BMW 2004 Annual Report Download - page 95
Download and view the complete annual report
Please find page 95 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
 |
 |
These future obligations are matched, or ex-
ceeded, by income on sub-leases.
Purchase commitments for property, plant and
equipment amount to euro 732 million (2003: euro
1,151 million).
Sundry other financial commitments amount
to euro 207 million (2003: euro 255 million). This
includes the amount of euro 50 million committed
for the intended refurbishment of the headquarters
of BMW AG.
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
94
These future obligations are matched, or ex-
ceeded, by finance leases receivables which are in-
cluded in receivables from sales financing.
Obligations for future minimum lease payments on back-to-back finance leases were as follows:
In addition, the BMW Group is the lessee in the
case of operating leases for vehicles which are leased
to third parties over matching periods. The following
amounts are payable under these contracts:
in euro million 31.12.2004 31.12.2003
Total future minimum lease payments
due within one year 3 30
due between one and five years 3 11
due later than five years – –
641
Interest portion of future minimum lease payments
due within one year – 1
due between one and five years – 1
due later than five years – –
–2
Present value of future minimum lease payments
due within one year 3 29
due between one and five years 3 10
due later than five years – –
639
in euro million 31.12.2004 31.12.2003
Nominal total of future minimum lease payments
due within one year 828 773
due between one and five years 900 722
due later than five years – –
1,728 1,495