Nabaltec_E_GB2016

ACCOUNTING POLICIES 67 stricken. Subject to implementation in EU law, the amendments to IFRS 12 are first to be applied in the first reporting period of financial years beginning on or after 1 January 2017 and the amendments to IFRS 1 and IAS 28 are first to be applied in the first reporting period of financial years beginning or after 1 January 2018. The company does not expect these amendments to have a material impact on the consolidated financial statements. The following standards and amendments were/are not applied due to lack of relevance for Nabaltec AG: ■ ■ ■ ■ ■ ■ ■ ■ ■ IFRS 2 “Share-based payment” IFRS 4 “Insurance contracts” IFRS 6 “Exploration for and evaluation of mineral resources” IFRS 11 “Joint arrangements” IAS 11 “Construction contracts” IAS 26 “Accounting and reporting by retirement benefit plans” IAS 28 “Investments in associates and joint ventures” IAS 29 “Financial reporting in hyperinflationary economies” IAS 41 “Agriculture” SUBSIDIARIES AND CONSOLIDATED COMPANIES 2.3 The consolidated financial statements include the financial statements of the parent company and the company it controls, including structured entities (its subsidiaries), insofar as they are material for presentation of the financial, earnings and liquidity position. The company obtains control when it: ■ ■ ■ can exercise power over the investee; is exposed to variable returns from its investment; and has the ability to affect those returns through its power over the investee. The composition of the Group is evident from the table below: NUMBER OF COMPANIES Nabaltec AG and fully consolidated subsidiary Domestic Foreign Unconsolidated subsidiaries Foreign 2016 2015 1 1 1 1 1 0 The following subsidiaries were included in the consolidated financial statements of Nabaltec AG: SUBSIDIARIES Name of the subsidiary Main Businesses Registered office Share of capital and voting rights 12/31/2016 in % 12/31/2015 in % Nashtec LLC Production of aluminum hydroxides Corpus Christi, USA 51.00 51.00 Annual Report 2016 | Nabaltec AG |||| S T N E M E T A T S L A I C N A N I F D E T A D I L O S N O C

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