Statement of Cash Flows

Mainly relates to the merger of the oil and gas businesses of Wintershall and DEA in the second quarter of 2019. The effects of the deconsolidation of the Wintershall companies and the simultaneous inclusion of the equity-accounted interest in Wintershall Dea GmbH offset each other. The only effect on cash was the derecognition of cash and cash equivalents in the amount of €800 million, as well as the repayment of BASF SE’s open finance-related receivables by the Wintershall Dea group and capital decreases at Wintershall Dea GmbH in the total amount of €3.1 billion. In connection with the transfer of the paper and water chemicals business to the Solenis group in the first quarter of 2019, the majority of the purchase price was settled with the acquisition of the interest in Solenis UK International Limited (€590 million). The rest of the purchase price (€181 million) was recognized in cash.

In the first quarter of 2019, BASF SE transferred securities in the amount of €300 million to BASF Pensionstreuhand e.V., Ludwigshafen am Rhein, Germany. This transfer was not cash effective and therefore had no effect on the statement of cash flows.

At the beginning of 2019, the balances of cash and cash equivalents presented in the statement of cash flows deviated from the figures in the balance sheet, as cash and cash equivalents of the oil and gas business in the balance sheet (€219 million) were reclassified to the disposal group. The figures as of September 30, 2019, deviate due to the reclassification of cash and cash equivalents in the amount of €8 million to the disposal group for the pigments business.