Südzucker International Finance B. V. Südzucker AG ... - Xetra

The shareholdings in AGRANA Beteiligungs-AG, Vienna, held by Südzucker AG and by its Austrian group ofshareholders by way of Zuckerbeteiligungs-GmbH, Vienna, each of which hold 43.2 %, were transferred to thenewly-formed Z & S Zucker und Stärke Holding AG, Vienna.Following further purchases of shares in Cukrownia Ropczyce S.A., Poland, the holding exceeded 50 % and thiscompany was fully consolidated for the first time.Raffinerie Tirlemontoise S.A. sold Compagnie de Réassurance RT S.A., Luxembourg, an insurance company actingsolely for the group.The effects on the consolidated financial statements of the change in companies consolidated are as follows:2002/03First-time consolidated companiesDe-consolidated companiesD millionNon-current assets 26.8 –Current assets 59.0 51.7Total assets 85.8 51.7Shareholders’ equity 40.9 31.8Provisions and liabilities 44.9 19.9Total liabilities and equity 85.8 51.7Sales 62.1 –Earnings for the year 6.4 3.7The previous year’s consolidated financial statements included the results of operations of the Schöller Groupfor the nine months from January 1 through September 30, 2001 before its disposal, including sales ofD 1,096.1 million and an operating profit of D 44.4 million. SLS Group’s results of operations were included inthe previous year’s consolidated financial statements for the two months from January 1 through February 28,2002, with sales of D 129.0 million, compared with sales of D 903.1 million for the whole of 2002/03.F-13