Activities that are not allocated to any of the segments are recorded under Other.
The following activities are presented under Other:
Discontinued operations and all remaining activities after divestitures not previously reported under Other have also been reported here since January 1, 2019. These remaining activities include, for example, equity-accounted participating interests assumed in the context of divestitures or supply obligations. The remaining activities for the leather and textile chemicals business, previously recorded in the Performance Products segment, and the remaining activities for the industrial coatings business, previously recorded in the Functional Materials & Solutions segment, were reclassified to Other. Discontinued operations include the business of the former Construction Chemicals division.
Some of the investments accounted for using the equity method are not an integral part of the BASF Group. These include, in particular, the shares in Wintershall Dea GmbH, Kassel/Hamburg, Germany, and Solenis UK International Ltd., London, United Kingdom. To increase reporting transparency, these are classified as purely financial investments and reported separately from the shareholdings that are integral to the main business activities of the BASF Group. One material equity-accounted interest that has been classified as integral is BASF-YPC Company Ltd., Nanjing, China. Consequently, since January 1, 2020 with the prior-year figures restated, income from non-integral companies accounted for using the equity method are no longer presented in the BASF Group’s EBIT and EBIT before special items (under “Other”), but under net income from shareholdings. Due to its increased significance, this will be presented as a separate subtotal within income before income taxes and is no longer part of the financial result. Integral and non-integral investments accounted for using the equity method will also be shown separately in the balance sheet. The statement of income for 2019 has been restated accordingly.
|Income from operations before depreciation and amortization (EBITDA)
before special items1
|Income from operations before depreciation and amortization (EBITDA)1||(334)||(378)|
|Depreciation and amortization2||184||128|
|Income from operations (EBIT)1||(518)||(506)|
|EBIT before special items1||(581)||(461)|
of which costs for cross-divisional corporate research
costs of corporate headquarters
foreign currency results, hedging and other measurement effects
miscellaneous income and expenses
|Investments including acquisitions4||299||759|
|Research and development expenses||411||414|
1 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. The figures for 2018 have not been restated.
2 Amortization of intangible assets and depreciation of property, plant and equipment (including impairments and reversals of impairments)
3 Contains assets of businesses recognized under Other as well as reconciliation to assets of the BASF Group including the disposal group for the oil and gas business and the construction chemicals business
4 Additions to intangible assets and property, plant and equipment