BASF Report 2021 Consoli dated Financial Statements – Notes 271 Carrying amounts and fair values of financial instruments as of December 31, 2020 Million € Total Valuation category within application in accordance Of which Of which Of which b c d e Carrying amount scope of IFRS 7 with IFRS 9 Fair value fair value level 1 fair value level 2 fair value level 3 a Shareholdings 533 533 FVTPL 94 93 1 – Receivables from finance leases 44 44 n/a 44 – – – Accounts receivable, trade 9,422 9,422 AC 9,422 – – – Accounts receivable, trade 44 44 FVTPL 44 – 44 – Derivatives – no hedge accounting 387 387 FVTPL 387 1 386 – Derivatives – hedge accounting 132 132 n/a 132 0 132 – f Other receivables and miscellaneous assets 4,889 1,075 AC 1,075 – – – f Other receivables and miscellaneous assets 133 133 FVTPL 133 – 133 – Securities 8 8 AC 8 – – – Securities 0 0 FVTOCI 0 – 0 – Securities 249 249 FVTPL 249 207 42 – Cash equivalents 145 145 FVTPL 145 145 – – Cash and cash equivalents 4,185 4,185 AC 4,185 – – – Total assets 20,171 16,357 15,918 446 738 − Bonds 14,189 14,189 AC 15,500 – 15,500 – Commercial paper 1,290 1,290 AC 1,290 – – – Liabilities to credit institutions 3,735 3,735 AC 3,735 – – – Liabilities from leases 1,360 1,360 n/a 1,360 – – – Accounts payable, trade 5,291 5,291 AC 5,291 – – – Derivatives – no hedge accounting 957 957 FVTPL 957 25 932 – Derivatives – hedge accounting 1 1 n/a 1 – 1 – f Other liabilities 2,833 1,804 AC 1,804 – – – Total liabilities 29,656 28,627 29,938 25 16,433 − a In general, only significant shareholdings are measured at fair value. All insignificant shareholdings are measured at cost (carrying amount: €439 million). Fair value level 1 is applied to publicly listed shareholdings. Level 2 is applied to shar eholdings for which valuation is based on parameters observable in the market to the greatest extent possible. These may be adjusted to reflect valuation-relevant characteristics of the respective shareholding in the fair value. b AC: amortized cost; FVTOCI: fair value through other comprehensive income; FVTPL: fair value through profit or loss; a more detailed description of the categories can be found in Note 26.1 from page 263 onward. c Fair value was determined based on quoted, unadjusted prices on active markets. d Fair value was determined based on parameters for which directly or indirectly quoted prices on active markets were available. e Fair value was determined based on parameters for which there was no observable market data. f Does not include separately shown derivatives or receivables and liabilities from finance leases. If miscellaneous receivables are valued at fair value through profit or loss, their valuation is generally based on parameters observable on the market. These are adjusted to reflect valuation-relevant characteristics of the respective assets in the fair value.