China Bankers Day - Treasury Update
THE BMW GROUP IS COMMITTED TO PLAYING A KEY ROLE IN
TOMORROW'S MOBILITY.
The R&D ratio is expected to remain at prior year level in 2021.
R&D Expenditure.*
[in m€, HGB]
R&D Ratio.**
[in %, HGB]
The capitalization ratio in 2021 is expected to be within a corridor of 35-40%.
8,000
7,000
6,000
5.6
5.4
5.1
4.8
4.9
5,000
4.6
4,000
7.1
6.3
6.2
6.3
6.2
5.7
5.6
5.5
6,890
3,000
6,108
6,419
6,279
4,792 4.566
5,169 5,164
2,000
3,952
3,144
3,373
2,864
2,773
2,448
1,000
0
2007
2008
2009
2010
2011
2012 2013***
2014
2015
2016
2017
2018
2019
2020
China Bankers Day - Treasury Update | Birgit Böhm 16th July 2021
HGB: German Commercial Code. I *R&D Expenditure: Research and development expenses plus capitalized research and development cost minus amortization of
capitalized development costs. I ** R&D Ratio: R&D expenditure divided by Group revenues. 1 *** 2013 figures have been adjusted in accordance with IAS 8.
Long-term
target ratio:
5% -5.5%.
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