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 |
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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 |
– |
– |