BMW 2005 Annual Report Download - page 82
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81
euro 983 million to euro 16,534 million. Pension
provisions increased by euro 1,521 million to euro
4,224 million. Deferred tax assets increased by
euro 219 million to euro 515 million, whilst deferred
tax liabilities decreased by euro 319 million to euro
2,277 million.
If the Group financial statements had been pre-
pared using the previous method, the impact would
have been as follows:
Profit before tax in the income statement
would be euro 44million lower. Net of a deferred tax
expense of euro 16 million, the net profit for 2005
would have been euro 28 million lower.
In the balance sheet at 31 December 2005,
equity would have been euro 1,404 million higher
and pension provisions euro 2,214 million lower.
Deferred tax assets would be euro 254 million lower
and deferred tax liabilities euro 556 million higher.
Earnings per share of common stock for the
financial year 2004 improved by euro 0.03 to euro
3.33 as a result of the changes; earnings per share
of preferred stock improved by the same amount
to euro 3.35. For the financial year 2005, the adjust-
ment to earnings per share would be euro 0.04.
As a result, using the previous accounting policy,
earnings per share of common and preferred stock
would be euro 3.29 and euro 3.31 respectively.
Attention is drawn to the adjustments made to
prior year figures by the use of footnotes.
Revenues by activity comprise the following:
in euro million 2005 2004
[9]Revenues
Group revenues include revenues of euro
8,073 million (2004: euro 6,829 million) relating to
financial services business.
An analysis of revenues by business segment
and geographical region is shown in the segment
information on pages 121 to 124.
BMW Group
Notes to the Group Financial Statements
Notes to the Income Statement
Sales of products and related goods 38,042 37,138
Income from lease instalments 3,322 2,623
Sale of products previously leased to customers 2,759 2,473
Interest income on loan financing 1,632 1,429
Other income 901 672
Revenues 46,656 44,335