宝马集团BMW AG (BAMGF) 2017年年度报告「OTC」.pdf

1、WE ARE SHAPING THE MOBILITY OF THE FUTUREANNUAL REPORT 2017The new era of electric mobility requires visionaries and people of action.Find out in our image brochure how BMW Group is shaping the mobility of the future.CONTENTS1TO OUR SHAREHOLDERS Page 4 BMW Group in Figures Page 8 Report of the Super

2、visory Board Page 18 Statement of the Chairman of the Board of Management Page 24 BMW Stock and Capital Markets in 20172 COMBINED MANAGEMENT REPORT Page 30 General Information and Group Profile Page 30 Organisation and Business Model Page 40 Management System Page 44 Report on Economic Position Page

3、 44 General and Sector-specific Environment Page 48 Overall Assessment by Management Page 49 Financial and Non-financial Performance Indicators Page 52 Review of Operations Page 72 Results of Operations,Financial Position and Net Assets Page 86 Comments on Financial Statements of BMW AG Page 90 Repo

4、rt on Outlook,Risks and Opportunities Page 90 Outlook Page 96 Risks and Opportunities Page 111 Internal Control System Relevant for Accounting and Financial Reporting Processes Page 112 Disclosures Relevant for Takeovers3GROUP FINANCIAL STATEMENTS Page 118 Income Statement Page 118 Statement of Comp

5、rehensive Income Page 120 Balance Sheet Page 122 Cash Flow Statement Page 124 Statement of Changes in Equity Page 126 Notes to the Group Financial Statements Page 126 Accounting Principles and Policies Page 139 Notes to the Income Statement Page 145 Notes to the Statement of Comprehensive Income Pag

6、e 146 Notes to the Balance Sheet Page 167 Other Disclosures Page 183 Segment Information Page 188 List of Investments at 31 December 20174 CORPORATE GOVERNANCE Page 198 Statement on Corporate Governance(Part of the Combined Management Report)Page 198 Information on the Companys Governing Constitutio