Sampo Group

11 Property, plant and equipment
13 Intangible assets

Notes to the Group's Financial Statements

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12 INVESTMENT PROPERTY
                 
P&C insurance
                 
EURm         2011 2010
At 1 Jan            
Cost         34 34
Accumulated depreciation         -6 -5
Accumulated impairment losses         -2 -1
Net carrying amount         26 28
                 
Opening net carrying amount         26 28
Additions         - 0
Disposals         0 0
Depreciation         -1 -1
Impairment losses         0 -2
Reversal of impairment losses         1 0
Exchange differences         1 0
Closing net carrying amount         26 26
                 
At 31 Dec            
Cost         34 34
Accumulated depreciation         -6 -6
Accumulated impairment losses         -2 -2
Net carrying amount         26 26
                 
Rental income from investment property         3 3
                 
Property rented out under operating lease    
  Non-cancellable minimum rental            
    - not later than one year         1 1
    - later than one year and not later than five years     1 1
  Total         1 2
                 
  Expenses arising from investment property            
    - direct operating expenses arising from investment property generating rental
income during the period
-2 -2
    - direct operating expenses arising from investment property not generating
rental income during the period
-1 -1
  Total         -3 -3
                 
Fair value of investment property at 31 Dec     23 24
                 
                 
Life insurance
                 
EURm         2011 2010
At 1 Jan            
Cost         152 139
Accumulated depreciation         -39 -37
Accumulated impairment losses         -16 -16
Net carrying amount         96 87
                 
Opening net carrying amount         96 87
Additions         2 13
Disposals         -4 -1
Depreciation         -3 -3
Impairment losses         0 0
Closing net carrying amount         92 96
                 
At 31 Dec            
Cost         150 152
Accumulated depreciation         -42 -39
Accumulated impairment losses         -16 -16
Net carrying amount         92 96
                 
Rental income from investment property         15 15
                 
Property rented out under operating lease    
  Non-cancellable minimum rental            
    - not later than one year         7 8
    - later than one year and not later than five years         10 9
    - later than five years         5 7
  Total         22 24
                 
  Total rental recognised as income during the financial period 0 0
                 
  Expenses arising from investment property            
    - direct operating expenses arising from investment property generating rental
income during the period
-8 -7
    - direct operating expenses arising from investment property not generating rental
income during the period
-1 -1
  Total         -9 -8
                 
Fair value of investment property at 31 Dec       105 111
                 
                 
Holding
                 
EURm         2011 2010
At 1 Jan            
Cost         4 27
Accumulated depreciation         0 0
Accumulated impairment losses         0 -17
Net carrying amount         4 10
                 
Opening net carrying amount         4 10
Disposals         - -6
Depreciation         - 0
Closing net carrying amount         4 4
                 
At 31 Dec            
Cost         4 4
Accumulated depreciation         0 0
Accumulated impairment losses         0 0
Net carrying amount         4 4
                 
Rental income from investment property         0 0
                 
Fair value of investment property at 31 Dec       4 4
                 
Elimination items         -4 -4
                 
          2011 2010
Group, total         118 122
                 
Fair values for the Group's investment property are entirely determined by the Group based on the market evidence.
                 
The premises in investment property for different segments are leased on market-based, irrevocable contracts. The lengths of the contracts vary from those for the time being to those for several years.
11 Property, plant and equipment
13 Intangible assets