BMW 2003 Annual Report Download - page 121
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Revenues euro million 41,525 42,411
Change %–2.1 9.9
Vehicle production
Automobiles2]units 1,118,940 1,090,258
Motorcycles3]units 89,745 93,010
Deliveries to customers
Automobiles2]units 1,104,916 1,057,344
Motorcycles4]units 92,962 92,599
Workforce at end of year5]104,342 101,395
Capital expenditure euro million 4,245 4,042
as % of revenues %10.2 9.5
Depreciation and amortisation euro million 2,370 2,143
Internal financing6]euro million 8,868 7,687
as % of investments %208.9 190.2
Non-current assets euro million 20,212 18,829
Receivables from sales financing7]euro million 21,950 19,493
Other current assets, deferred tax assets and prepayments euro million 19,313 17,189
Subscribed capital euro million 674 674
Reserves euro million 14,642 13,029
Capital reserve euro million 1,971 1,954
Revenue reserves euro million 12,671 11,075
Equity euro million 16,150 13,871
as % of non-current assets %79.9 73.7
Equity ratio
Industrial operations %45.4 43.1
Financial operations %9.8 9.4
Long-term debt euro million 16,739 15,918
Long-term capital euro million 32,889 29,789
as % of non-current assets %162.7 158.2
Balance sheet total euro million 61,475 55,511
Personnel costs euro million 7,066 6,588
per employee5]euro 71,996 69,560
Profit from ordinary activities euro million 3,205 3,297
Income taxes euro million 1,258 1,277
Net profit/ – loss for the year euro million 1,947 2,020
Unappropriated profit of BMW AG available for distribution9]euro million 392 351
001 BMW Group in figures
004 Report of the Supervisory Board
008 Supervisory Board
011 Board of Management
012 Group Management Report
12 A Review of the Financial Year
29 Outlook
30 Financial Analysis
44 Risk Management
047 BMW Stock
050 Corporate Governance
054 Group Financial Statements
118 BMW AG Principal Subsidiaries
120 BMW Group10-year Comparison
122 BMW Group Locations
124 Glossary, Index
120120
BMW Group10-year Comparison
2003 2002
IAS IAS
reclassified1]
1]reclassified after harmonisation of internal and external reporting systems 2]
incl. Rover Cars from18 March 1994 until 9 May 2000 and Land Rover from 18 March1994 until 30 June 2000
5]from1998 figures exclude suspended contracts of employment, employees in the vacation phase of pre-retirement, low-income earners 6]to 2000 HGB: cash flow 7]to 2000 HGB: