BMW 2014 Annual Report Download - page 128
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128
90 GROUP FINANCIAL STATEMENTS
90 Income Statements
90 Statement of
Comprehensive Income
92 Balance Sheets
94 Cash Flow Statements
96 Group Statement of Changes in
Equity
98 Notes
98 Accounting Principles and
Policies
116 Notes to the Income Statement
123 Notes to the Statement
of Comprehensive Income
124
Notes to the Balance Sheet
149 Other Disclosures
165 Segment Information
Other investments
Other investments relate to investments in non-con-
solidated subsidiaries, interests in associated com-
panies
not accounted for using the equity method
and joint operations, par ticipations and non-current
marketable securities.
The additions to investments in subsidiaries relate
primarily to a share capital increase at the level of
BMW iVentures B. V., Rijswijk.
Additions to participations mainly reflect the purchase
of available-for-sale marketable securities.
Disposals of investments in subsidiaries result from the
first-time consolidation of six European branches.
Impairment losses on participations – recognised with
income statement effect – related mainly to the
invest-
ment in SGL Carbon SE, Wiesbaden, which was written
down on the basis of objective criteria.
A break-down of the different classes of other invest-
ments disclosed in the balance sheet and changes
during the year are shown in the analysis of changes in
Group tangible, intangible and investment assets in
note 22.
BMW Brilliance DriveNow
in € million 2014 2013 2014 2013
Disclosures relating to the balance sheet
Non-current assets 4,171 2,741 1 1
Cash and cash equivalents 976 593 13 4
Current assets 3,404 2,727 19 10
Equity 2,910 1,868 12 6
Non-current financial liabilities – – – –
Non-current provisions and liabilities 450 237 – –
Current financial liabilities 236 – – –
Current provisions and liabilities 4,215 3,363 8 5
Reconciliation of aggregated financial information
Assets 7,575 5,468 20 11
Equity and liabilities 4,665 3,600 8 5
Net assets 2,910 1,868 12 6
Group’s interest in net assets (50 %) 1,455 934 6 3
Eliminations – 373 – 299 – –
Carrying amount 1,082 635 6 3
If the Group’s share of the at-equity result of BMW
Brilliance Automotive Ltd., Shenyang, were reported
as part of the Automotive segment’s EBIT, the EBIT
margin would increase by 0.9 percentage points (2013:
0.6 percentage points) to 10.5 % (2013: 10.0 %).
27