The statement of cash flows shows how cash inflows and outflows during the year affected the cash and cash equivalents (liquidity) of the Bayer Group as of the closing date. The effects of changes in the scope of consolidation are stated separately. Cash flows are classified by operating, investing and financing activities in accordance with IAS 7 (Statement of Cash Flows).
The amounts reported by consolidated companies outside the eurozone are translated at average monthly exchange rates, with the exception of cash and cash equivalents, which are translated at closing rates as in the statement of financial position. The effect of changes in exchange rates on cash and cash equivalents is shown separately.
The amounts corresponding to the components of the net operating cash flow are shown both in the statement of financial position and in the income statement. This applies, for example, to the amounts of inventories, receivables and payables recognized in the statement of financial position that determine the changes in working capital shown in the statement of cash flows. The income after taxes forms the starting point for the statement of cash flows.