BASF – Report 2009 by xiuliliaofz

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									BASF – Report 2009

Selected exchange rates
                                          Closing rates
€1 equals                      December 31, 2009 December 31, 2008
United States (USD)                        1.44               1.39
Mexico (MXN)                              18.92              19.23
Great Britain (GBP)                        0.89               0.95
Brazil (BRL)                               2.51               3.24
Argentina (ARS)                            5.46               4.79
China (CNY)                                9.84               9.50
Japan (JPY)                              133.16             126.14
South Korea (KRW)                      1,666.97           1,839.13
Malaysia (MYR)                             4.93               4.80
The Russian Federation (RUB)              43.15              41.28
  Average rates
   2009              2008
    1.39              1.47
   18.80             16.29
    0.89              0.80
    2.77              2.67
    5.21              4.64
    9.53             10.22
  130.34            152.46
1,772.90          1,606.16
    4.91              4.89
   44.14             36.42
BASF – Report 2009

Average amortization in years
                                                2009
Distribution, supply and similar rights          14
Product rights, licenses and trademarks          17
Know-how, patents and production technologies     9
Internally generated intangible assets            6
Other rights and values                           3
2008
 16
 18
 12
  6
  6
BASF – Report 2009

Average depreciation in years
                                                 2009
Buildings and structural installations            19
Machinery and technical equipment                 11
Factory, office equipment and other facilities     7
2008
 24
 11
  7
BASF – Report 2009

Scope of consolidation
                                         2009
Consolidated companies as of January 1   293
  Thereof proportionally consolidated     19
First-time consolidations                 75
  Thereof proportionally consolidated      –
Deconsolidations                          23
  Thereof proportionally consolidated      –
Consolidated as of December 31           345
  Thereof proportionally consolidated     19
2008
297
 18
 22
  1
 26
  –
293
 19
BASF – Report 2009

Overview of impact of changes to the scope of consolidation (excluding acquisitions and divestitures)
                                                                            2009
                                                                     Million €                %
Sales                                                                      2                    .

Long-term assets                                                           8                    .
 Thereof property, plant and equipment                                     7                    .
Short-term assets                                                         31                 0.2
 Thereof cash and cash equivalents                                         .                    .
Total assets                                                              39                 0.1

Stockholders’ equity                                                      (4)                   .
Long-term liabilities                                                       .                   .
  Thereof financial indebtedness                                            .                   .
Short-term liabilities                                                    43                 0.4
  Thereof financial indebtedness                                            1                   .
Total stockholders’ equity and liabilities                                39                 0.1
Contingent liabilities and other financial obligations                      .                   .
nd divestitures)
                          2008
                   Million €        %
                       (43)      (0.1)

                         .           .
                        24        0.2
                        38        0.2
                        15        0.5
                        38        0.1

                          2           .
                          5           .
                          7        0.1
                         31        0.2
                       (10)      (0.2)
                         38        0.1
                          .           .
BASF – Report 2009

Companies consolidated using the equity method
                                                 2009
Subsidiaries                                       7
Joint ventures                                     5
Other associated companies                         5
                                                  17
2008
  8
  4
  5
 17
BASF – Report 2009

Financial information on proportionally consolidated companies (million €)
                                                                             2009
Income statement information
Sales                                                                        3,629
Income from operations                                                         224
Income before taxes and minority interest                                      219
Net income                                                                     212

Balance sheet information
Long-term assets                                                             1,239
  Thereof property, plant and equipment                                      1,139
Short-term assets                                                              877
  Thereof marketable securities, cash and cash equivalents                      58
Total assets                                                                 2,116
Stockholders’ equity                                                           898
Long-term liabilities                                                          497
  Thereof financial indebtedness                                               251
Short-term liabilities                                                         721
  Thereof financial indebtedness                                                97
Total stockholders’ equity and liabilities                                   2,116
Contingent liabilities and other financial obligations                         138

Consolidated statements of cash flows
Cash provided by operating activities                                          495
Cash used in investing activities                                            (221)
Cash used in financing activities                                            (266)
Net changes in cash and cash equivalents                                         8
2008

5,392
  173
  169
  167


1,282
1,178
  959
   49
2,241
  783
  627
  296
  831
  163
2,241
  175


  320
 (84)
(223)
   13
BASF – Report 2009

Financial information on companies consolidated using the equity method (million €)
                                                                                      2009
Income statement information
Sales                                                                                 2,441
Income from operations                                                                  228
Income before taxes and minority interests                                              132
Net income                                                                              100
BASF’s share of net income                                                               42

Balance sheet information
Long-term assets                                                                      4,921
  Thereof property, plant and equipment                                               2,497
Short-term assets                                                                     1,945
  Thereof marketable securities, cash and cash equivalents                              940
Total assets                                                                          6,866
Stockholders’ equity                                                                  3,252
Long-term liabilities                                                                   903
  Thereof financial indebtedness                                                        669
Short-term liabilities                                                                2,711
  Thereof financial indebtedness                                                        958
Total stockholders’ equity and liabilities                                            6,866
BASF’s share of stockholders’ equity                                                    940
€)
      2008

     3,132
       295
     (234)
     (198)
       (68)


     2,971
     2,205
     2,453
     1,155
     5,424
     2,590
       425
       233
     2,409
     1,818
     5,424
       800
BASF – Report 2009

Preliminary purchase price allocation of the acquisition of Ciba in 2009 (million €)
                                                              Historical book   Adjustment to fair
                                                                        value               value
Long-term assets                                                       2,838                  585
Property, plant and equipment                                          1,419                  347
Goodwill                                                                 459                (459)
Other intangible assets                                                  510                  585
Other long-term assets                                                   450                  112

Short-term assets                                                      1,801                  208
Inventories                                                              883                  208
Accounts receivable, trade                                               391                    –
Other short-term assets                                                  527                    –
Total assets                                                           4,639                  793

Long-term liabilities                                                  2,411                  378
Provision for pensions and similar obligations                           682                   54
Other provisions                                                         274                   93
Deferred tax liabilities                                                  97                  359
Financial indebtedness                                                 1,304                (128)
Other liabilities                                                         54                    –

Short-term liabilities                                                   929                    6
Total liabilities                                                      3,340                  384
Minority interests                                                        28                   73

Net assets                                                             1,271                  336
Goodwill

Total purchase price
 Fair values at the
date of acquisition
             3,423
             1,766
                 –
             1,095
               562

             2,009
             1,091
               391
               527
             5,432

             2,789
               736
               367
               456
             1,176
                54

               935
             3,724
               101

             1,607
               571

             2,178
BASF – Report 2009

Effects of acquisitions in the year of acquisition
                                                           2009                           2008

                                                                        Final purchase
                                                                                  price
                                                     Million €        %     allocations
Long-term assets                                       3,559        11.2         1,139
Goodwill                                                 571        11.3           373
Other intangible assets                                1,099        20.4           361
Property, plant and equipment                          1,766        10.8           336
Financial assets                                       (315)      (10.6)             –
Other assets                                             438        22.0            69
Short-term assets                                      2,009        10.3           141
  Thereof cash and cash equivalents                      241        13.1            11
Total assets                                           5,568        10.9         1,280

Stockholders’ equity                                      93        0.5              5
Long-term liabilities                                  2,788       13.3            455
  Thereof financial indebtedness                       1,176        9.5             29
Short-term liabilities                                   936        8.0            173
  Thereof financial indebtedness                           4        0.2             31
Total stockholders’ equity and liabilities             3,817        7.4            633
Payments for acquisitions                              1,751                       647
         2008

               Preliminary
            purchase price
Adjustments     allocations    %
       (38)          1,177    4.0
        (7)            380    8.0
        (4)            365    7.1
       (27)            363    2.4
          –              –      –
          –             69    4.3
          3            138    0.6
          –             11    0.4
       (35)          1,315    2.6

          –              5       .
       (34)            489    3.1
          –             29    0.4
          –            173    1.1
          –             31    0.5
       (34)            667    1.3
        (1)            648
BASF – Report 2009

Effects of divestitures in the year of divestiture
                                                            2009                  2008
                                                     Million €        %    Million €
Sales                                                    (35)      (0.1)     (274)

Long-term assets                                         (27)      (0.1)       (12)
 Thereof Property, plant and equipment                   (15)      (0.1)       (11)
Short-term assets                                        (15)      (0.1)       (24)
 Thereof cash and cash equivalents                        (1)      (0.1)          –
Total assets                                             (42)      (0.1)       (36)

Stockholders’ equity                                      22        0.1         30
Long-term liabilities                                       –         –          –
  Thereof financial indebtedness                            –         –          –
Short-term liabilities                                    (1)          .         7
  Thereof financial indebtedness                            –         –          –
Total stockholders’ equity and liabilities                21           .        37
Proceeds from divestitures                                63                    73
2008
          %
       (0.4)

           .
       (0.1)
       (0.1)
           –
       (0.1)

        0.2
          –
          –
           .
          –
        0.1
BASF – Report 2009

Earnings per share
                                                                 2009      2008
Net income                                      (million €)     1,410     2,912
Number of shares                                  (1,000)
Weighted-average number of outstanding shares                 918,479   930,103
Earnings per share                                     (€)       1.54      3.13
BASF – Report 2009

Income from operations (EBIT) of Other (million €)
                                                                  2009
Corporate research costs                                          (319)
Costs of the corporate center                                     (209)
Styrenics, fertilizers, other businesses                            339
Foreign currency results, hedging and other measurement effects   (512)
Miscellaneous income and expenses                                    74
                                                                  (627)
2008
(312)
(243)
   49
(209)
(198)
(913)
BASF – Report 2009

Assets of Other (million €)
                                                    2009
Assets of businesses included under Other          2,647
Financial assets                                   2,960
Deferred tax assets                                1,042
Cash and cash equivalents/marketable securities    1,850
Defined benefit assets                               549
Miscellaneous receivables/prepaid expenses         1,513
                                                  10,561
  2008
 3,232
 3,093
   930
 2,811
   165
 2,512
12,743
BASF – Report 2009

Reconciliation reporting Oil & Gas (million €)
                                                                                 2009
Income from operations                                                           2,289
Income from financial assets                                                        62
Miscellaneous earnings                                                           (243)
Income before taxes and minority interests                                       2,108
Income taxes                                                                     1,223
  Thereof income taxes on oil-producing operations non-compensable with German
  corporate income tax                                                            870
Income before minority interests                                                  885
Minority interests                                                                173
Net income                                                                        712
 2008
3,844
  (68)
  121
3,897
2,573

1,851
1,324
  373
  951
BASF – Report 2009

Segments
2009 (million €)

                                                                  Performance    Functional   Agricultural
                                           Chemicals   Plastics       Products    Solutions     Solutions
Sales                                         7,515     7,128           9,356        7,115          3,646
Change (%)                                    (32.7)    (21.8)           15.2        (24.2)            7.0
Intersegmental transfers                      3,564       363             319          147              33
Sales including intersegmental transfers     11,079     7,491           9,675        7,262          3,679
Income from operations                          735       554           (150)          107            769
Change (%)                                    (46.3)       2.8               .       (29.1)            9.1
Assets                                        5,688     4,530           9,242        8,265          4,681
  Thereof goodwill                               22       115           1,214        1,894          1,366
    property, plant and equipment             3,446     2,353           3,390        1,514            592
Debt                                          1,384     1,053           2,412        2,003          1,046
Research and development expenses               129       126             285          163            355
Additions to property, plant and
equipment and intangible assets                 482        249          3,753          174           183
Amortization of intangible assets and
depreciation of property, plant and
equipment                                       836        440          1,076          404           204
  Thereof impairments                           183          7            377           38             .
                 Thereof
             Exploration
Oil & Gas   & Production    Other    BASF Group
  11,356          3,847     4,577        50,693
   (21.4)         (27.5)    (31.2)        (18.6)
     702             38        245        5,373
  12,058          3,885     4,822        56,066
   2,289          1,781      (627)        3,677
   (40.5)         (46.3)      31.3        (43.1)
   8,301          4,997    10,561        51,268
     389            389         69        5,069
   3,980          1,930     1,010        16,285
   2,669          1,516    22,092        32,659
      13             13        327        1,398

   1,012            647       119         5,972


     541            407       210         3,711
       .              .         2           607
BASF – Report 2009

2008 (million €)
                                                                  Performance    Functional   Agricultural
                                           Chemicals   Plastics       Products    Solutions     Solutions
Sales                                        11,171     9,116           8,125        9,388          3,409
Change (%)                                      10.2     (4.7)             0.5        (1.1)            8.7
Intersegmental transfers                      5,182       766             345          147              28
Sales including intersegmental transfers     16,353     9,882           8,470        9,535          3,437
Income from operations                        1,369       539             768          151            705
Change (%)                                    (28.6)    (53.9)           20.4        (65.1)          36.6
Assets                                        6,121     4,826           5,769        8,693          4,352
  Thereof goodwill                               148      119             749        1,898          1,383
    property, plant and equipment             3,641     2,510           2,072        1,562            502
Debt                                          1,655     1,033           1,204        2,100            929
Research and development expenses                146      142             223          186            325
Additions to property, plant and                 601      470             360          234            196
Amortization of intangible assets and            684      408             437          413            200
  Thereof impairments                             62         .              38          50                .
               Thereof
Oil & Gas   Exploration    Other    BASF Group
  14,445         5,308     6,650        62,304
    37.3          21.6      (5.3)           7.5
   1,235           237       465         8,168
  15,680         5,545     7,115        70,472
   3,844         3,319     (913)         6,463
    26.8          33.5          .        (11.7)
   8,356         4,740    12,743        50,860
     381           381        70         4,748
   3,638         1,830     1,107        15,032
   3,107         1,487    22,110        32,138
      10            10       323         1,355
   1,651         1,364       122         3,634
     565           425       392         3,099
       .              .      141           291
BASF – Report 2009

Regions
2009 (million €)


                                                                       Thereof     North
                                                            Europe    Germany    America
Location of customers
Sales                                                       28,532     10,666     9,423
Change (%)                                                   (22.2)     (22.7)    (21.0)
Share (%)                                                      56.2       21.0      18.6
Location of companies
Sales                                                       30,375     21,543     9,320
Sales including interregional transfers                     34,393     24,729    10,564
Income from operations                                       2,390      1,855       495
Assets                                                      31,994     18,790    10,139
  Thereof property, plant and equipment                      9,789      6,006     3,351
Additions to property, plant and equipment and intangible    4,194      2,101     1,123
Amortization of intangible assets and depreciation of        2,429      1,242       750
Employees as of December 31                                 67,621     48,586    15,945
               South
            America,
 Asia,        Africa,
Pacific   Middle East   BASF Group

 8,706         4,032        50,693
  (6.6)         (7.5)        (18.6)
  17.2            8.0        100.0

 7,997         3,001        50,693
 8,263         3,164        56,384
   503           289         3,677
 6,392         2,743        51,268
 2,526           619        16,285
   521           134         5,972
   428           104         3,711
14,817         6,396       104,779
BASF – Report 2009

2008 (million €)


                                                                      Thereof     North
                                                            Europe   Germany    America
Location of customers
Sales                                                       36,693    13,796    11,932
Change (%)                                                    13.4      15.3         –
Share (%)                                                     58.8      22.1      19.2
Location of companies
Sales                                                       38,652    27,497    11,937
Sales including interregional transfers                     42,874    30,626    13,050
Income from operations                                       5,822     4,744        73
Assets                                                      32,704    19,950     9,991
  Thereof property, plant and equipment                      8,778     5,485     3,227
Additions to property, plant and equipment and intangible    2,818     1,249       542
Amortization of intangible assets and depreciation of        1,801     1,011       690
Employees as of December 31                                 61,889    47,364    15,168
               South
            America,
 Asia,        Africa,
Pacific   Middle East   BASF Group

 9,320         4,359        62,304
  (2.7)           6.4           7.5
  15.0            7.0        100.0

 8,664         3,051        62,304
 8,911         3,197        68,032
   254           314         6,463
 5,771         2,394        50,860
 2,477           550        15,032
   172           102         3,634
   510            98         3,099
13,734         6,133        96,924
BASF – Report 2009
Other operating income

Million €                                                                       2009
Reversal and adjustment of provisions                                            348
Revenue from miscellaneous revenue-generating activities                         116
Income from foreign currency and hedging transactions                            171
Income from the translation of financial statements in foreign currencies         34
Gains from disposal of property, plant and equipment and divestitures             79

Gains on the reversal of allowances for doubtful business-related receivables      77
Other                                                                             364
                                                                                1,189
2008
 209
 178
 433
  24
  70

   30
  360
1,304
BASF – Report 2009
Other operating expenses

Million €                                                                       2009
Restructuring measures                                                           548
Environmental protection and safety measures, costs of demolition and
removal, and planning expenses related to capital expenditures that are not
subject to mandatory capitalization                                              140
Amortization of intangible assets and depreciation of property, plant and
equipment                                                                        717
Costs from miscellaneous revenue-generating activities                            76
Expenses from foreign currency and hedging transactions as well as market
valuation                                                                        621
Losses from the translation of the financial statements in foreign currencies     23
Losses from the disposal of property, plant and equipment and divestitures        35
Oil and gas exploration expenses                                                 143
Expenses from additions to allowances for business-related receivables           135
Expenses from the use of inventories measured at market values and the write
off of obsolete inventory                                                         359
Other                                                                             528
                                                                                3,325
2008
 159


 147

 384
 139

 751
  50
  27
 227
  44

  116
  456
2,500
BASF – Report 2009
Financial result

Million €                                                                    2009
Income from companies accounted for using the equity method                     61
Income from participations in affiliated and associated companies               88
Income from the disposal of participations                                      13
Income from profit transfer agreements                                          10
Income from tax allocation to participating interests                             1
Other income from participations                                               112
Losses from loss transfer agreements                                            (5)
Write-down of/losses from the sales of participations                         (35)
Other expenses from participations                                            (40)
Interest income from cash and cash equivalents                                 106
Interest and dividend income from securities and loans                          28
Interest income                                                                134
Interest expenses                                                            (734)
Write-ups/profits from the sale of securities and loans                         14

Expected income from plan assets to cover pensions and similar obligations     675
Income from plan assets to cover other long-term personnel obligations          16
Income from the capitalization of construction interest                         58
Miscellaneous financial income                                                   –
Other financial income                                                         763
Write-downs/losses from the disposal of securities and loans                  (12)
Interest cost on pension obligations and other similar obligations           (781)
Expenses from other long-term employee obligations                            (46)
Interest cost on other long-term personnel provisions                         (42)
Miscellaneous financial expenses                                              (13)
Other financial expenses                                                     (894)
Financial result                                                             (598)
2008
 (66)
   60
     5
     7
     2
   74
   (2)
 (80)
 (82)
  124
   50
  174
(601)
     –

  677
   27
   43
   25
  772
 (20)
(655)
 (48)
 (35)
    –
(758)
(487)
BASF – Report 2009
Income taxes

Million €                                                                2009
German corporate income tax, solidarity surcharge, German trade taxes     207
Foreign income tax                                                      1,381
Taxes for prior years                                                     (31)
Current taxes                                                           1,557
Deferred tax expense (+)/income (–)                                     (133)
Income taxes                                                            1,424
  Thereof income taxes on oil-producing operations                      1,033
Other taxes as well as sales and consumption taxes                        238
Tax expense                                                             1,662
2008
  377
2,781
(208)
2,950
(279)
2,671
2,206
  269
2,940
BASF – Report 2009
Income before taxes and minority interests broken down into domestic and foreign

Million €                                                                          2009
Germany                                                                              535
Foreign oil production branches of German companies                                1,115
Foreign                                                                            1,429
                                                                                   3,079
n

    2008
    1,870
    2,389
    1,717
    5,976
BASF – Report 2009

Reconciliation from the statutory tax rate in Germany to the effective tax rate
                                                                                                   2009
                                                                                            Million €        %
Expected tax based on German corporate income tax (15%)                                          462      15.0
Solidarity surcharge                                                                                4       0.1
German trade income tax                                                                          119        3.9
Foreign tax-rate differential                                                                    146        4.7
Tax exempt income                                                                                (90)     (2.9)
Non-deductible expenses                                                                            75       2.4
Income after taxes of companies accounted for using the equity                                    (9)     (0.3)
Taxes for prior years                                                                            (31)     (1.0)
Income taxes on oil-producing operations non-compensable                                         870      28.2
Deferred tax liabilities for planned dividend distributions of                                   (19)     (0.6)

Adjustment to deferred tax liabilities due to changes in tax rates                                  –         –
Other                                                                                           (103)     (3.3)
Income taxes/effective tax rates                                                                1,424     46.2
1 Non-cash income from the reduction in corporate income taxes, primarily in the Russian Federation
       2008
Million €        %
    896       15.0
       9        0.1
    202         3.4
    200         3.3
  (142)       (2.4)
    135         2.3
      10        0.2
  (208)       (3.5)
  1,851       31.0
    (50)      (0.8)

  (61) 1      (1.0)
  (171)       (2.9)
  2,671       44.7
BASF – Report 2009

Deferred tax assets and liabilities (million €)
                                                  Deferred tax assets
                                                      2009                2008
Intangible assets                                        88                  37
Property, plant and equipment                          245                  191
Financial assets                                          9                  18
Inventories and accounts receivable                    256                  276
Provisions for pensions                                902                  698
Other provisions and liabilities                       622                  541
Tax loss carryforwards                                 927                  928
Other                                                  260                  499
Netting                                            (2,127)              (2,106)
Valuation allowances for deferred tax assets         (140)                (152)
  Thereof for tax loss carryforwards                   (90)               (112)
Total                                                1,042                  930
  Thereof short-term                                   367                  305
Deferred tax liabilities
     2009                    2008
     1,405                   1,448
     1,743                   1,534
        86                      66
       433                     776
       368                     258
        52                     110
         –                       –
       133                      81
   (2,127)                 (2,106)
         –                       –
         –                       –
     2,093                   2,167
       314                     247
BASF – Report 2009

Tax loss carryforwards (million €)
                                     2009
Germany                                 14
Foreign                              3,161
                                     3,175
2008
    8
2,507
2,515
BASF – Report 2009

Tax liabilities (million €)
                              2009
Tax provisions                  431
Tax liabilities                 572
                              1,003
2008
257
603
860
BASF – Report 2009
Minority interests in profits and losses

Million €                                  2009
Minority interests in profits              259
Minority interests in losses                14
                                           245
2008
434
 41
393
BASF – Report 2009
Additional information related to Consolidated Statements of Cash Flows

Million €                                                                 2009
Income tax payments                                                       1,650
Interest payments                                                           522
Dividends received                                                           93
2008
3,322
  466
   68
BASF – Report 2009

Personnel costs (million €)
                                                                         2009
Wages and salaries                                                       5,942
Social security contributions and expenses for pensions and assistance   1,165
 Thereof for pension benefits                                              178
                                                                         7,107
2008
5,158
1,206
  310
6,364
BASF – Report 2009

Average number of employees
                                                                       Proportionally consolidated
                                            Consolidated companies             companies
                                                  2009          2008           2009           2008
Europe                                          66,310       61,042             431           440
 Thereof Germany                                48,180       46,902              19            22
North America                                   15,740       14,992             460           452
Asia Pacific                                    13,788       12,446           1,993         1,906
South America, Africa, Middle East               6,332        6,006               –             –
BASF Group                                     102,170       94,486           2,884         2,798
 Thereof with trainee contracts                  2,097        1,907               1             2
    employees with limited-term contracts        2,129        2,337              37            31
  BASF Group
   2009          2008
 66,741        61,482
 48,199        46,924
 16,200        15,444
 15,781        14,352
  6,332         6,006
105,054        97,284
  2,098         1,909
  2,166         2,368
BASF – Report 2009

Development of intangible assets 2009 (million €)
                                                                                    Know-how,
                                                  Distribution,   Product rights,   patents and
                                                   supply and       licenses and     production
                                                 similar rights       trademarks     technology
Acquisition costs
Balance as of January 1, 2009                           3,366              1,518         1,632
Changes in scope of consolidation                            1                (2)             –
Additions                                                 605                185           233
Disposals                                                 (58)               (14)        (111)
Transfers                                                    –               (15)           12
Exchange differences                                      (92)                (6)           (5)
Balance as of December 31, 2009                         3,822              1,666         1,761
Amortization
Balance as of January 1, 2009                             668                519           641
Changes in scope of consolidation                            1                  –             –
Additions                                                 267                 96           192
Disposals                                                 (49)                (7)        (108)
Transfers                                                    –                (1)             –
Exchange differences                                       (6)                (4)           (2)
Balance as of December 31, 2009                           881                603           723
Net carrying amount as of December 31, 2009             2,941              1,063         1,038
1 Including licenses on such rights and values
 Internally
generated
intangible    Other rights
    assets    and values 1   Goodwill     Total

      133           1,011      4,748    12,408
         –               –          –       (1)
        12            240        571     1,846
      (16)          (375)      (222)     (796)
         –            (32)        (7)      (42)
       (1)              13       (21)    (112)
      128             857      5,069    13,303

        82            609          –     2,519
         –              –          –         1
        20            302        220     1,097
      (15)          (366)      (220)     (765)
         –              1          –         –
         –             14          –         2
        87            560          –     2,854
        41            297      5,069    10,449
BASF – Report 2009

Development of intangible assets 2008 (million €)
                                                                                    Know-how,
                                                  Distribution,   Product rights,   patents and
                                                   supply and       licenses and     production
                                                 similar rights       trademarks     technology
Acquisition costs
Balance as of January 1, 2008                           3,472              1,165         1,651
Changes in scope of consolidation                          (1)                  .             –
Additions                                                   29               327             19
Disposals                                                 (17)                (9)          (47)
Transfers                                                    2                23            (3)
Exchange differences                                    (119)                 12             12
Balance as of December 31, 2008                         3,366              1,518         1,632
Amortization
Balance as of January 1, 2008                             459                417           545
Changes in scope of consolidation                            .                  .             .
Additions                                                 214                 82           139
Disposals                                                 (17)                (7)          (48)
Transfers                                                    .                20              .
Exchange differences                                        12                  7             5
Balance as of December 31, 2008                           668                519           641
Net carrying amount as of December 31, 2008             2,698                999           991
1 Including licenses on such rights and values
 Internally
generated
intangible    Other rights
    assets    and values 1   Goodwill     Total

      135             789      4,305    11,517
         .               1          5         5
        17              53       380       825
      (22)            (25)       (16)    (136)
         1            177          34      234
         2              16         40      (37)
      133           1,011      4,748    12,408

        80           457            –    1,958
         .               .          –         .
        22           145           16      618
      (21)           (24)        (16)    (133)
         .             21           –       41
         1             10           –       35
        82           609            –    2,519
        51           402       4,748     9,889
BASF – Report 2009

Development of property, plant and equipment 2009 (million €)

                                                     Land, land rights and Machinery and technical
                                                                 buildings             equipment
Acquisition costs
Balance as of January 1, 2009                                      7,470                   36,979
Changes in scope of consolidation                                     (7)                      (3)
Additions                                                            633                    1,653
Disposals                                                          (167)                    (746)
Transfers                                                            163                    1,123
Exchange differences                                                 (21)                   (173)
Balance as of December 31, 2009                                    8,071                   38,833
Accumulated valuation adjustments
Balance as of January 1, 2009                                      4,427                   27,357
Changes in scope of consolidation                                    (12)                      (6)
Additions                                                            281                    2,142
Disposals                                                          (128)                    (695)
Transfers                                                             (2)                      27
Exchange differences                                                  (5)                   (100)
Balance as of December 31, 2009                                    4,561                   28,725
Net carrying amount as of December 31, 2009                        3,510                   10,108
       Miscellaneous Advance payments and
equipment and fixtures construction in progress     Total

                2,817                    1,881    49,147
                     1                        –        (9)
                  172                    1,668      4,126
                (115)                      (26)   (1,054)
                    75                 (1,399)        (38)
                  (14)                     (21)     (229)
                2,936                    2,103    51,943

                2,325                         6   34,115
                     –                        –      (18)
                  183                         8    2,614
                (105)                       (1)    (929)
                  (34)                        –       (9)
                  (10)                        –    (115)
                2,359                       13    35,658
                  577                    2,090    16,285
BASF – Report 2009

Development of property, plant and equipment 2008 (million €)

                                                     Land, land rights and Machinery and technical
                                                                 buildings             equipment
Acquisition costs
Balance as of January 1, 2008                                      7,212                   34,277
Changes in scope of consolidation                                      4                       (8)
Additions                                                             58                      986
Disposals                                                          (106)                    (858)
Transfers                                                            208                    2,228
Exchange differences                                                  94                      354
Balance as of December 31, 2008                                    7,470                   36,979
Accumulated valuation adjustments
Balance as of January 1, 2008                                      4,213                   25,136
Changes in scope of consolidation                                       1                      (8)
Additions                                                            255                    2,064
Disposals                                                            (78)                   (808)
Transfers                                                               1                     787
Exchange differences                                                   35                     186
Balance as of December 31, 2008                                    4,427                   27,357
Net carrying amount as of December 31, 2008                        3,043                    9,622
       Miscellaneous Advance payments and
equipment and fixtures construction in progress     Total

                2,694                    1,574    45,757
                     4                       21        21
                  114                    1,651      2,809
                  (95)                     (60)   (1,119)
                    73                 (1,318)      1,191
                    27                       13       488
                2,817                    1,881    49,147

                2,177                        16   31,542
                     2                        –       (5)
                  161                         1    2,481
                  (88)                     (11)    (985)
                    51                        .      839
                    22                        –      243
                2,325                         6   34,115
                  492                    1,875    15,032
BASF – Report 2009

Investments accounted for using the equity method (million €)
                                                                 2009
Acquisition cost
Balance as of January 1                                         1,196
Changes in scope of consolidation                                  (7)
Additions                                                         161
Disposals                                                         (50)
Transfers/Changes in market value                                   40
Exchange differences                                                 –
Balance as of December 31                                       1,340
Accumulated valuation adjustments
Balance as of January 1                                             50
Changes in scope of consolidation                                    –
Additions                                                            –
Disposals                                                         (50)
Transfers                                                            –
Exchange differences                                                 –
Balance as of December 31                                            –
Net carrying amount as of December 31                           1,340
 2008

  890
  (13)
  450
  (96)
  (81)
    46
1,196

    56
     –
    50
  (56)
     –
     –
    50
1,146
BASF – Report 2009

Other financial assets (million €)
                                      2009
Investments in affiliated companies     276
Investments in associated companies      86
Shares in other participations          965
Participations                        1,327
Loans to affiliated companies            13
Loans to associated companies           215
Other loans                              37
Loans                                   265
Long-term securities                     27
                                      1,619
2008
  231
   81
1,207
1,519
   12
  346
   43
  401
   27
1,947
BASF – Report 2009
Inventories

Million €                                         2009
Raw materials and factory supplies                1,845
Work-in-process, finished goods and merchandise   4,860
Advance payments and services-in-process             71
                                                  6,776
2008
1,769
4,924
   70
6,763
BASF – Report 2009

Other receivables and miscellaneous assets (million €)
                                                            2009                   2008
                                                                     Thereof
                                                                   short-term
Receivables from affiliated companies                      190           190      326
Prepaid expenses                                           182           161      217
Defined benefit assets                                     549             –      165
Receivables from associated companies and other            426           398      215
Tax refund claims                                          778           722      648
Loans and interest receivables                              91            91       90
Derivatives with positive fair values                      286           277    1,192
Employee receivables                                        39            24       25
Rents and deposits                                          59            18       58
Insurance claims                                            27            18       24
Receivables from joint venture partners                      –             –       28
Precious metal trading positions                           807           807      540
Other                                                      735           517    1,062
                                                         4,169         3,223    4,590
2008
         Thereof
       short-term
             324
             195
               –
             190
             536
              90
           1,172
              16
              28
              22
              28
             540
             807
           3,948
BASF – Report 2009

Valuation allowances for doubtful receivables 2009 (million €)
                                                             Additions    Reversals    Additions not
                                          Balance as of       affecting    affecting       affecting
                                        January 1, 2009        income       income           income
Accounts receivable, trade                         306            124            77              34
Other receivables                                   25              8             –              10
                                                   331            132            77              44
Reversals not   Balance as of
    affecting   December 31,
      income            2009
          39             348
          10              33
          49             381
BASF – Report 2009

Valuation allowances for doubtful receivables 2008 (million €)
                                                             Additions    Reversals    Additions not
                                          Balance as of       affecting    affecting       affecting
                                        January 1, 2008        income       income           income
Accounts receivable, trade                         364              71           74              15
Other receivables                                   31               1            3               –
                                                   395              72           77              15
Reversals not   Balance as of
    affecting   December 31,
      income            2008
          70             306
           4              25
          74             331
BASF – Report 2009

Aged list of trade accounts receivable (million €)
                                                     2009
Not yet due                                          6,956
Due less than 30 days                                  528
Due between 30 and 89 days                             158
Due more than 90 days                                   96
                                                     7,738
2008
6,807
  615
  215
  115
7,752
BASF – Report 2009

Aged list of other receivable (million €)
                                            2009
Not yet due                                 1,454
Due less than 30 days                          19
Due between 30 and 89 days                     83
Due more than 90 days                           9
                                            1,565
2008
1,538
  188
   80
   21
1,827
BASF – Report 2009

Subscribed capital (million €)
                                                              Outstanding
                                                                   shares Subscribed capital
Shares cancelled up to December 31, 2009                       (4,649,873)               (6)
Outstanding shares as disclosed in the financial statements   918,478,694             1,176
BASF – Report 2009
Retained earnings and other comprehensive income

Million €                                            2009
Legal reserves                                        429
Other retained earnings                            12,487
                                                   12,916
  2008
   420
12,830
13,250
BASF – Report 2009
Minority interests



Group company                                  Partner
WINGAS GmbH & Co. KG, Kassel, Germany          Gazprom Group,
Wintershall AG, Kassel, Germany                Gazprom Group,
                                               Moscow, Russia
Yangzi-BASF Styrenics Co. Ltd., Nanjing, China Yangzi Petrochemical Corp. Ltd., Nanjing, China
BASF India Ltd., Mumbai, India                 Shares are publicly traded
BASF PETRONAS Chemicals Sdn. Bhd., Shah PETRONAS (Petroliam Nasional Bhd.), Kuala
BASF Sonatrach PropanChem S.A., Tarragona, SONATRACH, Algier, Algeria
BASF Fina Petrochemicals L.P., Port Arthur,    Total Petrochemicals Inc., Houston, Texas
Shanghai BASF Polyurethane Company Ltd.,       Shanghai Hua Yi (Group) Company, Shanghai,
Other
          2009                       2008
Equity stake     Million   Equity stake     Million
         (%)           €            (%)           €
     49.98         409          49.98         362

     49.00         127          49.00         177
     40.00          45          40.00          41
     28.82          27          28.82          25
     40.00         119          40.00         145
     49.00          54          49.00          60
     40.00         162          40.00         161
     30.00          72          30.00          90
                   117                         90
                 1,132                      1,151
BASF – Report 2009

Assumptions used to determine the defined benefit obligation
as of December 31 (Weighted average in %)
                                                         Germany           Foreign
                                                        2009       2008   2009
Discount rate                                           5.50       6.00   5.17
Projected increase of wages and salaries                2.75       2.75   3.91
Projected pension increase                              2.00       2.00   0.92
Foreign
          2008
          5.86
          4.44
          0.51
BASF – Report 2009

Assumptions used to determine expenses for pension plans
(Weighted average in %)
                                                       Germany           Foreign
                                                      2009       2008   2009
Discount rate                                         6.00       5.25   5.59
Projected increase of wages and salaries              2.75       2.75   3.82
Projected pension increase                            2.00       2.00   0.76
Expected return on plan assets                        5.42       5.18   6.60
Foreign
          2008
          5.87
          4.56
          0.60
          7.21
BASF – Report 2009

Sensitivity of health care costs (million €)
                                                Increase by one   Decrease by one
                                               percentage point   percentage point
Effect on projected benefit obligation                       9                (20)
Effect on plan expenses                                      1                 (2)
BASF – Report 2009

Portfolio structure of plan assets (%)
                                         Target allocation          Share of plan assets
                                                     2010    2009
Shares                                                 29     27
Bonds                                                  59     63
Property                                                4      5
Other                                                   8      5
Total                                                 100    100
Share of plan assets
                2008
                 22
                 66
                  4
                  8
                100
BASF – Report 2009

Development of defined benefit obligation (million €)
                                                          2009
Defined benefit obligation as of January 1              11,814
Service cost                                               244
Interest cost                                              781
Benefits paid                                            (802)
Participants’ contributions                                  52
Actuarial gains/losses                                     945
Acquisition-related effects                              2,516
Settlements and other plan changes                       (251)
Exchange differences                                       (35)
Defined benefit obligation as of December 31            15,264
  2008
12,348
   250
   655
 (672)
    40
 (877)
     –
    34
    36
11,814
BASF – Report 2009

Development of plan assets (million €)
                                           2009
Plan assets as of January 1              10,325
Expected return on plan assets              675
Actuarial gains/losses                    1,120
Employer contributions                      413
Participants’ contributions                   52
Benefits paid                             (516)
Acquisition-related effects               1,780
Other changes                               (27)
Exchange differences                        (12)
Plan assets as of December 31            13,810
  2008
12,038
    677
(2,163)
    119
     40
  (455)
      –
     57
     12
10,325
BASF – Report 2009

Reconciliation of funded status to provisions for pensions and similar obligations (million €)
                                                                                           2009
Plan assets as of December 31                                                           13,810
  Less defined benefit obligation as of December 31                                     15,264
Funded status                                                                           (1,454)
Unrecognized past service cost                                                              (21)
Asset ceiling in accordance with IAS 19.58                                                (231)
Net obligation recognized on the balance sheet                                          (1,706)
  Thereof defined benefit assets                                                            549
    provisions for pensions                                                               2,255
(million €)
                2008
              10,325
              11,814
              (1,489)
                  (24)
                  (34)
              (1,547)
                  165
                1,712
BASF – Report 2009

Current funding situation of the plans (million €)
                                                                  2009
                                                     Defined benefit
                                                          obligation
Unfunded pension plans                                       1,467
Partially funded pension plans                               5,069
Total of pension plans that are not fully funded             6,536
Fully funded pension plans                                   8,728
                                                            15,264
2009                              2008
                     Defined benefit
       Plan assets        obligation     Plan assets
                –              765                –
            4,302            3,093            2,170
            4,302            3,858            2,170
            9,508            7,956            8,155
           13,810           11,814           10,325
BASF – Report 2009

Deviation between actuarial assumptions and the actual development (million €)
                                                                                   2009
Defined benefit obligation                                                       15,264
  Thereof impact of experience adjustments                                            (2)
Plan assets                                                                      13,810
  Thereof impact of experience adjustments                                         1,120
Funded status                                                                    (1,454)
n €)
         2008      2007     2006      2005
       11,814    12,348   13,164    12,293
            36    (172)     (112)         8
       10,325    12,038   12,115    11,067
       (2,163)    (121)       159       439
       (1,489)    (310)   (1,049)   (1,226)
BASF – Report 2009
Expected payments resulting from pension obligations existing
as of December 31, 2009 (million €)
2010                                                              861
2011                                                              843
2012                                                              845
2013                                                              875
2014                                                              887
2015 through 2019                                               4,938
BASF – Report 2009

Composition of expenses for pension plans (million €)
                                                                   2009
Service cost                                                         244
Amortization of past service cost                                     (3)
Settlement gains                                                   (213)
Expenses for defined benefit plans charged to income from
operations                                                            28
Expenses for defined contribution plans charged to income from
operations                                                          150
Expenses for retirement provision charged to income from
operations                                                           178
Interest cost                                                      (781)
Expected return on plan assets                                       675
Expense(–)/Income(+) from defined benefit plans in the financial
result                                                             (106)
2008
 250
  (3)
 (23)

 224

  86

  310
(655)
  677

  22
BASF – Report 2009
Other provisions

                                                    2009                       2008
                                                           Thereof short-
Million €                                                           term
Recultivation obligations                          846                 2      796
Environmental protection and remediation costs     598               146      377
Personnel costs                                  1,442               873    1,369
Sales and purchase risks                         1,088             1,050    1,282
Restructuring measures                             407               392      105
Legal, damage claims, guarantees and               257               144      164
Other                                            1,927               669    1,707
                                                 6,565             3,276    5,800
2008
       Thereof short-
                term
                   1
                 132
                 947
               1,264
                  83
                  83
                 533
               3,043
BASF – Report 2009

Development of other provisions in 2009 (million €)
                                                                                    Interest
                                                 January 1, 2009   Additions   compounding
Recultivation obligations                                   796          26              35

Environmental protection and remediation costs              377         115               3
Personnel costs                                           1,369       1,043              25
Sales and purchase risks                                  1,282         788               –
Restructuring measures                                      105         374               –
Legal, damage claims, guarantees and related
commitments                                                 164         126               2
Other                                                     1,707         773               –
                                                          5,800       3,245              65
                                          December 31,
Utilization   Reversals   Other changes          2009
      (14)          (4)              7            846

     (187)          (8)            298            598
     (937)         (85)             27          1,442
     (944)         (42)              4          1,088
      (63)         (29)             20            407

     (20)          (41)             26            257
    (612)          (71)            130          1,927
  (2,777)         (280)            512          6,565
BASF – Report 2009

Financial indebtedness (million €)


                                                                                      Effective
                                                                 Nominal volume   interest rate
3.5% Euro Bond 2003/2010 of BASF SE                                      1,000         3.63%
4% Euro Bond 2006/2011 of BASF SE                                        1,000         4.05%
3.375% Euro Bond 2005/2012 of BASF SE                                    1,400         3.42%
3.75% Euro Bond 2009/2012 of BASF SE                                     1,350         3.97%
4.5% Euro Bond 2006/2016 of BASF SE                                        500         4.62%
4.25% Euro Bond 2009/2016 of BASF SE                                       200         4.40%
5.875% GBP Bond 2009/2017 of BASF SE                                       400         6.04%
4.625% Euro Bond 2009/2017 of BASF SE                                      300         4.69%
3 Month EURIBOR Bond 2006/2009 of BASF SE                                  500        variable
3.25% CHF Bond 2008/2011 of BASF Finance Europe N.V.                       300         3.39%
6% Euro Bond 2008/2013 of BASF Finance Europe N.V.                       1,250         6.15%
5% Euro Bond 2007/2014 of BASF Finance Europe N.V.                       1,000         5.09%
5% Euro Bond 2007/2014 of BASF Finance Europe N.V.                         250         4.83%
3.625% CHF Bond 2008/2015 of BASF Finance Europe N.V.                      200         3.77%
5.125% Euro Bond 2009/2015 of BASF Finance Europe N.V.                   1,500         5.30%
5.125% Euro Bond 2009/2015 of BASF Finance Europe N.V.                     500         4.38%
4.5% Euro Medium Term Note 2009/2016 of                                    150         4.56%
USD Extendible Floating Rate Notes of BASF Finance Europe N.V.                         0.30%
3.25% CHF Bond 2006/2012 of Ciba Spezialitätenchemie Finanz                225         3.32%
4.875% Euro Bond 2003/2018 of Ciba Spec. Chem. Finance                     477         4.88%
USD Commercial Paper                                                       703
Other bonds
Bonds and other liabilities to the capital markets
Liabilities to credit institutions
Carrying amounts based on
 effective interest method

        2009            2008
        999              998
        999              999
      1,399            1,398
      1,343                –
        497              496
        198                –
        446                –
        299                –
          –              500
        202              201
      1,244            1,242
        996              996
        252              252
        134              134
      1,488                –
        517                –
        149                –
          3              330
        147                –
        393                –
        487            4,406
        650              621
     12,842           12,573
      1,977            1,941
     14,819           14,514
BASF – Report 2009

Breakdown of financial indebtedness by currency (million €)
                                                                2009
Euro                                                          12,063
U.S. dollar                                                    1,254
British pound                                                    560
Swiss franc                                                      483
Chinese renminbi                                                 336
Argentinean peso                                                  41
Turkish lira                                                      24
Norwegian krone                                                   10
Brazilian real                                                     –
Other                                                             48
                                                              14,819
  2008
 7,876
 5,598
     –
   335
   436
    22
    39
    54
    67
    87
14,514
BASF – Report 2009

Maturities of financial indebtedness (million €)
                                                     2009
Following year 1                                    2,375
Following year 2                                    1,363
Following year 3                                    3,067
Following year 4                                    2,075
Following year 5                                    1,329
Following year 6 and thereafter                     4,610
                                                   14,819
  2008
 6,224
 1,027
 1,401
 1,418
 1,999
 2,445
14,514
BASF – Report 2009

Other liabilities (million €)
                                                           2009                      2008
                                                  Short-term    Long-term   Short-term    Long-term
Advances received on orders                             116            –          116            –
Liabilities on bills                                     52           23           11           27
Liabilities related to social security                  156           30          151           16
Non-trade liabilities to joint venture partners         271          437          334          344
Derivative instruments                                  279            –        1,414            1
Liabilities arising from finance leases                  18           62           15           65
Miscellaneous liabilities                             1,233          164        1,255          301
Deferred income                                         115          182          138          163
                                                      2,240          898        3,434          917
BASF – Report 2009

Secured liabilities (million €)
                                     2009
Liabilities to credit institutions     8
Miscellaneous liabilities             37
                                      45
2008
 35
504
539
BASF – Report 2009

Contingent liabilities (million €)
                                                           2009
Bills of exchange                                            3
  Thereof to affiliated companies                            –
Guarantees                                                 625
  Thereof to affiliated companies                            8
Warranties                                                  73
Granting collateral on behalf of third-party liabilities    17
                                                           718
2008
  4
  –
788
 62
 84
 18
894
BASF – Report 2009

Other financial obligations (million €)
                                                                        2009
Construction in progress                                                3,888
 Thereof purchase commitments                                             556
    for the purchase of intangible assets                                  57
Obligation arising from long-term leases (excluding financing leases)   1,357
Payment and loan commitments and other financial obligations                5
                                                                        5,250
2008
4,753
  803
   99
1,449
1,803
8,005
BASF – Report 2009
Obligations from long-term rental and lease contracts
(excluding financing leases) (million €)
2010                                                      376
2011                                                      207
2012                                                      170
2013                                                      138
2014                                                      117
2015 and thereafter                                       349
                                                        1,357
BASF – Report 2009

Purchase obligations from natural gas and raw material supply contracts (million €)
2010
2011
2012
2013
2014
2015 and thereafter
)
      7,614
      6,451
      6,399
      5,790
      5,464
     86,238
    117,956
BASF – Report 2009

Fair value of options and parameters used as of December 31, 2009 1

                                                                                         BASF option program of the year
                                                                                                   2009
Fair value                                                                           €            23.32
Dividend yield                                                                       %             4.49
Risk-free interest rate                                                              %             3.17
Volatility BASF shares                                                               %            27.25
Volatility MSCI Chemicals                                                            %            19.51
Correlation BASF share price: MSCI Chemicals                                         %            85.35
1 It is assumed that the options will be exercised based upon the potential gains.
SF option program of the year
                             2008
                           21.44
                            4.49
                            2.93
                           26.10
                           18.64
                           84.32
BASF – Report 2009

Number of free shares to be granted
                                           2009
As of January 1                       3,054,104
Newly acquired entitlements             790,820
Bonus shares issued                   (460,151)
Lapsed entitlements                     (88,412)
As of December 31                     3,296,361
     2008
2,899,824
  681,770
(429,284)
  (98,206)
3,054,104
BASF – Report 2009

Carrying amount of non-derivative interest-bearing financial instruments (million €)
                                                     2009                                           2008

                                     Fixed interest rate   Variable interest rate   Fixed interest rate
Loans                                               85                      180                    98
Securities                                           6                       24                     6
Financial indebtedness                          12,976                    1,843                11,940
2008

   Variable interest rate
                    303
                     26
                  2,574
BASF – Report 2009

Nominal and fair value of interest rate and combined interest and cross currency swaps (million €)
                                                             2009                              2008
                                                        Nominal             Fair          Nominal
                                                          value            value            value
Interest rate swaps                                         426              33               150
  Thereof payer swaps                                       426              33               150
Combined interest and cross currency swaps                  948              (1)              384
  Thereof fixed rate                                        934              (1)              326
    variable rate                                            14                .               58
ps (million €)
           2008
                   Fair
                  value
                    (3)
                    (3)
                    31
                    27
                      4
BASF – Report 2009

Exposure to commodity derivatives (million €)
                                                      2009                    2008
                                                             Value at
                                                Exposure        Risk    Exposure
Crude oil, oil products and natural gas              65            8        230
Precious metals                                      31            2         20
Swaps on CO2 emissions certificates                   4            1         10
Agricultural commodities                            129            .          –
                                                    229           11        260
2008
       Value at
          Risk
            49
             1
             1
             –
            51
BASF – Report 2009

Maturities of contractual cash flows from financial liabilities 2009 (million €)

                                       Bonds and other                                Liabilities resulting
                                        liabilities to the   Liabilities to credit        from derivative
                                        capital markets               institutions financial instruments
2010                                              2,042                      920                      327
2011                                              1,721                      187                       20
2012                                              3,368                      206                       16
2013                                              1,798                      675                        –
2014                                              1,515                       43                        –
2015 and thereafter                               5,041                       36                        7
                                                 15,485                    2,067                      370
Miscellaneous
     liabilities
           700
            51
            31
            34
            32
           436
         1,284
BASF – Report 2009

Maturities of contractual cash flows from financial liabilities 2008 (million €)

                                       Bonds and other                                Liabilities resulting
                                        liabilities to the   Liabilities to credit        from derivative
                                        capital markets               institutions financial instruments
2009                                              5,691                      943                    1,497
2010                                              1,318                      186                       19
2011                                              1,501                      201                        2
2012                                              1,631                      104                        –
2013                                              1,531                      619                        –
2014 and thereafter                               2,580                       77                        –
                                                 14,252                    2,130                    1,518
Miscellaneous
     liabilities
         1,012
            75
            31
            33
            31
           313
         1,495
BASF – Report 2009

Carrying value of financial instruments (million €)
                                                                                   2009
Financial assets at fair value through profit or loss                               255
Financial liabilities at fair value through profit or loss                          328
Derivatives designated as hedging instruments under cash flow hedge accounting       36
Loans and receivables                                                             9,531
Cash and cash equivalents                                                         1,835
Available-for-sale financial assets                                               1,369
Liabilities measured at amortized cost                                           19,865
  Thereof financial indebtedness                                                 14,819
  2008
 1,380
 1,333
 (121)
 9,956
 2,776
 1,581
19,600
14,514
BASF – Report 2009

Net gains and losses from financial instruments (million €)
                                                              2009
Receivables and loans                                         (209)
  Thereof interest result                                        89
Available-for-sale financial assets                             (7)
  Thereof interest result                                         1
Liabilities measured at amortized cost                        (499)
  Thereof interest result                                     (612)
Financial instruments at fair value through profit or loss    (361)
2008
  201
  138
 (15)
    1
(911)
(523)
  746
BASF – Report 2009

Fair value of derivative instruments (million €)
                                                                      2009
Foreign currency forward contracts                                    (142)
Currency options                                                         72
Foreign currency derivatives                                           (70)
  Thereof designated hedging instrument as defined by IAS 39 (Hedge
  Accounting)                                                             1
Interest rate swaps                                                     33
Combined interest and cross currency swaps                              (1)
Interest derivatives                                                    32
Commodity derivatives                                                     1
  Thereof designated hedging instrument as defined by IAS 39 (Hedge
  Accounting)                                                           35
2008
 183
 133
 316

    –
  (3)
   31
   28
(418)

(121)
BASF – Report 2009

Leased assets (million €)
                                                     2009
                                       Acquisition cost     Net book value
Land, land rights and buildings                    24                  12
Machinery and technical equipment                 235                  78
Miscellaneous equipment and fixtures               67                  13
                                                  326                 103
              2008
Acquisition cost     Net book value
            20                  13
           223                  96
            73                  18
           316                 127
BASF – Report 2009

Liabilities from finance leases (million €)
                                              2009                                    2008

                       Minimum lease                      Leasing Minimum lease
                            payments Interest portion      liability   payments Interest portion
Following year 1                   23                 5       17              20              5
Following year 2                   27                 4       21              20              5
Following year 3                   16                 5       14              22              5
Following year 4                    7                 2        6              11              2
Following year 5                    6                 2        3               7              2
Over 5 years                       27                 9       19              29             10
                                  106                27       80             108             29
2008

       Leasing
        liability
             15
             14
             18
              9
              4
             20
             80
BASF – Report 2009

Commitments due to operating lease contracts (million €)

                        Nominal value of the future minimum payments
                           December 31, 2009            December 31, 2008
Less than 1 year                          376                        280
1–5 years                                 632                        613
Over 5 years                              349                        556
                                        1,357                      1,449
BASF – Report 2009
Compensation for the Board of Executive Dir. and Supervisory Board

Million €                                                                                   2009
Performance-related and fixed payments to the Board of Executive Directors                  14.8
Market value of options granted to the Board of Executive Directors in the fiscal year on
date of grant                                                                                2.8
Total compensation for the Board of Executive Directors                                     17.6
Service costs of the Board of Executive Directors                                            1.6

Compensation for the Supervisory Board                                                       1.3
Total compensation for former members of the Board of Executive Directors and their
surviving dependents                                                                        12.3
Pension provisions for former members of the Board of Executive Directors and their
surviving dependents                                                                        87.9
Loans to members of the Board of Executive Directors and the Supervisory Board                 –

Guarantees to members of the Board of Executive Directors and the Supervisory Board           –
2008
18.6

 3.7
22.3
 4.3

 2.9

 6.0

83.4
   –

  –
BASF – Report 2009
Services provided by the external auditor

Million €                                   2009
Annual audit                                22.7
 Thereof domestic                            6.6
Audit-related services                       0.4
 Thereof domestic                            0.1
Tax consultation services                       .
 Thereof domestic                              –
Other services                               0.3
 Thereof domestic                            0.3
                                            23.4
2008
19.8
 6.3
 0.4
 0.2
    .
   –
 0.3
 0.3
20.5

								
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