Audi 2006 Annual Report Download - page 202
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Related parties as defined in IAS 24 are:
– the parent company Volkswagen AG and its subsidiaries outside the Audi Group;
– other parties (persons and companies) which could be affected by the reporting entity or
which could exert influence on the reporting entity, such as
! the members of the Board of Management and Supervisory Board of AUDI AG,
! the members of the Board of Management and Supervisory Board of Volkswagen AG,
! associates.
The volume of transactions with the parent company Volkswagen AG and other subsidi-
aries which do not belong to the Audi Group is indicated by the following summary:
EUR million 2006 2005
Sales and services supplied to
Volkswagen AG 3,937 3,821
Volkswagen AG subsidiaries not
belonging to the Audi Group 10,319 8,221
Purchases and services received from
Volkswagen AG 4,930 4,674
Volkswagen AG subsidiaries not
belonging to the Audi Group 3,446 1,345
Receivables from
Volkswagen AG 5,582 3,255
Volkswagen AG subsidiaries not
belonging to the Audi Group 487 257
Liabilities to
Volkswagen AG 2,307 1,645
Volkswagen AG subsidiaries not
belonging to the Audi Group 630 645
At December 31, 2006, loan asset sales to Volkswagen AG subsidiaries not belonging to the
Audi Group amounted to EUR 1,168 million.
The extent of business relations between fully consolidated companies of the Audi
Group, joint ventures and associates is indicated by the following tables:
EUR million Dec. 31, 2006 Dec. 31, 2005 Dec. 31, 2006 Dec. 31, 2005
Share in % Goods and services supplied Goods and services received
FAW-Volkswagen Automotive Company Ltd.,
Changchun (China) 10.0 1,031 710 0 1
YANASE Audi Sales Company Ltd., Tokyo (Japan) 33.4 138 141 16 27
Audi Zentrum Stuttgart GmbH & Co. KG, Stuttgart* 51.0 – 47 – 8
9 Related party disclosures