BMW 2005 Annual Report Download - page 41

Download and view the complete annual report

Please find page 41 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.

Page out of 205

  • 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

40
BMW stock 2001 2002 2003 2004 2005
Common stock
Number of shares in1,000 622,228 622,228 622,228 622,228 622,228
Shares bought back at the
reporting date ––––13,488
Stock exchange price in euro1]
Year-end closing price 39.15 28.92 36.75 33.20 37.05
High 41.49 47.60 38.40 37.44 39.97
Low 24.15 27.97 21.12 31.78 32.04
Preferred stock
Number of shares in1,000 50,638 51,468 52,196 52,196 52,196
Stock exchange price in euro1]
Year-end closing price 26.70 18.60 24.65 24.80 33.00
High 27.60 31.99 26.25 26.20 33.98
Low 16.55 18.17 14.86 22.86 24.48
2001 2002 2003 20045] 2005
Key data per share in euro
Dividend
Common stock 0.52 0.52 0.58 0.62 0.642]
Preferred stock 0.54 0.54 0.60 0.64 0.66 2]
Earnings per share of common stock
3]
2.78 3.00 2.89 3.33 3.33
Earnings per share of preferred stock
4]
2.80 3.02 2.91 3.35 3.35
Cash flow 6.24 6.49 6.66 7.69 8.31
Equity 16.01 20.59 23.95 24.52 25.17
1]Xetra closing prices
2]proposed by management
3]annual average weighted amount
4]stock weighted according to dividend entitlements
5]adjusted for new accounting treatment of pension obligations
examples of recognition demonstrate how aspects
of business sustainability are becoming increasingly
important as an element of the BMW Group’s capital
market work.
The Sustainable Value Report published in
September 2005 shows how the BMW Group is
implementing the principle of sustainability in all
its aspects and demonstrates the full extent of
its social and ecological activities. The report is
available in German, English, Italian, Chinese and
Japanese and can be obtained, free of charge, via
the e-mail address sustainability@bmwgroup.com.
The report can also be accessed online at
www.bmwgroup.com/sustainability.
Group Management Report 8
A Review of the Financial Year 8
The General Economic Environment 11
Review of operations 15
BMW Stock in 2005 38
Financial Analysis 41
--Internal Management System 41
--Earnings performance 42
--Financial position 45
--Net assets position 46
--Subsequent events report 49
--Value added statement 49
--Key performance figures 51
--Comments on BMW AG 52
Risk Management 56
Outlook 60