Annual / Quarterly Financial Statement • Feb 27, 2023
Annual / Quarterly Financial Statement
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Financial Statements for the year ended 31 December 2022 and Directors' Report, together with Independent Auditor's Report
Translation of a report originally issued in Spanish based on our work performed in accordance with the audit regulations in force in Spain and of financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Company in Spain (see Notes 2 and 14). In the event of a discrepancy, the Spanish-language version prevails.
Avda. Diagonal, 654 08034 Barcelona Espana
Tel: +34 932 80 40 40 www.deloitte.es
Translation of a report originally issued in Spanish based on our work performed in accordance with the audit regulations in force in Spain and of financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Company in Spain (see Notes 2 and 14). In the event of a discrepancy, the Spanish-language version prevails.
To the Shareholders of Applus Services, S.A.,
We have audited the financial statements of Applus Services, S.A. (the Company), which comprise the balance sheet as at 31 December 2022, and the statement of profit or loss, statement of changes in equity, statement of cash flows and notes to the financial statements for the year then ended.
In our opinion, the accompanying financial statements present fairly, in all material respects, the equity and financial position of the Company as at 31 December 2022, and its results and its cash flows for the year then ended in accordance with the regulatory financial reporting framework applicable to the Company (identified in Note 2.1 to the financial statements) and, in particular, with the accounting principles and rules contained therein.
We conducted our audit in accordance with the audit regulations in force in Spain. Our responsibilities under those regulations are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report.
We are independent of the Company in accordance with the ethical requirements, including those pertaining to independence, that are relevant to our audit of the financial statements in Spain pursuant to the audit regulations in force. In this regard, we have not provided any services other than those relating to the audit of financial statements and there have not been any situations or circumstances that, in accordance with the aforementioned audit regulations, might have affected the requisite independence in such a way as to compromise our independence.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.
The Company has direct and indirect ownership interests in the share capital of Group companies and associates that are not listed on regulated markets, and has granted loans thereto (see Notes 4.1, 5.1, 5.2 and 10.2), which at 31 December 2022 amounted to EUR 1,660 million and EUR 327 million, respectively.
The assessment of the recoverable amount of the ownership interests and loans requires the use of significant judgements and estimates by management, both when choosing the valuation method and discounting future cash flows and when considering the key operating assumptions used. As a result of the foregoing, as well as the significance of the investments and loans held, this matter was determined to be a key matter in our audit.
Our audit procedures consisted, among others, of the evaluation of the measurement of the recoverable amount of the aforementioned ownership interests and loans performed by Company management, verifying both the conformity with the applicable regulatory financial reporting framework of the valuation method used in relation to the investment held and the clerical accuracy of the calculations made. We evaluated the reasonableness of the cash flow projections and the discount rates applied by conducting a critical analysis of the key assumptions of the models used. In particular, we compared the revenue growth rates with the latest approved strategic plan and budgets and reviewed them for consistency with both historical information and the market situation. Also, we evaluated management's historical accuracy in the estimation process.
In addition, we evaluated the reasonableness of the discount rates applied, taking into consideration the cost of capital of comparable organisations, as well as perpetuity growth rates, among others.
| Description | Procedures applied in the audit |
|---|---|
| We involved internal business valuation experts to evaluate the reasonableness of the models and key assumptions used by the Company. |
|
| Lastly, we evaluated whether the disclosures included in Notes 4.1, 5.1, 5.2 and 10.2 to the accompanying financial statements in connection with this matter were in conformity with those required by the applicable regulatory framework. |
Notes 8.1 and 8.5 to the accompanying financial statements detail the deferred tax assets amounting to EUR 16.6 million that are recognised in the balance sheet at 2022 year-end, corresponding to tax losses, tax credits and temporary differences amounting to EUR 11.7 million, EUR 4.4 million and EUR 0.5 million, respectively. The Company is the head of the Spanish tax group described in Note 4.3.
In addition, as indicated in Note 8.6, the Company has unrecognised deferred tax assets corresponding to tax losses and tax credits.
Our audit procedures to address this matter included, among others, evaluating the methodology and assumptions used by the Company, as well as verifying the consistency thereof taking into account both historical information and the market situation and the applicable tax legislation, which was verified with the assistance of internal tax experts. We also reviewed the consistency of the models with the financial information used by Company management in performing the impairment test on ownership interests in, and loans to, Group companies, stressing those assumptions that have the greatest effect on determining the recoverable amount of the tax assets.
At the end of each reporting period, Company management assesses the recoverability of the tax assets recognised based on the earnings projections used to estimate future taxable profits in a timeframe of no more than ten years, taking into account current legislation and the most recently approved business plan. We identified this matter as key in our audit, since the assessment of the recoverability of these assets requires a significant level of judgement, largely in connection with the projections of business performance.
Also, we evaluated the historical accuracy of management in the process of preparing the earnings projections used to estimate taxable profits, comparing the actual figures for the year with the projections made in the preceding year.
Lastly, we evaluated whether the disclosures required by the applicable accounting regulations in connection with this matter had been included in Notes 4.3 and 8 to the accompanying financial statements.
The other information comprises only the directors' report for 2022, the preparation of which is the responsibility of the Company's directors and which does not form part of the financial statements.
Our audit opinion on the financial statements does not cover the directors' report. Our responsibility relating to the directors' report, in accordance with the audit regulations in force, consists of:
Based on the work performed, as described above, we observed that the information described in section a) above had been furnished as provided for in the applicable legislation and that the other information in the directors' report was consistent with that contained in the financial statements for 2022 and its content and presentation were in conformity with the applicable regulations.
The directors are responsible for preparing the accompanying financial statements so that they present fairly the Company's equity, financial position and results in accordance with the regulatory financial reporting framework applicable to the Company in Spain, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.
The audit committee is responsible for overseeing the process involved in the preparation and presentation of the financial statements.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the audit regulations in force in Spain will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is included in Appendix Ito this auditor's report. This description, which is on pages 8 and 9 of this document, forms part of our auditor's report.
We have examined the digital file in European Single Electronic Format (ESEF) of Applus Services, S.A. for 2022, which comprises an XHTML file including the financial statements for 2022, which will form part of the annual financial report.
The directors of Applus Services, S.A. are responsible for presenting the annual financial report for 2022 in accordance with the format requirements established in Commission Delegated Regulation (EU) 2019/815 of 17 December 2018 ("ESEF Regulation"). In this regard, the Annual Corporate Governance Report and the Annual Directors' Remuneration Report were included by reference in the directors' report.
Our responsibility is to examine the digital file prepared by the Company's directors, in accordance with the audit regulations in force in Spain. Those regulations require that we plan and perform our audit procedures in order to ascertain whether the content of the financial statements included in the aforementioned file corresponds in full to that of the financial statements that we have audited, and whether those financial statements were formatted, in all material respects, in accordance with the requirements established in the ESEF Regulation.
In our opinion, the digital file examined corresponds in full to the audited financial statements, and these are presented, in all material respects, in accordance with the requirements established in the ESEF Regulation.
The opinion expressed in this report is consistent with the content of our additional report to the Company's audit committee dated 23 February 2023.
The Annual General Meeting held on 28 June 2022 appointed us as auditors for a period of one year from the year ended 31 December 2021, i.e., for 2022.
Previously, we were designated pursuant to a resolution of the General Meeting for the period of one year and have been auditing the financial statements uninterruptedly since the year ended 31 December 2007 and, therefore, since the year ended 31 December 2014, the year in which the Company became a Public Interest Entity.
DELOITTE, S.L. Registered in ROAC under no. S0692
Ana Torrens Borras Registered in ROAC under no. 17762
23 February 2023
Further to the information contained in our auditor's report, in this Appendix we include our responsibilities in relation to the audit of the financial statements.
As part of an audit in accordance with the audit regulations in force in Spain, we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
We communicate with the entity's audit committee regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide the entity's audit committee with a statement that we have complied with relevant ethical requirements, including those regarding independence, and we have communicated with it to report on all matters that may reasonably be thought to jeopardise our independence, and where applicable, on the related safeguards.
From the matters communicated with the entity's audit committee, we determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters.
We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter.
Financial Statements for the year ended 31 December 2022 and Directors' Report, together with Independent Auditor's Report
Translation of financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Company (see Notes 2 and 14). This translation has been prepared by the Company for informative purposes only, has not been approved by the Board of Directors and has not the consideration of official or regulated information. In the event of a discrepancy, the Spanish-language version prevails.
This declaration is a translation for informative purposes only of the original document issued in Spanish, which has been signed for approval by every Board member. In the event of discrepancy, the Spanishlanguage version prevails.
The members of the Board of Directors of Applus Services, S.A. declare that, to the best of their knowledge, the individual financial statements of Applus Services, S.A. (comprising the statement of financial position, statement of profit or loss, the statement of changes in equity, the statement of cash flows and the explanatory notes) for the year ended at 31 December 2022, prepared in accordance with the accounting policies applicable and approved by the Board of Directors at its meeting on 23 February 2023, present fairly the equity, financial position and results of Applus Services, S.A., and that the management report accompanying such financial statements includes a fair analysis of the business' evolution, results and the financial position of Applus Services, S.A, as well as a description of the principal risks and uncertainties that the company faces. All the Directors have signed to certify the above mentioned.
Barcelona, 23 February 2023
Chairman Director
Mr. Christopher Cole Mr. Ernesto Gerardo Mata López
Mr. Joan Amigó i Casas Mr. Nicolás Villén Jiménez Director Director
Ms. Maria Cristina Henríquez de Luna Basagoiti Ms. Maria José Esteruelas Aguirre Director Director
Director Director
Ms. Essimari Kairisto Ms. Marie-Françoise Madeleine Damesin
Mr. Brendan Wynne Derek Connolly Director
(Thousands of Euros)
| AS SET S |
Not es |
31/ 12/2 022 |
31/ 12/2 021 |
EQ UIT Y A ND LIA BIL ITIE S |
Not es |
31/ 12/2 022 |
31/ 12/2 021 |
|---|---|---|---|---|---|---|---|
| NO N-C UR REN T A SSE TS: |
1,80 6,80 5 |
1,82 4,8 19 |
EQ UIT Y: |
1,19 3,06 0 |
1,25 5,48 6 |
||
| Gro Non t in tme nts in ies and iate -cu rren ves up com pan as soc s- |
1,79 0,19 7 |
1,80 4,4 32 |
SHA OL S' E QU REH DER ITY - |
1,19 3,06 0 |
1,25 5,48 6 |
||
| Equ ity i nstr nts ume |
5.1 & 5 .2 |
1,66 0,14 5 |
1,63 0,14 5 |
Sha api tal re c |
6.1 | 13,5 87 |
14,3 02 |
| Loa nies ns t o co mpa |
5.1 & 1 0.2 |
130 ,052 |
174 ,287 |
Sha ium re p rem |
6.2 | 449 ,391 |
449 ,391 |
| t fin Non ial i stm ent -cu rren anc nve s |
5 | - | Res erv es |
6.2 | 721 ,618 |
753 ,955 |
|
| Def d ta ts erre x a sse |
8.1 | 16,6 03 |
20, 387 |
Tre har asu ry s es |
6.3 | (14 ,117 ) |
(3,4 27) |
| Pro fit f or t he y ear |
22, 581 |
41, 265 |
|||||
| NO N-C UR REN T L IAB ILIT IES : |
628 ,646 |
583 ,344 |
|||||
| Non t pa yab les -cu rren |
7 | 526 ,083 |
459 ,878 |
||||
| Non t pa yab les to G ies and iate -cu rren rou p c om pan as soc s |
10.2 | 102 ,563 |
123 ,466 |
||||
| CU RR ENT AS SET S: |
234 ,824 |
146 ,240 |
CU RR ENT LIA BIL ITIE S: |
219 ,923 |
132 ,229 |
||
| Tra de and oth ivab les- er r ece |
11,5 10 |
8,6 19 |
Cur t pa yab les- ren |
23,2 72 |
36, 130 |
||
| Rec eiva ble from Gr ies and ocia tes oup com pan ass |
5.1 & 1 0.2 |
2,0 77 |
1,62 8 |
Ban k bo ings rrow |
7 | 23,2 72 |
36, 130 |
| Oth ivab les er r ece |
166 | 208 | Cur to G t pa yab les ies and iate ren rou p c om pan as soc s |
10.2 | 190 ,270 |
92, 822 |
|
| Cor ate inco tax ivab les por me rece |
8.1 | 9,26 7 |
6,78 3 |
Tra de and oth ble er p aya s- |
6,38 1 |
3,2 77 |
|
| Cur t in tme nts in Gro ies and iate ren ves up com pan as soc s- |
5.1 & 1 0.2 |
223 ,098 |
125 ,585 |
Oth unts able er a cco pay |
825 | 936 | |
| Sho rt-te loan s to Gr ies and ocia tes rm oup com pan ass |
197 ,098 |
125 ,585 |
Rem ratio yab le une n pa |
5,12 0 |
1,98 3 |
||
| Oth er f inan cial ets ass |
26, 000 |
- | Tax yab les pa |
8.1 | 436 | 358 | |
| Sho rt-te ls rm acc rua |
171 | 166 | |||||
| Cas h a nd h e qui val ent cas s |
5.3 | 45 | 11,8 70 |
||||
| TOT AL AS SET S |
2,04 1,62 9 |
1,97 1,05 9 |
TOT AL EQ UIT Y A ND LIA BIL ITIE S |
2,04 1,62 9 |
1,97 1,05 9 |
||
The accompanying Notes 1 to 14 and Appendices I and II are an integral part of the statement of financial position as at 31 December 2022
(Thousands of Euros)
| Notes | 2022 | 2021 | |
|---|---|---|---|
| CONTINUING OPERATIONS: | |||
| Revenue- | 9.1 & 10.1 | 36,436 | 53,724 |
| Services | 3,895 | 3,420 | |
| Dividend revenue | 26,000 | 42,192 | |
| Finance revenue to Group companies and associates | 6,541 | 8,112 | |
| Staff costs- | 9.2 | (6,467) | (3,438) |
| Wages, salaries and similar expenses | (6,195) | (3,177) | |
| Employee benefit costs | (272) | (261) | |
| Other operating expenses- | (3,382) | (2,810) | |
| Outside services | (3,232) | (2,599) | |
| Taxes other than income tax | (150) | (211) | |
| PROFIT FROM OPERATIONS | 26,587 | 47,476 | |
| Finance income- | 257 | 317 | |
| From marketable securities and other financial instruments of third parties | 257 | 317 | |
| Finance costs- | (17,943) | (18,547) | |
| On debts to Group companies and associates | 10.1 | (4,651) | (7,171) |
| On debts to third parties | 7 | (13,292) | (11,376) |
| Exchange differences | 11 | 2,187 | (937) |
| FINANCIAL RESULT | (15,499) | (19,167) | |
| PROFIT BEFORE TAX | 11,088 | 28,309 | |
| Corporate income tax | 8 | 11,493 | 12,956 |
| PROFIT FOR THE YEAR FROM CONTINUING OPERATIONS | 22,581 | 41,265 | |
| DISCONTINUED OPERATIONS: | |||
| Profit for the year from discontinued operations net of tax | - | - | |
| PROFIT FOR THE YEAR | 22,581 | 41,265 |
The accompanying Notes 1 to 14 and Appendices I and II are an integral part of the statement of profit or loss for 2022.
(Thousands of Euros)
| 2022 | 2021 | |
|---|---|---|
| PROFIT PER INCOME STATEMENT (I) | 22,581 | 41,265 |
| Income and expense recognised directly in equity: | ||
| Total income and expense recognised directly in equity (II) | - | - |
| Transfers to profit or loss: | ||
| Total transfers to profit or loss (III) | - | - |
| Total recognised income and expense (I+II+III) | 22,581 | 41,265 |
The accompanying Notes 1 to 14 and Appendices I and II are an integral part of the statement of recognized income and expense for 2022
| Sh ital are ca p |
Sh ium are pr em |
Re ser ves |
Tre har asu ry s es |
fit ( s) for Pro Los th e yea r |
To tal |
|
|---|---|---|---|---|---|---|
| 202 1 B EG INN ING BA LA NC E |
14, 302 |
449 391 , |
760 683 , |
( 2, 664 ) |
13, 956 |
1, 235 668 , |
| Tot al r ise d in nd eco gn com e a exp ens e |
- | - | - | - | 41, 265 |
41, 265 |
| Allo ion of 202 0 p rofi cat t |
- | - | ( 7, 497 ) |
- | ( 13, 956 ) |
( 21, 453 ) |
| - T tion ith har trea ran sac s w sur y s es |
- | - | 842 | ( 763 ) |
- | 79 |
| - O the tion r op era s |
- | - | ( 73) |
- | - | ( 73) |
| ING NC 202 1 E ND BA LA E |
14, 302 |
449 391 , |
753 955 , |
( ) 3, 427 |
41, 265 |
1, 255 486 , |
| Tot al r ise d in nd eco gn com e a exp ens e |
- | - | - | - | 22, 581 |
22, 581 |
| Sh ital red uct ion are ca p |
( 715 ) |
- | ( 52, 988 ) |
- | - | ( 53, 703 ) |
| Allo cat ion of 202 1 p rofi t ( *) |
- | - | 20, 944 |
- | ( 41, 265 ) |
( 20, 321 ) |
| - T tion ith trea har ran sac s w sur y s es |
- | - | ( 293 ) |
( 10, 690 ) |
- | ( 10, 983 ) |
| 202 2 E ND ING BA LA NC E |
13, 587 |
449 391 , |
721 618 , |
( 14, 117 ) |
22, 581 |
1, 193 060 , |
(*) The amount finally paid was EUR 20,321 thousand, corresponding to the number of outstanding shares entitled to receive a dividend on the date on which the payment occurs (excluding treasury stock)
The accompanying Notes 1 to 14 and Appendices I and II are an integral part of the statement of changes in total equity as at 31 December 2022.
STATEMENT OF CASH FLOWS FOR 2022
(Thousands of Euros)
| Notes | 2022 | 2021 | |
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES (I): | (19,525) | 35,065 | |
| Profit for the year before tax | 11,088 | 28,309 | |
| Adjustments for | |||
| Dividend revenue | 10.1 | (26,000) | (42,192) |
| Finance income | (6,798) | (8,429) | |
| Finance costs | 17,943 | 18,547 | |
| Exchange differences | (2,187) | 937 | |
| Changes in working capital | |||
| Trade and other receivables | 1,126 | 854 | |
| Trade and other payables | 3,100 | 1,612 | |
| Other current assets | 5 | 1 | |
| Other cash flows from operating activities | |||
| Dividends received | - | 43,525 | |
| Interest paid | (18,376) | (16,429) | |
| Interest received | 6,406 | 9,719 | |
| Corporate Income tax paid | (5,832) | (1,389) | |
| CASH FLOWS FROM INVESTING ACTIVITIES (II): | (9,979) | 35,829 | |
| Proceeds from disposal | |||
| Group companies and associates | 20,021 | 106,753 | |
| Payments due to investment | |||
| Group companies and associates | 5.2 | (30,000) | (70,924) |
| CASH FLOWS FROM FINANCING ACTIVITIES (III): | 16,854 | (85,079) | |
| Proceeds and payments relating to financial liability instruments | |||
| Proceeds from issue of bank borrowings | 142,762 | 157,251 | |
| Proceeds from issue of borrowings from Group companies and associates | 52,054 | 49,986 | |
| Repayment of bank borrowings | (92,855) | (189,564) | |
| Repayment and amortisation of borrowings with Group companies and associates | - | (79,198) | |
| Other payments | (64,786) | (2,101) | |
| Dividend payments and renumeration of other equity instruments- | |||
| - Dividends | 6.2 | (20,321) | (21,453) |
| EFFECT OF FOREIGN EXCHANGE RATE CHANGES (IV): | 825 | (1,442) | |
| NET INCREASE/DECREASE IN CASH AND CASH EQUIVALENTS (I+II+III+IV) | (11,825) | (15,627) | |
| Cash and cash equivalents at beginning of year | 11,870 | 27,497 | |
| Cash and cash equivalents at end of year | 45 | 11,870 |
The accompanying Notes 1 to 14 and Appendices I and II are an integral part of the statement of cash flows for 2022.
Financial Statements for the year ended 31 December 2022 and Directors' Report
Translation of financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Company (see Notes 2 and 14). This translation has been prepared by the Company for informative purposes only, has not been approved by the Board of Directors and has not the consideration of official or regulated information. In the event of a discrepancy, the Spanish-language version prevails.
Translation of financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Company (see Notes 2 and 14). This translation has been prepared by the Company for informative purposes only, has not been approved by the Board of Directors and has not the consideration of official or regulated information. In the event of a discrepancy, the Spanish-language version prevails.
Notes to the financial statements for the year ended 31 December 2022
Applus Services, S.A. (formerly Applus Technologies Holding, S.L., hereinafter "the Parent" or "the Company") has been since 29 November 2007 the Parent of the Applus Group ("the Applus Group" or "the Group"). The Company has its registered office in calle Campezo 1, edificio 3, Parque Empresarial Las Mercedes, in Madrid (Spain).
The Company purpose is as follows:
To carry out studies, works, measurements, tests, analyses and controls, in laboratories or in situ, and such other professional methods and actions considered necessary or advisable, in particular those related to manufacturing materials, equipment, products and installations, in the fields of mechanics, electricity, electronics and information technology, transport and communications, administrative organization and office automation, mining, food, environment, construction and civil works, performed during the stages of design, planning, manufacturing, construction and assembly and commissioning, maintenance and production for all types of companies and entities, both public and private, as well as before the Central State Administration, the Administrations of Autonomous Communities, Provinces and Municipalities, and all types of agencies, institutions and users, whether within the country or abroad.
The purchase, holding and administration, whether direct or indirect, of shares, corporate interests, quota shares and any other form of holding or interest in the capital and/or securities granting right to the obtaining of shares, corporate interests, quota shares or other holdings or interests in companies of any type, with or without legal personality, established in accordance with Spanish law or any other applicable legislation, in accordance with Article 108 of the Law 27/2014, of 27 November 2014, of the Corporate Income Tax Law, or by such legislation as may replace it, as well as the administration, management and guidance of such companies and entities, whether directly or indirectly, by means of the membership, attendance and holding of positions on any governing and management bodies of such companies or entities, carrying out the described advisory, management and guidance services making use of the corresponding organization of material and personnel means. An exception is made for those activities expressly reserved by law for Collective Investment Institutions, as well as for that expressly reserved by the Securities Market Act for investment service companies.
The activities may be carried out either directly by the Company or through the ownership of shares or equity interest in other companies with an identical or related purpose, including the carrying out of all its activities in an indirect manner, therefore acting solely as a holding company.
All activities for which the law establishes special requirements that cannot be carried out by the Company are excluded from the corporate purpose. Should legal provisions require a professional qualification, administrative authorization or registration with a public registry to be able to perform any of the activities included in the corporate purpose, such activities must be performed by persons who hold such professional qualifications, and such tasks shall not be able to commence until the administrative requirements have been met.
Since 9 May 2014 the shares of the Company have been listed on the stock exchange.
The subsidiaries and associates directly and indirectly owned by the Company included in the scope of consolidation are shown in Appendix I. The subsidiaries and associates directly or indirectly owned by the Company excluded from scope of consolidation either because they are dormant companies or because effective control over them is not exercised by the shareholders of the Applus Group are shown in Appendix II.
The Company is the head of a group of subsidiaries, the Applus Group, and is obliged under current legislation to prepare consolidated financial statements separately. The consolidated financial statements for 2021, which were prepared in accordance with International Financial Reporting Standards (IFRSs), were approved by the shareholders at the Annual General Meeting of Applus Services, S.A. on 28 June 2022, and were filed at the Madrid Mercantile Register.
These financial statements relate to the Company individually. The Company prepares consolidated financial statements in accordance with International Financial Reporting Standards (IFRSs) (see Note 4).
Applus looks after the sustainability of its business and feels accountable for acting against climate change and supporting the transition to a low-carbon emissions economy through the services it provides and the management of its processes. Thus, the continuous improvement of a safety, healthy and sustainable environment constitutes the centre of the Company's and its subsidiaries environmental policy, reinforcing its commitment. Although the activities of the Parent's Company and its subsidiaries do not have a significant environmental impact, the consumption of energy in its facilities and the consumption of fuel to provide the services on clients' site generate the main impact of its operations. The Parent's Company and its subsidiaries work to reduce the carbon footprint by means of specific programs related to energy efficiency and the use of renewables.
Climate change offers us opportunities which can result in different types of risk in our business. The Parent's Company and subsidiaries main objective is to mitigate such risks and identify any potential opportunities to maximise our value to society, through a responsible management of the business, incorporating the interests and expectations of the Parent's stakeholders.
The Parent's Company and subsidiaries worked in 2022, as in prior years, to assess qualitatively the risks and opportunities arising from climate change and is working to introduce the analysis of scenarios, following the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). According to that, the Parent's Company and subsidiaries identified the potential impact of the risks and the probability of their occurrence, considering the substantial impacts, based on the following key elements: Governance, Strategy, Risk management, Metrics and objectives, classifying the impact as low, medium and high and defined in three time horizons, short, medium and long term. Following the impact assessment, the probability of the risk occurring should be evaluated. Likewise, the Parent's Company and subsidiaries rolled out plans to make the best possible use of the opportunities that climate change may offer, which will more than compensate for any potential impacts, albeit limited, that may arise.
In 2022, the Parent's Company and subsidiaries have defined short-term environmental objectives aligned with the 1.5º scenario and validated by the Science Based Targets Initiative (SBTI), included in the variable remuneration scheme, and published a new Good Environmental Practices Guideline to minimize the environmental impact of its activities.
In view of the business activities carried on by the Parent's Company and subsidiaries, they do not have any environmental liability, expenses, assets, provisions or contingencies that might be material with respect to its equity, financial position or results. Therefore, no specific disclosures relating to environmental issues are included in these notes to the accompanying financial statements.
The Company considers that it complies with applicable environmental protection legislation and has procedures designed to ensure such compliance. In 2022 and 2021, the Company did not recognise any provisions to address potential environmental risks as it considered that there were no significant contingencies associated with potential lawsuits, compensation or other items. Lastly, the potential contingencies, compensation and other environmental risks that could be incurred by the Company are sufficiently covered by its third-party liability insurance policies.
The present financial statements for 2022 were authorised for issue by the Company's Directors at the Board of Directors Meeting held on 23 February 2023. The present financial statements were formally prepared in accordance with the regulatory financial reporting framework applicable to the Company, which consists of:
The accompanying financial statements, which were obtained from the Company's accounting records, are presented in accordance with the regulatory financial reporting framework applicable to the Company and, in particular, with the accounting principles and rules contained therein and, accordingly, present fairly the Company's equity, financial position, results of operations and cash flows for 2022. These financial statements, which were authorised for issue by the Company's Directors on 23 February 2023, will be submitted for approval by the shareholders at the Annual General Meeting. The Company's Directors consider that these financial statements will be approved without any changes.
The financial statements for 2021 were approved at the Annual General Meeting held on 28 June 2022.
In preparing these financial statements, the Company omitted any information or disclosures which, not requiring disclosure due to their qualitative importance, were considered not to be material in accordance with the concept of materiality defined in the conceptual framework of the 2007 Spanish National Chart of Accounts.
No non-obligatory accounting principles were applied. Also, the Directors formally prepared these financial statements taking into account all the obligatory accounting principles and standards with a significant effect hereon.
All obligatory accounting principles were applied.
The Company's Directors are responsible for the information included in these financial statements in accordance with the applicable regulatory financial reporting framework (see Note 2.1) and for the internal control measures that they consider necessary to ensure the financial statements do not have any material misstatement.
In preparing the accompanying financial statements, estimates were made based on historical experience and on other factors considered to be reasonable in view of the current circumstances; these estimates formed the basis for establishing the carrying amounts of certain assets, liabilities, income, expenses and obligations whose value is not readily determinable using other sources. The Company reviews its estimates on an ongoing basis.
The main assumptions regarding the future and other significant sources of uncertainty in the estimates at yearend that could have a significant effect on the financial statements in the coming year were as follows:
Although these estimates were made on the basis of the best information available as of 31 December 2022 on the events analysed, events that may take place in the future might make it necessary to change these estimates (upwards or downwards) in the coming years. Changes in accounting estimates would be applied prospectively.
The Directors and Management of the Company and the subsidiaries continue to constantly monitor the of the geopolitical and macroeconomic situation in the markets in which the Group operates and follows-up on the accomplishment of the three-year Strategic Plan announced in November 2021. In 2022, special attention has been paid to the possible effects derived from the COVID-19 or the war between Russia and Ukraine, and the geopolitical and financial risks in the markets in which the Group operates. Additionally, the Directors and Management of the Group have paid special attention to the technological risks, cyberattacks and also to the environmental and regulatory risks. No significant impact for the Group has been detected. The liquidity of the Group at 31 December 2022 amounts EUR 493 million. For all these reasons, the Company's Directors consider that the conclusion on the application of the going concern basis of accounting remains valid.
The accounting policies were applied on a consistent basis in 2022 and 2021 and, accordingly, no operations or transactions were accounted for following different accounting policies that might have given rise to discrepancies in the interpretation of the comparative figures in both years.
Certain items in the statement of financial position, statement of profit or loss, statement of changes in equity and statement of cash flows are grouped together to facilitate their understanding; however, whenever the amounts involved are material, the information is broken down in the related notes to the financial statements.
In preparing the accompanying financial statements no errors were detected that would have made it necessary to restate the amounts included in the financial statements for 2021.
The proposed allocation of the Company's net profit, formulated by the Board of Directors that will be presented at the next Company's Annual General Meeting of the Shareholders, for 2022 is as follows:
| Thousands of Euros | |
|---|---|
| Basis of allocation: | |
| Profit of the year | 22,581 |
| 22,581 | |
| Allocation: | |
| To dividends | 21,739 |
| To unrestricted reserves | 842 |
| Total | 22,581 |
The dividend of 21,739 thousand euros corresponds to the maximum amount to be paid, resulting from multiplying the amount per share proposed (0.16 euros) by the number of shares into which the Company's share capital is represented at closing date. The amount finally paid will depend on the number of shares outstanding (excluding treasury stock) that are entitled to receive it on the date on which the corresponding payment occurs.
As indicated in Note 2, the Company applied accounting policies in accordance with the accounting principles and rules included in the Spanish Commercial Code, implemented in the current Spanish National Chart of Accounts (2007 and Royal Decree 1/2021), and all other Spanish corporate law in force at the reporting date of these financial statements. In this connection, only those accounting policies that are specific to the Company's business activities and those considered significant on the basis of the nature of its activities are detailed below.
The financial assets held by the Company are classified in the following categories:
a) Financial assets at amortised cost: these include financial assets, including those admitted to trading on an organised market, for which the Company holds the investment in order to collect contractual cash flows, and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.
In general, this category includes:
Group companies are deemed to be those related to the Company as a result of a relationship of control and associates are companies over which the Company exercises significant influence. Jointly controlled entities include companies over which, by virtue of an agreement, the Company exercises joint control with one or more other ventures.
In general terms, financial assets are initially recognised at the fair value of the consideration given, plus any directly attributable transaction costs. However, transaction costs directly attributable to financial assets classified as at fair value through profit or loss are recognised in profit or loss.
Also, in the case of equity investments in Group companies affording control over the subsidiary, the fees paid to legal advisers and other professionals relating to the acquisition of the investment are recognised directly in profit or loss.
Financial assets at amortised cost are accounted for using this measurement rule, and the related accrued interest is recognised in profit or loss using the effective interest method.
Investments classified in category b) above are measured at cost net, where appropriate, of any accumulated impairment losses. These losses are calculated as the difference between the carrying amount of the investments and their recoverable amount. Recoverable amount is the higher of fair value less costs of disposal and the present value of the future cash flows from the investment. Unless there is better evidence of the recoverable amount of investments in equity instruments, it is based on the value of the equity of the investee, adjusted by the amount of the unrealised gains existing at the date of measurement, net of the related tax effect.
The Company has majority ownership interests in the share capital of certain companies. The financial statements do not reflect the increases or decreases in the value of the Company's ownership interests which would arise from the application of consolidation methods. It should also be noted that, in accordance with current legislation, the Company prepares consolidated financial statements separately under International Financial Reporting Standards ("EU-IFRS"). These consolidated financial statements have been authorised for issue by the Board of Directors on the meeting held on 23 February 2023.
The main aggregates in the consolidated financial statements for 2022 prepared, as stipulated in Final Rule 11 of Law 62/2003, of 30 December, in accordance with International Financial Reporting Standards approved by European Commission Regulations, are as follows:
| Thousands of Euros 2022 2021 |
||
|---|---|---|
| Total Assets | 2,432,604 | 2,306,485 |
| Equity attributable to the shareholders of the parent | 606,747 | 617,631 |
| Revenue of the consolidated operations | 2,049,943 | 1,776,746 |
| Net profit (loss) attributable to the parent | 48,600 | 32,242 |
The Company derecognises a financial asset when the rights to the cash flows from the financial asset expire or have been transferred and substantially all the risks and rewards of ownership of the financial asset have also been transferred.
However, the Company does not derecognise financial assets, and recognises a financial liability for an amount equal to the consideration received, in transfers of financial assets in which substantially all the risks and rewards of ownership are retained.
Financial liabilities assumed or incurred by the Company are classified as financial liabilities at amortised cost, which are the Company's loans and payables that have arisen from the purchase of goods or services in the normal course of the Company's business and also those which, not having commercial substance or being derivative financial instruments, arise from loans and credits received by the Company.
These liabilities are initially recognised at the fair value of the items received, adjusted by the directly attributable transaction costs. These liabilities are subsequently measured at amortised cost.
The Company derecognises financial liabilities when the obligations given cease to exist.
At 31 December 2022 the Company does not hold any financial derivative products.
At least once a year, the Company tests financial assets not measured at fair value through profit or loss for impairment. Objective evidence of impairment is considered to exist when the recoverable amount of the financial asset is lower than its carrying amount. When this occurs, the impairment loss is recognised in the statement of profit or loss.
Recoverable amount is the higher of fair value less costs to sell and value in use.
The Management updates annually its subsidiaries business plan which is prepared according to the Group estimates by sector and geography, considering the specific characteristics of each company regarding to its customers, projects and services. The main components of this plan are: projections on operating income and expense, investment and working capital. The Business Plan includes the 2023 budget approved by the Board of Directors of the Company together with the expectations integrated in Strategic Plan for 2022-2024 and for the following years.
The projections were prepared on the basis of past experience and of the best estimates available at the date on which the impairment tests were carried out.
In order to calculate the recoverable amount of each asset, the present value of its cash flows was determined using as a basis the business plan prepared by the Company Management. As a general rule, projections based on indefinite useful lives were used, applying a projected period of five years and a perpetual return from the sixth year onwards, except for the businesses with a finite useful life for which projections adjusted to the actual duration of the contract are used, considering in such cases the probability of renewal thereof. The cash flows generated by each asset were considered to grow to perpetuity at a rate equivalent to that of the growth of each industry in the territory in which it operates.
The main average discount rates after tax used in each of the Company's geographical areas were as follows:
| Country/Geographical Area | 2022 | 2021 |
|---|---|---|
| Spain | 8.7%-9.9% | 7.7%-9.3% |
| Rest of Europe | 7.7%-8.4% | 6.5%-7.6% |
| US and Canada | 8.3% | 6.6%-7.4% |
| Latin America | 11.7% | 11.3%-14.1% |
The Company's functional currency is the Euro. Therefore, transactions in currencies other than the Euro are deemed to be "foreign currency transactions" and are recognised by applying the exchange rates prevailing at the date of the transaction.
At the end of each reporting period, monetary assets and liabilities denominated in foreign currencies are translated by applying the exchanges rates prevailing at the closing date. Any resulting gains or losses are recognised directly in the statement of profit or loss in the year in which they arise.
Non-monetary assets and liabilities carried at fair value that are denominated in foreign currencies are translated at the exchange rates prevailing at the date when the fair value was determined. The resulting gains or losses are recognised in equity or in profit or loss by applying the same methods as those used to recognise changes in fair value, as indicated in Note 4.1 on Financial instruments.
Tax expense (tax income) comprises current tax expense (current tax income) and deferred tax expense (deferred tax income).
The current corporate income tax expense is the amount payable by the Company as a result of corporate income tax settlements for a given year. Tax credits and other tax payment benefits on the tax payable, excluding tax withholdings and pre-payments, and tax loss carry forwards from prior years effectively offset in the current year reduce the current corporate income tax expense.
The deferred tax expense or income relates to the recognition and derecognition of deferred tax assets and liabilities. These include temporary differences measured at the amount expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities and their tax bases, and tax loss and tax credit carry forwards. These amounts are recognised by applying to the temporary difference or tax asset that are expected to apply at the corporate tax rates in the period when the asset is realised or the liability is settled.
Deferred tax liabilities are recognised for all temporary differences except for:
a) Those arising from the initial recognition of goodwill or other assets and liabilities in a transaction that does not affect neither the tax profit nor the accounting profit and is not a business combination.
b) Those associated with investments in subsidiaries, branches and associates or interests in joint ventures, when the Company is able to control the timing of the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future.
Deferred tax assets are only recognised in the statement of financial position if it is considered probable that the Company will have sufficient future taxable profits against which they can be utilised.
The deferred tax assets recognised are reassessed at the end of each reporting period and the appropriate adjustments are made to the extent that there are doubts as to their future recoverability. Also, unrecognised deferred tax assets are reassessed at the end of each reporting period and are recognised to the extent that it has become probable that they will be recovered through future taxable profits.
The Company is the head of the Applus Group, which files consolidated tax returns as being the tax group number 238/08, and the tax base for the year is determined as if individual returns were being filed, net of such tax credits and tax relief as might be deductible under the consolidated tax regime. The Company manages the accounts receivable or payable that arise related to the group corporate income tax.
| Companies | ||||
|---|---|---|---|---|
| Applus Services, S.A. | Ringal Invest, S.L. | |||
| Applus Servicios Tecnológicos, S.L.U. | Applus Iteuve Technology, S.L.U. | |||
| IDIADA Automotive Technology, S.A. | Tunnel Safety Testing, S.A. | |||
| IDIADA Homologation Technical Service, S.L.U. | Inversiones Finisterre, S.L. | |||
| Applus Norcontrol, S.L.U. | Supervisión y Control, S.A.U. | |||
| Novotec Consultores, S.A.U. | Laboratorio de Ensayos Metrológicos, S.L. | |||
| Applus Iteuve Galicia, S.L.U. | ZYX Metrology, S.L. | |||
| LGAI Technological Center, S.A. | Applus Organismo de Control, S.L.U. | |||
| Iteuve Canarias, S.L. | Applus Energy, S.L. | |||
| Enertis Solar, S.L.U. | Applus Certificación IDI, S.L.U. |
The Spanish consolidated tax group is comprised by the following companies:
The Company is head of the tax group and files consolidated VAT returns as part of VAT group number 0036/11. The Company manages the accounts receivable and payable generated in this connection.
The Spanish VAT group is comprised by the following companies:
| Companies | |||
|---|---|---|---|
| Applus Services, S.A. | Applus Energy, S.L.U. | ||
| Applus Servicios Tecnológicos, S.L.U. | Ringal Invest, S.L.U. | ||
| LGAI Technological Center, S.A. | Applus Iteuve Technology, S.L.U. |
According to BOICAC's 79, question 2, due to the Company's holding activity, both the dividend revenue and the finance revenue of the loans from its subsidiaries are recorded under the heading "Revenue".
Revenue and expenses are recognised when the actual flow of the related goods or services occurs, regardless of when the resulting monetary or financial flow arises.
Revenue from the sale of goods and the rendering of services is measured at the monetary amount received or, where appropriate, at the fair value of the consideration received or receivable, which, in the absence of evidence to the contrary, will be the price agreed on, net of any discounts, taxes and interest included in the nominal amount of the receivables. The estimated amount of variable consideration will be included in the measurement of revenue only to the extent that it is highly probable that a significant reversal in the amount of cumulative revenue recognised will not occur.
Revenue is recognised when (or as) control of a promised good or service is transferred to a customer.
For the recognition of the Company's revenue, be it in the form of dividends, interest or revenue from services rendered to Group companies, there is a single performance that is satisfied at a point in time the price of which is determined in contracts with customers and, accordingly, revenue recognition is not complex and the revenue is recognised when the performance obligation is satisfied.
Interest revenue from financial assets is recognised using the effective interest method and dividend revenue is recognised when the shareholder's right to receive payment has been established. Interest and dividends from financial assets accrued after the date of acquisition are recognised as revenue in the profit or loss statement.
With respect to the dividends received, any distribution of unrestricted reserves shall be classified as a "distribution of profit" and, accordingly, shall give rise to the recognition of revenue in the shareholder's financial statements, provided that the investee or any Group company in which the latter holds an ownership interest has earned a profit exceeding the equity distributed from the acquisition date. The judgement as to whether a profit has been earned by the investee shall be based exclusively on the profits recognised in the separate statement of profit or loss from the acquisition date, unless there is no doubt that the distribution of the dividend out of the aforementioned profit for the year should be classified as a recovery of the investment from the perspective of the entity receiving the dividend.
Fees for attending general meetings and expenses incurred in holding such meetings are recognised when they are incurred under "Other Operating Expenses" in the accompanying statement of profit or loss since the amounts thereof are merely compensatory in nature.
When preparing the financial statements, the Company's Directors make a distinction between:
The financial statements include all the provisions with respect to which it is considered that it is more likely than not that the obligation will have to be settled. Contingent liabilities are not recognised in the financial statements, but rather are disclosed, unless the possibility of an outflow in settlement is considered to be remote.
Provisions are measured at the present value of the best possible estimate of the amount required to settle or transfer the obligation, taking into account the information available on the event and its consequences. Where discounting is used, adjustments made to provisions are recognised as financial cost on an accrual basis.
The compensation to be received from a third party on settlement of the obligation is recognised as an asset when there are no doubts that the reimbursement will take place.
Under current legislation, the Company is required to pay termination benefits to employees terminated under certain conditions. Therefore, termination benefits that can be reasonably quantified are recognised as an expense in the year in which the decision to terminate the employment relationship is taken and a valid expectation regarding termination is created on the part of third parties.
Environmental assets are deemed to be assets used on a lasting basis in the Company's operations whose main purpose is to minimise environmental impact and protect and improve the environment, including the reduction or elimination of future pollution.
Because of their nature, the Company's business activities do not have an environmental impact.
For the purposes of the presentation of the financial statements, group companies are considered to be those entities over which the Company directly and indirectly controls the financial and operating policies, exercises power over the relevant activities, maintains exposure, or rights, to variable returns from involvement with the investee; and the ability to use power over the investee to affect the amount of the investor's returns. This is generally because it holds more than 50% of the voting power.
Associates are companies over which the Company is in a position to exercise significant influence, but not control or joint control. Normally this capacity exists because the Company holds (directly or indirectly) between 20% and 50% of the voting power of the subsidiary.
For the purposes of the information in this section, related parties are considered to be:
The Company performs all its transactions with related parties on an arm's length basis. Also, the transfer prices are adequately supported and, therefore, the Company's Directors consider that there are no material risks in this connection that might give rise to significant liabilities in the future.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards incidental to ownership of the leased asset to the lessee. All other leases are classified as operating leases.
At 31 December 2022 and 2021, the Company did not have any finance leases.
Expenses resulting from operating leases are recognised in the statement of profit or loss in the year in which they are incurred.
The Company only holds certain vehicles under operating leases which do not have a significant impact.
Current assets are assets associated with the normal operating cycle, which in general is considered to be one year; other assets which are expected to mature, be disposed of or be realised within twelve months from the end of the reporting period; financial assets held for trading, except for financial derivatives that will be settled in a period exceeding one year; and cash and cash equivalents. Assets that do not meet these requirements are classified as non-current assets.
Similarly, current liabilities are liabilities associated with the normal operating cycle, financial liabilities held for trading, except for financial derivatives that will be settled in a period exceeding one year; and, in general, all obligations that will mature or be extinguished at short term. All other liabilities are classified as non-current liabilities.
The Company has established specific remuneration plans with its key employees:
Treasury shares acquired by the Company during the year are recognised at acquisition cost, reducing equity until they are sold. Gains and losses on the acquisition, sale, issue or retirement of treasury shares are recognised directly in equity and in no case are they recognised in profit or loss.
The carrying amount of "Non-Current Investments in Group Companies and Associates", "Current Investments in Group Companies and Associates" and "Receivable from Group companies and associates" was classified for measurement purposes in the following categories at the end of 2022 and 2021 (in thousands of euros):
| 31/12/2022 | 31/12/2021 | |||
|---|---|---|---|---|
| Categories | Long | Short | Long | Short |
| Financial assets at cost: | ||||
| Equity investments in Group companies, jointly controlled entities and associates |
1,660,145 | - | 1,630,145 | - |
| Financial assets at amortised cost: (Note 10.2) | ||||
| Credits (loans) to Group companies | 130,052 | 194,759 | 174,287 | 122,964 |
| Credits and receivables from Group companies | - | 2,077 | - | 1,628 |
| Short-term interest receivable from Group companies | - | 2,339 | - | 2,621 |
| Account receivable relating to dividends | - | 26,000 | - | - |
| Total financial assets | 1,790,197 | 225,175 | 1,804,432 | 127,213 |
The changes in 2022 and 2021 in "Non-current equity investments in Group companies and associates" were as follows (in thousands of euros):
| Categories | 01/01/2022 | Additions | Impairment loss |
31/12/2022 |
|---|---|---|---|---|
| Equity investments in Group companies and associates |
1,630,145 | 30,000 | - | 1,660,145 |
| Total | 1,630,145 | 30,000 | - | 1,660,145 |
| Categories | 01/01/2021 | Additions | Impairment loss |
31/12/2021 |
|---|---|---|---|---|
| Equity investments in Group companies and associates |
1,590,145 | 40,000 | - | 1,630,145 |
| Total | 1,590,145 | 40,000 | - | 1,630,145 |
In 2022, the Company increased its ownership in the subsidiary Applus Servicios Tecnológicos, S.L.U. by EUR 30,000 thousand through a sole shareholder contribution recognised in the investee's equity for that amount. This increase in the ownership interest in Applus Servicios Tecnológicos, S.L.U. was mainly performed to enable this Company to acquire K2 Ingeniería, S.A.S. group.
Additionally, in 2022, a merger by absorption between the companies Azul Holding 2, S.à.r.l. and Velosi S.a.r.l has been carried out. As a result of this operation, the Company is the shareholder company of Velosi S.a.r.l at the end of the financial year 2022. This merger has applied a local tax neutrality regime, similar to that provided by the Spanish Law 27 /2014, of November 27, on Corporate Income Tax ("LIS"), in the country of residence (Luxembourg) of the aforementioned non-resident companies. Likewise, the Company, as a partner of the non-resident entities participating in the merger, proceeded to notify to the Tax Administration the acceptance of this operation in Spain under the tax neutrality regime provided for in Chapter VII of Title VII of the LIS.
In 2021 the Company increased its ownership interest in the subsidiary Applus Servicios Tecnológicos, S.L.U. by EUR 40,000 thousand through a sole shareholder contribution recognised in the investee's equity for that amount. This increase in the ownership interest in Applus Servicios Tecnológicos, S.L.U. was mainly performed to enable the Group companies Applus Servicios Tecnológicos, S.L.U. and Applus Arabia L.L.C. to acquire Enertis Solar S.L.U. (Group) and SAFCO (Group).
The value of direct shareholdings at 31 December 2022 and 2021 are as follows (in thousands of euros):
| Subsidiary | 31/12/2022 | 31/12/2021 |
|---|---|---|
| Applus Servicios Tecnológicos, S.L.U. | 1,557,933 | 1,527,933 |
| Azul Holding 2 S.à.r.l. | - | 102,212 |
| Velosi S.a.r.l. | 102,212 | - |
| Total equity investments in group companies and associates | 1,660,145 | 1,630,145 |
The most significant information in relation to subsidiaries in which the Company had a direct ownership interest at 2022 and 2021 is as follows:
| Thousands of euros | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Name / Registered office |
% of ownership |
Share capital |
Profit (Loss) | Other equity | Carrying | ||||
| From operations |
Net | items | Total equity | amount | |||||
| Applus Servicios Tecnológicos, S.L.U. | 100% | 134,487 | (32,798) | (30,972) | 720,370 | 823,885 | 1,557,933 | ||
| Velosi S.a.r.l. | 100% | 26 | 1,268 | (498) | 52,519 | 52,048 | 102,212 | ||
| Total | 134,513 | (31,530) | (31,470) | 772,889 | 875,933 | 1,660,145 |
| Total | 134,500 | 25,830 | 39,739 | 779,645 | 953,884 | 1,630,145 | |||
|---|---|---|---|---|---|---|---|---|---|
| Azul Holding 2, S.à.r.l. | 100% | 13 | (65) | 14,167 | 89,092 | 103,272 | 102,212 | ||
| Applus Servicios Tecnológicos, S.L.U. | 100% | 134,487 | 25,895 | 25,572 | 690,553 | 850,612 | 1,527,933 | ||
| From operations |
Net | items | amount | ||||||
| Name / Registered office | % of ownership |
Share capital | Profit (Loss) | Other equity | Total equity | Carrying | |||
| 2021 - Thousands of euros |
The Company's Directors have reviewed the cash flows of the companies included in both subgroups, and determined that, based on the business plans of the Group in which the Company is the Parent, the value of the investment at 31 December 2022 will be recovered.
As indicated in Note 4.1, at year-end the Company tests the investments recognised to ascertain whether there are any indications of impairment and, as the case may be, the recoverable amount of the assets.
To this end, firstly, the recoverable amount of the investments was estimated on the basis of the equity of the related investees.
Where this method was used and it was disclosed that the carrying amount was higher, the recoverable amount of the investment was determined on the basis of the present value of the future cash flows generated by the investment, calculated using an estimate of the investor's share of the cash flows expected to be generated by the investee, or market value (price of recent similar transactions in the market) less the costs associated with the sale.
Where the investee engages mainly in the ownership of equity investments, its recoverable amount was calculated by aggregating the present value of the future cash flows from the investments in its subsidiaries.
The main steps carried out in order to determine the present value of the future cash flows arising from the investment were as follows:
As a result of the foregoing, in 2022 and 2021 it was not considered necessary to recognise impairment losses on any of the investments recognised under this heading.
The most significant assumptions used in determining the fair value of the investments in Group companies are detailed in Note 4.1.
In connection with the impairment tests on the investments in Group companies, the recoverable amount (determined on the basis of the fair value as stated above) obtained therefrom exceeds the carrying amount of the investments recognised and, therefore, if the assumptions used in the calculations changed significantly, there would be no indication of the existence of a significant impairment risk.
According to the sensitivity analysis performed, changes of +50 basis points in the discount rates, -50 basis points in the growth rates of the "g" terminal value and -500 basis points in the business growth rates would not lead to a significant impairment loss.
Thus, the recoverable amount obtained exceeds the carrying amount of the investments in Group companies, and the sensitivity analysis conducted on the projections shows clearly a high tolerance (above 20%) to changes in the key assumptions used.
The subsidiaries and associates directly and indirectly owned by the Company are shown in Appendix I. None of the subsidiaries are listed on the stock market.
The detail of the balances of "Cash and cash equivalents" at 31 December 2022 and 2021 is as follows (in thousands of euros):
| Categories | 31/12/2022 | 31/12/2021 | ||
|---|---|---|---|---|
| Cash recognised in current accounts | 45 | 11,870 | ||
| Total cash and cash equivalents | 45 | 11,870 |
At 31 December 2022 and 2021, no amount recognised under "Cash and cash equivalents" had been pledged.
At the end of 2022, the Company has short-term credit facilities which are partially drawn down. The amount drawn down amounts to EUR 4,067 thousand (2021: EUR 732 thousand) which are classified under "Current bank borrowings" in the accompanying statement of financial position (see Note 7).
The Company's financial risk management is centralised in the Corporate Financial Department of the Applus Group, which has established required mechanisms to control exposure to interest rate and exchange rate fluctuations as well as credit and liquidity risk. The main financial risks affecting the Company are as follows:
a) Credit risk:
In general, the Company holds its cash and cash equivalents at banks with high credit ratings.
The accounts receivable at 31 December 2022 and 2021 relate mainly to balances with Group companies for services provided by the Company.
The Company's Directors consider that there was no significant credit risk at 31 December 2022 and 2021.
The carrying amount less any accumulated impairment losses represents the maximum exposure to credit risk and also coincides with the carrying amount at which all the Company's financial assets are recognised.
Also, there are no significant financial assets that entail the recognition of income in the statement of profit or loss.
| Thousands of euros | |||||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Book value | Accumulated correction for impairment |
Book value | Accumulated correction for impairment |
||||
| Amount not due | - | - | - | - | |||
| Overdue impaid amount: | |||||||
| Less than 90 days | - | - | - | - | |||
| Between 90 and 180 | - | - | - | - | |||
| Between 180 and 360 | - | - | - | - | |||
| More than 360 days | 237 | (79) | 226 | (73) | |||
| 237 | (79) | 226 | (73) |
The detail of the age of the financial assets and of the related impairment losses is as follows:
The carrying amount of the financial assets and financial liabilities constitutes an acceptable approximation to fair value.
b) Liquidity risk:
The Company, for the purpose of ensuring liquidity and enabling it to meet all the payment obligations arising from its business activities, has the cash and cash equivalents disclosed in its statement of financial position, together with credit and financing facilities.
The Company manages liquidity risk prudently by maintaining sufficient cash, the availability of financing in the form of committed credit facilities and through the sufficient capacity to settle market positions.
The detail by maturity of the financial liabilities with fixed or determinable maturities is shown in Note 7.
At 2022 year-end, the amount of the financial liabilities that was scheduled to mature in 2023, totalling EUR 23,272 thousand, was lower than the available funds, determined as the sum of: cash and cash equivalents and current financial assets; the annual cash flow expected to be generated in 2022; and the discount lines and credit facilities to which banks are committed that have not been used and that have an initial maturity of more than 12 months (see Note 7).
c) Market risk:
Both the Company's cash and part of its bank borrowings are exposed to interest rate risk, which variations could have an effect on financial profit or loss and cash flows. In addition, in order to minimize the risk exposure, the Company has a private debt placement secured at a fixed interest rate. Private placement debt represents at 31 December 2022 a 60% of total debt drawn (59% at the end of 2021).
The Company's Directors continue to constantly monitor these risks.
In addition, some of the balances with Group companies are in foreign currencies.
Therefore, the main market risks to which the Company is exposed are interest rate and foreign currency risk.
c.1) Interest rate risk:
The detail of the average interest rate and of the average financial debt drawn is as follows:
| 2022 | 2021 | |
|---|---|---|
| Average interest rate | 2.08% | 1.83% |
| Average financial debt drawn (thousands of euros) | 548,480 | 486,899 |
On the basis of the financial debt drawn, the impact on borrowing costs of a change of half a point in the average interest rate would be as follows:
| Change in interest rate +0.50% | 2022 | 2021 |
|---|---|---|
| Change in borrowing costs (thousands of euros) | 1,092 | 1,004 |
c.2) Foreign currency risk:
The Company's Management, based on activity in countries outside the eurozone, monitors the changes in the various currencies in which the Parent's Company Group operates and assesses the foreign currency risk that could affect its financial statements.
To manage foreign currency risk, the Company takes the following measures:
If the financial market of the country in which the investment is made allows for adequate financing to be obtained in terms of timing and cost, hedging is naturally obtained through financing taken in the same currency as that of the investment.
If the above is not possible, the Company determines asset and liability sensitivity to exchange rate fluctuations on the basis of the extent and severity (volatility) of the risk exposure.
At 31 December 2022 financial debt has been drawn down in US dollars (at 31 December 2021 financial debt was drawn down in US dollars), so the Company is exposed to foreign currency risk as follows:
| Thousands of Euros | ||
|---|---|---|
| 2022 | 2021 | |
| Financial debt subject to foreign currency risk | 17,443 | 25,003 |
| Average financial debt drawn subject to foreign currency risk | 21,126 | 16,776 |
On the basis of the financial debt in foreign currency, the impact on borrowing costs of a change of half a point in the average exchange rate would be as follows:
| 2022 | 2021 | |||
|---|---|---|---|---|
| Change in exchange rate | +0.50% | -0.50% | +0.50% | -0.50% |
| Change in borrowing costs (thousands of euros) | 106 | (106) | 84 | (84) |
Despite the long period of historically low inflation, in the second half of 2021 and in 2022 inflation in the euro zone rose sharply. A significant portion of the Company's operating costs could increase as a result of higher inflation and the European Central Bank's monetary policy. The great majority of the Company's service provision contracts are indexed to inflation as far as the operating expenses are concerned, in infrastructure leases, as are the other contracts. Likewise, the great majority of the contracts between the Company and its clients are indexed to inflation, meaning that much of this risk is naturally mitigated.
At 31 December 2016, the Company's share capital was represented by 130,016,755 fully subscribed and paidup common shares of EUR 0.10 par value each.
On 28 September 2017, the Company's capital was increased by EUR 1,300 thousand through the creation of 13,001,675 new shares of EUR 0.10 par value each and with a share premium of EUR 135,866 thousand at EUR 10.45 per share. The capital increase was carried out by means of monetary contributions for the full amount which totaled EUR 137,166 thousand.
The expenses incurred in relation to the capital increase carried out in 2017 amounted to EUR 1,717 thousand net of the tax effect, and were recognised with a charge to reserves.
Therefore, at 31 December 2021, the Parent's share capital is represented by 143,018,430 fully subscribed and paid-up common shares of EUR 0.10 par value each.
On June 28 2022, the General Shareholders' Meeting approved the capital reduction through the redemption of 7,150,922 treasury shares, which represent the 5% of the share capital of the Parent Company. This capital reduction was duly registered in the Mercantile Registry of Madrid and has led to a reduction in the share capital of the Parent Company by 715 thousand euros (with a nominal value of 0.10 euros per share), a decrease in the value of own shares (see Note 6.3) for an amount of 53,703 thousand euros (at an average price of 7.51 euros) and a reduction in reserves (see Note 6.2) for an amount of 52,988 thousand euros.
Consequently, as at 31 December 2022, the share capital of the Parent Company is represented by 135,867,508 ordinary shares of 0.10 euros par value each, fully subscribed and paid.
As per the notifications of the number of shares submitted to the Spanish National Securities Market Commission (CNMV), the following shareholders owned significant direct and indirect interests in the Company's share capital, representing more than 3% of share capital, at 31 December 2022 were as follows:
| % share | |
|---|---|
| Morgan Stanley (*) | 9.30% |
| Southeastern Asset Management Inc | 5.15% |
| DWS Invest, GmbH | 4.07% |
| Santander Asset Management, S.A., SGIIC | 3.08% |
| Harris Associates LP | 3.03% |
(*) Owner of voting rights through financial instruments
The Company's Directors are not aware of any other ownership interests of 3% or more of the share capital or voting rights of the Company, or of any lower ownership interests that might permit the holder to exercise a significant influence over the Company.
Under the Spanish Companies Act, 10% of net profit for each year must be allocated to the legal reserve until the balance of this reserve reaches at least 20% of the share capital. The legal reserve can be used to increase capital provided that the remaining reserve balance does not fall below 10% of the increased share capital amount, except for that, and until the legal reserve exceeds 20% of share capital, it can only be used to offset losses, provided that sufficient other reserves are not available for this purpose.
At the end of 2022 and 2021 the balance of this reserve amount to EUR 2,860 thousand and it had reached the legally minimum required.
At 31 December 2022 and 2021, the share premium reserves amounted to EUR 449,391 thousand and it is fully available.
Spanish Companies Act allows to use the share premium reserves balance to increase capital and it does not establish specific restrictions on the availability of that balance.
At the closing of the financial years 2022 and 2021, the Company owns reserves that add up to EUR 721,618 and EUR 753,955 thousand, respectively.
During 2022, reserves decreased by EUR 52,988 thousand as a result of the capital reduction mentioned in Note 6.1.
On 28 June 2022, the General Shareholders' Meeting of the Parent Company approved the allocation of the profit of the Parent Company for the year 2021 amounting to 41,265 thousand euros, to dividends for an amount of EUR 0.15 per share for all the outstanding shares entitled to receive a dividend, which represented 20,321 thousand euros, and the remaining to voluntary reserves of free disposal. The dividend was paid on 7 July 2022.
At 31 December 2022, the Company holds a total of 2,227,423 treasury shares at an average cost of EUR 6.34 per share. The value of these treasury shares totalled EUR 14,117 thousand, which is recognised under "Treasury Shares" in the accompanying statement of financial position as at 31 December 2022 (see Note 4.12).
The Board of Directors of the Parent Company approved on 26 January 2022 to launch a programme to buyback the Company's shares, pursuant to the authorization granted by the General Meeting of Shareholders of the Company held on 29 May 2020, under item Seventh of its agenda. The share buyback programme started on 1 February 2022 and finalized on 13 May 2022. Further details of the terms and conditions of the programme can be found on the CNMV Inside Information dated 27 January 2022.
On 28 June 2022, the Annual General Shareholders Meeting approved the capital reduction by the redemption of 7,150,922 treasury shares, representing 5% of the Parent's Company share capital (see Note 6.1).
The Board of Directors of the Parent Company agreed on November 7, 2022 to launch a second program of repurchase of treasury shares, under the authorization granted by the General Shareholders' Meeting of the Parent Company held on 28 June 2022, under item 10 of its agenda. The maximum net investment of the Buy-Back Program amounts to EUR 50 million. The maximum number of shares of the Company that may be acquired under the Buy-Back Program was set at 6,793,375 shares, representing 5% of the share capital at this date. The Repurchase Program began on 9 November 2022 and will remain in force until 30 September 2023, both included.
In February and March 2022 the Company delivered to the Executive Directors, Senior Executives and certain executives of the Group a total of 212,503 shares (159,711 shares in 2021), following the approved calendar in accordance with the incentive plans granted (see Note 10.3).
At 31 December 2021, the Company holds a total of 408,098 treasury shares at an average cost of EUR 8.40 per share. The value of these treasury shares totalled EUR 3,427 thousand, which is recognised under "Treasury Shares" in the accompanying statement of financial position as at 31 December 2021 (see Note 4.12).
The balances of "Non-Current Payables" and "Current Payables" at the end of 2022 and 2021 relate in full to "financial liabilities at amortised cost". The detail is as follows (in thousands of euros):
| 31/12/2022 | 31/12/2021 | |
|---|---|---|
| Facilities Agreement | 113,941 | 65,151 |
| US Private Placement lenders | 330,000 | 330,000 |
| Bilateral facilities | - | 16,667 |
| CaixaBank credit facility | 65,000 | 32,000 |
| Credit facilities | 17,444 | 16,773 |
| Debt Arrangement fees | (302) | (713) |
| Total non-current payables | 526,083 | 459,878 |
| Accrued interests | 2,949 | 2,774 |
| Debt Arrangement fees | (411) | (709) |
| Bilateral facilities | 16,667 | 33,333 |
| Credit facilities (Note 5.3) | 4,067 | 732 |
| Total current payables | 23,272 | 36,130 |
| Total bank borrowings | 549,355 | 496,008 |
At 31 December 2022, the Company's debt structure is mainly composed of a portion of bank borrowings and placed private debt borrowings with US institutional investors. The bank borrowings consist of a multi-currency syndicated loan of EUR 600 million, which comprises a Facility A "Term Loan" of EUR 200 million and a Facility B "Revolving Credit Facility" of EUR 400 million. The total amount of the private debt is EUR 330 million and includes the new private debt placement of EUR 100 million carried out in 2021, bearing interest at a market rate and with final maturity in June 2036. The amount of the borrowings drawn down by the Company is disclosed in the foregoing table. The amount of the borrowings drawn down by the Group is disclosed in the consolidated financial statements of the Applus Group and in the table below in section a.
In relation to the bilateral loan, on 9 April 2021 a grace period of one year was agreed upon, with the first repayment set for April 2022, without altering the final maturity date of April 2023.
On 15 April 2021, the Applus Group entered a sustainability linked credit facility with CaixaBank limited to EUR 100 million maturing in 2023, with a one-year extension option that has been effective in 2022 of which EUR 65 million drawn down at 31 December 2022.
Note 5.4 to the financial statements contains information on the nature and level of risk of the financial instruments. In this regard, Group liquidity is detailed in Note 2.5.
The detail of the amounts drawn, by maturity, of "Non-Current Payables" and "Current Payables" is as follows:
| Thousands of Euros | |||||||
|---|---|---|---|---|---|---|---|
| Long Term | |||||||
| Limit | Short Term |
2024 | 2025 | 2026 | 2027 onwards |
Total | |
| Facility A "Term Loan" | 200,000 | - | - | 11,941 | - | - | 11,941 |
| Facility B "Revolving Credit Facility" |
400,000 | - | - | 102,000 | - | - | 102,000 |
| US Private Placement lenders | 330,000 | - | - | 150,000 | - | 180,000 | 330,000 |
| Bilateral facilities | 16,667 | 16,667 | - | - | - | - | 16,667 |
| CaixaBank credit facility | 100,000 | - | 65,000 | - | - | - | 65,000 |
| Accrued interest | - | 2,949 | - | - | - | - | 2,949 |
| Debt Arrangement fees | - | (411) | (131) | (82) | (36) | (53) | (713) |
| Credit Facilities | 88,083 | 4,067 | 17,444 | - | - | - | 21,511 |
| Total | 1,134,750 | 23,272 | 82,313 | 263,859 | (36) | 179,947 | 549,355 |
| Thousands of Euros | |||||||
|---|---|---|---|---|---|---|---|
| Long Term | |||||||
| Limit | Short Term |
2023 | 2024 | 2025 | 2026 onwards |
Total | |
| Facility A "Term Loan" | 200,000 | - | - | - | 11,941 | - | 11,941 |
| Facility B "Revolving Credit Facility" |
400,000 | - | - | - | 53,210 | - | 53,210 |
| US Private Placement lenders | 330,000 | - | - | - | 150,000 | 180,000 | 330,000 |
| Bilateral facilities | 50,000 | 33,333 | 16,667 | - | - | - | 50,000 |
| CaixaBank credit facility | 100,000 | - | 32,000 | - | - | - | 32,000 |
| Accrued interest | - | 2,774 | - | - | - | - | 2,774 |
| Debt Arrangement fees | - | (709) | (411) | (131) | (82) | (89) | (1,422) |
| Credit Facilities | 78,731 | 732 | 16,773 | - | - | - | 17,505 |
| Total | 1,158,731 | 36,130 | 65,029 | (131) | 215,069 | 179,911 | 496,008 |
The syndicated loan bears interest at Euribor for tranches in Euros and at Libor for tranches in foreign currency (not drawn at 2022 year-end) plus a spread based on a leverage grid for each Facility.
All the tranches had an initial single maturity on 27 June 2023, which may be extended for a total of two additional years at the end of the first and second years. On 27 June 2019 all tranches have been extended to 27 June 2024 and, on 16 June 2020, they were extended to 27 June 2025.
The initial private placement debt was placed from two US institutional investors. The structure includes a tranche of EUR 150 million maturing on 11 July 2025 and a tranche of EUR 80 million maturing on 11 July 2028. On 10 June 2021 a new private debt placement with one US institutional investor was added with two tranches, each one of EUR 50 million, the first tranche maturing on 10 June 2031 and the second one on 10 June 2036.
The accompanying statement of profit or loss for 2022 reflects an expense associated with the syndicated loan and private debt placement amounting to EUR 13,292 thousand. Also, the statement of profit or loss for 2021 reflected an expense of EUR 11,376 thousand. The change was due to the increase in the average interest rate described in Note 5.4.c.
The structure of the financial debt and the amounts drawn at 31 December 2022 and 2021 are as follows:
| Tranche | Limit of the | Drawn by the | Drawn by the | Maturity |
|---|---|---|---|---|
| Group | Company | Group | ||
| Facility A "Term Loan" | 200,000 | 11,941 | 200,000 | 27/06/2025 |
| Facility B "Revolving Credit Facility" | 400,000 | 102,000 | 194,486 | 27/06/2025 |
| US Private Placement lenders - 7 years | 150,000 | 150,000 | 150,000 | 11/07/2025 |
| US Private Placement lenders - 10 years | 80,000 | 80,000 | 80,000 | 11/07/2028 |
| US Private Placement lenders - 10 years | 50,000 | 50,000 | 50,000 | 10/06/2031 |
| US Private Placement lenders - 15 years | 50,000 | 50,000 | 50,000 | 10/06/2036 |
| Accrued interests | - | 2,349 | 2,659 | |
| Debt arrangement expenses | - | (713) | (841) | |
| Total | 930,000 | 445,577 | 726,304 |
| Thousands of Euros | ||||
|---|---|---|---|---|
| Tranche | Limit of the | Drawn by the | Drawn by the | Maturity |
| Group | Company | Group | ||
| Facility A "Term Loan" | 200,000 | 11,941 | 200,000 | 27/06/2025 |
| Facility B "Revolving Credit Facility" | 400,000 | 53,210 | 126,956 | 27/06/2025 |
| US Private Placement lenders - 7 years | 150,000 | 150,000 | 150,000 | 11/07/2025 |
| US Private Placement lenders - 10 years | 80,000 | 80,000 | 80,000 | 11/07/2028 |
| US Private Placement lenders - 10 years | 50,000 | 50,000 | 50,000 | 10/06/2031 |
| US Private Placement lenders - 15 years | 50,000 | 50,000 | 50,000 | 10/06/2036 |
| Accrued interests | - | 2,373 | 2,997 | |
| Debt arrangement expenses | - | (1,422) | (1,813) | |
| Total | 930,000 | 396,102 | 658,140 |
Both the syndicated loan and the private placement debt are subject to the achievement of certain financial ratios. The main one is defined as consolidated Net Debt to consolidated EBITDA of the last twelve months lower than 4.0x, tested every six months, at 30 June and 31 December.
At 31 December 2022, the ratio, calculated on the basis of the contractually established definitions of Net consolidated Debt and consolidated EBITDA, was 2.6x.
In accordance with the established terms and conditions, the Company's Directors expect the financial leverage ratio covenant to be met in the following years.
The Group also has to fulfil certain obligations under the syndicated loan and the private placement agreement which relate mainly to disclosure requirements concerning its consolidated financial statements and negative undertakings to not perform certain transactions without the lender's and investor's consent, such as certain mergers or changes of business activity.
None of Applus Group subsidiaries have their shares or other assets pledged to secure the financial debt.
The detail of the current and non-current tax assets and tax liabilities at the end of 2022 and 2021 is as follows (in thousands of euros):
| Tax assets | Tax liabilities | |
|---|---|---|
| Non-current balances: | ||
| Deferred tax assets | 464 | - |
| Tax credits for tax loss carryforwards (Note 8.5) | 11,759 | - |
| Withholding taxes and other tax credits | 4,380 | - |
| Total non-current balances | 16,603 | - |
| Current balances: | ||
| Accrued social security taxes payable | - | 9 |
| VAT payable | - | 267 |
| Personal income tax withholdings payable | - | 160 |
| Income tax withholdings receivables | 9,267 | - |
| Total current balances | 9,267 | 436 |
| Tax assets | Tax liabilities | |
|---|---|---|
| Non-current balances: | ||
| Deferred tax assets | 345 | - |
| Tax credits for tax loss carryforwards (Note 8.5) | 15,662 | - |
| Withholding taxes and other tax credits | 4,380 | - |
| Total non-current balances | 20,387 | - |
| Current balances: | ||
| Accrued social security taxes payable | - | 9 |
| VAT payable | - | 239 |
| Personal income tax withholdings payable | - | 110 |
| Income tax withholdings receivables | 6,783 | - |
| Total current balances | 6,783 | 358 |
The reconciliation of the accounting profit (loss) to the taxable profit (tax loss) for corporate income tax purposes is as follows (in thousands of euros):
| 2022 | 2021 | |
|---|---|---|
| Accounting profit before tax | 11,088 | 28,309 |
| Permanent differences | (22,926) | (39,297) |
| Temporary differences | 277 | (22) |
| Tax loss | (11,561) | (11,010) |
| Tax profits from subsidiaries | 86,800 | 73,880 |
| Tax losses from subsidiaries | (8,532) | (5,941) |
| Tax base before tax consolidation adjustments | 66,707 | 56,929 |
| Offset of tax losses | (16,669) | (14,235) |
| Taxable profit | 50,038 | 42,694 |
| Tax charge | 12,510 | 10,673 |
| Offset of tax credits | (6,428) | (6,772) |
| Tax withholdings and prepayments | (9,432) | (7,314) |
| Corporate Income tax refundable (-) / payable(+) | (3,350) | (3,413) |
The permanent differences in 2022 relate mainly to the application to the total amount of the dividends received by the Company of 26,000 thousand (see Note 10.1) of transitory rule 23 of the Spanish Income Tax Law (inspired by the former Article 30.6 of the Consolidated Spanish Income Tax Law), permitting the non-inclusion in the tax base of dividends received from the Spanish subsidiaries (and, therefore, their consideration as a reduction of the tax base of the ownership interest) and the claim for a double taxation tax credit, provided that there is evidence that the seller has effectively been taxed on an amount equal to the dividend received and of the exemption of article 21 on Spanish Income Tax Law. Pursuant to this transitory rule, the portion of the dividend received from the subsidiary Applus Servicios Tecnológicos, S.L.U. has been adjusted downwards by an amount of EUR 17.370 thousand. Likewise, 95% of the remaining amount of this dividend has been adjusted downwards too by an amount of EUR 8.198 thousand, based on article 21 on Spanish Income Tax Law.
It should also be noted that the Company has opted to apply the tax regime for foreign securities holding companies (ETVEs) envisaged in Articles 107 et seq. of the Spanish Income Tax Law.
The permanent differences in 2021 relate mainly to the application to the total amount of the dividends received by the Company of 42,192 thousand (see Note 10.1) of transitory rule 23 of the Spanish Income Tax Law (inspired by the former Article 30.6 of the Consolidated Spanish Income Tax Law), permitting the non-inclusion in the tax base of dividends received from the Spanish subsidiaries (and, therefore, their consideration as a reduction of the tax base of the ownership interest) and the claim for a double taxation tax credit, provided that there is evidence that the seller has effectively been taxed on an amount equal to the dividend received and of the exemption of article 21 on Spanish Income Tax Law. Pursuant to this transitory rule, the portion of the dividend received from the subsidiary Applus Servicios Tecnológicos, S.L.U. was adjusted downwards by an amount of EUR 18,706 thousand. 95% of the remaining amount of this dividend and the dividend received from Azul Holding, 2, S.à.r.l. was adjusted downwards too by an amount of EUR 21,376 thousand, based on article 21 on Spanish Income Tax Law.
The temporary differences for 2022 relate mainly, to the reversal of provisions considered non-deductible for tax purposes, amounting EUR 1,630 thousand and to the recognition of provisions considered non-deductible for tax purposes, amounting to EUR 1,907 thousand.
The temporary differences for 2021 related mainly, to the reversal of provisions considered non-deductible for tax purposes, amounting EUR 1,452 thousand and to the recognition of provisions considered non-deductible for tax purposes, amounting to EUR 1,430 thousand.
The reconciliation of the accounting profit to the corporate income tax expense (benefit) for 2022 and 2021 is as follows (in thousands of euros):
| 2022 | 2021 | |
|---|---|---|
| Accounting profit before tax | 11,088 | 28,309 |
| Permanent differences | (22,926) | (39,297) |
| Taxable accounting loss | (11,838) | (10,988) |
| Tax charge | (2,960) | (2,747) |
| Adjustments and recognitions/derecognition of tax credits and others | (2,278) | (3,569) |
| Deduction of unrecognised tax assets | (6,255) | (6,640) |
| Total corporate income tax expense (benefit) recognised in profit or loss | (11,493) | (12,956) |
The unrecognized tax deductions applied during 2022 and 2021 financial years mainly correspond to the internal double taxation deduction.
The breakdown of corporate income tax expense (benefit) is as follows:
| 2022 | 2021 | |
|---|---|---|
| Current tax: | ||
| Continuing operations | (15,277) | (13,871) |
| Discontinued operations | - | - |
| (15,277) | (13,871) | |
| Deferred tax: | ||
| Continuing operations | 3,784 | 915 |
| Discontinued operations | - | - |
| 3,784 | 915 | |
| Total tax expense (benefit) | (11,493) | (12,956) |
At 31 December 2022 and 2021, the prior year's tax loss carryforwards of the company recognised in the accompanying statement of financial position were as follows:
| Thousands of Euros | |||
|---|---|---|---|
| Tax loss carryforwards | Tax asset recognised (Note 8.1) | ||
| 2010 | 12,805 | 3,201 | |
| 2011 | 34,230 | 8,558 | |
| Total | 47,035 | 11,759 |
| Thousands of Euros | |||
|---|---|---|---|
| Tax loss carryforwards Tax asset recognised (Note 8.1) |
|||
| 2010 | 28,418 | 7,105 | |
| 2011 | 34,230 | 8,557 | |
| Total | 62,648 | 15,662 |
Additionally, "Deferred Tax Assets" of the accompanying statement of financial position as at 31 December 2022 includes other positive temporary differences amounting to EUR 464 thousand in 2022 and EUR 345 thousand in 2021 (see Note 8.1).
Finally, "Deferred Tax Assets" includes EUR 4,380 thousand corresponding to the recognition of withholding taxes for domestic double taxation (same amount as for 2021) (see Note 8.1).
At the end of each year the Company's Directors analyse the recoverability of the deferred tax assets and only recognise those that they consider will probably be recovered.
The factors taken into consideration by the Company's Directors to recognise as a deferred tax asset, including tax credit for tax loss carry forwards, withholding taxes and tax credits for temporary differences at 31 December 2022, which support their future recoverability, are as follows:
The detail of the tax losses not recognised in the accompanying statement of financial position as at 31 December 2022 and 2021 is as follows:
| Thousands of Euros | |||
|---|---|---|---|
| Tax Loss carryforwards | Tax credit not recognised | ||
| 2007 | 5,077 | 1,269 | |
| Total | 5,077 | 1,269 |
The detail of the tax credit carryforwards not recognised in the accompanying statement of financial positions at 31 December 2022 and 2021 is as follows (in thousands of euros):
| Year | Description | 31/12/2022 | 31/12/2021 |
|---|---|---|---|
| 2013 | Domestic double taxation tax credit | - | 4,692 |
| 2014 | Domestic double taxation tax credit | 3,488 | 4,313 |
| 2015 | Domestic double taxation tax credit | 4,227 | 4,227 |
| 2016 | Domestic double taxation tax credit | 3,925 | 3,925 |
| 2017 | Domestic double taxation tax credit | 4,693 | 4,693 |
| 2018 | Domestic double taxation tax credit | 4,419 | 4,419 |
| 2019 | Domestic double taxation tax credit | 5,743 | 5,743 |
| 2020 | Domestic double taxation tax credit | 4,897 | 4,897 |
| 2021 | Domestic double taxation tax credit | 3,367 | 3,367 |
| 2022 | Domestic double taxation tax credit | 3,127 | - |
| Total | 37,886 | 40,276 |
Additionally, the Company owns the following tax credits generated by the subsidiary Idiada Automotive Technology S.A. (in thousands of euros):
| Year | Description | 31/12/2022 | 31/12/2021 |
|---|---|---|---|
| 2012 | Specific activities taxation tax credit | 394 | 365 |
| 2013 | Specific activities taxation tax credit | 1,161 | 1,161 |
| 2014 | Specific activities taxation tax credit | 34 | 1,470 |
| 2015 | Specific activities taxation tax credit | 13 | 1,138 |
| 2016 | Specific activities taxation tax credit | 386 | 1,000 |
| 2017 | Specific activities taxation tax credit | 544 | 702 |
| 2018 | Specific activities taxation tax credit | 113 | 156 |
| 2019 | Specific activities taxation tax credit | 1 | 49 |
| 2020 | Specific activities taxation tax credit | 4 | 4 |
| Total | 2,650 | 6,045 |
In general, at 2022 year-end, the years open for review for corporate income tax are 2018-2021 and those fiscal years in which four years have not elapsed from the deadline for filing the corresponding returns for VAT and the rest of applicable taxes.
These notes to the financial statements do not include the information referred to in Article 42 bis of Royal Decree 1065/2007 in relation to persons resident in Spain, whether legal entities that are beneficiaries or holders of accounts abroad or individuals from the Company who are authorised representatives for accounts abroad held by a subsidiary of the Company non-resident in Spain, since such information is duly recorded and detailed in the Company's accounting records pursuant to Article 42 bis 4.b of Royal Decree 1065/2007.
The Company's revenue relates in full to transactions carried out with Group companies (see Note 10.1).
The detail of the revenue for 2022 and 2021 is as follows (in thousands of euros):
| 2022 | 2021 | |
|---|---|---|
| Dividend revenue | 26,000 | 42,192 |
| Finance revenue | 6,541 | 8,112 |
| Management fee revenue | 3,895 | 3,420 |
| Total | 36,436 | 53,724 |
The detail of "Staff Costs" in the statement of profit or loss for 2022 and 2021 is as follows (in thousands of euros):
| 2022 | 2021 | |
|---|---|---|
| Wages and salaries | 6,195 | 3,177 |
| Employer social security costs | 90 | 87 |
| Other employee benefit costs | 182 | 174 |
| Total | 6,467 | 3,438 |
The average number of employees in 2022 and 2021, by category and gender, is as follows:
| Category | Men | Women | Total |
|---|---|---|---|
| Top management | 4 | - | 4 |
| Middle management | 1 | - | 1 |
| Supervisors | - | 1 | 1 |
| Total | 5 | 1 | 6 |
| Category | Men | Women | Total |
|---|---|---|---|
| Top management | 4 | - | 4 |
| Middle management | 1 | - | 1 |
| Supervisors | - | 1 | 1 |
| Total | 5 | 1 | 6 |
Also, the breakdown of the workforce, by gender and category, at the end of 2022 and 2021 is as follows:
| Category | Men | Women | Total |
|---|---|---|---|
| Top management | 4 | - | 4 |
| Middle management | 1 | - | 1 |
| Supervisors | - | 1 | 1 |
| Total | 5 | 1 | 6 |
| Category | Men | Women | Total |
|---|---|---|---|
| Top management | 4 | - | 4 |
| Middle management | 1 | - | 1 |
| Supervisors | - | 1 | 1 |
| Total | 5 | 1 | 6 |
In 2022 and 2021, Applus Services, S.A. has no employees with a disability equal to or greater than 33%.
The detail of the transactions with Group and related companies in 2022 and 2021 is as follows:
| Miles de Euros | ||||
|---|---|---|---|---|
| Dividend revenue (Nota 9.1) |
Finance income (Nota 9.1) |
Finance cost |
Services rendered (Nota 9.1) |
|
| Applus Servicios Tecnológicos, S.L.U. | 26,000 | 1,197 | 79 | 3,895 |
| Applus Iteuve Technology, S.L.U. | - | 195 | 343 | - |
| Arctosa Holding, B.V. | - | 238 | - | - |
| Röntgen Technische Dienst Holding, B.V. | - | - | 35 | - |
| Libertytown USA 1, Inc. | - | 1,261 | - | - |
| Ringal Invest, S.L.U. | - | 315 | - | - |
| Libertytown Australia Pty, Ltd. | - | 282 | - | - |
| Velosi Industries Sdn Bhd. | - | - | 197 | - |
| Libertytown Applus RTD Germany Gmbh. | - | 494 | - | - |
| Röntgen Technische Dienst, B.V. | - | - | 104 | - |
| John Davidson & Associates Pty, Ltd. | - | 2 | 118 | - |
| Applus Pty Ltd. | - | 70 | - | - |
| Applus Norcontrol Guatemala, S.A. | - | 3 | - | - |
| LGAI Technological Center, S.A. | - | - | 941 | - |
| Velosi Certification Services L.L.C | - | 811 | 12 | - |
| Applus Energy, S.L.U. | - | 59 | - | - |
| RTD Quality Services, Inc. | - | 471 | 2 | - |
| Applus Norcontrol, S.L.U. | - | 26 | 115 | - |
| Applus Car Testing Service, Ltd. | - | - | 56 | - |
| Applus Iteuve Euskadi, S.A.U. | - | - | 72 | - |
| Novotec Consultores, S.A.U. | - | 22 | 44 | - |
| RTD Holding Deutschland, Gmbh. | - | - | 70 | - |
| Applus Velosi Canada Ltd. | - | 110 | 81 | - |
| TIC Investments Chile SpA | - | 181 | - | - |
| SAST International Ltd. | - | - | 8 | - |
| Supervisión y Control, S.A.U. | - | - | 1,005 | - |
| Applus Singapore PTE Ltd. | - | 2 | 112 | - |
| Applus Inspection Services Ireland, Ltd. | - | - | 187 | - |
| Otros | - | 802 | 1,070 | - |
| Total | 26,000 | 6,541 | 4,651 | 3,895 |
| Thousands of Euros | ||||
|---|---|---|---|---|
| Dividend revenue (Note 9.1) |
Finance income (Note 9.1) |
Finance cost |
Services rendered (Note 9.1) |
|
| Applus Servicios Tecnológicos, S.L.U. | 28,000 | 1,920 | 1,420 | 3,420 |
| Applus Iteuve Technology, S.L.U. | - | 420 | 369 | - |
| Arctosa Holding, B.V. | - | 186 | - | - |
| Röntgen Technische Dienst Holding, B.V. | - | 176 | 2 | - |
| Libertytown USA 1, Inc. | - | 963 | - | - |
| Ringal Invest, S.L.U. | - | 352 | - | - |
| Libertytown Australia Pty, Ltd. | - | 451 | - | - |
| Velosi Industries Sdn Bhd. | - | 437 | 16 | - |
| Libertytown Applus RTD Germany Gmbh. | - | 512 | 1 | - |
| Röntgen Technische Dienst, B.V. | - | 60 | 161 | - |
| John Davidson & Associates Pty, Ltd. | - | - | 735 | - |
| Applus Pty Ltd. | - | 215 | - | - |
| Applus Norcontrol Guatemala, S.A. | - | 27 | - | - |
| LGAI Technological Center, S.A. | - | - | 969 | - |
| Velosi Certification Services L.L.C | - | 501 | 13 | - |
| Applus Energy, S.L.U. | - | 59 | - | - |
| RTD Quality Services, Inc. | - | 157 | 9 | - |
| Applus Norcontrol, S.L.U. | - | 58 | 120 | - |
| Applus Car Testing Service, Ltd. | - | 60 | 136 | - |
| Applus Iteuve Euskadi, S.A.U. | - | - | 70 | - |
| Novotec Consultores, S.A.U. | - | 34 | 7 | - |
| RTD Holding Deutschland, Gmbh. | - | - | 72 | - |
| Applus Velosi Canada Ltd. | - | 88 | 96 | - |
| TIC Investments Chile SpA | - | 266 | - | - |
| SAST International Ltd. | - | - | 630 | - |
| Supervisión y Control, S.A.U. | - | - | 873 | - |
| Velosi (HK) Ltd. | - | - | 357 | - |
| Azul Holding, 2, S.à.r.l. | 14,192 | 2 | 16 | - |
| Applus Singapore PTE Ltd. | - | 29 | 191 | - |
| Applus Inspection Services Ireland, Ltd. | - | - | 177 | - |
| QPS Evaluation Services Inc. | - | 584 | - | - |
| Otros | - | 555 | 731 | - |
| Total | 42,192 | 8,112 | 7,171 | 3,420 |
On 30 December 2022, the subsidiary Applus Servicios Tecnológicos, S.L.U. approved the distribution of a dividend amounting to EUR 26,000 thousand out of unrestricted reserves, which were pending to be earned at the end of 2022.
On 21 December 2021, the subsidiary Applus Servicios Tecnológicos, S.L.U. approved the distribution of an interim dividend amounting to EUR 28,000 thousand out of profit for 2021.
On 21 December 2021, the subsidiary Azul Holding 2 S.à.r.l. (currently merged to Velosi S.a.r.l., see Note 5.2) approved the distribution of a dividend amounting to USD 15,903 thousand (EUR 14,192 thousand), USD 15,874 thousand out of profit for 2021 (EUR 14,166 thousand) and USD 29 thousand (EUR 26 thousand) out of retained earnings of the subsidiary company.
Also, the Company has a "Management fee" agreement with Applus Servicios Tecnológicos, S.L.U. under which the Company charges the management, analysis and business plan development services and, overheads, among others. The amount payable under this agreement was established on the basis of a report prepared by an independent expert and is in line with market prices.
Additionally, the Company holds loans and cash pooling agreements with its subsidiaries, which generate finance income and expenses. The amount of these agreements was set based on a professional valuer's report at market rates.
The detail of the balances with related companies reflected in the statement of financial position as at 31 December 2022 and 2021 is as follows:
| Thousands of Euros | ||||||
|---|---|---|---|---|---|---|
| Long-term | Short-term | Other financial | Long-term | Short-term | Trade | |
| credits (Note | credits | assets (Note | loans | loans | receivables | |
| 5.1) | (Note 5.1) | 5.1) | (Note 5.1) | |||
| Applus Servicios Tecnológicos, S.L.U. | 17,313 | 48,614 | 26,000 | - | 1,765 | 1,614 |
| Libertytown USA 1, Inc. | 62,784 | 380 | - | - | - | - |
| Applus Iteuve Technology, S.L.U. | 12,838 | 7,671 | - | - | 41,964 | - |
| Ringal Invest, S.L.U. | - | 21,244 | - | - | 45 | - |
| Libertytown Applus RTD Germany Gmbh. | - | 20,067 | - | - | - | - |
| Velosi Industries Sdn Bhd. | - | 107 | - | 4,870 | 53 | 345 |
| Libertytown Australia Pty, Ltd. | 8,829 | 7,023 | - | - | - | - |
| Röntgen Technische Dienst Holding, B.V. | - | - | - | - | 784 | - |
| Applus Iteuve Euskadi, S.A.U. | - | - | - | - | 4,096 | - |
| LGAI Technological Center, S.A. | - | 258 | - | 56,724 | 10,272 | - |
| Applus Inspection Services Ireland, Ltd. | - | - | - | - | 13,199 | - |
| Supervisión y Control, S.A.U. | - | 5,539 | - | - | 56,120 | - |
| Applus Car Testing Service, Ltd. | - | - | - | - | 4,435 | - |
| Applus Norcontrol, S.L.U. | - | 3,352 | - | - | 17 | - |
| Idiada Automotive Technology, S.A. | - | 4,398 | - | - | - | - |
| Röntgen Technische Dienst, B.V. | - | - | - | - | 10,761 | - |
| Arctosa Holding, B.V. | - | 4,591 | - | - | - | - |
| John Davidson & Associates Pty, Ltd. | - | - | - | 19,516 | 603 | - |
| Applus Iteuve Galicia, S.L.U. | - | 6,432 | - | - | - | - |
| Applus Energy, S.L.U. | - | 3,180 | - | - | 328 | - |
| Applus Pty Ltd. | - | 8,305 | - | - | - | - |
| Velosi Certification Services L.L.C | 38 | 22,094 | - | - | 9,575 | - |
| Applus Deutschland Inspektions-Gesellschaft, GmbH. | - | 579 | - | - | - | - |
| Applus UK Ltd. | - | 8,036 | - | - | 2,062 | - |
| Applus Velosi Canada Ltd. | - | 2,882 | - | - | 2,899 | - |
| Norcontrol Inspección S.A. | - | - | - | 1,031 | 12 | - |
| 3C Test Limited | 3,456 | 23 | - | - | - | - |
| RTD Quality Services, Inc. | - | 13,969 | - | - | - | - |
| Applus Portugal, Lda. | - | - | - | - | 1,419 | - |
| RTD Holding Deutschland, Gmbh. Novotec Consultores, S.A.U. |
- - |
- 543 |
- - |
- - |
4,657 702 |
- - |
| Applus Euskadi Holding, S.L. | 3,000 | 412 | - | - | 1 | - |
| TIC Investments Chile SpA | 6,714 | 53 | - | - | - | - |
| Applus Singapore PTE Ltd. | - | 1,006 | - | - | 1,336 | - |
| Applus Norcontrol República Dominicana, S.R.L. | 222 | 5 | - | - | - | - |
| BK Werkstofftechnik – Prüfstelle für Werstoffe GmbH. | - | - | - | - | 798 | - |
| Applus LGAI Germany GmbH. | - | 1,100 | - | - | - | - |
| Applus RTD Gulf DMCC | - | 2,745 | - | - | 8,330 | - |
| Iteuve Canarias, S.L. | 2,000 | 74 | - | - | 2,156 | - |
| Libertytown RE, S.A. | - | - | - | 5,000 | 49 | - |
| Applus India Private Ltd. | 1,369 | 14 | - | - | - | - |
| SARL Apcontrol Energie et Industrie Algerie | 500 | 42 | - | - | - | - |
| Steel Test (Pty) Ltd. | 425 | 57 | - | - | - | - |
| Applus RTD Pte, Ltd. | - | - | - | 566 | 7 | - |
| Tunnel Safety Testing, S.A. | - | 27 | - | - | 384 | - |
| Velosi Sarl | - | - | - | 5,563 | 77 | - |
| Inversiones Finisterre, S.L. | - | 624 | - | - | 7,513 | - |
| Applus Arabia Co., L.L.C. | - | - | - | - | - | 3 |
| AC6 Metrología, S.L. | 1,600 | 7 | - | - | 28 | - |
| Laboratorio Ensayos Metrológicos S.L. | - | 99 | - | 1,425 | 997 | - |
| ZYX Metrology, S.L.U. | - | 17 | - | - | 680 | - |
| Reliable Analysis Inc. | 1,605 | 34 | - | - | - | - |
| Applus Laboratories AS | - | - | - | 765 | 6 | - |
| Applus Velosi Egypt, LLC | 622 | 33 | - | - | - | 24 |
| Otros | 6,737 | 1,462 | - | 7,103 | 2,140 | 91 |
| Total | 130,052 | 197,098 | 26,000 | 102,563 | 190,270 | 2,077 |
| Thousands of Euros | |||||
|---|---|---|---|---|---|
| Long-term | Short-term | Trade | |||
| credits (Note | credits | Long-term | Short-term | receivables | |
| 5.1) | (Note 5.1) | loans | loans | (Note 5.1) | |
| Applus Servicios Tecnológicos, S.L.U. | 62,313 | 1,800 | - | 1,684 | 1,403 |
| Libertytown USA 1, Inc. | 54,296 | 331 | - | - | - |
| Applus Iteuve Technology, S.L.U. | 12,838 | 7,696 | - | 11,702 | - |
| Ringal Invest, S.L.U. | - | 20,961 | - | 36 | - |
| Libertytown Applus RTD Germany Gmbh. | - | 19,558 | - | - | - |
| Velosi Industries Sdn Bhd. | - | 113 | 5,226 | 17 | 26 |
| Libertytown Australia Pty, Ltd. | 8,829 | 6,840 | - | - | - |
| Röntgen Technische Dienst Holding, B.V. | - | 26 | - | 339 | - |
| Applus Iteuve Euskadi, S.A.U. | - | - | - | 3,570 | - |
| LGAI Technological Center, S.A. | - | 728 | 42,724 | 20,479 | - |
| Applus Inspection Services Ireland, Ltd. | - | - | - | 8,140 | - |
| Supervisión y Control, S.A.U. | - | 5,509 | 38,400 | 295 | - |
| Applus Car Testing Service, Ltd. | - | - | - | 3,293 | - |
| Applus Norcontrol, S.L.U. | - | 83 | - | 3,139 | - |
| Idiada Automotive Technology, S.A. | - | 2,333 | - | - | - |
| Röntgen Technische Dienst, B.V. | - | 2 | - | 6,185 | - |
| Arctosa Holding, B.V. | - | 9,423 | - | - | - |
| John Davidson & Associates Pty, Ltd. | - | 281 | 19,824 | 207 | - |
| Applus Iteuve Galicia, S.L.U. | - | 3,003 | - | 31 | - |
| Applus Energy, S.L.U. | - | 4,232 | - | 74 | - |
| Applus Pty Ltd. | - | 5,149 | - | - | - |
| Velosi Certification Services L.L.C | - | 16,321 | - | 5,843 | - |
| Applus Deutschland Inspektions-Gesellschaft, GmbH. | - | - | - | 2,143 | - |
| Applus UK Ltd. | - | 4,453 | - | 1,642 | - |
| Applus Velosi Canada Ltd. | - | 2,420 | - | 3,178 | - |
| Azul Holding, 2, S.à.r.l. | - | - | 1,333 | 6 | - |
| Norcontrol Inspección S.A. | - | - | 1,158 | 14 | - |
| 3C Test Limited | 2,427 | 25 | - | - | - |
| RTD Quality Services, Inc. | - | 6,408 | - | - | - |
| Applus Portugal, Lda. | - | - | - | 2,281 | - |
| K1 Katsastajat, OY | - | 561 | 1,700 | - | - |
| RTD Holding Deutschland, Gmbh. | - | - | - | 4,657 | - |
| Novotec Consultores, S.A.U. | 3,000 | 462 | - | 1,739 | - |
| Applus Euskadi Holding, S.L. | 4,400 | 33 | - | 61 | - |
| TIC Investments Chile SpA | 7,563 | 70 | - | - | - |
| Applus Singapore PTE Ltd. | - | 889 | - | 3,276 | - |
| Applus Norcontrol República Dominicana, S.R.L. | 274 | 52 | - | - | - |
| BK Werkstofftechnik – Prüfstelle für Werstoffe GmbH. | - | - | - | 1,031 | - |
| Applus LGAI Germany GmbH. | - | 1,093 | - | - | - |
| Applus RTD Gulf DMCC | - | 2,626 | - | 4,068 | 1 |
| Iteuve Canarias, S.L. | 2,000 | 21 | - | 1,077 | - |
| Libertytown RE, S.A. | - | - | 2,600 | 76 | - |
| Applus India Private Ltd. | 883 | 9 | - | - | 1 |
| SARL Apcontrol Energie et Industrie Algerie | 500 | 30 | - | - | - |
| Steel Test (Pty) Ltd. | 397 | 35 | - | - | - |
| Applus RTD Pte, Ltd. | - | - | 530 | 6 | - |
| Tunnel Safety Testing, S.A. | - | - | - | 739 | - |
| Velosi Sarl | - | - | 2,295 | - | - |
| Inversiones Finisterre, S.L. | - | 530 | 4,500 | 27 | - |
| Applus Arabia Co., L.L.C. | 7,766 | 68 | - | - | - |
| AC6 Metrología, S.L. | 1,600 | 6 | - | - | - |
| Laboratorio Ensayos Metrológicos S.L. | - | 127 | 1,425 | 28 | - |
| ZYX Metrology, S.L.U. | - | 142 | - | 874 | - |
| Reliable Analysis Inc. | 794 | 11 | - | - | - |
| Adícora Servicios de Intermediación de Ingeniería S.L.U. | 591 | 1 | - | 98 | - |
| Ingeniería, Estudios y Construcciones, S.A.U. | 815 | 401 | - | - | - |
| Applus Laboratories AS | - | - | 802 | 10 | - |
| Applus Velosi Egypt, LLC | 591 | 13 | - | - | - |
| Otros | 2,410 | 710 | 949 | 757 | 197 |
| Total | 174,287 | 125,585 | 123,466 | 92,822 | 1,628 |
"Short-term credits from Group companies" and "Short-term loans to Group companies" include accounts receivable and accounts payable with various Group companies arising from the Company's inclusion as the head of the consolidated tax group, accounts receivable amounting at 31 December 2022 to EUR 21,187 thousand and accounts payable amounting to EUR 2,133 thousand (2021: accounts receivable EUR 18,201 thousand and accounts payable EUR 1,490 thousand) (see Note 4.3).
In addition, under "Current Receivables" and "Current Payables", amounts of EUR 129,484 thousand and EUR 123,974 thousand are recognised, respectively, in relation to the cash-pooling agreement maintained with the other Group companies (EUR 105,981 and EUR 90,311 thousand respectively in 2021).
"Long-term credits to Group companies" include loans with related parties, which have a maturity between 2023, 2024, 2025 and 2028.
Also, under "Other financial assets" there are recognized the dividends receivable at the end of 2022 and 2021 (see Note 5.1).
Group credits and loans generate an interest at market rates.
Remuneration of and obligations to the Board of Directors
The detail of the remuneration (social benefits included) earned by the Executive Directors and the Company's Board of Directors at 2022 and 2021 year-end is as follows:
In 2022, Executive Directors include the Chief Executive Officer from the day of termination as member of the Board of Directors on 27 June 2022 and the Chief Financial Officer during 2022, initially as Chief Financial Officer and from 28 June as Chief Executive Officer and sole Executive Director. As a consequence of the aforementioned termination, the Group executed and accelerated vesting of all the pending RSUs and the effective pay-out of the bonus earned in 2022 and payable in 2023. Additionally, a non-compete commitment exists from 1 January 2023 to the next 2 years.
The fixed remuneration of the Executive Directors includes a portion in the form of RSUs amounting to EUR 56 thousand per year at the date on which they were granted, corresponding to the RSUs conferred to the current Executive Director when he was in the position of Group's Chief Financial Officer (CFO). According to the plans in force, in February 2020, 2021 and 2022, 5,317, 6,648 and 7,100 RSUs, respectively, were granted. The RSUs granted in 2020 and 2021 will be convertible to shares three years after the date on which they were granted. The RSUs delivered in 2022 will be convertible to shares three years after the date on which they are granted, 30% of which are granted in each of the first two years and the remaining 40% are granted in the third year. In February 2022 the Group effected delivery of 3,288 net shares relating to the plan granted in February 2019.
62.5% of the Executive Directors' variable remuneration is given in cash, with the rest comprising RSUs convertible to shares three years after the date on which they are granted, 30% of which are granted in each of the first two years and the remaining 40% are granted in the third year. These RSUs amounted to EUR 191 thousand in the year. At 2022 year-end, three RSU plans were in force, having been granted in February 2020, 2021 and 2022 for 34,645, 17,618 and 39,998 RSUs, respectively. In February 2022 the Company effected delivery of 15,268 net shares.
The plans in force at the end of the year in relation to the RSUs can be consulted in the Remuneration Report.
"Other items" include the total of benefits that, according to the Remuneration Policy, accounts for 15% of the Fixed Remuneration without fixed RSUs. The table above does not include pension plans, as they are included afterwards.
b) Long-term incentive ("LTI"):
Under the remuneration policy in force, the Executive Directors shall annually receive PSUs (performance stock units) that are convertible into shares of the Company three years after the date on which they are granted and according to the accomplishment of specific objectives. The expense recognised in 2022 in this connection amounted to EUR 447 thousand as a result of the fulfilment of the variables established for them.
At 2022 year-end, three PSU plans were in force, having been granted in 2020, 2021 and 2022 for 46,338, 57,939 and 131,703 PSUs, respectively. The detail of the PSU plans in force can be consulted in the Remuneration Report. In February 2022 the Group did effect the delivery of 33,129 net shares related to the plan granted in February 2019.
In 2022, the Executive Directors and the members of the Board of Directors did not earn or receive any termination benefits.
The pension plan benefits earned by the Executive Directors in 2022 amounted to EUR 42 thousand.
At 31 December 2022, no loans or advances had been granted to the members of the Company's Board of Directors.
Lastly, Applus Services, S.A. took out a third-party liability insurance policy. The insured persons under this policy are the directors and executives of the Group companies the Parent of which is Applus Services, S.A. The Directors of Applus Services, S.A. are included among the insured persons of this policy. The premium paid in 2022 for this insurance policy amounted to EUR 171 thousand (2021: EUR 156 thousand).
The Company's Executive Directors comprised 2 men at 31 December 2022 and in 2021.
The Company's Directors comprised 5 men and 4 women at 31 December 2022 (6 men and 4 women at 31 December 2021).
The breakdown of the remuneration earned in 2022 and 2021 by the Senior Executives is as follows:
a) Annual remuneration:
| Thousands of Euros | ||
|---|---|---|
| 2022 | 2021 | |
| Fixed remuneration | 293 | 280 |
| Variable remuneration | 156 | 151 |
| Other items | 49 | 46 |
| Termination benefits | - | - |
| Pension plans | 2 | 2 |
| Total | 500 | 479 |
64.73% of the Senior Executives' variable remuneration is given in cash, with the rest comprising RSUs convertible to shares three years after the date on which they are granted, 30% of which are granted in each of the first two years and the remaining 40% are granted in the third year. The RSU plans in force at the end of 2022 relate to the RSUs granted in February 2020, 2021 and 2022 for 8,582, 5.864 and 9.825 RSUs, respectively. In March 2022 the Group effected delivery of 4.432 net shares relating to the plans granted in 2019 (40%), 2020 (30%) and 2021 (30%). EUR 77 thousand were charged to the financial statement of profit or loss for 2022 in this connection.
b) Multiannual remuneration and long-term incentive in PSUs:
Under the current remuneration policy, certain of the Senior Executives annually receive PSUs (performance stock units) that are convertible into shares of the Company three years after the date on which they are granted. The expense recognised in this connection amounted to EUR 37 thousand in 2022. The PSU plans in force at the end of 2022 relate to the PSUs granted in February 2020, 2021 and 2022 for 3,418, 4,274 and 4,562 PSUs, respectively.
In 2022, one Senior Executive took part in a long-term incentive plan for which has been granted PSUs (Performance Stock units) convertibles into shares of the Parent in 2023, 2024 and 2025 and subject to the accomplishment of specific objectives. The expense recognised in this connection amounted to EUR 150 thousand as a result of the achievement of the variables established for them.
Also, the Applus Group has life insurance obligations to certain Senior Executives; the related expense is included under "Other Items" in the tables above.
The Senior Executives comprise 2 men at 31 December 2022 (31 December 2021: two men).
It is hereby stated that the Directors, their individual representatives and their related persons thereto, do not hold any investments in the share capital of companies engaging in identical, similar or complementary activities to those of the Company or hold positions or discharge duties thereat, other than those held or discharged at the Applus Group companies, that could give rise to a conflict of interest as established in Article 229 of the Spanish Companies Act.
At 31 December 2022, the Company had granted loans in currencies other than the euro amounting to EUR 134,845 thousand (31 December 2021: EUR 120,466 thousand) and had received foreign currency loans amounting to EUR 102,273 thousand (31 December 2021: EUR 73,511 thousand).
The Company's statement of profit or loss includes finance income in currencies other than the euro amounting to EUR 3,321 thousand at 31 December 2022 (31 December 2021: EUR 17,725 thousand) and finance costs in currencies other than the euro amounting to EUR 2,441 thousand (31 December 2021: EUR 4,285 thousand).
As a result of these balances, the Company's statement of profit or loss includes positive foreign exchange differences amounting to EUR 2,187 thousand at 31 December 2022 (31 December 2021: Negative amount of EUR 937 thousand).
The loans granted to the Company relate mainly to loans with Group companies arranged basically in US dollars, Australian dollars and Pound sterling.
The detail of the amounts received by the Company's auditor, Deloitte, S.L., or by any firm in the same network as defined by current Spanish audit legislation, in 2022 and 2021 is as follows (in thousands of euros):
| Description | 2022 | 2021 |
|---|---|---|
| Audit services Services different from audit: |
430 | 266 |
| Services required by the applicable regulatory framework | - | - |
| Other attest services | 93 | 154 |
| Tax counselling services | - | - |
| Other services | - | - |
| Total professional services | 523 | 420 |
The Company had contracted certain obligations and guarantees derived from the financing agreement described in Note 7. These obligations include reporting obligations relating to the Group's financial statements and business plans; the obligation to take certain measures such as guaranteeing accounting closes, refrain from performing certain transactions without the consent of the lender, such as mergers, changes of business activity, share redemptions, and the financial obligation to achieve certain financial ratios, among others.
At 31 December 2022 and 2021, the Company's shares had not been pledged.
At 31 December 2022 and 2021, no banks had provided the Company with guarantees to third parties.
Detailed below is the information required by the Additional Rule 3 "Disclosure Obligation" of Law 15/2010, of 5 July (amended by Final Rule 2 of Law 31/2014, of 3 December), which was prepared in accordance to the Spanish Accounting and Audit Institute (ICAC) Resolution of 29 January 2016 on information to be incorporated in notes to the financial statements in relation to average payment periods to suppliers in commercial transactions.
| 2022 | 2021 | ||
|---|---|---|---|
| Days | |||
| Average payment period to suppliers | 53 | 52 | |
| Ratio of transactions settled | 57 | 54 | |
| Ratio of transactions not yet settled | 33 | 41 | |
| Amount (Thousands of Euros) | |||
| Total payments made | 2,605 | 2,468 | |
| Total payments outstanding | 492 | 427 |
The data shown in the foregoing table in relation to payments to suppliers relate, pursuant to the ICAC Resolution, to commercial transactions relating to goods supplied and services provided since the entry into force of Law 31/2014, of 3 December.
Suppliers, solely for the purpose of disclosing the information provided for in this Resolution, are considered to be trade creditors for the supply of goods and services and are included under "Payables from Group companies and associates" and "Other accounts payables" in the accompanying statement of financial position.
"Average Payment Period to Suppliers" is understood to be the period between the supply of the goods or the provision of the services on the supplier's account and the effective payment of the transaction.
The maximum payment period applicable to the Spanish consolidated companies under Law 3/2004, of 29 December, on combating late payment in commercial transactions, is 30 days. This period may be extended by agreement between the parties, but under no circumstances should be superior to 60 natural days (same legal period in 2021).
However, most of the pending payment at year end has been paid during the first two months of the year 2023.
In accordance with the requirements established in Law 18/2022 of 28 September 2022, which modified Law 3/2004, of 29 December 2004, the Management has proceeded to calculate the number of invoices paid in a period lower than the maximum established in the regulations. As of 31 December 2022, 486 invoices were paid for a total of EUR 1,402 thousand. These invoices represent 79% of all the invoices paid during the fiscal year.
In 2022 no transactions outside the course of the Company's ordinary business operations arose which required the amendment or early extinguishment of any agreement between the Company and any of its directors or persons acting on their behalf.
In 2023 and until the date of authorisation for issue of these financial statements, no relevant events took place other than those already included in these financial statements that should be included in, modify or significantly affect, these financial statements for 2022.
These financial statements are presented on the basis of the regulatory financial reporting framework applicable to the Company (see Note 2.1). Certain accounting practices applied by the Company that conform with that regulatory framework may not conform with other generally accepted accounting principles and rules.
Translation of financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Company. This translation has been prepared by the Company for informative purposes only, has not been approved by the Board of Directors and has not the consideration of official or regulated information. In the event of a discrepancy, the Spanish-language version prevails.
Translation of a report originally issued in Spanish. In the event of a discrepancy, the Spanish-language version prevails.
Directors' Report for the year ended 31 December 2022
Formally prepared by the Directors of Applus Services, S.A. in relation to the year ended 31 December 2022.
We are pleased to submit to you this report on the Company's performance in 2022 and on its progress up to the present date.
Profit before taxes has been lower compared to 2021, due to less income received from dividends.
The rest of items in the statement of profit or loss do not show significant variations.
The Board of Directors will propose to the shareholders in the General Annual Meeting a dividend of 16 cents per share (2021: 15 cents per share). This is equivalent to EUR 21.7 million (2021: EUR 21.5 million). The amount finally paid will depend on the number of shares outstanding (excluding treasury stock) that are entitled to receive it on the date on which the corresponding payment occurs.
The financing agreement on the syndicated bank debt of the group is sufficient to ensure the liquidity needs in the medium and long term.
The main risks to which the Company is exposed are those typically faced by a holding company and the industry in which its subsidiaries operate.
The policy of the Directors is to take decisions that they may consider appropriate in order to mitigate any kind of risk related to the Company's activities.
At 31 December 2022, the Company holds a total of 2,227,423 treasury shares at an average cost of EUR 6.34 per share. The value of these treasury shares amounted to EUR 14,177 thousand.
At 31 December 2021, the Company held a total of 408,098 treasury shares at an average cost of EUR 8.40 per share. The value of these treasury shares amounted to EUR 3,427 thousand.
The Group policy establishes the use of financial derivatives to eliminate or significantly reduce certain interest rate and foreign currency risks relating to its assets if needed. The Company does not hold any derivative financial instruments at the end of 2022.
In 2023 and until the date of authorisation for issue of the accompanying financial statements, no relevant events took place other than those already included in Note 13 of the Annual Accounts report that should be included in, modify or significantly affect, the accompanying financial statements for 2022.
Information on deferred payments made to suppliers is detailed in Note 12.3 of the Annual Accounts report for the year ended 31 December 2022.
The Annual Corporate Governance Report for the year 2022 is included in the consolidated Directors' Report of Applus Services, S.A., in accordance with the provisions of Article 49.4 of the Commercial Code and in accordance with Article 538 of the Capital Companies Law. Likewise, this report will be available from the publication of these accounts on the Applus Group website and on the website "Comisión Nacional de Mercado de Valores (CNMV)".
The Annual Directors' Remuneration Report for the year 2022 is included in the consolidated Directors' Report of Applus Services, S.A., in accordance with Article 538 of the Capital Companies Law. Likewise, this report will be available from the publication of these accounts on the Applus Group website and on the website "Comisión Nacional de Mercado de Valores (CNMV)".
www.cnmv.es
www.applus.com
| Ow ship ner Gro up c |
inte rest he ld b y ies: om pan |
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|---|---|---|---|---|---|---|
| Nam e |
Reg iste red off ice |
Lin f bu sin e o ess |
Act ive / In ive act |
Dire ct |
Ind irec t |
Met hod ed to t us acc oun the inv est nt me |
| App lus Ser vici os T ológ icos , S. L.U ecn |
Cal le C o 1 , ed ificio 3, Par Em ial Las Me rced am pez que pre sar es, Mad rid ( Spa in) |
Hol ding com pan y |
Act ive |
100 % |
- | Full lida tion co nso |
| Libe rtyto RE, SA wn |
23 Mo nter L-2 163 (L mbu rg) ave nue ey, uxe |
Cap tive rei nsu ran ce c om pan y |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Iteu ve A ntin a, S .A. rge |
Rec uist a 6 61 – P iso 2, C 1 003 Ci uda d d e B Aire onq uen os s (Arg ina) ent |
Veh icle dwo rthin tes ting roa ess |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus San ta M aria de l Bu en A , S. A. yre |
Jur isdi cció n de la C iuda d a utón de Bue Air es ( Arg ent ina) oma nos |
Rig ht a nd plia of the obli ions ding pub lic gat to com nce co rres pon ices ions elat ing to the obli gato Tec hnic al serv c onc ess r ry Ver ifica tion of V ehic les |
Act ive |
- | 100 % |
Full lida tion co nso |
| y, S App lus Uru .A. gua |
Gua º 17 (Ur ay) yab 18, ritor io 5 05 Mon tevi deo os n esc ugu |
Veh icle dwo rthin tes ting roa ess |
Act ive |
- | % 100 |
Full lida tion co nso |
| Rev isio Téc nica App lus del nes s Ecu ado r Ap plus iteu S.A ve, |
Avd a P atria nº E4- 41 Inte ción Av da Am ed ifici o P atria rsec azo nas Piso 10 Ofic ina 01, Pich inch a, Q uito (Ec uad or) |
Veh icle dwo rthin tes ting roa ess |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Iteu ve B rasi l Se rviç os L TDA |
Cj. 2ª a r, S Sao Ave nida Pa ulis ta 7 26, 120 7, 1 nda ala 36, Pa ulo (Bra zil) |
Hol ding com pan y |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Tec hno logi Inc. es, |
322 5 G ay R oad , Su ite 4 50, Bro okfi eld, WI 53 045 (US A) atew |
Veh icle dwo rthin ting tes roa ess |
Act ive |
- | 100 % |
Full lida tion co nso |
| Jan x H oldi Inc ng, |
3 S r Cr eek Ce Blv d. S uite 600 Su La nd, TX 774 78 ( USA ) nter uga gar |
Cer tific atio rvic hro ugh n-d ucti esti es t estr ve t n se no ng |
Act ive |
- | 100 % |
Full lida tion co nso |
| Jan X-R AY Ser vice s, In c. |
3 S r Cr eek Ce Blv d. S uite 600 Su La nd, TX 774 78 ( USA ) nter uga gar |
Cer tific atio rvic hro ugh n-d ucti esti es t estr ve t n se no ng |
Act ive |
- | 100 % |
Full lida tion co nso |
| Libe USA 1, Inc. rtyto wn |
615 , Du t Hi ghw Ken t Co Do , Sta f De law (US A) unty te o pon ay, ver are |
Hol ding com pan y |
Act ive |
- | 100 % |
Full lida tion co nso |
| Libe rtyto USA Fin Inc. wn co, |
615 , Du t Hi ghw Ken t Co unty Do , Sta te o f De law (US A) pon ay, ver are |
Hol ding com pan y |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Iteu ve T ech nolo S.L .U gy, |
Cal le C o 1 , ed ificio 3, Par Em ial Las Me rced am pez que pre sar es, Mad rid ( Spa in) |
Veh icle dwo rthin tes ting roa ess |
Act ive |
- | 100 % |
Full lida tion co nso |
| IDIA DA Aut tive Te chn olog y, S .A omo |
L'A lbor , s/n PO BO X 2 0,43 710 Sta Oli Tar (Sp ain) nar va. rag ona |
Eng inee ring , tes ting d ce rtific atio an n |
Act ive |
- | 80% | Full lida tion co nso |
| S.A App lus Arg ent ina, |
Rec uist a 6 61 – P iso 2, C 1 003 Ci uda d d e B Aire onq uen os s (Arg ent ina) |
Hol ding com pan y |
Act ive |
- | % 100 |
Full lida tion co nso |
| IDIA DA Fah gtec hnik , Gm bH. rzeu |
Man fred Ho chs tatte r St e 2 , 85 055 Ing olst adt (Ge ny) rass rma |
Eng inee ring , tes ting d ce rtific atio an n |
Act ive |
- | 80% | Full lida tion co nso |
| CTA G-Id iada Sa fety Te chn olog y, S .L. |
Pol ígon o A Gr a, P las 249 -25 0. 3 641 0 P orri ño, Pon teve dra anx arce (Sp ain) |
Eng inee ring ting d ce rtific atio , tes an n |
Act ive |
- | 40% | Full lida tion co nso |
| App lus Chi le, S .A. |
Ave nida Am éric o V ucio 74 3 - Hue chu rab San tiag o d e C hile esp a - (Ch ile) |
Veh icle dwo rthin ting tes roa ess |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Iteu Eus kad i, S .A., Soc ieda d ve Uni al per son |
Pol ígon o U gald I Pa rcel a 8, 487 10 Z udio , Viz a (S pain ) egu ren am cay |
Veh icle dwo rthin tes ting roa ess |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Rev isio Té cnic de Chi le, nes as S.A |
Ave nida Am éric o V ucio 74 3 - Hue chu rab San tiag o d e C hile esp a - (Ch ile) |
Veh icle dwo rthin tes ting roa ess |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Dan k, A /S mar |
Høj e T trup Bo ulev ard 23, 2th , 26 30 T trup (De rk) aas aas nma |
Veh icle dwo rthin tes ting roa ess |
Act ive |
- | 100 % |
Full lida tion co nso |
| CZ, A.S IDIA DA |
0/8 vé ( Cze ) Pra zsk a 32 ,500 04 , Hr ade c K rálo ch R blic epu |
rtific Eng inee ring , tes ting d ce atio an n |
Act ive |
- | 80% | Full lida tion co nso |
| Insp ió T ècn ica de veh icle s i s is, ecc erve S.A |
Ctra de Bixe rri s /n, A ixov all A D60 0 (A ndo rra) ssa |
Veh icle dwo rthin tes ting roa ess |
Act ive |
- | 50% | Full lida tion co nso |
| Idia da Aut tive T ech nolo Indi omo gy a PVT , ltd |
4, 'B or, S Uni t No . 30 ' Wi 3rd Flo ai R adh e B uild ing, 100 -10 1, R aja ng, Bah adu r M ill R oad , Of f Ke dy R oad , Pu ne 4 110 01 (Ind ia) nne |
Eng inee ring , tes ting d ce rtific atio an n |
Act ive |
- | 80% | Full lida tion co nso |
| Sha ngh ai IDIA DA Aut tive omo Tec hno logy Se rvic es C Ltd o., |
g 2 3, 3 999 Juc hen g P ione er P ark , Bu ildin Xiu Pu Ro ad, Nan Hu i 201 315 Sh hai (Pu don g D istri ct) (Ch ina) ang |
Eng inee ring , tes ting d ce rtific atio an n |
Act ive |
- | 80% | Full lida tion co nso |
| App lus Eus kad i Ho ldin g, S .L.U |
Pol ígon o U gald , 1 p la 8 , Za mud io, V izca ya ( Spa in) egu ren arce |
Hol ding com pan y |
Act ive |
- | 100 % |
Full lida tion co nso |
| Ow ship ner Gro up c |
inte rest he ld b y ies: om pan |
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|---|---|---|---|---|---|---|
| Nam e |
Reg iste red off ice |
Lin f bu sin e o ess |
Act ive / In act ive |
Dire ct |
Ind irec t |
Met hod ed to a unt us cco the inv est nt me |
| App lus Car Te stin g S ice, Ltd erv |
, Cit Ca 302 6 La ked rive st B usin s, N Ro ad, Dub lin 2 4 ywe ess mpu aas (Ire land ) |
Veh icle dwo rthin tes ting roa ess |
Act ive |
- | 100 % |
Full lida tion co nso |
| Idia da T olog ia A utom otiv a, L tda ecn |
Av. Se nad or V ueir o, 2 123 – M Ze ro T 22n d. F loor erg arco owe r – , Sao Be rdo do Cam 097 50- 001 (Br azil ) rna po, |
rtific Eng inee ring , tes ting d ce atio an n |
Act ive |
- | 80% | Full lida tion co nso |
| Idia da A utom otiv e T ech nolo gy U K, L td. |
St Geo Wa Ber mud Indu stria l E stat Nun eato rge s y a e, n, Wa rwic ksh ire C V10 7JS (U K) |
Eng inee ring , tes ting d ce rtific atio an n |
Act ive |
- | 80% | Full lida tion co nso |
| Sha ngd Idi ada Au tom otiv nd tire ong e a ing und Co , Ltd prov gro |
m 3 02, 1 in g of , So Qi Roo No. dus tria l bu ildin We st J in H ui R oad uth Xia o (C hina ) |
Eng inee ring , tes ting d ce rtific atio an n |
Act ive |
- | 80% | Full lida tion co nso |
| App lus Iteu ve G alic ia, S .L.U |
Ctra . N- VI, Km . 58 2,6 - 15 168 Es pirit u S - S ada , A Cor anto uña (Sp ain) |
Hol ding com pan y |
Act ive |
- | 100 % |
Full lida tion co nso |
| Inve rsio Fin iste S.L nes rre, |
Est ació n I. T.V . de O Esp íritu Sa nto .Ctr a. N -VI, Km . 58 2 1 516 8 Esp iritu Sa nto - Sa da, A C ña ( Spa in) oru |
Hol ding com pan y |
Act ive |
- | 100 % |
Full lida tion co nso |
| Sup isió Con trol , S. A.U erv n y |
Est ació n I. T.V . de O Esp íritu Sa nto .Ctr a. N -VI, Km . 58 2 - 151 68 Esp iritu Sa nto - Sa da, A C ña (Sp ain) oru |
Veh icle dwo rthin ting tes roa ess |
Act ive |
- | 100 % |
Full lida tion co nso |
| Sy C, S RIT EVE .A. |
Lag unil la d e H dia, cie nto cinc ta m etro s al est e d e la Bo mba ere uen Tex (Co sta Ric a) aco |
Veh icle dwo rthin tes ting roa ess |
Act ive |
- | 55% | Full lida tion co nso |
| Insp ione Ava lúos Sy C, S .A. ecc s y |
Her edia , Ca ntón Ce ntra l, D istri to U lloa , La illa, 15 0 m etro te gun s es de la B ba Uno (Co sta Rica ) om |
Veh icle dwo rthin tes ting roa ess |
Act ive |
- | 55% | Full lida tion co nso |
| Idia da Aut tive T ech nolo Rus omo gy , LLC |
Rus sian Fe der atio n, 6 030 04, Nijn iy N d, p ect Len ina, ovg oro rosp 115 (Ru ssia ). |
Eng inee ring , tes ting d ce rtific atio an n |
Act ive |
- | 80% | Full lida tion co nso |
| App lus Idia da Kar co E ngin ing, LL C eer |
927 0 H olly Ro ad. 923 01 A dela . Ca lifor nia (US A) nto |
Eng inee ring ting d ce rtific atio , tes an n |
Act ive |
- | 67% | Full lida tion co nso |
| IDIA DA Aut tive Te chn olog y U SA, omo LLC |
o, C 1 (U SA) 927 0 H olly Ro ad, Ade lant A 9 230 |
rtific Eng inee ring , tes ting d ce atio an n |
Act ive |
- | 80% | Full lida tion co nso |
| Inve rsio y C ertif icac ione s In teg rale nes s SyC , S. A. |
Her edia -He red ia U lloa La illa, cien etro ste de la , en gun a m s e Bom ba Uno (Co Rica ) sta |
Bus ines d m ent ices adv ice s an ana gem serv |
Act ive |
- | 100 % |
Full lida tion co nso |
| on S App lus Insp ecti ices Ire land , Ltd erv |
302 6 La ke d rive , Ci tiwe st b usin , Na as R oad , Du blin 24 ess cam pus (Ire land ) |
Veh icle dwo rthin tes ting roa ess |
Act ive |
- | % 100 |
Full lida tion co nso |
| Idia da A utom otiv e T ech nolo gy M exic o S de RL de CV |
Car (M o) rete ra L ate ral M exic o P ueb la, 7 534 , 72 110 , Pu ebla exic |
rtific Eng inee ring , tes ting d ce atio an n |
Act ive |
- | 80% | Full lida tion co nso |
| Iteu ve C rias , S. L. ana |
Los Ro deo s, C ino de San Lá o, 1 66, 382 06 San Cr isto bal de am zar la L San ta C de T rife (Sp ain) agu na, ruz ene |
Veh icle dwo rthin tes ting roa ess |
Act ive |
- | 100 % |
Full lida tion co nso |
| Iteu Can aria s A rto el M ato rral ve ero pue , S.L |
C/ C ejal Ga rcia Fe úme ro 3 0, L as P alm as d e G Can aria onc o, n ran , Las Pa lma s (S pain ) |
Veh icle dwo rthin ting tes roa ess |
Act ive |
- | 50% | Full lida tion co nso |
| Iteu Indi a P riva te L imit ed ve |
1 & r Gr 2 U d F loor , Ka nch enju Bu ildin g 18 , Ba rakh ba ppe oun nga am Roa d, C ht P lace Ne w D elhi 11 000 1 (In dia) onn aug |
Veh icle dwo rthin tes ting roa ess |
Act ive |
- | 100 % |
Full lida tion co nso |
| Bes ikta Bil ning i Sv erig e H oldi ng A B prov |
LMÖ Käl lvat ten gata n 7 , SE - 21 2 23 MA (Sw ede n) |
Veh icle dwo rthin tes ting roa ess |
Act ive |
- | 100 % |
Full lida tion co nso |
| Bes ikta Bil ning i S ige AB prov ver |
LMÖ Käl lvat , SE - 21 2 23 MA (Sw ede n) ten gata n 7 |
Veh icle dwo rthin ting tes roa ess |
Act ive |
- | 100 % |
Full lida tion co nso |
| CR pplu s S ices Co sta Rica S.A erv |
Pro vinc ia d e H dia, ntón He red ia, dist rito Ullo ien met ere ca a, c ros Est e de la e stac ion de s icio UN O, o ficin ent rale s de l Co untr erv as c y Man r (C osta Ric a) age |
Gen l tra ding act ivity era |
Act ive |
- | 100 % |
Full lida tion co nso |
| Ow ship ner Gro up c |
inte rest he ld b y ies: om pan |
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|---|---|---|---|---|---|---|
| Nam e |
Reg iste red off ice |
Lin f bu sin e o ess |
Act ive / In ive act |
Dire ct |
Ind irec t |
Met hod ed to a unt us cco the inv est nt me |
| App lus Iteu ve M exic o, S A d e C V |
Ave nida Cr isto bal Col 508 1, B alco de Sa Mar ía, San nta on, nes Ped ro T laqu , 45 606 Ja lisc o ( Mex ico) epa que |
Veh icle dwo rthin tes ting roa ess |
Act ive |
- | 100 % |
Full lida tion co nso |
| , S. Ent idad IDV Ma drid L.U |
Car C/ (Sp ain) Pol . El rale Fre 12 M ajad aho nda ro - sa, |
Veh icle dwo rthin tes ting roa ess |
Act ive |
- | % 100 |
Full soli dat ion con |
| ZYX Me trol S.L .U. ogy |
Tor re M ate u nº 29 , de Rip olle t (S pain ) |
Per form ing inee ring , ind ustr ial m etro logy libra tion d le gal eng , ca an met rolo ices gy s erv |
Act ive |
- | 95% | Full lida tion co nso |
| Rel iabl e A naly sis Inc. |
322 01 N. A vis Driv e, M adis Hei ghts , MI 48 071 (US A) on |
tific fiel f EM C, e Tes ting and atio n in the ds o lect rica l co ts, cer mpo nen -ele ctric al c ents d m ate rials fo rigin al e quip t non om pon an r o men ufac ture nd t heir ppli man rs a su ers |
Act ive |
- | 100 % |
Full lida tion co nso |
| Rel iabl e A naly sis (Sh hai) Inc ang |
12A , La 136 5, K qiao Ea st R oad , Ka iao Indu stria l Zo ne ang ngq ne, Pud Ne w A , Sh hai (Ch ina) ong rea ang |
Tes ting and tific atio n in the fiel ds o f EM C, e lect rica l co ts, cer mpo nen -ele ctric al c ents d m ate rials fo rigin al e quip t non om pon an r o men ufac ture nd t heir ppli man rs a su ers |
Act ive |
- | 100 % |
Full lida tion co nso |
| Sha ngh ai R elia ble Tes ting Te chn olog y Ltd |
Bui ldin , N o.45 0 Y inxi Ro ad, Jiut ing Tow n, S jian g D istri g 5 ct, ong Sha ngh ai ( Chi na) |
Tes ting and tific atio n in the fiel ds o f EM C, e lect rica l co ts, cer mpo nen -ele ctric al c ents d m ate rials fo rigin al e quip t non om pon an r o men ufac ture nd t heir ppli man rs a su ers |
Act ive |
- | 100 % |
Full lida tion co nso |
| QP S E valu atio n S ices Inc erv |
8-8 1 K elfie ld S tree t, T nto , On tario , M9 W 5 A3 (Ca nad a) oro |
Tes ting rtific atio n, f ield alua tion d o the late d s ices to , ce ev an r re erv ble tom to t t heir gula tory atio nal and ena cus ers mee re , n inte iona l req uire ts, i nclu ding but lim ited hos late d rnat not to t men e re to t he p rod uct safe ty o f ele ctric al & ele ctro nic ipm ent equ |
Act ive |
- | 100 % |
Full lida tion co nso |
| QP S A ica, Inc mer |
1 C d, S 227 ent revi lle Roa uite 40 0, W ilmi ngto n, D elaw , 19 808 are (US A) |
Tes ting rtific atio n, f ield alua tion d o the late d s ices to , ce ev an r re erv ble tom to t t heir gula tory atio nal and ena cus ers mee re , n inte rnat iona l req uire ts, i nclu ding but not lim ited to t hos late d men e re to t he p rod uct safe ty o f ele ctric al & ele ctro nic ipm ent equ |
Act ive |
- | 100 % |
Full lida tion co nso |
| QP S E pe B .V. uro |
Ber n D alse g 12 2, 6 522 BW Nij en ( The Ne the rlan ds) g e wer meg |
Tes ting rtific atio n, f ield alua tion d o the late d s ices to , ce ev an r re erv ble tom to t t heir gula tory atio nal and ena cus ers mee re , n inte rnat iona l req uire ts, i nclu ding but not lim ited to t hos late d men e re to t he p rod uct safe ty o f ele ctric al & ele ctro nic ipm ent equ |
Act ive |
- | 100 % |
Full lida tion co nso |
| Co a, S AS App lus Inge nier ia y ltori nsu |
Cal (Co bia) le 1 7, n úm . 69 -46 Bo gotá lom |
Civ il en gine erin nd sult ing ices in il an d ro ad g a con serv ene rgy , ra infra stru ctur buil ding itati and ply and e, san on sup , tele icat ions com mun |
Act ive |
- | 88% | Full lida tion co nso |
| e ( Sha ai) Scie ntifi Rel iabl ngh c T esti ng Co. , Ltd |
Qin Bui ldin g 1 , No . 12 88, Hua ten g R oad , Hu axin To Dis trict wn, gpu , Sha ngh ai ( Chi na) |
Cer tific atio rvic insp ecti nd t esti ices n se es, on a ng s erv |
Act ive |
- | 100 % |
Full lida tion co nso |
| IMA Mat eria lfors chu und ng Anw end hnik Gm bH stec ung |
Wil helm ine- Rei cha rd-R ing 4, 0 110 9 D resd (Ge ny) en rma |
ific e fie Ren der s te chn ical and sci ent ices and ch, in th lds serv res ear of m ate rials tes ting ts, s truc tura l an d pr odu ct te stin d , co mpo nen g an insp ecti rtific atio nd cali bra tion in l. D lopm ent ons , ce n a gen era eve and dis trib utio n of sof twa nd d ata bas es f ate rial and tes ting re a or m lica tion app |
Act ive |
- | 100 % |
Full lida tion co nso |
| WIA M G mb H |
Wil helm ine- Rei cha rd-R ing 4, 0 110 9 D resd (Ge ny) en rma |
Dev elop d c cial izat ion of s oftw hno logy d t an tec men om mer are an soft rod ucts . Co ializ atio n of lice s of rig hts of u f war e p mm erc nse se o soft e te chn olog ies. war |
Act ive |
- | 100 % |
Full lida tion co nso |
| SW M Stru ktur und - We rkst offm ech anik fors chu Dre sde ng n einn ützi Gm bH gem ge |
Wil helm ine- Rei cha rd-R ing 4, 0 110 9 D resd (Ge ny) en rma |
Con duc ts r h in the f te chn ical cha nics ially ese arc are a o me , es pec stru ctur al a nd m ech anic s of teria l. ma |
Act ive |
- | 100 % |
Full lida tion co nso |
| Ow ship ner Gro up c |
inte rest he ld b y ies: om pan |
|||||
|---|---|---|---|---|---|---|
| Nam e |
off Reg iste red ice |
f bu Lin sin e o ess |
/ In Act ive act ive |
Dire ct |
Ind irec t |
Met hod ed to a unt us cco the inv est nt me |
| Ene rtis Sol S.L .U. ar, |
Cal le C ificio o 1 , ed 3, Par Em ial Las Me rced am pez que pre sar es, Mad rid ( Spa in) |
Eng inee ring lting , te stin nd insp ecti ices , co nsu g a on serv co mpa ny for the isio f q uali ty c ont rol and fo r th olar prov n o as sura nce e s pho tovo ltaic ind ustr y |
Act ive |
- | 100 % |
Full lida tion co nso |
| Ene rtis UK Lim ited |
6th Floo r 9 A ld S tree t, E C2A 2A P, L ond (UK ) ppo on |
Eng inee ring lting stin nd insp ecti ices , te , co nsu g a on serv co mpa ny for the isio f q uali ty c ont rol and fo r th olar prov n o as sura nce e s pho tovo ltaic ind ustr y |
Act ive |
- | 100 % |
Full lida tion co nso |
| Ene rtis Sol Inc ar, |
230 Ca lifor nia Stre et, Sui te 5 08, 941 11, San Fra ncis Cal iforn ia co, (US ) |
Eng inee ring lting stin nd insp ecti ices , te , co nsu g a on serv co mpa ny for the isio f q uali ty c ont rol and fo r th olar prov n o as sura nce e s pho tovo ltaic ind ustr y |
Act ive |
- | 100 % |
Full lida tion co nso |
| Ene rtis Mex ico S.A . de C.V |
Ham bur go 2 13- 15 D ach o C , 06 600 , Ci uda d de Me xico (M exic o) esp |
Eng inee ring lting , te stin nd insp ecti ices , co nsu g a on serv co mpa ny for the isio f q uali ty c ont rol and fo r th olar prov n o as sura nce e s pho tovo ltaic ind ustr y |
Act ive |
- | 100 % |
Full lida tion co nso |
| Ene rtis Col bia S.A .S. om |
Cal le 9 8 # 10- 32 O ficin a 30 2,B tá D .C ( Col bia) ogo om |
Eng inee ring lting , te stin nd insp ecti ices , co nsu g a on serv co mpa ny for the isio f q uali rol and fo r th olar ty c ont prov n o as sura nce e s pho tovo ltaic ind ustr y |
Act ive |
- | 100 % |
Full lida tion co nso |
| Chi le, S Ene rtis pA |
Nue de Lyo n 1 45 ofic ina 503 , Pr ovid ia, San tiag o d e C hile va enc (Ch ile) |
Eng inee ring lting , te stin nd insp ecti ices , co nsu g a on serv co mpa ny for the isio f q uali rol and fo r th olar ty c ont prov n o as sura nce e s pho tovo ltaic ind ustr y |
Act ive |
- | 100 % |
Full lida tion co nso |
| S.A .S. Ene rtis |
º C (Ar ) Uru y 46 9 10 101 5, B os A ires tina gua uen gen |
Eng inee ring lting , te stin nd insp ecti ices , co nsu g a on serv co mpa ny for f q fo the isio uali ty c ont rol and r th olar prov n o as sura nce e s pho tovo ltaic ind ustr y |
Act ive |
- | % 100 |
Full lida tion co nso |
| Ene rtis Sou th A frica (PT Y) L td |
1st floo ntio n to CN R H rach t & wal ter sisu lu r co nve wer s - eer eng stre ets - 80 01 - Ciu dad de l Ca bo ( Rep ubli c of So uth Afri ca) |
Eng inee ring lting , te stin nd insp ecti ices , co nsu g a on serv co mpa ny for the isio f q uali ty c ont rol and fo r th olar prov n o as sura nce e s pho ltaic ind tovo ustr y |
Act ive |
- | 100 % |
Full lida tion co nso |
| Ene rtis AM Ch ile, SpA |
Nue de Lyo n 1 45 ofic ina 503 , Pr ovid ia, San tiag o d e C hile va enc (Ch ile) |
Eng inee ring lting , te stin nd insp ecti ices , co nsu g a on serv co mpa ny for the isio f q uali ty c ont rol and fo r th olar prov n o as sura nce e s pho ltaic ind tovo ustr y |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Org anis de C ont rol, S.L .U. mo |
Car rete Nac iona l N -VI, Km . 58 2,6 , 15 168 Sad a, A Co ruñ ra a – (Sp ain) |
Insp ecti lity and ant ity c ont rol a nd r lato ry in ctio on, qua qu egu spe n |
Act ive |
- | 95% | Full lida tion co nso |
| Ligh tshi p S rity, Inc ecu |
150 Isa bell a S ite 1 101 . Ot a, O io, K 2S 1V7 (Ca nad a) tree t, su taw ntar |
Cer tific atio d cy bers rity ing test n an ecu |
Act ive |
- | 100 % |
Full lida tion co nso |
| Ligh tshi p S rity USA , IN C ecu |
251 Lit tle Fall s D rive , W ilmi n, N Cas tle Del 198 08 ngto ew awa re, (US A) |
Cer tific atio d cy ber urity tes ting n an sec |
Act ive |
- | 100 % |
Full lida tion co nso |
| Alp e M etro logí a In dus tria l, S .L.U |
Ave nida de lo s D ntes de Na núm 8, Baj o,3 119 5 ona var ra, ero (Sp ain) Ber rioz Nav ar, arra |
Indu stria l ca libra tion |
Act ive |
- | 95% | Full lida tion co nso |
| Indo or C lima te M ent S.L ana gem |
Ave nida Vía Au ta, núm 15 -25 , 08 174 Sa nt C t de l Va llés gus ero uga , Bar celo na ( Spa in) |
Pro visi f en y ef ficie d co ltan ices on o erg ncy an nsu cy s erv |
Act ive |
- | 30% | Equ ity m etho d |
| App lus Cer tific ació n ID I, S .L.U |
Cal le C o 1 , Po lígo Indu stria l La s M des C. P. 2 802 2 am pez no erce Mad rid ( Spa in) |
Eva luat ion and rtific atio ce n |
Act ive |
- | 100 % |
Full lida tion co nso |
| JTS EC Bey ond IT Sec urity , S. L. |
Av. de la C tituc ión, 20 , Of icin a 20 8, 1 801 2 G ada (S pain ) ons ran |
Cer tific atio d cy ber urity tes ting n an sec |
Act ive |
- | 100 % |
Full lida tion co nso |
| K2 ía S .A.S Inge nier |
Car 36 36 -26 /28 a, S r (C bia) No. , B anta nde olom rera uca ram ang |
Eng inee ring d ot her sult ing acti vitie an con s |
Act ive |
- | 100 % |
Full lida tion co nso |
| AIT E S olut ions S.A .S. |
Ave nida Lo s B 60 – 3 19, Blo 5 - 50 1, B uca ros que uca ram ang a, San (Co bia) tan der lom |
Act iviti es f or t he d lopm ent of in form atio stem s (p lani fica tion eve n sy , ng) lyis is, d esig min nd t esti ana n, p rog ram g a |
Act ive |
- | 100 % |
Full lida tion co nso |
| LGA I Te chn olog ical , Ce , S. A. nter |
Cam de la UAB ,Ro nda de la Fon t d el C s/n, 08 193 pus arm e, Bel late Cer dan yola de l Va llès . Ba rcel (Sp ain) rra- ona |
Cer tific atio n |
Act ive |
- | 95% | Full lida tion co nso |
| Ow ship inte ner Gro up c |
rest he ld b y ies: om pan |
|||||
|---|---|---|---|---|---|---|
| Nam e |
Reg iste red off ice |
Lin f bu sin e o ess |
Act ive / In act ive |
Dire ct |
Ind irec t |
Met hod ed to a unt us cco the inv est nt me |
| App lus Méx ico, S.A . de C.V |
Blvd . M el A vila Ca ho 184 , Pi so 4 -A, Col . Re form a S ocia l, anu mac C.P . (M o) . 11 650 Mé xico D.F exic |
Qua lity dit a nd c ertif icat ion tem sys au |
Act ive |
- | 95% | Full lida tion co nso |
| LGA I Ch ile, S.A |
Alb erto He nck el 2 317 , Pr ovid ia, S ant iago de Chi le (C hile ) enc |
Qua lity tem dit a nd c ertif icat ion sys au |
Act ive |
- | 95% | Full lida tion co nso |
| App lus Cos ta R ica, S.A |
Ofic ent ro E jecu tivo La Sab , Ed ifici o 6 , 4 p iso, Sa n Jo sé ( Cos ta ana Rica ) |
Qua lity dit a nd c ertif icat ion tem sys au |
Act ive |
- | 95% | Full lida tion co nso |
| App lus Nor trol S.L Soc ieda d con , ., Uni al per son |
Crta . Na cion al V I-Km 58 2, 1 516 8, S ada , A Cor uña (Sp ain) |
Insp ecti lity trol and sult rvic on, qua con con anc y se es |
Act ive |
- | 95% | Full lida tion co nso |
| Nov otec C ulto , S .A., So cied ad ons res Uni al per son |
Cal le C o 1 , ed ificio 3, Par Em ial Las Me rced am pez que pre sar es, Mad rid ( Spa in) |
Ser vice late d to ality d sa fety in indu stria l pla nts, bu ildin s re qu an gs, etc. |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Pan amá , S. A |
Cal le J acin to P alac ios Cob Edif icio 22 3, p iso 3, l les A y C, os, oca Ciu dad de l Sa ber ; Cl ayto n, C iuda d de Pa á (P ma) nam ana |
Cer tific atio n |
Act ive |
- | 95% | Full lida tion co nso |
| App lus Nor trol Pan amá , S. A. con |
Cal le J acin to P alac ios Cob Edif icio 22 3, p iso 3, l les A y C, os, oca Ciu dad de l Sa ber ; Cl ayto n, C iuda d de Pa á (P ma) nam ana |
Insp ecti lity trol and sult rvic on, qua con con anc y se es |
Act ive |
- | 95% | Full lida tion co nso |
| Chi le, S Nor trol .A. con |
º 64 9, S Chi le (C ) Agu stin as N 0, P iso ant iago de hile |
Insp ecti lity trol and sult rvic on, qua con con anc y se es |
Act ive |
- | 95% | Full lida tion co nso |
| Nor trol Insp ión, S. A. de C.V con ecc . – Méx ico |
Blvd . M el A vila Ca ho 184 , Pi so 4 -B, Col . Re form a S ocia l, anu mac C.P . 11 650 Mé xico , D. F (M exic o) |
Insp ecti lity trol and sult rvic on, qua con con anc y se es |
Act ive |
- | 95% | Full lida tion co nso |
| App lus Nor trol Gua tem ala, S.A con |
Car Sal San Cat Km 1 4,5 rete El vad ta arin Pín ula ra a or, a (Gu ate mal a) |
Insp ecti lity trol and sult rvic on, qua con con anc y se es |
Act ive |
- | 95% | Full lida tion co nso |
| App lus Nor trol Col bia, Ltd con om a |
Cal le 1 7, n úm . 69 -46 Bo gotá (Co lom bia) |
Insp ecti lity trol and sult rvic on, qua con con anc y se es |
Act ive |
- | 96% | Full lida tion co nso |
| S.A Nor trol Nica con rag ua, |
Col onia Lo s R oble Km . 6 ,500 C tera M Man s, arre asa ya, agu a (Nic ) ara gua |
Insp ecti lity trol and sult rvic on, qua con con anc y se es |
Act ive |
- | 95% | Full lida tion co nso |
| Rön tge n T ech nisc he D iens t Ho ldin g B V |
Del ftwe g 14 4, 3 046 NC Ro tter dam (Th e N ethe rlan ds) |
Hol ding com pan y |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Cze ch R blic epu , s.r .o. |
U S tad ionu 89 , 53 0 02 Pa rdu bice (Cz ech Re pub lic) |
Cer tific atio rvic es t hro ugh n-d estr ucti ve t esti n se no ng |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus RTD De utsc hlan d in ktio spe ns Ges ells cha ft, G mbh |
ße 34 489 (Ge ny) Indu strie stra b, 4 4 B och um rma |
Cer tific atio rvic es t hro ugh n-d estr ucti ve t esti n se no ng |
Act ive |
- | 100 % |
Full lida tion co nso |
| Rön tge n T ech nisc he D iens t B. V. |
Del ftwe g 14 4, 3 046 NC Ro tter dam (Th e N ethe rlan ds) |
Cer tific atio rvic es t hro ugh n-d estr ucti ve t esti n se no ng |
Act ive |
- | 100 % |
Full lida tion co nso |
| RTD Qu ality Se rvic Inc (Ca nad a) es, |
550 4 3 6 S t NW , Ed , AB T6 B 3 P3 (Ca nad a) ton mon |
Cer tific atio rvic hro ugh n-d ucti esti es t estr ve t n se no ng |
Act ive |
- | 100 % |
Full lida tion co nso |
| RTD Qu ality Se rvic es N iger ia L td. |
Wa rri B oat Yar d, 2 8 W arri /Sa pele Ro ad, Wa rri, D elta Sta te ( Nig eria ) |
Cer tific atio rvic es t hro ugh n-d estr ucti ve t esti n se no ng |
Act ive |
- | 49% | Full lida tion co nso |
| US App lus RTD A, I nc. |
3 S r Cr Ce d. S 600 Su 78 ( USA ) eek nter Blv uite La nd, TX 774 uga gar |
Cer tific atio rvic es t hro ugh n-d estr ucti ve t esti n se no ng |
Act ive |
- | 100 % |
Full lida tion co nso |
| RTD Ho ldin g D euts chla nd, Gm bh |
Indu strie str. 34. D-4 489 4, B och (Ge ny) um rma |
Hol ding com pan y |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus RTD PT E, L td ( Sin ) gap ore |
TO 521 BU KIT BA K S TRE ET 23, 05 - 0E , 65 954 4, S inga por e |
Cer tific atio rvic es t hro ugh n-d estr ucti ve t esti n se no ng |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Col bia, Ltd om a. |
Cal le 1 7, n úm 69- 46, Bog otá (Co lom bia) |
Cer tific atio n |
Act ive |
- | 95% | Full lida tion co nso |
| App lus (Sh ai) Qua lity insp ecti Co, ang on Ltd |
Juc hen g In dus tria l Pa rk, Bui ldin g 2 3, 3 999 Xiu Pu Rd , N Hui an , Sha ngh ai 2 013 15 ( Chi na) |
Insp ecti ices in lity odu ctio on serv qua pro ces ses , pr n p roce sse s, tech nica l as sist nd c ulta anc e a ons ncy |
Act ive |
- | 95% | Full lida tion co nso |
| App lus PTY , Ltd (Au stra lia) |
94 Dis Driv e, B ibra La ke W A 6 163 (Au stra lia) cov ery |
Cer tific atio rvic es t hro ugh n-d estr ucti ve t esti n se no ng |
Act ive |
- | 100 % |
Full lida tion co nso |
| Arc tosa Ho ldin g, B .V. |
ftwe g 14 4, 3 046 NC (Th ds) Del Ro tter dam e N ethe rlan |
Hol ding com pan y |
Act ive |
- | 100 % |
Full lida tion co nso |
| Ow ship inte ner Gro up c |
he ld b rest y ies: om pan |
|||||
|---|---|---|---|---|---|---|
| Nam e |
Reg iste red off ice |
Lin f bu sin e o ess |
Act ive / In act ive |
Dire ct |
Ind irec t |
Met hod ed to a unt us cco the inv est nt me |
| Libe rtyto USA 2, Inc. wn |
3 S r Cr eek Ce nter Blv d. S uite 600 Su La nd, TX 774 78 ( USA ) uga gar |
Hol ding com pan y |
Act ive |
- | 100 % |
Full lida tion co nso |
| Libe rtyto Aus tral ia, P TY, Ltd wn |
94 A 6 163 (Au lia) Dis Driv e, B ibra La ke W stra cov ery |
Hol ding com pan y |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus UK, Ltd |
Uni t 2, Bloc ks C and D, We st M ains Ind ustr ial E stat e, G out h, ran gem E, S (UK ) FK3 8Y cotl and |
Cer tific atio rvic hro ugh n-d ucti esti es t estr ve t n se no ng |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus RTD SP , z.o .o. |
da Ś Ul. Klo dnic ka 9 7/2 10, 41- 706 Ru ląsk a, P olan d |
Cer tific atio rvic es t hro ugh n-d estr ucti ve t esti n se no ng |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Ene , S. L.U rgy |
Cal le C o 1 , ed ificio 3, Par Em ial Las Me rced am pez que pre sar es, Mad rid ( Spa in) |
Pro visi f ad viso ices d a udit ing in th ecto on o ry s erv an e e ner gy s r |
Act ive |
- | 100 % |
Full lida tion co nso |
| Libe rtyto App lus RTD G wn erm any Gm bh |
Indu strie Str e 34 b, D-4 489 4 B och (Ge ny) ass um rma |
Hol ding com pan y |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Nor trol Mar Sar l con oc, |
IND USP AR C Mod ule N°1 1BD AH L LOG HLA M Rou te de Tit Mel lil Che min Ter tiair e 101 5 Sid i Mou men 204 00, Cas abla (M ) nca oro cco |
Insp ecti lity trol and sult rvic on, qua con con anc y se es |
Act ive |
- | 95% | Full lida tion co nso |
| App lus RTD Gu lf D MC C. |
Uni t No . 15 -PF -13 0, D eta iled Re tail 15, JLT -PH 1-R ET- 15, Jum eira h Lak es T rs, D uba i (U nite d A rab Em irate s) owe |
Cer tific atio rvic es t hro ugh n-d estr ucti ve t esti n se no ng |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Qua litec Ser viço de s Eng enh aria , Ltd a. |
Cid ade de Ib irité , E stad o d e M inas Ge rais Ru a P vale etro , na , dra 01 , lo te 10, inte nte da áre a B , nª 450 , Ba irro Dist rito qua gra Indu stria l Ma rsil, CE P 3 2.4 00- 000 (Br azil ) |
Cer tific atio rvic es t hro ugh n-d estr ucti ve t esti n se no ng |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Lga i Ge Gm bh rma ny, |
Zur Au dsw iede 2, 282 79 Bre (G ) mun men erm any |
Cer tific atio n |
Act ive |
- | 95% | Full lida tion co nso |
| BK We rsto ffte chn ik-P rufs telle Für offe , Gm We rkst bh |
Zur Au dsw iede 2, 282 79 Bre (G ) mun men erm any |
Cer tific atio n |
Act ive |
- | 95% | Full lida tion co nso |
| Rin gal Bra sil I stim ento s, L tda nve |
Cid ade de Ib irité , E stad o d e M inas Ge rais Ru a P etro vale , na , , nª dra 01 , lo te 10, inte nte da áre a B 450 , Ba irro Dist rito qua gra Indu stria l Ma rsil, CE P 3 2.4 00- 000 (Br azil ) |
Hol ding com pan y |
Act ive |
- | % 100 |
Full lida tion co nso |
| Co Ass inco -As oria Ins ntro le, ses peç ao e Ldta |
Rua P etro vale adr a 0 1, lo te 1 0, i nteg rant e d B, n º 45 0, , qu a a rea Blo co 2 - 1 º an dar , Ba irro Dist rito Indu stria l Ma rsil, EP 32 400 -00 0 Cid as G is (B l) ade de Ibiri té, Est ado de Min razi era |
Insp ecti lity trol and sult rvic on, qua con con anc y se es |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Nor trol Per ú, S .A.C con |
Ave nida el Der by, 254 , Of icin a 9 01. Edif icio Lim a C ral Tow ent er. Sur Lim a (P ) co. eru |
Insp ecti lity trol and sult rvic on, qua con con anc y se es |
Act ive |
- | 96% | Full lida tion co nso |
| Kief &As iate s In ner soc c. |
448 0 B ridg y A Sui te D , Co lum bus , Oh io 4 321 9 (U SA) ewa ven ue, |
Cer tific atio rvic es t hro ugh n-d estr ucti ve t esti n se no ng |
Act ive |
- | 100 % |
Full lida tion co nso |
| Joh n D avid & A ciat es P TY, Ltd son sso |
Uni t 9, 78 3 K ings ford Sm ith Driv e, E agle Fa Que land 40 09 rm, ens (Au lia) stra |
Pro visi f ex tive ruitm ent ices on o ecu rec serv |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus PNG Lim ited |
Uni t 11 , Se ctio n 53 , Al lotm 15 & 16 , Um e S t, G ord , Po ent tree rt ons Mor esb y, N atio nal Cap ital Dist rict, (Pa Ne w G uine a) pua |
Pro visi f ex tive ruitm ent ices on o ecu rec serv |
Act ive |
- | 100 % |
Full lida tion co nso |
| PT App lus Ene rgi d Indu stri an |
Ged Po ndo k In dah Off ice Tow er 2 , La ntai 16 , Su ite 1 602 , Ja lan ung Sul tan Iska nda r M uda Ka v. V TA RT 004 RW 00 3 P ond ok Pina ng Keb Lam a, J aka rta Sel ata n 12 310 (In don esia ) ayo ran |
Pro visi of t ech nica l en gine erin nd plan ning ion and rvat on g a , co nse ratio nal ices , te chn ical tr aini and h ope serv ng uma n r eso urce dev elop t men |
Act ive |
- | 0% | Full lida tion co nso |
| Con oría App lus Nor trol sult con e Inge nier ía, S AS |
Cal le 1 7, n úm . 69 -46 Bo gotá (Co lom bia) |
Insp ecti lity trol and ltan ices in the indu stry on, qua con co nsu cy s erv and vice ctor ser s se |
Act ive |
- | 94% | Full lida tion co nso |
| Ow ship inte ner Gro up c |
he ld b rest y ies: om pan |
|||||
|---|---|---|---|---|---|---|
| Nam e |
Reg iste red off ice |
Lin f bu sin e o ess |
Act ive / In act ive |
Dire ct |
Ind irec t |
Met hod ed to a unt us cco the inv est nt me |
| App lus Mon goli a, L LC |
The La ndm ark , 7t h F loor , C hing gis Ave 13, Suk hba ata nue r – Dist rict, Ula anb r (M olia ) aata ong |
Pro visi of hum ulta in th of on an reso urce s c ons ncy e are a uitm , pla dida and rel ated rvic ent ent tes recr cem can se es |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Ara bia L.L .C |
o. 3 215 , Se o. 8 367 Co 135 22, Bui ldin g N dar y N , Po stal de Ana con s Bin Mal ik R oad - A l Ma lqa, Riy adh , Sa udi Ara bia |
Cer tific atio n |
Act ive |
- | 74% | Full lida tion co nso |
| App lus Por al, L da tug |
Com plex o P quí mic o, M Fe io, 7 520 -95 4 S ines (Po al) etro onte rtug |
Insp ecti lity trol and sult rvic on, qua con con anc y se es |
Act ive |
- | 95% | Full lida tion co nso |
| st, S Rin gal Inve .L.U |
Cal le C o 1 , ed ificio 3, Par Em ial Las Me rced am pez que pre sar es, Mad rid ( Spa in) |
Hol ding com pan y |
Act ive |
- | % 100 |
Full lida tion co nso |
| App lus Vel osi DR C, S arl. |
Qua Lub umb ash i, A Lum umb N. 116 3, rtier In dus trie l, ven ue a, Com e K ba ( Con go) mun am pem |
Pro visi f pe t co ntra ct s ices on o rma nen erv |
Act ive |
- | 100 % |
Full lida tion co nso |
| Inge log Con sult s d e I nier ía ore nge y Sist s, S .A. ema |
Agu stin as N º 64 0, P iso 9, S ant iago de Chi le (C hile ) |
Cou ling d c ultin ices in the of e ngin ing, nse an ons g s erv are as eer infra stru ctur nvir ent , etc e, e onm |
Act ive |
- | 100 % |
Full lida tion co nso |
| Inge and ina Con sult s d e In iería ore gen , S.A .S. |
Cal le 1 7, n úm . 69 -46 Bo gotá (Co lom bia) |
Cou ling d c ultin ices in the of e ngin ing, nse an ons g s erv are as eer infra stru ctur nvir ent , etc e, e onm |
Act ive |
- | 100 % |
Full lida tion co nso |
| Inge log Cos ta R ica S.A |
Mat a R edo nda , Sa ban a S ur, O fice Eje cuti vo l a S aba e 6 ntro torr na, , piso 4, ofic inas T& L C ulto , Sa n Jo sé ( Cos ta R ica) ons res |
Cou ling d c ultin ices in the of e ngin ing, nse an ons g s erv are as eer infra stru ctur nvir ent , etc e, e onm |
Act ive |
- | 98% | Full lida tion co nso |
| NRA Y S ices , Inc erv |
56A He ad S tree t, D und ON L9 H 3 H7 (Ca nad a) as, |
Insp ecti f th e ba sed utro diat ion ices on o ne n ra serv |
Act ive |
- | 100 % |
Full lida tion co nso |
| US App lus RTD A A Hol ding ero spa ce , Inc. |
570 0 C ks, Rd. Su ite 4 50,T , MI 48 089 (U SA) roo roy |
Hol ding com pan y |
Act ive |
- | 100 % |
Full lida tion co nso |
| X-R AY Indu strie s, In c. |
570 0 C ks, Rd. Su ite 4 50,T , MI 48 089 (U SA) roo roy |
X-ra llurg ical tail ipm quip eta ent ent t y m , m ana gem , re equ , e men ufac turi -de stru ctiv e; te stin rvic man ng, non g se es |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Lab torie s U SA, Inc ora |
615 S. Du Pon t H ighw Ken t C ty, Dov Del 199 01 ay, oun er, awa re (US A) |
Hol ding com pan y |
Act ive |
- | 95% | Full lida tion co nso |
| Arc adia Ae Ind ies, Llc ustr rosp ace |
280 00 Moo Av e, B uild ing #11 0, P unta Go rda Flor ida 339 82 ney enu (US A) |
Indu stria l co nd i ecti ices ntra ct a nsp on s erv |
Act ive |
- | 86% | Full lida tion co nso |
| App lus RTD US A S ices , Inc erv |
3 S r Cr eek Ce nter Blv d. S uite 600 Su La nd, TX 774 78 ( USA ) uga gar |
Any law ful act acti vity in ord for ies to aniz or er com pan org e the lves der the De law Ge al C tion Law mse un are ner orp ora |
Act ive |
- | 100 % |
Full lida tion co nso |
| Libe rtyto USA 3, Inc. wn |
3 S r Cr eek Ce nter Blv d. S uite 600 Su La nd, TX 774 78 ( USA ) uga gar |
ful for Any law act acti vity in ord ies to aniz or er com pan org e the lves der the De law Ge al C tion Law mse un are ner orp ora |
Act ive |
- | 100 % |
Full lida tion co nso |
| t Se App lus Man rvic Inc. age men es, |
3 S r Cr Ce d. S Su 78 ( USA ) eek nter Blv uite 600 La nd, TX 774 uga gar |
Pro visi of prof iona l, te chn ical dm inis trat ive and hu on ess , a man rvic reso urce s se es |
Act ive |
- | % 100 |
Full lida tion co nso |
| SKC En gine erin g Lt d |
191 65 9 4TH Av e, S y B C, V 4N 3S4 (Ca nad a) enu urre |
of a Ens lity, tra inin g, i ecti nd des ign and ldin ure qua nsp on, pro we g inee ring rvic eng se es. |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Nor trol Rep úbli con ca Dom inic , S. R.L ana |
Plaz a E l Av ella Cal le D r. Ja cint o Ig io M añó n N Lo cal No. o. 5 no, nac 08 Prim Piso . E nch e P íso, Sa nto Dom ingo (R epú blic er nsa ara a Dom inic ) ana |
Insp ecti nd t ech nica l as sist rvic on a anc e se es |
Act ive |
- | 95% | Full lida tion co nso |
| Em ilab , SR L |
Via F.l li So lari 5/A 33 020 Am (UD ) (It aly) aro |
Res ch i n th of e ngin ing, ele ctro neti tibil ity ear e ar eas eer mag c co mpa afet and ele ctric al s y. |
Act ive |
- | 95% | Full lida tion co nso |
| Ow ship inte ner Gro up c |
rest he ld b y ies: om pan |
|||||
|---|---|---|---|---|---|---|
| Nam e |
Reg iste red off ice |
Lin f bu sin e o ess |
Act ive / In act ive |
Dire ct |
Ind irec t |
Met hod ed to a unt us cco the inv est nt me |
| AC 6 M logí a, S .L.U etro |
Pol ígon o C I, E dific io P rela . 31 160 , OR KO IEN , Na oma rca asa var ra (Sp ain) |
Res ch, dev elop t an d a dvis ices for trol d ear men ory serv me ogy an indu stria l ca libra tion act iviti es. |
Act ive |
- | 95% | Full lida tion co nso |
| App lus RVI S, B .V. |
Del ftwe g 14 4, N C 3 046 Ro dam (Th e N ethe rlan ds) tter |
Rem Non -de ctiv e In ctio d T esti ote stru spe n an ng |
Act ive |
- | 51% | Full lida tion co nso |
| App lus Ser vici os I nteg rale s, S .A.S |
Cal le 1 7 # 69 - 46 , Bo gotá (Co lom bia) |
Insp ecti lity trol and sult rvic on, qua con con anc y se es |
Act ive |
- | 95% | Full lida tion co nso |
| Tun nel Saf ety Tes ting , S. A. |
LG Cen tro Exp erim enta l Sa n P edr o d e A s/n , S iero 33 189 nes , Ast uria s (S pain ) |
Fire tes ting in tun nels , fir ion prod uct test ing and fire e s upp ress trai ning |
Act ive |
- | 89% | Full lida tion co nso |
| 3C Tes t Lim ited |
Silv erst T ech nolo Par k, Silv erst C ircu it, Silv erst one gy one one , Tow ter, No rtha mpt hire , NN 12 8 GX (UK ) ces ons |
Ele ctro neti tibil ity ( EM C) a nd e lect rica l tes ts, e cial ly mag c co mpa spe for the auto mot ive tor. sec |
Act ive |
- | 95% | Full lida tion co nso |
| Dat intL abs LL C apo |
23 Dut ch M ill R d, It hac a, N Yor k 14 850 (US A) ew |
Mat eria ls cha ract eriz atio n l abo rato cial ized in rovi ding ry spe p pert ies for eric al s imu latio pro num n. |
Act ive |
- | 95% | Full lida tion co nso |
| Mat ality , LL C. ere |
23 Dut ch M ill R d, It hac a, N Yor k 14 850 (US A) ew |
Dev elop f IT lutio for the ies of eria ls, t o pert mat men so ns pro t an d st man age men ora ge. |
Act ive |
- | 95% | Full lida tion co nso |
| App lus Mid dle Eas t Eng inee ring Con sult y, L LC anc |
Offi ce 2 01, Abu Dh abi Bus ines s H ub, Bui ldin g B , Mu fah (Un ited ssa Ara b E mira tes) |
Indu stria l su nd c ultin rt a ppo ons g |
Act ive |
- | 47% | Full lida tion co nso |
| SAR L A ntro l E gie et Indu strie pco ner Alg erie |
Rue 05 N°5 3 P dou Co de Hyd ra A lger (A lger ia) ara mm une |
Pro duc tion of te chn ical ntro l de vice nd lian fo r th co s a app ces e cali brat ion of m ach iner ech anic al te stin nd t, o il y, m g a mea sure men ices t sult ing, hyd rbo lysi serv man age men con roca n ana s, , iron tal p ntio d cl ing env men reve n an ean pro gra ms |
Act ive |
- | 47% | Full lida tion co nso |
| es ( ) In Talo n T est Lab tori Pho enix ora c. |
0 C Su (U SA) 570 ks, Rd. ite 4 50,T , MI 48 089 roo roy |
Non -de stru ctiv e te stin rvic g se es |
Act ive |
- | % 100 |
Full lida tion co nso |
| Talo n T est Lab tori es I rate d ora nco rpo |
570 0 C ks, Rd. Su ite 4 50,T , MI 48 089 (U SA) roo roy |
Non -de stru ctiv e te stin rvic g se es |
Act ive |
- | 100 % |
Full lida tion co nso |
| Lab tori o d e E M etro lógi ora nsa yos cos , S.L .U. |
Ave nida Ca n S s, 1 10, e 1 1, R ubí (Sp ain) rrat uca nav |
Lab tory of etro logi cal test nd cali brat ion of ing ora m s a mea sur inst ents rum |
Act ive |
- | 95% | Full lida tion co nso |
| A2M Ind ustr ie, S AS (A2 MI) |
ZA du Par c - S ecte Rue de la G pille , 42 490 Fra isse s (F ce) ur, am ran |
Mec han ical d m ate rial test an s |
Act ive |
- | 95% | Full lida tion co nso |
| App lus and Par tne Eng inee ring r Con sult anc y |
Bui ldin g N o. 3 215 , Se dar y N o. 8 367 , Po stal Co de 135 22, Ana con s Bin Mal ik R oad - A l Ma lqa, Riy adh , Sa udi Ara bia |
Eng inee ring ltan ices co nsu cy s erv |
Act ive |
- | 48% | Full lida tion co nso |
| App lus Fom ento de Con trol , S. A. |
11, El Wa hda , R ésid e I A li, A 2, Cas abla pt rue enc mam nca (Mo o) rocc |
The ovis ion of ifica tion rvic for indu stria l p rod ucts pr ver se es imp orte d in to t he K ingd of M (La w N o. 2 4-0 9 , Mor o) om oro cco occ |
Act ive |
- | 85% | Full lida tion co nso |
| Soc ieda d LE M L abo rato rios y A sist ia enc Téc nica Lim itad a |
Ave nida Hu ayti quin a N °16 01, ciud ad d e C alam a (C hile ) |
Dev elop t of proj ects ltan cies and tec hnic al q uali ty c ont rol men , co nsu sult ants for stru ctio ferr ing to t he q uali ty o f ma teria ls a nd con con n, re for f indu stria l e lem ents ed stru ctio nd its ditio us con n a con n o lica tion of buil ding rks. app wo |
Act ive |
- | 100 % |
Full lida tion co nso |
| TIC Ch ile S Inv estm ents pA |
°16 e C a (C ) Ave nida Hu ayti quin a N 01, ciud ad d alam hile |
Hol ding com pan y |
Act ive |
- | % 100 |
Full lida tion co nso |
| Ow ship ner Gro up c |
inte rest he ld b y ies: om pan |
|||||
|---|---|---|---|---|---|---|
| Nam e |
Reg iste red off ice |
Lin f bu sin e o ess |
Act ive / In ive act |
Dire ct |
Ind irec t |
Met hod ed to t us acc oun the inv est nt me |
| App lus Bra sil I stim ento s, L tda nve |
Rua Do m J osé de Bar nº 177 , 6ª and junt o 60 1, s ala 602 ros, ar, con , Vila Bu CE P 0 103 8-1 00, Sao Pa ulo (Bra zil) arq ue, |
Hol ding com pan y |
Act ive |
- | 100 % |
Full lida tion co nso |
| Vel osi S.à r.l. |
Rob Stü r L-2 Lu bou Gra nd Duc hy of 7, r ert 557 ue mpe xem rg, Lux bou L-1 653 Lux bou rg ( Lux bou rg). em rg, em em |
Hol ding com pan y |
Act ive |
100 % |
- | Full lida tion co nso |
| SAS T in atio nal Ltd tern |
IFC 1, L l 1, Es plan ade , St . H eile r, J y J E2 3BX , C han nel eve erse Isla nds (Je ). rsey |
Pro visi f co ltan nd e ngin ing ices on o nsu cy a eer serv |
Act ive |
- | 100 % |
Full lida tion co nso |
| nd S Vel osi Pola p z. o.o |
Infla (Po ) Ul. nck a 4 00- 189 Wa land rsza wa |
of o Pub lish ing the r pr ogr am mes |
Act ive |
- | % 100 |
Full lida tion co nso |
| Vel osi Eur Ltd ope |
Uni t 18 Da wki ns R oad Po ole BH 15 4 JY (UK ). |
Pro visi f te chn ical gine erin nd i ndu stria l se rvic on o , en g a es |
Act ive |
- | 100 % |
Full lida tion co nso |
| Vel osi Cer tific atio n B LTD ure au |
Uni t 18 Da wki ns R oad Po ole BH 15 4 JY (UK ). |
Hol ding com pan y |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Inte iona l Ita ly, S rl rnat |
238 07 Mer (LC ), vi a D e G eri, 113 , M te ( Italy ). ate asp era |
Pro visi f te chn ical gine erin nd i ndu stria l se rvic on o , en g a es |
Act ive |
- | 80% | Full lida tion co nso |
| App lus Italy , SR L |
Via Cin nten ario , 8 - 24 044 Da lmin e, B (BG ) (It aly) qua erg amo |
Qua lity trol inte nd i ecti con , ma nan ce a nsp on |
Act ive |
- | 80% | Full lida tion co nso |
| App lus Nor A/S way |
Sve ioga ta 4 0, 5 514 Ha d (N ay) uge sun orw |
Qua lity trol inte nd i ecti con , ma nan ce a nsp on |
Act ive |
- | 60% | Full lida tion co nso |
| App lus Tur key G tim Hiz leri met oze Lim ited Sir keti |
104 2. C add e 13 19.S oka k N o.9/ 5 O ler, Ank (Tu rkey ). vec ara |
Qua lity trol inte nd i ecti con , ma nan ce a nsp on |
Act ive |
- | 80% | Full lida tion co nso |
| Vel osi LLC |
Aza dlig Av e 18 9, A pt 6 1, A Z11 30 Bak u (A baij an) enu zer |
Pro visi f au xilia ices for oil and nies on o ry s erv ga s co mpa |
Act ive |
- | 100 % |
Full lida tion co nso |
| Vel osi Mal ta I Ltd |
The Ba stio Offi No. 2 E mvi m C Str eet , Flo rian a, F RN ns, ce rem ona 1 (M ). 128 alta |
Hol ding com pan y |
Act ive |
- | 100 % |
Full lida tion co nso |
| Vel osi Mal ta I I Ltd |
The Ba stio Offi No. 2 E mvi m C Str eet , Flo rian a, F RN ns, ce rem ona 128 1 (M alta ). |
Hol ding com pan y |
Act ive |
- | 100 % |
Full lida tion co nso |
| s S Vel osi Indu strie dn Bhd |
No. 15 2-3 -18 A, Kom plek s M alur i, J alan Je jaka , T n M alur i, ama 551 00 Kua la L ur ( Mal ia). ump ays |
Inve stm ents , in tme nt pert nd isio f e ngin ing ves pro y a prov n o eer ices serv |
Act ive |
- | % 100 |
Full lida tion co nso |
| App lus Mal ia, S dn Bhd ays |
No. 15 2-3 -18 A, Kom plek s M alur i, J alan Je jaka , T n M alur i, ama 551 00 Kua la L ur ( Mal ia). ump ays |
Pro visi f en gine erin nd i ecti ices on o g a nsp on s erv |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Sin Pte Ltd gap ore |
1 C tion Dri ve # 04- 10, Sin 61 977 5 (S inga e) orp ora gap ore por |
Pro visi of s ializ ed ices in the f re pair of ship on pec serv are a o s, tan kers d o the r hi gh ls, a nd isio n of an sea ve sse prov rop e a cce ss, test ing and tec hnic al a naly for the oil and s in dus tries ses ga |
Act ive |
- | 100 % |
Full lida tion co nso |
| Vel osi (HK ) Lt d |
11/F , Le e G ard en T 28 Yun Pin g R oad , Ca Ba y, H wo, use way ong |
Pro visi of m ent ices les port , ad viso nd on ana gem serv , sa sup ry a bus ines s de velo nt s ices to rela ted ies pme erv com pan |
Act ive |
- | 100 % |
Full lida tion co nso |
| Vel osi Sau di A rab ia C o Lt d |
Bul d N 031 , Ad ditio nal No- 295 8, S ub of A mir Moh med Bin o-7 am Fah d R d, A l-Qu Dist , Dh ahr 342 47 (Ara bia Sau dí). sur an- |
Pro visi f ma inte ce t esti fixin inat ion of th eldi on o nan ng, g, e xam e w ng and ality l fo r th ipes ach iner quip d o the ntro t an qu co e p , m y, e men r buil ding s in oil, and pet roch ical fac ilitie d to iss elat ed gas em s an ue r cert ifica tes |
Act ive |
- | 60% | Full lida tion co nso |
| App lus Chi na C Ltd o., |
Roo m 1 304 , Sh kan g L iaoS hi B uild ing No. 73 8 S han g C hen eng g Roa d P udo Sha ngh ai P RC , 20 012 0 (C hina ). ng, |
Pro visi of sult ing of Pet role Eng inee ring chn ical , te on con um sult atio n of cha nica l en gine erin nd c ultin g of bu sine con me g a ons ss t man age men |
Act ive |
- | 100 % |
Full lida tion co nso |
| Ow ship inte ner Gro up c |
he ld b rest y ies: om pan |
|||||
|---|---|---|---|---|---|---|
| Nam e |
Reg iste red off ice |
Lin f bu sin e o ess |
Act ive / In act ive |
Dire ct |
Ind irec t |
Met hod ed to a unt us cco the inv est nt me |
| (Th nd) Com App lus aila y Li mite d pan |
412 , Su khu mvi t 95 , Ba Cha k, P hra Kha g, B kok 10 260 ng non ang (Th aila nd) |
f en Pro visi gine erin nd t ech nica l se rvic on o g a es |
Act ive |
- | % 100 |
Full lida tion co nso |
| Vel osi Cor ate Ser vice s S dn Bhd por |
No. 15 2-3 -18 A, Kom plek s M alur i, J alan Je jaka , T n M alur i, ama 551 00 Kua la L ur ( Mal ia). ump ays |
Pro visi f ge al m ent , bu sine lann ing, rdin atio on o ner ana gem ss p coo n, ate fina ad viso trai ning d p l m ent cor por nce ry, an erso nne ana gem ices serv |
Act ive |
- | 100 % |
Full lida tion co nso |
| Vel osi Inte tion al Hol ding Co rna mpa ny BSC (c) |
Offi No. 9 089 , B uild ing No. 1 Roa d 3 801 , B lock 3 38, 5 ce AlQ uda ybiy ah A King dom of Bah rain rea |
Hol ding f a of c cial , ind ial a nd ice ustr co mpa ny o gro up om mer serv ies com pan |
Act ive |
- | 100 % |
Full lida tion co nso |
| Vel osi Cer tific atio n S ices LL C erv |
# 2 01, Blo ck B , Ab u D hab i Bu sine ss H ub, ICA D-1 , M afa h, P O uss Box 42 7 A bu D hab i (U nite d A rab Em irate s). |
of Pro visi stru ctio roje ct q uali ty t se rvic on con n p man age men es, ifica tion uali f th t s yste cert ty t o man age men m , q man age men e mai nten f ex istin g fa cilit ies and uipm ent and nda tory anc e o eq ma insp ecti ices on s erv |
Act ive |
- | 49% | Full lida tion co nso |
| Vel osi Cer tific atio n fo r C ultin g C O. ons W.L .L. |
Yaa l Ma ll, A l Fa hah eel, Al Dab bou s St reet , Blo ck# 11 , Bu ildin g# 11, 11th Flo Offi ce# 12 (Ku wai t). or, |
Pro visi f ind ial c ulta ustr on o ons ncy |
Act ive |
- | 24% | Full lida tion co nso |
| PT Jav a V elos i Ma ndir i |
Ged Off , Su Po ndo k In dah ice Tow er 2 , La ntai 16 ite 1 602 , Ja lan ung Sul tan Iska nda r M uda Ka v. V TA RT 004 RW 00 3 P ond ok Pina ng Keb Lam a, J aka rta Sel ata n 12 310 (In don esia ) ayo ran |
of Pro visi inee ring ltan ices ch lity on eng co nsu cy serv , su as qua trol and n-d estr ucti test ing (ND T) insp ecti ices con no ve on serv , isio n of ski lled lab ith v tion al tr aini prov or w oca ng |
Act ive |
- | 0% | Full lida tion co nso |
| Vel osi Cer tific atio n LL C |
Bui ldin g N o 12 134 0, F irst Floo r Ne w S alat a, C Rin g R oad , P. O. B ox 340 8, D (Q r). oha ata |
Pro visi of i ecti and alys is a nd tech nica l se rvic in t he on nsp on an es a of alifi ed t ech nica l job are qu s |
Act ive |
- | 24% | Full lida tion co nso |
| Vel osi Pro mS ice LLC erv |
Rus sian Fe der atio n, 1 251 30, Mos , St petr ky p d, 7 A, cow aro ovs roez bld. 19 , off ice 7 (R ia). uss |
Pro visi of lity d c rol, l in ctio ont on qua ass ura nce an gen era spe n, rosi trol and vice s fo r th pply of labo r fo r th il an d cor on con ser e su e o ind ustr ies gas |
Act ive |
- | 100 % |
Full lida tion co nso |
| Vel osi LLC |
Kur ilsk Str ., 3 8, 6 930 00 Yuz hno -Sa kha lins k, S akh alin Re gion aya , (Ru ssia ). |
Hol ding Co mpa ny |
Act ive |
- | 100 % |
Full lida tion co nso |
| Vel osi Bah rain WL L |
Flat 11 , Bu ildin g 1 033 , R oad 37 21, Blo ck 337 , M / U MM ena ma Alh (Ba hra in). ass am |
Pro visi of q uali ty c ont rol and sta nda rdiz atio rvic indu stria l on n se es, insp ecti ices d ge al s ices on s erv an ner erv |
Act ive |
- | 100 % |
Full lida tion co nso |
| Vel osi LLC |
Blo ck n o 2 27 Ste lla B uild ing, Po st B ox 2 31 Ham riya . W o 2 748 ay n (Om an) |
Pro visi f ce rtific atio ngin ing and ins tion rvic on o n, e eer pec se es |
Act ive |
- | 50% | Full lida tion co nso |
| C App lus Kaz akh stan LL |
Bui ldin g # 31A , A kzh al lane , A tyra Aty Obl ast, 0 600 02 rau u, (Ka zak shta n). |
f se of in fety Pro visi rvic es i n th dus tria l sa on o e a rea |
Act ive |
- | 80% | Full lida tion co nso |
| Vel osi (B) Sdn Bh d |
Lot 521 1, S 357 , Jln Ma ulan a, K A 2 931 Ku ala Bel ait, Neg pg. ara Bru nei Dar alam (Br i). uss une |
Pro visi of q uali ty c ont rol a nd e ngin ing ices for the oil and on eer serv ind ustr ies gas |
Act ive |
- | 30% | Equ ity m etho d |
| Vel osi Cer tific atio n S ices LL C erv |
17, Chi Stre 100 029 mke nt et, Miro bod D istri ct, T ash ken t (Uz bek ista n). |
of i ifica of Pro visi ecti cert tion nito ring d o the r ty on nsp on, , mo an pes bus ines tivit s ac y |
Act ive |
- | 80% | Full lida tion co nso |
| Vel osi Phi lipp ines Inc |
100 4, 1 0F, Pa gibi g W T T r, C ebu Bu sine ss P ark , Ay ala, Ce bu owe City (Ph ilipp ines ). |
Pro visi of i ecti lity trol rtific atio nd bus ines on nsp on, qua con , ce n a s tsou rcin pro ces s ou g |
Act ive |
- | 100 % |
Full lida tion co nso |
| ea C App lus Kor o, L td. |
194 M ngb O Ulju Uls yeo ong geo nam -ro, nsa n-e up, -gu n, an (Re pub lic o f Ko ). rea |
Pro visi f tra inin nd c ultin g fo rvic elat ed t o te chn ical on o g a ons r se es r inee ring , hi ring t of d m rials d le asin f ate eng -ou ma npo wer an an g o pert ies. pro |
Act ive |
- | 100 % |
Full lida tion co nso |
| Om Insp ecti and C ertif icat ion an on Ser vice s |
P.O . B 15, Sou th Alk hua wir, Ba wsh Mus Gov cat te ox ar, ern ora (Om an) |
Pro visi of n des tive ting rvic es ( NDT ), e nvir l truc tes enta on on- se onm and saf ety ices (HS E), lity trol and inee ring vice serv qua con eng ser s. |
Act ive |
- | 50% | Full lida tion co nso |
| App lus Jap KK an |
Yam hi B uild ing 3F 3-2 4-8 Nis hi S him bas hi, Min ato- ku, Tok auc yo (Jap an) |
Pro visi f qu ality d in ctio rvic NDT tes ts on o an spe n se es, man pow er, and ind ustr ial c ultin ons g |
Act ive |
- | 100 % |
Full lida tion co nso |
| Ow ship inte he ld b rest ner y Gro ies: up c om pan |
||||||
|---|---|---|---|---|---|---|
| Nam e |
Reg iste red off ice |
Lin f bu sin e o ess |
Act ive / In act ive |
Dire ct |
Ind irec t |
Met hod ed to a unt us cco the inv est nt me |
| App lus Sen l SU RL ega |
Alm adie rout e d e N , im ble SIA , 1 4er ét , D aka s, gor meu age r (Se al) neg |
Pro vide lity and lity trol ices to t he o il an d qua ass ura nce qua con serv ind ustr y in Se al a nd i n th e C DEA O gas neg |
Act ive |
- | 100 % |
Full lida tion co nso |
| Soi l an d F dat ion Com y Li mite d oun pan |
Jed dah . Al Fa isal liya h D istri ct. Sar i St t. B uild ing Num ber 296 9 ree (Sa udi Ara biaí ) |
Soi l in tiga tion ate rial test ing, de wat erin iron tal ves , m g, env men ing, hy dro logy dies arin tud ies, bing d g ing, test stu rout , m e s pro an stru ctur al e valu atio d ge oph ysic al s tudy n an |
Act ive |
- | 74% | Full lida tion co nso |
| Geo tech nica l and Env iron tal men Com y Li mite d pan |
Riya dh. Kin g A bdu lazi z D istri ct. Sal ah Ald Al Ay oub i St reet een (Sa udi Ara bia) |
Soi l in tiga tion ate rial test ing, de wat erin iron tal ves , m g, env men ing, hy dro logy dies arin tud ies, bing d g ing, test stu rout , m e s pro an stru ctur al e valu atio d ge oph ysic al s tudy n an |
Act ive |
- | 74% | Full lida tion co nso |
| Soi l an d F dat ion Com y L imit ed oun pan Egy pt |
Villa 7, B lock 8, S tree t9, A l Tij arie n C ity, Mok atta m, C airo (Eg ypt) |
Soi l in tiga tion ate rial test ing, de wat erin iron tal ves , m g, env men test ing, hy dro logy stu dies arin tud ies, bing d g rout ing, , m e s pro an stru ctur al e valu atio d ge oph ysic al s tudy n an |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Ste el T est (Pty ) Lt d |
28 Sen ato r R ood Ro ad, 193 9 V enig ing (Re pub lic of S out h ere Afri ca) |
Pip nd s tee l thi cke test ing e a ner |
Act ive |
- | 75% | Full lida tion co nso |
| App lus Vel osi (Gh ) Lt d ana |
2nd Flo Des ign Hou Rin g R oad Ea st, A (G han a). or, se, ccra |
Pro visi f ins tion ality l an d ce rtific atio rvic ntro on o pec , qu co n se es |
Act ive |
- | 49% | Full lida tion co nso |
| Vel osi Sup erin tend end Nig eria Ltd |
3A Ala bi S tree t, O ff T oyin Str eet , Ike ja - La (N iger ia). gos |
of (q Pro visi ices uali ty d c ont rol, l on serv ass ura nce an gen era insp ecti rosi ont rol a nd s ly o f lab or) for the oil a nd g on, cor on c upp as indu strie s |
Act ive |
- | 30% | Full lida tion co nso |
| App lus Vel osi SA (Pty ) Lt d |
128 Se r R ood Ro ad, 193 9 V enig ing (Re pub lic of S h nato out ere Afri ca) |
Pro visi of s ices late d w ith the lity of t he oil and on erv re qua ga s indu strie s |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Vel osi Egy pt, L LC |
9, E l-Ba traw y S t., E ntra 2, Gen Ma ll B uild ing, Al Man teq ah nce ana Al O sr C Cai ro(E t) ula, Na ity, gyp |
of e Pro visi ngin ing sult y in the oil tor, the ritim on eer con anc sec ma e bus ines atio nd min ing, ll as nt s, p owe r ge ner n a as we ma nag eme sult ing con |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Vel osi Ang ola, Ld a. |
Con dom inio Mi rant de Tal ato Rua da s A các ias, B13 es na, ca sa , (An ). Lua nda gola |
of q f Pro visi uali ty a and ntro l, in ctio ly o on ssu ran ce co spe n, s upp tech nica l ma rtific atio nd cial ized rvic in N DT npo wer , ce n a spe se es and gine erin en g. |
Act ive |
- | 49% | Full lida tion co nso |
| App lus Indi a P riva te L imit ed |
#40 2, V ijay sri N ivas , Pr aka sh Nag Beg et, Hyd bad – 5 00 ar, ump era 016 . Te lena a (I ndia ) gan |
Pro visi f lab ly s ices for the oil and s in dus tries on o or s upp erv ga |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Moz biqu e L imit ada am |
Pau lo S uel Kan kho mba Av umb er 3 ,37 1, M to C ity am enu e, n apu (Mo biqu e). zam |
of c Pro visi ultin nd t ech nica l as sist rvic in th il on ons g a anc e se es e o and s in dus rvic NDT ecia lize d te try, sts, ga man po wer se es, sp trols d q uali ty i ecti d p rovi sion of et i nteg rity con an nsp ons an ass ices serv |
Act ive |
- | 49% | Full lida tion co nso |
| K2 Do Bra sil S ices Ltd erv a |
Ave nida No Se nho ra d a G loria , 2.6 43, Cav alei , Ma - R J, ssa ros cae CE P27 920 -36 0, M e (B razi l). aca |
Pro visi of u pda ting pair odif icat ion and ntro l of hor on , re , m co ons e and off sho il fa cilit ies, ins tion d d lopm of d esig ent re o pec an eve n ices fact of c ents d m ach iner truc ture serv , m anu ure om pon an y s s and ply of q uali fied lab sup or |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Vel osi Am eric a L LC |
3 S r Cr eek Ce nter Blv d. S uite 600 Su La nd, TX 774 78 ( USA ) uga gar |
Pro visi f lab ly s ices for the oil and s in dus tries on o or s upp erv ga |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus Vel osi Can ada Ltd |
260 0 M life Pla 101 80 - 10 1st Stre et, Edm onto n, A B T 5J 3 Y2 anu ce (Ca a) nad |
Pro visi f lab ly s ices for the oil and s in dus tries on o or s upp erv ga |
Act ive |
- | 100 % |
Full lida tion co nso |
| App lus K2 Am eric a, L LC |
3 S r C k C ente r B lvd. Su ite 600 Su La nd, TX 774 78 uga ree gar (US A). |
Pro vidi solu tion s fo nd f dr illin g ri and rato ng r ow ner s a ope rs o gs FPS O in Am eric incl udin g i ecti ices pair nd a, nsp on serv , re a mai nten truc tura l de sign d a naly sis and tra inin rvic anc e, s an g se es |
Act ive |
- | 100 % |
Full lida tion co nso |
Note: the % of ownership of the Group companies reported corresponds to the legal interest.
| Ow ship inte ner Gro up c |
rest he ld b y ies: om pan |
||||
|---|---|---|---|---|---|
| Nam e |
Reg iste red off ice |
Lin f bu sin e o ess |
Act ive / In act ive |
Dire ct |
Ind irec t |
| App lus RTD Ce rtific atio n, B .V. |
Del ftwe g 14 4, 3 046 NC Ro tter dam (Th e N ethe rlan ds) |
Cer tific atio rvic n se es |
Inac tive |
- | 100 % |
| Slo RTD vak ia, s .r.o |
Vlč , 82 4 1 2, B , (S kia) ie h rdlo ratis lava lova |
Cer tific atio rvic es t hro ugh n-d estr ucti ve t esti n se no ng |
Inac tive |
- | 100 % |
| AP P M ent , S. de R.L . de C.V ana gem |
Blvd . M el A vila Ca ho 184 , Pi so 4 -A, Col . Re form a S ocia l, anu mac C.P . 11 650 Mé xico D.F . (M exic o) |
Pro visi of prof iona l, te chn ical dm inis ive and hu trat on ess , a man rvic reso urce s se es |
Inac tive |
- | 100 % |
| App lus Lab torie s, A S. ora |
Lan ra 1 1, 4 344 Br (No y) gmy yne rwa |
Cer tific atio n |
Act ive |
- | 95% |
| Inge log Gua tem ala Con sult de ore s Inge nier ía y Sis S.A tem as, |
Ciu dad de Gua tem ala (Gu ate mal a) |
Cou ling d c ultin ices in the of e ngin ing, nse an ons g s erv are as eer infra nvir stru ctur ent , etc e, e onm |
Inac tive |
- | 100 % |
| App lus Tan ia L imit ed zan |
Kim y A Msa i, T irdo C plex , D Es Sal wer ven ue, san om ar aam (Ta nia) nza |
Pro visi of s ices , tra inin nd c ultin g, i nclu ding tho ugh t on erv g a ons no limi ted insp ecti ing, erif icat ion, N DT ices to test on, v serv , mai nten nd tech nica l a ssis tan for the indu stria l a nd anc e a ce stru ctio ecto nd rela ted wel l as the lting con n s rs a are as, as co nsu acti vitie s fo r bu sine nd m ent ss a ana gem |
Inac tive |
- | 75% |
| Idia da Hom olog atio n T ech nica l Se rvic e, S.L .U. |
s/n 10 S Oli (Sp ain) L'A lbor 437 anta Ta nar va - rrag ona |
rtific Eng inee ring , tes ting d ce atio an n |
Inac tive |
- | 80% |
| CTA G - I diad Saf ety Tec hno logy a Ger y, G mbH man |
fred er-S traß (Ge ny) Man -Ho chs tatt e 2 , 85 055 Ing olst adt rma |
rtific Eng inee ring , tes ting d ce atio an n |
Inac tive |
- | 40% |
| Cen Cap ació n, S App lus tro de acit .A. |
º64 9, S Chi le (C ) Agu stin as N 0, P iso ant iago de hile |
f tra Pro visi inin rvic on o g se es |
Inac tive |
- | 95% |
| Vel osi Tur kme nist an |
Ash gab at C ity, Kop etda g D istri ct, T urkm enb ash y, A No. 54 ven ue, (Tu rkm enis tan ). |
of No line bus ines s |
Inac tive |
- | % 100 |
| Vel osi Pla nt D esig n E ngin s S dn Bhd eer |
No. 15 2-3 -18 A, Kom plek s M alur i, J alan Je jaka , T n M alur i, ama 551 00 Kua la L ur ( Mal ia). ump ays |
Pro visi f co ltan nd e ngin ing ices for the de sign of on o nsu cy a eer serv plan ts, stru ctio nd inee ring d th e in tme nt t hat they con n a eng an ves pos ses s |
Inac tive |
- | 100 % |
| Vel osi Ene Con sult Sd n B hd ants rgy |
No. 15 2-3 -18 A, Kom plek s M alur i, J alan Je jaka , T n M alur i, ama ur ( ia). 551 00 Kua la L Mal ump ays |
Pro visi of c ulta rvic es f ll en gine erin ctiv ities d on ons ncy se or a g a an the ply of lo cal and for eign pert s fo r th ratio n of oil and sup ex e g ene arin atio inin nd all othe gas en erg y, m e, e ner gy con serv n, m g a r of indu strie toge the ith the inee ring d m aint s, r w eng an ena nce refin ing sels , oil pla tfor pla tfor hem ical pla and troc nts ves ms, ms, pe the ply of q uali fied lab sup or |
Inac tive |
- | 100 % |
| Vel osi Sia m C o Lt d |
412 , Su khu mvi t 95 , Ba Cha k, P hra Kha g, B kok 10 260 ng non ang (Th aila nd) |
Hol ding com pan y |
Inac tive |
- | 100 % |
| Vel osi Qua lity Man t age men Inte rnat iona l LL C |
Uni t 20 1, 2 nd floo r, E r Bu sine ss P ark 4, S heik h Z d R oad maa aye , The Gr s, P O B ox 3 372 01, Dub ai ( Uni ted Ara b E mira tes) een |
Pro visi of cert ifica tion ngin ing and in ctio hor on , e eer spe n, ons e and /or offs hor rvic e se es |
Act ive |
- | 49% |
| Vel osi CB L (M ) Sd n B hd |
C/o A GL Man t A ciat Sdn B hd, No. 15 2-3 -18 A, age men sso es Kom plek s M alur i, Ja lan Jeja ka, Tam an M alur i, 55 100 Ku ala Lum pur (Ma lays ia). |
Pro visi f eq uipm ent insp ecti ices on o on s erv |
Inac tive |
- | 100 % |
Ownership interest held by
| Gro up c |
ies: om pan |
||||
|---|---|---|---|---|---|
| Nam e |
Reg iste red off ice |
Lin f bu sin e o ess |
Act ive / In act ive |
Dire ct |
Ind irec t |
| Vel osi Ukr aine LL C |
5A Pite rska Str eet , 03 087 Ky iv (U krai ne) |
Pro visi f au xila ices in t he o il an d na tura l ga s in dus trie on o ry s erv s |
Inac tive |
- | 100 % |
| Dijla & F t Qu ality As , LL C. ura sura nce |
Ram ada n A , Di stric t 62 3-S , No .1, Bag hda d (I ). rea raq |
Pro visi f qu ality trol and tra inin rvic on o con g se es |
Inac tive |
- | 100 % |
| Vel osi Ser vice s L. L.C . (R ia) uss |
Kom istic hes ky 32, suit e 6 10, Yuz hno -Sa kha lins k, ct, mun pro spe Sak hali n R egio n (R ia). uss |
No line of bus ines s |
Inac tive |
- | 100 % |
| Pre cisi for Eng inee ring S ices on erv , Pro ject Man t, Voc atio nal age men Tra inin d Im atio n of Ma n P port g an owe r, LLC |
Al-S ham asiy ah D istri ct S ecti on N o. 3 16 S tree t 15 hou se 3 7 1 , Ba sra (Ira q) |
Buy , le ship of al p erty , in telle ctua l pr rty ase , ow ner per son rop ope and the le o f sa id g ood sa s |
Inac tive |
- | 100 % |
| Vel osi Uga nda LT D |
3rd Flo Rwe ri H e, P lot 1, L mba Av e, P O B or, nzo ous umu enu ox 103 14 K pala (Ug and a). am |
Pro visi f bu sine ultin nd m ent ices on o ss c ons g a ana gem serv |
Inac tive |
- | 100 % |
| Vel osi Gab (SA RL) on |
Cité Sh ell, Por t-G il in Ga bon , BP : 2 2 67 (Ga bon ). ent |
Pro visi of s rity and viro ntal rvic (HS E), lity on ecu en nme se es qua trol and gine erin g in the oil and ctor con en ga s se |
Inac tive |
- | 75% |
| Vel osi Moz biqu e L DA am |
Ave nida Kim Il S , 96 1 - Bai Som shie ld - Dist rito Urb ung rro mer ano 1, M to C idad e (M mbi ). apu oza que |
Pro visi f co ltan ices and tec hnic al a ssis tan ce i n th e oi l on o nsu cy s erv and s i ndu strie h a s l abo r fo ices nd othe ga s, suc rce serv , a r cial ized rvic in -de stru ctiv e t rials ont rols uali ty spe se es non , c , q insp ecti d as set inte grity ons an |
Inac tive |
- | 74% |
| App lus Vel osi Ken ya L imit ed |
floo e O ff D 3rd r, K igan jo H e, R Av enis Pri tt R oad L.R No ous ose enu 1/18 70, Nai rob i P. O.B ox 5 071 9 - 002 00, Nai rob i (K a). eny |
Ser vice f pr ovis ion of q uali ty c ont rol, tech nica l en gine erin f s o g o ertif labo nd sult ing, No n D estr ucti Tes ting d c icat ion, r a con ve an elec trica l in ctio ngin ing and ojec and t m ent spe n, e eer pr ana gem isio n of stru ctio rvic sup erv con n se es |
Inac tive |
- | 100 % |
| Vel osi Do Bra sil L tda |
Pra ia D o F lam o 3 12, 9 A nda r Pa rte Flam Rio De Ja neir eng eng o, o (Bra zil). |
No line of bus ines s |
Inac tive |
- | 98% |
| QA Ma nt S ices Pty Ltd nag eme erv |
Uni t 9, 78 3 K ings ford Sm ith Driv e, E agle Fa Que land 40 09 rm, ens (Au lia) stra |
Pro visi of lity rvic h a orld wid on qua ass ura nce se es, suc s w e insp ecti and IS O 900 0 Q uali ty Man t C ulta on age men ons ncy , oftw trai ning uali ty c ont rol s kag nd s ializ ed co urse s, q are pac es a pec labo rvic r se es |
Inac tive |
- | 100 % |
| Jan x In teg rity Gro Inc. up |
3 S r Cr eek Ce nter Blv d. S uite 600 Su La nd, TX 774 78 ( USA ) uga gar |
No line of bus ines s |
Inac tive |
- | 100 % |
| Vel osi Asi a K ish (Ira n) |
No. 7, S nd F loor , Blo ck B 28, Par s C cial Co mpl Sou th- eco om mer ex, We st o f th e P ort Are a (I ). ran |
No line of bus ines s |
Inac tive |
- | 97% |
| Vel osi Jors Sdn Bh d (B ei) on run |
LOT 52 11. Sim g 3 293 1, 57, Jala n M aula Kua la B elai t KA pan na, Bru nei Dar alam (Br i). uss une |
of n (ND T), Pro visi des truc tive tes ting rvic tech nolo gica l on on- se es dev elop t, tr form atio d te chn ical sult ing. men ans n an con |
Act ive |
- | 15% |
This declaration is a translation for informative purposes only of the original document issued in Spanish, which has been signed for approval by every Board member. In the event of discrepancy, the Spanish-language version prevails.
The Board of Directors of Applus Services, S.A., in compliance with the current mercantile legislation, have authorized for issue on February 23, 2023 the Financial Statements and Director's Report, which include the nonfinancial information statement and the Annual Corporate Governance Report for 2022, in accordance with the formatting and markup established Commission Delegated Regulation (EU) 2019/815 of 17 December 2018 ("ESEF Regulation"). The aforementioned Financial Statements and Director's Report are integrated in the digital file with the 5DF945B8100A034647CCCC77760BD126D37325D3E8645B75EF48E6A9B69C4A59 hash code included in the file with number 213800M9XCA6NR98E873-2022-12-31-es.
The members of the Board of Directors declare signed, through this Diligence, the aforementioned Financial Statements and Directors' Report for 2022. They have been authorized for issue unanimously, awaiting on the auditors' verification and subsequent approval by the Parent's Annual General Meeting.
Barcelona, 23 February 2023
Chairman Director
Mr. Christopher Cole Mr. Ernesto Gerardo Mata López
Director Director
Mr. Joan Amigó i Casas Mr. Nicolás Villén Jiménez
Ms. Maria Cristina Henríquez de Luna Basagoiti Ms. Maria José Esteruelas Aguirre Director Director
Director Director
Ms.. Essimari Kairisto Ms. Marie-Françoise Madeleine Damesin
Mr. Brendan Wynne Derek Connolly Director
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