BMW 2001 Annual Report Download - page 83

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82
Debt includes all interest-bearing liabilities of the
BMW Group at the relevant balance sheet dates. It
comprises the following:
[29]Debt
001 BMW Group in figures
004 Report of the Supervisory Board
008 Supervisory Board
011 Board of Management
012 Group Management Report
029 BMW Stock
033 Group Financial Statements
098 BMW AG Financial Statements
104 BMW Group Annual Comparison
106 BMW Group Locations
108 Glossary
112 Index
in euro million At Additions Reversal of Used Released Translation At
31.12.2000 discounting differences 31.12.2001
Ta x e s 440 +379  397  6  6 410
Obligations for personnel
and social expenses 830 + 785  547 19 1,049
Obligations for on-going
operational expenses 1,804 +1,529 +57 1,208  73 +2 2,111
Other obligations 1,978 + 448 + 8  978  220  28 1,208
5,052 3,141 65  3,130  318  32 4,778
Provisions for obligations for personnel and
social expenses comprise mainly profit-share
schemes and bonuses, employee long-service
awards, vacation entitlements, flexible working-time
credits and part-time working arrangements for
older employees.
Provisions for obligations for on-going opera-
tional expenses comprise mainly warranty obliga-
tions, sales bonuses, volume discounts and losses
on onerous contracts.
Provisions for other obligations cover numerous
identified risks and obligations of uncertain amount.
They comprise mainly obligations and risks in re-
spect of the disengagement from Rover activities,
the obligation for collection, treatment and recovery
of end-of life vehicles and risks from legal disputes.
The decrease in the provisions for other obligations
is attributable primarily to the utilisation of the provi-
sions for the Rover disengagement.
Provisions changed during the year as follows:
31. December 2001
in euro million Maturity Maturity Maturity
within 1 year between 1 later than Total
and 5 years 5 years
Bonds 3,298 5,221 1,464 9,983
Liabilities to banks 1,295 2,859 160 4,314
Liabilities from customer deposits (banking) 2,029 147 2,176
Commercial papers 2,054 2,054
Bills of exchange 1 1
Other debt 3,043 3,547 547 7,137
11,720 11,774 2,171 25,665