1) Group of consolidated companies


All significant subsidiaries under legal and/or actual control of Deutsche Lufthansa AG are included in the consolidated financial statements. Significant joint ventures or associated companies are accounted for using the equity method when the Group holds between 20 and 50 per cent of the shares and/or can, together with other shareholders, exercise control or significant influence.

A list of significant subsidiaries, joint ventures and associated companies can be found in chapter "Subsidiaries, joint ventures and associated companies". The list of shareholdings is attached at the end of these notes.

LSG Sky Chefs/GCC Ltd. is classified as a fully consolidated associated company in spite of a 50 per cent share of voting rights because the Lufthansa Group exercises economic and financial control over the company.

LSG Lufthansa Service Hong Kong Ltd. is classified as a fully consolidated associated company in spite of a 47.9 per cent share of voting rights because the Lufthansa Group exercises economic and financial control over the company.

Special purpose entities in which the Group does not hold a voting majority are, nonetheless, classified as subsidiaries if the Group derives majority benefit from their activities or bears most of the risk. The companies affected are identified as such in the list of significant subsidiaries.

In addition to Deutsche Lufthansa AG as the parent company, the group of consolidated companies includes 60 domestic and 168 foreign companies, including special purpose entities (previous year: 67 domestic and 155 foreign companies).

Changes in the group of consolidated companies during the 2011 financial year are shown in the following table:

Changes in the group of consolidated companies

Name, registered office

Additions

Disposals

Reason

Passenger Airline Group segment

 

 

 

ALIP No. 4 Co., Ltd., Tokyo, Japan

26.10.11

 

Established

ALIP No. 6 Co., Ltd., Tokyo, Japan

26.10.11

 

Established

Gina Leasing Co. Ltd., Tokyo, Japan

16.12.11

 

Established

Lufthansa Leasing Austria GmbH & Co. OG Nr. 11, Salzburg, Austria

24.3.11

 

Established

Lufthansa Leasing Austria GmbH & Co. OG Nr. 12, Salzburg, Austria

24.3.11

 

Established

Lufthansa Leasing Austria GmbH & Co. OG Nr. 14, Salzburg, Austria

24.3.11

 

Established

NBB Cologne Lease Co., Ltd., Tokyo, Japan

23.12.11

 

Established

TimBenNico Finance 2011 S.N.C., Paris, France

5.7.11

 

Established

AUA A320/A321 2001 Ltd., George Town, Cayman Islands

 

15.12.11

Liquidation

Lufthansa Leasing GmbH & Co. Fox-Alfa oHG, Grünwald, Germany

 

11.7.11

Company purpose suspended

Lufthansa Leasing GmbH & Co. Fox-Delta oHG, Grünwald, Germany

 

1.7.11

Merger

Lufthansa Leasing GmbH & Co. Fox-Echo oHG, Grünwald, Germany

 

1.7.11

Merger

Lufthansa Leasing GmbH & Co. Fox-Hotel oHG, Grünwald, Germany

 

11.7.11

Company purpose suspended

Lufthansa Leasing GmbH & Co. Fox-Quebec oHG, Grünwald, Germany

 

1.1.11

Company purpose suspended

Lufthansa Leasing GmbH & Co. Fox-Romeo oHG, Grünwald, Germany

 

1.1.11

Company purpose suspended

Lufthansa Leasing GmbH & Co. Fox-Sierra oHG, Grünwald, Germany

 

1.1.11

Company purpose suspended

Lufthansa Leasing GmbH & Co. Fox-Tango oHG, Grünwald, Germany

 

1.1.11

Company purpose suspended

Lufthansa Leasing GmbH & Co. Fox-Uniform oHG, Grünwald, Germany

 

1.1.11

Company purpose suspended

Lufthansa Leasing GmbH & Co. Fox-Victor oHG, Grünwald, Germany

 

1.1.11

Company purpose suspended

Lufthansa Leasing GmbH & Co. Fox-Yankee oHG, Grünwald, Germany

 

1.1.11

Company purpose suspended

Lufthansa Leasing GmbH & Co. Golf-Lima oHG, Grünwald, Germany

 

1.1.11

Company purpose suspended

Lufthansa Leasing GmbH & Co. Golf-Mike oHG, Grünwald, Germany

 

1.1.11

Company purpose suspended

 

 

 

 

IT Services segment

 

 

 

Lufthansa Systems Aeronautics GmbH, Raunheim, Germany

 

24.3.11

Merger

Lufthansa Systems Airline Services GmbH, Kelsterbach, Germany

 

24.3.11

Merger

Lufthansa Systems Berlin GmbH, Berlin, Germany

 

24.3.11

Merger

Lufthansa Systems Infratec GmbH, Kelsterbach, Germany

 

24.3.11

Merger

Lufthansa Systems Passenger Services GmbH, Kelsterbach, Germany

 

24.3.11

Merger

 

 

 

 

Catering segment

 

 

 

Charm Food Service Co. Ltd., Incheon, South Korea

1.1.11

 

Established

Constance Food Group, Inc., New York, USA

1.11.11

 

Purchase

LSG France SAS, Paris, France

28.9.11

 

Established

LSG Sky Chefs – First Catering Schweiz AG, Basserdorf, Switzerland

24.5.11

 

Established

LSG Sky Chefs Argentina S.A., Buenos Aires, Argentina

1.6.11

 

Consolidated for the first time

LSG Sky Chefs Berlin GmbH, Neu-Isenburg, Germany

1.7.11

 

Established

LSG Sky Chefs Bremen GmbH, Neu-Isenburg, Germany

1.7.11

 

Established

LSG Sky Chefs Düsseldorf GmbH, Neu-Isenburg, Germany

1.7.11

 

Established

LSG Sky Chefs Frankfurt International GmbH, Neu-Isenburg, Germany

1.7.11

 

Established

LSG Sky Chefs Frankfurt ZD GmbH, Neu-Isenburg, Germany

1.7.11

 

Established

LSG Sky Chefs Hamburg GmbH, Neu-Isenburg, Germany

1.7.11

 

Established

LSG Sky Chefs Hannover GmbH, Neu-Isenburg, Germany

1.7.11

 

Established

LSG Sky Chefs Köln GmbH, Neu-Isenburg, Germany

1.7.11

 

Established

LSG Sky Chefs Leipzig GmbH, Neu-Isenburg, Germany

1.7.11

 

Established

LSG Sky Chefs München GmbH, Neu-Isenburg, Germany

1.7.11

 

Established

LSG Sky Chefs Nürnberg GmbH, Neu-Isenburg, Germany

1.7.11

 

Established

LSG Sky Chefs Stuttgart GmbH, Neu-Isenburg, Germany

1.7.11

 

Established

Oakfield Farms Solutions Europe Ltd., Feltham, United Kingdom

1.4.11

 

Consolidated for the first time

LSG Sky Chefs Deutschland GmbH, Neu-Isenburg, Germany

 

1.7.11

Spin-off

As of 1 November 2011, 100 per cent of the shares in the US company Constance Food Group Inc. were acquired for a purchase price of EUR 16m. The purchase is made up of a payment of EUR 6m and a subsequent instalment with a present value of EUR 9m as well as the present value of an earn-out payment of EUR 1m depending on the future earnings performance of Constance Food Group Inc. The shares acquired correspond to the voting rights. Calculating the fair value of the company’s assets and liabilities on the acquisition date resulted in goodwill of EUR 8m. The following table shows the companies’ main assets and liabilities immediately before and after the acquisition date:

 

in €m

Before acquisition

After acquisition

Non-current assets

2

18

Current assets

3

3

thereof cash and cash equivalents

1

1

thereof other current assets

2

2

Total assets

5

21

 

 

 

Shareholders’ equity

2

16

Non-current liabilities

0

1

Current liabilities

3

4

Total equity and liabilities

5

21

The following fully consolidated German Group companies made use of the exemption provisions in Section 264 Paragraph 3 and Section 264b German Commercial Code (HGB) in 2011:

 

Company name

Registered office

Germanwings GmbH

Cologne

Hamburger Gesellschaft für Flughafenanlagen mbH

Hamburg

In-Flight Management Solutions GmbH

Neu-Isenburg

LSG Asia GmbH

Neu-Isenburg

LSG-Food & Nonfood Handel GmbH

Frankfurt/M.

LSG Lufthansa Service Catering- und Dienstleistungsgesellschaft mbH

Neu-Isenburg

LSG Lufthansa Service Europa/Afrika GmbH

Neu-Isenburg

LSG Lufthansa Service Holding AG

Neu-Isenburg

LSG Sky Chefs Catering Logistics GmbH

Neu-Isenburg

LSG Sky Chefs Düsseldorf GmbH

Neu-Isenburg

LSG Sky Chefs Frankfurt International GmbH

Neu-Isenburg

LSG Sky Chefs Frankfurt ZD GmbH

Neu-Isenburg

LSG Sky Chefs München GmbH

Neu-Isenburg

LSG Sky Chefs Verwaltungsgesellschaft mbH

Neu-Isenburg

LSG Sky Chefs Lounge GmbH

Neu-Isenburg

LSG-Sky Food GmbH

Alzey

LSG South America GmbH

Neu-Isenburg

Lufthansa Technik AERO Alzey GmbH

Alzey

Lufthansa Cargo AG

Kelsterbach

Lufthansa Cargo Charter Agency GmbH

Kelsterbach

Jettainer GmbH

Raunheim

Lufthansa CityLine GmbH

Cologne

Lufthansa Commercial Holding GmbH

Cologne

Lufthansa Flight Training Berlin GmbH

Berlin

Lufthansa Flight Training GmbH

Frankfurt/M.

Lufthansa Leasing GmbH & Co Echo-Zulu oHG

Grünwald

Lufthansa Systems Aktiengesellschaft

Kelsterbach

Lufthansa Systems AS GmbH

Norderstedt

Lufthansa Systems Business Solutions GmbH

Raunheim

Lufthansa Process Management GmbH

Neu-Isenburg

Lufthansa Technik AG

Hamburg

Lufthansa Technik Immobilien und Verwaltungsgesellschaft mbH

Hamburg

Lufthansa Technik Logistik GmbH

Hamburg

Lufthansa Technik Maintenance International GmbH

Frankfurt/M.

Lufthansa Technik Objekt- und Verwaltungsgesellschaft mbH

Hamburg

Lufthansa Training & Conference Center GmbH

Seeheim-Jugenheim

Lufthansa WorldShop GmbH

Frankfurt/M.

MARDU Grundstücks-Verwaltungsgesellschaft mbH & Co. oHG

Grünwald

Miles & More International GmbH

Neu-Isenburg

Since the revision of the Energy Economy Act (EnWG) in August 2011, Lufthansa Technik AG (LHT) qualifies as an energy supply company within the meaning of Section 3 No. 18 Energy Economy Act as amended. This is due to the operation of a medium tension installation, whose main function by far is to supply LHT’s operating site, but which also provides electricity to affiliated companies and third parties. In the reporting year these purchased 14 GWh of electricity from LHT (of which 12 GWh went to affiliated companies).

The consolidated financial statements include equity stakes in 58 joint ventures and 41 associated companies (previous year: 60 joint ventures and 41 associated companies), of which 10 joint ventures (previous year: 11) and 15 associated companies (previous year: 17) were accounted for using the equity method. The other joint ventures and associated companies were valued at amortised cost due to their minor overall significance.

The following assets and liabilities and income and expenses are attributed to the Group based on the equity stake held in each joint venture and associated company:

 

 

2011

2010

in €m

Joint Ventures

Associated companies

Associated companies not accounted for using the equity method

Joint Ventures

Associated companies

Associated companies not accounted for using the equity method

Non-current assets

238

236

345

146

252

351

Current assets

245

121

53

205

117

28

Shareholders’ equity

141

144

40

128

131

28

Non-current liabilities

130

137

329

51

171

219

Current liabilities

212

76

29

172

67

132

Income

723

252

61

512

201

57

Expenses

688

230

51

491

187

50