5. Shareholdings in Group Companies
Audited informationShareholdings 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) and Clariant Finance (Luxembourg) S.A.
At the end of 2017, shareholdings in Group companies amount to CHF 1 813 746 020 compared to CHF 1 830 936 683 at the end of 2016. After this review, the following was recorded in the income statement: A reversal of devaluation of CHF 108 600 000 (2016: CHF 179 500 000) in »Reversal of devaluations on shareholdings and other income related to Group Companies« and a devaluation of CHF 101 600 000 (2016: CHF 193 300 000) in »Devaluations of shareholdings and other expenses related to Group Companies«.
In the year 2017, CHF 58 million of hidden reserves were reversed (2016: nil).
The table below shows the shareholdings directly held by Clariant Ltd.
Country |
Company name |
|
Capital interest (%) |
Voting rights (%) |
Capital interest (%) |
Voting rights (%) |
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|
|
|
2017 |
2017 |
2016 |
2016 |
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Brazil |
Clariant S.A. |
São 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% |
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Colombia |
Clariant (Colombia) S.A. |
Cota (Cundinamarca) |
5.13% |
5.13% |
5.13% |
5.13% |
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Ecuador |
Clariant (Ecuador) S.A. |
Quito |
0.03% |
0.03% |
0.03% |
0.03% |
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France |
Clariant Services (France) |
Choisy-le-Roi |
43.00% |
43.00% |
43.00% |
43.00% |
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Germany |
Clariant Verwaltungsgesellschaft mbH |
Frankfurt a.M. |
100.00% |
100.00% |
100.00% |
100.00% |
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Great Britain |
Clariant Services UK Ltd |
Yeadon, Leeds |
100.00% |
100.00% |
100.00% |
100.00% |
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|
Clariant Horsforth Ltd |
Yeadon, Leeds |
0.00% |
0.00% |
100.00% |
100.00% |
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Guatemala |
Clariant Specialties (Guatemala) S.A. |
Guatemala City |
10.00% |
10.00% |
10.00% |
10.00% |
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Japan |
Clariant (Japan) K.K. |
Tokyo |
100.00% |
100.00% |
100.00% |
100.00% |
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|
Clariant Catalysts (Japan) K.K. |
Tokyo |
61.45% |
61.45% |
61.45% |
61.45% |
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Korea |
Clariant Plastics & Coatings (Korea) Ltd. |
Pohang, Gyeongbuk |
17.50% |
17.50% |
17.50% |
17.50% |
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|
Clariant (Korea) Ltd. |
Pohang, Gyeongbuk |
17.50% |
17.50% |
17.50% |
17.50% |
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Luxembourg |
Clariant Finance (Luxembourg) S.A. |
Luxembourg |
100.00% |
100.00% |
100.00% |
100.00% |
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Morocco |
Clariant (Maroc) S.A. |
Casablanca |
0.05% |
0.05% |
0.05% |
0.05% |
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Mexico |
Clariant (Mexico) S.A. de C.V. |
Ecatepec de Morelos |
99.99% |
99.99% |
99.99% |
99.99% |
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|
Clariant Plastics & Coatings Mexico S.A. de C.V. |
Ecatepec de Morelos |
99.99% |
99.99% |
99.99% |
99.99% |
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Norway |
Clariant Oil Services Scandinavia AS |
Bergen |
100.00% |
100.00% |
100.00% |
100.00% |
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Peru |
Clariant (Perú) S.A. |
Lima |
0.23% |
0.23% |
0.23% |
0.23% |
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Singapore |
Clariant South East Asia Pte. Ltd. |
Singapore |
100.00% |
100.00% |
100.00% |
100.00% |
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South Africa |
Clariant Southern Africa (Pty) Ltd. |
Chloorkop, Gauteng |
100.00% |
100.00% |
100.00% |
100.00% |
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Spain |
Clariant Ibérica Servicios S.L. |
El Prat de Llobregat |
85.03% |
85.03% |
85.03% |
85.03% |
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Sweden |
Clariant Production Sweden AB |
Mölndal |
100.00% |
100.00% |
100.00% |
100.00% |
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Switzerland |
Clariant Plastics & Coatings AG |
Muttenz |
100.00% |
100.00% |
99.00% |
99.00% |
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|
Clariant Reinsurance AG |
Muttenz |
100.00% |
100.00% |
100.00% |
100.00% |
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|
Clariant International AG |
Muttenz |
100.00% |
100.00% |
100.00% |
100.00% |
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|
Clariant Oil Services AG |
Muttenz |
80.00% |
80.00% |
80.00% |
80.00% |
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Thailand |
Clariant (Thailand) Ltd. |
Bangkok |
100.00% |
100.00% |
100.00% |
100.00% |
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Turkey |
Clariant (Türkiye) A.S. |
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 35, Important subsidiaries of this report.
Economic indicator representing the operational net inflow of cash and cash equivalents during a given period. VIEW ENTIRE GLOSSARY
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