EY Corporate homepage

37 Investments in subsidiaries

Name   Country of
incorporation
  Principal country
of business
  % Equity
interest
30 June 2016
  % Equity
interest
30 June 2015
                 
Ernst & Young Accountants LLP   United Kingdom   The Netherlands   100%   100%
Ernst & Young Belastingadviseurs LLP   United Kingdom   The Netherlands   100%   100%
Ernst & Young Participaties Coöperatief U.A.   The Netherlands   The Netherlands   99.99%   99.99%

EYNL also owns the remaining 0.01 % (30 June 2015: 0.01%) of Ernst & Young Participaties Coöperatief U.A. through indirect share holdings. Ernst & Young Participaties Coöperatief U.A. has three members. The members have equal voting rights.

During 2014/2015, a capital payment of €11.0 million was made to Ernst & Young Participaties Coöperatief U.A. by EYNL. Besides the current account liability of Ernst & Young Participaties Coöperatief U.A. to EYNL was turned into capital (€11.0 million).

The share of profit from investments is as follows:

    2015/2016   2014/2015
    €000   €000
         
Ernst & Young Accountants LLP   62,459   67,048
Ernst & Young Belastingadviseurs LLP   64,867   60,608
         
    127,326   127,656