73
NOTE 17 – INVESTMENTS IN GROUP COMPANIES
Parent
2017 2016
Start of year 2,426 2,421
Formation of subsidiaries - 5
Accumulated cost 2,426 2,426
List of shareholdings and book value as of December 31, 2017
2017 2016
Domicile No. of shares Capital %
Book
value No. of shares Capital %
Book
value
AarhusKarlshamn Invest AB, Sweden Malmö 1,000 100 0 1,000 100 0
AAK Colombia, Colombia Bogotá 2,079,740 100 2,079,740 100
AAK Belgium N.V., Belgium Antwerpen 6,150 100 6,150 100
AAK Zhangjiagang Ltd, China Zhangjiagang - 100 - 100
AarhusKarlshamn Finance AB, Sweden Malmö 100,000 100 472 100,000 100 472
$DUKXV.DUVKDPQ+ROGLQJ$%6ZHGHQ Malmö 100 100 481 100 100 481
AAK Kamani Pvt Ltd, India Mumbai 650,250 51 650,250 51
AAK Sweden AB, Sweden Karlshamn 21,864,928 100 21,864,928 100
AAK Netherlands BV, the Netherlands Zaandijk 500 100 500 100
$$.'HQPDUN+ROGLQJ$6'HQPDUN Aarhus 400,000,000 100 1,468 400,000,000 100 1,468
AAK Denmark A/S, Denmark Aarhus 100,000,000 100 100,000,000 100
AarhusKarlshamn Latin America S.A., Uruguay Cousa 163,045,852 100 163,045,852 100
AAK do Brasil Indústria e Comércia de Óleos
Vegetais Ltda, Brazil São Paulo 1,511,529,749 100 1,511,529,749 100
AAK (UK) Ltd, United Kingdom +XOO 23,600,000 100 23,600,000 100
AAK USA Inc., USA New Jersey 20,300,000 100 20,300,000 100
AAK Mexico, S.A. de C.V., Mexico Morelia 201,006,799 99,9976 201,006,799 99,9976
AAK Miyoshi Japan Co. Ltd, Japan Tokyo 70,000,000 70 5 70,000,000 70 5
Total 2,426 2,426
The list includes certain shares and ownership interests owned by the Parent, either directly or indirectly, as of December 31,
2017. A complete listing of all holdings of shares and interests prepared in accordance with the rules of the Swedish Annual
Accounts Act and which is included in the annual reports filed with the Swedish Companies Registration Office can be requested
from AAK AB, Corporate Communications, Skrivaregatan 9, 215 32 Malmö, Sweden.
NOTE 18 – INVENTORIES
Group
2017 2016
Raw materials and consumables 2,619 2,737
Goods in transit 556 511
Work in progress 847 894
Finished products and goods for resale 634 708
Total according to balance sheet 4,656 4,850
Change in fair value 13 245
Inventory at fair value 4,669 5,095
´5DZPDWHULDOVDQGFRQVXPDEOHVDQGFKDQJHVLQLQYHQWRULHVRIILQLVKHGSURGXFWVDQGZRUNLQSURJUHVV´IRUWKH*URXSLQFOXGHV
impairment loss on inventories of SEK 15 million (7).
127(±&$6+$1'&$6+(48,9$/(176
Group
2017 2016
Cash equivalents 460 552
Current investments 20 34
Total 480 586