Other notes to the Group’s Financial Statements 1–40

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13 Investments in associates
Associates that have been accounted for by the equity method at 31 Dec. 2017
EURm

Name
Domicile Carrying amount Fair value*) Interest held %
Nordea Bank Abp Sweden 7,578 8,680 21.25
Autovahinkokeskus Oy Finland 3 35.54
CAP Group AB Sweden 3 21.98
Svithun Assuranse AS Norway 1 33.00
Contemi Holding AS Norway 0 28.57
SOS International A/S Denmark 8 25.20
Bornholms Brandforsikring A/S Denmark 10 27.00
Komplementarselskabet Margretheholm ApS Denmark 0 50.00
Komplementarselskabet Havneholmen ApS Denmark 0 50.00
Margretheholm P/S Denmark 23 50.00
Havneholmen P/S Denmark 64 50.00
P/S Ejendomsholding Banemarksvej Denmark 6 40.00
Komplementarselskabet Banemarksvej ApS Denmark 0 40.00
Carlsberg Byen P/S Denmark 69 22.51
Associates that have been accounted for by the equity method at 31 December 2016
EURm

Name
Domicile Carrying amount Fair value*) Interest held %
Nordea Bank Abp Sweden 7,554 9,124 21.25
Topdanmark A/S Denmark 554 955 45.38
Autovahinkokeskus Oy Finland 3 35.54
CAP Group AB Sweden 2 21.98
Svithun Assuranse AS Norway 1 33.00
Contemi Holding AS Norway 0 28.57
SOS International A/S Denmark 7 25.20
*) Published price quatation
Changes in investments in associates
2017 2016
EURm Nordea Other associates Total Nordea Other associates Total
At beginning of year 7,554 553 8,107 7,305 374 7,679
Share of loss/profit 616 5 622 773 65 837
Business acquisitions - 169 - - - -
Additions - - - - 205 205
Disposals -559 -540 -1,099 -551 -5 -555
Changes in the equity of associates -33 - -33 27 -86 -59
Exchange differences - 0 0 - 0 0
At end of year 7,578 187 7,596 7,554 553 8,107
The carrying amount of investments in associates included goodwill EURm 990 (1,101), 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 700 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 2017 2016
Assets 581,612 615,659
Liabilities 548,296 583,249
Goodwill included in the assets 1,994 2,247
Revenue 9,469 9,927
Other comprehensive income items -520 165
Comprehensive income statement 3,048 3,766
Dividend income from the associate during the financial year 559 551
Reconciliation of Nordea's carrying amount to Nordea's financial information
EURm 2017 2016
Net assets of Nordea 30,404 30,162
Sampo's share of 21.25% 6,461 6,409
Remaining allocataions
Goodwill 978 978
Trademark and customer relations, net 139 166
Total carrying amount 7,578 7,554
Sampo's holding in Topdanmark
Topdanmark is the second largest insurance company in Denmark, and is primarily engaged in providing life and non-life insurance products. Sampo consolidated Topdanmark as an associated company until 30 September 2017 when it became a subsidiary of Sampo. The share of associates' profit for 2017 is thus for the time period of 1.1. - 30.9.2017. The last quarter of Topdanmark's profit has been conslidated line by line in the Group's financial statements.
Sampo's share of Topdanmark's profit/loss
EURm 2017 2016
Share of loss/profit of the associate 99 67
Amortisation of the customer rlations -12 -11
Change in deferred tax 3 2
Share of the loss/profit of an associate 90 59