5.5.1Investment in Group Companies
The movements in the item Investment in Group companies are as follows:
Investment in Group companies
|
2016 |
2015 |
||
|---|---|---|---|
|
Balance at 1 January |
2,585 |
2,129 |
|
|
Reclassification to other receivables |
(42) |
(47) |
|
|
Investments net value |
2,543 |
2,082 |
|
|
Result of Group companies |
204 |
54 |
|
|
Investment and other changes (a.o. IAS 39) |
54 |
381 |
|
|
Divestments and capital repayments |
- |
39 |
|
|
Foreign currency variations |
(27) |
(13) |
|
|
Movements |
230 |
461 |
|
|
Balance at 31 December |
2,814 |
2,585 |
The subsidiaries of the Company are the following (all of which are 100% owned):
- SBM Offshore Holding B.V., Amsterdam, the Netherlands
- SBM Group Holding Inc., Marly, Switzerland
- SBM Holding Luxembourg SARL, Luxembourg, Luxembourg
- SBM Schiedam B.V., Rotterdam, the Netherlands
- Van der Giessen-de Noord N.V., Krimpen a/d IJssel, the Netherlands
- SBM Holland B.V., Rotterdam, the Netherlands
- Capixaba Holding B.V., ’s Gravenhage, the Netherlands
- XNK Industries B.V., Dongen, the Netherlands