BMW 2015 Annual Report Download - page 126

126
Other investments
Other investments relate to investments in non-consoli-
dated subsidiaries, joints ventures, joint operations and
associated companies, participations and non-current
marketable securities.
The additions to investments in non-consolidated sub-
sidiaries relate to capital increases at the level of BMW
SLP S. A. de C. V., San Luis Potosí, BMW i Ventures B. V.,
Rijswijk, and BMW i Ventures, LLC, WiImington, DE.
The additions to non-current marketable securities re-
late to the acquisition of part of a convertible bond,
issued by SGL Carbon SE, Wiesbaden, with a nominal
volume of € 28 million. Disposals of investment in
non-
consolidated subsidiaries result from the winding-up
of BMW Services Netherlands B. V., Rijswijk.
Impairment losses on investments in non-consolidated
subsidiaries – recognised with income statement effect –
related primarily to BMW i Ventures B. V., Rijswijk.
Impairment losses on participations – recognised with
income statement effect – related to the investment in
SGL Carbon SE, Wiesbaden, which was written down
on the basis of objective criteria, see also note 6.
A break-down of the different classes of other
invest-
ments disclosed in the balance sheet and changes
during the year are shown in note 21.
26
BMW Brilliance DriveNow THERE1
in € million 2015 2014 2015 2014 2015
Disclosures relating to the balance sheet
Non-current assets 5,415 4,171 – 1 3,115
Cash and cash equivalents 1,663 976 23 13 96
Current assets 3,841 3,404 32 19 365
Equity 3,853 2,910 202 12 2,003
Non-current financial liabilities – – – – 48
Non-current provisions and liabilities 589 450 – – 1,093
Current financial liabilities 641 236 – – 48
Current provisions and liabilities 4,814 4,215 12 8 384
Reconciliation of aggregated financial information
Assets 9,256 7,575 32 20 3,480
Equity and liabilities 5,403 4,665 12 8 1,477
Net assets 3,853 2,910 20 12 2,003
Group’s interest in net assets 1,927 1,455 14 3 6 668
Eliminations – 376 – 373 – – –
Carrying amount 1,551 1,082 14 6 668
1 Carrying amounts as at acquisition date (4 December 2015). See also note 3.
2 Corresponds to the consolidated capital (provided by the shareholders) of DriveNow GmbH & Co. KG, Munich, and its subsidiaries.
3 The BMW Group holds 73.8 % (2014: 50.0 %) of net assets at 31 December 2015. Due to the allocation of voting rights within the decision-making bodies of the two entities,
operations remain subject to joint control.
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
113 Notes to the Income Statement
121 Notes to the Statement
of Comprehensive Income
122
Notes to the Balance Sheet
147 Other Disclosures
163 Segment Information