Relevant GRI Indicators
P12 Shares in Group companies
|
2020 |
2021 |
|---|---|---|
Cost |
|
|
At the beginning of the year |
43,044 |
44,069 |
Additions |
349 |
8,775 |
Capital contributions |
1,136 |
18,979 |
Capital reductions |
– |
–4 |
Divestment |
–460 |
–19,888 |
At the end of the year |
44,069 |
51,931 |
|
|
|
Accumulated impairment losses |
|
|
At the beginning of the year |
–471 |
–525 |
Impairment losses for the year |
–54 |
– |
Impairment reversed for the year |
– |
52 |
At the end of the year |
–525 |
–473 |
|
|
|
Accumulated revaluations |
|
|
At the beginning of the year |
0 |
0 |
At the end of the year |
0 |
0 |
Carrying amount at year-end |
43,544 |
51,458 |
|
|
2020 |
2021 |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Company, domicile |
Corp. Reg. number |
No. of shares |
Holding, %2) |
Carrying amount 000s SEK |
No. of shares |
Holding, %2) |
Carrying amount 000s SEK |
||||
SWEDEN |
|
|
|
|
|
|
|
||||
Gimo Utbildningsaktiebolag, Gimo |
556061–4041 |
1,000 |
91 |
7,527 |
1,000 |
91 |
11,301 |
||||
Industri AB Skomab, Sandviken |
556008–8345 |
2,000 |
100 |
21,946 |
2,000 |
100 |
21,946 |
||||
Sandvik Global Purchasing AB, Stockholm |
556052–4315 |
1,000 |
100 |
50 |
1,000 |
100 |
50 |
||||
AB Sandvik Coromant, Sandviken1) |
556234–6865 |
1,000 |
100 |
50 |
1,000 |
100 |
50 |
||||
Sandvik Coromant Sverige AB, Stockholm1) |
556350–7846 |
1,000 |
100 |
100 |
1,000 |
100 |
100 |
||||
Sandvik Far East Ltd. AB, Sandviken |
556043–7781 |
10,000 |
100 |
10,000 |
10,000 |
100 |
10,000 |
||||
Sandvik Försäkrings AB, Sandviken |
516401–6742 |
1,500 |
100 |
81,000 |
1,500 |
100 |
81,000 |
||||
Sandvik Besöksservice AB, Sandviken1) |
556235–3838 |
1,000 |
100 |
50 |
1,000 |
100 |
50 |
||||
Sandvik Intellectual Property AB, Sandviken |
556288–9401 |
1,000,000 |
100 |
3,499,950 |
1,000,000 |
100 |
3,499,950 |
||||
AB Sandvik International, Sandviken1) |
556147–2977 |
1,000 |
100 |
50 |
1,000 |
100 |
50 |
||||
Sandvik Materials Technology EMEA AB, Stockholm |
556734–2026 |
501,000 |
100 |
6,623,705 |
– |
– |
– |
||||
Sandvik Construction AB, Sandviken1) |
556664–9983 |
1,000 |
100 |
100 |
– |
– |
– |
||||
Sandvik Mining and Construction Sverige AB, Sandviken1) |
556288–9443 |
1,000 |
100 |
50 |
1,000 |
100 |
50 |
||||
Sandvik Mining and Construction Tools AB, Sandviken1) |
556234–7343 |
1,000 |
100 |
50 |
1,000 |
100 |
50 |
||||
Sandvik Rotary Tools AB, Köping |
556191–8920 |
101,000 |
100 |
103,231 |
101,000 |
100 |
103,231 |
||||
AB Sandvik Skogsfastigheter, Sandviken |
556579–5464 |
1,000 |
100 |
51 |
1,000 |
100 |
51 |
||||
AB Sandvik Steel Investment, Sandviken |
556350–7853 |
1,000 |
100 |
100 |
1,000 |
100 |
100 |
||||
Sandvik Stål Försäljnings AB, Stockholm1) |
556251–5386 |
1,000 |
100 |
50 |
1,000 |
100 |
50 |
||||
Sanrip AB, Sandviken1) |
556692–0038 |
1,000 |
100 |
100 |
1,000 |
100 |
100 |
||||
Sandvik Machining Solutions AB, Sandviken1) |
556692–0053 |
1,000 |
100 |
100 |
1,000 |
100 |
100 |
||||
Sandvik Utbildnings AB, Sandviken |
556304–8791 |
910 |
91 |
37,947 |
910 |
91 |
48,070 |
||||
Sandvikens Brukspersonals Byggnadsförening upa, Sandviken |
785500–1686 |
– |
100 |
0 |
– |
100 |
0 |
||||
Dormer Pramet AB, Halmstad |
556240–8210 |
80,000 |
100 |
46,145 |
80,000 |
100 |
46,145 |
||||
Walter Norden AB, Halmstad |
556752–4698 |
15,000 |
100 |
5,139 |
15,000 |
100 |
5,139 |
||||
Sandvik Mining and Construction Köping AB, Köping1) |
556776–9525 |
1,000 |
100 |
100 |
– |
– |
– |
||||
Wire Sandviken AB, Sandviken1) |
556779–3897 |
1,000 |
100 |
100 |
1,000 |
100 |
100 |
||||
Sandvik IT Services AB, Sandviken1) |
556788–9059 |
1,000 |
100 |
100 |
1,000 |
100 |
100 |
||||
Sandvik Venture AB, Stockholm1) |
556868–7155 |
1,000 |
100 |
281,048 |
1,000 |
100 |
281,048 |
||||
Sandvik Financial Services AB, Stockholm |
556843–7296 |
10,000 |
100 |
75,000 |
10,000 |
100 |
75,000 |
||||
Seco Tools AB, Fagersta |
556071–1060 |
145,467,690 |
100 |
15,658,859 |
145,467,690 |
100 |
15,658,859 |
||||
Sandvik PT AB, Sandviken |
556207–5191 |
2,500 |
100 |
4,740,600 |
– |
– |
– |
||||
Sandvik Materials Technology Holding AB, Sandviken |
559224–1433 |
– |
– |
– |
1,000 |
100 |
11,424,878 |
||||
Sandnest 3 AB, Stockholm |
559291–1035 |
25,000 |
100 |
25 |
25,000 |
100 |
25 |
||||
Sandnest 2 AB, Stockholm |
559291–1027 |
25,000 |
100 |
25 |
25,000 |
100 |
25 |
||||
Sandnest 1 AB, Stockholm |
559291–1019 |
25,000 |
100 |
25 |
25,000 |
100 |
25 |
||||
|
|||||||||||
|
|
2020 |
2021 |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Country/Location |
Company |
No. of shares |
Holding, %2) |
Carrying amount 000s SEK |
No. of shares |
Holding, %2) |
Carrying amount 000s SEK |
||||||||
Brazil |
Sandvik Holding Do Brasil Ltda. |
339,135,756 |
100 |
790,695 |
339,135,756 |
100 |
786,657 |
||||||||
Bulgaria |
Sandvik Bulgaria Ltd. |
– |
100 |
0 |
– |
100 |
0 |
||||||||
Chile |
Sandvik Financial Services S.A. |
9,900 |
99 |
165,331 |
9,900 |
99 |
165,331 |
||||||||
China |
Sandvik China Holding Co Ltd. |
– |
100 |
1,579,078 |
– |
100 |
1,579,079 |
||||||||
|
Sandvik Materials Technology (China) Ltd. |
– |
233) |
230,343 |
– |
– |
– |
||||||||
Czech Republic |
Sandvik CZ s.r.o. |
– |
100 |
0 |
– |
100 |
0 |
||||||||
Democratic Republic of Congo |
Sandvik Mining and Construction DRC S.P.R.L. |
9,990 |
100 |
4,898 |
9,990 |
100 |
43,235 |
||||||||
Hungary |
Sandvik Magyarorszag Kft. |
– |
100 |
3,258 |
– |
100 |
3,258 |
||||||||
India |
Sandvik Asia Ltd. |
1,801,241 |
754) |
252,481 |
1,801,241 |
754) |
252,481 |
||||||||
|
Sandvik Materials Technology India Private Ltd. |
1,801,241 |
754) |
2,084 |
– |
– |
– |
||||||||
|
Sandvik Mining and Rock Technology India Private Ltd. |
1,801,241 |
754) |
2,084 |
1,801,241 |
754) |
2,084 |
||||||||
Ireland |
Sandvik Mining and Construction Logistics Ltd. |
100 |
100 |
5,508 |
100 |
100 |
5,508 |
||||||||
Japan |
Sandvik K.K. |
8,000 |
100 |
224,207 |
8,000 |
100 |
224,207 |
||||||||
Korea |
Sandvik Korea Ltd. |
752,730 |
100 |
20,185 |
752,730 |
100 |
20,185 |
||||||||
Luxembourg |
DSI Underground Holdings S.à.r.l. |
– |
– |
– |
1,539,861 |
100 |
7,435,652 |
||||||||
|
Rocbolt Technologies Holdings Mongolia S.à.r.l. |
– |
– |
– |
6,000 |
50 |
1 |
||||||||
Mali |
Sandvik Mining and Construction Mali |
25,000 |
100 |
3,462 |
25,000 |
100 |
3,462 |
||||||||
Mauritius |
Rocbolt of Mauritius Ltd. |
– |
– |
– |
956,768 |
50 |
430,027 |
||||||||
Mexico |
Sandvik Méxicana S.A. de C.V. |
406,642,873 |
903) |
712,312 |
406,642,873 |
903) |
712,312 |
||||||||
Mongolia |
Sandvik Mongolia LLC. |
400,000 |
100 |
2,682 |
400,000 |
100 |
2,682 |
||||||||
Netherlands |
Sandvik Finance B.V. |
18,788 |
100 |
7,093,582 |
18,788 |
100 |
7,093,582 |
||||||||
|
Frost Holding B.V. |
1 |
100 |
0 |
1 |
100 |
0 |
||||||||
Peru |
Sandvik del Perú S.A. |
6,562,795 |
903) |
26,025 |
6,562,795 |
903) |
26,025 |
||||||||
Russia |
Sandvik LLC. |
– |
100 |
67,238 |
– |
100 |
67,238 |
||||||||
|
Sandvik Mining and Construction CIS LLC. |
– |
100 |
45,015 |
– |
100 |
45,015 |
||||||||
Serbia |
Sandvik Mining and Rock Technology LLC. Belgrade |
– |
100 |
7,898 |
– |
100 |
7,898 |
||||||||
Slovakia |
Sandvik Slovakia s.r.o. |
– |
100 |
1,238 |
– |
100 |
1,238 |
||||||||
South Africa |
Sandvik Holding Southern Africa (Pty) Ltd. |
1,107,501 |
100 |
1,084,567 |
1,107,501 |
100 |
1,084,567 |
||||||||
|
Rocbolt Technologies Holdings Pty Ltd. |
– |
– |
– |
500,000 |
50 |
172,322 |
||||||||
Turkey |
Sandvik Endüstriyel Mamüller Sanayi ve Ticaret A.S. |
125,154,588 |
100 |
3,200 |
125,154,588 |
100 |
3,200 |
||||||||
UAE |
Sandvik Middle East FZE. |
1 |
100 |
19,886 |
1 |
100 |
19,886 |
||||||||
Zimbabwe |
Sandvik Mining and Construction Zimbabwe (Pty) Ltd. |
233,677 |
100 |
3,269 |
233,677 |
100 |
3,269 |
||||||||
Total |
|
|
|
43,543,899 |
|
|
51,458,044 |
||||||||
|
|||||||||||||||
Country/Location |
Company |
2020 |
2021 |
||
|---|---|---|---|---|---|
Sweden |
Sandvik Financial Service SPV AB |
– |
100 |
||
|
DSI Underground Nordics AB |
– |
100 |
||
|
Edvirt AB |
– |
100 |
||
|
Sandvik Materials Technology StripTech AB |
100 |
100 |
||
|
Sandvik Materials Technology Rock Drill Steel AB |
100 |
100 |
||
|
Sandvik PT AB |
– |
100 |
||
|
Sandvik Materials Technology EMEA AB |
– |
100 |
||
|
Sandvik Treasury AB |
100 |
100 |
||
|
Sandvik Materials Technology Treasury AB |
100 |
100 |
||
|
Metrolog Services Nordic AB |
100 |
100 |
||
|
SETP Invest AB |
100 |
100 |
||
|
Sandvik Invest Aktiebolag |
100 |
100 |
||
|
Seco AB |
100 |
100 |
||
|
Pramet Scandinavia AB |
100 |
100 |
||
|
AB Sandvik Materials Technology |
100 |
100 |
||
|
Kanthal AB |
100 |
100 |
||
|
Sandvik Mining and Construction Haparanda AB |
100 |
100 |
||
|
Sandvik SRP AB |
100 |
100 |
||
Argentina |
DSI Underground Argentina S.A. |
– |
100 |
||
|
Seco Tools Argentina S.A. |
100 |
100 |
||
|
Sandvik Argentina S.A. |
100 |
100 |
||
|
Sandvik Mining and Construction Argentina S.A. |
100 |
100 |
||
Armenia |
Sandvik Mining and Rock Technology AM LLC |
100 |
100 |
||
Australia |
Sandvik Australia Pty Ltd. |
100 |
100 |
||
|
Sandvik Financial Services Pty Ltd. |
100 |
100 |
||
|
DSI Underground Australia Pty Limited |
– |
100 |
||
|
DSI Australia Holdings Pty Ltd. |
– |
100 |
||
|
DSI Holdings 1 Australia Pty Ltd. |
– |
100 |
||
|
DSI Holdings 2 Australia Pty Ltd. |
– |
100 |
||
|
Stratabolt Resins Australia Pty Ltd. |
– |
100 |
||
|
Heintzmann Australia Pty Ltd. |
– |
100 |
||
|
Fero Group Pty Ltd. |
– |
100 |
||
|
Sandvik Mining and Construction Australia (Production/Supply) Pty Ltd. |
100 |
100 |
||
|
NTX Australia Pty Ltd. |
100 |
100 |
||
|
Fero Group (Queensland) Pty Ltd. |
– |
100 |
||
|
Fero Reinforcing Pty Ltd. |
– |
100 |
||
|
Fero Strata Systems Pty Ltd. |
– |
100 |
||
|
Edvirt Australia Pty Ltd. |
– |
100 |
||
|
Tricon Drilling Solutions Pty Ltd. |
– |
100 |
||
|
SigmaTEK Pty Ltd. (Australia) |
– |
100 |
||
|
Terelion (Australia) Pty Ltd. |
100 |
100 |
||
|
Seco Tools Australia Pty Ltd. |
100 |
100 |
||
|
Sandvik Australia Holdings Pty Ltd. |
100 |
100 |
||
|
Sandvik Mining and Construction Australia Pty Ltd. |
100 |
100 |
||
Austria |
Sandvik in Austria Gesellschaft GmbH |
100 |
100 |
||
|
DSI Underground Austria GmbH |
– |
100 |
||
|
Walter Austria GmbH |
100 |
100 |
||
|
Wolfram Bergbau und Hütten AG |
100 |
100 |
||
|
Seco Tools Gesellschaft GmbH |
100 |
100 |
||
|
Sandvik Mining and Construction G.m.b.H. |
100 |
100 |
||
|
Sandvik Mining and Construction Materials Handling GmbH & Co KG |
100 |
100 |
||
|
Sandvik Mining and Construction Materials Handling GmbH |
100 |
100 |
||
Belarus |
OOO Walter Tools |
100 |
100 |
||
Belgium |
Walter Benelux N.V./S.A. |
100 |
100 |
||
|
S.A. Seco Tools Benelux N.V. |
100 |
100 |
||
Botswana |
Sandvik Botswana (Pty) Ltd |
100 |
100 |
||
Brazil |
Sandvik Coromant Do Brasil Industria e Comercio de Ferramentas Ltda |
100 |
100 |
||
|
DSI Underground System Brasil Indústria e Comercio Ltda |
– |
100 |
||
|
Walter do Brazil Ltda |
100 |
100 |
||
|
Dormer Pramet Solucoes Para Usinagem Ltda |
100 |
100 |
||
|
Sandvik Materials Technology do Brasil Industria e Comercio Ltda |
100 |
100 |
||
|
Sandvik Holding do Brazil Ltda. |
100 |
100 |
||
|
Seco Tools Indústria e Comércio Ltda. |
100 |
100 |
||
|
SigmaTEK Systems Brasil Ltda. |
– |
100 |
||
|
Sandvik MGS S.A. |
100 |
100 |
||
|
Sandvik Mining and Rock Technology do Brasil Ltda. |
100 |
100 |
||
|
CGTech Brasil Consultoria de Software Eireli |
100 |
100 |
||
Burkina Faso |
Sandvik Mining and Rock Technology Burkina Faso SARL |
100 |
100 |
||
Canada |
Systéme Guardian Inc. |
100 |
– |
||
|
Sandvik Canada Inc. |
100 |
100 |
||
|
Sandvik Materials Technology Canada Inc. |
100 |
100 |
||
|
Newtrax Holdings Inc. |
100 |
100 |
||
|
Cimatron Technologies Inc. (Canada) |
– |
100 |
||
|
SigmaTEK Canada, LLC (Delaware) |
– |
100 |
||
|
ICAM Technologies Corp Canada |
– |
100 |
||
|
Indexable Cutting Tools of Canada |
– |
100 |
||
|
DSI Underground Canada Ltd. |
– |
100 |
||
|
11740750 Canada Limited |
– |
100 |
||
|
Inrock Ltd. |
100 |
100 |
||
|
Newtrax Technologies Inc. |
100 |
100 |
||
|
Artisan Vehicles, Inc. |
100 |
100 |
||
|
MISY Canada Inc. |
100 |
100 |
||
Chile |
Sandvik Chile S.A. |
100 |
100 |
||
|
DSI Underground Chile S.p.A |
– |
100 |
||
|
DSI Underground Ventilation Systems S.p.A. |
– |
51 |
||
|
NTX Chile SpA |
100 |
100 |
||
|
Sandvik Financial Services S.A. |
100 |
100 |
||
|
Sandvik Mining and Construction Chile S.A. |
100 |
100 |
||
China |
Sandvik Tooling Production (Langfang) Co., Ltd. |
100 |
100 |
||
|
DSI Underground Consulting Co., Ltd. |
– |
100 |
||
|
Rocbolt Technologies China Ltd. |
– |
100 |
||
|
Sandvik Industry Equipment (Shanghai) Co., Ltd. |
– |
100 |
||
|
Sandvik Materials Technology (China) Co., Ltd. |
77 |
100 |
||
|
Sandvik International Trading (Shanghai) Co., Ltd. |
100 |
100 |
||
|
Walter Wuxi Co., Ltd. |
100 |
100 |
||
|
DWFritz Precision Automation |
– |
100 |
||
|
DWFritz Wuxi Limited |
– |
100 |
||
|
DWFritz Technology Limited |
– |
100 |
||
|
Suzhou Xinlan Nano Technology |
– |
67 |
||
|
Wuhan Yongpu Carbide Tools |
– |
67 |
||
|
Suzhou OMK Carbide Tools |
– |
67 |
||
|
Chuzhou Yongpu Carbide Tools Co., Ltd. |
– |
67 |
||
|
Yongpu Global Trading Shanghai |
– |
67 |
||
|
Yongpu Supply Chain |
– |
67 |
||
|
Suzhou SPD Precision |
– |
67 |
||
|
Suzhou Yongpu Precision Technology |
– |
67 |
||
|
Cimatron (Beijing) Technologies Co., Ltd. |
– |
100 |
||
|
SigmaTEK Systems China, LLC |
– |
100 |
||
|
Sandvik Coromant Cutting Tools (Shanghai) Ltd. |
100 |
100 |
||
|
Sandvik Rock Tools Technology (Wuxi) Co., Ltd. |
100 |
100 |
||
|
Dormer Tools (Shanghai) Co., Ltd. |
100 |
100 |
||
|
Sandvik Logistics (Shanghai) Co., Ltd. |
100 |
100 |
||
|
Seco Tools (Shanghai) Co., Ltd. |
100 |
100 |
||
|
Kunshan OSK Precision Tools Co., Ltd. |
100 |
100 |
||
|
Seco Tools Manufacturing (Shanghai) Co., Ltd. |
100 |
100 |
||
|
Pramet Tools (Shanghai) Co., Ltd. |
100 |
– |
||
|
Sandvik Mining and Construction Trading (Shanghai) Co. |
100 |
100 |
||
|
Shanghai Jianshe Luqiao Machinery Co., Ltd. |
80 |
100 |
||
|
Shandong Energy Machinery Group ZhongRui Minig Equipment |
50 |
– |
||
|
Sandvik Mining and Construction (China) Co., Ltd. |
100 |
100 |
||
|
Sandvik Mining and Construction (Luoyang) Co., Ltd. |
100 |
100 |
||
|
Jinan Lingong Mining and Rock Technology Co., Ltd. |
65 |
65 |
||
|
Sandvik Industry Equipment (ChangZhou) Co., Ltd. |
– |
100 |
||
|
Beijing CGTech Software Co., Ltd. |
100 |
100 |
||
Colombia |
Sandvik Colombia S.A.S. |
100 |
100 |
||
|
DSI Underground Colombia S.A.S. |
– |
100 |
||
Czech Republic |
DSI Underground Multitex s.r.o. |
– |
100 |
||
|
Sandvik Chomutov Precision Tubes Spol. s.r.o. |
100 |
100 |
||
|
WALTER CZ s.r.o. |
100 |
100 |
||
|
Seco Tools CZ s.r.o. |
100 |
100 |
||
|
Dormer Pramet s.r.o. |
100 |
100 |
||
Denmark |
Sandvik A/S |
100 |
100 |
||
|
Materials Technology Denmark ApS |
– |
100 |
||
|
Seco Tools A/S |
100 |
100 |
||
DR Congo |
Sandvik Mining & Construction DRC SARL |
100 |
100 |
||
Finland |
Seco Tools Oy |
100 |
100 |
||
|
Materials Technology Finland Oy |
– |
100 |
||
|
Sandvik Mining and Construction Oy |
100 |
100 |
||
|
Sandvik Mining and Construction Finland Oy |
100 |
100 |
||
|
Tamrock Oy |
100 |
100 |
||
|
Oy Tampella Ab |
100 |
100 |
||
|
Sandvik Coromant Finland Oy |
100 |
100 |
||
|
Tammerfors Linne och Jern Ab |
100 |
100 |
||
France |
Sandvik Holding France S.A.S |
100 |
100 |
||
|
Sandvik Tooling France S.A.S |
100 |
100 |
||
|
SigmaNEST France |
– |
100 |
||
|
Sandvik Materials Technology France S.A.S |
100 |
100 |
||
|
Walter France S.A.S. |
100 |
100 |
||
|
Gunther Tools |
100 |
100 |
||
|
DWFritz Metrology SAS |
– |
100 |
||
|
Sandvik Coromant Inserts France S.A.S |
100 |
100 |
||
|
Sandvik Mining and Construction Lyon S.A.S |
100 |
100 |
||
|
Sandvik Mining and Construction France S.A.S |
100 |
100 |
||
|
Financiere Metrolog S.A.S |
100 |
100 |
||
|
Metrologic Group S.A.S |
100 |
100 |
||
|
Metrologic Services S.A.S |
100 |
100 |
||
|
A.O.B. S.A.S |
100 |
100 |
||
|
Seco Tools France S.A.S. |
100 |
100 |
||
|
SECO Tools tooling systems S.A.S |
100 |
100 |
||
|
Seco Ressources et Finances SA |
100 |
100 |
||
|
Seco Tools Reaming S.A.S |
100 |
100 |
||
|
CGTech S.A.R.L. |
100 |
100 |
||
Germany |
Sandvik Materials Technology Deutschland GmbH |
100 |
100 |
||
|
Walter Deutschland GmbH |
100 |
100 |
||
|
Sandvik Tooling Deutschland GmbH |
100 |
100 |
||
|
Walter AG |
100 |
100 |
||
|
TDM Systems GmbH |
100 |
100 |
||
|
Comara GmbH |
100 |
100 |
||
|
Werner Schmitt PKD-Werkzeug GmbH |
100 |
100 |
||
|
Schaum-Chemie Beteiligungen 1 GmbH |
– |
100 |
||
|
DSI Underground GmbH |
– |
100 |
||
|
Prototyp-Werke GmbH |
100 |
100 |
||
|
Cimatron Technologies GmbH |
– |
100 |
||
|
SigmaNEST GmbH |
– |
100 |
||
|
Metrologic Group GmbH |
100 |
100 |
||
|
Protomedical GmbH |
100 |
100 |
||
|
Kanthal GmbH |
100 |
100 |
||
|
Sandvik Mining and Construction Deutschland GmbH |
100 |
100 |
||
|
Sandvik Mining and Construction Central Europe GmbH |
100 |
100 |
||
|
Sandvik Mining and Construction Crushing Technology GmbH |
100 |
– |
||
|
Seco Tools GmbH |
100 |
100 |
||
|
Sandvik Holding GmbH |
100 |
100 |
||
|
CGTech Deutschland GmbH |
100 |
100 |
||
Ghana |
Sandvik Mining & Construction Ghana Limited |
100 |
100 |
||
Hong Kong |
Sandvik Hongkong Ltd BA SMC |
100 |
100 |
||
|
DWFritz Hong Kong Limited |
– |
100 |
||
Hungary |
Walter Hungaria Kft |
100 |
100 |
||
|
Seco Tools Kft |
100 |
100 |
||
|
Pramet Kft |
100 |
100 |
||
India |
Sandvik Asia Private Limited |
100 |
100 |
||
|
Walter Tools India Private Limited |
100 |
100 |
||
|
DSI Underground India Pvt. Ltd. |
– |
100 |
||
|
Cimatron Technologies Pvt. Ltd. |
– |
100 |
||
|
SigmaTEK Systems India Private Limited |
– |
100 |
||
|
Vaal Triangle Systems Private Limited |
– |
100 |
||
|
Seco Tools India Private Limited |
100 |
100 |
||
|
Dormer Tools India Private Limited |
100 |
100 |
||
|
Sandvik Materials Technology India Private Limited |
25 |
100 |
||
|
Sandvik Mining and Rock Technology India Private Limited |
100 |
100 |
||
|
CGTech India Software Solutions Private Limited |
100 |
100 |
||
Indonesia |
Pt. DSI Indonesia |
– |
100 |
||
|
Pt. DSI Underground |
– |
100 |
||
|
PT Sandvik Indonesia |
100 |
100 |
||
|
PT Sandvik Mining and Construction Indonesia |
100 |
100 |
||
|
PT Seco Tools Indonesia |
100 |
100 |
||
|
PT Sandvik SMC |
100 |
100 |
||
Ireland |
Diamond Innovations International Sales |
100 |
100 |
||
Israel |
Cimatron Limited |
– |
100 |
||
Italy |
Sandvik Italia S.p.A. |
100 |
100 |
||
|
Cimatron Technologies srl (Italy) |
– |
100 |
||
|
SigmaTEK Srl (Italy) |
– |
100 |
||
|
SSC Holding Italia S.R.L |
100 |
100 |
||
|
Walter Italia S.R.L |
100 |
100 |
||
|
Metrologic Group Italia S.R.L. |
100 |
100 |
||
|
Seco Tools Italia S.p.A SU |
100 |
100 |
||
|
Sandvik Materials Technology Italia S.R.L. |
100 |
100 |
||
|
Polyflex S.R.L. |
– |
100 |
||
|
CGTech s.r.l. |
100 |
100 |
||
Japan |
Sandvik Materials Technology K.K. |
100 |
100 |
||
|
SigmaTEK Japan LTD. |
– |
100 |
||
|
Sandvik K.K. |
100 |
100 |
||
|
Walter Japan K.K. |
100 |
100 |
||
|
Seco Tools Japan K.K. |
100 |
100 |
||
|
Sandvik Tooling Supply Japan K.K. |
100 |
100 |
||
|
Kabushiki Kaisha CGTech |
100 |
100 |
||
Kazakhstan |
Sandvik Mining and Construction Kazakhstan Ltd. |
100 |
100 |
||
Korea |
Walter Korea Ltd. |
100 |
100 |
||
|
Sandvik Materials Technology Korea Co., Ltd. |
100 |
100 |
||
|
Seco Tools Korea Ltd. |
100 |
100 |
||
|
Sandvik SuhJun Ltd. |
100 |
100 |
||
|
CGTech Co., Ltd. |
100 |
100 |
||
Luxembourg |
Jupiter LuxCo 2 S.à r.l. |
– |
100 |
||
|
DSI Underground IP Holding Luxembourg S.à r.l. |
– |
100 |
||
|
DSI Underground SMART S.à r.l. |
– |
100 |
||
|
Rocbolt Technologies Holdings Mongolia S.à r.l. |
– |
50 |
||
Malaysia |
Sandvik Malaysia Sdn Bhd |
100 |
100 |
||
|
Seco Tools Sdn Bhd |
100 |
100 |
||
|
Walter Malaysia Sdn Bhd |
100 |
100 |
||
|
Sandvik Mining And Construction (M) Sdn Bhd |
100 |
100 |
||
Mauritius |
Rocbolt of Mauritius Ltd |
– |
50 |
||
Mexico |
NTX Mining Services S de RL de C.V. |
100 |
100 |
||
|
Sandvik SA de C.V. |
100 |
100 |
||
|
Sandvik Hard Materials de Mexico S.A. de C.V. |
100 |
100 |
||
|
Sandvik Materials Technology Mexico S.A. de C.V. |
100 |
100 |
||
|
Walter Tools S.A. de C.V. |
100 |
100 |
||
|
SigmaTEK Systems Mexico S. de R.L. |
– |
100 |
||
|
Sandvik de Mexicana S.A. |
100 |
100 |
||
|
Terelion de Mexico S.A. de C.V. |
100 |
100 |
||
|
DSI Underground Mexico S.A. de C.V. |
– |
100 |
||
|
Mansour Mining Technolog De Mexico S.A DE C.V. |
– |
100 |
||
|
Mansour Mining Technolog De Mexico Servicios S.A. de C.V. |
– |
100 |
||
|
Valenite de Mexico |
100 |
100 |
||
|
Seco Tools de Mexico S.A. de C.V. |
100 |
100 |
||
|
Sandvik Mining and Construction de Mexico S.A. de C.V. |
100 |
100 |
||
Mongolia |
Rocbolt Technologies Mongolia LLC |
– |
100 |
||
Morocco |
Seco Tools S.A. |
100 |
100 |
||
Mozambique |
Sandvik Mining & Construction Mozambique Lda |
100 |
100 |
||
Namibia |
Sandvik Namibia (Pty) Ltd. |
100 |
100 |
||
Netherlands |
Sandvik Benelux B.V. |
100 |
100 |
||
|
Sandvik DC Venlo B.V. |
100 |
100 |
||
|
Jabro Tools B.V. |
100 |
100 |
||
|
Sandvik Mining and Construction B.V. |
100 |
100 |
||
Nigeria |
Sandvik Mining & Construction Nigeria Limited |
100 |
100 |
||
Norway |
Sandvik Teeness AS |
100 |
100 |
||
|
Seco Tools AS |
100 |
100 |
||
|
Sandvik Materials Technology Norway AS |
– |
100 |
||
|
Sandvik Norge AS |
100 |
100 |
||
Papua New Guinea |
Sandvik Mining and Construction PNG Limited |
100 |
100 |
||
Peru |
Sandvik del Peru S.A. |
100 |
100 |
||
|
Newtrax Peru Sociedad Anonima Cerrada |
100 |
100 |
||
|
Sandvik Forestal S.A. |
100 |
100 |
||
|
DSI Underground Peru S.A.C. |
– |
100 |
||
Philippines |
Sandvik Philippines Inc. |
100 |
100 |
||
|
Sandvik Tamrock Philippines Inc. |
100 |
100 |
||
Poland |
Sandvik Polska Sp. z.o.o. |
100 |
100 |
||
|
DSI Schaum-Chemie Sp. z.o.o. |
– |
100 |
||
|
DSI Underground Merol Sp. z.o.o. |
– |
100 |
||
|
DSI Underground Poland Sp. z.o.o. |
– |
100 |
||
|
DSI Underground Chemicals sp. z o.o. |
– |
100 |
||
|
Walter Polska SP. z.o.o. |
100 |
100 |
||
|
Seco Tools Sp z.o.o. |
100 |
100 |
||
|
Pramet Sp. z.o.o. |
100 |
100 |
||
|
Fabryka Narzedzi FANAR S.A |
– |
100 |
||
Portugal |
Seco Tools Portugal Lda. |
100 |
100 |
||
Romania |
Sandvik SRL |
100 |
100 |
||
|
Walter Tools SRL |
100 |
100 |
||
|
Seco Tools Romania SRL |
100 |
100 |
||
Russia |
DSI Techno LLC |
– |
100 |
||
|
Newtrax Rus LLC |
100 |
100 |
||
|
DSI Techno LLC |
– |
100 |
||
|
LLC Walter |
100 |
100 |
||
|
Sandvik MKTC OAO |
100 |
– |
||
|
LLC Sandvik |
100 |
100 |
||
|
LLC Pramet |
100 |
100 |
||
|
LLC Seco Tools |
100 |
100 |
||
|
Sandvik Mining and Construction CIS LLC |
100 |
100 |
||
Serbia |
Seco Tools SRB d.o.o. |
100 |
100 |
||
|
Sandvik Mining & Rock Technology LLC Belgrade |
100 |
100 |
||
Singapore |
Walter AG Singapore Pte Ltd. |
100 |
100 |
||
|
Sandvik South East Asia Ptd Ltd. |
100 |
100 |
||
|
Seco Tools (SEA) Pte Ltd. |
100 |
100 |
||
|
Sandvik Materials Technology Singapore Pte. Ltd. |
100 |
100 |
||
|
Sandvik Mining and Construction S.E. Asia Pte Ltd. |
100 |
100 |
||
Slovakia |
PRAMET Slovakia spol s.r.o. |
100 |
100 |
||
|
Walter Slovakia s.r.o. |
100 |
100 |
||
|
Seco Tools SK, s.r.o. |
100 |
100 |
||
Slovenia |
Walter Tools, d.o.o. |
100 |
100 |
||
|
Seco Tools SI d.o.o. |
100 |
100 |
||
South Africa |
Sandvik (Pty) Ltd. |
100 |
100 |
||
|
Newtrax Pty. Ltd. |
100 |
100 |
||
|
Sandvik Financial Services (Pty) Ltd. |
100 |
100 |
||
|
Seco Tools South Africa (Pty) Ltd. |
100 |
100 |
||
|
Sandvik Rock Processing Solutions International (PTY) LTD. |
– |
100 |
||
|
Kwatani Global (Pty) Ltd. |
– |
100 |
||
|
Kwatani Holding Pty Ltd. |
– |
100 |
||
|
Kwatani (Pty) Ltd. |
– |
100 |
||
|
Mine & Quarry Supplies (Pty) Ltd. |
– |
100 |
||
|
Sandvik Mining RSA (Pty) Ltd. |
75 |
75 |
||
|
Sandvik Mining & Construction Delmas (Pty) Ltd. |
100 |
100 |
||
|
Sandvik SRP RSA (PTY) LTD. |
– |
75 |
||
|
Rocbolt Technologies Holdings Pty. Ltd. |
– |
50 |
||
|
Rocbolt Technologies Africa Pty Ltd. |
– |
100 |
||
|
RB Technology Holdings (Pty) Ltd. |
– |
65 |
||
|
Rocbolt Technologies Pty. Ltd. |
– |
75 |
||
Spain |
Sandvik Espanola |
100 |
100 |
||
|
DSI Underground Spain SAU |
– |
100 |
||
|
Sandvik Materials Technology Spain S.L. |
100 |
100 |
||
|
Walter Tools Iberica S.A.U. |
100 |
100 |
||
|
Metrologic Group Spain S.L. |
100 |
100 |
||
|
Seco Tools Espana S.A. |
100 |
100 |
||
Switzerland |
Sandvik Holding AG |
100 |
100 |
||
|
Sandvik AG |
100 |
100 |
||
|
Sandvik Materials Technology Santrade AG |
100 |
100 |
||
|
Filinvest AG |
– |
100 |
||
|
Accuratech AG |
– |
100 |
||
|
Galvarex AG |
– |
100 |
||
|
Polyfil AG |
– |
100 |
||
|
Walter (Schweiz) AG |
100 |
100 |
||
|
Santrade Ltd |
100 |
100 |
||
|
Seco Tools AG |
100 |
100 |
||
Taiwan |
Sandvik Taiwan Ltd. |
100 |
100 |
||
|
Seco Tools (S.E.A.) Taiwan Branch |
100 |
100 |
||
|
Sandvik Materials Technology Taiwan Limited |
– |
100 |
||
Tanzania |
Sandvik Mining & Construction Tanzania Limited |
98 |
98 |
||
Thailand |
Sandvik Thailand Limited |
91 |
91 |
||
|
SigmaTEK (Thailand) Ltd. |
– |
100 |
||
|
Walter (Thailand) Co Ltd. |
100 |
100 |
||
|
Seco Tools (Thailand) Co Ltd. |
100 |
100 |
||
Turkey |
Walter Cutting Tools Industry and Trade LLC |
100 |
100 |
||
|
Seco Tools Kesici Takimlar Makina San.Tic.A.S. |
100 |
100 |
||
Ukraine |
LLC Seco Tools Ukraine |
100 |
100 |
||
|
Sandvik Ukraine |
100 |
100 |
||
United Kingdom |
Sandvik Holdings Ltd. |
100 |
100 |
||
|
Sandvik Materials Limited |
100 |
100 |
||
|
DSI Underground UK Ltd. |
– |
100 |
||
|
DSI Underground UK Holdings Ltd. |
– |
100 |
||
|
Edvirt UK Limited |
– |
100 |
||
|
Sandvik Ltd. |
100 |
100 |
||
|
SigmaTEK Europe Limited |
– |
100 |
||
|
SigmaTEK Business Systems Limited |
– |
100 |
||
|
Walter GB Ltd. |
100 |
100 |
||
|
Dormer Pramet Ltd. |
100 |
100 |
||
|
BTA Heller Drilling Systems Ltd. |
100 |
100 |
||
|
Inrock Ltd. (UK) |
100 |
100 |
||
|
Seco Tools (UK) Limited |
100 |
100 |
||
|
Extec Mobile Crushers and Screens Limited |
100 |
100 |
||
|
Tamrock Great Britain Holdings Ltd. |
100 |
100 |
||
|
Fintec Crushing and Screening Limited |
100 |
100 |
||
|
Sandvik Osprey Ltd. |
100 |
100 |
||
|
CGTech Ltd. |
100 |
100 |
||
|
Sandvik Services Limited |
100 |
100 |
||
|
Sandvik Materials Technology UK Ltd. |
– |
100 |
||
USA |
Sandvik Special Metals LLC |
100 |
100 |
||
|
PennPower Inc |
100 |
100 |
||
|
Sandvik, Inc. |
100 |
100 |
||
|
ST Acquisition Co. |
– |
100 |
||
|
Cambrio Acquisition, LLC |
– |
100 |
||
|
Cimatron Technologies, Inc. (Michigan) |
– |
100 |
||
|
Cimatron Gibbs LLC (California) |
– |
100 |
||
|
SigmaTEK Systems, LLC (Delaware) |
– |
100 |
||
|
ICAM Technologies Corp U.S.A. |
– |
100 |
||
|
Sandvik Financial Services LLC |
100 |
100 |
||
|
DWFritz Automation, Inc. |
– |
100 |
||
|
DWFritz International, Inc. |
– |
100 |
||
|
DWFritz Metrology, Inc. |
– |
100 |
||
|
Walter USA LLC |
100 |
100 |
||
|
TDM Systems Inc |
100 |
100 |
||
|
Dimensional Control Systems, Inc. |
– |
100 |
||
|
Sandvik Machining Solutions USA LLC |
100 |
100 |
||
|
Dura-Mill, Inc. |
100 |
100 |
||
|
Allied Construction LLC |
100 |
100 |
||
|
Advanced Theodolite Technology, Inc. |
100 |
100 |
||
|
Metrologic Group Services, Inc. |
100 |
100 |
||
|
MG USA Properties, Inc. |
100 |
100 |
||
|
Precorp Inc |
100 |
100 |
||
|
uFab LLC |
100 |
100 |
||
|
Dormer Pramet LLC |
100 |
100 |
||
|
Valenite LLC |
100 |
100 |
||
|
Sandvik Materials Technology LLC |
100 |
100 |
||
|
Wetmore Tool and Engineering Company |
100 |
100 |
||
|
Artisan Vehicle Systems, Inc. |
100 |
100 |
||
|
Carbide Tool Manufacturing LLC |
– |
100 |
||
|
Tamcorp Inc USA |
100 |
100 |
||
|
GWS Tool Intermediate Holdings LLC |
– |
100 |
||
|
Indexable Holdings LLC |
– |
100 |
||
|
GWS Tool LLC |
– |
100 |
||
|
CGI Tool LLC |
– |
100 |
||
|
Alliance CNC LLC |
– |
100 |
||
|
Benchmark Carbide LLC |
– |
100 |
||
|
NATC LLC |
– |
100 |
||
|
Intrepid Tool LLC |
– |
100 |
||
|
STF Precision LLC |
– |
100 |
||
|
Taurus Tool LLC |
– |
100 |
||
|
CJT Tool LLC |
– |
100 |
||
|
Monster Tool LLC |
– |
100 |
||
|
DSI Tunneling LLC |
– |
100 |
||
|
Thermaltek LLC |
100 |
100 |
||
|
Summerill High Precision LLC |
100 |
100 |
||
|
Inrock Drilling Systems, inc. |
100 |
100 |
||
|
Inrock Acquisitions, Inc. |
100 |
100 |
||
|
Pennsylvania Extruded Tube Co. (PEXCO) |
70 |
70 |
||
|
Diamond Tool Coating, LLC |
100 |
100 |
||
|
Niagara Cutter LLC |
100 |
100 |
||
|
Seco Tools, LLC |
100 |
100 |
||
|
Sandvik Wire and Heating Technology Corporation |
100 |
100 |
||
|
Sandvik Thermal Process Inc. |
100 |
100 |
||
|
Sandvik Mining and Construction USA LLC |
100 |
100 |
||
|
Custom Electric Manufacturing LLC |
100 |
– |
||
|
Melin Tool Company, Inc. |
100 |
100 |
||
|
CGTech |
100 |
100 |
||
Vietnam |
Sandvik Vietnam Company Ltd |
100 |
100 |
||
|
Seco Tools Vietnam Co Ltd |
100 |
100 |
||
Zambia |
Sandvik Mining & Construction Zambia Limited |
100 |
100 |
||
|
|||||
Accounting principles
Subsidiaries
Subsidiaries are entities over which the Parent Company has a controlling influence. Controlling influence exists if the Parent Company has the power over the investee, meaning the investor has existing rights that give it the ability to direct the relevant activities, is exposed to or has the rights to variable return from its involvement in the investee and can, through its influence, affect the return from the involvement in the investee. In assessing a controlling interest, de facto control, potential voting rights that are currently exercisable or convertible are taken into account.
The financial statements of subsidiaries are included in the consolidated financial statements from the date that the controlling influence commences until the date that control ceases.
For cases in which the subsidiary’s accounting policies do not coincide with the Group’s accounting policies, adjustments were made to comply with the Group’s accounting policies.
The consolidated financial statements are prepared in accordance with the purchase method. In business combinations, acquired assets and assumed liabilities are identified and classified, and measured at fair value on the date of acquisition (also known as a purchase price allocation).
Transaction costs in conjunction with acquisitions are directly in profit or loss for the year as other operating expenses.
Contingent considerations are recognized as financial liabilities and at fair value on the acquisition date. Contingent considerations are remeasured at each reporting period with any change recognized in profit or loss for the year.
In step acquisitions, when a controlling interest is achieved, any net assets acquired earlier in the acquired units are remeasured at fair value and the result of the remeasurement is recognized in profit or loss. If the controlling interest is lost upon divestment, net profit is recognized in profit or loss. Any residual holding in the divested business is then measured at fair value on the date of divestment and its effect is recognized in profit or loss for the year.
Shares in group companies and associated companies
The Parent Company recognizes shares in group companies and associated companies in accordance with the cost model, meaning that transaction costs are included in the carrying amount of holdings in subsidiaries and associated companies. Transaction costs related to shares in group companies are recognized directly in profit or loss in the consolidated financial statements when they arise. Contingent consideration is valued based on the probability that the consideration will be paid. Any changes in the provision/receivable are added to/deducted from the cost. Contingent consideration is measured at fair value in the consolidated financial statements with changes in value recognized in profit or loss. Dividends from subsidiaries are recognized in full as income in profit or loss for the year.