Notes to the Consolidated Financial Statements of the Bayer Group

General Information

The consolidated financial statements of the Bayer Group as of December 31, 2018, were prepared by Bayer Aktiengesellschaft (Bayer AG) according to the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB), London, United Kingdom, in effect at the end of the reporting period, and the interpretations of the IFRS Interpretations Committee (IFRS IC) as endorsed by the European Union. The applicable further requirements of Section 315e of the German Commercial Code were also taken into account.

Bayer AG (which is entered in the commercial register of the Local Court of Cologne, Germany, HRB 48248) is a global enterprise based in Germany. Its registered office is at Kaiser-Wilhelm-Allee 1, 51368 Leverkusen. The material business activities of the Bayer Group in the fields of health care and agriculture took place in the reporting period in the Pharmaceuticals, Consumer Health, Crop Science and Animal Health segments. The activities of each segment are outlined in the Note “Segment Reporting”.

The declarations required under Section 161 of the German Stock Corporation Act concerning the German Corporate Governance Code have been issued and made available to stockholders.

The declaration issued in December 2018 concerning the German Corporate Governance Code is published on the Bayer website along with previous declarations:

The Board of Management of Bayer AG prepared the consolidated financial statements of the Bayer Group on February 19, 2019. They were discussed by the Audit Committee of the Supervisory Board of Bayer AG at its meeting on February 25, 2019, and approved by the Supervisory Board at its plenary meeting on February 26, 2019.

The consolidated financial statements of the Bayer Group are drawn up in euros. Except where otherwise indicated, amounts are stated in millions of euros (€ million) and rounded to the nearest million. Adding the individual figures may therefore not always result in the exact total given.

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