BMW 2005 Annual Report Download - page 8
Download and view the complete annual report
Please find page 8 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
 |
 |
7
were audited by KPMG Deutsche Treuhand-
Gesell-
schaft Aktiengesellschaft Wirtschaftsprüfungsgesell-
schaft, Munich, and given an unqualified audit opinion.
In the presence of the external auditors, who reported
on the main findings of their audit as well providing
additional information, first the Audit Committee (on
24 February 2006) and then the Supervisory Board
(on 9 March 2006) examined and considered in
detail the above-mentioned statements prepared
by the Board of Management. The long-form audit
reports of the external auditors were made available
to all members of the Supervisory Board.
The Supervisory Board concurred with the results of
the external audit and approved the Company and
Group Financial Statements of Bayerische Motoren
Werke Aktiengesellschaft for the financial year 2005
prepared by the Board of Management. The Com-
pany financial statements are therefore adopted.
The Board of Management’s proposal to use the un-
appropriated profit available for distribution was also
examined by the Supervisory Board. The Super-
visory Board concurs with the proposal submitted by
the Board of Management to pay a dividend of euro
0.64 for each share of common stock entitled to re-
ceive a dividend and to pay a dividend of euro 0.66
for each share of preferred stock entitled to receive a
dividend. In accordance with the conclusion reached
on the Supervisory Board’s examination, no objec-
tions were raised.
The composition of the Supervisory Board, which
did not change during the financial year 2005, is
shown on pages 126 to 128.
The term of office of Volker Doppelfeld, whose
achievements were described and acknowledged
both in the previous year’s report of the Supervisory
Board and on the occasion of the Annual General
Meeting on 12 May 2005, comes to an end at the
close of this year’s Annual General Meeting on
16 May 2006. Having reached the company’s age
limit, Mr. Doppelfeld is not available for re-election.
The Supervisory Board would like to express its
gratitude to Mr. Doppelfeld for his staunch coopera-
tion and for his great service to the BMW Group
over
the years as a member of the Board of Manage-
ment
and as a member and Chairman of the Super-
visory Board.
The Supervisory Board would also like to thank the
Board of Management and all employees for all
their hard-work which has made such a decisive
contribution to another successful year for the
BMW Group.
Munich, March 2006
The Supervisory Board
Joachim Milberg
Chairman of the Supervisory Board