61 JOTUN A/S SHARES HELD BY SUBSIDIARIES AND ASSOCIATED COMPANIES (SHARE CAPITAL AND FACE VALUE IN NOK THOUSAND) SHARE NO. OF FACE STAKE COMPANY CITY COUNTRY CURRENCY CAPITAL SHARES VALUE % Jotun Paints Co. L.L.C. Jotun Yemen Paints Ltd. Aden Yemen YER 562 207 20 000 123 686 22.00 Jotun Saudia Co. Ltd. Jotun Yemen Paints Ltd. Aden Yemen USD 562 207 20 000 95 575 17.00 Jotun U.A.E. Ltd. (LLC) Jotun Abu Dhabi Ltd. Abu Dhabi UAE AED 4 000 4 000 1 600 40.00 Jotun COSCO Marine Coatings (HK) Ltd. Jotun COSCO Marine Coatings (Qingdao) Co Qingdao China CNY 250 973 – 250 973 100.00 Jotun Powder Coatings U.A.E. Ltd. Jotun Powder Coat. Saudi Arabia Co. Ltd. Dammam Saudi Arabia SAR 28 600 85 800 11 440 40.00 Jotun Powder Coatings AS Jotun Powder Coatings U.A.E. Ltd. Dubai UAE AED 3 000 3 000 1 410 47.00 The voting interest corresponds to the share interest. For extended information regarding joint ventures and associated companies see Jotun Group’s note 2. 10 FINANCIAL INVESTMENTS ( SHARE CAPITAL AND VALUES IN NOK THOUSAND) BOOK SHARE NO. OF FACE VALUE STAKE COMPANY CITY COUNTRY CURRENCY CAPITAL SHARES VALUE NOK % Nor-Maali OY Lahti Finland EUR 8 10 000 3 8 180 33.44 Other companies – – – – – – 548 – Total 8 728 11 INVENTORIES (NOK THOUSAND) 31.12.2016 31.12.2015 Raw materials at cost 164 522 139 188 Finished goods at cost 254 824 247 806 Goods in transit 4 057 – Allowance for obsolescence –10 600 -8 300 Total 412 802 378 695 Inventories are valued at the lowest value of cost and net realiasable value. Cost of inventories are assigned by using weighted average cost formula.
Jotun Annual Report 2016
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