Asset and Capital Structure

Bayer Group Summary Statements of Financial Position

 

 

Dec. 31,
2015

 

March 31, 2016

June 30,
2016

 

Change vs. March 31, 2016

 

 

€ million

 

€ million

€ million

 

in %

Noncurrent assets

 

50,096

 

49,903

50,811

 

+1.8

Current assets

 

23,624

 

26,718

24,663

 

–7.7

Assets held for sale

 

197

 

8

-

 

.

Total current assets

 

23,821

 

26,726

24,663

 

–7.7

Total assets

 

73,917

 

76,629

75,474

 

–1.5

Equity

 

25,445

 

24,773

24,035

 

–3.0

Noncurrent liabilities

 

31,492

 

34,428

34,383

 

–0.1

Current liabilities

 

16,868

 

17,428

17,038

 

–2.2

Liabilities directly related to assets held for sale

 

112

 

18

 

.

Total current liabilities

 

16,980

 

17,428

17,056

 

–2.1

Liabilities

 

48,472

 

51,856

51,439

 

–0.8

Total equity and liabilities

 

73,917

 

76,629

75,474

 

–1.5

  • Between March 31, 2016, and June 30, 2016, total assets decreased by €1.2 billion to €75.5 billion. Noncurrent assets were almost level year on year at €50.8 billion. The carrying amount of current assets declined by €2.1 billion to €24.7 billion, due mainly to a decrease in cash and cash equivalents.
  • Equity decreased by €0.7 billion compared with March 31, 2016, to €24.0 billion. Income after income taxes of €1.4 billion and currency effects of €0.3 billion were among the positive factors here and were offset mainly by the dividend payment of €2.1 billion and the €0.6 billion increase after taxes – recognized outside profit or loss – in post-employment benefit obligations. The equity ratio (equity coverage of total assets) as of June 30, 2016 was 31.8% (March 31, 2016: 32.3%).
  • Liabilities were largely unchanged in the second quarter of 2016 at €51.4 billion. Provisions for pensions and other post-employment benefits rose by €0.5 billion. Other provisions and financial liabilities declined by €0.4 billion and €0.6 billion, respectively.

Net Defined Benefit Liability for Post-Employment Benefits

 

 

Dec. 31,
2015

 

March 31, 2016

June 30,
2016

 

Change vs. March 31, 2016

 

 

€ million

 

€ million

€ million

 

in %

Provisions for pensions and other post-employment benefits

 

10,873

 

13,343

13,838

 

+3.7

Net defined benefit asset

 

(30)

 

(30)

(32)

 

+6.7

Net defined benefit liability for post-employment benefits

 

10,843

 

13,313

13,806

 

+3.7

  • The net defined benefit liability for post-employment benefits increased by €0.5 billion overall in the second quarter of 2016, to €13.8 billion, due mainly to an effect of €0.8 billion resulting from the decrease in long-term capital market interest rates for high-quality corporate bonds in Germany, the United Kingdom and the United States and to a contribution of €0.3 billion to Bayer Pension Trust e.V.