Ten-year summary

Please refer to our section "Reports" for updates on a quarterly basis.

Starting in 2005, the accounting and reporting of the BASF Group is performed in accordance with International Financial Reporting Standards (IFRS). The previous year’s gures have been restated in accordance with IFRS. The figures for years up to and including 2003 were prepared in accordance with German GAAP.

Million €	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
Sales and Earnings¹
Sales	27,643	29.,473	35,946	32,500	32,216	33,361	37,537	42,745	52,610	57,951
Income before depreciation and amortization (EBITDA)	4,884	4,671	5,986	4,142	5,105	5,110	7,685	8,233	9,723	10,225
Income from operations (EBIT)	2,624	2,009	3,070	1,217	2,641	2,658	5,193	5,830	6,750	7,316
Income from ordinary activities	2,771	2,606	2,827	609	2,641	2,168	4,347	5,926	6,527	6,935
Extraordinary income	-	-	-	6,121	-	-	-	-	-	-
Income before taxes and minority interests	2,771	2,606	2,827	6,730	2,641	2,168	4,347	5,926	6,527	6,935
Income before minority interests	1,664	1,245	1,282	5,826	1,599	976	2,133	3,168	3,466	4,325
Net income	1,699	1,237	1,240	5,858	1,504	910	2,004	3,007	3,215	4,065

Capital expenditures and depreciation¹
Additions to tangible and intangible assets	3,722	3,253	6,931	3,313	3,055	3,415	2,163	2,523	10,039	4,425
Thereof property, plant and equipment	2,899	2,764	3,631	3,037	2,677	2,293	2,022	2,188	4,068	2,564
Depreciation of tangible and intangible assets	2,260	2,662	2,916	2,925	2,464	2,452	2,492	2,403	2,973	2,909
Thereof property, plant and equipment	1,843	2,018	2,245	2,307	2,012	1,951	2,053	2,035	2,482	2,294

Number of employees
At year-end	105,945	104,628	103,273	92,545	89,389	87,159	81,955	80,945	95,247	95,175
Annual Average	106,928	107,163	105,784	94,744	90,899	88,167	85,022	80,992	88,160	94,893

Personnel costs¹	6,010	6,180	6,596	6,028	5,975	5,891	5,615	5,574	6,210	6,648

Key data¹
Earnings per share (€)	2.73	2.00	2.02	9.72²	2.60	1.62	3.65	5.73	6.37	8.32
Cash provided by operating activities	3,744	3,255	2,992	2,319	2,313	4,878	4,634	5,250³	5.940	5,807
EBITDA in percent of sales	17.7	15.8	16.7	12.7	15.8	15.3	20.5	19.3	18.5	17.6
Return on assets (%)	11.9	10.2	9.9	3.1	8.4	7.4	13.2	17.7	17.5	16.4
Return on equity after tax (%)	13.2	9.1	9.0	36.62	9.3	6.0	12.9	18.6	19.2	22.4

Appropriation of profits
Net income of BASF SE⁴	1,074	1,007	1,265	5,904	1,045	1,103	1,363	1,273	1,951	2,267
Transfer to retained earnings⁴	381	304	50	5,153	247	334	449	-	-	-
Dividend	693	695	1.214	758	789	774	904	1,015	1,484	1,865⁵
Dividend per share (€)	1.12	1.13	1.30	1.30	1.40	1.40	1.70	2.00	3.00	3.90
			+0.70⁶
Number of shares as of December 31 (in thousands)⁷	623,794	620,985	607,399	583,401	570,316	556,643	540,440	514,379	499,680	478,185

Starting in 2005, the accounting and reporting of the BASF Group is performed in accordance with International Financial Reporting Standards (IFRS). The 2004 figures have been reported in accordance with IFRS. The figures for years up to and including 2003 were prepared according to the German Commercial Code.

Including extraordinary income

Before external financing of pension obligations

⁴

Calculated in accordance with the German Commercial Code

⁵

With regard to the number of qualifying shares on December 31, 2006

⁶

Special dividend of stockholders‘ equity charged with 45% corporate income tax

⁷

After deduction of repurchased shares intended to be cancelled

Balance Sheet (IFRS)

million €	2004	2005	2006	2007
Intangible assets	3,607	3,720	8,922	9,559
Property, plant and equipment	13,063	13,987	14,902	14,215
Investments accounted for using the equity method	1,100	244	651	834
Other financial assets	938	813	1,190	1,952
Deferred taxes	1,337	1,255	622	679
Other receivables and miscellaneous long-term assets	473	524	612	655
Long-term assets	20,518	20,543	26,899	27,894

Inventories	4,645	5,430	6,672	6,578
Accounts receivable, trade	5,861	7,020	8,223	8,561
Other receivables and miscellaneous short-term assets	2,133	1,586	2,607	2,337
Marketable securities	205	183	56	51
Cash and cash equivalents	2,086	908	834	767
Assets of disposal groups	-	-	-	614
Short-term assets	14,930	15,127	18,392	18,908

Total assets	35,448	35,670	45,291	46,802


Subscribed capital	1,383	1,317	1,279	1,224
Capital surplus	3,028	3,100	3,141	3,173
Retained earnings	11,923	11,928	13,302	14,556
Other comprehensive income	(60)	696	325	174
Minority interests	328	482	531	971
Stockholders' equity	16,602	17,523	18,578	20,098

Provisions for pensions and similar obligations	4,124	1,547	1,452	1,292
Other provisions	2,376	2,791	3,080	3,015
Deferred taxes	948	699	1.441	2,060
Financial indebtedness	1,845	3,682	5,788	6,954
Other liabilities	1,079	1,043	972	901
Long-term liabilities	10,372	9,762	12,733	14,222

Accounts payable, trade	2,372	2,777	4,755	3,763
Provisions	2,364	2,763	2,848	2,697
Tax liabilities	644	887	858	881
Financial indebtedness	1,453	259	3,695	3,148
Other liabilities	1,641	1,699	1,824	1,976
Liabilities of disposal groups	-	-	-	17
Short-term liabilities	8,474	8,385	13,980	12,482

Total stockholders' equity and liabilities	35,448	35,670	45,291	46,802

Balance Sheet (German GAAP)

Million €	1998	1999	2000	2001	2002	2003
Intangible assets	1,965	2,147	4,538	3,943	3,464	3,793
Tangible assets	10,755	12,416	13,641	14,190	13,745	13,070
Financial assets	1,826	1,507	3,590	3,360	3,249	2,600
Fixed assets	14,546	16,070	21,769	21,493	20,458	19,463

Inventories	3,703	4,028	5,211	5,007	4,798	4,151
Accounts receivable, trade	4,017	4,967	6,068	5,875	5,316	4,954
Other receivables	1,856	2,211	3,369	2,384	2,947	3,159
Deferred taxes	1,077	1,225	1,270	1,373	1,204	1,247
Marketable securities	746	518	364	383	132	147
Cash and cash equivalents	757	990	506	360	231	481
Current assets	12,156	13,939	16,788	15,382	14,628	14,139

Total assets	26,702	30,009	38,557	36,875	35,086	33,602


Subscribed capital	1,595	1,590	1,555	1,494	1,460	1,425
Capital surplus	2,590	2,675	2,746	2,914	2,948	2,983
Paid-in capital	4,185	4,265	4,301	4,408	4,408	4,408
Retained earnings	8,695	9,002	8,851	12,222	12,468	12,055
Currency translation adjustment	39	549	662	532	(330)	(972)
Minority interests	331	329	481	360	396	388
Stockholders' equity	13,250	14,145	14,295	17,522	16,942	15,879

Pensions and other long-term provisions	5,561	5,812	6,209	6,809	6,233	6,205
Tax and other short-term provisions	2,185	2,826	3,334	3,332	2,764	2,982
Provisions	7,746	8,638	9,543	10,141	8,997	9,187

Financial indebtedness	1,316	1,294	7,892	2,835	3,610	3,507
Accounts payable, trade	1,871	2,316	2,848	2,467	2,344	2,056
Other liabilities	2,519	3,616	3,979	3,910	3,193	2,973
Liabilities	5,706	7,226	14,719	9,212	9,147	8,536

Provisions and liabilities	13,452	15,864	24,262	19,353	18,144	17,723
Thereof long-term liabilities	6,898	7,529	9,059	9,955	9,211	10,285

Total stockholders’ equity and liabilities	26,702	30,009	38,557	36,875	35,086	33,602

Summary 1987 - 1997
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