Ten-year summary

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Million €

 

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

1

Since 2005, the accounting and reporting of the BASF Group have been prepared in accordance with International Financial Reporting Standards (IFRS). The previous year’s figures have been restated in accordance with IFRS. The figures for the years up to and including 2003 were prepared according to German GAAP.

2

Includes the change in reporting from 2009 onward of the effects of regular extensions of U.S. dollar hedging transactions

3

Before external financing of pension obligations

4

Calculated in accordance with German GAAP

5

After deduction of repurchased shares earmarked for cancellation

6

In the second quarter of 2008, we conducted a two-for-one stock split. The previous years’ figures for earnings per share, dividend per share and number of shares have been adjusted accordingly.

7

Adjusted for special items and impairment of intangible assets, earnings per share were €5.71 in 2012 and €6.26 in 2011.

Sales and earnings 1

 

 

 

 

 

 

 

 

 

 

 

Sales

 

33,361

37,537

42,745

52,610

57,951

62,304

50,693

63,873

73,497

78,729

Income from operations before depreciation and amortization (EBITDA)

5,110

7,685

8,233

9,723

10,225

9,562

7,388

11,131

11,993

12,516

Income from operations (EBIT)

2,658

5,193

5,830

6,750

7,316

6,463

3,677

7,761

8,586

8,976

Income before taxes

2,168

4,347

5,926

6,527

6,935

5,976

3,079

7,373

8,970

8,436

Income before minority interests

976

2,133

3,168

3,466

4,325

3,305

1,655

5,074

6,603

5,222

Net income

910

2,004

3,007

3,215

4,065

2,912

1,410

4,557

6,188

4,879

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures, depreciation and amortization 1

 

 

 

 

 

 

 

 

 

 

Additions to property, plant and equipment and intangible assets

3,415

2,163

2,523

10,039

4,425

3,634

5,972

5,304

3,646

5,397

Thereof property, plant and equipment

2,293

2,022

2,188

4,068

2,564

2,809

4,126

3,294

3,199

4,215

Depreciation and amortization of property, plant and equipment and intangible assets

2,452

2,492

2,403

2,973

2,909

3,099

3,711

3,370

3,407

3,540

Thereof property, plant and equipment

1,951

2,053

2,035

2,482

2,294

2,481

2,614

2,667

2,618

2,850

 

 

 

 

 

 

 

 

 

 

 

 

Number of employees

 

 

 

 

 

 

 

 

 

 

At year-end

87,159

81,955

80,945

95,247

95,175

96,924

104,779

109,140

111,141

113,262

Annual average

88,167

85,022

80,992

88,160

94,893

95,885

103,612

104,043

110,403

112,388

 

 

 

 

 

 

 

 

 

 

 

 

Personnel expenses 1

5,891

5,615

5,574

6,210

6,648

6,364

7,107

8,228

8,576

9,089

 

 

 

 

 

 

 

 

 

 

 

 

Research and development expenses 1

1,105

1,173

1,064

1,277

1,380

1,355

1,398

1,492

1,605

1,746

 

 

 

 

 

 

 

 

 

 

 

 

Key data 1

 

 

 

 

 

 

 

 

 

 

Earnings per share 6,7

0.81

1.83

2.87

3.19

4.16

3.13

1.54

4.96

6.74

5.31

Cash provided by operating activities 2

4,878

4,634

5,250 3

5,940

5,807

5,023

5,693

6,460

7,105

6,733

EBITDA margin

%

15.3

20.5

19.3

18.5

17.6

15.3

14.6

17.4

16.3

15.9

Return on assets

%

7.4

13.2

17.7

17.5

16.4

13.5

7.5

14.7

16.1

14.6

Return on equity after tax

%

6.0

12.9

18.6

19.2

22.4

17.0

8.9

24.6

27.5

20.4

 

 

 

 

 

 

 

 

 

 

 

 

Appropriation of profits

 

 

 

 

 

 

 

 

 

 

Net income of BASF SE 4

1,103

1,363

1,273

1,951

2,267

2,982

2,176

3,737

3,506

2,880

Transfer to retained earnings 4

334

449

Dividend

774

904

1,015

1,484

1,831

1,791

1,561

2,021

2,296

2,388

Dividend per share 6

0.70

0.85

1.00

1.50

1.95

1.95

1.70

2.20

2.50

2.60

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares as of December 31 5,6

million

1,113.3

1,080.9

1,028.8

999.4

956.4

918.5

918.5

918.5

918.5

918.5

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Balance sheet (German GAAP)

Million €

2003

Intangible assets

3,793

Property, plant and equipment

13,070

Financial assets

2,600

Fixed assets

19,463

 

 

Inventories

4,151

Accounts receivable, trade

4,954

Other receivables

3,159

Deferred taxes

1,247

Marketable securities

147

Cash and cash equivalents

481

Current assets

14,139

 

 

Total assets

33,602

 

 

 

 

Subscribed capital

1,425

Capital surplus

2,983

Paid-in capital

4,408

Retained earnings

12,055

Currency translation adjustment

(972)

Minority interests

388

Equity

15,879

 

 

Pensions and other long-term provisions

6,205

Tax and other short-term provisions

2,982

Provisions

9,187

 

 

Financial indebtedness

3,507

Accounts payable, trade

2,056

Other liabilities

2,973

Liabilities

8,536

 

 

Provisions and liabilities

17,723

Thereof long-term liabilities

10,285

 

 

Total equity and liabilities

33,602

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Balance sheet (IFRS)

Million €

2004

2005

2006

2007

2008

2009

2010

2011

2012

Intangible assets

3,607

3,720

8,922

9,559

9,889

10,449

12,245

11,919

12,241

Property, plant and equipment

13,063

13,987

14,902

14,215

15,032

16,285

17,241

17,966

18,177

Investments accounted for using the equity method

1,100

244

651

834

1,146

1,340

1,328

1,852

2,045

Other financial assets

938

813

1,190

1,952

1,947

1,619

1,953

848

880

Deferred taxes

1,337

1,255

622

679

930

1,042

1,112

941

1,545

Other receivables and miscellaneous long-term assets

473

524

612

655

642

946

653

561

650

Long-term assets

20,518

20,543

26,899

27,894

29,586

31,681

34,532

34,087

35,538

 

 

 

 

 

 

 

 

 

 

Inventories

4,645

5,430

6,672

6,578

6,763

6,776

8,688

10,059

9,930

Accounts receivable, trade

5,861

7,020

8,223

8,561

7,752

7,738

10,167

10,886

10,138

Other receivables and miscellaneous short-term assets

2,133

1,586

2,607

2,337

3,948

3,223

3,883

3,781

3,504

Marketable securities

205

183

56

51

35

15

16

19

23

Cash and cash equivalents

2,086

908

834

767

2,776

1,835

1,493

2,048

1,777

Assets of disposal groups

614

614

295

3,417

Short-term assets

14,930

15,127

18,392

18,908

21,274

19,587

24,861

27,088

28,789

 

 

 

 

 

 

 

 

 

 

Total assets

35,448

35,670

45,291

46,802

50,860

51,268

59,393

61,175

64,327

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subscribed capital

1,383

1,317

1,279

1,224

1,176

1,176

1,176

1,176

1,176

Capital surplus

3,028

3,100

3,141

3,173

3,241

3,229

3,216

3,203

3,188

Retained earnings

11,923

11,928

13,302

14,556

13,250

12,916

15,817

19,446

20,106

Other comprehensive income

(60)

696

325

174

(96)

156

1,195

314

110

Minority interests

328

482

531

971

1,151

1,132

1,253

1,246

1,224

Equity

16,602

17,523

18,578

20,098

18,722

18,609

22,657

25,385

25,804

 

 

 

 

 

 

 

 

 

 

Provisions for pensions and similar obligations

4,124

1,547

1,452

1,292

1,712

2,255

2,778

3,189

5,460

Other provisions

2,376

2,791

3,080

3,015

2,757

3,289

3,352

3,335

3,024

Deferred taxes

948

699

1,441

2,060

2,167

2,093

2,467

2,628

2,511

Financial indebtedness

1,845

3,682

5,788

6,954

8,290

12,444

11,670

9,019

9,113

Other liabilities

1,079

1,043

972

901

917

898

901

1,142

1,083

Long-term liabilities

10,372

9,762

12,733

14,222

15,843

20,979

21,168

19,313

21,191

 

 

 

 

 

 

 

 

 

 

Accounts payable, trade

2,372

2,777

4,755

3,763

2,734

2,786

4,738

5,121

4,696

Provisions

2,364

2,763

2,848

2,697

3,043

3,276

3,324

3,210

2,687

Tax liabilities

644

887

858

881

860

1,003

1,140

1,038

1,080

Financial indebtedness

1,453

259

3,695

3,148

6,224

2,375

3,369

3,985

4,242

Other liabilities

1,641

1,699

1,824

1,976

3,434

2,240

2,802

3,036

2,395

Liabilities of disposal groups

17

195

87

2,232

Short-term liabilities

8,474

8,385

13,980

12,482

16,295

11,680

15,568

16,477

17,332

 

 

 

 

 

 

 

 

 

 

Total equity and liabilities

35,448

35,670

45,291

46,802

50,860

51,268

59,393

61,175

64,327