| 14 Investments in associates | ||||||
| Associates that have been accounted for by the equity method at 31 Dec. 2013 | ||||||
| EURm Name |
Carrying amount | Fair value*) | Interest held % | Assets/ liabilities | Revenue | Profit/loss |
| Nordea Bank Abp | 6,906 | 8,413 | 21.25 | 630 434 / 601 225 | 9,891 | 3,116 |
| Topdanmark A/S | 363 | 603 | 27.98 | 7 980 / 7 278 |
1,187 | 167 |
| Autovahinkokeskus Oy | 3 | 35.50 | 9 / 1 | 9 | 0 | |
| Consulting AB Lennemark & Andersson | 1 | 22.00 | 11 / 6 | 17 | 1 | |
| Urzus Group AS | 2 | 28.60 | 11 / 10 | 8 | -4 | |
| Svithun Assuranse AS (Norway) | 1 | 33.00 | 1 / 1 | 2 | 0 | |
| Watercircles Skandinavia AS (Norway) | 4 | 39.60 | 7 / 10 | 6 | -4 | |
| Associates that have been accounted for by the equity method at 31 Dec. 2012 | ||||||
| EURm Name |
Carrying amount | Fair value *) | Interest held % | Assets/ liabilities | Revenue | Profit/loss |
| Nordea Bank Abp | 6,687 | 6,226 | 21.25 | 668 178 / 640 173 | 9,998 | 3,126 |
| Topdanmark A/S | 352 | 512 | 25.44 | 8 291 / 7 612 |
1,253 | 178 |
| Autovahinkokeskus Oy | 3 | 35.54 | 9 / 1 | 8 | 1 | |
| Consulting AB Lennemark & Andersson | 1 | 21.98 | 16 /1 | 16 | 1 | |
| Urzus Group AS | 3 | 28.57 | 4 / -6 | 4 | -6 | |
| Svithun Assuranse AS (Norway) | 1 | 33.00 | 2 / 0 | 2 | 0 | |
| Watercircles Skandinavia AS (Norway) | 2 | 27.68 | 3 / -4 | 3 | -4 | |
| *) Published price quatation | ||||||
| Changes in investments in associates | ||||||
| EURm | 2013 | 2012 | ||||
| At beginning of year | 7,049 | 6,593 | ||||
| Share of loss/profit | 686 | 700 | ||||
| Additions | 3 | 3 | ||||
| Disposals | -293 | -224 | ||||
| Changes in the equity of associates | -128 | -21 | ||||
| Exchange differences | -36 | -1 | ||||
| At end of year | 7,282 | 7,049 | ||||
| At 31 Dec. 2013, the carrying amount of investments in associates included goodwill EURm 1,102 (1,100), including goodwill from the Nordea acquisition EURm 978 (978). | ||||||
| Sampo's holding in Nordea | ||||||
| Nordea is an universal bank with positions within corporate merchant banking as well as retail banking and private banking. With approximately 1,400 branches, call centers in all Nordic countries and an e-bank, Nordea also has a large distribution network for customers in the Nordic and Baltic sea region, including more than 260 branches in five new European markets, Russia, Poland, Lithuania, Latvia and Estonia. | ||||||
| Nordea was first conslidated as an associate company from 31 Dec. 2009 with Sampo's holding of 20.05 per cent. In the financial year 2013, Sampo's holding in Nordea was 21.25 per cent with the goodwill related to the acquisitions of EURm 978. | ||||||
| Sampo's share of Nordea's profit at 31 Dec. 2013: | ||||||
| EURm | ||||||
| Share of loss/profit of the associate | 662 | |||||
| Amortisation of the customer rlations | -35 | |||||
| Change in deferred tax | 8 | |||||
| Share of the loss/profit of an associate | 635 | |||||
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