Example 2 BASF Segments 2006

Revenues and income

Balance sheets

Cash flows

	Operative		Chemic.		Plast.		Perfor.		Agricul.		Oil+Gas		Other
	2006		2006		2006		2006		2006		2006		2006
	Sum operative		Plan		Plan		Plan		Plan		Plan		Plan
01 Capital turnover inventories	!		!		!		!		!		!		!
02 Capital turnover receivables	!		!		!		!		!		!		!
03 Trade receivable-sales ratio	0,00		0,00		0,00		0,00		0,00		0,00		0,00
04 Trade liabilities-sales ratio	0,00		0,00		0,00		0,00		0,00		0,00		0,00
	%		%		%		%		%		%		%
05 Return on stockholders equity	200,00		73,92		64,00		71,83		69,60		69,41		67,37
06 Equity-to-fixed-assets ratio	100,00		100,00		100,00		100,00		100,00		96,95		100,00
07 Non-current assets ratio	100,00		100,00		100,00		100,00		100,00		96,95		100,00
08 Return on total assets	17,97		26,78		15,71		22,05		12,74		52,62		-8,43
09 Equity ratio	17,76		49,83		32,29		41,86		25,03		100,00		-15,63
10 Gearing	4,63		1,01		2,10		1,39		3,00		0,00		-7,40
		Mill. EUR		Mill. EUR		Mill. EUR		Mill. EUR		Mill. EUR		Mill. EUR		Mill. EUR
11 Net debt	29.015,59		3.004,27		4.385,88		2.809,87		4.662,48		-138,87		8.495,17
12 EBITDA	8.547,61		2.160,40		1.513,88		1.399,18		1.133,66		2.799,07		-458,58
	%		%		%		%		%		%		%
13 Growth rate total assets	2,36		-0,83		0,78		-0,62		-2,81		4,32		15,25
14 EBITDA margin	19,65		25,00		12,00		17,00		22,00		40,00		-24,69
15 Debt paybacktime		3,39		1,39		2,90		2,01		4,11		-0,05		-18,52

Starting from scenario buyback 2005. Planning of operative parameters within the segments and plan-consolidation for the sum of the operative business.