BMW 2012 Annual Report Download - page 124

124
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
1.1. 2012*
Translation Additions Reversal of Utilised Reversed 31. 12. 2012
differences
discounting
Obligations for personnel and social expenses 1,632 – 3 1,346 1 – 1,226 – 31 1,719
Obligations for ongoing operational expenses 2,953 – 26 1,119 39 – 848 – 60 3,177
Other obligations 1,677 – 16 626 18 – 254 – 152 1,899
Other provisions 6,262 – 45 3,091 58 – 2,328 – 243 6,795
* including entities consolidated for the first time during the financial year
in € million 31. 12. 2012 31. 12 . 20 11
Total thereof Total thereof
due within due within
one year one year
Obligations for personnel and social expenses 1,719 1,234 1,632 1,190
Obligations for ongoing operational expenses 3,177 924 2,953 1,023
Other obligations 1,899 1,124 1,668 891
Other provisions 6,795 3,282 6,253 3,104
35
Other provisions
Other provisions comprise the following items:
Provisions for obligations for personnel and social ex-
penses comprise mainly performance-related remunera-
tion components, early retirement part-time working
arrangements and employee long-service awards. Obli-
gations for performance-related remuneration compo-
nents are normally settled in the following financial year.
Provisions for obligations for on-going operational
ex-
penses comprise primarily warranty obligations and com-
prise
both statutorily prescribed manufacturer warran-
ties
and other guaranties offered by the BMW Group.
Depending on when claims are made, it is possible that
the BMW Group may be called upon to fulfil obligations
over the whole period of the warranty or guarantee.
Provisions for other obligations cover numerous specific
risks and obligations of uncertain timing and amount,
in particular for litigation and liability risks.
Other provisions changed during the year as follows:
Income from the reversal of other provisions amounting to € 129 million (2011: € 308 million) is included in costs by
function in the income statement.
The present value of the defined benefit obligations and
the fair values of fund assets – as well as the actuarial
Actuarial gains on benefit obligations, mostly attribut-
able to experience adjustments, amounted to € 279 mil-
lion (2011: actuarial gains of € 60 million). Experience
adjustments made for those two items – have developed
as follows over the last five years:
adjustments relating to fund assets also resulted in actu-
arial gains of € 669 million in the financial year under re-
port (2011: actuarial losses of € 23 million).
in € million 2012 2011 2010 2009 2008
Defined benefit obligation 16,402 13,212 12,008 10,931 8,788
Fair value of plan assets 12,448 11,039 10,455 7,977 5,491
Net obligation 3,954 2,173 1,553 2,954 3,297
Actuarial gains (–) and losses (+) on defined benefit obligations 2,521 493 459 1,464 – 919
Actuarial gains (–) and losses (+) on plan assets – 669 37 – 227 – 289 868