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Management's Statement
of Responsibility
Independent Auditor's
Report
Statements of Income
Balance Sheets
Statements of Cash Flows
Statements of Recognized
Income and Expense
Notes
 
  Bayer Global
  Investor Relations
  Financial Reports 2005
 
Bayer Group Consolidated Statements of Income
3 of 34
 
  Note 20041 2005
EUR million      
Net sales [8] 23,278 27,383
Cost of goods sold   (12,421) (15,027)
Gross profit   10,857 12,356
       
Selling expenses [9] (5,240) (5,713)
Research and development expenses [10] 1,927 (1,886)
General administration expenses   (1,421) (1,444)
Other operating income [11] 740 794
Other operating expenses [12] (1,134) (1,295)
Operating result [EBIT] [14] 1,875 2,812
       
Equity-method loss [15.1] (139) (10)
Non-operating income   483 634
Non-operating expenses   (997) (1,237)
       
Non-operating result [15] (653) (613)
       
Income before income taxes   1,222 2,199
       
Income taxes [16] (473) (641)
       
Income from continuing operations after taxes   749 1,558
       
Income (loss) from discontinued operations after taxes [7.2] (67) 37
       
Income after taxes   682 1,595
  of which attributable to minority interest [17] (3) (2)
  of which attributable to Bayer AG stockholders (net income)   685 1,597
       
Earnings per share (EUR)   0.94 2.19
From continuing operations [18] 1.03 2.14
  Basic   1.03 2.14
  Diluted   1.03 2.14
From continuing and discontinued operations [18] 0.94 2.19
  Basic   0.94 2.19
  Diluted   0.94 2.19

1 2004 figures restated
 
 
 
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