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 2020, 21 companies have been included in the scope of consolidation for the first time: 11 due to their increased materiality, one newly established company and nine acquired companies. The deconsolidations resulted from one liquidation, one merger and two companies that were no longer included in the scope of consolidation due to reduced materiality.

Scope of consolidation

 

2020

2019

As of January 1

302

331

of which proportionally consolidated

7

8

First-time consolidations

21

4

of which proportionally consolidated

2

Deconsolidations

4

21

of which proportionally consolidated

1

As of June 30

319

314

of which proportionally consolidated

9

7

Companies accounted for using the equity method

 

2020

2019

As of January 1

25

35

As of June 30

25

26