Annual Report - EDP

notes to the consolidated EDP - and Energias company de Portugal, financial S.A. statementsfor the years ended 31 december 2012 and 2011Notes to the Consolidated and Company Financial Statementsfor the years ended 31 December 2012 and 2011In 2012, the movements in Available for sale investments are analysed as follows:Change inBalance at fair value Other Balance atThousands of Euros 1 January Acquisitions Disposals Impairment reserve variations 31 DecemberBanco Comercial Português19,665 10,031 - -5,495 5,452 - 29,653REN - Redes Energéticas Nacionais39,361 - - - -953 - 38,408Tejo Energia29,507 - - - -3,261 - 26,246Others 82,780 12,701 -1,126 -3,833 1,451 -4,982 86,991171,313 22,732 -1,126 -9,328 2,689 -4,982 181,298In 2011, the movements in Available for sale investments are analysed as follows:Change inBalance at fair value Other Balance atThousands of Euros 1 January Acquisitions Disposals Impairment reserve variations 31 DecemberAmpla Energia e ServiçosAmpla Investimentos e ServiçosBanco Comercial PortuguêsREN - Redes Energéticas Nacionais181,221 - -68,939 - -112,282 - -23,191 - -5,575 - -17,616 - -72,901 5,726 -1,111 -57,851 - - 19,66548,220 - - - -8,859 - 39,36125,253 - - - 4,254 - 29,507Tejo EnergiaOthers 93,179 9,952 -12,319 -5,584 -5,014 2,566 82,780443,965 15,678 -87,944 -63,435 -139,517 2,566 171,313The financial investments held in Ampla Energia e Serviços, S.A. and Ampla Investimentos e Serviços, S.A., were sold during 2011 and resulted in a capital gain of9,983 thousands of Euros (see note 14).Available for sale investments are booked at fair value being the changes since the date of acquisition net of impairment losses recorded against fair value reserves(see note 32). The fair value reserve attributable to the Group as at 31 December 2012 and 2011 is analysed as follows:Thousands of Euros Dec 2012 Dec 2011Banco Comercial Português, S.A. 5,452 -REN - Redes Energéticas Nacionais, SGPS, S.A 12,588 13,541Tejo Energia, S.A. 19,891 23,152Others 7,419 6,31945,350 43,012In addition in 2012, the variation in fair value reserve of available for sale investments includes the amount of 351 thousands of Euros attributable to non-controllinginterests.212A World Full Of Energy