拜耳集团Bayer AG (BAYZF) 2014年年度报告「OTC」.pdf

1、 For direct access to a chapter,simply click on its name.ABOUT THIS REPORTThis Annual Report combines our financial and our sustain-ability reporting.On page 30-31 you can find further information about this report and learn how to use it.COVER PICTURE Bayer:Science For A Better Life Key Data Chairm

2、ans Letter FOCUS ON LIFE SCIENCE BUSINESSES For a better life 12 Promoting health and well-being 17 Food for the world 20 Research at the interface 26 Optimally equipped for the future 28 TO OUR STOCKHOLDERS Executive Council 32 Report of the Supervisory Board 34 Investor Information 3901 COMBINED M

3、ANAGEMENT REPORT OF THE BAYER GROUP AND BAYER AG 45 Report on Economic Position 149 Overview of Sales,Earnings and Financial Position 150 Business Development by Subgroup,Segment and Region 154 Earnings;Asset and Financial Position of the Bayer Group 169 Earnings;Asset and Financial Position of Baye

4、r AG 18002 CONSOLIDATED FINANCIAL STATEMENTS OF THE BAYER GROUP 227 RESPONSIBILITY STATEMENT 332 INDEPENDENT AUDITORS REPORT 333 INDEPENDENT ASSURANCE REPORT 33503 FURTHER INFORMATION 338 Financial Calendar Masthead,DisclaimerAnnual Report2014Bayer is a global enterprise with core competencies?polym

5、er materials.?intensive areas.Our products and services are designed?growth and high earning power.?bilities as a corporate citizen.Cover picture Employees at the research and development laboratory in Memphis,Tennessee,are working on formulations for non-prescription products.The laboratory now bel

6、ongs to Bayer following the acquisition of the consumer care business of U.S.pharmaceutical company Merck&Co.,Inc.Our cover picture shows Angie Robertson and Patrick Williams inspecting a sample.You can read more about Bayers range of non-prescription products in the magazine section of this Annual