BMW 2004 Annual Report Download - page 119
Download and view the complete annual report
Please find page 119 of the 2004 BMW annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
 |
 |
118
Revenues euro million 44,335 41,525
Change %6.8 –2.1
Vehicle production
Automobiles2]units 1,250,345 1,118,940
Motorcycles3]units 93,836 89,745
Deliveries to customers
Automobiles2]units 1,208,732 1,104,916
Motorcycles4]units 92,266 92,962
Workforce at end of year5]105,972 104,342
Capital expenditure euro million 4,347 4,245
as % of revenues %9.8 10.2
Depreciation and amortisation euro million 2,672 2,370
Internal financing6]euro million 9,188 8,868
as % of investments %211.4 208.9
Non-current assets euro million 22,753 20,212
Receivables from sales financing7]euro million 25,054 21,950
Other current assets, deferred tax assets
and prepayments euro million 19,608 19,313
Subscribed capital euro million 674 674
Reserves euro million 16,472 14,642
Capital reserves euro million 1,971 1,971
Revenue reserves euro million 14,501 12,671
Equity euro million 17,517 16,150
as % of non-current assets %77.0 79.9
Equity ratio
Industrial operations %44.9 45.4
Financial operations %9.7 9.8
Long-term debt euro million 18,733 16,739
Long-term capital euro million 36,250 32,889
as % of non-current assets %159.3 162.7
Balance sheet total euro million 67,415 61,475
Personnel costs euro million 7,154 7,066
per employee5]euro 73,539 73,499
Profit from ordinary activities euro million 3,554 3,205
Income taxes euro million 1,332 1,258
Net profit/ – loss for the year euro million 2,222 1,947
Unappropriated profit of BMW AG available for distribution9]euro million 419 392
Other Information 116
BMW AG
Principal Subsidiaries
116
BMW
Group10-year Comparison
118
BMW Group Locations 120
Glossary 122
Index 126
Contacts 128
Financial Calendar 129
BMW Group 10-year Comparison
2004 2003
IAS IAS
1]reclassified after harmonisation of internal and external reporting systems 2]
incl. Rover Cars until 9 May 2000 and Land Rover until 30 June 2000
3]up to 1999 including
5]from 1998 figures exclude suspended contracts of employment, employees in the vacation phase of pre-retirement, low-income earners 6]to 2000 HGB: cash flow