https://report.basf.com/2014/en/financial-statements/notes/noteson-balance-sheet/capital-reserves-and-retained-earnings.

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19 Capital, reserves and retained earnings

audited

Authorized capital
At the Annual Shareholders Meeting on May 2, 2014, shareholders
authorized the Board of Executive Directors, with the approval of the
Supervisory Board, to increase the subscribed capital by issuing new
registered shares up to a total of 500 million against cash or contributions
in kind through May 1, 2019. The Board of Executive Directors is empowered,
following the approval of the Supervisory Board, to decide on the exclusion of
shareholders subscription rights for these new shares in certain predefined
cases covered by the enabling resolution. Until now, this option has not been
exercised and no new shares have been issued.
BASF SE has only issued fully paid-up registered shares with no par value.
There are no preferences or other restrictions. BASF SE does not hold any
treasury shares.

Reserves and retained earnings

Capital surplus includes effects from BASFs share program, premiums from
capital increases and consideration for warrants and negative goodwill from
the capital consolidation resulting from acquisitions of subsidiaries in
exchange for the issue of BASF SE shares at par value.
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Million

Legal reserves
Other retained earnings
Retained earnings

December
31, 2014

December
31, 2013

534
28,243
28,777

488
25,614
26,102

Transfers from other retained earnings increased legal reserves by

46 million in 2014 (2013: 57 million).
The acquisition of shares in companies which BASF already controls or
includes as a joint arrangementin the Consolidated Financial Statements is
treated as a transaction between shareholders, as long as this does not lead
to a change in the consolidation method. There were no transactions of this
type in 2014, as in the previous year.

Payment of dividends

In accordance with the resolution of the Annual Meeting on May 2, 2014,

BASF SE paid a dividend of 2.70 per share from the retained profit of the
2013 fiscal year. With 918,478,694 shares entitled to dividends, this amounts
to a total dividend payout of 2,479,892,473.80.