BMW 2010 Annual Report Download - page 62

60
12 GROUP MANAGEMENT REPORT
12 A Review of the Financial Year
14 General Economic Environment
18 Review of Operations
41 BMW Group – Capital Market
Activities
44 Disclosures relevant for takeovers
and explanatory comments
47 Financial Analysis
47 Internal Management System
49 Earnings Performance
51 Financial Position
53 Net Assets Position
55 Subsequent Events Report
55 Value Added Statement
57 Key Performance Figures
58 Comments on BMW AG
62 Internal Control System and
explanatory comments
63 Risk Management
70 Outlook
BMW AG Income Statement
in euro million
2010 2009
Revenues 45,773 37,980
Cost of sales – 37,125 – 32,679
Gross profit 8,648 5,301
Sales costs – 2,783 – 3,105
Administrative costs – 1,345 –1,379
Research and development costs – 2,537 – 2,451
Other operating income and expenses 567 1,243
Result on investments 152 1,084
Financial result – 365 – 88
Profit from ordinary activities 2,337 605
Extraordinary income 314 –
Extraordinary expenses – 39 –
Income taxes –1,088 – 393
Other taxes –18 – 10
Net profit 1,506 202
Transfer to revenue reserves – 654 – 5
Unappropriated profit available for distribution 852 197