Currency translation methods for consolidating financial statements gay dating for so illinois
The financial statements of the consolidated companies were prepared using uniform accounting policies and valuation principles.
If the fiscal year of a consolidated company does not end on December 31, interim financial statements are prepared for the purpose of consolidation.
Any positive difference between the subsidiary’s acquisition cost and the pro rata equity ascertained in this way is capitalized as goodwill and subjected to an annual impairment test.
Negative goodwill is immediately recognized in profit or loss after the purchase price allocation has been re-examined.
The cost of acquisition of an entity accounted for using the equity method (associate) is adjusted annually by the percentage of any change in its equity corresponding to LANXESS’s percentage interest in the entity.
Intra-Group profits, losses, sales, income, expenses, receivables and payables are eliminated.
The consolidated financial statements of the LANXESS Group include LANXESS AG and all subsidiaries under the direct or indirect control of LANXESS AG.