BMW 2013 Annual Report Download - page 58

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58
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
Key performance figures
2013 2012*
Group gross margin % 20.1 20.2
Group EBITDA margin % 15.4 15.4
Group EBIT margin % 10.5 10.8
Group pre-tax return on sales % 10.4 10.2
Group post-tax return on sales % 7.0 6.7
Group pre-tax return on equity % 25.9 28.5
Group post-tax return on equity % 17.4 18.7
Group equity ratio % 25.8 23.2
Automotive equity ratio % 43.1 41.0
Financial Services equity ratio % 9.1 8.6
Coverage of intangible assets, property, plant and equipment by equity (Group) % 167.4 165.0
Return on capital employed
Group % 21.4 23.0
Automotive % 63.3 73.7
Motorcycles % 16.4 1.8
Return on equity
Financial Services % 20.2 21.2
Cash inflow from operating activities (Group) € million 3,614 5,076
Cash outflow from investing activities (Group) € million – 6,981 – 5,433
Coverage of cash outflow from investing activities by cash inflow from operating activities (Group) % 51.8 93.4
Free cash flow of Automotive segment € million 2,499 3,809
Net financial assets Automotive segment € million 12,127 13,327
* Prior year figures have been adjusted in accordance with the revised version of IAS 19, see note 7.