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 2021, eleven companies have been deconsolidated due to the sale of the pigments business and eight companies due to mergers.

(XLSX:) XLS

Scope of consolidation

 

2021

2020

As of January 1

282

302

of which proportionally consolidated

9

7

First-time consolidations

–

21

of which proportionally consolidated

–

2

Deconsolidations

19

4

of which proportionally consolidated

–

–

As of June 30

263

319

of which proportionally consolidated

9

9

(XLSX:) XLS

Companies accounted for using the equity method

 

2021

2020

As of January 1

25

25

As of June 30

26

25