Page 14 - KELAG Annual Report 2017
P. 14

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
   9   10   11   12   13   14   15   16   17   18   19