PC6. Participations

AP ACCOUNTING PRINCIPLES

The Parent Company recognizes all holdings in Group companies at cost after deduction for any accumulated impairment losses.

Participations in Group companies

 

Subsidiaries

Other companies

Total

SEKm

2016

2015

2016

2015

2016

2015

Accumulated costs

79,772

139,982

0

6

79,772

139,988

Accumulated write-ups

140

140

Accumulated impairment

–242

–242

Total

79,772

139,880

0

6

79,772

139,886

 

 

 

 

 

 

 

Value, January 1

139,880

133,636

6

13

139,886

133,649

Investments

108,174

6,346

108,174

6,346

Divestments

–167,601

0

–6

–7

–167,607

–7

Impairment for the period

–681

–102

–681

–102

BS TPC6:1 Value, December 31

79,772

139,880

0

6

79,772

139,886

In 2016, the Group acquired three intra-Group companies at a total value of SEK 0m. In addition, the company provided capital contributions to subsidiaries in the total amount of SEK 75,681m and obtained new shares in SCA Capital NV in the form of a one-off distribution valued at SEK 32,493m. All shares in SCA Group Holding BV were divested at the carrying amount of SEK 95,836m. Shares in subsidiaries were impaired with the amount of SEK 681m. As per December 30, 2016, all shares in six subsidiaries were transferred at carrying amount via an agreement on the transfer of assets and liabilities with SCA Hygiene AB. The shares in SCA Försäkringsaktiebolag were included in the transfer, however, pending the approval of the Swedish Financial Supervisory Authority, the holding is recognized among participations in subsidiaries.

TPC6:1 Parent Company’s holdings of shares and participations in subsidiaries, December 31, 2016

Company name

Corp. Reg. No.

Domicile

No. of shares

Share of equity, %

Carrying amount, SEKm

 

German subsidiaries released from public duties. The following German companies are fully consolidated and released from the publication duties pursuant to Sec. 264 para. 3 of the German Commercial Code (“HGB”).

 

1. SCA GmbH, with registered office in Mannheim, Germany

 

2. SCA Hygiene Products Holding GmbH, with registered office in Ismaning, Germany

 

3. SCA Hygiene Products GmbH Neuss, with registered office in Neuss, Germany

 

4. SCA Hygiene Products GmbH, with registered office in Mannheim, Germany

 

5. SCA Hygiene Products GmbH, with registered office in Wiesbaden, Germany

 

6. SCA Hygiene Products AFH Sales GmbH, with registered office in Mannheim, Germany

 

7. SCA Hygiene Products Vertriebs GmbH, with registered office in Mannheim, Germany

 

8. SCA Hygiene Products GmbH Witzenhausen, with registered office in Witzenhausen, Germany

 

9. SCA Hygiene GmbH, with registered office in Mannheim, Germany

 

 

 

 

 

 

Swedish subsidiaries:

 

 

 

 

 

SCA Hygiene AB

556325-5511

Stockholm, Sweden

5,000

100

75,000

SCA Försäkringsaktiebolag

516401-8540

Stockholm, Sweden

140,000

100

14

SCA Graphic Holding Aktiebolag

556479-2058

Stockholm, Sweden

1,000

100

4,758

SCA Skogsfastigheter AB

556207-6256

Stockholm, Sweden

1,000

100

0

SCA Kraftfastigheter Aktiebolag

556449-7237

Stockholm, Sweden

1,000

100

0

Total carrying amount of subsidiaries

 

 

 

 

79,772