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Find amount of unrealized gains and unrealized losses

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Question: The Carrefour Group reports the following description of its trading securities (titled "financial assets reported at fair value in the income statement"). These are financial assets held by the Group in order to make a short-term profit on the sale. These assets are valued at their fair value with variations in value recognized in the income statement. Note 10 to Carrefour's 2008 financial statements reports €117 million in unrealized gains for 2008 and €63 million in unrealized losses for 2008, both included in the fair value of those financial assets held for trading. What amount of these unrealized gains and unrealized losses, if any, are reported in its 2008 income statement? Explain.

Reference no: EM131534893

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