Problem
Looking at the BMW's recent financial statement and the annual report that accompanies the financial statement, calculate the Shareholder Value Added. Based on the result, assuming that I am a current shareholder of the company:
i. Would I be pleased with the company's progress and creation of shareholder value?
ii. Why or why not in terms of value creation (consider both wealth creation and qualitative factors such as company performance) would I continue to invest in the company?
iii. What are the references of financial statements?