BMW 2004 Annual Report Download - page 74
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Earnings per share of preferred stock are com-
puted on the basis of the number of preferred stock
shares entitled to receive a dividend in each of the
The income statement includes personnel costs as follows:
relevant financial years. Diluted earnings per share
were not applicable in either the current or prior year.
The average number of employees during the year was:
73
[16]Earnings per share
[17]Other disclosures to
the income statement
2004 2003
Net profit for the year after minority interest euro million 2,221.9 1,947.0
Profit attributable to common stock euro million 2,051.7 1,797.8
Profit attributable to preferred stock euro million 170.2 149.2
Average number of common stock shares outstanding during the year number 622,227,918 622,227,918
Average number of preferred stock shares outstanding during the year number 51,301,117 51,275,972
Earnings per share of common stock euro 3.30 2.89
Earnings per share of preferred stock euro 3.32 2.91
Dividend per share of common stock euro 0.62 0.58
Dividend per share of preferred stock euro 0.64 0.60
in euro million 2004 2003
Personnel costs
Wages and salaries 5,954 5,951
Social security, retirement and welfare costs 1,200 1,115
– thereof for retirement costs: euro 701million (2003: euro 657 million)
7,154 7,066
2004 2003*
Wage earners 54,490 54,822
Other employees 42,792 41,315
97,282 96,137
Apprentices and students gaining work experience 6,344 5,939
103,626 102,076
*previous year’s figure adjusted for students gaining work experience