Notes to the financial statements « Previous page   Next page »

Amounts in SEKm unless otherwise stated

Note 26 Shares and participations

Holding, %

Book value, equity
method, SEKm

Associated companies and joint ventures
Atlas Eléctrica, S.A., Costa Rica 18.4 65
Eureka Forbes Ltd, India 40.0 63
Shanghai-Zanussi Elettromeccanica Co. Ltd, China 30.0 50
Saudi Refrig Mfg, Saudi Arabia 49.0 35
Sidème S.A., France 34.0 21
Viking Financial Services, USA 50.0 7
A/O Khimki Husqvarna, Russia 50.0 2
IVG Bulka-Lehel GmbH, Germany 50.0 1
e2 Home AB, Sweden 50.0 1
Manson Tools AB, Sweden 49.0 0
MISR Compressor Manufacturing, Co., S.A.E., Egypt 27.7 –55
190


The total acquistion cost for these associated companies and joint ventures is SEK 295m.
Electrolux does not have unlimited liability for any of these companies.

Holding, %

Book value, equity
method, SEKm
Other companies
Primus Capital Fund II, USA 119
Veneta Factoring S.p.A., Italy 10.0 19
Winful J/V, China 5.0 18
Business Partners B.V., The Netherlands 0.7 18
Nordwaggon AB, Sweden 50.0 9
Kotimaiset Kotitalouskoneet Oy, Finland 50.0 5
Other - 16
204


Holding, %
Subsidiaries
Major Group companies:
Australia Electrolux Home Products Pty. Ltd 100
Austria Electrolux Hausgeräte G.m.b.H. 100
Electrolux Austria G.m.b.H. 100
Verdichter OE G.m.b.H. 100
Belgium Electrolux Home Products Corp. N.V. 100
Electrolux Belgium N.V. 100
Brazil Electrolux Ltda 100
Electrolux do Brasil S.A. 99.9
Canada Electrolux Canada Corp. 100
China Electrolux Home Appliances (Hangzhou) Co. Ltd 100
Electrolux Zhongyi (Changsha) Refrigerators Co. Ltd 60
Zanussi Zhongyi (Changsha) Refrigerators Co. Ltd 60
Zanussi Elettromeccanica Tianjin Compressor Co. Ltd 50
Denmark Electrolux Holding A/S 100
Electrolux Home Products Denmark A/S 100
A/S Vestfrost 50
Finland Oy Electrolux Ab 100
Oy Electrolux Kotitalouskoneet Ab 100
France Electrolux France S.A. 100
Electrolux Home Products France S.A. 100
Electrolux Professionnel S.A. 100
Germany Electrolux Deutschland GmbH 100
AEG Hausgeräte GmbH 100
FHP Motors GmbH 100
Hungary Electrolux Lehel Hütögépgyár Kft 100
India Electrolux Kelvinator Ltd 76
Italy Electrolux Zanussi S.p.A. 100
Zanussi Elettromeccanica S.p.A.  100
Electrolux Professional S.p.A. 100
Electrolux Zanussi Italia S.p.A. 100
Luxembourg Electrolux Luxembourg S.à r.l. 100
Mexico Electrolux de Mexico, S.A. de CV 100
Kelvinator de Mexico S.A. de CV 100
The Netherlands Electrolux Associated Company B.V.  100
Electrolux Holding B.V. 100
Electrolux Home Products B.V. 100
Norway Electrolux Norge AS 100
Spain Electrolux España S.A.  100
Electrolux Home Products España S.A. 100
Electrolux Home Products Operation España S.L. 100
Cubigel S.A. 100
Sweden Husqvarna AB 100
Electrolux Wascator AB 100
Electrolux Hemprodukter AB 100
Electrolux Professional AB 100
Switzerland Electrolux Holding AG 100
A+T Hausgeräte AG 100
United Kingdom Electrolux UK Ltd 100
Electrolux Holdings Ltd 100
Electrolux Outdoor Products Ltd 100
Electrolux Professional Ltd 100
Electrolux Household Appliances Ltd 100
USA Electrolux Home Products Inc. 100
Electrolux North America Inc. 100
Electrolux Professional Inc. 100
Electrolux Professional Outdoor Products Inc. 100



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