Notes to the Consolidated Financial Statements

15. Financial assets available-for-sale
           
Financial assets available-for-sale includes listed and unlisted shares. The listed shares are measured at fair value. For the unlisted other shares the fair value cannot be measured reliably, in which case the investment is carried at cost.
           
MEUR     2011 2010
Carrying amount at January 1     18 151
Acquired shares       5
Fair value adjustments     21 40
Changes in exchange rates       1
Decrease of shares       -179
Carrying amount at December 31     39 18
           
           
    2011 2010
MEUR Acquisition cost Market value Acquisition cost Market value
Listed shares (level 1)        
  Lyxor ETF MSCI Emerging Markets 2 2 2 2
Unlisted shares (level 3)        
  Sato Oyj 2 23 2 2
  Other shares 14 14 14 14
Total shares 18 39 18 18
           
In 2011, no shares were sold. In 2010, EUR 149 million gain was recognised in the consolidated statement of income, of which EUR 32 million is related to the sale of Sampo plc shares and EUR 117 million to the sale of Assa Abloy AB shares.
           
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