Other

Sales in Other declined by €538 million compared with 2019 to €2,360 million. This was mainly due to the sales decrease in commodity trading and the remaining activities of BASF’s paper and water chemicals business, which were not part of the transfer to Solenis and are reported under Other.

At –€769 million, income from operations before special items in Other was €188 million below the prior-year figure. This is largely attributable to lower contributions from other businesses and to positive effects in 2019, primarily from changes to pension benefits in the United States.

EBIT declined by €685 million to –€1,203 million. This included special charges, in particular for the realignment of the Global Business Services unit. The prior-year figure included special income from the sale of our share of the Klybeck site in Basel, Switzerland.

Financial data – Othera (Million €)

 

2020

2019

+/–

Sales

2,360

2,898

–19%

Income from operations before depreciation, amortization and special itemsb

–609

–414

–47%

Income from operations before depreciation and amortization (EBITDA)b

–1,032

–334

.

Depreciation and amortizationc

171

184

–7%

Income from operations (EBIT)b

–1,203

–518

.

Special itemsb

–434

63

.

EBIT before special itemsb

–769

–581

–32%

of which costs for cross-divisional corporate research

–364

–397

8%

costs of corporate headquarters

–214

–231

7%

other businesses

143

179

–20%

foreign currency results, hedging and other measurement effects

–58

–89

35%

miscellaneous income and expenses

–276

–43

.

Assetsd

24,131

27,585

–13%

Investments including acquisitionse

156

299

–48%

Research and development expenses

385

411

–6%

a

Information on the composition of Other can be found in the Notes to the Consolidated Financial Statements

b

The 2019 figures have been restated to reflect the reclassification of income from non-integral companies accounted for using the equity method to net income from shareholdings.

c

Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)

d

Contains assets of businesses recognized under Other as well as reconciliation to assets of the BASF Group

e

Additions to property, plant and equipment and intangible assets