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28. Equity


Shares and shareholders


EUR million 2013 2012
Share capital 70.0 70.0


The Finnish State holds all Itella Corporation's shares totaling 40,000.000. Other reserves include assets transferred from the share premium under restricted equity to contingency reserve based on the AGM’s decision in 1998, when Finland PT Group demerged. In accordance with the Articles of Association the contingency reserve is a distributable reserve. The change of fair value of available-for-sale financial assets is recognized in the fair value reserve. Translation differences include the differences resulting from the translation of foreign units' financial statements and net investments in foreign currencies. Statement of Changes in Shareholders' Equity contains additional information on equity.