Annual Report 2007 - Muehlhan AG
Annual Report 2007 - Muehlhan AG
Annual Report 2007 - Muehlhan AG
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52<br />
as of 31 december <strong>2007</strong>, the newly acquired companies procon Emirates l.l.C. abu dhabi and procon Emirates l.l.C.<br />
dubai were included in the consolidation entity. the converted purchase price of the companies was Eur 1.2 million,<br />
which led to goodwill of Eur 0.6 million. the effects of the initial consolidation on the consolidated balance sheet entail<br />
not just goodwill but also increases in trade receivables of Eur 1.0 million and financial liabilities of Eur 0.4 million.<br />
in august <strong>2007</strong>, the previously fully consolidated <strong>Muehlhan</strong> polska Holding Sp. z o.o., with headquarters in Szczecin,<br />
poland, was deconsolidated. the company was liquidated. the proceeds from the liquidation accrued to <strong>Muehlhan</strong> aG.<br />
Effective 2 January 2008, Geuer Korrosionsschutz GmbH & Co. KG, Kiel, was merged with <strong>Muehlhan</strong> bremen GmbH<br />
(MHb).<br />
Geuer Korrosionsschutz Verwaltungs GmbH, Hamburg, <strong>Muehlhan</strong> Grand bahama ltd. and aiS-allround-industrie-<br />
Service GmbH, Haan-Gruiten, are not included in the consolidation entity because they are of minor importance in relation<br />
to the requirement to present a true and fair view of the net assets, financial position and operations of the Group.<br />
the following companies are included in the consolidated financial statements:<br />
Symbol Company<br />
Shareholding<br />
in % held by<br />
MyaG <strong>Muehlhan</strong> aG, Hamburg parent company<br />
GKS Geuer Korrosionsschutz GmbH & Co. KG, Kiel 100 MyaG<br />
GMH Gerüstbau <strong>Muehlhan</strong> GmbH, Hamburg 100 MyaG<br />
MrW <strong>Muehlhan</strong> rostock GmbH, rostock 100 MyaG<br />
MES <strong>Muehlhan</strong> Equipment Services GmbH, Hamburg 100 MyaG<br />
ME <strong>Muehlhan</strong> GmbH, Emden 100 MyaG<br />
MHb <strong>Muehlhan</strong> bremen GmbH, bremen 100 MyaG<br />
MdK <strong>Muehlhan</strong> a / S, Vissenbjerg – denmark 100 MyaG<br />
MNo <strong>Muehlhan</strong> Norge aS, Stavanger – Norway 100 MdK<br />
MG <strong>Muehlhan</strong> Sp. z o.o., Gdansk – poland 100 MyaG<br />
MSpp Maritime Surface protection poland Sp. z o.o., Szczecin – poland 100 MyaG<br />
Mpl <strong>Muehlhan</strong> Steel Services Sp. z o.o., Szczecin – poland 100 MyaG<br />
Mf <strong>Muehlhan</strong> S.a.r.l., St. Nazaire – france 100 MyaG<br />
MMf <strong>Muehlhan</strong> Morflot ooo, St. petersburg – russia 70 MyaG<br />
MNl <strong>Muehlhan</strong> b.V., Vlaardingen – Netherlands 100 MyaG<br />
MGb <strong>Muehlhan</strong> Surface protection ltd., aberdeen – Great britain 100 MyaG