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.
|
Subsidiaries |
|
|---|---|---|
SEKm |
2021 |
2020 |
Accumulated costs |
176,612 |
175,500 |
Accumulated impairment |
–53 |
–53 |
Carrying amount |
176,559 |
175,447 |
|
|
|
Value, January 1 |
175,447 |
175,448 |
Investments |
1,391 |
– |
Divestments |
–279 |
–8 |
Reversal of impairment |
– |
7 |
BS TPC7:1 Value, December 31 |
176,559 |
175,447 |
During the fiscal year, the Parent company made capital contributions amounting to SEK 1,370m to Essity Group Holding B.V., of which SEK 279m relates to 25% of the shares in Essity Italy S.p.A. In addition, SEK 21m was invested in Essity Capital B.V.
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 |
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 B.V. |
33181970 |
Amsterdam, Netherlands |
246,347 |
100 |
175,698 |
Essity Capital B.V. |
82525897 |
Amsterdam, Netherlands |
2,000,000 |
100 |
21 |
Total carrying amount of subsidiaries |
|
|
|
|
176,559 |
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