BMW 2005 Annual Report Download - page 67
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66
in euro million Notes Group
2005 20042]
BMW Group
Group and sub-group Cash Flow Statements
Net profit 2,239 2,242
Depreciation of leased products 3,441 2,869
Depreciation and amortisation of tangible, intangible and investment assets 3,025 2,675
Increase in provisions 764 746
Change in deferred taxes 236 467
Other non-cash income and expense items 176 75
Gain/loss on disposal of non-current assets and marketable securities – 99 19
Undistributed results from joint ventures – 14 –4
Changes in current assets and liabilities
Change in inventories 187 – 865
Change in receivables – 239 218
Increase in liabilities 975 869
Cash inflow from operating activities [40]10,691 9,311
Investment in intangible assets and property, plant and equipment – 3,875 – 4,243
Proceeds from the disposal of intangible assets and property, plant and equipment 42 42
Expenditure for investments –74 –43
Proceeds from the disposal of investments 13 34
Proceeds from sale of Land Rover 1,000 –
Investment in leased products – 9,461 – 7,327
Disposals of leased products 3,197 3,197
Additions to receivables from sales financing – 45,365 – 38,432
Payments received on receivables from sales financing 42,634 34,741
Investment in marketable securities – 455 – 241
Proceeds from marketable securities 381 315
Cash outflow from investing activities [40]– 11,963 – 11,957
Buy-back of treasury shares – 506 –
Payment of dividend for the previous year – 419 – 392
Proceeds from the issue of bonds 5,819 4,339
Repayment of bonds – 3,432 – 3,126
Internal financing of financial operations – –
Change in financial liabilities – 214 1,451
Change in commercial paper – 549 865
Cash inflow/outflow from financing activities [40]699 3,137
Effect of exchange rate and changes in composition of group
on cash and cash equivalents [40]66 –22
Change in cash and cash equivalents – 507 469
Cash and cash equivalents as at 1 January 2,128 1,659
Cash and cash equivalents as at 31 December [40]1,621 2,128
1] unaudited
2] adjusted figures
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