16 – Investments Accounted for Using the Equity Method and Other Financial Assets

Investments accounted for using the equity method (Million €)

 


2018

2017

1

This item includes effects from the discontinued oil and gas business in the amount of €99 million in 2018 (2017: €248 million).

As of January 1

 

4,715

4,647

Changes in the scope of consolidation

 

(50)

Additions

 

55

223

Disposals

 

(10)

(82)

Transfers1

 

(2,571)

120

Currency effects

 

14

(143)

Net carrying amount as of December 31

 

2,203

4,715

Other financial assets (Million €)

 


Dec. 31,
2018

Dec. 31,
2017

Other shareholdings

 

453

482

Long-term securities

 

117

124

Other financial assets

 

570

606

Additions included capital increases amounting to €55 million in 2018. In 2017, additions were mainly attributable to the combination of the global leather chemicals business with the Stahl group. In this connection, BASF received a 16.6% share in Stahl Lux 2 S.A., Luxembourg.

In addition to the net income of investments accounted for using the equity method, dividend distributions and other comprehensive income of the companies, transfers included €2,552 million from the reclassification of investments accounted for using the equity method to assets of the disposal group for the oil and gas business. For one investment in the Chemicals segment accounted for using the equity method, the carrying amount was impaired by €7 million in 2018.