17 – Related Party Transactions The BASF Group maintains relationships with several related parties that can exert influence on the BASF Group or over which the BASF Group exercises control or joint control, or a significant influence. Sales and trade accounts receivable from and trade accounts payable to related parties mainly included business with own products, merchandise, agency and licensing businesses, and other operating businesses. Other receivables and liabilities primarily arose from financing activities, from accounts used for cash pooling, outstanding dividend payments, profit and loss transfer agreements, and other finance-related and operating activities and transactions. The rise both in services received from and in trade accounts payable to joint ventures was attributable to increased volumes and prices. The balance of valuation allowances on other receivables from nonconsolidated subsidiaries declined from €105 million as of December 31, 2020, to €99 million as of June 30, 2021. The decline in other liabilities to associated companies resulted primarily from other finance-related liabilities and contract liabilities. The following tables show the volume of business with related parties that are included in the Consolidated Financial Statements at amortized cost or accounted for using the equity method. The values include sales, receivables, other receivables, liabilities and other liabilities with respect to the disposal groups and/or discontinued operations. There were no reportable related-party transactions with members of the Board of Executive Directors or the Supervisory Board and their related parties during the reporting period. (XLSX:) XLS Sales to related parties (Million €) Services rendered Services received 2021 2020 2021 2020 Nonconsolidated subsidiaries 476 367 141 105 Joint ventures 729 435 961 418 Associated companies 252 239 332 300 (XLSX:) XLS Trade accounts receivable from / trade accounts payable to related parties (Million €) Accounts receivable, trade June 30, 2021 Dec. 31, 2020 June 30, 2020 Nonconsolidated subsidiaries 268 213 231 Joint ventures 175 149 78 Associated companies 81 64 78 Accounts payable, trade June 30, 2021 Dec. 31, 2020 June 30, 2020 Nonconsolidated subsidiaries 97 98 77 Joint ventures 216 136 62 Associated companies 41 43 27 (XLSX:) XLS Other receivables from / liabilities to related parties (Million €) Other receivables June 30, 2021 Dec. 31, 2020 June 30, 2020 Nonconsolidated subsidiaries 192 192 196 Joint ventures 30 47 68 Associated companies 75 55 57 Other liabilities June 30, 2021 Dec. 31, 2020 June 30, 2020 Nonconsolidated subsidiaries 162 198 152 Joint ventures 91 62 48 Associated companies 171 240 304 back next