59 JOTUN A/S 8 LIST OF SUBSIDIARIES SHARES HELD DIRECTLY BY THE PARENT COMPANY ( SHARE CAPITAL AND VALUES IN NOK THOUSAND) BOOK SHARE NO. OF FACE VALUE STAKE COMPANY CITY COUNTRY CURRENCY CAPITAL SHARES VALUE NOK % Jotun Algerie S.A.R.L Algiers Algerie DZD 335 000 12 110 234 500 18 012 70.00 Jotun Australia Pty. Ltd. Melbourne Australia AUD 9 350 16 050 001 9 350 42 063 100.00 Jotun Bangladesh Ltd Dhaka Bangladesh BDT 225 655 999 900 225 632 20 948 99.99 Jotun Brasil Imp., Exp. & Ind De Tintas Ltda. Rio De Janeiro Brazil BRL 280 000 279 999 999 280 000 16 390 100.00 Jotun (Cambodia) LTD Phnom Penh Cambodia USD 200 1 000 200 1 166 100.00 Jotun Paints (HK) Ltd. Hong Kong China CNY 93 884 110 334 615 93 884 85 320 100.00 Jotun Cyprus Ltd. Limassol Cyprus USD 9 723 1 000 9 723 54 713 100.00 Jotun Danmark A/S Kolding Denmark DKK 3 300 45 3 300 2 698 100.00 El-Mohandes Jotun S.A.E. Cairo Egypt EGP 20 000 139 000 13 900 91 945 69.50 Jotun Powder Coatings LLL Cairo Egypt EGP 5 30 1 1 10.00 Jotun France S.A.S. Paris France EUR 320 16 000 320 2 108 100.00 Jotun (Deutschland) Gmbh Hamburg Germany EUR 614 1 200 512 12 090 83.33 Jotun Hellas Ltd. Glyfada Greece EUR 343 11 138 334 2 937 97.40 Jotun Insurance Cell St. Peterport Guernsey NOK 1 350 1 1 350 1 350 100.00 Jotun India Private Ltd. Mumbai India INR 4 227 790 184 515 002 4 076 435 488 263 96.42 P.T. Jotun Indonesia Jakarta Indonesia IDR 104 223 850 272 000 103 650 619 87 881 99.45 PT Jotun Powder Coatings Indonesia Jakarta Indonesia IDR 30 343 803 6 050 1 517 190 – 5.00 Jotun (Ireland) Ltd. Cork Ireland EUR 640 503 613 640 5 500 100.00 Jotun Italia S.p.A. Trieste Italy EUR 2 632 509 099 2 632 29 925 100.00 Jotun Kazakhstan LLP. Almaty Kazakhstan KZT 29 350 1 29 350 1 098 100.00 Jotun Kenya Limited Nairobi Kenya KES 176 000 41 800 167 200 16 185 95.00 Jotun Libya J.S.Co. Tripoli Libya LYD 7 184 65 000 5 747 27 854 80.00 Jotun (Malaysia) Sdn.Bhd. Kuala Lumpur Malaysia MYR 48 000 48 000 002 48 000 114 349 100.00 Jotun Paints (Malaysia) Sdn. Bhd. Kuala Lumpur Malaysia MYR 50 000 50 000 000 50 000 92 863 100.00 Jotun Maroc SARL /AU Casablanca Marocco MAD 33 000 330 000 33 000 26 563 100.00 Jotun Mexico, S.A. de C.V. Veracruz Mexico MXN 11 392 99 11 278 5 723 99.00 Jotun Myanmar Company Ltd. Yangon Myanmar MMK 5 035 589 299 611 5 035 086 38 256 99.99 Jotun Myanmar Services Company ltd. Yangon Myanmar MMK 1 302 500 100 000 1 289 475 8 770 99.00 Jotun B.V. Spijkenisse Netherlands EUR 1 316 29 001 1 316 49 175 100.00 Jotun Powder Coatings AS Sandefjord Norway NOK 87 000 87 000 87 000 109 320 100.00 Scanox AS Drammen Norway NOK 4 000 20 000 4 000 80 280 100.00 Jotun Paints Co. L.L.C. Muscat Oman OMR 250 15 500 155 45 146 62.00 Jotun Pakistan (Private) Ltd. Lahore Pakistan PKR 146 124 2 761 349 146 124 3 604 100.00 Jotun (Philippines) Inc Manila Philippines PHP 780 651 15 463 695 780 651 99 619 100.00 Jotun Polska Sp.zo.o. Gdynia Poland PLN 8 900 15 000 8 900 17 591 100.00 Jotun Romania SRL Voluntari City Romania RON 640 64 000 640 1 084 100.00 Jotun Paints OOO St.Petersburg Russia RUB 971 107 – 971 107 179 548 100.00 Jotun (Singapore) Pte. Ltd. Singapore Singapore SGD 6 000 6 000 000 6 000 28 040 100.00 Jotun Paints South Africa (Pty) Ltd. Cape Town South Africa ZAR 85 719 158 85 719 35 036 100.00 Jotun Iberica S.A. Barcelona Spain EUR 9 103 86 845 9 103 50 000 100.00 Jotun Sverige AB Gothenburg Sweden SEK 4 000 80 000 4 000 4 550 100.00 Jotun Thailand Ltd. Bangkok Thailand THB 93 000 92 997 93 000 132 809 100.00 Jotun Boya Sanayi ve Ticaret A.S. Istanbul Turkey TRY 8 130 30 000 000 8 130 108 387 100.00 Jotun Paints (Europe) Ltd Flixborough UK GBP 7 500 7 500 000 7 500 86 408 100.00 Jotun Paints Inc. New Orleans US USD 89 600 100 89 600 287 463 100.00 Jotun Paints Vietnam Co. Ltd. Ho Chi Minh City Vietnam VND 258 921 490 – 258 921 490 60 360 100.00 Total 2 673 391 The voting interest corresponds to the share interest. Jotun Brasil Imp. Exp. & Industria de Tintas Ltda. was written down with NOK 350 million in 2016. Jotun Paints South Africa (Pty) Ltd was written down with NOK 26 million in 2016.
Jotun Annual Report 2016
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