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, 2018June 30, 2018
€ million€ million
Bonds and notes / promissory notes12,29035,495
 of which hybrid bonds24,5344,535
Liabilities to banks61114,441
Liabilities under finance leases248389
Liabilities from derivatives3199201
Other financial liabilities6861,603
Receivables from derivatives3(223)(355)
Financial debt13,81151,774
Cash and cash equivalents(5,332)(4,981)
Current financial assets4(6,829)(1,042)
Noncurrent financial assets5-(1,054)
Net financial debt (including hybrid bonds)1,65044,697

1 For definition see Annual Report 2017, 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 financial investments in debt and equity instruments that were recorded as current on first-time recognition.
5 These solely comprise the remaining interest in Covestro that is to be used to repay the convertible bond issued in 2017 that will mature in 2020.

 

Development of Net Financial Debt in 2017

Long-term Development of Net Financial Debt

Services

Current Event

November 13, 2018

Q3 2018 Interim Report

Overview