BMW Group Ten-year Comparison

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    2011 2010 2009 2008 2007 2006 2005 20041 2003 20022
1 Adjusted for new accounting treatment of pension obligations
2 Reclassified after harmonisation of internal and external reporting systems
3 Excluding C1, sales volume to 2003: 32,859 units, including Husqvarna Motorcycles
4 Excluding C1 production by Bertone, production volume C1 up to 2002: 33,489 units, including Husqvarna Motorcycles
5 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
6 Research and development costs included in cost of sales with the effect from 2008
7 Adjusted for effect of change in accounting policy for leased products as described in note 8
8 Figures are reported in the cash flow statement up to 2006 as cash inflow from operating activities of Industrial Operations and from 2007 as cash inflow from operating activities of the Automotive segment.
9 Figures exclude dormant employment contracts, employees in the non-work phases of pre-retirement part-time arrangements and low wage earners.
10 Adjustment to dividend due to buy-back of treasury shares
Deliveries to customers  
Automobiles units 1,668,982 1,461,166 1,286,310 1,435,876 1,500,678 1,373,970 1,327,992 1,208,732 1,104,916 1,057,344
Motorcycles3 units 113,572 110,113 100,358 115,196 102,467 100,064 97,474 92,266 92,962 92,599
Production            
Automobiles units 1,738,160 1,481,253 1,258,417 1,439,918 1,541,503 1,366,838 1,323,119 1,250,345 1,118,940 1,090,258
Motorcycles4 units 118,865 112,271 93,243 118,452 104,396 103,759 92,012 93,836 89,745 93,010
Financial Services            
Contract portfolio contracts 3,592,093 3,190,353 3,085,946 3,031,935 2,629,949 2,270,528 2,087,368 1,843,399 1,623,425 1,443,236
Business volume (based on balance sheet carrying amounts)5 € million 75,245 66,233 61,202 60,653 51,257 44,010 40,428 32,556 28,647 26,505
Income Statement  
Revenues € million 68,821 60,477 50,681 53,197 56,018 48,999 46,656 44,335 41,525 42,411
Gross profit margin Group6 % 21.1 18.17 10.5 11.4 21.8 23.1 22.9 23.2 22.7 22.8
Profit before tax € million 7,383 4,8537 413 351 3,873 4,124 3,287 3,583 3,205 3,297
Return on sales (earnings before tax / revenues) % 10.7 8.0 0.8 0.7 6.9 8.4 7.0 8.1 7.7 7.8
Income taxes € million 2,476 1,6107 203 21 739 1,250 1,048 1,341 1,258 1,277
Effective tax rate % 33.5 33.1 49.2 6.0 19.1 30.3 31.9 37.4 39.3 38.7
Net profit for the year € million 4,907 3,2437 210 330 3,134 2,874 2,239 2,242 1,947 2,020
Balance Sheet            
Non-current assets € million 74,425 67,0137 62,009 62,416 56,619 50,514 47,556 40,822 36,921 34,667
Current assets € million 49,004 43,151 39,944 38,670 32,378 28,543 27,010 26,812 24,554 20,844
Equity € million 27,103 23,9307 19,915 20,273 21,744 19,130 16,973 16,534 16,150 13,871
Equity ratio Group % 22.0 21.77 19.5 20.1 24.4 24.2 22.8 24.4 26.3 25.0
Non-current provisions and liabilities € million 49,113 46,1007 45,119 41,526 33,469 31,372 29,509 26,517 22,090 20,028
Current provisions and liabilities € million 47,213 40,134 36,919 39,287 33,784 28,555 28,084 24,583 23,235 21,612
Balance sheet total € million 123,429 110,1647 101,953 101,086 88,997 79,057 74,566 67,634 61,475 55,511
Cash Flow Statement            
Cash and cash equivalents at balance sheet date € million 7,776 7,432 7,767 7,454 2,393 1,336 1,621 2,128 1,659 2,333
Operating cash flow8 € million 7,077 8,1497 4,921 4,471 6,246 5,373 6,184 6,157 4,970 4,553
Capital expenditure € million 3,692 3,263 3,471 4,204 4,267 4,313 3,993 4,347 4,245 4,042
Capital expenditure ratio (capital expenditure / revenues) % 5.4 5.4 6.8 7.9 7.6 8.8 8.6 9.8 10.2 9.5
Personnel            
Workforce at the end of year9   100,306 95,453 96,230 100,041 107,539 106,575 105,798 105,972 104,342 101,395
Personnel cost per employee 84,887 83,141 72,349 75,612 76,704 76,621 75,238 73,241 73,499 69,560
Dividend            
Dividend total € million 1,508 852 197 197 694 458 41910 419 392 351
Dividend per share of common stock / preferred stock 2.30/2.32 1.30 /1.32 0.30/0.32 0.30/0.32 1.06/1.08 0.70/0.72 0.64/0.66 0.62/0.64 0.58/0.60 0.52/0.54

Updated March 13, 2012