Annual Report 2013
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Accounting policies Audited

  • [5] Accounting and measurement principles
  • [6] Management judgments and sources of estimation uncertainty
  • [7] Consolidation methods
  • [8] Currency translation
  • [9] Recognition of sales and other revenue
  • [10] Research and development costs
  • [11] Financial instruments: Principles
  • [12] Financial instruments: Categories and classes of financial instruments
  • [13] Financial instruments: Derivative and accounting for hedging relationships
  • [14] Other non-financial assets and liabilities
  • [15] Inventories
  • [16] Intangible assets
  • [17] Property, plant and equipment
  • [18] Leasing
  • [19] Deferred taxes
  • [20] Provisions
  • [21] Provisions for pensions and other post-employment benefits
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Imprint, © Merck KGaA, Darmstadt, Germany, Last Update 2014/03/06
  • Transformation on track
    • Letter from Karl-Ludwig Kley
  • Group Management Report
    • Fundamental Information about the Group
      • Divisions
        • Merck Serono
        • Consumer Health
        • Performance Materials
        • Merck Millipore
      • Objectives and strategies
        • Principles and Group strategy
        • Business strategies of the divisions
      • Internal management system
        • Group and Division KPIs
      • Research and Development
        • Consumer Health
    • Report on Economic Position
      • Macroeconomic environment
      • Review of forecast
      • Course of business and economic position
        • Business development
        • Expenses
        • Result
        • Assets and liabilities
        • Overall assessment
      • Merck Serono
        • Business development
        • Regions
        • Major products
        • Expenses
        • Result
      • Consumer Health
        • Business development
        • Regions
        • Expenses
        • Result
      • Performance Materials
        • Business development
        • Regions
        • Expenses
        • Result
      • Merck Millipore
        • Business development
        • Regions
        • Business units
        • Expenses
        • Result
      • Corporate and Other
    • Report on Risks and Opportunities
      • Business-related risks and opportunities
      • Risks and opportunities of product quality and availability
      • Financial risks and opportunities
      • Legal risks
    • Report on Expected Developments
      • Merck Group
      • Merck Serono
      • Consumer Health
      • Performance Materials
      • Merck Millipore
      • Summary
  • Corporate Governance
    • Report of the Supervisory Board
    • Objectives of the Supervisory Board
  • Financial Statements
    • Income Statement
  • Notes
    • Scope of consolidation
      • Changes in the scope of consolidation
    • Accounting policies
      • Management judgments and sources of estimation uncertainty
      • Consolidation methods
      • Recognition of sales and other revenue
      • Financial instruments: Principles
    • Notes to the consolidated income statement
      • Sales
      • Cost of sales
      • Marketing and selling expenses
      • Royalty, license and commission expenses
      • Other operating expenses and income
      • Amortization of intangible assets
    • Notes to the balance sheet
      • Trade accounts payable
      • Provisions
    • Segment reporting
      • Information by division/country and region
      • Information on segment reporting
    • Other disclosures
      • Derivative financial instruments
      • Personnel expenses/Headcount
      • Material costs
  • Business Development 2009-2013
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