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Annual Report 2014 Report by the Board of Directors Notes Proposed distribution of earnings Auditor’s report 11-year review Quarterly info

Note 29 Shares and participations

Associated companies

Participation in associated companies amounted in total to SEK 228m (221). Electrolux owns 39.3% of Sidème, France, with a carrying amount SEK 15m (13) and 50% of Gångaren 13 Holding AB with a carrying amount of SEK 213m (203). Gångaren 13 Holding AB is a real estate company owning the corporate head office in Sweden. Both companies are unlisted and Electrolux participation remained unchanged during the year. During the year, Electrolux sold it’s 24.5% holding in European Recycling Platform, France.

Companies classified as assets available for sales

Electrolux holds 2.7% (2.8) of the shares in Videocon Industries Ltd., India, with a carrying amount of SEK 176m (159).

Group companies

The following table lists the major companies included in the Electrolux Group. 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.

Subsidiaries   Holding, %
Major Group companies    
Argentina Frimetal S.A 99.51
Australia Electrolux Home Products Pty. Ltd 100
Austria Electrolux Hausgeräte GmbH 100
Belgium Electrolux Home Products Corporation N.V. 100
Brazil Electrolux do Brasil S.A. 100
Canada Electrolux Canada Corp. 100
Chile CTI S.A. 99.51
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 for Trade & Industry S.A.E. 99.94
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
     
  Electrolux Professional GmbH 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
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
Russia LLC Electrolux Rus 100
     
Singapore Electrolux SEA Pte Ltd 100
     
Spain Electrolux España S.A. 100
Sweden Electrolux Laundry Systems Sweden AB 100
  Electrolux HemProdukter AB 100
  Electrolux Appliances AB 100
Switzerland Electrolux AG 100
  Electrolux Professional AG 100
     
Thailand Electrolux Thailand Co. Ltd. 100
     
Ukraine DC Electrolux LLC 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