BMW 2014 Annual Report Download - page 2
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3 BMW GROUP IN FIGURES
6 REPORT OF THE SUPERVISORY BOARD
14 STATEMENT OF THE CHAIRMAN OF THE
BOARD OF MANAGEMENT
18 COMBINED MANAGEMENT REPORT
18 General Information on the BMW Group
18 Business Model
20 Management System
23 Report on Economic Position
23
General and Sector-specific Environment
26 Overall Assessment by Management
26 Financial and Non-financial Performance Indicators
29 Review of Operations
49 Results of Operations, Financial Position and
Net Assets
61 Comments on Financial Statements of BMW AG
64 Events after the End of the Reporting Period
65 Report on Outlook, Risks and Opportunities
65 Outlook
70 Report on Risks and Opportunities
82 Internal Control System and Risk Management System
Relevant for the Consolidated Financial Reporting
Process
83 Disclosures Relevant for Takeovers
87 BMW Stock and Capital Markets in 2014
90 GROUP FINANCIAL STATEMENTS
90 Income Statements for Group and Segments
90 Statement of Comprehensive Income for Group
92 Balance Sheets for Group and Segments
94 Cash Flow Statements for Group and Segments
96 Group Statement of Changes in Equity
98 Notes to the Group Financial Statements
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
170 STATEMENT ON CORPORATE GOVERNANCE (§ 289 a HGB)
(Part of the Combined Management Report)
170 Information on the Company’s Governing Constitution
171 Declaration of the Board of Management
and of the Supervisory Board pursuant to § 161 AktG
172 Members of the Board of Management
173 Members of the Supervisory Board
176 Composition and Work Procedures of the Board of
Management of BMW AG and its Committees
178 Composition and Work Procedures of the Supervisory Board
of BMW AG and its Committees
183 Information on Corporate Governance Practices
Applied beyond Mandatory Requirements
184 Compliance in the BMW Group
189 Compensation Report
198 Responsibility Statement by the
Company’s Legal Representatives
199 Auditor’s Report
200 OTHER INFORMATION
200 BMW Group Ten-year Comparison
202 BMW Group Locations
204 Glossary
206 Index
208 Financial Calendar
209 Contacts
Contents