BMW 2001 Annual Report Download - page 66

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65
An analysis of revenues by business segment
and geographical region is shown in the segment in-
formation on pages 86 to 89.
Revenues of euro 61 million (2000: euro 27 mil-
lion) were recognised on service and customer-spe-
cific production contracts under long-term contracts
in progress. The aggregate amount of profits recog-
Research and development costs of euro 1,663
million (2000: euro 1,440 million) comprise all re-
search costs and development costs not recognised
as assets as well as amortisation and disposals of
capitalised development costs of euro 443 million
(2000: euro 400 million).
Cost of sales in 2001 includes impairment
losses of euro 26 million principally on tools within
the BMW Automobiles segment. In the previous
year, impairment losses of euro 402 million were
recognised in conjunction with the reorganisation of
the production plants in Oxford and Swindon. This
amount is disclosed in Reconciliations in the seg-
ment information. Cost of sales in fiscal year 2000
includes impairment losses of euro 21 million on
goodwill in conjunction with the reorganisation of
the Softlab Group. This amount is also shown in
Reconciliations in the segment information. Interest
expense on refinancing the entire financial services
business of euro 1,162 million (2000: euro 1,279
million) is also included in cost of sales.
Sales costs amount to euro 4,104 million (2000:
euro 4,121 million), administrative costs amount to
euro 543 million (2000: euro 571 million).
Revenues by activity comprise the following:
nised on long-term contracts in progress amounted
to euro 16 million (2000: euro 8 million) and costs
incurred to date amounted to euro 40 million (2000:
euro 20 million).
[9]Revenues
[10]Cost of sales, sales
and administrative costs
[11]Research and
development
costs
in euro million 2001 2000
Sales of products and related goods 31,222 28,882
Income from lease instalments 2,505 3,052
Sale of products previously leased to customers 2,851 3,357
Interest income on loan financing 1,277 1,312
Other income 608 623
38,463 37,226