Other Information

Audit Fees

The following fees for the services of the worldwide network of PricewaterhouseCoopers (PwC), including PricewaterhouseCoopers Aktiengesellschaft Wirtschaftsprüfungsgesellschaft (PwC AG WPG), were recognized as expenses:

Audit Fees

 

 

PwC

 

of which PwC AG WPG

 

 

2015

2016

 

2015

2016

 

 

€ million

€ million

 

€ million

€ million

Financial statements auditing

 

17

16

 

7

7

Audit-related services and other audit work

 

9

2

 

9

1

Tax consultancy

 

3

3

 

Other services

 

7

7

 

5

5

Total

 

36

28

 

21

13

The fees for the auditing of financial statements mainly comprised those for the audits of the consolidated financial statements of the Bayer Group and the financial statements of Bayer AG and its subsidiaries. The decrease in fees for audit-related services and other audit work mainly resulted from the absence of fees related to the carve-out and stock market flotation of Covestro, which took place in 2015.

The Independent Auditor’s Report on the consolidated financial statements for fiscal 2016 was signed by Dr. Peter Bartels and Eckhard Sprinkmeier. Eckhard Sprinkmeier is the responsible audit partner. Dr. Peter Bartels signed the Independent Auditor’s Report for the first time for the year ended December 31, 2012, and Eckhard Sprinkmeier for the year ended December 31, 2014. PwC has served as the auditor of Bayer’s consolidated financial statements since the merger of Price Waterhouse Deutschland and Coopers & Lybrand Deutsche Revision in 1998. The predecessor firm of Coopers & Lybrand Deutsche Revision had already audited Bayer’s consolidated financial statements for some years prior to that date.