[2] Changes in Group structure

The condensed Group interim financial statements comprise Linde AG and all the companies over which Linde AG may exercise control as defined by IFRS 10 or joint control together with other parties as defined by IFRS 11. Companies over which Linde AG may exercise joint control are either included in the consolidated interim financial statements on the basis of the share of equity held by The Linde Group (line-by-line method) or using the equity method, depending on the characteristics of the company. If Linde AG holds a majority of the voting rights in a company, this generally indicates that it exercises control over the company in the absence of any other restrictive contractual agreements. If Linde AG holds the same number of voting rights as another company, this generally indicates joint control, unless other (contractual) rights result in control being exercised by one of the shareholders.

Associates over which Linde AG can exercise significant influence as defined by IAS 28 are also accounted for using the equity method. Significant influence is presumed if Linde AG holds (directly or indirectly) 20 percent or more of the voting rights in an investee, unless it can be clearly demonstrated that this is not the case.

Non-consolidated subsidiaries, when taken together, are immaterial from the Group’s point of view in terms of total assets, revenue and profit or loss for the year and do not have a significant impact on the net assets, financial position and results of operations of the Group. For that reason, they are not included in the consolidated interim financial statements.

The types of companies included in the condensed Group interim financial statements of The Linde Group and changes in the structure of the Group are disclosed below:

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Structure of companies included in the consolidated interim financial statements

 

 

 

 

 

 

 

 

 

 

 

As at 31.12.2014

 

Additions

 

Disposals

 

As at 31.03.2015

Consolidated subsidiaries

 

535

 

 

2

 

533

of which within Germany

 

18

 

 

 

18

of which outside Germany

 

517

 

 

2

 

515

Companies accounted for using the line-by-line method

 

5

 

 

 

5

of which within Germany

 

 

 

 

of which outside Germany

 

5

 

 

 

5

Companies accounted for using the equity method

 

35

 

2

 

 

37

of which within Germany

 

3

 

2

 

 

5

of which outside Germany

 

32

 

 

 

32

Non-consolidated subsidiaries

 

59

 

1

 

6

 

54

of which within Germany

 

1

 

 

 

1

of which outside Germany

 

58

 

1

 

6

 

53

Most of the disposals were mergers and liquidations. Significant additions during the reporting period are described in Note [3].