95 / 130
Currency translation adjustment
The currency translation adjustment comprises all foreign exchange differences arising from the
translation of the financial statements of foreign entities included in the consolidated financial
statements.
23 Non-controlling interests
The non-controlling interests derive from UGN Inc. (USA), Autoneum Erkurt Otomotive AS (Turkey),
Tianjin Autoneum Nittoku Sound-Proof Co. Ltd. (China), Autoneum Nittoku (Guangzhou) Sound-Proof
Co. Ltd. (China), Autoneum Nittoku Sound Proof Products India Pvt. Ltd., Autoneum Feltex (Pty) Ltd.
(South Africa), Autoneum Portugal Lda. and Autoneum Korea Ltd. Due to disclosure restrictions
in shareholder agreements, information on significant non-controlling interests is only disclosed on
an aggregated level.
The table below sets out aggregated financial information of the subsidiaries with non-controlling
interests:
CHF million
31.12.2015 31.12.2014
Non-current assets
158.7
149.5
Current assets
166.6
156.2
Non-current liabilities
–35.5
–34.0
Current liabilities
–90.4
–85.3
Net assets
199.4
186.5
Thereof non-controlling interests
96.2
89.0
2015
2014
Net sales
540.0
467.6
Net profit
55.3
50.5
Other comprehensive income
–5.0
14.8
Total comprehensive income
50.4
65.3
Thereof non-controlling interests
24.4
31.4
Cash flows from operating activities
68.5
60.2
Cash flows used in investing activities
–35.8
–27.0
Cash flows used in financing activities
–43.6
–29.3
Net change in cash and cash equivalents
–10.9
4.0
91
Autoneum
Financial Report 2015
Consolidated financial statements