Consolidated Financial Statements

Bayer Group Consoli­dated Income Statements

 

 

Note

 

2016

 

2017

 

 

 

 

€ million

 

€ million

2016 figures restated

1

For definition, see Management Report & Annexes, Chapter “Alternative Performance Measures Used by the Bayer Group.”

Net sales

 

[7]

 

34,943

 

35,015

Cost of goods sold

 

 

 

(11,756)

 

(11,382)

Gross profit

 

 

 

23,187

 

23,633

Selling expenses

 

[8]

 

(11,148)

 

(11,116)

Research and development expenses

 

[9]

 

(4,405)

 

(4,504)

General administration expenses

 

 

 

(1,804)

 

(2,026)

Other operating income

 

[10]

 

787

 

864

Other operating expenses

 

[11]

 

(879)

 

(948)

EBIT1

 

 

 

5,738

 

5,903

Equity-method income (loss)

 

[13]

 

(6)

 

20

Financial income

 

 

 

149

 

289

Financial expenses

 

 

 

(1,108)

 

(1,635)

Financial result

 

[13]

 

(965)

 

(1,326)

Income before income taxes

 

 

 

4,773

 

4,577

Income taxes

 

[14]

 

(1,017)

 

(1,329)

Income from continuing operations after income taxes

 

 

 

3,756

 

3,248

of which attributable to noncontrolling interest

 

 

 

13

 

(1)

of which attributable to Bayer AG stockholders

 

 

 

3,743

 

3,249

Income from discontinued operations after income taxes

 

[6]

 

1,070

 

4,846

of which attributable to noncontrolling interest

 

 

 

282

 

759

of which attributable to Bayer AG stockholders

 

 

 

788

 

4,087

Income after income taxes

 

 

 

4,826

 

8,094

of which attributable to noncontrolling interest

 

[15]

 

295

 

758

of which attributable to Bayer AG stockholders (net income)

 

 

 

4,531

 

7,336

 

 

 

 

 

Earnings per share

 

[16]

 

 

 

 

From continuing operations

 

[16]

 

 

 

 

Basic

 

 

 

4.50

 

3.73

Diluted

 

 

 

4.50

 

3.73

From discontinued operations

 

[16]

 

 

 

 

Basic

 

 

 

0.94

 

4.68

Diluted

 

 

 

0.94

 

4.68

From continuing and discontinued operations

 

[16]

 

 

 

 

Basic

 

 

 

5.44

 

8.41

Diluted

 

 

 

5.44

 

8.41

Compare to Last Year