| 15. Shares in associated companies | |||||
| € ('000) | 2012 | 2011 | |||
| Acquisition cost at 1 January | 8,347 | 6,400 | |||
| Share of the result | 259 | 1,905 | |||
| Additions / disposals | 0 | 102 | |||
| Fair value gains / losses on investments | 348 | -60 | |||
| Acquisition cost at 31 December | 8,954 | 8,347 | |||
| The Group's share of the results of its principal associates and its aggregated assets, liabilities, turmover and result are as follows. | |||||
| 2012, € ('000) | |||||
| Associated companies: | Assets | Liabilities | Turnover | Profit/loss | Ownership % |
| BIF Management Ltd, Jersey | 53 | 0 | 144 | -11 | 33.33% |
| Baltic SME Management B.V., The Netherlands | 14 | 13 | 0 | -17 | 33.33% |
| Maneq 2002 AB, Sweden | 416 | 0 | 0 | -8 | 35.00% |
| Maneq 2004 AB, Sweden | 568 | 7 | 133 | 154 | 41.90% |
| Maneq 2005 AB, Sweden | 5,165 | 1,748 | 169 | 384 | 33.60% |
| Maneq 2006 AB, Sweden | 2,644 | 2 | 0 | 10 | 33.60% |
| Maneq 2007 AB, Sweden | 8,205 | 5,862 | 0 | 127 | 37.40% |
| Maneq 2008 AB, Sweden | 15,918 | 11,883 | 49 | 469 | 33.80% |
| Maneq 2009 AB, Sweden | 2,789 | 2,470 | 0 | -139 | 34.40% |
| Maneq 2010 AB, Sweden | 3,421 | 1,972 | 0 | -19 | 32.40% |
| Maneq 2011 AB, Sweden | 2,176 | 1,533 | 0 | 40 | 36.40% |
| Yewtree Holding AB, Sweden | 846 | 1 | 47 | 204 | 35.00% |
| Total | 42,215 | 25,491 | 542 | 1,194 | |
| 2011, € ('000) | |||||
| Associated companies: | Assets | Liabilities | Turnover | Profit/loss | Ownership % |
| BIF Management Ltd, Jersey | 69 | 1 | 0 | -7 | 33.33% |
| Baltic SME Management B.V., The Netherlands | 24 | 6 | 0 | -11 | 33.33% |
| Maneq 2002 AB, Sweden | 415 | 0 | 22 | -6 | 35.00% |
| Maneq 2004 AB, Sweden | 829 | 19 | 140 | 155 | 41.90% |
| Maneq 2005 AB, Sweden | 5,025 | 2,005 | 0 | 216 | 33.60% |
| Maneq 2006 AB, Sweden | 2,674 | 2 | 2,115 | 2,199 | 33.60% |
| Maneq 2007 AB, Sweden | 8,716 | 5,727 | 1,271 | 1,248 | 37.40% |
| Maneq 2008 AB, Sweden | 14,573 | 11,507 | 1,203 | 1,273 | 33.80% |
| Maneq 2009 AB, Sweden | 3,150 | 2,379 | 0 | 77 | 34.40% |
| Maneq 2010 AB, Sweden | 3,120 | 1,720 | 443 | 459 | 32.40% |
| Maneq 2011 AB, Sweden | 1,215 | 1,218 | 0 | -14 | 36.40% |
| Yewtree Holding AB, Sweden | 676 | 51 | 0 | 245 | 35.00% |
| Total | 40,486 | 24,635 | 5,194 | 5,834 | |
| Team members of CapMan investment teams and other personnel have the option to invest in portfolio companies alongside CapMan via Maneq funds. CapMan participates in these funds as one of the investors and as finance provider with market based terms. | |||||
