Annual Report 2007 - Muehlhan AG
Annual Report 2007 - Muehlhan AG
Annual Report 2007 - Muehlhan AG
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
ManaGeMent divisions share Group ManaGeMent report group Consolidated FinanCial stateMents<br />
Symbol Company<br />
Shareholding<br />
in % held by<br />
MGr <strong>Muehlhan</strong> Hellas S.a., athens – Greece 51 MyaG<br />
MSpu <strong>Muehlhan</strong> Surface protection inc., Houston – uSa 100 MyaG<br />
MMi <strong>Muehlhan</strong> Marine inc., Houston - uSa (formerly: Sipco Surface protection inc.) 100 MSpu<br />
MSp Meaux Surface protection inc., lafayette – uSa 100 MSpu<br />
CCC Certified Coatings Company, Concord – uSa 100 MSpu<br />
MCC <strong>Muehlhan</strong> Certified Coatings inc., Concord – uSa 100 MSpu<br />
Moi <strong>Muehlhan</strong> offshore inc., lafayette – uSa 100 MSpu<br />
Mui <strong>Muehlhan</strong> united inc., Houston – uSa 100 MSpu<br />
HSG Haraco Services pte. ltd. – Singapore 100 MyaG<br />
MSG <strong>Muehlhan</strong> pte. ltd. – Singapore 100 HSG<br />
MSpS <strong>Muehlhan</strong> Surface protection Singapore pte. ltd. – Singapore 100 HSG<br />
MME <strong>Muehlhan</strong> Surface protection Middle East l.l.C., dubai – uaE 100 MyaG<br />
Mda <strong>Muehlhan</strong> dehan l.l.C., abu dhabi – uaE 100 MME<br />
MdQ <strong>Muehlhan</strong> dehan Qatar W.l.l., doha – Qatar 100 MME<br />
MMEH <strong>Muehlhan</strong> Middle East Holding limited, dubai – uaE 100 MyaG<br />
pra procon Emirates l.l.C. abu dhabi – uaE 100 MMEH<br />
prd procon Emirates l.l.C. dubai – uaE 100 MMEH<br />
MCN <strong>Muehlhan</strong> Surface protection Service (Shanghai) Co. ltd., Shanghai – China 100 MyaG<br />
the following companies are not included in the consolidated financial statements:<br />
Symbol Company<br />
Share-<br />
holding<br />
in %<br />
Equity at<br />
31 Dec. <strong>2007</strong><br />
in kEur<br />
Profit / loss for<br />
the year <strong>2007</strong><br />
in kEur<br />
GKV Geuer Korrosionsschutz Verwaltungs GmbH, Hamburg 100 23.2 0.4<br />
Mfp <strong>Muehlhan</strong> Grand bahama ltd, Nassau, bahamas 100 0.1 -0.1<br />
aiS aiS-allround-industrie-Service GmbH, Haan-Gruiten 51 72.9 31.6<br />
the share in aiS is indirectly held via MGr.<br />
Foreign currency translation<br />
Monetary items denominated in foreign currencies shown in the single entity financial statements of Group companies<br />
included in the consolidation are, in principle, translated at the rate of exchange at the balance sheet date. the resulting<br />
exchange gains and losses are directly taken to income or expense.<br />
53