Audi 2006 Annual Report Download - page 183

1 8 1
9 Other financial results
EUR million 2006 2005
Investment result – 35 + 26
Income from investments in affiliated companies 23 22
Income from profit transfer agreements 5 4
Expenses from investments in affiliated companies – 63 –
Income from the sale of securities 7 31
Expense from the sale of securities – 5 –
Income from the measurement of commodity futures 23 –
Expense from the measurement of commodity futures – 9 –
Other interest and similar income 187 98
of which from affiliated companies 134 65
Total other financial results + 168 + 155
The income from investments in affiliated companies relates above all to a share in the
profits of Volkswagen Logistics GmbH & Co. OHG, Wolfsburg.
Of the expenses from investments in affiliated companies, the sum of EUR 59 million is
attributable to an impairment loss on the investment in a Brazilian partnership.
The overall item of hedging instruments is shown under other particulars (item 1.1). In-
terest income is attributed on an accrual basis.
1 0 Income tax expense
Income tax expense includes taxes passed on by Volkswagen AG on the basis of the single-
entity relationship between the two companies for tax purposes, along with taxes owed by
AUDI AG and its consolidated subsidiaries, as well as deferred taxes.
Tax expense consists of the following:
EUR million 2006 2005
Current income tax expense 1,207 707
of which for Germany 1,119 673
of which for other countries 88 34
of which income from the reversal of tax provisions 0 – 3
Deferred tax income – 604 – 221
of which for Germany – 614 – 207
of which for other countries 10 – 14
Total income tax expense 603 486
of which tax income not relating to the period – 138 – 8
of which deferred tax expense from the measurement of tax
relief and tax loss carryforwards 86 1
Of the current tax expense, an amount of EUR 1,118 (673) million was passed on by
Volks-
wagen AG.