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Geschäftsbericht – BMW Group

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Geschäftsbericht – BMW Group GESCHÄFTSBERICHT 2014 innovativ erfolgreich nachhaltig profi tabel vorausschauend Inhalt 3 BMW GROUP IN ZAHLEN 6 BERICHT DES AUFSICHTSRATS 14 VORWORT DES VORSTANDSVORSITZENDEN 18 ZUSAMMENGEFASSTER LAGEBERICHT 18 Grundlagen des Konzerns 18 Geschäftsmodell 20 Steuerungssystem 23 Wirtschaftsbericht 23 Gesamtwirtschaftliche und branchenbezogene Rahmenbedingungen 26 Gesamtaussage 26 Finanzielle und nichtfinanzielle Leistungsindikatoren 29 Geschäftsverlauf 49 Ertrags-, Finanz- und Vermögenslage 61 Erläuterungen zur BMW AG 64 Nachtragsbericht 65 Prognose-, Risiko- und Chancenbericht 65 Prognosebericht 70 Risiko- und Chancenbericht 82 Internes Kontrollsystem und Risikomanagementsystem bezogen auf den Konzernrechnungslegungsprozess 83 Übernahmerelevante Angaben 87 BMW Aktie und Kapitalmarkt im Jahr 2014 90 KONZERNABSCHLUSS 90 Gewinn-und-Verlust-Rechnungen des Konzerns und der Segmente 90 Gesamtergebnisrechnung des Konzerns 92 Konzernbilanz und Segmentbilanzen 94 Kapitalflussrechnungen des Konzerns und der Segmente 96 Entwicklung des Konzerneigenkapitals 98 Konzernanhang 98 Grundsätze 116 Erläuterungen zur Gewinn-und-Verlust-Rechnung 123 Erläuterungen zur Gesamtergebnisrechnung 124 Erläuterungen zur Bilanz 149 Sonstige Angaben 165 Segmentinformationen 170 ERKLÄRUNG ZUR UNTERNEHMENSFÜHRUNG (§ 289 a HGB) CORPORATE GOVERNANCE (Teil des zusammengefassten Lageberichts) 170 Grundlegendes zur Unternehmensverfassung 171 Erklärung des Vorstands und des Aufsichtsrats gemäß § 161 AktG 172 Mitglieder des Vorstands 173 Mitglieder des Aufsichtsrats 176 Zusammensetzung und Arbeitsweise des Vorstands der BMW AG und seiner Ausschüsse 178 Zusammensetzung und Arbeitsweise des Aufsichtsrats der BMW AG und seiner Ausschüsse 183 Angaben zu Unternehmensführungspraktiken, die über die gesetzlichen Anforderungen hinaus angewandt werden 184 Compliance in der BMW Group 189 Vergütungsbericht 198 Versicherung der gesetzlichen Vertreter 199 Bestätigungsvermerk des Abschlussprüfers 200 WEITERE INFORMATIONEN 200 BMW Group im Zehn-Jahres-Vergleich 202 BMW Group Standorte 204 Glossar 206 Index 208 Finanzkalender 209 Kontakte 3 BMW Group in Zahlen 2010 2011 2012 2013 2014 Veränderung in % Bedeutsamste nichtfinanzielle Leistungsindikatoren BMW Group Mitarbeiter am Jahresende1 95.453 100.306 105.876 110.351 116.324 5,4 Segment Automobile 2 Auslieferungen 1.461.166 1.668.982 1.845.186 1.963.798 2.117.965 7,9 3 Flottenemissionen in g CO2 / km 148 145 143 133 130 – 2,3 Segment Motorräder Auslieferungen4 98.047 104.286 106.358 115.215 123.495 7,2 Weitere nichtfinanzielle Kennzahlen Segment Automobile Auslieferungen BMW 2 1.224.280 1.380.384 1.540.085 1.655.138 1.811.719 9,5 MINI 234.175 285.060 301.526 305.030 302.183 – 0,9 Rolls-Royce 2.711 3.538 3.575 3.630 4.063 11,9 Gesamt2 1.461.166 1.668.982 1.845.186 1.963.798 2.117.965 7,9 Produktion BMW 5 1.236.989 1.440.315 1.547.057 1.699.835 1.838.268 8,1 MINI 241.043 294.120 311.490 303.177 322.803 6,5 Rolls-Royce 3.221 3.725 3.279 3.354 4.495 34,0 Gesamt5 1.481.253 1.738.160 1.861.826 2.006.366 2.165.566 7,9 Segment Motorräder Produktion6 BMW 99.236 110.360 113.811 110.127 133.615 21,3 Segment Finanzdienstleistungen Neuverträge mit Kunden 1.083.154 1.196.610 1.341.296 1.471.385 1.509.113 2,6 1 Werte ohne ruhende Arbeitsverhältnisse, ohne Mitarbeiter in Freizeitphase der Altersteilzeit, ohne Geringverdiener 2 einschließlich Joint Venture BMW Brilliance Automotive Ltd., Shenyang (2010: 53.701 Automobile, 2011: 94.400 Automobile, 2012: 141.165 Automobile, 2013: 198.542 Automobile, 2014: 275.891 Automobile) 3 EU-28 4 ohne Husqvarna, Auslieferungen bis 2013: 59.776 Einheiten 5 einschließlich Joint Venture BMW Brilliance Automotive Ltd., Shenyang (2010: 55.588 Automobile, 2011: 98.241 Automobile, 2012: 150.052 Automobile, 2013: 214.920 Automobile, 2014: 287.466 Automobile) 6 ohne Husqvarna, Produktion bis 2013: 59.426 Einheiten 4 BMW Group in Zahlen 2010 2011 2012 2013 2014 Veränderung in % Bedeutsamste finanzielle Leistungsindikatoren BMW Group Ergebnis vor Steuern Mio. € 4.853 7.383 7.803 7.8931 8.707 10,3 Segment Automobile Umsatzerlöse Mio. € 54.137 63.229 70.208 70.6301 75.173 6,4 EBIT-Marge % (Veränderung in %-Punkten) 8,0 11,8 10,8 9,4 9,6 0,2 RoCE % (Veränderung in %-Punkten) 40,2 77,3 73,7 63,01 61,7 – 1,3 Segment Motorräder RoCE % (Veränderung in %-Punkten) 18,0 10,2 1,8 16,4 21,8 5,4 Segment Finanzdienstleistungen RoE % (Veränderung in %-Punkten) 26,1 29,4 21,2 20,01 19,4 – 0,6 Weitere finanzielle Kennzahlen in Mio. € Investitionen 3.263 3.692 5.240 6.7111 6.100 – 9,1 Abschreibungen 3.682 3.646 3.541 3.7411 4.170 11,5 Operativer Cashflow Segment Automobile 8.149 8.110 9.167 9.9641 9.423 – 5,4 Umsatzerlöse 60.477 68.821 76.848 76.0591 80.401 5,7 Automobile 54.137 63.229 70.208 70.6301 75.173 6,4 Motorräder 1.304 1.436 1.490 1.504 1.679 11,6 Finanzdienstleistungen 16.617 17.510 19.550 19.874 20.599 3,6 Sonstige Gesellschaften 4 5 5 6 7 16,7 Konsolidierungen – 11.585 – 13.359 – 14.405 – 15.955 – 17.057 6,9 Ergebnis vor Finanzergebnis (EBIT) 5.111 8.018 8.275 7.9781 9.118 14,3 Automobile 4.355 7.477 7.599 6.6491 7.244 8,9 Motorräder 71 45 9 79 112 41,8 Finanzdienstleistungen 1.201 1.763 1.558 1.643 1.756 6,9 Sonstige Gesellschaften – 41 – 19 58 44 71 61,4 Konsolidierungen – 475 – 1.248 – 949 – 4371 – 65 85,1 Ergebnis vor Steuern 4.853 7.383 7.803 7.8931 8.707 10,3 Automobile 3.887 6.823 7.170 6.561 6.886 5,0 Motorräder 65 41 6 76 107 40,8 Finanzdienstleistungen 1.214 1.790 1.561 1.6191 1.723 6,4 Sonstige Gesellschaften 45 – 168 3 164 154 – 6,1 Konsolidierungen – 358 – 1.103 – 937 – 527 – 163 69,1 Steuern auf das Ergebnis – 1.610 – 2.476 – 2.692 – 2.5641 – 2.890 – 12,7 Jahresüberschuss 3.243 4.907 5.111 5.3291 5.817 9,2 Ergebnis je Aktie2 in € 4,93 / 4,95 7,45 / 7,47 7,75 / 7,77 8,081/ 8,101 8,83 / 8,85 9,3 / 9,3 1 Die Vorjahreszahlen wurden gemäß IAS 8 angepasst, siehe Textziffer [9] im Konzernanhang. 2 Stamm- / Vorzugsaktien. Bei der Berechnung des Ergebnisses je Vorzugsaktie wird der Vorabgewinn (Mehrdividende) von 0,02 € je Vorzugsaktie anteilig auf die Quartale des entsprechenden Geschäftsjahres verteilt. 5 BMW Group in Zahlen Auslieferungen Automobile* Umsatz in Tsd. in Mrd. € 2.100 84 1.800 72 1.500 60 1.200 48 900 36 600 24 300 12 10 11 12 13 14 10 11 12 13 14 * 1.461,2 1.669,0 1.845,2 1.963,8 2.118,0 60,5 68,8 76,8 76,1 80,4 * einschließlich Joint Venture BMW Brilliance Automotive Ltd., Shenyang (2010: * Die Vorjahreszahlen wurden gemäß IAS 8 angepasst, siehe Textziffer [9] im 53.701 Automobile, 2011: 94.400 Automobile, 2012: 141.165 Automobile, 2013: Konzernanhang. 198.542 Automobile, 2014: 275.891 Automobile) Ergebnis vor Finanzergebnis Ergebnis vor Steuern in Mio. € in Mio. € 8.400 8.400 7.200 7.200 6.000 6.000 4.800 4.800 3.600 3.600 2.400 2.400 1.200 1.200 10 11 12 13 14 10 11 12 13 14 * * 5.111 8.018 8.275 7.978 9.118 4.853 7.383 7.803 7.893 8.707 * Die Vorjahreszahlen wurden gemäß IAS 8 angepasst, siehe Textziffer [9] im * Die Vorjahreszahlen wurden gemäß IAS 8 angepasst, siehe Textziffer [9] im Konzernanhang. Konzernanhang. 6 Joachim Milberg Vorsitzender des Aufsichtsrats 7 BERICHT DES AUFSICHTSRATS Sehr geehrte Aktionärinnen und Aktionäre, 2007 hat der Vorstand mit der Strategie Number ONE das Fundament für die strategische Ausrichtung der BMW Group gelegt. Heute dürfen wir auf das fünfte Rekordjahr in Folge zurückblicken. Verantwortungs­ volle Unternehmensführung bedeutet, Weiterentwicklungen vorausschauend und aus eigenem Antrieb ein­ zuleiten. Dies gilt auch für den Aufsichtsrat: Mit der frühzeitigen Ernennung von Herrn Harald Krüger zum künftigen Vorstandsvorsitzenden sowie weiteren Entscheidungen über die Zusammensetzung des Vorstands haben wir 2014 im Aufsichtsrat personelle Weichenstellungen für die künftige Leitung des Unternehmens beschlossen. Zugleich haben wir Ihnen unseren Plan vorgestellt, bereits 2015 einen Wechsel im Aufsichtsrats­ vorsitz herbeizuführen. Der Aufsichtsrat hat sich einstimmig für Herrn Dr. Norbert Reithofer als neuen Aufsichtsratsvorsitzenden ausgesprochen. Wir schlagen ihn – mit der Unterstützung großer Aktionäre – der Hauptversammlung zur Wahl in den Aufsichtsrat vor. Gemeinsam haben wir diese Veränderungen auf den Weg gebracht, um die BMW Group mit einer langfristigen Führungsperspektive zu stärken. Schwerpunkte der Überwachungs- und Beratungstätigkeit des Aufsichtsrats Der Aufsichtsrat hat den Vorstand auch im zurückliegenden Geschäftsjahr bei der Leitung des Unternehmens beraten und seine Geschäftsführung sorgfältig überwacht. Unsere Zusammenarbeit innerhalb des Aufsichtsrats und mit dem Vorstand war konstruktiv und von einem offenen und vertrauensvollen Austausch geprägt. Mit der aktuellen Lage des Unternehmens und den gesamtwirtschaftlichen Entwicklungen auf wichtigen Absatzmärkten haben wir uns in fünf Aufsichtsratssitzungen gründlich beschäftigt. Weitere Schwerpunkte unserer Beratungen waren die Unternehmensstrategie und die Unternehmensplanung. Darüber hinaus entwickelten wir Konzepte für einen Generationswechsel im Vorstandsvorsitz und Aufsichtsratsvorsitz und trafen Entscheidungen zur Zusammensetzung und Vergütung des Vorstands sowie zur Corporate Governance. Auch außerhalb der Sitzungen haben wir die geschäftliche Entwicklung des Unternehmens aufmerksam verfolgt. Der Vorstand hat uns insbesondere regelmäßig über die aktuellen Vertriebs­ und Personalzahlen informiert. Über wichtige geschäftliche Vorgänge und Vorhaben hat mich der Vorsitzende des Vorstands, Herr Dr. Norbert Reithofer, zudem jeweils zeitnah direkt unterrichtet. Der Vorsitzende des Prüfungsaus­ schusses unseres Aufsichtsrats, Herr Dr. Karl­Ludwig Kley, und das für Finanzen zuständige Mitglied des Vorstands, Herr Dr.
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