12 – Minority interests

Million €

 

2014

2013

Minority interests in profits

 

374

323

Minority interests in losses

 

(37)

(2)

Total

 

337

321

Higher minority interests in profits primarily arose from BASF TOTAL Petrochemicals LLC, Port Arthur, Texas, as a result of the startup of the tenth furnace at its steam cracker facility in Port Arthur, Texas, in March 2014, as well as a higher capacity utilization rate for the condensation splitter.

Following positive contributions to income in the previous year, there were minority interests in losses at BASF India Limited, Mumbai, India, in 2014 mostly due to the costs incurred in relation to the construction of the Dahej site in India that could not be capitalized. The write down on intangible assets due to impairment testing at BASF HOCK Mining Chemical (China) Co. Ltd., Ji’ning, Shandong, China, also led to minority interests in losses.