4.5.1Investment in Group Companies
The movements in the item Investment in Group companies are as follows:
Investment in Group companies
|
2020 |
2019 |
||
|---|---|---|---|
|
Balance at 1 January |
2,739 |
2,613 |
|
|
Loans issued to subsidiairy |
6 |
44 |
|
|
Investments net value |
2,745 |
2,657 |
|
|
Result of Group companies |
221 |
389 |
|
|
Capital contributions |
35 |
- |
|
|
Divestments and capital repayments |
- |
(11) |
|
|
Dividends received |
(337) |
(247) |
|
|
Other changes1 |
(83) |
17 |
|
|
Foreign currency variations |
(7) |
(23) |
|
|
Movements |
(172) |
125 |
|
|
Balance at 31 December |
2,567 |
2,739 |
|
|
Loans issued to subsidiairy |
7 |
6 |
|
|
Investments net value at 31 December |
2,574 |
2,745 |
- 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).
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