BASF Report 2021 Consoli dated Financial Statements – Notes 276 Cash flow hedge accounting effects in 2021 Million € Change in fair values for assessing Carrying amount of hedging instruments Cash flow hedge reserve ineffectiveness Recognized ineffectiveness Income Accumulated Hedging effects Amounts statement amounts for recognized reclassified to item for continuing in other profit or loss for recognition Financial Financial Nominal hedging comprehensive realized hedging of reclassifi- Hedging Hedged Ineffective- Income assets liabilities Balance sheet item value relationships income transactions cation instrument transaction ness amount statement item Other receivables and Other Foreign currency risks 1 –1 miscellaneous assets / 508 0 83 –125 operating 0 0 – n/a other liabilities income Combined interest/ 179 – Other receivables and 920 –4 89 –85 Other financial 179 187 – n/a f oreign currency risks miscellaneous assets income Other receivables and Commodity price risks 107 0 miscellaneous assets / 488 73 154 –a n/a 100 100 – n/a assets of disposal groups / other liabilities Total 287 –1 1,916 69 326 –210 279 287 − a €59 million was derecognized from the cash flow hedge reserve against the cost of inventories and recognized in profit or loss upon consumption. Cash flow hedge accounting effects in 2020 Million € Change in fair values for assessing Carrying amount of hedging instruments Cash flow hedge reserve ineffectiveness Recognized ineffectiveness Income Accumulated Hedging effects Amounts statement amounts for recognized reclassified to item for continuing in other profit or loss for recognition Financial Financial Nominal hedging comprehensive realized hedging of reclassifi- Hedging Hedged Ineffective- Income assets liabilities Balance sheet item value relationships income transactions cation instrument transaction ness amount statement item Other receivables and Other Foreign currency risks 35 – miscellaneous assets 1,142 27 114 –77 operating 27 27 – n/a income Interest risks – – Other liabilities – – –3 4 Interest 0 0 – n/a income Combined interest/ 90 – Other receivables and 920 5 –48 94 Other financial 90 102 – n/a foreign currency risks miscellaneous assets income Other receivables and Commodity price risks 7 0 miscellaneous assets / 65 5 9 –a n/a 5 5 – n/a other liabilities Total 132 0 2,127 37 72 21 122 134 − a €6 million was derecognized from the cash flow hedge reserve against the cost of inventories and recognized in profit or loss upon consumption.