BMW 2008 Annual Report Download - page 129

130
72 Group Financial Statements
72 Income Statements
74 Balance Sheets
76 Cash Flow Statements
78 Statement of Income and
Expenses recognised
in Equity
79 Notes
79 Accounting Principles
and Policies
88 Notes to the Income
Statement
94
Notes to the Balance Sheet
1 1 5 Other Disclosures
129 Segment Information
Segment information by operating segment
Automobiles Motorcycles
in euro million 2008 2007 2008 2007
External revenues 37,877 42,435 1,222 1,223
Inter-segment revenues 10,905 11,383 8 5
Total revenues 48,782 53,818 1,230 1,228
Segment result 690 3,450 60 80
Segment assets 14,367 15,108 423 440
Capital expenditure on non-current assets 4,467 4,462 55 45
Depreciation and amortisation on non-current assets 3,567 3,566 7 0
* 86 *
* including impairment losses of euro  million (: euro  million)
Segment information by operating segment is as follows:
Interest and similar income of the Financial Services seg-
ment totalling euro  million (: euro  million) are in-
cluded in segment result. Interest and similar expenses of
the Financial Services segment amounted to euro  mil-
lion (: euro  million). The Other Entities segment
result includes interest and similar income amounting to
euro , million (: euro , million) and interest and
similar expenses amounting to euro , million (:
euro , million).
The profit of the “Other Entities” segment was influenced
above all by the partial sale of the Cirquent Group and the
reversal of a provision no longer required. Also included in
the Other Entities segment profit is the result from equity
accounted investments amounting to euro  million in .
In the previous year, the Other Entities segment did not
record any profit / loss from equity accounted investments.
Segment assets of the Other Entities segment at
 De-
cember  included investments accounted for using
the equity method amounting to euro  million
: –.
The information disclosed for capital expenditure and
depreciation and amortisation relates to property, plant and
equipment,
intangible assets and leased products.
Segment figures can be reconciled to the corresponding
Group figures as follows:
in euro million 2008 2007
Reconciliation of segment result
Total for reportable segments 753 4,441
Financial result of Automobiles segment and Motorcycles segment – 381 – 227
Elimination of inter-segment items – 21 – 341
Group profit before tax 351 3,873
Reconciliation of segment assets
Total for reportable segments 57,090 53,106
Non-operating assets – Other Entities segment 5,616 5,482
Operating liabilities – Financial Services segment 66,040 55,517
Interest-bearing assets – Automobiles segment 24,849 23,899
Liabilities of Automobiles and Motorcycles segments subject to interest 14,174 13,637
Elimination of inter-segment items – 66,683 – 62,644
Total Group assets 101,086 88,997
Reconciliation of capital on non-current assets
Total for reportable segments 19,368 17,528
Elimination of inter-segment items – 2,788 – 2,223
Total Group capital expenditure on non-current assets 16,580 15,305
Reconciliation of depreciation and amortisation on non-current assets
Total for reportable segments 9,989 7,787
Elimination of inter-segment items – 2,344 –1,629
Total Group depreciation and amortisation on non-current assets 7,645 6,158