BMW 2013 Annual Report Download - page 54

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54
18 COMBINED MANAGEMENT REPORT
18
General Information on the BMW Group
18 Business Model
20 Management System
23 Research and Development
24 Report on Economic Position
24 Overall Assessment by Management
24 General and Sector-specific
Environment
27
Financial and Non-financial
Performance Indicators
29 Review of Operations
47 Results of Operations, Financial
Position and Net Assets
62 Events after the End of the
Reporting Period
63 Report on Outlook, Risks and
Opportunities
63 Outlook
68 Risks Report
77 Report on Opportunities
81 Internal Control System and Risk
Management System Relevant for
the
Consolidated Financial Reporting Process
82 Disclosures Relevant for Takeovers
and Explanatory Comments
85
BMW Stock and Capital Markets
Total capital expenditure on intangible assets and prop-
erty, plant and equipment as a percentage of revenues
increased to 8.8 % (2012: 6.8 %). Capital commitments
for intangible assets totalled € 446 million at the end of
the reporting period.
The growth in business reported by the Financial Services
segment is reflected in increases in leased products
(€ 1,446 million) as well as in current and non-current
receivables from sales financing (€ 896 million and
€ 307
million respectively). At the end of the reporting
Balance sheet structure – Group
Total equity and liabilities in € billion
2013 2012 2012 2013
138 132 132 138
Non-current assets 62 %
6 %
38 %
62 %
37 %
40 %
23 %
38 %
Current assets
6 %
thereof cash and cash equivalents
38 % Non-current provisions and liabilities
36 % Current provisions and liabilities
26 % Equity
Balance sheet structure – Automotive segment
Total equity and liabilities in € billion
2013 2012 2012 2013
72 69 69 72
Non-current assets 45 %
11 %
56 %
44 %
43 %
16 %
41 %
55 %
Current assets
9 %
thereof cash and cash equivalents
14 % Non-current provisions and liabilities
43 % Current provisions and liabilities
43 % Equity