23 Breakdown of Shareholdings /
Key Indicators of Joint Ventures and Associated Companies
Unless otherwise stated, the following figures for international subsidiaries were calculated in accordance with IFRS.
Affiliated Companies
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Serial number |
Activity |
Identifier* |
Equity in € ’000 |
Net income for the year in € ’000 |
Capital share in % |
Held by serial number1 |
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Germany |
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1 |
Alzwerke GmbH, Munich |
Other |
a), b) |
7,160 |
– |
100.00 |
0 |
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2 |
DRAWIN Vertriebs-GmbH, Hohenbrunn |
a), b) |
5,016 |
– |
100.00 |
0 |
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3 |
W.E.L.T. Reisebüro GmbH, Munich2 |
Other |
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120 |
64 |
51.00 |
0 |
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4 |
Wacker-Chemie Versicherungsvermittlung GmbH, Munich |
Other |
a), b) |
26 |
– |
100.00 |
0 |
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5 |
Wacker-Chemie Beteiligungsfinanzierungs GmbH, Munich |
– |
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30 |
– |
100.00 |
0 |
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6 |
Wacker Polysilicon Geschäftsführungs GmbH, Nünchritz |
– |
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27 |
– |
100.00 |
0 |
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7 |
Wacker-Chemie Erste Venture GmbH, Munich |
– |
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80 |
– |
100.00 |
0 |
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8 |
Wacker-Chemie Zweite Venture GmbH, Munich |
– |
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36 |
– |
100.00 |
0 |
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9 |
Wacker-Chemie Dritte Venture GmbH, Munich |
Holding |
a), b) |
387,727 |
– |
100.00 |
0 |
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10 |
Wacker-Chemie Sechste Venture GmbH, Munich |
– |
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28 |
– |
100.00 |
0 |
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11 |
Wacker Biotech GmbH, Jena |
Biosolutions |
a), b) |
290 |
– |
100.00 |
0 |
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12 |
Scil Proteins Production GmbH, Halle |
Biosolutions |
a), b) |
10,311 |
459 |
100.00 |
11 |
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13 |
Wacker-Chemie Siebte Venture GmbH, Munich |
– |
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25 |
– |
100.00 |
0 |
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14 |
Wacker-Chemie Achte Venture GmbH, Munich |
– |
a), b) |
2,753 |
– |
100.00 |
0 |
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15 |
Siltronic AG, Munich |
Siltronic |
a), b) |
448,516 |
– |
90.00 |
9 |
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10.00 |
0 |
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Rest of Europe |
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16 |
Wacker Chemicals Finance B.V., Krommenie / Amsterdam, Netherlands |
Holding |
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1,190,280 |
293 |
100.00 |
0 |
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17 |
Wacker-Chemicals Ltd., Egham, Surrey, Great Britain |
Sales and distribution |
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885 |
732 |
100.00 |
0 |
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18 |
Wacker-Chemie Italia S.r.L., Peschiera Borromeo / Milan, Italy |
Sales and distribution |
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2,312 |
703 |
100.00 |
0 |
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19 |
Wacker-Chemie Benelux B.V., Krommenie / Amsterdam, Netherlands |
Sales and distribution |
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357 |
339 |
100.00 |
16 |
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20 |
Wacker Chimie S.A.S., Lyon, France |
Sales and distribution |
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521 |
307 |
100.00 |
0 |
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21 |
Wacker-Kemi AB, Solna, Sweden |
Sales and distribution |
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374 |
325 |
100.00 |
0 |
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22 |
Wacker Química Ibérica, S.A., Barcelona, Spain |
Sales and distribution |
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354 |
216 |
100.00 |
0 |
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23 |
Siltronic Holding International B.V., Krommenie / Amsterdam, Netherlands |
Holding |
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280,610 |
23,669 |
100.00 |
15 |
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24 |
Wacker-Chemie S.r.o., Prague, Czech Republic |
Sales and distribution |
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3,168 |
213 |
100.00 |
0 |
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25 |
Wacker-Chemie Polska Sp. Z o.o., Warsaw, Poland |
Sales and distribution |
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429 |
301 |
100.00 |
0 |
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26 |
Wacker-Chemie Hungária Kft., Budapest, Hungary |
Sales and distribution |
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449 |
270 |
100.00 |
0 |
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27 |
OOO Wacker Chemie RUS, Moscow, Russia |
Sales and distribution |
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1,442 |
1,036 |
100.00 |
0 |
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28 |
Wacker Chemicals Norway AS, Holla, Norway |
Silicones |
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38,363 |
3,113 |
100.00 |
16 |
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The Americas |
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29 |
Wacker Química do Brasil Ltda., São Paulo, Brazil |
Silicones, Polymers |
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7,352 |
-2,433 |
100.00 |
0 |
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30 |
Wacker Mexicana S. A. de C. V., Mexico, D. F., Mexico |
Sales and distribution |
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1,408 |
715 |
100.00 |
0 |
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31 |
Wacker Chemical Corp., Adrian, Michigan, USA |
Silicones, Polymers, Biosolutions |
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1,248,402 |
6,880 |
100.00 |
16 |
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32 |
Wacker Polysilicon North America, LLC, Cleveland, Tennessee, USA |
Polysilicon |
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908,031 |
-60,642 |
100.00 |
31 |
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33 |
Siltronic Corp., Portland, Oregon, USA |
Siltronic |
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10,987 |
6,396 |
100.00 |
23 |
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Asia |
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34 |
Wacker Chemicals (South Asia) Pte. Ltd., Singapore |
Sales and distribution |
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1,621 |
147 |
100.00 |
0 |
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35 |
Wacker Chemicals Hong Kong Ltd., Hong Kong, China |
Sales and distribution |
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2,891 |
160 |
100.00 |
0 |
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36 |
Wacker Metroark Chemicals Pvt. Ltd., Parganas, India |
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35,056 |
6,925 |
51.00 |
0 |
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37 |
Wacker Chemicals Korea Inc., Seoul, South Korea |
Silicones, Polymers |
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28,051 |
1,793 |
100.00 |
16 |
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38 |
Wacker Chemicals East Asia Ltd., Tokyo, Japan |
Sales and distribution |
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55 |
-65 |
100.00 |
0 |
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39 |
Wacker Chemicals Trading (Shanghai) Co. Ltd., Shanghai, China |
Silicones |
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10,213 |
385 |
100.00 |
35 |
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40 |
Wacker Chemicals Fumed Silica (ZJG) Holding Co. Private Ltd., Singapore |
Holding |
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47,919 |
-14 |
51.00 |
0 |
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41 |
Wacker Chemicals Fumed Silica (ZJG) Co. Ltd., Zhangjiagang, China |
Silicones |
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12,267 |
640 |
51.00 |
40 |
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42 |
Wacker Chemicals (Zhangjiagang) Co. Ltd., Zhangjiagang, China |
Silicones |
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39,656 |
3,259 |
100.00 |
44 |
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43 |
Wacker Polymer Systems (WUXI) Co. Ltd., Wuxi, China |
Biosolutions |
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5,559 |
686 |
100.00 |
44 |
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44 |
Wacker Chemicals (China) Company Ltd. (Holding), Shanghai, China |
Sales and distribution |
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75,997 |
-10,431 |
100.00 |
0 |
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45 |
Wacker Chemicals (Nanjing) Co. Ltd., Nanjing, China |
Polymers, Biosolutions |
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49,935 |
-304 |
100.00 |
44 |
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46 |
Wacker Chemicals India Ltd., Mumbai, India |
Sales and distribution |
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3,217 |
78 |
100.00 |
16 |
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47 |
Siltronic Singapore Pte. Ltd., Singapore |
Siltronic |
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111,251 |
28,687 |
100.00 |
23 |
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48 |
Siltronic Asia Pte. Ltd., Singapore |
Siltronic |
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484 |
412 |
100.00 |
23 |
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49 |
Siltronic Japan Corp., Hikari, Japan |
Siltronic |
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-12,338 |
-5,800 |
100.00 |
23 |
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50 |
Siltronic Silicon Wafer Pte. Ltd., Singapore |
Siltronic |
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-6,438 |
-51,981 |
77.70 |
23 |
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Other regions |
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51 |
Wacker Chemicals Australia Pty. Ltd., Melbourne, Australia |
Sales and distribution |
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568 |
155 |
100.00 |
0 |
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52 |
Wacker Chemicals Middle East Ltd., Dubai, UAE |
Sales and distribution |
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3,590 |
798 |
100.00 |
0 |
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Joint Ventures/Associated Companies3
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Serial number |
Activity |
Identifier* |
Equity in € ’000 |
Net income for the year in € ’000 |
Capital share in % |
Held by serial number1 |
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53 |
Wacker Asahi Kasei Silicone Co. Ltd., Tokyo, Japan |
Silicones |
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12,101 |
2,524 |
50.00 |
0 |
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54 |
Dow Corning (ZJG) Holding Co. Private Ltd., Singapore |
Silicones |
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350,163 |
-3,267 |
25.00 |
0 |
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55 |
Wacker Dymatic (Shunde) Co. Ltd., Guangdong, China |
Silicones |
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21,646 |
5,259 |
50.00 |
44 |
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Structured Entity
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Serial number |
Activity |
Identifier* |
Equity in € ’000 |
Net income for the year in € ’000 |
Capital share in %4 |
Held by serial number1 |
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56 |
WMM-Universal-Fonds, Germany |
– |
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197,884 |
1,082 |
100.00 |
0 |
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The Group applies the equity method to account for the above-mentioned joint ventures and associates. Their impact on the Group’s earnings, net assets and financial position is not material. If loans have been made to joint ventures and associates by shareholders, extinguishment of these loans takes precedence over the distribution of dividends.
The following table shows the change in the total carrying amount of the investments in the reporting period, calculated using the equity method:
Joint Ventures Accounted for Using the Equity Method
| Download XLS |
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€ million |
2014 |
2013 |
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Carrying amount of the investments in accordance with the equity method |
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At the beginning of the year |
15.9 |
37.6 |
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Share of profit / loss for the period |
3.7 |
-16.1 |
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Share of change in other equity |
1.0 |
-2.1 |
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Overall result of the companies |
4.7 |
-18.2 |
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Capital measures / dividends / changes |
-4.0 |
-3.5 |
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At the end of the year |
16.6 |
15.9 |
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The Singapore-based joint venture Siltronic Samsung Wafer Pte. Ltd. was fully consolidated as of January 24, 2014 following the takeover of a majority of shares. As of December 31, 2013, the joint venture’s equity amounted to € -41.5 million and its net income for the year to € -84.3 million. As of the same date, WACKER held 50 percent of the shares in Siltronic Samsung Wafer Pte. Ltd. Attributable losses from the previous year amounting to € 20.6 million were offset with a shareholder loan classified as a net investment.
Associated Companies Accounted for Using the Equity Method
| Download XLS |
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€ million |
2014 |
2013 |
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Carrying amount of the investments in accordance with the equity method |
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At the beginning of the year |
3.0 |
3.4 |
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Share of profit / loss for the period |
-0.8 |
0.7 |
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Share of change in other equity |
1.7 |
-1.1 |
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Overall result of the companies |
0.9 |
-0.4 |
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At the end of the year |
3.9 |
3.0 |
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The following shows the key figures for companies accounted for using the equity method. Deviations between share of net income and the result from investments in joint ventures and associates, and between share of equity and the carrying amount of investments in joint ventures and associates accounted for using the equity method are primarily the result of fair-value adjustments and amendments to WACKER’s accounting policies.
Key Figures for Joint Ventures
| Download XLS |
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€ million |
2014 |
2013 |
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Total |
Attributable to WACKER |
Total |
Attributable to WACKER |
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Profit or loss from continuing operations |
7.4 |
3.7 |
-74.9 |
-37.5 |
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Post-tax profit or loss from discontinued operations |
– |
– |
– |
– |
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Other comprehensive income |
2.0 |
1.0 |
-4.2 |
-2.1 |
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Overall result |
9.4 |
4.7 |
-79.1 |
-39.6 |
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Key Figures for Associated Companies
| Download XLS |
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€ million |
2014 |
2013 |
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Total |
Attributable to WACKER |
Total |
Attributable to WACKER |
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Profit or loss from continuing operations |
-3.3 |
-0.8 |
2.7 |
0.7 |
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Post-tax profit or loss from discontinued operations |
– |
– |
– |
– |
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Other comprehensive income |
6.8 |
1.7 |
-4.4 |
-1.1 |
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Overall result |
3.5 |
0.9 |
-1.7 |
-0.4 |
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