BMW 2003 Annual Report Download - page 80
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79
[14]Financial result in euro million 2003 2002
reclassified
Income from investments 30 14
–thereof from subsidiaries: euro 3 million (2002: euro 1 million)
Losses (2002: income) from associated companies 13 20
Expenses from loss transfers – 1
Impairment losses on investments in subsidiaries and associated companies 20 6
Result on investments –3 27
Expected return on plan assets 249 325
Other interest and similar income 281 385
–thereof from subsidiaries euro 17 million (2002: euro 22 million)
Interest and similar income 530 710
Expense from reversing the discounting of pension obligations 410 452
Expense from reversing the discounting of other long-term provisions 104 71
Write-downs on current marketable securities 1 22
Sundry interest and similar expenses 296 377
–thereof to subsidiaries euro 2 million (2002: euro 3 million)
Interest and similar expenses 811 922
Net interest expense – 281 – 212
Gains (2002: losses) on the fair value measurement of financial instruments 136 23
Other financial result 136 –23
Financial result – 148 – 208