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14. Investments in associates and joint ventures
               
MEUR           2010 2009
Book value at 1 January           56 41
Acquired shares*             11
Share of result           5 6
Dividends           -1 -2
Changes in exchange rates           4  
Book value at 31 December         65 56
               
* Business arrangement Wärtsilä Biopower/MW Power included in 2009.
               
Summary financial information (100%):
               
2010              
MEUR Holding % Assets Equity Liabili-
ties
Net sales Profit for the financial period
Wärtsilä Qiyao Diesel Company Ltd. China 50.0 29 14 15 28 2
Wärtsilä Hyundai Engine Co Ltd. Korea 50.0 153 59 94 89 6
Repropel Sociedad de reparacao de helices Portugal 50.0 1 1   1  
Wärtsilä Land & Sea Academy, Inc. Philippines 40.0   -1 1 1  
MW Power Oy Finland 40.0 135 36 98 111 7
Cosco-Shipyard Total Automation Co Ltd. China 40.0 4 2 2 4  
Neptun Maritime AS Norway 40.0 1   1 1  
El-Design AS Norway 37.0 1 1      
Qingdao Qiyao Wärtsilä MHI Linshan Marine Diesel Co Ltd. China 27.0 208 40 168 58 -3
AWEK Industrial Patents Ltd. Oy Finland 25.0 1     3  
WD Power Investment Ky Finland 21.7 1 1      
               
2009              
MEUR Holding % Assets Equity Liabili-
ties
Net sales Profit for the financial period
Wärtsilä Qiyao Diesel Company Ltd. China 50.0 25 10 15 31 -1
Wärtsilä Hyundai Engine Co Ltd. Korea 50.0 143 48 96 85 8
Repropel Sociedad de reparacao de helices Portugal 50.0 1 1 1 1  
IHB Design AD Bulgaria 50.0       1  
Wärtsilä Land & Sea Academy, Inc. Philippines 40.0   -1 1   -1
MW Power Oy Finland 40.0 101 36 65 168 10
Cosco-Shipyard Total Automation Co Ltd. China 40.0 3 1 2 4 1
Neptun Maritime AS Norway 40.0 1 1   2  
El-Design AS Norway 37.0 1     1  
Qingdao Qiyao Wärtsilä MHI Linshan Marine Diesel Co Ltd. China 27.0 180 39 142 22 -9
AWEK Industrial Patents Ltd. Oy Finland 25.0 1     3  
WD Power Investment Ky Finland 21.7 1 1