AAK Annual Report 2017

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 ´5DZ PDWHULDOV DQG FRQVXPDEOHV DQG FKDQJHV LQ LQYHQWRULHV RI ILQLVKHG SURGXFWV DQG ZRUN LQ SURJUHVV´ IRU WKH *URXS LQFOXGHV 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