Varma - Annual Report 2012

Notes to the balance sheet
10. Investments at fair value and valuation differences, Parent Company
RemainingRemaining
acquisitionBookFairacquisitionBookFair
costvaluevaluecostvaluevalue
31 Dec, € million201220122012201120112011
Real estate investments
Real estate477.3493.9678.4505.5522.1696.7
Shares in Group companies1,604.31,604.32,226.91,488.71,488.72,053.3
Other real estate shares27.927.931.029.729.732.8
Loans to Group companies982.6982.6982.6909.2909.2909.2
Loans to real estate companies47.047.047.0291.4291.4291.4
Investments in Group companies
Shares and participations4.34.34.34.34.34.3
Loan receivables
Investments in associates
Shares and participations185.5185.5364.5175.5175.5325.8
Other investments
Shares and participations12,541.812,541.816,043.911,081.911,081.913,410.9
Money-market instruments10,255.010,255.011,172.410,477.210,477.211,067.8
Loans guaranteed by mortgages439.5439.5439.5611.5611.5611.5
Other loan receivables1,935.81,935.81,937.52,248.92,248.92,250.1
Deposits65.065.065.0
Other investments-9.6-9.611.7-4.4-4.4-0.8
28,491.328,507.933,939.627,884.627,901.131,717.9
The remaining acquisition cost of money-market instruments includes:
The difference between the nominal value and acquisition cost, released (+) or charged (–) to interest income-161.4-106.7
Book value includes:
Revaluations entered as income16.616.6
Valuation difference (difference between fair value and book value)5,431.73,816.7