BMW 2014 Annual Report Download - page 94

94
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
BMW Group
Cash Flow Statements for Group and Segments
Note Group
in € million 2014 2013
1
Net profit 5,817 5,329
Reconciliation between net profit and cash inflow / outflow from operating activities
Current tax 2,774 2,581
Other interest and similar income / expenses 127 147
Depreciation and amortisation of other tangible, intangible and investment assets 4,323 3,832
Change in provisions 1,103 480
Change in leased products – 2,720 – 2,048
Change in receivables from sales financing – 3,898 – 4,501
Change in deferred taxes 116 – 17
Other non-cash income and expense items 331 – 552
Gain / loss on disposal of tangible and intangible assets and marketable securities – 63 – 21
Result from equity accounted investments – 655 – 407
Changes in working capital – 551 986
Change in inventories – 971 – 195
Change in trade receivables 379 22
Change in trade payables 41 1,159
Change in other operating assets and liabilities 323 969
Income taxes paid – 4,252 – 2,787
Interest received 137 136
Cash inflow / outflow from operating activities 44 2,912 4,127
Investment in intangible assets and property, plant and equipment – 6,099 – 6,693
Proceeds from the disposal of intangible assets and property, plant and equipment 36 22
Expenditure for investments – 99 – 76
Proceeds from the disposal of investments 190 137
Investments in marketable securities and term deposits – 4,216 – 4,131
Proceeds from the sale of marketable securities and from matured term deposits 4,072 3,250
Cash inflow / outflow from investing activities 44 – 6,116 – 7,491
Issue / buy-back of treasury shares – –
Payments into equity 15 17
Payment of dividend for the previous year – 1,715 – 1,653
Intragroup financing and equity transactions – –
Interest paid – 133 – 122
Proceeds from the issue of bonds 10,892 8,982
Repayment of bonds – 7,249 – 7,242
Proceeds from new non-current other financial liabilities 5,900 6,626
Repayment of non-current other financial liabilities – 5,697 – 4,996
Change in current other financial liabilities 2,132 – 721
Change in commercial paper – 1,012 1,812
Cash inflow / outf low from f inancing activities 44 3,133 2,703
Effect of exchange rate on cash and cash equivalents 86 – 89
Effect of changes in composition of Group on cash and cash equivalents 2 47
Change in cash and cash equivalents 44
17 – 703
Cash and cash equivalents as at 1 January 7,671 8,374
Cash and cash equivalents as at 31 December 7,688 7,671
1 Prior year figures have been adjusted in accordance with IAS 8, see note 9.
2 Interest relating to financial services business is classified as revenues / cost of sales.