2. Scope of Consolidation
As of December 31, 2021, a total of 267 companies were included, either proportionally or fully, in the scope of consolidation of the Consolidated Financial Statements (December 31, 2020: 282). Of these, nine companies were first-time consolidations (2020: 43). Since the beginning of 2021, a total of 24 companies (2020: 63) were deconsolidated due to divestiture, merger, liquidation or immateriality.
First-time consolidations in 2021 comprised:
- Four acquired companies with headquarters in Europe and three in Asia Pacific
- Two newly established companies with headquarters in Europe (one of those in Germany)
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
Three of the nine first-time consolidations in 2021 were companies added as part of the formation of BASF Shanshan Battery Materials Co., Ltd. Five companies were added to the scope of consolidation as acquired or newly formed companies as part of the purchase of 49.5% of the Hollandse Kust Zuid offshore wind park from Vattenfall.
Eleven companies were deconsolidated as a result of the divestiture of the global pigments business in 2021. Additionally, seven companies merged with BASF companies due to the integration of the polyamide business (PA 6.6) which had been acquired in 2020.
|
Europe |
Of which Germany |
North America |
Asia Pacific |
South America, Africa, Middle East |
2021 |
2020 |
|---|---|---|---|---|---|---|---|
As of January 1 |
143 |
45 |
39 |
76 |
24 |
282 |
302 |
of which proportionally consolidated |
7 |
– |
– |
2 |
– |
9 |
7 |
First-time consolidations |
6 |
1 |
– |
3 |
– |
9 |
43 |
of which proportionally consolidated |
– |
– |
– |
– |
– |
– |
2 |
Deconsolidations |
9 |
3 |
4 |
8 |
3 |
24 |
63 |
of which proportionally consolidated |
– |
– |
– |
– |
– |
– |
– |
As of December 31 |
140 |
43 |
35 |
71 |
21 |
267 |
282 |
of which proportionally consolidated |
7 |
– |
– |
2 |
– |
9 |
9 |
|
2021 |
2020 |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Million € |
%a |
Million € |
%a |
||||||||
Sales |
–1 |
0.0 |
–3 |
0.0 |
||||||||
|
|
|
|
|
||||||||
Noncurrent assets |
21 |
0.0 |
12 |
0.0 |
||||||||
of which property, plant and equipment |
–1 |
0.0 |
39 |
0.2 |
||||||||
Current assets |
–28 |
0.0 |
–23 |
0.1 |
||||||||
of which cash and cash equivalents |
–8 |
0.3 |
7 |
0.2 |
||||||||
Assets |
–7 |
0.0 |
–11 |
0.0 |
||||||||
|
|
|
|
|
||||||||
Equity |
1 |
0.0 |
–5 |
0.0 |
||||||||
Noncurrent liabilities |
0 |
0.0 |
1 |
0.0 |
||||||||
of which financial indebtedness |
– |
– |
– |
– |
||||||||
Current liabilities |
–8 |
0.0 |
–7 |
0.0 |
||||||||
of which financial indebtedness |
– |
– |
1 |
0.0 |
||||||||
Total equity and liabilities |
–7 |
0.0 |
–11 |
0.0 |
||||||||
Other financial obligations |
– |
– |
– |
– |
||||||||
|
||||||||||||
The proportionally consolidated joint operations include, in particular:
- Ellba C.V., Rotterdam, Netherlands, which is jointly operated with Shell for the production of propylene oxide and styrene monomer
- BASF DOW HPPO Production BVBA, Antwerp, Belgium, which is jointly operated with Dow for the production of propylene oxide
- Butachimie SNC, Chalampé, France, which is jointly operated with Invista for the production of adiponitrile (ADN) and hexamethylenediamine (HMD)
- Alsachimie S.A.S., Chalampé, France, which is jointly operated with Domo Chemicals for the production of adipic acid
In addition to the fully and proportionally consolidated companies, 27 joint ventures and/or associated companies (2020: 25) were consolidated using the equity method.
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.