2.1 – Changes in scope of consolidation

audited

In 2015, the scope of consolidation for the Consolidated Financial Statements encompassed 258 companies (2014: 281). Of this number, five companies were first-time consolidations (2014: four). Since the beginning of 2015, a total of 28 companies (2014: 32) were deconsolidated due to divestiture, merger, liquidation or immateriality.

First-time consolidations in 2015 comprised:

  • A newly acquired company headquartered in Japan
  • An additional four companies which had previously not been consolidated, headquartered in Germany, China, India and Pakistan

First-time consolidations in 2014 comprised:

  • Two newly established companies with headquarters in Germany and China
  • Two additional companies which had previously not been consolidated, headquartered in Germany and Peru

While BASF does not hold majority shares in ZAO Gazprom YRGM Trading, BASF is entitled to the earnings of the company due to profit distribution arrangements, so that the company is fully consolidated in the Group Consolidated Financial Statements.

A list of companies included in the Consolidated Financial Statements and a list of all companies in which BASF SE has a shareholding as required by Section 313(2) of the German Commercial Code is provided in the List of Shares Held.

For more information, see Note 3

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Scope of consolidation

 

 

Europe

Thereof Germany

North America

Asia Pacific

South America, Africa, Middle East

2015

2014

As of January 1

 

164

65

39

54

24

281

309

Thereof proportionally consolidated

 

6

–

–

1

–

7

8

First-time consolidations

 

1

1

–

4

–

5

4

Thereof proportionally consolidated

 

–

–

–

–

–

–

–

Deconsolidations

 

24

11

2

1

1

28

32

Thereof proportionally consolidated

 

–

–

–

–

–

–

1

As of December 31

 

141

55

37

57

23

258

281

Thereof proportionally consolidated

 

6

–

–

1

–

7

7

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Overview of impact of changes to the scope of consolidation (excluding acquisitions and divestitures)1

 

 

2015

2014

 

 

Million €

%

Million €

%

1

The totals of the amounts from the deconsolidation of Wintershall Noordzee B.V. in connection with the asset swap with Gazprom are not shown in this table, but included in the table of assets and liabilities transferred as a result of the asset swap with Gazprom in Note 2.4.

Sales

 

48

0.1

15

0.0

 

 

 

 

 

 

Noncurrent assets

 

29

0.1

3

0.0

Thereof property, plant and equipment

 

15

0.1

3

0.0

Current assets

 

41

0.2

16

0.1

Thereof cash and cash equivalents

 

4

0.2

(3)

(0.2)

Assets

 

70

0.1

19

0.0

 

 

 

 

 

 

Equity

 

(7)

0.0

8

0.0

Noncurrent liabilities

 

(3)

0.0

0

0.0

Thereof financial indebtedness

 

–

–

0

0.0

Current liabilities

 

80

0.6

11

0.1

Thereof financial indebtedness

 

9

0.2

9

0.3

Total equity and liabilities

 

70

0.1

19

0.0

Other financial obligations

 

41

0.1

7

0.1