12 – Noncontrolling Interests

Noncontrolling interests (Million €)

 

 

 

 


2018

2017

Noncontrolling interests in profits

 

292

299

Noncontrolling interests in losses

 

(20)

(25)

Total

 

272

274

The year-on-year decrease in noncontrolling interests in profits in 2018 was mainly due to lower TDI and MDI sales prices and margins at Shanghai BASF Polyurethane Company Ltd., Shanghai, China.

Following a negative earnings contribution in 2017, noncontrolling interests in profits were recorded for BASF TODA Battery Materials, LLC, Tokyo, Japan in 2018 after expansion of its production capacities. The company therefore contributed significantly to the decrease in noncontrolling interests in losses.