Note 29 - Shares and participations

All amounts in SEKm unless otherwise stated

Participation in associated companies
	2011	2010
Opening balance, January 1	17	19
Acquisitions	—	—
Operating result	1	—
Dividend	—	—
Tax	—	—
Divestment	—	—
Other	—	–2
Exchange-rate difference	—	—
Closing balance, December 31	18	17

Participation in associated companies at December 31, 2011,
included goodwill with the amount of SEK 2m (2).

Companies classified as assets available for sale
Videocon Industries Ltd., India	Holding, %	Carrying amount
2011	2,9	202
2010	2,9	293

The Group’s share of the associated companies, all of which are unlisted, were at December 31, 2011, as follows:

Associated companies
	2011
			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	14	31	—	185	1	482	2	157	127
European Recycling Platform, ERP, France	24,5	4	—	—	—	—	27	1	—	—
Total		18	31	0	185	1	509	3	157	127

1) From Electrolux perspective.

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

	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.


Subsidiaries		Holding, %
Major Group companies
Argentina	Frimetal S.A.	100
Australia	Electrolux Home Products Pty. Ltd.	100
Austria	Electrolux Hausgeräte GmbH	100
	Electrolux CEE Ges.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
Chile	Compañia Tecno Industrial S.A.	98.08
	Somela S.A.	98.17
China	Electrolux (Hangzhou) Domestic Appliances Co. Ltd.	100
	Electrolux (China) Home Appliance Co. Ltd.	100
Denmark	Electrolux Home Products Denmark A/S	100
Egypt	Olympic Group Financial Investment S.A.E.	98.33
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	100
Hungary	Electrolux Lehel 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 C.V.	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.