BASF SE BASF Finance Europe N.V. - BASF.com

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40 BASF SE AS ISSUER AND GUARANTOR STATUTORY AUDITORS The following selected financial data for the years 2012 and 2011 are excerpted from the Consolidated Financial Statements of BASF Group, which have been audited by KPMG AG Wirtschaftsprüfungsgesellschaft ("KPMG"), THE SQUAIRE, Am Flughafen, 60549 Frankfurt am Main, Germany, as the independent registered public accounting firm for BASF, and from the unaudited consolidated interim financial statements of BASF Group as of June 30, 2013. KPMG is a member of the Chamber of Public Accountants (Wirtschaftsprüferkammer, Körperschaft des öffentlichen Rechts). Starting from January 1, 2004, the accounting and reporting of the BASF Group is performed according to International Financial Reporting Standards ("IFRS"). Effective January 1, 2013, the accounting and reporting of BASF Group is prepared in accordance with IFRS 10 and 11 and with International Accounting Standard (IAS) 19 (revised). For further information, please see Note 1 of the Consolidated Financial Statements 2012 incorporated by reference into this Prospectus. Investors should read the information below together with the consolidated financial statements of BASF Group, including the notes thereto, and the other financial information that is included elsewhere in, or incorporated by reference into, this Prospectus. The financial year of BASF Group is the calendar year. SELECTED FINANCIAL INFORMATION BASF GROUP January 1, 2012 - December 31, 2012 (restated)* January 1, 2012 - December 31, 2012 million EUR January 1, 2011 - December 31, 2011 Sales 72,129 78,729 73,497 Income from operations before depreciation and amortization (EBITDA) 10,009 12,516 11,993 Income from operations (EBIT) 6,742 8,976 8,586 Net Income 4,819 4,879 6,188 Cash provided by operating activities 6,602 6,733 7,105 December 31, 2012 (restated)* December 31, 2012 December 31, 2011 million EUR Total Assets 62,726 64,327 61,175 Stockholders' Equity 25,621 25,804 25,385 Long-Term Liabilities 20,395 21,191 19,313 Short-Term Liabilities 16,710 17,332 16,477 * Effective January 1, 2013, the accounting and reporting of BASF Group is prepared in accordance with International Financial Reporting Standards (IFRS) 10 and 11 and with International Accounting Standard (IAS) 19 (revised). 2012 key figures for BASF Group have been restated accordingly.
41 January 1, 2013 - June 30, 2013 million EUR January 1, 2012 - June 30, 2012 Sales 38,091 36,676 Income from operations before depreciation and amortization (EBITDA) 5,343 5,814 Income from operations (EBIT) 3,942 4,274 Net Income 2,603 2,911 Cash provided by operating activities 4,030 3,411 June 30, 2013 June 30, 2012 million EUR Total Assets 64,399 62,701 Stockholders' Equity 26,125 24,645 Long-Term Liabilities 22,259 20,361 Short-Term Liabilities 16,015 17,695 HISTORICAL FINANCIAL INFORMATION The audited consolidated financial statements of BASF Group for the fiscal year ending on December 31, 2011 and the auditors' report thereon, together contained in BASF's Report 2011 on pages 140-202, are incorporated by reference into this Prospectus. The audited consolidated financial statements of BASF Group for the fiscal year ending on December 31, 2012 and the auditors' report thereon, together contained in BASF's Report 2012 on pages 144-208, are incorporated by reference into this Prospectus. The unaudited consolidated Restated Figures of BASF Group for the fiscal year ending on December 31, 2012 are incorporated by reference into this Prospectus. The unaudited consolidated interim financial statements of BASF Group as of June 30, 2013, contained in BASF's Interim Report First-Half 2013 on pages 17-39, are incorporated by reference into this Prospectus. The audited unconsolidated financial statements of BASF SE for the fiscal years ending on December 31, 2011 and December 31, 2012 and the respective auditors' reports thereon are incorporated by reference into this Prospectus. GENERAL INFORMATION ABOUT BASF SE HISTORY AND DEVELOPMENT OF THE ISSUER BASF was incorporated as a stock corporation under the laws of Germany on January 30, 1952 under the name "Badische Anilin- und Soda-Fabrik AG". In 1973, BASF changed its name to BASF Aktiengesellschaft. BASF Aktiengesellschaft was registered until January 14, 2008 in the commercial register (Handelsregister) of the local court (Amtsgericht) Ludwigshafen am Rhein, Germany, under the entry number HRB 3000. The Annual Shareholders' Meeting of BASF shareholders on April 26, 2007 approved the proposal of the Board of Executive Directors and the Supervisory Board to convert BASF Aktiengesellschaft into a European Company (Societas Europaea, SE) with the name BASF SE. BASF SE is registered as of January 14, 2008 in the new legal form of a European Company (Societas Europaea, SE) in the commercial register (Handelsregister) of the local court (Amtsgericht) of Ludwigshafen am Rhein, Germany, under the entry number HRB 6000. As set forth in Art. 37 para. 2 of Council Regulation (EC) No. 2157/2001 of October 8, 2001 on the Statute for a European Company (SE) this conversion neither resulted in the dissolution of the company nor in the establishment of a new legal person. Therefore, through such conversion BASF SE is the same legal person as BASF Aktiengesellschaft.
Page 1 and 2: Debt Issuance Program Prospectus Se
Page 3 and 4: 3 subject to tax law requirements o
Page 5 and 6: 5 Listing and Admission to Trading
Page 7 and 8: 7 Element Section B - [Issuer] [Gua
Page 9 and 10: 9 B.17 Credit ratings of the Issuer
Page 11 and 12: 11 B.19 Summary information about t
Page 13 and 14: 13 obligations of the Issuer, unles
Page 15 and 16: 15 debtor to BASF Finance, please s
Page 17 and 18: 17 GERMAN TRANSLATION OF THE SUMMAR
Page 19 and 20: 19 Cashflow aus betrieblicher Täti
Page 21 and 22: 21 B.2 Sitz / Rechtsform / geltende
Page 23 and 24: 23 C.5 Beschränkungen der freien
Page 25 and 26: 25 Fälligkeitstag einschließlich
Page 27 and 28: 27 D3 Zentrale Angaben zu den zentr
Page 29 and 30: 29 RISK FACTORS The following is a
Page 31 and 32: 31 BASF is exposed to the risk of a
Page 33 and 34: 33 RISK FACTORS REGARDING BASF FINA
Page 35 and 36: 35 Holders' Representative If the N
Page 37 and 38: 37 GENERAL DESCRIPTION OF THE PROGR
Page 39: 39 Determination of Options / Compl
Page 43 and 44: 43 received a 15-percent share in t
Page 45 and 46: 45 Share capital As of the date of
Page 47 and 48: 47 Income and expense items (millio
Page 49 and 50: 49 Name Main area of responsibility
Page 51 and 52: 51 Name Principal occupation Ralf S
Page 53 and 54: 53 January 1, 2013, the accounting
Page 55 and 56: 55 BASF Group's segments ORGANIZATI
Page 57 and 58: 57 business. Fixed costs exceeded t
Page 59 and 60: 59 gained an additional system hous
Page 61 and 62: 61 Despite significantly lower spec
Page 63 and 64: 63 of acquisitions, investments and
Page 65 and 66: 65 Europe from strong demand for co
Page 67 and 68: 67 associated with this, income fro
Page 69 and 70: 69 toward the further regulation of
Page 71 and 72: 71 RESPONSIBILITY ALONG THE VALUE C
Page 73 and 74: 73 personal suffering, equivalent t
Page 75 and 76: 75 BASF FINANCE EUROPE N.V. AS ISSU
Page 77 and 78: 77 BUSINESS OVERVIEW - PRINCIPAL AC
Page 79 and 80: 79 represented by a Permanent Globa
Page 81 and 82: 81 In the case of Notes issued by B
Page 83 and 84: 83 coupons) In the case of 30/360,
Page 85 and 86: 85 fixed for redemption. However, n
Page 87 and 88: 87 [If Notes are subject to Early R
Page 89 and 90: 89 (3) Agent of the Issuer. The Fis
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91 other form of combination with a
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93 In the case of Notes issued by B
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95 In the case of Notes issued by B
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97 conclusive evidence of the aggre
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99 In the case the offered quotatio
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101 In the case of Actual/365 (Fixe
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103 Change of Control the following
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105 withholding by the Issuer from
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107 (3) Notice. Any notice, includi
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109 Substitute Debtor.] In the case
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111 Federal Republic of Germany.] [
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113 OPTION I - Anleihebedingungen f
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115 ("Kanadische Unterverwahrer").
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117 Folgendes anwendbar Im Fall von
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119 Bei nicht auf EUR lautenden Sch
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121 internationalen Ansehens; Gilt
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123 die Schuldverschreibungen vorze
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125 übernehmen keinerlei Verpflich
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127 (e) ein Gericht ein Insolvenzve
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129 Im Fall von Schuldverschreibung
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131 werden. Im Fall von Schuldversc
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133 OPTION II - Anleihebedingungen
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137 Zinssatz für die betreffende Z
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139 Im Fall von Actual/365 (Fixed)
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141 eines Kontrollwechsels zu künd
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143 (3) Erfüllungsgehilfe(n) der E
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145 berechtigten Gläubiger(n) in A
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149 werden. Sofern diese Käufe dur
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151 GARANTIE der BASF SE, Ludwigsha
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153 Wir akzeptieren die Bestimmunge
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155 Indebtedness or any guarantees
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157 Part I.: TERMS AND CONDITIONS T
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159 INTEREST (§ 3) ZINSEN (§ 3)
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161 Final Redemption Rückzahlung b
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163 English and German (English co
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165 Resolutions, authorizations and
Page 167 and 168:
167 Management/Underwriting Commiss
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[BASF Finance Europe N.V. (as Issue
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171 Each Holder may be represented
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173 TAXATION The following is a gen
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175 appointed, in Germany. Exceptio
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177 acquiring, holding or disposing
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179 Irish Withholding Tax Under Iri
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181 In conformity with the prerequi
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183 § 1.163-5(c)(2)(i)(D) (the "D
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185 resident of Japan except only p
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187 Documents on Display So long as
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189 Financial Report 2012 of BASF S
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191 AUDITORS TO THE ISSUERS For BAS
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