Notes

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Consolidated subsidiaries

The fiscal year’s changes in the consolidated Group are shown in the following table:

Number

 

Germany

 

Abroad

 

 

 

 

 

Initially consolidated

 

 

 

 

Subsidiaries previously carried at cost

 

5

 

74

Newly acquired subsidiaries

 

0

 

3

Newly formed subsidiaries

 

1

 

9

 

 

6

 

86

Deconsolidated

 

 

 

 

Mergers

 

5

 

8

Liquidations

 

1

 

3

Sales/other

 

1

 

8

 

 

7

 

19

With the exception of the acquisition of Navistar, the initial consolidation or deconsolidation of these subsidiaries, either individually or collectively, did not have a significant effect on the presentation of the net assets, financial position and results of operations. The unconsolidated structured entities are immaterial from a Group perspective. In particular, they do not give rise to any significant risks to the Group.