1、Annual Report1999Innovations for PeopleBayer Annual Report 1999Bayer Key Data19991998Change in%Sales million27,32028,0622.6Operating result million3,3573,155+6.4Income before income taxes million2,8362,728+4.0Net income million2,0021,614+24.0Gross cash flow million3,2523,3944.2Stockholders equity mi
2、llion15,18212,779+18.8Total assets million31,27929,377+6.5Capital expenditures million2,6322,703 2.6Employees at year end120,400145,100 17.0Personnel expenses million7,5498,1066.9Research and development expenses million2,2522,045+10.1Bayer GroupBayer AG19991998Change in%Total dividend payment milli
3、on949747+27.0Dividend per share 1.301.02+27.5Tax credit0.080.33 75.8This complete version of the Annual Report ispublished in English and German.A shorter report on the fiscal year is also available in English,German,French,Italian,Japanese and Spanish.The financial state-ments of Bayer AG are publi
4、shed in English and German.All of these publications and lists of Bayer AGs direct and indirect holdings may be obtained on request from Bayer AG,Corporate Communications Division,51368 Leverkusen,Germany.Sales,profits,forecasts behind the sober figures of this Annual Report are people from allparts
5、 of the world who have contributed to the performance of our company:employees,business partners,customers.A few of these people are introduced in the briefillustrated statements that appear on the following pages.Some are scientists working for external partners who help us to develop innovative pr
6、oducts or research new medicines,and someare customers who benefit from the work of our researchers customers for whom Bayerproducts have become an important part of everyday life.The pictures from Mexico,Russia,China,Spain,Germany and the United States will give youinsight into the world of Bayer a