BMW 2013 Annual Report Download - page 142

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142
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
31 December 2013 Maturity Maturity Maturity Total
in € million within between one later than
one year and five years five years
Bonds 7,166 20,329 2,875 30,370
Liabilities to banks 4,326 4,146 118 8,590
Liabilities from customer deposits (banking) 9,342 3,115 – 12,457
Commercial paper 6,292 – – 6,292
Asset backed financing transactions 2,579 7,517 32 10,128
Derivative instruments 426 632 45 1,103
Other 723 307 334 1,364
Financial liabilities 30,854 36,046 3,404 70,304
31 December 2012 Maturity Maturity Maturity Total
in € million within between one later than
one year and five years five years
Bonds 7,427 17,234 5,191 29,852
Liabilities to banks 4,595 4,232 657 9,484
Liabilities from customer deposits (banking) 10,076 2,942 – 13,018
Commercial paper 4,577 – – 4,577
Asset backed financing transactions 2,097 7,212 102 9,411
Derivative instruments 865 903 22 1,790
Other 775 233 367 1,375
Financial liabilities 30,412 32,756 6,339 69,507
38
Financial liabilities
Financial liabilities include all liabilities of the BMW
Group at the relevant balance sheet dates relating to
The BMW Group uses various short-term and long-term
refinancing instruments on money and capital markets
to finance its operations. This diversification enables it
to obtain attractive market conditions.
The main instruments used are corporate bonds, asset-
backed financing transactions, liabilities to banks and
liabilities from customer deposits (banking).
financing activities. Financial liabilities comprise the
following:
Customer deposit liabilities arise in the BMW Group’s
banks in Germany and the USA, both of which offer a
range of investment products.
Bonds comprise:
Issuer Interest Issue volume Weighted Weighted
in relevant currency average maturity average nominal
(ISO-Code) period (in years) interest rate (in %)
BMW Finance N. V., The Hague variable EUR 2,975 million 2.2 0.5
variable GBP 100 million 1.0 0.7
variable HKD 300 million 3.0 1.3
variable JPY 3,500 million 3.0 0.8
variable SEK 1,800 million 2.0 1.4
variable USD 605 million 1.7 0.6
fixed AUD 600 million 3.5 4.9
fixed CHF 300 million 6.0 1.8
fixed EUR 13,494 million 6.4 3.2
fixed GBP 1,050 million 6.0 3.0
fixed HKD 836 million 3.0 2.0
fixed JPY 15,000 million 3.0 0.4
fixed NOK 6,400 million 3.1 3.7
fixed NZD 100 million 3.0 4.8