2.1 – Changes in scope of consolidation

In 2017, the scope of consolidation for the Consolidated Financial Statements encompassed 294 companies (2016: 294). Of this number, 10 companies were first-time consolidations (2016: 46). Since the beginning of 2017, a total of 10 companies (2016: 10) were deconsolidated due to divestiture, merger, liquidation or immateriality.

First-time consolidations in 2017 comprised:

  • Five acquired companies with headquarters in the regions Europe and North America
  • One newly established company with headquarters in Asia Pacific
  • One newly established company with headquarters in the South America, Africa, Middle East region
  • Three companies headquartered in Europe that had not been consolidated at the time of the first inclusion in the Consolidated Financial Statements.

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.

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

2017

2016

As of January 1

 

154

57

42

71

27

294

258

Thereof proportionally consolidated

 

6

–

–

2

–

8

7

First-time consolidations

 

5

2

3

1

1

10

46

Thereof proportionally consolidated

 

–

–

–

–

–

–

1

Deconsolidations

 

6

3

2

1

1

10

10

Thereof proportionally consolidated

 

–

–

–

–

–

–

–

As of December 31

 

153

56

43

71

27

294

294

Thereof proportionally consolidated

 

6

–

–

2

–

8

8

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

 

 

2017

2016

 

 

Million €

%

Million €

%

Sales

 

2

0.0

.

0.0

 

 

 

 

 

 

Noncurrent assets

 

(7)

0.0

5

0.0

Thereof property, plant and equipment

 

1

0.0

1

0.0

Current assets

 

1

0.0

(3)

0.0

Thereof cash and cash equivalents

 

(1)

0.0

1

0.1

Assets

 

(6)

0.0

2

0.0

 

 

 

 

 

 

Equity

 

3

0.0

(2)

0.0

Noncurrent liabilities

 

8

0.0

.

0.0

Thereof financial indebtedness

 

–

–

–

–

Current liabilities

 

(17)

0.1

4

0.0

Thereof financial indebtedness

 

–

–

2

0.1

Total equity and liabilities

 

(6)

0.0

2

0.0

Other financial obligations

 

–

–

–

–