Merck 2014 Annual Report Download - page 10
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ANNUAL REPORT → Table of contents 5
TO OUR SHAREHOLDERS →
32 – 41
034 Letter from Karl-Ludwig Kley
038 The Executive Board
040 Company Shares
GROUP MANAGEMENT
REPORT →
42 –141
044 FUNDAMENTAL INFORMATION
ABOUT THE GROUP
044 The Group
050 Objectives and strategies of the Group
055 Internal management system of the Group
059 Corporate Responsibility
067 Research and Development at the Group
077 Employees
080 REPORT ON ECONOMIC POSITION
080 Macroeconomic and sector-specific environment
082 Review of forecast against actual business developments
084 Course of business and economic position
084 Group
097 Biopharmaceuticals
104 Consumer Health
109 Performance Materials
115 Life Science
121 Corporate and Other
122 REPORT ON RISKS AND OPPORTUNITIES
134 REPORT ON EXPECTED DEVELOPMENTS
140 REPORT IN ACCORDANCE WITH SECTION 315 (4)
OF THE GERMAN COMMERCIAL CODE (HGB)
141 SUBSEQUENT EVENTS
→ The full Consolidated Financial Statements can be found on
our website at: ar2014.emdgroup.com
CORPORATE GOVERNANCE →
142 –165
144 Capital structure and corporate bodies of MerckKGaA,
Darmstadt, Germany
145 Statement on Corporate Governance
162 Report of the Supervisory Board
164 Objectives of the Supervisory Board
with respect to its composition
CONSOLIDATED FINANCIAL
STATEMENTS →
166 – 259
168 Consolidated Income Statement
169 Consolidated Statement of Comprehensive Income
170 Consolidated Balance Sheet
171 Consolidated Cash Flow Statement
172 Consolidated Statement of Changes in Net Equity
174 Notes to the Group accounts
260 RESPONSIBILITY STATEMENT
261 AUDITOR’S REPORT
262 Information and Service