BMW 2003 Annual Report Download - page 71
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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
70
The harmonisation of internal and external financial reporting systems gave rise to the following reclassifica-
tion in the income statement for the financial year 2002:
in euro million 1.1. to 31.12.2002 1.1. to 31.12.2002
Group financial statements 2002 2002 reclassified Change
in % in %
Revenues 42,282 100.0 42,411 100.0 +129
Cost of sales – 31,542 74.6 – 32,754 77.2 –1,212
Gross profit 10,740 25.4 9,657 22.8 – 1,083
Sales costs – 4,331 10.2 – 3,642 8.6 +689
Administrative costs – 572 1.4 – 747 1.8 – 175
Research and development costs – 2,011 4.8 – 2,133 5.0 – 122
Other operating income 1,340 3.2 1,077 2.5 – 263
Other operating expenses –1,788 4.2 –707 1.6 + 1,081
Profit before financial result 3,378 8.0 3,505 8.3 + 127
Financial result – 81 0.2 – 208 0.5 –127
Profit from ordinary activities 3,297 7.8 3,297 7.8 –
Income taxes –1,277 3.0 – 1,277 3.0 –
Minority interest 0 – 0 – –
Net profit 2,020 4.8 2,020 4.8 –