16 – Investments accounted for using the equity method and other financial assets (XLS:) Download Investments accounted for using the equity method (million €) 2017 2016 Balance as of January 1 4,647 4,436 Changes in scope of consolidation (50) – Additions 223 152 Disposals (82) (1) Transfers 120 (27) Currency effects (143) 87 Net carrying amount as of December 31 4,715 4,647 (XLS:) Download Other financial assets (million €) December 31,2017 December 31,2016 Other shareholdings 482 468 Long-term securities 124 137 Other financial assets 606 605 Changes in the scope of consolidation arose particularly from the first-time consolidation of a company. Additions arose from the completed combination of the global leather chemicals business with the Stahl group on September 29, 2017. In connection with this, BASF received a 16.6% share in Stahl Lux 2 S.A., Luxembourg. Additions also included capital increases amounting to €34 million. A significant component of the disposals totaling €82 million was the capital reduction at W & G Infrastruktur Finanzierungs-GmbH, Kassel, Germany. Besides the net income of investments accounted for using the equity method, transfers include dividend distributions and other comprehensive income of the companies. For a detailed overview of income from companies accounted for using the equity method, see Note 9 back next
