Bayer Group Consolidated Balance Sheets

	March 31, 2007	March 31, 2008	Dec. 31, 2007
€ million
Noncurrent assets
Goodwill	8,183	8,190	8,215
Other intangible assets	15,448	14,221	14,555
Property, plant and equipment	8,740	8,561	8,819
Investments in associates	517	457	484
Other financial assets	1,177	995	1,127
Other receivables	184	996	667
Deferred taxes	1,005	611	845
	35,254	34,031	34,712
Current assets
Inventories	6,327	6,218	6,217
Trade accounts receivable	6,817	6,689	5,830
Other financial assets	238	570	335
Other receivables	1,613	1,494	1,461
Claims for income tax refunds	235	195	208
Cash and cash equivalents	6,143	2,717	2,531
Assets held for sale and discontinued operations	346	82	84
	21,719	17,965	16,666

Total assets	56,973	51,996	51,378

Stockholders’ equity
Capital stock of Bayer AG	1,957	1,957	1,957
Capital reserves of Bayer AG	4,028	4,028	4,028
Other reserves	9,855	11,543	10,749
	15,840	17,528	16,734
Equity attributable to minority interest	66	77	87
	15,906	17,605	16,821

Noncurrent liabilities
Provisions for pensions and other post-employment benefits	6,156	4,970	5,501
Other provisions	1,506	1,273	1,166
Financial liabilities	14,626	12,648	12,911
Other liabilities	402	515	501
Deferred taxes	4,397	3,893	3,866
	27,087	23,299	23,945
Current liabilities
Other provisions	4,571	3,995	3,754
Financial liabilities	3,673	1,757	1,287
Trade accounts payable	2,296	2,220	2,466
Income tax liabilities	170	99	56
Other liabilities	3,112	2,892	2,873
Liabilities directly related to assets held for sale and discontinued operations	158	129	176
	13,980	11,092	10,612

Total stockholders’ equity and liabilities	56,973	51,996	51,378