09 CONSOLIDATED ANNUAL ACCOUNTS
NOTE 11 CONTINUED Visma International Holding AS*
Registered office
Holding %**
Book value***
Budapest
100,00%
182 443 232
School Thing Limited
Dublin
100,00%
81 772 601
Visma Software Spa
Krakow
100,00%
15 653 486
Visma Lietuva UAB
Vilnius
100,00%
69 940 372
Cork
100,00%
5 929 732
Warszawa
100,00%
5 800 339
London
100,00%
16 402 612
Pärna
100,00%
86 578 752
KBOSS.hu KFT
Visma Labs Ltd Visma Collectors Spa z.o.o Mamut Software Ltd Merit Tarkvara AS Comenius Talent Management Ltd
Luton
100,00%
17 811 075
Madrid
100,00%
22 165 270
Santiago
100,00%
959 317
Buenos Aires
100,00%
32 559 101
Bogota
100,00%
1
Lima
99,90%
1 248 889
Mexico city
99,97%
Raet Iberia SL Raet Chile SpA Raet Argentinga SA Raet Columnbia SAS Raet Peru SAC Raet Mexico S. De R.L de C.V.
7 441 501
Total (NOK)
546 706 281
* Parent company in subgroup. ** For all Group companies, the holding is equal to the proportion of voting capital. *** Book value in the company accounts of the individual company in the Group. In the company accounts shares in subsidiaries are recognized according to the cost method. **** Emerald Bidco BV is the parent company of the Raet group where the main operating entiity is Raet BV with registered office in Amersfoort, the Netherlands. The Raet group is held 100 % by Emerald Bidco BV and the recorded book value is€287 436 720 Euro.
(NOK 1,000)
Sales to related parties
Purchases from related parties
Amounts owed by related parties
Amounts owed to related parties
Loans to related parties
Loans from related parties
24 253
4 045
2 349
20
0
0
0
0
0
0
0
0
Associates: SuperInvest AS - Group Key managment personnel of the group:
Reference is made to Note 16 for information about compensation of key management personnel of the group. Reference is made to the “Statement of changes in equity” note for information about group contribution to Archangel AS and Visma Group Holding AS. The ultimate parent Metatron AS is the ultimate parent entity of the group. Other than administrative services, there were no transactions between the Visma group and Metatron AS during the financial year. Terms and conditions of transactions with related parties The sales to and purchases from related parties are made at terms equivalent to those that prevail in arm’s length transactions. Outstanding balances at the year-end are unsecured, interest free and settlement occurs in cash. There have been no guarantees provided or received for any related party receivables or payables. For the year ended 31 December 2018, the Group has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates.
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