Audi 2006 Annual Report Download - page 192
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1 9 0
The issued capital of AUDI AG totals EUR 110,080,000.00. Each share represents a mathe-
matical share of EUR 2.56 in the issued capital. It is divided into 43,000,000 bearer individual
share certificates.
The capital reserves contain shareholder contributions from the issue of shares in the
company. In the year under review, it rose to EUR 483 million as a result of a contribution of
EUR 231 million by Volkswagen AG to the capital reserve of AUDI AG.
The opportunities and risks from foreign exchange contracts and currency option trans-
actions serving as hedges for future cash flows are deferred with no effect on the income
statement in the reserve for cash flow hedges. When the cash flow hedges fall due, the
results from the settlement of the exchange-rate hedging contracts are reported in the other
operating result. Gains and losses from the measurement at fair value of financial assets
available for sale are recognised in the reserve for the market-price measurement of securi-
ties. Adjustments to actuarial assumptions on retirement benefit obligations are recognised
in the reserve for IAS 19.
The balance of EUR 487 (362) million remaining after the transfer of profit to Volkswagen
AG is allocated to the other retained earnings.
LIABILITIES
2 6 Financial liabilities
Non-current financial liabilities
EUR million Dec. 31, 2006 Dec. 31, 2005
Liabilities to banks 3 14
Liabilities from financial lease agreements 0 1
3 15
Non-current financial liabilities with a time to maturity of more than five years amount to
EUR 1 (2) million. The carrying amounts correspond to the fair values.
Current financial liabilities
EUR million Dec. 31, 2006 Dec. 31, 2005
Liabilities to affiliated factoring companies 140 112
Liabilities from cash pooling to affiliated companies 24 14
Liabilities from cash pooling to enterprises in which the company
has participating interests 0 5
Liabilities to banks 45 33
Liabilities from financial lease agreements 1 1
210 165
Measurement of the non-current and current financial lease agreements is based on an
interest rate of 4.6 percent p.a. in each case.