89 BMW Group Report 2024 To Our Stakeholders Combined Management Report Group Financial Statements Responsibility Statement and Auditor’s Report Remuneration Report Other Information Financial Performance After deducting the expense for taxes, the Company reported a net profit of € 3,524 million, compared to € 4,366 million in the previous year. Subject to the shareholders’ approval of the appropriation of re- sults at the Annual General Meeting, the unappropriated profit available for distribution amounts to € 2,677 million (2023: € 3,802 million). This translates to a payout ratio of 36.7% cal- culated based on the BMW AG shareholders’ portion of the BMW Group’s consolidated net profit in accordance with IFRS. The payout ratio thus remains within the forecast range of 30 to 40%, as in 2023 (33.7%). The payout ratio takes into account the number of shares entitled to dividends at 31 December 2024 and may change prior to the Annual General Meeting due to the ongoing share buyback pro- gramme. Financial and net assets position BMW AG Balance Sheet at 31 December in € million 2024 2023 in € million 2024 2023 A S S E T S E Q U I T Y A N D L I A B I L I T I E S Intangible assets 1,606 1,823 Subscribed capital 639 639 Property, plant and equipment 16,623 15,560 Nominal amount of own shares – 17 – 5 Investments 12,020 12,077 Capital reserves 2,450 2,450 Tangible, intangible and investment assets 30,249 29,460 Revenue reserves 10,926 11,046 Inventories 7,766 8,505 Unappropriated profit available for distribution 2,677 3,802 Trade receivables 1,005 1,349 Equity 16,675 17,932 Receivables from subsidiaries 13,546 16,398 Registered profit-sharing certificates 23 24 Other receivables and other assets 3,845 3,120 Pension provisions 1,848 2,231 Marketable securities 1,912 2,705 Other provisions 10,660 11,537 Cash and cash equivalents 8,142 6,145 Provisions 12,508 13,768 Current assets 36,216 38,222 Liabilities to banks – 35 Prepaid expenses 105 142 Trade payables 6,892 7,552 Liabilities to subsidiaries 23,949 22,648 Other liabilities 1,794 1,364 Liabilities 32,635 31,599 Deferred income 4,729 4,501 Total assets 66,570 67,824 Total equity and liabilities 66,570 67,824