PC7. Participations in subsidiaries
AP Accounting principles
Essity Aktiebolag recognizes all holdings in subsidiaries at cost after deduction for any accumulated impairment losses. Impairment testing occurs annually.
|
Subsidiaries |
|
SEKm |
2019 |
2018 |
Accumulated costs |
175,508 |
175,943 |
Accumulated impairment |
–60 |
–1,321 |
Carrying amount |
175,448 |
174,622 |
|
|
|
Value, January 1 |
174,622 |
167,614 |
Investments |
834 |
30,947 |
Divestments |
–0 |
–23,887 |
Impairment for the period |
–8 |
–52 |
BS TPC7:1 Value, December 31 |
175,448 |
174,622 |
During the fiscal year, the company provided a capital contribution of SEK 826m to Essity TC AB (which changed its name from Lejenbrottet Aktiebolag during the year) and invested SEK 8m in SCA Hygiene Products India Private Limited. An impairment of the Indian holding also took place in an amount of SEK 8m. During the fiscal year, the company also sold all shares in SCA Hedging AB to another Group company for SEK 0m.
Company name |
Corp. Reg. No. |
Domicile |
No. of shares |
Share of equity, |
Carrying amount, |
|
|
|
|
|
|
Swedish subsidiaries: |
|
|
|
|
|
Fastighets- och Bostadsaktiebolaget FOBOF |
556047-8520 |
Stockholm, Sweden |
1,000 |
100 |
0.1 |
Essity Försäkringsaktiebolag |
516401-8540 |
Stockholm, Sweden |
140,000 |
100 |
14.0 |
Essity TC AB |
556643-7298 |
Stockholm, Sweden |
1,000 |
100 |
826.1 |
|
|
|
|
|
|
Foreign subsidiaries: |
|
|
|
|
|
Essity Group Holding BV |
33181970 |
Amsterdam, Netherlands |
246,347 |
100 |
174,328.1 |
Essity Italy S.p.A |
3318780966 |
Capannori, Italy |
125,000 |
25 |
279.2 |
SCA Hygiene Products India Private Limited |
U17253MH2012FTC231579 |
Mumbai, India |
5,701,945 |
2.17 |
0.1 |
Total carrying amount of subsidiaries |
|
|
|
|
175,448 |
German Group companies 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
- BSN medical GmbH, domicile in Hamburg, Germany
- BSN medical IP GmbH, domicile in Hamburg, Germany
- BSN-Jobst GmbH, domicile in Emmerich am Rhein, Germany