Technologies · Systems · Solutions - Dürr
Technologies · Systems · Solutions - Dürr
Technologies · Systems · Solutions - Dürr
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86<br />
6. Consolidated group<br />
Any remaining debit differences are shown as goodwill under intangible assets. When the company<br />
is removed from consolidation, the goodwill is released to profit and loss. Any negative<br />
differences are shown separately in the consolidated balance sheet under non-current assets<br />
and released in accordance with IFRS 3.<br />
Companies over which the Company exercises significant influence (associates) are measured<br />
using the equity method; this is generally the case with a voting share of 20% to 50%. Any goodwill<br />
is disclosed under investments in associates.<br />
All other investments are accounted for under the cost method of accounting because market<br />
values are not available or determinable.<br />
Intercompany sales, expenses and income as well as intercompany receivables and liabilities or<br />
provisions are eliminated. Intercompany profits which are not realized by sale to third parties are<br />
eliminated.<br />
Besides <strong>Dürr</strong> AG, the consolidated financial statements as of December 31, 2004, contain all<br />
domestic and foreign companies which <strong>Dürr</strong> AG can control, either directly or indirectly (control<br />
concept). The companies are included in the consolidated financial statements from the date<br />
when control was obtained.<br />
Besides <strong>Dürr</strong> AG as the parent company, the number of companies in the consolidated group<br />
is as follows:<br />
2004 2003<br />
Number of fully consolidated companies<br />
Germany 25 26<br />
Foreign 85 84<br />
110 110<br />
2004 2003<br />
Number of companies acounted for at equity<br />
Germany 1 1<br />
Foreign 6 6<br />
7 7<br />
The consolidated financial statements contain nine (2003: nine) companies in which minority<br />
shareholders hold interests.<br />
The financial statements of consolidated companies are generally prepared as of December 31,<br />
2004. Three associates have a different balance sheet date. In these cases, the most recent financial<br />
statements as of December 31, 2003, March 31, 2004, and September 30, 2004, were used;<br />
the time lag in reporting is consistent from period to period. <strong>Dürr</strong> does not anticipate any material<br />
impact on the net assets, financial situation and results of operations as a result of the inclusion<br />
of more recent financial statements.
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