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 has, in any other way, the power to govern the financial and business policies of an entity in order to benefit from its activities. In assessing control, we take potential voting rights that presently are exercisable or convertible into account. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. 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 percent 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 percent are shown as other investments under noncurrent financial assets.
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Number |
Germany |
Rest of Europe |
The Americas |
Asia |
Other regions |
Total | ||||||||
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Fully consolidated subsidiaries |
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Jan. 1, 2010 |
15 |
12 |
5 |
20 |
2 |
54 | ||||||||
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Additions |
– |
1 |
– |
– |
– |
1 | ||||||||
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Disposals and mergers |
-1 |
– |
– |
-4 |
– |
-5 | ||||||||
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Reclassifications |
– |
– |
– |
– |
– |
– | ||||||||
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Dec. 31, 2010 |
14 |
13 |
5 |
16 |
2 |
50 | ||||||||
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Companies consolidated using the equity method |
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Jan. 1, 2010 |
1 |
– |
1 |
4 |
– |
6 | ||||||||
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Disposals and mergers |
– |
– |
-1 |
– |
– |
-1 | ||||||||
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Dec. 31, 2010 |
1 |
– |
– |
4 |
– |
5 | ||||||||
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Non-consolidated affiliated companies1 |
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Jan. 1, 2010 |
1 |
– |
– |
– |
– |
1 | ||||||||
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Dec. 31, 2010 |
1 |
– |
– |
– |
– |
1 | ||||||||
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Total |
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Jan. 1, 2010 |
17 |
12 |
6 |
24 |
2 |
61 | ||||||||
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Additions |
– |
1 |
– |
– |
– |
1 | ||||||||
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Disposals and mergers |
-1 |
– |
-1 |
-4 |
– |
-6 | ||||||||
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Dec. 31, 2010 |
16 |
13 |
5 |
20 |
2 |
56 | ||||||||
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Changes in the Scope of Consolidation |
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Additions of fully consolidated subsidiaries |
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Wacker Chemicals Norway AS, Holla, Norway (founded in 2010) |
100 % | |
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Disposals/mergers of fully consolidated subsidiaries |
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Wacker Silicones Technology (Shanghai) Ltd., China (liquidated as of March 1, 2010) |
100 % | |
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Wacker Polymer Materials (Shanghai) Ltd., China |
100 % | |
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Wacker Polymer Systems (Zhangjiagang) Co. Ltd., China |
100 % | |
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Wacker Polysilicon GmbH & Co. KG, Nünchritz, Germany |
100 % | |
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Wacker Chemicals China Ltd., China (liquidated as of October 29, 2010) |
100 % | |
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Additions/mergers of companies consolidated using the equity method |
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Thin Materials AG, Eichenau, Germany (successive acquisition of shareholding) |
35 % | |
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Disposals of companies consolidated using the equity method |
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Planar Solutions LLC, Adrian, Michigan, USA |
50 % |
The changes in the scope of consolidation had no substantial impact on the Group’s earnings, assets or financial position.