Scope of consolidation

Standards and scope of consolidation

These Condensed Consolidated Half-Year Financial Statements of the Ansaldo STS Group at 30 June 2011 include the accounts at 30 June 2011 of the companies/entities included in the scope of consolidation (“consolidated entities”), which have been prepared in accordance with the IFRSs adopted by the Ansaldo STS Group. Below is a list of the consolidated entities included in the scope of consolidation and the relevant Group ownership percentage (direct or indirect):

List of companies consolidated on a line-by-line basis
COMPANY DIRECT/INDIRECT CONTROL REGISTERED OFFICE SHARE CAPITAL (/000) CURRENCY SHARE OWNED  %
ANSALDO STS AUSTRALIA PTY LTD Direct Eagle Farm (Australia) 5,026 AUD 100
ANSALDO STS SWEDEN AB Direct Solna (Sweden) 4,000 SEK 100
ANSALDO STS FINLAND OY Indirect Helsinki (Finland) 10 EURO 100
ANSALDO STS UK LTD Direct London (United Kingdom) 1,000 GBP 100
ANSALDO STS IRELAND LTD Direct Tralee (Ireland) 100 EURO 100
ACELEC Société par actions simplifiée Indirect Les Ulis (France) 168 EURO 100
ANSALDO STS ESPANA SA Indirect Madrid (Spain) 1,500 EURO 100
ANSALDO STS BEIJING LTD Indirect Beijing (China) 837 EURO 80
ANSALDO STS HONG KONG LTD Indirect Hong Kong (China) 100 HKD 100
ANSALDO STS FRANCE Société par actions simplifiée Direct Les Ulis (France) 5,000 EURO 100
UNION SWITCH & SIGNAL INC Indirect Greenville (Delaware USA) 1 USD 100
ANSALDO STS MALAYSIA SDN BHD Indirect Petaling Jaya (Malaysia) 3,000 MYR 100
ANSALDO STS CANADA INC Indirect Kingstone (Canada) 0 CAD 100
ANSALDO STS USA INC Direct Wilmington (Delaware USA) 0.1 USD 100
ANSALDO STS USA INTERNATIONAL CO Indirect Wilmington (Delaware USA) 1 USD 100
ANSALDO STS USA INT.PROJECTS CO Indirect Wilmington (Delaware USA) 25 USD 100
ANSALDO STS TRANSPORTATION SYSTEMS INDIA PVT LTD Indirect Bangalore (India) 1,312,915 INR 100
ANSALDO STS DEUTSCHLAND GMBH Direct Munich (Germany) 26 EURO 100
ANSALDO RAILWAY SYSTEM TECHNICAL SERVICE (BEIJING) Ltd Direct Beijing (China) 1,500 USD 100
ANSALDO STS SOUTH AFRICA PTY LTD Indirect Sandton (South Africa) 2 ZAR 100
ANSALDO STS SOUTHERN AFRICA PTY LTD Indirect Gaborone (Botswana) 0.1 BWP 100
List of companies consolidated by proportionate method
COMPANY DIRECT/INDIRECT CONTROL REGISTERED OFFICE SHARE CAPITAL (/000) CURRENCY SHARE OWNED
BALFOUR BEATTY ANSALDO SYSTEMS JV SDN BHD Indirect Tasik Ampang (Malaysia) 6,000 MYR 40
KAZAKHSTAN TZ-ANSALDO STS ITALY LLP Direct Astana (Kazakhstan) 22,000 KZT 49
List of companies accounted for using the equity method
COMPANY DIRECT/INDIRECT CONTROL REGISTERED OFFICE SHARE CAPITAL (/000) CURRENCY SHARE OWNED
ECOSEN CA (VENEZUELA) Indirect Caracas (Venezuela) 1,310 VBF 48
ALIFANA SCARL Direct Naples (Italy) 26 EURO 65.85
ALIFANA DUE SCARL Direct Naples (Italy) 26 EURO 53.34
PEGASO SCRL Direct Rome (Italy) 260 EURO 46.87
METRO 5 SpA Direct Milan (Italy) 50,000 EURO 24.6
ANSALDO STS Sistemas di Transporte e Sinalização Limitada Direct Santana de Parnaiba (Brazil) 1,000 REAL 100
INTERNATIONAL METRO SERVICE Srl Direct Milan (Italy) 700 EURO 49