Including the parent company Merck KGaA, Darmstadt, 191 (2012: 203) German and foreign companies were fully consolidated in the annual financial statements of the Merck Group. Of these companies, 165 (2012: 178) are located abroad. No companies were consolidated using the equity method or the proportionate consolidation method as of the balance sheet date. Overall, the following changes in the scope of consolidation had no material impact on the financial statements: Six newly established companies were included in the consolidated financial statements for the first time. Owing to eleven liquidations and four mergers and three disposals, 18 companies were deconsolidated.
Due to secondary importance, 22 (2012: 28) subsidiaries were not consolidated. Overall, the impact of these subsidiaries on sales, profit after tax, assets and equity was less than 1% relative to the entire Merck Group. The interests in subsidiaries not consolidated due to secondary importance were classified as available-for-sale financial assets and presented under non-current financial assets. The list of shareholdings presents all of the companies included in the consolidated financial statements as well as all of the shareholdings of the Merck KGaA (see Note [71]).
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