BMW 2008 Annual Report Download - page 102

103 Group Financial Statements
in euro million 31.12. 2008 31.12. 2007
 –  days overdue 301 327
 –  days overdue 81 63
 –  days overdue 3 24
 –  days overdue 6 14
More than  days overdue 43 46
434 474
Some trade receivables were overdue for which an impairment loss was not recognised. Overdue balances are analysed
into the following time windows:
Receivables that are overdue by between  and  days
do not normally result in bad debt losses since the overdue
nature of the receivables is primarily attributable to the
timing of receipts around the month-end. In the case of
trade receivables, collateral is generally held in the form of
vehicles documents and bank guarantees so that the risk
of bad debt loss is extremely low.
Cash and cash equivalents
Cash and cash equivalents of euro , million (: euro
, million) comprise cash on hand and at bank, all with
a maturity of under three months.
Equity
Equity of the BMW Group developed during the year under report as follows:
in euro million Subscribed Capital Revenue Accumulated other equity Treasury Minority Total
capital reserves reserves shares interest
Trans- Securities Derivative Pension
lation dif- financial obliga-
ferences instru- tions
ments
 December  654 1,911 18,121 – 837 214 178 –1,115 – 4 19,130
Dividends paid – – – 458 – – – – – – – 458
Translation differences – – – – 422 – 7 31 – –1 – 385
Financial instruments – – – – –183 366 – – – 183
Actuarial gains and losses
on pension obligations – – – – – – 528 – – 528
Deferred tax on transactions
recognised directly in equity – – – – 4 –113 – 279 – – – 388
Net profit  – – 3,126 – – – – – 8 3,134
 December  654 1,911 20,789 –1,259 3 5 438 – 835 – 1 1 21,744
Repurchase of treasury shares – – – – – – – –10 – –10
Dividends paid – – – 694 – – – – – – – 694
Translation differences – – – – 806 – –16 111 – –1 – 712
Financial instruments – – – – – 7 – 601 – – – – 608
Actuarial gains and losses
on pension obligations – – – – – – 5 – – 5
Deferred tax on transactions
recognised directly in equity – – – – –11 224 13 – – 226
Net profit  – – 324 – – – – – 6 330
Other changes – – – – – – – – – 8 – 8
 December  654 1,911 20,419 – 2,065 1 7 4 5 – 706 –10 8 20,273
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