Financial Statements

INCOME STATEMENT
FOR GROUP AND SEGMENTS

Group
Automotive (unaudited supplementary information)
Motorcycles (unaudited supplementary information)
Financial Services (unaudited supplementary information)
Other Entities (unaudited supplementary information)
Eliminations (unaudited supplementary information)
in € million
Note
2020
2019
2020
2019
2020
2019
2020
2019
2020
2019
2020
2019
Revenues
7
98,990
104,210
80,853
91,682
2,284
2,368
30,044
29,598
3
5
– 14,194
– 19,443
Cost of sales
8
– 85,408
– 86,147
– 71,456
– 78,062
– 1,941
– 1,911
– 26,958
– 25,938
14,947
19,764
Gross profit
13,582
18,063
9,397
13,620
343
457
3,086
3,660
3
5
753
321
Selling and administrative expenses
9
– 8,795
– 9,367
– 7,237
– 7,762
– 240
– 264
– 1,326
– 1,341
– 26
– 24
34
24
Other operating income
10
916
1,031
931
976
2
2
34
73
125
173
– 176
– 193
Other operating expenses
10
– 873
– 2,316
– 929
– 2,335
– 2
– 1
– 73
– 80
– 66
– 125
197
225
Profit / loss before financial result
4,830
7,411
2,162
4,499
103
194
1,721
2,312
36
29
808
377
Result from equity accounted investments
24
920
136
920
136
Interest and similar income
11
116
179
236
420
1
3
4
1,169
1,515
– 1,292
– 1,761
Interest and similar expenses
11
– 458
– 499
– 613
– 737
– 3
– 8
– 4
– 7
– 1,232
– 1,419
1,394
1,672
Other financial result
12
– 186
– 109
17
149
5
– 37
– 208
– 221
Financial result
392
– 293
560
– 32
– 3
– 7
4
– 40
– 271
– 125
102
– 89
Profit / loss before tax
5,222
7,118
2,722
4,467
100
187
1,725
2,272
– 235
– 96
910
288
Income taxes
13
– 1,365
– 2,140
– 713
– 1,354
– 26
– 56
– 456
– 672
62
29
– 232
– 87
Profit / loss from continuing operations
3,857
4,978
2,009
3,113
74
131
1,269
1,600
– 173
– 67
678
201
Profit / loss from discontinued operations
44
44
Net profit / loss
3,857
5,022
2,009
3,157
74
131
1,269
1,600
– 173
– 67
678
201
Attributable to minority interest
82
107
17
30
67
77
– 2
Attributable to shareholders of BMW AG
31
3,775
4,915
1,992
3,127
74
131
1,202
1,523
– 171
– 67
678
201
Basic earnings per share of common stock in €
14
5.73
7.47
Basic earnings per share of preferred stock in €
14
5.75
7.49
Dilutive effects
Diluted earnings per share of common stock in €
14
5.73
7.47
Diluted earnings per share of preferred stock in €
14
5.75
7.49
Group
Automotive (unaudited supplementary information)
Motorcycles (unaudited supplementary information)
Financial Services (unaudited supplementary information)
Other Entities (unaudited supplementary information)
Eliminations (unaudited supplementary information)
in € million
Note
2020
2019
2020
2019
2020
2019
2020
2019
2020
2019
2020
2019
Revenues
7
98,990
104,210
80,853
91,682
2,284
2,368
30,044
29,598
3
5
– 14,194
– 19,443
Cost of sales
8
– 85,408
– 86,147
– 71,456
– 78,062
– 1,941
– 1,911
– 26,958
– 25,938
14,947
19,764
Gross profit
13,582
18,063
9,397
13,620
343
457
3,086
3,660
3
5
753
321
Selling and administrative expenses
9
– 8,795
– 9,367
– 7,237
– 7,762
– 240
– 264
– 1,326
– 1,341
– 26
– 24
34
24
Other operating income
10
916
1,031
931
976
2
2
34
73
125
173
– 176
– 193
Other operating expenses
10
– 873
– 2,316
– 929
– 2,335
– 2
– 1
– 73
– 80
– 66
– 125
197
225
Profit / loss before financial result
4,830
7,411
2,162
4,499
103
194
1,721
2,312
36
29
808
377
Result from equity accounted investments
24
920
136
920
136
Interest and similar income
11
116
179
236
420
1
3
4
1,169
1,515
– 1,292
– 1,761
Interest and similar expenses
11
– 458
– 499
– 613
– 737
– 3
– 8
– 4
– 7
– 1,232
– 1,419
1,394
1,672
Other financial result
12
– 186
– 109
17
149
5
– 37
– 208
– 221
Financial result
392
– 293
560
– 32
– 3
– 7
4
– 40
– 271
– 125
102
– 89
Profit / loss before tax
5,222
7,118
2,722
4,467
100
187
1,725
2,272
– 235
– 96
910
288
Income taxes
13
– 1,365
– 2,140
– 713
– 1,354
– 26
– 56
– 456
– 672
62
29
– 232
– 87
Profit / loss from continuing operations
3,857
4,978
2,009
3,113
74
131
1,269
1,600
– 173
– 67
678
201
Profit / loss from discontinued operations
44
44
Net profit / loss
3,857
5,022
2,009
3,157
74
131
1,269
1,600
– 173
– 67
678
201
Attributable to minority interest
82
107
17
30
67
77
– 2
Attributable to shareholders of BMW AG
31
3,775
4,915
1,992
3,127
74
131
1,202
1,523
– 171
– 67
678
201
Basic earnings per share of common stock in €
14
5.73
7.47
Basic earnings per share of preferred stock in €
14
5.75
7.49
Dilutive effects
Diluted earnings per share of common stock in €
14
5.73
7.47
Diluted earnings per share of preferred stock in €
14
5.75
7.49

STATEMENT OF COMPREHENSIVE INCOME FOR GROUP

in € million
Note
2020
2019
Net profit / loss
3,857
5,022
Remeasurement of the net liability for defined benefit pension plans
32
– 354
– 1,254
Deferred taxes
139
387
Items not expected to be reclassified to the income statement in the future
– 215
– 867
Marketable securities (at fair value through other comprehensive income)
7
42
Derivative financial instruments
991
– 706
Costs of hedging
201
125
Other comprehensive income from equity accounted investments
106
– 3
Deferred taxes
– 444
171
Currency translation foreign operations
– 1,283
544
Items that can be reclassified to the income statement in the future
– 422
173
Other comprehensive income for the period after tax
19
– 637
– 694
Total comprehensive income
3,220
4,328
Total comprehensive income attributable to minority interests
82
107
Total comprehensive income attributable to shareholders of BMW AG
31
3,138
4,221
in € million
Note
2020
2019
Net profit / loss
3,857
5,022
Remeasurement of the net liability for defined benefit pension plans
32
– 354
– 1,254
Deferred taxes
139
387
Items not expected to be reclassified to the income statement in the future
– 215
– 867
Marketable securities (at fair value through other comprehensive income)
7
42
Derivative financial instruments
991
– 706
Costs of hedging
201
125
Other comprehensive income from equity accounted investments
106
– 3
Deferred taxes
– 444
171
Currency translation foreign operations
– 1,283
544
Items that can be reclassified to the income statement in the future
– 422
173
Other comprehensive income for the period after tax
19
– 637
– 694
Total comprehensive income
3,220
4,328
Total comprehensive income attributable to minority interests
82
107
Total comprehensive income attributable to shareholders of BMW AG
31
3,138
4,221

BALANCE SHEET FOR GROUP
AND SEGMENTS

Group
Automotive (unaudited supplementary information)
Motorcycles (unaudited supplementary information)
Financial Services (unaudited supplementary information)
Other Entities (unaudited supplementary information)
Eliminations (unaudited supplementary information)
in € million
Note
2020
2019
2020
2019
2020
2019
2020
2019
2020
2019
2020
2019
ASSETS
Intangible assets
21
12,342
11,729
11,809
11,212
155
127
377
389
1
1
Property, plant and equipment
22
21,850
23,245
21,371
22,749
401
407
78
89
Leased products
23
41,995
42,609
48,759
50,348
– 6,764
– 7,739
Investments accounted for using the equity method
24
3,585
3,199
3,585
3,199
Other investments
735
703
4,711
5,144
20
1
6,938
6,847
– 10,934
– 11,289
Receivables from sales financing
25
48,025
51,030
48,082
51,079
– 57
– 49
Financial assets
26
2,644
1,370
559
131
161
139
1,939
1,168
– 15
– 68
Deferred tax
13
2,459
2,194
3,196
3,451
550
512
131
84
– 1,418
– 1,853
Other assets
28
1,216
1,325
2,861
2,203
33
36
2,929
3,351
41,860
38,919
– 46,467
– 43,184
Non-current assets
134,851
137,404
48,092
48,089
589
570
100,956
105,908
50,869
47,019
– 65,655
– 64,182
Inventories
29
14,896
15,891
13,391
14,404
687
679
818
808
Trade receivables
30
2,298
2,518
1,979
2,228
219
186
100
103
1
Receivables from sales financing
25
36,252
41,407
36,252
41,407
Financial assets
26
5,108
5,955
4,152
4,772
612
1,009
392
187
– 48
– 13
Current tax
27
606
1,209
342
1,000
64
84
200
125
Other assets
28
9,110
11,614
33,747
33,492
2
1
5,952
5,106
52,625
64,692
– 83,216
– 91,677
Cash and cash equivalents
13,537
12,036
9,522
9,077
5
11
2,863
2,075
1,147
873
Current assets
81,807
90,630
63,133
64,973
913
877
46,661
50,592
54,364
65,878
– 83,264
– 91,690
Total assets
216,658
228,034
111,225
113,062
1,502
1,447
147,617
156,500
105,233
112,897
– 148,919
– 155,872
Group
Automotive (unaudited supplementary information)
Motorcycles (unaudited supplementary information)
Financial Services (unaudited supplementary information)
Other Entities (unaudited supplementary information)
Eliminations (unaudited supplementary information)
in € million
Note
2020
2019
2020
2019
2020
2019
2020
2019
2020
2019
2020
2019
ASSETS
Intangible assets
21
12,342
11,729
11,809
11,212
155
127
377
389
1
1
Property, plant and equipment
22
21,850
23,245
21,371
22,749
401
407
78
89
Leased products
23
41,995
42,609
48,759
50,348
– 6,764
– 7,739
Investments accounted for using the equity method
24
3,585
3,199
3,585
3,199
Other investments
735
703
4,711
5,144
20
1
6,938
6,847
– 10,934
– 11,289
Receivables from sales financing
25
48,025
51,030
48,082
51,079
– 57
– 49
Financial assets
26
2,644
1,370
559
131
161
139
1,939
1,168
– 15
– 68
Deferred tax
13
2,459
2,194
3,196
3,451
550
512
131
84
– 1,418
– 1,853
Other assets
28
1,216
1,325
2,861
2,203
33
36
2,929
3,351
41,860
38,919
– 46,467
– 43,184
Non-current assets
134,851
137,404
48,092
48,089
589
570
100,956
105,908
50,869
47,019
– 65,655
– 64,182
Inventories
29
14,896
15,891
13,391
14,404
687
679
818
808
Trade receivables
30
2,298
2,518
1,979
2,228
219
186
100
103
1
Receivables from sales financing
25
36,252
41,407
36,252
41,407
Financial assets
26
5,108
5,955
4,152
4,772
612
1,009
392
187
– 48
– 13
Current tax
27
606
1,209
342
1,000
64
84
200
125
Other assets
28
9,110
11,614
33,747
33,492
2
1
5,952
5,106
52,625
64,692
– 83,216
– 91,677
Cash and cash equivalents
13,537
12,036
9,522
9,077
5
11
2,863
2,075
1,147
873
Current assets
81,807
90,630
63,133
64,973
913
877
46,661
50,592
54,364
65,878
– 83,264
– 91,690
Total assets
216,658
228,034
111,225
113,062
1,502
1,447
147,617
156,500
105,233
112,897
– 148,919
– 155,872
Group
Automotive (unaudited supplementary information)
Motorcycles (unaudited supplementary information)
Financial Services (unaudited supplementary information)
Other Entities (unaudited supplementary information)
Eliminations (unaudited supplementary information)
in € million
Note
2020
2019
2020
2019
2020
2019
2020
2019
2020
2019
2020
2019
EQUITY AND LIABILITIES
Subscribed capital
31
660
659
Capital reserves
31
2,199
2,161
Revenue reserves
31
59,550
57,667
Accumulated other equity
31
– 1,518
– 1,163
Equity attributable to shareholders of BMW AG
31
60,891
59,324
Minority interest
629
583
Equity
61,520
59,907
41,117
40,174
15,555
15,545
21,389
21,972
– 16,541
– 17,784
Pension provisions
32
3,693
3,335
3,197
2,820
109
96
49
47
338
372
Other provisions
33
6,488
5,788
6,268
5,605
74
81
146
102
Deferred tax
13
509
632
697
543
2,812
3,804
78
34
– 3,078
– 3,749
Financial liabilities
35
67,390
70,647
2,087
2,680
17,730
18,170
47,588
49,865
– 15
– 68
Other liabilities
36
5,095
5,100
7,270
7,929
522
569
42,506
39,639
1,011
102
– 46,214
– 43,139
Non-current provisions and liabilities
83,175
85,502
19,519
19,577
705
746
63,243
61,762
49,015
50,373
– 49,307
– 46,956
Other provisions
33
7,494
7,421
6,960
6,962
100
105
388
299
46
55
Current tax
34
747
963
537
704
192
184
18
75
Financial liabilities
35
38,986
46,093
897
1,929
25,178
26,938
12,959
17,239
– 48
– 13
Trade payables
37
8,644
10,182
7,365
8,814
378
413
892
943
9
12
Other liabilities
36
16,092
17,966
34,830
34,902
319
183
42,169
50,829
21,797
23,171
– 83,023
– 91,119
Current provisions and liabilities
71,963
82,625
50,589
53,311
797
701
68,819
79,193
34,829
40,552
– 83,071
– 91,132
Total equity and liabilities
216,658
228,034
111,225
113,062
1,502
1,447
147,617
156,500
105,233
112,897
– 148,919
– 155,872
Group
Automotive (unaudited supplementary information)
Motorcycles (unaudited supplementary information)
Financial Services (unaudited supplementary information)
Other Entities (unaudited supplementary information)
Eliminations (unaudited supplementary information)
in € million
Note
2020
2019
2020
2019
2020
2019
2020
2019
2020
2019
2020
2019
EQUITY AND LIABILITIES
Subscribed capital
31
660
659
Capital reserves
31
2,199
2,161
Revenue reserves
31
59,550
57,667
Accumulated other equity
31
– 1,518
– 1,163
Equity attributable to shareholders of BMW AG
31
60,891
59,324
Minority interest
629
583
Equity
61,520
59,907
41,117
40,174
15,555
15,545
21,389
21,972
– 16,541
– 17,784
Pension provisions
32
3,693
3,335
3,197
2,820
109
96
49
47
338
372
Other provisions
33
6,488
5,788
6,268
5,605
74
81
146
102
Deferred tax
13
509
632
697
543
2,812
3,804
78
34
– 3,078
– 3,749
Financial liabilities
35
67,390
70,647
2,087
2,680
17,730
18,170
47,588
49,865
– 15
– 68
Other liabilities
36
5,095
5,100
7,270
7,929
522
569
42,506
39,639
1,011
102
– 46,214
– 43,139
Non-current provisions and liabilities
83,175
85,502
19,519
19,577
705
746
63,243
61,762
49,015
50,373
– 49,307
– 46,956
Other provisions
33
7,494
7,421
6,960
6,962
100
105
388
299
46
55
Current tax
34
747
963
537
704
192
184
18
75
Financial liabilities
35
38,986
46,093
897
1,929
25,178
26,938
12,959
17,239
– 48
– 13
Trade payables
37
8,644
10,182
7,365
8,814
378
413
892
943
9
12
Other liabilities
36
16,092
17,966
34,830
34,902
319
183
42,169
50,829
21,797
23,171
– 83,023
– 91,119
Current provisions and liabilities
71,963
82,625
50,589
53,311
797
701
68,819
79,193
34,829
40,552
– 83,071
– 91,132
Total equity and liabilities
216,658
228,034
111,225
113,062
1,502
1,447
147,617
156,500
105,233
112,897
– 148,919
– 155,872

CASH FLOW STATEMENT FOR GROUP
AND SEGMENTS

Group
Automotive (unaudited supplementary information)
Financial Services (unaudited supplementary information)
in € million
2020
2019
2020
2019
2020
2019
Profit/loss before tax1
5,222
7,118
2,722
4,467
1,725
2,272
Income taxes paid
– 1,605
– 3,389
– 382
– 1,984
– 1,513
– 345
Interest received2
163
91
283
91
3
Other interest and similar income / expenses2
104
51
152
61
1
3
Depreciation and amortisation of tangible and intangible assets
6,139
6,017
5,974
5,853
46
54
Other non-cash income and expense items
99
– 200
94
– 262
6
23
Result from equity accounted investments
– 920
– 136
– 920
– 136
Gain / loss on disposal of tangible and intangible assets and marketable securities
4
3
Change in leased products
– 1,016
– 3,825
– 311
– 3,600
Change in receivables from sales financing
4,192
– 3,560
4,184
– 3,589
Changes in working capital
– 996
– 1,117
– 841
– 831
– 76
– 222
Change in inventories
370
– 1,560
422
– 1,255
– 43
– 193
Change in trade receivables
160
14
191
43
1
– 11
Change in trade payables
– 1,526
429
– 1,454
381
– 34
– 18
Change in provisions
1,115
1,512
1,122
1,745
129
– 59
Change in other operating assets and liabilities
754
1,096
– 26
683
– 1,432
118
Cash inflow / outflow from operating activities
13,251
3,662
8,178
9,690
2,762
– 5,345
Total investment in intangible assets and property, plant and equipment
– 6,150
– 6,902
– 5,990
– 6,734
– 14
– 19
Proceeds from subsidies for intangible assets and property, plant and equipment
53
50
45
50
8
2
Proceeds from the disposal of intangible assets and property, plant and equipment
34
32
34
31
1
Expenditure for investment assets
– 176
– 1,598
– 199
– 1,557
Proceeds from the disposal of investment assets and other business units3
1,328
1,087
1,327
1,087
57
Investments in marketable securities and investment funds
– 925
– 775
– 829
– 507
– 91
– 268
Proceeds from the sale of marketable securities and investment funds
2,200
822
1,679
465
521
356
Cash inflow / outflow from investing activities
– 3,636
– 7,284
– 3,933
– 7,165
424
129
Payments into equity
28
33
28
33
Payment of dividends for the previous year
– 1,671
– 2,366
– 1,671
– 2,366
Intragroup financing and equity transactions
– 901
877
– 2,438
5,491
Interest paid2
– 275
– 199
– 447
– 197
– 18
– 1
Proceeds from issue of non-current financial liabilities
164,478
150,517
173
153,823
132,408
Repayment of non-current financial liabilities
– 171,532
– 143,500
– 982
– 605
– 156,657
– 133,089
Change in other financial liabilities
718
305
2,782
491
Cash inflow / outflow from financing activities
– 8,254
4,790
– 3,973
– 2,085
– 2,508
5,300
Effect of exchange rate on cash and cash equivalents
180
– 28
130
– 22
110
6
Effect of changes in composition of Group on cash and cash equivalents
– 40
– 83
43
28
Change in cash and cash equivalents
1,501
1,057
445
446
788
90
Cash and cash equivalents as at 1 January
12,036
10,979
9,077
8,631
2,075
1,985
Cash and cash equivalents as at 31 December
13,537
12,036
9,522
9,077
2,863
2,075
Group
Automotive (unaudited supplementary information)
Financial Services (unaudited supplementary information)
in € million
2020
2019
2020
2019
2020
2019
Profit/loss before tax1
5,222
7,118
2,722
4,467
1,725
2,272
Income taxes paid
– 1,605
– 3,389
– 382
– 1,984
– 1,513
– 345
Interest received2
163
91
283
91
3
Other interest and similar income / expenses2
104
51
152
61
1
3
Depreciation and amortisation of tangible and intangible assets
6,139
6,017
5,974
5,853
46
54
Other non-cash income and expense items
99
– 200
94
– 262
6
23
Result from equity accounted investments
– 920
– 136
– 920
– 136
Gain / loss on disposal of tangible and intangible assets and marketable securities
4
3
Change in leased products
– 1,016
– 3,825
– 311
– 3,600
Change in receivables from sales financing
4,192
– 3,560
4,184
– 3,589
Changes in working capital
– 996
– 1,117
– 841
– 831
– 76
– 222
Change in inventories
370
– 1,560
422
– 1,255
– 43
– 193
Change in trade receivables
160
14
191
43
1
– 11
Change in trade payables
– 1,526
429
– 1,454
381
– 34
– 18
Change in provisions
1,115
1,512
1,122
1,745
129
– 59
Change in other operating assets and liabilities
754
1,096
– 26
683
– 1,432
118
Cash inflow / outflow from operating activities
13,251
3,662
8,178
9,690
2,762
– 5,345
Total investment in intangible assets and property, plant and equipment
– 6,150
– 6,902
– 5,990
– 6,734
– 14
– 19
Proceeds from subsidies for intangible assets and property, plant and equipment
53
50
45
50
8
2
Proceeds from the disposal of intangible assets and property, plant and equipment
34
32
34
31
1
Expenditure for investment assets
– 176
– 1,598
– 199
– 1,557
Proceeds from the disposal of investment assets and other business units3
1,328
1,087
1,327
1,087
57
Investments in marketable securities and investment funds
– 925
– 775
– 829
– 507
– 91
– 268
Proceeds from the sale of marketable securities and investment funds
2,200
822
1,679
465
521
356
Cash inflow / outflow from investing activities
– 3,636
– 7,284
– 3,933
– 7,165
424
129
Payments into equity
28
33
28
33
Payment of dividends for the previous year
– 1,671
– 2,366
– 1,671
– 2,366
Intragroup financing and equity transactions
– 901
877
– 2,438
5,491
Interest paid2
– 275
– 199
– 447
– 197
– 18
– 1
Proceeds from issue of non-current financial liabilities
164,478
150,517
173
153,823
132,408
Repayment of non-current financial liabilities
– 171,532
– 143,500
– 982
– 605
– 156,657
– 133,089
Change in other financial liabilities
718
305
2,782
491
Cash inflow / outflow from financing activities
– 8,254
4,790
– 3,973
– 2,085
– 2,508
5,300
Effect of exchange rate on cash and cash equivalents
180
– 28
130
– 22
110
6
Effect of changes in composition of Group on cash and cash equivalents
– 40
– 83
43
28
Change in cash and cash equivalents
1,501
1,057
445
446
788
90
Cash and cash equivalents as at 1 January
12,036
10,979
9,077
8,631
2,075
1,985
Cash and cash equivalents as at 31 December
13,537
12,036
9,522
9,077
2,863
2,075
¹At the beginning of the financial year 2020, the starting point for determining cash flow was changed to profit / loss before tax; the previous year’s figures have been adjusted accordingly.
²With the exception of interest for lease liabilities, interest relating to financial services business is classified as revenues / cost of sales.
³Includes dividends received from investment assets amounting to € 1,020 million (2019: € 643 million).

STATEMENT OF CHANGES
IN EQUITY FOR GROUP

Accumulated other equity
in € million
Note
Subscribed capital
Capital reserves
Revenue reserves
Translation differences
Marketable Securities
Derivative financial instruments
Costs of hedging
Equity attributable to shareholders of BMW AG
Minority interest
Total
1 January 2020
31
659
2,161
57,667
– 760
29
15
– 447
59,324
583
59,907
Net profit
3,775
3,775
82
3,857
Other comprehensive income for the period after tax
– 215
– 1,396
5
781
188
– 637
– 637
Comprehensive income at 31 December 2020
3,560
– 1,396
5
781
188
3,138
82
3,220
Dividend payments
– 1,646
– 1,646
– 25
– 1,671
Subscribed share capital increase out of Authorised Capital
1
1
1
Premium arising on capital increase relating to preferred stock
38
38
38
Other changes
– 31
72
– 5
36
– 11
25
31 December 2020
31
660
2,199
59,550
– 2,156
34
868
– 264
60,891
629
61,520
Accumulated other equity
in € million
Note
Subscribed capital
Capital reserves
Revenue reserves
Translation differences
Marketable Securities
Derivative financial instruments
Costs of hedging
Equity attributable to shareholders of BMW AG
Minority interest
Total
1 January 2020
31
659
2,161
57,667
– 760
29
15
– 447
59,324
583
59,907
Net profit
3,775
3,775
82
3,857
Other comprehensive income for the period after tax
– 215
– 1,396
5
781
188
– 637
– 637
Comprehensive income at 31 December 2020
3,560
– 1,396
5
781
188
3,138
82
3,220
Dividend payments
– 1,646
– 1,646
– 25
– 1,671
Subscribed share capital increase out of Authorised Capital
1
1
1
Premium arising on capital increase relating to preferred stock
38
38
38
Other changes
– 31
72
– 5
36
– 11
25
31 December 2020
31
660
2,199
59,550
– 2,156
34
868
– 264
60,891
629
61,520
Accumulated other equity
in € million
Note
Subscribed capital
Capital reserves
Revenue reserves
Translation differences
Marketable Securities
Derivative financial instruments
Costs of hedging
Equity attributable to shareholders of BMW AG
Minority interest
Gesamt
1 January 2019 (as originally reported)
31
658
2,118
55,862
– 1,326
– 1
558
– 569
57,300
529
57,829
Effects of accounting policy change*
– 32
– 32
– 32
1 January 2019 (as adjusted due to accounting policy change)
658
2,118
55,830
– 1,326
– 1
558
– 569
57,268
529
57,797
Net profit
4,915
4,915
107
5,022
Other comprehensive income for the period after tax
– 867
566
30
– 551
128
– 694
– 694
Comprehensive income at 31 December 2019
4,048
566
30
– 551
128
4,221
107
4,328
Dividend payments
– 2,303
– 2,303
– 63
– 2,366
Subscribed share capital increase out of Authorised Capital
1
1
1
Premium arising on capital increase relating to preferred stock
43
43
43
Other changes
92
8
– 6
94
10
104
31 December 2019
31
659
2,161
57,667
– 760
29
15
– 447
59,324
583
59,907
Accumulated other equity
in € million
Note
Subscribed capital
Capital reserves
Revenue reserves
Translation differences
Marketable Securities
Derivative financial instruments
Costs of hedging
Equity attributable to shareholders of BMW AG
Minority interest
Gesamt
1 January 2019 (as originally reported)
31
658
2,118
55,862
– 1,326
– 1
558
– 569
57,300
529
57,829
Effects of accounting policy change*
– 32
– 32
– 32
1 January 2019 (as adjusted due to accounting policy change)
658
2,118
55,830
– 1,326
– 1
558
– 569
57,268
529
57,797
Net profit
4,915
4,915
107
5,022
Other comprehensive income for the period after tax
– 867
566
30
– 551
128
– 694
– 694
Comprehensive income at 31 December 2019
4,048
566
30
– 551
128
4,221
107
4,328
Dividend payments
– 2,303
– 2,303
– 63
– 2,366
Subscribed share capital increase out of Authorised Capital
1
1
1
Premium arising on capital increase relating to preferred stock
43
43
43
Other changes
92
8
– 6
94
10
104
31 December 2019
31
659
2,161
57,667
– 760
29
15
– 447
59,324
583
59,907
*The 2018 figures were adjusted due to the change in accounting policy in conjunction with the adoption of IFRS 16 (see Annual Report 2019, Note 6 to the Group Financial Statements).

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