PC7. Participations in subsidiaries

AP Accounting principles

Essity Aktiebolag recognizes all holdings in subsidiaries at cost after deduction of any accumulated impairment losses. Impairment testing occurs annually.

Participations in subsidiaries

 

Subsidiaries

SEKm

2020

2019

Accumulated costs

175,500

175,508

Accumulated impairment

–53

–60

Carrying amount

175,447

175,448

 

 

 

Value, January 1

175,448

174,622

Investments

834

Divestments

–8

0

Reversal of impairment

7

Impairment for the period

–8

BS TPC7:1 Value, December 31

175,447

175,448

During the fiscal year, SCA Hygiene Products India Private Limited was liquidated and the company thus no longer recognizes a carrying amount for the holding in the balance sheet.

TPC7:1 Essity Aktiebolag’s holdings of shares and participations in subsidiaries, December 31, 2020

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

Essity TC AB

556643-7298

Stockholm, Sweden

1,000

100

826

 

 

 

 

 

 

Foreign subsidiaries:

 

 

 

 

 

Essity Group Holding BV

33181970

Amsterdam, Netherlands

246,347

100

174,328

Essity Italy S.p.A

3318780966

Capannori, Italy

125,000

25

279

Total carrying amount of subsidiaries

 

 

 

 

175,447

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”).

1. Essity GmbH, domicile in Mannheim, Germany

2. Essity Holding GmbH, domicile in Ismaning, Germany

3. Essity Operations Neuss GmbH, domicile in Neuss, Germany

4. Essity Operations Mannheim GmbH, domicile in Mannheim, Germany

5. Essity Operations Mainz-Kostheim GmbH, domicile in Wiesbaden, Germany

6. Essity Professional Hygiene Germany GmbH, domicile in Mannheim, Germany

7. Essity Germany GmbH, domicile in Mannheim, Germany

8. Essity Operations Witzenhausen GmbH, domicile in Witzenhausen, Germany

9. Essity Hygiene Holding GmbH, domicile in Mannheim, Germany

10. BSN medical GmbH, domicile in Hamburg, Germany

11. BSN medical IP GmbH, domicile in Hamburg, Germany

12. BSN-Jobst GmbH, domicile in Emmerich am Rhein, Germany