6 – Income from Companies Accounted For Using the Equity Method

Income from investments accounted for using the equity method decreased from €94 million in the first half of 2019 to minus €907 million in the first half of 2020. Of the €1,001 million decline in income, €902 million related to non-integral and €99 million to integral investments accounted for using the equity method. The decline in income from non-integral investments accounted for using the equity method was mainly attributable to an impairment of the shareholding in Wintershall Dea GmbH, Kassel/Hamburg, Germany, in the amount of €819 million due to lower oil and gas price forecasts and changed reserve estimates. Of the decrease in income from integral investments accounted for using the equity method, €90 million related to the shareholding in BASF-YPC Company Ltd., Nanjing, China, primarily due to the scheduled turnarounds of the production plants.