2. Scope of Consolidation
The content of this section is not part of the statutory audit of the annual financial statements but has undergone a separate limited assurance by our auditor.
The content of this section is voluntary, unaudited information, which was critically read by the auditor.
Number of companies |
Europe |
Of which |
North |
Asia Pacific |
South |
2024 |
2023 |
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
As of January 1 |
138 |
44 |
36 |
73 |
22 |
269 |
257 |
|||||||||||||
| of which proportionally consolidated | 7 |
– |
– |
2 |
– |
9 |
9 |
|||||||||||||
First-time consolidationsa |
12 |
6 |
– |
– |
1 |
13 |
15 |
|||||||||||||
| of which proportionally consolidated | – |
– |
– |
– |
– |
– |
– |
|||||||||||||
Deconsolidationsb |
2 |
– |
1 |
1 |
1 |
5 |
3 |
|||||||||||||
| of which proportionally consolidated | – |
– |
– |
– |
– |
– |
– |
|||||||||||||
As of December 31 |
148 |
50 |
35 |
72 |
22 |
277 |
269 |
|||||||||||||
| of which proportionally consolidated | 7 |
– |
– |
2 |
– |
9 |
9 |
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|
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In 2024, eight companies were included in the scope of consolidation for the first time due to their increased importance as well as one newly founded company. Of these companies, eight were in Europe (two of those in Germany) and one in South America, Africa, Middle East. In connection with the purchase of 49% of the shares in Vattenfall’s Nordlicht 1 and 2 wind farm projects, four further companies with headquarters in Germany were newly added in the scope of consolidation and another company based in Germany was consolidated for the first time using the equity method.
Four companies, two of which with headquarters in Europe and one each with headquarters in North America and in Asia Pacific, were liquidated. Another company based in South America, Africa, Middle East merged.
In the previous year, eleven companies were included in the scope of consolidation for the first time in connection with the carve-out of the Environmental Catalyst and Metal Solutions business unit. Of these companies, four were in Europe (one of those in Germany), three in North America, two in South America, Africa, Middle East and two in Asia Pacific. Three companies with headquarters in Europe (one of those in Germany) were added to the scope of consolidation in connection with the expansion of the battery materials business. One company with headquarters in Asia Pacific was included for the first time due to its increased importance.
Three companies, two of which with headquarters in Germany and one in South America, Africa, Middle East, merged in 2023.
|
2024 |
2023 |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Million € |
%a |
Million € |
%a |
||||||||
Sales |
0 |
0.0 |
– |
– |
||||||||
|
|
|
|
|
||||||||
|
|
|
|
|
||||||||
Noncurrent assets |
4 |
0.0 |
–2 |
0.0 |
||||||||
of which property, plant and equipment |
1 |
0.0 |
– |
– |
||||||||
Current assets |
–3 |
0.0 |
0 |
0.0 |
||||||||
of which cash and cash equivalents |
0 |
0.0 |
2 |
0.1 |
||||||||
Assets |
1 |
0.0 |
–2 |
0.0 |
||||||||
|
|
|
|
|
||||||||
|
|
|
|
|
||||||||
Equity |
1 |
0.0 |
1 |
0.0 |
||||||||
Noncurrent liabilities |
0 |
0.0 |
– |
– |
||||||||
of which financial indebtedness |
– |
– |
– |
– |
||||||||
Current liabilities |
0 |
0.0 |
–3 |
0.0 |
||||||||
of which financial indebtedness |
– |
– |
– |
– |
||||||||
Total equity and liabilities |
1 |
0.0 |
–2 |
0.0 |
||||||||
Other financial obligations |
– |
– |
– |
– |
||||||||
|
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The proportionally consolidated joint operations include, in particular:
- Ellba C.V., Rotterdam, Netherlands, which is jointly operated with Shell for the production of propylene oxide and styrene monomer
- BASF DOW HPPO Production BVBA, Antwerp, Belgium, which is jointly operated with Dow for the production of propylene oxide
- Butachimie SNC, Chalampé, France, which is jointly operated with Invista for the production of adiponitrile (ADN) and hexamethylenediamine (HMD)
- Alsachimie S.A.S., Chalampé, France, which is jointly operated with Domo Chemicals for the production of adipic acid
In addition to the fully and proportionally consolidated companies, 24 joint ventures and/or associated companies (previous year: 21) were consolidated using the equity method as of December 31, 2024.
A list of the companies included in the Consolidated Financial Statements and of all companies in which BASF SE has a shareholding as required by section 313(2) of the German Commercial Code (HGB) is provided in the list of shares held (for more information, see Note 4).
This content fulfills the Disclosure Requirements of the European Sustainability Reporting Standards (ESRS). The ESRS Index gives an overview of the references to the ESRSs in this report.