90

90 GROUP FINANCIAL STATEMENTS90 Income Statements90 Statement of

Comprehensive Income92 Balance Sheets94 Cash Flow Statements96 Group Statement of Changes in

Equity98 Notes 98 Accounting Principles and

Policies 116 Notes to the Income Statement 123 Notes to the Statement

of Comprehensive Income 124 Notes to the Balance Sheet 149 Other Disclosures 165 Segment Information

GROUP FINANCIAL STATEMENTS

BMW GroupIncome Statements for Group and SegmentsStatement of Comprehensive Income for Group

Income Statements for Group and Segmentsin € million Note Group Automotive Motorcycles Financial Services Other Entities Eliminations

(unaudited supplementary information) (unaudited supplementary information) (unaudited supplementary information) (unaudited supplementary information) (unaudited supplementary information) 2014 2013* 2014 2013* 2014 2013 2014 2013* 2014 2013 2014 2013*

Revenues 10 80,401 76,059 75,173 70,630 1,679 1,504 20,599 19,874 7 6 – 17,057 – 15,955 RevenuesCost of sales 11 – 63,396 – 60,791 – 61,221 – 57,778 – 1,365 – 1,253 – 17,783 – 17,270 – – 16,973 15,510 Cost of salesGross profit 17,005 15,268 13,952 12,852 314 251 2,816 2,604 7 6 – 84 – 445 Gross profit

Selling and administrative expenses 12 – 7,892 – 7,257 – 6,645 – 6,114 – 201 – 177 – 1,035 – 953 – 28 – 23 17 10 Selling and administrative expensesOther operating income 13 877 842 749 742 – 7 73 57 136 115 – 81 – 79 Other operating incomeOther operating expenses 13 – 872 – 875 – 812 – 831 – 1 – 2 – 98 – 65 – 44 – 54 83 77 Other operating expensesProfit / loss before financial result 9,118 7,978 7,244 6,649 112 79 1,756 1,643 71 44 – 65 – 437 Profit / loss before financial result

Result from equity accounted investments 14 655 407 655 407 – – – – – – – – Result from equity accounted investments Interest and similar income 15 200 183 331 303 – – 4 5 1,295 1,340 – 1,430 – 1,465 Interest and similar income Interest and similar expenses 15 – 519 – 469 – 620 – 535 – 5 – 3 – 29 – 27 – 1,197 – 1,279 1,332 1,375 Interest and similar expenses Other financial result 16 – 747 – 206 – 724 – 263 – – – 8 – 2 – 15 59 – – Other financial result

Financial result – 411 – 85 – 358 – 88 – 5 – 3 – 33 – 24 83 120 – 98 – 90 Financial result

Profit / loss before tax 8,707 7,893 6,886 6,561 107 76 1,723 1,619 154 164 – 163 – 527 Profit / loss before tax

Income taxes 17 – 2,890 – 2,564 – 2,365 – 2,153 – 34 – 25 – 525 – 518 – 49 – 68 83 200 Income taxesNet profit / loss 5,817 5,329 4,521 4,408 73 51 1,198 1,101 105 96 – 80 – 327 Net profit / loss

Attributable to minority interest 35 19 26 7 17 – – 11 8 1 1 – – Attributable to minority interestAttributable to shareholders of BMW AG 35 5,798 5,303 4,514 4,391 73 51 1,187 1,093 104 95 – 80 – 327 Attributable to shareholders of BMW AG

Basic earnings per share of common stock in € 18 8.83 8.08 Basic earnings per share of common stock in €Basic earnings per share of preferred stock in € 18 8.85 8.10 Basic earnings per share of preferred stock in €Dilutive effects – – Dilutive effectsDiluted earnings per share of common stock in € 18 8.83 8.08 Diluted earnings per share of common stock in €Diluted earnings per share of preferred stock in € 18 8.85 8.10 Diluted earnings per share of preferred stock in € * Prior year figures have been adjusted in accordance with IAS 8, see note 9.

Statement of Comprehensive Income for Groupin € million Note

2014 2013* Net profit 5,817 5,329

Remeasurement of the net defined benefit liability for pension plans 36 – 2,298 1,308 Deferred taxes 706 – 372 Items not expected to be reclassified to the income statement in the future – 1,592 936

Available-for-sale securities 40 8 Financial instruments used for hedging purposes – 2,194 1,357 Other comprehensive income from equity accounted investments – 48 – 7 Deferred taxes 732 – 407 Currency translation foreign operations 764 – 633 Items expected to be reclassified to the income statement in the future – 706 318

Other comprehensive income for the period after tax 21 – 2,298 1,254

Total comprehensive income 3,519 6,583

Total comprehensive income attributable to minority interests 19 26 Total comprehensive income attributable to shareholders of BMW AG 35 3,500 6,557 * Prior year figures have been adjusted in accordance with IAS 8, see note 9.

91 Group Financial StatementS

Income Statements for Group and Segmentsin € million Note Group Automotive Motorcycles Financial Services Other Entities Eliminations

(unaudited supplementary information) (unaudited supplementary information) (unaudited supplementary information) (unaudited supplementary information) (unaudited supplementary information) 2014 2013* 2014 2013* 2014 2013 2014 2013* 2014 2013 2014 2013*

Revenues 10 80,401 76,059 75,173 70,630 1,679 1,504 20,599 19,874 7 6 – 17,057 – 15,955 RevenuesCost of sales 11 – 63,396 – 60,791 – 61,221 – 57,778 – 1,365 – 1,253 – 17,783 – 17,270 – – 16,973 15,510 Cost of salesGross profit 17,005 15,268 13,952 12,852 314 251 2,816 2,604 7 6 – 84 – 445 Gross profit

Selling and administrative expenses 12 – 7,892 – 7,257 – 6,645 – 6,114 – 201 – 177 – 1,035 – 953 – 28 – 23 17 10 Selling and administrative expensesOther operating income 13 877 842 749 742 – 7 73 57 136 115 – 81 – 79 Other operating incomeOther operating expenses 13 – 872 – 875 – 812 – 831 – 1 – 2 – 98 – 65 – 44 – 54 83 77 Other operating expensesProfit / loss before financial result 9,118 7,978 7,244 6,649 112 79 1,756 1,643 71 44 – 65 – 437 Profit / loss before financial result

Result from equity accounted investments 14 655 407 655 407 – – – – – – – – Result from equity accounted investments Interest and similar income 15 200 183 331 303 – – 4 5 1,295 1,340 – 1,430 – 1,465 Interest and similar income Interest and similar expenses 15 – 519 – 469 – 620 – 535 – 5 – 3 – 29 – 27 – 1,197 – 1,279 1,332 1,375 Interest and similar expenses Other financial result 16 – 747 – 206 – 724 – 263 – – – 8 – 2 – 15 59 – – Other financial result

Financial result – 411 – 85 – 358 – 88 – 5 – 3 – 33 – 24 83 120 – 98 – 90 Financial result

Profit / loss before tax 8,707 7,893 6,886 6,561 107 76 1,723 1,619 154 164 – 163 – 527 Profit / loss before tax

Income taxes 17 – 2,890 – 2,564 – 2,365 – 2,153 – 34 – 25 – 525 – 518 – 49 – 68 83 200 Income taxesNet profit / loss 5,817 5,329 4,521 4,408 73 51 1,198 1,101 105 96 – 80 – 327 Net profit / loss

Attributable to minority interest 35 19 26 7 17 – – 11 8 1 1 – – Attributable to minority interestAttributable to shareholders of BMW AG 35 5,798 5,303 4,514 4,391 73 51 1,187 1,093 104 95 – 80 – 327 Attributable to shareholders of BMW AG

Basic earnings per share of common stock in € 18 8.83 8.08 Basic earnings per share of common stock in €Basic earnings per share of preferred stock in € 18 8.85 8.10 Basic earnings per share of preferred stock in €Dilutive effects – – Dilutive effectsDiluted earnings per share of common stock in € 18 8.83 8.08 Diluted earnings per share of common stock in €Diluted earnings per share of preferred stock in € 18 8.85 8.10 Diluted earnings per share of preferred stock in € * Prior year figures have been adjusted in accordance with IAS 8, see note 9.