Scope of Consolidation

Changes in the scope of consolidation

The consolidated financial statements as of September 30, 2017, included 241 companies (December 31, 2016: 301 companies). Six (December 31, 2016: six) joint ventures and four (December 31, 2016: five) associates were accounted for in the consolidated financial statements using the equity method according to IAS 28 (Investments in Associates and Joint Ventures). Effective September 30, 2017, Covestro Group is no longer consolidated. Covestro AG, as the parent company of the Covestro Group, is accounted for in the consolidated financial statements using the equity method.