BMW 2011 Annual Report Download - page 178

178
178 OTHER INFORMATION
178 BMW Group Ten-year Comparison
180 BMW Group Locations
182 Glossary
184 Index
186 Index of Graphs
187 Financial Calendar
188 Contacts
2011 2010 2009 2008
Deliveries to customers
Automobiles units 1,668,982 1,461,166 1,286,310 1,435,876
Motorcycles3 units 113,572 110,113 100,358 115,196
Production
Automobiles units 1,738,160 1,481,253 1,258,417 1,439,918
Motorcycles4 units 118,865 112,271 93,243 118,452
Financial Services
Contract portfolio contracts 3,592,093 3,190,353 3,085,946 3,031,935
Business volume (based on balance sheet carrying amounts)5 € million 75,245 66,233 61,202 60,653
Income Statement
Revenues € million 68,821 60,477 50,681 53,197
Gross profit margin Group6 % 21.1 18.17 10.5 11.4
Profit before financial result € million 8,018 5,1117 289 921
Profit before tax € million 7,383 4,8537 413 351
Return on sales (earnings before tax / revenues) % 10.7 8.0 0.8 0.7
Income taxes € million 2,476 1,6107 203 21
Effective tax rate % 33.5 33.1 49.2 6.0
Net profit for the year € million 4,907 3,2437 210 330
Balance Sheet
Non-current assets € million 74,425 67,0137 62,009 62,416
Current assets € million 49,004 43,151 39,944 38,670
Equity € million 27,103 23,9307 19,915 20,273
Equity ratio Group % 22.0 21.77 19.5 20.1
Non-current provisions and liabilities € million 49,113 46,1007 45,119 41,526
Current provisions and liabilities € million 47,213 40,134 36,919 39,287
Balance sheet total € million 123,429 110,1647 101,953 101,086
Cash Flow Statement
Cash and cash equivalents at balance sheet date € million 7,776 7,432 7,767 7,454
Operating cash flow8 € million 7,077 8,1497 4,921 4,471
Capital expenditure € million 3,692 3,263 3,471 4,204
Capital expenditure ratio (capital expenditure / revenues) % 5.4 5.4 6.8 7.9
Personnel
Workforce at the end of year9 100,306 95,453 96,230 100,041
Personnel cost per employee € 84,887 83,141 72,349 75,612
Dividend
Dividend total € million 1,508 852 197 197
Dividend per share of common stock / preferred stock € 2.30 / 2.32 1.30 /1.32 0.30 / 0.32 0.30 / 0.32
1
Adjusted for new accounting treatment of pension obligations
2
Reclassified after harmonisation of internal and external reporting systems
3
Excluding C1, sales volume to 2003: 32,859 units, including Husqvarna Motorcycles
4
Excluding C1 production by Bertone, production volume C1 up to 2002: 33,489 units, including Husqvarna Motorcycles
5
Amount computed on the basis of balance sheet figures: until 2007 from the Group balance sheet, from 2008 onwards from the Financial Services segment balance sheet
6
Research and development costs included in cost of sales with the effect from 2008
7
Adjusted for effect of change in accounting policy for leased products as described in note 8
8
Figures are reported in the cash flow statement up to 2006 as cash inflow from operating activities of Industrial Operations and from 2007 as cash inflow from
operating activities of the Automotive segment.
9
Figures exclude dormant employment contracts, employees in the non-work phases of pre-retirement part-time arrangements and low wage earners.
10 Adjustment to dividend due to buy-back of treasury shares
OTHER INFORMATION
BMW Group Ten-year Comparison