BMW 2014 Annual Report Download - page 56
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56
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
and Explanatory Comments
87
BMW Stock and Capital Markets
and equipment totalled € 2,247 million at the end of the
reporting period.
Investments accounted for using the equity method, at
€ 1,088 million, were € 450 million higher than one year
earlier, mainly reflecting the strong earnings performance
of the joint venture BMW Brilliance Automotive Ltd.,
Shenyang.
Deferred tax assets increased by € 441 million to € 2,061 mil-
lion,
primarily reflecting lower fair values of derivative
financial instruments recognised directly in equity,
Balance sheet structure – Group
Total equity and liabilities in € billion
2014 2013
* 2013
* 2014
155 138 138 155
Non-current assets 63 %
6 %
38 %
62 %
37 %
37 %
26 %
37 %
Current assets
5 %
thereof cash and cash equivalents
38 % Non-current provisions and liabilities
38 % Current provisions and liabilities
24 % Equity
Balance sheet structure – Automotive segment
Total equity and liabilities in € billion
2014 2013
* 2013
* 2014
79 73 73 79
* Prior year figures have been adjusted in accordance with IAS 8, see note 9.
Non-current assets 46 %
9 %
54 %
46 %
42 %
16 %
42 %
54 %
Current assets
7 %
thereof cash and cash equivalents
18 % Non-current provisions and liabilities
43 % Current provisions and liabilities
39 % Equity