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EXHIBIT 21
PARENTS AND SUBSIDIARIES
As of December 31, 2002
| State or country of incorporation or organization | Percentage of voting securities owned by its immediate parent | |||||||
---|---|---|---|---|---|---|---|---|---|
Registrant: | |||||||||
International Business Machines Corporation | New York | ||||||||
Subsidiaries: | |||||||||
IBM Credit Corporation | Delaware | 100 | |||||||
Lotus Development Corporation | Delaware | 100 | |||||||
Tivoli Systems Inc. | Delaware | 100 | |||||||
IBM World Trade Corporation | Delaware | 100 | |||||||
IBM Central and Eastern Europe/ Middle East/Africa, Inc | Delaware | 100 | |||||||
IBM Plans Management Corporation | New York | 88 | (A) | ||||||
IBM World Trade Asia Corporation | Delaware | 100 | |||||||
IBM World Trade Holding LLC | Delaware | 100 | |||||||
WTC Insurance Corporation, Ltd. | Bermuda | 100 | |||||||
IBM Argentina, S.A. | Argentina | 100 | (A) | ||||||
IBM Australia Ltd. | Australia | 100 | |||||||
IBM Bahamas Ltd. | Bahamas | 100 | |||||||
IBM de Bolivia, S.A. | Bolivia | 100 | |||||||
IBM Americas Holding Limited | Bermuda | 100 | |||||||
IBM Brasil Industria, Maquinas e Servicos Ltda | Brazil | 100 | (A) | ||||||
Donelly Financial Inc. | British V.I. | 100 | |||||||
IBM Foreign Sales Corporation | Barbados | 100 | |||||||
Fitzal Capital Inc. | British V.I. | 100 | |||||||
IBM Canada Credit Services Company | Canada | 100 | |||||||
IBM Canada Limited—IBM Canada Limitee | Canada | 100 | |||||||
IBM China Company Limited | China | 100 | |||||||
IBM China/Hong Kong Limited | Hong Kong | 100 | |||||||
IBM de Chile, S.A.C. | Chile | 100 | (A) | ||||||
IBM de Colombia, S.A. | Colombia | 90 | (A) | ||||||
IBM Middle East FZE | United Arab Emirates | 100 | |||||||
IBM Middle East FZ-LLC | United Arab Emirates | 100 | |||||||
IBM del Ecuador, S.A. | Ecuador | 100 | |||||||
IBM Global Services India Pvt. Ltd. | India | 90 | (A/B) | ||||||
IBM India Ltd. | India | 100 | |||||||
YK IBM AP Holdings | Japan | 100 | |||||||
IBM Japan, Ltd. | Japan | 100 | |||||||
IBM Asia Pacific Service Corporation | Japan | 100 | |||||||
IBM Business Consulting Services KK | Japan | 100 | |||||||
Display Technologies, Inc. | Japan | 100 | |||||||
IBM Korea, Inc. | Korea (South) | 100 | |||||||
PT IBM Indonesia | Indonesia | 99 | |||||||
IBM Malaysia Sdn. Bhd | Malaysia | 100 | |||||||
Financiera de Tecnologia e Informatica S.A. de C.V., Sociedad Financiera del Objecto Limitado Filial | Mexico | 99 | (A) | ||||||
Grupo IBM Mexico, S.A. de C.V. | Mexico | 100 | (B) | ||||||
IBM de Mexico, S.A. | Mexico | 100 | (B) | ||||||
IBM New Zealand Ltd. | New Zealand | 100 | |||||||
IBM del Peru, S.A. | Peru | 100 | |||||||
IBM Philippines, Incorporated | Philippines | 100 | (B) | ||||||
IBM Romania Srl | Romania | 100 | |||||||
IBM Taiwan Corporation | Taiwan | 100 | (A) | ||||||
IBM Thailand Company Ltd. | Thailand | 100 | (B) | ||||||
IBM del Uruguay, S.A. | Uruguay | 100 | |||||||
IBM de Venezuela, S.A. | Venezuela | 100 | |||||||
IBM Vietnam Company | Vietnam | 100 | |||||||
International Business Machines of Belgium S.A. | Belgium | 100 | (A) | ||||||
IBM Bulgaria Ltd. | Bulgaria | 100 | |||||||
IBM Croatia Ltd./ IBM Hrvatska d.o.o. | Croatia | 100 | |||||||
IBM Global Services Delivery Center Czech Republic s.r.o. | Czech Republic | 100 | |||||||
IBM Business Consulting Services s.r.o. | Czech Republic | 100 | |||||||
IBM Eesti Osauhing (IBM Estonia Ou) | Estonia | 100 | |||||||
Compagnie IBM France, S.A. | France | 100 | (B) | ||||||
IBM Eurocoordination | France | 96 | (A) | ||||||
Tunisian Business Machines (TBM) | Tunisia | 83 | (B) | ||||||
IBM Europe Middle East Africa | France | 100 | (A) | ||||||
IBM International Treasury Services Company | Ireland | — | (C) | ||||||
IBM Italia S.p.A. | Italy | 100 | |||||||
IBM Hellas Information Handling Systems S.A. | Greece | 100 | (A) | ||||||
IBM Israel Ltd. | Israel | 100 | (A) | ||||||
Companhia IBM Portuguesa, S.A. | Portugal | 100 | |||||||
IBM (International Business Machines) Turk Ltd. Sirketi | Turkey | 98 | (A) | ||||||
IBM South Africa (Pty) Ltd. | South Africa | 100 | |||||||
IBM East Africa Limited | Kenya | 67 | (A) | ||||||
Sabiedriba ar irobezotu atbildibu IBM Latvija | Latvia | 100 | |||||||
IBM Lietuva | Lithuania | 100 | |||||||
IBM Business Consulting Services Limited | Lebanon | 98 | (A) | ||||||
IBM BTO Global Holdings B.V. | Netherlands | 100 | |||||||
IBM Business Consulting Services Eastern Europe B.V. | Netherlands | 100 | |||||||
IBM Far East Holdings B.V. | Netherlands | 100 | |||||||
International Information Products (Shenzhen) Co., Ltd. | China | 80 | |||||||
IBM Holdings B.V. | Netherlands | 100 | |||||||
IBM Global Holdings B.V | Netherlands | 65 | (A) | ||||||
IBM Central Holdings GmbH | Germany | 100 | |||||||
IBM Ceskra Republika spol.s.r.o. | Czech Republic | 100 | |||||||
IBM Deutschland GmbH | Germany | 100 | |||||||
IBM Oesterreich Internationale Bueromaschinen Gesellschaft m.b.H. | Austria | 100 | |||||||
IBM (Schweiz)—IBM (Suisse)—IBM (Swizzera)—IBM (Switzerland) | Suitzerland | 100 | |||||||
IBM East Europe/Asia Ltd. | Russia | 100 | |||||||
IBM Polska Sp. z.o.o. | Poland | 100 | |||||||
International Business Machines Corporation Magysrorssyagi Kft. | Hungary | 100 | (A) | ||||||
IBM Eastern Europe Holdings B.V. | Netherlands | 100 | (A) | ||||||
IBM Global Services Kft. | Hungary | 100 | |||||||
IBM International Holdings B.V. | Netherlands | 100 | |||||||
IBM Ireland Limited | Ireland | 100 | |||||||
IBM Singapore Pte. Ltd. | Singapore | 100 | |||||||
IBM Storage Products Kft. | Hungary | 100 | |||||||
IBM North Region Holdings | United Kingdom | 100 | (B) | ||||||
IBM Nederland N.V. | Netherlands | 100 | |||||||
IBM United Kingdom Holdings Limited | United Kingdom | 100 | |||||||
IBM United Kingdom Limited | United Kingdom | 100 | |||||||
IBM International Centre for Asset Management N.V. | Netherlands | 100 | |||||||
International Business Machines A/S | Norway | 60 | (A) | ||||||
IBM West Africa Limited | Nigeria | 100 | |||||||
IBM Slovensko spol.s.r.o. | Slovak Republic | 100 | |||||||
IBM Slovenija d.o.o. | Slovenia | 100 | |||||||
International Business Machines, S.A. | Spain | 100 | (A) | ||||||
IBM Nordic Aktiebolag | Sweden | 100 | |||||||
IBM Danmark A/S | Denmark | 100 | |||||||
Oy International Business Machines AB | Finland | 100 | |||||||
IBM Svenska Aktiebolag | Sweden | 100 | |||||||
IBM Business Consulting Services Limited | United Kingdom | 98 | (B) | ||||||
IBM (International Business Machines) Is Danismanlik Hizmetleri Limited | Turkey | 100 |
- (A)
- Remaining percentage owned by other wholly-owned IBM company(s).
- (B)
- Minor percentage held by other IBM shareholders, subject to repurchase option.
- (C)
- IBM Germany owns 33.7%, IBM France owns 13.5%, IBM Finland owns 10.1%, IBM Denmark owns 18.0% and IBM Switzerland owns 24.7% of IBM International Treasury Services Company.
PARENTS AND SUBSIDIARIES As of December 31, 2002