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Consolidated Financial Report |
EXPLANATORY NOTES
2014 Annual Report
Prysmian Group
138
Changes in the scope of consolidation
The Group’s scope of consolidation includes the financial
statements of Prysmian S.p.A. (the Parent Company) and
of the companies over which it exercises direct or indirect
control, which are consolidated from the date when control is
obtained until the date when such control ceases.
The following changes in the scope of consolidation took
place during 2014:
Name changes
On 13 February 2014, the Dutch company Draka Holding N.V.
changed its name to Draka Holding B.V..
On 24 October 2014, the Canadian company Prysmian
Power Cables and Systems Canada Ltd changed its name to
Prysmian Cables and Systems Canada Ltd.
Mergers
On 1 February 2014, the merger was completed of Prysmian
(Dutch) Holdings B.V. into Draka Holding N.V..
On 24 February 2014, the merger was completed of Fastighets
AB Spannbucklan and Fastighets AB Hygget into Draka Kabel
Sverige AB.
On 24 April 2014, the merger was completed of Cables
Opticos Y Metalicos para Telecomunicaciones Telcon s.r.l. into
Prysmian Energia Cables y Sistemas de Argentina S.A..
On 1 May 2014, the merger was completed of Kabelbedrijven
Draka Nederland B.V. into Prysmian Netherlands B.V..
Liquidations
On 1 October 2014, the process of winding up Prysmian Com-
munications Financial Services US LLC and Prysmian Power
Financial US LCC was completed with their removal from the
local company registry.
On 27 November 2014, the process of winding up Draka
Comteq Sweden AB was completed with its removal from the
local company registry.
On 19 December 2014, the process of winding up NK Cables
Sverige AB and Prysmian Kablar och System AB was
completedwith their removal fromthe local company registry.
On 30 December 2014, the process of winding up Sociedade
Productora de Fibras Opticas S.A. was completed with its
removal from the local company registry.
On 31 December 2014, the process of winding up Doiter
Industria e Comercio Ltda was completed with its removal
from the local company registry.
Acquisitions
On 9 July 2014, Prysmian Finland OY acquired the remaining
34% of the subsidiary AS Draka Keila Cables.
Appendix A to these notes contains a list of the companies
included in the scope of consolidation at 31 December 2014.