__7 _357\"> </span>160<span class=\"__7 _357\"> </span>F<span class=\"__7 _355\"></span>ederal S<span class=\"__7 _355\"></span>treet, 9th floor - M<span class=\"__7 _355\"></span>A 02110 B<span class=\"__7 _355\"></span>oston - U<span class=\"__7 _355\"></span>SA<span class=\"__7 _357\"> </span>Sofina V<span class=\"__7 _361\"></span>entur<span class=\"ff5_7\">e<span class=\"__7 _355\"></span>s SA</span><span class=\"ff5_7\"><span class=\"ff3_7 ls2_7\"> </span></span>2<span class=\"__7 _355\"></span>9, rue de l\u2019<span class=\"__7 _355\"></span>Industri<span class=\"__7 _355\"></span>e - 1040 Bruxelles - B<span class=\"__7 _355\"></span>elgique<span class=\"ls2_7\"> </span>Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span>11.<span class=\"__7 _355\"></span>709<span class=\"__7 _357\"> </span>100<span class=\"__7 _357\"> </span>11.<span class=\"__7 _355\"></span>709<span class=\"__7 _357\"> </span>100<span class=\"__7 _357\"> </span>Num\u00e9r<span class=\"__7 _355\"></span>o d\u2019<span class=\"__7 _361\"></span>entr<span class=\"__7 _355\"></span>eprise 042<span class=\"__7 _355\"></span>3 386 786<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-289": {
   "value": "<div class=\"t_7 m1_7 h2_7 ff2_7 fs1_7 fc1_7 sc0_7 ls1_7 ws0_7 gs83_1\">3.<span class=\"__7 _358\"></span>11 PR<span class=\"__7 _355\"></span>ODUITS ET C<span class=\"__7 _355\"></span>HA<span class=\"__7 _355\"></span>RGE<span class=\"__7 _355\"></span>S D\u2019<span class=\"__7 _355\"></span>INT\u00c9R<span class=\"__7 _355\"></span>\u00caTS<span class=\"__7 _357\"> </span></div><div class=\"gs13_2\"><table class=\"s_2 w9b_2 h34_2\" id=\"_54099830-14c4-4545-928a-773e2abb5b49\"><tr><td></td><td></td><td class=\"t_7 m2_7 x155_2 h3_7 y3fa_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x235_1 y3fb_3 w18a_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x236_1 y3fb_3 w17d_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y380_3 w18b_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats su<span class=\"__7 _355\"></span>r actifs non cour<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>ts<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x237_1 y380_3 w18c_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">76<span class=\"__7 _359\"></span>4<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x238_1 y380_3 w18d_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2c_7 ws50_5\">796<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y381_3 w18e_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats su<span class=\"__7 _355\"></span>r cr\u00e9a<span class=\"__7 _355\"></span>nces sur filia<span class=\"__7 _355\"></span>les</div><div class=\"t_7 m2_7 x239_1 hf_7 y36c_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">4<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23a_1 y381_3 w18f_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.28<span class=\"__7 _355\"></span>9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23b_1 y381_3 w190_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.228<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f4_3 w191_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats su<span class=\"__7 _355\"></span>r actifs cour<span class=\"__7 _355\"></span>ant<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23c_1 y3f4_3 w192_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5.891<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23d_1 y3f4_3 w193_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">10<span class=\"__7 _355\"></span>.828<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f5_3 w194_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats su<span class=\"__7 _355\"></span>r dettes env<span class=\"__7 _355\"></span>ers des filia<span class=\"__7 _355\"></span>les<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23e_1 y3f5_3 w195_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls32_7 ws56_5\">-<span class=\"__7 _359\"></span>270<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23f_1 y3f5_3 w196_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-841<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f0_3 w197_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats env<span class=\"__7 _355\"></span>ers les ba<span class=\"__7 _355\"></span>nques<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x240_1 y3f0_3 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x241_1 y3f0_3 w198_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-169<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y397_3 w199_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats su<span class=\"__7 _355\"></span>r autres de<span class=\"__7 _355\"></span>ttes</div><div class=\"t_7 m2_7 x242_1 hf_7 y377_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x243_1 y397_3 w19a_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-10.<span class=\"__7 _361\"></span>784<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x244_1 y397_3 w19b_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-7<span class=\"__7 _358\"></span>.<span class=\"__7 _355\"></span>785<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w19c_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">Pr<span class=\"__7 _355\"></span>oduits et ch<span class=\"__7 _355\"></span>arges d\u2019in<span class=\"__7 _355\"></span>t\u00e9r\u00eat<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x245_1 y35f_3 w19d_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">6<span class=\"__7 _355\"></span>.890<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x246_1 y35f_3 w19e_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">14.05<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td></tr></table></div><div class=\"t_7 ma_5 h13_7 ffb_2 fs8_7 fc4_7 sc0_7 ls1f_7 ws5e_5 gs7a_1\">4<span class=\"__7 gs79_1\"> </span> P<span class=\"__7 _355\"></span>our<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>d\u00e9tails<span class=\"__7 _355\"></span>,<span class=\"__7 gs79_1\"> </span>cf.<span class=\"__7 gs79_1\"> </span>le<span class=\"__7 gs79_1\"> </span>poin<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>3.<span class=\"__7 _355\"></span>9<span class=\"__7 gs79_1\"> </span>ci-dessus.</div><div class=\"t_7 ma_5 h13_7 ffb_2 fs8_7 fc4_7 sc0_7 ls1f_7 ws5e_5 gs31_1\">5<span class=\"__7 gs79_1\"> </span> <span class=\"__7 gs79_1\"> </span>Se<span class=\"__7 gs79_1\"> </span>compos<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>principalemen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>d\u2019int\u00e9r<span class=\"__7 _355\"></span>\u00eats<span class=\"__7 gs79_1\"> </span>li\u00e9s<span class=\"__7 gs79_1\"> </span>\u00e0<span class=\"__7 gs79_1\"> </span>l\u2019<span class=\"__7 _361\"></span>emprun<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>obligataire<span class=\"__7 gs79_1\"> </span>(c<span class=\"__7 _355\"></span>f.<span class=\"__7 gs79_1\"> </span>poin<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>3.<span class=\"__7 _355\"></span>7<span class=\"__7 gs79_1\"> </span>ci-dessus).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-290": {
   "value": "3.<span class=\"__7 _358\"></span>11 PR<span class=\"__7 _355\"></span>ODUITS ET C<span class=\"__7 _355\"></span>HA<span class=\"__7 _355\"></span>RGE<span class=\"__7 _355\"></span>S D\u2019<span class=\"__7 _355\"></span>INT\u00c9R<span class=\"__7 _355\"></span>\u00caTS<span class=\"__7 _357\"> </span><table class=\"s_2 w9b_2 h34_2\" id=\"_54099830-14c4-4545-928a-773e2abb5b49\"><tr><td></td><td></td><td class=\"t_7 m2_7 x155_2 h3_7 y3fa_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x235_1 y3fb_3 w18a_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x236_1 y3fb_3 w17d_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y380_3 w18b_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats su<span class=\"__7 _355\"></span>r actifs non cour<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>ts<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x237_1 y380_3 w18c_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">76<span class=\"__7 _359\"></span>4<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x238_1 y380_3 w18d_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2c_7 ws50_5\">796<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y381_3 w18e_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats su<span class=\"__7 _355\"></span>r cr\u00e9a<span class=\"__7 _355\"></span>nces sur filia<span class=\"__7 _355\"></span>les</div><div class=\"t_7 m2_7 x239_1 hf_7 y36c_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">4<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23a_1 y381_3 w18f_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.28<span class=\"__7 _355\"></span>9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23b_1 y381_3 w190_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.228<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f4_3 w191_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats su<span class=\"__7 _355\"></span>r actifs cour<span class=\"__7 _355\"></span>ant<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23c_1 y3f4_3 w192_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5.891<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23d_1 y3f4_3 w193_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">10<span class=\"__7 _355\"></span>.828<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f5_3 w194_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats su<span class=\"__7 _355\"></span>r dettes env<span class=\"__7 _355\"></span>ers des filia<span class=\"__7 _355\"></span>les<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23e_1 y3f5_3 w195_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls32_7 ws56_5\">-<span class=\"__7 _359\"></span>270<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23f_1 y3f5_3 w196_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-841<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f0_3 w197_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats env<span class=\"__7 _355\"></span>ers les ba<span class=\"__7 _355\"></span>nques<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x240_1 y3f0_3 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x241_1 y3f0_3 w198_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-169<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y397_3 w199_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats su<span class=\"__7 _355\"></span>r autres de<span class=\"__7 _355\"></span>ttes</div><div class=\"t_7 m2_7 x242_1 hf_7 y377_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x243_1 y397_3 w19a_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-10.<span class=\"__7 _361\"></span>784<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x244_1 y397_3 w19b_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-7<span class=\"__7 _358\"></span>.<span class=\"__7 _355\"></span>785<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w19c_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">Pr<span class=\"__7 _355\"></span>oduits et ch<span class=\"__7 _355\"></span>arges d\u2019in<span class=\"__7 _355\"></span>t\u00e9r\u00eat<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x245_1 y35f_3 w19d_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">6<span class=\"__7 _355\"></span>.890<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x246_1 y35f_3 w19e_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">14.05<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td></tr></table>4<span class=\"__7 gs79_1\"> </span> P<span class=\"__7 _355\"></span>our<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>d\u00e9tails<span class=\"__7 _355\"></span>,<span class=\"__7 gs79_1\"> </span>cf.<span class=\"__7 gs79_1\"> </span>le<span class=\"__7 gs79_1\"> </span>poin<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>3.<span class=\"__7 _355\"></span>9<span class=\"__7 gs79_1\"> </span>ci-dessus.5<span class=\"__7 gs79_1\"> </span> <span class=\"__7 gs79_1\"> </span>Se<span class=\"__7 gs79_1\"> </span>compos<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>principalemen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>d\u2019int\u00e9r<span class=\"__7 _355\"></span>\u00eats<span class=\"__7 gs79_1\"> </span>li\u00e9s<span class=\"__7 gs79_1\"> </span>\u00e0<span class=\"__7 gs79_1\"> </span>l\u2019<span class=\"__7 _361\"></span>emprun<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>obligataire<span class=\"__7 gs79_1\"> </span>(c<span class=\"__7 _355\"></span>f.<span class=\"__7 gs79_1\"> </span>poin<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>3.<span class=\"__7 _355\"></span>7<span class=\"__7 gs79_1\"> </span>ci-dessus).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-291": {
   "value": "3.<span class=\"__7 _358\"></span>11 PR<span class=\"__7 _355\"></span>ODUITS ET C<span class=\"__7 _355\"></span>HA<span class=\"__7 _355\"></span>RGE<span class=\"__7 _355\"></span>S D\u2019<span class=\"__7 _355\"></span>INT\u00c9R<span class=\"__7 _355\"></span>\u00caTS<span class=\"__7 _357\"> </span><table class=\"s_2 w9b_2 h34_2\" id=\"_54099830-14c4-4545-928a-773e2abb5b49\"><tr><td></td><td></td><td class=\"t_7 m2_7 x155_2 h3_7 y3fa_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x235_1 y3fb_3 w18a_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x236_1 y3fb_3 w17d_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y380_3 w18b_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats su<span class=\"__7 _355\"></span>r actifs non cour<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>ts<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x237_1 y380_3 w18c_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">76<span class=\"__7 _359\"></span>4<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x238_1 y380_3 w18d_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2c_7 ws50_5\">796<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y381_3 w18e_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats su<span class=\"__7 _355\"></span>r cr\u00e9a<span class=\"__7 _355\"></span>nces sur filia<span class=\"__7 _355\"></span>les</div><div class=\"t_7 m2_7 x239_1 hf_7 y36c_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">4<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23a_1 y381_3 w18f_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.28<span class=\"__7 _355\"></span>9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23b_1 y381_3 w190_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.228<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f4_3 w191_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats su<span class=\"__7 _355\"></span>r actifs cour<span class=\"__7 _355\"></span>ant<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23c_1 y3f4_3 w192_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5.891<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23d_1 y3f4_3 w193_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">10<span class=\"__7 _355\"></span>.828<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f5_3 w194_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats su<span class=\"__7 _355\"></span>r dettes env<span class=\"__7 _355\"></span>ers des filia<span class=\"__7 _355\"></span>les<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23e_1 y3f5_3 w195_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls32_7 ws56_5\">-<span class=\"__7 _359\"></span>270<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x23f_1 y3f5_3 w196_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-841<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f0_3 w197_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats env<span class=\"__7 _355\"></span>ers les ba<span class=\"__7 _355\"></span>nques<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x240_1 y3f0_3 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x241_1 y3f0_3 w198_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-169<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y397_3 w199_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats su<span class=\"__7 _355\"></span>r autres de<span class=\"__7 _355\"></span>ttes</div><div class=\"t_7 m2_7 x242_1 hf_7 y377_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x243_1 y397_3 w19a_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-10.<span class=\"__7 _361\"></span>784<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x244_1 y397_3 w19b_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-7<span class=\"__7 _358\"></span>.<span class=\"__7 _355\"></span>785<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w19c_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">Pr<span class=\"__7 _355\"></span>oduits et ch<span class=\"__7 _355\"></span>arges d\u2019in<span class=\"__7 _355\"></span>t\u00e9r\u00eat<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x245_1 y35f_3 w19d_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">6<span class=\"__7 _355\"></span>.890<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x246_1 y35f_3 w19e_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">14.05<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td></tr></table>4<span class=\"__7 gs79_1\"> </span> P<span class=\"__7 _355\"></span>our<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>d\u00e9tails<span class=\"__7 _355\"></span>,<span class=\"__7 gs79_1\"> </span>cf.<span class=\"__7 gs79_1\"> </span>le<span class=\"__7 gs79_1\"> </span>poin<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>3.<span class=\"__7 _355\"></span>9<span class=\"__7 gs79_1\"> </span>ci-dessus.5<span class=\"__7 gs79_1\"> </span> <span class=\"__7 gs79_1\"> </span>Se<span class=\"__7 gs79_1\"> </span>compos<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>principalemen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>d\u2019int\u00e9r<span class=\"__7 _355\"></span>\u00eats<span class=\"__7 gs79_1\"> </span>li\u00e9s<span class=\"__7 gs79_1\"> </span>\u00e0<span class=\"__7 gs79_1\"> </span>l\u2019<span class=\"__7 _361\"></span>emprun<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>obligataire<span class=\"__7 gs79_1\"> </span>(c<span class=\"__7 _355\"></span>f.<span class=\"__7 gs79_1\"> </span>poin<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>3.<span class=\"__7 _355\"></span>7<span class=\"__7 gs79_1\"> </span>ci-dessus)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-292": {
   "value": "<div class=\"t_7 m1_7 h2_7 ff2_7 fs1_7 fc1_7 sc0_7 ls1_7 ws0_7 gs9d_1\">3.<span class=\"__7 _358\"></span>13 AUTR<span class=\"__7 _355\"></span>ES R<span class=\"__7 _355\"></span>\u00c9S<span class=\"__7 _355\"></span>UL<span class=\"__7 _358\"></span>T<span class=\"__7 _c7\"></span>A<span class=\"__7 _358\"></span>TS FI<span class=\"__7 _355\"></span>NAN<span class=\"__7 _355\"></span>CIE<span class=\"__7 _355\"></span>RS<span class=\"__7 _357\"> </span></div><div class=\"gs9e_1\"><table class=\"s_2 w6f_2 h37_2\" id=\"_5521f58a-b361-4e3f-84ee-45f872a47ab5\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y411_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x22a_1 y38a_3 w17c_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x22b_1 y38a_3 w17d_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35e_3 w1bd_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9<span class=\"__7 _355\"></span>sultats de c<span class=\"__7 _355\"></span>hange<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x262_1 y35e_3 w1be_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-77<span class=\"__7 _355\"></span>3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x263_1 y35e_3 w1bf_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>43<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38d_3 w1c0_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9<span class=\"__7 _355\"></span>sultats sur a<span class=\"__7 _355\"></span>ctifs cour<span class=\"__7 _355\"></span>ants div<span class=\"__7 _355\"></span>ers<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x264_1 y38d_3 w1c1_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">19<span class=\"__7 _355\"></span>.715<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x265_1 y38d_3 w1c2_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">18.<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>43<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w1c3_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es r\u00e9sult<span class=\"__7 _355\"></span>ats finan<span class=\"__7 _355\"></span>ciers<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x266_1 y35f_3 w1a4_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">18.<span class=\"__7 _355\"></span>942<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x267_1 y35f_3 w1c4_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">18.500<span class=\"__7 _357\"> </span></div></td></tr></table></div><div class=\"t_7 m1_7 h2_7 ff2_7 fs1_7 fc1_7 sc0_7 ls1_7 ws0_7 gs9f_1\">3.<span class=\"__7 _358\"></span>14 AUTR<span class=\"__7 _355\"></span>ES C<span class=\"__7 _355\"></span>HA<span class=\"__7 _355\"></span>RGE<span class=\"__7 _361\"></span>S<span class=\"__7 _361\"></span> </div><div class=\"gsa0_1\"><table class=\"s_2 w6f_2 h2d_3\" id=\"_d40330d1-fe95-4e54-9fd6-49a6048feb69\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y412_2 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x22a_1 y3c1_3 w17c_1 h24_4\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x22b_1 y3c1_3 w17d_1 h24_4\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y413_2 w1c5_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es char<span class=\"__7 _355\"></span>ges finan<span class=\"__7 _355\"></span>ci\u00e8res<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x268_1 y413_2 w1c6_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-3.<span class=\"__7 _355\"></span>356<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x269_1 y413_2 w1c7_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-3<span class=\"__7 _355\"></span>.588<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f8_3 w1c8_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Services et bi<span class=\"__7 _355\"></span>ens diver<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26a_1 y3f8_3 w1c9_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-19<span class=\"__7 _355\"></span>.407<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26b_1 y3f8_3 w1ca_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>0.49<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38c_3 w1cb_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9m<span class=\"__7 _355\"></span>un\u00e9ra<span class=\"__7 _355\"></span>tions<span class=\"__7 _355\"></span>, charge<span class=\"__7 _355\"></span>s sociales e<span class=\"__7 _355\"></span>t pensions<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26c_1 y38c_3 w1cc_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">-4<span class=\"__7 _359\"></span>0.529<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26d_1 y38c_3 w175_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-35.<span class=\"__7 _355\"></span>908<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38d_3 w1cd_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Diver<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26e_1 y38d_3 w1ce_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-6.2<span class=\"__7 _361\"></span>43<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26f_1 y38d_3 w1cf_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">-3.52<span class=\"__7 _359\"></span>6<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w1d0_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls1b_7 ws20_7\">Autres charg<span class=\"__7 _359\"></span>es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x270_1 y35f_3 w1d1_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">-69<span class=\"__7 _355\"></span>.535<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x271_1 y35f_3 w1d2_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">-63<span class=\"__7 _355\"></span>.519<span class=\"__7 _357\"> </span></div></td></tr></table></div><div class=\"t_7 m17_1 h15_7 ff3_7 fs9_7 fc0_7 sc0_7 ls3e_5 ws6a_4 gsa1_1\">L<span class=\"__7 _355\"></span>es services et bi<span class=\"__7 _355\"></span>ens diver<span class=\"__7 _355\"></span>s comprenn<span class=\"__7 _355\"></span>ent ess<span class=\"__7 _355\"></span>entiellemen<span class=\"__7 _355\"></span>t des pr<span class=\"__7 _355\"></span>esta<span class=\"__7 _355\"></span>tions de services de con<span class=\"__7 _355\"></span>seil re\u00e7u<span class=\"__7 _355\"></span>s.<span class=\"__7 _357\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-293": {
   "value": "3.<span class=\"__7 _358\"></span>13 AUTR<span class=\"__7 _355\"></span>ES R<span class=\"__7 _355\"></span>\u00c9S<span class=\"__7 _355\"></span>UL<span class=\"__7 _358\"></span>T<span class=\"__7 _c7\"></span>A<span class=\"__7 _358\"></span>TS FI<span class=\"__7 _355\"></span>NAN<span class=\"__7 _355\"></span>CIE<span class=\"__7 _355\"></span>RS<span class=\"__7 _357\"> </span><table class=\"s_2 w6f_2 h37_2\" id=\"_5521f58a-b361-4e3f-84ee-45f872a47ab5\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y411_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x22a_1 y38a_3 w17c_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x22b_1 y38a_3 w17d_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35e_3 w1bd_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9<span class=\"__7 _355\"></span>sultats de c<span class=\"__7 _355\"></span>hange<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x262_1 y35e_3 w1be_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-77<span class=\"__7 _355\"></span>3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x263_1 y35e_3 w1bf_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>43<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38d_3 w1c0_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9<span class=\"__7 _355\"></span>sultats sur a<span class=\"__7 _355\"></span>ctifs cour<span class=\"__7 _355\"></span>ants div<span class=\"__7 _355\"></span>ers<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x264_1 y38d_3 w1c1_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">19<span class=\"__7 _355\"></span>.715<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x265_1 y38d_3 w1c2_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">18.<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>43<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w1c3_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es r\u00e9sult<span class=\"__7 _355\"></span>ats finan<span class=\"__7 _355\"></span>ciers<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x266_1 y35f_3 w1a4_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">18.<span class=\"__7 _355\"></span>942<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x267_1 y35f_3 w1c4_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">18.500<span class=\"__7 _357\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-294": {
   "value": "3.<span class=\"__7 _358\"></span>13 AUTR<span class=\"__7 _355\"></span>ES R<span class=\"__7 _355\"></span>\u00c9S<span class=\"__7 _355\"></span>UL<span class=\"__7 _358\"></span>T<span class=\"__7 _c7\"></span>A<span class=\"__7 _358\"></span>TS FI<span class=\"__7 _355\"></span>NAN<span class=\"__7 _355\"></span>CIE<span class=\"__7 _355\"></span>RS<span class=\"__7 _357\"> </span><table class=\"s_2 w6f_2 h37_2\" id=\"_5521f58a-b361-4e3f-84ee-45f872a47ab5\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y411_3 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x22a_1 y38a_3 w17c_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x22b_1 y38a_3 w17d_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35e_3 w1bd_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9<span class=\"__7 _355\"></span>sultats de c<span class=\"__7 _355\"></span>hange<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x262_1 y35e_3 w1be_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-77<span class=\"__7 _355\"></span>3<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x263_1 y35e_3 w1bf_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>43<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38d_3 w1c0_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9<span class=\"__7 _355\"></span>sultats sur a<span class=\"__7 _355\"></span>ctifs cour<span class=\"__7 _355\"></span>ants div<span class=\"__7 _355\"></span>ers<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x264_1 y38d_3 w1c1_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">19<span class=\"__7 _355\"></span>.715<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x265_1 y38d_3 w1c2_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">18.<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>43<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w1c3_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es r\u00e9sult<span class=\"__7 _355\"></span>ats finan<span class=\"__7 _355\"></span>ciers<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x266_1 y35f_3 w1a4_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">18.<span class=\"__7 _355\"></span>942<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x267_1 y35f_3 w1c4_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">18.500<span class=\"__7 _357\"> </span></div></td></tr></table>3.<span class=\"__7 _358\"></span>14 AUTR<span class=\"__7 _355\"></span>ES C<span class=\"__7 _355\"></span>HA<span class=\"__7 _355\"></span>RGE<span class=\"__7 _361\"></span>S<span class=\"__7 _361\"></span> <table class=\"s_2 w6f_2 h2d_3\" id=\"_d40330d1-fe95-4e54-9fd6-49a6048feb69\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y412_2 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x22a_1 y3c1_3 w17c_1 h24_4\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x22b_1 y3c1_3 w17d_1 h24_4\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y413_2 w1c5_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es char<span class=\"__7 _355\"></span>ges finan<span class=\"__7 _355\"></span>ci\u00e8res<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x268_1 y413_2 w1c6_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-3.<span class=\"__7 _355\"></span>356<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x269_1 y413_2 w1c7_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-3<span class=\"__7 _355\"></span>.588<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f8_3 w1c8_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Services et bi<span class=\"__7 _355\"></span>ens diver<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26a_1 y3f8_3 w1c9_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-19<span class=\"__7 _355\"></span>.407<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26b_1 y3f8_3 w1ca_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>0.49<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38c_3 w1cb_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9m<span class=\"__7 _355\"></span>un\u00e9ra<span class=\"__7 _355\"></span>tions<span class=\"__7 _355\"></span>, charge<span class=\"__7 _355\"></span>s sociales e<span class=\"__7 _355\"></span>t pensions<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26c_1 y38c_3 w1cc_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">-4<span class=\"__7 _359\"></span>0.529<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26d_1 y38c_3 w175_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-35.<span class=\"__7 _355\"></span>908<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38d_3 w1cd_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Diver<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26e_1 y38d_3 w1ce_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-6.2<span class=\"__7 _361\"></span>43<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26f_1 y38d_3 w1cf_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">-3.52<span class=\"__7 _359\"></span>6<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w1d0_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls1b_7 ws20_7\">Autres charg<span class=\"__7 _359\"></span>es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x270_1 y35f_3 w1d1_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">-69<span class=\"__7 _355\"></span>.535<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x271_1 y35f_3 w1d2_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">-63<span class=\"__7 _355\"></span>.519<span class=\"__7 _357\"> </span></div></td></tr></table>L<span class=\"__7 _355\"></span>es services et bi<span class=\"__7 _355\"></span>ens diver<span class=\"__7 _355\"></span>s comprenn<span class=\"__7 _355\"></span>ent ess<span class=\"__7 _355\"></span>entiellemen<span class=\"__7 _355\"></span>t des pr<span class=\"__7 _355\"></span>esta<span class=\"__7 _355\"></span>tions de services de con<span class=\"__7 _355\"></span>seil re\u00e7u<span class=\"__7 _355\"></span>s.<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-295": {
   "value": "3.<span class=\"__7 _358\"></span>14 AUTR<span class=\"__7 _355\"></span>ES C<span class=\"__7 _355\"></span>HA<span class=\"__7 _355\"></span>RGE<span class=\"__7 _361\"></span>S<span class=\"__7 _361\"></span> <table class=\"s_2 w6f_2 h2d_3\" id=\"_d40330d1-fe95-4e54-9fd6-49a6048feb69\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y412_2 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x22a_1 y3c1_3 w17c_1 h24_4\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x22b_1 y3c1_3 w17d_1 h24_4\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y413_2 w1c5_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es char<span class=\"__7 _355\"></span>ges finan<span class=\"__7 _355\"></span>ci\u00e8res<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x268_1 y413_2 w1c6_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-3.<span class=\"__7 _355\"></span>356<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x269_1 y413_2 w1c7_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-3<span class=\"__7 _355\"></span>.588<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f8_3 w1c8_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Services et bi<span class=\"__7 _355\"></span>ens diver<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26a_1 y3f8_3 w1c9_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-19<span class=\"__7 _355\"></span>.407<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26b_1 y3f8_3 w1ca_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>0.49<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38c_3 w1cb_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9m<span class=\"__7 _355\"></span>un\u00e9ra<span class=\"__7 _355\"></span>tions<span class=\"__7 _355\"></span>, charge<span class=\"__7 _355\"></span>s sociales e<span class=\"__7 _355\"></span>t pensions<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26c_1 y38c_3 w1cc_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">-4<span class=\"__7 _359\"></span>0.529<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26d_1 y38c_3 w175_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-35.<span class=\"__7 _355\"></span>908<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38d_3 w1cd_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Diver<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26e_1 y38d_3 w1ce_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-6.2<span class=\"__7 _361\"></span>43<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26f_1 y38d_3 w1cf_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">-3.52<span class=\"__7 _359\"></span>6<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w1d0_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls1b_7 ws20_7\">Autres charg<span class=\"__7 _359\"></span>es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x270_1 y35f_3 w1d1_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">-69<span class=\"__7 _355\"></span>.535<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x271_1 y35f_3 w1d2_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">-63<span class=\"__7 _355\"></span>.519<span class=\"__7 _357\"> </span></div></td></tr></table>L<span class=\"__7 _355\"></span>es services et bi<span class=\"__7 _355\"></span>ens diver<span class=\"__7 _355\"></span>s comprenn<span class=\"__7 _355\"></span>ent ess<span class=\"__7 _355\"></span>entiellemen<span class=\"__7 _355\"></span>t des pr<span class=\"__7 _355\"></span>esta<span class=\"__7 _355\"></span>tions de services de con<span class=\"__7 _355\"></span>seil re\u00e7u<span class=\"__7 _355\"></span>s.<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFeeAndCommissionIncomeExpenseExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-296": {
   "value": "3.<span class=\"__7 _358\"></span>14 AUTR<span class=\"__7 _355\"></span>ES C<span class=\"__7 _355\"></span>HA<span class=\"__7 _355\"></span>RGE<span class=\"__7 _361\"></span>S<span class=\"__7 _361\"></span> <table class=\"s_2 w6f_2 h2d_3\" id=\"_d40330d1-fe95-4e54-9fd6-49a6048feb69\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y412_2 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td class=\"c_2 n_2 x22a_1 y3c1_3 w17c_1 h24_4\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x22b_1 y3c1_3 w17d_1 h24_4\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y413_2 w1c5_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es char<span class=\"__7 _355\"></span>ges finan<span class=\"__7 _355\"></span>ci\u00e8res<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x268_1 y413_2 w1c6_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-3.<span class=\"__7 _355\"></span>356<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x269_1 y413_2 w1c7_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-3<span class=\"__7 _355\"></span>.588<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f8_3 w1c8_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Services et bi<span class=\"__7 _355\"></span>ens diver<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26a_1 y3f8_3 w1c9_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-19<span class=\"__7 _355\"></span>.407<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26b_1 y3f8_3 w1ca_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-2<span class=\"__7 _355\"></span>0.49<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38c_3 w1cb_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9m<span class=\"__7 _355\"></span>un\u00e9ra<span class=\"__7 _355\"></span>tions<span class=\"__7 _355\"></span>, charge<span class=\"__7 _355\"></span>s sociales e<span class=\"__7 _355\"></span>t pensions<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26c_1 y38c_3 w1cc_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">-4<span class=\"__7 _359\"></span>0.529<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26d_1 y38c_3 w175_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-35.<span class=\"__7 _355\"></span>908<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y38d_3 w1cd_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Diver<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26e_1 y38d_3 w1ce_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-6.2<span class=\"__7 _361\"></span>43<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x26f_1 y38d_3 w1cf_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">-3.52<span class=\"__7 _359\"></span>6<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w1d0_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls1b_7 ws20_7\">Autres charg<span class=\"__7 _359\"></span>es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x270_1 y35f_3 w1d1_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">-69<span class=\"__7 _355\"></span>.535<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x271_1 y35f_3 w1d2_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">-63<span class=\"__7 _355\"></span>.519<span class=\"__7 _357\"> </span></div></td></tr></table>L<span class=\"__7 _355\"></span>es services et bi<span class=\"__7 _355\"></span>ens diver<span class=\"__7 _355\"></span>s comprenn<span class=\"__7 _355\"></span>ent ess<span class=\"__7 _355\"></span>entiellemen<span class=\"__7 _355\"></span>t des pr<span class=\"__7 _355\"></span>esta<span class=\"__7 _355\"></span>tions de services de con<span class=\"__7 _355\"></span>seil re\u00e7u<span class=\"__7 _355\"></span>s.<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-297": {
   "value": "<div class=\"t_7 m1_7 h2_7 ff2_7 fs1_7 fc1_7 sc0_7 ls3f_5 ws6b_4 gsa3_1\">3.<span class=\"__7 _358\"></span>1<span class=\"__7 _359\"></span>5 IMP\u00d4<span class=\"__7 _355\"></span>TS<span class=\"__7 _357\"> </span></div><div class=\"gsa4_1\"><table class=\"s_2 w1d3_1 h38_1\" id=\"_0cd40c73-193f-4c20-a4fc-28bf0d2803bb\"><tr><td></td><td></td><td class=\"t_7 m2_7 x272_1 h3_7 y414_2 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x84_5 y415_2 w1d4_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls40_5 ws50_5\">IMP\u00d4<span class=\"__7 _355\"></span>TS SUR LE R\u00c9SUL<span class=\"__7 _361\"></span>T<span class=\"__7 _361\"></span>A<span class=\"__7 _361\"></span>T<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x273_1 y415_2 w1d5_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">2025<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x274_1 y415_2 w1d6_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">20<span class=\"__7 _359\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y416_2 w1d7_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Char<span class=\"__7 _355\"></span>ges (+) / produit<span class=\"__7 _355\"></span>s (-) d\u2019imp\u00f4ts co<span class=\"__7 _355\"></span>uran<span class=\"__7 _355\"></span>ts<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x275_1 y416_2 w1d8_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">6<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x276_1 y416_2 w1d9_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y417_2 w1da_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Char<span class=\"__7 _355\"></span>ges (+) / produit<span class=\"__7 _355\"></span>s (-) d\u2019imp\u00f4ts diff\u00e9r<span class=\"__7 _355\"></span>\u00e9s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x277_1 y417_2 w1e_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x278_1 y417_2 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td class=\"c_2 n_2 x279_1 y418_2 w1d8_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">6<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x27a_1 y418_2 w1d9_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h5_7 y419_2 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Rappr<span class=\"__7 _355\"></span>ochemen<span class=\"__7 _355\"></span>t entr<span class=\"__7 _355\"></span>e la charge (+) / pr<span class=\"__7 _355\"></span>oduit (-) d\u2019imp\u00f4<span class=\"__7 _355\"></span>ts </td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h5_7 y41a_2 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">cour<span class=\"__7 _355\"></span>ants e<span class=\"__7 _355\"></span>t le b\u00e9n\u00e9fice comp<span class=\"__7 _355\"></span>table<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y41b_2 w1db_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">B\u00e9n\u00e9fic<span class=\"__7 _355\"></span>e compta<span class=\"__7 _355\"></span>ble av<span class=\"__7 _355\"></span>ant im<span class=\"__7 _355\"></span>p\u00f4ts<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x27c_1 y41b_2 w1dc_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">113.<span class=\"__7 _355\"></span>006<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x27d_1 y41b_2 w1dd_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.359<span class=\"__7 _355\"></span>.5<span class=\"__7 _355\"></span>12<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y41c_2 w1de_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Imp\u00f4t<span class=\"__7 _355\"></span>s calcul\u00e9s a<span class=\"__7 _355\"></span>u taux de 25%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x27e_1 y41c_2 w1df_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">28.2<span class=\"__7 _355\"></span>52<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x27f_1 y41c_2 w1e0_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">339.8<span class=\"__7 _355\"></span>78<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y41d_2 w1e1_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Effet de ta<span class=\"__7 _355\"></span>ux d\u2019imp\u00f4ts diff\u00e9r<span class=\"__7 _355\"></span>ents u<span class=\"__7 _355\"></span>tilis\u00e9s dan<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _355\"></span>autr<span class=\"__7 _355\"></span>es pays<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x280_1 y41d_2 w1e_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x281_1 y41d_2 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y41f_2 w1e2_1 h39_1\"><div class=\"t_7 m2_7 x80_5 h6_7 y41e_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Effet de l\u2019<span class=\"__7 _358\"></span>exon<span class=\"__7 _355\"></span>\u00e9rati<span class=\"__7 _355\"></span>on des plus-v<span class=\"__7 _355\"></span>alues la<span class=\"__7 _355\"></span>ten<span class=\"__7 _355\"></span>tes ne<span class=\"__7 _355\"></span>ttes et non-<span class=\"__7 _357\"> </span></div><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">d\u00e9ductib<span class=\"__7 _355\"></span>ilit\u00e9 des moin<span class=\"__7 _355\"></span>s-val<span class=\"__7 _355\"></span>ues lat<span class=\"__7 _355\"></span>ente<span class=\"__7 _355\"></span>s nette<span class=\"__7 _355\"></span>s sur le por<span class=\"__7 _359\"></span>te<span class=\"__7 _355\"></span>feuille<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x1ba_1 y41f_2 w1e3_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">1<span class=\"__7 _359\"></span>.72<span class=\"__7 _359\"></span>7<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x282_1 y41f_2 w1e4_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">18.655<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h6_7 y420_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">sous le s<span class=\"__7 _355\"></span>tatut d\u2019<span class=\"__7 _355\"></span>En<span class=\"__7 _355\"></span>tit\u00e9 d\u2019Inv<span class=\"__7 _355\"></span>estissem<span class=\"__7 _355\"></span>ent<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h6_7 y421_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Effet de l\u2019<span class=\"__7 _358\"></span>exon<span class=\"__7 _355\"></span>\u00e9rati<span class=\"__7 _355\"></span>on des plus-v<span class=\"__7 _355\"></span>alues et r<span class=\"__7 _355\"></span>eprise<span class=\"__7 _355\"></span>s de r\u00e9ducti<span class=\"__7 _355\"></span>on </td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h6_7 y422_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">de vale<span class=\"__7 _355\"></span>ur et de la non-d\u00e9d<span class=\"__7 _355\"></span>uctibilit\u00e9 des m<span class=\"__7 _355\"></span>oins- va<span class=\"__7 _355\"></span>lues et<span class=\"__7 _355\"></span> </td><td class=\"c_2 n_2 x283_1 y423_2 w1e5_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-5.215<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x284_1 y423_2 w9_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-10<span class=\"__7 _355\"></span>1.040<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h6_7 y424_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">r\u00e9d<span class=\"__7 _355\"></span>uctions de v<span class=\"__7 _355\"></span>aleur sur pa<span class=\"__7 _355\"></span>rticipation<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y425_2 w1e6_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Effet de l\u2019<span class=\"__7 _358\"></span>exon<span class=\"__7 _355\"></span>\u00e9rati<span class=\"__7 _355\"></span>on des dividendes r<span class=\"__7 _355\"></span>e\u00e7us<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x285_1 y425_2 w1e7_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-25.<span class=\"__7 _355\"></span>319<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x286_1 y425_2 w1e8_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-25<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>.<span class=\"__7 _355\"></span>795<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h6_7 y426_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Effet de<span class=\"__7 _355\"></span>s r\u00e9gulari<span class=\"__7 _355\"></span>sation<span class=\"__7 _355\"></span>s d\u2019imp\u00f4ts r<span class=\"__7 _355\"></span>elatifs aux e<span class=\"__7 _355\"></span>xer<span class=\"__7 _355\"></span>cices </td><td class=\"c_2 n_2 x287_1 y427_2 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x288_1 y427_2 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h6_7 y428_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">an<span class=\"__7 _355\"></span>t\u00e9rieur<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y35e_3 w1e9_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es aju<span class=\"__7 _355\"></span>stemen<span class=\"__7 _355\"></span>ts d\u2019imp\u00f4t<span class=\"__7 _355\"></span>s (d\u00e9penses n<span class=\"__7 _355\"></span>on admises)<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x289_1 y35e_3 w1ea_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">561<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x28a_1 y35e_3 w1eb_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">309<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y388_4 w1da_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Char<span class=\"__7 _355\"></span>ges (+) / produit<span class=\"__7 _355\"></span>s (-) d\u2019imp\u00f4ts diff\u00e9r<span class=\"__7 _355\"></span>\u00e9s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x277_1 y388_4 w1e_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x278_1 y388_4 w1d_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w1ec_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Char<span class=\"__7 _355\"></span>ges (+) / produits (-) d\u2019im<span class=\"__7 _355\"></span>p\u00f4ts sur le r<span class=\"__7 _355\"></span>\u00e9sultat<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x28b_1 y35f_3 w1ed_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">6<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x28c_1 y35f_3 w1ee_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">7<span class=\"__7 _357\"> </span></div></td></tr></table></div><div class=\"t_7 m1b_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 lsa_7 ws25_7 gsa6_1\">L<span class=\"__7 _355\"></span>es r<span class=\"__7 _355\"></span>\u00e9ser<span class=\"__7 _359\"></span>ve<span class=\"__7 _355\"></span>s de Sofina SA com<span class=\"__7 _355\"></span>prennen<span class=\"__7 _355\"></span>t des diff\u00e9r<span class=\"__7 _355\"></span>ences t<span class=\"__7 _355\"></span>emporair<span class=\"__7 _355\"></span>es r<span class=\"__7 _355\"></span>\u00e9sultan<span class=\"__7 _355\"></span>t de re<span class=\"__7 _355\"></span>venus e<span class=\"__7 _355\"></span>xo<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span></div><div class=\"t_7 m1c_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws27_7 gsa7_1\">n\u00e9r<span class=\"__7 _355\"></span>\u00e9s d\u2019imp\u00f4<span class=\"__7 _355\"></span>ts data<span class=\"__7 _355\"></span>nt d\u2019<span class=\"__7 _361\"></span>av<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>t 1990 et des r<span class=\"__7 _355\"></span>\u00e8gles fisca<span class=\"__7 _355\"></span>les applica<span class=\"__7 _355\"></span>bles \u00e0 l\u2019<span class=\"__7 _358\"></span>\u00e9poque. Auc<span class=\"__7 _355\"></span>un passif </div><div class=\"t_7 m1d_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws27_7 gsa8_1\">d\u2019imp\u00f4<span class=\"__7 _355\"></span>t dif<span class=\"__7 _359\"></span>f\u00e9r<span class=\"__7 _355\"></span>\u00e9 n\u2019<span class=\"__7 _358\"></span>est c<span class=\"__7 _355\"></span>ompta<span class=\"__7 _355\"></span>bilis\u00e9 \u00e0 ce<span class=\"__7 _355\"></span>t \u00e9gard ca<span class=\"__7 _355\"></span>r Sofina SA es<span class=\"__7 _355\"></span>t capable de c<span class=\"__7 _355\"></span>ontr<span class=\"__7 _355\"></span>\u00f4ler la dat<span class=\"__7 _355\"></span>e \u00e0 </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws71_3 gsa9_1\">laquelle la diff<span class=\"__7 _355\"></span>\u00e9rence t<span class=\"__7 _355\"></span>emporair<span class=\"__7 _355\"></span>e se r<span class=\"__7 _355\"></span>\u00e9sorbera e<span class=\"__7 _355\"></span>t il est pro<span class=\"__7 _355\"></span>bable que la diff\u00e9r<span class=\"__7 _355\"></span>ence tem<span class=\"__7 _355\"></span>porair<span class=\"__7 _355\"></span>e </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws72_3 gsaa_1\">ne se r<span class=\"__7 _355\"></span>\u00e9sorber<span class=\"__7 _355\"></span>a pas dan<span class=\"__7 _355\"></span>s un a<span class=\"__7 _355\"></span>venir pr\u00e9<span class=\"__7 _355\"></span>visible. \u00c0 ce<span class=\"__7 _355\"></span>t \u00e9gard, a<span class=\"__7 _355\"></span>u 31 d\u00e9cembr<span class=\"__7 _355\"></span>e 2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>5, les pas<span class=\"__7 _355\"></span>sifs </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws73_2 gsab_1\">d\u2019imp\u00f4<span class=\"__7 _355\"></span>t dif<span class=\"__7 _359\"></span>f\u00e9r<span class=\"__7 _355\"></span>\u00e9 non comp<span class=\"__7 _355\"></span>tabili<span class=\"__7 _355\"></span>s\u00e9s s\u2019<span class=\"__7 _358\"></span>\u00e9l\u00e8ven<span class=\"__7 _355\"></span>t \u00e0 48,<span class=\"__7 _355\"></span>78 million<span class=\"__7 _355\"></span>s EUR (54,2<span class=\"__7 _355\"></span>8 millions EUR en 2<span class=\"__7 _361\"></span>02<span class=\"__7 _355\"></span>4).<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws74_2 gsac_1\">Sofina SA n<span class=\"__7 _355\"></span>e compta<span class=\"__7 _355\"></span>bilise pa<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _355\"></span>actifs d\u2019imp\u00f4<span class=\"__7 _355\"></span>t diff\u00e9r\u00e9 po<span class=\"__7 _355\"></span>ur les pertes fi<span class=\"__7 _355\"></span>scales (e<span class=\"__7 _355\"></span>t les re<span class=\"__7 _355\"></span>venu<span class=\"__7 _355\"></span>s </div><div class=\"t_7 m1e_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls1e_7 ws27_7 gsad_1\">d\u00e9finitivemen<span class=\"__7 _355\"></span>t tax<span class=\"__7 _355\"></span>\u00e9s) report\u00e9<span class=\"__7 _355\"></span>es pour une du<span class=\"__7 _355\"></span>r\u00e9e illimit\u00e9e pa<span class=\"__7 _355\"></span>rce que le<span class=\"__7 _355\"></span>ur r\u00e9cup\u00e9r<span class=\"__7 _355\"></span>ati<span class=\"__7 _355\"></span>on est jug\u00e9<span class=\"__7 _355\"></span>e </div><div class=\"t_7 m1f_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls25_7 ws3b_5 gsae_1\">incertaine d<span class=\"__7 _355\"></span>ans un a<span class=\"__7 _355\"></span>venir pr<span class=\"__7 _355\"></span>\u00e9visible<span class=\"__7 _355\"></span>. Au 31 d\u00e9cem<span class=\"__7 _355\"></span>bre 2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>5, ces ac<span class=\"__7 _355\"></span>tifs d\u2019imp\u00f4t diff\u00e9r<span class=\"__7 _355\"></span>\u00e9 non </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gsaf_1\">comp<span class=\"__7 _355\"></span>tabili<span class=\"__7 _355\"></span>s\u00e9s s\u2019<span class=\"__7 _358\"></span>\u00e9l\u00e8ven<span class=\"__7 _355\"></span>t \u00e0 7<span class=\"__7 _358\"></span>,65 millions EU<span class=\"__7 _355\"></span>R (6,80 million<span class=\"__7 _355\"></span>s EUR en 2<span class=\"__7 _355\"></span>02<span class=\"__7 _361\"></span>4).<span class=\"__7 _357\"> </span></div><div class=\"t_7 m20_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls1e_7 ws27_7 gsb0_1\">Comm<span class=\"__7 _355\"></span>e expliqu\u00e9 au po<span class=\"__7 _355\"></span>int 2.<span class=\"__7 _361\"></span>1 ci-dessu<span class=\"__7 _355\"></span>s, il exis<span class=\"__7 _355\"></span>te en outr<span class=\"__7 _355\"></span>e des b\u00e9n\u00e9fic<span class=\"__7 _355\"></span>es accum<span class=\"__7 _355\"></span>ul\u00e9s au sein de<span class=\"__7 _355\"></span>s </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws31_7 gsb1_1\">filiale<span class=\"__7 _355\"></span>s d\u2019investi<span class=\"__7 _355\"></span>ssemen<span class=\"__7 _355\"></span>t luxem<span class=\"__7 _355\"></span>bourgeoi<span class=\"__7 _355\"></span>ses d\u00e9ten<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>t Sofina F<span class=\"__7 _355\"></span>onds P<span class=\"__7 _355\"></span>riv\u00e9s qui po<span class=\"__7 _355\"></span>urraien<span class=\"__7 _355\"></span>t tou<span class=\"__7 _355\"></span>s </div><div class=\"t_7 m21_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws27_7 gsb2_1\">dev<span class=\"__7 _355\"></span>enir imposable<span class=\"__7 _355\"></span>s (\u00e0 un taux d\u2019impo<span class=\"__7 _355\"></span>sition de 25%) da<span class=\"__7 _355\"></span>ns certain<span class=\"__7 _355\"></span>s sc\u00e9na<span class=\"__7 _355\"></span>rios tr\u00e8<span class=\"__7 _355\"></span>s improb<span class=\"__7 _355\"></span>ables </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws75_2 gsb3_1\">(et, en outr<span class=\"__7 _355\"></span>e, des s<span class=\"__7 _355\"></span>c\u00e9nario<span class=\"__7 _355\"></span>s sur lesquel<span class=\"__7 _355\"></span>s Sofina SA a le con<span class=\"__7 _355\"></span>tr\u00f4le). E<span class=\"__7 _355\"></span>n cons\u00e9quen<span class=\"__7 _355\"></span>ce, auc<span class=\"__7 _355\"></span>un </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gsb4_1\">passif d\u2019im<span class=\"__7 _355\"></span>p\u00f4t diff\u00e9r<span class=\"__7 _355\"></span>\u00e9 n\u2019<span class=\"__7 _358\"></span>est com<span class=\"__7 _355\"></span>ptab<span class=\"__7 _355\"></span>ilis\u00e9 pour ce<span class=\"__7 _355\"></span>s mont<span class=\"__7 _355\"></span>ants<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m13_3 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls41_5 ws76_2 gsb5_1\">\u00c9tan<span class=\"__7 _355\"></span>t donn\u00e9 que Sofin<span class=\"__7 _355\"></span>a ne consoli<span class=\"__7 _355\"></span>de pas ses filia<span class=\"__7 _355\"></span>les d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t ni les soci\u00e9<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span></div><div class=\"t_7 m22_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls42_5 ws77_2 gsb6_1\">t\u00e9<span class=\"__7 _355\"></span>s de son por<span class=\"__7 _359\"></span>tef<span class=\"__7 _355\"></span>euille, elle n<span class=\"__7 _355\"></span>e compta<span class=\"__7 _355\"></span>bilise pa<span class=\"__7 _355\"></span>s les imp\u00f4t<span class=\"__7 _355\"></span>s acquitt\u00e9s o<span class=\"__7 _355\"></span>u suppor<span class=\"__7 _359\"></span>t\u00e9<span class=\"__7 _355\"></span>s par </div><div class=\"t_7 m23_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls43_5 ws3b_5 gsb7_1\">ces en<span class=\"__7 _355\"></span>tit\u00e9s<span class=\"__7 _355\"></span>. P<span class=\"__7 _355\"></span>ar ailleur<span class=\"__7 _355\"></span>s, en tan<span class=\"__7 _355\"></span>t que soci\u00e9t<span class=\"__7 _355\"></span>\u00e9 holding, Sofina n<span class=\"__7 _355\"></span>e r\u00e9cup\u00e8r<span class=\"__7 _355\"></span>e pas la m<span class=\"__7 _355\"></span>ajeure<span class=\"__7 _355\"></span> </div><div class=\"t_7 m24_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls42_5 ws77_2 gsb8_1\">partie de la TV<span class=\"__7 _361\"></span>A support\u00e9e, l<span class=\"__7 _355\"></span>aquelle cons<span class=\"__7 _355\"></span>titue d\u00e8s lor<span class=\"__7 _355\"></span>s un co\u00fbt d\u00e9finitif pou<span class=\"__7 _355\"></span>r le groupe<span class=\"__7 _355\"></span>.<span class=\"ls2_7 ws0_7\"> </span></div><div class=\"t_7 m25_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls25_7 ws2d_7 gsb9_1\">L<span class=\"__7 _355\"></span>es to<span class=\"__7 _355\"></span>taux ou \u00e9l\u00e9men<span class=\"__7 _355\"></span>ts re<span class=\"__7 _355\"></span>pris dan<span class=\"__7 _355\"></span>s les tableaux ci-de<span class=\"__7 _355\"></span>ssus et ci-de<span class=\"__7 _355\"></span>ssous (\u00ab Imp\u00f4<span class=\"__7 _355\"></span>ts sur le </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws78_2 gsba_1\">r\u00e9<span class=\"__7 _355\"></span>sultat \u00bb e<span class=\"__7 _355\"></span>t \u00ab Autre<span class=\"__7 _355\"></span>s taxes e<span class=\"__7 _355\"></span>t imp\u00f4ts \u00bb) n<span class=\"__7 _355\"></span>e refl\u00e8<span class=\"__7 _355\"></span>tent don<span class=\"__7 _355\"></span>c pas la ch<span class=\"__7 _355\"></span>arge fisc<span class=\"__7 _355\"></span>ale r\u00e9ellem<span class=\"__7 _355\"></span>ent </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gsbb_1\">support\u00e9e pa<span class=\"__7 _355\"></span>r le groupe<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span></div><div class=\"gsbc_1\"><table class=\"s_2 w6f_2 h3a_1\" id=\"_2d2ee65c-037f-43c7-bb8b-3543164a9bed\"><tr><td></td><td></td><td class=\"t_7 m2_7 x12e_2 h3_7 y429_2 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x84_5 y42a_2 w1ef_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">AUTRE<span class=\"__7 _355\"></span>S T<span class=\"__7 _358\"></span>A<span class=\"__7 _359\"></span>XES ET I<span class=\"__7 _355\"></span>MP\u00d4<span class=\"__7 _355\"></span>TS<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x28d_1 y42a_2 w17c_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x28e_1 y42a_2 w17d_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y42b_2 w1f0_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _c7\"></span>axes diver<span class=\"__7 _355\"></span>ses li\u00e9e<span class=\"__7 _355\"></span>s aux immobilisa<span class=\"__7 _355\"></span>tions corpor<span class=\"__7 _355\"></span>elles<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x28f_1 y42b_2 w1f1_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls21_7 ws33_6\">24<span class=\"__7 _359\"></span>2<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x290_1 y42b_2 w1f2_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">168<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y42c_2 w1f3_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">TV<span class=\"__7 _355\"></span>A non d\u00e9ductible<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x291_1 y42c_2 w1f4_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2a_7 ws4d_5\">3.<span class=\"__7 _359\"></span>470<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x292_1 y42c_2 w1f5_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.58<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y42d_2 w1f6_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _c7\"></span>axe annuelle su<span class=\"__7 _355\"></span>r les compt<span class=\"__7 _355\"></span>es-titre<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x293_1 y42d_2 w1f7_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">421<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x294_1 y42d_2 w1f8_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">90<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3e7_3 w1f9_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _c7\"></span>axe sur les op\u00e9r<span class=\"__7 _355\"></span>ation<span class=\"__7 _355\"></span>s de bourse<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x295_1 y3e7_3 w1fa_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">22<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x296_1 y3e7_3 w1fa_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">22<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w1fb_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es taxe<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x297_1 y35f_3 w1fc_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">52<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x298_1 y35f_3 w1fd_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">50<span class=\"__7 _357\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-298": {
   "value": "Belgique",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-299": {
   "value": "Belgique",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-300": {
   "value": "<div class=\"t_7 m1_7 h2_7 ff2_7 fs1_7 fc1_7 sc0_7 ls1_7 ws0_7 gsbe_1\">3.<span class=\"__7 _358\"></span>16 AI<span class=\"__7 _355\"></span>DE<span class=\"__7 _355\"></span>S PUBL<span class=\"__7 _355\"></span>IQUE<span class=\"__7 _361\"></span>S<span class=\"__7 _357\"> </span></div><div class=\"t_7 m26_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls1e_7 ws25_7 gsbf_1\">Une sub<span class=\"__7 _355\"></span>venti<span class=\"__7 _355\"></span>on de 349<span class=\"__7 _355\"></span>.000 EUR a \u00e9t<span class=\"__7 _355\"></span>\u00e9 accor<span class=\"__7 _355\"></span>d\u00e9e en 2<span class=\"__7 _355\"></span>005 par la R<span class=\"__7 _355\"></span>\u00e9gion de Brux<span class=\"__7 _355\"></span>elles-C<span class=\"__7 _355\"></span>apitale<span class=\"__7 _355\"></span>. </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws70_3 gsc0_1\">Il s\u2019<span class=\"__7 _361\"></span>agit d\u2019une int<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>ven<span class=\"__7 _355\"></span>tion r\u00e9gi<span class=\"__7 _355\"></span>onale da<span class=\"__7 _355\"></span>ns les fr<span class=\"__7 _355\"></span>ais des tr<span class=\"__7 _355\"></span>ava<span class=\"__7 _355\"></span>ux de res<span class=\"__7 _355\"></span>taur<span class=\"__7 _355\"></span>ation des f<span class=\"__7 _355\"></span>a\u00e7ades de </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gsc1_1\">l\u2019h\u00f4t<span class=\"__7 _355\"></span>el de ma\u00eetr<span class=\"__7 _355\"></span>e dans le<span class=\"__7 _355\"></span>quel Sofina a \u00e9ta<span class=\"__7 _355\"></span>bli son si\u00e8ge socia<span class=\"__7 _355\"></span>l. </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws42_5 gsc2_1\">Une sub<span class=\"__7 _355\"></span>venti<span class=\"__7 _355\"></span>on de 56.<span class=\"__7 _355\"></span>000 EUR a \u00e9t\u00e9 ac<span class=\"__7 _355\"></span>cord\u00e9e en 2<span class=\"__7 _361\"></span>013 pa<span class=\"__7 _355\"></span>r la R\u00e9gi<span class=\"__7 _355\"></span>on de Bruxelle<span class=\"__7 _355\"></span>s-Capit<span class=\"__7 _355\"></span>ale. </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws79_2 gsc3_1\">Il s\u2019<span class=\"__7 _361\"></span>agit d\u2019une int<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>ven<span class=\"__7 _355\"></span>tion r\u00e9gi<span class=\"__7 _355\"></span>onale dan<span class=\"__7 _355\"></span>s les fr<span class=\"__7 _355\"></span>ais des tr<span class=\"__7 _355\"></span>ava<span class=\"__7 _355\"></span>ux de res<span class=\"__7 _355\"></span>taur<span class=\"__7 _355\"></span>ation de la f<span class=\"__7 _355\"></span>a\u00e7ade de </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gsc4_1\">notr<span class=\"__7 _355\"></span>e b\u00e2<span class=\"__7 _355\"></span>timent sit<span class=\"__7 _355\"></span>u\u00e9 Boulev<span class=\"__7 _355\"></span>ard d\u2019<span class=\"__7 _358\"></span>Anvers.<span class=\"__7 _355\"></span> </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws70_3 gsc5_1\">Une sub<span class=\"__7 _355\"></span>venti<span class=\"__7 _355\"></span>on de 60.<span class=\"__7 _355\"></span>000 EUR a \u00e9t\u00e9 ac<span class=\"__7 _355\"></span>cord\u00e9e en 2<span class=\"__7 _361\"></span>016 pa<span class=\"__7 _355\"></span>r la R\u00e9gion de B<span class=\"__7 _355\"></span>ruxelle<span class=\"__7 _355\"></span>s-Capita<span class=\"__7 _355\"></span>le. </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws70_3 gsc6_1\">Il s\u2019<span class=\"__7 _361\"></span>agit d\u2019une int<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>ven<span class=\"__7 _355\"></span>tion r\u00e9gi<span class=\"__7 _355\"></span>onale dan<span class=\"__7 _355\"></span>s les fr<span class=\"__7 _355\"></span>ais des tr<span class=\"__7 _355\"></span>ava<span class=\"__7 _355\"></span>ux de res<span class=\"__7 _355\"></span>taur<span class=\"__7 _355\"></span>ation des f<span class=\"__7 _355\"></span>a\u00e7ades de </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gsc7_1\">l\u2019h\u00f4t<span class=\"__7 _355\"></span>el de ma\u00eetr<span class=\"__7 _355\"></span>e dans le<span class=\"__7 _355\"></span>quel Sofina a \u00e9ta<span class=\"__7 _355\"></span>bli son si\u00e8ge socia<span class=\"__7 _355\"></span>l. </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-301": {
   "value": "3.<span class=\"__7 _358\"></span>16 AI<span class=\"__7 _355\"></span>DE<span class=\"__7 _355\"></span>S PUBL<span class=\"__7 _355\"></span>IQUE<span class=\"__7 _361\"></span>S<span class=\"__7 _357\"> </span>Une sub<span class=\"__7 _355\"></span>venti<span class=\"__7 _355\"></span>on de 349<span class=\"__7 _355\"></span>.000 EUR a \u00e9t<span class=\"__7 _355\"></span>\u00e9 accor<span class=\"__7 _355\"></span>d\u00e9e en 2<span class=\"__7 _355\"></span>005 par la R<span class=\"__7 _355\"></span>\u00e9gion de Brux<span class=\"__7 _355\"></span>elles-C<span class=\"__7 _355\"></span>apitale<span class=\"__7 _355\"></span>. Il s\u2019<span class=\"__7 _361\"></span>agit d\u2019une int<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>ven<span class=\"__7 _355\"></span>tion r\u00e9gi<span class=\"__7 _355\"></span>onale da<span class=\"__7 _355\"></span>ns les fr<span class=\"__7 _355\"></span>ais des tr<span class=\"__7 _355\"></span>ava<span class=\"__7 _355\"></span>ux de res<span class=\"__7 _355\"></span>taur<span class=\"__7 _355\"></span>ation des f<span class=\"__7 _355\"></span>a\u00e7ades de l\u2019h\u00f4t<span class=\"__7 _355\"></span>el de ma\u00eetr<span class=\"__7 _355\"></span>e dans le<span class=\"__7 _355\"></span>quel Sofina a \u00e9ta<span class=\"__7 _355\"></span>bli son si\u00e8ge socia<span class=\"__7 _355\"></span>l. Une sub<span class=\"__7 _355\"></span>venti<span class=\"__7 _355\"></span>on de 56.<span class=\"__7 _355\"></span>000 EUR a \u00e9t\u00e9 ac<span class=\"__7 _355\"></span>cord\u00e9e en 2<span class=\"__7 _361\"></span>013 pa<span class=\"__7 _355\"></span>r la R\u00e9gi<span class=\"__7 _355\"></span>on de Bruxelle<span class=\"__7 _355\"></span>s-Capit<span class=\"__7 _355\"></span>ale. Il s\u2019<span class=\"__7 _361\"></span>agit d\u2019une int<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>ven<span class=\"__7 _355\"></span>tion r\u00e9gi<span class=\"__7 _355\"></span>onale dan<span class=\"__7 _355\"></span>s les fr<span class=\"__7 _355\"></span>ais des tr<span class=\"__7 _355\"></span>ava<span class=\"__7 _355\"></span>ux de res<span class=\"__7 _355\"></span>taur<span class=\"__7 _355\"></span>ation de la f<span class=\"__7 _355\"></span>a\u00e7ade de notr<span class=\"__7 _355\"></span>e b\u00e2<span class=\"__7 _355\"></span>timent sit<span class=\"__7 _355\"></span>u\u00e9 Boulev<span class=\"__7 _355\"></span>ard d\u2019<span class=\"__7 _358\"></span>Anvers.<span class=\"__7 _355\"></span> Une sub<span class=\"__7 _355\"></span>venti<span class=\"__7 _355\"></span>on de 60.<span class=\"__7 _355\"></span>000 EUR a \u00e9t\u00e9 ac<span class=\"__7 _355\"></span>cord\u00e9e en 2<span class=\"__7 _361\"></span>016 pa<span class=\"__7 _355\"></span>r la R\u00e9gion de B<span class=\"__7 _355\"></span>ruxelle<span class=\"__7 _355\"></span>s-Capita<span class=\"__7 _355\"></span>le. Il s\u2019<span class=\"__7 _361\"></span>agit d\u2019une int<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>ven<span class=\"__7 _355\"></span>tion r\u00e9gi<span class=\"__7 _355\"></span>onale dan<span class=\"__7 _355\"></span>s les fr<span class=\"__7 _355\"></span>ais des tr<span class=\"__7 _355\"></span>ava<span class=\"__7 _355\"></span>ux de res<span class=\"__7 _355\"></span>taur<span class=\"__7 _355\"></span>ation des f<span class=\"__7 _355\"></span>a\u00e7ades de l\u2019h\u00f4t<span class=\"__7 _355\"></span>el de ma\u00eetr<span class=\"__7 _355\"></span>e dans le<span class=\"__7 _355\"></span>quel Sofina a \u00e9ta<span class=\"__7 _355\"></span>bli son si\u00e8ge socia<span class=\"__7 _355\"></span>l. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-303": {
   "value": "3.<span class=\"__7 _358\"></span>17 DR<span class=\"__7 _355\"></span>OITS ET EN<span class=\"__7 _355\"></span>GA<span class=\"__7 _355\"></span>GEM<span class=\"__7 _355\"></span>ENTS HO<span class=\"__7 _355\"></span>RS B<span class=\"__7 _355\"></span>ILAN<span class=\"__7 _357\"> </span><table class=\"s_2 w9b_2 h3b_1\" id=\"_3de10787-6c59-4042-b01e-e5872ea024ab\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x155_2 h3_7 y42e_2 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x299_1 y42f_2 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x29a_1 y42f_2 w71_2 h1c_7\" colspan=\"2\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x29b_1 h4_7 y430_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">DEVISE </td><td class=\"t_7 m2_7 x29c_1 h4_7 y431_2 ff2_7 fs3_7 fc2_7 sc0_7 ls40_5 ws7a_2\">EUR<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x29d_1 h4_7 y430_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">DEVISE </td><td class=\"t_7 m2_7 x29e_1 h4_7 y431_2 ff2_7 fs3_7 fc2_7 sc0_7 ls40_5 ws7a_2\">EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x29f_1 h4_7 y432_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">\u00c9TRANG<span class=\"__7 _355\"></span>\u00c8RE<span class=\"__7 _357\"> </span></td><td></td><td class=\"t_7 m2_7 x2a0_1 h4_7 y432_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">\u00c9TRANG<span class=\"__7 _355\"></span>\u00c8RE<span class=\"__7 _357\"> </span></td><td></td></tr><tr><td></td><td class=\"c_2 n_2 x2a1_1 y433_2 w1fe_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls44_5 ws7b_1\">EUR<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2a2_1 y433_2 w1ff_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">7<span class=\"__7 _359\"></span>5<span class=\"__7 _359\"></span>.37<span class=\"__7 _359\"></span>6<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2a3_1 y433_2 w200_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">70<span class=\"__7 _355\"></span>.443<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h6_7 y434_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">P<span class=\"__7 _355\"></span>ortef<span class=\"__7 _355\"></span>euille d'investi<span class=\"__7 _355\"></span>ssement,<span class=\"__7 _355\"></span> </td><td class=\"c_2 n_2 x2a1_1 y435_2 w201_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">CAD<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2a4_1 y435_2 w202_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls45_5 ws20_7\">41<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2a5_1 y435_2 w203_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2a6_1 y435_2 w204_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">93<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2a7_1 y435_2 w205_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">62<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y436_2 w206_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">mon<span class=\"__7 _355\"></span>tant<span class=\"__7 _355\"></span>s souscrit<span class=\"__7 _355\"></span>s non appel\u00e9s</div><div class=\"t_7 m2_7 x2a8_1 hf_7 y377_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2a1_1 y437_2 w207_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">USD<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2a9_1 y437_2 w208_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.45<span class=\"__7 _355\"></span>2.<span class=\"__7 _355\"></span>70<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2aa_1 y437_2 w209_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.236<span class=\"__7 _355\"></span>.346<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ab_1 y437_2 w20a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.38<span class=\"__7 _355\"></span>1.084<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ac_1 y437_2 w20b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.32<span class=\"__7 _355\"></span>9.<span class=\"__7 _355\"></span>371<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td class=\"c_2 n_2 x2a1_1 y438_2 w20c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls22_7 ws7c_1\">GBP<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ad_1 y438_2 w20d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">12.310<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ae_1 y438_2 w20e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">14.<span class=\"__7 _361\"></span>108<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2af_1 y438_2 w20f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>3.2<span class=\"__7 _355\"></span>91<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2b0_1 y438_2 w210_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>8.089<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td class=\"c_2 n_2 x2a1_1 y439_2 w211_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">CNY<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2b1_1 y439_2 w212_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">70.0<span class=\"__7 _359\"></span>00<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2b2_1 y439_2 w213_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">8.509<span class=\"__7 _357\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c_2 n_2 x2b3_1 y43a_2 w214_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.334.364<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2b4_1 y43a_2 w215_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.427<span class=\"__7 _358\"></span>.965<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y43b_2 w216_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Lignes de c<span class=\"__7 _355\"></span>r\u00e9dit obt<span class=\"__7 _355\"></span>enues<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td class=\"c_2 n_2 x2b5_1 y43b_2 w217_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.3<span class=\"__7 _355\"></span>75.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2b6_1 y43b_2 w218_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _361\"></span>185.000<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y3ed_3 w219_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant u<span class=\"__7 _355\"></span>tilis\u00e9<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td class=\"c_2 n_2 x2b7_1 y3ed_3 w1e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2b8_1 y3ed_3 w1e_2 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y43c_2 w21a_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant n<span class=\"__7 _355\"></span>on utilis\u00e9<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td class=\"c_2 n_2 x2b9_1 y43c_2 w21b_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _355\"></span>3<span class=\"__7 _355\"></span>75.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2ba_1 y43c_2 w21c_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _355\"></span>185.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h6_7 y43d_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Lignes de c<span class=\"__7 _355\"></span>r\u00e9dit acc<span class=\"__7 _355\"></span>ord\u00e9es aux<span class=\"__7 _355\"></span> </td><td></td><td></td><td class=\"c_2 n_2 x2bb_1 y43e_2 w21d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">8<span class=\"__7 _355\"></span>75.000<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2bc_1 y43e_2 w21d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">8<span class=\"__7 _355\"></span>75.000<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x27b_1 h6_7 y43f_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">filiale<span class=\"__7 _355\"></span>s d'investis<span class=\"__7 _355\"></span>sement<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 xbb_4 y3e7_3 w219_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant u<span class=\"__7 _355\"></span>tilis\u00e9<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td class=\"c_2 n_2 x2bd_1 y3e7_3 w21e_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3<span class=\"__7 _355\"></span>91.062<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2be_1 y3e7_3 w21f_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>18.410<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 xbb_4 y35f_3 w21a_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mon<span class=\"__7 _355\"></span>tant n<span class=\"__7 _355\"></span>on utilis\u00e9<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td class=\"c_2 n_2 x2bf_1 y35f_3 w220_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls46_5 ws7d_1\">483.<span class=\"__7 _359\"></span>938<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x2c0_1 y35f_3 w221_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">656.<span class=\"__7 _355\"></span>590<span class=\"__7 _357\"> </span></div></td></tr></table>P<span class=\"__7 _361\"></span>our m\u00e9moir<span class=\"__7 _355\"></span>e, Sofina b\u00e9n<span class=\"__7 _355\"></span>\u00e9fice de dr<span class=\"__7 _355\"></span>oits de pr\u00e9em<span class=\"__7 _355\"></span>ption ou de sou<span class=\"__7 _355\"></span>scrip<span class=\"__7 _355\"></span>tion pr\u00e9f<span class=\"__7 _355\"></span>\u00e9ren<span class=\"__7 _355\"></span>tielle dan<span class=\"__7 _355\"></span>s certaines pa<span class=\"__7 _355\"></span>rticipation<span class=\"__7 _355\"></span>s de son portef<span class=\"__7 _355\"></span>euille (consi<span class=\"__7 _355\"></span>d\u00e9r\u00e9 en tr<span class=\"__7 _355\"></span>anspa<span class=\"__7 _355\"></span>renc<span class=\"__7 _355\"></span>e) et ceux-ci son<span class=\"__7 _355\"></span>t conditionn<span class=\"__7 _355\"></span>\u00e9s par un<span class=\"__7 _355\"></span>e augmen<span class=\"__7 _355\"></span>tation d<span class=\"__7 _355\"></span>u capital de l<span class=\"__7 _355\"></span>a soci\u00e9t\u00e9 c<span class=\"__7 _355\"></span>oncern\u00e9e du porte<span class=\"__7 _355\"></span>feuille ou<span class=\"__7 _355\"></span> par l<span class=\"__7 _355\"></span>a mise en ven<span class=\"__7 _355\"></span>te par u<span class=\"__7 _355\"></span>n actionnair<span class=\"__7 _355\"></span>e de ses acti<span class=\"__7 _355\"></span>ons d\u00e9t<span class=\"__7 _355\"></span>enues da<span class=\"__7 _355\"></span>ns la soci<span class=\"__7 _355\"></span>\u00e9t\u00e9 en ques<span class=\"__7 _355\"></span>tion. L<span class=\"__7 _355\"></span>es autr<span class=\"__7 _355\"></span>es dr<span class=\"__7 _355\"></span>oits obt<span class=\"__7 _355\"></span>enus con<span class=\"__7 _355\"></span>cernen<span class=\"__7 _355\"></span>t essen<span class=\"__7 _355\"></span>tiellemen<span class=\"__7 _355\"></span>t la possibilit<span class=\"__7 _355\"></span>\u00e9 pour Sofina e<span class=\"__7 _355\"></span>t ses filiale<span class=\"__7 _355\"></span>s d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t de suivre un a<span class=\"__7 _355\"></span>ctionnair<span class=\"__7 _355\"></span>e qui c\u00e8derait t<span class=\"__7 _355\"></span>out ou pa<span class=\"__7 _355\"></span>r<span class=\"__7 _359\"></span>tie de sa pa<span class=\"__7 _355\"></span>rticipation (ta<span class=\"__7 _355\"></span>g-<span class=\"__7 _357\"> </span>along righ<span class=\"__7 _355\"></span>t). L<span class=\"__7 _355\"></span>es engagem<span class=\"__7 _355\"></span>ents donn<span class=\"__7 _355\"></span>\u00e9s par Sofin<span class=\"__7 _355\"></span>a et ses filia<span class=\"__7 _355\"></span>les d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t son<span class=\"__7 _355\"></span>t rela<span class=\"__7 _355\"></span>tifs \u00e0 des obliga<span class=\"__7 _355\"></span>tions de suit<span class=\"__7 _355\"></span>e (cession de<span class=\"__7 _355\"></span>s action<span class=\"__7 _355\"></span>s) en cas de ce<span class=\"__7 _355\"></span>ssion par c<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>tain<span class=\"__7 _355\"></span>s actionnair<span class=\"__7 _355\"></span>es de leur<span class=\"__7 _355\"></span>s action<span class=\"__7 _355\"></span>s (drag-alon<span class=\"__7 _355\"></span>g right). L<span class=\"__7 _361\"></span>e tota<span class=\"__7 _355\"></span>l de la jus<span class=\"__7 _355\"></span>te va<span class=\"__7 _355\"></span>leur des pa<span class=\"__7 _355\"></span>r<span class=\"__7 _359\"></span>ticipa<span class=\"__7 _355\"></span>tions c<span class=\"__7 _355\"></span>oncern\u00e9e<span class=\"__7 _355\"></span>s par c<span class=\"__7 _355\"></span>es engagemen<span class=\"__7 _355\"></span>ts es<span class=\"__7 _355\"></span>t de 4.227<span class=\"__7 _c7\"></span>.836 millier<span class=\"__7 _355\"></span>s EUR.<span class=\"__7 _357\"> </span>1<span class=\"__7 gs79_1\"> </span><span class=\"__7 _365\"> </span><span class=\"__7 gs79_1\"> </span>Ces<span class=\"__7 gs79_1\"> </span>m<span class=\"__7 _355\"></span>ontan<span class=\"__7 _355\"></span>ts<span class=\"__7 gs79_1\"> </span>provi<span class=\"__7 _355\"></span>ennent<span class=\"__7 gs79_1\"> </span>ess<span class=\"__7 _355\"></span>entiellemen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>souscrip<span class=\"__7 _355\"></span>tions<span class=\"__7 gs79_1\"> </span>aux<span class=\"__7 gs79_1\"> </span>inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>ts<span class=\"__7 gs79_1\"> </span>Sofina<span class=\"__7 gs79_1\"> </span>F<span class=\"__7 _355\"></span>onds<span class=\"__7 gs79_1\"> </span>Priv<span class=\"__7 _355\"></span>\u00e9s<span class=\"__7 gs79_1\"> </span>pour<span class=\"__7 gs79_1\"> </span>un<span class=\"__7 gs79_1\"> </span>mon<span class=\"__7 _355\"></span>tant<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>1.<span class=\"__7 _355\"></span>329<span class=\"__7 gs79_1\"> </span>million<span class=\"__7 _355\"></span>s<span class=\"__7 gs79_1\"> </span>EUR<span class=\"__7 gs79_1\"> </span>(cf<span class=\"__7 _355\"></span>.<span class=\"__7 gs79_1\"> </span>point<span class=\"__7 gs79_1\"> </span>2.6<span class=\"__7 _355\"></span>.<span class=\"__7 gs79_1\"> </span>ci-dessus).<span class=\"__7 gs79_1\"> </span>C<span class=\"__7 _355\"></span>es<span class=\"__7 gs79_1\"> </span>engagemen<span class=\"__7 _355\"></span>ts<span class=\"__7 gs79_1\"> </span>sont<span class=\"__7 gs79_1\"> </span>pris<span class=\"__7 gs79_1\"> </span>pa<span class=\"__7 _355\"></span>r<span class=\"__7 gs79_1\"> </span>Sofina<span class=\"__7 gs79_1\"> </span>SA<span class=\"__7 gs79_1\"> </span>ou<span class=\"__7 gs79_1\"> </span>par<span class=\"__7 gs79_1\"> </span>se<span class=\"__7 _355\"></span>s<span class=\"__7 gs79_1\"> </span>filiales<span class=\"__7 gs79_1\"> </span>d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>(vues<span class=\"__7 gs79_1\"> </span>en<span class=\"__7 gs79_1\"> </span>tran<span class=\"__7 _355\"></span>sparen<span class=\"__7 _355\"></span>ce).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-304": {
   "value": "<div class=\"t_7 m1_7 h2_7 ff2_7 fs1_7 fc1_7 sc0_7 ls1_7 ws0_7 gsd5_1\">3.<span class=\"__7 _358\"></span>18 TRA<span class=\"__7 _355\"></span>NSA<span class=\"__7 _355\"></span>CTIO<span class=\"__7 _355\"></span>NS A<span class=\"__7 _358\"></span>VEC D<span class=\"__7 _355\"></span>E<span class=\"__7 _355\"></span>S P<span class=\"__7 _358\"></span>ARTIE<span class=\"__7 _355\"></span>S L<span class=\"__7 _355\"></span>I\u00c9E<span class=\"__7 _355\"></span>S<span class=\"__7 _357\"> </span></div><div class=\"t_7 m2_7 h3_7 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7 gsd6_1\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></div><div class=\"gsd7_1\"><table class=\"s_2 w222_1 h3c_1\" id=\"_a78f609d-37c8-4dd4-9d54-91a35ea04987\"><tr><td></td><td></td><td class=\"t_7 m2_7 x83_5 h4_7 y440_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">A<span class=\"__7 _355\"></span>CTIF<span class=\"__7 _355\"></span>S ET P<span class=\"__7 _361\"></span>ASSIF<span class=\"__7 _355\"></span>S<span class=\"__7 _f7_1\"> </span><span class=\"ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _366\"> </span>31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></span></td></tr><tr><td class=\"c_2 n_2 x84_5 y441_2 w223_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es \u00e0 long terme de<span class=\"__7 _355\"></span>s entr<span class=\"__7 _355\"></span>eprises li\u00e9e<span class=\"__7 _355\"></span>s non cons<span class=\"__7 _355\"></span>olid\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c1_1 y441_2 w19_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c2_1 y441_2 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y442_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es \u00e0 court terme sur de<span class=\"__7 _355\"></span>s entr<span class=\"__7 _355\"></span>eprises li\u00e9e<span class=\"__7 _355\"></span>s non </td><td class=\"c_2 n_2 x224_1 y443_2 w43_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">434.2<span class=\"__7 _355\"></span>47<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x225_1 y443_2 w175_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">420<span class=\"__7 _355\"></span>.95<span class=\"__7 _361\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y444_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">con<span class=\"__7 _355\"></span>solid\u00e9es<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w224_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s vis-\u00e0-vis d\u2019<span class=\"__7 _358\"></span>entrepri<span class=\"__7 _355\"></span>ses li\u00e9es n<span class=\"__7 _355\"></span>on consolid\u00e9<span class=\"__7 _355\"></span>es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c3_1 y35f_3 w225_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-6.<span class=\"__7 _358\"></span>105<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c4_1 y35f_3 w178_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-138.5<span class=\"__7 _355\"></span>35<span class=\"__7 _357\"> </span></div></td></tr></table></div><div class=\"gsd8_1\"><table class=\"s_2 w239_1 h3e_1\" id=\"_67457e43-b71e-40a7-9eae-acd5bf02ca21\"><tr><td class=\"t_7 m2_7 x83_5 h4_7 y44c_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">R\u00c9<span class=\"__7 _355\"></span>SUL<span class=\"__7 _361\"></span>T<span class=\"__7 _361\"></span>A<span class=\"__7 _358\"></span>TS DES TRA<span class=\"__7 _355\"></span>NSAC<span class=\"__7 _355\"></span>TIONS ENTR<span class=\"__7 _355\"></span>E P<span class=\"__7 _361\"></span>ARTIES L<span class=\"__7 _355\"></span>I\u00c9E<span class=\"__7 _355\"></span>S OU </td><td class=\"c_2 n_2 x22a_1 y44d_2 w17c_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x22b_1 y44d_2 w17d_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h4_7 y44e_2 ff2_7 fs3_7 fc2_7 sc0_7 ls47_5 ws84_1\">AS<span class=\"__7 _359\"></span>SOC<span class=\"__7 _359\"></span>I\u00c9ES<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y44f_2 w17e_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dividende<span class=\"__7 _355\"></span>s re\u00e7us d\u2019<span class=\"__7 _358\"></span>entr<span class=\"__7 _355\"></span>eprises li<span class=\"__7 _355\"></span>\u00e9es non con<span class=\"__7 _355\"></span>solid\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d3_1 y44f_2 w17f_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">80.<span class=\"__7 _361\"></span>770<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d4_1 y44f_2 w23a_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.013<span class=\"__7 _355\"></span>.2<span class=\"__7 _355\"></span>76<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y450_2 w181_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dividende<span class=\"__7 _355\"></span>s re\u00e7us d\u2019<span class=\"__7 _358\"></span>entr<span class=\"__7 _355\"></span>eprises a<span class=\"__7 _355\"></span>ssoci\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d5_1 y450_2 w182_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">7<span class=\"__7 _358\"></span>.500<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d6_1 y450_2 w183_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5.614<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y451_2 w23b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats r<span class=\"__7 _355\"></span>e\u00e7us d\u2019<span class=\"__7 _358\"></span>entr<span class=\"__7 _355\"></span>eprises li\u00e9<span class=\"__7 _355\"></span>es non con<span class=\"__7 _355\"></span>solid\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d7_1 y451_2 w23c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.28<span class=\"__7 _355\"></span>9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d8_1 y451_2 w190_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.228<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y452_2 w23d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats p<span class=\"__7 _355\"></span>ay\u00e9s aux en<span class=\"__7 _355\"></span>trepri<span class=\"__7 _355\"></span>ses li\u00e9es n<span class=\"__7 _355\"></span>on consolid\u00e9<span class=\"__7 _355\"></span>es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d9_1 y452_2 w195_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls32_7 ws56_5\">-27<span class=\"__7 _359\"></span>0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2da_1 y452_2 w196_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-841<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y453_2 w23e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Services pre<span class=\"__7 _355\"></span>st\u00e9s a<span class=\"__7 _355\"></span>ux entre<span class=\"__7 _355\"></span>prises li\u00e9e<span class=\"__7 _355\"></span>s non consoli<span class=\"__7 _355\"></span>d\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2db_1 y453_2 w23f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls6_7 ws5_7\">3.<span class=\"__7 _359\"></span>289<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2dc_1 y453_2 w240_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.82<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y454_2 w241_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Services re\u00e7<span class=\"__7 _355\"></span>us des en<span class=\"__7 _355\"></span>treprise<span class=\"__7 _355\"></span>s li\u00e9es non con<span class=\"__7 _355\"></span>solid\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2dd_1 y454_2 w242_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-1.44<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2de_1 y454_2 w243_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-1.268<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y456_2 w244_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R<span class=\"__7 _355\"></span>\u00e9mun\u00e9ra<span class=\"__7 _355\"></span>tion des principaux dirigea<span class=\"__7 _355\"></span>nts</div><div class=\"t_7 m2_7 x2df_1 h14_7 y455_2 ff2_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">1<span class=\"__7 _357\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y457_2 w245_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9m<span class=\"__7 _355\"></span>un\u00e9ra<span class=\"__7 _355\"></span>tion brute fix<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e0_1 y457_2 w246_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.2<span class=\"__7 _355\"></span>41<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e1_1 y457_2 w247_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.<span class=\"__7 _355\"></span>585<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ec_3 w248_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9m<span class=\"__7 _355\"></span>un\u00e9ra<span class=\"__7 _355\"></span>tion brute v<span class=\"__7 _355\"></span>ariable<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e2_1 y3ec_3 wbf_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">4.285<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e3_1 y3ec_3 w249_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3.2<span class=\"__7 _355\"></span>69<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ed_3 w24a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _c7\"></span>anti\u00e8m<span class=\"__7 _355\"></span>es et jet<span class=\"__7 _355\"></span>ons de pr<span class=\"__7 _355\"></span>\u00e9sence<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e4_1 y3ed_3 w24b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.539<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e5_1 y3ed_3 w24c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.263<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y43c_2 w24d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Assur<span class=\"__7 _355\"></span>ance de gr<span class=\"__7 _355\"></span>oupe, ho<span class=\"__7 _355\"></span>spitalisa<span class=\"__7 _355\"></span>tion et soin<span class=\"__7 _355\"></span>s de sant<span class=\"__7 _355\"></span>\u00e9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e6_1 y43c_2 w24e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">925<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e7_1 y43c_2 w24f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls48_5 ws47_5\">51<span class=\"__7 _359\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y441_2 w250_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Char<span class=\"__7 _355\"></span>ges li\u00e9es aux p<span class=\"__7 _355\"></span>aiement<span class=\"__7 _355\"></span>s fond\u00e9s sur de<span class=\"__7 _355\"></span>s action<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e8_1 y441_2 w251_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls36_6 ws5b_5\">5.34<span class=\"__7 _359\"></span>0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e9_1 y441_2 w252_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">4.296<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y458_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Donn\u00e9es r<span class=\"__7 _355\"></span>elativ<span class=\"__7 _355\"></span>es aux tr<span class=\"__7 _355\"></span>ansacti<span class=\"__7 _355\"></span>ons significa<span class=\"__7 _355\"></span>tives, en<span class=\"__7 _355\"></span>tre de<span class=\"__7 _355\"></span>s </td><td class=\"c_2 n_2 x226_1 y459_2 w253_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls33_7 ws57_5\">N\u00e9<span class=\"__7 _359\"></span>ant<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ea_1 y459_2 w254_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls33_7 ws57_5\">N\u00e9<span class=\"__7 _359\"></span>ant<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y45a_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">parties li<span class=\"__7 _355\"></span>\u00e9es, effec<span class=\"__7 _355\"></span>tu\u00e9es en dehor<span class=\"__7 _355\"></span>s des condition<span class=\"__7 _355\"></span>s du mar<span class=\"__7 _355\"></span>ch\u00e9<span class=\"__7 _357\"> </span></td><td></td><td></td></tr></table></div><div class=\"t_7 m4_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls12_7 ws64_4 gsd9_1\">En c<span class=\"__7 _355\"></span>e qui concerne le<span class=\"__7 _355\"></span>s cr\u00e9a<span class=\"__7 _355\"></span>nces sur e<span class=\"__7 _355\"></span>t les dett<span class=\"__7 _355\"></span>es envers de<span class=\"__7 _355\"></span>s soci\u00e9t<span class=\"__7 _355\"></span>\u00e9s li\u00e9es n<span class=\"__7 _355\"></span>on consoli<span class=\"__7 _355\"></span>d\u00e9es, il s\u2019<span class=\"__7 _361\"></span>agit </div><div class=\"t_7 m29_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls49_5 ws27_7 gsda_1\">essen<span class=\"__7 _355\"></span>tiellemen<span class=\"__7 _355\"></span>t de pr\u00eat<span class=\"__7 _355\"></span>s et d\u00e9p\u00f4ts en<span class=\"__7 _355\"></span>tre So<span class=\"__7 _355\"></span>fina et ses filia<span class=\"__7 _355\"></span>les. L<span class=\"__7 _355\"></span>es m\u00e9<span class=\"__7 _355\"></span>thodes de r<span class=\"__7 _355\"></span>\u00e9mun\u00e9ra<span class=\"__7 _355\"></span>tion de ceux-ci </div><div class=\"t_7 m4_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls12_7 ws0_7 gsdb_1\">son<span class=\"__7 _355\"></span>t d\u00e9taill\u00e9es a<span class=\"__7 _355\"></span>u point 3<span class=\"__7 _355\"></span>.9 ci-de<span class=\"__7 _355\"></span>ssus.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m2a_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls4a_5 ws3b_5 gsdc_1\">En ce q<span class=\"__7 _355\"></span>ui concerne le<span class=\"__7 _355\"></span>s ser<span class=\"__7 _359\"></span>vices pr<span class=\"__7 _355\"></span>est<span class=\"__7 _355\"></span>\u00e9s, ils inc<span class=\"__7 _355\"></span>luent e<span class=\"__7 _355\"></span>ssentiellem<span class=\"__7 _355\"></span>ent des pr<span class=\"__7 _355\"></span>esta<span class=\"__7 _355\"></span>tions de s<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>vices </div><div class=\"t_7 m4_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls12_7 ws85_1 gsdd_1\">d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t et de con<span class=\"__7 _355\"></span>seil en inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>t rela<span class=\"__7 _355\"></span>tifs \u00e0 des opportunit<span class=\"__7 _355\"></span>\u00e9s d\u2019inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>t et aux </div><div class=\"t_7 m4_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls12_7 ws0_7 gsde_1\">inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>ts d\u00e9t<span class=\"__7 _355\"></span>enus pa<span class=\"__7 _355\"></span>r le b\u00e9n\u00e9ficiair<span class=\"__7 _355\"></span>e de ser<span class=\"__7 _359\"></span>vice<span class=\"__7 _355\"></span>s. </div><div class=\"t_7 m4_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls12_7 ws47_5 gsdf_1\">En c<span class=\"__7 _355\"></span>e qui concerne le<span class=\"__7 _355\"></span>s ser<span class=\"__7 _359\"></span>vices r<span class=\"__7 _355\"></span>e\u00e7us<span class=\"__7 _355\"></span>, il s\u2019<span class=\"__7 _355\"></span>agit essen<span class=\"__7 _355\"></span>tiellemen<span class=\"__7 _355\"></span>t de pre<span class=\"__7 _355\"></span>stati<span class=\"__7 _355\"></span>ons de services de ges<span class=\"__7 _355\"></span>tion </div><div class=\"t_7 m4_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls12_7 ws0_7 gse0_1\">de tr\u00e9<span class=\"__7 _355\"></span>sorerie<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m4_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls12_7 ws10_7 gse1_1\">Sofina s\u2019<span class=\"__7 _c7\"></span>est port\u00e9e gar<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>te des enga<span class=\"__7 _355\"></span>gements de s<span class=\"__7 _355\"></span>es soci\u00e9t<span class=\"__7 _355\"></span>\u00e9s li\u00e9es n<span class=\"__7 _355\"></span>on consoli<span class=\"__7 _355\"></span>d\u00e9es (c\u2019<span class=\"__7 _358\"></span>est-\u00e0-dir<span class=\"__7 _355\"></span>e ses </div><div class=\"t_7 m4_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls12_7 ws26_7 gse2_1\">filiale<span class=\"__7 _355\"></span>s).<span class=\"__7 _357\"> </span></div><div class=\"t_7 m4_7 h2_7 ff2_7 fs1_7 fc3_7 sc0_7 ls2_7 ws0_7 gse3_1\">Struc<span class=\"__7 _355\"></span>tur<span class=\"__7 _355\"></span>e de l\u2019<span class=\"__7 _355\"></span>actionna<span class=\"__7 _355\"></span>riat<span class=\"__7 _357\"> </span></div><div class=\"t_7 m2b_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 lsa_7 ws25_7 gse4_1\">Union Fina<span class=\"__7 _355\"></span>nci\u00e8r<span class=\"__7 _355\"></span>e Bo\u00ebl SA, Soci\u00e9t<span class=\"__7 _355\"></span>\u00e9 de P<span class=\"__7 _355\"></span>articipa<span class=\"__7 _355\"></span>tions Ind<span class=\"__7 _355\"></span>ustrielle<span class=\"__7 _355\"></span>s SA et Mobili<span class=\"__7 _355\"></span>\u00e8re et Immob<span class=\"__7 _355\"></span>ili\u00e8re<span class=\"__7 _355\"></span> </div><div class=\"t_7 m2c_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls1e_7 ws27_7 gse5_1\">du Cen<span class=\"__7 _355\"></span>tre SA f<span class=\"__7 _355\"></span>ormen<span class=\"__7 _355\"></span>t un consortium au sen<span class=\"__7 _355\"></span>s de l\u2019<span class=\"__7 _361\"></span>article 1:19 du CSA (ensem<span class=\"__7 _355\"></span>ble l\u2019\u00ab Actionnair<span class=\"__7 _355\"></span>e </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gse6_1\">de R<span class=\"__7 _355\"></span>\u00e9f\u00e9r<span class=\"__7 _355\"></span>ence \u00bb).<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws86_1 gse7_1\">Il re<span class=\"__7 _355\"></span>ssort de la derni\u00e8r<span class=\"__7 _355\"></span>e d\u00e9clar<span class=\"__7 _355\"></span>ation f<span class=\"__7 _355\"></span>aite le 2<span class=\"__7 _355\"></span>0 ao\u00fbt 2<span class=\"__7 _355\"></span>025 p<span class=\"__7 _355\"></span>ar l\u2019<span class=\"__7 _361\"></span>Actionnair<span class=\"__7 _355\"></span>e de R<span class=\"__7 _355\"></span>\u00e9f\u00e9r<span class=\"__7 _355\"></span>ence en </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws66_4 gse8_1\">applica<span class=\"__7 _355\"></span>tion de l\u2019<span class=\"__7 _361\"></span>article 7<span class=\"__7 _358\"></span>4 de la loi du 1er a<span class=\"__7 _355\"></span>vril 200<span class=\"__7 _361\"></span>7 sur les offre<span class=\"__7 _355\"></span>s publiques d\u2019<span class=\"__7 _361\"></span>acquisiti<span class=\"__7 _355\"></span>on que </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws2b_7 gse9_1\">les soci\u00e9<span class=\"__7 _355\"></span>t\u00e9s f<span class=\"__7 _355\"></span>orman<span class=\"__7 _355\"></span>t l\u2019<span class=\"__7 _361\"></span>Actionnair<span class=\"__7 _355\"></span>e de R\u00e9<span class=\"__7 _355\"></span>f\u00e9r<span class=\"__7 _355\"></span>ence d\u00e9ten<span class=\"__7 _355\"></span>aient a<span class=\"__7 _355\"></span>u 7 octobr<span class=\"__7 _355\"></span>e 20<span class=\"__7 _355\"></span>25 des ac<span class=\"__7 _355\"></span>tions </div><div class=\"t_7 m1_7 h8_7 ff4_7 fs5_7 fc0_7 sc0_7 ls9_7 ws2c_7 gsea_1\">de la Soci\u00e9t\u00e9 comm<span class=\"__7 _355\"></span>e suit<span class=\"__7 gs8_2\"> </span>:<span class=\"__7 _357\"> </span></div><div class=\"gseb_1\"><table class=\"s_2 w226_1 h3d_1\" id=\"_53264a64-c54f-40b7-82fc-4e21da05d1de\"><tr><td></td><td class=\"t_7 m2_7 x15a_1 h4_7 y445_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE </td><td class=\"t_7 m2_7 x2c5_1 h4_7 y445_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">% DE </td></tr><tr><td></td><td class=\"t_7 m2_7 x15e_1 h4_7 y446_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">D'<span class=\"__7 _355\"></span>ACTIONS<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x2c6_1 h4_7 y446_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">P<span class=\"__7 _361\"></span>ART<span class=\"__7 _359\"></span>ICIP<span class=\"__7 _361\"></span>A<span class=\"__7 _361\"></span>TION<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x84_5 y447_2 w227_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Union Fina<span class=\"__7 _355\"></span>nci\u00e8re B<span class=\"__7 _355\"></span>o\u00ebl SA<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c7_1 y447_2 w228_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">8.225.<span class=\"__7 _355\"></span>068<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c8_1 y447_2 w229_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">22,41%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y448_2 w22a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Soci\u00e9t<span class=\"__7 _355\"></span>\u00e9 de P<span class=\"__7 _355\"></span>articipation<span class=\"__7 _355\"></span>s Indu<span class=\"__7 _355\"></span>strielles SA<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c9_1 y448_2 w22b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.092.485<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ca_1 y448_2 w22c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>4,<span class=\"__7 _355\"></span>78%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y449_2 w22d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mobili\u00e8r<span class=\"__7 _355\"></span>e et Immobili<span class=\"__7 _355\"></span>\u00e8re du C<span class=\"__7 _355\"></span>entre SA<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cb_1 y449_2 w22e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.<span class=\"__7 _355\"></span>717<span class=\"__7 _361\"></span>.<span class=\"__7 _361\"></span>108<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cc_1 y449_2 w22f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">7<span class=\"__7 _361\"></span>,40%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y44a_2 w230_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sous-t<span class=\"__7 _355\"></span>otal de l\u2019<span class=\"__7 _361\"></span>Actionnair<span class=\"__7 _355\"></span>e de R\u00e9<span class=\"__7 _355\"></span>f\u00e9renc<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cd_1 y44a_2 w231_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>0.<span class=\"__7 _355\"></span>034.661<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ce_1 y44a_2 w232_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">54,60%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y44b_2 w233_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sofina SA (ac<span class=\"__7 _355\"></span>tions pr<span class=\"__7 _355\"></span>opres)<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cf_1 y44b_2 w234_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _355\"></span>149<span class=\"__7 _355\"></span>.306<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d0_1 y44b_2 w235_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3,<span class=\"__7 _361\"></span>13%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w236_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4b_5 ws65_4\">To<span class=\"__7 _356\"></span>t<span class=\"__7 _364\"></span>a<span class=\"__7 _356\"></span>l<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d1_1 y35f_3 w237_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">21.<span class=\"__7 _361\"></span>183<span class=\"__7 _355\"></span>.96<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d2_1 y35f_3 w238_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls1c_7 ws21_7\">5<span class=\"__7 _359\"></span>7,<span class=\"__7 _356\"></span>7<span class=\"__7 _359\"></span>3<span class=\"__7 _356\"></span>%<span class=\"__7 _357\"> </span></div></td></tr></table></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws28_7 gsec_1\">Au 3<span class=\"__7 _355\"></span>1 d\u00e9cembr<span class=\"__7 _355\"></span>e 20<span class=\"__7 _355\"></span>25, So<span class=\"__7 _355\"></span>fina d\u00e9tenait 1.2<span class=\"__7 _361\"></span>35.303 ac<span class=\"__7 _355\"></span>tions pr<span class=\"__7 _355\"></span>opre<span class=\"__7 _355\"></span>s repr<span class=\"__7 _355\"></span>\u00e9sen<span class=\"__7 _355\"></span>tant 3<span class=\"__7 _355\"></span>,3<span class=\"__7 _361\"></span>7% de son </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gsed_1\">capit<span class=\"__7 _355\"></span>al social.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m4_7 h2_7 ff2_7 fs1_7 fc3_7 sc0_7 ls2_7 ws0_7 gsee_1\">R<span class=\"__7 _355\"></span>\u00e9mun\u00e9r<span class=\"__7 _355\"></span>ation de<span class=\"__7 _355\"></span>s Commi<span class=\"__7 _355\"></span>ssaire<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div><div class=\"gsef_1\"><table class=\"s_2 w255_1 h3f\" id=\"_6bedfccb-ae61-4911-b5ad-5126c0750847\"><tr><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x2ec_1 h3_7 y45b_2 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"c_2 n_2 x2ed_1 y45c_2 w18a_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ee_1 y45c_2 w1d6_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">20<span class=\"__7 _359\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x2ef_1 y45d_2 w256_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mission<span class=\"__7 _355\"></span>s r\u00e9<span class=\"__7 _355\"></span>visorale<span class=\"__7 _355\"></span>s effectu\u00e9<span class=\"__7 _355\"></span>es par le Commi<span class=\"__7 _355\"></span>ssaire<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f0_1 y45d_2 wdb_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">119<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f1_1 y45d_2 w257_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">115<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y45e_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es mission<span class=\"__7 _355\"></span>s ext\u00e9rie<span class=\"__7 _355\"></span>ures \u00e0 l<span class=\"__7 _355\"></span>a mission r\u00e9<span class=\"__7 _355\"></span>visora<span class=\"__7 _355\"></span>le effectu\u00e9<span class=\"__7 _355\"></span>es </td><td class=\"c_2 n_2 x2f3_1 y45f_2 w258_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4c_5 ws87_1\">1<span class=\"__7 _359\"></span>73<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f4_1 y45f_2 w259_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">16<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y460_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">par le r<span class=\"__7 _355\"></span>\u00e9seau du C<span class=\"__7 _355\"></span>ommissair<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y461_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es mission<span class=\"__7 _355\"></span>s ext\u00e9rie<span class=\"__7 _355\"></span>ures \u00e0 l<span class=\"__7 _355\"></span>a mission r\u00e9<span class=\"__7 _355\"></span>visora<span class=\"__7 _355\"></span>le effectu\u00e9<span class=\"__7 _355\"></span>es </td><td class=\"c_2 n_2 x2f5_1 y462_2 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f6_1 y462_2 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y463_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">par le r<span class=\"__7 _355\"></span>\u00e9seau du C<span class=\"__7 _355\"></span>ommissair<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x2ef_1 y464_2 w25a_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mission<span class=\"__7 _355\"></span>s r\u00e9<span class=\"__7 _355\"></span>visorale<span class=\"__7 _355\"></span>s effectu\u00e9<span class=\"__7 _355\"></span>es par le r<span class=\"__7 _355\"></span>\u00e9seau du C<span class=\"__7 _355\"></span>ommissaire<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f7_1 y464_2 w25b_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">760<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f8_1 y464_2 w25c_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls45_5 ws20_7\">412<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x2ef_1 y465_2 w25d_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mission<span class=\"__7 _355\"></span>s de conseil<span class=\"__7 _355\"></span>s fiscaux<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f9_1 y465_2 w1e_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2fa_1 y465_2 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w25e_1 h20_6\"><div class=\"t_7 m2_7 x80_5 h13_7 y466_2 ffb_2 fs8_7 fc4_7 sc0_7 ls1f_7 ws5e_5\">1\ue005</div></td><td class=\"c_2 n_2 x2fb_1 y35f_3 w25f_1 h20_6\"><div class=\"t_7 m2_7 x80_5 h13_7 y466_2 ffb_2 fs8_7 fc4_7 sc0_7 ls1f_7 ws5e_5\"><span class=\"__7 _365\"> </span><span class=\"__7 gsf0_1\"> </span><span class=\"__7 _8f_2\"></span>Suite\ue005\u00e0\ue005la\ue005di<span class=\"__7 _355\"></span>ssolution<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>C<span class=\"__7 _355\"></span>omit\u00e9<span class=\"__7 gs79_1\"> </span>ex<span class=\"__7 _355\"></span>\u00e9cutif,<span class=\"__7 gs79_1\"> </span>le<span class=\"__7 gs79_1\"> </span>C<span class=\"__7 _355\"></span>onseil<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>dir<span class=\"__7 _355\"></span>ection<span class=\"__7 gs79_1\"> </span>a<span class=\"__7 gs79_1\"> </span>\u00e9t\u00e9<span class=\"__7 gs79_1\"> </span>mis<span class=\"__7 gs79_1\"> </span>en<span class=\"__7 gs79_1\"> </span>pl<span class=\"__7 _355\"></span>ace<span class=\"__7 gs79_1\"> </span>en<span class=\"__7 gs79_1\"> </span>janvier<span class=\"__7 gs79_1\"> </span>2<span class=\"__7 _355\"></span>02<span class=\"__7 _361\"></span>4.<span class=\"__7 gs79_1\"> </span>Il<span class=\"__7 gs79_1\"> </span>comptait<span class=\"__7 gs79_1\"> </span>initialem<span class=\"__7 _355\"></span>ent<span class=\"__7 gs79_1\"> </span>qua<span class=\"__7 _355\"></span>tre<span class=\"__7 gs79_1\"> </span>membr<span class=\"__7 _355\"></span>es<span class=\"__7 gs79_1\"> </span>(hors<span class=\"__7 gs79_1\"> </span>CE<span class=\"__7 _355\"></span>O),<span class=\"__7 gs79_1\"> </span>puis<span class=\"__7 gs79_1\"> </span>cinq<span class=\"__7 gs79_1\"> </span>mem<span class=\"__7 _355\"></span>bres<span class=\"__7 gs79_1\"> </span>\u00e0<span class=\"__7 gs79_1\"> </span>comp<span class=\"__7 _355\"></span>ter<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>1er<span class=\"__7 gs79_1\"> </span>juille<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>20<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>4.<span class=\"__7 gs79_1\"> </span>\u00c0<span class=\"__7 gs79_1\"> </span>partir<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>1er<span class=\"__7 gs79_1\"> </span>janvier<span class=\"__7 gs79_1\"> </span>2<span class=\"__7 _355\"></span>025<span class=\"__7 _355\"></span>,<span class=\"__7 gs79_1\"> </span>la<span class=\"__7 gs79_1\"> </span>r\u00e9mun\u00e9r<span class=\"__7 _355\"></span>ation<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>C<span class=\"__7 _355\"></span>EO<span class=\"__7 gs79_1\"> </span></div></td><td></td><td></td><td></td></tr></table></div><div class=\"t_7 m2_7 h13_7 ffb_2 fs8_7 fc4_7 sc0_7 ls1f_7 ws5e_5 gsf1_1\">et<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>autr<span class=\"__7 _355\"></span>es<span class=\"__7 gs79_1\"> </span>membr<span class=\"__7 _355\"></span>es<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>Con<span class=\"__7 _355\"></span>seil<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>directi<span class=\"__7 _355\"></span>on<span class=\"__7 gs79_1\"> </span>a<span class=\"__7 gs79_1\"> </span>\u00e9t\u00e9<span class=\"__7 gs79_1\"> </span>re<span class=\"__7 _355\"></span>vue,<span class=\"__7 gs79_1\"> </span>ave<span class=\"__7 _355\"></span>c<span class=\"__7 gs79_1\"> </span>une<span class=\"__7 gs79_1\"> </span>r\u00e9ducti<span class=\"__7 _355\"></span>on<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>salaire<span class=\"__7 gs79_1\"> </span>fix<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>et<span class=\"__7 gs79_1\"> </span>l\u2019intr<span class=\"__7 _355\"></span>oduction<span class=\"__7 gs79_1\"> </span>d\u2019un<span class=\"__7 gs79_1\"> </span>incit<span class=\"__7 _355\"></span>ant<span class=\"__7 gs79_1\"> </span>\u00e0<span class=\"__7 gs79_1\"> </span>court<span class=\"__7 gs79_1\"> </span>t<span class=\"__7 _355\"></span>erme<span class=\"__7 gs79_1\"> </span>(\u00ab\u202fSTI\u202f\u00bb).<span class=\"__7 gs79_1\"> </span>L<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>salaire<span class=\"__7 gs79_1\"> </span>fix<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>r\u00e9duit,<span class=\"__7 gs79_1\"> </span>c<span class=\"__7 _355\"></span>ombin\u00e9<span class=\"__7 gs79_1\"> </span>au<span class=\"__7 gs79_1\"> </span>S<span class=\"__7 _355\"></span>TI<span class=\"__7 gs79_1\"> </span>au<span class=\"__7 gs79_1\"> </span>niveau<span class=\"__7 gs79_1\"> </span>cible,<span class=\"__7 gs79_1\"> </span>e<span class=\"__7 _355\"></span>st<span class=\"__7 gs79_1\"> </span>\u00e9quivalen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>au<span class=\"__7 gs79_1\"> </span>salair<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>fixe<span class=\"__7 gs79_1\"> </span>pr\u00e9c<span class=\"__7 _355\"></span>\u00e9dent.<span class=\"__7 _357\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-305": {
   "value": "3.<span class=\"__7 _358\"></span>18 TRA<span class=\"__7 _355\"></span>NSA<span class=\"__7 _355\"></span>CTIO<span class=\"__7 _355\"></span>NS A<span class=\"__7 _358\"></span>VEC D<span class=\"__7 _355\"></span>E<span class=\"__7 _355\"></span>S P<span class=\"__7 _358\"></span>ARTIE<span class=\"__7 _355\"></span>S L<span class=\"__7 _355\"></span>I\u00c9E<span class=\"__7 _355\"></span>S<span class=\"__7 _357\"> </span>EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span><table class=\"s_2 w222_1 h3c_1\" id=\"_a78f609d-37c8-4dd4-9d54-91a35ea04987\"><tr><td></td><td></td><td class=\"t_7 m2_7 x83_5 h4_7 y440_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">A<span class=\"__7 _355\"></span>CTIF<span class=\"__7 _355\"></span>S ET P<span class=\"__7 _361\"></span>ASSIF<span class=\"__7 _355\"></span>S<span class=\"__7 _f7_1\"> </span><span class=\"ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _366\"> </span>31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></span></td></tr><tr><td class=\"c_2 n_2 x84_5 y441_2 w223_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es \u00e0 long terme de<span class=\"__7 _355\"></span>s entr<span class=\"__7 _355\"></span>eprises li\u00e9e<span class=\"__7 _355\"></span>s non cons<span class=\"__7 _355\"></span>olid\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c1_1 y441_2 w19_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c2_1 y441_2 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y442_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es \u00e0 court terme sur de<span class=\"__7 _355\"></span>s entr<span class=\"__7 _355\"></span>eprises li\u00e9e<span class=\"__7 _355\"></span>s non </td><td class=\"c_2 n_2 x224_1 y443_2 w43_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">434.2<span class=\"__7 _355\"></span>47<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x225_1 y443_2 w175_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">420<span class=\"__7 _355\"></span>.95<span class=\"__7 _361\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y444_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">con<span class=\"__7 _355\"></span>solid\u00e9es<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w224_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s vis-\u00e0-vis d\u2019<span class=\"__7 _358\"></span>entrepri<span class=\"__7 _355\"></span>ses li\u00e9es n<span class=\"__7 _355\"></span>on consolid\u00e9<span class=\"__7 _355\"></span>es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c3_1 y35f_3 w225_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-6.<span class=\"__7 _358\"></span>105<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c4_1 y35f_3 w178_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-138.5<span class=\"__7 _355\"></span>35<span class=\"__7 _357\"> </span></div></td></tr></table><table class=\"s_2 w239_1 h3e_1\" id=\"_67457e43-b71e-40a7-9eae-acd5bf02ca21\"><tr><td class=\"t_7 m2_7 x83_5 h4_7 y44c_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">R\u00c9<span class=\"__7 _355\"></span>SUL<span class=\"__7 _361\"></span>T<span class=\"__7 _361\"></span>A<span class=\"__7 _358\"></span>TS DES TRA<span class=\"__7 _355\"></span>NSAC<span class=\"__7 _355\"></span>TIONS ENTR<span class=\"__7 _355\"></span>E P<span class=\"__7 _361\"></span>ARTIES L<span class=\"__7 _355\"></span>I\u00c9E<span class=\"__7 _355\"></span>S OU </td><td class=\"c_2 n_2 x22a_1 y44d_2 w17c_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x22b_1 y44d_2 w17d_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h4_7 y44e_2 ff2_7 fs3_7 fc2_7 sc0_7 ls47_5 ws84_1\">AS<span class=\"__7 _359\"></span>SOC<span class=\"__7 _359\"></span>I\u00c9ES<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y44f_2 w17e_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dividende<span class=\"__7 _355\"></span>s re\u00e7us d\u2019<span class=\"__7 _358\"></span>entr<span class=\"__7 _355\"></span>eprises li<span class=\"__7 _355\"></span>\u00e9es non con<span class=\"__7 _355\"></span>solid\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d3_1 y44f_2 w17f_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">80.<span class=\"__7 _361\"></span>770<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d4_1 y44f_2 w23a_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.013<span class=\"__7 _355\"></span>.2<span class=\"__7 _355\"></span>76<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y450_2 w181_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dividende<span class=\"__7 _355\"></span>s re\u00e7us d\u2019<span class=\"__7 _358\"></span>entr<span class=\"__7 _355\"></span>eprises a<span class=\"__7 _355\"></span>ssoci\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d5_1 y450_2 w182_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">7<span class=\"__7 _358\"></span>.500<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d6_1 y450_2 w183_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5.614<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y451_2 w23b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats r<span class=\"__7 _355\"></span>e\u00e7us d\u2019<span class=\"__7 _358\"></span>entr<span class=\"__7 _355\"></span>eprises li\u00e9<span class=\"__7 _355\"></span>es non con<span class=\"__7 _355\"></span>solid\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d7_1 y451_2 w23c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.28<span class=\"__7 _355\"></span>9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d8_1 y451_2 w190_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.228<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y452_2 w23d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats p<span class=\"__7 _355\"></span>ay\u00e9s aux en<span class=\"__7 _355\"></span>trepri<span class=\"__7 _355\"></span>ses li\u00e9es n<span class=\"__7 _355\"></span>on consolid\u00e9<span class=\"__7 _355\"></span>es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d9_1 y452_2 w195_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls32_7 ws56_5\">-27<span class=\"__7 _359\"></span>0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2da_1 y452_2 w196_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-841<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y453_2 w23e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Services pre<span class=\"__7 _355\"></span>st\u00e9s a<span class=\"__7 _355\"></span>ux entre<span class=\"__7 _355\"></span>prises li\u00e9e<span class=\"__7 _355\"></span>s non consoli<span class=\"__7 _355\"></span>d\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2db_1 y453_2 w23f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls6_7 ws5_7\">3.<span class=\"__7 _359\"></span>289<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2dc_1 y453_2 w240_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.82<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y454_2 w241_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Services re\u00e7<span class=\"__7 _355\"></span>us des en<span class=\"__7 _355\"></span>treprise<span class=\"__7 _355\"></span>s li\u00e9es non con<span class=\"__7 _355\"></span>solid\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2dd_1 y454_2 w242_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-1.44<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2de_1 y454_2 w243_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-1.268<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y456_2 w244_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R<span class=\"__7 _355\"></span>\u00e9mun\u00e9ra<span class=\"__7 _355\"></span>tion des principaux dirigea<span class=\"__7 _355\"></span>nts</div><div class=\"t_7 m2_7 x2df_1 h14_7 y455_2 ff2_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">1<span class=\"__7 _357\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y457_2 w245_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9m<span class=\"__7 _355\"></span>un\u00e9ra<span class=\"__7 _355\"></span>tion brute fix<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e0_1 y457_2 w246_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.2<span class=\"__7 _355\"></span>41<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e1_1 y457_2 w247_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.<span class=\"__7 _355\"></span>585<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ec_3 w248_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9m<span class=\"__7 _355\"></span>un\u00e9ra<span class=\"__7 _355\"></span>tion brute v<span class=\"__7 _355\"></span>ariable<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e2_1 y3ec_3 wbf_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">4.285<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e3_1 y3ec_3 w249_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3.2<span class=\"__7 _355\"></span>69<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ed_3 w24a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _c7\"></span>anti\u00e8m<span class=\"__7 _355\"></span>es et jet<span class=\"__7 _355\"></span>ons de pr<span class=\"__7 _355\"></span>\u00e9sence<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e4_1 y3ed_3 w24b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.539<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e5_1 y3ed_3 w24c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.263<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y43c_2 w24d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Assur<span class=\"__7 _355\"></span>ance de gr<span class=\"__7 _355\"></span>oupe, ho<span class=\"__7 _355\"></span>spitalisa<span class=\"__7 _355\"></span>tion et soin<span class=\"__7 _355\"></span>s de sant<span class=\"__7 _355\"></span>\u00e9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e6_1 y43c_2 w24e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">925<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e7_1 y43c_2 w24f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls48_5 ws47_5\">51<span class=\"__7 _359\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y441_2 w250_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Char<span class=\"__7 _355\"></span>ges li\u00e9es aux p<span class=\"__7 _355\"></span>aiement<span class=\"__7 _355\"></span>s fond\u00e9s sur de<span class=\"__7 _355\"></span>s action<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e8_1 y441_2 w251_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls36_6 ws5b_5\">5.34<span class=\"__7 _359\"></span>0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e9_1 y441_2 w252_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">4.296<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y458_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Donn\u00e9es r<span class=\"__7 _355\"></span>elativ<span class=\"__7 _355\"></span>es aux tr<span class=\"__7 _355\"></span>ansacti<span class=\"__7 _355\"></span>ons significa<span class=\"__7 _355\"></span>tives, en<span class=\"__7 _355\"></span>tre de<span class=\"__7 _355\"></span>s </td><td class=\"c_2 n_2 x226_1 y459_2 w253_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls33_7 ws57_5\">N\u00e9<span class=\"__7 _359\"></span>ant<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ea_1 y459_2 w254_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls33_7 ws57_5\">N\u00e9<span class=\"__7 _359\"></span>ant<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y45a_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">parties li<span class=\"__7 _355\"></span>\u00e9es, effec<span class=\"__7 _355\"></span>tu\u00e9es en dehor<span class=\"__7 _355\"></span>s des condition<span class=\"__7 _355\"></span>s du mar<span class=\"__7 _355\"></span>ch\u00e9<span class=\"__7 _357\"> </span></td><td></td><td></td></tr></table>En c<span class=\"__7 _355\"></span>e qui concerne le<span class=\"__7 _355\"></span>s cr\u00e9a<span class=\"__7 _355\"></span>nces sur e<span class=\"__7 _355\"></span>t les dett<span class=\"__7 _355\"></span>es envers de<span class=\"__7 _355\"></span>s soci\u00e9t<span class=\"__7 _355\"></span>\u00e9s li\u00e9es n<span class=\"__7 _355\"></span>on consoli<span class=\"__7 _355\"></span>d\u00e9es, il s\u2019<span class=\"__7 _361\"></span>agit essen<span class=\"__7 _355\"></span>tiellemen<span class=\"__7 _355\"></span>t de pr\u00eat<span class=\"__7 _355\"></span>s et d\u00e9p\u00f4ts en<span class=\"__7 _355\"></span>tre So<span class=\"__7 _355\"></span>fina et ses filia<span class=\"__7 _355\"></span>les. L<span class=\"__7 _355\"></span>es m\u00e9<span class=\"__7 _355\"></span>thodes de r<span class=\"__7 _355\"></span>\u00e9mun\u00e9ra<span class=\"__7 _355\"></span>tion de ceux-ci son<span class=\"__7 _355\"></span>t d\u00e9taill\u00e9es a<span class=\"__7 _355\"></span>u point 3<span class=\"__7 _355\"></span>.9 ci-de<span class=\"__7 _355\"></span>ssus.<span class=\"__7 _357\"> </span>En ce q<span class=\"__7 _355\"></span>ui concerne le<span class=\"__7 _355\"></span>s ser<span class=\"__7 _359\"></span>vices pr<span class=\"__7 _355\"></span>est<span class=\"__7 _355\"></span>\u00e9s, ils inc<span class=\"__7 _355\"></span>luent e<span class=\"__7 _355\"></span>ssentiellem<span class=\"__7 _355\"></span>ent des pr<span class=\"__7 _355\"></span>esta<span class=\"__7 _355\"></span>tions de s<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>vices d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t et de con<span class=\"__7 _355\"></span>seil en inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>t rela<span class=\"__7 _355\"></span>tifs \u00e0 des opportunit<span class=\"__7 _355\"></span>\u00e9s d\u2019inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>t et aux inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>ts d\u00e9t<span class=\"__7 _355\"></span>enus pa<span class=\"__7 _355\"></span>r le b\u00e9n\u00e9ficiair<span class=\"__7 _355\"></span>e de ser<span class=\"__7 _359\"></span>vice<span class=\"__7 _355\"></span>s. En c<span class=\"__7 _355\"></span>e qui concerne le<span class=\"__7 _355\"></span>s ser<span class=\"__7 _359\"></span>vices r<span class=\"__7 _355\"></span>e\u00e7us<span class=\"__7 _355\"></span>, il s\u2019<span class=\"__7 _355\"></span>agit essen<span class=\"__7 _355\"></span>tiellemen<span class=\"__7 _355\"></span>t de pre<span class=\"__7 _355\"></span>stati<span class=\"__7 _355\"></span>ons de services de ges<span class=\"__7 _355\"></span>tion de tr\u00e9<span class=\"__7 _355\"></span>sorerie<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>Sofina s\u2019<span class=\"__7 _c7\"></span>est port\u00e9e gar<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>te des enga<span class=\"__7 _355\"></span>gements de s<span class=\"__7 _355\"></span>es soci\u00e9t<span class=\"__7 _355\"></span>\u00e9s li\u00e9es n<span class=\"__7 _355\"></span>on consoli<span class=\"__7 _355\"></span>d\u00e9es (c\u2019<span class=\"__7 _358\"></span>est-\u00e0-dir<span class=\"__7 _355\"></span>e ses filiale<span class=\"__7 _355\"></span>s).<span class=\"__7 _357\"> </span>Struc<span class=\"__7 _355\"></span>tur<span class=\"__7 _355\"></span>e de l\u2019<span class=\"__7 _355\"></span>actionna<span class=\"__7 _355\"></span>riat<span class=\"__7 _357\"> </span>Union Fina<span class=\"__7 _355\"></span>nci\u00e8r<span class=\"__7 _355\"></span>e Bo\u00ebl SA, Soci\u00e9t<span class=\"__7 _355\"></span>\u00e9 de P<span class=\"__7 _355\"></span>articipa<span class=\"__7 _355\"></span>tions Ind<span class=\"__7 _355\"></span>ustrielle<span class=\"__7 _355\"></span>s SA et Mobili<span class=\"__7 _355\"></span>\u00e8re et Immob<span class=\"__7 _355\"></span>ili\u00e8re<span class=\"__7 _355\"></span> du Cen<span class=\"__7 _355\"></span>tre SA f<span class=\"__7 _355\"></span>ormen<span class=\"__7 _355\"></span>t un consortium au sen<span class=\"__7 _355\"></span>s de l\u2019<span class=\"__7 _361\"></span>article 1:19 du CSA (ensem<span class=\"__7 _355\"></span>ble l\u2019\u00ab Actionnair<span class=\"__7 _355\"></span>e de R<span class=\"__7 _355\"></span>\u00e9f\u00e9r<span class=\"__7 _355\"></span>ence \u00bb).<span class=\"__7 _357\"> </span>Il re<span class=\"__7 _355\"></span>ssort de la derni\u00e8r<span class=\"__7 _355\"></span>e d\u00e9clar<span class=\"__7 _355\"></span>ation f<span class=\"__7 _355\"></span>aite le 2<span class=\"__7 _355\"></span>0 ao\u00fbt 2<span class=\"__7 _355\"></span>025 p<span class=\"__7 _355\"></span>ar l\u2019<span class=\"__7 _361\"></span>Actionnair<span class=\"__7 _355\"></span>e de R<span class=\"__7 _355\"></span>\u00e9f\u00e9r<span class=\"__7 _355\"></span>ence en applica<span class=\"__7 _355\"></span>tion de l\u2019<span class=\"__7 _361\"></span>article 7<span class=\"__7 _358\"></span>4 de la loi du 1er a<span class=\"__7 _355\"></span>vril 200<span class=\"__7 _361\"></span>7 sur les offre<span class=\"__7 _355\"></span>s publiques d\u2019<span class=\"__7 _361\"></span>acquisiti<span class=\"__7 _355\"></span>on que les soci\u00e9<span class=\"__7 _355\"></span>t\u00e9s f<span class=\"__7 _355\"></span>orman<span class=\"__7 _355\"></span>t l\u2019<span class=\"__7 _361\"></span>Actionnair<span class=\"__7 _355\"></span>e de R\u00e9<span class=\"__7 _355\"></span>f\u00e9r<span class=\"__7 _355\"></span>ence d\u00e9ten<span class=\"__7 _355\"></span>aient a<span class=\"__7 _355\"></span>u 7 octobr<span class=\"__7 _355\"></span>e 20<span class=\"__7 _355\"></span>25 des ac<span class=\"__7 _355\"></span>tions de la Soci\u00e9t\u00e9 comm<span class=\"__7 _355\"></span>e suit<span class=\"__7 gs8_2\"> </span>:<span class=\"__7 _357\"> </span><table class=\"s_2 w226_1 h3d_1\" id=\"_53264a64-c54f-40b7-82fc-4e21da05d1de\"><tr><td></td><td class=\"t_7 m2_7 x15a_1 h4_7 y445_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE </td><td class=\"t_7 m2_7 x2c5_1 h4_7 y445_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">% DE </td></tr><tr><td></td><td class=\"t_7 m2_7 x15e_1 h4_7 y446_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">D'<span class=\"__7 _355\"></span>ACTIONS<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x2c6_1 h4_7 y446_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">P<span class=\"__7 _361\"></span>ART<span class=\"__7 _359\"></span>ICIP<span class=\"__7 _361\"></span>A<span class=\"__7 _361\"></span>TION<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x84_5 y447_2 w227_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Union Fina<span class=\"__7 _355\"></span>nci\u00e8re B<span class=\"__7 _355\"></span>o\u00ebl SA<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c7_1 y447_2 w228_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">8.225.<span class=\"__7 _355\"></span>068<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c8_1 y447_2 w229_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">22,41%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y448_2 w22a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Soci\u00e9t<span class=\"__7 _355\"></span>\u00e9 de P<span class=\"__7 _355\"></span>articipation<span class=\"__7 _355\"></span>s Indu<span class=\"__7 _355\"></span>strielles SA<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c9_1 y448_2 w22b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.092.485<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ca_1 y448_2 w22c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>4,<span class=\"__7 _355\"></span>78%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y449_2 w22d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mobili\u00e8r<span class=\"__7 _355\"></span>e et Immobili<span class=\"__7 _355\"></span>\u00e8re du C<span class=\"__7 _355\"></span>entre SA<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cb_1 y449_2 w22e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.<span class=\"__7 _355\"></span>717<span class=\"__7 _361\"></span>.<span class=\"__7 _361\"></span>108<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cc_1 y449_2 w22f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">7<span class=\"__7 _361\"></span>,40%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y44a_2 w230_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sous-t<span class=\"__7 _355\"></span>otal de l\u2019<span class=\"__7 _361\"></span>Actionnair<span class=\"__7 _355\"></span>e de R\u00e9<span class=\"__7 _355\"></span>f\u00e9renc<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cd_1 y44a_2 w231_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>0.<span class=\"__7 _355\"></span>034.661<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ce_1 y44a_2 w232_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">54,60%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y44b_2 w233_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sofina SA (ac<span class=\"__7 _355\"></span>tions pr<span class=\"__7 _355\"></span>opres)<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cf_1 y44b_2 w234_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _355\"></span>149<span class=\"__7 _355\"></span>.306<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d0_1 y44b_2 w235_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3,<span class=\"__7 _361\"></span>13%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w236_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4b_5 ws65_4\">To<span class=\"__7 _356\"></span>t<span class=\"__7 _364\"></span>a<span class=\"__7 _356\"></span>l<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d1_1 y35f_3 w237_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">21.<span class=\"__7 _361\"></span>183<span class=\"__7 _355\"></span>.96<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d2_1 y35f_3 w238_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls1c_7 ws21_7\">5<span class=\"__7 _359\"></span>7,<span class=\"__7 _356\"></span>7<span class=\"__7 _359\"></span>3<span class=\"__7 _356\"></span>%<span class=\"__7 _357\"> </span></div></td></tr></table>Au 3<span class=\"__7 _355\"></span>1 d\u00e9cembr<span class=\"__7 _355\"></span>e 20<span class=\"__7 _355\"></span>25, So<span class=\"__7 _355\"></span>fina d\u00e9tenait 1.2<span class=\"__7 _361\"></span>35.303 ac<span class=\"__7 _355\"></span>tions pr<span class=\"__7 _355\"></span>opre<span class=\"__7 _355\"></span>s repr<span class=\"__7 _355\"></span>\u00e9sen<span class=\"__7 _355\"></span>tant 3<span class=\"__7 _355\"></span>,3<span class=\"__7 _361\"></span>7% de son capit<span class=\"__7 _355\"></span>al social.<span class=\"__7 _357\"> </span>R<span class=\"__7 _355\"></span>\u00e9mun\u00e9r<span class=\"__7 _355\"></span>ation de<span class=\"__7 _355\"></span>s Commi<span class=\"__7 _355\"></span>ssaire<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span><table class=\"s_2 w255_1 h3f\" id=\"_6bedfccb-ae61-4911-b5ad-5126c0750847\"><tr><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x2ec_1 h3_7 y45b_2 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"c_2 n_2 x2ed_1 y45c_2 w18a_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ee_1 y45c_2 w1d6_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">20<span class=\"__7 _359\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x2ef_1 y45d_2 w256_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mission<span class=\"__7 _355\"></span>s r\u00e9<span class=\"__7 _355\"></span>visorale<span class=\"__7 _355\"></span>s effectu\u00e9<span class=\"__7 _355\"></span>es par le Commi<span class=\"__7 _355\"></span>ssaire<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f0_1 y45d_2 wdb_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">119<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f1_1 y45d_2 w257_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">115<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y45e_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es mission<span class=\"__7 _355\"></span>s ext\u00e9rie<span class=\"__7 _355\"></span>ures \u00e0 l<span class=\"__7 _355\"></span>a mission r\u00e9<span class=\"__7 _355\"></span>visora<span class=\"__7 _355\"></span>le effectu\u00e9<span class=\"__7 _355\"></span>es </td><td class=\"c_2 n_2 x2f3_1 y45f_2 w258_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4c_5 ws87_1\">1<span class=\"__7 _359\"></span>73<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f4_1 y45f_2 w259_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">16<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y460_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">par le r<span class=\"__7 _355\"></span>\u00e9seau du C<span class=\"__7 _355\"></span>ommissair<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y461_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es mission<span class=\"__7 _355\"></span>s ext\u00e9rie<span class=\"__7 _355\"></span>ures \u00e0 l<span class=\"__7 _355\"></span>a mission r\u00e9<span class=\"__7 _355\"></span>visora<span class=\"__7 _355\"></span>le effectu\u00e9<span class=\"__7 _355\"></span>es </td><td class=\"c_2 n_2 x2f5_1 y462_2 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f6_1 y462_2 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y463_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">par le r<span class=\"__7 _355\"></span>\u00e9seau du C<span class=\"__7 _355\"></span>ommissair<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x2ef_1 y464_2 w25a_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mission<span class=\"__7 _355\"></span>s r\u00e9<span class=\"__7 _355\"></span>visorale<span class=\"__7 _355\"></span>s effectu\u00e9<span class=\"__7 _355\"></span>es par le r<span class=\"__7 _355\"></span>\u00e9seau du C<span class=\"__7 _355\"></span>ommissaire<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f7_1 y464_2 w25b_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">760<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f8_1 y464_2 w25c_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls45_5 ws20_7\">412<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x2ef_1 y465_2 w25d_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mission<span class=\"__7 _355\"></span>s de conseil<span class=\"__7 _355\"></span>s fiscaux<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f9_1 y465_2 w1e_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2fa_1 y465_2 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w25e_1 h20_6\"><div class=\"t_7 m2_7 x80_5 h13_7 y466_2 ffb_2 fs8_7 fc4_7 sc0_7 ls1f_7 ws5e_5\">1\ue005</div></td><td class=\"c_2 n_2 x2fb_1 y35f_3 w25f_1 h20_6\"><div class=\"t_7 m2_7 x80_5 h13_7 y466_2 ffb_2 fs8_7 fc4_7 sc0_7 ls1f_7 ws5e_5\"><span class=\"__7 _365\"> </span><span class=\"__7 gsf0_1\"> </span><span class=\"__7 _8f_2\"></span>Suite\ue005\u00e0\ue005la\ue005di<span class=\"__7 _355\"></span>ssolution<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>C<span class=\"__7 _355\"></span>omit\u00e9<span class=\"__7 gs79_1\"> </span>ex<span class=\"__7 _355\"></span>\u00e9cutif,<span class=\"__7 gs79_1\"> </span>le<span class=\"__7 gs79_1\"> </span>C<span class=\"__7 _355\"></span>onseil<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>dir<span class=\"__7 _355\"></span>ection<span class=\"__7 gs79_1\"> </span>a<span class=\"__7 gs79_1\"> </span>\u00e9t\u00e9<span class=\"__7 gs79_1\"> </span>mis<span class=\"__7 gs79_1\"> </span>en<span class=\"__7 gs79_1\"> </span>pl<span class=\"__7 _355\"></span>ace<span class=\"__7 gs79_1\"> </span>en<span class=\"__7 gs79_1\"> </span>janvier<span class=\"__7 gs79_1\"> </span>2<span class=\"__7 _355\"></span>02<span class=\"__7 _361\"></span>4.<span class=\"__7 gs79_1\"> </span>Il<span class=\"__7 gs79_1\"> </span>comptait<span class=\"__7 gs79_1\"> </span>initialem<span class=\"__7 _355\"></span>ent<span class=\"__7 gs79_1\"> </span>qua<span class=\"__7 _355\"></span>tre<span class=\"__7 gs79_1\"> </span>membr<span class=\"__7 _355\"></span>es<span class=\"__7 gs79_1\"> </span>(hors<span class=\"__7 gs79_1\"> </span>CE<span class=\"__7 _355\"></span>O),<span class=\"__7 gs79_1\"> </span>puis<span class=\"__7 gs79_1\"> </span>cinq<span class=\"__7 gs79_1\"> </span>mem<span class=\"__7 _355\"></span>bres<span class=\"__7 gs79_1\"> </span>\u00e0<span class=\"__7 gs79_1\"> </span>comp<span class=\"__7 _355\"></span>ter<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>1er<span class=\"__7 gs79_1\"> </span>juille<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>20<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>4.<span class=\"__7 gs79_1\"> </span>\u00c0<span class=\"__7 gs79_1\"> </span>partir<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>1er<span class=\"__7 gs79_1\"> </span>janvier<span class=\"__7 gs79_1\"> </span>2<span class=\"__7 _355\"></span>025<span class=\"__7 _355\"></span>,<span class=\"__7 gs79_1\"> </span>la<span class=\"__7 gs79_1\"> </span>r\u00e9mun\u00e9r<span class=\"__7 _355\"></span>ation<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>C<span class=\"__7 _355\"></span>EO<span class=\"__7 gs79_1\"> </span></div></td><td></td><td></td><td></td></tr></table>et<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>autr<span class=\"__7 _355\"></span>es<span class=\"__7 gs79_1\"> </span>membr<span class=\"__7 _355\"></span>es<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>Con<span class=\"__7 _355\"></span>seil<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>directi<span class=\"__7 _355\"></span>on<span class=\"__7 gs79_1\"> </span>a<span class=\"__7 gs79_1\"> </span>\u00e9t\u00e9<span class=\"__7 gs79_1\"> </span>re<span class=\"__7 _355\"></span>vue,<span class=\"__7 gs79_1\"> </span>ave<span class=\"__7 _355\"></span>c<span class=\"__7 gs79_1\"> </span>une<span class=\"__7 gs79_1\"> </span>r\u00e9ducti<span class=\"__7 _355\"></span>on<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>salaire<span class=\"__7 gs79_1\"> </span>fix<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>et<span class=\"__7 gs79_1\"> </span>l\u2019intr<span class=\"__7 _355\"></span>oduction<span class=\"__7 gs79_1\"> </span>d\u2019un<span class=\"__7 gs79_1\"> </span>incit<span class=\"__7 _355\"></span>ant<span class=\"__7 gs79_1\"> </span>\u00e0<span class=\"__7 gs79_1\"> </span>court<span class=\"__7 gs79_1\"> </span>t<span class=\"__7 _355\"></span>erme<span class=\"__7 gs79_1\"> </span>(\u00ab\u202fSTI\u202f\u00bb).<span class=\"__7 gs79_1\"> </span>L<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>salaire<span class=\"__7 gs79_1\"> </span>fix<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>r\u00e9duit,<span class=\"__7 gs79_1\"> </span>c<span class=\"__7 _355\"></span>ombin\u00e9<span class=\"__7 gs79_1\"> </span>au<span class=\"__7 gs79_1\"> </span>S<span class=\"__7 _355\"></span>TI<span class=\"__7 gs79_1\"> </span>au<span class=\"__7 gs79_1\"> </span>niveau<span class=\"__7 gs79_1\"> </span>cible,<span class=\"__7 gs79_1\"> </span>e<span class=\"__7 _355\"></span>st<span class=\"__7 gs79_1\"> </span>\u00e9quivalen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>au<span class=\"__7 gs79_1\"> </span>salair<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>fixe<span class=\"__7 gs79_1\"> </span>pr\u00e9c<span class=\"__7 _355\"></span>\u00e9dent.<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-306": {
   "value": "3.<span class=\"__7 _358\"></span>18 TRA<span class=\"__7 _355\"></span>NSA<span class=\"__7 _355\"></span>CTIO<span class=\"__7 _355\"></span>NS A<span class=\"__7 _358\"></span>VEC D<span class=\"__7 _355\"></span>E<span class=\"__7 _355\"></span>S P<span class=\"__7 _358\"></span>ARTIE<span class=\"__7 _355\"></span>S L<span class=\"__7 _355\"></span>I\u00c9E<span class=\"__7 _355\"></span>S<span class=\"__7 _357\"> </span>EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span><table class=\"s_2 w222_1 h3c_1\" id=\"_a78f609d-37c8-4dd4-9d54-91a35ea04987\"><tr><td></td><td></td><td class=\"t_7 m2_7 x83_5 h4_7 y440_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">A<span class=\"__7 _355\"></span>CTIF<span class=\"__7 _355\"></span>S ET P<span class=\"__7 _361\"></span>ASSIF<span class=\"__7 _355\"></span>S<span class=\"__7 _f7_1\"> </span><span class=\"ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _366\"> </span>31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></span></td></tr><tr><td class=\"c_2 n_2 x84_5 y441_2 w223_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es \u00e0 long terme de<span class=\"__7 _355\"></span>s entr<span class=\"__7 _355\"></span>eprises li\u00e9e<span class=\"__7 _355\"></span>s non cons<span class=\"__7 _355\"></span>olid\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c1_1 y441_2 w19_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c2_1 y441_2 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y442_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es \u00e0 court terme sur de<span class=\"__7 _355\"></span>s entr<span class=\"__7 _355\"></span>eprises li\u00e9e<span class=\"__7 _355\"></span>s non </td><td class=\"c_2 n_2 x224_1 y443_2 w43_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">434.2<span class=\"__7 _355\"></span>47<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x225_1 y443_2 w175_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">420<span class=\"__7 _355\"></span>.95<span class=\"__7 _361\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y444_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">con<span class=\"__7 _355\"></span>solid\u00e9es<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w224_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s vis-\u00e0-vis d\u2019<span class=\"__7 _358\"></span>entrepri<span class=\"__7 _355\"></span>ses li\u00e9es n<span class=\"__7 _355\"></span>on consolid\u00e9<span class=\"__7 _355\"></span>es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c3_1 y35f_3 w225_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-6.<span class=\"__7 _358\"></span>105<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c4_1 y35f_3 w178_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-138.5<span class=\"__7 _355\"></span>35<span class=\"__7 _357\"> </span></div></td></tr></table><table class=\"s_2 w239_1 h3e_1\" id=\"_67457e43-b71e-40a7-9eae-acd5bf02ca21\"><tr><td class=\"t_7 m2_7 x83_5 h4_7 y44c_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">R\u00c9<span class=\"__7 _355\"></span>SUL<span class=\"__7 _361\"></span>T<span class=\"__7 _361\"></span>A<span class=\"__7 _358\"></span>TS DES TRA<span class=\"__7 _355\"></span>NSAC<span class=\"__7 _355\"></span>TIONS ENTR<span class=\"__7 _355\"></span>E P<span class=\"__7 _361\"></span>ARTIES L<span class=\"__7 _355\"></span>I\u00c9E<span class=\"__7 _355\"></span>S OU </td><td class=\"c_2 n_2 x22a_1 y44d_2 w17c_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x22b_1 y44d_2 w17d_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h4_7 y44e_2 ff2_7 fs3_7 fc2_7 sc0_7 ls47_5 ws84_1\">AS<span class=\"__7 _359\"></span>SOC<span class=\"__7 _359\"></span>I\u00c9ES<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y44f_2 w17e_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dividende<span class=\"__7 _355\"></span>s re\u00e7us d\u2019<span class=\"__7 _358\"></span>entr<span class=\"__7 _355\"></span>eprises li<span class=\"__7 _355\"></span>\u00e9es non con<span class=\"__7 _355\"></span>solid\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d3_1 y44f_2 w17f_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">80.<span class=\"__7 _361\"></span>770<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d4_1 y44f_2 w23a_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.013<span class=\"__7 _355\"></span>.2<span class=\"__7 _355\"></span>76<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y450_2 w181_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dividende<span class=\"__7 _355\"></span>s re\u00e7us d\u2019<span class=\"__7 _358\"></span>entr<span class=\"__7 _355\"></span>eprises a<span class=\"__7 _355\"></span>ssoci\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d5_1 y450_2 w182_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">7<span class=\"__7 _358\"></span>.500<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d6_1 y450_2 w183_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5.614<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y451_2 w23b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats r<span class=\"__7 _355\"></span>e\u00e7us d\u2019<span class=\"__7 _358\"></span>entr<span class=\"__7 _355\"></span>eprises li\u00e9<span class=\"__7 _355\"></span>es non con<span class=\"__7 _355\"></span>solid\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d7_1 y451_2 w23c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.28<span class=\"__7 _355\"></span>9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d8_1 y451_2 w190_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.228<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y452_2 w23d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats p<span class=\"__7 _355\"></span>ay\u00e9s aux en<span class=\"__7 _355\"></span>trepri<span class=\"__7 _355\"></span>ses li\u00e9es n<span class=\"__7 _355\"></span>on consolid\u00e9<span class=\"__7 _355\"></span>es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d9_1 y452_2 w195_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls32_7 ws56_5\">-27<span class=\"__7 _359\"></span>0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2da_1 y452_2 w196_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-841<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y453_2 w23e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Services pre<span class=\"__7 _355\"></span>st\u00e9s a<span class=\"__7 _355\"></span>ux entre<span class=\"__7 _355\"></span>prises li\u00e9e<span class=\"__7 _355\"></span>s non consoli<span class=\"__7 _355\"></span>d\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2db_1 y453_2 w23f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls6_7 ws5_7\">3.<span class=\"__7 _359\"></span>289<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2dc_1 y453_2 w240_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.82<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y454_2 w241_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Services re\u00e7<span class=\"__7 _355\"></span>us des en<span class=\"__7 _355\"></span>treprise<span class=\"__7 _355\"></span>s li\u00e9es non con<span class=\"__7 _355\"></span>solid\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2dd_1 y454_2 w242_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-1.44<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2de_1 y454_2 w243_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-1.268<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y456_2 w244_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R<span class=\"__7 _355\"></span>\u00e9mun\u00e9ra<span class=\"__7 _355\"></span>tion des principaux dirigea<span class=\"__7 _355\"></span>nts</div><div class=\"t_7 m2_7 x2df_1 h14_7 y455_2 ff2_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">1<span class=\"__7 _357\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y457_2 w245_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9m<span class=\"__7 _355\"></span>un\u00e9ra<span class=\"__7 _355\"></span>tion brute fix<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e0_1 y457_2 w246_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.2<span class=\"__7 _355\"></span>41<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e1_1 y457_2 w247_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.<span class=\"__7 _355\"></span>585<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ec_3 w248_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9m<span class=\"__7 _355\"></span>un\u00e9ra<span class=\"__7 _355\"></span>tion brute v<span class=\"__7 _355\"></span>ariable<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e2_1 y3ec_3 wbf_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">4.285<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e3_1 y3ec_3 w249_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3.2<span class=\"__7 _355\"></span>69<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ed_3 w24a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _c7\"></span>anti\u00e8m<span class=\"__7 _355\"></span>es et jet<span class=\"__7 _355\"></span>ons de pr<span class=\"__7 _355\"></span>\u00e9sence<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e4_1 y3ed_3 w24b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.539<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e5_1 y3ed_3 w24c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.263<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y43c_2 w24d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Assur<span class=\"__7 _355\"></span>ance de gr<span class=\"__7 _355\"></span>oupe, ho<span class=\"__7 _355\"></span>spitalisa<span class=\"__7 _355\"></span>tion et soin<span class=\"__7 _355\"></span>s de sant<span class=\"__7 _355\"></span>\u00e9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e6_1 y43c_2 w24e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">925<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e7_1 y43c_2 w24f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls48_5 ws47_5\">51<span class=\"__7 _359\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y441_2 w250_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Char<span class=\"__7 _355\"></span>ges li\u00e9es aux p<span class=\"__7 _355\"></span>aiement<span class=\"__7 _355\"></span>s fond\u00e9s sur de<span class=\"__7 _355\"></span>s action<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e8_1 y441_2 w251_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls36_6 ws5b_5\">5.34<span class=\"__7 _359\"></span>0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e9_1 y441_2 w252_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">4.296<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y458_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Donn\u00e9es r<span class=\"__7 _355\"></span>elativ<span class=\"__7 _355\"></span>es aux tr<span class=\"__7 _355\"></span>ansacti<span class=\"__7 _355\"></span>ons significa<span class=\"__7 _355\"></span>tives, en<span class=\"__7 _355\"></span>tre de<span class=\"__7 _355\"></span>s </td><td class=\"c_2 n_2 x226_1 y459_2 w253_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls33_7 ws57_5\">N\u00e9<span class=\"__7 _359\"></span>ant<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ea_1 y459_2 w254_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls33_7 ws57_5\">N\u00e9<span class=\"__7 _359\"></span>ant<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y45a_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">parties li<span class=\"__7 _355\"></span>\u00e9es, effec<span class=\"__7 _355\"></span>tu\u00e9es en dehor<span class=\"__7 _355\"></span>s des condition<span class=\"__7 _355\"></span>s du mar<span class=\"__7 _355\"></span>ch\u00e9<span class=\"__7 _357\"> </span></td><td></td><td></td></tr></table>En c<span class=\"__7 _355\"></span>e qui concerne le<span class=\"__7 _355\"></span>s cr\u00e9a<span class=\"__7 _355\"></span>nces sur e<span class=\"__7 _355\"></span>t les dett<span class=\"__7 _355\"></span>es envers de<span class=\"__7 _355\"></span>s soci\u00e9t<span class=\"__7 _355\"></span>\u00e9s li\u00e9es n<span class=\"__7 _355\"></span>on consoli<span class=\"__7 _355\"></span>d\u00e9es, il s\u2019<span class=\"__7 _361\"></span>agit essen<span class=\"__7 _355\"></span>tiellemen<span class=\"__7 _355\"></span>t de pr\u00eat<span class=\"__7 _355\"></span>s et d\u00e9p\u00f4ts en<span class=\"__7 _355\"></span>tre So<span class=\"__7 _355\"></span>fina et ses filia<span class=\"__7 _355\"></span>les. L<span class=\"__7 _355\"></span>es m\u00e9<span class=\"__7 _355\"></span>thodes de r<span class=\"__7 _355\"></span>\u00e9mun\u00e9ra<span class=\"__7 _355\"></span>tion de ceux-ci son<span class=\"__7 _355\"></span>t d\u00e9taill\u00e9es a<span class=\"__7 _355\"></span>u point 3<span class=\"__7 _355\"></span>.9 ci-de<span class=\"__7 _355\"></span>ssus.<span class=\"__7 _357\"> </span>En ce q<span class=\"__7 _355\"></span>ui concerne le<span class=\"__7 _355\"></span>s ser<span class=\"__7 _359\"></span>vices pr<span class=\"__7 _355\"></span>est<span class=\"__7 _355\"></span>\u00e9s, ils inc<span class=\"__7 _355\"></span>luent e<span class=\"__7 _355\"></span>ssentiellem<span class=\"__7 _355\"></span>ent des pr<span class=\"__7 _355\"></span>esta<span class=\"__7 _355\"></span>tions de s<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>vices d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t et de con<span class=\"__7 _355\"></span>seil en inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>t rela<span class=\"__7 _355\"></span>tifs \u00e0 des opportunit<span class=\"__7 _355\"></span>\u00e9s d\u2019inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>t et aux inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>ts d\u00e9t<span class=\"__7 _355\"></span>enus pa<span class=\"__7 _355\"></span>r le b\u00e9n\u00e9ficiair<span class=\"__7 _355\"></span>e de ser<span class=\"__7 _359\"></span>vice<span class=\"__7 _355\"></span>s. En c<span class=\"__7 _355\"></span>e qui concerne le<span class=\"__7 _355\"></span>s ser<span class=\"__7 _359\"></span>vices r<span class=\"__7 _355\"></span>e\u00e7us<span class=\"__7 _355\"></span>, il s\u2019<span class=\"__7 _355\"></span>agit essen<span class=\"__7 _355\"></span>tiellemen<span class=\"__7 _355\"></span>t de pre<span class=\"__7 _355\"></span>stati<span class=\"__7 _355\"></span>ons de services de ges<span class=\"__7 _355\"></span>tion de tr\u00e9<span class=\"__7 _355\"></span>sorerie<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>Sofina s\u2019<span class=\"__7 _c7\"></span>est port\u00e9e gar<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>te des enga<span class=\"__7 _355\"></span>gements de s<span class=\"__7 _355\"></span>es soci\u00e9t<span class=\"__7 _355\"></span>\u00e9s li\u00e9es n<span class=\"__7 _355\"></span>on consoli<span class=\"__7 _355\"></span>d\u00e9es (c\u2019<span class=\"__7 _358\"></span>est-\u00e0-dir<span class=\"__7 _355\"></span>e ses filiale<span class=\"__7 _355\"></span>s).<span class=\"__7 _357\"> </span>Struc<span class=\"__7 _355\"></span>tur<span class=\"__7 _355\"></span>e de l\u2019<span class=\"__7 _355\"></span>actionna<span class=\"__7 _355\"></span>riat<span class=\"__7 _357\"> </span>Union Fina<span class=\"__7 _355\"></span>nci\u00e8r<span class=\"__7 _355\"></span>e Bo\u00ebl SA, Soci\u00e9t<span class=\"__7 _355\"></span>\u00e9 de P<span class=\"__7 _355\"></span>articipa<span class=\"__7 _355\"></span>tions Ind<span class=\"__7 _355\"></span>ustrielle<span class=\"__7 _355\"></span>s SA et Mobili<span class=\"__7 _355\"></span>\u00e8re et Immob<span class=\"__7 _355\"></span>ili\u00e8re<span class=\"__7 _355\"></span> du Cen<span class=\"__7 _355\"></span>tre SA f<span class=\"__7 _355\"></span>ormen<span class=\"__7 _355\"></span>t un consortium au sen<span class=\"__7 _355\"></span>s de l\u2019<span class=\"__7 _361\"></span>article 1:19 du CSA (ensem<span class=\"__7 _355\"></span>ble l\u2019\u00ab Actionnair<span class=\"__7 _355\"></span>e de R<span class=\"__7 _355\"></span>\u00e9f\u00e9r<span class=\"__7 _355\"></span>ence \u00bb).<span class=\"__7 _357\"> </span>Il re<span class=\"__7 _355\"></span>ssort de la derni\u00e8r<span class=\"__7 _355\"></span>e d\u00e9clar<span class=\"__7 _355\"></span>ation f<span class=\"__7 _355\"></span>aite le 2<span class=\"__7 _355\"></span>0 ao\u00fbt 2<span class=\"__7 _355\"></span>025 p<span class=\"__7 _355\"></span>ar l\u2019<span class=\"__7 _361\"></span>Actionnair<span class=\"__7 _355\"></span>e de R<span class=\"__7 _355\"></span>\u00e9f\u00e9r<span class=\"__7 _355\"></span>ence en applica<span class=\"__7 _355\"></span>tion de l\u2019<span class=\"__7 _361\"></span>article 7<span class=\"__7 _358\"></span>4 de la loi du 1er a<span class=\"__7 _355\"></span>vril 200<span class=\"__7 _361\"></span>7 sur les offre<span class=\"__7 _355\"></span>s publiques d\u2019<span class=\"__7 _361\"></span>acquisiti<span class=\"__7 _355\"></span>on que les soci\u00e9<span class=\"__7 _355\"></span>t\u00e9s f<span class=\"__7 _355\"></span>orman<span class=\"__7 _355\"></span>t l\u2019<span class=\"__7 _361\"></span>Actionnair<span class=\"__7 _355\"></span>e de R\u00e9<span class=\"__7 _355\"></span>f\u00e9r<span class=\"__7 _355\"></span>ence d\u00e9ten<span class=\"__7 _355\"></span>aient a<span class=\"__7 _355\"></span>u 7 octobr<span class=\"__7 _355\"></span>e 20<span class=\"__7 _355\"></span>25 des ac<span class=\"__7 _355\"></span>tions de la Soci\u00e9t\u00e9 comm<span class=\"__7 _355\"></span>e suit<span class=\"__7 gs8_2\"> </span>:<span class=\"__7 _357\"> </span><table class=\"s_2 w226_1 h3d_1\" id=\"_53264a64-c54f-40b7-82fc-4e21da05d1de\"><tr><td></td><td class=\"t_7 m2_7 x15a_1 h4_7 y445_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE </td><td class=\"t_7 m2_7 x2c5_1 h4_7 y445_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">% DE </td></tr><tr><td></td><td class=\"t_7 m2_7 x15e_1 h4_7 y446_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">D'<span class=\"__7 _355\"></span>ACTIONS<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x2c6_1 h4_7 y446_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">P<span class=\"__7 _361\"></span>ART<span class=\"__7 _359\"></span>ICIP<span class=\"__7 _361\"></span>A<span class=\"__7 _361\"></span>TION<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x84_5 y447_2 w227_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Union Fina<span class=\"__7 _355\"></span>nci\u00e8re B<span class=\"__7 _355\"></span>o\u00ebl SA<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c7_1 y447_2 w228_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">8.225.<span class=\"__7 _355\"></span>068<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c8_1 y447_2 w229_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">22,41%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y448_2 w22a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Soci\u00e9t<span class=\"__7 _355\"></span>\u00e9 de P<span class=\"__7 _355\"></span>articipation<span class=\"__7 _355\"></span>s Indu<span class=\"__7 _355\"></span>strielles SA<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c9_1 y448_2 w22b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.092.485<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ca_1 y448_2 w22c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>4,<span class=\"__7 _355\"></span>78%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y449_2 w22d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mobili\u00e8r<span class=\"__7 _355\"></span>e et Immobili<span class=\"__7 _355\"></span>\u00e8re du C<span class=\"__7 _355\"></span>entre SA<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cb_1 y449_2 w22e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.<span class=\"__7 _355\"></span>717<span class=\"__7 _361\"></span>.<span class=\"__7 _361\"></span>108<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cc_1 y449_2 w22f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">7<span class=\"__7 _361\"></span>,40%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y44a_2 w230_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sous-t<span class=\"__7 _355\"></span>otal de l\u2019<span class=\"__7 _361\"></span>Actionnair<span class=\"__7 _355\"></span>e de R\u00e9<span class=\"__7 _355\"></span>f\u00e9renc<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cd_1 y44a_2 w231_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>0.<span class=\"__7 _355\"></span>034.661<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ce_1 y44a_2 w232_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">54,60%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y44b_2 w233_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sofina SA (ac<span class=\"__7 _355\"></span>tions pr<span class=\"__7 _355\"></span>opres)<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cf_1 y44b_2 w234_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _355\"></span>149<span class=\"__7 _355\"></span>.306<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d0_1 y44b_2 w235_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3,<span class=\"__7 _361\"></span>13%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w236_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4b_5 ws65_4\">To<span class=\"__7 _356\"></span>t<span class=\"__7 _364\"></span>a<span class=\"__7 _356\"></span>l<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d1_1 y35f_3 w237_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">21.<span class=\"__7 _361\"></span>183<span class=\"__7 _355\"></span>.96<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d2_1 y35f_3 w238_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls1c_7 ws21_7\">5<span class=\"__7 _359\"></span>7,<span class=\"__7 _356\"></span>7<span class=\"__7 _359\"></span>3<span class=\"__7 _356\"></span>%<span class=\"__7 _357\"> </span></div></td></tr></table>Au 3<span class=\"__7 _355\"></span>1 d\u00e9cembr<span class=\"__7 _355\"></span>e 20<span class=\"__7 _355\"></span>25, So<span class=\"__7 _355\"></span>fina d\u00e9tenait 1.2<span class=\"__7 _361\"></span>35.303 ac<span class=\"__7 _355\"></span>tions pr<span class=\"__7 _355\"></span>opre<span class=\"__7 _355\"></span>s repr<span class=\"__7 _355\"></span>\u00e9sen<span class=\"__7 _355\"></span>tant 3<span class=\"__7 _355\"></span>,3<span class=\"__7 _361\"></span>7% de son capit<span class=\"__7 _355\"></span>al social.<span class=\"__7 _357\"> </span>R<span class=\"__7 _355\"></span>\u00e9mun\u00e9r<span class=\"__7 _355\"></span>ation de<span class=\"__7 _355\"></span>s Commi<span class=\"__7 _355\"></span>ssaire<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span><table class=\"s_2 w255_1 h3f\" id=\"_6bedfccb-ae61-4911-b5ad-5126c0750847\"><tr><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x2ec_1 h3_7 y45b_2 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"c_2 n_2 x2ed_1 y45c_2 w18a_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ee_1 y45c_2 w1d6_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">20<span class=\"__7 _359\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x2ef_1 y45d_2 w256_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mission<span class=\"__7 _355\"></span>s r\u00e9<span class=\"__7 _355\"></span>visorale<span class=\"__7 _355\"></span>s effectu\u00e9<span class=\"__7 _355\"></span>es par le Commi<span class=\"__7 _355\"></span>ssaire<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f0_1 y45d_2 wdb_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">119<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f1_1 y45d_2 w257_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">115<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y45e_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es mission<span class=\"__7 _355\"></span>s ext\u00e9rie<span class=\"__7 _355\"></span>ures \u00e0 l<span class=\"__7 _355\"></span>a mission r\u00e9<span class=\"__7 _355\"></span>visora<span class=\"__7 _355\"></span>le effectu\u00e9<span class=\"__7 _355\"></span>es </td><td class=\"c_2 n_2 x2f3_1 y45f_2 w258_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4c_5 ws87_1\">1<span class=\"__7 _359\"></span>73<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f4_1 y45f_2 w259_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">16<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y460_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">par le r<span class=\"__7 _355\"></span>\u00e9seau du C<span class=\"__7 _355\"></span>ommissair<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y461_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es mission<span class=\"__7 _355\"></span>s ext\u00e9rie<span class=\"__7 _355\"></span>ures \u00e0 l<span class=\"__7 _355\"></span>a mission r\u00e9<span class=\"__7 _355\"></span>visora<span class=\"__7 _355\"></span>le effectu\u00e9<span class=\"__7 _355\"></span>es </td><td class=\"c_2 n_2 x2f5_1 y462_2 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f6_1 y462_2 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y463_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">par le r<span class=\"__7 _355\"></span>\u00e9seau du C<span class=\"__7 _355\"></span>ommissair<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x2ef_1 y464_2 w25a_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mission<span class=\"__7 _355\"></span>s r\u00e9<span class=\"__7 _355\"></span>visorale<span class=\"__7 _355\"></span>s effectu\u00e9<span class=\"__7 _355\"></span>es par le r<span class=\"__7 _355\"></span>\u00e9seau du C<span class=\"__7 _355\"></span>ommissaire<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f7_1 y464_2 w25b_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">760<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f8_1 y464_2 w25c_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls45_5 ws20_7\">412<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x2ef_1 y465_2 w25d_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mission<span class=\"__7 _355\"></span>s de conseil<span class=\"__7 _355\"></span>s fiscaux<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f9_1 y465_2 w1e_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2fa_1 y465_2 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w25e_1 h20_6\"><div class=\"t_7 m2_7 x80_5 h13_7 y466_2 ffb_2 fs8_7 fc4_7 sc0_7 ls1f_7 ws5e_5\">1\ue005</div></td><td class=\"c_2 n_2 x2fb_1 y35f_3 w25f_1 h20_6\"><div class=\"t_7 m2_7 x80_5 h13_7 y466_2 ffb_2 fs8_7 fc4_7 sc0_7 ls1f_7 ws5e_5\"><span class=\"__7 _365\"> </span><span class=\"__7 gsf0_1\"> </span><span class=\"__7 _8f_2\"></span>Suite\ue005\u00e0\ue005la\ue005di<span class=\"__7 _355\"></span>ssolution<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>C<span class=\"__7 _355\"></span>omit\u00e9<span class=\"__7 gs79_1\"> </span>ex<span class=\"__7 _355\"></span>\u00e9cutif,<span class=\"__7 gs79_1\"> </span>le<span class=\"__7 gs79_1\"> </span>C<span class=\"__7 _355\"></span>onseil<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>dir<span class=\"__7 _355\"></span>ection<span class=\"__7 gs79_1\"> </span>a<span class=\"__7 gs79_1\"> </span>\u00e9t\u00e9<span class=\"__7 gs79_1\"> </span>mis<span class=\"__7 gs79_1\"> </span>en<span class=\"__7 gs79_1\"> </span>pl<span class=\"__7 _355\"></span>ace<span class=\"__7 gs79_1\"> </span>en<span class=\"__7 gs79_1\"> </span>janvier<span class=\"__7 gs79_1\"> </span>2<span class=\"__7 _355\"></span>02<span class=\"__7 _361\"></span>4.<span class=\"__7 gs79_1\"> </span>Il<span class=\"__7 gs79_1\"> </span>comptait<span class=\"__7 gs79_1\"> </span>initialem<span class=\"__7 _355\"></span>ent<span class=\"__7 gs79_1\"> </span>qua<span class=\"__7 _355\"></span>tre<span class=\"__7 gs79_1\"> </span>membr<span class=\"__7 _355\"></span>es<span class=\"__7 gs79_1\"> </span>(hors<span class=\"__7 gs79_1\"> </span>CE<span class=\"__7 _355\"></span>O),<span class=\"__7 gs79_1\"> </span>puis<span class=\"__7 gs79_1\"> </span>cinq<span class=\"__7 gs79_1\"> </span>mem<span class=\"__7 _355\"></span>bres<span class=\"__7 gs79_1\"> </span>\u00e0<span class=\"__7 gs79_1\"> </span>comp<span class=\"__7 _355\"></span>ter<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>1er<span class=\"__7 gs79_1\"> </span>juille<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>20<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>4.<span class=\"__7 gs79_1\"> </span>\u00c0<span class=\"__7 gs79_1\"> </span>partir<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>1er<span class=\"__7 gs79_1\"> </span>janvier<span class=\"__7 gs79_1\"> </span>2<span class=\"__7 _355\"></span>025<span class=\"__7 _355\"></span>,<span class=\"__7 gs79_1\"> </span>la<span class=\"__7 gs79_1\"> </span>r\u00e9mun\u00e9r<span class=\"__7 _355\"></span>ation<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>C<span class=\"__7 _355\"></span>EO<span class=\"__7 gs79_1\"> </span></div></td><td></td><td></td><td></td></tr></table>et<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>autr<span class=\"__7 _355\"></span>es<span class=\"__7 gs79_1\"> </span>membr<span class=\"__7 _355\"></span>es<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>Con<span class=\"__7 _355\"></span>seil<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>directi<span class=\"__7 _355\"></span>on<span class=\"__7 gs79_1\"> </span>a<span class=\"__7 gs79_1\"> </span>\u00e9t\u00e9<span class=\"__7 gs79_1\"> </span>re<span class=\"__7 _355\"></span>vue,<span class=\"__7 gs79_1\"> </span>ave<span class=\"__7 _355\"></span>c<span class=\"__7 gs79_1\"> </span>une<span class=\"__7 gs79_1\"> </span>r\u00e9ducti<span class=\"__7 _355\"></span>on<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>salaire<span class=\"__7 gs79_1\"> </span>fix<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>et<span class=\"__7 gs79_1\"> </span>l\u2019intr<span class=\"__7 _355\"></span>oduction<span class=\"__7 gs79_1\"> </span>d\u2019un<span class=\"__7 gs79_1\"> </span>incit<span class=\"__7 _355\"></span>ant<span class=\"__7 gs79_1\"> </span>\u00e0<span class=\"__7 gs79_1\"> </span>court<span class=\"__7 gs79_1\"> </span>t<span class=\"__7 _355\"></span>erme<span class=\"__7 gs79_1\"> </span>(\u00ab\u202fSTI\u202f\u00bb).<span class=\"__7 gs79_1\"> </span>L<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>salaire<span class=\"__7 gs79_1\"> </span>fix<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>r\u00e9duit,<span class=\"__7 gs79_1\"> </span>c<span class=\"__7 _355\"></span>ombin\u00e9<span class=\"__7 gs79_1\"> </span>au<span class=\"__7 gs79_1\"> </span>S<span class=\"__7 _355\"></span>TI<span class=\"__7 gs79_1\"> </span>au<span class=\"__7 gs79_1\"> </span>niveau<span class=\"__7 gs79_1\"> </span>cible,<span class=\"__7 gs79_1\"> </span>e<span class=\"__7 _355\"></span>st<span class=\"__7 gs79_1\"> </span>\u00e9quivalen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>au<span class=\"__7 gs79_1\"> </span>salair<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>fixe<span class=\"__7 gs79_1\"> </span>pr\u00e9c<span class=\"__7 _355\"></span>\u00e9dent.<span class=\"__7 _357\"> </span><div class=\"t_7 m4_7 h2_7 ff2_7 fs1_7 fc3_7 sc0_7 ls2_7 ws0_7 gs164_1\">P<span class=\"__7 _361\"></span>ar<span class=\"__7 _359\"></span>ticipa<span class=\"__7 _355\"></span>tions et c<span class=\"__7 _355\"></span>r\u00e9an<span class=\"__7 _355\"></span>ces<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws79_2 gs165_1\">L<span class=\"__7 _355\"></span>es participa<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur son<span class=\"__7 _355\"></span>t enregis<span class=\"__7 _355\"></span>tr\u00e9es \u00e0 l<span class=\"__7 _355\"></span>a dat<span class=\"__7 _355\"></span>e de tran<span class=\"__7 _355\"></span>saction et s<span class=\"__7 _355\"></span>ont \u00e9v<span class=\"__7 _355\"></span>alu\u00e9e<span class=\"__7 _355\"></span>s </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs166_1\">\u00e0 leur j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsaf gs167_1\">L<span class=\"__7 _355\"></span>es participa<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur son<span class=\"__7 _355\"></span>t cons<span class=\"__7 _355\"></span>titu\u00e9es de titr<span class=\"__7 _355\"></span>es qui son<span class=\"__7 _355\"></span>t acquis da<span class=\"__7 _355\"></span>ns le but d\u2019<span class=\"__7 _c7\"></span>ob<span class=\"__7 _359\"></span><span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsf_7 gs168_1\">tenir de<span class=\"__7 _355\"></span>s rendemen<span class=\"__7 _355\"></span>ts sou<span class=\"__7 _355\"></span>s la forme de pl<span class=\"__7 _355\"></span>us-va<span class=\"__7 _355\"></span>lues en cap<span class=\"__7 _355\"></span>ital et/<span class=\"__7 _c7\"></span>ou de r<span class=\"__7 _355\"></span>evenu<span class=\"__7 _355\"></span>s d\u2019inves<span class=\"__7 _355\"></span>tisse<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span></div><div class=\"t_7 m42_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls1e_7 ws27_7 gs169_1\">men<span class=\"__7 _355\"></span>ts. Elles son<span class=\"__7 _355\"></span>t \u00e9va<span class=\"__7 _355\"></span>lu\u00e9es \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e vale<span class=\"__7 _355\"></span>ur \u00e0 chaque da<span class=\"__7 _355\"></span>te de cl\u00f4<span class=\"__7 _355\"></span>ture<span class=\"__7 _355\"></span>. L<span class=\"__7 _355\"></span>es plus ou m<span class=\"__7 _355\"></span>oins-v<span class=\"__7 _355\"></span>alues </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws3a_5 gs16a_1\">la<span class=\"__7 _355\"></span>tent<span class=\"__7 _355\"></span>es son<span class=\"__7 _355\"></span>t compt<span class=\"__7 _355\"></span>abilis\u00e9e<span class=\"__7 _355\"></span>s direct<span class=\"__7 _355\"></span>ement d<span class=\"__7 _355\"></span>ans le c<span class=\"__7 _355\"></span>ompte de r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>ts. E<span class=\"__7 _355\"></span>n cas de ces<span class=\"__7 _355\"></span>sion, la </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws53_5 gs16b_1\">diff\u00e9r<span class=\"__7 _355\"></span>ence entr<span class=\"__7 _355\"></span>e le prod<span class=\"__7 _355\"></span>uit net de la v<span class=\"__7 _355\"></span>ente e<span class=\"__7 _355\"></span>t la vale<span class=\"__7 _355\"></span>ur comp<span class=\"__7 _355\"></span>table est port\u00e9<span class=\"__7 _355\"></span>e en r\u00e9sulta<span class=\"__7 _355\"></span>t, soit </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs16c\">au d\u00e9bit, so<span class=\"__7 _355\"></span>it au cr<span class=\"__7 _355\"></span>\u00e9dit.<span class=\"__7 _357\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-307": {
   "value": "3.<span class=\"__7 _358\"></span>18 TRA<span class=\"__7 _355\"></span>NSA<span class=\"__7 _355\"></span>CTIO<span class=\"__7 _355\"></span>NS A<span class=\"__7 _358\"></span>VEC D<span class=\"__7 _355\"></span>E<span class=\"__7 _355\"></span>S P<span class=\"__7 _358\"></span>ARTIE<span class=\"__7 _355\"></span>S L<span class=\"__7 _355\"></span>I\u00c9E<span class=\"__7 _355\"></span>S<span class=\"__7 _357\"> </span>EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span><table class=\"s_2 w222_1 h3c_1\" id=\"_a78f609d-37c8-4dd4-9d54-91a35ea04987\"><tr><td></td><td></td><td class=\"t_7 m2_7 x83_5 h4_7 y440_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">A<span class=\"__7 _355\"></span>CTIF<span class=\"__7 _355\"></span>S ET P<span class=\"__7 _361\"></span>ASSIF<span class=\"__7 _355\"></span>S<span class=\"__7 _f7_1\"> </span><span class=\"ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _366\"> </span>31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></span></td></tr><tr><td class=\"c_2 n_2 x84_5 y441_2 w223_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es \u00e0 long terme de<span class=\"__7 _355\"></span>s entr<span class=\"__7 _355\"></span>eprises li\u00e9e<span class=\"__7 _355\"></span>s non cons<span class=\"__7 _355\"></span>olid\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c1_1 y441_2 w19_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c2_1 y441_2 w1d_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y442_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es \u00e0 court terme sur de<span class=\"__7 _355\"></span>s entr<span class=\"__7 _355\"></span>eprises li\u00e9e<span class=\"__7 _355\"></span>s non </td><td class=\"c_2 n_2 x224_1 y443_2 w43_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">434.2<span class=\"__7 _355\"></span>47<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x225_1 y443_2 w175_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">420<span class=\"__7 _355\"></span>.95<span class=\"__7 _361\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y444_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">con<span class=\"__7 _355\"></span>solid\u00e9es<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w224_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dette<span class=\"__7 _355\"></span>s vis-\u00e0-vis d\u2019<span class=\"__7 _358\"></span>entrepri<span class=\"__7 _355\"></span>ses li\u00e9es n<span class=\"__7 _355\"></span>on consolid\u00e9<span class=\"__7 _355\"></span>es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c3_1 y35f_3 w225_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-6.<span class=\"__7 _358\"></span>105<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c4_1 y35f_3 w178_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-138.5<span class=\"__7 _355\"></span>35<span class=\"__7 _357\"> </span></div></td></tr></table><table class=\"s_2 w239_1 h3e_1\" id=\"_67457e43-b71e-40a7-9eae-acd5bf02ca21\"><tr><td class=\"t_7 m2_7 x83_5 h4_7 y44c_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">R\u00c9<span class=\"__7 _355\"></span>SUL<span class=\"__7 _361\"></span>T<span class=\"__7 _361\"></span>A<span class=\"__7 _358\"></span>TS DES TRA<span class=\"__7 _355\"></span>NSAC<span class=\"__7 _355\"></span>TIONS ENTR<span class=\"__7 _355\"></span>E P<span class=\"__7 _361\"></span>ARTIES L<span class=\"__7 _355\"></span>I\u00c9E<span class=\"__7 _355\"></span>S OU </td><td class=\"c_2 n_2 x22a_1 y44d_2 w17c_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x22b_1 y44d_2 w17d_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">2024<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h4_7 y44e_2 ff2_7 fs3_7 fc2_7 sc0_7 ls47_5 ws84_1\">AS<span class=\"__7 _359\"></span>SOC<span class=\"__7 _359\"></span>I\u00c9ES<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y44f_2 w17e_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dividende<span class=\"__7 _355\"></span>s re\u00e7us d\u2019<span class=\"__7 _358\"></span>entr<span class=\"__7 _355\"></span>eprises li<span class=\"__7 _355\"></span>\u00e9es non con<span class=\"__7 _355\"></span>solid\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d3_1 y44f_2 w17f_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">80.<span class=\"__7 _361\"></span>770<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d4_1 y44f_2 w23a_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.013<span class=\"__7 _355\"></span>.2<span class=\"__7 _355\"></span>76<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y450_2 w181_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dividende<span class=\"__7 _355\"></span>s re\u00e7us d\u2019<span class=\"__7 _358\"></span>entr<span class=\"__7 _355\"></span>eprises a<span class=\"__7 _355\"></span>ssoci\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d5_1 y450_2 w182_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">7<span class=\"__7 _358\"></span>.500<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d6_1 y450_2 w183_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5.614<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y451_2 w23b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats r<span class=\"__7 _355\"></span>e\u00e7us d\u2019<span class=\"__7 _358\"></span>entr<span class=\"__7 _355\"></span>eprises li\u00e9<span class=\"__7 _355\"></span>es non con<span class=\"__7 _355\"></span>solid\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d7_1 y451_2 w23c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.28<span class=\"__7 _355\"></span>9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d8_1 y451_2 w190_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.228<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y452_2 w23d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Int<span class=\"__7 _355\"></span>\u00e9r\u00eats p<span class=\"__7 _355\"></span>ay\u00e9s aux en<span class=\"__7 _355\"></span>trepri<span class=\"__7 _355\"></span>ses li\u00e9es n<span class=\"__7 _355\"></span>on consolid\u00e9<span class=\"__7 _355\"></span>es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d9_1 y452_2 w195_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls32_7 ws56_5\">-27<span class=\"__7 _359\"></span>0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2da_1 y452_2 w196_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-841<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y453_2 w23e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Services pre<span class=\"__7 _355\"></span>st\u00e9s a<span class=\"__7 _355\"></span>ux entre<span class=\"__7 _355\"></span>prises li\u00e9e<span class=\"__7 _355\"></span>s non consoli<span class=\"__7 _355\"></span>d\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2db_1 y453_2 w23f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls6_7 ws5_7\">3.<span class=\"__7 _359\"></span>289<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2dc_1 y453_2 w240_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.82<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y454_2 w241_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Services re\u00e7<span class=\"__7 _355\"></span>us des en<span class=\"__7 _355\"></span>treprise<span class=\"__7 _355\"></span>s li\u00e9es non con<span class=\"__7 _355\"></span>solid\u00e9es<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2dd_1 y454_2 w242_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-1.44<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2de_1 y454_2 w243_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-1.268<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y456_2 w244_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R<span class=\"__7 _355\"></span>\u00e9mun\u00e9ra<span class=\"__7 _355\"></span>tion des principaux dirigea<span class=\"__7 _355\"></span>nts</div><div class=\"t_7 m2_7 x2df_1 h14_7 y455_2 ff2_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">1<span class=\"__7 _357\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c_2 n_2 x84_5 y457_2 w245_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9m<span class=\"__7 _355\"></span>un\u00e9ra<span class=\"__7 _355\"></span>tion brute fix<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e0_1 y457_2 w246_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.2<span class=\"__7 _355\"></span>41<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e1_1 y457_2 w247_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.<span class=\"__7 _355\"></span>585<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ec_3 w248_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">R\u00e9m<span class=\"__7 _355\"></span>un\u00e9ra<span class=\"__7 _355\"></span>tion brute v<span class=\"__7 _355\"></span>ariable<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e2_1 y3ec_3 wbf_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">4.285<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e3_1 y3ec_3 w249_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3.2<span class=\"__7 _355\"></span>69<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3ed_3 w24a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _c7\"></span>anti\u00e8m<span class=\"__7 _355\"></span>es et jet<span class=\"__7 _355\"></span>ons de pr<span class=\"__7 _355\"></span>\u00e9sence<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e4_1 y3ed_3 w24b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.539<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e5_1 y3ed_3 w24c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.263<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y43c_2 w24d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Assur<span class=\"__7 _355\"></span>ance de gr<span class=\"__7 _355\"></span>oupe, ho<span class=\"__7 _355\"></span>spitalisa<span class=\"__7 _355\"></span>tion et soin<span class=\"__7 _355\"></span>s de sant<span class=\"__7 _355\"></span>\u00e9<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e6_1 y43c_2 w24e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">925<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e7_1 y43c_2 w24f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls48_5 ws47_5\">51<span class=\"__7 _359\"></span>7<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y441_2 w250_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Char<span class=\"__7 _355\"></span>ges li\u00e9es aux p<span class=\"__7 _355\"></span>aiement<span class=\"__7 _355\"></span>s fond\u00e9s sur de<span class=\"__7 _355\"></span>s action<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e8_1 y441_2 w251_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls36_6 ws5b_5\">5.34<span class=\"__7 _359\"></span>0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2e9_1 y441_2 w252_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">4.296<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y458_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Donn\u00e9es r<span class=\"__7 _355\"></span>elativ<span class=\"__7 _355\"></span>es aux tr<span class=\"__7 _355\"></span>ansacti<span class=\"__7 _355\"></span>ons significa<span class=\"__7 _355\"></span>tives, en<span class=\"__7 _355\"></span>tre de<span class=\"__7 _355\"></span>s </td><td class=\"c_2 n_2 x226_1 y459_2 w253_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls33_7 ws57_5\">N\u00e9<span class=\"__7 _359\"></span>ant<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ea_1 y459_2 w254_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls33_7 ws57_5\">N\u00e9<span class=\"__7 _359\"></span>ant<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x83_5 h6_7 y45a_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">parties li<span class=\"__7 _355\"></span>\u00e9es, effec<span class=\"__7 _355\"></span>tu\u00e9es en dehor<span class=\"__7 _355\"></span>s des condition<span class=\"__7 _355\"></span>s du mar<span class=\"__7 _355\"></span>ch\u00e9<span class=\"__7 _357\"> </span></td><td></td><td></td></tr></table>En c<span class=\"__7 _355\"></span>e qui concerne le<span class=\"__7 _355\"></span>s cr\u00e9a<span class=\"__7 _355\"></span>nces sur e<span class=\"__7 _355\"></span>t les dett<span class=\"__7 _355\"></span>es envers de<span class=\"__7 _355\"></span>s soci\u00e9t<span class=\"__7 _355\"></span>\u00e9s li\u00e9es n<span class=\"__7 _355\"></span>on consoli<span class=\"__7 _355\"></span>d\u00e9es, il s\u2019<span class=\"__7 _361\"></span>agit essen<span class=\"__7 _355\"></span>tiellemen<span class=\"__7 _355\"></span>t de pr\u00eat<span class=\"__7 _355\"></span>s et d\u00e9p\u00f4ts en<span class=\"__7 _355\"></span>tre So<span class=\"__7 _355\"></span>fina et ses filia<span class=\"__7 _355\"></span>les. L<span class=\"__7 _355\"></span>es m\u00e9<span class=\"__7 _355\"></span>thodes de r<span class=\"__7 _355\"></span>\u00e9mun\u00e9ra<span class=\"__7 _355\"></span>tion de ceux-ci son<span class=\"__7 _355\"></span>t d\u00e9taill\u00e9es a<span class=\"__7 _355\"></span>u point 3<span class=\"__7 _355\"></span>.9 ci-de<span class=\"__7 _355\"></span>ssus.<span class=\"__7 _357\"> </span>En ce q<span class=\"__7 _355\"></span>ui concerne le<span class=\"__7 _355\"></span>s ser<span class=\"__7 _359\"></span>vices pr<span class=\"__7 _355\"></span>est<span class=\"__7 _355\"></span>\u00e9s, ils inc<span class=\"__7 _355\"></span>luent e<span class=\"__7 _355\"></span>ssentiellem<span class=\"__7 _355\"></span>ent des pr<span class=\"__7 _355\"></span>esta<span class=\"__7 _355\"></span>tions de s<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>vices d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t et de con<span class=\"__7 _355\"></span>seil en inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>t rela<span class=\"__7 _355\"></span>tifs \u00e0 des opportunit<span class=\"__7 _355\"></span>\u00e9s d\u2019inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>t et aux inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>ts d\u00e9t<span class=\"__7 _355\"></span>enus pa<span class=\"__7 _355\"></span>r le b\u00e9n\u00e9ficiair<span class=\"__7 _355\"></span>e de ser<span class=\"__7 _359\"></span>vice<span class=\"__7 _355\"></span>s. En c<span class=\"__7 _355\"></span>e qui concerne le<span class=\"__7 _355\"></span>s ser<span class=\"__7 _359\"></span>vices r<span class=\"__7 _355\"></span>e\u00e7us<span class=\"__7 _355\"></span>, il s\u2019<span class=\"__7 _355\"></span>agit essen<span class=\"__7 _355\"></span>tiellemen<span class=\"__7 _355\"></span>t de pre<span class=\"__7 _355\"></span>stati<span class=\"__7 _355\"></span>ons de services de ges<span class=\"__7 _355\"></span>tion de tr\u00e9<span class=\"__7 _355\"></span>sorerie<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>Sofina s\u2019<span class=\"__7 _c7\"></span>est port\u00e9e gar<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>te des enga<span class=\"__7 _355\"></span>gements de s<span class=\"__7 _355\"></span>es soci\u00e9t<span class=\"__7 _355\"></span>\u00e9s li\u00e9es n<span class=\"__7 _355\"></span>on consoli<span class=\"__7 _355\"></span>d\u00e9es (c\u2019<span class=\"__7 _358\"></span>est-\u00e0-dir<span class=\"__7 _355\"></span>e ses filiale<span class=\"__7 _355\"></span>s).<span class=\"__7 _357\"> </span>Struc<span class=\"__7 _355\"></span>tur<span class=\"__7 _355\"></span>e de l\u2019<span class=\"__7 _355\"></span>actionna<span class=\"__7 _355\"></span>riat<span class=\"__7 _357\"> </span>Union Fina<span class=\"__7 _355\"></span>nci\u00e8r<span class=\"__7 _355\"></span>e Bo\u00ebl SA, Soci\u00e9t<span class=\"__7 _355\"></span>\u00e9 de P<span class=\"__7 _355\"></span>articipa<span class=\"__7 _355\"></span>tions Ind<span class=\"__7 _355\"></span>ustrielle<span class=\"__7 _355\"></span>s SA et Mobili<span class=\"__7 _355\"></span>\u00e8re et Immob<span class=\"__7 _355\"></span>ili\u00e8re<span class=\"__7 _355\"></span> du Cen<span class=\"__7 _355\"></span>tre SA f<span class=\"__7 _355\"></span>ormen<span class=\"__7 _355\"></span>t un consortium au sen<span class=\"__7 _355\"></span>s de l\u2019<span class=\"__7 _361\"></span>article 1:19 du CSA (ensem<span class=\"__7 _355\"></span>ble l\u2019\u00ab Actionnair<span class=\"__7 _355\"></span>e de R<span class=\"__7 _355\"></span>\u00e9f\u00e9r<span class=\"__7 _355\"></span>ence \u00bb).<span class=\"__7 _357\"> </span>Il re<span class=\"__7 _355\"></span>ssort de la derni\u00e8r<span class=\"__7 _355\"></span>e d\u00e9clar<span class=\"__7 _355\"></span>ation f<span class=\"__7 _355\"></span>aite le 2<span class=\"__7 _355\"></span>0 ao\u00fbt 2<span class=\"__7 _355\"></span>025 p<span class=\"__7 _355\"></span>ar l\u2019<span class=\"__7 _361\"></span>Actionnair<span class=\"__7 _355\"></span>e de R<span class=\"__7 _355\"></span>\u00e9f\u00e9r<span class=\"__7 _355\"></span>ence en applica<span class=\"__7 _355\"></span>tion de l\u2019<span class=\"__7 _361\"></span>article 7<span class=\"__7 _358\"></span>4 de la loi du 1er a<span class=\"__7 _355\"></span>vril 200<span class=\"__7 _361\"></span>7 sur les offre<span class=\"__7 _355\"></span>s publiques d\u2019<span class=\"__7 _361\"></span>acquisiti<span class=\"__7 _355\"></span>on que les soci\u00e9<span class=\"__7 _355\"></span>t\u00e9s f<span class=\"__7 _355\"></span>orman<span class=\"__7 _355\"></span>t l\u2019<span class=\"__7 _361\"></span>Actionnair<span class=\"__7 _355\"></span>e de R\u00e9<span class=\"__7 _355\"></span>f\u00e9r<span class=\"__7 _355\"></span>ence d\u00e9ten<span class=\"__7 _355\"></span>aient a<span class=\"__7 _355\"></span>u 7 octobr<span class=\"__7 _355\"></span>e 20<span class=\"__7 _355\"></span>25 des ac<span class=\"__7 _355\"></span>tions de la Soci\u00e9t\u00e9 comm<span class=\"__7 _355\"></span>e suit<span class=\"__7 gs8_2\"> </span>:<span class=\"__7 _357\"> </span><table class=\"s_2 w226_1 h3d_1\" id=\"_53264a64-c54f-40b7-82fc-4e21da05d1de\"><tr><td></td><td class=\"t_7 m2_7 x15a_1 h4_7 y445_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE </td><td class=\"t_7 m2_7 x2c5_1 h4_7 y445_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">% DE </td></tr><tr><td></td><td class=\"t_7 m2_7 x15e_1 h4_7 y446_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">D'<span class=\"__7 _355\"></span>ACTIONS<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x2c6_1 h4_7 y446_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">P<span class=\"__7 _361\"></span>ART<span class=\"__7 _359\"></span>ICIP<span class=\"__7 _361\"></span>A<span class=\"__7 _361\"></span>TION<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x84_5 y447_2 w227_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Union Fina<span class=\"__7 _355\"></span>nci\u00e8re B<span class=\"__7 _355\"></span>o\u00ebl SA<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c7_1 y447_2 w228_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">8.225.<span class=\"__7 _355\"></span>068<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c8_1 y447_2 w229_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">22,41%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y448_2 w22a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Soci\u00e9t<span class=\"__7 _355\"></span>\u00e9 de P<span class=\"__7 _355\"></span>articipation<span class=\"__7 _355\"></span>s Indu<span class=\"__7 _355\"></span>strielles SA<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c9_1 y448_2 w22b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.092.485<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ca_1 y448_2 w22c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>4,<span class=\"__7 _355\"></span>78%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y449_2 w22d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mobili\u00e8r<span class=\"__7 _355\"></span>e et Immobili<span class=\"__7 _355\"></span>\u00e8re du C<span class=\"__7 _355\"></span>entre SA<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cb_1 y449_2 w22e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.<span class=\"__7 _355\"></span>717<span class=\"__7 _361\"></span>.<span class=\"__7 _361\"></span>108<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cc_1 y449_2 w22f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">7<span class=\"__7 _361\"></span>,40%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y44a_2 w230_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sous-t<span class=\"__7 _355\"></span>otal de l\u2019<span class=\"__7 _361\"></span>Actionnair<span class=\"__7 _355\"></span>e de R\u00e9<span class=\"__7 _355\"></span>f\u00e9renc<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cd_1 y44a_2 w231_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>0.<span class=\"__7 _355\"></span>034.661<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ce_1 y44a_2 w232_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">54,60%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y44b_2 w233_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sofina SA (ac<span class=\"__7 _355\"></span>tions pr<span class=\"__7 _355\"></span>opres)<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cf_1 y44b_2 w234_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _355\"></span>149<span class=\"__7 _355\"></span>.306<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d0_1 y44b_2 w235_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3,<span class=\"__7 _361\"></span>13%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w236_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4b_5 ws65_4\">To<span class=\"__7 _356\"></span>t<span class=\"__7 _364\"></span>a<span class=\"__7 _356\"></span>l<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d1_1 y35f_3 w237_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">21.<span class=\"__7 _361\"></span>183<span class=\"__7 _355\"></span>.96<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d2_1 y35f_3 w238_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls1c_7 ws21_7\">5<span class=\"__7 _359\"></span>7,<span class=\"__7 _356\"></span>7<span class=\"__7 _359\"></span>3<span class=\"__7 _356\"></span>%<span class=\"__7 _357\"> </span></div></td></tr></table>Au 3<span class=\"__7 _355\"></span>1 d\u00e9cembr<span class=\"__7 _355\"></span>e 20<span class=\"__7 _355\"></span>25, So<span class=\"__7 _355\"></span>fina d\u00e9tenait 1.2<span class=\"__7 _361\"></span>35.303 ac<span class=\"__7 _355\"></span>tions pr<span class=\"__7 _355\"></span>opre<span class=\"__7 _355\"></span>s repr<span class=\"__7 _355\"></span>\u00e9sen<span class=\"__7 _355\"></span>tant 3<span class=\"__7 _355\"></span>,3<span class=\"__7 _361\"></span>7% de son capit<span class=\"__7 _355\"></span>al social.<span class=\"__7 _357\"> </span>R<span class=\"__7 _355\"></span>\u00e9mun\u00e9r<span class=\"__7 _355\"></span>ation de<span class=\"__7 _355\"></span>s Commi<span class=\"__7 _355\"></span>ssaire<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span><table class=\"s_2 w255_1 h3f\" id=\"_6bedfccb-ae61-4911-b5ad-5126c0750847\"><tr><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x2ec_1 h3_7 y45b_2 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"c_2 n_2 x2ed_1 y45c_2 w18a_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ee_1 y45c_2 w1d6_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">20<span class=\"__7 _359\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x2ef_1 y45d_2 w256_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mission<span class=\"__7 _355\"></span>s r\u00e9<span class=\"__7 _355\"></span>visorale<span class=\"__7 _355\"></span>s effectu\u00e9<span class=\"__7 _355\"></span>es par le Commi<span class=\"__7 _355\"></span>ssaire<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f0_1 y45d_2 wdb_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">119<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f1_1 y45d_2 w257_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">115<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y45e_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es mission<span class=\"__7 _355\"></span>s ext\u00e9rie<span class=\"__7 _355\"></span>ures \u00e0 l<span class=\"__7 _355\"></span>a mission r\u00e9<span class=\"__7 _355\"></span>visora<span class=\"__7 _355\"></span>le effectu\u00e9<span class=\"__7 _355\"></span>es </td><td class=\"c_2 n_2 x2f3_1 y45f_2 w258_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4c_5 ws87_1\">1<span class=\"__7 _359\"></span>73<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f4_1 y45f_2 w259_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">16<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y460_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">par le r<span class=\"__7 _355\"></span>\u00e9seau du C<span class=\"__7 _355\"></span>ommissair<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y461_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es mission<span class=\"__7 _355\"></span>s ext\u00e9rie<span class=\"__7 _355\"></span>ures \u00e0 l<span class=\"__7 _355\"></span>a mission r\u00e9<span class=\"__7 _355\"></span>visora<span class=\"__7 _355\"></span>le effectu\u00e9<span class=\"__7 _355\"></span>es </td><td class=\"c_2 n_2 x2f5_1 y462_2 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f6_1 y462_2 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y463_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">par le r<span class=\"__7 _355\"></span>\u00e9seau du C<span class=\"__7 _355\"></span>ommissair<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x2ef_1 y464_2 w25a_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mission<span class=\"__7 _355\"></span>s r\u00e9<span class=\"__7 _355\"></span>visorale<span class=\"__7 _355\"></span>s effectu\u00e9<span class=\"__7 _355\"></span>es par le r<span class=\"__7 _355\"></span>\u00e9seau du C<span class=\"__7 _355\"></span>ommissaire<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f7_1 y464_2 w25b_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">760<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f8_1 y464_2 w25c_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls45_5 ws20_7\">412<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x2ef_1 y465_2 w25d_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mission<span class=\"__7 _355\"></span>s de conseil<span class=\"__7 _355\"></span>s fiscaux<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f9_1 y465_2 w1e_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2fa_1 y465_2 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w25e_1 h20_6\"><div class=\"t_7 m2_7 x80_5 h13_7 y466_2 ffb_2 fs8_7 fc4_7 sc0_7 ls1f_7 ws5e_5\">1\ue005</div></td><td class=\"c_2 n_2 x2fb_1 y35f_3 w25f_1 h20_6\"><div class=\"t_7 m2_7 x80_5 h13_7 y466_2 ffb_2 fs8_7 fc4_7 sc0_7 ls1f_7 ws5e_5\"><span class=\"__7 _365\"> </span><span class=\"__7 gsf0_1\"> </span><span class=\"__7 _8f_2\"></span>Suite\ue005\u00e0\ue005la\ue005di<span class=\"__7 _355\"></span>ssolution<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>C<span class=\"__7 _355\"></span>omit\u00e9<span class=\"__7 gs79_1\"> </span>ex<span class=\"__7 _355\"></span>\u00e9cutif,<span class=\"__7 gs79_1\"> </span>le<span class=\"__7 gs79_1\"> </span>C<span class=\"__7 _355\"></span>onseil<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>dir<span class=\"__7 _355\"></span>ection<span class=\"__7 gs79_1\"> </span>a<span class=\"__7 gs79_1\"> </span>\u00e9t\u00e9<span class=\"__7 gs79_1\"> </span>mis<span class=\"__7 gs79_1\"> </span>en<span class=\"__7 gs79_1\"> </span>pl<span class=\"__7 _355\"></span>ace<span class=\"__7 gs79_1\"> </span>en<span class=\"__7 gs79_1\"> </span>janvier<span class=\"__7 gs79_1\"> </span>2<span class=\"__7 _355\"></span>02<span class=\"__7 _361\"></span>4.<span class=\"__7 gs79_1\"> </span>Il<span class=\"__7 gs79_1\"> </span>comptait<span class=\"__7 gs79_1\"> </span>initialem<span class=\"__7 _355\"></span>ent<span class=\"__7 gs79_1\"> </span>qua<span class=\"__7 _355\"></span>tre<span class=\"__7 gs79_1\"> </span>membr<span class=\"__7 _355\"></span>es<span class=\"__7 gs79_1\"> </span>(hors<span class=\"__7 gs79_1\"> </span>CE<span class=\"__7 _355\"></span>O),<span class=\"__7 gs79_1\"> </span>puis<span class=\"__7 gs79_1\"> </span>cinq<span class=\"__7 gs79_1\"> </span>mem<span class=\"__7 _355\"></span>bres<span class=\"__7 gs79_1\"> </span>\u00e0<span class=\"__7 gs79_1\"> </span>comp<span class=\"__7 _355\"></span>ter<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>1er<span class=\"__7 gs79_1\"> </span>juille<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>20<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>4.<span class=\"__7 gs79_1\"> </span>\u00c0<span class=\"__7 gs79_1\"> </span>partir<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>1er<span class=\"__7 gs79_1\"> </span>janvier<span class=\"__7 gs79_1\"> </span>2<span class=\"__7 _355\"></span>025<span class=\"__7 _355\"></span>,<span class=\"__7 gs79_1\"> </span>la<span class=\"__7 gs79_1\"> </span>r\u00e9mun\u00e9r<span class=\"__7 _355\"></span>ation<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>C<span class=\"__7 _355\"></span>EO<span class=\"__7 gs79_1\"> </span></div></td><td></td><td></td><td></td></tr></table>et<span class=\"__7 gs79_1\"> </span>des<span class=\"__7 gs79_1\"> </span>autr<span class=\"__7 _355\"></span>es<span class=\"__7 gs79_1\"> </span>membr<span class=\"__7 _355\"></span>es<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>Con<span class=\"__7 _355\"></span>seil<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>directi<span class=\"__7 _355\"></span>on<span class=\"__7 gs79_1\"> </span>a<span class=\"__7 gs79_1\"> </span>\u00e9t\u00e9<span class=\"__7 gs79_1\"> </span>re<span class=\"__7 _355\"></span>vue,<span class=\"__7 gs79_1\"> </span>ave<span class=\"__7 _355\"></span>c<span class=\"__7 gs79_1\"> </span>une<span class=\"__7 gs79_1\"> </span>r\u00e9ducti<span class=\"__7 _355\"></span>on<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>salaire<span class=\"__7 gs79_1\"> </span>fix<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>et<span class=\"__7 gs79_1\"> </span>l\u2019intr<span class=\"__7 _355\"></span>oduction<span class=\"__7 gs79_1\"> </span>d\u2019un<span class=\"__7 gs79_1\"> </span>incit<span class=\"__7 _355\"></span>ant<span class=\"__7 gs79_1\"> </span>\u00e0<span class=\"__7 gs79_1\"> </span>court<span class=\"__7 gs79_1\"> </span>t<span class=\"__7 _355\"></span>erme<span class=\"__7 gs79_1\"> </span>(\u00ab\u202fSTI\u202f\u00bb).<span class=\"__7 gs79_1\"> </span>L<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>salaire<span class=\"__7 gs79_1\"> </span>fix<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>r\u00e9duit,<span class=\"__7 gs79_1\"> </span>c<span class=\"__7 _355\"></span>ombin\u00e9<span class=\"__7 gs79_1\"> </span>au<span class=\"__7 gs79_1\"> </span>S<span class=\"__7 _355\"></span>TI<span class=\"__7 gs79_1\"> </span>au<span class=\"__7 gs79_1\"> </span>niveau<span class=\"__7 gs79_1\"> </span>cible,<span class=\"__7 gs79_1\"> </span>e<span class=\"__7 _355\"></span>st<span class=\"__7 gs79_1\"> </span>\u00e9quivalen<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>au<span class=\"__7 gs79_1\"> </span>salair<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>fixe<span class=\"__7 gs79_1\"> </span>pr\u00e9c<span class=\"__7 _355\"></span>\u00e9dent.<span class=\"__7 _357\"> </span>B. ENTR<span class=\"__7 _355\"></span>EPRI<span class=\"__7 _355\"></span>SES A<span class=\"__7 _355\"></span>SSOC<span class=\"__7 _355\"></span>I\u00c9E<span class=\"__7 _355\"></span>S - \u00c0 LA JUS<span class=\"__7 _355\"></span>TE V<span class=\"__7 _355\"></span>AL<span class=\"__7 _355\"></span>EUR Ca<span class=\"__7 _355\"></span>mbridge Associa<span class=\"__7 _355\"></span>tes<span class=\"ls2_7\"> </span>Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span>2<span class=\"__7 _361\"></span>4.242<span class=\"__7 _357\"> </span>23,67<span class=\"__7 _357\"> </span>2<span class=\"__7 _355\"></span>4.2<span class=\"__7 _355\"></span>42<span class=\"__7 _357\"> </span>23,<span class=\"__7 _359\"></span>89<span class=\"__7 _357\"> </span>125<span class=\"__7 _357\"> </span>High S<span class=\"__7 _355\"></span>treet - M<span class=\"__7 _355\"></span>A 02110 Bo<span class=\"__7 _355\"></span>ston - USA<span class=\"__7 _357\"> </span>Dott HoldC<span class=\"__7 _355\"></span>o<span class=\"ls2_7\"> </span>Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span>17<span class=\"__7 _361\"></span>.3<span class=\"__7 _355\"></span>71.386<span class=\"__7 _357\"> </span>2<span class=\"__7 _355\"></span>4,98<span class=\"__7 _357\"> </span>10.<span class=\"__7 _358\"></span>143.368<span class=\"__7 _357\"> </span>2<span class=\"__7 _355\"></span>4,98<span class=\"__7 _357\"> </span>Diemen<span class=\"__7 _355\"></span>straa<span class=\"__7 _355\"></span>t 292 - 10<span class=\"__7 _355\"></span>13 CR Am<span class=\"__7 _355\"></span>ster<span class=\"__7 _355\"></span>dam - P<span class=\"__7 _361\"></span>ays-Ba<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span>Dr<span class=\"__7 _359\"></span>ylock T<span class=\"__7 _358\"></span>echnologies<span class=\"__7 _355\"></span><span class=\"ls2_7\"> </span>Sp<span class=\"__7 _355\"></span>innerijstraa<span class=\"__7 _355\"></span>t 12 - 92<span class=\"__7 _355\"></span>40 Zele - Belgi<span class=\"__7 _355\"></span>que<span class=\"ls2_7\"> </span>Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span>169<span class=\"__7 _355\"></span>.7<span class=\"__7 _355\"></span>82.<span class=\"__7 _355\"></span>750<span class=\"__7 _357\"> </span>25,00<span class=\"__7 _357\"> </span>169<span class=\"__7 _355\"></span>.<span class=\"__7 _355\"></span>782.<span class=\"__7 _355\"></span>750<span class=\"__7 _357\"> </span>25,0<span class=\"__7 _359\"></span>0<span class=\"__7 _357\"> </span>Num\u00e9r<span class=\"__7 _355\"></span>o d\u2019<span class=\"__7 _361\"></span>entr<span class=\"__7 _355\"></span>eprise 04<span class=\"__7 _355\"></span>79 766 05<span class=\"__7 _361\"></span>7<span class=\"__7 _357\"> </span>Green E Origin (Gr<span class=\"__7 _355\"></span>een Energy Origin)<span class=\"__7 _355\"></span><span class=\"ls2_7\"> </span>Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span>58<span class=\"__7 _361\"></span>7<span class=\"__7 _361\"></span>.008<span class=\"__7 _357\"> </span>31,64<span class=\"__7 _357\"> </span>4<span class=\"__7 _359\"></span>0<span class=\"__7 _359\"></span>0<span class=\"__7 _359\"></span>.737<span class=\"__7 _357\"> </span>29,<span class=\"__7 _359\"></span>4<span class=\"__7 _359\"></span>4<span class=\"__7 _357\"> </span>4, rue du F<span class=\"__7 _355\"></span>ort Wa<span class=\"__7 _355\"></span>llis - L<span class=\"__7 _355\"></span>U-2<span class=\"__7 _355\"></span>714 Lux<span class=\"__7 _355\"></span>embourg<span class=\"__7 _357\"> </span>MXP P<span class=\"__7 _355\"></span>rime Pla<span class=\"__7 _355\"></span>tform (Se<span class=\"ff5_7 ws3_7\">llerX)</span><span class=\"ff3_7 ls2_7\"> </span>Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span>1.284.2<span class=\"__7 _355\"></span>09<span class=\"__7 _357\"> </span>2<span class=\"__7 _359\"></span>6,7<span class=\"__7 _356\"></span>5<span class=\"__7 _357\"> </span>1.2<span class=\"__7 _355\"></span>84.2<span class=\"__7 _355\"></span>09<span class=\"__7 _357\"> </span>26,0<span class=\"__7 _359\"></span>9<span class=\"__7 _357\"> </span>J\u00e4gers<span class=\"__7 _355\"></span>tra\u00dfe 41 - 10<span class=\"__7 _361\"></span>117 Berlin - Allemagne<span class=\"__7 _357\"> </span>Nuxe In<span class=\"__7 _355\"></span>terna<span class=\"__7 _355\"></span>tional<span class=\"ls2_7\"> </span>Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span>193<span class=\"__7 _355\"></span>.261.<span class=\"__7 _361\"></span>167<span class=\"__7 _357\"> </span>49<span class=\"__7 _355\"></span>,00<span class=\"__7 _357\"> </span>193<span class=\"__7 _355\"></span>.261.<span class=\"__7 _361\"></span>167<span class=\"__7 _357\"> </span>49<span class=\"__7 _355\"></span>,00<span class=\"__7 _357\"> </span>12<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>, rue d\u2019<span class=\"__7 _361\"></span>Aguesseau - 92100 B<span class=\"__7 _355\"></span>oulogne-Billan<span class=\"__7 _355\"></span>court - Fr<span class=\"__7 _355\"></span>ance<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-308": {
   "value": "Il re<span class=\"__7 _355\"></span>ssort de la derni\u00e8r<span class=\"__7 _355\"></span>e d\u00e9clar<span class=\"__7 _355\"></span>ation f<span class=\"__7 _355\"></span>aite le 2<span class=\"__7 _355\"></span>0 ao\u00fbt 2<span class=\"__7 _355\"></span>025 p<span class=\"__7 _355\"></span>ar l\u2019<span class=\"__7 _361\"></span>Actionnair<span class=\"__7 _355\"></span>e de R<span class=\"__7 _355\"></span>\u00e9f\u00e9r<span class=\"__7 _355\"></span>ence en applica<span class=\"__7 _355\"></span>tion de l\u2019<span class=\"__7 _361\"></span>article 7<span class=\"__7 _358\"></span>4 de la loi du 1er a<span class=\"__7 _355\"></span>vril 200<span class=\"__7 _361\"></span>7 sur les offre<span class=\"__7 _355\"></span>s publiques d\u2019<span class=\"__7 _361\"></span>acquisiti<span class=\"__7 _355\"></span>on que les soci\u00e9<span class=\"__7 _355\"></span>t\u00e9s f<span class=\"__7 _355\"></span>orman<span class=\"__7 _355\"></span>t l\u2019<span class=\"__7 _361\"></span>Actionnair<span class=\"__7 _355\"></span>e de R\u00e9<span class=\"__7 _355\"></span>f\u00e9r<span class=\"__7 _355\"></span>ence d\u00e9ten<span class=\"__7 _355\"></span>aient a<span class=\"__7 _355\"></span>u 7 octobr<span class=\"__7 _355\"></span>e 20<span class=\"__7 _355\"></span>25 des ac<span class=\"__7 _355\"></span>tions de la Soci\u00e9t\u00e9 comm<span class=\"__7 _355\"></span>e suit<span class=\"__7 gs8_2\"> </span>:<span class=\"__7 _357\"> </span><table class=\"s_2 w226_1 h3d_1\" id=\"_53264a64-c54f-40b7-82fc-4e21da05d1de\"><tr><td></td><td class=\"t_7 m2_7 x15a_1 h4_7 y445_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE </td><td class=\"t_7 m2_7 x2c5_1 h4_7 y445_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">% DE </td></tr><tr><td></td><td class=\"t_7 m2_7 x15e_1 h4_7 y446_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">D'<span class=\"__7 _355\"></span>ACTIONS<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x2c6_1 h4_7 y446_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">P<span class=\"__7 _361\"></span>ART<span class=\"__7 _359\"></span>ICIP<span class=\"__7 _361\"></span>A<span class=\"__7 _361\"></span>TION<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x84_5 y447_2 w227_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Union Fina<span class=\"__7 _355\"></span>nci\u00e8re B<span class=\"__7 _355\"></span>o\u00ebl SA<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c7_1 y447_2 w228_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">8.225.<span class=\"__7 _355\"></span>068<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c8_1 y447_2 w229_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">22,41%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y448_2 w22a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Soci\u00e9t<span class=\"__7 _355\"></span>\u00e9 de P<span class=\"__7 _355\"></span>articipation<span class=\"__7 _355\"></span>s Indu<span class=\"__7 _355\"></span>strielles SA<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2c9_1 y448_2 w22b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">9<span class=\"__7 _355\"></span>.092.485<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ca_1 y448_2 w22c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>4,<span class=\"__7 _355\"></span>78%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y449_2 w22d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mobili\u00e8r<span class=\"__7 _355\"></span>e et Immobili<span class=\"__7 _355\"></span>\u00e8re du C<span class=\"__7 _355\"></span>entre SA<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cb_1 y449_2 w22e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.<span class=\"__7 _355\"></span>717<span class=\"__7 _361\"></span>.<span class=\"__7 _361\"></span>108<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cc_1 y449_2 w22f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">7<span class=\"__7 _361\"></span>,40%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y44a_2 w230_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sous-t<span class=\"__7 _355\"></span>otal de l\u2019<span class=\"__7 _361\"></span>Actionnair<span class=\"__7 _355\"></span>e de R\u00e9<span class=\"__7 _355\"></span>f\u00e9renc<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cd_1 y44a_2 w231_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>0.<span class=\"__7 _355\"></span>034.661<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ce_1 y44a_2 w232_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">54,60%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y44b_2 w233_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sofina SA (ac<span class=\"__7 _355\"></span>tions pr<span class=\"__7 _355\"></span>opres)<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2cf_1 y44b_2 w234_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _355\"></span>149<span class=\"__7 _355\"></span>.306<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d0_1 y44b_2 w235_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">3,<span class=\"__7 _361\"></span>13%<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w236_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4b_5 ws65_4\">To<span class=\"__7 _356\"></span>t<span class=\"__7 _364\"></span>a<span class=\"__7 _356\"></span>l<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d1_1 y35f_3 w237_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">21.<span class=\"__7 _361\"></span>183<span class=\"__7 _355\"></span>.96<span class=\"__7 _355\"></span>7<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2d2_1 y35f_3 w238_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc1_7 sc0_7 ls1c_7 ws21_7\">5<span class=\"__7 _359\"></span>7,<span class=\"__7 _356\"></span>7<span class=\"__7 _359\"></span>3<span class=\"__7 _356\"></span>%<span class=\"__7 _357\"> </span></div></td></tr></table>Au 3<span class=\"__7 _355\"></span>1 d\u00e9cembr<span class=\"__7 _355\"></span>e 20<span class=\"__7 _355\"></span>25, So<span class=\"__7 _355\"></span>fina d\u00e9tenait 1.2<span class=\"__7 _361\"></span>35.303 ac<span class=\"__7 _355\"></span>tions pr<span class=\"__7 _355\"></span>opre<span class=\"__7 _355\"></span>s repr<span class=\"__7 _355\"></span>\u00e9sen<span class=\"__7 _355\"></span>tant 3<span class=\"__7 _355\"></span>,3<span class=\"__7 _361\"></span>7% de son capit<span class=\"__7 _355\"></span>al social.<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-309": {
   "value": "R<span class=\"__7 _355\"></span>\u00e9mun\u00e9r<span class=\"__7 _355\"></span>ation de<span class=\"__7 _355\"></span>s Commi<span class=\"__7 _355\"></span>ssaire<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span><table class=\"s_2 w255_1 h3f\" id=\"_6bedfccb-ae61-4911-b5ad-5126c0750847\"><tr><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x2ec_1 h3_7 y45b_2 ff2_7 fs2_7 fc1_7 sc0_7 ls2_7 ws1_7\">EN MILLIER<span class=\"__7 _355\"></span>S EUR<span class=\"__7 _357\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"c_2 n_2 x2ed_1 y45c_2 w18a_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3a_5 ws63_4\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ee_1 y45c_2 w1d6_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3b_5 ws64_4\">20<span class=\"__7 _359\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x2ef_1 y45d_2 w256_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mission<span class=\"__7 _355\"></span>s r\u00e9<span class=\"__7 _355\"></span>visorale<span class=\"__7 _355\"></span>s effectu\u00e9<span class=\"__7 _355\"></span>es par le Commi<span class=\"__7 _355\"></span>ssaire<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f0_1 y45d_2 wdb_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">119<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f1_1 y45d_2 w257_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">115<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y45e_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es mission<span class=\"__7 _355\"></span>s ext\u00e9rie<span class=\"__7 _355\"></span>ures \u00e0 l<span class=\"__7 _355\"></span>a mission r\u00e9<span class=\"__7 _355\"></span>visora<span class=\"__7 _355\"></span>le effectu\u00e9<span class=\"__7 _355\"></span>es </td><td class=\"c_2 n_2 x2f3_1 y45f_2 w258_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4c_5 ws87_1\">1<span class=\"__7 _359\"></span>73<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f4_1 y45f_2 w259_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">16<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y460_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">par le r<span class=\"__7 _355\"></span>\u00e9seau du C<span class=\"__7 _355\"></span>ommissair<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y461_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Autr<span class=\"__7 _355\"></span>es mission<span class=\"__7 _355\"></span>s ext\u00e9rie<span class=\"__7 _355\"></span>ures \u00e0 l<span class=\"__7 _355\"></span>a mission r\u00e9<span class=\"__7 _355\"></span>visora<span class=\"__7 _355\"></span>le effectu\u00e9<span class=\"__7 _355\"></span>es </td><td class=\"c_2 n_2 x2f5_1 y462_2 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f6_1 y462_2 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2f2_1 h6_7 y463_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">par le r<span class=\"__7 _355\"></span>\u00e9seau du C<span class=\"__7 _355\"></span>ommissair<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x2ef_1 y464_2 w25a_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mission<span class=\"__7 _355\"></span>s r\u00e9<span class=\"__7 _355\"></span>visorale<span class=\"__7 _355\"></span>s effectu\u00e9<span class=\"__7 _355\"></span>es par le r<span class=\"__7 _355\"></span>\u00e9seau du C<span class=\"__7 _355\"></span>ommissaire<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f7_1 y464_2 w25b_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">760<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f8_1 y464_2 w25c_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls45_5 ws20_7\">412<span class=\"__7 _357\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c_2 n_2 x2ef_1 y465_2 w25d_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Mission<span class=\"__7 _355\"></span>s de conseil<span class=\"__7 _355\"></span>s fiscaux<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2f9_1 y465_2 w1e_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2fa_1 y465_2 w1d_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w25e_1 h20_6\"><div class=\"t_7 m2_7 x80_5 h13_7 y466_2 ffb_2 fs8_7 fc4_7 sc0_7 ls1f_7 ws5e_5\">1\ue005</div></td><td class=\"c_2 n_2 x2fb_1 y35f_3 w25f_1 h20_6\"><div class=\"t_7 m2_7 x80_5 h13_7 y466_2 ffb_2 fs8_7 fc4_7 sc0_7 ls1f_7 ws5e_5\"><span class=\"__7 _365\"> </span><span class=\"__7 gsf0_1\"> </span><span class=\"__7 _8f_2\"></span>Suite\ue005\u00e0\ue005la\ue005di<span class=\"__7 _355\"></span>ssolution<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>C<span class=\"__7 _355\"></span>omit\u00e9<span class=\"__7 gs79_1\"> </span>ex<span class=\"__7 _355\"></span>\u00e9cutif,<span class=\"__7 gs79_1\"> </span>le<span class=\"__7 gs79_1\"> </span>C<span class=\"__7 _355\"></span>onseil<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>dir<span class=\"__7 _355\"></span>ection<span class=\"__7 gs79_1\"> </span>a<span class=\"__7 gs79_1\"> </span>\u00e9t\u00e9<span class=\"__7 gs79_1\"> </span>mis<span class=\"__7 gs79_1\"> </span>en<span class=\"__7 gs79_1\"> </span>pl<span class=\"__7 _355\"></span>ace<span class=\"__7 gs79_1\"> </span>en<span class=\"__7 gs79_1\"> </span>janvier<span class=\"__7 gs79_1\"> </span>2<span class=\"__7 _355\"></span>02<span class=\"__7 _361\"></span>4.<span class=\"__7 gs79_1\"> </span>Il<span class=\"__7 gs79_1\"> </span>comptait<span class=\"__7 gs79_1\"> </span>initialem<span class=\"__7 _355\"></span>ent<span class=\"__7 gs79_1\"> </span>qua<span class=\"__7 _355\"></span>tre<span class=\"__7 gs79_1\"> </span>membr<span class=\"__7 _355\"></span>es<span class=\"__7 gs79_1\"> </span>(hors<span class=\"__7 gs79_1\"> </span>CE<span class=\"__7 _355\"></span>O),<span class=\"__7 gs79_1\"> </span>puis<span class=\"__7 gs79_1\"> </span>cinq<span class=\"__7 gs79_1\"> </span>mem<span class=\"__7 _355\"></span>bres<span class=\"__7 gs79_1\"> </span>\u00e0<span class=\"__7 gs79_1\"> </span>comp<span class=\"__7 _355\"></span>ter<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>1er<span class=\"__7 gs79_1\"> </span>juille<span class=\"__7 _355\"></span>t<span class=\"__7 gs79_1\"> </span>20<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>4.<span class=\"__7 gs79_1\"> </span>\u00c0<span class=\"__7 gs79_1\"> </span>partir<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>1er<span class=\"__7 gs79_1\"> </span>janvier<span class=\"__7 gs79_1\"> </span>2<span class=\"__7 _355\"></span>025<span class=\"__7 _355\"></span>,<span class=\"__7 gs79_1\"> </span>la<span class=\"__7 gs79_1\"> </span>r\u00e9mun\u00e9r<span class=\"__7 _355\"></span>ation<span class=\"__7 gs79_1\"> </span>du<span class=\"__7 gs79_1\"> </span>C<span class=\"__7 _355\"></span>EO<span class=\"__7 gs79_1\"> </span></div></td><td></td><td></td><td></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-310": {
   "value": "3.<span class=\"__7 _358\"></span>19 PLAN D<span class=\"__7 _355\"></span>\u2019OP<span class=\"__7 _355\"></span>TION SU<span class=\"__7 _355\"></span>R A<span class=\"__7 _355\"></span>CTION<span class=\"__7 _355\"></span>S DU PE<span class=\"__7 _355\"></span>RS<span class=\"__7 _355\"></span>ONN<span class=\"__7 _355\"></span>EL<span class=\"__7 _358\"></span> <span class=\"__7 _364\"></span>  Na<span class=\"__7 _355\"></span>tur<span class=\"__7 _355\"></span>e et port\u00e9e des ac<span class=\"__7 _355\"></span>cord<span class=\"__7 _355\"></span>s  L<span class=\"__7 _355\"></span>e groupe So<span class=\"__7 _355\"></span>fina propo<span class=\"__7 _355\"></span>se \u00e0 ses membr<span class=\"__7 _355\"></span>es du per<span class=\"__7 _355\"></span>sonnel 1 des pla<span class=\"__7 _355\"></span>ns d\u2019<span class=\"__7 _358\"></span>option<span class=\"__7 _355\"></span>s sur action<span class=\"__7 _355\"></span>s Sofina. Ce<span class=\"__7 _355\"></span>s options son<span class=\"__7 _355\"></span>t exer<span class=\"__7 _355\"></span>\u00e7ables a<span class=\"__7 _355\"></span>u plus t\u00f4<span class=\"__7 _355\"></span>t le 1<span class=\"__7 _357\"> </span>er janvi<span class=\"__7 _355\"></span>er de la quatri<span class=\"__7 _355\"></span>\u00e8me ann\u00e9e civile qui suit celle a<span class=\"__7 _355\"></span>u cours de l<span class=\"__7 _355\"></span>aquelle l\u2019<span class=\"__7 _361\"></span>offre a eu lie<span class=\"__7 _355\"></span>u, et au plu<span class=\"__7 _355\"></span>s tar<span class=\"__7 _355\"></span>d jus<span class=\"__7 _355\"></span>qu\u2019<span class=\"__7 _355\"></span>\u00e0 la veille du dixi<span class=\"__7 _355\"></span>\u00e8me anniver<span class=\"__7 _355\"></span>saire du j<span class=\"__7 _355\"></span>our de l\u2019<span class=\"__7 _361\"></span>offre<span class=\"__7 _355\"></span>.<span class=\"__7 _359\"></span> L<span class=\"__7 _355\"></span>e mode de r\u00e8glem<span class=\"__7 _355\"></span>ent des pla<span class=\"__7 _355\"></span>ns d\u2019<span class=\"__7 _358\"></span>option<span class=\"__7 _355\"></span>s se fait uniquemen<span class=\"__7 _355\"></span>t en action<span class=\"__7 _355\"></span>s Sofina e<span class=\"__7 _355\"></span>xistan<span class=\"__7 _355\"></span>tes<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>La Soci\u00e9t<span class=\"__7 _355\"></span>\u00e9 veille \u00e0 tout m<span class=\"__7 _355\"></span>oment \u00e0 d\u00e9t<span class=\"__7 _355\"></span>enir le nombr<span class=\"__7 _355\"></span>e d\u2019<span class=\"__7 _355\"></span>action<span class=\"__7 _355\"></span>s propre<span class=\"__7 _355\"></span>s n\u00e9ces<span class=\"__7 _355\"></span>saire pour co<span class=\"__7 _355\"></span>uvrir les diff\u00e9ren<span class=\"__7 _355\"></span>ts plan<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _361\"></span>option<span class=\"__7 _355\"></span>s.<span class=\"__7 _357\"> </span><table class=\"s_2 w260_1 h40\" id=\"_f5a44f98-37c4-4f0e-ab53-b9c197b580dd\"><tr><td class=\"c_2 n_2 x84_5 y467_2 w261_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">OPTIONS A<span class=\"__7 _361\"></span>T<span class=\"__7 _359\"></span>T<span class=\"__7 _359\"></span>RIBU\u00c9ES<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2fc_1 y467_2 w262_1 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE</div></td><td class=\"t_7 m2_7 x2fd_1 h4_7 y468_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">PRIX D'EXERCICE MOYEN </td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x2fe_1 h4_7 y469_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">PON<span class=\"__7 _355\"></span>D\u00c9R\u00c9 (EN EU<span class=\"__7 _355\"></span>R)<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x84_5 y46a_2 w263_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Ex<span class=\"__7 _355\"></span>er\u00e7ables au 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>4<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x2ff_1 y46a_2 w264_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">39<span class=\"__7 _355\"></span>1.500<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x300_1 y46a_2 w265_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">196,<span class=\"__7 _355\"></span>06<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y46b_2 w266_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">En cir<span class=\"__7 _355\"></span>culation a<span class=\"__7 _355\"></span>u 01/<span class=\"__7 _355\"></span>0<span class=\"__7 _355\"></span>1/2<span class=\"__7 _355\"></span>025<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x301_1 y46b_2 w267_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">990.34<span class=\"__7 _355\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x302_1 y46b_2 w268_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>36,50<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 x84_5 y46c_2 w269_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Attribu\u00e9es</div><div class=\"t_7 m2_7 x303_1 hf_7 y377_3 ff3_7 fs7_7 fc0_7 sc0_7 ls2_7 ws1f_7\">2<span class=\"__7 _357\"> </span></div><div class=\"t_7 m2_7 x304_1 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">dur<span class=\"__7 _355\"></span>ant l\u2019<span class=\"__7 _358\"></span>ex<span class=\"__7 _355\"></span>ercice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x305_1 y46c_2 w26a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">190<span class=\"__7 _355\"></span>.605<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x306_1 y46c_2 wc5_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">219<span class=\"__7 _355\"></span>,61<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y46d_2 w26b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Exer<span class=\"__7 _355\"></span>c\u00e9es du<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>t l\u2019<span class=\"__7 _361\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x307_1 y46d_2 w26c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-36.<span class=\"__7 _361\"></span>705<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x308_1 y46d_2 w26d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">158,<span class=\"__7 _361\"></span>15<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y46e_2 w26e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Ren<span class=\"__7 _355\"></span>onc\u00e9es du<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>t l\u2019<span class=\"__7 _361\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x309_1 y46e_2 w19_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">0<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x30a_1 y46e_2 w26f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">0,00<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y46f_2 w270_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Expir<span class=\"__7 _355\"></span>\u00e9es dur<span class=\"__7 _355\"></span>ant l\u2019<span class=\"__7 _358\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x30b_1 y46f_2 w271_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">-10.<span class=\"__7 _355\"></span>500<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x30c_1 y46f_2 w157_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">342,40<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y470_2 w272_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">En cir<span class=\"__7 _355\"></span>culation a<span class=\"__7 _355\"></span>u 31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x30d_1 y470_2 w76_2 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _355\"></span>133.<span class=\"__7 _361\"></span>7<span class=\"__7 _361\"></span>41<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x30e_1 y470_2 w16e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">222,<span class=\"__7 _361\"></span>15<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w273_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Ex<span class=\"__7 _355\"></span>er\u00e7ables au 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _355\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x30f_1 y35f_3 w274_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">50<span class=\"__7 _361\"></span>7<span class=\"__7 _361\"></span>.845<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x310_1 y35f_3 w275_1 h20_6\"><div class=\"t_7 m2_7 x80_5 he_7 y36f_3 ff7_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>54,35<span class=\"__7 _357\"> </span></div></td></tr></table>L<span class=\"__7 _355\"></span>e prix moyen pond\u00e9r<span class=\"__7 _355\"></span>\u00e9 des acti<span class=\"__7 _355\"></span>ons, \u00e0 la d<span class=\"__7 _355\"></span>ate d\u2019<span class=\"__7 _358\"></span>ex<span class=\"__7 _355\"></span>ercice de<span class=\"__7 _355\"></span>s options e<span class=\"__7 _355\"></span>xer<span class=\"__7 _355\"></span>c\u00e9es du<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>t l\u2019<span class=\"__7 _355\"></span>ann\u00e9e<span class=\"__7 _355\"></span>, est de 260<span class=\"__7 _355\"></span>,36 EUR.<span class=\"__7 _357\"> </span>La fo<span class=\"__7 _355\"></span>urche<span class=\"__7 _355\"></span>tte de prix d\u2019<span class=\"__7 _358\"></span>exer<span class=\"__7 _355\"></span>cice des 1.<span class=\"__7 _358\"></span>133.<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>41 op<span class=\"__7 _355\"></span>tions en cir<span class=\"__7 _355\"></span>culati<span class=\"__7 _355\"></span>on au 31 d\u00e9c<span class=\"__7 _355\"></span>embre 2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>5 est de 12<span class=\"__7 _355\"></span>7<span class=\"__7 _358\"></span>,38 EUR \u00e0 383<span class=\"__7 _355\"></span>,21 EUR (v<span class=\"__7 _355\"></span>oir tablea<span class=\"__7 _355\"></span>u ci-dessou<span class=\"__7 _355\"></span>s) et la dur<span class=\"__7 _355\"></span>\u00e9e de vie con<span class=\"__7 _355\"></span>tract<span class=\"__7 _355\"></span>uelle r\u00e9sid<span class=\"__7 _355\"></span>uelle moyenne pon<span class=\"__7 _355\"></span>d\u00e9r\u00e9e es<span class=\"__7 _355\"></span>t de<span class=\"__7 _359\"></span> six ann\u00e9e<span class=\"__7 _355\"></span>s av<span class=\"__7 _355\"></span>ec une fou<span class=\"__7 _355\"></span>rche<span class=\"__7 _355\"></span>tte d\u2019<span class=\"__7 _361\"></span>ex<span class=\"__7 _355\"></span>ercic<span class=\"__7 _355\"></span>e des option<span class=\"__7 _355\"></span>s alla<span class=\"__7 _355\"></span>nt de z\u00e9r<span class=\"__7 _355\"></span>o \u00e0 neuf a<span class=\"__7 _355\"></span>nn\u00e9es.<span class=\"__7 _357\"> </span><table class=\"s_2 w276_1 h41\" id=\"_af308686-e117-49a8-bfd1-b8c5732e6c9d\"><tr><td class=\"t_7 m2_7 x27b_1 h4_7 y471_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">FO<span class=\"__7 _355\"></span>URCHETTE DE P<span class=\"__7 _355\"></span>RIX D'EXE<span class=\"__7 _355\"></span>RCIC<span class=\"__7 _355\"></span>E DE<span class=\"__7 _355\"></span>S OPTION<span class=\"__7 _355\"></span>S </td><td></td><td class=\"t_7 m2_7 x311_1 h4_7 y472_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x2a0_1 h4_7 y471_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">PRIX D'EXERCICE MOYEN </td></tr><tr><td class=\"t_7 m2_7 x27b_1 h4_7 y473_2 ff2_7 fs3_7 fc2_7 sc0_7 ls17_7 ws1b_7\">AT<span class=\"__7 _364\"></span>T<span class=\"__7 _356\"></span>R<span class=\"__7 _356\"></span>I<span class=\"__7 _356\"></span>B<span class=\"__7 _356\"></span>U<span class=\"__7 _364\"></span>\u00c9<span class=\"__7 _356\"></span>E<span class=\"__7 _359\"></span>S<span class=\"__7 _357\"> </span></td><td></td><td></td><td class=\"t_7 m2_7 x312_1 h4_7 y473_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">PON<span class=\"__7 _355\"></span>D\u00c9R\u00c9 (EN EU<span class=\"__7 _355\"></span>R)<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x84_5 y474_2 w277_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">10<span class=\"__7 _355\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x313_1 y474_2 w278_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">EUR \u00e0 150 EUR<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x314_1 y474_2 w279_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">44.550<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x315_1 y474_2 w27a_1 h2c_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y3a7_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">12<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>,38<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f5_3 w27b_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">15<span class=\"__7 _355\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x316_1 y3f5_3 w27c_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">EUR \u00e0 200 EU<span class=\"__7 _355\"></span>R<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x317_1 y3f5_3 w27d_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">384.2<span class=\"__7 _355\"></span>36<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x318_1 y3f5_3 w27e_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls29_7 ws4c_5\">18<span class=\"__7 _359\"></span>9,9<span class=\"__7 _359\"></span>2<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y3f0_3 w27f_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">2<span class=\"__7 _355\"></span>00<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x319_1 y3f0_3 w280_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">EUR \u00e0 250 EUR<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x31a_1 y3f0_3 w281_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5<span class=\"__7 _355\"></span>15.905<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x31b_1 y3f0_3 w282_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">219<span class=\"__7 _355\"></span>,84<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y397_3 w283_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">350<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x31c_1 y397_3 w284_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">EUR \u00e0 400 EUR<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x31d_1 y397_3 w175_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">189<span class=\"__7 _361\"></span>.050<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x31e_1 y397_3 w285_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">38<span class=\"__7 _355\"></span>3,21<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w286_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">Option<span class=\"__7 _355\"></span>s en circula<span class=\"__7 _355\"></span>tion au 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _355\"></span>025<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x31f_1 y35f_3 w76_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y34e_3 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _361\"></span>133.<span class=\"__7 _361\"></span>7<span class=\"__7 _355\"></span>41<span class=\"__7 _357\"> </span></div></td><td></td></tr></table>Ca<span class=\"__7 _355\"></span>lcul de la v<span class=\"__7 _355\"></span>aleur<span class=\"__7 _357\"> </span>Prix m<span class=\"__7 _355\"></span>oyen pond\u00e9r<span class=\"__7 _355\"></span>\u00e9 des opti<span class=\"__7 _355\"></span>ons attrib<span class=\"__7 _355\"></span>u\u00e9es 2 <span class=\"__7 _361\"></span>en <span class=\"__7 _361\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 gs109_1\"> </span><span class=\"__7 _361\"></span>: <span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>4,<span class=\"__7 _355\"></span>75 <span class=\"__7 _361\"></span>EUR. <span class=\"__7 _361\"></span>Le <span class=\"__7 _358\"></span>mod\u00e8le <span class=\"__7 _361\"></span>d\u2019<span class=\"__7 _361\"></span>\u00e9va<span class=\"__7 _355\"></span>lua<span class=\"__7 _355\"></span>tion <span class=\"__7 _361\"></span>utilis\u00e9 <span class=\"__7 _361\"></span>est <span class=\"__7 _361\"></span>le <span class=\"__7 _361\"></span>mod\u00e8le Blac<span class=\"__7 _355\"></span>k-Scholes. <span class=\"__7 _355\"></span>L<span class=\"__7 _355\"></span>es mo<span class=\"__7 _355\"></span>yennes <span class=\"__7 _355\"></span>pond\u00e9r\u00e9e<span class=\"__7 _355\"></span>s des <span class=\"__7 _355\"></span>principaux <span class=\"__7 _355\"></span>para<span class=\"__7 _355\"></span>m\u00e8tre<span class=\"__7 _355\"></span>s utilis\u00e9<span class=\"__7 _355\"></span>s pour <span class=\"__7 _355\"></span>les c<span class=\"__7 _355\"></span>alculs <span class=\"__7 _355\"></span>sont<span class=\"__7 gs109_1\"> </span>:<span class=\"__7 _357\"> </span><table class=\"s_2 w287_1 h42\" id=\"_bf080061-7392-46a7-b319-7ee28590bf99\"><tr><td></td><td class=\"t_7 m2_7 x320_1 h4_7 y475_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">PRIX DE L<span class=\"__7 _359\"></span>'<span class=\"__7 _355\"></span>ACTION </td><td class=\"t_7 m2_7 x321_1 h4_7 y475_2 ff2_7 fs3_7 fc2_7 sc0_7 ls24_7 ws36_5\">RENDEMEN<span class=\"__7 _359\"></span>T </td><td class=\"t_7 m2_7 x322_1 h4_7 y475_2 ff2_7 fs3_7 fc2_7 sc0_7 ls17_7 ws1b_7\">TA<span class=\"__7 _356\"></span>U<span class=\"__7 _356\"></span>X<span class=\"__7 _356\"></span> </td><td class=\"t_7 m2_7 x15e_1 h4_7 y476_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">V<span class=\"__7 _355\"></span>OLA<span class=\"__7 _361\"></span>TILIT\u00c9<span class=\"__7 _355\"></span> </td><td class=\"t_7 m2_7 x323_1 h4_7 y475_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">MA<span class=\"__7 _358\"></span>TURIT\u00c9 DE </td></tr><tr><td class=\"t_7 m2_7 x27b_1 h4_7 y477_2 ff2_7 fs3_7 fc2_7 sc0_7 ls50_5 ws92_1\">EXE<span class=\"__7 _359\"></span>RCICE<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x324_1 h4_7 y477_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">SO<span class=\"__7 _355\"></span>US-J<span class=\"__7 _355\"></span>AC<span class=\"__7 _355\"></span>ENTE (EN </td><td class=\"t_7 m2_7 x325_1 h4_7 y477_2 ff2_7 fs3_7 fc2_7 sc0_7 ls40_5 ws50_5\">SUR LE </td><td class=\"t_7 m2_7 x326_1 h4_7 y477_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">D'INT\u00c9<span class=\"__7 _355\"></span>R\u00caT </td><td class=\"t_7 m2_7 x327_1 h4_7 y478_2 ff2_7 fs3_7 fc2_7 sc0_7 ls2_7 ws0_7\">A<span class=\"__7 _361\"></span>T<span class=\"__7 _359\"></span>TENDUE </td><td class=\"t_7 m2_7 x15b_1 h4_7 y477_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">L'OPTION<span class=\"ls2_7 ws0_7\"> </span></td></tr><tr><td></td><td class=\"t_7 m2_7 x328_1 h4_7 y479_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">EUR)<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x158_1 h4_7 y479_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">DIVIDENDE </td><td class=\"t_7 m2_7 x329_1 h4_7 y479_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">SANS RISQUE</td><td></td><td class=\"t_7 m2_7 x323_1 h4_7 y479_2 ff2_7 fs3_7 fc2_7 sc0_7 ls24_7 ws38_5\"> (EN A<span class=\"__7 _359\"></span>NN\u00c9ES)<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"c_2 n_2 x32a_1 y35f_3 w288_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls38_6 ws5f_5\">202<span class=\"__7 _359\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x32b_1 y35f_3 w289_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>19,<span class=\"__7 _355\"></span>61<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x32c_1 y35f_3 w28a_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,44%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x32d_1 y35f_3 w28b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2,8<span class=\"__7 _355\"></span>3%<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x32e_1 y35f_3 w28c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>,63%</div></td><td class=\"c_2 n_2 x32f_1 y35f_3 w28d_1 h43\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff4_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\"><span class=\"__7 gs3f_1\"> </span>6,<span class=\"__7 _355\"></span>6\ue064\ue064\ue064<span class=\"__7 _357\"> </span></div></td></tr></table>La vola<span class=\"__7 _355\"></span>tilit\u00e9 a \u00e9t<span class=\"__7 _355\"></span>\u00e9 calcul\u00e9e sur l<span class=\"__7 _355\"></span>a base des mo<span class=\"__7 _355\"></span>uvemen<span class=\"__7 _355\"></span>ts histori<span class=\"__7 _355\"></span>ques du co<span class=\"__7 _355\"></span>urs de l\u2019<span class=\"__7 _361\"></span>action Sofina a<span class=\"__7 _355\"></span>u cours de<span class=\"__7 _355\"></span>s<span class=\"__7 _359\"></span> 6,<span class=\"__7 _355\"></span>5 derni\u00e8re<span class=\"__7 _355\"></span>s ann\u00e9es (c<span class=\"__7 _355\"></span>e qui corre<span class=\"__7 _355\"></span>spond \u00e0 la dur<span class=\"__7 _355\"></span>\u00e9e moyenne de<span class=\"__7 _355\"></span>s plan<span class=\"__7 _355\"></span>s).<span class=\"__7 _359\"></span> Effet sur le r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span>La cha<span class=\"__7 _355\"></span>rge de 20<span class=\"__7 _355\"></span>25 en r<span class=\"__7 _355\"></span>elation a<span class=\"__7 _355\"></span>vec les pl<span class=\"__7 _355\"></span>ans d\u2019<span class=\"__7 _358\"></span>option<span class=\"__7 _355\"></span>s sur action<span class=\"__7 _355\"></span>s s\u2019<span class=\"__7 _361\"></span>\u00e9l\u00e8ve \u00e0 12.2<span class=\"__7 _355\"></span>53 millier<span class=\"__7 _355\"></span>s EUR (10.343 millier<span class=\"__7 _355\"></span>s<span class=\"__7 _359\"></span><span class=\"ls2_7 ws0_7\"> </span>EUR en 2<span class=\"__7 _355\"></span>02<span class=\"__7 _361\"></span>4).<span class=\"__7 _357\"> </span>1<span class=\"__7 gs79_1\"> </span><span class=\"__7 _365\"> </span>Sal<span class=\"__7 _355\"></span>ari\u00e9s<span class=\"__7 gs79_1\"> </span>et<span class=\"__7 gs79_1\"> </span>Chief<span class=\"__7 gs79_1\"> </span>Ex<span class=\"__7 _355\"></span>ecutive<span class=\"__7 gs79_1\"> </span>Officer<span class=\"__7 _361\"></span>.2<span class=\"__7 gs79_1\"> </span> Da<span class=\"__7 _355\"></span>te<span class=\"__7 gs79_1\"> </span>effectiv<span class=\"__7 _355\"></span>e<span class=\"__7 gs79_1\"> </span>apr\u00e8s<span class=\"__7 gs79_1\"> </span>les<span class=\"__7 gs79_1\"> </span>60<span class=\"__7 gs79_1\"> </span>j<span class=\"__7 _355\"></span>ours<span class=\"__7 gs79_1\"> </span>de<span class=\"__7 gs79_1\"> </span>la<span class=\"__7 gs79_1\"> </span>p\u00e9riode<span class=\"__7 gs79_1\"> </span>d\u2019<span class=\"__7 _361\"></span>accepta<span class=\"__7 _355\"></span>tion.<span class=\"__7 gs79_1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-311": {
   "value": "<div class=\"t_7 m1_7 h2_7 ff8_5 fs1_7 fc1_7 sc0_7 ls1_7 ws94_1 gs112_1\">3.2<span class=\"__7 _361\"></span>0 <span class=\"__7 _364\"></span>\u00c9V\u00c9<span class=\"__7 _355\"></span>NEM<span class=\"__7 _355\"></span>ENTS <span class=\"__7 _356\"></span>POS<span class=\"__7 _361\"></span>T\u00c9RIEUR<span class=\"__7 _361\"></span>S <span class=\"__7 _364\"></span>\u00c0 <span class=\"__7 _356\"></span>LA<span class=\"__7 gs17_1\"> </span>CL<span class=\"__7 _358\"></span>\u00d4TU<span class=\"__7 _355\"></span>RE<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls52_4 ws95_1 gs113_1\">Depuis le d\u00e9b<span class=\"__7 _355\"></span>ut de l\u2019<span class=\"__7 _355\"></span>ann\u00e9e 2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>6, no<span class=\"__7 _355\"></span>us av<span class=\"__7 _355\"></span>ons pour<span class=\"__7 _355\"></span>suivi nos activit<span class=\"__7 _355\"></span>\u00e9s d\u2019inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>t et de d\u00e9sin<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span></div><div class=\"t_7 m33_1 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls53_4 ws96_1 gs114_1\">ve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t. L<span class=\"__7 _355\"></span>es principa<span class=\"__7 _355\"></span>les tra<span class=\"__7 _355\"></span>nsaction<span class=\"__7 _355\"></span>s compr<span class=\"__7 _355\"></span>ennent n<span class=\"__7 _355\"></span>os inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>ts dan<span class=\"__7 _355\"></span>s Cer<span class=\"__7 _355\"></span>ealis, le<span class=\"__7 _355\"></span> </div><div class=\"t_7 m1_7 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls52_4 ws97_1 gs115_1\">principa<span class=\"__7 _355\"></span>l acteur portugai<span class=\"__7 _355\"></span>s du secte<span class=\"__7 _355\"></span>ur des prod<span class=\"__7 _355\"></span>uits alimen<span class=\"__7 _355\"></span>taire<span class=\"__7 _355\"></span>s, et XB<span class=\"__7 _355\"></span>OW, une soci<span class=\"__7 _355\"></span>\u00e9t\u00e9 am<span class=\"__7 _355\"></span>\u00e9ricaine </div><div class=\"t_7 m34_1 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls52_4 ws98_1 gs116_1\">sp\u00e9ciali<span class=\"__7 _355\"></span>s\u00e9e dan<span class=\"__7 _355\"></span>s la s\u00e9curit\u00e9 o<span class=\"__7 _355\"></span>ffensiv<span class=\"__7 _355\"></span>e bas\u00e9e sur l\u2019in<span class=\"__7 _355\"></span>telligence a<span class=\"__7 _355\"></span>r<span class=\"__7 _359\"></span>tificielle<span class=\"__7 _355\"></span>. Nous a<span class=\"__7 _355\"></span>vons \u00e9ga<span class=\"__7 _355\"></span>lement </div><div class=\"t_7 m1_7 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls52_4 ws99_1 gs117_1\">ren<span class=\"__7 _355\"></span>for<span class=\"__7 _355\"></span>c\u00e9 nos inv<span class=\"__7 _355\"></span>estiss<span class=\"__7 _355\"></span>ements d<span class=\"__7 _355\"></span>ans The Wh<span class=\"__7 _355\"></span>ole T<span class=\"__7 _361\"></span>ruth, la plu<span class=\"__7 _355\"></span>s grande m<span class=\"__7 _355\"></span>arque in<span class=\"__7 _355\"></span>dienne de prod<span class=\"__7 _355\"></span>uits </div><div class=\"t_7 m1_7 h18_7 ff4_7 fsa_7 fc0_7 sc0_7 ls52_4 ws9a_1 gs118_1\">alimen<span class=\"__7 _355\"></span>taire<span class=\"__7 _355\"></span>s <span class=\"__7 _355\"></span>\u00ab\u202fclean <span class=\"__7 _355\"></span>label\u202f\u00bb <span class=\"__7 _361\"></span>\u00e0 l<span class=\"__7 _355\"></span>a c<span class=\"__7 _355\"></span>rois<span class=\"__7 _355\"></span>sance <span class=\"__7 _361\"></span>la pl<span class=\"__7 _355\"></span>us <span class=\"__7 _355\"></span>rap<span class=\"__7 _355\"></span>ide, <span class=\"__7 _355\"></span>ainsi <span class=\"__7 _361\"></span>que d<span class=\"__7 _355\"></span>ans <span class=\"__7 _361\"></span>PETKIT<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls52_4 ws9b_1 gs119_1\">\u00b3, une en<span class=\"__7 _355\"></span>trepris<span class=\"__7 _355\"></span>e de </div><div class=\"t_7 m1_7 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls52_4 ws9c_1 gs11a_1\">soin<span class=\"__7 _355\"></span>s pour anima<span class=\"__7 _355\"></span>ux en forte cr<span class=\"__7 _355\"></span>oissa<span class=\"__7 _355\"></span>nce en Chine. E<span class=\"__7 _355\"></span>nfin, no<span class=\"__7 _355\"></span>us av<span class=\"__7 _355\"></span>ons mon\u00e9<span class=\"__7 _355\"></span>tis\u00e9 une pa<span class=\"__7 _355\"></span>rtie de notr<span class=\"__7 _355\"></span>e </div><div class=\"t_7 m1_7 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls52_4 ws9d_1 gs11b_1\">inves<span class=\"__7 _355\"></span>tissemen<span class=\"__7 _355\"></span>t dan<span class=\"__7 _355\"></span>s opseo<span class=\"__7 _355\"></span>, une soci\u00e9t<span class=\"__7 _355\"></span>\u00e9 active da<span class=\"__7 _355\"></span>ns le sec<span class=\"__7 _355\"></span>teur des s<span class=\"__7 _355\"></span>oins am<span class=\"__7 _355\"></span>bulat<span class=\"__7 _355\"></span>oire<span class=\"__7 _355\"></span>s, au tra<span class=\"__7 _355\"></span>ver<span class=\"__7 _355\"></span>s </div><div class=\"t_7 m1_7 h16_7 ff3_7 fsa_7 fc0_7 sc0_7 ls52_4 ws0_7 gs11c_1\">d\u2019une ce<span class=\"__7 _355\"></span>ssion partielle<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span></div><div class=\"t_7 ma_5 h10_7 ff9_4 fs8_7 fc4_7 sc0_7 ls1f_7 ws0_7 gs121_1\">3  <span class=\"__7 _367\"> </span>Un accor<span class=\"__7 _355\"></span>d de cession a \u00e9t<span class=\"__7 _355\"></span>\u00e9 sign\u00e9 mais la tr<span class=\"__7 _355\"></span>ansacti<span class=\"__7 _355\"></span>on n\u2019<span class=\"__7 _355\"></span>a pas encor<span class=\"__7 _355\"></span>e \u00e9t\u00e9 cl\u00f4t<span class=\"__7 _355\"></span>ur\u00e9e.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-312": {
   "value": "<div class=\"t_7 m1_7 h2_7 ff2_7 fs1_7 fc1_7 sc0_7 ls1_7 ws0_7 gs123_1\">3.21 L<span class=\"__7 _361\"></span>ISTE D<span class=\"__7 _355\"></span>E<span class=\"__7 _355\"></span>S FIL<span class=\"__7 _355\"></span>IA<span class=\"__7 _355\"></span>LE<span class=\"__7 _355\"></span>S ET ENTR<span class=\"__7 _355\"></span>EPRI<span class=\"__7 _355\"></span>SE<span class=\"__7 _355\"></span>S ASS<span class=\"__7 _361\"></span>OCI\u00c9E<span class=\"__7 _361\"></span>S<span class=\"__7 _357\"> </span></div><div class=\"gs124_1\"><table class=\"s_2 w28e_1 h44\" id=\"_df048d48-5d7c-4201-a3fe-7a85f40d3320\"><tr><td></td><td></td><td></td><td class=\"c_2 n_2 x331_1 y47a_2 w28f_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">DRO<span class=\"__7 _355\"></span>ITS SOC<span class=\"__7 _355\"></span>IAUX D<span class=\"__7 _355\"></span>\u00c9TENUS<span class=\"__7 _357\"> </span></div></td><td></td><td class=\"c_2 n_2 x332_1 y47a_2 w28f_1 h27_3\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">DROIT<span class=\"__7 _355\"></span>S SOCI<span class=\"__7 _355\"></span>AUX D\u00c9TE<span class=\"__7 _355\"></span>NUS<span class=\"__7 _357\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"t_7 m2_7 x333_1 h4_7 y47b_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">D\u00c9NOMINA<span class=\"__7 _361\"></span>TION E<span class=\"__7 _359\"></span>T SI\u00c8GE <span class=\"__7 _368\"> </span><span class=\"ls54_4 ws83_1\">LIEN<span class=\"__7 _357\"> </span></span></td><td class=\"t_7 m2_7 x334_1 h4_7 y47c_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE<span class=\"ls2_7 ws0_7\"> </span></td><td class=\"t_7 m2_7 x335_1 h4_7 y47d_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">% DE<span class=\"ls2_7 ws0_7\"> </span></td><td class=\"t_7 m2_7 x336_1 h4_7 y47c_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">NOMBRE<span class=\"ls2_7 ws0_7\"> </span></td><td class=\"t_7 m2_7 x337_1 h4_7 y47d_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws1c_7\">% DE<span class=\"ls2_7 ws0_7\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t_7 m2_7 x338_1 h4_7 y47e_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">D\u2019<span class=\"__7 _355\"></span>ACTIONS<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x339_1 h4_7 y47f_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">P<span class=\"__7 _361\"></span>ART<span class=\"__7 _359\"></span>ICIP<span class=\"__7 _361\"></span>A<span class=\"__7 _361\"></span>TION<span class=\"ls2_7 ws0_7\"> </span></td><td class=\"t_7 m2_7 x33a_1 h4_7 y47e_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">D\u2019<span class=\"__7 _355\"></span>ACTIONS<span class=\"__7 _357\"> </span></td><td class=\"t_7 m2_7 x33b_1 h4_7 y47f_2 ff2_7 fs3_7 fc2_7 sc0_7 ls18_7 ws37_5\">P<span class=\"__7 _361\"></span>ART<span class=\"__7 _359\"></span>ICIP<span class=\"__7 _361\"></span>A<span class=\"__7 _361\"></span>TION<span class=\"ls2_7 ws0_7\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t_7 m2_7 x33c_1 h4_7 y480_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">AU 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _355\"></span>025<span class=\"__7 _357\"> </span></td><td></td><td class=\"t_7 m2_7 x33d_1 h4_7 y480_2 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws0_7\">AU 3<span class=\"__7 _355\"></span>1/12/2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>4<span class=\"__7 _357\"> </span></td></tr><tr><td class=\"t_7 m2_7 x333_1 h5_7 y481_2 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\">A. FIL<span class=\"__7 _355\"></span>IA<span class=\"__7 _355\"></span>LE<span class=\"__7 _355\"></span>S D'INV<span class=\"__7 _355\"></span>ES<span class=\"__7 _355\"></span>TISSE<span class=\"__7 _355\"></span>MENT - \u00c0 LA JUS<span class=\"__7 _355\"></span>TE V<span class=\"__7 _361\"></span>ALEU<span class=\"__7 _355\"></span>R </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h5_7 y482_2 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Global E<span class=\"__7 _355\"></span>ducation H<span class=\"__7 _355\"></span>olding SA<span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x33e_1 y483_2 w290_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x33f_1 y483_2 w291_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>77<span class=\"__7 _361\"></span>.262<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x340_1 y483_2 w292_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">82,0<span class=\"__7 _361\"></span>1<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x341_1 y483_2 w291_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>77<span class=\"__7 _361\"></span>.262<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x342_1 y483_2 wb6_2 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">82,0<span class=\"__7 _355\"></span>1<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y484_2 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">12, rue L<span class=\"__7 _355\"></span>\u00e9on Lava<span class=\"__7 _355\"></span>l - L<span class=\"__7 _355\"></span>U-33<span class=\"__7 _355\"></span>72 L<span class=\"__7 _355\"></span>eudelan<span class=\"__7 _355\"></span>ge<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h5_7 y485_2 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">Sofina Asi<span class=\"__7 _355\"></span>a Priva<span class=\"__7 _355\"></span>te L<span class=\"__7 _361\"></span>td.<span class=\"ls2_7\"> </span></td><td class=\"c_2 n_2 x33e_1 y486_2 w293_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x343_1 y486_2 w294_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2.2<span class=\"__7 _355\"></span>95.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x344_1 y486_2 w295_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x345_1 y486_2 w296_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.<span class=\"__7 _355\"></span>995.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x346_1 y486_2 w295_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x347_1 y487_2 w297_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">108<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x348_1 y487_2 w298_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Amoy S<span class=\"__7 _355\"></span>treet # 0<span class=\"__7 _355\"></span>3-01 - S<span class=\"__7 _355\"></span>G-069928 Sin<span class=\"__7 _355\"></span>gapour<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h5_7 y488_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sofina C<span class=\"__7 _355\"></span>apital SA<span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x33e_1 y489_1 w293_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x349_1 y489_1 w299_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls36_6 ws5b_5\">5.872.576<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x34a_1 y489_1 w295_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x34b_1 y489_1 w29a_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls36_6 ws5b_5\">5.872.5<span class=\"__7 _355\"></span>76<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x34c_1 y489_1 w29b_1 h1d_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y48a_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">12, rue L<span class=\"__7 _355\"></span>\u00e9on Lava<span class=\"__7 _355\"></span>l - L<span class=\"__7 _355\"></span>U-33<span class=\"__7 _355\"></span>72 L<span class=\"__7 _355\"></span>eudelan<span class=\"__7 _355\"></span>ge<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h5_7 y48b_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">Sofina Globa<span class=\"__7 _355\"></span>l SA SIF<span class=\"ls2_7\"> </span></td><td class=\"c_2 n_2 x33e_1 y48c_1 w290_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x34d_1 y48c_1 w29c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">17<span class=\"__7 _361\"></span>.500.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x34e_1 y48c_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x34f_1 y48c_1 w29d_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">17<span class=\"__7 _358\"></span>.500.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x34c_1 y48c_1 w29b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y48d_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">12, rue L<span class=\"__7 _355\"></span>\u00e9on Lava<span class=\"__7 _355\"></span>l - L<span class=\"__7 _355\"></span>U-33<span class=\"__7 _355\"></span>72 L<span class=\"__7 _355\"></span>eudelan<span class=\"__7 _355\"></span>ge<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h5_7 y48e_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sofina Inv<span class=\"__7 _355\"></span>est SA<span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x33e_1 y48f_1 w293_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x350_1 y48f_1 w29e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">30.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x351_1 y48f_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x352_1 y48f_1 w29e_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">30.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x353_1 y48f_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y490_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">12, rue L<span class=\"__7 _355\"></span>\u00e9on Lava<span class=\"__7 _355\"></span>l - L<span class=\"__7 _355\"></span>U-33<span class=\"__7 _355\"></span>72 L<span class=\"__7 _355\"></span>eudelan<span class=\"__7 _355\"></span>ge<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h19_7 y491_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">Sofina L<span class=\"__7 _361\"></span>ondon Limit<span class=\"ff5_7 ws3_7\">ed</span><span class=\"ff3_7 ls2_7\"> </span></td><td class=\"c_2 n_2 x33e_1 y492_1 w293_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x354_1 y492_1 w29f_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">4.350.000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x355_1 y492_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x356_1 y492_1 w2a0_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">50<span class=\"__7 _355\"></span>.000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x357_1 y492_1 w29b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y493_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">7th Floor<span class=\"__7 _355\"></span>, 50 Br<span class=\"__7 _355\"></span>oadway - L<span class=\"__7 _361\"></span>ondon SW1H 0DB - R<span class=\"__7 _355\"></span>oyau<span class=\"__7 _355\"></span>me-Uni<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h19_7 y494_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">Sofina P<span class=\"__7 _355\"></span>riva<span class=\"__7 _355\"></span>te Equi<span class=\"ff5_7\">ty SA SI<span class=\"__7 _355\"></span>CAR</span><span class=\"ff5_7\"><span class=\"__7 _355\"></span><span class=\"ff3_7 ls2_7\"> </span></span></td><td class=\"c_2 n_2 x33e_1 y495_1 w290_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x358_1 y495_1 w2a1_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5.<span class=\"__7 _355\"></span>910.000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x359_1 y495_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x35a_1 y495_1 w2a1_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">5.910<span class=\"__7 _355\"></span>.000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x35b_1 y495_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y496_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">12, rue L<span class=\"__7 _355\"></span>\u00e9on Lava<span class=\"__7 _355\"></span>l - L<span class=\"__7 _355\"></span>U-33<span class=\"__7 _355\"></span>72 L<span class=\"__7 _355\"></span>eudelan<span class=\"__7 _355\"></span>ge<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h5_7 y497_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sofina U<span class=\"__7 _355\"></span>S, L<span class=\"__7 _355\"></span>L<span class=\"__7 _361\"></span>C<span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x33e_1 y498_1 w293_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x35c_1 y498_1 w2a2_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">802.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x35d_1 y498_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x35e_1 y498_1 w2a2_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">802.<span class=\"__7 _355\"></span>000<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x35f_1 y498_1 w29b_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x347_1 y499_1 w2a3_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">160<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x360_1 y499_1 w2a4_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">F<span class=\"__7 _355\"></span>ederal S<span class=\"__7 _355\"></span>treet, 9th floor - M<span class=\"__7 _355\"></span>A 02110 B<span class=\"__7 _355\"></span>oston - U<span class=\"__7 _355\"></span>SA<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h19_7 y49a_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">Sofina V<span class=\"__7 _361\"></span>entur<span class=\"ff5_7\">e<span class=\"__7 _355\"></span>s SA</span><span class=\"ff5_7\"><span class=\"ff3_7 ls2_7\"> </span></span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y49b_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">2<span class=\"__7 _355\"></span>9, rue de l\u2019<span class=\"__7 _355\"></span>Industri<span class=\"__7 _355\"></span>e - 1040 Bruxelles - B<span class=\"__7 _355\"></span>elgique<span class=\"ls2_7\"> </span></td><td class=\"c_2 n_2 x33e_1 y49c_1 w293_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x361_1 y49c_1 w2a5_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.<span class=\"__7 _355\"></span>709<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x362_1 y49c_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x363_1 y49c_1 w2a5_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">11.<span class=\"__7 _355\"></span>709<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x346_1 y49c_1 w295_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">100<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x333_1 h6_7 y49d_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">Num\u00e9r<span class=\"__7 _355\"></span>o d\u2019<span class=\"__7 _361\"></span>entr<span class=\"__7 _355\"></span>eprise 042<span class=\"__7 _355\"></span>3 386 786<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h5_7 y49e_1 ff2_7 fs4_7 fc1_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">B. ENTR<span class=\"__7 _355\"></span>EPRI<span class=\"__7 _355\"></span>SES A<span class=\"__7 _355\"></span>SSOC<span class=\"__7 _355\"></span>I\u00c9E<span class=\"__7 _355\"></span>S - \u00c0 LA JUS<span class=\"__7 _355\"></span>TE V<span class=\"__7 _355\"></span>AL<span class=\"__7 _355\"></span>EUR </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h5_7 y49f_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\" colspan=\"2\">Ca<span class=\"__7 _355\"></span>mbridge Associa<span class=\"__7 _355\"></span>tes<span class=\"ls2_7\"> </span></td><td class=\"c_2 n_2 x365_1 y4a0_1 w290_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x366_1 y4a0_1 w2a6_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _361\"></span>4.242<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x367_1 y4a0_1 w2a7_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls1a_7 ws1e_7\">23,67<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x368_1 y4a0_1 w2a8_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>4.2<span class=\"__7 _355\"></span>42<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x369_1 y4a0_1 w2a9_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls31_7 ws55_5\">23,<span class=\"__7 _359\"></span>89<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4a1_1 w2aa_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">125<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x36a_1 y4a1_1 w2ab_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">High S<span class=\"__7 _355\"></span>treet - M<span class=\"__7 _355\"></span>A 02110 Bo<span class=\"__7 _355\"></span>ston - USA<span class=\"__7 _357\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h5_7 y4a2_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dott HoldC<span class=\"__7 _355\"></span>o<span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x365_1 y4a3_1 w290_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x36b_1 y4a3_1 w2ac_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">17<span class=\"__7 _361\"></span>.3<span class=\"__7 _355\"></span>71.386<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x36c_1 y4a3_1 w2ad_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>4,98<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x36d_1 y4a3_1 w2ae_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">10.<span class=\"__7 _358\"></span>143.368<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x36e_1 y4a3_1 w2af_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">2<span class=\"__7 _355\"></span>4,98<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x364_1 h6_7 y4a4_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Diemen<span class=\"__7 _355\"></span>straa<span class=\"__7 _355\"></span>t 292 - 10<span class=\"__7 _355\"></span>13 CR Am<span class=\"__7 _355\"></span>ster<span class=\"__7 _355\"></span>dam - P<span class=\"__7 _361\"></span>ays-Ba<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h5_7 y4a5_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Dr<span class=\"__7 _359\"></span>ylock T<span class=\"__7 _358\"></span>echnologies<span class=\"__7 _355\"></span><span class=\"ls2_7\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h6_7 y4a6_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Sp<span class=\"__7 _355\"></span>innerijstraa<span class=\"__7 _355\"></span>t 12 - 92<span class=\"__7 _355\"></span>40 Zele - Belgi<span class=\"__7 _355\"></span>que<span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x365_1 y4a7_1 w293_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x36f_1 y4a7_1 w2b0_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">169<span class=\"__7 _355\"></span>.7<span class=\"__7 _355\"></span>82.<span class=\"__7 _355\"></span>750<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x370_1 y4a7_1 w2b1_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">25,00<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x371_1 y4a7_1 w2b0_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">169<span class=\"__7 _355\"></span>.<span class=\"__7 _355\"></span>782.<span class=\"__7 _355\"></span>750<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x372_1 y4a7_1 w2b2_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">25,0<span class=\"__7 _359\"></span>0<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x364_1 h6_7 y4a8_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Num\u00e9r<span class=\"__7 _355\"></span>o d\u2019<span class=\"__7 _361\"></span>entr<span class=\"__7 _355\"></span>eprise 04<span class=\"__7 _355\"></span>79 766 05<span class=\"__7 _361\"></span>7<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h5_7 y4a9_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Green E Origin (Gr<span class=\"__7 _355\"></span>een Energy Origin)<span class=\"__7 _355\"></span><span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x365_1 y4aa_1 w290_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x373_1 y4aa_1 w2b3_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">58<span class=\"__7 _361\"></span>7<span class=\"__7 _361\"></span>.008<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x374_1 y4aa_1 w2b4_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">31,64<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x375_1 y4aa_1 w2b5_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">4<span class=\"__7 _359\"></span>0<span class=\"__7 _359\"></span>0<span class=\"__7 _359\"></span>.737<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x376_1 y4aa_1 w2b6_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls29_7 ws4c_5\">29,<span class=\"__7 _359\"></span>4<span class=\"__7 _359\"></span>4<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x364_1 h6_7 y4ab_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">4, rue du F<span class=\"__7 _355\"></span>ort Wa<span class=\"__7 _355\"></span>llis - L<span class=\"__7 _355\"></span>U-2<span class=\"__7 _355\"></span>714 Lux<span class=\"__7 _355\"></span>embourg<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h19_7 y4ac_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">MXP P<span class=\"__7 _355\"></span>rime Pla<span class=\"__7 _355\"></span>tform (Se<span class=\"ff5_7 ws3_7\">llerX)</span><span class=\"ff3_7 ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x365_1 y4ad_1 w290_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x377_1 y4ad_1 w2b7_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.284.2<span class=\"__7 _355\"></span>09<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x378_1 y4ad_1 w2b8_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls7_7 ws6_7\">2<span class=\"__7 _359\"></span>6,7<span class=\"__7 _356\"></span>5<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x379_1 y4ad_1 w2b9_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1.2<span class=\"__7 _355\"></span>84.2<span class=\"__7 _355\"></span>09<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x37a_1 y4ad_1 w2ba_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls6_7 ws5_7\">26,0<span class=\"__7 _359\"></span>9<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x364_1 h6_7 y4ae_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">J\u00e4gers<span class=\"__7 _355\"></span>tra\u00dfe 41 - 10<span class=\"__7 _361\"></span>117 Berlin - Allemagne<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_7 m2_7 x364_1 h5_7 y4af_1 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">Nuxe In<span class=\"__7 _355\"></span>terna<span class=\"__7 _355\"></span>tional<span class=\"ls2_7\"> </span></td><td></td><td class=\"c_2 n_2 x365_1 y4b0_1 w290_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x37b_1 y4b0_1 w2bb_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">193<span class=\"__7 _355\"></span>.261.<span class=\"__7 _361\"></span>167<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x37c_1 y4b0_1 w6e_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">49<span class=\"__7 _355\"></span>,00<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x37d_1 y4b0_1 w2bc_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">193<span class=\"__7 _355\"></span>.261.<span class=\"__7 _361\"></span>167<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x37e_1 y4b0_1 w6e_2 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">49<span class=\"__7 _355\"></span>,00<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"t_7 m2_7 x364_1 h6_7 y4b1_1 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">12<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>, rue d\u2019<span class=\"__7 _361\"></span>Aguesseau - 92100 B<span class=\"__7 _355\"></span>oulogne-Billan<span class=\"__7 _355\"></span>court - Fr<span class=\"__7 _355\"></span>ance<span class=\"__7 _357\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws6d_4 gs125_1\">Con<span class=\"__7 _355\"></span>sid\u00e9ra<span class=\"__7 _355\"></span>nt le r<span class=\"__7 _355\"></span>espect pa<span class=\"__7 _355\"></span>r Sofina des c<span class=\"__7 _355\"></span>onditions pr<span class=\"__7 _355\"></span>\u00e9vues \u00e0 l\u2019<span class=\"__7 _358\"></span>article 70 de l<span class=\"__7 _355\"></span>a loi luxem<span class=\"__7 _355\"></span>bourgeoi<span class=\"__7 _355\"></span>se du 19 d\u00e9cembr<span class=\"__7 _355\"></span>e 2<span class=\"__7 _355\"></span>002, les s<span class=\"__7 _355\"></span>oci\u00e9t\u00e9<span class=\"__7 _355\"></span>s filiales l<span class=\"__7 _355\"></span>uxembou<span class=\"__7 _355\"></span>rgeoise<span class=\"__7 _355\"></span>s (exc<span class=\"__7 _355\"></span>ept\u00e9 So<span class=\"__7 _355\"></span>fina Priv<span class=\"__7 _355\"></span>ate E<span class=\"__7 _361\"></span>quit<span class=\"__7 _359\"></span>y </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs126_1\">SA SIC<span class=\"__7 _355\"></span>AR et So<span class=\"__7 _355\"></span>fina Global SA SI<span class=\"__7 _355\"></span>F) peuven<span class=\"__7 _355\"></span>t \u00eatre e<span class=\"__7 _355\"></span>xem<span class=\"__7 _355\"></span>pt\u00e9e<span class=\"__7 _355\"></span>s de certaines dispo<span class=\"__7 _355\"></span>sitions r<span class=\"__7 _355\"></span>elativ<span class=\"__7 _355\"></span>es \u00e0 la publicit<span class=\"__7 _355\"></span>\u00e9 de leurs c<span class=\"__7 _355\"></span>ompte<span class=\"__7 _355\"></span>s annuels s<span class=\"__7 _355\"></span>tat<span class=\"__7 _355\"></span>utaires<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-314": {
   "value": "B. ENTR<span class=\"__7 _355\"></span>EPRI<span class=\"__7 _355\"></span>SES A<span class=\"__7 _355\"></span>SSOC<span class=\"__7 _355\"></span>I\u00c9E<span class=\"__7 _355\"></span>S - \u00c0 LA JUS<span class=\"__7 _355\"></span>TE V<span class=\"__7 _355\"></span>AL<span class=\"__7 _355\"></span>EUR Ca<span class=\"__7 _355\"></span>mbridge Associa<span class=\"__7 _355\"></span>tes<span class=\"ls2_7\"> </span>Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span>2<span class=\"__7 _361\"></span>4.242<span class=\"__7 _357\"> </span>23,67<span class=\"__7 _357\"> </span>2<span class=\"__7 _355\"></span>4.2<span class=\"__7 _355\"></span>42<span class=\"__7 _357\"> </span>23,<span class=\"__7 _359\"></span>89<span class=\"__7 _357\"> </span>125<span class=\"__7 _357\"> </span>High S<span class=\"__7 _355\"></span>treet - M<span class=\"__7 _355\"></span>A 02110 Bo<span class=\"__7 _355\"></span>ston - USA<span class=\"__7 _357\"> </span>Dott HoldC<span class=\"__7 _355\"></span>o<span class=\"ls2_7\"> </span>Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span>17<span class=\"__7 _361\"></span>.3<span class=\"__7 _355\"></span>71.386<span class=\"__7 _357\"> </span>2<span class=\"__7 _355\"></span>4,98<span class=\"__7 _357\"> </span>10.<span class=\"__7 _358\"></span>143.368<span class=\"__7 _357\"> </span>2<span class=\"__7 _355\"></span>4,98<span class=\"__7 _357\"> </span>Diemen<span class=\"__7 _355\"></span>straa<span class=\"__7 _355\"></span>t 292 - 10<span class=\"__7 _355\"></span>13 CR Am<span class=\"__7 _355\"></span>ster<span class=\"__7 _355\"></span>dam - P<span class=\"__7 _361\"></span>ays-Ba<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span>Dr<span class=\"__7 _359\"></span>ylock T<span class=\"__7 _358\"></span>echnologies<span class=\"__7 _355\"></span><span class=\"ls2_7\"> </span>Sp<span class=\"__7 _355\"></span>innerijstraa<span class=\"__7 _355\"></span>t 12 - 92<span class=\"__7 _355\"></span>40 Zele - Belgi<span class=\"__7 _355\"></span>que<span class=\"ls2_7\"> </span>Direc<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span>169<span class=\"__7 _355\"></span>.7<span class=\"__7 _355\"></span>82.<span class=\"__7 _355\"></span>750<span class=\"__7 _357\"> </span>25,00<span class=\"__7 _357\"> </span>169<span class=\"__7 _355\"></span>.<span class=\"__7 _355\"></span>782.<span class=\"__7 _355\"></span>750<span class=\"__7 _357\"> </span>25,0<span class=\"__7 _359\"></span>0<span class=\"__7 _357\"> </span>Num\u00e9r<span class=\"__7 _355\"></span>o d\u2019<span class=\"__7 _361\"></span>entr<span class=\"__7 _355\"></span>eprise 04<span class=\"__7 _355\"></span>79 766 05<span class=\"__7 _361\"></span>7<span class=\"__7 _357\"> </span>Green E Origin (Gr<span class=\"__7 _355\"></span>een Energy Origin)<span class=\"__7 _355\"></span><span class=\"ls2_7\"> </span>Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span>58<span class=\"__7 _361\"></span>7<span class=\"__7 _361\"></span>.008<span class=\"__7 _357\"> </span>31,64<span class=\"__7 _357\"> </span>4<span class=\"__7 _359\"></span>0<span class=\"__7 _359\"></span>0<span class=\"__7 _359\"></span>.737<span class=\"__7 _357\"> </span>29,<span class=\"__7 _359\"></span>4<span class=\"__7 _359\"></span>4<span class=\"__7 _357\"> </span>4, rue du F<span class=\"__7 _355\"></span>ort Wa<span class=\"__7 _355\"></span>llis - L<span class=\"__7 _355\"></span>U-2<span class=\"__7 _355\"></span>714 Lux<span class=\"__7 _355\"></span>embourg<span class=\"__7 _357\"> </span>MXP P<span class=\"__7 _355\"></span>rime Pla<span class=\"__7 _355\"></span>tform (Se<span class=\"ff5_7 ws3_7\">llerX)</span><span class=\"ff3_7 ls2_7\"> </span>Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span>1.284.2<span class=\"__7 _355\"></span>09<span class=\"__7 _357\"> </span>2<span class=\"__7 _359\"></span>6,7<span class=\"__7 _356\"></span>5<span class=\"__7 _357\"> </span>1.2<span class=\"__7 _355\"></span>84.2<span class=\"__7 _355\"></span>09<span class=\"__7 _357\"> </span>26,0<span class=\"__7 _359\"></span>9<span class=\"__7 _357\"> </span>J\u00e4gers<span class=\"__7 _355\"></span>tra\u00dfe 41 - 10<span class=\"__7 _361\"></span>117 Berlin - Allemagne<span class=\"__7 _357\"> </span>Nuxe In<span class=\"__7 _355\"></span>terna<span class=\"__7 _355\"></span>tional<span class=\"ls2_7\"> </span>Indir<span class=\"__7 _355\"></span>ect<span class=\"__7 _357\"> </span>193<span class=\"__7 _355\"></span>.261.<span class=\"__7 _361\"></span>167<span class=\"__7 _357\"> </span>49<span class=\"__7 _355\"></span>,00<span class=\"__7 _357\"> </span>193<span class=\"__7 _355\"></span>.261.<span class=\"__7 _361\"></span>167<span class=\"__7 _357\"> </span>49<span class=\"__7 _355\"></span>,00<span class=\"__7 _357\"> </span>12<span class=\"__7 _355\"></span>7<span class=\"__7 _361\"></span>, rue d\u2019<span class=\"__7 _361\"></span>Aguesseau - 92100 B<span class=\"__7 _355\"></span>oulogne-Billan<span class=\"__7 _355\"></span>court - Fr<span class=\"__7 _355\"></span>ance<span class=\"__7 _357\"> </span>Ba<span class=\"__7 _355\"></span>ses d\u2019<span class=\"__7 _358\"></span>\u00e9va<span class=\"__7 _355\"></span>lua<span class=\"__7 _355\"></span>tion<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es \u00e9ta<span class=\"__7 _355\"></span>ts fina<span class=\"__7 _355\"></span>nciers con<span class=\"__7 _355\"></span>solid\u00e9s I<span class=\"__7 _355\"></span>FR<span class=\"__7 _355\"></span>S sont pr<span class=\"__7 _355\"></span>\u00e9par<span class=\"__7 _355\"></span>\u00e9s sur la ba<span class=\"__7 _355\"></span>se de la j<span class=\"__7 _355\"></span>uste v<span class=\"__7 _355\"></span>aleur pa<span class=\"__7 _355\"></span>r le biais du r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>t net sauf le<span class=\"__7 _355\"></span>s cr\u00e9a<span class=\"__7 _355\"></span>nces e<span class=\"__7 _355\"></span>t dettes c<span class=\"__7 _355\"></span>ommercia<span class=\"__7 _355\"></span>les et soci<span class=\"__7 _355\"></span>ales qui son<span class=\"__7 _355\"></span>t valori<span class=\"__7 _355\"></span>s\u00e9es au<span class=\"__7 _355\"></span> co\u00fbt a<span class=\"__7 _355\"></span>morti.<span class=\"__7 _357\"> </span>Afin de re<span class=\"__7 _355\"></span>fl\u00e9ter l\u2019importa<span class=\"__7 _355\"></span>nce des donn\u00e9e<span class=\"__7 _355\"></span>s utilis\u00e9es lor<span class=\"__7 _355\"></span>s des \u00e9v<span class=\"__7 _355\"></span>alua<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur<span class=\"__7 _361\"></span>, le gro<span class=\"__7 _355\"></span>upe classe ce<span class=\"__7 _355\"></span>s \u00e9val<span class=\"__7 _355\"></span>uation<span class=\"__7 _355\"></span>s selon une hi\u00e9ra<span class=\"__7 _355\"></span>rchie qui se compo<span class=\"__7 _355\"></span>se des niveaux suiva<span class=\"__7 _355\"></span>nts<span class=\"__7 gs8_2\"> </span>:<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _359\"></span>Niveau <span class=\"__7 _355\"></span>1<span class=\"__7 gs8_2\"> </span><span class=\"__7 _355\"></span>:<span class=\"ff3_7 wsa7_1\"> des prix (non aj<span class=\"__7 _355\"></span>ust\u00e9<span class=\"__7 _355\"></span>s) cot<span class=\"__7 _355\"></span>\u00e9s sur des ma<span class=\"__7 _355\"></span>rch<span class=\"__7 _355\"></span>\u00e9s actifs pou<span class=\"__7 _355\"></span>r des actifs ou de<span class=\"__7 _355\"></span>s passifs </span>iden<span class=\"__7 _355\"></span>tiques<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _359\"></span>Niveau <span class=\"__7 _359\"></span>2<span class=\"__7 gs8_2\"> </span><span class=\"__7 _356\"></span>: <span class=\"__7 _356\"></span><span class=\"ff3_7 ws6f_4\">des donn\u00e9es a<span class=\"__7 _355\"></span>utres que le<span class=\"__7 _355\"></span>s prix cot<span class=\"__7 _355\"></span>\u00e9s vis\u00e9s a<span class=\"__7 _355\"></span>u niveau 1, qui son<span class=\"__7 _361\"></span>t obser<span class=\"__7 _359\"></span>vable<span class=\"__7 _355\"></span>s </span>pour l\u2019<span class=\"__7 _361\"></span>actif ou le pa<span class=\"__7 _355\"></span>ssif concern<span class=\"__7 _355\"></span>\u00e9, soit dir<span class=\"__7 _355\"></span>ectemen<span class=\"__7 _355\"></span>t (\u00e0 sav<span class=\"__7 _355\"></span>oir des prix) ou in<span class=\"__7 _355\"></span>direct<span class=\"__7 _355\"></span>ement (\u00e0<span class=\"__7 _355\"></span> sav<span class=\"__7 _355\"></span>oir des donn\u00e9es d\u00e9riv\u00e9<span class=\"__7 _355\"></span>es de prix)<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _359\"></span>Niveau <span class=\"__7 _361\"></span>3<span class=\"__7 gs8_2\"> </span><span class=\"__7 _355\"></span>: <span class=\"__7 _355\"></span><span class=\"ff3_7 ws25_7\">des donn\u00e9es r<span class=\"__7 _355\"></span>elativ<span class=\"__7 _355\"></span>es \u00e0 l\u2019<span class=\"__7 _361\"></span>actif ou au pa<span class=\"__7 _355\"></span>ssif qui ne sont p<span class=\"__7 _355\"></span>as bas\u00e9e<span class=\"__7 _355\"></span>s sur des donn\u00e9e<span class=\"__7 _355\"></span>s </span>observable<span class=\"__7 _355\"></span>s de mar<span class=\"__7 _355\"></span>ch\u00e9 (donn\u00e9e<span class=\"__7 _355\"></span>s non observables).<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-316": {
   "value": "3.22 R<span class=\"__7 _355\"></span>\u00c9S<span class=\"__7 _355\"></span>UM\u00c9 DE<span class=\"__7 _361\"></span>S M\u00c9THOD<span class=\"__7 _355\"></span>ES C<span class=\"__7 _355\"></span>OMPT<span class=\"__7 _c7\"></span>AB<span class=\"__7 _355\"></span>LE<span class=\"__7 _361\"></span>S SIGN<span class=\"__7 _355\"></span>IFIC<span class=\"__7 _355\"></span>A<span class=\"__7 _c7\"></span>TIVE<span class=\"__7 _355\"></span>S<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es nouv<span class=\"__7 _355\"></span>elles normes et in<span class=\"__7 _355\"></span>terpr\u00e9<span class=\"__7 _355\"></span>tation<span class=\"__7 _355\"></span>s suivan<span class=\"__7 _355\"></span>tes son<span class=\"__7 _355\"></span>t entr<span class=\"__7 _355\"></span>\u00e9es en vigueur en 20<span class=\"__7 _355\"></span>25<span class=\"__7 gs8_2\"> </span>:<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _364\"></span>Amendemen<span class=\"__7 _355\"></span>ts \u00e0 l\u2019I<span class=\"__7 _355\"></span>AS 21 - Effet<span class=\"__7 _355\"></span>s des va<span class=\"__7 _355\"></span>riation<span class=\"__7 _355\"></span>s des co<span class=\"__7 _355\"></span>urs des monn<span class=\"__7 _355\"></span>aies \u00e9tr<span class=\"__7 _355\"></span>ang\u00e8r<span class=\"__7 _355\"></span>es : M<span class=\"__7 _355\"></span>anque d\u2019<span class=\"__7 _358\"></span>\u00e9chan<span class=\"__7 _355\"></span>geabilit\u00e9 (a<span class=\"__7 _355\"></span>pplicables po<span class=\"__7 _355\"></span>ur les p\u00e9riodes a<span class=\"__7 _355\"></span>nnuelles ouv<span class=\"__7 _355\"></span>ertes \u00e0 comp<span class=\"__7 _355\"></span>ter du 1<span class=\"__7 _357\"> </span>er janvie<span class=\"__7 _359\"></span>r 2<span class=\"__7 _355\"></span>025)<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _355\"></span>applica<span class=\"__7 _355\"></span>tion de ce<span class=\"__7 _355\"></span>s normes et in<span class=\"__7 _355\"></span>terpr<span class=\"__7 _355\"></span>\u00e9ta<span class=\"__7 _355\"></span>tions n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _355\"></span>a cependa<span class=\"__7 _355\"></span>nt pa<span class=\"__7 _355\"></span>s d\u2019impact signific<span class=\"__7 _355\"></span>atif sur les<span class=\"__7 _355\"></span> comp<span class=\"__7 _355\"></span>tes de So<span class=\"__7 _355\"></span>fina.<span class=\"__7 _357\"> </span>Sofina n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _355\"></span>a pas a<span class=\"__7 _355\"></span>nticip\u00e9 l\u2019<span class=\"__7 _361\"></span>applica<span class=\"__7 _355\"></span>tion des n<span class=\"__7 _355\"></span>ormes et in<span class=\"__7 _355\"></span>terpr<span class=\"__7 _355\"></span>\u00e9tati<span class=\"__7 _355\"></span>ons nouv<span class=\"__7 _355\"></span>elles et a<span class=\"__7 _355\"></span>mend\u00e9es n<span class=\"__7 _355\"></span>on encor<span class=\"__7 _355\"></span>e applica<span class=\"__7 _355\"></span>bles pour la p\u00e9ri<span class=\"__7 _355\"></span>ode annuelle ouv<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>te \u00e0 com<span class=\"__7 _355\"></span>pter d<span class=\"__7 _355\"></span>u 1<span class=\"__7 _357\"> </span>er janvier 2<span class=\"__7 _355\"></span>02<span class=\"__7 _355\"></span>5<span class=\"__7 gs8_2\"> </span>:<span class=\"__7 _357\"> </span>\u2022  IFR<span class=\"__7 _355\"></span>S 18 - Pr<span class=\"__7 _355\"></span>\u00e9sen<span class=\"__7 _355\"></span>tati<span class=\"__7 _355\"></span>on et inf<span class=\"__7 _355\"></span>ormati<span class=\"__7 _355\"></span>ons \u00e0 fo<span class=\"__7 _355\"></span>urnir dan<span class=\"__7 _355\"></span>s les \u00e9ta<span class=\"__7 _355\"></span>ts finan<span class=\"__7 _355\"></span>ciers (applic<span class=\"__7 _355\"></span>able pour les p\u00e9riode<span class=\"__7 _355\"></span>s annuelles o<span class=\"__7 _355\"></span>uvertes \u00e0 com<span class=\"__7 _355\"></span>pter d<span class=\"__7 _355\"></span>u 1<span class=\"__7 _357\"> </span>er janvi<span class=\"__7 _355\"></span>er 20<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>7 mais non enc<span class=\"__7 _355\"></span>ore adop<span class=\"__7 _355\"></span>t\u00e9e au nivea<span class=\"__7 _355\"></span>u <span class=\"__7 _359\"></span>eur<span class=\"__7 _355\"></span>op\u00e9en) ; \u2022 <span class=\"__7 _355\"></span>IFR<span class=\"__7 _355\"></span>S 19 - Filiales n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _355\"></span>ay<span class=\"__7 _355\"></span>ant p<span class=\"__7 _355\"></span>as d\u2019<span class=\"__7 _358\"></span>obli<span class=\"__7 _359\"></span>ga<span class=\"__7 _355\"></span>tion d\u2019inf<span class=\"__7 _355\"></span>ormation d<span class=\"__7 _355\"></span>u public : Inf<span class=\"__7 _355\"></span>ormati<span class=\"__7 _355\"></span>ons \u00e0 fo<span class=\"__7 _355\"></span>urnir (applica<span class=\"__7 _355\"></span>ble pour les p\u00e9riode<span class=\"__7 _355\"></span>s annuelle<span class=\"__7 _355\"></span>s ouvertes \u00e0 c<span class=\"__7 _355\"></span>ompter d<span class=\"__7 _355\"></span>u 1<span class=\"__7 _357\"> </span>er janvi<span class=\"__7 _355\"></span>er 20<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>7 mais non encor<span class=\"__7 _355\"></span>e adopt\u00e9e au niv<span class=\"__7 _355\"></span>eau europ\u00e9<span class=\"__7 _355\"></span>en) <span class=\"__7 _359\"></span>; \u2022 Am<span class=\"__7 _355\"></span>endemen<span class=\"__7 _355\"></span>ts \u00e0 IFR<span class=\"__7 _355\"></span>S 9 et IF<span class=\"__7 _355\"></span>R<span class=\"__7 _355\"></span>S 7 - Classemen<span class=\"__7 _355\"></span>t et \u00e9v<span class=\"__7 _355\"></span>alua<span class=\"__7 _355\"></span>tion des in<span class=\"__7 _355\"></span>strumen<span class=\"__7 _355\"></span>ts finan<span class=\"__7 _355\"></span>ciers (applica<span class=\"__7 _355\"></span>bles pour le<span class=\"__7 _355\"></span>s p\u00e9riodes ann<span class=\"__7 _355\"></span>uelles ouverte<span class=\"__7 _355\"></span>s \u00e0 compt<span class=\"__7 _355\"></span>er du 1<span class=\"__7 _357\"> </span>er janvi<span class=\"__7 _355\"></span>er 20<span class=\"__7 _355\"></span>26<span class=\"__7 _355\"></span>, mais non encor<span class=\"__7 _355\"></span>e adopt\u00e9<span class=\"__7 _355\"></span>s au niveau eur<span class=\"__7 _355\"></span>op\u00e9en) ; \u2022 Am<span class=\"__7 _355\"></span>\u00e9liora<span class=\"__7 _355\"></span>tions a<span class=\"__7 _355\"></span>nnuelles \u2013 V<span class=\"__7 _361\"></span>olume 11 (applica<span class=\"__7 _355\"></span>bles pour les p\u00e9ri<span class=\"__7 _355\"></span>odes annuelles o<span class=\"__7 _355\"></span>uvertes \u00e0 comp<span class=\"__7 _355\"></span>ter du 1<span class=\"__7 _357\"> </span>er janvi<span class=\"__7 _355\"></span>er 20<span class=\"__7 _355\"></span>26<span class=\"__7 _355\"></span>, mais non enc<span class=\"__7 _355\"></span>ore adop<span class=\"__7 _355\"></span>t\u00e9s au niv<span class=\"__7 _355\"></span>eau eur<span class=\"__7 _355\"></span>op\u00e9en) ; et<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _356\"></span>Amendem<span class=\"__7 _355\"></span>ents \u00e0 I<span class=\"__7 _355\"></span>FR<span class=\"__7 _355\"></span>S 9 et IFR<span class=\"__7 _361\"></span>S 7 - Contr<span class=\"__7 _355\"></span>ats f<span class=\"__7 _355\"></span>aisan<span class=\"__7 _355\"></span>t r\u00e9f<span class=\"__7 _355\"></span>\u00e9renc<span class=\"__7 _355\"></span>e \u00e0 l\u2019<span class=\"__7 _361\"></span>\u00e9lectricit<span class=\"__7 _355\"></span>\u00e9 d\u00e9pendan<span class=\"__7 _355\"></span>te de<span class=\"__7 _355\"></span> la na<span class=\"__7 _355\"></span>tur<span class=\"__7 _355\"></span>e (applicable<span class=\"__7 _355\"></span>s pour les p\u00e9riode<span class=\"__7 _355\"></span>s annuelles o<span class=\"__7 _355\"></span>uvertes \u00e0 com<span class=\"__7 _355\"></span>pter d<span class=\"__7 _355\"></span>u 1<span class=\"__7 _357\"> </span>er janvi<span class=\"__7 _355\"></span>er 20<span class=\"__7 _355\"></span>26<span class=\"__7 _355\"></span>, mais non enc<span class=\"__7 _355\"></span>ore adopt<span class=\"__7 _355\"></span>\u00e9s au niveau eur<span class=\"__7 _355\"></span>op\u00e9en);<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _364\"></span>Amendem<span class=\"__7 _355\"></span>ents \u00e0 IA<span class=\"__7 _355\"></span>S 21 - Effet<span class=\"__7 _355\"></span>s des vari<span class=\"__7 _355\"></span>ation<span class=\"__7 _355\"></span>s des cour<span class=\"__7 _355\"></span>s des monnai<span class=\"__7 _355\"></span>es \u00e9tr<span class=\"__7 _355\"></span>ang\u00e8r<span class=\"__7 _355\"></span>es : Conv<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span><span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>sion en monn<span class=\"__7 _355\"></span>aie de pr\u00e9<span class=\"__7 _355\"></span>senta<span class=\"__7 _355\"></span>tion hy<span class=\"__7 _355\"></span>perinfla<span class=\"__7 _355\"></span>tionnist<span class=\"__7 _355\"></span>e (applica<span class=\"__7 _355\"></span>ble pour les p\u00e9riode<span class=\"__7 _355\"></span>s annuelles<span class=\"__7 _355\"></span> ouverte<span class=\"__7 _355\"></span>s \u00e0 comp<span class=\"__7 _355\"></span>ter du 1<span class=\"__7 _357\"> </span>er janvi<span class=\"__7 _355\"></span>er 20<span class=\"__7 _355\"></span>2<span class=\"__7 _355\"></span>7 mais non enc<span class=\"__7 _355\"></span>ore adop<span class=\"__7 _355\"></span>t\u00e9s au niv<span class=\"__7 _355\"></span>eau eur<span class=\"__7 _355\"></span>op\u00e9en).<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _355\"></span>applica<span class=\"__7 _355\"></span>tion fut<span class=\"__7 _355\"></span>ure de ce<span class=\"__7 _355\"></span>s nouvelle<span class=\"__7 _355\"></span>s normes et in<span class=\"__7 _355\"></span>terpr<span class=\"__7 _355\"></span>\u00e9ta<span class=\"__7 _355\"></span>tions ne de<span class=\"__7 _355\"></span>vrait pa<span class=\"__7 _355\"></span>s avo<span class=\"__7 _355\"></span>ir d\u2019impact<span class=\"ls2_7 ws0_7\"> </span>significa<span class=\"__7 _355\"></span>tif sur les \u00e9ta<span class=\"__7 _355\"></span>ts fina<span class=\"__7 _355\"></span>nciers c<span class=\"__7 _355\"></span>onsolid\u00e9<span class=\"__7 _355\"></span>s.<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-317": {
   "value": "<div class=\"t_7 m4_7 h2_7 ff2_7 fs1_7 fc3_7 sc0_7 ls2_7 ws0_7 gs128_1\">Ba<span class=\"__7 _355\"></span>ses d\u2019<span class=\"__7 _358\"></span>\u00e9va<span class=\"__7 _355\"></span>lua<span class=\"__7 _355\"></span>tion<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsa5_1 gs129_1\">L<span class=\"__7 _355\"></span>es \u00e9ta<span class=\"__7 _355\"></span>ts fina<span class=\"__7 _355\"></span>nciers con<span class=\"__7 _355\"></span>solid\u00e9s I<span class=\"__7 _355\"></span>FR<span class=\"__7 _355\"></span>S sont pr<span class=\"__7 _355\"></span>\u00e9par<span class=\"__7 _355\"></span>\u00e9s sur la ba<span class=\"__7 _355\"></span>se de la j<span class=\"__7 _355\"></span>uste v<span class=\"__7 _355\"></span>aleur pa<span class=\"__7 _355\"></span>r le biais </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws9e_1 gs12a_1\">du r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>t net sauf le<span class=\"__7 _355\"></span>s cr\u00e9a<span class=\"__7 _355\"></span>nces e<span class=\"__7 _355\"></span>t dettes c<span class=\"__7 _355\"></span>ommercia<span class=\"__7 _355\"></span>les et soci<span class=\"__7 _355\"></span>ales qui son<span class=\"__7 _355\"></span>t valori<span class=\"__7 _355\"></span>s\u00e9es au<span class=\"__7 _355\"></span> </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs12b_1\">co\u00fbt a<span class=\"__7 _355\"></span>morti.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsa6_1 gs12c_1\">Afin de re<span class=\"__7 _355\"></span>fl\u00e9ter l\u2019importa<span class=\"__7 _355\"></span>nce des donn\u00e9e<span class=\"__7 _355\"></span>s utilis\u00e9es lor<span class=\"__7 _355\"></span>s des \u00e9v<span class=\"__7 _355\"></span>alua<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur<span class=\"__7 _361\"></span>, le </div><div class=\"t_7 m1_7 h8_7 ff4_7 fs5_7 fc0_7 sc0_7 ls9_7 ws2c_7 gs12d_1\">gro<span class=\"__7 _355\"></span>upe classe ce<span class=\"__7 _355\"></span>s \u00e9val<span class=\"__7 _355\"></span>uation<span class=\"__7 _355\"></span>s selon une hi\u00e9ra<span class=\"__7 _355\"></span>rchie qui se compo<span class=\"__7 _355\"></span>se des niveaux suiva<span class=\"__7 _355\"></span>nts<span class=\"__7 gs8_2\"> </span>:<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h9_7 ff8_5 fs5_7 fc0_7 sc0_7 ls9_7 ws2c_7 gs12e_1\">\u2022 <span class=\"__7 _359\"></span>Niveau <span class=\"__7 _355\"></span>1<span class=\"__7 gs8_2\"> </span><span class=\"__7 _355\"></span>:<span class=\"ff3_7 wsa7_1\"> des prix (non aj<span class=\"__7 _355\"></span>ust\u00e9<span class=\"__7 _355\"></span>s) cot<span class=\"__7 _355\"></span>\u00e9s sur des ma<span class=\"__7 _355\"></span>rch<span class=\"__7 _355\"></span>\u00e9s actifs pou<span class=\"__7 _355\"></span>r des actifs ou de<span class=\"__7 _355\"></span>s passifs </span></div><div class=\"t_7 m1_7 h8_7 ff4_7 fs5_7 fc0_7 sc0_7 ls9_7 ws2c_7 gs12f_1\">iden<span class=\"__7 _355\"></span>tiques<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h9_7 ff8_5 fs5_7 fc0_7 sc0_7 ls9_7 ws2c_7 gs130_1\">\u2022 <span class=\"__7 _359\"></span>Niveau <span class=\"__7 _359\"></span>2<span class=\"__7 gs8_2\"> </span><span class=\"__7 _356\"></span>: <span class=\"__7 _356\"></span><span class=\"ff3_7 ws6f_4\">des donn\u00e9es a<span class=\"__7 _355\"></span>utres que le<span class=\"__7 _355\"></span>s prix cot<span class=\"__7 _355\"></span>\u00e9s vis\u00e9s a<span class=\"__7 _355\"></span>u niveau 1, qui son<span class=\"__7 _361\"></span>t obser<span class=\"__7 _359\"></span>vable<span class=\"__7 _355\"></span>s </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsa0_1 gs131_1\">pour l\u2019<span class=\"__7 _361\"></span>actif ou le pa<span class=\"__7 _355\"></span>ssif concern<span class=\"__7 _355\"></span>\u00e9, soit dir<span class=\"__7 _355\"></span>ectemen<span class=\"__7 _355\"></span>t (\u00e0 sav<span class=\"__7 _355\"></span>oir des prix) ou in<span class=\"__7 _355\"></span>direct<span class=\"__7 _355\"></span>ement (\u00e0<span class=\"__7 _355\"></span> </div><div class=\"t_7 m1_7 h8_7 ff4_7 fs5_7 fc0_7 sc0_7 ls9_7 ws2c_7 gs132_1\">sav<span class=\"__7 _355\"></span>oir des donn\u00e9es d\u00e9riv\u00e9<span class=\"__7 _355\"></span>es de prix)<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span></div><div class=\"t_7 m3c_1 h9_7 ff8_5 fs5_7 fc0_7 sc0_7 lsa_7 ws9_7 gs133_1\">\u2022 <span class=\"__7 _359\"></span>Niveau <span class=\"__7 _361\"></span>3<span class=\"__7 gs8_2\"> </span><span class=\"__7 _355\"></span>: <span class=\"__7 _355\"></span><span class=\"ff3_7 ws25_7\">des donn\u00e9es r<span class=\"__7 _355\"></span>elativ<span class=\"__7 _355\"></span>es \u00e0 l\u2019<span class=\"__7 _361\"></span>actif ou au pa<span class=\"__7 _355\"></span>ssif qui ne sont p<span class=\"__7 _355\"></span>as bas\u00e9e<span class=\"__7 _355\"></span>s sur des donn\u00e9e<span class=\"__7 _355\"></span>s </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs134_1\">observable<span class=\"__7 _355\"></span>s de mar<span class=\"__7 _355\"></span>ch\u00e9 (donn\u00e9e<span class=\"__7 _355\"></span>s non observables).<span class=\"__7 _357\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-318": {
   "value": "<div class=\"t_7 m4_7 h2_7 ff2_7 fs1_7 fc3_7 sc0_7 ls2_7 ws0_7 gs136_1\">Prin<span class=\"__7 _355\"></span>cipes de con<span class=\"__7 _355\"></span>solidation<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsa8_1 gs137_1\">Con<span class=\"__7 _355\"></span>form\u00e9m<span class=\"__7 _355\"></span>ent \u00e0 son st<span class=\"__7 _355\"></span>atut d\u2019<span class=\"__7 _355\"></span>En<span class=\"__7 _355\"></span>tit\u00e9 d\u2019Inv<span class=\"__7 _355\"></span>estis<span class=\"__7 _355\"></span>sement, So<span class=\"__7 _355\"></span>fina ne con<span class=\"__7 _355\"></span>solide pas se<span class=\"__7 _355\"></span>s filiale<span class=\"__7 _355\"></span>s et </div><div class=\"t_7 m1_7 h8_7 ff4_7 fs5_7 fc0_7 sc0_7 ls9_7 ws2c_7 gs138_1\">n\u2019<span class=\"__7 _361\"></span>applique pa<span class=\"__7 _355\"></span>s <span class=\"__7 _359\"></span>la norme IF<span class=\"__7 _355\"></span>RS<span class=\"__7 gs8_2\"> </span>3 lor<span class=\"__7 _355\"></span>squ\u2019<span class=\"__7 _358\"></span>elle <span class=\"__7 _359\"></span>acqui<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>t le contr<span class=\"__7 _355\"></span>\u00f4le d\u2019une autre en<span class=\"__7 _355\"></span>tit\u00e9.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsa0_1 gs139_1\">Il exis<span class=\"__7 _355\"></span>te une e<span class=\"__7 _355\"></span>xcep<span class=\"__7 _355\"></span>tion \u00e0 ce tr<span class=\"__7 _355\"></span>aitemen<span class=\"__7 _355\"></span>t pour les filia<span class=\"__7 _355\"></span>les ne f<span class=\"__7 _355\"></span>ournissan<span class=\"__7 _355\"></span>t que des service<span class=\"__7 _355\"></span>s li\u00e9s </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsa9_1 gs13a_1\">aux activit<span class=\"__7 _355\"></span>\u00e9s d\u2019inve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t de Sofina. C<span class=\"__7 _355\"></span>es filia<span class=\"__7 _355\"></span>les sont c<span class=\"__7 _355\"></span>onsolid\u00e9e<span class=\"__7 _355\"></span>s par in<span class=\"__7 _355\"></span>t\u00e9gra<span class=\"__7 _355\"></span>tion globale<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws39_5 gs13b_1\">L<span class=\"__7 _355\"></span>es participa<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s dan<span class=\"__7 _355\"></span>s les autr<span class=\"__7 _355\"></span>es filiale<span class=\"__7 _355\"></span>s, qui ne f<span class=\"__7 _355\"></span>ournissen<span class=\"__7 _355\"></span>t pas e<span class=\"__7 _355\"></span>xclu<span class=\"__7 _355\"></span>sivemen<span class=\"__7 _355\"></span>t des services </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws41_5 gs13c_1\">li\u00e9s a<span class=\"__7 _355\"></span>ux activit\u00e9<span class=\"__7 _355\"></span>s d\u2019investi<span class=\"__7 _355\"></span>ssement de So<span class=\"__7 _355\"></span>fina, son<span class=\"__7 _355\"></span>t \u00e9galemen<span class=\"__7 _355\"></span>t \u00e9va<span class=\"__7 _355\"></span>lu\u00e9es \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r par le </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs13d_1\">biai<span class=\"__7 _355\"></span>s du r\u00e9sult<span class=\"__7 _355\"></span>at net c<span class=\"__7 _355\"></span>onf<span class=\"__7 _355\"></span>orm\u00e9men<span class=\"__7 _355\"></span>t \u00e0 la norme IF<span class=\"__7 _355\"></span>RS 9<span class=\"__7 _361\"></span>.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws2b_7 gs13e_1\">L<span class=\"__7 _355\"></span>es participa<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s dan<span class=\"__7 _355\"></span>s lesquelles Sofin<span class=\"__7 _355\"></span>a ex<span class=\"__7 _355\"></span>erce un<span class=\"__7 _355\"></span>e influenc<span class=\"__7 _355\"></span>e nota<span class=\"__7 _355\"></span>ble sont \u00e9ga<span class=\"__7 _355\"></span>lement, en </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws67_4 gs13f_1\">applica<span class=\"__7 _355\"></span>tion des di<span class=\"__7 _355\"></span>spositions de l<span class=\"__7 _355\"></span>a norme IAS 2<span class=\"__7 _355\"></span>8, \u00a718, \u00e9v<span class=\"__7 _355\"></span>alu\u00e9e<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur par le bi<span class=\"__7 _355\"></span>ais du </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs140_1\">r\u00e9<span class=\"__7 _355\"></span>sultat ne<span class=\"__7 _355\"></span>t conf<span class=\"__7 _355\"></span>orm\u00e9men<span class=\"__7 _355\"></span>t \u00e0 la norme I<span class=\"__7 _355\"></span>FR<span class=\"__7 _355\"></span>S 9.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws7f_1 gs141_1\">La list<span class=\"__7 _355\"></span>e des filiale<span class=\"__7 _355\"></span>s et entr<span class=\"__7 _355\"></span>eprise<span class=\"__7 _355\"></span>s associ\u00e9e<span class=\"__7 _355\"></span>s est pr<span class=\"__7 _355\"></span>\u00e9sen<span class=\"__7 _355\"></span>t\u00e9e ci-dessu<span class=\"__7 _355\"></span>s sous le poin<span class=\"__7 _361\"></span>t <span class=\"__7 _359\"></span>3<span class=\"__7 _355\"></span>.21. Ce<span class=\"__7 _355\"></span>tte </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws41_5 gs142_1\">list<span class=\"__7 _355\"></span>e ne repr<span class=\"__7 _355\"></span>end pa<span class=\"__7 _355\"></span>s les soci\u00e9t<span class=\"__7 _355\"></span>\u00e9s dan<span class=\"__7 _355\"></span>s lesquelle<span class=\"__7 _355\"></span>s Sofina d\u00e9ti<span class=\"__7 _355\"></span>ent plu<span class=\"__7 _355\"></span>s de 20% d<span class=\"__7 _355\"></span>u capital sa<span class=\"__7 _355\"></span>ns </div><div class=\"t_7 m3d_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls25_7 ws3b_5 gs143_1\">ex<span class=\"__7 _355\"></span>ercer u<span class=\"__7 _355\"></span>ne influen<span class=\"__7 _355\"></span>ce not<span class=\"__7 _355\"></span>able sur celles-ci, p<span class=\"__7 _355\"></span>arc<span class=\"__7 _355\"></span>e que, par e<span class=\"__7 _355\"></span>xemple<span class=\"__7 _355\"></span>, elle n\u2019<span class=\"__7 _361\"></span>a ni mand<span class=\"__7 _355\"></span>at de </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsaa_1 gs144_1\">re<span class=\"__7 _355\"></span>pr\u00e9sen<span class=\"__7 _355\"></span>ta<span class=\"__7 _355\"></span>tion au con<span class=\"__7 _355\"></span>seil d\u2019<span class=\"__7 _355\"></span>adminis<span class=\"__7 _355\"></span>trati<span class=\"__7 _355\"></span>on de ces soci\u00e9<span class=\"__7 _355\"></span>t\u00e9s ni ne di<span class=\"__7 _355\"></span>spose de dr<span class=\"__7 _355\"></span>oits de v\u00e9t<span class=\"__7 _355\"></span>o </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws3a_5 gs145_1\">(autr<span class=\"__7 _355\"></span>es que les dr<span class=\"__7 _355\"></span>oits de pr<span class=\"__7 _355\"></span>ote<span class=\"__7 _355\"></span>ction usuels<span class=\"__7 _355\"></span>, visan<span class=\"__7 _355\"></span>t nota<span class=\"__7 _355\"></span>mment de<span class=\"__7 _355\"></span>s r\u00e9orga<span class=\"__7 _355\"></span>nisati<span class=\"__7 _355\"></span>ons, a<span class=\"__7 _355\"></span>ugmen<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs146_1\">ta<span class=\"__7 _355\"></span>tions de ca<span class=\"__7 _355\"></span>pital, et<span class=\"__7 _355\"></span>c.).<span class=\"__7 _357\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-319": {
   "value": "<div class=\"t_7 m4_7 h2_7 ff2_7 fs1_7 fc3_7 sc0_7 ls2_7 ws0_7 gs148_1\">T<span class=\"__7 _358\"></span>ra<span class=\"__7 _355\"></span>nsaction<span class=\"__7 _355\"></span>s en monnaie<span class=\"__7 _355\"></span>s \u00e9tra<span class=\"__7 _355\"></span>ng\u00e8re<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsa1_1 gs149_1\">L<span class=\"__7 _355\"></span>es tr<span class=\"__7 _355\"></span>ansac<span class=\"__7 _355\"></span>tions en monn<span class=\"__7 _355\"></span>aies \u00e9tr<span class=\"__7 _355\"></span>ang\u00e8r<span class=\"__7 _355\"></span>es son<span class=\"__7 _355\"></span>t compt<span class=\"__7 _355\"></span>abilis\u00e9<span class=\"__7 _355\"></span>es au taux de c<span class=\"__7 _355\"></span>hange en vigue<span class=\"__7 _355\"></span>ur </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs14a_1\">\u00e0 la da<span class=\"__7 _355\"></span>te de tra<span class=\"__7 _355\"></span>nsac<span class=\"__7 _355\"></span>tion.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws42_5 gs14b_1\">L<span class=\"__7 _355\"></span>\u2019impact d<span class=\"__7 _355\"></span>u chan<span class=\"__7 _355\"></span>ge est comp<span class=\"__7 _355\"></span>tabili<span class=\"__7 _355\"></span>s\u00e9 dan<span class=\"__7 _355\"></span>s le compt<span class=\"__7 _355\"></span>e de r\u00e9sult<span class=\"__7 _355\"></span>ats pa<span class=\"__7 _355\"></span>rmi les \u00ab Autr<span class=\"__7 _355\"></span>es r\u00e9<span class=\"__7 _355\"></span>sultats<span class=\"__7 _355\"></span> </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs14c_1\">finan<span class=\"__7 _355\"></span>ciers \u00bb.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsa2_1 gs14d_1\">L<span class=\"__7 _355\"></span>es actifs e<span class=\"__7 _355\"></span>t passifs mon<span class=\"__7 _355\"></span>\u00e9taire<span class=\"__7 _355\"></span>s libell\u00e9s en monnai<span class=\"__7 _355\"></span>es \u00e9tr<span class=\"__7 _355\"></span>ang\u00e8r<span class=\"__7 _355\"></span>es sont c<span class=\"__7 _355\"></span>onvertis aux taux de<span class=\"__7 _355\"></span> </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws17_7 gs14e_1\">cl\u00f4t<span class=\"__7 _355\"></span>ure<span class=\"__7 _355\"></span>. Le<span class=\"__7 _355\"></span>s diff\u00e9ren<span class=\"__7 _355\"></span>ces de cha<span class=\"__7 _355\"></span>nge qui r\u00e9<span class=\"__7 _355\"></span>sulten<span class=\"__7 _355\"></span>t de ces tra<span class=\"__7 _355\"></span>nsac<span class=\"__7 _355\"></span>tions, ain<span class=\"__7 _355\"></span>si que les \u00e9ca<span class=\"__7 _355\"></span>rts de </div><div class=\"t_7 m3e_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls25_7 ws3b_5 gs14f_1\">conver<span class=\"__7 _355\"></span>sion qui r<span class=\"__7 _355\"></span>\u00e9sulten<span class=\"__7 _355\"></span>t de la conver<span class=\"__7 _355\"></span>sion des actifs e<span class=\"__7 _355\"></span>t des passifs m<span class=\"__7 _355\"></span>on\u00e9tair<span class=\"__7 _355\"></span>es libell\u00e9s en </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsab_1 gs150_1\">monnai<span class=\"__7 _355\"></span>es \u00e9tra<span class=\"__7 _355\"></span>ng\u00e8r<span class=\"__7 _355\"></span>es, son<span class=\"__7 _355\"></span>t compt<span class=\"__7 _355\"></span>abilis\u00e9<span class=\"__7 _355\"></span>s au comp<span class=\"__7 _355\"></span>te de r\u00e9<span class=\"__7 _355\"></span>sultats<span class=\"__7 _355\"></span>. L<span class=\"__7 _355\"></span>es actifs et p<span class=\"__7 _355\"></span>assifs non </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsac_1 gs151_1\">mon\u00e9<span class=\"__7 _355\"></span>taires libell\u00e9<span class=\"__7 _355\"></span>s en monnaie<span class=\"__7 _355\"></span>s \u00e9tran<span class=\"__7 _355\"></span>g\u00e8re<span class=\"__7 _355\"></span>s sont conv<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>tis au t<span class=\"__7 _355\"></span>aux de chan<span class=\"__7 _355\"></span>ge en vigueur \u00e0 </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs152_1\">la da<span class=\"__7 _355\"></span>te de tra<span class=\"__7 _355\"></span>nsac<span class=\"__7 _355\"></span>tion.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m3f_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls25_7 ws2d_7 gs153_1\">La conver<span class=\"__7 _355\"></span>sion en eur<span class=\"__7 _355\"></span>o des \u00e9ta<span class=\"__7 _355\"></span>ts finan<span class=\"__7 _355\"></span>ciers des en<span class=\"__7 _355\"></span>trepri<span class=\"__7 _355\"></span>ses \u00e9tr<span class=\"__7 _355\"></span>ang\u00e8r<span class=\"__7 _355\"></span>es compri<span class=\"__7 _355\"></span>ses dan<span class=\"__7 _355\"></span>s la </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsad_1 gs154_1\">con<span class=\"__7 _355\"></span>solida<span class=\"__7 _355\"></span>tion est effe<span class=\"__7 _355\"></span>ctu\u00e9e au co<span class=\"__7 _355\"></span>urs de cl\u00f4<span class=\"__7 _355\"></span>ture po<span class=\"__7 _355\"></span>ur les comp<span class=\"__7 _355\"></span>tes de b<span class=\"__7 _355\"></span>ilan et au c<span class=\"__7 _355\"></span>ours de </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws8_7 gs155_1\">cha<span class=\"__7 _355\"></span>nge moy<span class=\"__7 _355\"></span>en de l\u2019<span class=\"__7 _361\"></span>ex<span class=\"__7 _355\"></span>ercice po<span class=\"__7 _355\"></span>ur les comp<span class=\"__7 _355\"></span>tes de r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>ts. L<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _358\"></span>\u00e9cart r\u00e9sult<span class=\"__7 _355\"></span>ant de l\u2019u<span class=\"__7 _355\"></span>tilisation de<span class=\"__7 _355\"></span> </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs156_1\">ces de<span class=\"__7 _355\"></span>ux cours diff<span class=\"__7 _355\"></span>\u00e9ren<span class=\"__7 _355\"></span>ts est port\u00e9 au b<span class=\"__7 _355\"></span>ilan con<span class=\"__7 _355\"></span>solid\u00e9 da<span class=\"__7 _355\"></span>ns les r<span class=\"__7 _355\"></span>\u00e9serves.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m4_7 h2_7 ff2_7 fs1_7 fc3_7 sc0_7 ls2_7 ws0_7 gs157_1\">Prin<span class=\"__7 _355\"></span>cipaux taux de ch<span class=\"__7 _355\"></span>ange<span class=\"__7 _357\"> </span></div><div class=\"gs158_1\"><table class=\"s_2 w2bd_1 h45\" id=\"_25e6e3fa-fd92-4fb6-902c-275802cbbcd3\"><tr><td></td><td class=\"c_2 n_2 x37f_1 y4b2_1 w2_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>25<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x380_1 y4b2_1 w3_2 h1c_7\"><div class=\"t_7 m2_7 x80_5 h4_7 y34b_3 ff2_7 fs3_7 fc2_7 sc0_7 ls3_7 ws2_7\">31/12/<span class=\"__7 _355\"></span>20<span class=\"__7 _355\"></span>24<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4b3_1 w2be_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">T<span class=\"__7 _c7\"></span>aux de cl\u00f4tur<span class=\"__7 _355\"></span>e<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x381_1 y4b3_1 w2bf_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">1 EUR =<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x382_1 y4b3_1 w212_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h5_7 y355_3 ff2_7 fs4_7 fc0_7 sc0_7 ls4_7 ws0_7\">1 EUR =<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4b4_1 w2c0_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls8_7 ws7_7\">USD<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x383_1 y4b4_1 w2c1_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,<span class=\"__7 _361\"></span>1750<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x384_1 y4b4_1 w2c2_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,0<span class=\"__7 _355\"></span>389<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4b5_1 w20c_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls22_7 ws7c_1\">GBP<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x385_1 y4b5_1 w2c3_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls31_7 ws55_5\">0,<span class=\"__7 _359\"></span>8726<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x386_1 y4b5_1 w2c4_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">0,82<span class=\"__7 _355\"></span>92<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4b6_1 w2c5_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">CHF<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x387_1 y4b6_1 w2c6_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">0,9314<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x388_1 y4b6_1 w2c7_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">0,94<span class=\"__7 _355\"></span>12<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4b7_1 w2c8_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls56_3 wsae_1\">SGD<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x389_1 y4b7_1 w2c9_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,5<span class=\"__7 _355\"></span>105<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x38a_1 y4b7_1 w2ca_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,4164<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4b8_1 w201_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">CAD<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x38b_1 y4b8_1 w2cb_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,6088<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x38c_1 y4b8_1 w2cc_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">1,4948<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4b9_1 w2cd_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls2_7 ws0_7\">INR<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x38d_1 y4b9_1 w2ce_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">105,5<span class=\"__7 _361\"></span>965<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x38e_1 y4b9_1 w2cf_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">88,9<span class=\"__7 _355\"></span>335<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y4ba_1 w211_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls5_7 ws4_7\">CNY<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x38f_1 y4ba_1 w2d0_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">8,2262<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x390_1 y4ba_1 w2d1_1 h1e_7\"><div class=\"t_7 m2_7 x80_5 h6_7 y350_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">7<span class=\"__7 _361\"></span>,58<span class=\"__7 _355\"></span>33<span class=\"__7 _357\"> </span></div></td></tr><tr><td class=\"c_2 n_2 x84_5 y35f_3 w2d2_1 h30_3\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff4_7 fs4_7 fc0_7 sc0_7 ls3d_5 ws69_4\">DKK<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x391_1 y35f_3 w2d3_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">7<span class=\"__7 _358\"></span>,4689<span class=\"__7 _357\"> </span></div></td><td class=\"c_2 n_2 x392_1 y35f_3 w2d4_1 h25_4\"><div class=\"t_7 m2_7 x80_5 h6_7 y38b_3 ff3_7 fs4_7 fc0_7 sc0_7 ls4_7 ws3_7\">7<span class=\"__7 _361\"></span>,45<span class=\"__7 _355\"></span>78<span class=\"__7 _357\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-320": {
   "value": "<div class=\"t_7 m4_7 h2_7 ff2_7 fs1_7 fc3_7 sc0_7 ls2_7 ws0_7 gs15a_1\">Immobili<span class=\"__7 _355\"></span>sation<span class=\"__7 _355\"></span>s (in)corporelle<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div><div class=\"t_7 m40_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 lsa_7 ws27_7 gs15b_1\">L<span class=\"__7 _355\"></span>es immobili<span class=\"__7 _355\"></span>sation<span class=\"__7 _355\"></span>s (in)corporelles s<span class=\"__7 _355\"></span>ont comp<span class=\"__7 _355\"></span>tabili<span class=\"__7 _355\"></span>s\u00e9es \u00e0 l\u2019<span class=\"__7 _361\"></span>actif du bila<span class=\"__7 _355\"></span>n \u00e0 leur va<span class=\"__7 _355\"></span>leur d\u2019<span class=\"__7 _355\"></span>acqui<span class=\"__7 _355\"></span>si<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span></div><div class=\"t_7 m41_1 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 lsa_7 ws25_7 gs15c_1\">tion ou de pr<span class=\"__7 _355\"></span>oductio<span class=\"__7 _355\"></span>n, diminu\u00e9e des am<span class=\"__7 _355\"></span>ortissemen<span class=\"__7 _355\"></span>ts cumul\u00e9<span class=\"__7 _355\"></span>s et des d\u00e9pr<span class=\"__7 _355\"></span>\u00e9ciati<span class=\"__7 _355\"></span>ons \u00e9v<span class=\"__7 _355\"></span>ent<span class=\"__7 _355\"></span>uelles. </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws3a_5 gs15d_1\">L<span class=\"__7 _355\"></span>es immobili<span class=\"__7 _355\"></span>sation<span class=\"__7 _355\"></span>s (in)corporelle<span class=\"__7 _355\"></span>s sont a<span class=\"__7 _355\"></span>morties en fon<span class=\"__7 _355\"></span>ction de leur d<span class=\"__7 _355\"></span>ur\u00e9e d\u2019utilit<span class=\"__7 _355\"></span>\u00e9 estim\u00e9e<span class=\"__7 _355\"></span> </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs15e_1\">suiva<span class=\"__7 _355\"></span>nt la m\u00e9<span class=\"__7 _355\"></span>thode d\u2019<span class=\"__7 _361\"></span>amortissemen<span class=\"__7 _355\"></span>t lin\u00e9air<span class=\"__7 _355\"></span>e.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h8_7 ff4_7 fs5_7 fc0_7 sc0_7 ls9_7 ws2c_7 gs15f_1\">\u2022 B\u00e2<span class=\"__7 _355\"></span>timent<span class=\"__7 gs8_2\"> </span>: 30 an<span class=\"__7 _355\"></span>s </div><div class=\"t_7 m1_7 h8_7 ff4_7 fs5_7 fc0_7 sc0_7 ls9_7 ws2c_7 gs160_1\">\u2022 Ma<span class=\"__7 _355\"></span>t\u00e9riel et mobili<span class=\"__7 _355\"></span>er<span class=\"__7 gs8_2\"> </span>: <span class=\"__7 _359\"></span>3 \u00e0 10 ans </div><div class=\"t_7 m1_7 h8_7 ff4_7 fs5_7 fc0_7 sc0_7 ls9_7 ws2c_7 gs161_1\">\u2022 Ma<span class=\"__7 _355\"></span>t\u00e9riel ro<span class=\"__7 _355\"></span>ulan<span class=\"__7 _355\"></span>t<span class=\"__7 gs8_2\"> </span>: 5 <span class=\"__7 _359\"></span>an<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div><div class=\"t_7 m1_7 h8_7 ff4_7 fs5_7 fc0_7 sc0_7 ls9_7 ws2c_7 gs162_1\">\u2022 Licence<span class=\"__7 _355\"></span>s<span class=\"__7 gs8_2\"> </span>: 5 <span class=\"__7 _359\"></span>an<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-321": {
   "value": "Immobili<span class=\"__7 _355\"></span>sation<span class=\"__7 _355\"></span>s (in)corporelle<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es immobili<span class=\"__7 _355\"></span>sation<span class=\"__7 _355\"></span>s (in)corporelles s<span class=\"__7 _355\"></span>ont comp<span class=\"__7 _355\"></span>tabili<span class=\"__7 _355\"></span>s\u00e9es \u00e0 l\u2019<span class=\"__7 _361\"></span>actif du bila<span class=\"__7 _355\"></span>n \u00e0 leur va<span class=\"__7 _355\"></span>leur d\u2019<span class=\"__7 _355\"></span>acqui<span class=\"__7 _355\"></span>si<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>tion ou de pr<span class=\"__7 _355\"></span>oductio<span class=\"__7 _355\"></span>n, diminu\u00e9e des am<span class=\"__7 _355\"></span>ortissemen<span class=\"__7 _355\"></span>ts cumul\u00e9<span class=\"__7 _355\"></span>s et des d\u00e9pr<span class=\"__7 _355\"></span>\u00e9ciati<span class=\"__7 _355\"></span>ons \u00e9v<span class=\"__7 _355\"></span>ent<span class=\"__7 _355\"></span>uelles. L<span class=\"__7 _355\"></span>es immobili<span class=\"__7 _355\"></span>sation<span class=\"__7 _355\"></span>s (in)corporelle<span class=\"__7 _355\"></span>s sont a<span class=\"__7 _355\"></span>morties en fon<span class=\"__7 _355\"></span>ction de leur d<span class=\"__7 _355\"></span>ur\u00e9e d\u2019utilit<span class=\"__7 _355\"></span>\u00e9 estim\u00e9e<span class=\"__7 _355\"></span> suiva<span class=\"__7 _355\"></span>nt la m\u00e9<span class=\"__7 _355\"></span>thode d\u2019<span class=\"__7 _361\"></span>amortissemen<span class=\"__7 _355\"></span>t lin\u00e9air<span class=\"__7 _355\"></span>e.<span class=\"__7 _357\"> </span>\u2022 B\u00e2<span class=\"__7 _355\"></span>timent<span class=\"__7 gs8_2\"> </span>: 30 an<span class=\"__7 _355\"></span>s \u2022 Ma<span class=\"__7 _355\"></span>t\u00e9riel et mobili<span class=\"__7 _355\"></span>er<span class=\"__7 gs8_2\"> </span>: <span class=\"__7 _359\"></span>3 \u00e0 10 ans \u2022 Ma<span class=\"__7 _355\"></span>t\u00e9riel ro<span class=\"__7 _355\"></span>ulan<span class=\"__7 _355\"></span>t<span class=\"__7 gs8_2\"> </span>: 5 <span class=\"__7 _359\"></span>an<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span>\u2022 Licence<span class=\"__7 _355\"></span>s<span class=\"__7 gs8_2\"> </span>: 5 <span class=\"__7 _359\"></span>an<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-322": {
   "value": "P<span class=\"__7 _361\"></span>ar<span class=\"__7 _359\"></span>ticipa<span class=\"__7 _355\"></span>tions et c<span class=\"__7 _355\"></span>r\u00e9an<span class=\"__7 _355\"></span>ces<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es participa<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur son<span class=\"__7 _355\"></span>t enregis<span class=\"__7 _355\"></span>tr\u00e9es \u00e0 l<span class=\"__7 _355\"></span>a dat<span class=\"__7 _355\"></span>e de tran<span class=\"__7 _355\"></span>saction et s<span class=\"__7 _355\"></span>ont \u00e9v<span class=\"__7 _355\"></span>alu\u00e9e<span class=\"__7 _355\"></span>s \u00e0 leur j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es participa<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur son<span class=\"__7 _355\"></span>t cons<span class=\"__7 _355\"></span>titu\u00e9es de titr<span class=\"__7 _355\"></span>es qui son<span class=\"__7 _355\"></span>t acquis da<span class=\"__7 _355\"></span>ns le but d\u2019<span class=\"__7 _c7\"></span>ob<span class=\"__7 _359\"></span><span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>tenir de<span class=\"__7 _355\"></span>s rendemen<span class=\"__7 _355\"></span>ts sou<span class=\"__7 _355\"></span>s la forme de pl<span class=\"__7 _355\"></span>us-va<span class=\"__7 _355\"></span>lues en cap<span class=\"__7 _355\"></span>ital et/<span class=\"__7 _c7\"></span>ou de r<span class=\"__7 _355\"></span>evenu<span class=\"__7 _355\"></span>s d\u2019inves<span class=\"__7 _355\"></span>tisse<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>men<span class=\"__7 _355\"></span>ts. Elles son<span class=\"__7 _355\"></span>t \u00e9va<span class=\"__7 _355\"></span>lu\u00e9es \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e vale<span class=\"__7 _355\"></span>ur \u00e0 chaque da<span class=\"__7 _355\"></span>te de cl\u00f4<span class=\"__7 _355\"></span>ture<span class=\"__7 _355\"></span>. L<span class=\"__7 _355\"></span>es plus ou m<span class=\"__7 _355\"></span>oins-v<span class=\"__7 _355\"></span>alues la<span class=\"__7 _355\"></span>tent<span class=\"__7 _355\"></span>es son<span class=\"__7 _355\"></span>t compt<span class=\"__7 _355\"></span>abilis\u00e9e<span class=\"__7 _355\"></span>s direct<span class=\"__7 _355\"></span>ement d<span class=\"__7 _355\"></span>ans le c<span class=\"__7 _355\"></span>ompte de r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>ts. E<span class=\"__7 _355\"></span>n cas de ces<span class=\"__7 _355\"></span>sion, la diff\u00e9r<span class=\"__7 _355\"></span>ence entr<span class=\"__7 _355\"></span>e le prod<span class=\"__7 _355\"></span>uit net de la v<span class=\"__7 _355\"></span>ente e<span class=\"__7 _355\"></span>t la vale<span class=\"__7 _355\"></span>ur comp<span class=\"__7 _355\"></span>table est port\u00e9<span class=\"__7 _355\"></span>e en r\u00e9sulta<span class=\"__7 _355\"></span>t, soit au d\u00e9bit, so<span class=\"__7 _355\"></span>it au cr<span class=\"__7 _355\"></span>\u00e9dit.<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-323": {
   "value": "P<span class=\"__7 _361\"></span>ar<span class=\"__7 _359\"></span>ticipa<span class=\"__7 _355\"></span>tions et c<span class=\"__7 _355\"></span>r\u00e9an<span class=\"__7 _355\"></span>ces<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es participa<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur son<span class=\"__7 _355\"></span>t enregis<span class=\"__7 _355\"></span>tr\u00e9es \u00e0 l<span class=\"__7 _355\"></span>a dat<span class=\"__7 _355\"></span>e de tran<span class=\"__7 _355\"></span>saction et s<span class=\"__7 _355\"></span>ont \u00e9v<span class=\"__7 _355\"></span>alu\u00e9e<span class=\"__7 _355\"></span>s \u00e0 leur j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es participa<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur son<span class=\"__7 _355\"></span>t cons<span class=\"__7 _355\"></span>titu\u00e9es de titr<span class=\"__7 _355\"></span>es qui son<span class=\"__7 _355\"></span>t acquis da<span class=\"__7 _355\"></span>ns le but d\u2019<span class=\"__7 _c7\"></span>ob<span class=\"__7 _359\"></span><span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>tenir de<span class=\"__7 _355\"></span>s rendemen<span class=\"__7 _355\"></span>ts sou<span class=\"__7 _355\"></span>s la forme de pl<span class=\"__7 _355\"></span>us-va<span class=\"__7 _355\"></span>lues en cap<span class=\"__7 _355\"></span>ital et/<span class=\"__7 _c7\"></span>ou de r<span class=\"__7 _355\"></span>evenu<span class=\"__7 _355\"></span>s d\u2019inves<span class=\"__7 _355\"></span>tisse<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>men<span class=\"__7 _355\"></span>ts. Elles son<span class=\"__7 _355\"></span>t \u00e9va<span class=\"__7 _355\"></span>lu\u00e9es \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e vale<span class=\"__7 _355\"></span>ur \u00e0 chaque da<span class=\"__7 _355\"></span>te de cl\u00f4<span class=\"__7 _355\"></span>ture<span class=\"__7 _355\"></span>. L<span class=\"__7 _355\"></span>es plus ou m<span class=\"__7 _355\"></span>oins-v<span class=\"__7 _355\"></span>alues la<span class=\"__7 _355\"></span>tent<span class=\"__7 _355\"></span>es son<span class=\"__7 _355\"></span>t compt<span class=\"__7 _355\"></span>abilis\u00e9e<span class=\"__7 _355\"></span>s direct<span class=\"__7 _355\"></span>ement d<span class=\"__7 _355\"></span>ans le c<span class=\"__7 _355\"></span>ompte de r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>ts. E<span class=\"__7 _355\"></span>n cas de ces<span class=\"__7 _355\"></span>sion, la diff\u00e9r<span class=\"__7 _355\"></span>ence entr<span class=\"__7 _355\"></span>e le prod<span class=\"__7 _355\"></span>uit net de la v<span class=\"__7 _355\"></span>ente e<span class=\"__7 _355\"></span>t la vale<span class=\"__7 _355\"></span>ur comp<span class=\"__7 _355\"></span>table est port\u00e9<span class=\"__7 _355\"></span>e en r\u00e9sulta<span class=\"__7 _355\"></span>t, soit au d\u00e9bit, so<span class=\"__7 _355\"></span>it au cr<span class=\"__7 _355\"></span>\u00e9dit.<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-324": {
   "value": "P<span class=\"__7 _361\"></span>ar<span class=\"__7 _359\"></span>ticipa<span class=\"__7 _355\"></span>tions et c<span class=\"__7 _355\"></span>r\u00e9an<span class=\"__7 _355\"></span>ces<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es participa<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur son<span class=\"__7 _355\"></span>t enregis<span class=\"__7 _355\"></span>tr\u00e9es \u00e0 l<span class=\"__7 _355\"></span>a dat<span class=\"__7 _355\"></span>e de tran<span class=\"__7 _355\"></span>saction et s<span class=\"__7 _355\"></span>ont \u00e9v<span class=\"__7 _355\"></span>alu\u00e9e<span class=\"__7 _355\"></span>s \u00e0 leur j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeu<span class=\"__7 _355\"></span>r<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es participa<span class=\"__7 _355\"></span>tion<span class=\"__7 _355\"></span>s \u00e0 la ju<span class=\"__7 _355\"></span>ste va<span class=\"__7 _355\"></span>leur son<span class=\"__7 _355\"></span>t cons<span class=\"__7 _355\"></span>titu\u00e9es de titr<span class=\"__7 _355\"></span>es qui son<span class=\"__7 _355\"></span>t acquis da<span class=\"__7 _355\"></span>ns le but d\u2019<span class=\"__7 _c7\"></span>ob<span class=\"__7 _359\"></span><span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>tenir de<span class=\"__7 _355\"></span>s rendemen<span class=\"__7 _355\"></span>ts sou<span class=\"__7 _355\"></span>s la forme de pl<span class=\"__7 _355\"></span>us-va<span class=\"__7 _355\"></span>lues en cap<span class=\"__7 _355\"></span>ital et/<span class=\"__7 _c7\"></span>ou de r<span class=\"__7 _355\"></span>evenu<span class=\"__7 _355\"></span>s d\u2019inves<span class=\"__7 _355\"></span>tisse<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>men<span class=\"__7 _355\"></span>ts. Elles son<span class=\"__7 _355\"></span>t \u00e9va<span class=\"__7 _355\"></span>lu\u00e9es \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e vale<span class=\"__7 _355\"></span>ur \u00e0 chaque da<span class=\"__7 _355\"></span>te de cl\u00f4<span class=\"__7 _355\"></span>ture<span class=\"__7 _355\"></span>. L<span class=\"__7 _355\"></span>es plus ou m<span class=\"__7 _355\"></span>oins-v<span class=\"__7 _355\"></span>alues la<span class=\"__7 _355\"></span>tent<span class=\"__7 _355\"></span>es son<span class=\"__7 _355\"></span>t compt<span class=\"__7 _355\"></span>abilis\u00e9e<span class=\"__7 _355\"></span>s direct<span class=\"__7 _355\"></span>ement d<span class=\"__7 _355\"></span>ans le c<span class=\"__7 _355\"></span>ompte de r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>ts. E<span class=\"__7 _355\"></span>n cas de ces<span class=\"__7 _355\"></span>sion, la diff\u00e9r<span class=\"__7 _355\"></span>ence entr<span class=\"__7 _355\"></span>e le prod<span class=\"__7 _355\"></span>uit net de la v<span class=\"__7 _355\"></span>ente e<span class=\"__7 _355\"></span>t la vale<span class=\"__7 _355\"></span>ur comp<span class=\"__7 _355\"></span>table est port\u00e9<span class=\"__7 _355\"></span>e en r\u00e9sulta<span class=\"__7 _355\"></span>t, soit au d\u00e9bit, so<span class=\"__7 _355\"></span>it au cr<span class=\"__7 _355\"></span>\u00e9dit.<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-325": {
   "value": "D\u00e9p\u00f4t e<span class=\"__7 _355\"></span>t autre<span class=\"__7 _355\"></span>s actifs finan<span class=\"__7 _355\"></span>ciers cou<span class=\"__7 _355\"></span>ran<span class=\"__7 _355\"></span>ts<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es commer<span class=\"__7 _355\"></span>ciales son<span class=\"__7 _361\"></span>t <span class=\"__7 _359\"></span>\u00e9v<span class=\"__7 _355\"></span>alu\u00e9e<span class=\"__7 _355\"></span>s au co\u00fbt am<span class=\"__7 _355\"></span>orti. <span class=\"__7 _359\"></span>La norme I<span class=\"__7 _355\"></span>FR<span class=\"__7 _355\"></span>S 9 requi<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>t la com<span class=\"__7 _355\"></span>p<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>tab<span class=\"__7 _355\"></span>ilisation de pert<span class=\"__7 _355\"></span>es de cr<span class=\"__7 _355\"></span>\u00e9dit sur tou<span class=\"__7 _355\"></span>s les instru<span class=\"__7 _355\"></span>ments de de<span class=\"__7 _355\"></span>ttes<span class=\"__7 _355\"></span>, pr\u00eats e<span class=\"__7 _355\"></span>t cr\u00e9a<span class=\"__7 _355\"></span>nces c<span class=\"__7 _355\"></span>ommer<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>ciale<span class=\"__7 _355\"></span>s sur la base de le<span class=\"__7 _355\"></span>ur dur\u00e9<span class=\"__7 _355\"></span>e de vie. Ce m<span class=\"__7 _355\"></span>od\u00e8le de per<span class=\"__7 _359\"></span>te de v<span class=\"__7 _355\"></span>aleur pr<span class=\"__7 _355\"></span>\u00e9vu par l<span class=\"__7 _355\"></span>a norme IF<span class=\"__7 _355\"></span>RS 9 est f<span class=\"__7 _355\"></span>ond\u00e9 sur l\u2019<span class=\"__7 _361\"></span>an<span class=\"__7 _355\"></span>ticipation de<span class=\"__7 _355\"></span>s pertes et n<span class=\"__7 _355\"></span>\u2019<span class=\"__7 _355\"></span>a pas d\u2019inci<span class=\"__7 _355\"></span>dence significa<span class=\"__7 _355\"></span>tive sur l\u2019<span class=\"__7 _358\"></span>\u00e9v<span class=\"__7 _355\"></span>alua<span class=\"__7 _355\"></span>tion des d\u00e9pr<span class=\"__7 _355\"></span>\u00e9cia<span class=\"__7 _355\"></span>tions d\u2019<span class=\"__7 _361\"></span>actifs fina<span class=\"__7 _355\"></span>nciers.<span class=\"__7 _357\"> </span><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs172\">L<span class=\"__7 _355\"></span>es cr<span class=\"__7 _355\"></span>\u00e9anc<span class=\"__7 _355\"></span>es sur les filia<span class=\"__7 _355\"></span>les son<span class=\"__7 _355\"></span>t d\u00e9sign\u00e9es \u00e0 l<span class=\"__7 _355\"></span>a jus<span class=\"__7 _355\"></span>te va<span class=\"__7 _355\"></span>leur via le comp<span class=\"__7 _355\"></span>te de r<span class=\"__7 _355\"></span>\u00e9sultat<span class=\"__7 _355\"></span>s.<span class=\"__7 _357\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-326": {
   "value": "Action<span class=\"__7 _355\"></span>s propr<span class=\"__7 _355\"></span>es<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es ach<span class=\"__7 _355\"></span>ats et le<span class=\"__7 _355\"></span>s ven<span class=\"__7 _355\"></span>tes d\u2019<span class=\"__7 _361\"></span>action<span class=\"__7 _355\"></span>s propr<span class=\"__7 _355\"></span>es son<span class=\"__7 _355\"></span>t por<span class=\"__7 _359\"></span>t\u00e9<span class=\"__7 _355\"></span>s, re<span class=\"__7 _355\"></span>spectivemen<span class=\"__7 _355\"></span>t, en diminution o<span class=\"__7 _355\"></span>u en augmen<span class=\"__7 _355\"></span>ta<span class=\"__7 _355\"></span>tion des cap<span class=\"__7 _355\"></span>itaux propr<span class=\"__7 _355\"></span>es. L<span class=\"__7 _361\"></span>es muta<span class=\"__7 _355\"></span>tions de l<span class=\"__7 _355\"></span>a p\u00e9riode sont j<span class=\"__7 _355\"></span>us<span class=\"__7 _355\"></span>tifi\u00e9es da<span class=\"__7 _355\"></span>ns le tablea<span class=\"__7 _355\"></span>u mon<span class=\"__7 _355\"></span>tran<span class=\"__7 _355\"></span>t l\u2019<span class=\"__7 _358\"></span>\u00e9voluti<span class=\"__7 _355\"></span>on des capit<span class=\"__7 _355\"></span>aux propr<span class=\"__7 _355\"></span>es. Auc<span class=\"__7 _355\"></span>un r\u00e9sult<span class=\"__7 _355\"></span>at n\u2019<span class=\"__7 _c7\"></span>est enregi<span class=\"__7 _355\"></span>str\u00e9 sur c<span class=\"__7 _355\"></span>es muta<span class=\"__7 _355\"></span>tions<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-327": {
   "value": "A<span class=\"__7 _361\"></span>van<span class=\"__7 _355\"></span>tages du per<span class=\"__7 _355\"></span>sonnel<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>e personnel d<span class=\"__7 _355\"></span>u groupe b\u00e9n<span class=\"__7 _355\"></span>\u00e9ficie de pla<span class=\"__7 _355\"></span>ns de pensi<span class=\"__7 _355\"></span>on de t<span class=\"__7 _359\"></span>ype \u00ab pre<span class=\"__7 _355\"></span>sta<span class=\"__7 _355\"></span>tions d\u00e9fini<span class=\"__7 _355\"></span>es \u00bb, de type \u00ab contributi<span class=\"__7 _355\"></span>ons d\u00e9finie<span class=\"__7 _355\"></span>s \u00bb et \u00ab cash b<span class=\"__7 _355\"></span>alan<span class=\"__7 _355\"></span>ce \u00bb. Ces pl<span class=\"__7 _355\"></span>ans de pen<span class=\"__7 _355\"></span>sion son<span class=\"__7 _355\"></span>t financ\u00e9<span class=\"__7 _355\"></span>s par des con<span class=\"__7 _355\"></span>tribution<span class=\"__7 _355\"></span>s pro<span class=\"__7 _355\"></span>vena<span class=\"__7 _355\"></span>nt des soci<span class=\"__7 _355\"></span>\u00e9t\u00e9<span class=\"__7 _355\"></span>s et filiales d<span class=\"__7 _355\"></span>u groupe qui em<span class=\"__7 _355\"></span>ploien<span class=\"__7 _355\"></span>t du personn<span class=\"__7 _355\"></span>el et par de<span class=\"__7 _355\"></span>s contribu<span class=\"__7 _355\"></span>tions pr<span class=\"__7 _355\"></span>oven<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>t du personnel.<span class=\"__7 _357\"> </span>P<span class=\"__7 _361\"></span>our les r\u00e9gim<span class=\"__7 _355\"></span>es de pension, l<span class=\"__7 _355\"></span>a charge de<span class=\"__7 _355\"></span>s engagemen<span class=\"__7 _355\"></span>ts de pensi<span class=\"__7 _355\"></span>on est d\u00e9t<span class=\"__7 _355\"></span>ermin\u00e9e selon la m\u00e9th<span class=\"__7 _355\"></span>ode actua<span class=\"__7 _355\"></span>rielle \u00ab Pr<span class=\"__7 _355\"></span>oject<span class=\"__7 _355\"></span>ed Unit Cr<span class=\"__7 _355\"></span>edit \u00bb pour le pla<span class=\"__7 _355\"></span>n \u00ab pres<span class=\"__7 _355\"></span>tation<span class=\"__7 _355\"></span>s d\u00e9finies \u00bb e<span class=\"__7 _355\"></span>t selon la m\u00e9th<span class=\"__7 _355\"></span>ode \u00ab T<span class=\"__7 _361\"></span>raditi<span class=\"__7 _355\"></span>onal Unit C<span class=\"__7 _355\"></span>redit \u00bb pour le<span class=\"__7 _355\"></span>s plan<span class=\"__7 _355\"></span>s \u00ab contributi<span class=\"__7 _355\"></span>ons d\u00e9finie<span class=\"__7 _355\"></span>s \u00bb et \u00ab cash ba<span class=\"__7 _355\"></span>lanc<span class=\"__7 _355\"></span>e \u00bb, con<span class=\"__7 _355\"></span>form\u00e9men<span class=\"__7 _355\"></span>t aux principe<span class=\"__7 _355\"></span>s de l\u2019IAS 19<span class=\"__7 _361\"></span>. Un calcul de la va<span class=\"__7 _355\"></span>leur act<span class=\"__7 _355\"></span>uelle des pre<span class=\"__7 _355\"></span>stati<span class=\"__7 _355\"></span>ons promi<span class=\"__7 _355\"></span>ses est f<span class=\"__7 _355\"></span>ait. Cett<span class=\"__7 _355\"></span>e valeur a<span class=\"__7 _355\"></span>ctuelle calc<span class=\"__7 _355\"></span>ul\u00e9e est alor<span class=\"__7 _355\"></span>s compa<span class=\"__7 _355\"></span>r\u00e9e au fina<span class=\"__7 _355\"></span>ncemen<span class=\"__7 _355\"></span>t exis<span class=\"__7 _355\"></span>tan<span class=\"__7 _355\"></span>t et g\u00e9n\u00e8re<span class=\"__7 _355\"></span>, s\u2019il y a lieu<span class=\"__7 _355\"></span>, une pro<span class=\"__7 _355\"></span>vision com<span class=\"__7 _355\"></span>ptable<span class=\"__7 _355\"></span>. Le<span class=\"__7 _355\"></span>s co\u00fbts \u00e9t<span class=\"__7 _355\"></span>ablis par le<span class=\"__7 _355\"></span>s actuair<span class=\"__7 _355\"></span>es son<span class=\"__7 _355\"></span>t eux-m\u00eames<span class=\"__7 _355\"></span> compa<span class=\"__7 _355\"></span>r\u00e9<span class=\"__7 _355\"></span>s aux primes ou con<span class=\"__7 _361\"></span>tributions v<span class=\"__7 _355\"></span>ers\u00e9es pa<span class=\"__7 _355\"></span>r l\u2019<span class=\"__7 _361\"></span>employ<span class=\"__7 _355\"></span>eur \u00e0 l\u2019<span class=\"__7 _358\"></span>organism<span class=\"__7 _355\"></span>e de financem<span class=\"__7 _355\"></span>ent et g\u00e9n\u00e8r<span class=\"__7 _355\"></span>ent, s\u2019il y a li<span class=\"__7 _355\"></span>eu, une c<span class=\"__7 _355\"></span>harge suppl\u00e9m<span class=\"__7 _355\"></span>entair<span class=\"__7 _355\"></span>e au comp<span class=\"__7 _355\"></span>te de r<span class=\"__7 _355\"></span>\u00e9sultat<span class=\"__7 _355\"></span>s consolid\u00e9<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>e mont<span class=\"__7 _355\"></span>ant c<span class=\"__7 _355\"></span>ompta<span class=\"__7 _355\"></span>bilis\u00e9 au bil<span class=\"__7 _355\"></span>an corre<span class=\"__7 _355\"></span>spond \u00e0 la va<span class=\"__7 _355\"></span>leur actu<span class=\"__7 _355\"></span>alis\u00e9e des en<span class=\"__7 _355\"></span>gagement<span class=\"__7 _355\"></span>s de pen<span class=\"__7 _359\"></span><span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>sion diminu\u00e9e de l<span class=\"__7 _355\"></span>a jus<span class=\"__7 _355\"></span>te va<span class=\"__7 _355\"></span>leur des actifs de<span class=\"__7 _355\"></span>s plan<span class=\"__7 _355\"></span>s de pension, con<span class=\"__7 _355\"></span>form\u00e9m<span class=\"__7 _355\"></span>ent aux prin<span class=\"__7 _355\"></span>cipes de la norme I<span class=\"__7 _355\"></span>AS 19<span class=\"__7 _355\"></span>. L<span class=\"__7 _355\"></span>es diff\u00e9ren<span class=\"__7 _355\"></span>ces act<span class=\"__7 _355\"></span>uarielle<span class=\"__7 _355\"></span>s, les diff\u00e9r<span class=\"__7 _355\"></span>ences en<span class=\"__7 _355\"></span>tre le r<span class=\"__7 _355\"></span>endemen<span class=\"__7 _355\"></span>t r\u00e9el e<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsb5 gs174\">le ren<span class=\"__7 _355\"></span>dement norm<span class=\"__7 _355\"></span>atif sur le<span class=\"__7 _355\"></span>s actifs ainsi que l\u2019<span class=\"__7 _358\"></span>effet d<span class=\"__7 _355\"></span>u plaf<span class=\"__7 _355\"></span>onnemen<span class=\"__7 _355\"></span>t de l\u2019<span class=\"__7 _355\"></span>actif net (e<span class=\"__7 _355\"></span>xc<span class=\"__7 _355\"></span>luan<span class=\"__7 _355\"></span>t </div><div class=\"t_7 m48 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls58_3 ws3b_5 gs175\">l\u2019<span class=\"__7 _358\"></span>effet d\u2019in<span class=\"__7 _355\"></span>t\u00e9r\u00ea<span class=\"__7 _355\"></span>t) sont in<span class=\"__7 _355\"></span>t\u00e9gr<span class=\"__7 _355\"></span>alemen<span class=\"__7 _355\"></span>t compta<span class=\"__7 _355\"></span>bilis\u00e9s en c<span class=\"__7 _355\"></span>apitaux pr<span class=\"__7 _355\"></span>opre<span class=\"__7 _355\"></span>s, sans r<span class=\"__7 _355\"></span>ecla<span class=\"__7 _355\"></span>ssemen<span class=\"__7 _355\"></span>t </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs176\">ult\u00e9rie<span class=\"__7 _355\"></span>ur en r\u00e9<span class=\"__7 _355\"></span>sultat.<span class=\"__7 _357\"> </span></div><div class=\"t_7 m49 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls58_3 ws3b_5 gs177\">L<span class=\"__7 _355\"></span>es pla<span class=\"__7 _355\"></span>ns d\u2019in<span class=\"__7 _355\"></span>t\u00e9re<span class=\"__7 _355\"></span>ssemen<span class=\"__7 _355\"></span>t attribu\u00e9<span class=\"__7 _355\"></span>s sont com<span class=\"__7 _355\"></span>ptab<span class=\"__7 _355\"></span>ilis\u00e9s con<span class=\"__7 _355\"></span>form<span class=\"__7 _355\"></span>\u00e9ment \u00e0 l<span class=\"__7 _355\"></span>a norme IF<span class=\"__7 _355\"></span>RS 2.<span class=\"__7 _355\"></span> </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws83_1 gs178\">Selon cett<span class=\"__7 _355\"></span>e norme, l<span class=\"__7 _355\"></span>a jus<span class=\"__7 _355\"></span>te vale<span class=\"__7 _355\"></span>ur des opti<span class=\"__7 _355\"></span>ons \u00e0 la da<span class=\"__7 _355\"></span>te d\u2019<span class=\"__7 _361\"></span>attribution e<span class=\"__7 _355\"></span>st prise en com<span class=\"__7 _355\"></span>pte de </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws3f_5 gs179\">r\u00e9<span class=\"__7 _355\"></span>sultats su<span class=\"__7 _355\"></span>r la p\u00e9riode d\u2019<span class=\"__7 _361\"></span>acquisition des d<span class=\"__7 _355\"></span>roits (v<span class=\"__7 _355\"></span>esting peri<span class=\"__7 _355\"></span>od). Le<span class=\"__7 _355\"></span>s option<span class=\"__7 _355\"></span>s sont v<span class=\"__7 _355\"></span>aloris\u00e9e<span class=\"__7 _355\"></span>s </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 wsa3_1 gs17a\">en utilisan<span class=\"__7 _355\"></span>t un mod\u00e8le de v<span class=\"__7 _355\"></span>alorisa<span class=\"__7 _355\"></span>tion commun\u00e9m<span class=\"__7 _355\"></span>ent admi<span class=\"__7 _355\"></span>s sur la base de<span class=\"__7 _355\"></span>s condition<span class=\"__7 _355\"></span>s de </div><div class=\"t_7 m1_7 h7_7 ff3_7 fs5_7 fc0_7 sc0_7 ls9_7 ws0_7 gs17b\">mar<span class=\"__7 _355\"></span>ch\u00e9 en vigue<span class=\"__7 _355\"></span>ur au momen<span class=\"__7 _355\"></span>t de leur attrib<span class=\"__7 _355\"></span>ution.<span class=\"__7 _357\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-328": {
   "value": "P<span class=\"__7 _361\"></span>assifs fin<span class=\"__7 _355\"></span>anciers<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es in<span class=\"__7 _355\"></span>strumen<span class=\"__7 _355\"></span>ts financi<span class=\"__7 _355\"></span>ers d\u00e9riv\u00e9s s<span class=\"__7 _355\"></span>ont initia<span class=\"__7 _355\"></span>lement enr<span class=\"__7 _355\"></span>egistr<span class=\"__7 _355\"></span>\u00e9s \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeur e<span class=\"__7 _355\"></span>t r\u00e9\u00e9<span class=\"__7 _355\"></span>valu\u00e9<span class=\"__7 _355\"></span>s \u00e0 chaq<span class=\"__7 _355\"></span>ue date de c<span class=\"__7 _355\"></span>l\u00f4tur<span class=\"__7 _355\"></span>e. L<span class=\"__7 _355\"></span>es v<span class=\"__7 _355\"></span>ariati<span class=\"__7 _355\"></span>ons de j<span class=\"__7 _355\"></span>uste v<span class=\"__7 _355\"></span>aleur s<span class=\"__7 _355\"></span>ont enr<span class=\"__7 _355\"></span>egistr\u00e9<span class=\"__7 _355\"></span>es dan<span class=\"__7 _355\"></span>s le compt<span class=\"__7 _355\"></span>e de r\u00e9<span class=\"__7 _355\"></span>sultats<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es dett<span class=\"__7 _355\"></span>es commer<span class=\"__7 _355\"></span>ciales<span class=\"__7 _355\"></span>, emprunts e<span class=\"__7 _355\"></span>t les d\u00e9couv<span class=\"__7 _355\"></span>er<span class=\"__7 _359\"></span>ts ba<span class=\"__7 _355\"></span>ncaire<span class=\"__7 _355\"></span>s sont \u00e9<span class=\"__7 _355\"></span>valu\u00e9<span class=\"__7 _355\"></span>s initialemen<span class=\"__7 _355\"></span>t \u00e0 la j<span class=\"__7 _355\"></span>uste v<span class=\"__7 _355\"></span>aleur min<span class=\"__7 _355\"></span>or\u00e9e des c<span class=\"__7 _355\"></span>o\u00fbts de tra<span class=\"__7 _355\"></span>nsacti<span class=\"__7 _355\"></span>on qui sont dir<span class=\"__7 _355\"></span>ectem<span class=\"__7 _355\"></span>ent a<span class=\"__7 _355\"></span>ttribuable<span class=\"__7 _355\"></span>s \u00e0 leur acqui<span class=\"__7 _355\"></span>sition ou \u00e0 leur \u00e9mis<span class=\"__7 _355\"></span>sion et, par l<span class=\"__7 _355\"></span>a suite, au c<span class=\"__7 _355\"></span>o\u00fbt amorti.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es dett<span class=\"__7 _355\"></span>es enver<span class=\"__7 _355\"></span>s les filiale<span class=\"__7 _355\"></span>s sont d\u00e9sign<span class=\"__7 _355\"></span>\u00e9es \u00e0 la j<span class=\"__7 _355\"></span>ust<span class=\"__7 _355\"></span>e valeur vi<span class=\"__7 _355\"></span>a le compt<span class=\"__7 _355\"></span>e de r\u00e9sult<span class=\"__7 _355\"></span>ats.<span class=\"__7 _357\"> </span>IF<span class=\"__7 _355\"></span>RS 16 <span class=\"__7 _356\"></span>\u2013 <span class=\"__7 _359\"></span>Con<span class=\"__7 _355\"></span>tra<span class=\"__7 _355\"></span>ts <span class=\"__7 _359\"></span>de <span class=\"__7 _359\"></span>location<span class=\"__7 gs8_2\"> </span>: <span class=\"__7 _359\"></span>lorsqu\u2019un <span class=\"__7 _359\"></span>con<span class=\"__7 _355\"></span>tra<span class=\"__7 _355\"></span>t <span class=\"__7 _359\"></span>de <span class=\"__7 _359\"></span>location <span class=\"__7 _359\"></span>es<span class=\"__7 _355\"></span>t <span class=\"__7 _359\"></span>conclu <span class=\"__7 _359\"></span>(si <span class=\"__7 _359\"></span>ce <span class=\"__7 _359\"></span>con<span class=\"__7 _355\"></span>tra<span class=\"__7 _355\"></span>t <span class=\"__7 _359\"></span>n\u2019<span class=\"__7 _358\"></span>est pas un c<span class=\"__7 _355\"></span>ontr<span class=\"__7 _355\"></span>at \u00e0 cou<span class=\"__7 _355\"></span>r<span class=\"__7 _359\"></span>t terme o<span class=\"__7 _355\"></span>u concerne u<span class=\"__7 _355\"></span>n actif de faible va<span class=\"__7 _355\"></span>leur), une dett<span class=\"__7 _355\"></span>e est r<span class=\"__7 _355\"></span>econnue pour l\u2019<span class=\"__7 _358\"></span>engagemen<span class=\"__7 _355\"></span>t y rela<span class=\"__7 _355\"></span>tif<span class=\"__7 _355\"></span>, valori<span class=\"__7 _355\"></span>s\u00e9e au co\u00fbt a<span class=\"__7 _355\"></span>morti, et l\u2019<span class=\"__7 _355\"></span>actif li<span class=\"__7 _355\"></span>\u00e9 est re<span class=\"__7 _355\"></span>connu comme immo<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>bilisa<span class=\"__7 _355\"></span>tion corpor<span class=\"__7 _355\"></span>elle.<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-329": {
   "value": "Pr<span class=\"__7 _355\"></span>o<span class=\"__7 _355\"></span>visions<span class=\"__7 _357\"> </span>Une pr<span class=\"__7 _355\"></span>ovision e<span class=\"__7 _355\"></span>st con<span class=\"__7 _355\"></span>stitu\u00e9e lors<span class=\"__7 _355\"></span>qu\u2019il exist<span class=\"__7 _355\"></span>e une obligati<span class=\"__7 _355\"></span>on juridi<span class=\"__7 _355\"></span>que ou implicit<span class=\"__7 _355\"></span>e, \u00e0 la da<span class=\"__7 _355\"></span>te du bila<span class=\"__7 _355\"></span>n, qui r\u00e9sult<span class=\"__7 _355\"></span>e d\u2019un \u00e9v\u00e8n<span class=\"__7 _355\"></span>ement pa<span class=\"__7 _355\"></span>ss\u00e9 et don<span class=\"__7 _355\"></span>t il est pr<span class=\"__7 _355\"></span>obable qu\u2019<span class=\"__7 _358\"></span>elle engendr<span class=\"__7 _355\"></span>era des c<span class=\"__7 _355\"></span>harge<span class=\"__7 _355\"></span>s dont le m<span class=\"__7 _355\"></span>onta<span class=\"__7 _355\"></span>nt peut \u00ea<span class=\"__7 _355\"></span>tre es<span class=\"__7 _355\"></span>tim\u00e9 de mani\u00e8r<span class=\"__7 _355\"></span>e fiable<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-330": {
   "value": "Imp\u00f4<span class=\"__7 _355\"></span>ts<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es imp\u00f4<span class=\"__7 _355\"></span>ts compr<span class=\"__7 _355\"></span>ennent le<span class=\"__7 _355\"></span>s imp\u00f4ts su<span class=\"__7 _355\"></span>r le r\u00e9sulta<span class=\"__7 _355\"></span>t et les im<span class=\"__7 _355\"></span>p\u00f4ts diff\u00e9r<span class=\"__7 _355\"></span>\u00e9s. L<span class=\"__7 _361\"></span>es imp\u00f4t<span class=\"__7 _355\"></span>s dif<span class=\"__7 _359\"></span>f\u00e9r<span class=\"__7 _355\"></span>\u00e9s son<span class=\"__7 _355\"></span>t compta<span class=\"__7 _355\"></span>bilis\u00e9<span class=\"__7 _355\"></span>s au compt<span class=\"__7 _355\"></span>e de r\u00e9<span class=\"__7 _355\"></span>sultats sa<span class=\"__7 _355\"></span>uf lorsqu\u2019ils c<span class=\"__7 _355\"></span>oncernen<span class=\"__7 _355\"></span>t des \u00e9l\u00e9men<span class=\"__7 _355\"></span>ts qui ont \u00e9<span class=\"__7 _355\"></span>t\u00e9 comp<span class=\"__7 _355\"></span>tabili<span class=\"__7 _355\"></span>s\u00e9s direc<span class=\"__7 _355\"></span>temen<span class=\"__7 _355\"></span>t dan<span class=\"__7 _355\"></span>s les capit<span class=\"__7 _355\"></span>aux propr<span class=\"__7 _355\"></span>es, a<span class=\"__7 _355\"></span>uquel cas ils son<span class=\"__7 _355\"></span>t \u00e9galemen<span class=\"__7 _355\"></span>t comp<span class=\"__7 _355\"></span>ta<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>bilis\u00e9<span class=\"__7 _355\"></span>s direct<span class=\"__7 _355\"></span>emen<span class=\"__7 _355\"></span>t dans c<span class=\"__7 _355\"></span>ette rubrique<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es imp\u00f4<span class=\"__7 _355\"></span>ts sur le r\u00e9<span class=\"__7 _355\"></span>sultat son<span class=\"__7 _355\"></span>t con<span class=\"__7 _355\"></span>stitu\u00e9s de<span class=\"__7 _355\"></span>s imp\u00f4ts \u00e0 pa<span class=\"__7 _355\"></span>yer sur les r<span class=\"__7 _355\"></span>even<span class=\"__7 _355\"></span>us imposa<span class=\"__7 _355\"></span>bles de l\u2019<span class=\"__7 _358\"></span>exer<span class=\"__7 _355\"></span>cice<span class=\"__7 _355\"></span>, ainsi que de to<span class=\"__7 _355\"></span>ut aju<span class=\"__7 _355\"></span>stemen<span class=\"__7 _355\"></span>t rela<span class=\"__7 _355\"></span>tif aux ex<span class=\"__7 _355\"></span>erci<span class=\"__7 _355\"></span>ces an<span class=\"__7 _355\"></span>t\u00e9rie<span class=\"__7 _355\"></span>urs.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es imp\u00f4<span class=\"__7 _355\"></span>ts diff\u00e9r\u00e9<span class=\"__7 _355\"></span>s sont c<span class=\"__7 _355\"></span>onstitu\u00e9<span class=\"__7 _355\"></span>s des imp\u00f4<span class=\"__7 _355\"></span>ts sur les b\u00e9n\u00e9fi<span class=\"__7 _355\"></span>ces \u00e0 pay<span class=\"__7 _355\"></span>er ou \u00e0 rec<span class=\"__7 _355\"></span>ouvrer a<span class=\"__7 _355\"></span>u cour<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _361\"></span>ex<span class=\"__7 _355\"></span>ercic<span class=\"__7 _355\"></span>es futur<span class=\"__7 _355\"></span>s au titre de<span class=\"__7 _355\"></span>s diff\u00e9ren<span class=\"__7 _355\"></span>ces tem<span class=\"__7 _355\"></span>porair<span class=\"__7 _355\"></span>es entr<span class=\"__7 _355\"></span>e la va<span class=\"__7 _355\"></span>leur comp<span class=\"__7 _355\"></span>table des<span class=\"__7 _355\"></span> actifs et p<span class=\"__7 _355\"></span>assifs in<span class=\"__7 _355\"></span>scrits au bil<span class=\"__7 _355\"></span>an et leur b<span class=\"__7 _355\"></span>ase fisc<span class=\"__7 _355\"></span>ale et au titr<span class=\"__7 _355\"></span>e du re<span class=\"__7 _355\"></span>por<span class=\"__7 _359\"></span>t de pertes fi<span class=\"__7 _355\"></span>scales<span class=\"__7 _355\"></span> non utilis<span class=\"__7 _355\"></span>\u00e9es.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>\u2019imp\u00f4t diff\u00e9r<span class=\"__7 _355\"></span>\u00e9 n\u2019<span class=\"__7 _c7\"></span>est pas com<span class=\"__7 _355\"></span>ptab<span class=\"__7 _355\"></span>ilis\u00e9 lorsq<span class=\"__7 _355\"></span>ue les diff\u00e9ren<span class=\"__7 _355\"></span>ces tem<span class=\"__7 _355\"></span>porair<span class=\"__7 _355\"></span>es pro<span class=\"__7 _355\"></span>viennen<span class=\"__7 _355\"></span>t d\u2019un goodwill non d\u00e9duc<span class=\"__7 _355\"></span>tible fiscalem<span class=\"__7 _355\"></span>ent, de la com<span class=\"__7 _355\"></span>pta<span class=\"__7 _355\"></span>bilisati<span class=\"__7 _355\"></span>on initiale d\u2019<span class=\"__7 _358\"></span>\u00e9l\u00e9ment<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _355\"></span>actifs ou de passifs r<span class=\"__7 _355\"></span>ela<span class=\"__7 _355\"></span>tifs \u00e0 une tra<span class=\"__7 _355\"></span>nsacti<span class=\"__7 _355\"></span>on qui n\u2019<span class=\"__7 _358\"></span>est pa<span class=\"__7 _355\"></span>s un regr<span class=\"__7 _355\"></span>oupemen<span class=\"__7 _355\"></span>t d\u2019<span class=\"__7 _361\"></span>entr<span class=\"__7 _355\"></span>eprise<span class=\"__7 _355\"></span>s et n\u2019<span class=\"__7 _361\"></span>affec<span class=\"__7 _355\"></span>te ni le b\u00e9n\u00e9fic<span class=\"__7 _355\"></span>e compt<span class=\"__7 _355\"></span>able, ni le b\u00e9n\u00e9<span class=\"__7 _355\"></span>fice imposa<span class=\"__7 _355\"></span>ble au momen<span class=\"__7 _355\"></span>t de la tra<span class=\"__7 _355\"></span>nsac<span class=\"__7 _355\"></span>tion, ou d\u2019inves<span class=\"__7 _355\"></span>tis<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>semen<span class=\"__7 _355\"></span>ts dan<span class=\"__7 _355\"></span>s des filia<span class=\"__7 _355\"></span>les tan<span class=\"__7 _355\"></span>t qu\u2019il est pr<span class=\"__7 _355\"></span>obable que l<span class=\"__7 _355\"></span>a dif<span class=\"__7 _359\"></span>f\u00e9r<span class=\"__7 _355\"></span>ence t<span class=\"__7 _355\"></span>emporair<span class=\"__7 _355\"></span>e ne s\u2019inver<span class=\"__7 _355\"></span>sera pas d<span class=\"__7 _355\"></span>ans un a<span class=\"__7 _355\"></span>venir pr<span class=\"__7 _355\"></span>\u00e9visible<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>Des imp\u00f4<span class=\"__7 _355\"></span>ts diff\u00e9r<span class=\"__7 _355\"></span>\u00e9s sur les pertes fi<span class=\"__7 _355\"></span>scale<span class=\"__7 _355\"></span>s non utilis\u00e9es n<span class=\"__7 _355\"></span>e sont r<span class=\"__7 _355\"></span>econnu<span class=\"__7 _355\"></span>s que pour auta<span class=\"__7 _355\"></span>nt que des b\u00e9n\u00e9<span class=\"__7 _355\"></span>fices im<span class=\"__7 _355\"></span>posables so<span class=\"__7 _355\"></span>ient su<span class=\"__7 _355\"></span>sceptible<span class=\"__7 _355\"></span>s d\u2019<span class=\"__7 _361\"></span>\u00eatr<span class=\"__7 _355\"></span>e r\u00e9ali<span class=\"__7 _355\"></span>s\u00e9s, perme<span class=\"__7 _355\"></span>ttan<span class=\"__7 _355\"></span>t ainsi d\u2019utilis<span class=\"__7 _355\"></span>er lesdit<span class=\"__7 _355\"></span>es pertes.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es imp\u00f4<span class=\"__7 _355\"></span>ts sont c<span class=\"__7 _355\"></span>alcul\u00e9s a<span class=\"__7 _355\"></span>ux taux d\u2019impositi<span class=\"__7 _355\"></span>on qui ont \u00e9t<span class=\"__7 _355\"></span>\u00e9 adopt<span class=\"__7 _355\"></span>\u00e9s \u00e0 la da<span class=\"__7 _355\"></span>te de cl\u00f4t<span class=\"__7 _355\"></span>ure<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-331": {
   "value": "Pr<span class=\"__7 _355\"></span>oduits e<span class=\"__7 _355\"></span>t charge<span class=\"__7 _355\"></span>s<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es prod<span class=\"__7 _355\"></span>uits et charge<span class=\"__7 _355\"></span>s sont comp<span class=\"__7 _355\"></span>tabili<span class=\"__7 _355\"></span>s\u00e9s comme suit<span class=\"__7 gs8_2\"> </span>:<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _356\"></span>L<span class=\"__7 _355\"></span>es dividendes son<span class=\"__7 _355\"></span>t compt<span class=\"__7 _355\"></span>abilis\u00e9<span class=\"__7 _355\"></span>s en <span class=\"__7 _359\"></span>mon<span class=\"__7 _355\"></span>tan<span class=\"__7 _355\"></span>t brut <span class=\"__7 _359\"></span>dan<span class=\"__7 _355\"></span>s le compt<span class=\"__7 _355\"></span>e de <span class=\"__7 _359\"></span>r\u00e9<span class=\"__7 _355\"></span>sultat ;<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _356\"></span>L<span class=\"__7 _355\"></span>es produit<span class=\"__7 _355\"></span>s d\u2019int\u00e9r<span class=\"__7 _355\"></span>\u00eats son<span class=\"__7 _355\"></span>t <span class=\"__7 _359\"></span>enr<span class=\"__7 _355\"></span>egistr\u00e9<span class=\"__7 _355\"></span>s lorsqu\u2019ils son<span class=\"__7 _355\"></span>t acquis\u202f<span class=\"__7 gs8_2\"> </span>; \u2022 <span class=\"__7 _356\"></span>L<span class=\"__7 _355\"></span>es char<span class=\"__7 _355\"></span>ges d\u2019int<span class=\"__7 _355\"></span>\u00e9r\u00eats son<span class=\"__7 _355\"></span>t enregis<span class=\"__7 _355\"></span>tr\u00e9es d\u00e8s qu\u2019<span class=\"__7 _c7\"></span>elles sont encou<span class=\"__7 _355\"></span>rues<span class=\"__7 gs8_2\"> </span>; \u2022 <span class=\"__7 _359\"></span>L<span class=\"__7 _355\"></span>es r\u00e9<span class=\"__7 _355\"></span>sultats sur a<span class=\"__7 _355\"></span>ctifs non cour<span class=\"__7 _355\"></span>an<span class=\"__7 _355\"></span>ts et les r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>ts sur actifs co<span class=\"__7 _355\"></span>uran<span class=\"__7 _355\"></span>ts son<span class=\"__7 _355\"></span>t comp<span class=\"__7 _355\"></span>tabilis\u00e9<span class=\"__7 _355\"></span>s \u00e0 la dat<span class=\"__7 _355\"></span>e de <span class=\"__7 _359\"></span>la tra<span class=\"__7 _355\"></span>nsacti<span class=\"__7 _355\"></span>on qui <span class=\"__7 _359\"></span>les a g\u00e9n\u00e9r<span class=\"__7 _355\"></span>\u00e9s<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _356\"></span>L<span class=\"__7 _355\"></span>es autre<span class=\"__7 _355\"></span>s produits et ch<span class=\"__7 _355\"></span>arges son<span class=\"__7 _355\"></span>t compt<span class=\"__7 _355\"></span>abilis\u00e9<span class=\"__7 _355\"></span>s au moment de la tra<span class=\"__7 _355\"></span>nsacti<span class=\"__7 _355\"></span>on<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span>\u2022 So<span class=\"__7 _355\"></span>fina SA fournit de<span class=\"__7 _355\"></span>s ser<span class=\"__7 _359\"></span>vice<span class=\"__7 _355\"></span>s de gestion d\u2019inv<span class=\"__7 _355\"></span>estissem<span class=\"__7 _355\"></span>ents a<span class=\"__7 _355\"></span>ux filiales non c<span class=\"__7 _355\"></span>onsolid\u00e9e<span class=\"__7 _355\"></span>s. Chaque obliga<span class=\"__7 _355\"></span>tion de pr<span class=\"__7 _355\"></span>esta<span class=\"__7 _355\"></span>tion qui en d\u00e9co<span class=\"__7 _355\"></span>ule ress<span class=\"__7 _355\"></span>or<span class=\"__7 _359\"></span>t d\u2019un con<span class=\"__7 _355\"></span>tra<span class=\"__7 _355\"></span>t de service et le r<span class=\"__7 _355\"></span>evenu y<span class=\"__7 _355\"></span> rel<span class=\"__7 _355\"></span>atif es<span class=\"__7 _355\"></span>t reconnu a<span class=\"__7 _355\"></span>u fur et \u00e0 me<span class=\"__7 _355\"></span>sure que l\u2019<span class=\"__7 _358\"></span>obligati<span class=\"__7 _355\"></span>on de pres<span class=\"__7 _355\"></span>tation e<span class=\"__7 _355\"></span>st satisf<span class=\"__7 _355\"></span>aite (sur la du<span class=\"__7 _355\"></span>r\u00e9e du con<span class=\"__7 _355\"></span>tra<span class=\"__7 _355\"></span>t). L<span class=\"__7 _355\"></span>es services f<span class=\"__7 _355\"></span>ournis par le<span class=\"__7 _355\"></span>s filiales n<span class=\"__7 _355\"></span>on consoli<span class=\"__7 _355\"></span>d\u00e9es \u00e0 Sofina SA son<span class=\"__7 _355\"></span>t trait<span class=\"__7 _355\"></span>\u00e9s de la m\u00eame ma<span class=\"__7 _355\"></span>ni\u00e8re<span class=\"__7 gs8_2\"> </span>;<span class=\"__7 _357\"> </span>\u2022 <span class=\"__7 _364\"></span>L<span class=\"__7 _355\"></span>es re<span class=\"__7 _355\"></span>venus e<span class=\"__7 _355\"></span>t plus-v<span class=\"__7 _355\"></span>alues brut<span class=\"__7 _355\"></span>s des participa<span class=\"__7 _355\"></span>tions \u00e9<span class=\"__7 _355\"></span>tran<span class=\"__7 _355\"></span>g\u00e8res n<span class=\"__7 _355\"></span>on consolid\u00e9<span class=\"__7 _355\"></span>es sont c<span class=\"__7 _355\"></span>omp<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>tab<span class=\"__7 _355\"></span>ilis\u00e9es da<span class=\"__7 _355\"></span>ns le com<span class=\"__7 _355\"></span>pte de r<span class=\"__7 _355\"></span>\u00e9sulta<span class=\"__7 _355\"></span>t<span class=\"__7 _357\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-332": {
   "value": "Prin<span class=\"__7 _355\"></span>cipaux jugemen<span class=\"__7 _355\"></span>ts com<span class=\"__7 _355\"></span>ptable<span class=\"__7 _355\"></span>s et principale<span class=\"__7 _355\"></span>s sourc<span class=\"__7 _355\"></span>es d\u2019incertitude da<span class=\"__7 _355\"></span>ns les estim<span class=\"__7 _355\"></span>ation<span class=\"__7 _355\"></span>s comp<span class=\"__7 _355\"></span>tables<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es principa<span class=\"__7 _355\"></span>les estim<span class=\"__7 _355\"></span>ation<span class=\"__7 _355\"></span>s compt<span class=\"__7 _355\"></span>ables con<span class=\"__7 _355\"></span>cernent l<span class=\"__7 _355\"></span>a valorisa<span class=\"__7 _355\"></span>tion du porte<span class=\"__7 _355\"></span>feuille d\u2019inv<span class=\"__7 _355\"></span>estis<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>semen<span class=\"__7 _355\"></span>t<span class=\"__7 gs8_2\"> </span><span class=\"__7 _356\"></span>: <span class=\"__7 _364\"></span>les <span class=\"__7 _356\"></span>hypoth<span class=\"__7 _355\"></span>\u00e8ses <span class=\"__7 _356\"></span>et <span class=\"__7 _356\"></span>jugemen<span class=\"__7 _355\"></span>ts <span class=\"__7 _356\"></span>significatifs <span class=\"__7 _356\"></span>son<span class=\"__7 _355\"></span>t <span class=\"__7 _364\"></span>discut<span class=\"__7 _355\"></span>\u00e9s <span class=\"__7 _356\"></span>dans <span class=\"__7 _356\"></span>l\u2019<span class=\"__7 _361\"></span>annex<span class=\"__7 _355\"></span>e <span class=\"__7 _364\"></span>r<span class=\"__7 _355\"></span>elativ<span class=\"__7 _355\"></span>e <span class=\"__7 _364\"></span>\u00e0 <span class=\"__7 _364\"></span>la ju<span class=\"__7 _355\"></span>ste v<span class=\"__7 _355\"></span>aleur du porte<span class=\"__7 _355\"></span>feuille so<span class=\"__7 _355\"></span>us le poin<span class=\"__7 _355\"></span>t 2.4 ci-dessus<span class=\"__7 _355\"></span>.<span class=\"__7 _357\"> </span>L<span class=\"__7 _355\"></span>es j<span class=\"__7 _355\"></span>ugements signifi<span class=\"__7 _355\"></span>catifs po<span class=\"__7 _355\"></span>s\u00e9s par So<span class=\"__7 _355\"></span>fina dan<span class=\"__7 _355\"></span>s la d\u00e9termin<span class=\"__7 _355\"></span>ation de son s<span class=\"__7 _355\"></span>tatut d\u2019<span class=\"__7 _355\"></span>En<span class=\"__7 _355\"></span>tit\u00e9 d\u2019<span class=\"__7 _355\"></span>In<span class=\"__7 _359\"></span><span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>ve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t son<span class=\"__7 _355\"></span>t rela<span class=\"__7 _355\"></span>tifs \u00e0 l\u2019<span class=\"__7 _355\"></span>appr\u00e9<span class=\"__7 _355\"></span>ciation de l\u2019<span class=\"__7 _c7\"></span>existen<span class=\"__7 _355\"></span>ce d\u2019une str<span class=\"__7 _355\"></span>at<span class=\"__7 _355\"></span>\u00e9gie de d\u00e9sinve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t sur les inv<span class=\"__7 _355\"></span>estiss<span class=\"__7 _355\"></span>ements en porte<span class=\"__7 _355\"></span>feuille<span class=\"__7 _355\"></span>, ainsi qu\u2019<span class=\"__7 _361\"></span>\u00e0 l\u2019<span class=\"__7 _355\"></span>appr<span class=\"__7 _355\"></span>\u00e9ciation de c<span class=\"__7 _355\"></span>ette str<span class=\"__7 _355\"></span>at<span class=\"__7 _355\"></span>\u00e9gie de d\u00e9sin<span class=\"ls2_7 ws0_7\">-<span class=\"__7 _357\"> </span></span>ve<span class=\"__7 _355\"></span>stissemen<span class=\"__7 _355\"></span>t sur les inv<span class=\"__7 _355\"></span>estissem<span class=\"__7 _355\"></span>ents d\u00e9<span class=\"__7 _355\"></span>tenus p<span class=\"__7 _355\"></span>ar les filia<span class=\"__7 _355\"></span>les plut\u00f4<span class=\"__7 _355\"></span>t que sur les pa<span class=\"__7 _355\"></span>r<span class=\"__7 _359\"></span>ticipa<span class=\"__7 _355\"></span>tions<span class=\"__7 _355\"></span> direc<span class=\"__7 _355\"></span>tes da<span class=\"__7 _355\"></span>ns ce<span class=\"__7 _355\"></span>s filiales<span class=\"__7 _355\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "fr",
    "entity": "scheme:5493000GMVR38VUO5D39",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  }
 }
}