2 – Scope of consolidation
In addition to BASF SE, all material subsidiaries are included in the BASF Group Financial Statements on a fully consolidated basis. Joint arrangements that are classified as joint operations according to IFRS 11 are proportionally consolidated. Changes in the number of fully and proportionally consolidated companies are shown in the table.
Since the beginning of 2015, six companies have been deconsolidated due to mergers with other BASF companies or because of reduced materiality. Four companies were included in the scope of consolidation for the first time due to increased significance, and one company was acquired.
In February 2015, Yara Freeport LLC, based in Wilmington, Delaware, was included for the first time using the equity method.
Scope of consolidation |
|||
|---|---|---|---|
|
|
2015 |
2014 |
As of January 1 |
|
281 |
309 |
Thereof proportionally consolidated |
|
7 |
8 |
First-time consolidations |
|
5 |
1 |
Thereof proportionally consolidated |
|
− |
− |
Deconsolidations |
|
6 |
5 |
Thereof proportionally consolidated |
|
− |
− |
As of March 31 |
|
280 |
305 |
Thereof proportionally consolidated |
|
7 |
8 |
Companies consolidated using the equity method |
|||
|---|---|---|---|
|
|
2015 |
2014 |
As of January 1 |
|
34 |
34 |
As of March 31 |
|
35 |
33 |