Accounting policy

A discontinued operation is a component of the Group which the Group has disposed of or which is classified as held for sale (see note F25 Assets held for sale), and which:

  • represents a separate major line of business or geographical area of operations
  • is part of a single coordinated plan to dispose of a separate major line of business or geographical area of operations or
  • is a subsidiary acquired exclusively with a view to resale.

A component of the Group consists of operations and cash flows, which can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the Group.

In the consolidated statement of comprehensive income, the consolidated statement of cash flows, and disclosures, discontinued operations are re-presented for prior periods.

2016
In € million

 

Indupa

 

Acetow

 

Emerging Biochemicals

 

Other

 

Total

(1)

Including recycling of currency translation adjustments for Indupa (€ (55) million).

Sales

 

478

 

531

 

404

 

0

 

1,414

Breakdown discontinued operations

 

 

 

 

 

 

 

 

 

 

Loss recognised as result of remeasurement to fair value less costs to sell

 

(63)

 

 

 

 

 

 

 

(63)

EBIT(1)

 

(95)

 

116

 

30

 

16

 

68

Financial result

 

(31)

 

(4)

 

(2)

 

0

 

(37)

Tax

 

(3)

 

(33)

 

0

 

0

 

(36)

Profit (loss) from discontinued operations

 

(129)

 

79

 

28

 

16

 

(6)

 

 

 

 

 

 

 

 

 

 

 

attributable to:

 

 

 

 

 

 

 

 

 

 

Solvay share

 

(126)

 

79

 

12

 

16

 

(19)

non-controlling interests

 

(3)

 

0

 

16

 

0

 

13

2015
In € million

 

Indupa

 

Chlorovinyls

 

Acetow

 

Emerging Biochemicals

 

Other

 

Total

Sales

 

529

 

965

 

526

 

437

 

0

 

2,456

Breakdown discontinued operations

 

 

 

 

 

 

 

 

 

 

 

 

Loss recognised as result of remeasurement to fair value less costs to sell

 

(88)

 

 

 

 

 

 

 

 

 

(88)

EBIT

 

(68)

 

102

 

116

 

22

 

(16)

 

156

Financial result

 

(33)

 

(2)

 

(3)

 

(1)

 

0

 

(39)

Tax

 

5

 

(41)

 

(28)

 

0

 

(2)

 

(66)

Profit (loss) from discontinued operations

 

(96)

 

59

 

85

 

21

 

(18)

 

51

 

 

 

 

 

 

 

 

 

 

 

 

 

attributable to:

 

 

 

 

 

 

 

 

 

 

 

 

Solvay share

 

(86)

 

44

 

85

 

11

 

(18)

 

36

non-controlling interests

 

(10)

 

15

 

0

 

10

 

0

 

15