Other

Sales in Other amounted to €4,368 million, €703 million above the prior-year figure. The increase was mainly due to sales growth in commodity trading.

EBIT before special items improved by €12 million year on year to –€749 million. This was primarily attributable to higher income from long-term incentive programs, among other factors. Income also arose from hedging transactions.

EBIT improved by €236 million to –€523 million. This included special income from the partial divestiture of the interest in the Hollandse Kust Zuid wind farm in April 2022.

Financial data – Other^a (Million €)

2022

2021

+/–

Sales

4,368

3,666

19.2%

Income from operations before depreciation, amortization and special items^b

–594

–607

2.2%

Income from operations before depreciation and amortization (EBITDA)^b

–368

–602

38.9%

Depreciation and amortization^c

155

157

–1.4%

Income from operations (EBIT)^b

–523

–759

31.1%

Special items

226

EBIT before special items^b

–749

–761

1.6%

of which costs for cross-divisional corporate research

–325

–355

8.5%

costs of corporate headquarters

–258

–255

–1.2%

other businesses

–43

foreign currency results, hedging and other measurement effects

–62

miscellaneous income and expenses

–156

–151

–3.3%

Assets^{b, d}

16,803

23,007

–27.0%

Investments including acquisitions^e

268

183

46.8%

Research and development expenses

381

378

0.7%

a	Information on the composition of Other can be found in Note 5 to the Consolidated Financial Statements.
b	BASF’s ethylene value chain was reorganized internally as of January 1, 2022. In this connection, the polyolefins and styrenics businesses of the joint venture BASF-YPC Company Ltd., Nanjing, China, which were previously reported under Other, were allocated to the Petrochemicals division. The prior-year figures have been adjusted. This reduced income from integral companies accounted for using the equity method, EBITDA before special items, EBITDA, EBIT and EBIT before special items in Other by €118 million in 2021 and increased these indicators in the Petrochemicals division accordingly (rounding differences are possible). The operating assets were also reallocated as part of the reorganization and increased the Chemicals segment’s assets by €114 million as of December 31, 2021.
c	Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)
d	Includes assets of businesses recognized under Other and reconciliation to assets of the BASF Group
e	Additions to property, plant and equipment and intangible assets

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