BMW 2011 Annual Report Download - page 124

124
76 GROUP FINANCIAL STATEMENTS
76 Income Statements
76 Statement of
Comprehensive Income
78 Balance Sheets
80 Cash Flow Statements
82 Group Statement of Changes
in Equity
84 Notes
84 Accounting Principles
and Policies
100 Notes to the Income
Statement
107 Notes to the Statement
of Comprehensive Income
108
Notes to the Balance Sheet
129 Other Disclosures
145 Segment Information
in € million 1. 1. 2011* Translation Additions Reversal of Utilised Reversed 31. 12. 2011
differences
discounting
Obligations for personnel and social expenses 1,397 1 1,218 1 – 938 – 47 1,632
Obligations for ongoing operational expenses 2,960 43 1,180 72 – 1,103 – 199 2,953
Other obligations 1,206 – 21 817 37 – 238 – 133 1,668
Other provisions 5,563 23 3,215 110 – 2,279 – 379 6,253
* including entities consolidated for the first time during the financial year
in € million 31. 12. 2011 31. 12. 2010
To t a l thereof To t a l thereof
due within due within
one year one year
Obligations for personnel and social expenses 1,632 1,190 1,392 941
Obligations for ongoing operational expenses 2,953 1,023 2,960 1,233
Other obligations 1,668 891 1,195 652
Other provisions 6,253 3,104 5,547 2,826
36
Other provisions
Other provisions comprise the following items:
Provisions for obligations for personnel and social ex-
penses comprise mainly performance-related remu-
neration components, early retirement part-time work-
ing arrangements and employee long-service awards.
Obligations for performance-related remuneration com-
ponents are normally settled in the following financial
year. Provisions for obligations for on-going operational
expenses comprise primarily warranty obligations and
comprise both statutorily prescribed manufacturer war-
ranties and other guaranties offered by the BMW Group.
Depending on when claims are made, it is possible that
the BMW Group may be called upon to fulfil obliga-
tions over
the whole period of the warranty or guarantee.
Provisions
for other obligations cover numerous specific
risks and obligations of uncertain timing and amount,
in particular for litigation and liability risks.
Other provisions changed during the year as follows:
Income from the reversal of other provisions amounting to € 308 million (2010: € 168 million) is included in costs by
function in the income statement.
The present value of the defined benefit obligations and
the fair values of fund assets – as well as the actuarial
Actuarial gains on benefit obligations, mostly attributa-
ble to experience adjustments, amounted to € 60 million
(2010: actuarial gains of € 76 million). Experience adjust-
adjustments made for those two items – have developed
as follows over the last five years:
ments relating to fund assets also resulted in actuarial
losses of € 23 million in the financial year under report
(2010: actuarial gains € 221 million).
in € million 2011 2010 2009 2008 2007
Defined benefit obligation 13,212 12,008 10,931 8,788 10,631
Fair value of plan assets 11,039 10,455 7,977 5,491 6,029
Net obligation 2,173 1,553 2,954 3,297 4,602
Actuarial gains (–) and losses (+) on defined benefit obligations 493 459 1,464 – 919 – 557
Actuarial gains (–) and losses (+) on plan assets 37 – 227 – 289 868 44