13. Noncontrolling Interests
|
2023 |
2022 |
|---|---|---|
Noncontrolling interests in profits |
186 |
250 |
Noncontrolling interests in losses |
–32 |
–14 |
Total |
154 |
236 |
In 2023, noncontrolling interests in profits were lower and noncontrolling interests in losses were higher compared with the previous year, primarily at the BASF Shanshan companies in China due to the higher cost of raw materials.
Income and expenses recognized in equity that were attributable to noncontrolling interests totaled -€74 million in 2023 and €6 million in 2022. These effects mainly resulted from currency translation in both years.
|
|
December 31, 2023 |
December 31, 2022 |
||
|---|---|---|---|---|---|
|
|
Equity interest |
Equity interest |
||
Group company |
Partner |
% |
Million € |
% |
Million € |
BASF India Limited, |
Free float |
26.67 |
90 |
26.67 |
81 |
BASF PETRONAS Chemicals Sdn. Bhd., |
PETRONAS Chemicals Group Berhad, |
40.00 |
226 |
40.00 |
215 |
BASF Shanghai Coatings Co., Ltd., |
Shanghai Huayi Fine Chemical Co., Ltd, |
40.00 |
111 |
40.00 |
103 |
BASF TODA Battery Materials, LLC, |
TODA KOGYO CORP., |
34.00 |
38 |
34.00 |
38 |
BASF TotalEnergies Petrochemicals LLC, |
TotalEnergies Petrochemicals & Refining USA, Inc., |
40.00 |
268 |
40.00 |
242 |
BASF Shanshan Battery Materials Co., Ltd., |
Ningbo Yongxiang Investment Co., Ltd., |
49.00 |
288 |
49.00 |
325 |
Shanghai BASF Polyurethane Company Ltd., |
Shanghai Hua Yi (Group) Co (SHYG), |
30.00 |
148 |
30.00 |
132 |
Other |
|
|
199 |
|
214 |
Total |
|
|
1,368 |
|
1,350 |