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 2019, four companies have been included in the scope of consolidation for the first time: three due to their increased significance and one newly established company. The deconsolidations resulted from one liquidation, two mergers and 18 companies that were no longer included in the scope of consolidation following the merger of Wintershall and DEA.

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Scope of consolidation

 

 

2019

2018

As of January 1

 

331

294

of which proportionally consolidated

 

8

8

First-time consolidations

 

4

4

of which proportionally consolidated

 

−

−

Deconsolidations

 

21

2

of which proportionally consolidated

 

1

−

As of June 30

 

314

296

of which proportionally consolidated

 

7

8

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Companies accounted for using the equity method

 

 

2019

2018

As of January 1

 

35

35

As of June 30

 

26

35