BMW 2014 Annual Report Download - page 140

140
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
Net interest expense on the net defined benefit liability
is presented within the financial result. All other com-
ponents of pension expense are presented in the income
statement under cost of sales, selling and administrative
expenses.
Remeasurements on the obligations side gave rise
to a positive amount of € 3,519 million (2013: negative
amount of € 780 million) and related mainly to the
lower discount rates used in Germany, the UK and
the USA.
Defined benefit Plan assets Total Limitation of Net defined
in € million obligation the net defined benefit liability
benefit asset to
the asset ceiling
1 January 2013 16,255 – 12,447 3,808 4 3,812
Expense / income
Current service cost 362 – 362 – 362
Interest expense (+) / income (–) 565 – 438 127 – 127
Past service cost – 53 – – 53 – – 53
Gains (–) or losses (+) arising from settlements 2 – 2 – 2
Remeasurements
Gains (–) or losses (+) on plan assets, excluding
amounts included in interest income – – 481 – 481 – – 481
Gains (–) or losses (+) arising from changes in
demographic assumptions 4 – 4 – 4
Gains (–) or losses (+) arising from changes in
financial assumptions – 818 – – 818 – – 818
Changes in the limitation of the net defined benefit
asset to the asset ceiling – – – 1 1
Gains (–) or losses (+) arising from
experience adjustments 34 – 34 – 34
Transfers to fund – – 509 – 509 – – 509
Employee contributions 64 – 64 – – –
Pensions and other benefits paid – 460 324 – 136 – – 136
Translation differences and other changes – 197 154 – 43 – 1 – 44
31 December 2013 15,758 – 13,461 2,297 4 2,301
thereof pension provision 2,303
thereof assets – 2