Pharmaceuticals Sector - Solvay

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Solvay Global Annual Report 2005
2005 Consolidation Scope
The Group consists of Solvay S.A. and a total of 416 subsidiaries and associated companies in 54 countries.
Of these, 178 are fully consolidated and 81 are proportionately consolidated, whilst the other 157 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.
List of companies entering or leaving the Group and
changes in consolidation methods
Ch = Chemicals Ph = Pharmaceuticals Pl = Plastics - = not allocated
Companies entering the Group
Country Company Sector Comments
BELGIUM Fournier Pharma S.A. Ph purchase of Fournier Group
Solvay Pharmaceuticals S.A. Ph new company
LUXEMBOURG Solvay Pharmaceuticals S.a.r.l. Ph meets the criteria for consolidation
FRANCE Vivalsol S.A.S. Ph meets the criteria for consolidation
BTG Pharma S.A.S. Ph purchase of Fournier Group
Laboratoires Fournier S.A. Ph purchase of Fournier Group
Synkem S.A.S. Ph purchase of Fournier Group
Fournier Industrie et Santé S.A. Ph purchase of Fournier Group
ITALY Solvay Chimica Bussi S.r.l. Ch meets the criteria for consolidation
Solvay Fluor Italia S.r.l. Ch meets the criteria for consolidation
Alkor Draka Italia S.r.l. Pl meets the criteria for consolidation
Fournier Pharma S.p.A. Ph purchase of Fournier Group
GERMANY Fournier Pharma GmbH Ph purchase of Fournier Group
Solvay Organics GmbH Ch meets the criteria for consolidation
Girindus AG Ch purchase of Girindus Group
Solvay & CPC Barium Strontium
International GmbH
Ch JV Barium Strontium 75%
SPAIN Solvay Participaciones S.A. - meets the criteria for consolidation
Laboratorios Fournier S.A. Ph purchase of Fournier Group
SWITZERLAND Girindus S.A. Ch purchase of Girindus Group