BMW 2015 Annual Report Download - page 58
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58
18 COMBINED MANAGEMENT REPORT
18
General Information on the
BMW
Group
18 Business Model
20 Management System
23 Report on Economic Position
23 General and Sector-specific
Environment
27 Overall Assessment by Management
27
Financial and Non-financial
Performance Indicators
29 Review of Operations
49 Results of Operations, Financial
Position and Net Assets
59 Comments on Financial Statements
of BMW AG
62 Events after the End of the
Reporting Period
63 Report on Outlook, Risks and
Opportunities
63 Outlook
68 Report on Risks and Opportunities
81 Internal Control System and Risk
Management System Relevant for
the
Financial Reporting Process
83 Disclosures Relevant for Takeovers
and Explanatory Comments
87
BMW Stock and Capital Markets Key performance figures
2015 2014
Group gross margin % 19.7 21.2
Group EBITDA margin % 15.5 16.5
Group EBIT margin % 10.4 11.3
Group pre-tax return on sales % 10.0 10.8
Group post-tax return on sales % 6.9 7.2
Group pre-tax return on equity % 24.6 24.5
Group post-tax return on equity % 17.1 16.3
Group equity ratio % 24.8 24.2
Automotive equity ratio % 40.1 39.2
Financial Services equity ratio % 8.2 8.8
Coverage of intangible assets, property, plant and equipment by equity (Group) % 169.9 158.1
Return on capital employed
Group % 19.3 20.8
Automotive % 72.2 61.7
Motorcycles % 31.6 21.8
Return on equity
Financial Services % 20.2 19.4
Cash inflow from operating activities (Group) € million 960 2,912
Cash outflow from investing activities (Group) € million – 7,603 – 6,116
Coverage of cash outflow from investing activities by cash inflow from operating activities (Group) % 12.6 47.6
Free cash flow of Automotive segment € million 5,404 3,481
Net financial assets Automotive segment € million 16,911 14,223
BMW Group value added 2015
in %
Net value added 24.2 Depreciation and amortisation 8.8
Cost of materials 54.8 Other expenses 12.2
Other expenses
Net value added
Cost of materials
Depreciation and amortisation 48.3 % Employees
8.5 % Providers of finance
14.8 % Government / public sector
9.3 % Shareholders
19.0 % Group
0.1 % Minority interest