| download table |
|
€ million |
Investment |
Investments |
Other |
Financial | ||||
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Cost |
|
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| ||||
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Balance as of Jan. 1, 2009 |
191.8 |
12.4 |
62.2 |
74.6 | ||||
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Additions |
32.1 |
0.6 |
– |
0.6 | ||||
|
Disposals |
– |
-0.6 |
-0.1 |
-0.7 | ||||
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Other changes |
– |
– |
2.4 |
2.4 | ||||
|
Changes resulting from application of equity method |
-83.7 |
– |
– |
– | ||||
|
Exchange rate differences |
– |
– |
0.1 |
0.1 | ||||
|
Balance as of Dec. 31, 2009 |
140.2 |
12.4 |
64.6 |
77.0 | ||||
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Depreciation |
|
|
|
| ||||
|
Balance as of Jan. 1, 2009 |
– |
2.6 |
– |
2.6 | ||||
|
Disposals |
– |
-0.6 |
– |
-0.6 | ||||
|
Exchange rate differences |
– |
-0.1 |
– |
-0.1 | ||||
|
Balance as of Dec. 31, 2009 |
– |
1.9 |
– |
1.9 | ||||
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Net carrying amounts as of Dec. 31, 2009 |
140.2 |
10.5 |
64.6 |
75.1 | ||||
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Cost |
|
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|
| ||||
|
Balance as of Jan. 1, 2010 |
140.2 |
12.4 |
64.6 |
77.0 | ||||
|
Additions |
0.8 |
0.6 |
11.7 |
12.3 | ||||
|
Disposals |
-6.9 |
-0.2 |
-0.3 |
-0.5 | ||||
|
Other changes |
– |
– |
2.8 |
2.8 | ||||
|
Changes resulting from application of equity method |
-43.0 |
– |
– |
– | ||||
|
Exchange rate differences |
20.6 |
0.4 |
11.5 |
11.9 | ||||
|
Balance as of Dec. 31, 2010 |
111.7 |
13.2 |
90.3 |
103.5 | ||||
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Depreciation |
|
|
|
| ||||
|
Balance as of Jan. 1, 2010 |
– |
1.9 |
– |
1.9 | ||||
|
Disposals |
– |
-0.2 |
– |
-0.2 | ||||
|
Exchange rate differences |
– |
0.4 |
– |
0.4 | ||||
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Balance as of Dec. 31, 2010 |
– |
2.1 |
– |
2.1 | ||||
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| ||||
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Net carrying amounts as of Dec. 31, 2010 |
111.7 |
11.1 |
90.3 |
101.4 |
The disposal at the investments in associates accounted for using the equity method in 2010 concerns the sale of Planar Solutions LLC, Adrian (Michigan), USA.
In December 2010, a shareholder loan was granted to Siltronic Samsung Wafer Pte. Ltd., Singapore, in the amount of €11.7 million on normal market terms. The addition was shown under other financial assets. Over and above the interest and repayment agreements, the loan agreement grants WACKER the right to convert the loan into equity (call option). The exercise period for this option starts on January 1, 2016 and ends on March 31, 2016. In January 2011, the other joint-venture shareholder (Samsung) issued a loan of the same amount and at the same conditions, to which a call option is attached, as well.
The addition to the investments in associates accounted for using the equity method in 2009 mainly related to a capital payment into the joint venture Dow Corning (ZJG) Holding Co. Private Ltd., Singapore.
For more financial information on associated companies and joint ventures, see Note 23