PC6. Participations
AP Accounting principles
Essity Aktiebolag recognizes all holdings in Group companies at cost after deduction for any accumulated impairment losses.
|
Subsidiaries |
|
SEKm |
2017 |
2016 |
Accumulated costs |
168,883 |
167,601 |
Accumulated impairment |
–1,269 |
– |
Carrying amount |
167,614 |
167,601 |
|
|
|
Value, January 1 |
167,601 |
0 |
Investments |
48,882 |
–167,601 |
Divestments |
–47,600 |
– |
Impairment for the period |
–1,269 |
– |
BS TPC6:1 Value, December 31 |
167,614 |
167,601 |
The shares in Essity Försäkringsaktiebolag were conveyed at carrying amount as part of the transfer of business that took place on December 30, 2016 from Svenska Cellulosa Aktiebolaget SCA to Essity Aktiebolag but were recognized on December 31, 2016 in Svenska Cellulosa Aktiebolaget SCA’s balance sheet because the holding, from a civil judicial perspective, required the approval of the Swedish Financial Supervisory Authority (Finansinspektionen) for the transfer to occur. During 2017, the Authority granted its approval for the change of ownership and the holding is recognized under capital expenditures in 2017. During the year, a capital contribution amounting to SEK 1,269m was also given to SCA Hedging AB. An impairment was recognized in the same amount. A capital contribution of SEK 47,599m was also made to Essity Group Holding BV. The wholly owned company SCA Research Aktiebolag was merged with its Parent Company Essity Aktiebolag in July 2017. The company has also reduced its holding in Essity Capital NV by SEK 47,598m by reducing its equity and repayment could be made.
Company name |
Corp. Reg. No. |
Domicile |
No. of shares |
Share of equity, % |
Carrying amount, SEKm |
||||||||||||||||||||
|
|||||||||||||||||||||||||
Swedish subsidiaries: |
|
|
|
|
|
||||||||||||||||||||
Fastighets- och Bostadsaktiebolaget FOBOF |
556047-8520 |
Stockholm, Sweden |
1,000 |
100 |
0 |
||||||||||||||||||||
Essity Försäkringsaktiebolag |
516401-8540 |
Stockholm, Sweden |
140,000 |
100 |
14 |
||||||||||||||||||||
SCA Hedging AB |
556666-8553 |
Stockholm, Sweden |
1,000 |
100 |
0 |
||||||||||||||||||||
|
|
|
|
|
|
||||||||||||||||||||
Foreign subsidiaries: |
|
|
|
|
|
||||||||||||||||||||
Essity Group Holding BV |
33181970 |
Amsterdam, Netherlands |
246,347 |
100 |
143,434 |
||||||||||||||||||||
Essity Capital NV |
0810.983.346 |
Diegem, Belgium |
2,558,169 |
100 |
23,887 |
||||||||||||||||||||
Essity Italy S.p.A |
3318780966 |
Capannori, Italy |
125,000 |
25 |
279 |
||||||||||||||||||||
Total carrying amount of subsidiaries |
|
|
|
|
167,614 |
||||||||||||||||||||
German subsidiaries that are subject to disclosure exemptions. The following German companies are fully consolidated and subject to disclosure exemptions pursuant to Sec. 264 para. 3 of the German Commercial Code (“HGB”).
- Essity GmbH, domicile in Mannheim, Germany
- Essity Holding GmbH, domicile in Ismaning, Germany
- Essity Operations Neuss GmbH, domicile in Neuss, Germany
- Essity Operations Mannheim GmbH, domicile in Mannheim, Germany
- Essity Operations Mainz-Kostheim GmbH, domicile in Wiesbaden, Germany
- Essity Professional Hygiene Germany GmbH, domicile in Mannheim, Germany
- Essity Germany GmbH, domicile in Mannheim, Germany
- Essity Operations Witzenhausen GmbH, domicile in Witzenhausen, Germany
- Essity Hygiene Holding GmbH, domicile in Mannheim, Germany