BMW 2005 Annual Report Download - page 141

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[ACEA]
Abbreviation for “Association des Constructeurs
Européens d’Automobiles” (European Automobile
Manufacturers Association).
[BMW CleanEnergy]
BMW CleanEnergy is the name of the BMW Group’s
initiative for a sustainable energy strategy. The aim
is to develop products that are in keeping with the
idea of sustainability and meet responsibility for the
future. The BMW Group will therefore support, in
the long term, a hydrogen economy based on re-
generative energy sources such as hydro-electric
power, wind power and solar energy. In doing so,
the BMW Group favours the hydrogen-powered
combustion engine because it best meets customer
requirements in terms of power, dynamic perform-
ance, costs and sophistication.
[BMW Night Vision]
BMW Night Vision uses Far Infrared technology to
cover an area way beyond the range of the head-
lamps (up to 300 metres). It detects mainly pedes-
trians, animals or objects radiating heat, which
makes them stand out from their surroundings and
thus show up brightly and clearly on the screen.
BMW Night Vision does not show unnecessary, dis-
tracting details, but concentrates on essentials.
[Cash flow]
The difference between cash inflows and cash out-
flows for a specific period. Cash flow can be defined
in a variety of ways. The cash flow referred to in the
BMW Group Annual Report is computed as follows:
Net profit/loss
+ depreciation and amortisation on intangible
assets and property, plant and equipment
+/– increase/decrease in pension provisions
= Cash flow
[Cash flow, operating]
Cash inflow from industrial operations.
[Common stock]
Stock with voting right (cf. preferred stock).
[Cost of materials]
Comprises all expenditure to purchase raw materials
and supplies.
[DAX]
Abbreviation for “Deutscher Aktien Index”, the Ger-
man
Stock Index.The index is based on the weighted
market prices of the 30 largest German stock cor-
porations (by stock market capitalisation).
[Deferred taxes]
Accounting for deferred taxes is a method of
allocating tax expense/benefit to the appropriate
accounting period.
[Derivatives]
Financial products, whose measurement is derived
principally from market price, market price fluctua-
tions and expected market price changes of the
underlying instrument (e.g. indices, stocks or bonds).
[DJSI]
Abbreviation for “Dow Jones Sustainability Index
World”. A family of indexes created by Dow Jones
and the Swiss investment agency SAM Sustain-
ability Group for companies with strategies based
on a sustainability concept. The BMW Group has
been one of the leading companies in the DJSI
since 1999.
Glossary
Other Information 134
BMW AG Principal Subsidiaries 134
BMW Group10-year Comparison 136
BMW Group Locations 138
Glossary 140
Index 144
Contacts 146
Financial Calendar 147