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 the year, BASF Services Americas S.R.L., based in Montevideo, Uruguay, and the joint operation KOLON BASF innoPOM Inc., based in Gimcheon, South Korea, were included in the scope of consolidation for the first time.

Scope of consolidation

 

 

2016

2015

As of January 1

 

258

281

Thereof proportionally consolidated

 

7

7

First-time consolidations

 

2

5

Thereof proportionally consolidated

 

1

Deconsolidations

 

6

Thereof proportionally consolidated

 

As of March 31

 

260

280

Thereof proportionally consolidated

 

8

7

Companies accounted for using the equity method

 

 

2016

2015

As of January 1

 

32

34

As of March 31

 

32

35