Risks and opportunities
BMW AG’s performance is highly dependent on the
same set of risks and opportunities that affect the BMW
Group and which are described in detail in the “Report
on Outlook, Risks and Opportunities” section of the Combined
Management Report. As a general rule, BMW AG
participates in the risks entered into by Group entities
on the basis of the relevant shareholding percentage.
BMW AG is integrated in the group-wide risk management
system and internal control system of the BMW
Group. Further information is provided in the “Internal
Control System and Risk Management System Relevant
for the Consolidated Financial Reporting Process” section
of the Combined Management Report.
Outlook
Due to its dominant role in the Group and its close ties
with Group entities, expectations for the BMW AG with
respect to the Company’s financial and non-financial
performance indicators correspond largely to the BMW
Group’s outlook for the Automotive segment, which is
described in detail in the “Report on Outlook, Risks
and Opportunities” section of the Combined Management
Report.
KPMG AG Wirtschaftsprüfungsgesellschaft, Munich,
has issued an unqualified audit opinion on the financial
statements of BMW AG, of which the balance sheet and
the income statement are presented here. The BMW AG
financial statements for the financial year 2014 will be
submitted to the operator of the electronic version of the
German Federal Gazette and can be obtained via the
Company Register website. These financial statements
are available from BMW AG, 80788 Munich, Germany.
Events after the end of the reporting period
No events have occurred since the end of the reporting
period which could have a major impact on the results
of operations, financial position and net assets of
BMW AG or the BMW Group
Risks and opportunitiesBMW AG’s performance is highly dependent on thesame set of risks and opportunities that affect the BMWGroup and which are described in detail in the “Reporton Outlook, Risks and Opportunities” section of the CombinedManagement Report. As a general rule, BMW AGparticipates in the risks entered into by Group entitieson the basis of the relevant shareholding percentage.BMW AG is integrated in the group-wide risk managementsystem and internal control system of the BMWGroup. Further information is provided in the “InternalControl System and Risk Management System Relevantfor the Consolidated Financial Reporting Process” sectionof the Combined Management Report.OutlookDue to its dominant role in the Group and its close tieswith Group entities, expectations for the BMW AG withrespect to the Company’s financial and non-financialperformance indicators correspond largely to the BMWGroup’s outlook for the Automotive segment, which isdescribed in detail in the “Report on Outlook, Risksand Opportunities” section of the Combined ManagementReport.KPMG AG Wirtschaftsprüfungsgesellschaft, Munich,has issued an unqualified audit opinion on the financialstatements of BMW AG, of which the balance sheet andthe income statement are presented here. The BMW AGfinancial statements for the financial year 2014 will besubmitted to the operator of the electronic version of theGerman Federal Gazette and can be obtained via theCompany Register website. These financial statementsare available from BMW AG, 80788 Munich, Germany.Events after the end of the reporting periodNo events have occurred since the end of the reportingperiod which could have a major impact on the resultsof operations, financial position and net assets ofBMW AG or the BMW Group
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