BMW 2012 Annual Report Download - page 144

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144
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
covered by pension provisions amounting to € 61.2 mil-
lion (2011: € 51.6 million), computed in accordance with
IAS 19.
The compensation of the members of the Supervisory
Board for the financial year 2012 amounted to € 4.5 mil-
lion
(2011: € 4.5 million). This comprised fixed
com-
ponents of € 1.6 million (2011: € 1.6 million) and variable
components of € 2.9 million (2011: € 2.9 million).
The compensation systems for members of the Super-
visory Board do not include any stock options, value
appreciation rights comparable to stock options or any
Application of exemptions pursuant to § 264 (3)
and § 264 b HGB
A number of companies and incorporated partnerships
(as defined by § 264 a HGB) which are consolidated sub-
sidiaries of BMW AG and for which the Group Financial
Statements of BMW AG represent exempting consoli-
dated financial statements, apply the exemptions availa-
ble in § 264 (3) and § 264 b HGB with regard to the draw-
ing up of a management report. The exemptions have
been applied by:
– Bavaria Wirtschaftsagentur GmbH, Munich
–
BMW Fahrzeugtechnik GmbH, Eisenach
–
BMW Hams Hall Motoren GmbH, Munich
–
BMW M GmbH Gesellschaft für individuelle Auto-
mobile, Munich
– Rolls-Royce Motor Cars GmbH, Munich
other stock-based compensation components. Apart from
vehicle lease contracts entered into on customary mar-
ket conditions, no advances and loans were granted to
members of the Board of Management and the Super-
visory Board, nor were any contingent liabilities entered
into on their behalf.
Further details about the remuneration of current mem-
bers of the Board of Management and the Supervisory
Board can be found in the Compensation Report, which
is part of the Combined Group and Company Manage-
ment Report.
In addition, the following entities apply the exemption
available in § 264 (3) and § 264 b HGB with regard to
publication:
– Bavaria Wirtschaftsagentur GmbH, Munich
– Alphabet International GmbH, Munich
–
BMW Hams Hall Motoren GmbH, Munich
–
BMW M GmbH Gesellschaft für individuelle Auto-
mobile, Munich
–
BMW INTEC Beteiligungs GmbH, Munich
–
BMW Verwaltungs GmbH, Munich
– Rolls-Royce Motor Cars GmbH, Munich
47