2.1 – Changes in Scope of Consolidation

As of December 31, 2020, a total of 282 companies were included, either proportionally or fully, in the scope of consolidation of the Consolidated Financial Statements (December 31, 2019: 302). Of these, 43 companies were first-time consolidations (2019: seven). Since the beginning of 2020, a total of 63 companies (2019: 36) were deconsolidated due to divestiture, merger, liquidation or immateriality.

First-time consolidations in 2020 comprised:

  • Four acquired companies with headquarters in Europe (one of those in Germany), one in North America, one in South America, Africa, Middle East, and three in Asia Pacific
  • One newly established company with headquarters in Europe, two newly established companies in Asia Pacific, and one newly established company with headquarters in South America, Africa, Middle East
  • Eleven companies that had not been consolidated at the time of initial inclusion in the Consolidated Financial Statements in Europe, six in North America, 11 in Asia Pacific and two in South America, Africa, Middle East

First-time consolidations in 2019 comprised:

  • One acquired company with headquarters in Europe
  • One newly established company with headquarters in Asia Pacific
  • Five companies that had not been consolidated at the time of initial inclusion in the Consolidated Financial Statements with headquarters in Europe (three, two of those in Germany) and in Asia Pacific (two)

Twelve companies were added to the scope of consolidation in 2020 as part of the acquisition of Solvay’s polyamide business.

Fifty-four companies were deconsolidated as a result of the divestiture of construction chemicals activities in 2020.

A list of the companies included in the Consolidated Financial Statements and of all companies in which BASF SE has a shareholding as required by section 313(2) of the German Commercial Code (HGB) is provided in the list of shares held.

For more information, see Note 4
For more information, see basf.com/en/corporategovernance

(XLSX:) XLS

Scope of consolidation

 

Europe

Of which Germany

North America

Asia Pacific

South America, Africa, Middle East

2020

2019

As of January 1

152

50

46

74

30

302

331
of which proportionally consolidated

5

–

–

2

–

7

8

First-time consolidations

16

1

7

16

4

43

7
of which proportionally consolidated

2

–

–

–

–

2

–

Deconsolidations

25

6

14

14

10

63

36
of which proportionally consolidated

–

–

–

–

–

–

1

As of December 31

143

45

39

76

24

282

302
of which proportionally consolidated

7

–

–

2

–

9

7

(XLSX:) XLS

Overview of impact of changes to the scope of consolidation (excluding acquisitions and divestitures)

 

2020

2019

 

Million €

%

Million €

%

Sales

–3

0.0

11

0.0

 

 

 

 

 

Noncurrent assets

12

0.0

44

0.1

of which property, plant and equipment

39

0.2

13

0.1

Current assets

–23

0.1

–1

0.0

of which cash and cash equivalents

7

0.2

21

0.9

Assets

–11

0.0

43

0.0

 

 

 

 

 

Equity

–5

0.0

20

0.0

Noncurrent liabilities

1

0.0

–1

0.0

of which financial indebtedness

–

–

–

–

Current liabilities

–7

0.0

24

0.1

of which financial indebtedness

1

0.0

–

–

Total equity and liabilities

–11

0.0

43

0.0

Other financial obligations

–

–

–

–