4. Result on disposal of investment properties

MEUR
1 Jan-31 Dec 2016 1 Jan-31 Dec 2015
Profit and loss on sales of investment properties


Profit on sales
3.7 15.3
Loss on sales
-3.0 -6.7
Total
0.7 8.6



MEUR
1 Jan-31 Dec 2016 1 Jan-31 Dec 2015
Sold investment properties


Proceeds from disposal of investment properties
67.3 95.5
Carrying value of investment properties sold
-66.5 -87.0
Total
0.7 8.6
Proceeds from the disposal of investment properties include the disposal price received net of disposal costs. The carrying value of disposed-of assets includes the fair value recognised on the prior period statement of financial position and any capitalised expenses for the period.

Specification of significant investments and disposals are presented in note 13.