Note 16 Subsidiaries, associate companies and joint ventures Parent company Equity last year Result last year Subsidiaries Registered office Owner share (100 %) (100 %) SMFEA Kampala, Uganda 70,6 % 36 858 811 695 336 SMAGL Colombo, Sri Lanka 100 % 10 399 084 -231 605 Book value 31.12. 47 257 895 463 731 SIDI has a 9.8% share in SMFEA, while Cordaid owns19.6%.
Book value 15 119 211 18 965 384 34 084 595
Note 17 Loans to employees There are no loans to leading employees. 2010 Total employee loan 88 864 The issued loans are for 2 employees in Bangladesh. The loans are charged at 5% interest and shall be repaid over 4-5 years.
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STRØMME MICROFINANCE AS \\ ANNUAL REPORT 2010
STRØMME MICROFINANCE AS \\ ANNUAL REPORT 2010
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