ABB Ltd Management Report 2016
ABB Ltd is the holding company of the ABB Group, owning directly or indirectly all subsidiaries globally.
The major business activities during 2016 can be summarized as follows:
The Company provided management services to a Group company of CHF 25 million.
- share buyback for employee share programs of CHF 93 million
- share buyback for reduction of share capital of CHF 1,162 million
- share deliveries for employee share programs of CHF 252 million
Dividend payment to external shareholders
- in form of a par value reduction of CHF 1,581 million
The Company reduced its share capital by CHF 86 million in form of cancellation of 100 million shares of a par value of CHF 0.86. In addition, the Company reduced its share capital by CHF 1,639 million in the form of a par value reduction from CHF 0.86 to CHF 0.12 per share.
In 2016, the Company employed on average 21 employees.
Once a year, the Company’s board of directors performs a risk assessment in accordance with the Group’s risk management process and discusses appropriate actions if necessary.
The Company does not carry out any research and development business.
In 2017, the Company will continue to operate as the holding company of the ABB Group. No change of business is expected.
March 10, 2017