2.1 – Changes in Scope of Consolidation

In 2018, a total of 331 companies were included, either partly or wholly, in the scope of consolidation for the Consolidated Financial Statements (2017: 294). Of these, 42 companies were first-time consolidations (2017: 10). Since the beginning of 2018, a total of five companies (2017: 10) were deconsolidated due to divestiture, merger, liquidation or immateriality.

First-time consolidations in 2018 comprised:

  • 22 acquired companies with headquarters in Europe (11; one of those is in Germany), North America (two), South America, Africa, Middle East (six) and Asia Pacific (three)
  • three newly established companies with headquarters in Europe (two; none of which in Germany) and Asia Pacific (one)
  • 17 companies that had not been consolidated at the time of initial inclusion in the Consolidated Financial Statements in Europe (five; two of those in Germany), North America (eight), South America, Africa, Middle East (two) and Asia Pacific (two)

Of the 42 companies that were consolidated in the Consolidated Financial Statements for the first time in 2018, 35 companies were included for the first time due to the addition of significant parts of Bayer’s seed and non-selective herbicide business (13) and its vegetable seed business (22) as acquired, new or initially consolidated entities.

First-time consolidations in 2017 comprised:

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

Although BASF does not hold majority shares in ZAO Gazprom YRGM Trading, whose assets and liabilities are part of the disposal group, BASF is entitled to the earnings of the company due to profit distribution arrangements. As a result, the company is fully consolidated in the Group Consolidated Financial Statements.

A list of the 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 (HGB) is provided in the list of shares held.

For more information, see Note 3
For more information, see basf.com/en/corporategovernance

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Scope of consolidation

 

 

Europe

of which Germany

North America

Asia Pacific

South America, Africa, Middle East

2018

2017

As of January 1

 

153

56

43

71

27

294

294

of which proportionally consolidated

 

6

–

–

2

–

8

8

First-time consolidations

 

18

3

10

6

8

42

10

of which proportionally consolidated

 

–

–

–

–

–

–

–

Deconsolidations

 

1

–

1

2

1

5

10

of which proportionally consolidated

 

–

–

–

–

–

–

–

As of December 31

 

170

59

52

75

34

331

294

of which proportionally consolidated

 

6

–

–

2

–

8

8

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

 

 

2018

2017

 

 

Million €

%

Million €

%

Sales

 

2

0.0

2

0.0

 

 

 

 

 

 

Noncurrent assets

 

2

0.0

(7)

0.0

of which property, plant and equipment

 

79

0.4

1

0.0

Current assets

 

(8)

0.0

1

0.0

of which cash and cash equivalents

 

–

–

(1)

0.0

Assets

 

(6)

0.0

(6)

0.0

 

 

 

 

 

 

Equity

 

(1)

0.0

3

0.0

Noncurrent liabilities

 

1

0.0

8

0.0

of which financial indebtedness

 

–

–

–

–

Current liabilities

 

(6)

0.0

(17)

0.1

of which financial indebtedness

 

–

–

–

–

Total equity and liabilities

 

(6)

0.0

(6)

0.0

Other financial obligations

 

–

–

–

–