APPENDIX A

Bayer Key Data

Bayer Group		2000	1999	Change in %
Sales	• million	30,971	27,320	+ 13.4
Operating result	• million	3,287	3,357	− 2.1
Income before income taxes	• million	2,990	2,836	+ 5.4
Net income	• million	1,816	2,002	− 9.3
Gross cash flow	• million	4,164	3,192	+ 30.5
Stockholders/ equity	• million	16,377	15,182	+ 7.9
Total assets	• million	36,451	31,279	+ 16.5
Capital expenditures	• million	2,647	2,632	+ 0.6
Employees	at year end	122,100	120,400	+ 1.4
Personnel expenses	• million	7,735	7,549	+ 2.5
Research and development expenses	• million	2,393	2,252	+ 6.3

Bayer AG		2000	1999	Change in %
Total dividend payment	• million	1,022	949	+ 7.7
Dividend per share	•	1.40	1.30	+ 7.7
Tax credit	•	0.45	0.08	-
Source: http://www.bayer.com/geschaeftsbericht2000//eng/index.html

Ten Year Financial Summary

Bayer Group ( • million)	1996	1997	1998	1999	2000
Net sales	24,853	28,124	28,062	27,320	30,971
Sales outside Germany	82,2%	83,9%	83,6%	84,3%	85,6%
Sales of foreign consolidated companies	65,4%	67,0%	67,5%	68,3%	69,0%
Operating result	2,306	3,077	3,155	3,357	3,287
Income before income taxes	2,282	2,611	2,728	2,836	2,990
Income after taxes	1,405	1,509	1,615	2,018	1,842
Noncurrent assets	10,689	12,230	13,981	15,614	20,344
Intangible assets	729	1,051	1,909	2,213	4,843
Property, plant and equipment	8,974	10,307	10,970	11,986	13,345
Investment	986	872	1,102	1,415	2,156
Current assets	14,593	15,467	15,396	15,665	16,107
Inventories	5,144	5,424	5,781	4,992	6,095
Receivables	7,028	7,588	7,894	7,533	9,308
Liquid assets	2,421	2,455	1,721	3,140	704
Stockholders' equity	10,765	12,232	12,779	15,182	16,377
Capital stock of Bayer AG	1,851	1,867	1,867	1,870	1,870
Capital reserves and retained earnings	7,287	8,638	9,087	11,134	12,454
Net income	1,393	1,504	1,614	2,002	1,816
Minority stockholders' interest	234	223	211	176	237
Liabilities	14,517	15,465	16,598	16,097	20,074
Provisions	7,057	7,275	7,271	6,714	7,163
Other liabilities	7,460	8,190	9,327	9,383	12,911
Total assets	25,282	27,697	29,377	31,279	36,451
Proportion of total assets
Noncurrent assets	42.3%	44.2%	47.6%	49.9%	55.8%
Current assets	57.7%	55.8%	52.4%	50.1%	44.2%
Stockholders' equity	42.6%	44.2%	43.5%	48.5%	44.9%
Liabilities	57.4%	55.8%	56.5%	51.5%	55.1%
Financial obligations	3,520	3,896	4,730	4,466	6,665
- Long-term	1,615	2,150	2,404	2,359	2,803
- Short term	1,905	1,746	2,326	2,107	3,862
Interest income(expense) - net	(44)	(157)	(179)	(196)	(311)
Noncurrent assets financed by stockholders' equity	100.7%	100.0%	91.4%	97.2%	80.5%
Noncurrent assets and inventories financed by stockholders' equity and long-term liabilities	114.9%	115.5%	106.1%	112.3%	93.9%
Return on sales	9.3%	11.0%	12.6%	11.2%	11.1%
Return on stockholders' equit	14.0%	13.1%	12.9%	14.4%	11.7%
Source: http://www.bayer.com/geschaeftsbericht2000//eng/index.html