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 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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1

Not consolidated on grounds of insignificance (W.E.L.T. Reisebüro GmbH; shareholding: 51 percent; sales in 2010 below €1 million; total assets below €0.5 million)

Number

 

Germany

 

Rest of Europe

 

The Americas

 

Asia

 

Other regions

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Fully consolidated subsidiaries
(incl. parent company)

 

 

 

 

 

 

 

 

 

 

 

 

Jan. 1, 2010

 

15

 

12

 

5

 

20

 

2

 

54

Additions

 

 

1

 

 

 

 

1

Disposals and mergers

 

-1

 

 

 

-4

 

 

-5

Reclassifications

 

 

 

 

 

 

Dec. 31, 2010

 

14

 

13

 

5

 

16

 

2

 

50

 

 

 

 

 

 

 

 

 

 

 

 

 

Companies consolidated using the equity method

 

 

 

 

 

 

 

 

 

 

 

 

Jan. 1, 2010

 

1

 

 

1

 

4

 

 

6

Disposals and mergers

 

 

 

-1

 

 

 

-1

Dec. 31, 2010

 

1

 

 

 

4

 

 

5

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-consolidated affiliated companies1

 

 

 

 

 

 

 

 

 

 

 

 

Jan. 1, 2010

 

1

 

 

 

 

 

1

Dec. 31, 2010

 

1

 

 

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

Jan. 1, 2010

 

17

 

12

 

6

 

24

 

2

 

61

Additions

 

 

1

 

 

 

 

1

Disposals and mergers

 

-1

 

 

-1

 

-4

 

 

-6

Dec. 31, 2010

 

16

 

13

 

5

 

20

 

2

 

56

 

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Changes in the Scope of Consolidation

 

 

Additions of fully consolidated subsidiaries

 

 

Wacker Chemicals Norway AS, Holla, Norway (founded in 2010)

 

100 %

 

 

 

Disposals/mergers of fully consolidated subsidiaries

 

 

Wacker Silicones Technology (Shanghai) Ltd., China (liquidated as of March 1, 2010)

 

100 %

Wacker Polymer Materials (Shanghai) Ltd., China
(merged with Wacker Chemicals China (Holding) Co. Ltd., China, as of September 30, 2010

 

100 %

Wacker Polymer Systems (Zhangjiagang) Co. Ltd., China
(merged with Wacker Chemicals (Zhangjiagang) Silicone Co. Ltd., China, as of September 30, 2010)

 

100 %

Wacker Polysilicon GmbH & Co. KG, Nünchritz, Germany
(merged with Wacker Chemie AG as of October 1, 2010)

 

100 %

Wacker Chemicals China Ltd., China (liquidated as of October 29, 2010)

 

100 %

 

 

 

Additions/mergers of companies consolidated using the equity method

 

 

Thin Materials AG, Eichenau, Germany (successive acquisition of shareholding)

 

35 %

 

 

 

Disposals of companies consolidated using the equity method

 

 

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.