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 Debt1Dec. 31, 2016March 31, 2017
€ million€ million
Bonds and notes / promissory notes15,99115,421
 of which hybrid bonds24,5294,530
Liabilities to banks1,8371,846
Liabilities under finance leases436435
Liabilities from derivatives3587534
Other financial liabilities730751
Receivables from derivatives3(313)(235)
Financial liabilities19,26818,752
Cash and cash equivalents(1,899)(2,224)
Current financial assets4(5,591)(6,128)
Net financial debt (including hybrid bonds)11,77810,400

1 For definition see Annual Report 2016, Chapter “Alternative Performance Measures Used by the Bayer Group.”
2 Classified as debt according to IFRS
3 These include the market values of interest-rate and currency hedges of recorded transactions.
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 2016

 

Long-term Development of Net Financial Debt

Last updated: April 27, 2017 Copyright © Bayer AG