associated company


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Related to associated company: subsidiary company

associated company

or

related company

a JOINT-STOCK COMPANY in which another company, the HOLDING COMPANY, has a significant but not controlling shareholding (specifically 20% or more of the voting shares but not more than 50%). In such a situation the investing company can exert influence on the commercial and financial policy decisions of the associated company though in principle the associated company remains independent under its own management, producing its own annual accounts, and is not a SUBSIDIARY COMPANY of the holding company.

If the second company held 50% or more of the first company's shares then the first company's assets and profits would be consolidated with those of the second, and the two companies would be regarded as part of the same group of firms. Where the second company holds 20% or more of the first company's shares then it must note in its own accounts information about the profits, capital and reserves of the first company in which it is heavily invested. If the second company holds less than 20% of the first company's shares it may still exercise influence over that company though it is not obliged to disclose details of its shareholding. See CONSOLIDATED ACCOUNTS.

associated company

a JOINT STOCK COMPANY in which another company or group has a significant, but not controlling, shareholding (specifically 20% or more of the voting shares but not more than 50%). In such a situation the investing company can exert influence on the commercial and financial policy decisions of the associated company, though in principle the associated company remains independent under its own management, producing its own annual accounts, and is not a subsidiary of the HOLDING COMPANY.
References in periodicals archive ?
Yuho, another associated company of Toyobo, makes needlepunched, spunlaced and stitchbonded nonwovens with a capacity of 3000 tons per year.
Swedish-Finnish telecomms operator TeliaSonera AB said on Tuesday (12 June) that its associated company Telefos AB is to sell its holding in Eltel Networks to private equity group 3i.
Effective 30 June 2018, Fortum will consolidate Uniper as an associated company. The total acquisition cost including direct costs relating to the acquisition will be reported in the 'Participations in associated companies and joint ventures'.
Similarly, the EOGM will authorize the company to make investment of Rs 50 million in its associated company Sapphire Dairies Ltd.
The Finnish-Swedish telecommunications group TeliaSonera Group said on Wednesday (28 June) that its Finnish unit TeliaSonera Finland Oyj has agreed to acquire the remaining 50.4% of the share capital of its associated company Paamies-kauppiaat Oy for an undisclosed sum.
London and Associated Properties is engaged in property investment and development, as well as investment in joint ventures and an associated company, Bisichi Mining PLC (Bisichi).
Together with Mr Colin Callow, also disqualified for eight years, they were further disqualified for having breached their fiduciary duty to Callow by diverting income to an associated company and for having paid advance rent to the detriment of Callows creditors and to the benefit of an associated company.
Associated company EUKOR Car Carriers had solid volumes out of Korea.
Finnish-Swedish IT company TietoEnator Corporation said on Monday (9 May) that it was divesting the remaining shares, corresponding to 48%, in its Swedish associated company Dotcom Solutions AB to the Danish telecomms group TDC A/S.
Mohit Joshi, the Shadow Director of Puma Source UK Limited, has been banned from being a company director for 8 years for diverting Au84,444 to an associated company.The disqualification, from 28 October 2015, prevents Mr Joshi from directly or indirectly becoming involved in the promotion, formation or management of a company until 28 October 2023.
M2 EQUITYBITES-May 15, 2015-Balder's associated company Collector to list on Nasdaq Stockholm
22 March 2010 - Norwegian telecoms major Telenor ASA (OSL: TEL) cut last Friday its result for the fourth quarter of 2009 and for the full year due to lower-than-expected figures from Russian associated company OJSC VimpelCom (RTD: VIMP).

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