Board of Directors Report

Note 29 - Shares and participations

Participation in associated companies    
  2010 2009
Opening balance, January 1 19 27
Acquisitions — —
Operating result — 1
Dividend — —
Tax — —
Divestment — –8
Other –2 –1
Exchange difference — —
Closing balance, December 31 17 19

Participation in associated companies at December 31, 2010, includes goodwill with the amount of SEK 2m (2).

Companies classified as assets available for sale    
  Holding, % Carrying amount
Videocon Industries Ltd., India 2.9 293

The Group’s share of the associated companies, all of which are unlisted, were at December 31, 2010, as follows:

Associated companies                      
  2010
      Relation to Electrolux1)   Income statement   Balance sheet
  Partici-pation, % Carrying amount Receiv- ables Liabilities Sales Purchases   Income Net results   Total assets Total
liabilities
Sidème, France 39.3 13 44 — 241 3   525 –1   182 151
European Recycling Platform, ERP, France 24.5 4 — 51 — 83   23 3   246 232
Total — 17 44 51 241 86   548 2   428 383
                         
1) From Electrolux perspective.            

The Group’s share of the associated companies, all of which are unlisted, were at December 31, 2009, as follows:

  2009
      Relation to Electrolux1)   Income statement    Balance sheet
  Partici-pation‚% Carrying
amount		 Receiv-ables Liabilities Sales Purchases   Income Net results   Total assets Total
liabilities
Sidème, France 39.3 16 85 — 336 —   711 1   210 176
European Recycling Platform, ERP, France 24.5 3 — 56 — 93   164 3   273 258
Total — 19 85 56 336 93   875 4   483 434
                         
1) From Electrolux perspective.                
     
Subsidiaries   Holding, %
Major Group companies  
Australia Electrolux Home Products Pty. Ltd 100
Austria Electrolux Hausgeräte G.m.b.H. 100
  Electrolux CEE G.m.b.H. 100
Belgium Electrolux Home Products Corporation N.V. 100
  Electrolux Belgium N.V. 100
Brazil Electrolux do Brasil S.A. 100
Canada Electrolux Canada Corp. 100
China Electrolux (Hangzhou) Domestic Appliances  Co. Ltd 100
  Electrolux (China) Home Appliance Co. Ltd 100
Denmark Electrolux Home Products Denmark A/S 100
Finland Oy Electrolux Ab  100
France Electrolux France SAS 100
  Electrolux Home Products France SAS 100
  Electrolux Professionnel SAS 100
Germany Electrolux Deutschland GmbH 100
  Electrolux Rothenburg GmbH Factory and Development Germany 100
Hungary Electrolux Lehel Hütögépgyár Kft 100
Italy Electrolux Appliances S.p.A. 100
  Electrolux Professional S.p.A. 100
  Electrolux Italia S.p.A. 100
Luxembourg Electrolux Luxembourg S.à r.l. 100
Mexico Electrolux de Mexico, S.A. de CV 100
The Netherlands Electrolux Associated Company B.V. 100
  Electrolux Home Products (Nederland) B.V. 100
Norway Electrolux Home Products Norway AS 100
Poland Electrolux Poland Spolka Z.o.o. 100
Spain Electrolux Home Products España S.A. 100
  Electrolux Home Products Operations España S.L. 100
Sweden Electrolux Laundry Systems Sweden AB 100
  Electrolux HemProdukter AB 100
  Electrolux Professional AB 100
  Electrolux Floor Care and Small Appliances AB 100
Switzerland Electrolux AG 100
United Kingdom Electrolux Plc 100
  Electrolux Professional Ltd 100
USA Electrolux Home Products Inc. 100
  Electrolux North America, Inc. 100
  Electrolux Professional Inc. 100

A detailed specification of Group companies has been submitted to the Swedish Companies Registration Office and is available on request from AB Electrolux, Investor Relations and Financial Information.