MIRA
INFORM REPORT
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Report Date : |
30.10.2012 |
IDENTIFICATION DETAILS
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Name : |
BASF SE |
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Registered Office : |
Carl-Bosch-Str. 38 |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Year of Establishment : |
1865 |
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Com. Reg. No.: |
6000 |
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Legal Form : |
Public Parent |
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Line of Business : |
Manufacture of other chemical products not elsewhere classified |
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No. of Employees : |
111,995 |
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RATING & COMMENTS
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MIRAs Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GERMANY - ECONOMIC OVERVIEW
The German economy - the
fifth largest economy in the world in PPP terms and Europe's largest - is a
leading exporter of machinery, vehicles, chemicals, and household equipment and
benefits from a highly skilled labor force. Like its Western European neighbors,
Germany faces significant demographic challenges to sustained long-term growth.
Low fertility rates and declining net immigration are increasing pressure on
the country's social welfare system and necessitate structural reforms. Reforms
launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed
necessary to address chronically high unemployment and low average growth,
contributed to strong growth in 2006 and 2007 and falling unemployment. These
advances, as well as a government subsidized, reduced working hour scheme, help
explain the relatively modest increase in unemployment during the 2008-09
recession - the deepest since World War II - and its decrease to 6.0% in 2011.
GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The
recovery was attributable primarily to rebounding manufacturing orders and
exports - increasingly outside the Euro Zone. Germany's central bank projects
that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone
financial crisis and the financial burden it places on Germany as well as
falling demand for German exports. Domestic demand is therefore becoming a more
significant driver of Germany's economic expansion. Stimulus and stabilization
efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela
MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but
slower spending and higher tax revenues reduce the deficit to 1.7% in 2011,
below the EU's 3% limit. A constitutional amendment approved in 2009 limits the
federal government to structural deficits of no more than 0.35% of GDP per
annum as of 2016. Following the March 2011 Fukushima nuclear disaster,
Chancellor Angela Merkel announced in May 2011 that eight of the country's 17
nuclear reactors would be shut down immediately and the remaining plants would
close by 2022. Germany hopes to replace nuclear power with renewable energy.
Before the shutdown of the eight reactors, Germany relied on nuclear power for
23% of its energy and 46% of its base-load electrical production.
Source
: CIA
Company name and address
BASF SE
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Business
Description
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BASF SE is a Germany-based chemical company. It diversifies its
activities into six business segments: Chemicals, providing basic products
and specialties including nitric acid and methanol, basic chemicals including
ethylene and butadiene and intermediates, among others; Plastics, providing
engineering plastics, polyamides and polyurethane solutions, among others;
Performance Products, providing products for the coatings and paints
industry, cosmetics, detergents and cleaners industry, vitamins and enzymes,
products for the paper industry and performance chemicals, among others;
Functional Solutions, which develops coating products, catalysts and concrete
admixtures, among others; Agricultural Solutions, providing active
ingredients and formulations for the improvement of crop health and yields,
and Oil & Gas business segment, which is bundled in the Wintershall
Group, is engaged in the exploration and production of crude oil and natural
gas and trading. For the six months ended 30 June 2012, BASF SE revenues
increased 6% to EUR40.07B. Net income decreased 24% to EUR2.95B. Revenues
reflect Oil & Gas segment increase of 45% to EUR8.56B, Agricultural Products
segment increase of 15% to EUR2.79B, Other European Countries segment
increase of 12% to EUR14.26B, Germany segment increase of 7% to EUR8.18B. Net
income was offset by Chemicals segment income decrease of 38% to EUR902M. |
Industry
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Industry |
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ANZSIC 2006: |
1899 - Other Basic Chemical Product Manufacturing
Not Elsewhere Classified |
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NACE 2002: |
2466 - Manufacture of other chemical products not
elsewhere classified |
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NAICS 2002: |
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UK SIC 2003: |
2466 - Manufacture of other chemical products not
elsewhere classified |
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UK SIC 2007: |
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US SIC 1987: |
2899 - Chemicals and Chemical Preparations, Not
Elsewhere Classified |
Key Executives
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Significant
Developments
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Financial
Summary
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Stock
Snapshot
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
Corporate Overview
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BASF SE The Strategic Initiatives report is created using technology to
extract meaningful insights from analyst reports about a company's strategic
projects and investments. More about Strategic Initiatives
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Partnerships |
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In March 2011, the company entered into a joint venture agreement with
Evolva Holding SA to develop compounds applied to protect crops. It also
collaborated with EverkinetIQ International, Pekago and Albis to develop its
first small wind turbine in the PIQO Series with the aid of Luran S KR 2858
G3, an ASA resin. Such acquisitions and partnerships enhance the company’s
expansion strategy through which it can enhance its revenue.Asia Pacific
Strategy 2020BASF aims to increase and strengthen its presence in Chemicals
market in the emerging economies of Asia. By 2020, it aims to double its
sales to €20m in the Asia-Pacific region. The company plans to exceed the
annual growth of 4% - 5% in the chemical market by two percentage points in
both Asia and China. |
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Planning |
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These legal actions, regardless of the
outcome, could drain the company’s financial resources and divert the time
and effort of its management. Additionally, some environmental, health and
safety laws might arise retroactively, affecting the company on the basis of its
past operations. The company's involvement in such claims not only
black-lists its reputation, but also result in additional costs and valuable
time for the company in defending them.strategic initiativesBASF strengthens
its existing businesses with strategic initiatives. In April 2012, the
company invested nearly €150 million in new production site for polymer
dispersions, polyurethanes, and care chemicals. Through this new production
site, the company aims to ensure local supply for growing markets and
industries such as appliances, construction, adhesives, architectural
coatings, footwear, automotive, paper and personal care. |
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Product |
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Its return on capital employed was 19.2%
in fiscal year ended 2011, compared to 17.7% in 2010. Also, the company’s
return on assets and return on fixed assets improved in 2011, over that in
2010. Improved profitability ratios indicate the company’s sturdy
performance and its ability to deliver returns expected by its
shareholders.Strong Research and Development ActivitiesResearch and
Development (R&D) is one of the key foundations of BASF’s strategy. For
the fiscal year ended 2011, the company spent €1,605m on its R&D
activities. In 2011, the company spent 8.2% of its total R&D expenses on
chemicals, 9.3% on plastics, 20.6% on performance products, 12% on functional
solutions, 25.7% on agricultural solutions, 1.4% on oil and gas and 22.9% on
other research activities. |
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Sales and Distribution |
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Such acquisitions and partnerships enhance
the company’s expansion strategy through which it can enhance its
revenue.Asia Pacific Strategy 2020BASF aims to increase and strengthen its
presence in Chemicals market in the emerging economies of Asia. By 2020, it
aims to double its sales to €20m in the Asia-Pacific region. The company
plans to exceed the annual growth of 4% - 5% in the chemical market by two
percentage points in both Asia and China. Global changes, such as energy
demand, population growth and urbanization are opening opportunities for new
markets. It also intends to reorganize its business in the Japanese markets. |
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It also intends to reorganize its business
in the Japanese markets. Through local production and investment in Asia, it
aims to generate 70% of sales in Asia Pacific region. The company plans to
invest €2 billion for 2010-2014, which includes the expansion of Nanjing
Verbund site for the Chinese market and investment in new world-scale MDI
plant in Chongqing, China.Competitive PressuresIncreased competition may lead
the company to reduce prices, which could affect its margins. The company
operates in a progressively more complex, highly competitive and challenging
chemical marketplace whose dynamics are ever-changing. Technological advances
by any player in the market could render its present or future products
obsolete or uneconomical. |
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We aim to increase sales volumes and
exceed the record levels of sales and income from operations that we posted
in 2011. Crude oil production in Libya, which we have already resumed, as
well as growing volumes in the chemicals businesses, will contribute to the
rise in earnings. Successful strategy updated Margret Suckale and Michael
Heinz joined the Board of Executive Directors in May 2011. The new Board team
introduced the updated “We create chemistry” strategy at the end of
November. It shows how we intend to take advantage of the long-term
opportunities presented by our markets to continue to grow faster than
chemical production and, above all, to increase our profitability even
further. |
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Overview
BASF SE (BASF) is one of the largest chemical companies in the world. The
company carries out its operations through six business segments, namely,
Chemicals, Plastics, Performance Products, Functional Solutions, Agricultural
Solutions, and Oil and Gas. The company's diversified business operations
enables it to serve the varying needs of its customer across the world. BASF
operates in all the major geographies such as Europe, North America, South
America, Africa and Asia-Pacific. Its global presence led the company to cater
to broader markets and reduce the risks associated with adverse economic and
political developments in any particular region. However, increasing
competitive risks could be detrimental to its operations, if the company fails
to evaluate them properly.
Strengths
Strong Foothold in the Chemical Industry
BASF is the one of the world’s leading chemical companies with
presence in nearly all the countries. It is one of the largest operating
companies with 292 companies, 24 joint ventures and 13 additional companies
included using the equity method. It holds approximately six verbund sites and
370 production sites worldwide. The company’s subsidiaries are located in
more than 80 countries. The six reportable business segments comprise 15
divisions which manage the company’s 70 global and regional business units.
Its product portfolio ranges from chemicals, glues and electronic chemicals for
flat panel display and the semiconductor industry, to solvents and
plasticizers, and materials for detergents, paints, plastics, textile fibers,
coatings and pharmaceuticals. Its products cater to various industries
including chemical, electronics, construction, textile, automotive,
pharmaceutical and agriculture. The company operates the world’s largest
integrated chemical site in Ludwigshafen. With such a leadership in its areas
of operations, the company is well placed for the future.
The company reported an operating profit of €8,586m for the fiscal
year ended 2011, an increase of 10.63% over 2010. The improved operating profit
led to increased net profit. It reported net profit of €6,188m for the fiscal
year ended 2011, an increase of 35.79% over 2010. The improved operating and
net profits resulted in increased profitability ratios. The company also
reported increased return on equity (ROE) in 2011. Its ROE was 25.63% for
fiscal year ended 2011, compared to 21.29% in 2010. Its return on capital
employed was 19.2% in fiscal year ended 2011, compared to 17.7% in 2010. Also,
the company’s return on assets and return on fixed assets improved in 2011,
over that in 2010. Improved profitability ratios indicate the company’s
sturdy performance and its ability to deliver returns expected by its
shareholders.
Strong Research and Development Activities
Research and Development (R&D) is one of the key foundations of
BASF’s strategy. For the fiscal year ended 2011, the company spent €1,605m
on its R&D activities. In 2011, the company spent 8.2% of its total R&D
expenses on chemicals, 9.3% on plastics, 20.6% on performance products, 12% on
functional solutions, 25.7% on agricultural solutions, 1.4% on oil and gas and
22.9% on other research activities. The company’s major research sites are
present in Europe (Ludwigshafen, Basel, Munster, Trostberg, Lemforde), North
America (Research Triangle Park, Iselin, Wyandotte, Tarrytown), Asia Pacific
(Shanghai, Singapore, Chandivali) and South America, Africa, Middle East
(Guaratingueta). The company’s knowledge and competence centers include four
central technology platforms such as polymer research, specialty chemicals
research, chemicals research and engineering, and plant biotechnology research.
The company’s project portfolio comprised of 2,800 projects in 2011. BASF
aims for sales of up to €30 billion from product innovations in 2020. In
2011, the company filed for approximately 1,050 new patents worldwide. Strong
R&D helps BASF bring new solutions to a wide variety of markets and
maintain its competitive edge.
Diversified Business Operations
The company operates diversified businesses across various geographic
markets. It operates six business segments, namely, Chemicals, Plastics,
Performance Products, Functional Solutions, Agricultural solutions, and Oil and
Gas. For the fiscal year ended 2011, the segments contributed 17.6% (chemicals),
15% (plastics), 21.4% (performance products), 15.5% (functional solutions),
5.7% (agricultural solutions), 16.4% (oil and gas) and 8.5% (others) of the
company’s total revenue. Geographically, the company operates in six regions,
namely, Europe, North America, Asia-Pacific and South America, Africa, Middle
East. For the fiscal year ended 2011, Europe accounted for 55.83% of the
company's total revenue, followed by North America with 20.04%, Asia Pacific
with 18.12% and South America, Africa, Middle East 6.01% revenue.
Diversification helps the company to increase its position in the market and
maintain its revenues by adjusting losses from one business segment with
profits in other business segment. Business and geographic diversification will
enable BASF to generate noteworthy revenue maintaining its market positions
intact.
Weaknesses
BASF’s involvement in legal proceedings, regardless of the outcome,
could drain its financial resources. A total of 35 class action lawsuits, among
others were filed against the company in US courts since 2005. The company has
been charged with allegations of violated antitrust laws on price fixing for
the sales of TDI, MDI and polyether polyols. The class certification for the
class action law suits has been granted and the discovery process is currently
ongoing. Two plaintiffs are also pursuing their claim outside of the class
action process in parallel suits against the company. In September 2011, the
company settled the class action lawsuits with the payment of $51m. The company
and its affiliates are also defendants in various judicial and arbitrational
proceedings. These legal actions, regardless of the outcome, could drain the
company’s financial resources and divert the time and effort of its
management. Additionally, some environmental, health and safety laws might
arise retroactively, affecting the company on the basis of its past operations.
The company's involvement in such claims not only black-lists its reputation,
but also result in additional costs and valuable time for the company in
defending them.
Opportunities
BASF strengthens its existing businesses with strategic initiatives. In
April 2012, the company invested nearly €150 million in new production site
for polymer dispersions, polyurethanes, and care chemicals. Through this new
production site, the company aims to ensure local supply for growing markets
and industries such as appliances, construction, adhesives, architectural
coatings, footwear, automotive, paper and personal care. In March 2012, the
company and Petronas entered into agreement for the development of new project
in Pengerang, Malaysia. Through this agreement, the partners plan to establish
a new entity to jointly own, develop, construct and operate production
facilities for isononanol, highly reactive polyisobutylene, non-ionic
surfactants, methanesulfonic acid, and plants for precursor materials. In
February 2012, the company established white biotechnology research lab in the
U.S. During the same month, the company established a new world-scale
production plant with a annual capacity of 60,000 metric tons per year for
sodium methylate in Guaratingueta, Brazil. This plant will strengthen the
company's competitive position in the fast-growing market for biodiesel in
South America. In December 2011, the company opened a new office in Nairobi,
Kenya, to serve its customers in East Africa and Sub-Sahara. Such initiatives
could help the company to further strengthen its business.
Strategic Acquisition and Agreements
Strategic acquisitions and partnerships help the company in increasing
its production capabilities and capturing new markets. In April 2012, the
company acquired Novolyte Technologies, a manufacturer of electrolyte
formulations for lithium-ion batteries. The acquisition helps the company to
strengthen its footprint and technology position in the North American market.
In March 2012, the company entered into a licensing agreement with LiFePO4+C
Licensing AG for the global production and sale of lithium iron phosphate (LFP)
battery materials technology. It also acquired PET foam business from
Italy-based B.C. Foam S.p.A. In February 2012, the company acquired Ovonic
Battery Company, a wholly owned subsidiary of Energy Conversion Devices Inc. In
January 2012, BASF signed a three year agreement with Teck Resources Limited
for the development of zinc fortification and supplementation solutions. In
March 2011, the company entered into a joint venture agreement with Evolva
Holding SA to develop compounds applied to protect crops. It also collaborated
with EverkinetIQ International, Pekago and Albis to develop its first small
wind turbine in the PIQO Series with the aid of Luran S KR 2858 G3, an ASA
resin. Such acquisitions and partnerships enhance the company’s expansion
strategy through which it can enhance its revenue.
BASF aims to increase and strengthen its presence in Chemicals market in
the emerging economies of Asia. By 2020, it aims to double its sales to €20m
in the Asia-Pacific region. The company plans to exceed the annual growth of 4%
- 5% in the chemical market by two percentage points in both Asia and China.
Global changes, such as energy demand, population growth and urbanization are
opening opportunities for new markets. It also intends to reorganize its
business in the Japanese markets. Through local production and investment in
Asia, it aims to generate 70% of sales in Asia Pacific region. The company
plans to invest €2 billion for 2010-2014, which includes the expansion of
Nanjing Verbund site for the Chinese market and investment in new world-scale
MDI plant in Chongqing, China.
Threats
Increased competition may lead the company to reduce prices, which could
affect its margins. The company operates in a progressively more complex,
highly competitive and challenging chemical marketplace whose dynamics are
ever-changing. Technological advances by any player in the market could render
its present or future products obsolete or uneconomical. The existing market
includes companies of varying sizes; some of them more specialized than the
company in particular commodities, and some with greater financial resources
than the company. Its key competitors include The Dow Chemical Company,
Huntsman Corporation, Clariant Chemicals (India) Limited and Bayer AG. The
company competes in this evolving marketplace on the basis of many factors
including price, quality, innovation, service, reputation, distribution and
promotion.
Competition with the low cost petrochemicals of the Middle East could
affect the company’s performance. In the past decade, a major differential
has opened up in the prices of ethane and naphtha globally. The growth of the
Middle East petrochemical industry brought more petrochemicals based on ethane
feedstock in the market. Due to the region’s vast gas resources, ethane is
supplied at a price of less than a dollar/million BTU to the region’s
producers. On the contrary, the US gas producers have to shell out a price in
the range of $3-5/million BTU. Moreover, the Asian and European producers use
naphtha as the key feedstock, whose prices fluctuate with that of the crude
oil. This gave the Middle East producers a huge competitive advantage over
producers from other regions. The European and North American producers are the
most affected, as they find it increasingly difficult to compete with low cost
petrochemicals from the Middle East.
Challenge of Environmental Regulations
BASF could be affected by the environmental regulations governing the
global chemical industry. REACH (Registration Evaluation and Authorization of
Chemicals), in Europe, is an example of the stringent environmental regulations
that impact chemical producers. REACH regulates the products manufactured and
marketed in Europe. Phased over a period of 11 years, the regulation mandates
all companies to develop and submit dossiers containing datasets about their
chemical products and detail their potential impact and risk on environment.
This could be a challenge while launching new products as the process is
time-consuming and expensive. It may also result in phasing out many existing
chemicals from the market, which are regarded as toxic and hazardous. REACH
directly applies to over 30,000 different chemical substances that are produced
or sold in Europe and its implementation is expected to cost European chemical
industry about $3 billion. Other countries too are expected to model their
regulations on the principles of REACH. The US has already begun implementing
similar regulations with the reform of Toxic Substances Control Act. China has
its own version: RoHS (Restriction of Hazardous Substances), which restricts
the use of certain chemicals in the market. Such stringent environmental
regulations are set to tighten in the coming years, affecting both existing and
new products for the company.
Corporate Structure News
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BASF SE |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Ludwigshafen Am Rhein |
Germany |
Chemical Manufacturing |
102,194.2 |
111,995 |
|
|
Subsidiary |
Ludwigshafen |
Germany |
Electronic Instruments and Controls |
|
30,000 |
|
|
Division |
Munster |
Germany |
Miscellaneous Financial Services |
|
18,000 |
|
|
Subsidiary |
Tortuguitas |
Argentina |
Chemical Manufacturing |
|
2,000 |
|
|
Subsidiary |
Tultitlán, Estado de México |
Mexico |
Chemical Manufacturing |
|
375 |
|
|
Subsidiary |
Cape Town |
South Africa |
Chemical Manufacturing |
|
340 |
|
|
Subsidiary |
Jaboatao |
Brazil |
Chemical Manufacturing |
|
250 |
|
|
Subsidiary |
Calamba |
Philippines |
Chemical Manufacturing |
|
210 |
|
|
Subsidiary |
Deeside |
United Kingdom |
Fabricated Plastic and Rubber |
92.6 |
112 |
|
|
Subsidiary |
Cesano Maderno, MB |
Italy |
Chemicals - Plastics and Rubber |
113.7 |
109 |
|
|
Subsidiary |
Eugendorf |
Austria |
Chemical Manufacturing |
|
80 |
|
|
Subsidiary |
Eugendorf |
Austria |
Chemical Manufacturing |
30.8 |
70 |
|
|
Subsidiary |
Gothenburg |
Sweden |
Chemical Manufacturing |
50.6 |
47 |
|
|
Subsidiary |
Bratislava |
Slovakia |
Chemical Manufacturing |
|
40 |
|
|
Subsidiary |
Vanderbijlpark |
South Africa |
Chemical Manufacturing |
|
28 |
|
|
Subsidiary |
Ljubljana |
Slovenia |
Chemical Manufacturing |
8.0 |
25 |
|
|
Subsidiary |
Castle Hill, NSW |
Australia |
Chemical Manufacturing |
3.3 |
25 |
|
|
Subsidiary |
Maarssen |
Netherlands |
Miscellaneous Financial Services |
|
2 |
|
|
Subsidiary |
Kobylnica |
Poland |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Sonora |
Mexico |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Navi Mumbai |
India |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Mumbai |
India |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Wadenswil |
Switzerland |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Florham Park, NJ |
United States |
Miscellaneous Financial Services |
54,808.0 |
16,000 |
|
|
Branch |
Somerset, NJ |
United States |
Oil and Gas Operations |
43.8 |
109,140 |
|
|
Facility |
Geismar, LA |
United States |
Chemical Manufacturing |
|
1,400 |
|
|
Facility |
Freeport, TX |
United States |
Chemical Manufacturing |
494.1 |
1,100 |
|
|
Branch |
Geismar, LA |
United States |
Chemical Manufacturing |
549.0 |
1,000 |
|
|
Facility |
Wyandotte, MI |
United States |
Containers and Packaging |
|
1,000 |
|
|
Subsidiary |
Resrch Trngle Pk, NC |
United States |
Biotechnology and Drugs |
|
650 |
|
|
Branch |
Union, NJ |
United States |
Biotechnology and Drugs |
|
100 |
|
|
Branch |
Ames, IA |
United States |
Business Services |
|
20 |
|
|
Branch |
Sycamore, IL |
United States |
Business Services |
|
20 |
|
|
Branch |
Dinuba, CA |
United States |
Biotechnology and Drugs |
|
9 |
|
|
Branch |
Estherville, IA |
United States |
Biotechnology and Drugs |
|
7 |
|
|
Branch |
Olivia, MN |
United States |
Business Services |
|
4 |
|
|
Branch |
Canton, MS |
United States |
Business Services |
0.7 |
3 |
|
|
Branch |
Seymour, IL |
United States |
Biotechnology and Drugs |
|
3 |
|
|
Branch |
Huntsville, AL |
United States |
Chemical Manufacturing |
72.6 |
525 |
|
|
Subsidiary |
Rochester Hills, MI |
United States |
Electronic Instruments and Controls |
|
500 |
|
|
Unit |
Charlotte, NC |
United States |
Chemical Manufacturing |
|
270 |
|
|
Unit |
Charlotte, NC |
United States |
Chemical Manufacturing |
|
210 |
|
|
Branch |
Chattanooga, TN |
United States |
Chemical Manufacturing |
71.4 |
130 |
|
|
Branch |
Sparta, TN |
United States |
Chemical Manufacturing |
63.1 |
115 |
|
|
Branch |
Chattanooga, TN |
United States |
Chemical Manufacturing |
11.5 |
21 |
|
|
Branch |
Medway, MA |
United States |
Biotechnology and Drugs |
|
9 |
|
|
Branch |
North Charleston, SC |
United States |
Chemical Manufacturing |
5.0 |
5 |
|
|
Subsidiary |
México, D.F. |
Mexico |
Chemical Manufacturing |
350.0 |
250 |
|
|
Facility |
Newport, DE |
United States |
Chemical Manufacturing |
212.0 |
250 |
|
|
Branch |
Suffolk, VA |
United States |
Chemical Manufacturing |
135.0 |
250 |
|
|
Branch |
Elyria, OH |
United States |
Retail (Specialty) |
35.2 |
175 |
|
|
Unit |
Tarrytown, NY |
United States |
Chemical Manufacturing |
1,141.0 |
150 |
|
|
Division |
High Point, NC |
United States |
Chemical Manufacturing |
1.6 |
3 |
|
|
Subsidiary |
Mississauga, ON |
Canada |
Chemical Manufacturing |
182.8 |
150 |
|
|
Facility |
West Memphis, AR |
United States |
Chemical Manufacturing |
238.3 |
135 |
|
|
Facility |
Evans City, PA |
United States |
Chemical Manufacturing |
|
133 |
|
|
Facility |
Ambler, PA |
United States |
Chemical Manufacturing |
|
125 |
|
|
Facility |
Pasadena, TX |
United States |
Chemical Manufacturing |
|
125 |
|
|
Branch |
Erie, PA |
United States |
Chemical Manufacturing |
37.5 |
117 |
|
|
Facility |
Monaca, PA |
United States |
Chemical Manufacturing |
0.6 |
115 |
|
|
Facility |
Greenville, OH |
United States |
Chemical Manufacturing |
81.8 |
104 |
|
|
Branch |
Levittown, PA |
United States |
Chemical Manufacturing |
41.2 |
75 |
|
|
Facility |
Washington, NJ |
United States |
Chemical Manufacturing |
35.7 |
65 |
|
|
Branch |
East Newark, NJ |
United States |
Chemical Manufacturing |
31.4 |
60 |
|
|
Branch |
Hartwell, GA |
United States |
Construction - Supplies and Fixtures |
27.7 |
60 |
|
|
Subsidiary |
Malcom, IA |
United States |
Chemicals - Plastics and Rubber |
43.1 |
50 |
|
|
Branch |
Houston, TX |
United States |
Chemical Manufacturing |
27.5 |
50 |
|
|
Unit |
Central, SC |
United States |
Chemical Manufacturing |
10.2 |
45 |
|
|
Branch |
Fremont, CA |
United States |
Semiconductors |
22.8 |
40 |
|
|
Unit |
Plymouth, MN |
United States |
Containers and Packaging |
|
40 |
|
|
Branch |
Edison, NJ |
United States |
Chemical Manufacturing |
35.0 |
35 |
|
|
Branch |
Mobile, AL |
United States |
Chemical Manufacturing |
33.0 |
33 |
|
|
Branch |
Streetsboro, OH |
United States |
Chemical Manufacturing |
30.0 |
30 |
|
|
Facility |
La Grange, IL |
United States |
Chemical Manufacturing |
0.2 |
30 |
|
|
Unit |
Budd Lake, NJ |
United States |
Chemicals - Plastics and Rubber |
|
28 |
|
|
Branch |
Troy, MI |
United States |
Chemical Manufacturing |
11.5 |
21 |
|
|
Facility |
Spartanburg, SC |
United States |
Chemical Manufacturing |
11.5 |
21 |
|
|
Branch |
Louisville, KY |
United States |
Chemical Manufacturing |
11.5 |
21 |
|
|
Branch |
Seabrook, TX |
United States |
Chemical Manufacturing |
11.5 |
21 |
|
|
Branch |
Los Angeles, CA |
United States |
Chemical Manufacturing |
11.5 |
21 |
|
|
Branch |
Toms River, NJ |
United States |
Chemical Manufacturing |
11.0 |
20 |
|
|
Branch |
Sanders, AZ |
United States |
Metal Mining |
9.0 |
20 |
|
|
Branch |
Orange, CA |
United States |
Fabricated Plastic and Rubber |
6.1 |
20 |
|
|
Unit |
Charlotte, NC |
United States |
Business Services |
|
20 |
|
|
Facility |
Tucson, AZ |
United States |
Chemical Manufacturing |
0.6 |
13 |
|
|
Branch |
Buena Park, CA |
United States |
Retail (Home Improvement) |
3.5 |
12 |
|
|
Branch |
Dalton, GA |
United States |
Chemical Manufacturing |
10.0 |
10 |
|
|
Subsidiary |
Lansing, MI |
United States |
Chemical Manufacturing |
5.5 |
10 |
|
|
Branch |
Somerset, NJ |
United States |
Oil and Gas Operations |
43.8 |
9 |
|
|
Branch |
Stony Brook, NY |
United States |
Biotechnology and Drugs |
|
9 |
|
|
Branch |
Los Angeles, CA |
United States |
Chemicals - Plastics and Rubber |
8.6 |
8 |
|
|
Branch |
Troy, MI |
United States |
Chemicals - Plastics and Rubber |
8.6 |
8 |
|
|
Branch |
Portland, OR |
United States |
Medical Equipment and Supplies |
2.6 |
8 |
|
|
Branch |
Wilmington, MA |
United States |
Miscellaneous Capital Goods |
2.1 |
8 |
|
|
Branch |
St Cloud, FL |
United States |
Retail (Specialty) |
1.2 |
6 |
|
|
Branch |
Batavia, IL |
United States |
Retail (Specialty) |
1.2 |
6 |
|
|
Branch |
Appleton, WI |
United States |
Retail (Specialty) |
1.2 |
6 |
|
|
Branch |
Belvidere, NJ |
United States |
Chemical Manufacturing |
5.0 |
5 |
|
|
Branch |
Port Arthur, TX |
United States |
Chemical Manufacturing |
5.0 |
5 |
|
|
Branch |
Fountain Inn, SC |
United States |
Chemical Manufacturing |
5.0 |
5 |
|
|
Branch |
Channelview, TX |
United States |
Chemical Manufacturing |
5.0 |
5 |
|
|
Branch |
Kingwood, TX |
United States |
Chemical Manufacturing |
5.0 |
5 |
|
|
Branch |
Pasadena, TX |
United States |
Chemical Manufacturing |
5.0 |
5 |
|
|
Branch |
Riverview, MI |
United States |
Chemical Manufacturing |
5.0 |
5 |
|
|
Branch |
La Porte, TX |
United States |
Chemical Manufacturing |
5.0 |
5 |
|
|
Branch |
Somerset, NJ |
United States |
Chemical Manufacturing |
5.0 |
5 |
|
|
Branch |
Edison, NJ |
United States |
Chemical Manufacturing |
5.0 |
5 |
|
|
Branch |
Homer, IL |
United States |
Chemical Manufacturing |
5.0 |
5 |
|
|
Branch |
Bristol, PA |
United States |
Chemical Manufacturing |
5.0 |
5 |
|
|
Branch |
Greenville, OH |
United States |
Chemical Manufacturing |
5.0 |
5 |
|
|
Branch |
Lincoln, NE |
United States |
Chemical Manufacturing |
3.8 |
4 |
|
|
Branch |
Houston, TX |
United States |
Business Services |
0.5 |
4 |
|
|
Branch |
Holly Springs, NC |
United States |
Chemical Manufacturing |
3.0 |
3 |
|
|
Branch |
Shreveport, LA |
United States |
Retail (Specialty) |
0.6 |
3 |
|
|
Branch |
Carrollton, TX |
United States |
Retail (Specialty) |
0.6 |
3 |
|
|
Branch |
Jacksonville, FL |
United States |
Retail (Specialty) |
0.6 |
3 |
|
|
Branch |
Houston, TX |
United States |
Retail (Specialty) |
0.6 |
3 |
|
|
Branch |
Waseca, MN |
United States |
Chemical Manufacturing |
1.0 |
1 |
|
|
Branch |
Southington, CT |
United States |
Chemical Manufacturing |
1.0 |
1 |
|
|
Branch |
Spring, TX |
United States |
Chemical Manufacturing |
0.5 |
1 |
|
|
Branch |
Snellville, GA |
United States |
Fabricated Plastic and Rubber |
0.2 |
1 |
|
|
Branch |
Morehead, KY |
United States |
Personal Services |
0.1 |
1 |
|
|
Facility |
Livonia, MI |
United States |
Chemical Manufacturing |
|
|
|
|
Facility |
Appleton, WI |
United States |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Iselin, NJ |
United States |
Chemical Manufacturing |
494.1 |
7,100 |
|
|
Division |
Iselin, NJ |
United States |
Chemical Manufacturing |
|
2,100 |
|
|
Branch |
Gordon, GA |
United States |
Chemical Manufacturing |
198.9 |
1,100 |
|
|
Joint Venture |
Tokyo |
Japan |
Chemical Manufacturing |
924.1 |
630 |
|
|
Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Apparel and Accessories |
2.2 |
5 |
|
|
Subsidiary |
Hannover, Niedersachsen |
Germany |
Auto and Truck Parts |
135.1 |
530 |
|
|
Division |
Iselin, NJ |
United States |
Chemical Manufacturing |
|
331 |
|
|
Branch |
Wyandotte, MI |
United States |
Chemical Manufacturing |
40.2 |
300 |
|
|
Division |
Iselin, NJ |
United States |
Chemical Manufacturing |
|
180 |
|
|
Facility |
Quincy, FL |
United States |
Chemical Manufacturing |
215.4 |
176 |
|
|
Subsidiary |
Stony Brook, NY |
United States |
Biotechnology and Drugs |
|
150 |
|
|
Subsidiary |
Lyon |
France |
Chemical Manufacturing |
85.5 |
149 |
|
|
Division |
Pasadena, TX |
United States |
Chemical Manufacturing |
|
130 |
|
|
Subsidiary |
London |
United Kingdom |
Personal and Household Products |
22.0 |
104 |
|
|
Subsidiary |
Cheadle |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Branch |
Savannah, GA |
United States |
Chemical Manufacturing |
31.5 |
100 |
|
|
Subsidiary |
Stony Brook, NY |
United States |
Chemical Manufacturing |
|
100 |
|
|
Subsidiary |
Rochester Hills, MI |
United States |
Electronic Instruments and Controls |
|
93 |
|
|
Branch |
Troy, MI |
United States |
Electronic Instruments and Controls |
6.1 |
8 |
|
|
Facility |
East Windsor, CT |
United States |
Chemical Manufacturing |
51.8 |
73 |
|
|
Branch |
Vidalia, LA |
United States |
Chemical Manufacturing |
21.4 |
68 |
|
|
Branch |
Duncan, SC |
United States |
Miscellaneous Fabricated Products |
8.0 |
31 |
|
|
Branch |
Cleveland, OH |
United States |
Chemical Manufacturing |
11.5 |
21 |
|
|
Branch |
Port Allen, LA |
United States |
Chemical Manufacturing |
7.3 |
15 |
|
|
Branch |
Aberdeen, MS |
United States |
Chemical Manufacturing |
7.3 |
15 |
|
|
Branch |
Sanders, AZ |
United States |
Chemical Manufacturing |
2.0 |
4 |
|
|
Subsidiary |
Zug |
Switzerland |
Retail (Specialty) |
|
4 |
|
|
Branch |
Upper St Clair, PA |
United States |
Chemical Manufacturing |
0.3 |
1 |
|
|
Subsidiary |
Roma |
Italy |
Chemical Manufacturing |
1.0 |
|
|
|
Subsidiary |
London |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Cinderford |
United Kingdom |
Metal Mining |
921.1 |
70 |
|
|
Subsidiary |
London |
United Kingdom |
Personal and Household Products |
|
|
|
|
Subsidiary |
Purmerend, Noord-Holland |
Netherlands |
Jewelry and Silverware |
|
|
|
|
Subsidiary |
|
|
|
|
|
|
|
Subsidiary |
Maharashtra |
India |
Miscellaneous Capital Goods |
|
|
|
|
Unit |
Iselin, NJ |
United States |
Metal Mining |
|
|
|
|
Unit |
Iselin, NJ |
United States |
Miscellaneous Capital Goods |
|
|
|
|
Unit |
Iselin, NJ |
United States |
Chemical Manufacturing |
|
|
|
|
Unit |
Iselin, NJ |
United States |
Chemical Manufacturing |
|
|
|
|
Unit |
Iselin, NJ |
United States |
Chemical Manufacturing |
|
|
|
|
Unit |
Iselin, NJ |
United States |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Trostberg, Bayern |
Germany |
Miscellaneous Financial Services |
|
7,100 |
|
|
Facility |
Frankfurt am Main |
Germany |
Chemical Manufacturing |
|
7,685 |
|
|
Holding |
Shanghai |
China |
Construction - Raw Materials |
|
1,000 |
|
|
Unit |
Tokyo |
Japan |
Construction - Raw Materials |
|
400 |
|
|
Unit |
Nant'ou |
Taiwan |
Retail (Home Improvement) |
|
100 |
|
|
Unit |
Singapore |
Singapore |
Retail (Home Improvement) |
|
60 |
|
|
Subsidiary |
Seven Hills , NSW |
Australia |
Retail (Home Improvement) |
6.7 |
40 |
|
|
Subsidiary |
Kelang, Selangor Darul Ehsan |
Malaysia |
Retail (Home Improvement) |
|
40 |
|
|
Subsidiary |
Auckland |
New Zealand |
Retail (Home Improvement) |
2.5 |
8 |
|
|
Unit |
Tsuen Wan, NT |
Hong Kong |
Retail (Home Improvement) |
|
30 |
|
|
Subsidiary |
Cleveland, OH |
United States |
Chemical Manufacturing |
2,027.0 |
250 |
|
|
Subsidiary |
Shakopee, MN |
United States |
Chemical Manufacturing |
|
113 |
|
|
Branch |
Mc Intyre, GA |
United States |
Chemical Manufacturing |
4.4 |
9 |
|
|
Branch |
San Francisco, CA |
United States |
Construction Services |
1.6 |
3 |
|
|
Subsidiary |
Amherst, NY |
United States |
Miscellaneous Fabricated Products |
28.0 |
100 |
|
|
Branch |
Brighton, CO |
United States |
Chemical Manufacturing |
32.9 |
60 |
|
|
Branch |
Jacksonville, FL |
United States |
Chemical Manufacturing |
27.5 |
50 |
|
|
Branch |
Rancho Cucamonga, CA |
United States |
Construction - Raw Materials |
6.1 |
30 |
|
|
Subsidiary |
Jacksonville, FL |
United States |
Construction Services |
|
30 |
|
|
Branch |
Acworth, GA |
United States |
Chemical Manufacturing |
14.8 |
27 |
|
|
Branch |
Phoenix, AZ |
United States |
Chemical Manufacturing |
11.5 |
21 |
|
|
Branch |
Gowen, MI |
United States |
Chemical Manufacturing |
11.5 |
21 |
|
|
Branch |
Forney, TX |
United States |
Chemical Manufacturing |
11.5 |
21 |
|
|
Branch |
Omaha, NE |
United States |
Chemical Manufacturing |
11.5 |
21 |
|
|
Branch |
Menlo Park, CA |
United States |
Chemical Manufacturing |
11.5 |
21 |
|
|
Branch |
Knapp, WI |
United States |
Chemical Manufacturing |
11.5 |
21 |
|
|
Branch |
St Paul, MN |
United States |
Chemical Manufacturing |
6.6 |
12 |
|
|
Branch |
Greeneville, TN |
United States |
Construction - Raw Materials |
3.8 |
5 |
|
|
Branch |
Fort Worth, TX |
United States |
Chemical Manufacturing |
2.2 |
4 |
|
|
Subsidiary |
Schaffhausen |
Switzerland |
Construction - Supplies and Fixtures |
|
150 |
|
|
Unit |
Zurich |
Switzerland |
Construction - Raw Materials |
792.8 |
200 |
|
|
Subsidiary |
Evry |
France |
Chemical Manufacturing |
104.0 |
149 |
|
|
Subsidiary |
Istanbul |
Turkey |
Chemical Manufacturing |
|
148 |
|
|
Subsidiary |
Manchester |
United Kingdom |
Textiles - Non Apparel |
|
70 |
|
|
Subsidiary |
Rodekro |
Denmark |
Chemical Manufacturing |
|
50 |
|
|
Subsidiary |
Krieglach |
Austria |
Retail (Home Improvement) |
17.4 |
40 |
|
|
Subsidiary |
Caracas |
Venezuela |
Retail (Home Improvement) |
|
40 |
|
|
Subsidiary |
Brampton, ON |
Canada |
Construction - Raw Materials |
|
20 |
|
|
Subsidiary |
Stockholm, Rosersberg |
Sweden |
Retail (Home Improvement) |
|
15 |
|
|
Subsidiary |
São Paulo, SP |
Brazil |
Chemical Manufacturing |
3,553.7 |
5,893 |
|
|
Subsidiary |
Quito |
Ecuador |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Monheim Am Rhein |
Germany |
Chemical Manufacturing |
3,593.6 |
5,571 |
|
|
Subsidiary |
Shanghai |
China |
Chemicals - Plastics and Rubber |
|
400 |
|
|
Facility |
Illertissen |
Germany |
Chemicals - Plastics and Rubber |
|
374 |
|
|
Subsidiary |
Duesseldorf |
Germany |
Chemical Manufacturing |
3.7 |
330 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Personal and Household Products |
|
200 |
|
|
Subsidiary |
Southampton |
United Kingdom |
Chemical Manufacturing |
|
150 |
|
|
UK Branch/Trading address |
Waltham Cross |
United Kingdom |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Gebze, Kocaeli |
Turkey |
Chemical Manufacturing |
|
133 |
|
|
Subsidiary |
Little Island, Cork |
Ireland |
Chemical Manufacturing |
|
120 |
|
|
Subsidiary |
Southampton |
United Kingdom |
Chemical Manufacturing |
106.0 |
103 |
|
|
Subsidiary |
Cincinnati, OH |
United States |
Chemical Manufacturing |
120.4 |
100 |
|
|
Branch |
Ambler, PA |
United States |
Chemical Manufacturing |
60.4 |
110 |
|
|
Branch |
Mauldin, SC |
United States |
Chemical Manufacturing |
79.1 |
83 |
|
|
Branch |
Countryside, IL |
United States |
Retail (Grocery) |
3.8 |
25 |
|
|
Branch |
Tucson, AZ |
United States |
Construction and Agriculture Machinery |
13.9 |
17 |
|
|
Branch |
Cincinnati, OH |
United States |
Chemical Manufacturing |
5.0 |
5 |
|
|
Branch |
Carlstadt, NJ |
United States |
Nonclassifiable Industries |
|
3 |
|
|
Branch |
Budd Lake, NJ |
United States |
Nonclassifiable Industries |
|
3 |
|
|
Branch |
Fairfield, NJ |
United States |
Chemical Manufacturing |
2.0 |
2 |
|
|
Subsidiary |
Bangkok |
Thailand |
Chemical Manufacturing |
|
50 |
|
|
Subsidiary |
Tullamarine, VIC |
Australia |
Chemical Manufacturing |
12.6 |
30 |
|
|
Subsidiary |
Mississauga, ON |
Canada |
Chemical Manufacturing |
125.0 |
25 |
|
|
Subsidiary |
Bury |
United Kingdom |
Miscellaneous Capital Goods |
|
7 |
|
|
Subsidiary |
Monheim Am Rhein, Nordrhein-Westfalen |
Germany |
Commercial Banks |
|
7 |
|
|
Subsidiary |
Kwun Tong, Kowloon |
Hong Kong |
Chemical Manufacturing |
31.0 |
100 |
|
|
Subsidiary |
Arnhem, Gelderland |
Netherlands |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Sarandi, Buenos Aires |
Argentina |
Chemical Manufacturing |
32.2 |
130 |
|
|
Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Chemical Manufacturing |
26.1 |
29 |
|
|
Subsidiary |
Cheadle |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Hampshire |
United Kingdom |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Cheadle |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Cheadle |
United Kingdom |
Investment Services |
|
|
|
|
Subsidiary |
Levallois Perret |
France |
Computer Services |
|
|
|
|
Subsidiary |
Illertissen, Bayern |
Germany |
Real Estate Operations |
|
4 |
|
|
Subsidiary |
Düsseldorf, Nordrhein-Westfalen |
Germany |
Personal Services |
109.6 |
|
|
|
Subsidiary |
Shanghai |
China |
Chemical Manufacturing |
1.0 |
|
|
|
Subsidiary |
Co Cork |
Ireland |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
x |
Luxembourg |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Castellbisbal, Barcelona |
Spain |
Chemical Manufacturing |
238.5 |
362 |
|
|
Subsidiary |
São Paulo, SP |
Brazil |
Chemical Manufacturing |
241.8 |
240 |
|
|
Subsidiary |
Brattvåg, Møre og Romsdal |
Norway |
Food Processing |
22.8 |
50 |
|
|
Subsidiary |
Sao Bernardo do Campo, SP |
Brazil |
Chemical Manufacturing |
|
3,700 |
|
|
Subsidiary |
Maua, SP |
Brazil |
Chemical Manufacturing |
|
100 |
|
|
Subsidiary |
Sao Bernardo do Campo, SP |
Brazil |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Lillo |
Belgium |
Chemical Manufacturing |
9,675.2 |
3,296 |
|
|
Subsidiary |
Merksem |
Belgium |
Business Services |
0.0 |
44 |
|
|
Subsidiary |
Bruxelles |
Belgium |
Computer Services |
0.1 |
|
|
|
Subsidiary |
Bruxelles |
Belgium |
Commercial Banks |
|
|
|
|
Subsidiary |
Basel |
Switzerland |
Chemical Manufacturing |
75,863.9 |
3,000 |
|
|
Subsidiary |
Basle |
Switzerland |
Miscellaneous Capital Goods |
5,236.3 |
14,000 |
|
|
Subsidiary |
Kaohsiung |
Taiwan |
Food Processing |
1,000.0 |
5,000 |
|
|
Subsidiary |
Sao Paulo, Sao Paulo |
Brazil |
Water Utilities |
150.0 |
520 |
|
|
Joint Venture |
Shanghai, Shanghai |
China |
Miscellaneous Capital Goods |
|
260 |
|
|
Subsidiary |
Darul Ehsan, Selangor |
Malaysia |
Miscellaneous Capital Goods |
32.0 |
100 |
|
|
Subsidiary |
Moscow |
Russian Federation |
Food Processing |
30.0 |
100 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Miscellaneous Capital Goods |
24.0 |
65 |
|
|
Subsidiary |
Zagreb |
Croatia |
Chemical Manufacturing |
2.0 |
6 |
|
|
Subsidiary |
Ljubljana |
Slovenia |
Miscellaneous Capital Goods |
|
4 |
|
|
Subsidiary |
Chatuchak, Bangkok |
Thailand |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Shanghai, Shanghai |
China |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Lodz |
Poland |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Tashkent |
Uzbekistan |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Warsaw |
Poland |
Water Utilities |
8.0 |
100 |
|
|
Subsidiary |
Leatherhead |
United Kingdom |
Business Services |
13.7 |
86 |
|
|
Subsidiary |
Ho Chi Minh City |
Viet Nam |
Miscellaneous Capital Goods |
5.0 |
14 |
|
|
Subsidiary |
Cheadle |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Bradford |
United Kingdom |
Chemical Manufacturing |
|
750 |
|
|
Subsidiary |
Cheadle |
United Kingdom |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Cheadle |
United Kingdom |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Cheadle |
United Kingdom |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Cheadle |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Cheadle |
United Kingdom |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Cheadle |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
UK Branch/Trading address |
Leeds |
United Kingdom |
Nonclassifiable Industries |
|
8 |
|
|
Subsidiary |
Salcedo Village, Makati , Metro Manila |
Philippines |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Tarrytown, NY |
United States |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Ludwigshafen Am Rhein, Rheinland-Pfalz |
Germany |
Business Services |
46.4 |
1,600 |
|
|
Subsidiary |
Nanjing |
China |
Chemicals - Plastics and Rubber |
|
1,500 |
|
|
Division |
Limburgerhof |
Germany |
Miscellaneous Financial Services |
4,847.4 |
1,350 |
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
|
170 |
|
|
Subsidiary |
Laguna |
Philippines |
Business Services |
|
100 |
|
|
Subsidiary |
Athens, Agia Paraskevi |
Greece |
Chemical Manufacturing |
|
80 |
|
|
Subsidiary |
Wadenswil |
Switzerland |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Lemforde |
Germany |
Containers and Packaging |
1,750.0 |
1,200 |
|
|
Subsidiary |
Villanova d'Asti, AT |
Italy |
Chemicals - Plastics and Rubber |
353.5 |
150 |
|
|
Subsidiary |
Rubi, Barcelona |
Spain |
Chemicals - Plastics and Rubber |
149.7 |
71 |
|
|
Subsidiary |
Solymár |
Hungary |
Containers and Packaging |
22.8 |
24 |
|
|
Subsidiary |
Angered |
Sweden |
Chemicals - Plastics and Rubber |
|
23 |
|
|
Subsidiary |
Istanbul, Seyhli-Pendik |
Turkey |
Chemicals - Plastics and Rubber |
|
5 |
|
|
Subsidiary |
Schwarzheide |
Germany |
Fabricated Plastic and Rubber |
175.0 |
|
|
|
Subsidiary |
Nizhnekamsk |
Russian Federation |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Cesano Maderno, MI |
Italy |
Chemical Manufacturing |
752.0 |
1,193 |
|
|
Subsidiary |
Magenta, Milano |
Italy |
Chemical Manufacturing |
11.3 |
35 |
|
|
Unit |
Lugo di Romagna, RA |
Italy |
Chemical Manufacturing |
|
12 |
|
|
Unit |
Vicenza, VI |
Italy |
Chemical Manufacturing |
|
|
|
|
Unit |
Bibbiano |
Italy |
Chemical Manufacturing |
|
|
|
|
Unit |
Bergamo, BG |
Italy |
Fish and Livestock |
|
|
|
|
Subsidiary |
Cesano Maderno, MI |
Italy |
Chemical Manufacturing |
|
|
|
|
Branch |
Sasso Marconi, Bologna |
Italy |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Bradford |
United Kingdom |
Chemical Manufacturing |
511.0 |
1,078 |
|
|
Facility |
Bradford |
United Kingdom |
Chemical Manufacturing |
|
800 |
|
|
Division |
Macclesfield |
United Kingdom |
Chemical Manufacturing |
|
300 |
|
|
Facility |
Paisley |
United Kingdom |
Chemical Manufacturing |
|
250 |
|
|
Subsidiary |
Cheadle |
United Kingdom |
Investment Services |
|
|
|
|
Subsidiary |
Barcelona |
Spain |
Chemical Manufacturing |
764.8 |
950 |
|
|
Subsidiary |
Guadalajara |
Spain |
Chemical Manufacturing |
261.1 |
608 |
|
|
Subsidiary |
Badalona, Barcelona |
Spain |
Chemical Manufacturing |
20.0 |
58 |
|
|
Subsidiary |
Silla |
Spain |
Chemical Manufacturing |
|
200 |
|
|
Subsidiary |
L' Hospitalet De Llobregat, Barcelona |
Spain |
Chemical Manufacturing |
66.6 |
67 |
|
|
Division |
Porto |
Portugal |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Tudela |
Spain |
Chemical Manufacturing |
|
25 |
|
|
Subsidiary |
Augsburg, Bayern |
Germany |
Chemical Manufacturing |
286.0 |
800 |
|
|
Subsidiary |
Buenos Aires |
Argentina |
Biotechnology and Drugs |
229.1 |
700 |
|
|
Subsidiary |
Buenos Aires |
Argentina |
Chemical Manufacturing |
|
27 |
|
|
Subsidiary |
Maastricht |
Netherlands |
Chemical Manufacturing |
660.2 |
673 |
|
|
Subsidiary |
Helsinki |
Finland |
Chemical Manufacturing |
25.9 |
15 |
|
|
Subsidiary |
Singapore |
Singapore |
Chemical Manufacturing |
6,267.0 |
6 |
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Capital Goods |
350.0 |
170 |
|
|
Subsidiary |
Arnhem, Gelderland |
Netherlands |
Crops |
1,625.5 |
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Chemical Manufacturing |
1,438.7 |
|
|
|
Subsidiary |
Arnhem, Gelderland |
Netherlands |
Crops |
363.7 |
|
|
|
Subsidiary |
Arnhem |
Netherlands |
Chemical Manufacturing |
|
|
|
|
Division |
Morrisville, NC |
United States |
Chemical Manufacturing |
1,708.5 |
650 |
|
|
Subsidiary |
Minden, Nordrhein-Westfalen |
Germany |
Chemical Manufacturing |
304.0 |
500 |
|
|
B A S F Plc |
Joint Venture |
Paisley |
United Kingdom |
Chemical Manufacturing |
|
500 |
|
Subsidiary |
Evionnaz |
Switzerland |
Biotechnology and Drugs |
128.3 |
450 |
|
|
Subsidiary |
Lyon |
France |
Chemical Manufacturing |
231.9 |
446 |
|
|
Facility |
Gron |
France |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Oldenburg, Niedersachsen |
Germany |
Chemical Manufacturing |
111.3 |
440 |
|
|
Subsidiary |
Ostwald |
France |
Construction - Raw Materials |
13.7 |
74 |
|
|
Subsidiary |
Deurne, Noord-Brabant |
Netherlands |
Construction - Supplies and Fixtures |
16.3 |
|
|
|
Subsidiary |
Jakarta |
Indonesia |
Chemical Manufacturing |
481.0 |
400 |
|
|
Subsidiary |
Nottingham |
United Kingdom |
Chemical Manufacturing |
915.9 |
391 |
|
|
Subsidiary |
Manchester |
United Kingdom |
Chemical Manufacturing |
0.4 |
2,000 |
|
|
UK Branch/Trading address |
Manchester |
United Kingdom |
Chemical Manufacturing |
0.4 |
200 |
|
|
Subsidiary |
Chatham |
United Kingdom |
Nonclassifiable Industries |
|
117 |
|
|
Subsidiary |
Widnes |
United Kingdom |
Business Services |
|
70 |
|
|
Subsidiary |
Saint Louis, MO |
United States |
Chemical Manufacturing |
|
100 |
|
|
Subsidiary |
Widnes |
United Kingdom |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Ruddington |
United Kingdom |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Midrand |
South Africa |
Chemical Manufacturing |
|
370 |
|
|
Subsidiary |
Sebenza |
South Africa |
Food Processing |
|
33 |
|
|
Subsidiary |
Johannesburg |
South Africa |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Casilla de Correo, Buenos Aires |
Argentina |
Miscellaneous Capital Goods |
221.0 |
350 |
|
|
Subsidiary |
Al-Khobar, Ash Sharqiyah |
Saudi Arabia |
Construction Services |
18.0 |
350 |
|
|
Division |
Southfield, MI |
United States |
Chemical Manufacturing |
|
331 |
|
|
Subsidiary |
Port Elizabeth |
South Africa |
Miscellaneous Capital Goods |
201.0 |
300 |
|
|
Subsidiary |
Zürich |
Switzerland |
Chemical Manufacturing |
|
300 |
|
|
Subsidiary |
Warszawa |
Poland |
Chemical Manufacturing |
952.0 |
280 |
|
|
Division |
Southfield, MI |
United States |
Chemical Manufacturing |
|
275 |
|
|
Branch |
Whitehouse, OH |
United States |
Chemical Manufacturing |
76.9 |
140 |
|
|
Subsidiary |
Ankleshwar, Gujarat |
India |
Chemical Manufacturing |
|
260 |
|
|
Subsidiary |
Treviso, TV |
Italy |
Chemical Manufacturing |
132.9 |
216 |
|
|
Subsidiary |
København S |
Denmark |
Chemical Manufacturing |
106.8 |
212 |
|
|
Subsidiary |
Halfway House |
South Africa |
Food Processing |
134.0 |
200 |
|
|
Subsidiary |
Izmir, Izmir |
Turkey |
Chemical Manufacturing |
126.0 |
200 |
|
|
Subsidiary |
Prague |
Czech Republic |
Chemical Manufacturing |
125.0 |
200 |
|
|
Subsidiary |
Metro Manila |
Philippines |
Chemicals - Plastics and Rubber |
5.4 |
200 |
|
|
Subsidiary |
Guangzhou, Guangdong |
China |
Chemicals - Plastics and Rubber |
1.0 |
200 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Chemical Manufacturing |
|
200 |
|
|
Subsidiary |
Abu Dhabi |
United Arab Emirates |
Chemical Manufacturing |
|
200 |
|
|
Subsidiary |
Helsinki |
Finland |
Chemical Manufacturing |
121.7 |
196 |
|
|
Subsidiary |
Santiago |
Chile |
Biotechnology and Drugs |
220.8 |
187 |
|
|
Subsidiary |
Santiago |
Chile |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Shanghai |
China |
Chemical Manufacturing |
1.0 |
180 |
|
|
Subsidiary |
Independence, OH |
United States |
Chemical Manufacturing |
40.8 |
167 |
|
|
Branch |
Zachary, LA |
United States |
Retail (Specialty) |
1.2 |
6 |
|
|
Subsidiary |
Lima |
Peru |
Chemical Manufacturing |
119.0 |
160 |
|
|
Subsidiary |
Levallois Perret |
France |
Chemical Manufacturing |
81.5 |
152 |
|
|
Subsidiary |
Clermont |
France |
Chemical Manufacturing |
|
500 |
|
|
Subsidiary |
Saint Fargeau Ponthierry Cedex |
France |
Chemical Manufacturing |
368.0 |
300 |
|
|
Subsidiary |
Ecully |
France |
Chemical Manufacturing |
470.3 |
252 |
|
|
Subsidiary |
Ecully |
France |
Biotechnology and Drugs |
554.5 |
473 |
|
|
Subsidiary |
Gravelines |
France |
Chemical Manufacturing |
|
120 |
|
|
Subsidiary |
Levallois-Perret |
France |
Chemical Manufacturing |
|
100 |
|
|
Subsidiary |
Levallois Perret |
France |
Chemical Manufacturing |
34.8 |
23 |
|
|
Subsidiary |
Roche-lez-Beaupre |
France |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Chemical Manufacturing |
221.0 |
150 |
|
|
Subsidiary |
Kiev |
Ukraine |
Chemical Manufacturing |
|
80 |
|
|
Subsidiary |
Minsk |
Belarus |
Chemical Manufacturing |
|
13 |
|
|
Subsidiary |
Almaty |
Kazakhstan |
Chemical Manufacturing |
|
9 |
|
|
Subsidiary |
Tashkent |
Uzbekistan |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Ballerup |
Denmark |
Public Sector and Government |
|
150 |
|
|
Subsidiary |
Karakoyunlu, Istanbul |
Turkey |
Chemical Manufacturing |
|
150 |
|
|
Subsidiary |
Gebze, Dilovasi |
Turkey |
Chemical Manufacturing |
|
200 |
|
|
Subsidiary |
Compans |
France |
Chemical Manufacturing |
52.4 |
149 |
|
|
Subsidiary |
Saint-Vulbas |
France |
Chemical Manufacturing |
45.4 |
149 |
|
|
Subsidiary |
Evans City, PA |
United States |
Chemical Manufacturing |
|
130 |
|
|
Subsidiary |
Marktredwitz, Bayern |
Germany |
Construction - Supplies and Fixtures |
|
130 |
|
|
Subsidiary |
Kassel |
Germany |
Chemical Manufacturing |
|
120 |
|
|
Subsidiary |
Bogotá DC |
Colombia |
Chemical Manufacturing |
197.5 |
110 |
|
|
Subsidiary |
Waterloo |
Belgium |
Chemical Manufacturing |
33.3 |
102 |
|
|
Subsidiary |
Brussels |
Belgium |
Chemical Manufacturing |
|
35 |
|
|
Subsidiary |
Waterloo |
Belgium |
Chemical Manufacturing |
4.7 |
15 |
|
|
Unit |
Brussels |
Belgium |
Chemical Manufacturing |
|
10 |
|
|
Subsidiary |
Lint |
Belgium |
Miscellaneous Capital Goods |
19.7 |
7 |
|
|
Subsidiary |
Antwerpen |
Belgium |
Retail (Department and Discount) |
184.5 |
2 |
|
|
Subsidiary |
Kuurne |
Belgium |
Chemical Manufacturing |
0.0 |
|
|
|
Subsidiary |
Köln, Nordrhein-Westfalen |
Germany |
Chemical Manufacturing |
205.3 |
100 |
|
|
Subsidiary |
Buenos Aires, Buenos Aires |
Argentina |
Miscellaneous Capital Goods |
150.0 |
100 |
|
|
Subsidiary |
Antioquia |
Colombia |
Crops |
63.0 |
100 |
|
|
Subsidiary |
Cairo |
Egypt |
Chemical Manufacturing |
30.0 |
100 |
|
|
Subsidiary |
Trostberg, Bayern |
Germany |
Construction - Supplies and Fixtures |
18.3 |
100 |
|
|
Joint Venture |
Cankaya, Izmir |
Turkey |
Chemical Manufacturing |
|
100 |
|
|
Subsidiary |
Bratislava |
Czech Republic |
Chemical Manufacturing |
|
100 |
|
|
Subsidiary |
Göteborg |
Sweden |
Chemical Manufacturing |
44.1 |
85 |
|
|
BASF Hungária Vegyiáru és Kiegészítõ Termék
Berendezés- és Szolgáltatás Kereskedelmi Kft |
Subsidiary |
Budapest |
Hungary |
Chemical Manufacturing |
90.0 |
80 |
|
Subsidiary |
Agia Paraskevi |
Greece |
Chemical Manufacturing |
56.2 |
80 |
|
|
Subsidiary |
Bucharest |
Romania |
Chemical Manufacturing |
|
80 |
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Chemical Manufacturing |
|
75 |
|
|
Subsidiary |
Greifenberg, Bayern |
Germany |
Miscellaneous Capital Goods |
13.8 |
70 |
|
|
Subsidiary |
Athens |
Greece |
Chemical Manufacturing |
|
70 |
|
|
Subsidiary |
Colombo |
Sri Lanka |
Chemical Manufacturing |
|
65 |
|
|
Subsidiary |
Copenhagen |
Denmark |
Chemical Manufacturing |
160.5 |
60 |
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Chemical Manufacturing |
8.0 |
60 |
|
|
Subsidiary |
Casablanca |
Morocco |
Chemical Manufacturing |
9,350.0 |
50 |
|
|
Subsidiary |
Burgbernheim, Bayern |
Germany |
Chemical Manufacturing |
140.2 |
50 |
|
|
Subsidiary |
Rio de Mouro |
Portugal |
Retail (Home Improvement) |
19.9 |
50 |
|
|
Subsidiary |
Ho Chi Minh City |
Viet Nam |
Chemical Manufacturing |
18.0 |
50 |
|
|
Subsidiary |
Peristeri, Athen |
Greece |
Chemical Manufacturing |
|
50 |
|
|
Subsidiary |
Alajuela |
Costa Rica |
Chemical Manufacturing |
|
50 |
|
|
Subsidiary |
Athens |
Greece |
Chemical Manufacturing |
21.0 |
49 |
|
|
Subsidiary |
Montevideo |
Uruguay |
Chemical Manufacturing |
|
45 |
|
|
Subsidiary |
Rio De Mouro, Lisboa |
Portugal |
Fabricated Plastic and Rubber |
17.3 |
43 |
|
|
Subsidiary |
Istanbul (Anatolia) |
Turkey |
Chemical Manufacturing |
|
41 |
|
|
Subsidiary |
Wadenswil |
Switzerland |
Chemical Manufacturing |
350.0 |
40 |
|
|
Subsidiary |
Zug |
Switzerland |
Chemical Manufacturing |
|
12 |
|
|
Subsidiary |
Cheadle |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Geneva, VS |
Switzerland |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Kaisten |
Switzerland |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Groot-Bijgaarden |
Belgium |
Chemical Manufacturing |
179.2 |
40 |
|
|
Subsidiary |
Aze |
France |
Food Processing |
72.8 |
40 |
|
|
Subsidiary |
Caracas |
Venezuela |
Chemical Manufacturing |
|
40 |
|
|
Subsidiary |
Guatemala |
Guatemala |
Chemical Manufacturing |
|
38 |
|
|
Subsidiary |
Wien |
Austria |
Chemical Manufacturing |
13.3 |
37 |
|
|
Subsidiary |
Zwentendorf an der Donau |
Austria |
Biotechnology and Drugs |
71.0 |
78 |
|
|
Subsidiary |
Plymouth, MN |
United States |
Chemicals - Plastics and Rubber |
37.7 |
35 |
|
|
Subsidiary |
Tarragona |
Spain |
Business Services |
4.3 |
31 |
|
|
Subsidiary |
Santo Domingo |
Dominican Republic |
Chemical Manufacturing |
|
30 |
|
|
Subsidiary |
Barcelona |
Spain |
Construction - Supplies and Fixtures |
72.2 |
25 |
|
|
Division |
Bratislava |
Slovakia |
Chemicals - Plastics and Rubber |
|
225 |
|
|
Division |
Brussels |
Belgium |
Chemicals - Plastics and Rubber |
|
200 |
|
|
Division |
Cesano Maderno |
Italy |
Chemicals - Plastics and Rubber |
42.7 |
31 |
|
|
Division |
Cheadle |
United Kingdom |
Chemical Manufacturing |
24.5 |
30 |
|
|
Division |
Levallois Perret |
France |
Personal and Household Products |
66.3 |
26 |
|
|
Division |
Copenhagen |
Denmark |
Chemical Manufacturing |
|
|
|
|
Division |
Porto |
Portugal |
Chemicals - Plastics and Rubber |
|
|
|
|
Subsidiary |
Solymar |
Hungary |
Chemical Manufacturing |
34.5 |
25 |
|
|
Subsidiary |
Bratislava |
Slovakia |
Chemical Manufacturing |
|
25 |
|
|
Subsidiary |
Belgrade |
Serbia |
Chemical Manufacturing |
|
24 |
|
|
Subsidiary |
Vilnius |
Lithuania |
Chemical Manufacturing |
|
23 |
|
|
Subsidiary |
Riga |
Latvia |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Asuncion, Casilla de Correo |
Paraguay |
Chemical Manufacturing |
|
23 |
|
|
Subsidiary |
Seaford, DE |
United States |
Chemicals - Plastics and Rubber |
23.7 |
22 |
|
|
Subsidiary |
Ludwigshafen Am Rhein, Rheinland-Pfalz |
Germany |
Business Services |
|
20 |
|
|
Subsidiary |
Ludwigshafen Am Rhein, Rheinland-Pfalz |
Germany |
Miscellaneous Financial Services |
|
12 |
|
|
Subsidiary |
Heidelberg, Baden-Württemberg |
Germany |
Biotechnology and Drugs |
|
200 |
|
|
Subsidiary |
Hydra |
Algeria |
Chemical Manufacturing |
|
20 |
|
|
Subsidiary |
Ljubljana |
Slovenia |
Chemical Manufacturing |
|
17 |
|
|
Subsidiary |
Sofia |
Bulgaria |
Chemical Manufacturing |
|
17 |
|
|
Subsidiary |
Sofia |
Bulgaria |
Chemical Manufacturing |
|
17 |
|
|
Subsidiary |
Asker |
Norway |
Chemical Manufacturing |
29.0 |
12 |
|
|
Subsidiary |
Megrine, Tunis |
Tunisia |
Chemical Manufacturing |
2.0 |
12 |
|
|
Subsidiary |
Tunis |
Tunisia |
Chemical Manufacturing |
|
12 |
|
|
Subsidiary |
Zagreb |
Croatia |
Chemicals - Plastics and Rubber |
11.0 |
10 |
|
|
Subsidiary |
San Salvador |
El Salvador |
Chemical Manufacturing |
|
10 |
|
|
Subsidiary |
Bo. Tomas de Castro, Caguas |
Puerto Rico |
Food Processing |
6.0 |
8 |
|
|
Subsidiary |
Schwarzheide, Brandenburg |
Germany |
Chemical Manufacturing |
|
7 |
|
|
Subsidiary |
Antwerpen 4 |
Belgium |
Chemical Manufacturing |
|
6 |
|
|
BASF Handels- und Exportgesellschaft mit
beschränkter Haftung |
Subsidiary |
Ludwigshafen Am Rhein, Rheinland-Pfalz |
Germany |
Chemical Manufacturing |
|
6 |
|
Subsidiary |
Münster, Nordrhein-Westfalen |
Germany |
Chemical Manufacturing |
715.2 |
3,000 |
|
|
Subsidiary |
Clermont de Oise |
France |
Chemical Manufacturing |
303.8 |
576 |
|
|
Subsidiary |
Yokohama, Kanagawa Pref |
Japan |
Chemical Manufacturing |
|
489 |
|
|
Subsidiary |
Dortmund, Nordrhein-Westfalen |
Germany |
Construction - Raw Materials |
63.2 |
117 |
|
|
Subsidiary |
Bornem |
Belgium |
Chemical Manufacturing |
57.5 |
106 |
|
|
Subsidiary |
Maarssen |
Netherlands |
Chemical Manufacturing |
25.8 |
80 |
|
|
Subsidiary |
Ludwigshafen Am Rhein, Rheinland-Pfalz |
Germany |
Commercial Banks |
|
5 |
|
|
Subsidiary |
Kassel, Hessen |
Germany |
Oil and Gas Operations |
16,796.7 |
2,164 |
|
|
Subsidiary |
Kassel, Hessen |
Germany |
Oil and Gas Operations |
2,150.6 |
500 |
|
|
Subsidiary |
Kassel |
Germany |
Natural Gas Utilities |
|
1,600 |
|
|
Subsidiary |
Kassel, Hessen |
Germany |
Oil Well Services and Equipment |
|
500 |
|
|
Subsidiary |
Rijswijk |
Netherlands |
Oil Well Services and Equipment |
|
300 |
|
|
Subsidiary |
Rijswijk |
Netherlands |
Oil and Gas Operations |
572.3 |
250 |
|
|
Subsidiary |
Rijswijk Zh, Zuid-Holland |
Netherlands |
Business Services |
|
90 |
|
|
Subsidiary |
Hague |
Netherlands |
Oil and Gas Operations |
|
|
|
|
Subsidiary |
Tripoli |
Libyan Arab Jamahiriya |
Oil Well Services and Equipment |
|
200 |
|
|
Subsidiary |
Buenos Aires |
Argentina |
Chemical Manufacturing |
330.7 |
60 |
|
|
Subsidiary |
Berlin, Berlin |
Germany |
Oil Well Services and Equipment |
|
20 |
|
|
Joint Venture |
Bucharest |
Romania |
Chemical Manufacturing |
|
20 |
|
|
Subsidiary |
Zug |
Switzerland |
Oil and Gas Operations |
200.1 |
8 |
|
|
Subsidiary |
Madrid |
Spain |
Oil Well Services and Equipment |
|
4 |
|
|
Subsidiary |
Zug |
Switzerland |
Natural Gas Utilities |
|
|
|
|
Subsidiary |
Bucharest |
Romania |
Natural Gas Utilities |
|
7 |
|
|
Subsidiary |
Doha |
Qatar |
|
|
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Prague |
Czech Republic |
Oil Well Services and Equipment |
|
|
|
|
Subsidiary |
Doha |
Qatar |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Stavanger |
Norway |
Oil Well Services and Equipment |
152.8 |
61 |
|
|
Subsidiary |
Aberdeen |
United Kingdom |
Oil and Gas Operations |
35.2 |
|
|
|
Subsidiary |
London |
United Kingdom |
Oil and Gas Operations |
6.0 |
|
|
|
Subsidiary |
Kassel, Hessen |
Germany |
Personal Services |
12.8 |
46 |
|
|
Subsidiary |
Schwarzheide, Brandenburg |
Germany |
Chemical Manufacturing |
1,479.7 |
1,800 |
|
|
Subsidiary |
Lemförde, Niedersachsen |
Germany |
Fabricated Plastic and Rubber |
|
1,770 |
|
|
Subsidiary |
Mitry Mory |
France |
Chemicals - Plastics and Rubber |
72.9 |
74 |
|
|
Subsidiary |
Alfreton |
United Kingdom |
Chemical Manufacturing |
87.6 |
56 |
|
|
Subsidiary |
Lemförde, Niedersachsen |
Germany |
Consumer Financial Services |
72.5 |
1 |
|
|
Subsidiary |
Grenzach-Wyhlen, Baden-Württemberg |
Germany |
Chemical Manufacturing |
134.7 |
800 |
|
|
Subsidiary |
Lampertheim, Hessen |
Germany |
Chemical Manufacturing |
710.8 |
500 |
|
|
Subsidiary |
Lampertheim, Hessen |
Germany |
Chemical Manufacturing |
16.8 |
10 |
|
|
Subsidiary |
Ludwigshafen Am Rhein, Rheinland-Pfalz |
Germany |
Chemical Manufacturing |
|
250 |
|
|
Subsidiary |
Rudolstadt, Thüringen |
Germany |
Containers and Packaging |
135.7 |
170 |
|
|
Subsidiary |
Ludwigshafen Am Rhein, Rheinland-Pfalz |
Germany |
Chemical Manufacturing |
|
160 |
|
|
Subsidiary |
Leuna, Sachsen-Anhalt |
Germany |
Chemical Manufacturing |
94.5 |
140 |
|
|
Subsidiary |
Köln, Nordrhein-Westfalen |
Germany |
Chemical Manufacturing |
63.5 |
120 |
|
|
Subsidiary |
Ludwigshafen Am Rhein, Rheinland-Pfalz |
Germany |
Real Estate Operations |
82.2 |
100 |
|
|
Unit |
Ludwigshafen |
Germany |
Real Estate Operations |
|
35 |
|
|
Unit |
Breitnau |
Germany |
Real Estate Operations |
|
26 |
|
|
Unit |
Albstadt |
Germany |
Real Estate Operations |
|
|
|
|
Subsidiary |
Sinzheim, Baden-Württemberg |
Germany |
Construction - Supplies and Fixtures |
1.0 |
100 |
|
|
Subsidiary |
Berlin, Berlin |
Germany |
Business Services |
|
100 |
|
|
Subsidiary |
Ludwigshafen Am Rhein, Rheinland-Pfalz |
Germany |
Software and Programming |
|
20 |
|
|
Subsidiary |
Cesano Maderno, MI |
Italy |
Computer Services |
6.6 |
31 |
|
|
Subsidiary |
Ludwigshafen Am Rhein, Rheinland-Pfalz |
Germany |
Commercial Banks |
|
7 |
|
|
Subsidiary |
Ludwigshafen Am Rhein, Rheinland-Pfalz |
Germany |
Personal Services |
19.0 |
1 |
|
|
GEWOGE Wohnungsunternehmen der BASF Gesellschaft mit
beschränkter Haftung |
Subsidiary |
Ludwigshafen Am Rhein, Rheinland-Pfalz |
Germany |
Construction Services |
|
1 |
|
Subsidiary |
Ludwigshafen Am Rhein, Rheinland-Pfalz |
Germany |
Commercial Banks |
|
1 |
|
|
Subsidiary |
Kempton Park, Gauteng |
South Africa |
Chemical Manufacturing |
938.6 |
|
|
|
Subsidiary |
Ludwigshafen Am Rhein, Rheinland-Pfalz |
Germany |
Commercial Banks |
|
|
|
|
Subsidiary |
Co Cork |
Ireland |
Chemical Manufacturing |
106.8 |
5 |
|
|
Subsidiary |
Panama |
Panama |
Chemical Manufacturing |
|
5 |
|
|
Subsidiary |
Ciudad de Panamá |
Panama |
Chemical Manufacturing |
|
4 |
|
|
Subsidiary |
Sliema |
Malta |
Chemical Manufacturing |
|
4 |
|
|
Subsidiary |
London |
United Kingdom |
Food Processing |
1.7 |
2 |
|
|
Subsidiary |
Ludwigshafen |
Germany |
Business Services |
|
1 |
|
|
Subsidiary |
Beograd |
Serbia |
Chemical Manufacturing |
75.0 |
|
|
|
Subsidiary |
Karachi |
Pakistan |
Fabricated Plastic and Rubber |
75.0 |
|
|
|
Subsidiary |
Cheadle |
United Kingdom |
Business Services |
12.0 |
|
|
|
Subsidiary |
Shah Alam, Selangor |
Malaysia |
Construction Services |
4.5 |
|
|
|
Subsidiary |
Pune |
India |
Chemical Manufacturing |
1.0 |
|
|
|
Subsidiary |
Cologne |
Germany |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Veles |
Macedonia |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Krieglach |
Austria |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Istanbul |
Turkey |
Oil and Gas Operations |
|
|
|
|
Subsidiary |
Central |
Hong Kong |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Singapore |
Singapore |
Chemical Manufacturing |
5,524.9 |
16,000 |
|
|
Subsidiary |
Singapore |
Singapore |
Chemical Manufacturing |
58.7 |
550 |
|
|
Subsidiary |
Shah Alam, Selangor |
Malaysia |
Chemicals - Plastics and Rubber |
252.0 |
473 |
|
|
Subsidiary |
Kuantan, Pahang Darul Makmur |
Malaysia |
Chemical Manufacturing |
|
1,500 |
|
|
Branch |
Pasir Gudang, Johor |
Malaysia |
Miscellaneous Capital Goods |
134.0 |
200 |
|
|
Branch |
Klang, Selangor |
Malaysia |
Chemical Manufacturing |
67.0 |
100 |
|
|
Joint Venture |
Shah Alam, Selangor Darul Ehsan |
Malaysia |
Chemical Manufacturing |
552.7 |
48 |
|
|
Subsidiary |
Shah Alam, Selangor |
Malaysia |
Containers and Packaging |
46.8 |
|
|
|
Subsidiary |
Kuala Lumpur |
Malaysia |
Business Services |
23.4 |
|
|
|
Joint Venture |
Kemaman |
Malaysia |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Bangkok |
Thailand |
Chemical Manufacturing |
150.0 |
175 |
|
|
Joint Venture |
Singapore |
Singapore |
Chemical Manufacturing |
|
60 |
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
1.0 |
1,600 |
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
1.0 |
|
|
|
Subsidiary |
Osaka |
Japan |
Chemical Manufacturing |
1.0 |
|
|
|
Subsidiary |
Mumbai |
India |
Chemical Manufacturing |
344.5 |
1,224 |
|
|
Branch |
New Delhi, Delhi |
India |
Chemical Manufacturing |
303.2 |
1,000 |
|
|
Subsidiary |
Karachi |
Pakistan |
Chemical Manufacturing |
|
106 |
|
|
Subsidiary |
Karachi |
Pakistan |
Chemical Manufacturing |
|
211 |
|
|
Subsidiary |
Mumbai |
India |
Chemical Manufacturing |
|
76 |
|
|
Subsidiary |
Dhaka |
Bangladesh |
Chemical Manufacturing |
|
50 |
|
|
Subsidiary |
Chittagong |
Bangladesh |
Chemical Manufacturing |
|
6 |
|
|
Subsidiary |
Mumbai, Maharashtra |
India |
Chemical Manufacturing |
44.7 |
|
|
|
Subsidiary |
Yeosu-si, Jeollanam-do |
Korea, Republic of |
Chemical Manufacturing |
1,788.9 |
932 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Chemical Manufacturing |
|
200 |
|
|
Subsidiary |
Southbank, VIC |
Australia |
Chemical Manufacturing |
300.9 |
540 |
|
|
Subsidiary |
Auckland |
New Zealand |
Chemical Manufacturing |
|
35 |
|
|
Ciba (Australia) Pty Limited |
Subsidiary |
|
|
|
|
|
|
Subsidiary |
Central District, Hong Kong |
Hong Kong |
Chemical Manufacturing |
128.7 |
415 |
|
|
Subsidiary |
Central |
Hong Kong |
Chemical Manufacturing |
1.0 |
300 |
|
|
Subsidiary |
Taipei |
Taiwan |
Chemical Manufacturing |
119.0 |
600 |
|
|
Subsidiary |
Taoyuan |
Taiwan |
Chemical Manufacturing |
|
100 |
|
|
Subsidiary |
Shanghai |
China |
Chemical Manufacturing |
1.0 |
400 |
|
|
Branch |
Beijing |
China |
Biotechnology and Drugs |
8,066.2 |
6,500 |
|
|
Subsidiary |
Kowloon |
Hong Kong |
Chemical Manufacturing |
75.0 |
200 |
|
|
Subsidiary |
Shanghai |
China |
Biotechnology and Drugs |
|
200 |
|
|
Branch |
Guangzhou, Guangzou |
China |
Chemical Manufacturing |
|
350 |
|
|
Joint Venture |
Jilin |
China |
Biotechnology and Drugs |
|
50 |
|
|
Subsidiary |
Shanghai |
China |
Chemical Manufacturing |
|
|
|
|
Joint Venture |
Shanghai |
China |
Chemicals - Plastics and Rubber |
|
|
|
|
Subsidiary |
Shanghai |
China |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Guangzhou City, Guang Dong |
China |
Chemical Manufacturing |
103.1 |
103 |
|
|
Subsidiary |
Shenyang City, Liao Ning |
China |
Biotechnology and Drugs |
40.9 |
100 |
|
|
Subsidiary |
Pluak Daeng, Rayong |
Thailand |
Chemical Manufacturing |
|
100 |
|
|
Subsidiary |
Shanghai |
China |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Shanghai |
China |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Shanghai |
China |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Shanghai |
China |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Shanghai |
China |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Samutprakarn |
Thailand |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Thuan An District, Binh Duong Province |
Viet Nam |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Abidjan |
Cote d'Ivoire |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Muscat |
Oman |
Food Processing |
|
|
|
|
Division |
Southfield, MI |
United States |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Ludwigshafen Am Rhein, Rheinland-Pfalz |
Germany |
Investment Services |
|
|
|
|
Subsidiary |
Ludwigshafen Am Rhein, Rheinland-Pfalz |
Germany |
Miscellaneous Financial Services |
2.6 |
120 |
|
|
Subsidiary |
Research Triangle Park, NC |
United States |
Chemical Manufacturing |
|
600 |
|
|
Facility |
Palmyra, MO |
United States |
Chemical Manufacturing |
219.1 |
310 |
|
|
Facility |
Manati, PR |
United States |
Chemical Manufacturing |
|
200 |
|
|
Facility |
Beaumont, TX |
United States |
Chemical Manufacturing |
71.4 |
165 |
|
|
Subsidiary |
Limburgerhof |
Germany |
Chemical Manufacturing |
|
120 |
|
|
Subsidiary |
Berlin, Berlin |
Germany |
Biotechnology and Drugs |
2.6 |
100 |
|
|
Subsidiary |
Gatersleben, Sachsen-Anhalt |
Germany |
Biotechnology and Drugs |
6.6 |
50 |
|
|
Subsidiary |
Sarajevo |
Bosnia and Herzegovina |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Basel |
Switzerland |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Bangkok |
Thailand |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Port-au-Prince |
Haiti |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
San Fernando |
Trinidad and Tobago |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Gebze |
Turkey |
Chemical Manufacturing |
|
|
|
|
Unit |
Ludwigshafen |
Germany |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
São Bernardo do Campo, SP |
Brazil |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Ciudad de Guatemala |
Guatemala |
Fabricated Plastic and Rubber |
|
|
|
|
Subsidiary |
Tehran |
Iran |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Buenos Aires, Buenos Aires |
Argentina |
Construction Services |
|
|
|
|
Subsidiary |
General Lagos, Provincia de Santa Fe |
Argentina |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Amman |
Jordan |
Construction Services |
|
|
|
|
Subsidiary |
Amar El Bohaira, Tunis |
Tunisia |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Thessaloniki |
Greece |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Santa Cruz |
Bolivia |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Grenzach-Wyhlen |
Germany |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Cairo |
Egypt |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Managua |
Nicaragua |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Asker |
Norway |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Quito |
Ecuador |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Kathmandu, Tahachal |
Nepal |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Herzliyya |
Israel |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Lima |
Peru |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Izmir |
Turkey |
Chemical Manufacturing |
|
|
|
|
|
Executives Report
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Significant Developments
|
|
|
Annual Profit & Loss
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
|
Consolidated |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Total income |
102,194.2 |
84,591.2 |
70,500.3 |
|
Net sales |
102,194.2 |
84,591.2 |
70,500.3 |
|
Other operating income |
2,792.0 |
1,509.8 |
1,653.6 |
|
Cost of sales |
75,065.1 |
60,007.0 |
51,014.8 |
|
Gross profit |
27,129.1 |
24,584.2 |
19,485.5 |
|
Advertising, distribution, and commercial expenses |
10,182.3 |
8,873.3 |
7,881.3 |
|
General expenses |
1,828.4 |
1,507.1 |
1,575.7 |
|
Other operating costs |
5,972.0 |
5,435.2 |
6,568.4 |
|
Net operating income |
11,938.4 |
10,278.4 |
5,113.7 |
|
Other income |
262.8 |
198.7 |
186.4 |
|
Interest payable on loans |
1,060.9 |
1,023.7 |
1,020.8 |
|
Total expenses |
-533.9 |
513.9 |
831.7 |
|
Profit before tax |
12,472.4 |
9,764.6 |
4,282.1 |
|
Provisions |
14,138.1 |
15,787.8 |
15,177.0 |
|
Total taxation |
3,291.2 |
3,044.7 |
1,980.4 |
|
Net profit |
9,181.2 |
6,719.8 |
2,301.7 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Issued capital |
1,526.6 |
1,577.7 |
1,687.3 |
|
Capital reserves |
4,158.0 |
4,314.4 |
4,632.8 |
|
Total reserves |
25,243.8 |
21,219.3 |
18,531.2 |
|
Total stockholders equity |
32,953.5 |
30,395.5 |
26,699.3 |
|
Minority interests |
1,617.5 |
1,681.0 |
1,624.1 |
|
Deferred taxation |
563.4 |
- |
- |
|
Other provisions |
8,496.4 |
8,956.2 |
9,419.1 |
|
Provision for pensions |
4,139.8 |
3,726.8 |
3,235.4 |
|
Provisions and allowances |
13,199.6 |
15,992.6 |
15,657.4 |
|
Owing to group/associated companies |
559.5 |
580.9 |
627.0 |
|
Taxes and social security |
698.4 |
355.5 |
400.3 |
|
Total long-term liabilities |
12,965.9 |
16,592.3 |
18,881.3 |
|
Trade creditors |
6,712.7 |
6,456.9 |
4,104.8 |
|
Advances received |
353.1 |
379.7 |
166.4 |
|
Taxation and social security |
3,967.1 |
4,441.9 |
3,825.0 |
|
Due to group companies |
286.9 |
421.2 |
388.8 |
|
Total current liabilities |
16,493.0 |
16,219.3 |
11,892.6 |
|
Regularisation account |
390.7 |
478.9 |
426.1 |
|
Total liabilities (including net worth) |
79,414.3 |
79,678.7 |
73,556.8 |
|
Patents |
7,691.5 |
8,500.1 |
7,660.1 |
|
Goodwill |
7,739.6 |
7,878.9 |
7,272.7 |
|
Other intangibles |
- |
48.3 |
58.8 |
|
Intangibles |
15,472.6 |
16,427.3 |
14,991.7 |
|
Land and buildings |
5,018.6 |
5,198.5 |
5,036.0 |
|
Machinery and tools |
13,877.2 |
13,097.6 |
14,502.5 |
|
Fixtures and equipment |
5,018.6 |
5,198.5 |
5,036.0 |
|
Fixed assets under construction |
3,666.0 |
4,078.3 |
2,998.6 |
|
Total tangible fixed assets |
23,322.6 |
23,129.7 |
23,364.9 |
|
Shares held in associated companies |
399.8 |
414.5 |
396.0 |
|
Participating interest |
329.7 |
327.3 |
380.2 |
|
Deposits |
264.8 |
1,762.8 |
1,423.3 |
|
Total financial assets |
3,505.0 |
4,401.6 |
4,245.4 |
|
Total non-current assets |
42,300.2 |
43,958.6 |
42,602.0 |
|
Raw materials |
3,793.2 |
3,255.9 |
2,647.1 |
|
Finished goods |
9,131.2 |
8,278.7 |
6,972.9 |
|
Net stocks and work in progress |
13,058.1 |
11,655.4 |
9,721.9 |
|
Trade debtors |
14,131.7 |
13,639.5 |
11,102.1 |
|
Other receivables |
5,369.1 |
6,299.9 |
5,447.7 |
|
Total receivables |
19,863.0 |
20,305.7 |
16,822.4 |
|
Owing from associated companies |
362.2 |
366.2 |
272.6 |
|
Cash and liquid assets |
2,658.6 |
2,002.9 |
2,632.8 |
|
Short-term investments |
24.7 |
21.5 |
21.5 |
|
Shares in associated companies |
2,510.6 |
1,897.0 |
2,046.0 |
|
Recoverable taxation |
1,221.6 |
1,491.8 |
1,495.0 |
|
Total current assets |
35,604.4 |
33,985.5 |
29,198.6 |
|
Prepaid expenses and deferred costs |
288.2 |
242.8 |
261.1 |
|
Total assets |
79,414.3 |
79,678.7 |
73,556.8 |
|
|
|
Annual Ratios |
|
Financials in:
USD (mil) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Current ratio |
21.59 |
20.95 |
24.55 |
|
Acid test ratio |
13.67 |
13.77 |
16.38 |
|
Total liabilities to net worth |
0.09% |
0.11% |
0.12% |
|
Net worth to total assets |
0.04% |
0.04% |
0.04% |
|
Current liabilities to net worth |
0.05% |
0.05% |
0.04% |
|
Current liabilities to stock |
0.13% |
0.14% |
0.12% |
|
Fixed assets to net worth |
0.13% |
0.14% |
0.16% |
|
Collection period |
540.00 |
580.00 |
558.00 |
|
Stock turnover rate |
1.37 |
1.36 |
1.34 |
|
Profit margin |
0.01% |
0.01% |
0.00% |
|
Return on assets |
0.01% |
0.01% |
0.00% |
|
Shareholders' return |
0.03% |
0.02% |
0.01% |
|
Sales per employee |
65.36 |
60.51 |
48.25 |
|
Profit per employee |
5.87 |
4.81 |
1.58 |
|
Net worth |
32,953.5 |
30,395.5 |
26,699.3 |
|
Number of employees |
112,446 |
105,565 |
105,054 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
0.683679 |
0.730637 |
|
Auditor |
KPMG AG |
KPMG AG |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
102,194.2 |
84,591.2 |
70,500.3 |
91,130.5 |
79,316.1 |
|
Revenue |
102,194.2 |
84,591.2 |
70,500.3 |
91,130.5 |
79,316.1 |
|
Total Revenue |
102,194.2 |
84,591.2 |
70,500.3 |
91,130.5 |
79,316.1 |
|
|
|
|
|
|
|
|
Cost of Revenue |
75,065.1 |
60,007.0 |
51,014.8 |
67,948.5 |
57,346.4 |
|
Cost of Revenue, Total |
75,065.1 |
60,007.0 |
51,014.8 |
67,948.5 |
57,346.4 |
|
Gross Profit |
27,129.1 |
24,584.2 |
19,485.5 |
23,181.9 |
21,969.7 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
12,010.7 |
10,380.4 |
9,457.0 |
9,997.4 |
9,105.2 |
|
Total Selling/General/Administrative Expenses |
12,010.7 |
10,380.4 |
9,457.0 |
9,997.4 |
9,105.2 |
|
Research & Development |
2,231.7 |
1,976.0 |
1,944.2 |
1,981.9 |
1,888.4 |
|
Depreciation |
508.9 |
327.1 |
997.2 |
561.7 |
290.2 |
|
Depreciation/Amortization |
508.9 |
327.1 |
997.2 |
561.7 |
290.2 |
|
Investment Income -
Operating |
727.2 |
941.6 |
- |
- |
- |
|
Interest/Investment Income - Operating |
727.2 |
941.6 |
- |
- |
- |
|
Interest Expense (Income) - Net Operating Total |
727.2 |
941.6 |
- |
- |
- |
|
Restructuring Charge |
324.0 |
365.5 |
762.1 |
215.0 |
162.9 |
|
Impairment-Assets Held for Use |
- |
- |
- |
371.5 |
- |
|
Impairment-Assets Held for Sale |
- |
- |
- |
54.1 |
- |
|
Loss (Gain) on Sale of Assets - Operating |
-870.4 |
-102.0 |
-61.2 |
-62.9 |
-9.6 |
|
Other Unusual Expense (Income) |
0.0 |
-53.0 |
0.0 |
- |
- |
|
Unusual Expense (Income) |
-546.4 |
210.6 |
700.9 |
577.8 |
153.3 |
|
Other Operating Expense |
1,722.8 |
1,464.7 |
2,816.2 |
2,414.9 |
1,816.6 |
|
Other, Net |
-1,464.1 |
-994.6 |
-1,543.7 |
-1,804.9 |
-1,297.5 |
|
Other Operating Expenses, Total |
258.6 |
470.1 |
1,272.5 |
609.9 |
519.1 |
|
Total Operating Expense |
90,255.8 |
74,312.8 |
65,386.6 |
81,677.2 |
69,302.5 |
|
|
|
|
|
|
|
|
Operating Income |
11,938.4 |
10,278.4 |
5,113.7 |
9,453.3 |
10,013.6 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-1,154.1 |
-1,101.9 |
-1,020.8 |
-879.1 |
-839.8 |
|
Interest Capitalized -
Non-Operating |
101.5 |
86.1 |
- |
- |
- |
|
Interest Expense, Net Non-Operating |
-1,052.6 |
-1,015.8 |
-1,020.8 |
-879.1 |
-839.8 |
|
Interest Income -
Non-Operating |
262.8 |
198.7 |
186.4 |
254.5 |
194.1 |
|
Investment Income -
Non-Operating |
1,365.4 |
390.7 |
185.0 |
-108.2 |
114.6 |
|
Interest/Investment Income - Non-Operating |
1,628.2 |
589.3 |
371.3 |
146.3 |
308.6 |
|
Interest Income (Expense) - Net Non-Operating Total |
575.6 |
-426.4 |
-649.5 |
-732.8 |
-531.2 |
|
Other Non-Operating Income (Expense) |
-41.7 |
-87.4 |
-182.2 |
20.5 |
9.9 |
|
Other, Net |
-41.7 |
-87.4 |
-182.2 |
20.5 |
9.9 |
|
Income Before Tax |
12,472.4 |
9,764.6 |
4,282.1 |
8,740.9 |
9,492.3 |
|
|
|
|
|
|
|
|
Total Income Tax |
3,291.2 |
3,044.7 |
1,980.4 |
3,906.8 |
3,572.1 |
|
Income After Tax |
9,181.2 |
6,719.8 |
2,301.7 |
4,834.1 |
5,920.2 |
|
|
|
|
|
|
|
|
Minority Interest |
-577.0 |
-684.7 |
-340.7 |
-574.8 |
-355.9 |
|
Net Income Before Extraord Items |
8,604.1 |
6,035.1 |
1,960.9 |
4,259.3 |
5,564.3 |
|
Net Income |
8,604.1 |
6,035.1 |
1,960.9 |
4,259.3 |
5,564.3 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
8,604.1 |
6,035.1 |
1,960.9 |
4,259.3 |
5,564.3 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
8,604.1 |
6,035.1 |
1,960.9 |
4,259.3 |
5,564.3 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
918.5 |
918.5 |
918.5 |
930.1 |
977.8 |
|
Basic EPS Excl Extraord Items |
9.37 |
6.57 |
2.14 |
4.58 |
5.69 |
|
Basic/Primary EPS Incl Extraord Items |
9.37 |
6.57 |
2.14 |
4.58 |
5.69 |
|
Diluted Net Income |
8,604.1 |
6,035.1 |
1,960.9 |
4,259.3 |
5,564.3 |
|
Diluted Weighted Average Shares |
918.5 |
918.5 |
918.5 |
930.1 |
977.8 |
|
Diluted EPS Excl Extraord Items |
9.37 |
6.57 |
2.14 |
4.58 |
5.69 |
|
Diluted EPS Incl Extraord Items |
9.37 |
6.57 |
2.14 |
4.58 |
5.69 |
|
Dividends per Share - Common Stock Primary Issue |
3.48 |
2.91 |
2.36 |
2.85 |
2.67 |
|
Gross Dividends - Common Stock |
3,198.0 |
2,676.1 |
2,170.9 |
2,619.6 |
2,552.6 |
|
Interest Expense, Supplemental |
1,154.1 |
1,101.9 |
1,020.8 |
879.1 |
839.8 |
|
Interest Capitalized, Supplemental |
-101.5 |
-86.1 |
-80.7 |
-62.9 |
-60.2 |
|
Depreciation, Supplemental |
3,640.2 |
3,532.1 |
3,635.4 |
3,628.9 |
3,140.0 |
|
Total Special Items |
-546.4 |
210.6 |
700.9 |
577.8 |
153.3 |
|
Normalized Income Before Tax |
11,925.9 |
9,975.1 |
4,983.0 |
9,318.7 |
9,645.6 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
-144.2 |
65.7 |
324.2 |
258.2 |
57.7 |
|
Inc Tax Ex Impact of Sp Items |
3,147.0 |
3,110.4 |
2,304.6 |
4,165.0 |
3,629.8 |
|
Normalized Income After Tax |
8,778.9 |
6,864.7 |
2,678.4 |
5,153.7 |
6,015.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
8,201.9 |
6,180.1 |
2,337.7 |
4,578.8 |
5,659.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
8.93 |
6.73 |
2.55 |
4.92 |
5.79 |
|
Diluted Normalized EPS |
8.93 |
6.73 |
2.55 |
4.92 |
5.79 |
|
Amort of Intangibles, Supplemental |
1,081.8 |
931.0 |
1,219.7 |
880.5 |
752.8 |
|
Research & Development Exp, Supplemental |
2,231.7 |
1,976.0 |
1,944.2 |
1,981.9 |
1,888.4 |
|
Normalized EBIT |
12,119.2 |
11,430.6 |
5,814.6 |
10,031.0 |
10,166.9 |
|
Normalized EBITDA |
16,841.2 |
15,893.7 |
10,669.7 |
14,540.4 |
14,059.6 |
|
Current Tax - Domestic |
472.8 |
815.8 |
287.9 |
551.4 |
463.3 |
|
Current Tax - Foreign |
1,974.4 |
2,123.0 |
1,920.6 |
4,067.7 |
3,223.5 |
|
Current Tax - Other |
38.9 |
-194.7 |
-43.1 |
-304.2 |
-114.4 |
|
Current Tax - Total |
- |
- |
- |
- |
0.0 |
|
Current Tax - Total |
2,486.1 |
2,744.1 |
2,165.4 |
4,314.9 |
3,572.4 |
|
Deferred Tax - Total |
805.1 |
300.6 |
-185.0 |
-409.5 |
-0.3 |
|
Deferred Tax - Total |
805.1 |
300.6 |
-185.0 |
-409.5 |
-0.3 |
|
Income Tax - Total |
3,291.2 |
3,044.7 |
1,980.4 |
3,905.3 |
3,572.1 |
|
Interest Cost - Domestic |
1,156.9 |
1,084.7 |
1,086.2 |
958.1 |
804.8 |
|
Service Cost - Domestic |
347.6 |
291.4 |
339.3 |
365.7 |
369.5 |
|
Prior Service Cost - Domestic |
-8.3 |
-2.6 |
-4.2 |
-4.4 |
10.9 |
|
Curtailments & Settlements - Domestic |
7.0 |
-5.3 |
-296.2 |
-33.6 |
-4.1 |
|
Other Pension, Net - Domestic |
-1,137.4 |
-1,013.1 |
-938.7 |
-990.2 |
-860.9 |
|
Domestic Pension Plan Expense |
365.7 |
354.9 |
186.4 |
295.5 |
320.3 |
|
Defined Contribution Expense - Domestic |
300.3 |
256.9 |
208.6 |
125.8 |
106.8 |
|
Total Pension Expense |
666.0 |
611.9 |
395.0 |
421.3 |
427.0 |
|
Discount Rate - Domestic |
5.00% |
5.50% |
6.00% |
5.25% |
4.50% |
|
Discount Rate - Foreign |
4.74% |
5.17% |
5.59% |
5.87% |
5.31% |
|
Discount Rate - Post-Retirement |
8.00% |
8.00% |
7.50% |
8.00% |
6.25% |
|
Expected Rate of Return - Domestic |
5.28% |
5.13% |
5.42% |
5.18% |
4.93% |
|
Expected Rate of Return - Foreign |
5.49% |
6.28% |
6.60% |
7.20% |
7.35% |
|
Compensation Rate - Domestic |
2.75% |
2.75% |
2.75% |
2.75% |
2.50% |
|
Compensation Rate - Foreign |
3.79% |
3.91% |
3.82% |
4.56% |
4.46% |
|
Pension Payment Rate - Domestic |
1.75% |
2.00% |
2.00% |
2.00% |
1.75% |
|
Pension Payment Rate - Foreign |
1.00% |
0.92% |
0.76% |
0.60% |
0.56% |
|
Total Plan Interest Cost |
1,156.9 |
1,084.7 |
1,086.2 |
958.1 |
804.8 |
|
Total Plan Service Cost |
347.6 |
291.4 |
339.3 |
365.7 |
369.5 |
|
Total Plan Other Expense |
-1,137.4 |
-1,013.1 |
-938.7 |
-990.2 |
-860.9 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
0.719399 |
0.683971 |
|
Auditor |
KPMG AG |
KPMG AG |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
2,658.6 |
2,002.9 |
2,632.8 |
3,858.8 |
1,120.8 |
|
Short Term Investments |
49.3 |
103.3 |
152.1 |
173.8 |
74.1 |
|
Cash and Short Term Investments |
2,707.9 |
2,106.2 |
2,784.8 |
4,032.5 |
1,194.9 |
|
Accounts Receivable -
Trade, Gross |
14,683.4 |
14,173.5 |
11,601.4 |
11,201.0 |
13,049.4 |
|
Provision for Doubtful
Accounts |
-551.7 |
-533.9 |
-499.3 |
-425.4 |
-532.5 |
|
Trade Accounts Receivable - Net |
15,068.9 |
14,398.9 |
11,945.7 |
11,529.1 |
12,516.9 |
|
Other Receivables |
1,155.4 |
1,137.6 |
1,096.1 |
797.9 |
3,417.0 |
|
Total Receivables, Net |
16,224.3 |
15,536.5 |
13,041.9 |
12,327.0 |
15,933.9 |
|
Inventories - Work In Progress |
9,131.2 |
8,278.7 |
6,972.9 |
6,844.6 |
6,883.6 |
|
Inventories - Raw Materials |
3,793.2 |
3,255.9 |
2,647.1 |
2,459.0 |
2,631.1 |
|
Inventories - Other |
133.7 |
120.7 |
101.9 |
97.3 |
102.5 |
|
Total Inventory |
13,058.1 |
11,655.4 |
9,721.9 |
9,400.9 |
9,617.2 |
|
Prepaid Expenses |
257.0 |
217.3 |
256.8 |
271.1 |
- |
|
Other Current Assets |
2,916.9 |
3,836.8 |
2,297.0 |
3,540.5 |
898.0 |
|
Other Current Assets, Total |
2,916.9 |
3,836.8 |
2,297.0 |
3,540.5 |
898.0 |
|
Total Current Assets |
35,164.3 |
33,352.3 |
28,102.4 |
29,571.9 |
27,644.0 |
|
|
|
|
|
|
|
|
Land/Improvements |
11,597.7 |
11,796.2 |
11,579.9 |
10,383.7 |
10,544.7 |
|
Machinery/Equipment |
59,221.6 |
57,544.4 |
59,928.1 |
55,318.4 |
54,053.5 |
|
Construction in
Progress |
3,698.4 |
4,085.0 |
3,017.3 |
2,614.7 |
2,301.0 |
|
Property/Plant/Equipment - Gross |
74,517.7 |
73,425.7 |
74,525.2 |
68,316.8 |
66,899.2 |
|
Accumulated Depreciation |
-51,195.1 |
-50,296.1 |
-51,160.3 |
-47,421.6 |
-46,116.0 |
|
Property/Plant/Equipment - Net |
23,322.6 |
23,129.7 |
23,364.9 |
20,895.2 |
20,783.2 |
|
Goodwill, Net |
7,739.6 |
7,878.9 |
7,272.7 |
6,600.0 |
6,293.7 |
|
Intangibles - Gross |
11,879.4 |
12,555.6 |
11,813.7 |
10,647.8 |
- |
|
Accumulated Intangible Amortization |
-4,146.3 |
-4,007.2 |
-4,094.8 |
-3,501.5 |
- |
|
Intangibles, Net |
7,733.1 |
8,548.4 |
7,719.0 |
7,146.2 |
7,682.8 |
|
LT Investment - Affiliate Companies |
2,404.2 |
1,781.6 |
1,922.6 |
1,593.0 |
1,220.2 |
|
LT Investments - Other |
1,100.8 |
2,620.0 |
2,322.9 |
2,706.4 |
2,853.5 |
|
Long Term Investments |
3,505.0 |
4,401.6 |
4,245.4 |
4,299.4 |
4,073.7 |
|
Note Receivable - Long Term |
115.5 |
81.8 |
- |
- |
- |
|
Deferred Income Tax - Long Term Asset |
1,221.6 |
1,491.8 |
1,495.0 |
1,292.7 |
992.4 |
|
Other Long Term Assets |
612.7 |
794.2 |
1,357.3 |
892.4 |
957.2 |
|
Other Long Term Assets, Total |
1,834.3 |
2,286.0 |
2,852.3 |
2,185.2 |
1,949.6 |
|
Total Assets |
79,414.3 |
79,678.7 |
73,556.8 |
70,697.9 |
68,427.0 |
|
|
|
|
|
|
|
|
Accounts Payable |
6,647.8 |
6,356.3 |
3,997.2 |
3,800.4 |
5,502.1 |
|
Accrued Expenses |
1,013.9 |
1,200.7 |
866.6 |
209.9 |
- |
|
Notes Payable/Short Term Debt |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Current Portion - Long Term Debt/Capital Leases |
5,186.1 |
4,533.1 |
3,433.4 |
8,672.5 |
4,635.6 |
|
Customer Advances |
353.1 |
379.7 |
331.4 |
353.1 |
- |
|
Income Taxes Payable |
1,347.5 |
1,529.4 |
1,439.1 |
1,195.4 |
1,287.8 |
|
Other Current Liabilities |
6,841.3 |
6,886.2 |
6,690.2 |
8,419.5 |
6,823.4 |
|
Other Current liabilities, Total |
8,541.8 |
8,795.2 |
8,460.7 |
9,968.0 |
8,111.2 |
|
Total Current Liabilities |
21,389.6 |
20,885.3 |
16,757.9 |
22,650.9 |
18,248.9 |
|
|
|
|
|
|
|
|
Long Term Debt |
11,708.0 |
15,655.9 |
17,854.0 |
11,523.5 |
10,059.3 |
|
Capital Lease Obligations |
64.9 |
65.7 |
89.0 |
90.4 |
107.5 |
|
Total Long Term Debt |
11,772.9 |
15,721.6 |
17,943.0 |
11,613.9 |
10,166.8 |
|
Total Debt |
16,959.0 |
20,254.7 |
21,376.3 |
20,286.4 |
14,802.4 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
3,411.5 |
3,309.6 |
3,002.9 |
3,012.2 |
3,012.6 |
|
Deferred Income Tax |
3,411.5 |
3,309.6 |
3,002.9 |
3,012.2 |
3,012.6 |
|
Minority Interest |
1,617.5 |
1,681.0 |
1,624.1 |
1,599.9 |
1,419.9 |
|
Reserves |
4,329.3 |
4,496.9 |
4,718.9 |
3,832.4 |
4,408.1 |
|
Pension Benefits - Underfunded |
4,139.8 |
3,726.8 |
3,235.4 |
2,379.8 |
1,889.4 |
|
Other Long Term Liabilities |
1,417.6 |
1,143.0 |
1,199.5 |
1,184.3 |
1,317.2 |
|
Other Liabilities, Total |
9,886.7 |
9,366.7 |
9,153.7 |
7,396.5 |
7,614.6 |
|
Total Liabilities |
48,078.3 |
50,964.1 |
48,481.6 |
46,273.4 |
40,462.8 |
|
|
|
|
|
|
|
|
Common Stock |
1,526.6 |
1,577.7 |
1,687.3 |
1,634.7 |
1,789.8 |
|
Common Stock |
1,526.6 |
1,577.7 |
1,687.3 |
1,634.7 |
1,789.8 |
|
Additional Paid-In Capital |
4,158.0 |
4,314.4 |
4,632.8 |
4,505.2 |
4,639.2 |
|
Retained Earnings (Accumulated Deficit) |
25,243.8 |
21,219.3 |
18,531.2 |
18,418.2 |
21,281.0 |
|
Other Comprehensive Income |
407.6 |
1,603.2 |
223.8 |
-133.4 |
254.1 |
|
Other Equity, Total |
407.6 |
1,603.2 |
223.8 |
-133.4 |
254.1 |
|
Total Equity |
31,336.0 |
28,714.5 |
25,075.1 |
24,424.6 |
27,964.2 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
79,414.3 |
79,678.7 |
73,556.8 |
70,697.9 |
68,427.0 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
918.5 |
918.5 |
918.5 |
918.5 |
956.4 |
|
Total Common Shares Outstanding |
918.5 |
918.5 |
918.5 |
918.5 |
956.4 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
4.6 |
24.6 |
|
Employees |
108,321 |
109,140 |
104,779 |
96,924 |
95,175 |
|
Number of Common Shareholders |
400,000 |
400,000 |
460,000 |
460,000 |
460,000 |
|
Accumulated Intangible Amort, Suppl. |
4,146.3 |
4,007.2 |
4,094.8 |
3,501.5 |
2,862.8 |
|
Deferred Revenue - Current |
353.1 |
379.7 |
331.4 |
353.1 |
359.7 |
|
Deferred Revenue - Long Term |
0.0 |
0.0 |
261.1 |
226.6 |
236.9 |
|
Total Long Term Debt, Supplemental |
16,881.1 |
20,175.6 |
21,261.6 |
20,175.2 |
14,768.9 |
|
Long Term Debt Maturing within 1 Year |
5,173.1 |
4,519.7 |
3,407.5 |
8,651.7 |
4,602.1 |
|
Long Term Debt Maturing in Year 2 |
1,964.1 |
4,174.9 |
1,955.6 |
1,427.6 |
890.4 |
|
Long Term Debt Maturing in Year 3 |
2,549.6 |
2,817.3 |
4,400.4 |
1,947.5 |
1,951.1 |
|
Long Term Debt Maturing in Year 4 |
2,900.1 |
1,772.2 |
2,977.1 |
1,971.1 |
1,489.2 |
|
Long Term Debt Maturing in Year 5 |
2,000.4 |
3,406.2 |
1,906.8 |
2,778.7 |
2,322.6 |
|
Long Term Debt Maturing in 2-3 Years |
4,513.7 |
6,992.2 |
6,355.9 |
3,375.0 |
2,841.5 |
|
Long Term Debt Maturing in 4-5 Years |
4,900.5 |
5,178.4 |
4,883.9 |
4,749.8 |
3,811.9 |
|
Long Term Debt Matur. in Year 6 & Beyond |
2,293.8 |
3,485.3 |
6,614.2 |
3,398.7 |
3,513.5 |
|
Interest Costs |
-57.1 |
-37.6 |
-38.7 |
-40.3 |
-52.6 |
|
Total Capital Leases, Supplemental |
131.1 |
128.8 |
113.3 |
111.2 |
140.9 |
|
Capital Lease Payments Due in Year 1 |
36.3 |
47.0 |
33.0 |
27.8 |
41.8 |
|
Capital Lease Payments Due in Year 2 |
27.3 |
33.5 |
38.7 |
27.8 |
27.6 |
|
Capital Lease Payments Due in Year 3 |
23.4 |
20.1 |
23.0 |
30.6 |
26.9 |
|
Capital Lease Payments Due in Year 4 |
16.9 |
16.1 |
10.0 |
15.3 |
30.7 |
|
Capital Lease Payments Due in Year 5 |
16.9 |
13.4 |
8.6 |
9.7 |
14.9 |
|
Capital Lease Payments Due in 2-3 Years |
50.6 |
53.7 |
61.7 |
58.4 |
54.5 |
|
Capital Lease Payments Due in 4-5 Years |
33.8 |
29.5 |
18.7 |
25.0 |
45.6 |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
67.5 |
36.2 |
38.7 |
40.3 |
51.6 |
|
Total Operating Leases, Supplemental |
2,338.0 |
3,179.5 |
1,947.0 |
2,014.2 |
1,859.7 |
|
Operating Lease Payments Due in Year 1 |
804.9 |
698.9 |
539.5 |
389.2 |
427.2 |
|
Operating Lease Payments Due in Year 2 |
292.1 |
407.8 |
297.0 |
276.6 |
281.4 |
|
Operating Lease Payments Due in Year 3 |
257.0 |
324.7 |
243.9 |
222.4 |
191.1 |
|
Operating Lease Payments Due in Year 4 |
228.5 |
194.5 |
198.0 |
189.0 |
149.4 |
|
Operating Lease Payments Due in Year 5 |
171.4 |
1,082.6 |
167.9 |
164.0 |
116.4 |
|
Operating Lease Pymts. Due in 2-3 Years |
549.1 |
732.5 |
540.9 |
499.0 |
472.5 |
|
Operating Lease Pymts. Due in 4-5 Years |
399.8 |
1,277.2 |
365.9 |
353.1 |
265.8 |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
584.2 |
470.9 |
500.7 |
772.9 |
694.2 |
|
Pension Obligation - Domestic |
24,162.5 |
23,738.7 |
21,900.0 |
16,422.1 |
17,418.9 |
|
Plan Assets - Domestic |
20,214.8 |
20,426.4 |
19,813.9 |
14,352.3 |
17,562.1 |
|
Funded Status - Domestic |
-3,947.7 |
-3,312.3 |
-2,086.1 |
-2,069.8 |
143.3 |
|
Unfunded Plan Obligations |
2,800.1 |
2,687.1 |
2,104.8 |
1,063.4 |
940.1 |
|
Total Funded Status |
-6,747.8 |
-5,999.4 |
-4,190.9 |
-3,133.2 |
-796.8 |
|
Discount Rate - Domestic |
5.00% |
5.00% |
5.50% |
6.00% |
4.50% |
|
Discount Rate - Foreign |
4.34% |
4.74% |
5.17% |
5.86% |
5.31% |
|
Discount Rate - Post-Retirement |
8.00% |
8.00% |
8.00% |
7.50% |
6.25% |
|
Compensation Rate - Domestic |
2.75% |
2.75% |
2.75% |
2.75% |
2.50% |
|
Compensation Rate - Foreign |
3.71% |
3.79% |
3.91% |
4.44% |
4.46% |
|
Pension Payment Rate - Domestic |
2.00% |
1.75% |
2.00% |
2.00% |
1.75% |
|
Pension Payment Rate - Foreign |
0.70% |
1.00% |
0.92% |
0.51% |
0.56% |
|
Prepaid Benefits - Domestic |
166.2 |
348.8 |
787.7 |
229.4 |
609.7 |
|
Accrued Liabilities - Domestic |
-4,139.8 |
-3,726.8 |
-3,235.4 |
-1,745.9 |
-1,253.0 |
|
Accrued Liabilities - Post-Retirement |
- |
- |
- |
-633.9 |
-637.5 |
|
Net Assets Recognized on Balance Sheet |
-3,973.6 |
-3,378.0 |
-2,447.7 |
-2,150.4 |
-1,280.8 |
|
Equity % - Domestic |
28.00% |
31.00% |
27.00% |
22.00% |
30.00% |
|
Debt Securities % - Domestic |
63.00% |
60.00% |
63.00% |
66.00% |
60.00% |
|
Real Estate % - Domestic |
4.00% |
4.00% |
5.00% |
4.00% |
3.00% |
|
Other Investments % - Domestic |
5.00% |
5.00% |
5.00% |
8.00% |
7.00% |
|
Total Plan Obligations |
26,962.6 |
26,425.9 |
24,004.8 |
17,485.4 |
18,359.0 |
|
Total Plan Assets |
20,214.8 |
20,426.4 |
19,813.9 |
14,352.3 |
17,562.1 |
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
0.683679 |
0.730637 |
|
Auditor |
KPMG AG |
KPMG AG |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
8,604.1 |
6,035.1 |
1,960.9 |
4,259.3 |
5,564.3 |
|
Depreciation |
4,754.0 |
4,493.6 |
5,201.3 |
4,651.3 |
4,033.9 |
|
Depreciation/Depletion |
4,754.0 |
4,493.6 |
5,201.3 |
4,651.3 |
4,033.9 |
|
Unusual Items |
-2,124.6 |
-109.9 |
-73.7 |
-1.5 |
-58.4 |
|
Other Non-Cash Items |
-98.7 |
456.9 |
-547.9 |
422.7 |
-247.3 |
|
Non-Cash Items |
-2,223.3 |
347.0 |
-621.7 |
421.3 |
-305.8 |
|
Accounts Receivable |
-62.6 |
-2,435.5 |
2,871.9 |
-1,080.9 |
-1,181.8 |
|
Inventories |
-1,722.8 |
-1,776.0 |
1,521.5 |
198.9 |
-459.1 |
|
Other Liabilities |
525.6 |
1,986.5 |
-3,016.5 |
-1,076.5 |
273.6 |
|
Changes in Working Capital |
-1,259.8 |
-2,224.9 |
1,376.8 |
-1,958.5 |
-1,367.3 |
|
Cash from Operating Activities |
9,875.0 |
8,650.8 |
7,917.4 |
7,373.3 |
7,925.1 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-4,741.4 |
-3,374.5 |
-3,486.6 |
-3,687.4 |
-3,507.1 |
|
Capital Expenditures |
-4,741.4 |
-3,374.5 |
-3,486.6 |
-3,687.4 |
-3,507.1 |
|
Acquisition of Business |
-205.8 |
-801.2 |
-2,098.6 |
-931.7 |
-869.5 |
|
Sale of Business |
924.7 |
56.9 |
86.2 |
106.8 |
135.2 |
|
Sale of Fixed Assets |
2,087.1 |
1,157.5 |
713.4 |
879.1 |
330.7 |
|
Investment, Net |
-481.1 |
-635.7 |
-891.5 |
-1,427.6 |
-1,033.8 |
|
Other Investing Cash Flow Items, Total |
2,324.8 |
-222.5 |
-2,190.4 |
-1,373.5 |
-1,437.4 |
|
Cash from Investing Activities |
-2,416.6 |
-3,597.0 |
-5,677.0 |
-5,060.9 |
-4,944.4 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-635.4 |
-490.0 |
-414.4 |
-476.8 |
-191.6 |
|
Financing Cash Flow Items |
-635.4 |
-490.0 |
-414.4 |
-476.8 |
-191.6 |
|
Cash Dividends Paid - Common |
-2,810.1 |
-2,067.3 |
-2,490.8 |
-2,678.2 |
-2,031.0 |
|
Total Cash Dividends Paid |
-2,810.1 |
-2,067.3 |
-2,490.8 |
-2,678.2 |
-2,031.0 |
|
Repurchase/Retirement
of Common |
- |
- |
- |
-2,366.6 |
-2,599.2 |
|
Common Stock, Net |
44.5 |
-23.8 |
-186.4 |
-2,300.8 |
-2,394.1 |
|
Issuance (Retirement) of Stock, Net |
44.5 |
-23.8 |
-186.4 |
-2,300.8 |
-2,394.1 |
|
Long Term Debt
Reduction |
-6,504.5 |
-7,911.8 |
-7,713.0 |
-3,045.3 |
-2,771.8 |
|
Long Term Debt, Net |
-3,298.2 |
-3,039.4 |
-463.1 |
6,127.1 |
1,556.4 |
|
Issuance (Retirement) of Debt, Net |
-3,298.2 |
-3,039.4 |
-463.1 |
6,127.1 |
1,556.4 |
|
Cash from Financing Activities |
-6,699.2 |
-5,620.6 |
-3,554.7 |
671.4 |
-3,060.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
12.5 |
113.9 |
5.6 |
-45.3 |
-13.0 |
|
Net Change in Cash |
771.7 |
-452.9 |
-1,308.7 |
2,938.5 |
-92.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
2,075.9 |
2,430.2 |
3,860.7 |
1,121.9 |
1,141.7 |
|
Net Cash - Ending Balance |
2,847.6 |
1,977.3 |
2,552.0 |
4,060.4 |
1,049.2 |
|
Cash Interest Paid |
817.6 |
846.3 |
726.0 |
681.6 |
687.2 |
|
Cash Taxes Paid |
2,377.7 |
2,716.3 |
2,294.7 |
4,859.0 |
3,328.1 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
0.683679 |
0.730637 |
|
Auditor |
KPMG AG |
KPMG AG |
KPMG AG |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
102,194.2 |
84,591.2 |
70,500.3 |
91,130.5 |
79,316.1 |
|
Total Revenue |
102,194.2 |
84,591.2 |
70,500.3 |
91,130.5 |
79,316.1 |
|
|
|
|
|
|
|
|
Cost of Sales |
75,065.1 |
60,007.0 |
51,014.8 |
67,948.5 |
57,346.4 |
|
Selling |
10,182.3 |
8,873.3 |
7,881.3 |
8,449.9 |
7,644.8 |
|
General & Admin. |
1,828.4 |
1,507.1 |
1,575.7 |
1,547.5 |
1,460.4 |
|
Research/Development |
2,231.7 |
1,976.0 |
1,944.2 |
1,981.9 |
1,888.4 |
|
Other Income |
-1,464.1 |
-994.6 |
-1,543.7 |
-1,804.9 |
-1,297.5 |
|
Gain on Sale of Assets |
-926.0 |
-133.8 |
-109.9 |
-102.4 |
-143.7 |
|
Wite-ups of Tangibles |
0.0 |
-53.0 |
0.0 |
- |
- |
|
Investments |
-401.8 |
-328.4 |
- |
- |
- |
|
Other Expenses |
1,722.8 |
1,464.7 |
2,816.2 |
2,414.9 |
1,816.6 |
|
Impairments of Intangibles |
- |
- |
- |
54.1 |
- |
|
Impairments of Fixed Assets |
- |
- |
- |
371.5 |
- |
|
Restructuring Measures |
324.0 |
365.5 |
762.1 |
215.0 |
162.9 |
|
Amortization/Depreciation |
508.9 |
327.1 |
997.2 |
561.7 |
290.2 |
|
Loss on Sale of Assets |
55.6 |
31.8 |
48.7 |
39.5 |
134.1 |
|
Investment Losses |
1,129.0 |
1,270.1 |
- |
- |
- |
|
Total Operating Expense |
90,255.8 |
74,312.8 |
65,386.6 |
81,677.2 |
69,302.5 |
|
|
|
|
|
|
|
|
Income from Associates |
66.7 |
266.2 |
84.8 |
-96.5 |
78.2 |
|
Other Income from Participations |
1,343.2 |
181.4 |
155.8 |
108.2 |
36.4 |
|
Other Expenses from Participations |
-41.7 |
-51.7 |
-55.6 |
-119.9 |
- |
|
Securities Income |
1.4 |
1.3 |
- |
- |
- |
|
Interest Capitalized |
101.5 |
86.1 |
- |
- |
- |
|
Interest Income |
262.8 |
198.7 |
186.4 |
254.5 |
194.1 |
|
Interest Expense |
-1,060.9 |
-1,023.7 |
-1,020.8 |
-879.1 |
-839.8 |
|
Other Interest Expenses |
-93.2 |
-78.1 |
- |
- |
- |
|
Investments |
-4.2 |
-6.6 |
- |
- |
- |
|
Other Financial Expenses |
-1,202.7 |
-1,146.9 |
-1,243.3 |
-1,108.7 |
- |
|
Other Financial Income |
1,161.0 |
1,059.5 |
1,061.1 |
1,129.2 |
- |
|
Other Financial |
- |
- |
- |
- |
9.9 |
|
Net Income Before Taxes |
12,472.4 |
9,764.6 |
4,282.1 |
8,740.9 |
9,492.3 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
3,291.2 |
3,044.7 |
1,980.4 |
3,906.8 |
3,572.1 |
|
Net Income After Taxes |
9,181.2 |
6,719.8 |
2,301.7 |
4,834.1 |
5,920.2 |
|
|
|
|
|
|
|
|
Minority Interests |
-577.0 |
-684.7 |
-340.7 |
-574.8 |
-355.9 |
|
Net Income Before Extra. Items |
8,604.1 |
6,035.1 |
1,960.9 |
4,259.3 |
5,564.3 |
|
Net Income |
8,604.1 |
6,035.1 |
1,960.9 |
4,259.3 |
5,564.3 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
8,604.1 |
6,035.1 |
1,960.9 |
4,259.3 |
5,564.3 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
8,604.1 |
6,035.1 |
1,960.9 |
4,259.3 |
5,564.3 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
918.5 |
918.5 |
918.5 |
930.1 |
977.8 |
|
Basic EPS Excluding ExtraOrdinary Items |
9.37 |
6.57 |
2.13 |
4.58 |
5.69 |
|
Basic EPS Including ExtraOrdinary Item |
9.37 |
6.57 |
2.13 |
4.58 |
5.69 |
|
Diluted Net Income |
8,604.1 |
6,035.1 |
1,960.9 |
4,259.3 |
5,564.3 |
|
Diluted Weighted Average Shares |
918.5 |
918.5 |
918.5 |
930.1 |
977.8 |
|
Diluted EPS Excluding ExtraOrd Items |
9.37 |
6.57 |
2.13 |
4.58 |
5.69 |
|
Diluted EPS Including ExtraOrd Items |
9.37 |
6.57 |
2.13 |
4.58 |
5.69 |
|
DPS-Common Stock |
3.48 |
2.91 |
2.36 |
2.85 |
2.67 |
|
Gross Dividends - Common Stock |
3,198.0 |
2,676.1 |
2,170.9 |
2,619.6 |
2,552.6 |
|
Normalized Income Before Taxes |
11,925.9 |
9,975.1 |
4,983.0 |
9,318.7 |
9,645.6 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
3,147.0 |
3,110.4 |
2,304.6 |
4,165.0 |
3,629.8 |
|
Normalized Income After Taxes |
8,778.9 |
6,864.7 |
2,678.4 |
5,153.7 |
6,015.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
8,201.9 |
6,180.1 |
2,337.7 |
4,578.8 |
5,659.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
8.93 |
6.73 |
2.55 |
4.92 |
5.79 |
|
Diluted Normalized EPS |
8.93 |
6.73 |
2.55 |
4.92 |
5.79 |
|
Research & Development Expenses |
2,231.7 |
1,976.0 |
1,944.2 |
1,981.9 |
1,888.4 |
|
Interest Expenses |
1,154.1 |
1,101.9 |
1,020.8 |
879.1 |
839.8 |
|
Amortisation of Intangibles |
1,081.8 |
931.0 |
1,219.7 |
880.5 |
752.8 |
|
Depreciation |
3,640.2 |
3,532.1 |
3,635.4 |
3,628.9 |
3,140.0 |
|
Interest Capitalized |
-101.5 |
-86.1 |
-80.7 |
-62.9 |
-60.2 |
|
Current Taxes-Total |
- |
- |
- |
- |
0.0 |
|
Current Tax -German |
472.8 |
815.8 |
287.9 |
551.4 |
463.3 |
|
Current Tax-Foreign |
1,974.4 |
2,123.0 |
1,920.6 |
4,067.7 |
3,223.5 |
|
Current Tax-Other |
38.9 |
-194.7 |
-43.1 |
-304.2 |
-114.4 |
|
Current Tax - Total |
2,486.1 |
2,744.1 |
2,165.4 |
4,314.9 |
3,572.4 |
|
Deferred Taxes |
805.1 |
300.6 |
-185.0 |
-409.5 |
-0.3 |
|
Deferred Tax - Total |
805.1 |
300.6 |
-185.0 |
-409.5 |
-0.3 |
|
Income Tax - Total |
3,291.2 |
3,044.7 |
1,980.4 |
3,905.3 |
3,572.1 |
|
Service Cost - Pension |
347.6 |
291.4 |
339.3 |
365.7 |
369.5 |
|
Interest Cost - Pension |
1,156.9 |
1,084.7 |
1,086.2 |
958.1 |
804.8 |
|
Amort. of Prior Service Cost - Pension |
-8.3 |
-2.6 |
-4.2 |
-4.4 |
10.9 |
|
Settlement (Gains)/Losses - Pension |
7.0 |
-5.3 |
-296.2 |
-33.6 |
-4.1 |
|
Expected Return on Assets - Pension |
-1,137.4 |
-1,013.1 |
-938.7 |
-990.2 |
-903.3 |
|
Expenses for Similar Obligations |
- |
- |
- |
- |
8.2 |
|
Expenses for Similar Obligations |
- |
- |
- |
- |
34.2 |
|
Domestic Pension Plan Expense |
365.7 |
354.9 |
186.4 |
295.5 |
320.3 |
|
Defined Contribution Plans |
300.3 |
256.9 |
208.6 |
125.8 |
106.8 |
|
Total Pension Expense |
666.0 |
611.9 |
395.0 |
421.3 |
427.0 |
|
Discount Rate - Germany |
5.00% |
5.50% |
6.00% |
5.25% |
4.50% |
|
Compensation Rate - Germany |
2.75% |
2.75% |
2.75% |
2.75% |
2.50% |
|
Pension Payment Rate - Germany |
1.75% |
2.00% |
2.00% |
2.00% |
1.75% |
|
Expected Rate of Return - Germany |
5.28% |
5.13% |
5.42% |
5.18% |
4.93% |
|
Discount Rate - Foreign |
4.74% |
5.17% |
5.59% |
5.87% |
5.31% |
|
Compensation Rate - Foreign |
3.79% |
3.91% |
3.82% |
4.56% |
4.46% |
|
Pension Payment Rate - Foreign |
1.00% |
0.92% |
0.76% |
0.60% |
0.56% |
|
Expected Rate of Return - Foreign |
5.49% |
6.28% |
6.60% |
7.20% |
7.35% |
|
Discount Rate - Post Retirement |
8.00% |
8.00% |
7.50% |
8.00% |
6.25% |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
0.719399 |
0.683971 |
|
Auditor |
KPMG AG |
KPMG AG |
KPMG AG |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Raw Materials |
3,793.2 |
3,255.9 |
2,647.1 |
2,459.0 |
2,631.1 |
|
Work in Process |
9,131.2 |
8,278.7 |
6,972.9 |
6,844.6 |
6,883.6 |
|
Construction |
133.7 |
120.7 |
101.9 |
97.3 |
102.5 |
|
Trade Receivables, Gross |
14,683.4 |
14,173.5 |
11,601.4 |
11,201.0 |
13,049.4 |
|
Provision for Doubtful Accounts |
-551.7 |
-533.9 |
-499.3 |
-425.4 |
-532.5 |
|
Receivables from Associates |
937.3 |
759.3 |
843.6 |
753.4 |
- |
|
Other Assets |
2,534.0 |
3,013.1 |
2,297.0 |
3,540.5 |
- |
|
Prepaid Expenses |
257.0 |
217.3 |
256.8 |
271.1 |
- |
|
Loans |
24.7 |
81.8 |
130.6 |
125.1 |
- |
|
Other Receivables/Other Assets |
1,155.4 |
1,137.6 |
1,096.1 |
797.9 |
3,417.0 |
|
Investments |
24.7 |
21.5 |
21.5 |
48.7 |
74.1 |
|
Cash/Equivalents |
2,658.6 |
2,002.9 |
2,632.8 |
3,858.8 |
1,120.8 |
|
Assets Held for Disposal |
383.0 |
823.7 |
- |
0.0 |
898.0 |
|
Total Current Assets |
35,164.3 |
33,352.3 |
28,102.4 |
29,571.9 |
27,644.0 |
|
|
|
|
|
|
|
|
Goodwill |
7,739.6 |
7,878.9 |
7,272.7 |
6,600.0 |
6,293.7 |
|
Intangibles, Gross |
11,879.4 |
12,555.6 |
11,813.7 |
10,647.8 |
- |
|
Amortization |
-4,146.3 |
-4,007.2 |
-4,094.8 |
-3,501.5 |
- |
|
Intangibles |
- |
- |
- |
- |
7,682.8 |
|
Land/Buildings |
11,597.7 |
11,796.2 |
11,579.9 |
10,383.7 |
10,544.7 |
|
Machinery/Equip. |
55,097.4 |
53,459.4 |
55,715.6 |
51,402.7 |
50,114.8 |
|
Equip./Fixtures |
4,124.2 |
4,085.0 |
4,212.4 |
3,915.8 |
3,938.6 |
|
Constr. in Prog. |
3,698.4 |
4,085.0 |
3,017.3 |
2,614.7 |
2,301.0 |
|
Depreciation |
-51,195.1 |
-50,296.1 |
-51,160.3 |
-47,421.6 |
-46,116.0 |
|
Investment Equity Method |
2,404.2 |
1,781.6 |
1,922.6 |
1,593.0 |
1,220.2 |
|
Financials Asset |
1,100.8 |
2,620.0 |
2,322.9 |
2,706.4 |
2,853.5 |
|
Deferred Taxes |
1,221.6 |
1,491.8 |
1,495.0 |
1,292.7 |
992.4 |
|
Receivables |
115.5 |
81.8 |
- |
- |
- |
|
Other Long-term Assets |
612.7 |
794.2 |
1,357.3 |
892.4 |
957.2 |
|
Total Assets |
79,414.3 |
79,678.7 |
73,556.8 |
70,697.9 |
68,427.0 |
|
|
|
|
|
|
|
|
Accounts Payable |
6,647.8 |
6,356.3 |
3,997.2 |
3,800.4 |
5,502.1 |
|
Tax |
1,347.5 |
1,529.4 |
1,439.1 |
1,195.4 |
1,287.8 |
|
Provisions |
4,167.1 |
4,459.3 |
4,700.2 |
4,229.9 |
3,942.6 |
|
Short-term Debt |
5,173.1 |
4,519.7 |
3,407.5 |
8,651.7 |
4,602.1 |
|
Current Portion of Capital Leases |
13.0 |
13.4 |
25.8 |
20.9 |
33.5 |
|
Customer Advances |
353.1 |
379.7 |
331.4 |
353.1 |
- |
|
Accrued Expenses |
1,013.9 |
1,200.7 |
866.6 |
209.9 |
- |
|
Other Liabilities |
2,561.2 |
2,165.3 |
1,990.0 |
4,189.6 |
2,855.7 |
|
Liabilities Held for Disposal |
112.9 |
261.6 |
- |
0.0 |
25.1 |
|
Total Current Liabilities |
21,389.6 |
20,885.3 |
16,757.9 |
22,650.9 |
18,248.9 |
|
|
|
|
|
|
|
|
Bank Debt |
11,708.0 |
15,655.9 |
17,854.0 |
11,523.5 |
10,059.3 |
|
Capital Leases |
64.9 |
65.7 |
89.0 |
90.4 |
107.5 |
|
Total Long Term Debt |
11,772.9 |
15,721.6 |
17,943.0 |
11,613.9 |
10,166.8 |
|
|
|
|
|
|
|
|
Pension Provision |
4,139.8 |
3,726.8 |
3,235.4 |
2,379.8 |
1,889.4 |
|
Other Provisions |
4,329.3 |
4,496.9 |
4,718.9 |
3,832.4 |
4,408.1 |
|
Deferred Taxes |
3,411.5 |
3,309.6 |
3,002.9 |
3,012.2 |
3,012.6 |
|
Other Long-term Liabilities |
1,417.6 |
1,143.0 |
1,199.5 |
1,184.3 |
1,317.2 |
|
Minority Interest |
1,617.5 |
1,681.0 |
1,624.1 |
1,599.9 |
1,419.9 |
|
Total Liabilities |
48,078.3 |
50,964.1 |
48,481.6 |
46,273.4 |
40,462.8 |
|
|
|
|
|
|
|
|
Common Stock |
1,526.6 |
1,577.7 |
1,687.3 |
1,634.7 |
1,789.8 |
|
Paid-in Capital |
4,158.0 |
4,314.4 |
4,632.8 |
4,505.2 |
4,639.2 |
|
Retained Earnings |
25,243.8 |
21,219.3 |
18,531.2 |
18,418.2 |
21,281.0 |
|
Other Comprehensive Income |
407.6 |
1,603.2 |
223.8 |
-133.4 |
254.1 |
|
Total Equity |
31,336.0 |
28,714.5 |
25,075.1 |
24,424.6 |
27,964.2 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
79,414.3 |
79,678.7 |
73,556.8 |
70,697.9 |
68,427.0 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
918.5 |
918.5 |
918.5 |
918.5 |
956.4 |
|
Total Common Shares Outstanding |
918.5 |
918.5 |
918.5 |
918.5 |
956.4 |
|
T/S-Common Stock |
0.0 |
0.0 |
0.0 |
4.6 |
24.6 |
|
Deferred Revenue- ST |
353.1 |
379.7 |
331.4 |
353.1 |
359.7 |
|
Deferred Revenue- LT |
0.0 |
0.0 |
261.1 |
226.6 |
236.9 |
|
Accumulated Intangible Amortisation |
4,146.3 |
4,007.2 |
4,094.8 |
3,501.5 |
2,862.8 |
|
Full-Time Employees |
108,321 |
109,140 |
104,779 |
96,924 |
95,175 |
|
Number of Common Shareholders |
400,000 |
400,000 |
460,000 |
460,000 |
460,000 |
|
LTD < 1 Year |
5,173.1 |
4,519.7 |
3,407.5 |
8,651.7 |
4,602.1 |
|
LTD 1-2 Years |
1,964.1 |
4,174.9 |
1,955.6 |
1,427.6 |
890.4 |
|
LTD 2-3 Years |
2,549.6 |
2,817.3 |
4,400.4 |
1,947.5 |
1,951.1 |
|
LTD 3-4 Years |
2,900.1 |
1,772.2 |
2,977.1 |
1,971.1 |
1,489.2 |
|
LTD 4-5 Years |
2,000.4 |
3,406.2 |
1,906.8 |
2,778.7 |
2,322.6 |
|
LTD > 5 Years |
2,293.8 |
3,485.3 |
6,614.2 |
3,398.7 |
3,513.5 |
|
Total Long Term Debt, Supplemental |
16,881.1 |
20,175.6 |
21,261.6 |
20,175.2 |
14,768.9 |
|
Financing Leases due within 1 Year |
36.3 |
47.0 |
33.0 |
27.8 |
41.8 |
|
Financing Leases due within 2 Years |
27.3 |
33.5 |
38.7 |
27.8 |
27.6 |
|
Financing Leases due within 3 Years |
23.4 |
20.1 |
23.0 |
30.6 |
26.9 |
|
Financing Leases due within 4 Years |
16.9 |
16.1 |
10.0 |
15.3 |
30.7 |
|
Financing Leases due within 5 Years |
16.9 |
13.4 |
8.6 |
9.7 |
14.9 |
|
Financing Leases due after 5 Years |
67.5 |
36.2 |
38.7 |
40.3 |
51.6 |
|
Interest Portion |
-57.1 |
-37.6 |
-38.7 |
-40.3 |
-52.6 |
|
Total Capital Leases |
131.1 |
128.8 |
113.3 |
111.2 |
140.9 |
|
Rental & Lease Contracts < 1 Year |
804.9 |
698.9 |
539.5 |
389.2 |
427.2 |
|
Rental & Lease Contracts 1-2 Years |
292.1 |
407.8 |
297.0 |
276.6 |
281.4 |
|
Rental & Lease Contracts 2-3 Years |
257.0 |
324.7 |
243.9 |
222.4 |
191.1 |
|
Rental & Lease Contracts 3-4 Years |
228.5 |
194.5 |
198.0 |
189.0 |
149.4 |
|
Rental & Lease Contracts 4-5 Years |
171.4 |
- |
167.9 |
164.0 |
116.4 |
|
Rental & Lease Contracts 1-5 Years |
- |
1,082.6 |
- |
- |
- |
|
Rental & Lease Contracts > 5 Years |
584.2 |
470.9 |
500.7 |
772.9 |
694.2 |
|
Total Operating Leases |
2,338.0 |
3,179.5 |
1,947.0 |
2,014.2 |
1,859.7 |
|
Funded DB Obligation - Pension |
24,162.5 |
23,738.7 |
21,900.0 |
16,422.1 |
17,418.9 |
|
FV of Plan Assets - Pension |
20,214.8 |
20,426.4 |
19,813.9 |
14,352.3 |
17,562.1 |
|
Funded Status - Pension |
-3,947.7 |
-3,312.3 |
-2,086.1 |
-2,069.8 |
143.3 |
|
Unfunded DB Obligations - Pension |
2,800.1 |
2,687.1 |
2,104.8 |
1,063.4 |
940.1 |
|
Total Funded Status |
-6,747.8 |
-5,999.4 |
-4,190.9 |
-3,133.2 |
-796.8 |
|
Discount Rate - Germany |
5.00% |
5.00% |
5.50% |
6.00% |
4.50% |
|
Compensation Rate - Germany |
2.75% |
2.75% |
2.75% |
2.75% |
2.50% |
|
Pension Payment Rate - Germany |
2.00% |
1.75% |
2.00% |
2.00% |
1.75% |
|
Discount Rate - Foreign |
4.34% |
4.74% |
5.17% |
5.86% |
5.31% |
|
Compensation Rate - Foreign |
3.71% |
3.79% |
3.91% |
4.44% |
4.46% |
|
Pension Payment Rate - Foreign |
0.70% |
1.00% |
0.92% |
0.51% |
0.56% |
|
Discount Rate - Post Retirement |
8.00% |
8.00% |
8.00% |
7.50% |
6.25% |
|
Prepaid Assets - Pension |
166.2 |
348.8 |
787.7 |
229.4 |
609.7 |
|
Provisions - Pension |
-4,139.8 |
-3,726.8 |
-3,235.4 |
-1,745.9 |
-1,253.0 |
|
Provisions for Similar Oblig. - Post Ret |
- |
- |
- |
-633.9 |
-637.5 |
|
Net Assets Recognized on Balance Sheet |
-3,973.6 |
-3,378.0 |
-2,447.7 |
-2,150.4 |
-1,280.8 |
|
Equities % - Pension |
28.00% |
31.00% |
27.00% |
22.00% |
30.00% |
|
Debt Securities % - Pension |
63.00% |
60.00% |
63.00% |
66.00% |
60.00% |
|
Real Estate % - Pension |
4.00% |
4.00% |
5.00% |
4.00% |
3.00% |
|
Other % - Pension |
5.00% |
5.00% |
5.00% |
8.00% |
7.00% |
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
0.683679 |
0.730637 |
|
Auditor |
KPMG AG |
KPMG AG |
KPMG AG |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
8,604.1 |
6,035.1 |
1,960.9 |
4,259.3 |
5,564.3 |
|
Depreciation |
4,754.0 |
4,493.6 |
5,201.3 |
4,651.3 |
4,033.9 |
|
Pension/Other Prov. |
-94.6 |
361.6 |
-547.9 |
396.4 |
-224.2 |
|
Disposal of Assets |
-2,124.6 |
-109.9 |
-73.7 |
-1.5 |
-58.4 |
|
Inventories |
-1,722.8 |
-1,776.0 |
1,521.5 |
198.9 |
-459.1 |
|
Receivables |
-62.6 |
-2,435.5 |
2,871.9 |
-1,080.9 |
-1,181.8 |
|
Liab./Provisions |
525.6 |
1,986.5 |
-3,016.5 |
-1,076.5 |
273.6 |
|
Scope of Consolidat. |
-4.2 |
95.4 |
- |
26.3 |
-23.1 |
|
Cash from Operating Activities |
9,875.0 |
8,650.8 |
7,917.4 |
7,373.3 |
7,925.1 |
|
|
|
|
|
|
|
|
Capital Expenditures |
-4,741.4 |
-3,374.5 |
-3,486.6 |
-3,687.4 |
-3,507.1 |
|
Financial Investments |
-481.1 |
-635.7 |
-891.5 |
-1,427.6 |
-1,033.8 |
|
Acquisitions |
-205.8 |
-801.2 |
-2,098.6 |
-931.7 |
-869.5 |
|
Divestitures |
924.7 |
56.9 |
86.2 |
106.8 |
135.2 |
|
Dispos. Fixed Assets |
2,087.1 |
1,157.5 |
713.4 |
879.1 |
330.7 |
|
Cash from Investing Activities |
-2,416.6 |
-3,597.0 |
-5,677.0 |
-5,060.9 |
-4,944.4 |
|
|
|
|
|
|
|
|
Issue Common |
44.5 |
-23.8 |
-186.4 |
65.8 |
205.2 |
|
Share Repurchase |
- |
- |
- |
-2,366.6 |
-2,599.2 |
|
Financ. Indeb. |
3,206.4 |
4,872.3 |
7,249.9 |
9,172.4 |
4,328.3 |
|
Repay. Finan. Indeb. |
-6,504.5 |
-7,911.8 |
-7,713.0 |
-3,045.3 |
-2,771.8 |
|
Dividends |
-2,810.1 |
-2,067.3 |
-2,490.8 |
-2,678.2 |
-2,031.0 |
|
Minority Interest |
-635.4 |
-490.0 |
-414.4 |
-476.8 |
-191.6 |
|
Cash from Financing Activities |
-6,699.2 |
-5,620.6 |
-3,554.7 |
671.4 |
-3,060.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
12.5 |
113.9 |
5.6 |
-45.3 |
-13.0 |
|
Net Change in Cash |
771.7 |
-452.9 |
-1,308.7 |
2,938.5 |
-92.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
2,075.9 |
2,430.2 |
3,860.7 |
1,121.9 |
1,141.7 |
|
Net Cash - Ending Balance |
2,847.6 |
1,977.3 |
2,552.0 |
4,060.4 |
1,049.2 |
|
Cash Interest Paid |
817.6 |
846.3 |
726.0 |
681.6 |
687.2 |
|
Cash Taxes Paid |
2,377.7 |
2,716.3 |
2,294.7 |
4,859.0 |
3,328.1 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.81 |
|
|
1 |
Rs.86.52 |
|
Euro |
1 |
Rs.69.50 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.