BMW 2011 Annual Report Download - page 101

101 GROUP FINANCIAL STATEMENTS
in € million 2011 2010
Exchange gains 535 547
Income from the reversal of provisions 71 69
Income from the reversal of impairment losses and write-downs 14 38
Gains on the disposal of assets 14 15
Sundry operating income 148 97
Other operating income 782 766
Exchange losses – 537 – 677
Expense for additions to provisions – 391 – 186
Expenses for impairment losses and write-downs – 36 – 40
Sundry operating expenses – 168 – 155
Other operating expenses –1,132 –1,058
Other operating income and expenses – 350 – 292
Other operating income and expenses
Other operating income includes public-sector grants of € 13 million (2010: € 30 million).
Net interest result
Result from equity accounted investments
The profit from equity accounted investments amounted
to € 162 million (2010: € 98 million) and includes the re-
sults of the BMW Group’s interests in the joint ventures
BMW Brilliance Automotive Ltd., Shenyang, SGL Auto-
motive Carbon Fibers GmbH & Co. KG, Munich, SGL
Automotive Carbon Fibers Verwaltungs GmbH, Munich,
The expected return on plan assets includes the ex-
pected income on assets used to secure obligations re-
and SGL Automotive Carbon Fibers LLC, Dover, DE, and
from the BMW Group’s participation in Cirquent GmbH,
Munich. The results of the joint ventures BMW Peugeot
Citroën Electrification B.V., The Hague, DriveNow
GmbH & Co. KG, Munich, and DriveNow Ver waltungs
GmbH, Munich, are also included for the first time in
the result from equity accounted investments.
lating to pension plans and pre-retirement part-time
work arrangements.
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in € million 2011 2010
Expected return on plan assets relating to pension plans and pre-retirement part-time work arrangements 531 476
Other interest and similar income 232 209
thereof from subsidiaries: € 13 million (2010: € 13 million)
Interest and similar income 763 685
Expense from reversing the discounting of pension obligations – 594 – 588
Expense from reversing the discounting of other long-term provisions – 110 – 124
Write-downs on marketable securities – 4 – 3
Other interest and similar expenses – 235 – 251
thereof to subsidiaries: € 5 million (2010: € – million)
Interest and similar expenses – 943 – 966
Net interest result – 180 – 281
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