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Overview of Sales, Earnings and Financial PositionOperating EnvironmentChanges in Corporate StructurePerformance by Subgroup and SegmentPerformance by RegionValue ManagementLiquidity and Capital ResourcesEarnings PerformanceAsset and Capital StructureProposal for Distribution of the ProfitEmployeesProcurement and DistributionResearch and DevelopmentSustainable DevelopmentCorporate Social ResponsibilityCompensation ReportRisk ReportSubsequent EventsFuture PerspectivesAwards 2006/2007Bayer Schering Pharma off to a successful startNew formulating technology from Bayer CropScienceBayer and UNEP reinforce partnershipStart-up company for luminescent filmBayer divests interest in GE Bayer SiliconesProducing antibodies in plantsBayer plans to acquire Ure-Tech Group of TaiwanSector’s largest R&D budgetBayer HealthCare steps up OTC presence in ChinaPhase III study for rivaroxaban under wayAdvent and Carlyle acquire H.C. StarckBayer to invest US$ 1.8 billion in Shanghai through 2009Acquisitions strengthen U.S. cottonseed business 
Dow to acquire Wolff Walsrode from BayerSale of diagnostics business completed“Combating Climate Change” initiative signed
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