| BASF Group | BASF Group | BASF Group | BASF Group |
 2005 |  2005 | 2005 | 2005 |
| 9-month | Forecast | Pension fund | buyback |
| 01 Operating result | | -16,06 | 4.348,00 | 20,03 | 6.217,51 | 20,03 | 6.217,51 | 20,03 | 6.217,51 |
| 02 Transition to GCF | | -110,43 | -123,00 | -169,98 | -825,48 | -481,67 | -4.502,22 | -481,42 | -4.499,20 |
| 03 Gross cash flow | | -33,57 | 4.225,00 | -15,21 | 5.392,03 | -73,03 | 1.715,29 | -72,98 | 1.718,31 |
| 04 C.Working Capital/Other provisions | | 163,80 | 599,00 | 163,80 | 599,00 | 163,80 | 599,00 | 163,80 | 599,00 |
| 05 Net cash flow (total) | | -11,01 | 4.824,00 | 10,52 | 5.991,03 | -57,31 | 2.314,29 | -57,25 | 2.317,31 |
| 06 Cash outflows for additions to PPE | | 35,97 | -1.385,00 | 16,18 | -1.813,00 | 16,18 | -1.813,00 | 16,18 | -1.813,00 |
| 07 Free operating cash flow | | 5,56 | 3.439,00 | 28,25 | 4.178,03 | -84,61 | 501,29 | -84,52 | 504,31 |
| 08 Balance of interest and other | | 126,45 | 201,00 | 131,51 | 239,46 | 125,38 | 192,92 | 124,59 | 186,90 |
| 09 Capital addition | | 1,75 | -1.075,00 | 1,75 | -1.075,00 | 1,75 | -1.075,00 | -42,02 | -1.554,00 |
| 10 Free cash flow | | 82,74 | 2.565,00 | 138,14 | 3.342,48 | -127,13 | -380,78 | -161,47 | -862,80 |
| 11 Acquisitions (incl. Financial Assets) | | -43,55 | 851,00 | -43,55 | 851,00 | -43,55 | 851,00 | -43,55 | 851,00 |
| 12 Disinvestments | | -1.008,72 | -1.030,00 | -1.008,72 | -1.030,00 | -1.008,72 | -1.030,00 | -1.008,72 | -1.030,00 |
| 13 Dividends | | -0,10 | -947,00 | -0,10 | -947,00 | -0,10 | -947,00 | -0,10 | -947,00 |
| 14 Free cash flow after acquisitions | | -23,14 | 1.439,00 | 18,39 | 2.216,48 | -180,48 | -1.506,78 | -206,23 | -1.988,80 |
| 15 Change in cash to net debt | | 23,14 | -1.439,00 | -18,39 | -2.216,48 | 180,48 | 1.506,78 | 206,23 | 1.988,80 |
| 16 Exchange rates/Other | | ! | 0,00 | ! | 0,00 | ! | 0,00 | ! | 0,00 |
| 17 Change in net debt | | 23,14 | -1.439,00 | -18,39 | -2.216,48 | 180,48 | 1.506,78 | 206,23 | 1.988,80 |
Example 1 BASF Group - Forecast 2005
