18. Long-term financial investments

	31 December 2013	31 December 2012
Available-for-sale investments
Available-for-sale securities	185.1	199.7
Mutual investment funds	0.5	0.5
SITA Investment Certificates	0.6	0.5
Total available-for-sale investments (before impairment provision)	186.2	200.7
Other long-term investments:
Loans issued to related parties and promissory notes of related parties (Note 39)	0.9	1.9
Loans issued to third parties and promissory notes of third parties	-	0.0
Other long-term investments	0.0	0.0
Total other long-term financial investments (before impairment provision)	0.9	1.9
Less provision for impairment of long-term financial investments	(0.8)	(2.4)
Total long-term financial investments	186.3	200.2

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Available-for-sale securities are mainly represented by the initial value of the Group’s investment in OJSC MASH, a state-related company engaged in servicing of aircraft, passengers and handling cargo of Russian a d foreign airlines, and providing non-aviation services to entities operating n Sheremetyevo airport and adjacent area, and to Sheremetyevo airport passengers. T e RF represented by the Federal Agency for State Property Management owns over 80% of the entity’s shares (Note 39).

Management is unable to measure the fair value of the Group’s investments in OJSC MASH reliably, as this entity has not published its most recent financial information, its shares are not quoted and recent trade prices are not publicl accessible. The investments are recognised in the consolidated statement of financial position at their cost of USD 183.7 million (31 December 2012: USD 198.0 million).

Notes in Consolidated Statements:

Consolidated Statement of Financial Position

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