BMW 2004 Annual Report Download - page 53

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Group Financial Statements 50
Income Statements 51
Balance Sheets 52
Cash Flow Statements 54
Group Statement of
Changes in Equity 56
Notes 57
--Accounting Principles
and Policies 57
--Notes to the Income Statement 66
--Notes to the balance sheet 74
--Other Disclosures 93
--Segment Information 100
--Disclosures pursuant to
§292a HGB
104
Auditors’ Report 107
52
BMW Group
Group and sub-group Balance Sheets at 31 December
Assets Notes Group Industrial operations*Financial operations*
in euro million 2004 2003 2004 2003 2004 2003
Intangible assets [19]3,758 3,200 3,739 3,181 19 19
Property, plant and equipment [20]10,724 9,708 10,703 9,688 21 20
Financial assets [21]769 607 750 593 19 14
Leased products [22]7,502 6,697 221 225 9,450 8,293
Non-current assets 22,753 20,212 15,413 13,687 9,509 8,346
Inventories [23]6,467 5,693 6,458 5,686 97
Trade receivables [24]1,868 2,257 1,820 2,191 48 66
Receivables from sales financing [24]25,054 21,950 ––25,054 21,950
Other receivables [24]6,474 7,184 4,817 4,829 3,084 3,545
Marketable securities [25]1,832 1,857 1,832 1,857 ––
Cash and cash equivalents [26]2,128 1,659 1,997 1,247 131 412
Current assets 43,823 40,600 16,924 15,810 28,326 25,980
Deferred tax assets [14]296 175 191 120 – 1,012 – 873
Prepayments [27]543 488 125 166 418 322
Total assets 67,415 61,475 32,653 29,783 37,241 33,775
Total assets adjusted for
asset backed financing transactions 63,146 56,487 ––32,972 28,787
*before consolidation of transactions between the sub-groups