Financial <strong>Report</strong>ing <strong>2009</strong> – Consolidated Financial Statements 7123.| List of subsidiariesDetails of <strong>Von</strong> <strong>Roll</strong>’s significant consolidated subsidiaries as of December 31, <strong>2009</strong> are as follows:Name and registered officeEMEAPercentage ofshareholdingCountrySharecapitalcurrencyShare capitalamount (in 1,000)<strong>Von</strong> <strong>Roll</strong> Schweiz AG, Breitenbach 99.99 % CH CHF 16,000 Prod. and sales<strong>Von</strong> <strong>Roll</strong> Transformers Ltd., Ramat Ha‘Sharon 100.00 % IL ILS 7,200 Prod. and sales<strong>Von</strong> <strong>Roll</strong> Management AG, Au 100.00 % CH CHF 1,500 ManagementPrincipalactivity<strong>Von</strong> <strong>Roll</strong> Insulation & Composites Holding AG,Breitenbach 1 100.00 % CH CHF 1,000 Holding<strong>Von</strong> <strong>Roll</strong> Solar AG, Breitenbach 51.00 % CH CHF 100 Prod. and sales<strong>Von</strong> <strong>Roll</strong> Deutschland Holding GmbH, Augsburg 100.00 % DE EUR 125 Holding<strong>Von</strong> <strong>Roll</strong> Deutschland GmbH, Augsburg 100.00 % DE EUR 9,000 Prod. and sales<strong>Von</strong> <strong>Roll</strong> REACH GmbH, Munich 100.00 % DE EUR 25 Management<strong>Von</strong> <strong>Roll</strong> France S.A., Delle 100.00 % FR EUR 5,925 Prod. and sales<strong>Von</strong> <strong>Roll</strong> Isola France S.A., Delle 100.00 % FR EUR 4,928 Prod. and sales<strong>Von</strong> <strong>Roll</strong> UK Ltd, Bradford 2 100.00 % GB GBP 4,000 Prod. and sales<strong>Von</strong> <strong>Roll</strong> Italia SpA, Ghisalba 100.00 % IT EUR 1,300 Prod. and salesOOO <strong>Von</strong> <strong>Roll</strong>, Moscow 100.00 % RU RUB 10 SalesAmericas<strong>Von</strong> <strong>Roll</strong> do Brasil Ltda., Fortaleza 100.00 % BR BRL 22,929 Prod. and sales<strong>Von</strong> <strong>Roll</strong> Austral Inc., Douglasville/Georgia 100.00 % US USD 2 Prod. and sales<strong>Von</strong> <strong>Roll</strong> USA, Inc., Schenectady/New York 100.00 % US USD 250 Prod. and salesJohn C. Dolph Company, Monmouth Junction/NewJersey 100.00 % US USD 434 Prod. and sales<strong>Von</strong> <strong>Roll</strong> USA Holding, Inc., Wilmington/Delaware 100.00 % US USD 0 HoldingAsiaPearl Insulations Pvt. Ltd, Bangalore 100.00 % IN INR 23,126 Prod. and salesPearl Metal Products (Bangalore) Pvt. Ltd,Bangalore 100.00 % IN INR 26,828 Prod. and sales<strong>Von</strong> <strong>Roll</strong> India Pvt Ltd, Bangalore 100.00 % IN INR 173,500 Holding<strong>Von</strong> <strong>Roll</strong> Asia Pte Ltd, Singapore 100.00 % SG SGD 850 Sales<strong>Von</strong> <strong>Roll</strong> Shanghai Co. Ltd, Shanghai 100.00 % CN CHF 7,100 Prod. and sales<strong>Von</strong> <strong>Roll</strong> Trading Shanghai Co., Ltd., Shanghai 100.00 % CN CNY 1,000 Sales<strong>Von</strong> <strong>Roll</strong> Hong Kong Holding Ltd., Hong Kong 100.00 % CN CNY 10 HoldingMica Electrical (Luhe) Co., Ltd., Luhe 100.00 % CN CNY 49,418 Prod. and salesNew Jadson Electrical (Shenzhen) Co., Ltd.,Shenzhen 100.00 % CN CNY 6,078 Prod. and salesTongcheng Mica Electrical Material Co., Ltd.,Tongcheng 100.00 % CN CNY 10,096 Prod. and salesShenzhen Shengbida Electrical Material Co., Ltd.,Shenzhen 100.00 % CN CNY 2,000 Prod. and salesTongcheng Xinyu Mica Products Co., Ltd.,Tongcheng 100.00 % CN CNY 3,500 Prod. and sales1Name and purpose of the <strong>Von</strong> <strong>Roll</strong> Immobilien AG changed as of December 22, <strong>2009</strong>2Of which TGBP 3,750 is paid-in
72 Financial <strong>Report</strong>ing <strong>2009</strong> – Consolidated Financial Statements24.| LeasingThe carrying amounts of leased property, plant and equipment (financial leases) by category as of December 31 areas follows:in CHF 1,000 <strong>2009</strong> 2008Technical installations and machinery – 374Plant and office equipment – 86Total net carrying amount of leased assets – 460The maturities of the obligations for financial lease agreements and non-cancellable operating lease agreements asof December 31 are as follows:in CHF 1,000 <strong>2009</strong> 2008Financial LeasingWithin 1 year – 34In 2 to 5 years – –More than 5 years – –Net present value of future minimum lease payments – 34Interest component – –Total future minimum lease payments – 34Operating LeasingWithin 1 year 3,289 4,609In 2 to 5 years 9,233 12,726More than 5 years 3,907 4,788Total lease commitments of future minimum lease payments 16,429 22,123Operating lease agreements relate mainly to office and facility rental commitments, cars, machinery and equipmentrentals.An amount of TCHF 2,337 (2008: TCHF 5,278), relating exclusively to operating lease payments, has been expensedto the income statement.