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 2018, four companies were included for the first time due to their increased significance. The deconsolidations resulted from one liquidation and one merger.

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Scope of consolidation

 

 

2018

2017

As of January 1

 

294

294

of which proportionally consolidated

 

8

8

First-time consolidations

 

4

5

of which proportionally consolidated

 

−

−

Deconsolidations

 

2

3

of which proportionally consolidated

 

−

−

As of June 30

 

296

296

of which proportionally consolidated

 

8

8

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Companies accounted for using the equity method

 

 

2018

2017

As of January 1

 

35

34

As of June 30

 

35

34