Note 8 - Market value adjustment

DKKm		2008	2007

	Market value adjustment
	Market value adjustments concerning financial assets or liabilities at fair value with adjustment in the income statement:
	Equity investments		99
	Unit trust units		-80
	Share derivatives		0
	Bonds		25
	Interest derivatives		-56


	Market value adjustments concerning assets and liabilities that cannot be attributed to IAS39:
	Investment property		107
	Owner-occupied property		14
	Discounting		298
	Other balance sheet items		8
			427
			415

	Market value gains		1,861
	Market value losses		-1,446
	Market value adjustment, net		415

	Exchangerate adjustments concerning financial assets or liabilities at fair value with value adjustment in the income statement amount to DKK xxm (2007 DKK xm).

	Under market value adjustment the adjustment of inflation swaps to hedge the inflation risk concerning annuities on workers' compensation insurance totals DKK xxm (in 1007 DKK xxm).