Scope of Consolidation

The consolidated financial statements include the financial statements of Wacker Chemie AG and its subsidiaries. Subsidiaries are defined as companies in which Wacker Chemie AG directly or indirectly holds a voting majority or exercises control. Joint ventures and associated companies are defined as companies in which Wacker Chemie AG exercises significant influence. This normally means that it holds 20 – 50% of the voting rights. These companies are included in the consolidated financial statements using the equity method. If joint ventures and associated companies have their own subsidiaries, these are not included in the table below. Companies in which Wacker Chemie AG has a shareholding of less than 20% are shown as other investments under noncurrent financial assets.

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€ million

  

Germany

  

Rest of Europe

  

Americas

  

Asia

  

Other
regions

  

Total

1

Not consolidated on grounds of insignificance (W.E.L.T. Reisebüro GmbH; shareholding: 51%; sales in the 2008 fiscal year below €1 million; total assets below €0.5 million)

 

  

 

  

 

  

 

  

 

  

 

  

 

Fully consolidated subsidiaries
(including proprietary company)

 

 

  

 

  

 

  

 

  

 

Jan. 1, 2009

  

16

  

13

  

6

  

21

  

1

  

57

Additions

  

2

  

–

  

1

  

–

  

–

  

3

Disposals and mergers

  

-3

  

-1

  

-2

  

–

  

–

  

-6

Reclassifications

  

–

  

–

  

–

  

-1

  

1

  

0

Dec. 31, 2009

  

15

  

12

  

5

  

20

  

2

  

54

 

  

 

  

 

  

 

  

 

  

 

  

 

Companies consolidated using the equity method

  

 

  

 

  

 

  

 

  

 

  

 

Jan. 1, 2009

  

2

  

–

  

1

  

4

  

–

  

7

Disposals and mergers

  

-1

  

–

  

–

  

–

  

–

  

-1

Dec. 31, 2009

  

1

  

–

  

1

  

4

  

–

  

6

 

  

 

  

 

  

 

  

 

  

 

  

 

Non-consolidated affiliated companies1

  

 

  

 

  

 

  

 

  

 

  

 

Jan. 1, 2009

  

1

  

–

  

–

  

–

  

–

  

1

Dec. 31, 2009

  

1

  

–

  

–

  

–

  

–

  

1

 

  

 

  

 

  

 

  

 

  

 

  

 

Total

  

 

  

 

  

 

  

 

  

 

  

 

Jan. 1, 2009

  

19

  

13

  

7

  

25

  

1

  

65

Additions

  

2

  

–

  

1

  

–

  

–

  

3

Disposals and mergers

  

-4

  

-1

  

-2

  

–

  

–

  

-7

Reclassifications

  

–

  

–

  

–

  

-1

  

1

  

0

Dec. 31, 2009

  

17

  

12

  

6

  

24

  

2

  

61



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Changes in the Scope of Consolidation

  

 

Additions

  

 

Wacker Polysilicon GmbH & Co. KG, Nünchritz, Germany (founded in 2009)

  

100%

Wacker Polysilicon Geschäftsführungs GmbH, Nünchritz, Germany (founded in 2009)

  

100%

Wacker Polysilicon North America LLC, Tennessee, USA (founded in 2009)

  

100%

 

  

 

Disposals/mergers of fully consolidated subsidiaries

  

 

Wacker Polymer Systems L.P., Pennsylvania, USA
(merged with Wacker Chemical Corp. as of April 1, 2009)

  

100%

WPS General Partners Inc., Pennsylvania, USA
(merged with Wacker Chemical Corp. as of April 1, 2009)

  

100%

Wacker Polymer Systems GmbH & Co. KG, Burghausen, Germany
(merged with Wacker Chemie AG as of July 1, 2009)

  

100%

Wacker Polymer Systems Geschäftsführungs GmbH, Burghausen, Germany
(merged with Wacker Chemie AG as of July 1, 2009)

  

100%

Wacker Chemie (Schweiz) AG, Basel, Switzerland (liquidated as of August 24, 2009)

  

100%

WACKER SCHOTT Solar Vertriebs GmbH, Jena, Germany (sold as of October 27, 2009)

  

51%

 

  

 

Disposals/mergers at companies consolidated using the equity method

  

 

WACKER SCHOTT Solar GmbH, Jena, Germany (sold as of October 27, 2009)

  

50%

The changes in the scope of consolidation had no material impact on the Group’s net assets, financial position, or results of operations.

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