Group composition

2.2.8.1 33. List of main subsidiaries

Set out below is the list of main subsidiaries and joint venture of the Group:

List of main subsidiaries

Subsidiaries Registrated office Interest(1)
The Netherlands
ForFarmers Nederland B.V. Lochem 100%
FF Logistics B.V. Lochem 100%
PoultryPlus B.V. Lochem 100%
Reudink B.V. Lochem 100%
Stimulan B.V. Lochem 100%
ForFarmers Corporate Services B.V. Lochem 100%
Vleutensteijnvoeders B.V. Eindhoven 100%
Van Gorp Biologische Voeders B.V. Schalkwijk 100%
ForFarmers Poland B.V. Lochem 100%
 
Germany
ForFarmers GmbH Vechta-Langförden 100%
ForFarmers Langförden GmbH Vechta-Langförden 100%
ForFarmers BM GmbH Rapshagen 100%
ForFarmers Hamburg GmbH & Co. KG(2) Vechta-Langförden 100%
ForFarmers Thesing Mischfutter GmbH & Co. KG(2) Rees 60%
ForFarmers Beelitz GmbH Beelitz 100%
Pavo Pferdenahrung GmbH Goch 100%
 
Belgium
ForFarmers Belgium B.V.B.A. Ingelmunster 100%
Voeders Algoet N.V. Zulte 100%
 
Poland
Tasomix Sp. z o.o(4) Biskupice Ołoboczne 60%
Tasomix Pasze Sp. z o.o(4) Pionki 60%
 
United Kingdom
ForFarmers UK Holdings Ltd. Ipswich (Suffolk) 100%
ForFarmers UK Ltd. Ipswich (Suffolk) 100%
 
Joint venture
HaBeMa Futtermittel GmbH & Co. KG Produktions- und Umschlagsgesellschaft(3) Hamburg 50%
 
(1) Participating interests as per 31 December 2018
(2) The subsidiaries ForFarmers Hamburg GmbH & Co. KG and ForFarmers Thesing Mischfutter GmbH & Co. KG make use of the exemption under § 264b of the German Commercial Code
(3) Equity accounted investee, see Note 20
(4) Is consolidated for 100% because at any time the remaining 40% can be purchased at the specified conditions

2.2.8.2 34. Non-controlling interests

The following table summarises the information relating to each of the Group’s subsidiaries that have material non-controlling interests (NCIs), before any intra-group eliminations.

31 December 2018
  ForFarmers Thesing Mischfutter GmbH ForFarmers Thesing Mischfutter GmbH & Co KG Total
Percentage non-controlling interest 40% 40%  
In thousands of euro      
Non-current assets 174 2,723 2,897
Cash and cash equivalents 5 1,465 1,470
Other current assets 41 14,955 14,996
Current assets 46 16,420 16,466
Loans and borrowings - - -
Other non-current liabilities - -129 -129
Non-current liabilities - -129 -129
Loans and borrowings - - -
Other current liabilities -9 -6,313 -6,322
Current liabilities -9 -6,313 -6,322
 
Net assets 211 12,701 12,912
 
 
 
Carrying amount of NCI 84 5,082 5,166
 
Revenue - 70,119 70,119
 
Profit attributable to shareholders of the Company -2 1,601 1,599
OCI - - -
 
Total comprehensive income -2 1,601 1,599
 
Profit allocated to NCI -1 641 640
OCI allocated to NCI - - -

2018
In thousands of euro ForFarmers Thesing Mischfutter GmbH ForFarmers Thesing Mischfutter GmbH & Co KG Total
 
Cash flows from operating activities - -2,992 -2,992
Cash flows from investing activities - -230 -230
Cash flows from financing activities - -1,000 -1,000
 
Net increase (decrease) in cash and cash equivalents - -4,222 -4,222

The change in cash flows from operating activities compared to previous year is driven by changes in the working capital.

31 December 2017
  ForFarmers Thesing Mischfutter GmbH ForFarmers Thesing Mischfutter GmbH & Co KG Total
Percentage non-controlling interest 40% 40%  
In thousands of euro      
Non-current assets 172 3,247 3,419
Cash and cash equivalents 5 5,687 5,692
Other current assets 41 11,312 11,353
Current assets 46 16,999 17,045
Loans and borrowings - -4,296 -4,296
Other non-current liabilities - -134 -134
Non-current liabilities - -4,430 -4,430
Loans and borrowings - - -
Other current liabilities -5 -4,457 -4,462
Current liabilities -5 -4,457 -4,462
 
Net assets 213 11,359 11,572
 
 
 
Carrying amount of NCI 85 4,544 4,629
 
Revenue 17 66,773 66,790
 
Profit attributable to shareholders of the Company 15 1,857 1,872
OCI - - -
 
Total comprehensive income 15 1,857 1,872
 
Profit allocated to NCI 6 743 749
OCI allocated to NCI - - -
 

2017
In thousands of euro ForFarmers Thesing Mischfutter GmbH ForFarmers Thesing Mischfutter GmbH & Co KG Total
 
Cash flows from operating activities - 7,201 7,201
Cash flows from investing activities - -280 -280
Cash flows from financing activities - -2,500 -2,500
 
Net increase (decrease) in cash and cash equivalents - 4,421 4,421