As the publicly-traded parent company of the BASF Group, BASF SE takes a central position: Directly or indirectly, it holds the shares in the companies belonging to the BASF Group, and is also its largest operating company. The majority of Group companies cover a broad spectrum of our business. Some concentrate on specific business areas: the Wintershall Group companies, for example, focus on oil and gas activities. In the BASF Group Consolidated Financial Statements, 292 companies including BASF SE are fully consolidated. We consolidate 24 jointly controlled entities with one or more partners on a proportional basis. We also include 13 companies using the equity method.