| Notes to the income statement | |||||
| 1 Other operating income | |||||
| EURm | 2013 | 2012 | |||
| Income from property occupied for own activities | 0 | 0 | |||
| Other | 15 | 15 | |||
| Total | 15 | 15 | |||
| 2 Other operating expenses | |||||
| EURm | 2013 | 2012 | |||
| Rental expenses | -1 | -1 | |||
| Expense on property occupied for own activities | -0 | -0 | |||
| Other | -10 | -12 | |||
| Total | -12 | -13 | |||
| Item Other includes e.g. administration and IT expenses and fees for external services. | |||||
| 3 Auditors' fees | |||||
| EURm | 2013 | 2012 | |||
| Authorised Public Accountants Ernst & Young Oy | |||||
| Auditing fees | -0 | -0 | |||
| Other fees | -0 | -0 | |||
| Total | -0 | -0 | |||
| 4 Financial income and expense | |||||
| EURm | 2013 | 2012 | |||
| Received dividends in total | 878 | 773 | |||
| Interest income in total | 61 | 69 | |||
| Interest expense in total | -97 | -124 | |||
| Gains on disposal in total | 6 | 3 | |||
| Losses on disposal in total | -0 | -1 | |||
| Exchange result | 20 | 6 | |||
| Other | -16 | 27 | |||
| Total | 852 | 753 | |||
| Notes to the assets | ||||||
| 5 Property, plant and equipment | ||||||
| 2013 | 2012 | |||||
| EURm | Land and buildings | Other | Land and buildings | Other | ||
| Cost at beginning of year | 1 | 4 | 1 | 4 | ||
| Additions | - | 0 | - | 0 | ||
| Disposals | - | - | - | -0 | ||
| Accumulated depreciation at beginning of year | - | -1 | - | -1 | ||
| Depreciation according to plan during the financial year | -0 | -0 | -0 | -0 | ||
| Carrying amount at end of year | 1 | 3 | 1 | 3 | ||
| 6 Receivables from Group companies | ||||||
| EURm | 2013 | 2012 | ||||
| Cost at beginning of year | 225 | 223 | ||||
| Additions | 101 | 13 | ||||
| Disposals | -5 | -11 | ||||
| Carrying amount at end of year | 321 | 225 | ||||
| Receivables are subordinated loans issued by subsidiaries. More information in the consolidated note 29 Financial liabilities. | ||||||
| 7 Other shares and participations | ||||||
| 2013 | Fair value changes | 2012 | Fair value changes | |||
| EURm | Fair value | Recognised in p/l | Recognised in fair value reserve | Fair value | Recognised in p/l | Recognised in fair value reserve |
| Avalaible-for-sale equity securities | 28 | 4 | -4 | 24 | 2 | 0 |
| Changes in property shares | ||||||
| EURm | 2013 | 2012 | ||||
| Cost at beginning of year | 4 | 4 | ||||
| Disposals | -4 | -0 | ||||
| Carrying amount at end of year | 0 | 4 | ||||
| Difference between current cost and carrying amount | 0 | 0 | ||||
| 8 Other investment receivables | ||||||
| 2013 | Fair value changes | 2012 | Fair value changes | |||
| EURm | Fair value | Recognised in p/l | Recognised in fair value reserve | Fair value | Recognised in p/l | Recognised in fair value reserve |
| Market money | 350 | 0 | -0 | 350 | 2 | 1 |
| Bonds | 39 | 0 | 4 | 0 | 0 | 2 |
| Total | 388 | 0 | 4 | 350 | 3 | 3 |
| 9 Other receivables | ||||||
| EURm | 2013 | 2012 | ||||
| Trading receivables | 7 | 0 | ||||
| Derivatives | 6 | 7 | ||||
| Other | 4 | 4 | ||||
| Total | 17 | 11 | ||||
| 10 Prepayments and accrued income | ||||||
| EURm | 2013 | 2012 | ||||
| Accrued interest | 36 | 36 | ||||
| Derivatives | 35 | 52 | ||||
| Other | 0 | 1 | ||||
| Total | 71 | 89 | ||||
| Notes to the liabilities | ||||||
| 11 Movements in the parent company's equity | ||||||
| Restricted equity | Unrestricted equity | |||||
| EURm | Share capital | Fair value reserve | Invested unrestricted capital | Other reserves | Retained earnings | Total |
| Carrying amoun at 1 Jan. 2012 | 98 | 2 | 1,527 | 273 | 4,824 | 6,724 |
| Dividends | -672 | -672 | ||||
| Recognition of undrawn dividends | 6 | 6 | ||||
| Financial assets available-for-sale | ||||||
| -recognised in equity | -0 | -0 | ||||
| -recognised in p/l | -1 | -1 | ||||
| Profit for the year | 737 | 737 | ||||
| Carrying amount at 31 Dec. 2012 | 98 | 0 | 1,527 | 273 | 4,895 | 6,793 |
| Restricted equity | Unrestricted equity | |||||
| EURm | Share capital | Fair value reserve | Invested unrestricted capital | Other reserves | Retained earnings | Total |
| Carrying amount at 1 Jan. 2013 | 98 | 0 | 1,527 | 273 | 4,895 | 6,793 |
| Dividends | -756 | -756 | ||||
| Recognition of undrawn dividends | 7 | 7 | ||||
| Financial assets available-for-sale | ||||||
| -recognised in equity | -0 | -0 | ||||
| -recognised in p/l | 3 | 3 | ||||
| Profit for the year | 0 | |||||
| Carrying amount at 31 Dec. 2013 | 829 | 829 | ||||
| Kirjanpitoarvo 31.12.2013 | 98 | 4 | 1,527 | 273 | 4,976 | 6,877 |
| Distributable assets | ||||||
| EURm | 2013 | 2012 | ||||
| Parent company | ||||||
| Profit for the year | 829 | 737 | ||||
| Retained earnings | 4,146 | 4,158 | ||||
| Invested unrestricted capital | 1,527 | 1,527 | ||||
| Other reserves | 273 | 273 | ||||
| Total | 6,775 | 6,695 | ||||
| 12 Share capital | ||||||
| Information on share capital is disclosed in Note 34 in the consolidated financial statements. | ||||||
| 13 Other liabilities | ||||||
| EURm | 2013 | 2012 | ||||
| Unredeemed dividends | 26 | 24 | ||||
| Derivatives | 7 | 9 | ||||
| Guarantees for derivate contracts | 47 | 78 | ||||
| Other | 0 | 0 | ||||
| Total | 81 | 111 | ||||
| 14 Accruals and deferred income | ||||||
| EURm | 2013 | 2012 | ||||
| Deferred interest | 34 | 34 | ||||
| Derivatives | 10 | 11 | ||||
| Other | 21 | 15 | ||||
| Total | 66 | 60 | ||||
| Notes to the income taxes | |||||
| 15 Deferred tax assets and liabilities | |||||
| EURm | 2013 | 2012 | |||
| Deferred tax assets | |||||
| Losses | 15 | 18 | |||
| Timing differences | 0 | 0 | |||
| Fair value reserve | 0 | 0 | |||
| Total | 15 | 18 | |||
| Deferred tax liabilities | |||||
| Timing differences | 0 | -0 | |||
| Fair value reserve | -1 | -0 | |||
| Total | -1 | -0 | |||
| Total, net | 14 | 18 | |||
| Notes to the liabilities and commitments | |||||
| 16 Pension liabilities | |||||
| The basic and suplementary pension insurance of Sampo plc's staff is handled through insurances in Varma Mutual Insurance Company and in Mandatum Life Insurance Company Limited. | |||||
| 17 Future rental commitments | |||||
| EURm | 2013 | 2012 | |||
| Not more than one year | 1 | 1 | |||
| Over one year but not more than five years | 2 | 3 | |||
| Total | 3 | 4 | |||
| 18 Off-balance sheet items | |||||
| EURm | 2013 | 2012 | |||
| Underwriting commitments | 1 | 1 | |||
| Off-balance sheet items total | 1 | 1 | |||
| To or on behalf of Group companies | - | - | |||
| To or on behalf of associates | - | - | |||
| Notes to the staff and management | ||||||
| 19 Staff numbers | ||||||
| EURm | 2013 Average during the year |
2012 Average during the year |
||||
| Full-time staff | 51 | 51 | ||||
| Part-time staff | 2 | 2 | ||||
| Temporary staff | 3 | 3 | ||||
| Total | 56 | 55 | ||||
| 20 Management's remuneration and post-employment benefits | ||||||
| EUR thousand | 2013 | 2012 | ||||
| Managing Director | Kari Stadigh | 3,530 | 2,454 | |||
| Members of the Board of Directors | ||||||
| Björn Wahlroos | 160 | 160 | ||||
| Anne Brunila | 80 | 80 | ||||
| Jannica Fagerholm | 80 | - | ||||
| Adine Grate Axén | 80 | 80 | ||||
| Veli-Matti Mattila | 80 | 80 | ||||
| Eira Palin-Lehtonen | 80 | 80 | ||||
| Per Arthur Sørlie | 80 | 80 | ||||
| Matti Vuoria | 100 | 100 | ||||
| Pension liability | ||||||
| The retirement age of the Managing Director is 60 years, when the pension benefit is 60% of the pensionable salary. | ||||||
| 21 Pension contributions to the CEO, deputy CEO and the members of the board | ||||||
| EUR thousand | Supplementary pension costs | Statutory pension costs | Total | |||
| Pension contributions paid during the year | ||||||
| Chairman of the Board | - | - | - | |||
| Other Members of the Board | - | - | - | |||
| President/CEO 1) | 1,583 | 132 | 1,715 | |||
| Deputy CEO | - | - | - | |||
| Former Chairmen of the Board | ||||||
| Kalevi Keinänen 2) | 40 | - | 40 | |||
| Former Presidents/CEO:s | ||||||
| Harri Hollmen 3) | 86 | - | 86 | |||
| 1,709 | 132 | 1,841 | ||||
| 1) According to his current agreement the Group CEO is entitled to retire in December 2015 when he turns 60. The pension benefit is 60 per cent of his pensionable salary. The pensionable salary includes fixed salary, fringe benefits, holiday pay and short-term incentives and is calculated as an average of two out of the four last full years, where the best and the worst year are left out. To replace the defined benefit supplementary pension agreement stipulated in the service contract for the Group CEO currently in force, a new defined contribution pension agreement will be signed as of 1 January 2016. The annual cost of the agreement for Sampo will be 400,000 euros. | ||||||
| 2) Group pension agreement with a retirement age of 60 years and a pension benefit of 66 per cent of the pensionable TyEL-salary (TyEL: Employee's Pension Act). The supplementary cost pertains to a yearly index adjustement. | ||||||
| 3) Group pension agreement with a retirement age of 60 and a pension benefit of 60 per cent of the pensionable TyEL-salary. The supplementary cost pertains to a yearly index adjustement. | ||||||
| Notes to the shares held | ||||||
| 22 Shares held as of 31 Dec, 2013 | ||||||
| Company name | Percentage of share capital held *) | Carrying amount EURm | ||||
| Group undertakings | ||||||
| P&C insurance | ||||||
| If P&C Insurance Holding Ltd, Stockholm Sweden | 100 | 1,886 | ||||
| Life insurance | ||||||
| Mandatum Life Ltd, Helsinki Finland | 100 | 484 | ||||
| Other | ||||||
| Sampo Capital Oy, Helsinki Finland | 100 | 1 | ||||
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