24. Other Financial Obligations
The figures listed below are stated at nominal value:
|
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
Bills of exchange |
1 |
5 |
Guarantees |
30 |
41 |
Warranties |
30 |
33 |
Collateral granted on behalf of third-party liabilities |
– |
1 |
Initiated investment projects |
11,064 |
13,982 |
of which purchase commitments |
4,474 |
5,019 |
for the purchase of intangible assets |
9 |
10 |
Payment and loan commitments and other financial |
301 |
293 |
BASF SE provides a guarantee to Abu Dhabi National Oil Corporation covering all obligations of Wintershall Dea Middle East GmbH related to the Ghasha concession in the United Arab Emirates. Furthermore, BASF SE assumed guarantees to the Danish Energy Agency covering all obligations of Wintershall Dea International GmbH and Wintershall Noordzee B.V. related to licenses for exploration and production of hydrocarbons in the Danish concession area. The guarantees do not stipulate a maximum amount. The risk of a claim being exercised against the guarantees is classified as low.
Obligations arising from purchase contracts
Obligations from purchase contracts resulted primarily from long-term purchase obligations for raw materials as well as supply agreements for energy from renewable sources.
|
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
Following year 1 |
7,726 |
9,353 |
Following year 2 |
4,088 |
2,703 |
Following year 3 |
3,195 |
2,150 |
Following year 4 |
3,084 |
2,058 |
Following year 5 |
1,968 |
1,975 |
Following year 6 and maturities beyond this year |
9,621 |
8,876 |
Total |
29,681 |
27,116 |