BMW 2015 Annual Report Download - page 2
Download and view the complete annual report
Please find page 2 of the 2015 BMW annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
 |
 |
3 BMW GROUP IN FIGURES
6 REPORT OF THE SUPERVISORY BOARD
14 STATEMENT OF THE CHAIRMAN OF THE
BOARD OF MANAGEMENT
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
27 Overall Assessment by Management
27 Financial and Non-financial Performance
Indicators
29 Review of Operations
49 Results of Operations, Financial Position and
Net Assets
59 Comments on Financial Statements of BMW AG
62 Events after the End of the Reporting Period
63 Report on Outlook, Risks and Opportunities
63 Outlook
68 Report on Risks and Opportunities
81 Internal Control System and Risk Management System
Relevant for the Financial Reporting
Process
83 Disclosures Relevant for Takeovers
87 BMW Stock and Capital Markets in 2015
90 GROUP FINANCIAL STATEMENTS
90 Income Statements for Group and Segments
90 Statement of Comprehensive Income for Group
92 Balance Sheets for Group and Segments
94 Cash Flow Statements for Group and Segments
96 Group Statement of Changes in Equity
98 Notes to the Group Financial Statements
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
168 STATEMENT ON CORPORATE GOVERNANCE (§ 289 a HGB)
(Part of the Combined Management Report)
168 Information on the Company’s Governing Constitution
169 Declaration of the Board of Management
and of the Supervisory Board pursuant to § 161 AktG
170 Members of the Board of Management
171 Members of the Supervisory Board
174 Composition and Work Procedures of the Board of
Management of BMW AG and its Committees
176 Composition and Work Procedures of the Supervisory Board
of BMW AG and its Committees
181
Disclosures pursuant to the Act on Equal Gender Participation
182 Information on Corporate Governance Practices
Applied beyond Mandatory Requirements
184 Compliance in the BMW Group
188 Compensation Report
196 Responsibility Statement by the
Company’s Legal Representatives
197 Auditor’s Report
198 OTHER INFORMATION
198 BMW Group Ten-year Comparison
200 BMW Group Locations
202 Glossary
204 Index
206 Financial Calendar
207 Contacts
Contents