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BMW Group, headquartered in Munich, Germany, manufactures several automotive brands, including BMW, MINI, and Rolls-Royce. Financial information is reported in euros (), using IFRS
BMW Group, headquartered in Munich, Germany, manufactures several automotive brands, including BMW, MINI, and Rolls-Royce. Financial information is reported in euros (), using IFRS as applicable to the European Union. The following transactions were adapted from the annual report of the BMW Group; amounts are in millions of euros: a. Declared 953 in dividends to be paid next month. b. Issued additional shares for 35 cash. c. Paid 1,532 in dividends declared in prior months. d. Borrowed 7,993 and signed long-term notes, payable in the distant future. e. Lent 43 to trade suppliers, who signed notes to repay the loans in three months. f. Purchased equipment for 7,130, paying 5,396 in cash and signing a note for the balance. g. Purchased investments for 2,089 cash.
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