BMW 2015 Annual Report Download - page 198

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198
2015 2014 2013 2012
Sales volume
Automobiles units 2,247,485 2,117,965 1,963,798 1,845,186
Motorcycles1 units 136,963 123,495 115,215 106,358
Production volume
Automobiles units 2,279,503 2,165,566 2,006,366 1,861,826
Motorcycles1 units 151,004 133,615 110,127 113,811
Financial Services
Contract portfolio contracts 4,718,970 4,359,572 4,130,002 3,846,364
Business volume (based on balance sheet carrying amounts)2 € million 111,191 96,390 84,347 80,974
Income Statement
Revenues € million 92,175 80,401 76,059 76,848
Gross profit margin Group3 % 19.7 21.2 20.1 20.2
Profit before financial result € million 9,593 9,118 7,978 8,275
Profit before tax € million 9,224 8,707 7,893 7,803
Return on sales (earnings before tax / revenues) % 10.0 10.8 10.4 10.2
Income taxes € million 2,828 2,890 2,564 2,692
Effective tax rate % 30.7 33.2 32.5 34.5
Net profit for the year € million 6,396 5,817 5,329 5,111
Balance Sheet
Non-current assets € million 110,343 97,959 86,193 81,305
Current assets € million 61,831 56,844 52,184 50,530
Equity € million 42,764 37,437 35,600 30,606
Equity ratio Group % 24.8 24.2 25.7 23.2
Non-current provisions and liabilities € million 63,819 58,288 51,643 52,834
Current provisions and liabilities € million 65,591 59,078 51,134 48,395
Balance sheet total € million 172,174 154,803 138,377 131,835
Cash Flow Statement
Cash and cash equivalents at balance sheet date € million 6,122 7,688 7,671 8,370
Operating cash flow Automotive segment4 € million 11,836 9,423 9,964 9,167
Capital expenditure € million 5,890 6,100 6,711 5,240
Capital expenditure ratio (capital expenditure / revenues) % 6.4 7.6 8.8 6.8
Personnel
Workforce at year-end5 122,244 116,324 110,351 105,876
Personnel cost per employee € 97,136 92,337 89,869 89,161
Dividend
Dividend total € million 2,102 1,904 1,707 1,640
Dividend per share of common stock / preferred stock € 3.206/ 3.22 6 2.90 / 2.92 2.60 / 2.62 2.50 /2.52
1 Excluding Husqvarna, sales volume up to 2013: 59,776 units; production up to 2013: 59,426 units.
2 Amount computed on the basis of balance sheet figures: until 2007 from the Group balance sheet, from 2008 onwards from the Financial Services segment balance sheet.
3 Research and development expenses included in cost of sales with the effect from 2008.
4 Figures are reported in the cash flow statement up to 2006 as cash inflow from operating activities of Industrial Operations.
5 Figures exclude dormant employment contracts, employees in the non-work phases of pre-retirement part-time arrangements and low wage earners.
6 Proposal by management.
OTHER INFORMATION
BMW Group Ten-year Comparison
198 OTHER INFORMATION
198 BMW Group Ten-year Comparison
200 BMW Group Locations
202 Glossary
204 Index
205 Index of Graphs
206 Financial Calendar
207 Contacts