NOTES NOTE 13. SHARES IN SUBSIDIARIES Book value Corporate identity number Registered office Number Holding %1)2007 2006 Crawford Group AB 556071-8149 Malmö 25,000 100 259 259 ABS Group AB 556003-4240 Malmö 600,000 100 1,096 1,096 Cardo Finance AB 556506-6130 Malmö 1,000 100 -- AB Cardocenter 556238-0047 Malmö 300,000 100 52 52 Cardo Shared Services AB 556021-8868 Malmö 1,000 100 -- Cardo Beteiligungs GmbH -Germany 1 100 222 222 Cardo Door Production GmbH -Germany 1 100 432 432 Normstahl GmbH -Germany 1 100 9 9 Megadoor Inc -USA 100 100 -- Lorentzen & Wettre USA Inc -USA 2,000 100 -4 Cardo USA Inc -USA 16,000 100 50 46 Various dormant companies2) ---100 2 2 Total 2,122 2,122 1) Share of equity and share of voting power. 2) A complete specification is appended to the financial statements that are sent to the Swedish Companies Registration Office. A copy of this specification can be obtained free of charge from Cardo AB, Box 486, SE-201 24 Malmö, Sweden. NOTE 14. PARTICIPATIONS IN ASSOCIATED COMPANIES Share of equity value in Group Book value 2) Registered office Number Holding %1)2007 2006 2007 2006 Saudi Crawford Doors Factory Ltd Saudi Arabia 800 40 7 8 1 1 Collea HR-service AB Sweden 225 25 ---- Total 7811 1) Share of equity and share of voting power. 2) Book value in parent company or subsidiary and value in Group if cost method is used. Earnings from participations in associated companies Transactions with associated companies Group 2007 2006 The Group makes both sales to and purchases from associated companies. All transactions are made on market terms. The following table gives a summary of these transactions. Share of earnings of associated companies after tax 1 2 Total 1 2 2007 2006 Sales to associated companies 28 22 Purchases from associated companies 22 26 Receivables from associated companies on December 31 12 5 Liabilities to associated companies on December 31 3 3 CARDO ANNUAL REPORT 2007 59
