Merck 2014 Annual Report Download - page 180
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175CONSOLIDATED FINANCIAL STATEMENTS → Notes to the Group accounts
SCOPE OF CONSOLIDATION
(3) CHANGES IN THE SCOPE OF
CONSOLIDATION
Including the parent company MerckKGaA, Darmstadt, Germany,
218 (2013: 191) companies were fully consolidated in the annual
financial
statements of the
Group
. 189 (2013: 165) are located
abroad.
No companies were consolidated using the equity method
as of the
balance sheet date. Four newly established companies,
27companies of the acquired AZ Electronic Materials S.A. Group,
as well as four further companies, which were previously not con-
solidated due to immateriality, were included in the consolidated
financial statements for the first time. A total of eight companies
were deconsolidated as a result of liquidation, mergers or disposals.
Due to secondary importance, 28 (2013: 22) subsidiaries were
not consolidated. Overall, the impact of these subsidiaries on sales,
profit after tax, assets and equity was less than 1 % relative to the
entire Group. The interests in subsidiaries not consolidated due to
secondary importance were classified as available-for-sale finan-
cial assets and presented under non-current financial assets. The
list of shareholdings presents all of the companies included in the
consolidated financial statements as well as all of the shareholdings
of MerckKGaA, Darmstadt, Germany (see Note [70]).
(4) ACQUISITIONS AND DIVESTMENTS AS
WELL AS ASSETS HELD FOR SALE AND
DISPOSAL GROUPS
Acquisition of AZ Electronic Materials S.A.
Obtainment of control following the public offer
Within the scope of a public takeover offer, on May 2, 2014 the
Group had received valid acceptances of the offer in respect of
81.3 % of the share capital and thus obtained control of the publicly
listed company AZ Electronic Materials S.A., Luxembourg (AZ).
The payments for the obtainment of control were as follows:
Acquired
shareholding (in %) €million
Purchase price for the obtainment of control 81.3 1,523.4
Acquired cash and cash equivalents –104.1
Payments for the obtainment of control less acquired cash and cash equivalents 81.3 1,419.3