BMW 2002 Annual Report Download - page 78
Download and view the complete annual report
Please find page 78 of the 2002 BMW annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
 |
 |
77
The
BMW
Group, as lessor, leases out assets
(predominantly own products) as part of its sales
financing activities. Minimum lease payments of
Contingent rents of euro 4 million (2001: euro
15 million), based principally on the distance driven,
were recognised in income.
euro 3,425 million (2001: euro 3,736 million) from
non-cancellable operating leases fall due as follows:
Changes in leased products during the year are
shown in the analysis of changes in Group non-cur-
rent assets on pages 74 and 75.
Abreakdown of the different classes of financial
assets disclosed in the balance sheet and changes
during the year are shown in the analysis of changes
in Group non-current assets on pages 74 and 75.
Additions to investments in subsidiaries relate
to share capital increases for the companies
BMW
Financial Services Korea Co., Ltd., Seoul,
Designworks/
USA
,Inc., Newbury Park, Cal.,
BMW
Acquisitions Ltda., São Paulo, Westchester
BMW
,
Inc., Wilmington, Del., Alphabet Fleet Services
Espana S.L., Madrid, Alphabet Belgium N.V.,
Bornem, and BMW Leasing de Mexico S.A. de C.V.,
Mexico City.
Disposals of investments in subsidiaries result
from the initial consolidation of BMW Financial
Services Scandinavia AB, Solna, BMW (Thailand)
Co., Ltd., Bangkok, and BMW Manufacturing (Thai-
land) Co., Ltd., Bangkok.
Investments in associated companies comprise
primarily the Groups interest in Rover Finance Hold-
ings Ltd., Guildford, accounted for using the equity
method, and the joint venture
TRITEC
Motors
Ltda.,
Campo Largo.The assets and liabilities as well as
income and expense items of the joint venture
TRITEC
Motors Ltda., Campo Largo, are not mate-
rial to the respective positions in the
BMW
Group
financial statements. The amount shown as a dis-
posal of investments in associated companies
relates to distributions by Rover Finance Holdings
Ltd., Guildford.
Write-downs on investments in other com-
panies
in the year under report relate to shares in
Rolls-Royce plc, London, which were written down
to their market value at 31 December 2002.The
write-down was recognised directly in
accumulated
other equity.
[21]Financial assets
in euro million 31.12. 2002 31.12. 2001
within one year 1,782 2,076
between one and five years 1,643 1,640
later than five years 20
3,425 3,736
[22]Leased products