Varma

11. Investments at fair value and valuation differences, Group
RemainingRemaining
acquisitionBookFairacquisitionBookFair
costvaluevaluecostvaluevalue
31 Dec, € million201320132013201220122012
Real-estate investments
Real estate2,829.82,845.93,765.23,020.73,037.33,987.9
Other real estate shares26.826.830.627.927.931.0
Loans to real estate companies
Investments in Group companies
Shares and participations0.80.80.90.70.70.9
Investments in associates
Shares and participations301.1301.1468.8217.3217.3364.5
Other investments
Shares and participations15,390.715,390.720,597.412,562.512,562.516,059.0
Money-market instruments9,911.59,911.510,258.210,277.210,277.211,172.4
Loans guaranteed by mortgages362.6362.6362.6439.5439.5439.5
Other loan receivables1,599.71,599.71,600.21,935.81,935.81,937.5
30,423.030,439.137,084.028,481.528,498.133,992.6
The remaining acquisition cost of money-market instruments includes:
The difference between the nominal value and acquisition cost, released (+) or charged (-) to interest income-132.7-161.4
Book value includes
Revaluations entered as income16.216.6
Valuation difference (difference between fair value and book value)6,644.95,494.5