BMW 2013 Annual Report Download - page 110

110
88 GROUP FINANCIAL STATEMENTS
88 Income Statements
88 Statement of
Comprehensive Income
90 Balance Sheets
92 Cash Flow Statements
94 Group Statement of Changes in
Equity
96 Notes
96 Accounting Principles and
Policies
114 Notes to the Income Statement
121 Notes to the Statement
of Comprehensive Income
122
Notes to the Balance Sheet
145 Other Disclosures
161 Segment Information
8
New financial reporting rules
(a) Financial reporting rules applied for the first time in the financial year 2013
The following Standards, Revised Standards, Amendments and Interpretations were applied for the first time in the
financial year 2013:
The amounts shown as adjustments for the current pe-
riod also include the impact of the first-time application
of IFRS 13. Based on the measurement rules contained
in IFRS 13, plan assets are € 136 million higher than they
would have been in accordance with IAS 19 (2008). The
adjustment relates to pension provisions (negative ad-
justment of € 136 million), remeasurements of the net
defined benefit liability for pension plans (positive
adjustment
of € 136 million) and related deferred taxes
(negative adjustment of € 27 million).
1 January to 31 December 2013 IAS 19 Adjustment IAS 19
in € million (2011) (2008)
Net profit 5,340 – 11 5,329
Remeasurement of the net defined benefit liability for pension plans 1,308 – 160 1,148
Deferred taxes – 372 36 – 336
Items not expected to be reclassified to the income statement in the future 936 – 124 812
Other comprehensive income for the period after tax 1,252 – 124 1,128
Total comprehensive income 6,592 – 135 6,457
Total comprehensive income attributable to shareholders of BMW AG 6,566 – 135 6,431
* Presentation adjusted in accordance with revised IAS 1.
Impact on the Group Statement of Comprehensive Income if IAS 19 (2008) were still applied*
Standard / Interpretation Date of Date of Date of Expected impact
issue by IASB mandatory mandatory on BMW Group
application application
IASB EU
IFRS 1 Amendments with Respect to Fixed
Transition Dates and Severe Inflation
20. 12. 2010 1. 7. 2011 1. 1. 2013 None
IFRS 1 Amendments relating to Government
Loans at a Below Market Rate of Interest
13. 3. 2012 1. 1. 2013 1. 1. 2013 Insignificant
IFRS 7 Notes Disclosures: Offsetting
of Financial Assets and Financial Liabilities
16. 12. 2011 1. 1. 2013 1. 1. 2013 Insignificant
IFRS 13 Fair Value Measurement 12. 5. 2011 1. 1. 2013 1. 1. 2013 Significant in principle
IAS 1 Changes to Presentation of Items in
Other Comprehensive Income (OCI)
16. 6. 2011 1. 7. 2012 1. 7. 2012* Significant in principle
IAS 12 Amendments to Deferred Taxes:
Realisation of Underlying Assets
20. 12. 2010 1. 1. 2012 1. 1. 2013 Insignificant
IAS 19 Changes in Accounting for
Employee Benefits, in particular for Termination
Benefits and Pensions
16. 6. 2011 1. 1. 2013 1. 1. 2013 Significant in principle
IAS 36 Impairment of Assets – Recoverable
Amount Disclosures for Non-Financial
Assets (Amendments to IAS 36)
29. 5. 2013 1. 1. 2014 1. 1. 2014 Insignificant
IFRIC 20 Stripping Costs in the Production Phase of
a Mine
19. 10. 2011 1. 1. 2013 1. 1. 2013 None
Annual Improvements to IFRS 2009 – 2011 17. 5. 2012 1. 1. 2013 1. 1. 2013 Insignificant
* Mandatory application in annual periods beginning on or after 1 July 2012.