363 BMW Group Report 2024 To Our Stakeholders Combined Management Report Group Financial Statements Responsibility Statement and Auditor’s Report Remuneration Report Other Information Independent Auditor’s Report To Bayerische Motoren Werke Aktiengesellschaft, Munich Report on the audit of the consolidated financial statements and of the group management report Audit Opinions We have audited the consolidated financial statements of Bay- erische Motoren Werke Aktiengesellschaft, Munich, and its sub- sidiaries (the Group), which comprise the balance sheet for group as at 31 December 2024, and the income statement for group, the statement of comprehensive income for group, state- ment of changes in equity for group and cash flow statement for group for the financial year from 1 January to 31 December 2024, and notes to the consolidated financial statements, in- cluding material accounting policy information. In addition, we have audited the group management report of Bayerische Mo- toren Werke Aktiengesellschaft, which is combined with the Company’s management report, for the financial year from 1 January to 31 December 2024. In accordance with the German legal requirements, we have not audited the content of those parts of the group management report listed in the "Other Infor- mation" section of our auditor’s report. In our opinion, on the basis of the knowledge obtained in the audit, — the accompanying consolidated financial statements com- ply, in all material respects, with the IFRS Accounting Standards issued by the International Accounting Stand- ards Board (IASB) (the IFRS Accounting Standards) as adopted by the EU and the additional requirements of Ger- man commercial law pursuant to § [Article] 315e Abs. [par- agraph] 1 HGB [Handelsgesetzbuch German Commercial Code] and, in compliance with these requirements, give a true and fair view of the assets, liabilities, and financial po- sition of the Group as at 31 December 2024, and of its fi- nancial performance for the financial year from 1 January to 31 December 2024, and — the accompanying group management report as a whole provides an appropriate view of the Group’s position. In all material respects, this group management report is con- sistent with the consolidated financial statements, complies with German legal requirements and appropriately pre- sents the opportunities and risks of future development. Our audit opinion on the group management report does not cover the content of those parts of the group manage- ment report listed in the “Other Information” section of our auditor’s report. Pursuant to § 322 Abs. 3 Satz [sentence] 1 HGB, we declare that our audit has not led to any reservations relating to the legal compliance of the consolidated financial statements and of the group management report. Basis for the Audit Opinions We conducted our audit of the consolidated financial statements and of the group management report in accordance with § 317 HGB and the EU Audit Regulation (No. 537/2014, re- ferred to subsequently as “EU Audit Regulation”) in compliance with German Generally Accepted Standards for Financial State- ment Audits promulgated by the Institut der Wirtschaftsprüfer [Institute of Public Auditors in Germany] (IDW). Our responsibil- ities under those requirements and principles are further de- scribed in the “Auditor’s Responsibilities for the Audit of the Con- solidated Financial Statements and of the Group Management Report” section of our auditor’s report. We are independent of the group entities in accordance with the requirements of Euro- pean law and German commercial and professional law, and we have fulfilled our other German professional responsibilities in accordance with these requirements. In addition, in accordance with Article 10 (2) point (f) of the EU Audit Regulation, we de- clare that we have not provided non-audit services prohibited under Article 5 (1) of the EU Audit Regulation. We believe that the audit evidence we have obtained is sufficient and appropri- ate to provide a basis for our audit opinions on the consolidated financial statements and on the group management report. INDEPENDENT AUDITOR’S REPORT