BMW 2012 Annual Report Download - page 101

101 GROUP FINANCIAL STATEMENTS
in € million 2 012 2011
Exchange gains 385 535
Income from the reversal of provisions 114 71
Income from the reversal of impairment losses and write-downs 4 14
Gains on the disposal of assets 41 14
Sundry operating income 285 148
Other operating income 829 782
Exchange losses – 386 – 537
Expense for additions to provisions – 309 – 391
Expenses for impairment losses and write-downs – 22 – 36
Losses on the disposal of fixed assets – 38 – 17
Sundry operating expenses – 261 – 151
Other operating expenses – 1,016 –1,132
Other operating income and expenses – 187 – 350
Other operating income and expenses
Other operating income includes public-sector grants of € 19 million (2011: € 13 million).
Net interest result
Result from equity accounted investments
The profit from equity accounted investments
amounted to € 271 million (2011: € 162 million) and in-
cludes the results from the BMW Group’s interests in
the joint ventures BMW Brilliance Automotive Ltd.,
Shenyang, SGL Automotive Carbon Fibers GmbH &
Co. KG, Munich, SGL Automotive Carbon Fibers Ver-
waltungs GmbH, Munich, SGL Automotive Carbon
The expected return on plan assets includes the
expected income on assets used to secure obligations
Fibers LLC, Dover, DE, DriveNow GmbH & Co. KG,
Munich, and DriveNow Verwaltungs GmbH, Munich.
Similarly, the BMW Group’s share of the joint venture
BMW Peugeot Citroën Electrification B. V., The Hague,
are also included in the result from equity accounted
investments up to the date of termination of the joint
venture arrangements.
relating to pension plans and pre-retirement part-time
work arrangements.
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in € million 2 012 2011
Expected return on plan assets relating to pension plans and pre-retirement part-time work arrangements 539 531
Other interest and similar income 214 232
thereof from subsidiaries: € 19 million (2011: € 13 million)
Interest and similar income 753 763
Expense from reversing the discounting of pension obligations – 628 – 594
Expense from reversing the discounting of other long-term provisions – 74 – 110
Write-downs on marketable securities – – 4
Other interest and similar expenses – 211 – 235
thereof to subsidiaries: € – 7 million (2011: € – 5 million)
Interest and similar expenses – 913 – 943
Net interest result – 160 – 180
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