BMW 2003 Annual Report Download - page 56

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55
BMW Group
Group and sub-group Income Statements
in euro million Notes Group Industrial operations1]Financial operations1]
2003 2002 2003 2002 2003 2002
reclassified
2]
reclassified
2]
reclassified
2]
Revenues [9]41,525 42,411 39,712 39,706 7,822 8,605
Cost of sales [10]– 32,090 – 32,754 – 30,925 – 30,712 –6,857 –7,700
Gross profit 9,435 9,657 8,787 8,994 965 905
Sales and administrative costs [11]–4,446 – 4,389 – 4,058 – 4,009 – 407 – 403
Research and development costs [12]–2,146 –2,133 –2,146 –2,133 ––
Other operating income and expenses [13]510 370 469 300 11 49
Profit before financial result 3,353 3,505 3,052 3,152 569 551
Financial result [14]– 148 –208 – 229 – 179 89 –20
Profit from ordinary activities 3,205 3,297 2,823 2,973 658 531
Income taxes [15]–1,258 –1,277 –1,128 –1,173 – 231 –180
Minority interest [16]000–00
Net profit 1,947 2,020 1,695 1,800 427 351
Earnings per share
of common stock in euro [17]2.89 3.00
Earnings per share
of preferred stock in euro [17]2.91 3.02
1]before consolidation of transactions between the sub-groups
2]see also Note [7]