Detailed below are the subsidiaries whose financial statements have been included in these consolidated financial statements:
|
Main activity |
Place of |
% of direct and indirect equity interest as of | ||||||||||||||
| 12-31-2017 | 12-31-2016 | 12-31-2015 | ||||||||||||||
|
Subsidiaries: |
||||||||||||||||
|
Cofesur S.A. (1) |
Holding | Argentina | 100.00 | 97.64 | 97.64 | |||||||||||
|
Ferrosur Roca S.A. (2) |
Train cargo transportation | Argentina | 80.00 | 78.12 | 78.12 | |||||||||||
|
Recycomb S.A.U. |
Waste recycling | Argentina | 100.00 | 100.00 | 100.00 | |||||||||||
|
Yguazú Cementos S.A. (3) |
Manufacture and marketing of cement and construction materials | Paraguay | 51.00 | 51.00 | 35.00 | |||||||||||
| (1) | As of December 2016, Loma Negra C.I.A.S.A. had advance funds for the purchase of an additional equity interest of 2.36%. This acquisition needed to be authorized by the Argentine State. On March 6, 2017, the transaction aforementioned was finally approved. |
| (2) | Controlled directly by Cofesur S.A. |
| (3) | Company controlled due to the business combination under common control made on December 22, 2016 (note 16). As a result, the statement of financial position line items of Yguazú Cementos S.A. as of December 31, 2016 were included in the consolidated statement of financial position of the Company as of December 31, 2016; in the case of the consolidated statement of profit or loss and other comprehensive income, the equity in profit or loss of Yguazú Cementos S.A. is presented in the line “Share of profit (loss) of associates” in each of the years presented since the consolidation of results for the 10-day period from December 22, 2016 to December 31, 2016 was not material for the Company’s consolidated financial statements. |