4.5.1Investment in Group Companies
The movements in the item Investment in Group companies are as follows:
2022 | 2021 | ||
|---|---|---|---|
Balance at 1 January | 2,582 | 2,567 | |
Loans issued to subsidiary | - | 7 | |
Investments net value | 2,582 | 2,574 | |
Result of Group companies | 479 | 429 | |
Capital contributions | - | 5 | |
Capital repayments | (159) | - | |
Dividends received | (121) | (373) | |
Other changes1 | 520 | (53) | |
Foreign currency variations | (2) | 0 | |
Movements | 717 | 8 | |
Balance at 31 December | 3,299 | 2,582 | |
Loans issued to subsidiary | - | 0 | |
Investments net value at 31 December | 3,299 | 2,582 |
- 1 Mainly relates to Cash flow hedges and transaction with non-controlling interests (please refer to note 4.2.4 'Company's Consolidated Statement of changes in equity).
An overview of the information on principal subsidiary undertakings required under articles 2: 379 of the Dutch Civil Code is given below. The subsidiaries of SBM Offshore N.V. are the following (all of which are 100% owned):
- SBM Offshore Holding B.V., Amsterdam, the Netherlands
- SBM Holding Inc. S.A., Marly, Switzerland
- SBM Holding Luxembourg S.à.r.l, Luxembourg, Luxembourg
- SBM Schiedam B.V., Rotterdam, the Netherlands
- SBM Holland B.V., Rotterdam, the Netherlands
- FPSO Capixaba Holding B.V., ’s-Gravenhage, the Netherlands