BMW 2003 Annual Report Download - page 98

The changes in the pension provision and
the pension asset (reimbursement claims or rights
Other provisions principally comprise the following items:
to reduce future contributions to the funds) as dis-
closed in the balance sheet are as follows:
97
[31]Other provisions
in euro million Germany UK Other countries Total
2003 2002 2003 2002 2003 2002 2003 2002
Balance sheet amount at 1.1. 2,117 1,945 –10 –67 106 100 2,213 1,978
Expense from pension obligations 203 174 88 68 48 35 339 277
Effect of plan settlements (recognised
in provisions in previous years) – ––67 –––67
Pension payments or transfers
to external funds – 56 –49 –111 –81 –24 –20 –191 –150
Employee contributions to the
deferred remuneration retirement
scheme 43 47 ––––43 47
Transfer of obligations to
non-consolidated entities – 2 ––––––2 –
Translation differences on
foreign pension plans – –13–9 –9 –8 –6
Balance sheet amounts at 31.12. 2,305 2,117 –32 –10 121 106 2,394 2,213
thereof pension provision 2,305 2,117 333 122 107 2,430 2,257
thereof pension asset (–) – ––35 –43 –1 –1 –36 –44
in euro million 31.12.2003 31.12. 2002
To tal thereof To tal thereof
due within due within
one year one year
Ta x e s 359 334 372 370
Obligations for personnel and social expenses 1,440 1,284 1,096 789
Obligations for on-going operational expenses 3,288 1,513 2,737 1,174
Other obligations 1,234 748 1,204 726
6,321 3,879 5,409 3,059