Basis of consolidation
As well as the financial statements of Sixt Aktiengesellschaft, the consolidated financial statements include the financial statements of the following companies under the control of Sixt Aktiengesellschaft (subsidiaries) in accordance with IAS 27, at which it has the power to govern the financial and operating policies.
The following (with three exceptions) wholly owned subsidiaries were fully consolidated in the consolidated financial statements of Sixt Aktiengesellschaft as at 31 December 2008 (the equity interest corresponds to the voting power):
- Sixt GmbH & Co. Autovermietung KG, Pullach
- Sixt Leasing AG, Pullach
- Sixt Allgemeine Leasing GmbH & Co. KGaA, Pullach
- Sixt Beteiligungen GmbH & Co. Holding KG, Pullach
- Sixt VIP Services GmbH, Munich
- Sixt European Holding GmbH & Co. KG, Pullach
- Sixt Verwaltungsgesellschaft mit beschränkter Haftung & Co. Alpha Immobilien KG, Pullach
- Sixt Verwaltungsgesellschaft mit beschränkter Haftung & Co. Delta Immobilien KG, Pullach
- Sigma Grundstücks- und Verwaltungs GmbH & Co. Immobilien KG, Pullach (equity interest 94 %)
- Sigma Grundstücks- und Verwaltungs GmbH, Pullach
- Sixt Reservierungs- und Vertriebs-GmbH, Rostock
- Sixt Holiday-Cars AG, Basel (equity interest 97%)
- e-Sixt GmbH & Co. KG, Recklinghausen (equity interest 97%)
- Sixt GmbH & Co Autovermietung KG, Taufkirchen
- Sixt Verwaltungsgesellschaft mit beschränkter Haftung, Pullach
- Sixt SAS, Paris
- Sixt Location Longue Durée SARL, Paris
- Sixt G.m.b.H., Vösendorf
- Sixt Leasing G.m.b.H., Vösendorf
- Sixt AG, Basel
- Sixt Leasing (Schweiz) AG, Basel
- Sixt B.V., Hoofddorp
- Sixt Finance B.V., Hoofddorp
- United Kenning Rental Group Ltd., Chesterfield
- Sixt Kenning Ltd., Chesterfield
- Sixt Plc., Chesterfield
- Sixt Insurance Services PCC Ltd., St. Peter Port
- United Rental Group Ltd., Chesterfield
- Europa Service Car Ltd., Chesterfield
- Sixt Belgium BVBA, Zaventem
- SIXT RENT A CAR S.L., Palma de Mallorca
- Sixt rent-a-car AG, Basel
- United rentalsystem GmbH, Pullach
- Sixt Verwaltungsgesellschaft mit beschränkter Haftung & Co. Gamma Immobilien KG, Pullach
- Sixt Verwaltungsgesellschaft mit beschränkter Haftung & Co. Epsilon Immobilien KG, Pullach
The two special purpose entities listed below, which operate exclusively in the real estate sector, were also consolidated in accordance with SIC 12:
- Akrimo GmbH & Co. KG, Pöcking
- ASX Beteiligungs-GmbH & Co FAKO KG, Pöcking
The following list shows all Group companies which have not been consolidated. These subsidiaries, most of which have no operating activities, have not been consolidated because of their insignificance in the aggregate for the presentation of a true and fair view of the net assets, financial position and results of operations of the Group. The combined revenue of these companies amounts to less than 1% of consolidated revenue.
| Name, domicile | Nominal capital | Equity interest |
|---|---|---|
| e-Sixt Verwaltungs GmbH, Munich | 50,000 DM | 100% |
| Sixt GmbH, Leipzig | 50,000 DM | 100% |
| Sixt Leasing (UK), Ltd., Chesterfield | 2 GBP | 100% |
| Sixt Verwaltungs-GmbH, Taufkirchen | 25,000 EUR | 100% |
| Sixt Executive GmbH, Pullach | 50,000 DM | 100% |
| UNITED rentalsystem SARL, Paris | 7,000 EUR | 100% |
| Sixt Limousine Service Rhein Main GmbH, Frankfurt | 50,000 DM | 100% |
| Sixt Holiday Cars GmbH, Pullach | 50,000 DM | 100% |
| Get Your Car GmbH, Pullach | 100,000 EUR | 100% |
| Sixt Verwaltungsgesellschaft mit beschränkter Haftung & Co. Sita Immobilien KG, Pullach | 25,000 EUR | 100% |
| Sixt Beteiligungen GmbH, Pullach | 25,000 EUR | 100% |
| Sixt Franchise GmbH, Pullach | 25,000 EUR | 100% |
| Sixt Travel GmbH, Taufkirchen | 1,000,000 DM | 97% |
| Sixt Sud SARL, Paris | 7,622 EUR | 100 % |
| Sixti SARL, Courbevoie | 7,622 EUR | 100 % |
| Sixt Franchise SARL, Paris | 7,622 EUR | 100 % |
| Sixt Aéroport SARL, Paris | 7,622 EUR | 100 % |
| Sixt Nord SARL, Paris | 7,000 EUR | 100 % |
| Sixt Limousine Service France SARL, Paris | 7,000 EUR | 100% |
| Sixti GmbH, Pullach | 25,000 EUR | 100 % |
| Sixt Immobilien Beteiligungen GmbH, Pullach | 25,000 EUR | 100 % |
| Sixt Autoland GmbH, Garching | 25,000 EUR | 100 % |
| Sixt Allgemeine Leasing (Schweiz) AG, Basel | 100,000 SFR | 100 % |
| Sixt Asia Pacific Pte Ltd., Singapore | 200,000 SGD | 65% |
| Sixt International Holding GmbH, Pullach | 25,000 EUR | 100 % |
| SIXT S.a.r.l, Luxembourg | 12,500 EUR | 100 % |
| Sixt e-ventures GmbH, Pullach | 25,000 EUR | 100 % |
| Carmondo GmbH, Munich | 25,000 EUR | 100 % |
| Stockflock GmbH, Pullach | 25,000 EUR | 100 % |
| kud.am GmbH, Berlin | 200,000 EUR | 90 % |
| Winebase GmbH, Pullach | 25,000 EUR | 75 % |