Page 14 - KELAG Annual Report 2017

KELAG functions as the parent company of these consolidated financial statements. The
consolidated financial statements include all entities that are controlled by the parent company
and included by means of full consolidation (“subsidiaries”).

A change in the ownership interest of a subsidiary without involving the loss of control is
accounted for as an equity transaction. If the parent company loses control over a subsidiary, it
takes the following steps:

 Derecognises the assets (including goodwill) and liabilities of the subsidiary;
 Derecognises the carrying amount of any non-controlling interest in the former subsidiary;
 Derecognises the cumulative currency translation differences recorded in equity;
 Recognises the fair value of the consideration received;
 Recognises the fair value of any investment retained;
 Recognises any resulting gain or loss through profit or loss;
 Reclassifies the parent’s share of components previously recognised in other comprehensive
income to profit or loss or accumulated profits or losses, as appropriate under the relevant IFRS
requirements.

In addition to KELAG as parent company, the consolidated financial statements include 32
subsidiaries (prior year: 33) and 4 associates (prior year: 2).

All shares in energieeffizienz GmbH were sold as of 31 July 2017.

Full Equity Full Equity
consolidation method consolidation method
AS OF THE BEGINNING OF THE
REPORTING PERIOD 34 2 36 2
Included in the financial statements for 0 2 0 0
the first time in the reporting period
Deconsolidated in the reporting period 1 0 2 0
AS OF THE END OF THE REPORTING
PERIOD 33 4 34 2
thereof Austrian entities 12 3 13 2
thereof non-Austrian entities 21 1 21 0