Varma

Annual Report 2014

VARMA_tilinpaatos
Notes to the balance sheet
10. Investments at fair value and valuation differences, Parent Company
RemainingRemaining
acquisitionBookFairacquisitionBookFair
costvaluevaluecostvaluevalue
31 Dec., € million201420142014201320132013
Real-estate investments
Real estate406.8422.9536.2469.2485.4638.2
Shares in Group companies1,404.81,404.82,000.31,505.61,505.62,125.8
Other real estate shares25.925.930.326.826.830.6
Loans to Group companies759.7759.7759.7856.3856.3856.3
Loans to real estate companies62.862.862.893.093.093.0
Investments in Group companies
Shares and participations4.34.34.34.34.34.3
Investments in associates
Shares and participations352.1352.1502.9248.5248.5468.8
Other investments
Shares and participations18,204.518,204.525,126.515,374.615,374.620,581.3
Money-market instruments8,092.68,092.68,884.39,911.59,911.510,258.2
Loans guaranteed by mortgages309.6309.6309.6362.6362.6362.6
Other loan receivables1,210.91,210.91,213.21,599.71,599.71,600.2
30,833.830,850.039,430.030,452.030,468.237,019.3
The remaining acquisition cost of money-market instruments includes:
The difference between the nominal value and acquisition cost, released (+) or charged (-) to interest income-89.3-132.7
Book value includes
Revaluations entered as income16.216.2
Valuation difference (difference between fair value and book value)8,227.86,641.0