2.1 – Changes in scope of consolidation

audited

In 2016, the scope of consolidation for the Consolidated Financial Statements encompassed 294 companies (2015: 258). Of this number, 46 companies were first-time consolidations (2015: five). Since the beginning of 2016, a total of ten companies (2015: 28) were deconsolidated due to divestiture, merger, liquidation or immateriality.

First-time consolidations in 2016 comprised:

  • 33 companies in connection with the acquisition of Chemetall registered in all regions
  • Two newly established companies with headquarters in the regions Asia-Pacific and North America
  • 11 companies headquartered in all regions which had not been consolidated at the time of the first inclusion in the Consolidated Financial Statements. Thereof eight were newly established in 2016.

First-time consolidations in 2015 comprised:

  • one newly acquired company headquartered in Japan
  • four companies which had previously not been consolidated, headquartered in Germany, China, India and Pakistan

While BASF does not hold majority shares in ZAO Gazprom YRGM Trading, BASF is entitled to the earnings of the company due to profit distribution arrangements, so that the company is fully consolidated in the Group Consolidated Financial Statements.

A list of companies included in the Consolidated Financial Statements and a list of all companies in which BASF SE has a shareholding as required by Section 313(2) of the German Commercial Code is provided in the List of Shares Held.

For more information, see Note 3
For more information, see basf.com/en/governance

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Scope of consolidation

 

 

Europe

Thereof Germany

North America

Asia Pacific

South America, Africa, Middle East

2016

2015

As of January 1

 

141

55

37

57

23

258

281

Thereof proportionally consolidated

 

6

–

–

1

–

7

7

First-time consolidations

 

21

4

5

16

4

46

5

Thereof proportionally consolidated

 

–

–

–

1

–

1

–

Deconsolidations

 

8

2

–

2

–

10

28

Thereof proportionally consolidated

 

–

–

–

–

–

–

–

As of December 31

 

154

57

42

71

27

294

258

Thereof proportionally consolidated

 

6

–

–

2

–

8

7

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Overview of impact of changes to the scope of consolidation (excluding acquisitions and divestitures)1

 

 

2016

2015

 

 

Million €

%

Million €

%

1

The amounts from the deconsolidation of Wintershall Noordzee B.V. in connection with the asset swap with Gazprom are not shown in this table, but included in the table of assets and liabilities transferred as a result of the asset swap with Gazprom in Note 2.4.

Sales

 

.

0.0

48

0.1

 

 

 

 

 

 

Noncurrent assets

 

5

0.0

29

0.1

Thereof property, plant and equipment

 

1

0.0

15

0.1

Current assets

 

(3)

0.0

41

0.2

Thereof cash and cash equivalents

 

1

0.1

4

0.2

Assets

 

2

0.0

70

0.1

 

 

 

 

 

 

Equity

 

(2)

0.0

(7)

0.0

Noncurrent liabilities

 

.

0.0

(3)

0.0

Thereof financial indebtedness

 

–

–

–

–

Current liabilities

 

4

0.0

80

0.6

Thereof financial indebtedness

 

2

0.1

9

0.2

Total equity and liabilities

 

2

0.0

70

0.1

Other financial obligations

 

–

–

41

0.1