9 – Income from companies accounted for using the equity method

Income from companies accounted for using the equity method increased in 2016 primarily due to higher earnings of BASF-YPC Company Ltd., Nanjing, China. Countering this were lower earnings at Lucura Versicherungs AG, Ludwigshafen, Germany, which was largely attributable to building of provisions in connection with the fire at the North Harbor in October 2016.

In 2016, earnings from companies in the Oil and Gas segment which are accounted for using the equity method remained at the prior year level. Nord Stream AG, Zug, Switzerland, OAO Severneftegazprom, Krasnoselkup, Russia, as well as GASCADE Gastransport GmbH, Kassel, Germany, contributed most to these earnings.