BMW 2004 Annual Report Download - page 67

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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
66
published in December 2003 in conjunction with the
Improvement Project and to the amended Standards
IAS 32 (Financial Instruments: Disclosure and Pre-
sentation) and IAS 39 (Financial Instruments: Recog-
nition and Measurement), which are required to be
applied from1 January 2005 onwards.
The IFRIC has issued six new Interpretations or
amendments to existing Interpretations:
–IFRIC 1 (Changes in Existing Decommissioning,
Restoration and Similar Liabilities)
–IFRIC 2 (Members’ Shares in Co-operative Entities
and Similar Instruments)
–IFRIC 3 (Emission Rights)
–IFRIC 4 (Determining whether an Arrangement
contains a Lease)
–IFRIC 5 (Rights to Interests arising from Decom-
missioning, Restoration and Environmental
Rehabilitation Funds)
–IFRIC Amendment to SIC-12 (Scope of SIC-12
Consolidation-Special Purpose Entities)
IFRIC 3, IFRIC 4 and IFRIC 5 do not become manda-
tory for the BMW Group until 1 January 2006; the
remaining Interpretations become mandatory from
1 January 2005 onwards. The above-listed Interpre-
tations have not been applied before their manda-
tory date in the Group financial statements at 31 De-
cember 2004.
Revenues by activity comprise the following:
in euro million 2004 2003
Sales of products and related goods 37,138 34,498
Income from lease instalments 2,623 2,532
Sale of products previously leased to customers 2,473 2,642
Interest income on loan financing 1,429 1,278
Other income 672 575
Revenues 44,335 41,525
[8]Revenues
Group revenues include revenues of euro 6,829
million (2003: euro 6,709 million) relating to financial
services business.
An analysis of revenues by business segment
and geographical region is shown in the segment in-
formation on pages 100 to 103.
BMW Group
Notes to the Group Financial Statements
Notes to the Income Statement