BMW 2014 Annual Report Download - page 168

168
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
in € million 2014 2013*
Reconciliation of segment result
Total for reportable segments 9,233 8,511
Financial result of Automotive segment and Motorcycles segment – 363 – 91
Elimination of inter-segment items – 163 – 527
Group profit before tax 8,707 7,893
Reconciliation of capital expenditure on non-current assets
Total for reportable segments 25,297 24,228
Elimination of inter-segment items – 4,621 – 4,325
Total Group capital expenditure on non-current assets 20,676 19,903
Reconciliation of depreciation and amortisation on non-current assets
Total for reportable segments 11,683 10,743
Elimination of inter-segment items – 4,112 – 3,787
Total Group depreciation and amortisation on non-current assets 7,571 6,956
in € million 31. 12. 2014 31. 12. 2013*
Reconciliation of segment assets
Total for reportable segments 82,937 74,494
Non-operating assets – Other Entities segment 6,658 5,989
Operating liabilities – Financial Services segment 96,959 83,942
Interest-bearing assets – Automotive and Motorcycles segments 39,449 37,357
Liabilities of Automotive and Motorcycles segments not subject to interest 28,488 25,473
Elimination of inter-segment items – 99,688 – 88,878
Total Group assets 154,803 138,377
* Prior year figures have been adjusted in accordance with IAS 8, see note 9.
Write-downs on inventories to their net realisable value
amounting to € 29 million (2013: € 28 million) were recog-
nised by the Automotive segment in the financial year
2014. Reversals of write-downs during the same period
amounted to € 3 million (2013: € 4 million).
Impairment losses on other investments amounting to
€ 153 million (2013: € 84 million) relating to the Automo-
tive segment were recognised as part of the financial
result and are therefore not included in segment result.
Interest and similar income of the Financial Services
segment is a component of segment result and totalled
€ 4 million (2013: € 5 million). Interest and similar ex-
penses of the Financial Services segment amounted to
€ 29 million (2013*: € 27 million).
Financial Services segment result was negatively im-
pacted by impairment losses totalling € 268 million
recognised on leased products. Reversals of impair-
ment losses amounted to € 169 million.
The Other Entities segment result includes interest
and similar income amounting to € 1,295 million (2013:
€ 1,340 million) and interest and similar expenses
amounting to € 1,197 million (2013: € 1,279 million). The
segment result was not impacted by any impairment
losses in the financial year 2014 (2013: € 7 million).
The information disclosed for capital expenditure and
depreciation and amortisation relates to non-current
property, plant and equipment, intangible assets and
leased products.
Segment figures can be reconciled to the corresponding
Group figures as follows: