P12 Shares in Group companies
|
2022 |
2023 |
||
|---|---|---|---|---|
Cost |
|
|
||
At the beginning of the year |
51,931 |
42,284 |
||
Additions |
1,071 |
– |
||
Capital contributions |
2,122 |
16,473 |
||
Capital reductions |
–14 |
–235 |
||
Divestments |
–12,826 |
0 |
||
Total |
42,284 |
58,522 |
||
Accumulated impairment losses |
|
|
||
At the beginning of the year |
–473 |
–707 |
||
Impairment losses for the year |
–235 |
–46 |
||
Impairment reversed for the year |
1 |
2351) |
||
Total |
–707 |
–518 |
||
Accumulated revaluations |
|
|
||
At the beginning of the year |
0 |
0 |
||
Total |
0 |
0 |
||
Carrying amount at year-end |
41,577 |
58,004 |
||
|
||||
|
|
2022 |
2023 |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Company, domicile |
Corp. Reg. number |
No. of shares |
Holding, %2) |
Carrying amount KSEK |
No. of shares |
Holding, %2) |
Carrying amount KSEK |
||||
SWEDEN |
|
|
|
|
|
|
|
||||
Gimo Utbildningsaktiebolag, Gimo |
556061–4041 |
910 |
91 |
14,302 |
910 |
91 |
16,882 |
||||
Industri AB Skomab, Sandviken |
556008–8345 |
2,000 |
100 |
21,946 |
2,000 |
100 |
21,946 |
||||
Sandvik Global Purchasing AB, Stockholm |
556052–4315 |
1,000 |
100 |
50 |
1,000 |
100 |
50 |
||||
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 |
81,000 |
1,500 |
100 |
81,000 |
||||
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 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 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 |
||||
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 |
57,743 |
910 |
91 |
67,601 |
||||
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 |
6,839 |
||||
Sandvik Group IT AB, Sandviken1) |
556788–9059 |
1,000 |
100 |
100 |
1,000 |
100 |
100 |
||||
Sandvik Venture AB, Stockholm1) |
556868–7155 |
1,000 |
100 |
281,048 |
1,000 |
100 |
281,048 |
||||
Sandvik Financial Services 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 Invest Aktiebolag, Stockholm |
556020–6517 |
1 |
0 |
0 |
1 |
0 |
0 |
||||
Sandnest 3 AB, Stockholm |
559291–1035 |
25,000 |
100 |
25 |
25,000 |
100 |
25 |
||||
Sandnest 2 AB, Stockholm |
559291–1027 |
25,000 |
100 |
25 |
– |
– |
– |
||||
Sandnest 1 AB, Stockholm |
559291–1019 |
25,000 |
100 |
25 |
– |
– |
– |
||||
|
|||||||||||
|
|
2022 |
2023 |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Country/location |
Company |
No. of shares |
Holding, %1) |
Carrying amount KSEK |
No. of shares |
Holding, %1) |
Carrying amount KSEK |
||||
Brazil |
Sandvik Holding Do Brasil Ltda. |
339,135,756 |
100 |
1,080,289 |
339,135,756 |
100 |
1,080,289 |
||||
Bulgaria |
Sandvik Bulgaria Ltd. |
– |
100 |
0 |
– |
100 |
0 |
||||
Chile |
Sandvik Financial Services S.A. |
9,900 |
99 |
165,331 |
9,900 |
99 |
165,331 |
||||
|
Schenck Process Austral SA |
1 |
02) |
0 |
1 |
02) |
0 |
||||
China |
Sandvik China Holding Co Ltd. |
– |
100 |
1,579,079 |
– |
100 |
2,009,106 |
||||
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 |
43,235 |
9,990 |
100 |
43,235 |
||||
Hungary |
Sandvik Magyarorszag Kft. |
– |
100 |
3,258 |
– |
100 |
3,258 |
||||
India |
Sandvik Asia Ltd. |
1,801,241 |
752) |
252,481 |
1,801,241 |
752) |
252,481 |
||||
|
Sandvik Mining and Rock Technology India Private Ltd. |
1,801,241 |
752) |
2,084 |
1,801,241 |
752) |
2,084 |
||||
Ireland |
Sandvik Mining and Construction Logistics Ltd. |
100 |
100 |
5,508 |
100 |
100 |
5,508 |
||||
Japan |
Sandvik K.K. |
8,000 |
100 |
224,207 |
8,000 |
100 |
224,207 |
||||
Luxembourg |
DSI Underground Holdings S.à.r.l. |
1,539,861 |
100 |
7,435,652 |
1,539,861 |
100 |
7,435,652 |
||||
|
Rocbolt Technologies Holdings Mongolia S.à.r.l. |
6,000 |
50 |
1 |
6,000 |
50 |
1 |
||||
Mali |
Sandvik Mining and Construction Mali Ltd |
25,000 |
100 |
3,462 |
25,000 |
100 |
3,462 |
||||
Mauritius |
Rocbolt of Mauritius Ltd |
956,768 |
50 |
430,027 |
956,768 |
50 |
0 |
||||
Mexico |
Sandvik Méxicana S.A. de C.V. |
406,642,873 |
902) |
712,312 |
406,642,873 |
902) |
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 |
23,552,902 |
||||
Peru |
Sandvik del Perú S.A. |
6,562,795 |
902) |
26,025 |
6,562,795 |
902) |
26,025 |
||||
Portugal |
Frezigest SGPS S.A. |
1,001,069 |
100 |
1,071,545 |
1,001,069 |
100 |
1,071,545 |
||||
Republic of Korea |
Sandvik Korea Ltd. |
752,730 |
100 |
5,992 |
752,730 |
100 |
5,992 |
||||
Russia |
Sandvik LLC |
– |
100 |
0 |
– |
– |
– |
||||
|
Sandvik Mining and Construction CIS LLC |
– |
100 |
0 |
– |
– |
– |
||||
Serbia |
Sandvik Mining and Rock Technology LLC Belgrade |
– |
100 |
7,898 |
– |
100 |
7,898 |
||||
Slovakia |
Sandvik Slovakia s.r.o. |
– |
100 |
1,238 |
– |
100 |
1,238 |
||||
South Africa |
Sandvik Holding Southern Africa (Pty) Ltd |
1,107,501 |
100 |
1,377,126 |
1,107,501 |
100 |
1,377,126 |
||||
|
Rocbolt Technologies Holdings Pty Ltd |
500,000 |
50 |
172,322 |
500,000 |
50 |
125,966 |
||||
Türkiye |
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 |
|
|
|
41,576,980 |
|
|
58,004,033 |
||||
|
|||||||||||
Country/Location |
Company |
2022 |
2023 |
||
|---|---|---|---|---|---|
Sweden |
DSI Underground Nordics AB |
100 |
100 |
||
|
Edvirt AB |
100 |
100 |
||
|
Metrolog Services Nordic AB |
100 |
100 |
||
|
Pramet Scandinavia AB |
100 |
100 |
||
|
Sandvik Financial Services SPV AB |
100 |
100 |
||
|
Sandvik Invest Aktiebolag |
100 |
100 |
||
|
Sandvik Mining and Construction Haparanda AB |
100 |
100 |
||
|
Sandvik SRP AB |
100 |
100 |
||
|
Sandvik Treasury AB |
100 |
100 |
||
|
Seco AB |
100 |
100 |
||
|
SETP Invest AB |
100 |
100 |
||
Argentina |
DSI Underground Argentina S.A. |
100 |
100 |
||
|
Sandvik Argentina S.A. |
100 |
100 |
||
|
Sandvik Mining and Construction Argentina S.A. |
100 |
100 |
||
|
Seco Tools Argentina S.A. |
100 |
100 |
||
Armenia |
Sandvik Mining and Rock Technology AM LLC |
100 |
100 |
||
Australia |
Deswik Brazil Holdings Pty Ltd |
100 |
100 |
||
|
Deswik Group Pty Ltd |
100 |
100 |
||
|
Deswik Mining Consultants (Australia) Pty Ltd |
100 |
100 |
||
|
Deswik Software Solutions Pty Ltd |
100 |
100 |
||
|
DSI Australia (Holdings) Pty Ltd |
100 |
100 |
||
|
DSI Holdings 1 Australia Pty Ltd |
100 |
100 |
||
|
DSI Holdings 2 Australia Pty Ltd |
100 |
100 |
||
|
DSI Underground Australia Pty Limited |
100 |
100 |
||
|
Edvirt Australia Pty Ltd |
100 |
0 |
||
|
Fero Group (Queensland) Pty Ltd |
100 |
100 |
||
|
Fero Group Pty Ltd |
100 |
100 |
||
|
Fero Reinforcing Pty Ltd |
100 |
100 |
||
|
Fero Strata Systems Pty Ltd |
100 |
100 |
||
|
Heintzmann Australia Pty Ltd |
100 |
100 |
||
|
NTX Australia Pty Ltd |
100 |
100 |
||
|
Polymathian Pty Ltd |
0 |
100 |
||
|
Sandvik Australia Holdings Pty Ltd |
100 |
100 |
||
|
Sandvik Australia Pty Ltd |
100 |
100 |
||
|
Sandvik Financial Services Pty Ltd |
100 |
100 |
||
|
Sandvik Mining and Construction Australia (Production/Supply) Pty Ltd |
100 |
100 |
||
|
Sandvik Mining and Construction Australia Pty Ltd |
100 |
100 |
||
|
Sandvik Rock Processing Australia Pty Limited |
100 |
100 |
||
|
Seco Tools Australia Pty Ltd |
100 |
100 |
||
|
SigmaTEK Pty. Ltd. (Australia) |
100 |
100 |
||
|
S-Process Equipment Australia Pty Limited |
100 |
100 |
||
|
Stratabolt Resins Australia Pty Ltd |
100 |
100 |
||
|
Terelion (Australia) Pty Ltd |
100 |
100 |
||
|
Tricon Drilling Solutions Pty Ltd |
100 |
100 |
||
Austria |
DSI Underground Austria GmbH |
100 |
100 |
||
|
Sandvik in Austria Gesellschaft GmbH |
100 |
100 |
||
|
Sandvik Mining and Construction G.m.b.H. |
100 |
100 |
||
|
Sandvik Mining and Construction Materials Handling GmbH |
100 |
0 |
||
|
Sandvik Mining and Construction Materials Handling GmbH & Co KG |
100 |
0 |
||
|
Seco Tools Gesellschaft GmbH |
100 |
100 |
||
|
Walter Austria GmbH |
100 |
100 |
||
|
Wolfram Bergbau und Hütten AG |
100 |
100 |
||
Belarus |
OOO Walter Tools |
100 |
0 |
||
Belgium |
S.A. Seco Tools Benelux N.V. |
100 |
100 |
||
|
Walter Benelux N.V./S.A. |
100 |
100 |
||
Botswana |
Sandvik Botswana (Pty) Ltd |
100 |
100 |
||
Brazil |
CGTech Brasil Consultoria de Software Eireli |
100 |
100 |
||
|
Dormer Pramet Solucoes Para Usinagem Ltda |
100 |
100 |
||
|
DSI Underground System Brasil Indústria e Comercio Ltda |
100 |
100 |
||
|
Frezite Ferramentas de Corte LTDA |
100 |
100 |
||
|
MCB Serviços e Mineração Ltda. |
30 |
100 |
||
|
Sandvik Coromant Do Brasil Industria e Comercio de Ferramentas Ltda |
100 |
100 |
||
|
Sandvik MGS S.A. |
100 |
0 |
||
|
Sandvik Mining and Rock Technology do Brasil Ltda |
100 |
100 |
||
|
Sandvik Rock Processing Brasil Ltda |
100 |
100 |
||
|
Seco Tools Indústria e Comércio Ltda. |
100 |
100 |
||
|
SigmaTEK Systems Brasil Ltda. |
99 |
100 |
||
|
Walter do Brazil Ltda |
100 |
100 |
||
Burkina Faso |
Sandvik Mining and Rock Technology Burkina Faso SARL |
100 |
100 |
||
Canada |
11740750 Canada Limited |
100 |
100 |
||
|
Artisan Vehicles, Inc. |
100 |
100 |
||
|
Cimatron Technologies Inc (Canada) |
100 |
100 |
||
|
Deswik (Canada) Inc |
100 |
100 |
||
Canada |
DSI Underground Canada Ltd. |
100 |
100 |
||
|
ICAM Technologies Corporation |
100 |
100 |
||
|
Indexable Cutting Tools of Canada LLC |
100 |
100 |
||
|
Inrock Ltd. |
100 |
100 |
||
|
Newtrax Holdings Inc |
100 |
100 |
||
|
Newtrax Technologies Inc |
100 |
100 |
||
|
Norgalv Limited |
0 |
100 |
||
|
Norprop Limited |
0 |
100 |
||
|
Postability Inc. |
0 |
100 |
||
|
Sandvik Canada, Inc. |
100 |
100 |
||
|
SigmaTEK Canada, LLC (Delaware) |
100 |
100 |
||
Chile |
Deswik Chile SpA |
100 |
100 |
||
|
DSI Underground Chile SpA |
100 |
100 |
||
|
DSI Underground Ventilation Systems S.p.A. |
51 |
51 |
||
|
NTX Chile SpA |
100 |
100 |
||
|
Sandvik Chile S.A. |
100 |
100 |
||
|
Sandvik Financial Services S.A. |
100 |
100 |
||
|
Sandvik Mining and Construction Chile S.A. |
100 |
100 |
||
|
Sandvik Rentals Chile SPA |
100 |
100 |
||
|
Schenck Process Austral SA |
100 |
100 |
||
China |
Beijing CGTech Software Co., Ltd. |
100 |
100 |
||
|
Chuzhou OMK Carbide Tools Co., Ltd. |
72 |
72 |
||
|
Chuzhou Yongpu Carbide Tools Co., Ltd. |
72 |
72 |
||
|
Cimatron (Beijing) Technologies Co. Ltd. |
100 |
100 |
||
|
Dormer Tools (Shanghai) Co Ltd |
100 |
100 |
||
|
DSI Underground Consulting (Shanghai) Co., Ltd. |
100 |
100 |
||
|
DWFritz Precision Automation |
100 |
100 |
||
|
DWFritz Technology Limited |
100 |
100 |
||
|
DWFritz Wuxi Limited |
100 |
0 |
||
|
Jinan Lingong Mining and Rock Technology Co Ltd |
65 |
85 |
||
|
Kunshan OSK Precision Tools Co., Ltd |
100 |
100 |
||
|
Sandvik (Jining) Rocbolt Technologies China Co., Ltd |
100 |
100 |
||
|
Sandvik Coromant Cutting Tools (Shanghai) Co., Ltd |
100 |
100 |
||
|
Sandvik Industrial Equipment (Shanghai) Co., Ltd. |
100 |
100 |
||
|
Sandvik Industry Equipment (ChangZhou) Co., Ltd. |
100 |
100 |
||
|
Sandvik Logistics (Shanghai) Co. Ltd |
100 |
100 |
||
|
Sandvik Mining and Construction (China) Co Ltd |
100 |
100 |
||
|
Sandvik Mining and Construction (Luoyang) Co Ltd |
100 |
100 |
||
|
Sandvik Mining and Construction Trading (Shanghai) Co. |
100 |
100 |
||
|
Sandvik Mining Technology (Tianjin) Co., LTD |
100 |
100 |
||
|
Sandvik Rock Tools Technology (Wuxi) Co., Ltd |
100 |
100 |
||
|
Sandvik Tooling Production (Langfang) Co. Ltd |
100 |
100 |
||
|
Seco Tools (Shanghai) Co Ltd |
100 |
100 |
||
|
Seco Tools Manufacturing (Shanghai) Co Ltd |
100 |
100 |
||
|
Shanghai Jianshe Luqiao Machinery Co. Ltd |
100 |
100 |
||
|
SigmaTEK Systems China, LLC |
100 |
100 |
||
|
Suzhou SPD Precision Technology Co., Ltd. |
72 |
0 |
||
|
Suzhou Xinlan Nano Technology Co., Ltd. |
72 |
72 |
||
|
Suzhou Yongpu Precision Technology Co., Ltd. |
72 |
72 |
||
|
Suzhou Yongpu Technology Management Co., Ltd. |
72 |
72 |
||
|
Walter Wuxi Co. Ltd. |
100 |
100 |
||
|
Wuhan Yongpu Carbide Tools Co., Ltd. |
72 |
72 |
||
|
Yongpu Global Trading Shanghai Co., Ltd. |
72 |
72 |
||
Colombia |
Deswik Colombia S.A.S |
100 |
100 |
||
|
DSI Underground Colombia S.A.S. |
100 |
100 |
||
|
Sandvik Colombia S.A.S. |
100 |
100 |
||
Czech Republic |
Dormer Pramet s.r.o. |
100 |
100 |
||
|
DSI Underground Multitex s.r.o. |
100 |
0 |
||
|
FREZITE s.r.o. |
100 |
100 |
||
|
Seco Tools CZ s.r.o. |
100 |
100 |
||
|
WALTER CZ s.r.o. |
100 |
100 |
||
Denmark |
Sandvik A/S |
100 |
100 |
||
|
Seco Tools A/S |
100 |
100 |
||
DR Congo |
Sandvik DRC Services SASU |
0 |
49 |
||
|
Sandvik Mining & Construction DRC SARL |
100 |
100 |
||
Finland |
Akkurate Oy |
100 |
0 |
||
|
Oy Tampella Ab |
100 |
100 |
||
|
Sandvik Coromant Finland Oy |
100 |
100 |
||
|
Sandvik Mining and Construction Finland Oy |
100 |
100 |
||
|
Sandvik Mining and Construction Oy |
100 |
100 |
||
|
Seco Tools Oy |
100 |
100 |
||
|
Tammerfors Linne och Jern Ab |
100 |
100 |
||
|
Tamrock Oy |
100 |
100 |
||
|
Velroq Oy |
100 |
100 |
||
France |
A.O.B. S.A.S |
100 |
100 |
||
|
CGTech S.A.R.L. |
100 |
100 |
||
|
DWFritz Metrology SAS |
100 |
100 |
||
|
Financiere Metrolog SAS |
100 |
100 |
||
|
Gunther Tools |
100 |
100 |
||
|
Metrologic Group SAS |
100 |
100 |
||
|
Metrologic Services SAS |
100 |
100 |
||
|
Sandvik Coromant Inserts France S.A.S |
100 |
100 |
||
|
Sandvik Holding France S.A.S |
100 |
100 |
||
|
Sandvik Mining and Construction France S.A.S |
100 |
100 |
||
|
Sandvik Mining and Construction Lyon S.A.S |
100 |
100 |
||
|
Sandvik Tooling France S.A.S |
100 |
100 |
||
|
Seco Ressources et Finances SA |
100 |
100 |
||
|
Seco Tools France S.A.S. |
100 |
100 |
||
|
Seco Tools Reaming SAS |
100 |
100 |
||
|
SECO Tools Tooling Systems SAS |
100 |
100 |
||
|
SigmaNEST France |
100 |
100 |
||
|
Walter France S.A.S. |
100 |
100 |
||
Germany |
CGTech Deutschland GmbH |
100 |
100 |
||
|
Cimatron Technologies GmbH |
100 |
100 |
||
|
Comara GmbH |
100 |
0 |
||
|
DSI Underground GmbH |
100 |
100 |
||
|
esco GmbH engineering solutions consulting |
0 |
100 |
||
|
FMT Frezite Metal Tooling GmbH |
100 |
100 |
||
|
Gold Werkzeugfabrik GmbH |
100 |
100 |
||
|
Metrologic Group GmbH |
100 |
100 |
||
|
Protomedical GmbH |
100 |
100 |
||
|
Prototyp-Werke GmbH |
100 |
100 |
||
|
Sandvik Holding GmbH |
100 |
100 |
||
|
Sandvik Mining and Construction Central Europe GmbH |
100 |
100 |
||
|
Sandvik Mining and Construction Deutschland GmbH |
100 |
100 |
||
|
Sandvik Tooling Deutschland GmbH |
100 |
100 |
||
|
Schaum-Chemie Beteiligungen 1 GmbH |
100 |
100 |
||
|
Seco Tools GmbH |
100 |
100 |
||
|
SigmaNEST GmbH |
100 |
100 |
||
|
TDM Systems GmbH |
100 |
100 |
||
|
Walter AG |
100 |
100 |
||
|
Walter Deutschland GmbH |
100 |
100 |
||
|
Walter Germany GmbH |
0 |
100 |
||
|
Werner Schmitt PKD-Werkzeug GmbH |
100 |
100 |
||
Ghana |
Sandvik Mining & Construction Ghana Limited |
100 |
100 |
||
Hong Kong |
DWFritz Hong Kong Limited |
100 |
100 |
||
|
Sandvik Hongkong Ltd |
100 |
100 |
||
Hungary |
Pramet Kft |
100 |
100 |
||
|
Seco Tools Kereskedelmi Kft |
100 |
100 |
||
|
Walter Hungaria Kft |
100 |
100 |
||
India |
CGTech India Software Solutions PLC |
100 |
100 |
||
|
Cimatron Technologies Pvt. Ltd. |
100 |
100 |
||
|
Deswik Software Solutions India Private Limited |
0 |
100 |
||
|
Dormer Pramet India Private Limited |
100 |
100 |
||
|
DSI Underground India Pvt. Ltd. |
100 |
100 |
||
|
Sandvik Coromant India Private Limited |
100 |
100 |
||
|
Sandvik Mining and Rock Technology India Private Limited |
100 |
100 |
||
|
Seco Tools India Private Limited |
100 |
100 |
||
|
SigmaTEK Systems India Private Limited |
100 |
100 |
||
|
Vaal Triangle Systems Private Limited |
100 |
100 |
||
|
Walter Tools India Private Limited |
100 |
100 |
||
Indonesia |
Pt. DSI Indonesia |
100 |
100 |
||
|
Pt. DSI Underground |
100 |
100 |
||
|
PT Sandvik Indonesia |
100 |
100 |
||
|
PT Sandvik Mining and Construction Indonesia |
100 |
100 |
||
|
PT Sandvik SMC |
100 |
100 |
||
|
PT Seco Tools Indonesia |
100 |
100 |
||
Ireland |
Diamond Innovations International Sales |
100 |
0 |
||
|
Premier Machine Tools (Ireland) |
0 |
95 |
||
Israel |
Cimatron Limited |
100 |
100 |
||
Italy |
CGTech s.r.l. |
100 |
100 |
||
|
Cimatron Technologies srl (Italy) |
100 |
100 |
||
|
Metrologic Group Italia S.R.L. |
100 |
100 |
||
|
Preziss, SRL |
100 |
100 |
||
|
Sandvik Italia S.p.A. |
100 |
100 |
||
|
Seco Tools Italia S.p.A SU |
100 |
100 |
||
|
SigmaTEK Srl (Italy) |
100 |
100 |
||
|
SSC Holding Italia SRL |
100 |
100 |
||
|
Walter Italia SRL |
100 |
100 |
||
Japan |
KK CGTech |
100 |
100 |
||
|
Sandvik Tooling Supply Japan K.K. |
100 |
100 |
||
|
Seco Tools Japan K.K. |
100 |
100 |
||
|
SigmaTEK Japan LTD. |
100 |
100 |
||
|
Walter Japan K.K. |
100 |
100 |
||
Kazakhstan |
Deswik Kazakhstan LLP |
100 |
100 |
||
|
Sandvik Mining and Construction Kazakhstan Ltd |
100 |
100 |
||
Korea |
CGTech Co. Ltd |
100 |
100 |
||
|
Sandvik SuhJun Ltd |
100 |
100 |
||
|
Seco Tools Korea Ltd |
100 |
100 |
||
|
SigmaTEK Systems LLC Korea |
100 |
100 |
||
|
Walter Korea Ltd |
100 |
100 |
||
Luxembourg |
DSI Underground IP Holding Luxembourg S.à r.l |
100 |
100 |
||
|
DSI Underground SMART S.à r.l |
100 |
100 |
||
|
Jupiter LuxCo 2 S.à r.l. |
100 |
100 |
||
|
Rocbolt Technologies Holdings Mongolia S.à r.l. |
50 |
50 |
||
Malaysia |
Sandvik Equipment Sdn Bhd |
0 |
100 |
||
|
Sandvik Mining And Construction (M) Sdn Bhd |
100 |
100 |
||
|
Seco Tools Sdn Bhd |
100 |
100 |
||
|
Walter Malaysia Sdn Bhd |
100 |
100 |
||
Mauritius |
Rocbolt of Mauritius Ltd |
50 |
50 |
||
Mexico |
Deswik Mexico S.A de C.V |
100 |
100 |
||
|
DSI Underground Mexico S.A. de C.V. |
100 |
100 |
||
|
FMT Tooling Systems S de RL de CV |
100 |
100 |
||
|
Mansour Mining Technolog De Mexico S.A DE C.V |
100 |
100 |
||
|
Mansour Mining Technolog De Mexico Servicios S.A. de C.V. |
100 |
100 |
||
|
NTX Mining Services S de RL de CV |
100 |
100 |
||
|
Preziss Tools de Mexico, S de R.L. de C.V. |
100 |
100 |
||
|
Sandvik de Mexicana S.A. |
100 |
100 |
||
|
Sandvik Hard Materials de Mexico S.A. de C.V. |
100 |
100 |
||
|
Sandvik Mining and Construction de Mexico S.A. de C.V. |
100 |
100 |
||
|
Sandvik SA de CV |
100 |
100 |
||
|
Seco Tools de Mexico S.A. de C.V. |
100 |
100 |
||
|
SigmaTEK Systems Mexico S. de R.L. de C.V. |
100 |
100 |
||
|
Terelion de Mexico S.A. de C.V. |
100 |
100 |
||
|
Valenite de Mexico |
100 |
100 |
||
|
Walter Tools S.A. de C.V. |
100 |
100 |
||
Mongolia |
Rocbolt Technologies Mongolia LLC |
100 |
100 |
||
Morocco |
Seco Tools S.A. |
100 |
100 |
||
Mozambique |
Sandvik Mining & Construction Mozambique Lda |
100 |
100 |
||
Namibia |
Sandvik Namibia (Pty) Ltd |
100 |
100 |
||
Netherlands |
Sandvik Benelux B.V. |
100 |
100 |
||
|
Sandvik Mining and Construction B.V. |
100 |
100 |
||
|
Seco Tools BV |
100 |
100 |
||
Nigeria |
Sandvik Mining & Construction Nigeria Limited |
100 |
100 |
||
Norway |
Sandvik Norge AS |
100 |
100 |
||
|
Sandvik Teeness AS |
100 |
100 |
||
|
Seco Tools AS |
100 |
100 |
||
Papua New Guinea |
Sandvik Mining and Construction PNG Limited |
100 |
100 |
||
Peru |
Deswik Peru S.A.C |
100 |
100 |
||
|
DSI Underground Peru S.A.C. |
100 |
100 |
||
|
Newtrax Peru Sociedad Anonima Cerrada |
100 |
0 |
||
|
Sandvik del Peru S.A. |
100 |
100 |
||
|
Sandvik Forestal S.A. |
100 |
100 |
||
|
Terelion, LLC Sucursal Del Peru |
100 |
100 |
||
Philippines |
Sandvik Philippines Inc |
100 |
100 |
||
|
Sandvik Tamrock Philippines Inc |
100 |
100 |
||
Poland |
DSI Schaum Chemie Sp. z o.o. |
100 |
100 |
||
|
DSI Underground Chemicals sp. z o.o. |
100 |
100 |
||
|
DSI Underground Merol Sp. z.o.o. |
100 |
100 |
||
|
DSI Underground Poland Sp. z.o.o. |
100 |
100 |
||
|
Fabryka Narzędzi FANAR S.A. |
100 |
100 |
||
|
Pramet Sp. Z.o.o. |
100 |
100 |
||
|
Sandvik Polska Sp. Z.o.o. |
100 |
100 |
||
|
Seco Tools Sp Z.o.o. |
100 |
100 |
||
|
Walter Polska SP. Z.o.o. |
100 |
100 |
||
Portugal |
FHP – Frezite High Performance, Unipessoal, LDA |
100 |
100 |
||
|
Frezite – Ferramentas de Corte S.A. |
100 |
100 |
||
|
Sandvik SRL |
100 |
100 |
||
|
Seco Tools Portugal Lda |
100 |
100 |
||
|
Seri – Sociedade de Estudos E Realizações Industriais, Unipessoal, LDA |
100 |
100 |
||
Romania |
Sandvik SRL |
100 |
100 |
||
|
Seco Tools Romania SRL |
100 |
100 |
||
|
Walter Tools SRL |
100 |
100 |
||
Russia |
Deswik RUS |
100 |
100 |
||
|
DSI Techno |
100 |
0 |
||
|
DSI Techno LLC |
100 |
0 |
||
|
LLC Pramet |
100 |
0 |
||
|
LLC Seco Tools |
100 |
0 |
||
|
LLC Walter |
100 |
0 |
||
|
Newtrax Rus LLC |
100 |
0 |
||
|
Siberia GT LLC |
100 |
0 |
||
Serbia |
Seco Tools SRB d.o.o. |
100 |
100 |
||
Singapore |
Sandvik Mining and Construction S.E. Asia Pte Ltd |
100 |
100 |
||
|
Sandvik South East Asia Ptd Ltd |
100 |
100 |
||
|
Seco Tools (SEA) Pte Ltd |
100 |
100 |
||
|
Walter AG Singapore Pte Ltd |
100 |
100 |
||
Slovakia |
PRAMET Slovakia, spol. s r.o. |
100 |
100 |
||
|
Seco Tools SK, s.r.o. |
100 |
100 |
||
|
Walter Slovakia s.r.o. |
100 |
100 |
||
Slovenia |
Seco Tools SI trgovina d.o.o. |
100 |
100 |
||
|
Walter Tools, d.o.o. |
100 |
100 |
||
South Africa |
Deswik Mining Consultants (Pty) Ltd |
100 |
100 |
||
|
Kwatani (Pty) Ltd |
100 |
100 |
||
|
Kwatani Global (Pty) Ltd |
100 |
100 |
||
|
Kwatani Holding Pty Ltd |
100 |
100 |
||
|
Mine & Quarry Supplies (Pty) Ltd |
100 |
100 |
||
|
Newtrax Pty. Ltd |
100 |
100 |
||
|
RB Technology Holdings (Pty) Ltd |
65 |
65 |
||
|
Rocbolt Technologies Africa Pty Ltd |
100 |
100 |
||
|
Rocbolt Technologies Holdings Pty. Ltd. |
50 |
50 |
||
|
Rocbolt Technologies Pty. Ltd |
75 |
75 |
||
|
Sandvik (Pty) Ltd |
100 |
100 |
||
|
Sandvik Financial Services (Pty) Ltd |
100 |
100 |
||
|
Sandvik Mining & Construction Delmas (Pty) Ltd |
100 |
100 |
||
|
Sandvik Mining RSA (Pty) Ltd |
75 |
75 |
||
|
Sandvik Rock Processing Solutions International (PTY) LTD |
100 |
100 |
||
|
Sandvik SRP Holdings South Africa |
0 |
100 |
||
|
Sandvik SRP RSA (PTY) LTD |
75 |
75 |
||
|
Schenck Process Africa (Pty) Limited |
100 |
100 |
||
|
Schenck Process South Africa (Pty) Limited |
100 |
100 |
||
|
Seco Tools South Africa (Pty) Ltd |
100 |
100 |
||
|
Zebenza Kanzima (Pty) Ltd |
49 |
49 |
||
Spain |
DSI Underground Spain SAU |
100 |
100 |
||
|
Frezite Herramientas de Corte SL |
100 |
100 |
||
|
Herramientas Preziss, S.L. |
100 |
100 |
||
|
Metrologic Group Spain S.L. |
100 |
100 |
||
|
Preziss Diamant S.L. |
100 |
100 |
||
|
Sandvik Española |
100 |
100 |
||
|
Seco Tools España S.A. |
100 |
100 |
||
|
Walter Tools Iberica S.A.U. |
100 |
100 |
||
Switzerland |
HC Holding Alpha AG |
100 |
100 |
||
|
P. Rieger Werkzeugfabrik AG |
100 |
100 |
||
|
Sandvik AG |
100 |
100 |
||
|
Sandvik Holding AG |
100 |
100 |
||
|
Santrade Ltd |
100 |
100 |
||
|
Seco Tools AG |
100 |
100 |
||
|
Sphinx Werkzeuge AG |
100 |
100 |
||
|
Walter (Schweiz) AG |
100 |
100 |
||
Taiwan |
Sandvik Taiwan Ltd |
100 |
100 |
||
Tanzania |
Sandvik Mining & Construction Tanzania Limited |
100 |
80 |
||
Thailand |
Sandvik Thailand Limited |
91 |
91 |
||
|
Seco Tools (Thailand) Co Ltd |
100 |
100 |
||
|
Walter (Thailand) Co Ltd |
100 |
100 |
||
Türkiye |
Seco Tools Kesici Takimlar Makina San.Tic.A.S. |
100 |
100 |
||
|
Walter Cutting Tools Industry and Trade LLC |
100 |
100 |
||
Ukraine |
LLC Seco Tools Ukraine |
100 |
100 |
||
|
Sandvik Ukraine |
100 |
100 |
||
United Kingdom |
BTA Heller Drilling Systems Ltd |
100 |
100 |
||
|
CGTech Limited |
100 |
100 |
||
|
Deswik Europe Ltd |
100 |
100 |
||
|
Dormer Pramet Ltd |
100 |
100 |
||
|
DSI Underground UK Holdings Ltd. |
100 |
100 |
||
|
DSI Underground UK Ltd. |
100 |
100 |
||
|
Edvirt UK Limited |
100 |
100 |
||
|
Extec Mobile Crushers and Screens Limited |
100 |
100 |
||
|
Fintec Crushing and Screening Limited |
100 |
100 |
||
|
FMT Tooling Systems Limited |
100 |
100 |
||
|
Inrock Ltd. (UK) |
100 |
100 |
||
|
Mastercam UK Limited |
100 |
100 |
||
|
Premier Machine Tools (UK) |
0 |
95 |
||
|
Sandvik Holdings Ltd |
100 |
100 |
||
|
Sandvik Ltd |
100 |
100 |
||
|
Sandvik Materials Limited |
100 |
100 |
||
|
Sandvik Mining and Construction LTD |
100 |
100 |
||
|
Sandvik Osprey Ltd |
100 |
100 |
||
|
Sandvik Services Limited |
100 |
100 |
||
|
Seco Tools (UK) Limited |
100 |
100 |
||
|
SigmaTEK Business Systems Limited |
100 |
0 |
||
|
SigmaTEK Europe Limited |
100 |
100 |
||
|
Tamrock Great Britain Holdings Ltd |
100 |
100 |
||
|
Walter GB Ltd |
100 |
100 |
||
USA |
Advanced Theodolite Technology, Inc. |
100 |
100 |
||
|
Alliance CNC LLC |
100 |
100 |
||
|
Artisan Vehicle Systems, Inc. |
100 |
100 |
||
|
Benchmark Carbide LLC |
100 |
100 |
||
|
Buffalo Tungsten Inc |
0 |
100 |
||
|
Cambrio Acquisition, LLC |
100 |
100 |
||
|
CGI Tool LLC |
100 |
0 |
||
|
CGTech |
100 |
100 |
||
|
Cimatron Gibbs LLC (California) |
100 |
100 |
||
|
Cimatron Technologies, Inc. (Michigan) |
100 |
100 |
||
|
CJT Tool LLC |
100 |
100 |
||
|
CNC Software, Inc. |
100 |
100 |
||
|
CTMI Tool LLC |
100 |
100 |
||
|
Deswik USA Inc. |
100 |
100 |
||
|
Diamond Tool Coating, LLC |
100 |
100 |
||
|
Dimensional Control Systems, Inc. |
100 |
100 |
||
|
Dormer Pramet LLC |
100 |
100 |
||
|
DSI Tunneling LLC |
100 |
0 |
||
|
DWFritz Automation, LLC |
100 |
100 |
||
|
DWFritz International, Inc. |
100 |
100 |
||
|
DWFritz Metrology, Inc. |
100 |
100 |
||
|
GWS Tool Intermediate Holdings LLC |
100 |
100 |
||
|
GWS Tool LLC |
100 |
100 |
||
|
ICAM Technologies Corporation U.S.A. |
100 |
0 |
||
|
Indexable Holding LLC |
100 |
100 |
||
|
Inrock Acquisitions, Inc. |
100 |
100 |
||
|
Inrock Drilling Systems, inc. |
100 |
100 |
||
|
Intrepid LLC |
100 |
100 |
||
|
Melin Tool Company, Inc. |
100 |
100 |
||
|
Metrologic Group Services, Inc. |
100 |
100 |
||
|
MG USA Properties, Inc. |
100 |
100 |
||
|
Monster Tool LLC |
100 |
100 |
||
|
NATC LLC |
100 |
100 |
||
|
Niagara Cutter LLC |
100 |
100 |
||
|
Sandvik Financial Services LLC |
100 |
100 |
||
|
Sandvik Machining Solutions USA LLC |
100 |
100 |
||
|
Sandvik Mining and Construction USA LLC |
100 |
100 |
||
|
Sandvik Rock Processing Solutions North America |
100 |
100 |
||
|
Sandvik, Inc. |
100 |
100 |
||
|
Seco Tools, LLC |
100 |
100 |
||
|
SigmaTEK Systems, LLC (Delaware) |
100 |
100 |
||
|
ST Acquisition Co. |
100 |
100 |
||
|
STF Precision LLC |
100 |
100 |
||
|
Taurus Tool LLC |
100 |
100 |
||
|
TDM Systems Inc |
100 |
100 |
||
|
Terelion LLC |
100 |
100 |
||
|
uFab LLC |
100 |
100 |
||
|
Valenite LLC |
100 |
100 |
||
|
Walter USA LLC |
100 |
100 |
||
|
Wetmore Tool and Engineering Company |
100 |
100 |
||
Vietnam |
Sandvik Vietnam Company Ltd |
100 |
100 |
||
|
Seco Tools Vietnam Co Ltd |
100 |
100 |
||
Zambia |
Sandvik Mining and Construction Zambia Limited |
100 |
100 |
||
|
|||||
§ Accounting principles
Subsidiaries
Subsidiaries are entities over which the Parent Company has a controlling influence. Controlling influence exists if the Parent Company has the power over the investee, meaning the investor has existing rights that give it the ability to direct the relevant activities, is exposed to or has the rights to variable return from its involvement in the investee and can, through its influence, affect the return from the involvement in the investee. In assessing a controlling interest, de facto control, potential voting rights that are currently exercisable or convertible are taken into account.
The financial statements of subsidiaries are included in the consolidated financial statements from the date that the controlling influence commences until the date that control ceases.
For cases in which the subsidiary’s accounting policies do not coincide with the Group’s accounting policies, adjustments were made to comply with the Group’s accounting policies.
The consolidated financial statements are prepared in accordance with the purchase method. In business combinations, acquired assets and assumed liabilities are identified and classified, and measured at fair value on the date of acquisition (also known as a purchase price allocation).
Transaction costs in conjunction with acquisitions are directly recognized in profit or loss for the year as other operating expenses.
Contingent considerations are recognized as financial liabilities and at fair value on the acquisition date. Contingent considerations are remeasured at each reporting period with any change recognized in profit or loss for the year.
In step acquisitions, when a controlling interest is achieved, any net assets acquired earlier in the acquired units are remeasured at fair value and the result of the remeasurement is recognized in profit or loss. If the controlling interest is lost upon divestment, net profit is recognized in profit or loss. Any residual holding in the divested business is then measured at fair value on the date of divestment and its effect is recognized in profit or loss for the year.
Shares in Group companies and associated companies
The Parent Company recognizes shares in Group companies and associated companies in accordance with the cost model, meaning that transaction costs are included in the carrying amount of holdings in subsidiaries and associated companies. Transaction costs related to shares in Group companies are recognized directly in profit or loss in the consolidated financial statements when they arise. Contingent consideration is valued based on the probability that the consideration will be paid. Any changes in the provision/receivable are added to/deducted from the cost. Contingent consideration is measured at fair value in the consolidated financial statements with changes in value recognized in profit or loss. Dividends from subsidiaries are recognized in full as income in profit or loss for the year.