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11. Investments

Investments 2020

EUR 1,000
Shares in Group companies Other investments in group companies Total
Acquisition cost 1 Jan 8,794   8,794
Additions -124   -124
Acquisition cost 31 Dec 8,670   8,670
       
Book value 31 Dec, 2020 8,670   8,670
       
Investments 2019

EUR 1,000
Shares in Group companies Other investments in group companies Total
Acquisition cost 1 Jan 8,794   8,794
Additions      
Acquisition cost 31 Dec 8,794   8,794
       
Book value 31 Dec, 2019 8,794   8,794
       
Shares in subsidiaries held by the parent company
Name of the subsidiary Domicile Parent company ownership, % Carrying value
EUR 1,000
Tecnotree Ltd. County Clare, Ireland 100.00  
Tecnotree Sistemas de Telecommunicacao Ltda Sao Paulo, Brazil 100.00 902
Tecnotree (M) Sdn Bhd Kuala Lumpur, Malaysia 100.00 42
Tecnotree France SARL Paris, France 100.00 1
Tecnotree Services Oy Espoo, Finland 100.00 8
Tecnotree Argentina SRL Cordoba, Argentina 100.00 257
Lifetree Cyberworks Pvt. Ltd Bangalore, India 100.00 1,189
Tecnotree Convergence Ltd Bangalore, India 46.08 6,229
Tecnotree Convergence (Middle East) FZ-LLC Dubai, United Arab Emirates 100.00 20
Tecnotree Nigeria Limited Lagos, Nigeria 99.99 23
Total     8,671