9 – Income from companies accounted for using the equity method

Million €

 

2017

2016

Proportional net income

 

584

317

Thereof joint ventures

 

433

157

associated companies

 

151

160

Other adjustments of income and expense

 

(13)

(10)

Thereof joint ventures

 

(12)

(4)

associated companies

 

(1)

(6)

Income from companies accounted for using the equity method

 

571

307

Income from companies accounted for using the equity method increased by a total of €264 million in 2017, primarily due to higher earnings in the Oil & Gas segment, particularly at Wintershall Noordzee B.V., Rijswijk, Netherlands. BASF-YPC Company Ltd., Nanjing, China, also contributed significantly to this increase.