Audi 2006 Annual Report Download - page 203
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2 0 1
EUR million Dec. 31, 2006 Dec. 31, 2005 Dec. 31, 2006 Dec. 31, 2005
Share in % Receivables from Liabilities to
FAW-Volkswagen Automotive Company Ltd.,
Changchun (China) 10.0 118 116 26 45
YANASE Audi Sales Company Ltd., Tokyo (Japan) 33.4 32 47 4 5
Audi Zentrum Stuttgart GmbH & Co. KG, Stuttgart* 51.0 – 27 – 0
* The investment in Audi Zentrum Stuttgart GmbH & Co. KG was sold with effect from January 1, 2006.
All business with related parties has been conducted on the basis of international compara-
ble uncontrolled price methods pursuant to IAS 24, according to the terms that customarily
apply to outside third parties. The goods and services procured from related parties include
primarily supplies for production, as well as development, transport, financial and distribu-
tion services and, to a lesser extent, design, training and other services and supplies of
original parts. Business to related parties comprises for the most part sales of new and used
cars, engines and components.
Members of the Boards of Management or Supervisory Boards of Volkswagen AG and
AUDI AG also belong to the supervisory or management boards of other companies with
which the Audi Group maintains business relations. All transactions with such companies
are likewise conducted according to the terms that customarily apply to outside third par-
ties.
Cash management within the Audi Group is centralised at AUDI AG. The group compa-
nies invest their liquid funds with AUDI AG or raise liquid funds from it. Residual amounts
are equalised via the cash pool of Volkswagen AG. All transactions are handled on market
terms.
EUR ‘000 2006 2005
Auditing of the financial statements 565 594
Other certification or valuation services – 130
Tax consultancy services 12 8
Other services 116 –
693 732
10 Auditor’s fees