Notes to the Consolidated Financial Statements

14. Investments in associates and joint ventures
               
MEUR           2011 2010
Carrying amount at 1 January           65 56
Acquired shares           16  
Share of result           8 5
Dividends           -2 -1
Changes in exchange rates           1 4
Carrying amount at 31 December         87 65
               
Summary of financial information (100%):
               
2011              
MEUR Holding % Assets Equity Liabilities Net sales Profit for the financial period
Wärtsilä Qiyao Diesel Company Ltd. China 50.0 44 22 22 53 7
Wärtsilä Hyundai Engine Co Ltd. Korea 50.0 206 60 146 60 1
Wärtsilä TMH Diesel Engine Company LLC Russia 50.0 9 9      
Repropel Sociedad de reparacao de helices Portugal 50.0 1 1   1  
Wärtsilä Land & Sea Academy, Inc. Philippines 40.0   -2 2 1  
MW Power Oy Finland 40.0 89 24 65 102 6
Cosco-Shipyard Total Automation Co Ltd. China 40.0 4 2 2 4  
Neptun Maritime AS Norway 40.0   1   2  
Qingdao Qiyao Wärtsilä MHI Linshan Marine Diesel Co Ltd. China 33.8 229 69 161 85  
WD Power Investment Ky Finland 21.7 2 2      
               
2010              
MEUR Holding % Assets Equity Liabilities Net sales Profit for the financial period
Wärtsilä Qiyao Diesel Company Ltd. China 50.0 29 14 15 28 2
Wärtsilä Hyundai Engine Co Ltd. Korea 50.0 153 59 94 89 6
Repropel Sociedad de reparacao de helices Portugal 50.0 1 1   1  
Wärtsilä Land & Sea Academy, Inc. Philippines 40.0   -1 1 1  
MW Power Oy Finland 40.0 135 36 98 111 7
Cosco-Shipyard Total Automation Co Ltd. China 40.0 4 2 2 4  
Neptun Maritime AS Norway 40.0 1   1 1  
El-Design AS Norway 37.0 1 1      
Qingdao Qiyao Wärtsilä MHI Linshan Marine Diesel Co Ltd. China 27.0 208 40 168 58 -3
AWEK Industrial Patents Ltd. Oy Finland 25.0 1     3  
WD Power Investment Ky Finland 21.7 1 1      
               
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