12 – Minority interests
Million € |
|
2015 |
2014 |
|---|---|---|---|
Minority interests in profits |
|
343 |
374 |
Minority interests in losses |
|
(29) |
(37) |
Total |
|
314 |
337 |
Lower minority interests in profits arose in 2015 mainly at BASF Total Petrochemicals LLC, Port Arthur, Texas, due to reduced prices. Higher minority interests in profits compared with the previous year were mainly reported at WINGAS GmbH, Kassel, Germany, as a result of greater sales volumes and more favorable procurement conditions in the natural gas trading business.
Minority interests in losses in 2015 arose particularly at Shanghai BASF Polyurethane Company Ltd., Shanghai, China, due to margin pressure from declining sales prices. In the previous year, companies active in natural gas trading were the main contributors to minority interests in losses.