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.