11 Investments

Subsidiaries

31 Dec 2015 Consolidated shareholding, % Parent company shareholding, % Parent company shareholding, shares
Lemminkäinen Talo Oy, Helsinki 100.0 100.0 2,183,663
Lemminkäinen Infra Oy, Helsinki 100.0 100.0 1,338
Lemcon Networks Oy, Helsinki 100.0 100.0 392,000
UAB Lemcon Vilnius, Lithuania 100.0 100.0
UAB Lemminkainen Lietuva, Lithuania 99.9 99.9 3,747,989





Lemminkäinen International Oy, Helsinki 100.0

Lemminkäinen Russia Oy, Helsinki 100.0

Lemminkäinen Co., Ltd, China 100.0

Lemminkäinen Construction (India) Private Limited, India 100.0

Lemcon HR Oy, Helsinki 100.0

OOO Lemminkäinen Invest, Russia 100.0

Lemminkäinen Polska Sp.Z O.O, Poland 100.0

Lemminkäinen Ehitus As, Estonia 100.0

OOO Lemminkäinen Service, Russia 100.0

OOO Lemminkäinen Stroy, Russia 100.0

ZAO Lemminkäinen Rus, Russia 100.0





Lemcon Argentina S.R.L, Argentina 100.0

LEMCON Baumanagement GmbH, Germany 100.0

Lemcon Network Services Ltd, UK 100.0

Lemcon Venezuela C.A., Venezuela 100.0

Pasila Telecom Oy, Helsinki 100.0





Asfalt Remix AS, Norway 75.0

FD-Entreprise Aps, Denmark 100.0

Lemminkäinen A/S, Denmark 100.0

Lemminkäinen Industri AS, Norway 100.0

Lemminkäinen Eesti AS, Estonia 100.0

Lemminkäinen Norge AS, Norway 100.0

Lemminkäinen Sverige Ab, Sweden 100.0

Oü Järva Paas, Estonia 86.0

SIA Lemminkainen Latvija, Latvia 100.0

Landvetterkrossen AB, Sweden 100.0






All the company’s subsidiaries have been included in the consolidated financial statements. Non-controlling interests in the company’s subsidiaries have been recorded in relation to voting rights and ownership except for Norwegian Asfalt Remix AS. The company has an obligation to redeem the non-controlling interest of Asfalt Remix AS within an agreed period for which reason the share of the non-controlling interest has not been recognised in the statement of financial position. The obligation has been measured at fair value and recorded as a liability in the consolidated statement of financial position. The amount of the liability is not material.

Non-controlling interest in the consolidated statement of financial position totalled EUR 0.1 million (0.1) at the end of 2015, and it is not material to the company.

The company is not aware of any restrictions on its assets at the end of 2015.

Joint ventures

The Group’s joint ventures are not individually material.

31 Dec 2015
Consolidated shareholding, %
Genvej A/S, Denmark 50.0
Nordasfalt AS, Norway 50.0





EUR million
2015 2014
Shares in joint ventures 1 Jan 6.9 8.2
Translation difference -0.3 -0.5
Decreases -2.8 -0.6
Dividends received -0.6 -0.7
Share of the profit for the period 1.4 0.5
Shares in joint ventures 31 Dec 4.7 6.9





EUR million
1 Jan–31 Dec 2015 1 Jan–31 Dec 2014
Total of joint ventures that are not individually material (information presented in full)


Profit from continuing operations
1.4 0.5

Comprehensive income for the financial year
1.4 0.5





Associates

The Group’s associates are not individually material.

31 Dec 2015
Consolidated shareholding, %
Finavo Oy, Helsinki 47.5

EUR million
2015 2014
Shares in associates 1 Jan 0.0 0.6
Decreases 0.0 -0.6
Share of the profit for the period
0.0
Shares in associates 31 Dec 0.0 0.0

EUR million
1 Jan–31 Dec 2015 1 Jan–31 Dec 2014
Total of associates that are not individually material (information presented in full)


Profit from continuing operations

0.0

Comprehensive income for the financial year

0.0

Finavo Oy is a real estate rental operator. The company has given a EUR 12.4 million (14.4) loan guarantee for the real estate shares owned by Finavo Oy. Due to the loan guarantee the company’s liabilities in Finavo Oy exceed the amount recorded in the consolidated statement of financial position.

Other shares and holdings

The company has other shares and holdings, which are mainly real estate shares. The company’s other shares and holdings are recorded as non-current available-for-sale financial assets in the statement of financial position. Changes in other shares and holdings are presented in the note 20.