01 Gothaer Konzern_E_09_Umschl - Gothaer Allgemeine ...

Consolidated Financial Statements
Investments measured
at fair value through
profit or loss
Reconciliation
of level 3 investments
Valuation hierarchy €million
Level 1 Level 2 Level 3 Total
Investments measured at fair value and recognized in equity include non-consolidated
shares in affiliated and associated companies as well as investments available for sale.
The valuation hierarchy also shows the investments measured at fair value through profit
or loss, which have a negative fair value and are recognized accordingly under
liabilities on the equity and liabilities side of the statement of financial position.
Investments with a fair value of €12.3 million were reclassified in the financial year from
level 2 to level 1.
Developments in the financial year €million
Level 3 investments produced a net profit of €64.5 million.
146 Gothaer Group Annual Report 2009
2009
2009 2009 2009
Investments measured at fair value
and recognized directly in equity
Non-fixed-income 801.7 1,542.9 901.6 3,246.2
Fixed-income 7,641.7 1,403.0 0.0 9,044.7
Investments measured at fair value
through profit or loss
Held for trading –0.2 –73.3 0.0 –73.5
By designation 7.3 0.0 0.0 7.3
Investments held for unit-linked life
insurance policies 886.7 238.0 0.0 1,124.7
Total 9,337.2 3,110.6 901.6 13,349.4
2009
Value as of 1 Jan. 819.8
Change in value recognized through profit or loss –87.7
Change in value recognized in equity –11.5
Acquisitions 194.2
Sales 13.2
Change in class assignment 0.0
Value as of 31 Dec. 901.6