Income statement items in EUR million (IFRS)

Revenues
Cost of sales
Gross profit

Selling and administrative expenses

Other operating income
Other operating expenses
Profit / loss before financial result

Financial result
Comprising of:
■ Result from equity accounting instruments
■ Interest and similar income
■ Interest and similar expenses
■ Other financial result
Financial result

Profit / loss before tax

Income taxes
Loss from discontiniued operations
Net profit / loss
■ Attributable to minority interests
■ Attributable to shareholders of BMW AG

Remeasurement of the net defined benefit liability for pension plans

Deferred taxes
Items not expected to be reclassified to the income statement in the future

Available-for-sale securities
Financial instruments used for hedging purposes
Cost of hedging
Other comprehensive income from equity accounted investments
Deferred taxes
Currency translation foreign operations
Items expected to be reclassified to the income statement in the future
Other comprehensive income for the period after tax
Total comprehensive income
■ Attributable to minority interests
■ Attributable to shareholders of BMW AG

Balance sheet items in EUR million (IFRS)

BALANCE SHEET - ASSETS

Intangible assets
Property, plant and equipment
Leased products
Investments accounted for using the equity method
Other investments
Receivables from sales financing
Financial assets
Deferred taxes
Other assets
Non-current assets

Inventories
Trade receivables
Receivables from sales financing
Financial assets
Current tax
Other assets
Cash and cash equivalents
Assets held for sale
Current assets

TOTAL ASSETS

BALANCE SHEET - EQUITY & LIABILITIES

Subscribed capital
Capital reserves
Revenue reserves
Accumulated other equity
Equity attribuatable to shareholders of BMW AG

Minority interest
Equity
Pension provisions
Other provisions
Deferred tax
Financial liabilities
Other liabilities
Non-current provisions and liabilities

Other provisions
Deferred tax
Financial liabilities
Trade payables
Other liabilities
Liabilities in conjunction with assets held for sale
Current provisions and liabilities

TOTAL EQUITY AND LIABILITIES

Cash flow statement items in EUR million (IFRS)

Net income
Reconciliation between profit and cash inflow / outflow from operating activities
Loss from discontiniued operations
Current tax
Other interest and similar income / expenses
Depreciation and amortization of other tangible, intangible and investment assets
Change in provisions
Change in leased products
Change in receivables from sales financing
Change in deferred taxes
Other non-cash income and expense items
Gain / loss on disposal of tangible and intangible assets and marketable securities
Result from equity accounted investments
Changes in working capital
■ Change in inventories
■ Change in trade receivables
■ Change in trade payables
Change in other operating assets and liabilities
Income taxes paid
Interest received
Cash inflow / outflow from operating activities
Investment in intangible assets and property, plant and equipment
Proceeds from subsidies for intangible assets and property, plant and equipment
Proceeds from disposals of intangible assets and property, plant and equipment
Expenditure for investments
Acquisitions of subsidiaries and other business units
Proceeds from the disposal of investment assets and other business units
Proceeds from the sale of subsidiaries and other business units
Proceeds from the disposal of investments
Investments in marketable securities and from matured term deposits
Proceeds from the sale of marketable securities and from matured term deposits
Cash inflow / outflow from investing activities

Issue / buy-back of treasury shares

Payments into equity
Payments of dividend for the previous year
Intragroup financing and equity transactions
Interest paid
Proceeds from the issue of bonds
Repayment of bonds
Proceeds from the new / non-current other financial liabilities
Repayment of non-current other financial liabilities
Change in current other financial liabilities
Change in commercial paper
Cash inflow / outflow from financing activities

Effect of exchange rate on cash and cash equivalents

Effect of changes in composition of Group on cash and cash equivalents
Change in cash and cash equivalents

Cash and cash equivalents as at 1 January

Cash and cash equivalents as at 31 December
 2018 2017 2016

97,480.0 98,678.0 94,163.0

-78,924.0 -78,744.0 -75,442.0
18,556.0 19,934.0 18,721.0

-9,558.0 -9,560.0 -9,158.0

774.0 720.0 670.0
-651.0 -1,214.0 -847.0
9,121.0 9,880.0 9,386.0

632.0 738.0 441.0

397.0 201.0 196.0
-386.0 -412.0 -489.0
51.0 248.0 131.0
694.0 775.0 279.0

9,815.0 10,655.0 9,665.0

-2,575.0 -1,949.0 -2,755.0

-33.0 0.0 0.0
7,207.0 8,706.0 6,910.0
-90.0 -86.0 -47.0
7,117.0 8,620.0 6,863.0

935.0 693.0 -1,858.0

-217.0 -218.0 529.0
718.0 475.0 -1,329.0

-30.0 39.0 40.0

-1,381.0 1,914.0 2,008.0
-620.0 0.0 0.0
-157.0 -30.0 43.0
674.0 -597.0 -721.0
192.0 -1,171.0 -230.0
-1,322.0 155.0 1,140.0
 -604.0 630.0 -189.0
6,603.0 9,336.0 6,721.0
90.0 86.0 47.0
6,513.0 9,250.0 6,674.0

2018 2017 2016

10,971.00 9,464.00 8,157.00

19,801.00 18,471.00 17,960.00
38,572.00 36,257.00 37,789.00
2,624.00 2,767.00 2,546.00
739.00 690.00 560.00
48,109.00 48,321.00 48,032.00
1,010.00 2,369.00 2,705.00
1,590.00 1,927.00 2,327.00
2,026.00 1,635.00 1,595.00
125,442.00 121,901.00 121,671.00

13,047.00 12,707.00 11,841.00

2,546.00 2,667.00 2,825.00
38,674.00 32,113.00 30,228.00
6,675.00 7,965.00 7,065.00
1,366.00 1,566.00 1,938.00
9,790.00 5,525.00 5,087.00
10,979.00 9,039.00 7,880.00
461.00 - -
83,538.00 71,582.00 66,864.00

208,980.00 193,483.00 188,535.00

658.0 658.0 657.0

2,118.0 2,084.0 2,047.0
56,121.0 51,256.0 44,445.0
-1,338.0 114.0 -41.0
57,559.0 54,112.0 47,108.0

529.0 436.0 255.0

58,088.0 54,548.0 47,363.0
 2,330.0 3,252.0 4,587.0
5,776.0 5,437.0 5,039.0
1,806.0 2,241.0 2,795.0
64,772.0 53,548.0 55,405.0
5,299.0 5,410.0 5,357.0
79,983.0 69,888.0 73,183.0

6,078.0 6,313.0 5,879.0

1,158.0 1,124.0 1,074.0
38,825.0 41,100.0 42,326.0
9,669.0 9,731.0 8,512.0
15,117.0 10,779.0 10,198.0
62.0 0.0 0.0
70,909.0 69,047.0 67,989.0

208,980.00 193,483.00 188,535.00

2018 2017 2016

7,207.0 8,706.0 6,910.0

33.0 0.0 0.0

2,220.0 2,558.0 2,670.0
-199.0 65.0 131.0
5,113.0 4,822.0 4,998.0
-82.0 696.0 883.0
-1,693.0 -1,134.0 -2,526.0
-5,670.0 -7,440.0 -8,368.0
355.0 -609.0 85.0
111.0 -249.0 -15.0
-34.0 -43.0 -4.0
-632.0 -738.0 -441.0
-573.0 166.0 -104.0
-357.0 -1,293.0 -749.0
112.0 45.0 -93.0
-328.0 1,414.0 738.0
697.0 1,285.0 1,229.0
-1,972.0 -2,301.0 -2,417.0
170.0 125.0 142.0
5,051.0 5,909.0 3,173.0
 -7,777.0 -7,112.0 -5,823.0
21.0 0.0 0.0
107.0 30.0 10.0
-164.0 -142.0 -338.0
-209.0 0.0 0.0
623.0 0.0 0.0
0.0 0.0 0.0
0.0 1,236.0 140.0
-3,725.0 -4,041.0 -3,592.0
3,761.0 3,866.0 3,740.0
-7,363.0 -6,163.0 -5,863.0

25.0 38.0 20.0

-2,630.0 -2,324.0 -2,121.0

-136.0 -165.0 -118.0

0.0 12,061.0 13,974.0
0.0 -9,374.0 -10,374.0
30,762.0 11,894.0 8,952.0
-22,564.0 -7,427.0 -8,443.0
-1,161.0 -4,084.0 4,135.0
0.0 953.0 -1,632.0
4,296.0 1,572.0 4,393.0

-19.0 -223.0 17.0

-25.0 64.0 38.0
1,940.0 1,159.0 1,758.0

9,039.0 7,880.0 6,122.0

10,979.0 9,039.0 7,880.0
 Year
Profitability
ratios
2018
Gross
1 margin 19.04

Operating
2 margin 0.79

3 EBIT Margin 10.07

Net profit
4 margin 7.39

Liquidity
ratios

5 Current ratio 1.18

6 Quick ratio 0.85

7 Cash ratio 0.15

Working
capital
ratios

Account
receivable
8 days 0.44

Acoount
payable
9 days 1.79

Inventory
10 days 60.33

A/R
11 turnover 2.29
 A/P
12 turnover 0.2

Inventory
13 turnover 6.05

Interest
coverage
ratios

EBIT/Interes
14 t coverage 0.025

EBITDA/Inte
rest
15 coverage 39.68

Leverage
ratios

16 Debt-equity 2.60

Debt-to-
17 capital 0.72

Equity
18 multiplier 3.60

Operating
returns

Asset
19 turnover 0.47

20 ROE 0.12

21 ROA 44.34

22 ROIC 5