PDF (7.3 MB) - GILDEMEISTER Interim Report 3rd Quarter 2012

Consolidated Financial Statements of gildemeister Aktiengesellschaft: Notes to the Consolidated Financial Statements 139Effective as of 4 May 2010, a+f GmbH has invested as to 50.0% in sun carrier omegaLtd., Bhopal, India. The purchase price of the equity investment amounted to € 500 k.The share capital of the company amounts to inr 60.0 million (€ 989 k) and is fully paidup. Through this equity investment, a+f GmbH intends to establish and expand the salesand marketing of the “SunCarrier” on the Indian market.In addition, mg Finance GmbH was classified as an associated company and from thedate of the purchase of the investment was also included in the consolidated financialstatements at equity.Effective as of 4 June 2010, gildemeister ag has invested as to 33.0% inmg Finance GmbH, Wernau. The acquisition costs for 33.0% of the equity investment inthe share capital amounted to € 5,049 k and were fully paid up. The aim is to offer optimumand tailor-made country-specific financial solutions through the investment in thisfinancing company together with the cooperation partners.As at 31 December 2010, compared to the previous year, the following companieswere no longer included in the group of consolidated companies:gildemeister Italiana Deutschland GmbH, Stuttgart, was merged during the financialyear with dmg Stuttgart Vertriebs und Service GmbH, Leonberg.The equity interest of a+f Italia S.r.l., Milan, in Soleintenso S.r.l., Spinazzola, wasdisposed of as of 1 December 2010 at book value due to the completion of the solar park.dmg Gebrauchtmaschinen Czech s.r.o., Zlin, was liquidated in the financial yearjust ended. The operating business was transferred to dmg Gebrauchtmaschinen GmbH,Geretsried.In December 2010, the 100% investments in seven Italian subsidiaries of a+f ItaliaGmbH were disposed of to investors before completion of various solar parks. The equityinterests in six of these companies were acquired during the reporting year and werefully consolidated from the date of their acquisition. Soleintenso S.r.l. was already includedin the group of consolidated companies as of 31 December 2009 and was fully consolidatedin the previous year.With the sale of equity interests in these companies, all assets and liabilities arede-consolidated from the group. Overall this resulted in a disposal loss for the group of€ 38 k, which is recognised in the income statement.The consolidated group has not changed significantly since the previous year so thatcomparison with the consolidated financial statements of the previous year with respectto net worth, the financial position and results of operations is not significantly affected.A complete overview of all gildemeister group companies, classified according toaffiliated companies, jointly-controlled entities (joint ventures) or associates, is presentedon page 206 et seq.consolidated financialstatements