BMW 2009 Annual Report Download - page 84

82
74 Group Financial Statements
74 Income Statements
74 Statement of
Comprehensive Income
76 Balance Sheets
78 Cash Flow Statements
80 Group Statement of Changes
in Equity
81 Notes
81 Accounting Principles
and Policies
90 Notes to the Income
Statement
97
Notes to the Statement
of Comprehensive Income
98 Notes to the Balance Sheet
119 Other Disclosures
133 Segment Information
Germany Foreign Total
Included at 31 December 2008 31 153 184
Included for the first time in 2009 2 8 1 0
No longer included in 2009 1 1 2 1 3
Included at 31 December 2009 3 2 149 181
2
Bayerische Motoren Werke Aktiengesellschaft has its seat
in Munich, Petuelring 130, and is registered in the Com-
mercial Register of the District Court of Munich under the
number HRB 42243.
All consolidated subsidiaries with the exception of BMW
India Private Limited, New Delhi, (year-end 31 March 2009)
have the same year-end as BMW AG.
The Group Financial Statements, drawn up in accordance
with § 315 a HGB, and the Management Report for the
finan cial year 2009 will be submitted to the operator of the
electronic version of the German Federal Gazette and can
be obtained via the Company Register website. Printed
copies will also be made available on request. In addition,
the Group Financial Statements and the Group Manage-
ment Report can be downloaded from the BMW Group
website at www.bmwgroup.com/ir.
The Board of Management authorised the Group Financial
Statements for issue on 19 February 2010.
Consolidated companies
The BMW Group Financial Statements include, besides
BMW AG, all material subsidiaries, six special purpose
securities funds and 23 special purpose trusts (almost all
used for asset-backed financing transactions).
The number of subsidiaries, special purpose securities
funds and other special purpose trusts included in
the Group Financial Statements changed in 2009 as
follows:
53 subsidiaries (2008: 54), either dormant or generating a
negligible volume of business, are not included. These
subsidiaries were not consolidated because the resulting
impact on the Group Financial Statements would not in-
fluence the economic decisions of users taken on the
basis of the financial statements. Non-inclusion of operating
subsidiaries reduces total Group revenues by 0.6 % (2008:
1.1 %).
The joint venture BMW Brilliance Automotive Ltd., Shen-
yang, and the investment in Cirquent GmbH, Munich, are
accounted for using the equity method. 15 (2008: 14) par-
ticipations are not consolidated using the equity method
on the grounds of immateriality. They are included in the
balance sheet in the line “Other investments”, measured
at cost less, where applicable, accumulated impairment
losses.
A separate “List of Group Investments” pursuant to § 313 (4)
HGB will be submitted to the operator of the electronic
version of the German Federal Gazette. This list, along with
the “List of Third Party Companies which are not of Minor
Importance for the Group”, will also be posted on the BMW
Group website at www.bmwgroup.com/ir.
LARGUS Grundstücks-Verwaltungsgesellschaft mbH,
Grünwald, LARGUS Grundstücks-Verwaltungsgesellschaft
mbH & Co. KG, Grünwald, BMW Polska Sp. z o. o., Warsaw,
BMW India Private Limited, New Delhi, and BMW Extended
Services Corporation, Hilliard, were consolidated in the
BMW
Group Financial Statements for the year ended 31 De-
cember
2009 for the first time.
Alphabet Fuhrparkmanagement GmbH, Munich, ceased
to be a consolidated company following its merger with
LHS Leasing- und Handelsgesellschaft Deutschland mbH,
Stuttgart. BMW Lease S. N. C., Guyancourt, and BMW
Location S. N. C., Guyancourt, also ceased to be consoli-
dated companies following their merger with BMW Finance
S. N. C., Guyancourt. BMW Financial Services Ibérica,