Varma

Annual Report 2014

VARMA_tilinpaatos
11. Investments at fair value and valuation differences, Group
RemainingRemaining
acquisitionBookFairacquisitionBookFair
costvaluevaluecostvaluevalue
31 Dec., € million201420142014201320132013
Real-estate investments
Real estate2,537.82,554.03,341.22,829.82,845.93,765.2
Other real estate shares25.925.930.326.826.830.6
Investments in Group companies
Shares and participations0.80.80.90.80.80.9
Investments in associates
Shares and participations477.2477.2502.9301.1301.1468.8
Other investments
Shares and participations18,220.618,220.625,142.715,390.715,390.720,597.4
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
30,875.430,891.539,425.030,423.030,439.137,084.0
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)8,533.56,644.9