Consolidated subsidiaries
The fiscal year’s changes in the consolidated Group are shown in the following table:
Number |
|
Germany |
|
Abroad |
|---|---|---|---|---|
|
|
|
|
|
Initially consolidated |
|
|
|
|
Subsidiaries previously carried at cost |
|
5 |
|
23 |
Newly acquired subsidiaries |
|
– |
|
11 |
Newly formed subsidiaries |
|
3 |
|
5 |
Other |
|
1 |
|
– |
|
|
9 |
|
39 |
Deconsolidated |
|
|
|
|
Mergers |
|
1 |
|
22 |
Liquidations |
|
1 |
|
8 |
Sales/other |
|
2 |
|
15 |
|
|
4 |
|
45 |
The initial consolidation or deconsolidation of these subsidiaries, either individually or collectively, did not have a significant effect on the presentation of the net assets, financial position and results of operations. The unconsolidated structured entities are immaterial from a Group perspective. In particular, they do not give rise to any significant risks to the Group.