Relevant GRI Indicators

Note 14. Shares in Group companies

 

Parent Company

 

 

 

 

2017

2018

Cost

 

 

At beginning of year

34,469

34,083

Additions

0

4,793

Capital contributions

265

93

Divestments

–651

–6,654

Total

34,083

32,315

 

 

 

Accumulated impairment losses

 

 

At beginning of year

–1,374

–1,541

Impairment losses for the year

–167

–13

Impairment reversed during the year

0

Total

–1,541

–1,554

 

 

 

Accumulated revaluations

 

 

At beginning of year

16

16

Total

16

16

Carrying amount at year-end

32,558

30,777

Sandvik AB’s holdings of shares and participations in subsidiaries – direct holdings, according to balance sheet at 31 December

 

 

2017

2018

Company, domicile

Corp. Reg. number

No. of shares

Holding, %2)

Carrying amount 000s SEK

No. of shares

Holding, %2)

Carrying amount 000s SEK

1)

Subsidiaries conducting business on behalf of the Parent Company.

2)

Refers to voting rights, which also equals share of capital unless otherwise indicated.

3)

Remaining shares are held by other Group companies.

4)

Share of capital 76%.

5)

Shares up to an ownership interest of 100% are held by other Group companies.

SWEDEN

 

 

 

 

 

 

 

Gimo Utbildningsaktiebolag, Gimo

556061–4041

1,000

91

8,354

1,000

91

Gusab Holding AB, Sandviken

556001–9290

1,831,319

100

53,474

Gusab Stainless AB, Mjölby

556012–1138

200,000

100

23,788

Industri AB Skomab, Sandviken

556008–8345

2,000

100

23,729

2,000

100

21,946

Sandvik Global Purchasing AB, Stockholm

556052–4315

1,000

100

50

1,000

100

50

Sandvik Mining AB, Sandviken1)

556659–6952

1,000

100

100

1,000

100

100

AB Sandvik Coromant, Sandviken1)

556234–6865

1,000

100

50

1,000

100

50

Sandvik Coromant Sverige AB, Stockholm1)

556350–7846

1,000

100

100

1,000

100

100

Sandvik Far East Ltd. AB, Sandviken

556043–7781

10,000

100

10,000

10,000

100

10,000

Sandvik Försäkrings AB, Sandviken

516401–6742

1,500

100

35,000

1,500

100

81,000

Sandvik Hyperion AB, Stockholm1)

556234–6857

1,000

100

50

Sandvik Besöksservice AB, Sandviken1)

556235–3838

1,000

100

50

1,000

100

50

Sandvik Intellectual Property AB, Sandviken

556288–9401

1,000,000

100

3,499,950

1,000,000

100

3,499,950

AB Sandvik International, Sandviken1)

556147–2977

1,000

100

50

1,000

100

50

Sandvik Materials Technology EMEA AB, Stockholm

556734–2026

501,000

100

50,100

501,000

100

50,100

AB Sandvik Materials Technology, Sandviken1)

556234–6832

1,000

100

2,050

1,000

100

2,050

Sandvik Construction AB, Sandviken1)

556664–9983

1,000

100

100

1,000

100

100

Sandvik Mining and Construction Sverige AB, Sandviken1)

556288–9443

1,000

100

50

1,000

100

50

Sandvik Mining and Construction Tools AB, Sandviken1)

556234–7343

1,000

100

50

1,000

100

50

Sandvik Nora AB, Nora

556075–0506

80,000

100

8,000

80,000

100

8,000

Sandvik Powder Solutions AB, Surahammar

556032–6760

600

100

60,000

600

100

60,000

Sandvik Rotary Tools AB, Köping

556191–8920

101,000

100

103,231

101,000

100

103,231

AB Sandvik Skogsfastigheter, Sandviken

556579–5464

1,000

100

51

1,000

100

51

AB Sandvik Steel Investment, Sandviken

556350–7853

1,000

100

100

1,000

100

100

Sandvik Stål Försäljnings AB, Stockholm1)

556251–5386

1,000

100

50

1,000

100

50

Sanrip AB, Sandviken1)

556692–0038

1,000

100

100

1,000

100

100

Sandvik Machining Solutions AB, Sandviken1)

556692–0053

1,000

100

100

1,000

100

100

Sandvik Utbildnings AB, Sandviken

556304–8791

910

91

9,391

910

91

18,355

Sandvikens Brukspersonals Byggnadsförening upa, Sandviken

785500–1686

100

0

100

0

Dormer Pramet AB, Halmstad

556240–8210

80,000

100

46,145

80,000

100

46,145

Walter Norden AB, Halmstad

556752–4698

15,000

100

5,139

15,000

100

5,139

Sandvik Mining and Construction Köping AB, Köping1)

556776–9525

1,000

100

100

1,000

100

100

Wire Sandviken AB, Sandviken1)

556779–3897

1,000

100

100

1,000

100

100

Sandvik IT Services AB, Sandviken1)

556788–9059

1,000

100

100

1,000

100

100

Sandvik Venture AB, Stockholm1)

556868–7155

1,000

100

100

1,000

100

100

Sandvik Credit AB, Stockholm

556843–7296

10,000

100

75,000

10,000

100

75,000

Seco Tools AB, Fagersta

556071–1060

145,467,690

100

15,658,859

145,467,690

100

15,658,859

Sandvik AB’s holdings of shares and participations in foreign subsidiaries – direct holdings, according to balance sheet at 31 December

 

 

2017

2018

Country/Location

Company

No. of shares

Holding, %2)

Carrying amount 000s SEK

No. of shares

Holding, %2)

Carrying amount 000s SEK

1)

Subsidiaries conducting business on behalf of the Parent Company.

2)

Refers to voting rights, which also equals share of capital unless otherwise indicated.

3)

Remaining shares are held by other Group companies.

4)

Share of capital 76%.

5)

Shares up to an ownership interest of 100% are held by other Group companies.

Australia

Sandvik Australia Pty. Ltd.

253.4)

235,382

253,4)

235,382

 

Sandvik Australian Ltd. Partnership

99

99

Brazil

Dormer Tools S.A.

2,137,623,140

100

461,197

 

Sandvik do Brasil S.A.

1,894,797,190

100

821,575

 

Sandvik Materials Technology do Brasil S.A.

10,877,380

100

193,284

 

Sandvik MGS S.A.

14,999,998

100

11,064

 

Sandvik Mining and Construction do Brasil S.A.

85,329,996

100

942,434

 

Sandvik Holding Do Brasil Ltda

 

 

 

339,135,756

100

790,695

 

Walter do Brasil Ltda

1,809,999

100

109,574

Bulgaria

Sandvik Bulgaria Ltd.

100

0

100

0

Chile

Sandvik Credit Chile S.A.

9,900

99

165,331

9,900

99

165,331

China

Sandvik China Holding Co Ltd.

100

1,263,072

100

1,263,072

 

Sandvik Materials Technology (China) Ltd.

583)

282,749

583)

282,749

Czech Republic

Sandvik CZ s.r.o.

100

0

100

0

Democratic Republic of Congo

Sandvik Mining and Construction DRC S.P.R.L.

9,990

100

9,990

100

Hungary

Sandvik Magyarorszag Kft.

100

3,258

100

3,258

India

Sandvik Asia Ltd.

1,801,241

755)

252,481

1,801,241

755)

252,481

Ireland

Sandvik Mining and Construction Logistics Ltd.

100

100

5,508

100

100

5,508

Japan

Sandvik K.K.

2,780,000

100

224,701

2,780,000

100

224,701

Korea

Sandvik Korea Ltd.

752,730

100

46,856

752,730

100

46,856

Mali

Sandvik Mining and Construction Mali

25,000

100

3,462

25,000

100

3,462

Mexico

Sandvik Méxicana S.A. de C.V.

406,642,873

903)

712,312

406,642,873

903)

712,312

Mongolia

Sandvik Mongolia LLC.

400,000

100

2,682

400,000

100

2,682

Netherlands

Sandvik Finance B.V.

18,788

100

7,093,582

18,788

100

7,093,582

 

Frost Holding B.V.

1

100

0

1

100

0

Peru

Sandvik del Perú S.A.

6,562,795

903)

26,025

6,562,795

903)

26,025

Slovakia

Sandvik Slovakia s.r.o.

100

1,238

100

1,238

Turkey

Sandvik Endüstriyel Mamüller Sanayi ve Ticaret A.S.

125,154,588

100

3,200

125,154,588

100

3,200

UAE

Sandvik Middle East FZE.

1

100

19,886

1

100

19,886

Zimbabwe

Sandvik Mining and Construction Zimbabwe (Pty) Ltd.

233,677

100

3,269

233,677

100

3,269

Total

 

 

 

32,557,783

 

 

30,776,865

Sandvik AB’s holdings of shares and participations in subsidiaries. indirect holdings in operating group companies group holding, %

Country/Location

Company

20171)

20181)

1)

Refers to share of capital, which also corresponds to voting rights for the total number of shares, unless otherwise stated.

2)

Share of votes 60% (60).

Sweden

Kanthal AB

100

100

 

Sandvik SRP AB

100

100

 

Sandvik Treasury AB

100

100

 

Alfa Tool International AB

100

100

 

Dormer Pramet AB

100

100

 

AB Sandvik Materials Technology (fastighetsbolaget) Metrologic Services Nordic AB

100

100
100

 

Pramet Scandinavia AB

100

100

 

Seco Aktiebolag

100

100

Argentina

Sandvik Argentina S.A.

100

100

 

Sandvik Mining and Construction Argentina S.A.

100

100

Australia

Sandvik Mining and Construction Pty. Ltd. Australia

100

100

 

Sandvik Mining and Construction Australia (Production Supply) Pty. Ltd

100

100

 

Seco Tools Australia Pty. Ltd.

100

100

 

Varel International (Australia) Pty., Ltd.

100

100

Austria

Walter Austria GmbH

100

100

 

Wolfram Bergbau und Hütten AG

100

100

 

Sandvik in Austria Ges.m.b.H.

100

100

 

Sandvik Mining and Construction GmbH

100

100

 

Sandvik Mining and Construction Materials Handling GmbH & Co. KG

100

100

 

Seco Tools Gesellschaft m.b.H.

100

100

Belgium

Walter Benelux N.V./S.A.

100

100

 

S.A. Seco Tools Benelux N.V.

100

100

Botswana

Sandvik Botswana Pty.Ltd.

100

100

Brazil

Seco Tools Indústria e Comércio Ltd.

100

100

 

Sandvik do Brasil

100

100

 

Sandvik Arames Ltd.

100

 

Sandvik Holding Do Brazil

100

Burkina Faso

Sandvik Mining and Rock Technology Burkina Faso

100

Canada

Sandvik Canada Inc.
Inrock Ltd. (Canada)

100

100
100

 

Varel Rock Bits Canada, Inc.

100

100

Chile

Sandvik Chile S.A.

100

100

 

Sandvik Mining and Construction Chile S.A.

100

100

China

Sandvik International Trading (Shanghai) Co. Ltd.

100

100

 

Sandvik Mining and Construction (China) Co. Ltd.

100

100

 

Sandvik Mining and Construction Trading (Shanghai) Co. Ltd.

100

100

 

Sandvik Hyperion (Wuxi) Co., Ltd.

100

 

Sandvik Tooling Round Tools Langfang Co., Ltd.

100

100

 

Sandvik Tooling Production (Langfang) Co. Ltd.

100

100

 

Sandvik Coromant Cutting Tools (Shanghai) Ltd.

100

100

 

Sandvik (Qingdao) Ltd.

100

100

 

Walter Wuxi Co. Ltd.

100

100

 

Shanghai Jianshe Luqiao Machinery Co. Ltd

80

80

 

Shandong Energy Machinery Group ZhongRui Mining Equipment Manufacturing Co., Ltd

502)

502)

 

Seco Tools (Shanghai) Co. Ltd.

100

100

 

Pramet Tools (Shanghai) Co. Ltd.

100

100

 

Dormer Tools (Shanghai) Co Ltd

100

100

Colombia

Sandvik Colombia S.A.S.

100

100

Czech Republic

Sandvik Chomutov Precision Tubes s.r.o.

100

100

 

Walter CZ s.r.o.

100

100

 

Seco Tools CZ s.r.o.

100

100

 

Pramet Tools s.r.o.

100

100

Denmark

Sandvik A.S

100

100

 

Seco Tools A.S

100

100

Finland

Sandvik Mining and Construction Finland Oy

100

100

 

Sandvik Mining and Construction Oy

100

100

 

Sandvik Coromant Finland Oy

100

 

Seco Tools Oy

100

100

France

Sandvik Mining and Construction Chauny S.A.S.
Sandvik Hyperion S.A.S.

100
100

100

 

Sandvik Materials Technology France S.A.S.

100

100

 

Sandvik Mining and Construction Lyon S.A.S.

100

100

 

Sandvik Mining and Construction France S.A.S.

100

100

 

Sandvik Tooling France S.A.S.

100

100

 

Gunther Tools S.A.S.

100

100

 

Financière Metrolog S.A.S.

100

 

Metrologic Group S.A.S.

99

 

Metrologic Services S.A.S.

100

 

Metrologic Holding France

100

 

Safety Production S.A.S.

100

100

 

Walter France S.A.S.

100

100

 

Seco Tools France S.A.S.

100

100

 

SECO - E.P.B S.A.S.

100

100

 

Varel Europe S.A.S.

100

100

 

Seco Tools Reaming S.A.S.

100

100

Germany

Sandvik Mining and Construction Crushing Technology GmbH

100

100

 

Prototyp-Werke GmbH

100

100

 

Sandvik Materials Technology Deutschland GmbH

100

100

 

Sandvik Mining and Construction Europe GmbH

100

100

 

Sandvik Mining and Construction Supply GmbH

100

100

 

Sandvik Tooling Deutschland GmbH

100

100

 

TDM Systems GmbH

100

100

 

Walter AG

100

100

 

Comara GmbH

100

100

 

Walter Deutschland GmbH

100

100

 

Werner Schmitt PKD-Werkzeug GmbH

100

100

 

Seco Tools GmbH

100

100

 

Metrologic Group GmbH

100

 

Sandvik Mining & Construction Central Europe GmbH

100

100

Ghana

Sandvik Mining and Construction Ghana Ltd.

100

100

Hong Kong

Sandvik Hong Kong Ltd.

100

100

 

Smooth Team Investments Limited

100

Hungary

Walter Hungaria Kft.

100

100

 

Seco Tools Kft.

100

100

India

Walter Tools India Pvt. Ltd.

100

100

 

Seco Tools India Private Limited

100

100

Indonesia

PT Sandvik Indonesia

100

100

 

PT Sandvik Mining and Construction Indonesia

100

100

 

PT Sandvik SMC

100

100

Italy

Sandvik Italia S.p.A.

100

100

 

Walter Italia S.R.L.

100

100

 

Seco Tools Italia S.p.A.

100

100

 

Metrologic Group Italia S.R.L.

100

Japan

Sandvik Tooling Supply Japan K.K.

100

100

 

Walter Japan K. K.

100

100

 

Seco Tools Japan K.K.

100

100

Kazakhstan

Sandvik Mining and Construction Kazakhstan Ltd

100

100

Korea

Sandvik SuhJun Ltd.

100

100

 

Walter Korea Ltd.

100

100

 

Seco Tools Korea Ltd.

100

100

Malaysia

Sandvik Malaysia Sdn. Bhd.

100

100

 

Sandvik Mining and Construction (Malaysia) Sdn. Bhd.

100

100

Mexico

Sandvik S.A. de C.V.

100

100

 

Sandvik Mining and Construction de México S.A. de C.V.

100

100

 

Walter Tools S.A. de C.V.

100

100

 

Sandvik Hard Materials de Mexico S.A. de C.V.

100

100

 

Varel de Mexico S.A. de C.V.

100

100

 

Varel International de Mexico S.A. de C.V.

100

100

Namibia

Sandvik Namibia Pty.Ltd

100

100

Netherlands

Jabro Tools B.V.

100

100

Nigeria

Sandvik Mining and Construction Nigeria Ltd.

100

100

Norway

Teeness ASA

100

100

 

Sandvik Norge A.S

100

100

 

Seco Tools A.S

100

100

New Zealand

Sandvik New Zealand Ltd.

100

100

Philippines

Sandvik Tamrock (Philippines) Inc.

100

100

Poland

Walter Polska Sp. z.o.o.

100

100

 

Seco Tools (Poland) Sp. z.o.o.

100

100

Romania

Sandvik SRL

100

100

 

Walter Tools SRL

100

100

Russia

LLC Sandvik

100

100

 

OOO Walter

100

100

 

Sandvik Mining and Construction CIS LLC

100

100

 

Sandvik-MKTC OAO

100

100

 

LLC Pramet

100

100

 

LLC “Seco Tools”

100

100

Singapore

Sandvik Mining and Construction S.E. Asia Pte. Ltd.

100

100

 

Sandvik South East Asia Pte. Ltd.

100

100

 

Walter AG Singapore Pte. Ltd.

100

100

 

Seco Tools (SEA) Pte. Ltd.

100

100

Slovakia

Walter Slovakia s.r.o.

100

100

Slovenia

Sandvik D.o.o.

100

100

 

Walter Tools d.o.o.

100

100

South Africa

Sandvik Mining RSA (Pty) Ltd.

100

100

 

Sandvik (Pty) Ltd.

100

100

 

Seco Tools South Africa (Pty) Ltd.

100

100

Spain

Sandvik Española S.A.

100

100

 

Walter Tools Iberica S.A.U.

100

100

 

Metrologic Group Spain S.L.

100

 

Seco Tools España S.A.

100

100

Switzerland

Sandvik AG

100

100

 

Santrade Ltd.

100

100

 

Walter (Schweiz) AG

100

100

 

Seco Tools AG

100

100

Taiwan

Sandvik Taiwan Ltd.

100

100

 

Sandvik Hyperion Taiwan Limited

100

Tanzania

Sandvik Mining and Construction Tanzania Ltd.

100

100

Thailand

Sandvik Thailand Ltd.

100

100

 

Walter (Thailand) Co. Ltd.

100

100

 

Seco Tools (Thailand) Co., Ltd

100

100

Turkey

Walter Cutting Tools Industry and Trade LLC

100

100

 

Seco Tools Kesici Takmlar Makina San.Tic. A.S

100

100

UK

Dormer Tools Ltd.

100

100

 

Sandvik Ltd.

100

100

 

Sandvik Osprey Ltd.

100

100

 

Walter GB Ltd.

100

100

 

Seco Tools (U.K) Ltd.

100

100

 

Inrock Ltd. (U.K.)

100

 

Downhole Products Limited

100

100

Ukraine

Sandvik Ukraine

100

100

US

Diamond Innovations Inc.

100

 

Sandvik Machining Solutions USA LLC

100

 

TDM System Inc.

100

100

 

Custom Electric Manufacturing LLC

100

 

Sandvik Wire and Heating Technology Corporation

100

100

 

Sandvik Thermal Process Inc.

100

100

 

Pennsylvania Extruded Tube Co.

70

70

 

Dormer Pramet Sales USA

100

100

 

Sandvik Customer Finance LLC

100

100

 

Sandvik Inc.

100

100

 

Sandvik Mining and Construction USA LLC

100

100

 

Sandvik Special Metals LLC

100

100

 

Walter USA LLC

100

100

 

Seco Tools LLC

100

100

 

Inrock Drilling Systems Inc.

100

 

Inrock Acquisitions Inc

100

 

Niagara Cutter,LLC

100

100

 

uFab LLC

100

100

 

Precorp Inc.

100

100

 

Advanced Theodolite Technology, Inc.

80

 

MG USA Properties, Inc.

100

 

Metrologic Group Services, Inc

100

 

Dura-Mill

100

 

Varel International Ind., LLC

100

100

Zambia

Sandvik Mining and Construction Zambia Ltd.

100

100