9. Investments

Investments in subsidiaries

Location

Activity

 

Share capital as per 31.12.2017 in 1000

Holding as per 31.12.2017 in %

Share capital as per 31.12.2016 in 1000

Holding as per 31.12.2016 in %

MCH Swiss Exhibition (Basel) Ltd.

Basel

Exhibitions and congresses

A

CHF

40 000

100.0

CHF

40 000

100.0

MCH Swiss Exhibition (Zurich) Ltd.

Zurich

Exhibitions and congresses

A

CHF

13 720

100.0

CHF

13 720

100.0

MCH Beaulieu Lausanne SA

Lausanne

Exhibitions

A

CHF

100

100.0

CHF

100

100.0

Winkler Livecom AG

Wohlen

Event technology

A

CHF

100

100.0

CHF

100

100.0

Expomobilia AG

Effretikon

Stand construction

A

CHF

300

100.0

CHF

300

100.0

Techno Fot AG

Effretikon

Digital printing

D

CHF

400

100.0

CHF

400

100.0

Rufener events Ltd.

Zurich

Event management

A

CHF

100

100.0

CHF

100

100.0

Oceansalt LLC

Zurich

Design

E

CHF

20

100.0

CHF

20

100.0

MCH Global AG 1)

Basel

Live Marketing Solutions

A

CHF

100

100.0

CHF

50

100.0

Art, Kunstmesse AG, in Basel

Basel

Trademark company

B

CHF

50

100.0

CHF

50

100.0

Swisstech Fachmesse AG

Basel

Trademark company

B

CHF

50

100.0

CHF

50

100.0

Natura, Internationale Fachmesse und Kongresse AG

Basel

Trademark company

B

CHF

50

100.0

CHF

50

100.0

Ineltec Fachmesse AG

Basel

Trademark company

B

CHF

50

100.0

CHF

50

100.0

Swissdata, Fachmesse für Datenverarbeitung AG

Basel

Trademark company

B

CHF

50

100.0

CHF

50

100.0

Orbit Fachmessen AG

Basel

Trademark company

B

CHF

100

100.0

CHF

100

100.0

Esthetica SA

Lausanne

Trademark company

F

CHF

100

100.0

CHF

100

100.0

Exhibit & More AG

Fällanden

Exhibitions

G

CHF

50

100.0

CHF

50

100.0

UAI Holding AG

Fällanden

Subholding

B

CHF

100

100.0

CHF

100

100.0

Design Miami Basel AG 2)

Basel

Exhibitions

B

CHF

500

50.0

CHF

500

50.0

Art Basel U.S. Corp.

Miami

Exhibitions

B

USD

100

100.0

USD

100

100.0

Asian Art Fairs Ltd.

Hong Kong

Exhibitions

B

HKD

1

100.0

HKD

1

100.0

Reflection Marketing AG

Wallisellen

Strategic Marketing Consulting

D

CHF

100

100.0

CHF

100

100.0

Seventh Plane Networks Pvt. Ltd.

New Delhi

Exhibitions

B

INR

300

60.3

INR

300

60.3

Expomobilia MCH Global Shanghai Ltd.

Shanghai

Stand construction

D

RMB

1 360

100.0

RMB

1 360

100.0

MCH US Corp.

Delaware

Live Marketing Solutions

A

USD

30 000

100.0

USD

-

-

Creative Management Services, Inc.

Missouri

Live Marketing Solutions

H

USD

0

98.0

USD

-

-

Creative Management Services, LLC

Delaware

Live Marketing Solutions

I

USD

45

98.0

USD

-

-

Creative Management Services II, LLC

Missouri

Live Marketing Solutions

K

USD

0

98.0

USD

-

-

Creative Management Holding GmbH

Hilden

Live Marketing Solutions

K

EUR

25

98.0

EUR

-

-

MC2 Europe GmbH 3)

Hilden

Live Marketing Solutions

L

EUR

200

49.0

EUR

-

-

Masterpiece London Ltd.

London

Exhibitions

B

GPB

19

67.5

GBP

-

-

 

 

 

 

 

 

 

 

Investments in associated companies

Location

Activity

 

Share capital as per 31.12.2017 in 1000

Holding as per 31.12.2017 in %

Share capital as per 31.12.2016 in 1000

Holding as per 31.12.2016 in %

Parkhaus Messe Zürich AG

Zurich

Car parking services

C

CHF

5 000

20.0

CHF

5 000

20.0

metron Vilshofen GmbH

Vilshofen

Stand construction

A

EUR

140

20.0

EUR

140

20.0

art.fair International GmbH

Cologne

Exhibitions

B

EUR

25

25.1

EUR

-

-

 

 

 

 

 

 

 

 

 

 

Minority investments

Location

Activity

 

Share capital as per 31.12.2016 in 1000

Holding as per 31.12.2016 in %

Share capital as per 31.12.2015 in 1000

Holding as per 31.12.2015 in %

Design Miami II LLC

Miami

Exhibitions

B

USD

430

10.0

USD

430

10.0

1) Former trademark company Igeho, Internationale Fachmesse AG, transferred to MCH Group Ltd. by MCH Swiss Exhibition (Basel) Ltd. in 2016.

2) The Design Miami Basel AG company is controlled by MCH Swiss Exhibition (Basel) Ltd.

3) The company MC2Europe GmbH is controlled by Creative Management Holding GmbH on the basis of a contractual agreement.

A Company directly owned by MCH Group Ltd.

B Company owned by MCH Swiss Exhibition (Basel) Ltd.

C Company owned by MCH Swiss Exhibition (Zurich) Ltd.

D Company owned by Expomobilia AG.

E Company owned by Rufener events Ltd.

F Company owned by MCH Beaulieu Lausanne SA.

G UAI Holding AG, which is wholly-owned by MCH Swiss Exhibition (Basel) Ltd., has a 60% holding in Exhibit & More AG. The remaining 40% of the shares in Exhibit & More AG are held directly by MCH Swiss Exhibition (Basel) Ltd.

H Company held by MCH US Corp.

J Company held by Creative Management Services, Inc.

K Company held by Creative Management Services, LLC.

L Company held by Creative Management Holding GmbH. The companies under letters H to L belong to the MC2 subgroup.

The book value of the investments consolidated by the equity method is made up as follows:

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Composition

31.12.2017 CHF 1000

31.12.2016 CHF 1000

Parkhaus Messe Zürich AG

1 711

1 708

metron Vilshofen GmbH

166

613

art.fair International GmbH

69

-

Total

1 946

2 321


Change in scope of consolidation

On 1 August 2016, MCH Swiss Exhibition (Basel) Ltd. acquired a majority holding of 60.3% in Seventh Plane Networks Pvt. Ltd., New Delhi, India, and took over control of the company at the same time. This was therefore the date taken for initial consolidation. Seventh Plane Networks Pvt. Ltd. organises the annual India Art Fair in New Delhi. As per the date of acquisition in the 2016 business year, Seventh Plane Networks Pvt. Ltd., New Delhi, India, had cash and cash equivalents of CHF 0.2 million, other current receivables of CHF 1.4 million, fixed assets of CHF 0.1 million and liabilities of CHF 1.1 million. The net assets acquired, valued at their market value, are thus CHF 0.6 million as per 1 August 2016. MCH Swiss Exhibition (Basel) Ltd. is entitled to acquire further shares in Seventh Plane Networks Pvt. Ltd.

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On 1 January 2017, MCH Swiss Exhibition (Basel) Ltd. acquired a 25.1% share in the capital of art.fair International GmbH, Cologne (Germany). art.fair International GmbH stages the annual ART DÜSSELDORF art fair. MCH Swiss Exhibition (Basel) Ltd. is entitled to successively increase its minority holding.

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On 30 April 2017, MCH US Corp. acquired 100% of the shares in MC2, New York (USA) and, at the same time, took over control of the company. In a further step, 2% of the shares were sold to the local management. As per the date of acquisition, MC2 had cash and cash equivalents of CHF 1.3 million, other current receivables of CHF 38.4 million, fixed assets of CHF 4.0 million and liabilities of CHF 23.2 million. The net assets acquired, valued at their market value, are thus CHF 20.5 million as per 30 April 2017. MCH Group Ltd. has a repurchasing right permitting it, as of 30 April 2020, to buy back, indirectly via the intermediate company, the shares in Creative Management Services LLC that are held by the management. MCH Group Ltd. can similarly be obliged by anyone on the management to buy back their share in Creative Management Services LLC indirectly via the intermediate company.

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MCH Swiss Exhibition (Basel) Ltd. acquired 67.5% of the shares in Masterpiece London Ltd. on 30 November 2017 and, at the same time, took over control of the company. As per the date of acquisition, Masterpiece London had cash and cash equivalents of CHF 0.5 million, other current receivables of CHF 0.8 million, fixed assets of CHF 0.0 million and liabilities of CHF 0.7 million. The net assets acquired, valued at the market value, are thus CHF 0.6 million as per 30 November 2017. MCH Swiss Exhibition (Basel) Ltd. is entitled to acquire the remaining shares following the registration of the 2023 audited annual accounts for Masterpiece London Ltd.

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