BMW 2011 Annual Report Download - page 63

63 COMBINED GROUP AND COMPANY MANAGEMENT REPORT
BMW AG Balance Sheet at 31 December
in € million
2011 2010
Assets
Intangible assets 161 141
Property, plant and equipment 6,679 6,257
Investments 2,823 1,875
Tangible, intangible and investment assets 9,663 8,273
Inventories 3,755 3,259
Trade receivables 729 667
Receivables from subsidiaries 5,827 6,448
Other receivables and other assets 1,479 1,122
Marketable securities 3,028 2,556
Cash and cash equivalents 2,864 1,574
Current assets 17,682 15,626
Prepayments 120 106
Surplus of pension and similar plan assets over liabilities 43 341
Total assets 27,508 24,346
Equity and liabilities
Subscribed capital 655 655
Capital reserves 2,035 2,019
Revenue reserves 4,024 3,562
Unappropriated profit available for distribution 1,508 852
Equity 8,222 7,088
Registered profit-sharing certificates 32 33
Pension provisions 84 24
Other provisions 7,651 6,613
Provisions 7,735 6,637
Liabilities to banks 911 512
Trade payables 2,940 2,384
Liabilities to subsidiaries 6,923 7,366
Other liabilities 741 322
Liabilities 11,515 10,584
Deferred income 4 4
Total equity and liabilities 27,508 24,346
guaranteed obligations. The resulting surplus of assets
over liabilities is reported in the BMW AG balance sheet
on the line “Surplus of pension and similar plan assets
over liabilities”.
Pension provisions, net of designated plan assets, in-
creased
from € 24 million to € 84 million.
External liabilities to banks and from commercial paper
programmes increased during the financial year. In
the opposite direction, liabilities to subsidiaries in con-
junction with intra-group financing arrangements de-
creased.