BMW 2003 Annual Report Download - page 84
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83
The minority interest in profit totalling euro 0.235
million (2002: euro 0.201 million) comprises euro
0.223 million (2002: euro 0.201 million) relating
to the minority shareholder Euro Lloyd Reisebüro
Earnings per share of preferred stock are com-
puted on the basis of the number of preferred stock
shares entitled to receive a dividend in each of the
The income statement includes personnel costs as follows:
GmbH, Cologne, and euro 0.012 million (2002:
euro – million) relating to the minority shareholder
Norddeutsche Landesbank Girozentrale, Braun-
schweig.
relevant years. Diluted earnings per share were not
applicable in either the current or prior year.
The average number of employees during the year was:
[17]Earnings per share
[18]Other disclosures to
the income statement
[16]Minority interest
2003 2002
Net profit for the year after minority interest euro million 1,947.0 2,020.0
Profit attributable to common stock euro million 1,797.8 1,867.0
Profit attributable to preferred stock euro million 149.2 153.0
Average number of common stock shares outstanding during the year number 622,227,918 622,227,918
Average number of preferred stock shares outstanding during the year number 51,275,972 50,638,232
Earnings per share of common stock euro 2.89 3.00
Earnings per share of preferred stock euro 2.91 3.02
Dividend per share of common stock euro 0.58 0.52
Dividend per share of preferred stock euro 0.60 0.54
in euro million 2003 2002
Personnel costs
Wages and salaries 5,951 5,541
Social security, retirement and welfare costs 1,115 1,047
–thereof for retirement costs: euro 657 million (2002: euro 603 million)
7,066 6,588
2003 2002
Wage earners 54,828 54,013
Other employees 43,317 40,697
98,145 94,710
Apprentices 3,931 3,768
102,076 98,478