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 are 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 South East Asia Pte Ltd, Clariant Southern Africa Pty. and Clariant Finance (Luxembourg) S.A.
At the end of 2016, shareholdings in Group companies amount to CHF 1 830 936 683 compared to CHF 1 626 320 473 at the end of 2015. After this review, the following was recorded in the income statement: A reversal of devaluation of CHF 179 500 000 in »Reversal of devaluations on shareholdings in Group companies« and a devaluation of CHF 65 300 000 and other expenses related to Group companies in »Devaluations of shareholdings and other expenses related to Group companies« in the income statement.
In the year 2016, no hidden reserves were reversed (2015: nil).
The table below shows the shareholdings directly held by Clariant Ltd.
Country |
Company name |
|
Capital interest (%) |
Voting rights (%) |
Capital interest (%) |
Voting rights (%) |
||||||
|
|
|
2016 |
2016 |
2015 |
2015 |
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Belgium |
Clariant Masterbatches Benelux SA |
Louvain-la-Neuve |
— |
— |
100.00% |
100.00% |
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Brazil |
Clariant S.A. |
Sao Paulo |
46.32% |
46.32% |
46.32% |
46.32% |
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Canada |
Clariant (Canada) Inc. |
Toronto |
100.00% |
100.00% |
100.00% |
100.00% |
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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% |
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Finland |
Clariant Masterbatches (Finland) Oy |
Vantaa |
— |
— |
100.00% |
100.00% |
||||||
France |
Clariant Services (France) |
Choisy-le-Roi |
43.00% |
43.00% |
43.00% |
43.00% |
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Germany |
Clariant Verwaltungsgesellschaft mbH |
Sulzbach |
100.00% |
100.00% |
100.00% |
100.00% |
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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 City |
— |
— |
10.00% |
10.00% |
||||||
|
Clariant Specialties (Guatemala) SA |
Guatemala City |
10.00% |
10.00% |
— |
— |
||||||
Ireland |
Clariant Masterbatches Ireland Ltd |
Naas |
— |
— |
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 Plastics & Coatings Ltd |
Pohang, Gyeongbuk |
17.50% |
17.50% |
17.50% |
17.50% |
||||||
|
Clariant (Korea) Ltd |
Pohang, Gyeongbuk |
17.50% |
17.50% |
— |
— |
||||||
Liechtenstein |
Clariant Insurance AG |
Triesen |
— |
— |
100.00% |
100.00% |
||||||
Luxembourg |
Clariant Finance (Luxembourg) SA |
Luxembourg |
100.00% |
100.00% |
100.00% |
100.00% |
||||||
Malaysia |
Clariant (Malaysia) Sdn Bhd |
Kuala Lumpur |
— |
— |
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 |
99.99% |
99.99% |
99.99% |
99.99% |
||||||
|
Clariant Plastics & Coatings Mexico SA de CV |
Ecatepec de Morelos |
99.99% |
99.99% |
— |
— |
||||||
New Zealand |
Clariant (New Zealand) Ltd |
Auckland |
— |
— |
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% |
||||||
|
Clariant South East Asia Ltd |
Singapore |
100.00% |
100.00% |
100.00% |
100.00% |
||||||
South Africa |
Clariant Southern Africa Pty |
Chloorkop |
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% |
||||||
|
Clariant Production Sweden |
Mölndal |
100.00% |
100.00% |
100.00% |
100.00% |
||||||
Switzerland |
Clariant Plastics & Coatings AG |
Muttenz |
99.00% |
99.00% |
99.00% |
99.00% |
||||||
|
Clariant Produkte (Schweiz) AG |
Muttenz |
— |
— |
100.00% |
100.00% |
||||||
|
Clariant Reinsurance AG |
Muttenz |
100.00% |
100.00% |
100.00% |
100.00% |
||||||
|
Infrapark Baselland AG |
Muttenz |
— |
— |
100.00% |
100.00% |
||||||
|
Clariant International AG |
Muttenz |
100.00% |
100.00% |
100.00% |
100.00% |
||||||
|
Clariant Oil Services AG |
Muttenz |
80.00% |
80.00% |
20.00% |
20.00% |
||||||
Thailand |
Clariant (Thailand) Ltd |
Klongton, Bangkok |
100.00% |
100.00% |
100.00% |
100.00% |
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Turkey |
Clariant (Türkiye) AS |
Gebze |
100.00% |
100.00% |
100.00% |
100.00% |
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UAE |
Clariant (Gulf) FZE |
Dubai |
100.00% |
100.00% |
100.00% |
100.00% |
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USA |
Clariant Corporation |
Charlotte |
100.00% |
100.00% |
100.00% |
100.00% |
For further details on shareholdings indirectly held by Clariant Ltd, see note 36 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 into four distinct Business Areas: Care Chemicals, Catalysis, Natural Resources, and Plastics & Coatings. VIEW ENTIRE GLOSSARY