Notes to the Parent Company's financial statements (continued)

Note 10 - Investments in subsidiaries
EUR million 
2022
2021
Cost at 1 January
15.3
15.3
Cost at 31 December 
15.3
15.3
 
Value adjustments at 1 January
5.0
3.4
Exchange adjustment
-0.2
1.1
Net profit for the year
4.8
2.3
Dividends to the Parent Company
-3.2
-1.8
Value adjustments at 31 December 
6.4
5.0
 
Equity investments with negative net asset value amortised over receivables
5.9
5.6
 
Carrying amount at 31 December 2022 
27.6
25.9
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