13 – Noncontrolling Interests

Noncontrolling interests in profits and losses (Million €)

 

2020

2019

Noncontrolling interests in profits

90

98

Noncontrolling interests in losses

–105

–28

Total

–15

70

Noncontrolling interests in losses rose year on year in 2020, due chiefly to impairments of assets in BASF PETRONAS Chemicals Sdn. Bhd., Shah Alam, Malaysia.

Income and expenses recognized in equity that were attributable to noncontrolling interests totaled –€49 million in 2020 and €15 million in 2019. These effects resulted from currency translation in both years.

Noncontrolling interests

 

 

December 31, 2020

December 31, 2019

 

 

Equity interest

Equity interest

Group company

Partner

%

Million €

%

Million €

BASF India Limited, Mumbai, India

Free float

26.67

52

26.67

42

BASF PETRONAS Chemicals Sdn. Bhd.,
Shah Alam, Malaysia

PETRONAS Chemicals Group Berhad, Kuala Lumpur, Malaysia

40.00

81

40.00

172

BASF TOTAL Petrochemicals LLC,
Port Arthur, Texas

Total Petrochemicals & Refining USA, Inc.,
Houston, Texas

40.00

256

40.00

335

Shanghai BASF Polyurethane Company Ltd.,
Shanghai, China

Shanghai Hua Yi (Group) Company, Shanghai, China, and SINOPEC Assets Management Corporation,
Bejing, China

30.00

98

30.00

99

BASF TODA Battery Materials, LLC,
Tokyo, Japan

TODA KOGYO CORP.,
Hiroshima, Japan

34.00

29

34.00

37

BASF Shanghai Coatings Co. Ltd.,
Shanghai, China

Shanghai Huayi Fine Chemical Co., Ltd,
Shanghai, China

40.00

78

40.00

65

Other

 

 

76

 

103

Total

 

 

670

 

853