4.5.1Investment in Group Companies
The movements in the item Investment in Group companies are as follows:
Investment in Group companies
|
2017 |
2016 |
||
|---|---|---|---|
|
Balance at 1 January |
2,773 |
2,501 |
|
|
Reclassification to other receivables |
41 |
42 |
|
|
Investments net value |
2,814 |
2,543 |
|
|
Result of Group companies |
(125) |
204 |
|
|
Divestments and capital repayments |
(232) |
- |
|
|
Dividends received |
(118) |
- |
|
|
Other changes (a.o. IAS 39)1 |
189 |
54 |
|
|
Foreign currency variations |
(9) |
(27) |
|
|
Movements |
(295) |
230 |
|
|
Balance at 31 December |
2,477 |
2,773 |
|
|
Reclassification to other receivables2 |
46 |
41 |
|
|
Investments net value at 31 December |
2,523 |
2,814 |
- 1 mainly relates to Cash flow hedges/net investment hedges (please refer to section 4.2.4 'Company's Consolidated Statement of changes in equity).
- 2 this relates to negative equity booked against the companies stand alone receivables on those investments.
An overview of the information on principal subsidiary undertakings required under articles 2: 379 of the Dutch Civil Code is given below. The subsidiaries of the Company are the following (all of which are 100% owned):
- SBM Offshore Holding B.V., Amsterdam, The Netherlands
- SBM Holding Inc. S.A., Marly, Switzerland
- SBM Holding Luxembourg S.à.r.l, 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
- FPSO Capixaba Holding B.V., ’s Gravenhage, The Netherlands
- XNK Industries B.V., Dongen, The Netherlands