拜耳集团Bayer AG (BAYZF) 1998年年度报告「OTC」.pdf

1、Annual Report1998Expertise withResponsibilityBayer is a diversified,international chemicals and health care group.We offer our customers a wide variety of products and services in areas ranging from pharmaceuticals and crop protectionto plastics,specialty chemicals and imaging technologies.Bayer is

2、research-based and aims for technological leadership in itscore activities.Our goals are to steadily increase corporate value and generate a high value added for the benefit of our stockholders,our employees and the community in every country in which we operate.We believe that our technical and com

3、mercialexpertise involves a responsibility to work for the common good and contribute to sustainable development.Bayer:Success through Expertise with Responsibility.19981997Change in%SalesDM million54,88455,005 0.2Operating resultDM million6,1516,018+2.2Income before income taxesDM million5,3365,108

4、+4.5Net incomeDM million3,1572,941+7.3 Gross cash flowDM million6,6026,480+1.9Stockholders equityDM million24,99123,923+4.5 Total assetsDM million57,21654,170+5.6Capital expenditures DM million5,1654,559+13.3Employees at year end145,100144,600+0.3Personnel expensesDM million15,85415,442+2.7Research

5、and developmentexpensesDM million3,9203,878+1.1Bayer GroupBayer AG19981997Change in%Total dividend paymentDM million1,4611,388+5.3Dividend per share DM2.001.90+5.3Tax creditDM0.650.81-19.8Bayer Key DataThis complete version of the Annual Report is published in English and German.A shorter report on

6、the fiscal year is alsoavailable in English,German,French,Italian,Japanese and Spanish.The financial state-ments of Bayer AG are published in English and German.All of these publications and lists of BayerAGs direct and indirect holdings may beobtained on request from Bayer AG,Corporate Communicatio