13. Noncontrolling Interests
|
2021 |
2020 |
|---|---|---|
Noncontrolling interests in profits |
480 |
90 |
Noncontrolling interests in losses |
–21 |
–105 |
Total |
459 |
–15 |
Noncontrolling interests in profits rose year on year in 2021, especially at BASF PETRONAS Chemicals Sdn. Bhd., Petaling Jaya, Malaysia, and BASF TotalEnergies Petrochemicals LLC, Wilmington, Delaware, resulting mainly from considerably higher sales prices and volumes.
Noncontrolling interests in losses were recognized in 2020, primarily at BASF PETRONAS Chemicals Sdn. Bhd. due to the impairments of assets.
Income and expenses recognized in equity that were attributable to noncontrolling interests totaled €90 million in 2021 and –€49 million in 2020. These effects resulted from currency translation in both years.
|
|
December 31, 2021 |
December 31, 2020 |
||
|---|---|---|---|---|---|
|
|
Equity interest |
Equity interest |
||
Group company |
Partner |
% |
Million € |
% |
Million € |
BASF India Limited, Mumbai, India |
Free float |
26.67 |
71 |
26.67 |
52 |
BASF PETRONAS Chemicals Sdn. Bhd., Petaling Jaya, Malaysia |
PETRONAS Chemicals Group Berhad, Kuala Lumpur, Malaysia |
40.00 |
184 |
40.00 |
81 |
BASF Shanghai Coatings Co., Ltd., Shanghai, China |
Shanghai Huayi Fine Chemical Co., Ltd, Shanghai, China |
40.00 |
96 |
40.00 |
78 |
BASF TODA Battery Materials, LLC, Yamaguchi, Japan |
TODA KOGYO CORP., Hiroshima, Japan |
34.00 |
32 |
34.00 |
29 |
BASF TotalEnergies Petrochemicals LLC, Wilmington, Delaware |
Total Petrochemicals & Refining USA, Inc., Houston, Texas |
40.00 |
265 |
40.00 |
256 |
BASF Shanshan Battery Materials Co., Ltd., Changsha, China |
Ningbo Yongxiang Investment Co., Ltd., Ningbo, China |
49.00 |
342 |
– |
– |
Shanghai BASF Polyurethane Company Ltd., |
Shanghai Hua Yi (Group) Co (SHYG), Schanghai, China, and Sinopec Shanghai Gaoqiao Petrochemical Company Limited, Beijing, China |
30.00 |
146 |
30.00 |
98 |
Other |
|
|
153 |
|
76 |
Total |
|
|
1,289 |
|
670 |