Adecoagro S.A. | CIK:0001499505 | 3

  • Filed: 4/27/2018
  • Entity registrant name: Adecoagro S.A. (CIK: 0001499505)
  • Generator: Workiva (WebFilings)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1499505/000162828018005268/0001628280-18-005268-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1499505/000162828018005268/agro-20171231.xml
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  • ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory

    Group companies

    The following table details the subsidiaries that comprised the Group as of December 31, 2017 and 2016:
     
     
     
     
     
     
    2017
     
    2016
     
    Activities
     
    Country of
    incorporation
    and operation
     
    Ownership
    percentage
    held if not
    100 %
     
    Ownership
    percentage
    held if not
    100 %
    Details of principal subsidiary undertakings:
     
     
     
     
     

     
     

    Operating companies (unless otherwise stated):
     
     
     
     
     

     
     

    Adeco Agropecuaria S.A.
    (a)
     
    Argentina
     

     

    Pilagá S.A.
    (a)
     
    Argentina
     
    99.94
    %
     
    99.94
    %
    Cavok S.A.
    (a)
     
    Argentina
     
    51
    %
     
    51
    %
    Establecimientos El Orden S.A.
    (a)
     
    Argentina
     
    51
    %
     
    51
    %
    Bañado del Salado S.A.
    (a)
     
    Argentina
     

     

    Agro Invest S.A.
    (a)
     
    Argentina
     
    51
    %
     
    51
    %
    Forsalta S.A.
    (a)
     
    Argentina
     
    51
    %
     
    51
    %
    Dinaluca S.A.
    (a)
     
    Argentina
     

     

    Simoneta S.A.
    (a)
     
    Argentina
     

     

    Compañía Agroforestal S.M.S.A.
    (a)
     
    Argentina
     

     

    Energía Agro S.A.U.
    (a)
     
    Argentina
     

     

    Adeco Agropecuaria Brasil Ltda.
    (b)
     
    Brazil
     

     

    Adecoagro Vale do Ivinhema Ltda.
    (b)
     
    Brazil
     

     

    Adecoagro Commodities Ltda.
    (b)
     
    Brazil
     

     

    Usina Monte Alegre Ltda.
    (b)
     
    Brazil
     

     

    Adecoagro Energia Ltda.
    (b)
     
    Brazil
     

     

    Kelizer S.A.
    (a)
     
    Uruguay
     

     

    Agroglobal S.A. (f.k.a. Adecoagro Uruguay S.A.)
    (a)
     
    Uruguay
     

     

    Holdings companies:
     
     
     
     
     

     
     

    Adeco Brasil Participações S.A.
     
    Brazil
     

     

    Adecoagro LP S.C.S.
    (d)
     
    Luxembourg
     

     

    Adecoagro GP S.a.r.l.
     
    Luxembourg
     

     

    Ladelux S.C.A.
     
    Uruguay
     

     

    Spain Holding Companies
    (c)
     
    Spain
     

     

     
    (a) Mainly crops, rice, cattle and others.
     
    (b) Mainly sugarcane, ethanol and energy.
     
    (c) Comprised by (1) wholly owned subsidiaries: Kadesh España S.L.U.; Leterton España S.L.U.; Global Asterion S.L.U.; Global Acasto S.L.U.; Global Laertes S.L.U.; Global Seward S.L.U.; Global Pindaro S.L.U.; Global Pileo S.L.U.; Peak Texas S.L.U.; Peak City S.L.U. and 51% controlled subsidiaries (see note 21): Global Acamante S.L.U.; Global Carelio S.L.U.; Global Calidon S.L.U.; Global Mirabilis S.L.U. Global Anceo S.L.U.Global Hisingen S.L.U.
     
    (d) The continuer from the merger between Adecoagro LP and International Farmland Holdings LP.
     
    The percentage voting right for each principal subsidiary is the same as the percentage of capital stock held. Issued share capital represents only ordinary shares/ quotas, units or their equivalent. There are no preference shares or units issued in any subsidiary undertaking.
     
    According to the laws of certain of the countries in which the Group operates, 5% of the profit of the year is separated to constitute legal reserves until they reach legal capped amounts (20% of total capital). These legal reserves are not available for dividend distribution and can only be released to absorb losses. The Group’s joint ventures have not reached the legal capped amounts.