Note 19 – Shares and participations in subsidiaries
The Hoist Finance Group with its most important subsidiaries and branches as at 31 December 2020.
Hoist Finance AB (publ), corporate identity number 556012-8489 and with its registered office in Stockholm, is the Parent Company of the Group. The list of Group subsidiaries is provided below.
Ownership percentage corresponds to share of voting power. All shares are unlisted. No registered credit market company. Information on the number of shares in Group companies is available upon request.
|SEK m||Corp. ID no.||Registered office||Ownership, %||Carrying value 31 Dec 2020|
|Hoist Finance Services AB 1)||5566409941||Stockholm||100||1|
|HECTOR SicherheitenVerwaltungs GmbH||HRB 74561||Duisburg||100||0|
|HOIST I NS FIZ 2)||RFI702||Warszawa||100||-|
|Hoist Kredit Ltd.||7646691||London||100||0|
|Hoist Finance UK Ltd.||8303007||Manchester||100||335|
|C L Finance Ltd. 1)||1108021||Manchester||100||-|
|Robinson Way Ltd.||6976081||Manchester||100||-|
|The Lewis Group Ltd. 1)||SC127043||Glasgow||100||-|
|Compello Holdings Ltd. 1)||8045571||Manchester||100||-|
|Compello Operations Ltd. 1)||8045559||Manchester||100||-|
|MKE (UK) Ltd. 1)||7042157||Manchester||100||-|
|MKDP LLP 1)||OC349372||Manchester||100||-|
|Marte SPV S.r.l.||4634710265||Conegliano||100||0|
|Hoist Italia S.r.l.||12898671008||Rom||100||22|
|Hoist Finance Cyprus Ltd.||HE 338570||Nicosia||100||0|
|Hoist Polska SpZ.O.O||536257||Wroclaw||100||147|
|Hoist Finance Spain S.L.||B87547659||Madrid||100||359|
|Optimus Portfolio Management S.L.||B86959285||Madrid||100||-|
|Hoist Hellas S.A||137777901000||Athens||100||11|
|Nais Uno Reoco S.r.l.||14564684007||Rom||100||1|
|Hoist III NS FIZ 2) 4)||292229||Warszawa||100||-|
|Immobilière de Lancereaux SAS||2018B20590||Paris||100||0|
|Hoist Finance UK Holdings 1 Ltd.||11473838||Manchester||100||-|
|Hoist Finance UK Holdings 2 Ltd.||11473850||Manchester||100||-|
|Hoist Finance UK Holdings 3 Ltd.||11473909||Manchester||100||-|
|Nuova Maran S.r.l.||14846811009||Rom||100||-|
|Hoist II NS FIZ 2)||RFi1617||Warszawa||100||-|
|Hoist Finance Romania S.r.l||41830400||Bucharest||100||6|
|Marathon SPV S.r.l||5048650260||Conegliano||100||-|
|Maran CSRO S.r.l 3)||35910220||Bucharest||100||-|
|Giove SPV S.r.l 3)||05089700263||Conegliano||100||-|
|Hoist Finance Austria Gmbh 3)||FN544345h||Mooslackengasse||100||0|
1) The company is being liquidated.
2) Polish Sec. fund.
3) Companies added during the year.
4) Changed name from GoDebt1 FIZ NFS.
|Accumulated acquisition value|
|Absorbed through merger||-43||–7|
|Acquired through merger||43||0|
|Acquired through merger||-116||-|
|Hedge fair value 1)||-97||39|
1) For additional information see Accounting principles section 22.8 ”Hedge accounting” and Note 16 ”Derivatives”.
Maran CSRO S.r.l
On 3 February 2020 the remaining 80 per cent of Maran CSRO S.r.l. was acquired. The acquisition was conducted by Nouva Maran S.r.l. and Hoist Italia S.r.l., with 99 per cent acquired by the former and 1 per cent by the latter. The operations are run in Romania with a head office in Bucharest. All assets and liabilities were acquired through the acquisition. The purchase price totalled SEK 6.6m. The acquired net assets totalled SEK 3.1m, of which amount liquid assets totalled SEK 0.4m. Maran CSRO S.r.l.’s pre-acquisition operating profit was SEK 0.3m. The acquisition gave rise to goodwill amounting to SEK 3.4m, attributable primarily to expertise obtained by the Group. Net assets are consolidated in the Hoist Finance Group as from February 2020.
|Other liabilites, Group companies||-0.4|
|Total net assets||3.1|
Nouva Maran S.r.l. merged with Hoist Italia S.r.l.
Nouva Maran S.r.l. CIN 14846811009, was merged with Hoist Italia S.r.l. CIN 12898671008, on 1 August 2020, after which Italian operations have been run through Hoist Italia S.r.l.
The merged company’s income statement and balance sheet:
|Total operating income||46|
|Profit before tax||-17|
|Cash and interest-bearing securities||7|
|Total liabilities and equity||85|
Other changes in the Group
Hoist Finance AB (publ) Poland
On 1 September 2020, newly formed Polish branch office Hoist Finance AB (publ) Poland acquired a share in the net assets of subsidiary Hoist Polska SpZ.O.O, CIN 0000536257. The acquired net assets totalled SEK 0.4 million, corresponding to the purchase price.
Hoist Finance AB (publ) Romania
On 1 September 2020 the newly formed Romanian branch office acquired most of the net assets in subsidiary Hoist Finance Romania S.r.l., CIN 41830400. The Romanian operations are run through branch office Hoist Finance AB (publ) Romania. The acquired net assets totalled SEK 4.4m, corresponding to the purchase price.
Hoist Finance UK Ltd.
On 1 November 2020 Hoist Finance UK Ltd., CIN 08303007, acquired most of the net assets in subsidiary Robinson Way Ltd., CIN 06976081. The acquired net assets totalled SEK 38m, corresponding to the purchase price.