16 – Investments accounted for using the equity method and other financial assets

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

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.