BMW 2008 Annual Report Download - page 149

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150
148 Other Information
148 BMW AG Principal Subsidiaries
150
BMW Group Ten-year Comparison
152 BMW Group Locations
154 Glossary
156 Index
158 Index of graphs
159 Financial Calendar
160 Contacts
BMW Group Ten-year Comparison
2008 2007
IASs / IFRSs IASs / IFRSs
Deliveries to customers
Automobiles3 units 1,435,876 1,500,678
Motorcycles4 units 101,685 102,467
Production
Automobiles3 units 1,439,918 1,541,503
Motorcycles5 units 104,220 104,396
Financial Services
Contract portfolio contracts 3,031,935 2,629,949
Business volume (based on balance sheet carrying amounts) euro million 57,587 51,257
Income Statement
Revenues euro million 53,197 56,018
Gross profit margin Group % 16.7 21.8
Profit before financial result euro million 921 4,212
Profit before tax euro million 351 3,873
Return on sales (earnings before tax / revenues) % 0.7 6.9
Income taxes euro million 21 739
Effective tax rate % 6.0 19.1
Net profit / – loss for the year euro million 330 3,134
Balance Sheet
Non-current assets euro million 62,416 56,619
Current assets euro million 38,670 32,378
Equity euro million 20,273 21,744
Equity ratio Group % 20.1 24.4
Non-current provisions and liabilities euro million 41,526 33,469
Current provisions and liabilities euro million 39,287 33,784
Balance sheet total euro million 101,086 88,997
Cash Flow Statement
Cash and cash equivalents at balance sheet date euro million 7,454 2,393
Operating cash flow7 euro million 4,471 6,246
Capital expenditure euro million 4,204 4,267
Capital expenditure ratio (capital expenditure / revenues) % 7.9 7.6
Personnel
Workforce at the end of year8 100,041 107,539
Personnel cost per employee euro 75,612 76,704
Dividend
Dividend total euro million 197 694
Dividend per share of common stock / preferred stock euro 0.30 / 0.32 1.06 / 1.08
adjusted for new accounting treatment of pension obligations
reclassified after harmonisation of internal and external reporting systems
including Rover Cars up to  May  and Land Rover up to  June 
excluding C1, sales volume to : , units, excluding Husqvarna Motorcycles (, motorcycles)
up to  including BMW F 650 assembly by Aprilia S. p. A., from  including BMW G 650 X assembly by Piaggio S. p. A. / excluding C1 production by Bertone, production
volume C1 up to : , units, excluding Husqvarna Motorcycles (, motorcycles)
The net profit before exceptional items amounted to euro  million.
Figures (available since ) are reported in the cash flow statement up to  as cash inflow from operating activities of Industrial Operations and from  as cash inflow from
operating activities of the Automobiles segment.
Figures exclude dormant employment contracts, employees in the non-work phases of pre-retirement part-time arrangements and low wage earners.
adjustment to dividend due to buy-back of treasury shares