Asset and Capital Structure

Bayer Group Summary Statements of Financial Position

 

 

Dec. 31, 2016

 

June 30, 2017

Sep. 30, 2017

 

Change vs. June 30

 

 

€ million

 

€ million

€ million

 

%

Noncurrent assets

 

51,791

 

49,988

45,960

 

−8.1

Current assets

 

30,437

 

32,649

28,926

 

−11.4

Assets held for sale

 

10

 

3

1,824

 

.

Total current assets

 

30,447

 

32,652

30,750

 

−5.8

Total assets

 

82,238

 

82,640

76,710

 

−7.2

Equity

 

31,897

 

35,483

37,254

 

+5.0

Noncurrent liabilities

 

31,804

 

28,397

24,543

 

−13.6

Current liabilities

 

18,537

 

18,760

14,864

 

−20.8

Liabilities directly related to assets held for sale

 

 

49

 

.

Total current liabilities

 

18,537

 

18,760

14,913

 

−20.5

Liabilities

 

50,341

 

47,157

39,456

 

−16.3

Total equity and liabilities

 

82,238

 

82,640

76,710

 

−7.2

  • Between June 30, 2017, and September 30, 2017, total assets declined by €5.9 billion to €76.7 billion, especially as a result of the deconsolidation of Covestro.
  • As part of that deconsolidation, assets of €11.2 billion were derecognized in the corresponding line items in the statements of financial position. The remaining interest in the Covestro Group was recognized at market value, at €3.6 billion. Noncurrent assets decreased by €4.0 billion to €46.0 billion. Total current assets declined by €1.9 billion to €30.8 billion. Assets held for sale in conjunction with the agreed acquisition of Monsanto increased by €1.8 billion.
  • Compared with June 30, 2017, equity increased by €1.8 billion to €37.3 billion. The sale of Covestro AG shares on September 12, 2017, had a €1.2 billion positive effect on equity. Income after income taxes also had a positive effect of €4.2 billion. Equity attributable to minority interests declined by €3.5 billion through the deconsolidation. Currency differences recognized outside profit or loss reduced equity by €0.5 billion. An increase of €0.4 billion resulted from the reduction of pension obligations outside profit of loss. The equity ratio increased to 48.6% as of September 30, 2017 (June 30, 2017: 42.9%).
  • Liabilities decreased by €7.7 billion to €39.5 billion in the third quarter of 2017. As part of the deconsolidation of Covestro, liabilities of €6.0 billion were derecognized in the corresponding line items in the statements of financial position. Provisions for pensions and other post-employment benefits declined by €1.2 billion through the deconsolidation of Covestro as well as by a further €0.4 billion through actuarial gains to reach a total of €7.8 billion.