BMW 2005 Annual Report Download - page 115
Download and view the complete annual report
Please find page 115 of the 2005 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
-
201
-
202
-
203
-
204
-
205
 |
 |
All contingent liabilities relate to non-group
entities (2004: euro1 million relating to non-consoli-
dated subsidiaries).
Several liability applies in the case of investments
in general partnerships.
The usual commercial guarantees have been
given in relation to the sale of Rover Cars and Land
Rover activities.
Other financial commitments
In addition to liabilities, provisions and contingent
liabilities, the BMW Group also has other financial
The above amounts include euro 2 million
(2004: euro 28 million) in respect of non-consolidat-
ed subsidiaries and euro 63 million (2004: euro 54
million) for back-to-back operating leases.
commitments, primarily under lease contracts for
land, buildings, plant and machinery, tools, office
and other facilities. The leases run for periods of one
to 97 years and in some cases contain extension
and/or purchase options. Lease payments of euro
79 million (2004: euro164 million) were recognised
as expense during the year.
The total of future minimum lease payments
under non-cancellable leases is analysed by maturity
as follows:
114
Contingent Liabilities
No provisions were recognised for the following con-
tingent liabilities (stated at their nominal amount),
since an outflow of resources is not considered to
be probable:
BMW Group
Notes to the Group Financial Statements
Other Disclosures
[38]Contingent
liabilities and other
financial commitments
in euro million 31.12.2005 31.12. 2004
in euro million 31.12.2005 31.12. 2004
Nominal total of future minimum lease payments
due within one year 174 167
due between one and five years 521 508
due later than five years 591 613
1,286 1,288
Guarantees 62 54
Performance guarantees 15 88
Bills of exchange 16 4
93 146
Group Financial Statements 62
Income Statements 63
Balance Sheets 64
Cash Flow Statements 66
Group Statement of
Changes in Equity 68
Statement of Income and Expenses
recognised directly in Equity 69
Notes 70
--Accounting Principles
and Policies 70
--Notes to the Income Statement 81
--Notes to the balance sheet 90
--Other Disclosures 114
--Segment Information 121
Auditors’ Report 125