The ATP Group Annual Report 2012

Management's Review Business Model Risk Pension Hedging and Investment Hedging Investment Administration Social Responsibility The ATP Group Financial StatementsNote 40 Fair-value disclosure, continuedFor financial instruments, measured at fair value using unobservable input data (level 3), the movements for the year are as follows:Realised/unrealisedgainsBalance or losses forSheet at the period,Assets 01,01,12 recognised Purchase SaleTransfer intolevel 3Transfer outof level 3BalanceSheet at31,12,12Losses/gainson assetsheldBonds 26,300 182 0 (2,996) 0 0 23,486 233Equity investments 14,221 363 817 (614) 0 0 14,787 317Loans to portfolio companies 424 1 86 (14) 0 0 497 1Total 40,945 546 903 (3,624) 0 0 38,770 5512011 ATPDKK millionObservable UnobservableQuoted prices inputs inputs TotalLevel 1 Level 2 Level 3AssetsBonds 474,405 14,520 26,300 515,225Equity investments 15,555 0 14,221 29,776Loans to portfolio companies 0 0 424 424Financial derivatives 2,425 79,669 0 82,094Receivables from credit institutions 0 57,630 0 57,630Total 492,385 151,819 40,945 685,149LiabilitiesPayables to credit institutions 0 130,726 0 130,726Financial derivatives 474 40,343 0 40,817Total 474 171,069 0 171,543For financial instruments, measured at fair value using unobservable input data (level 3), the movements for the year are as follows:Realised/unrealisedgainsBalance or losses forSheet at the period,Assets 01,01,11 recognised Purchase SaleTransfer intolevel 3Transfer outof level 3BalanceSheet at31,12,11Losses/gainson assetsheldBonds 23,485 684 2,131 0 0 0 26,300 684Equity investments 13,859 869 2,171 (824) 0 (1,854) 14,221 933Loans to portfolio companies 433 0 14 (23) 0 0 424 0Total 37,777 1,553 4,316 (847) 0 (1,854) 40,945 1,617The ATP Group – Annual Report 2012126