BASF Report 2023

2. Scope of Consolidation

Scope of consolidation (Number of companies)

 

Europe

Of which
Germany

North
America

Asia Pacific

South
America,
Africa,
Middle East

2023

2022

As of January 1

133

44

33

70

21

257

267

of which proportionally consolidated

7

2

9

9

First-time consolidationsa

7

2

3

3

2

15

1

of which proportionally consolidated

Deconsolidationsb

2

2

1

3

11

of which proportionally consolidated

As of December 31

138

44

36

73

22

269

257

of which proportionally consolidated

7

2

9

9

a

Acquisitions, newly established companies, or reclassification due to increased importance

b

Divestitures, mergers, liquidations, or downgrades due to decreased importance

In 2023, eleven companies were included in the scope of consolidation for the first time in connection with the carve-out of the BASF Environmental Catalyst and Metal Solutions business unit. Of these companies, four were in Europe (one of those in Germany), three in North America, two in South America, Africa, Middle East and two in Asia Pacific. Three companies with headquarters in Europe (one of those in Germany) were added to the scope of consolidation in connection with the expansion of the battery materials business. One company with headquarters in Asia Pacific was included for the first time due to its increased importance.

Three companies, two of which with headquarters in Germany and one in South America, Africa, Middle East, merged.

Overview of impact of changes in the scope of consolidation (excluding acquisitions and divestitures)

 

2023

2022

 

Million €

%a

Million €

%a

Sales

–46

0.0

 

 

 

 

 

Noncurrent assets

–2

0.0

191

0.4

of which property, plant and equipment

–1

0.0

Current assets

0

0.0

11

0.0

of which cash and cash equivalents

2

0.1

5

0.2

Assets

–2

0.0

202

0.2

 

 

 

 

 

Equity

1

0.0

124

0.3

Noncurrent liabilities

128

0.6

of which financial indebtedness

Current liabilities

–3

0.0

–50

–0.2

of which financial indebtedness

Total equity and liabilities

–2

0.0

202

0.2

Other financial obligations

a

Proportional share in relation to the BASF Group

The proportionally consolidated joint operations include, in particular:

  • Ellba C.V., Rotterdam, Netherlands, which is jointly operated with Shell for the production of propylene oxide and styrene monomer
  • BASF DOW HPPO Production BVBA, Antwerp, Belgium, which is jointly operated with Dow for the production of propylene oxide
  • Butachimie SNC, Chalampé, France, which is jointly operated with Invista for the production of adiponitrile (ADN) and hexamethylenediamine (HMD)
  • Alsachimie S.A.S., Chalampé, France, which is jointly operated with Domo Chemicals for the production of adipic acid

In addition to the fully and proportionally consolidated companies, 21 joint ventures and/or associated companies (2022: 23) were consolidated using the equity method as of December 31, 2023.

A list of the companies included in the Consolidated Financial Statements and of all companies in which BASF SE has a shareholding as required by section 313(2) of the German Commercial Code (HGB) is provided in the list of shares held.

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