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, ten 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 – BASF TODA Battery Materials, LLC, based in Tokyo, Japan – 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

3

Thereof proportionally consolidated

 

Deconsolidations

 

10

7

Thereof proportionally consolidated

 

As of June 30

 

276

305

Thereof proportionally consolidated

 

7

8

Companies accounted for using the equity method

 

 

2015

2014

As of January 1

 

34

34

As of June 30

 

35

33