Asset and Capital Structure

Bayer Group Summary Statements of Financial Position

 

 

Dec. 31,
2016

 

March 31, 2017

June 30,
2017

 

Change vs. March 31, 2017

 

 

€ million

 

€ million

€ million

 

%

Noncurrent assets

 

51,791

 

51,664

49,988

 

−3.2

Current assets

 

30,437

 

33,362

32,649

 

−2.1

Assets held for sale

 

10

 

28

3

 

−89.3

Total current assets

 

30,447

 

33,390

32,652

 

−2.2

Total assets

 

82,238

 

85,054

82,640

 

−2.8

Equity

 

31,897

 

35,857

35,483

 

−1.0

Noncurrent liabilities

 

31,804

 

29,625

28,397

 

−4.1

Current liabilities

 

18,537

 

19,572

18,760

 

−4.1

Liabilities

 

50,341

 

49,197

47,157

 

−4.1

Total equity and liabilities

 

82,238

 

85,054

82,640

 

−2.8

  • Between March 31, 2017, and June 30, 2017, total assets decreased by €2.4 billion to €82.6 billion.
  • Noncurrent assets decreased by €1.7 billion to €50.0 billion due particularly to currency effects. Total current assets declined by €0.7 billion to €32.7 billion.
  • Equity decreased by €0.4 billion compared with March 31, 2017, to €35.5 billion. Income after income taxes of €1.5 billion was a positive factor here. The contribution of further Covestro AG shares to Bayer Pension Trust e. V. and the divestment of further Covestro AG shares had a total positive equity effect of €1.6 billion. On the other hand, the dividend payment reduced equity by €2.4 billion. Exchange rate differences – recognized outside profit or loss – reduced equity by €1.2 billion. The equity ratio (equity coverage of total assets) increased slightly to 42.9% as of June 30, 2017 (March 31, 2017: 42.2%).
  • Liabilities decreased by €2.0 billion to €47.2 billion in the second quarter of 2017. Provisions for pensions and other post-employment benefits fell by €0.9 billion to €9.6 billion. The contribution of further Covestro AG shares to Bayer Pension Trust e. V. led to a €0.5 billion reduction in provisions. There were also actuarial gains of €0.3 billion due to higher discounting factors that were mainly attributable to a slight increase in long-term capital market interest rates for high-quality corporate bonds in Germany.