BMW 2012 Annual Report Download - page 114
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114
78 GROUP FINANCIAL STATEMENTS
78 Income Statements
78 Statement of
Comprehensive Income
80 Balance Sheets
82 Cash Flow Statements
84 Group Statement of Changes
in Equity
86 Notes
86 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 31. 12. 2012 31. 12. 2011
Stocks 52 1
Fixed income securities 2,566 2,329
Other debt securities 37 –
Marketable securities and investment funds 2,655 2,330
in € million 31. 12. 2012 31. 12. 2011
Fixed income securities
due within three months 161 241
due later than three months 2,405 2,088
Other debt securities
due within three months 37 –
due later than three months – –
Debt securities 2,603 2,329
The contracted maturities of debt securities are as follows:
in € million 31. 12. 2012 31. 12. 2011
Gross carrying amount 247 267
Allowance for impairment – 13 – 18
Net carrying amount 234 249
2012 Allowance for impairment recognised on a Total
in € million specific item basis group basis
Balance at 1 January 18 – 18
Allocated / reversed 8 – 8
Utilised – 13 – – 13
Exchange rate impact and other changes – – –
Balance at 31 December 13 – 13
2011 Allowance for impairment recognised on a Total
in € million specific item basis group basis
Balance at 1 January 15 – 15
Allocated / reversed 20 – 20
Utilised – 18 – – 18
Exchange rate impact and other changes 1 – 1
Balance at 31 December 18 – 18
Allowance for impairment and credit risk
Receivables relating to credit card business comprise the following:
Allowances for impairment losses on receivables relating to credit card business developed as follows during the
year under report:
The amount by which the value of the investment funds
exceeds obligations for pre-retirement part-time work
arrangements (€ 57 million; 2011: € 30
million) is reported
under Other financial assets. Investment
funds are held
to secure these obligations
. These funds are managed by
BMW Trust e.V., Munich, as part of
Contractual Trust
Arrangements (CTA) and are therefore netted against
the corresponding settlement arrears for pre-retirement
part-time work arrangements.
Marketable securities and investment funds relate to
available-for-sale financial assets and comprise: