Scope of consolidation
The consolidated interim financial statements of the LANXESS Group include the parent company LANXESS AG along with all of its domestic and foreign subsidiaries.
|EMEA (excl. Germany)||Germany||North America||Latin America||Asia-Pacific||Total|
|Fully consolidated companies |
(incl. parent company)
|Jan. 1, 2014||23||12||5||5||20||65|
|June 30, 2014||23||11||5||5||18||62|
|Consolidated associates and jointly controlled entities|
|Jan. 1, 2014||2||2|
|June 30, 2014||0 ||2||0 ||0 ||0 ||2|
|Jan. 1, 2014||2||2||1||3||2||10|
|June 30, 2014||2||2||1||3||1||9|
|Jan. 1, 2014||25||16||6||8||22||77|
|June 30, 2014||25||15||6||8||19||73|
In addition, two structured entities in the EMEA (excluding Germany) region are included in the consolidated interim financial statements.
The first-time inclusion of PCTS Specialty Chemicals Pte. Ltd., Singapore, acquired in 2013, in the consolidated financial statements was effected from April 5, 2013. The provisional purchase price allocation made with respect to this transaction was not adjusted in light of any new information or knowledge within one year from the acquisition date and is therefore final. As of June 30, 2014, there were no adjustments to the purchase price allocation for the phosphorus chemicals business of Thermphos France S.A.R.L., Epierre, France, which was acquired on September 14, 2013. Details of these acquisitions and their effects on the LANXESS Group’s consolidated statement of financial position are provided in the notes to the consolidated financial statements as of December 31, 2013, under the heading “Companies consolidated.”
Nexachem Trading (Qingdao) Co., Ltd., Qingdao, China, was liquidated in the reporting period. In addition, PCTS Specialty Chemicals Pte. Ltd., Singapore, was merged with LANXESS Butyl Pte. Ltd., Singapore. LANXESS sold all the shares of Perlon-Monofil GmbH, Dormagen, Germany, effective March 19, 2014. These changes had no material impact on the LANXESS Group’s financial position or results of operations.