Asset and Capital Structure

Bayer Group Summary Statements of Financial Position

 

 

Dec. 31, 2015

 

March 31, 2016

 

Change

 

 

€ million

 

€ million

 

%

Noncurrent assets

 

50,096

 

49,903

 

−0.4

Current assets

 

23,624

 

26,718

 

+13.1

Assets held for sale

 

197

 

8

 

−95.9

Total current assets

 

23,821

 

26,726

 

+12.2

Total assets

 

73,917

 

76,629

 

+3.7

Equity

 

25,445

 

24,773

 

−2.6

Noncurrent liabilities

 

31,492

 

34,428

 

+9.3

Current liabilities

 

16,868

 

17,428

 

+3.3

Liabilities directly related to assets held for sale

 

112

 

 

.

Total current liabilities

 

16,980

 

17,428

 

+2.6

Liabilities

 

48,472

 

51,856

 

+7.0

Total equity and liabilities

 

73,917

 

76,629

 

+3.7

  • Between December 31, 2015, and March 31, 2016, total assets increased by €2.7 billion to €76.6 billion. Noncurrent assets were almost level year on year at €49.9 billion. The carrying amount of current assets climbed by €2.9 billion to €26.7 billion, due mainly to an increase in cash and cash equivalents and trade accounts receivable.
  • Equity decreased by €0.7 billion compared with December 31, 2015, to €24.8 billion. Income after income taxes of €1.6 billion was offset by the €1.8 billion increase – recognized outside profit or loss – in post-employment benefit obligations and negative exchange differences of €0.5 billion. The equity ratio (equity coverage of total assets) as of March 31, 2016, was 32.3% (December 31, 2015: 34.4%).
  • Liabilities increased by €3.4 billion in the first quarter of 2016 to €51.9 billion. Provisions for pensions and other post-employment benefits rose by €2.5 billion and other provisions increased by €0.4 billion. Financial liabilities moved higher by €0.4 billion.
Net Defined Benefit Liability for Post-Employment Benefits

 

 

Dec. 31, 2015

 

March 31, 2016

 

Change

 

 

€ million

 

€ million

 

%

Provisions for pensions and other post-employment benefits

 

10,873

 

13,343

 

+22.7

Net defined benefit asset

 

(30)

 

(30)

 

.

Net defined benefit liability for post-employment benefits

 

10,843

 

13,313

 

+22.8

  • The net defined benefit liability for post-employment benefits increased by €2.5 billion in the first quarter of 2016, to €13.3 billion, due mainly to a decrease in long-term capital market interest rates for high-quality corporate bonds in Germany and the United States.