BMW 2011 Annual Report Download - page 13

Based on our own examination, we concurred with the results of the external audit and – at the Super visory
Board meeting held on 8 March 2012 – approved the Company and Group Financial Statements of Bayerische
Motoren Werke Aktiengesellschaft for the financial year 2011 prepared by the Board of Management. The
Company Financial Statements are therefore adopted. Both in the Audit Committee and in the full Supervisory
Board we examined the proposal of the Board of Management to use the unappropriated profit to pay a
dividend of € 2.30 per share of common stock and € 2.32 per share of non-voting preferred stock. We consider
the proposal appropriate and therefore concur with it. In accordance with the conclusion reached on the
examination by the Audit Committee and Supervisory Board, no objections were raised.
Expression of thanks by the Supervisory Board In the name of the Supervisory Board I wish to offer a
sincere vote of thanks to the members of the Board of Management and the entire workforce for their work
during the financial year 2011 and to congratulate them on the outstanding result achieved.
We consider that the BMW Group is well prepared for the upcoming challenges that can be expected in
a highly volatile market environment.
Munich, 8 March 2012
On behalf of the Supervisory Board
Joachim Milberg
Chairman of the Supervisory Board
13 REPORT OF THE SUPERVISORY BOARD