BMW 2009 Annual Report Download - page 57

55 Group Management Report
The equity ratio of the BMW Group fell overall by 0.6 per-
centage points to 19.5 % . The equity ratio of the Auto-
mobiles segment was 41.7 % (2008: 42.3 % ) and that of
the Financial Services segment was 6.0 % (2008: 5.4 % ).
Pension provisions went down by 10.3 % to euro 2,972
million. In the case of pension plans with fund assets, the
fair value of fund assets is offset against the defined
benefit obligation. The decrease was mainly due to the
transfer of pension obligations to BMW Trust e. V., Munich,
in conjunction with a Contractual Trust Arrangement ( CTA ).
This was only partly offset by the increase in pension
provisions caused by lower interest rates and a changed
assumption for future inflation rates.
Balance sheet structure – Group
in euro billion
2009 2008 2008 2009
102 101 101 102
Non-current assets 61 %
7 %
38 %
62 %
39 %
41 %
20 %
39 %
Current assets
8 %
thereof cash and cash equivalents
44 % Non-current provisions and liabilities
36 % Current provisions and liabilities
20 % Equity
Balance sheet structure – Automobiles segment
in euro billion
2009 2008 2008 2009
53 53 53 53
Non-current assets 44 %
10 %
56 %
44 %
32 %
26 %
42 %
56 %
Current assets
8 %
thereof cash and cash equivalents
18 % Non-current provisions and liabilities
40 % Current provisions and liabilities
42 % Equity