BASF Report 2021 Consoli dated Financial Statements – Notes 284 Sales to related parties Obligations arising from purchase contracts with joint ventures Million € amounted to €4 million as of December 31, 2021, and €6 million as Services rendered Services received of December 31, 2020. December 31, 2021 December 31, 2020 December 31, 2021 December 31, 2020 Nonconsolidated subsidiaries 872 691 340 295 Annual minimum rental payments for an office building including a Joint ventures 1,386 921 1,703 935 parking area payable by BASF SE to BASF Pensionskasse VVaG for Associated companies 459 432 1,294 586 the nonterminable basic rental period until 2029 amounted to €7 million. Trade accounts receivable from / trade accounts payable to related parties BASF SE had other finance-related receivables from BASF Pen- Million € sionskasse VVaG in the amount of €83 million as of Decem- Accounts Accounts ber 31, 2021, and €3 million as of December 31, 2020. receivable, trade payable, trade December 31, 2021 December 31, 2020 December 31, 2021 December 31, 2020 There were no reportable related party transactions with members Nonconsolidated subsidiaries 266 213 136 98 of the Board of Executive Directors or the Supervisory Board and Joint ventures 210 149 189 136 their related parties in 2021. Associated companies 34 64 221 43 For more information on subsidiaries, joint ventures and associated companies, see the 2021 BASF Group list of shares held on page 213 For more information about defined benefit plans, the division of risk between Group companies, see Provisions for pensions and similar obligations from page 254 onward Other receivables from / liabilities to related parties For more information on the members of the Board of Executive Directors and the Supervisory Board, Million € see Management and Supervisory Boards from page 174 onward Other receivables Other liabilities The Compensation Report is available at basf.com/compensationreport December 31, 2021 December 31, 2020 December 31, 2021 December 31, 2020 Nonconsolidated subsidiaries 237 192 214 198 Joint ventures 19 47 35 62 Associated companies 4 55 106 240 Balances outstanding to related parties were generally not hedged BASF had obligations from guarantees and other financial obligations and were settled in cash. in favor of nonconsolidated subsidiaries in the amount of €21 million as of December 31, 2021 (December 31, 2020: €8 million), and in The balance of valuation allowances on other receivables from favor of associated companies in the amount of €389 million as of nonconsolidated subsidiaries declined from €105 million as of December 31, 2021 (December 31, 2020: €28 million). Furthermor e, December 31, 2020, to €100 million as of December 31, 2021. there were obligations from guarantees in the amount of €341 mil- lion favoring a joint venture as of December 31, 2020. The balance of valuation allowances on trade accounts receivable from nonconsolidated subsidiaries was, as in the previous year, €3 million as of December 31, 2021.