BMW 2005 Annual Report Download - page 118
Download and view the complete annual report
Please find page 118 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
 |
 |
117
The nominal amounts of derivative financial
instruments correspond to the purchase or sale
amounts or contract values of the underlying trans-
actions. The nominal amounts, fair values (and also
The disclosed fair values of derivative financial
instruments, based on their nominal amounts, do
not take account of any compensating changes in
the value of the underlying transaction. Moreover,
the fair values disclosed do not necessarily corre-
spond to the amounts which the BMW Group will
realise in the future under the market conditions pre-
vailing at that time.
The currency hedge contracts comprise
princi-
pally forward currency contracts which are designated
as a cash flow hedge. The interest rate contracts in-
carrying amounts) and maturities of derivative finan-
cial instruments of the BMW Group are shown in the
following analysis:
clude swaps which are accounted for on the basis
of whether they are designated as a fair value hedge
or as a cash flow hedge.
The fair values of financial instruments relating
to hedged forecast transactions are recognised di-
rectly in accumulated other equity. At 31 December
2005, the positive impact from the fair value measure-
ment
of financial instruments (net of deferred taxes)
amounted to euro 591 million (2004: euro 1,134 mil-
lion) and has been recognised directly in equity. This
comprises fair value gains of euro 29 million (2004:
in euro million Nominal Fair values
amount
Total due within due between due later
one year one and than
five years five years
31 December 2005
Assets
Currency hedge contracts 6,378 270 163 107 –
Interest rate contracts 11,975 488 41 315 132
Other derivative instruments 209 48 21 27 –
Total 18,562 806 225 449 132
Liabilities
Currency hedge contracts 14,509 361 154 207 –
Interest rate contracts 5,792 36 2 13 21
Other derivative instruments 561 453 – 453 –
Total 20,862 850 156 673 21
31 December 2004
Assets
Currency hedge contracts 13,833 1,844 1,390 453 1
Interest rate contracts 9,608 813 124 495 194
Other derivative instruments 114 17 8 9 –
Total 23,555 2,674 1,522 957 195
Liabilities
Currency hedge contracts 3,189 237 124 91 22
Interest rate contracts 7,043 38 8 27 3
Other derivative instruments 646 107 105 2 –
Total 10,878 382 237 120 25