The Carrefour Group reports the following description of its financial assets available-for-sale.
Assets available for sales are . . . valued at fair value. Unrealized . . . gains or losses are recorded as shareholders' equity until they are sold.
Note 10 to Carrefour's 2010 financial statements reports €18 million in net unrealized losses (net of unrealized gains) for 2010, which is included in the fair value of its available-for-sale securities reported on the balance sheet.
1. What amount of the €18 million net unrealized losses, if any, is reported in its 2010 income statement? Explain.
2. If the €18 million net unrealized losses are not reported in the income statement, in which statement are they reported, if any? Explain.