BMW 2012 Annual Report Download - page 105

105 GROUP FINANCIAL STATEMENTS
2012 2011
Net profit for the year after minority interest € million 5,096.2 4,880.9
Profit attributable to common stock € million 4,678.8 4,483.9
Profit attributable to preferred stock € million 417.4 397.0
Average number of common stock shares in circulation number 601,995,196 601,995,196
Average number of preferred stock shares in circulation number 53,571,312 53,163,232
Earnings per share of common stock € 7.77 7.45
Earnings per share of preferred stock € 7.79 7.47
Dividend per share of common stock € 2.50 2.30
Dividend per share of preferred stock € 2.52 2.32
Earnings per share 16
Personnel expenses include € 59 million (2011: € 70 mil-
lion) of expenditure incurred to adjust the workforce size.
The average number of employees during the year
was:
Earnings per share of preferred stock are computed
on the basis of the number of preferred stock shares
entitled to receive a dividend in each of the relevant
The number of employees at the end of the reporting period is disclosed in the Combined Group and Company
Management Report.
Other disclosures relating to the income statement
The income statement includes personnel expenses as follows:
financial years. As in the previous year, diluted earn-
ings per share correspond to undiluted earnings per
share.
2012 2011
Employees 95,748 91,168
Apprentices and students gaining work experience 6,484 5,942
102,232 97,110
in € million 2012 2011
Wages and salaries 7,086 6,399
Social security, retirement and welfare costs 1,449 1,340
thereof pension costs: € 857 million (2011: € 789 million)
Personnel expenses 8,535 7,739
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