20 Non-current available-for-sale financial assets

EUR million 2015 2014
Balance sheet value, 1 Jan 3.2 3.8
Translation difference
Disposals -0.5 -0.6
Balance sheet value, 31 Dec 2.7 3.2

Available-for-sale financial assets include several different unquoted shares out of which majority are real estate shares. The value of one individual investment is not significant in relation to the total of all other investments. The fair value of unquoted shares could not be reliably determined, thus they are presented at cost less possible impairments.