Earnings; Asset and Financial Position of the Bayer AG

Overview

Business lease agreements between Bayer AG on the one hand, and Bayer Pharma AG and Bayer CropScience AG – the former parent companies of the respective divisions – on the other, have been in place since the start of 2017. These agreements transferred the two companies’ operational businesses to Bayer AG. As a result, the business of Bayer AG – previously confined to a holding company function – expanded considerably to include the parent company functions of the two divisions. The financial statements of Bayer AG are prepared in accordance with the German Commercial Code (HGB), Stock Corporation Act (AktG) and German Energy Act (EnWG).

Bayer AG performs principal management functions for the Bayer Group.

Bayer AG supplies third parties with electricity and gas at individual facilities. In accordance with Section 3, No. 18 of the German Energy Act (EnWG), it is therefore classified as an energy provider within the meaning of the EnWG. Furthermore, as the vertically integrated energy provider and site services provider Currenta GmbH & Co. OHG is a subsidiary of Bayer AG, Bayer AG is classed as a vertically integrated energy provider pursuant to Section 3, No. 38 of the EnWG.

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