Bayer AG - Stockholders' Newsletter First Quarter 2007 - Statements of Recognized Income and Expense

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Financial Statements

Bayer Group Consolidated Statements of Recognized Income and Expense

	1st Quarter 2006	1st Quarter 2007
€ million
Changes in fair values of derivatives designated as hedges and available-for-sale financial assets, recognized in stockholders’ equity	9	1
Changes in actuarial gains/losses on defined benefit obligations for pensions and other post-employment benefits, recognized in stockholders’ equity	805	331
Exchange differences on translation of operations outside the euro zone, recognized in stockholders’ equity	(144)	36
Deferred taxes on valuation adjustments offset directly against stockholders’ equity	(315)	(134)
Changes due to changes in scope of consolidation	-	31
Valuation adjustments recognized directly in stockholders’ equity	355	265
Income after taxes	597	2,810
Total income and expense recognized in the financial statements	952	3,075
of which attributable to minority interest	(5)	2
of which attributable to Bayer AG stockholders	957	3,073