PC6. Participations
AP ACCOUNTING PRINCIPLES
The Parent Company recognizes all holdings in Group companies at cost after deduction for any accumulated impairment losses.
|
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.
Company name |
Corp. Reg. No. |
Domicile |
No. of shares |
Share of equity, % |
Carrying amount, SEKm |
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Swedish subsidiaries: |
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|
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SCA Hygiene AB |
556325-5511 |
Stockholm, Sweden |
5,000 |
100 |
75,000 |
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SCA Försäkringsaktiebolag |
516401-8540 |
Stockholm, Sweden |
140,000 |
100 |
14 |
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SCA Graphic Holding Aktiebolag |
556479-2058 |
Stockholm, Sweden |
1,000 |
100 |
4,758 |
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SCA Skogsfastigheter AB |
556207-6256 |
Stockholm, Sweden |
1,000 |
100 |
0 |
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SCA Kraftfastigheter Aktiebolag |
556449-7237 |
Stockholm, Sweden |
1,000 |
100 |
0 |
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Total carrying amount of subsidiaries |
|
|
|
|
79,772 |