Audi 2006 Annual Report Download - page 155
Download and view the complete annual report
Please find page 155 of the 2006 Audi annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154 -
155 -
156 -
157 -
158 -
159 -
160 -
161 -
162 -
163 -
164 -
165 -
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
 |
 |
1 5 3
Cash flow statement
EUR million 2006 2005
Cash flow from operating activities 4,428 3,252
Cash flow from investing activities – 2,442 – 1,712
Net cash flow 1,986 1,540
Cash flow from financing activities – 202 – 203
Net liquidity 5,720 3,391
Cash pooling within the Audi Group is centralised at AUDI AG. Surpluses and shortages of
cover are equalised via the cash pool at Volkswagen AG. All transactions are handled on
market terms.
At the end of the financial year, the Audi Group had other financial obligations amount-
ing to EUR 1,520 (1,202) million, mainly in the form of ordering commitments. An overview is
provided in the Notes on page 199, Section 4, Other financial obligations.
Report on post-balance sheet date events
No events of particular significance which must be reported according to IAS 10 occurred
after December 31, 2006.
Risk report
In accordance with the risk management strategy of the Audi Group, the wide-ranging risks
that are inseparably associated with the business activities of the company are minimised or
if possible avoided in order to prevent potential losses to the company. Risks are con-
sciously taken only where they are readily calculable and where this course of action ap-
pears justifiable within the context of seizing favourable business opportunities.
The Audi Group maintains a group-wide risk management and risk early warning system.
This covers the parent company and all subsidiaries from which potential existence-
threatening developments could spread to the parent company.
The tasks of risk management in the Audi Group are reflected non-centrally by organisa-
tional processes at the level of the individual corporate divisions and subsidiaries. Risk
management is thus an integral aspect of the existing business processes of the Audi
Group. Clearly defined task areas as well as reporting and recording obligations are laid
down for the corporate divisions and subsidiaries.
In the context of the defined spheres of responsibility within the risk management sys-
tem, potential risks are identified, appropriate measures are elaborated and implemented
for their management and monitoring, and the success of the measures taken is constantly
monitored. The effectiveness of the management and monitoring system is constantly ex-
amined.
The risk management
system within the Audi
Group