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Companies consolidated

The consolidated financial statements of the LANXESS Group include the parent company LANXESS AG and all domestic and foreign affiliates.

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  EMEA (excluding Germany) Germany North America Latin America Asia-Pacific Total
Fully consolidated companies (incl. parent company)
Jan. 1, 2012 20 13 7 6 17 63
Additions   1 1   1 3
Subtractions           0
Mergers   (1) (3)     (4)
Changes in scope of consolidation 2         2
Dec. 31, 2012 22 13 5 6 18 64
Companies accounted for using the equity method
Jan. 1, 2012   1     2 3
Dec. 31, 2012 0 1 0 0 2 3
Non-consolidated companies
Jan. 1, 2012 5 2 1 3 0 11
Additions         1 1
Subtractions (1)         (1)
Mergers           0
Changes in scope of consolidation (2)         (2)
Dec. 31, 2012 2 2 1 3 1 9
Jan. 1, 2012 25 16 8 9 19 77
Additions   1 1   2 4
Subtractions (1)         (1)
Mergers   (1) (3)     (4)
Changes in scope of consolidation 0         0
Dec. 31, 2012 24 16 6 9 21 76

In addition, two special purpose entities in the EMEA region (excluding Germany) are included in the consolidated financial statements.

Non-consolidated companies are accounted for at cost. These companies are immaterial to the Group’s financial position and results of operations, since together they account for less than 0.1% of Group sales and less than 0.1% of equity.

On March 14, 2012, LANXESS acquired all of the shares of Tire Curing Bladders, LLC, of Little Rock, United States. The company was assigned to the Rhein Chemie business unit in the Performance Chemicals segment and has broadened the product portfolio.

On September 12, 2012, LANXESS acquired all of the shares of Bond-Laminates GmbH of Brilon, Germany. First-time inclusion in the consolidated interim financial statements was effected from that date. The company was assigned to the High Performance Materials business unit in the Performance Polymers segment. With the acquisition, LANXESS is strengthening, in particular, its innovative portfolio of lightweight materials for the automotive industry.

The acquisitions were funded from existing liquidity of the LANXESS Group and accounted for as business combinations in accordance with IFRS 3.

Thus, in allocating the purchase price, the acquiree’s identifiable assets, liabilities and contingent liabilities were included at fair value. The purchase price allocation is provisional and was carried out with the assistance of external experts in light of the information available at and immediately after the date of acquisition. According to IFRS, it can be adjusted within one year after the date of acquisition to reflect new information and findings.

The following table shows effects from the acquisitions discussed, neither of which, either individually or on aggregate, materially impacted the Group’s financial position.

Additions from Acquisitions
€ million IFRS carrying amounts prior to first-time consolidation Purchase price allocation Carrying amounts upon first-time consolidation
Intangible assets 0 23 23
Property, plant and equipment 6 1 7
Other assets 8 0 8
Total assets 14 24 38
Non-current liabilities 2 7 9
Current liabilities 6 0 6
Total liabilities 8 7 15
Net acquired assets (excluding goodwill) 6 17 23
Acquisition costs     41
Acquired goodwill (provisional)     18

The goodwill arising from acquisitions is the result of various factors. In particular, it reflects the potential for utilizing the acquired technologies in further business units.

The acquired activities did not materially impact Group sales or earnings, nor would they have done so if the business had already been consolidated from January 2012.

First-time consolidation of the Darmex group, which was acquired in the previous year, was effected as of January 11, 2011. The material protection business acquired from Syngenta AG was consolidated effective April 13, 2011. First-time inclusion of the elastomers business acquired from Dutch company Royal DSM N.V. was effected as of May 2, 2011. First-time inclusion of Unitex Chemicals Corporation, Greensboro, United States, took place on October 12, 2011. All shares in Verichem Inc., Pittsburgh, United States, were acquired as of November 9, 2011. Owing to changes in the purchase price allocation, goodwill increased by €1 million. In the respective twelve-month periods since the date of these acquisitions, there were no new findings or information warranting adjustment of the provisional purchase price allocations. These allocations are therefore final.

Other information on companies consolidated

The following table lists the affiliated companies in accordance with Section 313 Paragraph 2 of the German Commercial Code:

Company Name and Domicile
% Interest held
Fully consolidated companies
LANXESS AG, Leverkusen
Aliseca GmbH, Leverkusen 100
Bond-Laminates GmbH, Brilon 100
DuBay Polymer GmbH, Hamm 50
IAB Ionenaustauscher GmbH Bitterfeld, Greppin 100
LANXESS Accounting GmbH, Leverkusen 100
LANXESS Buna GmbH, Marl 100
LANXESS Deutschland GmbH, Leverkusen 100
LANXESS Distribution GmbH, Langenfeld 100
LANXESS International Holding GmbH, Leverkusen 100
Perlon-Monofil GmbH, Dormagen 100
Rhein Chemie Rheinau GmbH, Mannheim 100
Saltigo GmbH, Langenfeld 100
EMEA (excluding Germany)  
Europigments, S.L., Barcelona, Spain 52
LANXESS (Pty.) Ltd., Modderfontein, South Africa 100
LANXESS Central Eastern Europe s.r.o., Bratislava, Slovakia 100
LANXESS Chemicals, S.L., Barcelona, Spain 100
LANXESS CISA (Pty.) Ltd., Newcastle, South Africa 100
LANXESS Elastomères S.A.S., Lillebonne, France 100
LANXESS Elastomers B.V., Heerlen, Netherlands 100
LANXESS Emulsion Rubber S.A.S., La Wantzenau, France 100
LANXESS Finance B.V., Amsterdam, Netherlands 100
LANXESS Holding Hispania, S.L., Barcelona, Spain 100
LANXESS International SA, Granges-Paccot, Switzerland 100
LANXESS Kimya Ticaret Limited Şirketi, Istanbul, Turkey 100
LANXESS Limited, Newbury, U.K. 100
LANXESS Mining (Proprietary) Ltd., Modderfontein, South Africa 100
LANXESS N.V., Antwerp, Belgium 100
LANXESS Rubber N.V., Zwijndrecht, Belgium 100
LANXESS S.A.S., Courbevoie, France 100
LANXESS S.r.l., Milan, Italy 100
OOO LANXESS, Dzerzhinsk, Russia 100
Rustenburg Chrome Mine Holdings (Pty.) Ltd., Modderfontein, South Africa 100
Sybron Chemical Industries Nederland B.V., Ede, Netherlands 100
Sybron Chemicals International Holdings Ltd., Newbury, U.K. 100
North America  
LANXESS Corporation, Pittsburgh, U.S.A. 100
LANXESS Inc., Sarnia, Canada 100
LANXESS Sybron Chemicals Inc., Birmingham, U.S.A. 100
Rhein Chemie Corporation, Chardon, U.S.A. 100
Sybron Chemical Holdings Inc., Wilmington, U.S.A. 100
Latin America  
LANXESS Elastômeros do Brasil S.A., Rio de Janeiro, Brazil 100
LANXESS Industria de Produtos Quimicos e Plasticos Ltda., São Paulo, Brazil 100
LANXESS S.A. de C.V., Mexico City, Mexico 100
LANXESS S.A., Buenos Aires, Argentina 100
Rhein Chemie Argentina S.A., Buenos Aires, Argentina 100
Rhein Chemie Uruguay S.A., Colonia, Uruguay 100
LANXESS Elastomers Trading (Shanghai) Co., Ltd., Shanghai, China 100
LANXESS (Changzhou) Co., Ltd., Changzhou, China 100
LANXESS (Liyang) Polyols Co., Ltd., Liyang, China 100
LANXESS (Ningbo) Pigments Co., Ltd., Ningbo City, China 100
LANXESS Butyl Pte. Ltd., Singapore 100
LANXESS Chemical (China) Co., Ltd., Shanghai, China 100
LANXESS Hong Kong Limited, Hong Kong, China 100
LANXESS India Private Ltd., Thane, India 100
LANXESS K.K., Tokyo, Japan 100
LANXESS Korea Limited, Seoul, South Korea 100
LANXESS Pte. Ltd., Singapore 100
LANXESS PTY Ltd., Homebush Bay, Australia 100
LANXESS Shanghai Pigments Co., Ltd., Shanghai, China 100
LANXESS Specialty Chemicals Co., Ltd., Shanghai, China 100
LANXESS Wuxi Chemical Co., Ltd., Wuxi, China 100
Nexachem Trading (Qingdao) Co., Ltd., Qingdao, China 100
Rhein Chemie Japan Ltd., Tokyo, Japan 100
Rhein Chemie (Qingdao) Co., Ltd., Qingdao, China 90
Associates accounted for using the equity method
Currenta GmbH & Co. OHG, Leverkusen 40
LANXESS-TSRC (Nantong) Chemical Industrial Co., Ltd., Nantong, China 50
Joint ventures accounted for using the equity method
Anhui Tongfeng Shengda Chemical Co., Ltd., Tongling, China 25
Consolidated special purpose entities
EMEA (excluding Germany)  
Dirlem (Pty) Ltd., Modderfontein, South Africa 49
Rustenburg Chrome Employees Empowerment Trust, Modderfontein, South Africa 0
Non-consolidated immaterial subsidiaries
LANXESS Middle East GmbH, Leverkusen 100
Vierte LXS GmbH, Leverkusen 100
EMEA (excluding Germany)  
OOO LANXESS Lipetsk, Lipetsk, Russia 100
W. Hawley & Son Ltd., Newbury, U.K. 100
North America  
LANXESS Energy LLC, Wilmington, U.S.A. 100
Latin America  
Comercial Andinas Ltda., Santiago de Chile, Chile 100
Petroflex Trading S.A., Montevideo, Uruguay 100
Bond-Laminates HK Limited, Hong Kong, China 100
Other non-consolidated immaterial companies
Latin America  
Hidrax Ltda., Taboão da Serr, Brazil 39


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