FRANKFURT, Jan 20 (Reuters) - German luxury carmaker BMW said on Tuesday it would restate its 2002 sales figures due to a change in its internal accounting system. BMW said in a statement its pre-tax and net profit figures would be unaffected but that it had revised up 2002 revenues by 129 million euros to 42.41 billion euros to include fees from credit card handling. The restatement, which also affects the cost of sales, adheres to International Financial Reporting Standards, IFRS, which it ...
Premium Content (PAID Subscription Required)
"BMW to restate '02 sales for new accounting system" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.