BMW 2013 Annual Report Download - page 128
Download and view the complete annual report
Please find page 128 of the 2013 BMW annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138 -
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
 |
 |
128
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
in € million 31. 12. 2013 31. 12. 2012
Stocks 87 52
Fixed income securities 2,551 2,566
Other debt securities 422 37
Marketable securities and investment funds 3,060 2,655
in € million 31. 12. 2013 31. 12. 2012
Fixed income securities
due within three months 73 161
due later than three months 2,478 2,405
Other debt securities
due within three months 422 37
due later than three months – –
Debt securities 2,973 2,603
The contracted maturities of debt securities are as follows:
in € million 31. 12. 2013 31. 12. 2012
Gross carrying amount 231 247
Allowance for impairment – 9 – 13
Net carrying amount 222 234
2013 Allowance for impairment recognised on a Total
in € million specific item basis group basis
Balance at 1 January 13 – 13
Allocated / reversed 6 – 6
Utilised – 10 – – 10
Exchange rate impact and other changes – – –
Balance at 31 December 9 – 9
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
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 part-time working arrange-
ments
(€ 44 million; 2012: € 57 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 a Contractual Trust
Arrangement (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: