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What are BASF's main areas of activities?
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How many people does BASF employ?
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Which accounting principles does the BASF group use?
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What are the Group’s key figures?
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How is the BASF Group organised?
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What are BASF's main areas of activities?
The portfolio of BASF ranges from Chemicals, Plastics, Performance Products, Functional Solutions and Agricultural Solutions to Oil & Gas.
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How many people does BASF employ?
People from all continents work for BASF in more than 170 countries. At the end of 2007, BASF had approximately 95,000 employees and 2,160 trainees worldwide.
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Which accounting principles does the BASF group use?
The Consolidated Financial Statements are prepared according to the International Financial Reporting Standards (IFRS) since 2005. U.S. genenerally accepted accounting principles (U.S. GAAP) were implemented as far as possible within the scope offered by the accounting and valuation options under IFRS. A reconciliation of net income and stockholders' equity to U.S. GAAP is provided to account for the remaining differences.
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What are the Group’s key figures?
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Million EUR
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2007
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2006
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Change %
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Sales
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57,951
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52,610
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10.2
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Income from operations before interest, taxes, depreciation
and amortization (EBITDA)
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10,225
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9,723
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5.2
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Income from operations (EBIT) before special items
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7,614
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7,257
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4.9
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Income from operations (EBIT)
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7,316
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6,750
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8.4
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Income before taxes and minority interests
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6,935
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6,527
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6.3
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Net income
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4,065
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3,215
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26.4
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Earnings per share (€)
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8.32
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6.37
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30,6
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Dividend per share (€)
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3.90
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10,039
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(55.0)
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Cash provided by operating activities
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5,807
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5,940
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(2.20)
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Additions to long-term assets1
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4,425
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10,039
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(55.9)
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Amortization and depreciation
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2,909
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2,973
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(2.2)
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Return on assets (%)
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16.4
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17.5
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-
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Return on equity after tax (%)
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22.4
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19.2
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-
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Research and development expenses
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1,380
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1,277
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8.1
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1 Including acquisitions
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How is the BASF Group organised?
In 2007, BASF’s 14 operating divisions were aggregated into five segments. The divisions carry the operational responsibility and manage our 67 global and regional business units. As profit centers, the business units are responsible for business operations and are organized along business or product lines. We restructured our segments to mirror similar products, customers and production processes as of January 1, 2008. As a result, investors are better able to assess BASF because we are combining similar businesses in each of our segments and we can align our portfolio with the acquisitions, divestitures and restructuring of the past years.
Our regional divisions contribute to the local development of BASF’s business and help to exploit market potential. These divisions are also responsible for optimizing the regional infrastructure. For reporting purposes, the divisions are grouped into the following four regions: Europe; North America; Asia Pacific; and South America, Africa, Middle East.
Segments- Chemicals
- Plastics
- Performance Products
- Agricultural Products & Nutrition
- Oil & Gas
Regions- Europe
- North America
- Asia Pacific
- South America, Africa, Middle East
Corporate Divisions- Finance
- Legal, Taxes & Insurance
- Strategic Planning & Controlling
Corporate Departments- Communications BASF Group
- Corporate Audit
- Corporate Controlling
- Corporate & Governmental Relations
- Global HR - Executive Management & Development
- Investor Relations
Competence Centers- BASF Plant Science
- Chemicals Research & Engineering
- Environment, Health & Safety
- Global Procurement & Logistics
- Human Resources
- Information Services
- Polymer Research
- Science Relations and Innovation Management
- Specialty Chemicals Research
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