Consolidation scope

Basis and scope of consolidation

Ansaldo STS group’s condensed interim consolidated financial statements at 30 June 2014 include the interim financial statements at 30 June 2014 of the companies/entities in the consolidation scope (the “consolidated entities”) drafted pursuant to the IFRS applied by Ansaldo STS group. The consolidated entities are listed below, showing the group’s related direct or indirect interest therein:

NAME INVESTMENT TYPE REGISTERED OFFICE SHARE/QUOTA CAPITAL (€’000) CURRENCY INVESTMENT %
ANSALDO STS AUSTRALIA PTY LTD Direct Eagle Farm (Australia) 5,026 AUD 100
ANSALDO STS SWEDEN AB Direct Solna (Sweden) 4,000 SEK 100
ANSALDO STS UK LTD Direct London (United Kingdom) 1,000 GBP 100
ANSALDO STS IRELAND LTD Direct Tralee (Ireland) 100 EUR 100
ACELEC Société par actions simplifiée Indirect Les Ulis (France) 168 EUR 100
ANSALDO STS ESPAÑA S.A.U. Indirect Madrid (Spain) 1,500 EUR 100
ANSALDO STS BEIJING LTD Indirect Beijing (China) 837 EUR 80
ANSALDO STS HONG KONG LTD Indirect Hong Kong (China) 100 HKD 100
ANSALDO STS FRANCE Société par actions simplifiée Direct Les Ulis (France) 5,000 EUR 100
UNION SWITCH & SIGNAL INC Indirect Wilmington (Delaware USA) 1 USD 100
ANSALDO STS MALAYSIA SDN BHD Indirect Petaling Jaya (Malaysia) 3,000 MYR 100
ANSALDO STS CANADA INC Indirect Kingstone (Canada) - CAD 100
ANSALDO STS USA INC Direct Wilmington (Delaware USA) 0.001 USD 100
ANSALDO STS USA INTERNATIONAL CO Indirect Wilmington (Delaware USA) 1 USD 100
ANSALDO STS USA INT.PROJECTS CO Indirect Wilmington (Delaware USA) 25 USD 100
ANSALDO STS TRANSPORTATION SYSTEMS INDIA PVT LTD Indirect Bangalore (India) 3,612,915 INR 100
ANSALDO STS DEUTSCHLAND GMBH Direct Munich (Germany) 26 EUR 100
ANSALDO RAILWAY SYSTEM TRADING (BEIJING) LTD Direct Beijing (China) 1,500 USD 100
ANSALDO STS SOUTHERN AFRICA PTY LTD Indirect Gaborone (Botswana) 0.1 BWP 100
NAME INVESTMENT TYPE REGISTERED OFFICE SHARE/QUOTA CAPITAL (€’000) CURRENCY INVESTMENT %
ALIFANA SCARL Direct Naples (Italy) 26 EUR 65.85
ALIFANA DUE SCARL Direct Naples (Italy) 26 EUR 53.34
PEGASO SCARL (in liq.) Direct Rome (Italy) 260 EUR 46.87
METRO 5 S.p.A. Direct Milan (Italy) 50,000 EUR 24.6
Metro Brescia S.r.l. Direct Brescia (Italy) 4,020 EUR 19.796
INTERNATIONAL METRO SERVICE S.r.l. Direct Milan (Italy) 700 EUR 49
BALFOUR BEATTY ANSALDO SYSTEMS JV SDN BHD Indirect Kuala Lumpur (Malaysia) 6,000 MYR 40
KAZAKHSTAN TZ-ANSALDO STS ITALY LLP* Direct Astana (Kazakhstan) 22,000 KZT 49
* In its meeting of 26 June 2013, Ansaldo STS’s board of directors approved the dissolution of the JV with JSC Remlokomotiv and authorised the early closure and liquidation of Kazakhstan TZ-Ansaldo STS Italy LLP. Based on the information available to directors, to date, the above transactions will not generate significant liabilities for Ansaldo STS group.

During the reporting period, the investment in Ansaldo STS-Sinosa Rail Solutions South Africa PTY LTD was reclassified to non-current assets held for sale as a result of the preliminary sale agreement signed with an independent third party, which was yet to be concluded at the date of preparation of this report.

 

 

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Paid-in Share Capital EUR 100,000,000 R.E.A. n. 421689 Register of Enterprises of Genoa Tax Code 01371160662
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