Under German law, the dividend payment is
based on the balance sheet profit of the parent company, which
amounted to EUR 694 million in 2005:
| Bayer AG Summary Income Statements |
2004 |
2005 |
| EUR million |
|
|
| Net sales |
233 |
197 |
| Cost of goods sold |
(184) |
(134) |
| Gross profit |
49 |
63 |
| Selling and administration expenses |
(189) |
(215) |
| Other operating income and expenses – net |
(76) |
110 |
Operating result
|
(216) |
(42) |
| Non-operating result |
508 |
719 |
| Income before income taxes |
292 |
677 |
| Income taxes |
(18) |
(64) |
| Net income |
274 |
613 |
| Decline in assets due to the spin-off |
(836) |
0 |
| Allocation from retained earnings |
964 |
81 |
| Balance sheet profit |
402 |
694 |
We will propose to the Annual Stockholders’ Meeting
on April 28, 2006 that the balance sheet profit be used to
pay a dividend of EUR 0.95 per share (730,341,920 shares)
on the capital stock of EUR 1.9 billion entitled to the dividend
for 2005.
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