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Notes to the Parent Company Financial Statements
             
         
Summary of significant account policies
             
  The presentation of Sampo Plc's financial statements together with the notes has been prepared in accordance with the Finnish Accounting Act and Ordinance. The accounting principles applied to the separate financial statements of Sampo plc do not materially differ from those of the Group, prepared in accordance with the International Financial Reporting Standards (IFRSs). The financial assets are measured at fair value derived from the markets.
 
             
Notes on the Income statement
             
  1 Other operating income
             
  EURm     2010 2009
  Income from property occupied for own activities     1 2
  Other     16 13
  Total     17 14
             
             
  2 Depreciation and impairment
             
  EURm     2010 2009
  Property, plant and equipment     0 0
  Intangible assets     0 0
  Total     0 0
             
             
  3 Other operating expenses
             
  EURm     2010 2009
  Rental expenses     -1 -3
  Expense on property occupied for own activities     0 -1
  Other     -10 -14
  Total     -12 -18
             
  Item Other includes e.g. administration and IT expenses and fees for external services.
             
  4 Auditors' fees
             
  EURm     2010 2009
  Authorised Public Accountants Ernst & Young Oy        
  Auditing fees     -0.2 -0.3
  Certificates and expert opinions     0,0 0,0
  Tax consulting     0,0 0,0
  Other fees     0,0 0,0
  Total     -0.2 -0.3
             
             
  5 Financial income and expense
             
  EURm     2010 2009
  Received dividends in total     747 569
  Interest income in total     69 58
  Interest expense in total     -118 -90
  Gains on disposal in total     0 1
  Losses on disposal in total     0 -23
  Exchange result     -13 8
  Other     25 16
  Total     710 538
             
             
             
Notes on the Parent Company Assets
                   
               
  6 Intangible assets
                   
            2010 2009
  EURm       IT Other IT Other
  Cost at beginning of year       3 2 3 2
  Accumulated amortisation at beginning of year -3 -1 -3 -1
  Amortisation according to plan during the financial year 0 0 0 0
  Carrying amount at end of year 0 1 0 1
                   
                   
  7 Property, plant and equipment
                   
            2010 2009
  EURm       Land and buildings Other Land and buildings Other
  Cost at beginning of year       2 4 4 4
  Additions       0 0 0 0
  Disposals       - - -2 -
  Transfers       - 0 - -
  Accumulated depreciation at beginning of year -1 -1 -1 0
    of which related to disposals - 0 0 -
  Accumulated impairment losses at beginning of year - - 0 -
    of which related to disposals - - - -
  Depreciation according to plan during the financial year 0 0 0 0
  Carrying amount at end of year 1 3 1 3
                   
                   
  8 Shares in group companies
                   
  EURm           2010 2009
  Cost at beginning of year           2,370 2,370
  Disposals           - -
  Carrying amount at end of year 2,370 2,370
                   
                   
  9 Receivables from group companies
                   
  EURm           2010 2009
  Cost at beginning of year           122 122
  Additions           23 22
  Disposals           - -23
  Carrying amount at end of year           145 122
                   
  Receivables are subordinated loans issued by subsidiaries. More information in the consolidated note 29 Financial liabilities.
                   
                   
  10 Shares in participating undertakings
                   
  EURm           2010 2009
  Cost at beginning of year           5,168 0
  Additions           136 5,168
  Disposals           - -
  Carrying amount at end of year           5,304 5,168
                   
                   
  11 Other shares and participations
                   
      2010 Fair value changes   2009 Fair value changes
  EURm Fair value Recognised
in p/l
Recognised in fair value reserve   Fair value Recognised
in p/l
Recognised in fair value reserve
  Available-for-sale equity securities 36 1 2   36 23 1,733
                   
                   
  Changes in property shares
                   
  EURm           2010 2009
  Cost at beginning of year           5 5
  Disposals           -1 0
  Carrying amount at end of year 4 5
                   
  Difference between current cost and carrying amount 0 0
                   
                   
  12 Other investment receivables
                   
      2010 Fair value changes   2009 Fair value changes
  EURm Fair value Recognised
in p/l
Recognised in fair value reserve   Fair value Recognised
in p/l
Recognised in fair value reserve
  Market money 359 - 0   - - -
  Bonds 6 - 1   14 - -
  Total 365 - 1   14 - -
                   
                   
  13 Other receivables
                   
  EURm           2010 2009
  Trading receivables           16 16
  Derivatives           36 12
  Other           5 1
  Total           56 29
                   
                   
  14 Prepayments and accrued income
                   
  EURm           2010 2009
  Accrued interest           43 53
  Other           2 3
  Total           45 55
                   
Notes on the Parent Company Liabilities
                     
                 
  15 Movements in the parent company's equity
                     
      Restricted equity Unrestricted equity  
  EURm Share capital Share premium account Legal reserve Fair value reserve Invested unrestricted capital Other reserves Retained earnings Total
  Carrying amoun at 1 Jan. 2009 98 1,160 366 -1,759 - 273 4,548 4,686
  Transfers between equity   -1,160 -366   1,527     0
  Dividends             -449 -449
  Recognition of undrawn dividends             11 11
  Financial assets available-for-sale                
    recognised in equity       17       17
    recognised in p/l       1,739       1,739
  Acquisition of own shares             -1 -1
  Profit for the year             531 531
  Carrying amount at 31 Dec. 2009 98 0 0 -3 1,527 273 4,640 6,534
                     
                     
      Restricted equity Unrestricted equity  
  EURm Share capital Share premium account Legal reserve Fair value reserve Invested unrestricted capital Other reserves Retained earnings Total
  Carrying amoun at 1 Jan. 2010 98 0 0 -3 1,527 273 4,640 6,534
  Dividends             -561 -561
  Recognition of undrawn dividends             10 10
  Financial assets available-for-sale                
    recognised in equity       2       2
    recognised in p/l       1       1
  Acquisition of own shares               0
  Profit for the year             710 710
  Carrying amount at 31 Dec. 2010 98 0 0 0 1,527 273 4,799 6,696
                     
                     
  Distributable assets
                     
  EURm             2010 2009
  Parent company                
  Profit for the year             710 531
  Retained earnings             4,088 4,108
  Invested unrestricted capital             1,527 1,527
  Other reserves             273 273
  Undistributable items             0 -3
  Total             6,598 6,436
                     
                     
  16 Share capital
                     
  Information on share capital is disclosed in Note 29 in the consolidated financial statements.
                     
                   
  17 Debentures
               
  EURm           2010 2009
  Debentureloan, nominal value EURm 600, call 21.4.09 due 2014       - 37
    annual fixed interest 4,625% until April 2009, thereafter floating        
                   
                   
  18 Other liabilities
                   
  EURm           2010 2009
  Unredeemed dividends           26 29
  Derivatives           10 7
  Guarantees for derivate contracts           36 -
  Other           1 1
  Total           73 37
                   
                   
  19 Accruals and deferred income
                   
  EURm           2010 2009
  Deferred interest           47 47
  Other           7 16
  Total           53 63
                   
                   
Notes on the income taxes
                   
  20 Deferred tax assets and liabilities
                   
  EURm           2010 2009
  Deferred tax assets              
  Timing differences           19 5
  Fair value reserve           0 6
  Total           0 1
  Total           19 12
                   
  Deferred tax liabilities              
  Timing differences           -1 -2
                 
  Total, net           18 11
                   
Notes on the liabilities and commitments
                   
  21 Pension liabilities
                   
  The basic and suplementary pension insurance of Sampo plc's staff is handled through insurances in Varma Mutual Insurance Company and in Mandatum Life Insurance Company Limited.
                   
                   
  22 Future rental commitments
                   
  EURm           2010 2009
  Not more than one year           1 1
  Over one year but not more than five years           3 3
  Over five years           1 2
  Total           5 7
                   
                   
  23 Off-balance sheet items
                   
  EURm           2010 2009
  Underwriting commitments           1 3
  Off-balance sheet items total           1 3
    To or on behalf of Group companies         - -
    To or on behalf of associates         - -
                   
                   
Notes on the staff and management
                   
  24 Staff numbers
                   
                Average during the year Average during the year
  Full-time staff           49 52
  Part-time staff           2 1
  Temporary staff           1 1
  Total           52 54
                   
                   
  25 Management's remuneration and post-employment benefits
                   
  (EUR thousand)         2010 2009
  Managing Director Kari Stadigh 8.4. - 31.12.2009   2,363 892
    Björn Wahlroos 1.1. - 7.4.2009   - 572
                 
  Deputy Managing Director Kari Stadigh 1.1. - 7.4.2009   - 336
                 
  The employment of Björn Wahlroos continued until 30 June 2009. 8.4. - 30.6.2009   - 267
                   
  Members of the Board of Directors              
  Björn Wahlroos           160 120
  Tom Berglund           80 80
  Anne Brunila           80 80
  Mattila Veli-Mati           80 80
  Eira Palin-Lehtonen           80 80
  Jukka Pekkarinen           80 80
  Christoffer Taxell           80 80
  Matti Vuoria           100 100
                   
  Pension liability
  The retirement age of the Managing Director is 60 years, when the pension benefit is 60% of the pensionable salary.
                   
                   
Notes on shares held
                   
  26 Shares held as of 31 Dec, 2010
                   
  Company name       Percentage of share capital held*) Carrying amount EURm
  Group undertakings          
             
  P&C insurance          
  If Skadeförsäkring Holding AB, Stockholm Sweden       100 1,886
             
  Life insurance          
  Mandatum Life Ltd, Helsinki Finland       100 484
             
  Other          
  Sampo Capital Oy, Helsinki Finland       100 1
             
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