Bayer Schering Pharma Aktiengesellschaft (SHR) SC TO-C Information about tender offer

Exhibit 99.21

CONVENIENCE TRANSLATION

Dritte BV Gesellschaft mit beschränkter Haftung
Restated Financial Statements for Fiscal 2003

Balance Sheet as of December 31, 2003

ASSETS

	EUR
Current assets
Cash on hand, checks and balances with the Bundesbank and other banks		25,000
		25,000

EQUITY AND LIABILITIES

	EUR
Equity
Capital stock		25,000
Net loss		(445	)
		24,555
Provisions
Other provisions		445
		25,000

CONVENIENCE TRANSLATION

Dritte BV Gesellschaft mit beschränkter Haftung
Restated Financial Statements for Fiscal 2003

Income Statement for the Shortened Fiscal Year from
December 9 to December 31, 2003

	EUR
General administration expenses		425
Other operating expenses		20
Income from ordinary operations / net loss		(445	)

CONVENIENCE TRANSLATION

Dritte BV Gesellschaft mit beschränkter Haftung
Restated Financial Statements for Fiscal 2003

Accounting Policies

The annual financial statements for Dritte BV Gesellschaft mit beschränkter Haftung have been prepared in accordance with the provisions of the German Commercial Code (HGB) applicable to small limited liability companies as defined in § 267 para. 1 HGB. These annual financial statements are an amended and restated version of the financial statements for fiscal 2003 dated February 16, 2004, which were adopted on August 1, 2004. The original financial statements are appended to the restated financial statements.

The amendments to the balance sheet and income statement comprise renaming certain items. In the notes to the financial statements, superfluous information contained in the section on recognition and valuation principles has been eliminated. Imprecise and incorrect statements made in the accounting policies section have been clarified.

The income statement has been drawn up using the cost-of-sales method.

The parent company, Bayer AG, Leverkusen, Germany, prepares consolidated financial statements. A copy of its consolidated financial statements can be obtained from its registered office. The consolidated financial statements are deposited with the Commercial Register of the Local Court (Amtsgericht) in Cologne, HRB 48248, and have been published in the Federal Gazette (Bundesanzeiger).

Recognition and Valuation Principles

Other provisions are established to cover all foreseeable risks and uncertain liabilities, based on reasonable estimates of such commitments as of the reporting date.

Notes to the Balance Sheet

Cash on hand, checks and balances with the Bundesbank and other banks

The company has bank balances totaling€25,000.

CONVENIENCE TRANSLATION

Other Information
Management

Dr. Armin Buchmeier, attorney-at-law
Joachim Reinders, business studies graduate

Leverkusen, June 30, 2006

Dritte BV Gesellschaft mit beschränkter Haftung

( Dr. Buchmeier )       ( Rosenberg )

CONVENIENCE TRANSLATION

Balance Sheet
for Dritte BV GmbH for the Shortened Fiscal Year
from December 9 to December 31, 2003

A S S E T S

	EUR
Current assets
Bank balances		25,000
		25,000

EQUITY AND LIABILITIES

	EUR
Equity
Capital stock		25,000
Net loss		(445	)
		24,555
Provisions
Other provisions		445
		25,000

Convenience Translation

Income statement
for Dritte BV GmbH
for the Shortened Fiscal Year from December 9 to December 31, 2003

	EUR
General administration expenses		425
Other operating expenses		20
Income from ordinary operations		445
Other interest and similar income from affiliated companies		0
Interest and similar expenses paid to affiliated companies		0
Net interest position		0
Non-operating result		0
Income from ordinary operations / earnings before income taxes		(445	)
Income taxes		—
Net income/loss		(445	)

Convenience Translation

Notes to the Financial Statements
of Dritte BV GmbH, Leverkusen,
for the Shortened Fiscal Year from December 9 to December 31, 2003

General

The accounting and valuation principles of Dritte BV used in the past have been retained in these financial statements.

To enhance clarity, certain items are combined in the income statement and balance sheet. These items are explained in the Notes.

The parent company, Bayer AG, Leverkusen, prepares consolidated financial statements, which are available from its registered office.

Recognition and Valuation Principles

Receivables andother assets are recognized at nominal value.

Other provisions are established to cover all foreseeable risks and uncertain liabilities. The provisions for uncertain liabilities reflect the amounts expected to be used.

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Convenience Translation

Notes to the Balance Sheet

Bank balances

The company has bank balances totaling€25,000.

Other Information

Management

The managing directors were:
Dr. Armin Buchmeier
Joachim Reinders

Leverkusen, February 16, 2004
Dritte BV GmbH

(Dr. Buchmeier)       (Reinders)