Shareholdings in Group companies are reviewed on a yearly basis to assess their cash generating capabilities by applying either a mixed calculation method based on the equity value and the net result or, alternatively, the discounted cash flow model. In that review, the investments were classified and grouped in terms of sales and Business Areas.
The following shareholdings in Group companies were valued using the discounted cash flow method: Clariant S.A. (Brazil), Clariant (Japan) K.K. and Clariant Corporation (US).
At the end of 2015, shareholdings in Group companies amounted to CHF 1 626 320 473 compared to CHF 2 371 124 758 at the end of 2014. Following that review, a revaluation of CHF 74 600 000 and a devaluation of CHF 920 600 000 million were recorded in the income statement, as revaluation income and expense.
In the year 2015, no hidden reserves were reversed. (2014: CHF 295 million.)
The table below shows the shareholdings directly held by Clariant Ltd
Country |
Company name |
|
Capital interest (%) |
Voting rights (%) |
Capital interest (%) |
Voting rights (%) |
||||||
|
|
|
2015 |
2015 |
2014 |
2014 |
||||||
Belgium |
Clariant Masterbatches Benelux SA |
Louvain-la-Neuve |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
Brazil |
Clariant S.A. |
Sao Paulo |
46.32 |
46.32 |
46.32 |
46.32 |
||||||
Canada |
Clariant (Canada) Inc. |
Toronto |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
China |
Clariant (China) Ltd |
Hong Kong |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
Colombia |
Clariant (Colombia) SA |
Cota |
5.13 |
5.13 |
5.13 |
5.13 |
||||||
Ecuador |
Clariant (Ecuador) S.A. |
Quito |
0.03 |
0.03 |
0.03 |
0.03 |
||||||
Finland |
Clariant Masterbatches (Finland) Oy |
Vantaa |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
France |
Clariant Services (France) |
Choisy-le-Roi |
43.00 |
43.00 |
43.00 |
43.00 |
||||||
Germany |
Clariant Verwaltungsgesellschaft mbH |
Sulzbach |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
Great Britain |
Clariant Horsforth Ltd |
Leeds |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
|
Clariant Services UK Ltd |
Leeds |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
Guatemala |
Clariant (Guatemala) SA |
Guatemala Stadt |
10.00 |
10.00 |
10.00 |
10.00 |
||||||
Ireland |
Clariant Masterbatches Ireland Ltd |
Naas |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
Japan |
Clariant (Japan) K.K. |
Tokyo |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
|
Clariant Catalysts (Japan) K.K. |
Tokyo |
61.45 |
61.45 |
61.45 |
61.45 |
||||||
Korea |
Clariant Chemicals (Korea) Ltd |
Pohang, Gyeongbuk |
0.01 |
0.01 |
0.01 |
0.01 |
||||||
Liechtenstein |
Clariant Insurance AG |
Triesen |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
Luxemburg |
Clariant Finance (Luxembourg) SA |
Luxembourg |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
Malaysia |
Clariant (Malaysia) Sdn Bhd |
Kuala Lumpur |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
Morocco |
Clariant (Maroc) SA |
Casablanca |
0.05 |
0.05 |
0.05 |
0.05 |
||||||
Mexico |
Clariant (Mexico) SA de CV |
Ecatepec de Morelos |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
New Zealand |
Clariant (New Zealand) Ltd |
Auckland |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
Norway |
Clariant Oil Services Scandinavia AS |
Bergen |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
Peru |
Clariant (Peru) SA |
Lima |
0.23 |
0.23 |
0.23 |
0.23 |
||||||
Singapore |
Clariant (Singapore) Pte Ltd |
Singapore |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
|
Clariant South East Asia Ltd |
Singapore |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
Spain |
Clariant Ibérica Servicios S.L. |
El Prat de Llobregat |
85.03 |
85.03 |
85.03 |
85.03 |
||||||
Sweden |
Clariant Masterbatches Norden AB |
Malmö |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
|
Clariant Production Sweden |
Mölndal |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
Switzerland |
Clariant Beteiligungen AG |
Muttenz |
99.00 |
99.00 |
99.00 |
99.00 |
||||||
|
Clariant Produkte (Schweiz) AG |
Muttenz |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
|
Clariant Reinsurance AG |
Muttenz |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
|
Infrapark Baselland AG |
Muttenz |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
|
Clariant International AG |
Muttenz |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
|
Clariant Oil Services AG |
Muttenz |
20.00 |
20.00 |
20.00 |
20.00 |
||||||
Thailand |
Clariant (Thailand) Ltd |
Klongton, Bangkok |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
Turkey |
Clariant (Türkiye) AS |
Gebze |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
UAE |
Clariant (Gulf) FZE |
Dubai |
100.00 |
100.00 |
100.00 |
100.00 |
||||||
USA |
Clariant Corporation |
Charlotte |
100.00 |
100.00 |
100.00 |
100.00 |
For further details on shareholdings indirectly held by Clariant Ltd, see note 34 Important subsidiaries of this report.
Cash flow
Economic indicator representing the operational net inflow of cash and cash equivalents during a given period. VIEW ENTIRE GLOSSARY
Business area
In 2013 Clariant adjusted its reporting segments and grouped its businesses with similar end-user markets and growth drivers. Today, the company reports in four distinct Business Areas: Care Chemicals, Catalysis, Natural Resources, and Plastics & Coatings. VIEW ENTIRE GLOSSARY