Audi 2006 Annual Report Download - page 205
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2 0 3
EUR million 2006 2005 2006 2005
Depreciation and amortisation Other non-cash expenses
Germany 2,027 1,607 1,522 1,700
Rest of Europe 417 273 270 199
Rest of world 71 50 130 249
Consolidation measures – – – 6 – 397
Audi Group 2,515 1,930 1,916 1,751
Revenue by region Share 2006 Share 2005
EUR million % EUR million %
Germany 9,101 29.2 8,389 31.5
Rest of Europe 15,530 49.9 13,473 50.7
North America 3,067 9.9 2,370 8.9
Asia/Oceania 2,992 9.6 2,016 7.6
Africa 286 0.9 210 0.8
South America 166 0.5 133 0.5
Overall 31,142 100.0 26,591 100.0
German Corporate Governance Code
The Board of Management and Supervisory Board of AUDI AG submitted the declaration
pursuant to Section 161 of German Stock Corporation Law on the “German Corporate Gov-
ernance Code” on December 6, 2006 and made it accessible on the website
www.audi.com/cgk-declaration.
Details of the Supervisory Board and Board of Management
The remuneration of members of the Board of Management complies with the legal re-
quirements of German Stock Corporation Law as well as the recommendations and most of
the suggestions of the “German Corporate Governance Code”. The overall remuneration is
made up of fixed and variable components.
The fixed components assure a basic remuneration that enables the board member to
execute his duties conscientiously and in the best interests of the company, without becom-
ing dependent upon the attainment of short-term targets. Conversely, variable components
that are dependent on the economic reality of the company reconcile the interests of the
Board of Management with those of the other stakeholders.
The remuneration of members of the Board of Management for the 2006 financial year
amounted to EUR 4,531 (4,496) thousand, of which variable components accounted for
EUR 2,479 (2,345) thousand. The fixed remuneration components for the members of the
Board of Management totalled EUR 2,052 (2,151) thousand in the 2006 financial year. The
disclosure of the remuneration of each individual member of the Board of Management, by
name, pursuant to Section 314 Paragraph 1 No. 6a) Sentences 5 to 9 of the German Com-
mercial Code is not made, as the 2006 Annual General Meeting passed a corresponding
resolution that is valid for a period of five years.
As well as fixed payments in cash, there are varying levels of contributions in kind, in-
cluding in particular the use of company cars.