Financial Report and Registration Document 2010 - Groupe Seb
Financial Report and Registration Document 2010 - Groupe Seb
Financial Report and Registration Document 2010 - Groupe Seb
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4 NOTES<br />
COMPANY FINANCIAL STATEMENTS<br />
TO THE COMPANY FINANCIAL STATEMENTS<br />
NOTE 3<br />
LIST OF SUBSIDIARIES AND AFFILIATES<br />
3.1. INFORMATION CONCERNING SHARES IN SUBSIDIARIES AND AFFILIATES<br />
3.1.1. Subsidiaries (more than 50%-owned)<br />
(in € millions)<br />
Shareholders’<br />
equity<br />
% interest<br />
Carrying amount<br />
of investment<br />
Loans <strong>and</strong><br />
advances given<br />
Calor S.A.S. 7.9 100% 39.6 16.6 0.6<br />
Guarantees <strong>and</strong> Dividends received<br />
bonds given during the period<br />
S.A.S. SEB 14.9 100% 101.1 1.5 - -<br />
Tefal S.A.S. 45.5 100% 9.4 21.7 - -<br />
Rowenta France S.A.S. 7.3 100% 17 (4.4) - -<br />
SEB Développement S.A.S. 17.6 100% 15.5 16.3 - -<br />
Rowenta Invest BV 157.7 100% 211.8 0.1 - -<br />
SEB Internationale S.A.S. 501.3 100% 215.4 212.7 - 0<br />
<strong>Groupe</strong> SEB France 204.7 98% 73.9 (150.1) 2.1 66.7<br />
<strong>Groupe</strong> SEB Export 37.4 100% 38 (104.5) 0.5 4.5<br />
<strong>Groupe</strong> SEB Moulinex 8.9 100% 70.3 (4.1) -<br />
<strong>Groupe</strong> SEB Retailing 1.2 100% 3 1.4 - 1<br />
3.1.2. Affiliates (10% to 50%-owned)<br />
(in € millions)<br />
Shareholders’<br />
equity<br />
% interest<br />
Carrying amount<br />
of investment<br />
Loans <strong>and</strong><br />
advances given<br />
Guarantees <strong>and</strong> Dividends received<br />
bonds given during the period<br />
S.I.S. 3.6 46.81% 0.5 6.5 - 1.2<br />
Domaine de Seillac S.A.<br />
(at 31 December 2003) (0.8) 24.75% 0.1 - - -<br />
As allowed by Article 24 paragraph 11 of decree 83.1020 dated 29 November<br />
1983, the results of individual subsidiaries are not disclosed because<br />
the Company considers that disclosure of this information could be<br />
seriously prejudicial to its interests. Additional information analysed by<br />
geographic segment is provided in the notes to the consolidated financial<br />
statements (Note 4 – Segment Information). Consolidated Group revenue<br />
generated by direct <strong>and</strong> indirect subsidiaries <strong>and</strong> affiliates totalled<br />
€3,651.8 million while net income attributable to owners of the parent came<br />
to €220.4 million in <strong>2010</strong>.<br />
3.2. GENERAL INFORMATION CONCERNING OTHER SUBSIDIARIES AND AFFILIATES<br />
Carrying amount of investments: €0.1 million.<br />
NOTE 4<br />
OTHER RECEIVABLES<br />
Other receivables correspond to income tax prepayments for €5.5 million <strong>and</strong> financial instruments for €8.2 million.<br />
124 FINANCIAL REPORT AND REGISTRATION DOCUMENT <strong>2010</strong> GROUPE SEB
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