BMW 2013 Annual Report Download - page 141

141 GROUP FINANCIAL STATEMENTS
in € million 1. 1. 2013 * Translation Additions Reversal of Utilised Reversed 31. 12. 2013
differences
discounting
Obligations for personnel and social expenses 1,616 – 12 1,310 – – 1,194 – 23 1,697
Obligations for ongoing operational expenses 3,181 – 117 1,486 13 – 1,010 – 85 3,468
Other obligations 1,879 – 48 854 – 8 – 450 – 209 2,018
Other provisions 6,676 – 177 3,650 5 – 2,654 – 317 7,183
* Prior year figures adjusted in accordance with the revised IAS 19, see note 7, and include mergers.
in € million 31. 12. 2013 31. 12. 2012*
Total thereof Total thereof
due within due within
one year one year
Obligations for personnel and social expenses 1,697 1,299 1,611 1,198
Obligations for ongoing operational expenses 3,468 1,076 3,177 924
Other obligations 2,018 1,036 1,899 1,124
Other provisions 7,183 3,411 6,687 3,246
* Prior year figures have been adjusted in accordance with the revised version of IAS 19, see note 7.
36
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
expenses relate primarily to warranty obligations and
comprise both statutorily prescribed manufacturer war-
ranties and other guaranties offered by the BMW
Group. Depending on when claims are made, it is possi-
ble that the BMW Group may be called upon to fulfil ob-
ligations over the whole period of the warranty or guar-
antee. 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 € 134 million (2012: € 129 million) is included in costs by
function in the income statement.
37
Income tax liabilities
Current income tax liabilities totalling € 1,237 million
(2012: € 1,482 million) include obligations amounting
to € 823 million (2012: € 806 million) which are expected
to be settled after more than twelve months. Some of
the liabilities may be settled earlier than this depending
on the timing of proceedings.
Current tax liabilities of € 1,237 million (2012: € 1,482
million) comprise € 197 million (2012: € 438 million)
for taxes payable and € 1,040 million (2012: € 1,044 mil-
lion) for tax provisions. Tax provisions totalling € 44
million were reversed in the year under report (2012:
€ 23 million).