BMW 2007 Annual Report Download - page 156

Download and view the complete annual report

Please find page 156 of the 2007 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 247

  • 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
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247

154
148 Other Information
148 BMW AG Principal Subsidiaries
150 BMW Group 10-year Comparison
152 BMW Group Locations
154 Glossary
158 Index
160 Contacts
161 Financial Calendar
[ACEA]
Abbreviation for Association des Constructeurs
Européens d’Automobiles (European Automobile
Manufacturers Association).
[Common stock]
Stock with voting rights (cf. preferred stock).
[Cost of materials]
Comprises all expenditure to purchase raw materials
and supplies.
[DAX]
Abbreviation for Deutscher Aktien Index, the Ger-
man
Stock Index. The index is based on the weighted
market prices of the 30 largest German stock cor-
porations (by stock market capitalisation).
[Deferred taxes]
Accounting for deferred taxes is a method of
allocating tax expense/benefit to the appropriate
accounting period.
[Derivatives]
Financial products, whose measurement is derived
principally from market price, market price fluctua-
tions and expected market price changes of the
underlying instrument (e.g. indices, stocks or bonds).
[DJSI]
Abbreviation for Dow Jones Sustainability Index
World. A family of indexes created by Dow Jones
and the Swiss investment agency SAM Sustain-
ability Group for companies with strategies based
on a sustainability concept. The BMW Group has
been one of the leading companies in the DJSI
since 1999.
[EBIT]
Abbreviation for Earnings Before Interest and Taxes.
The profit before income taxes, minority interest and
financial result.
[EBITDA]
Abbreviation for Earnings Before Interest, Taxes,
Depreciation and Amortisation. The profit before in-
come taxes, minority interest, financial result and
depreciation/amortisation.
[Effectiveness]
The degree to which offsetting changes in fair value
or cash flows attributable to a hedged risk are
achieved by the hedging instrument.
[EfficientDynamics]
The aim of EfficientDynamics is to reduce con-
sumption and emissions whilst simultaneously
increasing dynamics and performance. This involves
a holistic approach to achieving optimum automo-
bile potential, ranging from efficient engine tech-
nologies, lightweight construction and comprehen-
sive energy and heat management inside the
vehicle.
[Equity ratio]
The proportion of equity (= subscribed capital,
reserves, accumulated other equity and minority
interest) to the balance sheet total.
[ERA]
Remuneration Framework Agreement.
Glossary
Other Information