9 – Income from Companies Accounted for Using the Equity Method (XLS:) XLS Income from companies accounted for using the equity method (Million €) 2019 2018 Proportional income after taxes 433 279 of which joint ventures 412 250 associated companies 21 29 Other adjustments to income and expenses (317) (10) of which joint ventures (314) (9) associated companies (3) (1) Income from companies accounted for using the equity method 116 269 Income from companies accounted for using the equity method decreased by a total of €153 million in 2019 primarily due to lower earnings at BASF-YPC Company Ltd., Nanjing, China. Wintershall Dea GmbH, Kassel/Hamburg, Germany, which was recognized as a joint venture for the first time, accounted for a loss in earnings due in part to additional impairments from the purchase price allocation. Moreover, adjustments were made for Wintershall Dea GmbH’s earnings contributions, which had already been recognized at BASF Group level as part of initial measurement of the shareholding at fair value. back next