Net Financial Debt

Bayer publishes its amount of net financial debt on a regular basis. This shows the Group’s net financing requirements and is calculated from gross financial obligations less liquid assets and receivables from financial derivatives:

Net Financial Debt1June 30, 2016Sep. 30, 2016
€ million€ million
Bonds and notes / promissory notes16,16516,121
 of which hybrid bonds24,5274,528
Liabilities to banks2,1821,910
Liabilities under finance leases447437
Liabilities from derivatives3708537
Other financial liabilities175198
Receivables from derivatives3(287)(275)
Financial liabilities19,39018,928
Cash and cash equivalents(1,055)(1,232)
Current financial assets4(495)(1,895)
Net financial debt (including hybrid bonds)17,84015,801

1 Net financial debt is not defined in the International Financial Reporting Standards and is calculated as shown in this table.
2 Classified as debt according to IFRS
3 These include the market values of interest-rate and currency hedges of recorded transactions and the market values of currency hedges for planned acquisitions.

4 These include short-term loans and receivables with maturities between 3 and 12 months outstanding from banks and other companies as well as available-for-sale financial assets that were recorded as current on initial recognition.

 

 

Development of Net Financial Debt in 2015

 

Long-term Development of Net Financial Debt

Last updated: October 26, 2016 Copyright © Bayer AG