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 Debt1March 31, 2016June 30, 2016
€ million€ million
Bonds and notes / promissory notes16,15316,165
 of which hybrid bonds24,5264,527
Liabilities to banks2,8052,182
Liabilities under finance leases449447
Negative fair values of hedges of recorded transactions632708
Other financial liabilities255175
Positive fair values of hedges of recorded transactions(265)(287)
Financial liabilities20,02919,390
Cash and cash equivalents(3,552)(1,055)
Current financial assets3(154)(495)
Net financial debt (including hybrid bonds)16,32317,840

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 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 and held-to-maturity financial investments that were recorded as current on initial recognition.

 

 

Development of Net Financial Debt in 2015

 

Long-term Development of Net Financial Debt

Last updated: July 27, 2016 Copyright © Bayer AG