4.5.1Investment in Group Companies
The movements in the item Investment in Group companies are as follows:
Investment in Group companies
|
2019 |
2018 |
||
|---|---|---|---|
|
Balance at 1 January |
2,613 |
2,473 |
|
|
Reclassification to other receivables |
44 |
46 |
|
|
Investments net value |
2,657 |
2,518 |
|
|
Result of Group companies |
389 |
239 |
|
|
Investments |
- |
1 |
|
|
Divestments and capital repayments |
(11) |
- |
|
|
Dividends received |
(247) |
(61) |
|
|
Other changes1 |
17 |
(25) |
|
|
Foreign currency variations |
(23) |
(14) |
|
|
Movements |
125 |
141 |
|
|
Balance at 31 December |
2,739 |
2,613 |
|
|
Reclassification to other receivables2 |
6 |
44 |
|
|
Investments net value at 31 December |
2,745 |
2,657 |
- 1 Mainly relates to Cash flow hedges and transaction with non-controlling interests (please refer to note 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 SBM Offshore N.V. 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