Other Information

Audit Fees

Deloitte has been Bayer’s auditor since 2017. The Independent Auditor’s Report on the consolidated financial statements for fiscal 2018 was signed by Heiner Kompenhans and Prof. Frank Beine. Both signed the Independent Auditor’s Report for the first time for the year ended December 31, 2017, and are the responsible audit partners.

The following fees for the services of the worldwide network of Deloitte or Deloitte GmbH Wirtschaftsprüfungsgesellschaft (Deloitte GmbH WPG) were recognized as expenses:

Audit Fees

 

 

Deloitte

 

of which Deloitte GmbH WPG

 

 

2017

2018

 

2017

2018

 

 

€ million

€ million

 

€ million

€ million

Financial statements auditing

 

9

15

 

3

6

Audit-related services and other audit work

 

2

3

 

2

3

Tax consultancy

 

1

3

 

Other services

 

5

4

 

4

2

Total

 

17

25

 

9

11

The fees for the auditing of financial statements mainly comprised those for the audits of the consolidated financial statements of the Bayer Group and the financial statements of Bayer AG and its subsidiaries. The non-audit-related services primarily related to due diligence services concerning business entities considered for divestment (Other services), the assessment of financial and nonfinancial information outside of financial statement auditing (Audit-related services and other audit work), and compliance-related tax consultancy services that had neither a material or direct impact on the annual financial statements or consolidated financial statements.

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