Common use of Principles of Consolidation Clause in Contracts

Principles of Consolidation. The consolidated financial statements include the accounts of the Company and its wholly owned and majority owned subsidiaries in Germany and Japan. Significant intercompany accounts and transactions have been eliminated in consolidation.

Principles of Consolidation. The consolidated financial statements include the accounts of the Company parent company and its wholly owned subsidiaries, all of which are wholly-owned. All material intercompany accounts, transactions and majority owned subsidiaries in Germany and Japan. Significant intercompany accounts and transactions profits have been eliminated eliminated. Investments in consolidationjoint ventures in which the Company has a 20% to 50% interest are accounted for using the equity method.

Principles of Consolidation. The consolidated financial statements include the accounts of the Company and its wholly wholly-owned and majority owned subsidiaries in Germany and Japansubsidiaries. Significant All significant intercompany accounts and transactions have been eliminated in consolidationthe accompanying consolidated financial statements.