2 – Scope of Consolidation In addition to BASF SE, all material subsidiaries are included in the BASF Group Financial Statements on a fully consolidated basis. Joint arrangements that are classified as joint operations according to IFRS 11 are proportionally consolidated. Changes in the number of fully and proportionally consolidated companies are shown in the table. Since the beginning of 2020, 21 companies have been included in the scope of consolidation for the first time: 11 due to their increased materiality, one newly established company and nine acquired companies. The deconsolidations resulted from one liquidation, one merger and two companies that were no longer included in the scope of consolidation due to reduced materiality. (XLS:) XLS Scope of consolidation 2020 2019 As of January 1 302 331 of which proportionally consolidated 7 8 First-time consolidations 21 4 of which proportionally consolidated 2 − Deconsolidations 4 21 of which proportionally consolidated – 1 As of June 30 319 314 of which proportionally consolidated 9 7 (XLS:) XLS Companies accounted for using the equity method 2020 2019 As of January 1 25 35 As of June 30 25 26 back next