Financial Statements - Solvay

118
Solvay Global Annual Report 2008
2008 Consolidation Scope
The Group consists of Solvay SA and a total of 401 subsidiaries and associated companies in 50 countries.
Of these, 170 are fully consolidated and 82 are proportionately consolidated, whilst the other 149 do not meet the criteria
of signifi cance.
In accordance with the principle of materiality, certain companies which are not of signifi cant size have not been included
in the consolidation scope. Companies are deemed not to be signifi cant when they do not exceed
any of the three following thresholds in terms of their contribution to the Group’s accounts:
• sales of EUR 20 million,
• balance sheet total of EUR 10 million,
• headcount of 150 persons.
Companies that do not meet these criteria are, nevertheless, consolidated where the Group believes that they have a potential
for rapid development, or where they hold shares in other companies that are consolidated under the above criteria.
Globally, the non-consolidated companies have no material impact on the consolidated data of the Group, their overall
impact on the Group net profi t being of the order of 0.1 %.
The full list of companies is fi led with the National Bank of Belgium as an attachment to the annual report, and can be
obtained from the company head offi ce.
List of companies entering or leaving the Group
Ch = Chemicals Ph = Pharmaceuticals Pl = Plastics - = not allocated
Companies entering the Group
Country Company Sector Comments
BELGIUM Innogenetics BV Ph purchase
Solvay Nafta Development and Financing SA - new company
NETHERLANDS Solvay Biologicals BV Ph meets the consolidation criteria
Twebotube BV Pl purchase
CZECH REPUBLIC Instaplast Praha AS Pl purchase
SWEDEN Solvay Pharma AB Ph meets the consolidation criteria
RUSSIA Inergy Automotive Systems OOO Pl meets the consolidation criteria
EGYPT Alexandria Sodium Carbonate Co. Ch purchase
UNITED STATES Ajedium Film Group, LLC Pl purchase
Solvay Biologicals, LLC Ph new company
Rocky Mountain Coal Company, LLC Ch new company
INDIA Inergy Automotive Systems India Pvt Ltd Pl new company
CHINA Inergy Automotive Systems Consulting (Beijing) Co. Pl meets the consolidation criteria