BMW 2005 Annual Report Download - page 142

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[DSC]
DSC (Dynamic Stability Control) can correct un-
stable driving conditions, such as under- or over-
steering, as soon as they begin. Thus, when DSC is
activated and intervenes in the braking or engine
management system, the vehicle is stabilised by
applying the brakes on the individual wheels. Within
physical limits, dangerous skidding is stopped as
soon as it starts. The latest generation of DSC also
offers a number of additional safety and comfort
functions, such as Trailer Stability Control or Fading
Compensation when braking performance decreases.
[EBIT]
Abbreviation for “Earnings Before Interest and Taxes”.
The profit before income taxes, minority interest and
financial result.
[EBITDA]
Abbreviation for “Earnings Before Interest,Taxes,
Depreciation and Amortisation”.The profit before
income taxes, minority interest, financial result and
depreciation/amortisation.
[Effectiveness]
The degree to which offsetting changes in fair value
or cash flows attributable to a hedged risk are
achieved by the hedging instrument.
[EMAS]
Abbreviation for “Eco-Management and Audit
Scheme”. A management tool that allows com-
panies and organisations to evaluate, report on and
improve their environmental performance.
[Equity ratio]
The proportion of equity (= subscribed capital, re-
serves and accumulated other equity) to the balance
sheet total.
[High-Beam Assistant]
The High-Beam Assistant reduces strain on the
driver by automatically switching the high beam on
and off. A camera sensor at the front of the rear view
mirror monitors road traffic up to around 1,000 me-
tres ahead. The system recognises light from the
headlamps of oncoming vehicles and the rear lights
of vehicles ahead. High beam is generally used more
often and correctly. Other road users are no longer
dazzled by mistake.
[High-revving concept]
The high-revving concept is typical of all high-
performance normal-aspiration power units of
BMW M GmbH. It allows ideal transmission ratios
and thus generates enormous thrust on the driving
axle. These high-performance engines are charac-
terised by particularly spontaneous and smooth
power development up into the top engine speed
range, a relatively low weight in relation to the high
power, and comparatively economical fuel con-
sumption.
[IASs]
International Accounting Standards.
[IFRSs]
International Financial Reporting Standards, intended
to ensure global comparability of financial reporting
and consistent presentation of financial statements.
The IFRSs are issued by the International Accounting
Standards Board and include the International
Accounting Standards (IASs), which are still valid.
[Internal financing]
Internal financing is calculated as the profit before
tax, adjusted for depreciation and amortisation and
material non-cash items, less income tax paid.
[Preferred stock]
Stock which receives a higher dividend than com-
mon stock, but without voting rights.