Definitions for "Subsidiaries"
Companies in which Bekaert exercises control and generally has an interest of more than 50%.
A company in which between 50% and 100% of the shares are held by another company is deemed to be a subsidiary. It is normal practice to assume that the parent controls the subsidiary. It is important for accounting and analysis, because 100% of the revenue and profits down to the pre-tax level are ascribed to the parent company. The amount of profit due to the other shareholders is deducted at a line called minorities.