Net asset value report of the Norvestia Group 30.9.2006
NORVESTIA'S NET ASSET VALUE ROSE BY 0,8 % IN SEPTEMBER
Change in NAV, 1 month		0.8 %
Change in NAV, from the beginning of 2006		9.8 %	(dividend-adjusted)
Change in NAV, 12 months		20.3 %	(dividend-adjusted)
		30/09/2006	31/08/2006	31/12/2005
Net asset value/share, €		10.14	10.06	9.78
		MEUR	MEUR	MEUR
ASSETS
NON-CURRENT ASSETS
	Tangible assets	0.0	0.0	0.1
CURRENT ASSETS
	Shares held for trading	81.5	79.5	71.4
	Other financial assets at fair value	33.6	33.2	31.8
	Other investments	2.2	2.2	2.2
	Cash and receivables	45.0	45.6	57.3
ASSETS IN TOTAL		162.3	160.5	162.8
Current liabilities		-1.0	-0.8	-6.7
Deferred tax liability		-6.0	-5.7	-6.3
NET ASSET VALUE		155.3	154.0	149.8
Number of shares 15,316,560
PRINCIPLES OF CALCULATION
Publicly listed shares, investment funds and derivatives have been valued to closing price. In case a closing price has been unavailable, the purchase quotation has been used. Unlisted shares have been recognised at fair value using the discounted cash flow method.