72
JOTUN A/S
Below follows the specification of companies subject to write downs in 2017.
COMPANY COUNTRY WRITE DOWN
Jotun Bangladesh Ltd Bangladesh 34 000
Jotun Brasil Imp., Exp. E Ind De Tintas Ltda. Brazil 45 000
Jotun Maroc SARL D Associe Unique Marocco 13 000
Jotun Myanmar Company Limited Myanmar 8 770
Jotun Pakistan (Private) Limited Pakistan 3 604
Jotun Paints South Africa (Pty) Ltd. South Africa 53 000
Jotun Paints Inc. US 146 000
Total 303 374
SHARES HELD BY SUBSIDIARIES AND ASSOCIATED COMPANIES
(SHARE CAPITAL, FACE VALUE AND BOOK VALUE IN THOUSAND)
SHARE NO. OF FACE STAKE
COMPANY CITY COUNTRY CURRENCY CAPITAL SHARES VALUE %
Jotun Powder Coatings AS
Jotun Bulgaria EOOD Sofia Bulgaria EUR 3 – 3 100.00
Jotun CZECH a.s. Usti nad Labem Czech Republic CZK 128 000 12 800 128 000 100.00
Jotun Powder Coatings LLL Cairo Egypt EGP 5 270 5 90.00
Jotun India Private Ltd. Mumbai India INR 4 227 790 6 860 000 151 355 3.58
P.T. Jotun Indonesia Jakarta Indonesia IDR 134 567 653 215 260 57 917 918 43.04
Jotun Kenya Limited Nairobi Kenya KES 382 000 2 200 19 100 5.00
Jotun Powder Coatings
(Malaysia) Sdn. Bhd. Kuala Lumpur Malaysia MYR 1 950 1 950 003 1 950 100.00
Jotun Mexico, S.A. de C.V. Veracruz Mexico MXN 11 392 1 114 1.00
Jotun Powder Coatings
Pakistan (Pvt) Ltd Lahore Pakistan PKR 1 050 984 103 898 434 1 039 003 98.86
Jotun Iberica S.A.
Jotun Portugal Tintas S.A. Setubal Portugal EUR – – – 100.00
Jotun Paints (HK) Ltd
Jotun Coatings (Zhangjiagang)
Co. Ltd. Zhangjiagang China CNY 217 858 – 217 858 100.00
Jotun (Shanghai) Management
Co., Ltd. Shanghai China CNY 12 252 – 12 252 100.00
Jotun Coatings (Taiwan) Ltd
company Taipei Taiwan TWD 30 000 30 000 000 30 000 100.00
Jotun B.V.
Jotun (Deutschland) Gmbh Hamburg Germany EUR 614 1 200 102 16.67
Jotun Hellas Ltd. Glyfada Greece EUR 343 297 9 2.60
Jotun (Malaysia) Sdn.Bhd
Jotun Bangladesh Ltd Dhaka Bangladesh BDT 352 852 1 35 0.01
Jotun Myanmar Services
Company Limited Yangon Myanmar MMK 1 302 500 1 302 13 025 1.00
Jotun Myanmar Company Limited Yangon Myanmar MMK 8 796 026 720 880 0.01
Jotun Singapore Pte Ltd
P.T. Jotun Indonesia Jakarta Indonesia IDR 134 567 653 1 500 403 703 0.30