2 – Scope of consolidation
In addition to BASF SE, all material subsidiaries are included in the BASF Group Financial Statements on a fully consolidated basis. Joint arrangements that are classified as joint operations according to IFRS 11 are proportionally consolidated. Changes in the number of fully and proportionally consolidated companies are shown in the table.
Since the beginning of 2016, five companies have been included in the scope of consolidation for the first time due to increased significance. The establishment of a company headquartered in the United States also expanded the scope of consolidation. One Belgium-based company has been liquidated.
The lower number of companies accounted for using the equity method came from the liquidation of BASF Heesung Trading Corporation, Seoul, South Korea.
|
|
2016 |
2015 |
|---|---|---|---|
As of January 1 |
|
258 |
281 |
Thereof proportionally consolidated |
|
7 |
7 |
First-time consolidations |
|
6 |
5 |
Thereof proportionally consolidated |
|
1 |
− |
Deconsolidations |
|
1 |
10 |
Thereof proportionally consolidated |
|
− |
− |
As of June 30 |
|
263 |
276 |
Thereof proportionally consolidated |
|
8 |
7 |
|
|
2016 |
2015 |
|---|---|---|---|
As of January 1 |
|
32 |
34 |
As of June 30 |
|
31 |
35 |