12 – Minority interests
Million € |
|
2016 |
2015 |
|---|---|---|---|
Minority interests in profits |
|
229 |
343 |
Minority interests in losses |
|
(30) |
(29) |
Total |
|
199 |
314 |
In 2016, lower minority interests in profits in comparison with the previous year were mainly the result of the disposal of shares in companies active in the gas storage business in connection with the asset swap completed with Gazprom on September 30, 2015. Also responsible were decreased margins and lower sales volumes from the reduced capacity utilization of BASF TOTAL Petrochemicals LLC’s condensate splitter in Port Arthur, Texas.
Higher minority interests in profits compared with the previous year were predominantly attributable to W & G Transport Holding GmbH, Kassel, Germany, and Shanghai BASF Polyurethane Company Ltd., Shanghai, China.