13. Noncontrolling Interests
|
2022 |
2021 |
|---|---|---|
Noncontrolling interests in profits |
250 |
480 |
Noncontrolling interests in losses |
–14 |
–21 |
Total |
236 |
459 |
Noncontrolling interests in profits declined year on year in 2022, especially at BASF TotalEnergies Petrochemicals LLC, Houston, Texas, and BASF PETRONAS Chemicals Sdn. Bhd., Kuala Lumpur, Malaysia, resulting mainly from lower sales prices and higher raw materials prices.
Income and expenses recognized in equity that were attributable to noncontrolling interests totaled €6 million in 2022 and €90 million in 2021. These effects resulted from currency translation in both years.
|
|
December 31, 2022 |
December 31, 2021 |
||
|---|---|---|---|---|---|
|
|
Equity interest |
Equity interest |
||
Group company |
Partner |
% |
Million € |
% |
Million € |
BASF India Limited, Mumbai, India |
Free float |
26.67 |
81 |
26.67 |
71 |
BASF PETRONAS Chemicals Sdn. Bhd., Kuala Lumpur, Malaysia |
PETRONAS Chemicals Group Berhad, Kuala Lumpur, Malaysia |
40.00 |
215 |
40.00 |
184 |
BASF Shanghai Coatings Co., Ltd., |
Shanghai Huayi Fine Chemical Co., Ltd, Shanghai, China |
40.00 |
103 |
40.00 |
96 |
BASF TODA Battery Materials, LLC, Yamaguchi, Japan |
TODA KOGYO CORP., |
34.00 |
38 |
34.00 |
32 |
BASF TotalEnergies Petrochemicals LLC, Houston, Texas |
TotalEnergies Petrochemicals & Refining USA, Inc., |
40.00 |
242 |
40.00 |
265 |
BASF Shanshan Battery Materials Co., Ltd., Changsha, China |
Ningbo Yongxiang Investment Co., Ltd., |
49.00 |
325 |
49.00 |
342 |
Shanghai BASF Polyurethane Company Ltd., |
Shanghai Hua Yi (Group) Co (SHYG), |
30.00 |
132 |
30.00 |
146 |
Other |
|
|
214 |
|
153 |
Total |
|
|
1,350 |
|
1,289 |