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Notes to the Group’s Financial Statements

14 Investment in associates
Associates that have been accounted for by the equity method at 31 Dec. 2014
EURm

Name
Domicile Carrying amount Fair
value*)
Interest
held %
Nordea Bank Abp Sweden 7,065 8,325 21.25
Topdanmark A/S Denmark 371 846 30.41
Autovahinkokeskus Oy Finland 3 35.54
CAP Group AB Sweden 2 21.98
Urzus Group AS Norway 2 28.57
Svithun Assuranse AS (Norway) Norway 1 33.00
Watercircles Skandinavia AS (Norway) Norway 3 39.57
Contemi Holding AS Norway 0 28.57
Associates that have been accounted for by the equity method at 31 Dec. 2013
EURm

Name
Domicile Carrying amount Fair
value*)
Interest
held %
Nordea Bank Abp Sweden 6,906 8,413 21.25
Topdanmark A/S Denmark 363 603 27.98
Autovahinkokeskus Oy Finland 3 35.50
Consulting AB Lennemark & Andersson Sweden 1 22.00
Urzus Group AS Norway 2 28.60
Svithun Assuranse AS (Norway) Norway 1 33.00
Watercircles Skandinavia AS (Norway) Norway 4 39.60
*) Published price quatation
Changes in investments in associates
2014 2013
EURm Nordea Other associates Total Nordea Other associates Total
At beginning of year 6,906 375 7,282 6,687 362 7,049
Share of loss/profit 680 54 735 635 51 686
Additions - - 0 - 3 3
Disposals -370 -0 -370 -293 -0 -293
Changes in the equity of associates -151 -47 -198 -123 -4 -128
Exchange differences - -1 -1 - -36 -36
At end of year 7,065 382 7,447 6,906 375 7,282
At 31 Dec. 2014, the carrying amount of investments in associates included goodwill EURm 1,101 (1,102), 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.
Financial information on Nordea
EURm 2014 2013
Assets 669,342 630,434
Liabilities 639,505 601,225
Revenue 10,224 9,891
Other comprehensive income items -1,042 -499
Comprehensive income statement 2,290 2,617
Dividend income from the associate during the financial year 370 293
Sampo's share of Nordea's loss/profit consists of the following as of 31 Dec. 2013:
EURm 2014 2013
Share of loss/profit of the associate 708 662
Amortisation of the customer relations -35 -35
Change in deferred tax 8 8
Share of the loss/profit of an associate 680 635
Note
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