13. Noncontrolling Interests
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.
Million € |
2024 |
2023 |
|---|---|---|
Noncontrolling interests in profits |
199 |
186 |
Noncontrolling interests in losses |
–44 |
–32 |
Total |
155 |
154 |
Noncontrolling interests in profits were higher in 2024 compared with the previous year, primarily at BASF TotalEnergies Petrochemicals LLC, Houston, Texas, due to higher sales prices. Noncontrolling interests in losses were higher in 2024 compared with the previous year, primarily at BASF Shanshan Battery Materials (Ningxia) Co, Ltd, Shizuishan, China, due to impairments of property, plant and equipment.
Income and expenses recognized in equity that were attributable to noncontrolling interests totaled €54 million in 2024 and –€74 million in 2023. These effects mainly resulted from currency translation in both years.
|
|
Dec. 31, 2024 |
Dec. 31, 2023 |
||
|---|---|---|---|---|---|
|
|
Equity interest |
Equity interest |
||
Group company |
Partner |
% |
Million € |
% |
Million € |
BASF India Limited, Mumbai, India |
Free float |
26.67 |
110 |
26.67 |
90 |
BASF PETRONAS Chemicals Sdn. Bhd., Kuala Lumpur, Malaysia |
PETRONAS Chemicals Group Berhad, Kuala Lumpur, Malaysia |
40.00 |
214 |
40.00 |
226 |
BASF Shanghai Coatings Co., Ltd., Shanghai, China |
Shanghai Huayi Fine Chemical Co., Ltd, Shanghai, China |
40.00 |
129 |
40.00 |
111 |
BASF TODA Battery Materials, LLC, Yamaguchi, Japan |
TODA KOGYO CORP., |
34.00 |
33 |
34.00 |
38 |
BASF TotalEnergies Petrochemicals LLC, Houston, Texas |
TotalEnergies Petrochemicals & Refining USA, Inc., Houston, Texas |
40.00 |
240 |
40.00 |
268 |
BASF Shanshan Battery Materials Co., Ltd., Changsha, China |
Ningbo Yongxiang Investment Co., Ltd., Ningbo, China |
49.00 |
275 |
49.00 |
288 |
Shanghai BASF Polyurethane Company Ltd., Shanghai, China |
Shanghai Hua Yi (Group) Co (SHYG), Shanghai, China, and Sinopec Shanghai Gaoqiao Petrochemical Company Limited, Beijing, China |
30.00 |
128 |
30.00 |
148 |
Other |
|
|
154 |
|
199 |
Total |
|
|
1,284 |
|
1,368 |
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.