BMW 2009 Annual Report Download - page 60

58
12 Group Management Report
12 A Review of the Financial Year
14 General Economic Environment
18 Review of Operations
42
BMW Group – Capital Market
Activities
45 Disclosures pursuant to § 289 (4)
and § 315 (4) HGB
48 Financial Analysis
48 Internal Management System
50 Earnings Performance
52 Financial Position
54 Net Assets Position
56 Subsequent Events Report
56 Value Added Statement
58 Key Performance Figures
59 Comments on BMW AG
63 Internal Control System
64 Risk Management
70 Outlook
Key Performance Figures
2009 2008
Gross margin* % 10.5 11.4
EBITDA margin % 7.7 8.6
EBIT margin % 0.6 1.7
Pre-tax return on sales % 0.8 0.7
Post-tax return on sales % 0.4 0.6
Pre-tax return on equity % 2.0 1.6
Post-tax return on equity % 1.0 1.5
Equity ratio – Group % 19.5 20.1
Automobiles % 41.7 42.3
Financial Services % 6.0 5.4
Coverage of intangible assets, property, plant and equipment by equity % 118.8 119.7
Return on capital employed
Group % 3.3 2.3
Automobiles % – 4.9
Motorcycles % 4.7 13.9
Return on equity
Financial Services % 9.2 –
Cash inflow from operating activities euro million 10,271 10,872
Cash outflow from investing activities euro million 11,328 18,652
Coverage of cash outflow from investing activities by cash inflow from operating activities % 90.7 58.3
Net financial assets Automobiles segment euro million 8,962 9,046
* after reclassification of research and development costs to cost of sales