BMW 2007 Annual Report Download - page 114

112 Group Financial Statements
73 Group Financial Statements
73 Income Statements
74 Balance Sheets
76 Cash Flow Statements
78 Group Statement of Changes
in Equity
79 Statement of Income and
Expenses recognised directly
in Equity
80 Notes
80 – Accounting Principles
and Policies
89 – Notes to the Income
Statement
96 – Notes to the Balance Sheet
117 – Other Disclosures
131 – Segment Information
Provisions for obligations for personnel and social
expenses comprise mainly profit-share schemes
and bonuses, early retirement part-time working
arrangements and employee long-service awards.
Provisions for obligations for ongoing operational
expenses comprise primarily warranty obligations.
Provisions for other obligations cover numerous
specific risks and obligations of uncertain amount.
Income tax liabilities
Of the amount shown as reversed, euro 143 million are included in costs by function in the income statement.
They comprise mainly obligations and risks in re-
spect of the disengagement from the former Rover
Group, risks from legal disputes and the obligation
for recovery and recycling of end-of-life vehicles.
Other provisions changed during the year as
follows:
Other provisions
Other provisions comprise the following items:
in euro million 31.12.2007 31.12. 2006
Total thereof Total thereof
due within due within
one year one year
Obligations for personnel and social expenses 1,559 1,062 1,493 979
Obligations for ongoing operational expenses 2,818 1,129 3,000 1,135
Other obligations 1,125 635 1,043 557
5,502 2,826 5,536 2,671
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in euro million At Translation Additions Reversal of Utilised Reversed At
1. 1. 2007* differences discounting 31.12.2007
Obligations for personnel and
social expenses 1,497 – 8 890 8 – 794 – 34 1,559
Obligations for ongoing
operational expenses 3,011 – 36 1,218 61 – 1,362 – 74 2,818
Other obligations 1,062 – 8 369 17 – 190 – 125 1,125
5,570 – 52 2,477 86 – 2,346 – 233 5,502
*including entities consolidated for the first time during the financial year
[33]
31 December 2007 Maturity Maturity Total
in euro million within later than
one year one year
Deferred tax – 2,714 2,714
Current tax 378 430 808
378 3,144 3,522