BMW 2001 Annual Report Download - page 110

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[DJSI World]
The abbreviation for Dow Jones Sustainability Index
World. An index for companies introduced by Dow
Jones and the Swiss SAM Sustainability Group
Investment Agency focusing on companies which
are following strategies aimed at sustainability. The
BMW Group has been the leading car maker in the
DJSI Automotive Group ever since its establishment
in 1999.
[DVFA/SG result]
A basis for the computation of earnings used by the
Deutschen Vereinigung für Finanzanalyse und An-
lageberatung/Schmalenbach Gesellschaft, the
German Society of Investment Analysts and Asset
Managers. Under this method, the annual results of a
company are adjusted for one-off special effects to
improve comparability.
[e-Business]
BMW sees e-business as both a challenge and an
opportunity for the entire Company. The strategic
significance of e-business lies in the greater process
orientation and networking of current structures
and processes, with a clear focus on the customer.
e-business therefore supports BMWs objective to
grow profitably. All of BMWs e-business activities
are driven from the perspective of daily business,
helping to optimise and improve processes. The
primary focus is not on cost reduction, but rather on
benefits, flexibility, quality and customer satisfaction.
The aspect of speed is of particular significance.
[Effectiveness]
The degree to which offsetting changes in fair value
or cash flows attributable to a hedged risk are
achieved by the hedging instrument.
[Equity ratio]
The proportion of equity (= subscribed capital, re-
serves and accumulated other equity) to the balance
sheet total.
[IAS]
Abbreviation for International Accounting Stan-
dards. Accounting standards which are intended to
ensure global comparability of accounting practices
and financial reporting. They are issued by the Inter-
national Accounting Standards Board (IASB).
[iDrive]
A revolutionary control concept enabling the driver
to concentrate on the essential. With its open,
flexible structure, iDrive creates ideal conditions
for integrating many new functions and provides a
totally new, clear interior architecture.
[Integral ABS]
As a world-first achievement on the motorcycle,
BMW Integral ABS uses the technical options of
the newly developed third generation of ABS and
combines this new technology with additional
functions. The system incorporates an electro-
hydraulic brake servo as well as adaptive brake
force distribution.
[Internal financing]
Internal financing is defined by the BMW Group as
profit from ordinary activities less actual tax pay-
ments and adjusted for depreciation and amortisa-
tion and significant non-cash items.
[KOVP]
The German abbreviation for Customer-Oriented
Sales and Production Process. The overriding ob-
jective of KOVP is to give each customer his per-
sonal car on his specified date. To achieve this goal
in a competitive environment constantly changing
and becoming demanding, the BMW Group has
started to develop a new sales and production
system.