|Millions of euro|
|at Dec. 31, 2020||at Dec. 31, 2019||Change|
|Securities at FVOCI||408||416||(8)||-1.9%|
|Other financial assets||2,337||2,769||(432)||-15.6%|
Securities measured at FVOCI represent financial instruments in which the Dutch insurance companies invest a portion of their liquidity.
The reduction in “other financial assets” is mainly attributable to:
- €354 million in respect of the impairment loss on the receivable due to Enel Produzione from EP Slovakia BV relating to the sale of 50% of its investment in Slovak Power Holding BV;
- €93 million in respect of the reclassification, from of medium- and long-term financial assets to short-term financial assets and securities, of the current portion of the amount due to e-distribuzione from the Energy and Environmental Services Fund (€56 million) and the amount due to the same company related to reimbursement of the extraordinary costs incurred by distributors for the early replacement of electromechanical meters with electronic devices (€37 million).