27. Subsidiary shares

Group structure and goodwill

27. SUBSIDIARY SHARES
     
Subsidiary shares owned by the Parent company    
  Share % 31 Dec 2016
Book value
EUR million
Tieto Austria GmbH, Austria 100.0 0.8
Tieto Beijing Information Technology Services Co., Ltd., China 100.0 0.4
Tieto Canada Inc., Canada 100.0 0.1
Tieto China Co., Ltd., China 100.0 4.3
Tieto Czech s.r.o., Czech Republic 100.0 8.0
Tieto Czech Support Services s.r.o., Czech Republic 100.0 0.0
Tieto Denmark A/S, Denmark 100.0 5.3
Tieto DK A/S, Denmark 100.0 1.6
Tieto Estonia AS, Estonia 100.0 3.3
Tieto Finland Oy, Finland 100.0 134.5
Tieto Finland Support Services Oy, Finland 100.0 1.6
Tieto Germany GmbH, Germany 100.0 0.5
Tieto Global Oy, Finland 100.0 1.1
Tieto Great Britain Ltd, Great-Britain 100.0 0.5
Tieto Healthcare & Welfare Oy, Finland 100.0 2.6
Tieto India Pvt. Ltd., India 20.3 1.3
Tieto Latvia SIA, Latvia 100.0 10.3
Tieto Lietuva UAB, Lithuania 100.0 2.6
Tieto Netherlands Holding B.V., Netherlands 100.0 24.5
Tieto Norway AS, Norway 100.0 172.5
Tieto Poland Sp. z o.o, Poland 100.0 3.3
Tieto Sdn Bhd, Malaysia 100.0 0.2
Tieto Singapore Pte. Ltd., Singapore 100.0 0.3
Tieto Support Services Sp. z o.o., Poland 100.0 0.4
Tieto Sweden Professional Services AB, Sweden 100.0 549.3
TietoEnator Inc., USA 100.0 8.0
Dormant subsidiaries (5 in total)   0.0
    937.3
     
     
Shares in Group companies owned by subsidiaries    
  Share % 31 Dec 2016
Book value
EUR million
Canvisa Consulting AB, Sweden 100.0 0.6
Emric AB, Sweden 100.0 14.2
Emric d.o.o. Beograd, Serbia 100.0 0.0
Emric Finance Process Outsourcing AB, Sweden 100.0 0.4
Emric Operations AB, Sweden 100.0 0.4
Emric Partners AB, Sweden 100.0 37.5
PT Emric Asia, Indonesia 100.0 0.0
Softinn Software Services Pvt. Ltd., India 100.0 0.2
Tieto Estonia Services OÜ, Estonia 100.0 0.1
Tieto India Pvt. Ltd., India 79.7 11.6
Tieto Netherlands B.V., Netherlands 100.0 2.9
Tieto Rus OOO, Russia 100.0 2.3
Tieto Sweden AB, Sweden 100.0 250.6
Tieto Sweden Healthcare & Welfare AB, Sweden 100.0 4.4
Tieto Sweden Support Services AB, Sweden 100.0 0.0
Tieto U.S. Inc., USA 100.0 1.1
Dormant subsidiaries (1 in total)   0.0
    326.3
     
All subsidiary undertakings are included in the consolidation. In India the official reporting period is 1.4.–31.3. according to the Indian legislation.
     
Tieto Great Britain Ltd is exempt from the requirements of the Companies Act relating to the audit by virtue of section 479A of the Companies Act. The parent company Tieto Oyj has given a parent undertaking guarantee for all the outstanding liabilities of Tieto Great Britain Ltd at the end of the financial year 2016.
     
Significant restrictions:
Cash and short-term deposits held in China and India are subject to local exchange control regulations. These local exchange control regulations provide for restrictions on exporting capital from the country, other than through normal dividends.