BMW 2004 Annual Report Download - page 124

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[DJSI]
The abbreviation for “Dow Jones Sustainability
Indexes”. A group of indexes created by Dow Jones
and the Swiss investment agency SAM Sustainability
Group for companies which are following strategies
aimed at sustainability. The BMW Group has been
represented in the DJSI in a leading position since
1999.
[DSC]
Dynamic Stability Control can correct unstable situa-
tions, such as under- or over-steering, as soon as
they begin. When DSC is activated and intervenes in
the braking system or engine management, the car
can be stabilised by applying brakes on individual
wheels. Dangerous skidding can be stopped before
it starts – within physical limits.
[Dry sump lubrication]
With this technology, the engine oil is pumped into
a separate oil tank. From there a pressure pump
supplies the lubrication points in the engine. The
engine’s oil supply is ensured even in extreme con-
ditions, such as very high centrifugal powers. More-
over, dry sump lubrication permits an extremely low
engine position (no oil sump).
[Dynamic Drive]
Active suspension system for maximum roll stabilisa-
tion. Body roll is reduced to a minimum when taking
bends. This is ensured by two active stabilisers built
into the front and rear axles.
[EBIT]
Abbreviation for “Earnings Before Interest and Taxes”.
The profit before income taxes, minority interest and
financial result.
[EBITDA]
Abbreviation for “Earnings Before Interest,Taxes,
Depreciation and Amortisation”.The profit before
income taxes, minority interest, financial result and
depreciation/amortisation.
[Effectiveness]
The degree to which offsetting changes in fair value
or cash flows attributable to a hedged risk are
achieved by the hedging instrument.
[EMAS]
Abbreviation for “Eco-Management and Audit
Scheme”. A management tool which allows com-
panies and organisations to evaluate, report on and
improve their environmental performance.
[Equity ratio]
The proportion of equity (= subscribed capital, re-
serves and accumulated other equity) to the balance
sheet total.
[High-revving concept]
The high-revving concept is typical of all high-per-
formance normal-aspiration power units of BMW M
GmbH. It allows ideal transmission ratios and thus
generates enormous thrust on the driving axle.
These high-performance engines are characterised
by particularly spontaneous and smooth power
development up into the top engine speed range,
a relatively low weight in relation to the high power,
and comparatively economical fuel consumption.
[IASs]
International Accounting Standards.
[IFRSs]
International Financial Reporting Standards, intended
to ensure global comparability of financial reporting
and consistent presentation of financial statements.
The IFRSs are issued by the International Accounting
Standards Board and include the International
Accounting Standards (IASs), which are still valid.