Operating Income from Oil and Gas-Producing Activities

Operating income represents only those revenues and expenses directly associated with oil, condensate and gas production. This partly results in significant differences to the figures shown for the discontinued oil and gas business. Significant deviations exist in sales revenues that do not include sales from merchandise and services as well as the financing and corporate overhead costs not included there. The depreciation and amortization that was suspended in BASF’s Consolidated Financial Statements from the date of classification as a discontinued operation is also taken into account. Income taxes were computed using currently applicable local income tax rates.