Notes to the Statements of Cash Flows

Overview

The statement of cash flows shows how cash inflows and outflows during the fiscal year affected the cash and cash equivalents of the Bayer Group.

Of the cash and cash equivalents, an amount of €14 million (2017: €17 million) had limited availability due to foreign exchange restrictions. Past experience has shown such restrictions to be of short duration.

The cash flows reported by consolidated companies outside the eurozone are translated at average monthly exchange rates, with the exception of cash and cash equivalents, which are translated at closing rates. The “Change in cash and cash equivalents due to exchange rate movements” is reported in a separate line item.

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