| download table |
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
€ million |
Investments |
Other |
Other |
Financial |
|
|
|
|
|
|
|
Cost |
|
|
|
|
|
Balance as of Jan. 1, 2007 |
98.3 |
64.3 |
2.4 |
66.7 |
|
Additions |
114.3 |
6.4 |
0.1 |
6.5 |
|
Disposals |
– |
– |
–0.4 |
–0.4 |
|
Changes in the scope of consolidation |
–9.7 |
– |
– |
– |
|
Exchange rate differences |
–6.7 |
– |
– |
– |
|
Balance as of Dec. 31, 2007 |
196.2 |
70.7 |
2.1 |
72.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Write-downs |
|
|
|
|
|
Balance as of Jan. 1, 2007 |
– |
1.5 |
– |
1.5 |
|
Additions |
– |
0.6 |
– |
0.6 |
|
Balance as of Dec. 31, 2007 |
– |
2.1 |
– |
2.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net carrying amounts |
196.2 |
68.6 |
2.1 |
70.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost |
|
|
|
|
|
Balance as of Jan. 1, 2008 |
196.2 |
70.7 |
2.1 |
72.8 |
|
Additions |
26.2 |
3.4 |
60.3 |
63.7 |
|
Disposals |
–2.2 |
– |
–0.2 |
–0.2 |
|
Changes in the scope of consolidation |
–2.8 |
–62.1 |
– |
–62.1 |
|
Changes resulting from application of equity method |
–36.2 |
– |
– |
– |
|
Exchange rate differences |
10.6 |
0.4 |
– |
0.4 |
|
Balance as of Dec. 31, 2008 |
191.8 |
12.4 |
62.2 |
74.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Write-downs |
|
|
|
|
|
Balance as of Jan. 1, 2008 |
– |
2.1 |
– |
2.1 |
|
Additions |
– |
0.1 |
– |
0.1 |
|
Exchange rate differences |
– |
0.4 |
– |
0.4 |
|
Balance as of Dec. 31, 2008 |
– |
2.6 |
– |
2.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net carrying amounts |
191.8 |
9.8 |
62.2 |
72.0 |
The change in the carrying amounts of the investments resulting from changes in the scope of consolidation relate to the shares hitherto held in the APP companies. In the course of the acquisition of the remaining shares, the corresponding investments were disposed of on the basis of full consolidation.
The previous year’s additions of joint ventures and associates consolidated at equity relate mainly to our investment in Dow Corning (Zjg) Holding Pte. Ltd., Singapore. In December, additionally, a shareholder loan amounting to €60.3 million was granted under usual terms and conditions to Siltronic Samsung Wafer Pte. Ltd., Singapore. The addition is reported under other financial investments.
The loan was part of an agreement signed as of December 23, 2008 about granting a shareholder loan. In addition to the payment of interest and the settlement of the loan, Siltronic AG has been granted the right to convert the loan into equity (call option). The exercise period for this option starts on January 1, 2010 and ends on December 31, 2012.
The previous year’s additions of joint ventures and associates consolidated at equity relate mainly to our investment in Siltronic Samsung Wafer Pte. Ltd., Singapore and our investment in WACKER SCHOTT Solar GmbH, Jena, Germany.
For more financial information on associated companies and joint ventures. See Note 23