BMW 2014 Annual Report Download - page 62
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62
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
BMW AG Balance Sheet at 31 December
in € million
2014 2013
Assets
Intangible assets 405 474
Property, plant and equipment 10,304 8,982
Investments 3,236 3,377
Tangible, intangible and investment assets 13,945 12,833
Inventories 3,859 3,863
Trade receivables 697 659
Receivables from subsidiaries 5,200 4,871
Other receivables and other assets 2,502 3,194
Marketable securities 3,572 3,429
Cash and cash equivalents 3,073 3,757
Current assets 18,903 19,773
Prepayments 265 169
Surplus of pension and similar plan assets over liabilities 1,123 990
Total assets 34,236 33,765
Equity and liabilities
Subscribed capital 656 656
Capital reserves 2,084 2,069
Revenue reserves 7,422 6,097
Unappropriated profit available for distribution 1,904 1,707
Equity 12,066 10,529
Registered profit-sharing certificates 31 32
Pension provisions 12 43
Other provisions 7,308 7,299
Provisions 7,320 7,342
Liabilities to banks 1,864 1,463
Trade payables 4,784 4,818
Liabilities to subsidiaries 6,872 8,795
Other liabilities 216 285
Liabilities 13,736 15,361
Deferred income 1,083 501
Total equity and liabilities 34,236 33,765
production start-ups of new models increased year-on-
year. Depreciation and amortisation amounted to
€ 1,890 million (2013: € 1,732 million).
The carrying amount of investments decreased from
€ 3,377 million to € 3,236 million, mainly as a result of an
impairment loss recognised in 2014.