F1. Subsidiaries

AP Accounting principles

Subsidiaries

The companies over which Essity has control are consolidated as subsidiaries. Control means that Essity has sufficient influence to control the activities of the subsidiary, has the right to its returns and has control over its exposure, and is able to impact the return of the company through its influence. Most of the Group’s subsidiaries are wholly owned, which means that Essity has control over the companies. Essity owns 52% of Vinda, 50% of Familia, 49% of Sancella and 49% of Unicharm Mölnlycke; Essity also has control of these companies, despite the fact that there are significant non-controlling interests in the companies. The acquisition of BSN medical, refer to Note F6 Acquisitions and divestments, included a minor subsidiary in Venezuela that was divested in December 2017. Because there was no possibility to exercise control, the company was not consolidated during the holding period.

Non-controlling interests

Non-controlling interests are recognized as a separate item in the Group’s equity. Profit or loss and every component of other comprehensive income are attributable to the owners of the Parent and to non-controlling interests. Losses attributable to non-controlling interests are recognized even if this results in a negative balance for the non-controlling interest. In connection with acquisitions of less than 100% when a controlling influence is achieved, non-controlling interests are determined either as a proportional share of the fair value of identifiable net assets excluding goodwill or at fair value. Subsequent acquisitions up to 100% and divestments of participations in a subsidiary that do not lead to a loss of controlling influence are recognized as an equity transaction.

List of major subsidiaries

The Group’s participations in major subsidiaries at December 31, 2017. The following selection of wholly owned subsidiaries and subsidiaries with significant non-controlling interests includes companies with external sales in excess of SEK 500m in 2017. The process of renaming the companies from SCA to Essity will continue in 2018.

Company name

Corp. Reg. No.

Domicile

Share of equity at December 31, 2017

Share of equity at December 31, 2016

Share of equity at December 31, 2015

1)

Essity has a small number of subsidiaries that are partly owned and hold significant non-controlling interests, see table TF2:1.

Essity France SAS

509 395 109

Saint-Ouen, France

100

100

100

Essity Holding Nederlands B.V.

30-135 724

Zeist, Netherlands

100

100

100

SCA Hygiene Products (Fluff) Ltd.

577 116

Dunstable, UK

100

100

100

Essity Professional Hygiene North America LLC

58-2494137

Delaware, USA

100

100

100

Vinda International Holdings Ltd1)

90235

Hong Kong, China

52

55

51

Essity Operations Wausau LLC

41-2218501

Wisconsin, USA

100

100

Essity Germany GmbH

HRB 713 332

Mannheim, Germany

100

100

100

Essity Hygiene and Health AB

556007-2356

Gothenburg, Sweden

100

100

100

Essity Spain S.L.

B28451383

Puigpelat, Spain

100

100

100

Essity Higiene y Salud Mexico, S.A. de C.V.

SCM-931101-3S5

Mexico City, Mexico

100

100

100

Productos Familia S.A. Colombia1)

8909001619

Medellin, Colombia

50

50

50

Essity Italy S.p.A.

3 318 780 966

Altopascio, Italy

100

100

100

SCA Hygiene Products Russia OOO

4704 031 845

Moscow, Russia

100

100

100

Essity Poland Sp.z.o.o.

KRS No. 0000427360

Warsaw, Poland

100

100

100

Essity Austria GmbH

FN 49537 z

Vienna, Austria

100

100

100

Essity Belgium SA-NV

BE0405.681.516

Stembert, Belgium

100

100

100

Essity Professional Hygiene Germany GmbH

HRB 710 878

Mannheim, Germany

100

100

100

Essity Canada Inc.

421984

Ontario, Canada

100

100

100

OY Essity Finland AB

0165027-5

Espoo, Finland

100

100

100

Essity HMS North America Inc.

23-3036384

Delaware, USA

100

100

100

Productos Familia del Sancela Ecuador S.A.1)

1791314379001

Quito, Ecuador

50

50

50

Essity Norway AS

915 620 019

Oslo, Norway

100

100

100

Essity Switzerland AG

CHE-106.977.885

Schenkon, Switzerland

100

99

99

Essity Denmark A/S

DK20 638 613

Allerød, Denmark

100

100

100

Essity Chile SA

94.282.000-3

Santiago de Chile, Chile

100

100

100

Sancella S.A.

B14441997

La Charguia, Tunisia

49

49

49

Essity Hungary Kft

01-09-716945

Budapest, Hungary

100

100

100

Uni-Charm Mölnlycke KK

0104-01-046146

Tokyo, Japan

49

49

49

Essity Czech Republic s.r.o.

485 36 466

Prague, Czech Republic

100

100

100

Essity Operations Allo SL

B31235260

Allo, Spain

100

100

100

Essity Slovakia s.r.o.

36590941

Gemerska Horska, Slovakia

100

100

100

Essity Operations Mainz-Kostheim GmbH

HRB 5301

Mainz-Kostheim, Germany

100

100

100

Essity Operations France SAS

702 055 187

Bois-Colombes, France

100

100

100

Essity Operations Mannheim GmbH

HRB 3248

Mannheim, Germany

100

100

100

Essity Operations Neuss GmbH

HRB 14343

Neuss, Germany

100

100

100

Essity Operations Poland Sp.z.o.o.

KRS No. 0000086815

Olawa, Poland

100

100

100

Essity Operations Le Theil SAS

509 599 619

Roissy, Bobigny, France

100

100

100

Essity Operations Manchester Ltd

4119442

Dunstable, UK

100

100

100

BSN medical GmbH

HRB 124 187

Hamburg, Germany

100

BSN Radiante SAS

652 880 519

Le Mans, France

100

BSN Medical Distribution Limited

04381725

Willerby, UK

100

SCA do Brasil Indústria e Comércio Ltda

72.899.016/0001-99

Osasco, Brazil

100

100

100

BSN Medical Inc.

3269728

Delaware, USA

100