G15 Shares in associates, joint ventures and financial assets
|
2024 |
2025 |
|---|---|---|
Accumulated share of equity |
|
|
At the beginning of the year |
459 |
134 |
Disposal |
–2 |
– |
Transfer to assets held for sale |
–122 |
9 |
Write-down |
–125 |
– |
Share of profits for the year |
–84 |
23 |
Less dividend received |
–10 |
–14 |
Translation differences during the year |
17 |
–31 |
Carrying amount at the end of year |
134 |
121 |
Additional information
Associates and joint ventures are recognized one month in arrears.
The dividends paid are included in the calculation of the proportion of equity.
|
|
2024 |
2025 |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Country |
Revenue |
Profit |
Assets |
Liabilities |
Equity |
Group’s share, % |
Revenue |
Profit |
Assets |
Liabilities |
Equity |
Group’s share, % |
||
Associates |
|
|
|
|
|
|
|
|
|
|
|
|
|
||
3C Metrologic |
Mexico |
11 |
2 |
13 |
6 |
7 |
40.0 |
13 |
2 |
13 |
5 |
8 |
40.0 |
||
AWV Informatik AG |
Switzerland |
16 |
2 |
9 |
0 |
8 |
26.0 |
8 |
–1 |
8 |
0 |
8 |
26.0 |
||
Beam IT Spa1) |
Italy |
154 |
–83 |
517 |
405 |
112 |
33.2 |
N/A |
N/A |
N/A |
N/A |
N/A |
33.2 |
||
Eimco Elecon |
India |
290 |
50 |
577 |
83 |
494 |
24.7 |
– |
– |
– |
– |
– |
0.0 |
||
Fagersta Seco AB |
Sweden |
– |
– |
3 |
2 |
1 |
50.0 |
– |
– |
3 |
2 |
1 |
50.0 |
||
Fagerstahälsan AB |
Sweden |
9 |
0 |
7 |
5 |
2 |
33.3 |
9 |
0 |
8 |
5 |
3 |
33.3 |
||
Joint ventures |
|
|
|
|
|
|
|
|
|
|
|
|
|
||
Rocbolt Resins Pty Ltd. |
Australia |
280 |
24 |
124 |
58 |
67 |
50.0 |
237 |
18 |
100 |
36 |
65 |
50.0 |
||
Shanghai Innovatools Co. Ltd. |
China |
– |
0 |
8 |
0 |
8 |
47.1 |
– |
– |
– |
– |
– |
0.0 |
||
Talleres Sema-Dur, SL |
Spain |
52 |
7 |
51 |
13 |
38 |
50.0 |
54 |
8 |
50 |
12 |
38 |
50.0 |
||
VWR Cutting Tools |
Romania |
2 |
–1 |
28 |
24 |
4 |
50.0 |
17 |
1 |
23 |
22 |
1 |
50.0 |
||
|
|||||||||||||||
|
2024 |
2025 |
|---|---|---|
Long-term receivables associated companies |
16 |
16 |
Financial investments |
500 |
584 |
Total |
516 |
600 |
|
2024 |
2025 |
||
|---|---|---|---|---|
|
Measured at fair value through OCI |
Measured at fair value through P&L |
Measured at fair value through OCI |
Measured at fair value through P&L |
At the beginning of the year |
569 |
293 |
120 |
380 |
Acquisition and capital injection |
23 |
– |
2 |
– |
Disposal |
– |
–28 |
– |
– |
Revaluation |
–14 |
115 |
73 |
16 |
Reclassification |
–482 |
–1 |
– |
– |
Translation differences during the year |
24 |
2 |
–7 |
– |
Carrying amount at the end of year |
120 |
380 |
188 |
396 |
§ Accounting principles
Associates and joint ventures
Associates and joint ventures are recognized in accordance with the equity method in the consolidated financial statements. The share that belongs to Sandvik of the associated company and joint venture’s income, adjusted for dissolution of acquired surplus or deficit values, is recognized as a separate item in the consolidated income statement.
Financial investments
The accounting principles of financial investments measured at fair value through OCI and through P&L are described in note G27.