BMW 2004 Annual Report Download - page 89
Download and view the complete annual report
Please find page 89 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
 |
 |
88
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
Provisions for obligations for personnel and so-
cial expenses comprise mainly profit-share schemes
and bonuses, early retirement part-time working
arrangements, employee long-service awards, flexible
working-time credits and vacation entitlements.The
increase compared to the previous year is mainly
due to the higher level of obligations relating to profit-
share schemes and bonuses and employee long-
service awards.
Provisions for obligations for on-going opera-
tional expenses comprise primarily warranty obliga-
tions and sales bonuses and rebates. The increase
Of the amount shown as released, euro 41 million are included in costs by function in the income statement.
is mainly attributable to the higher level of provisions
brought about by increased business volumes.
Provisions for other obligations cover numerous
specific risks and obligations of uncertain amount.
They comprise mainly obligations and risks in respect
of the disengagement from the former Rover Group,
the obligation for recovery and recycling of end-of-
life vehicles and risks from legal disputes.
The discount factor used to discount non-current
provisions ranged from 3.4% to 5.0%, depending
on the length of period involved.
Provisions changed during the year as follows:
in euro million At Translation Additions Reversal of Utilised Released At
1. 1.2004 differences discounting 31.12.2004
Ta x e s 359 – 437 – 311 38 447
Obligations for personnel and
social expenses 1,440 – 3 1,054 – 978 27 1,486
Obligations for on-going
operational expenses 3,288 – 15 1,683 67 1,462 50 3,511
Other obligations 1,234 2 504 19 286 148 1,325
6,321 –16 3,678 86 3,037 263 6,769
Other provisions principally comprise the following items:
[30]Other provisions
in euro million 31.12.2004 31.12. 2003
Total thereof Total thereof
due within due within
one year one year
Taxes 447 436 359 334
Obligations for personnel and social expenses 1,486 1,062 1,440 1,284
Obligations for on-going operational expenses 3,511 1,696 3,288 1,513
Other obligations 1,325 578 1,234 748
6,769 3,772 6,321 3,879