02 Income From Investments in Joint Ventures and Associates / Other Income from Participations / Net Interest Income / Other Financial Results / Limited Partnerships Interests

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€ million

2008

2007

1

The income from investments in joint ventures and associates relates mainly to companies in Germany, the USA, China, and Singapore. This income includes not only the pro rata shares of net results, but also sums from the reversal of differences between the acquisition cost of the investment and the proportion of equity at the time of acquisition, as well as effects from pro rata eliminations of intercompany profits.

2

The income from participations in the previous year relates mainly to investments in companies in the USA.

3

In the WACKER Group, partnerships in which minority shareholders have interests were consolidated as of January 31, 2008. The proportion of respective partnerships’ net income due to these minority shareholders is shown under this item. In the balance sheet, the minority shareholders’ proportion of the equity in these partnerships is presented separately as noncurrent debt.

 

 

 

Income from investments in joint ventures and associates1

–33.7

–9.3

of which pro-rata result attributable to joint ventures

–23.4

–3.2

 

 

 

 

 

 

Other income from participations

 

 

Income from participations2

0.4

8.2

Other income from participations

0.1

Impairment of participations

–0.1

–0.6

 

0.3

7.7

 

 

 

 

 

 

Net interest income

 

 

Interest and similar income

17.3

14.6

of which from financial instruments available for sale

1.9

0.3

of which from financial instruments held to maturity

8.0

5.8

Interest and similar expenses

–11.6

–15.6

 

5.7

–1.0

 

 

 

 

 

 

Other financial results

 

 

Other financial income

0.2

1.1

Interest effect of noncurrent provisions/liabilities/finance lease

–7.2

–1.3

Other financial expenses

–3.9

–1.0

 

–10.9

–1.2

 

 

 

 

 

 

Limited partnership interests3

–0.9

–15.3