2. Scope of Consolidation
The consolidated financial statements include SAP AG and all of its material majority-owned subsidiaries. All significant intercompany transactions and balances relating to these majority-owned entities have been eliminated.
The following table summarizes the change in the number of companies included in the consolidated financial statements:
Number of companies consolidated in the financial statements
The impact of changes in the scope of companies included in the Consolidated Financial Statements during 2003 did not have a significant effect on the comparability of the Consolidated Financial Statements presented. Five additions relate to the acquisitions presented in Note 4. All other additions relate to newly founded companies. All disposals are due to mergers within the Group.
Five companies, in which SAP does not have a controlling financial interest but the ability to exercise significant influence over the operating and financial policies of the investees (“associated companies”) are accounted for using the equity method. In 2003, SAP acquired two and sold two investments in associated companies. Neither the acquisitions nor the disposals had a significant impact on SAP’s Consolidated Financial Statements. All affiliated companies and associated companies are listed in Note 39 with ownership percentages, revenues, net income, equity, and numbers of employees.
Separate financial statements were not prepared for the following subsidiaries as allowed under the exemptions codified in HGB, section 264b:
- SAP Hosting AG & Co. KG, St. Leon-Rot
- SAP Retail Solutions GmbH & Co. KG, St. Ingbert
- SAP Deutschland AG & Co. KG, Walldorf
- DCW Software AG & Co. KG, Mannheim
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