The definition of the above-mentioned financial indicators is Quarterly Statement as of 31 March 2022 (publication date: ). The fullĬonsolidation effective 11 February 2022 will be reported in the The BMW Group Report 2021 (publication date: 16 March 2022). The Report on Outlook and Notes to the Group financial statements in
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On Group earnings before taxes and net income for the 2022 financial year.įurther details on the full consolidation of BBA will be included in Include BBA's equity earnings contribution, will also have an impact Segment, which as of the date of full consolidation will no longer The absolute increase in the earnings before taxes of the Automotive
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The purchase price payment will result in a one-off increase in theĪutomotive segment free cash flow.
In 2022, the consolidation of BBA's cash and cash equivalents less Margin is expected in the financial year 2022. To consolidation effects, no significant impact on the Automotive EBIT Performance indicators for the 2022 financial year:Īutomotive segment revenues and EBIT will increase significantly. The full consolidation of BBA also influences BMW Group key Result in further adjustments during the financial year. In accordance with the accounting standard IFRS 3īusiness Combinations, changes in the valuation parameters may also Weeks with the availability of the financial statements of BBA as atġ1 February 2022. The one-time effect will become more precise in the coming The revaluation of the existing 50% stake in BBA as of 11 FebruaryĢ022 leads – based on an initial valuation – to a positive one-offĮffect in the financial result of the Automotive segment of EUR 7 to 8īillion. The payment of the purchase price isĮxpected to be completed by 22 February 2022. As of this date, BBA will be fully consolidated in the groupįinancial statements of BMW AG.
The amended Joint Venture Contract are effective from 11 FebruaryĢ022. The increase in the shareholding in BBA from 50% to 75% as well as BMW AG thus indirectly holds 75% of the shares in BBA, while theĬhinese partner Brilliance China Automotive Holdings Ltd. BBA has today received the relevantīusiness licence from the Chinese authorities, effective 11 FebruaryĢ022. (BMW AG) acquires a majority stake in its Chinese joint venture BMWīrilliance Automotive Ltd. Bayerische Motoren Werke Aktiengesellschaft
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