Note 6 - Investment in Subsidiaries

Company (Amounts in USD 1,000)

Registered office

Ownership and
voting share

Revenue

Net
profit

Share
capital

Book
equity

Cost
price

Book
value

                 

Siem Offshore AS

Kristiansand, Norway

100%

7,484

91

35

7,367

7,597

8,943

Siem Offshore Invest AS

Kristiansand, Norway

100%

25,408

-15,085

898

64,395

97,117

77,277

Siem Offshore Rederi AS

Kristiansand, Norway

100%

122,288

-141,318

6,175

614,247

583,396

583,396

Siem Offshore Construction Vessels AS

Kristiansand, Norway

100%

4,729

-10,027

4

-10,024

4

4

Siem Offshore do Brasil SA

Rio de Janeiro, Brazil

100%

42,969

-21,630

116,789

-48,985

120,026

90,661

Siem Offshore US Inc.

Delaware, USA

100%

-

-7

5

-52

-

-

Siem AHTS Pool AS

Kristiansand, Norway

100%

50,984

-1,075

17

5,494

21

21

DSND Subsea Ltd

London, England

100%

-

-13

-

-222

18,352

-

Siem Offshore Services AS

Kristiansand, Norway

100%

16,699

168

18

1,734

292

1,637

Siem Offshore Management AS

Kristiansand, Norway

100%

9,285

443

17

631

5,127

5,459

Siem Offshore Management (US) Inc

Texas, USA

100%

355

79

1

253

1

1

Siem Offshore US Holding AS

Kristiansand, Norway

100%

-

-528

5

-52

5

678

Siem Offshore Crewing (CI) Inc

Cayman Islands

100%

320

275

50

1,302

50

50

Total value recorded in the statement of financial position of the parent company

       

636,088

831,989

768,127

The book value in Siem Offshore do Brasil SA was increased with USD 22.9 million, Siem Offshore Management AS reduced with USD 1.0 million
and Siem Offshore Invest AS increased with USD 0.2 million in 2015.

The above companies are owned by the Parent Company. In addition, the subsidiaries own the following companies:

Company

Registered office

Share and voting rights

Consub Delaware LLC

Delaware, USA

100%

Aracaju Servi├žos Auxiliares Ltda

Rio de Janeiro, Brazil

100%

Siem Offshore Crewing AS

Kristiansand, Norway

100%

Siem Meling Offshore DA

Stavanger, Norway

51%

Siem WIS AS

Bergen, Norway

60%

Siem Offshore Maritime Personnel AS

Kristiansand, Norway

100%

Siem Offshore Contractors GmbH

Leer, Germany

100%

Siem Offshore Contractors EPS BV

Glimmen, The Netherlands

100%

Overseas Drilling Ltd

Groningen, The Netherlands

100%

Siem Offshore Canada Inc

Halifax, Canada

100%

Siem Offshore Poland Sp.z.O.O

Gdynia, Poland

100%

Siem Offshore Australia Pty Ltd

Perth, Australia

100%

Siem Real Estate GmbH

Leer, Germany

100%

Siem Offshore Contractors UK Ltd

London, UK

100%

Siem Offshore Ghana International AS

Kristiansand, Norway

51%

Siem Offshore LLC

Delaware, USA

100%