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.

The scope of consolidation has decreased by 19 companies since the beginning of 2015. Nine of these were divested, and 15 further companies were deconsolidated on account of mergers with other BASF companies, liquidations, or 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.

The number of companies accounted for using the equity method was reduced by two in 2015. The change was the result of six shareholding disposals. Countering this development were two acquisitions and two reclassifications.