BASF

BASF Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2019/0118
Period End: 
30 June 2018
Listing Status: 
Europe 350
ICB Industry Classification: 
1353 Commodity Chemicals
Auditor: 
KPMG
Pronouncements
Adoption of IFRS 9 "Financial instruments".
Pronouncements
Adoption of IFRS 15 "Revenue from contracts with customers".

BASF SE Monitor

BASF SE Annual Report 2017
CR Monitor Issue: 
2018/0804
Company covered: 
BASF SE
Period End: 
31 December, 2017
Report issued on 07 August 2018 covered the following practice issues:
Change
Discussion of key audit matters included in audit report.
Change
Separate disclosure of director and auditor responsibilities in the audit report.
Pronouncements
Extended disclosures relating to the impacts of accounting standards, not yet effective including IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Pronouncements
Introduction of reconciliation showing movements in liabilities arising from financing activities following adoption of amendment to IAS 7 "Statement of cash flows".
Restatement
Restatement of prior year segmental breakdown.

Fair value measurement information under IFRS

IFRS 13 “Fair value measurement” sets out a single consistent framework for measuring fair value within IFRS financial statements and outlines a standardised set of disclosures in respect of fair value measurements. IFRS 13 has been mandatory now for some years, with application being required for annual reporting periods beginning on or after 1 January 2013. This report sets out the results of how requirements of the standard have been put into practice, both in terms of measurement and disclosure, in the consolidated financial statements of 139 large public limited companies with year ends between 31 March 2016 and 1 April 2017. It is not an exhaustive study of all aspects of IFRS 13 application and its conclusions are limited to our findings in respect of the areas analysed within the financial statements reviewed.

Revised definition of control in IFRS 10 "Consolidated financial statements": an emerging issue under IFRS

This report examines application of the revised definition of control in IFRS 10 “Consolidated financial statements”. We also take into consideration the guidance given by IFRS 10 to determine which companies fall within the scope of the Standard.

BASF SE Monitor

BASF SE Annual Report 2014
CR Monitor Issue: 
2015/0505
Company covered: 
BASF SE
Period End: 
31 December, 2014
Report issued on 15 May 2015 covered the following practice issues:
Restatement
Resumption of depreciation as former disposal group increases comparative costs.
Change
Integrated reporting disclosure highlights connections of financial and non-financial information.
Pronouncements
Management compensation granted under two sets of rules reconciled.

BASF SE Monitor

BASF SE Annual Report 2013
CR Monitor Issue: 
2014/0903
Company covered: 
BASF SE
Period End: 
31 December 2013
Report issued on 09 September 2014 covered the following practice issues:
Pronouncements
Changes in scope of consolidation reduce opening comparative equity and total assets.
Pronouncements
Move to equity accounting for joint ventures and recognition of proportional shares for joint arrangements.
Pronouncements
Net interest rule for pensions charge reduces profit.
Pronouncements
Offsetting table for financial instruments presented.

Employment termination benefits: An emerging issue under IFRS

This report covers the accounting treatment of termination benefits in light of additional guidance given by a revised version of IAS 19 “Employee benefits”. It considers changes in classification and recognition of amounts linked to termination benefits and disclosure of the financial impacts arising from related changes in policy.