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 2017, three acquired companies were included for the first time. The scope of consolidation was additionally expanded by one newly established company and by one previously nonconsolidated company that gained materiality. Deconsolidations resulted from two liquidations and one merger.
|
|
2017 |
2016 |
|---|---|---|---|
As of January 1 |
|
294 |
258 |
Thereof proportionally consolidated |
|
8 |
7 |
First-time consolidations |
|
5 |
6 |
Thereof proportionally consolidated |
|
− |
1 |
Deconsolidations |
|
3 |
1 |
Thereof proportionally consolidated |
|
− |
− |
As of June 30 |
|
296 |
263 |
Thereof proportionally consolidated |
|
8 |
8 |
|
|
2017 |
2016 |
|---|---|---|---|
As of January 1 |
|
34 |
32 |
As of June 30 |
|
34 |
31 |