15. Other non-current assets
Other non-current assets consisted of non-current restricted cash, financial assets held at fair value through profit or loss, and other non-current assets.
|
31 December |
|
|---|---|---|
(thousands of €) |
2019 |
2018 |
Non-current restricted cash |
1,418 |
1,276 |
Financial assets held at fair value through profit or loss |
11,275 |
6,000 |
Other non-current assets |
1,399 |
643 |
Total other non-current assets |
14,091 |
7,919 |
Restricted cash on 31 December 2019 was composed of bank guarantees on real estate lease obligations in Belgium and in the Netherlands for €0.9 million and €0.5 million respectively.
Financial assets held at fair value through profit or loss consisted of equity instruments of listed companies. We have no restrictions on the sale of these equity instruments and the assets are not pledged under any of our liabilities. These instruments are designated as financial assets held at fair value through profit or loss which qualify for level 1 fair value measurement based upon the closing price of such securities on Euronext at each reporting date.
Fair value changes on financial assets with fair value through profit or loss are recognized in other financial income/other financial expenses.
The table below illustrates these financial assets held at fair value through profit or loss as at 31 December 2019 and 2018.
|
31 December |
|
|---|---|---|
(thousands of €) |
2019 |
2018 |
Cost at 1 January |
4,818 |
2,373 |
Acquisitions of the year |
– |
4,736 |
Disposals of the year |
(82) |
(2,291) |
Cost at 31 December |
4,736 |
4,818 |
|
|
|
Fair value adjustment at 1 January |
1,182 |
(619) |
Cancellation of fair value adjustment following disposal |
2 |
598 |
Fair value adjustment of the year |
5,355 |
1,203 |
Fair value adjustment at 31 December |
6,539 |
1,182 |
Net book value at 31 December |
11,275 |
6,000 |