Financial Statements

38. Related parties

Our business partners include companies in which an interest is held, and companies with which members of the Supervisory Board of Bayer AG are associated. Transactions with these companies are carried out on an arm’s-length basis. Business with such companies was not material from the viewpoint of the Bayer Group. The Bayer Group was not a party to any transaction of an unusual nature or structure that was material to it or to companies or persons closely associated with it.

Transactions in the following amounts – mainly for trade in goods and services – were undertaken with related parties included in the financial statements of the Bayer Group at equity or cost less impairment charges:

	2006	2007
€ million
Income	188	135
Receivables	143	47
Liabilities	(127)	(111)

In addition, financial receivables of €6 million from related parties existed in 2007 (2006: €43 million).

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