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CONSOLIDATED FINANCIAL REPORT | EXPLANATORY NOTES
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On 17 November 2015, the process of liquidating Draka UK Pension Plan Trust Co. Ltd. was completed with
the company's removal from the local company registry.
On 1 December 2015, the process of liquidating Prysmian Cables (Industrial) Ltd. Prysmian Cables
(Supertension) Ltd. and Prysmian Telecom Cables and Systems Uk Ltd. was completed with the removal of
these companies from the local company registry.
On 30 December 2015, the process of liquidating Draka Industrial Cable Russia LLC was completed with the
company's removal from the local company registry.
New company formations
Prysmian PowerLink Asia Company Limited was formed on 9 July 2015. The company is wholly owned by
Prysmian (China) Investment Company Ltd.
Acquisitions
On 1 October 2015, Draka Cableteq USA Inc acquired 100% of the US company Gulf Coast Downhole
Technologies L.L.C.
On 21 December 2015, Draka Holding B.V. acquired an additional 16.39% stake in Oman Cables Industry
S.A.O.G.
Disposals
On 9 November 2015, the consideration was received from the disposal of NK Wuhan Cable Co. Ltd,
meaning that this company has been deconsolidated as from 31 October 2015. All the additional formalities
were completed on 15 December 2015.
Appendix A to these notes contains a list of the companies included in the scope of consolidation at 31
December 2015.
B.3 ACCOUNTING STANDARDS, AMENDMENTS AND INTERPRETATIONS APPLIED IN 2015
The basis of consolidation, the methods applied for translating foreign company financial statements into the
presentation currency, the accounting standards as well as the accounting estimates adopted are the same
as those used for the consolidated financial statements at 31 December 2014, except for the accounting
standards and amendments discussed below and obligatorily applied with effect from 1 January 2015 after
being endorsed by the competent authorities.
The principal changes were as follows: