Audi 2007 Annual Report Download - page 144

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141
Both regular internal employee surveys and, for example, a survey conducted by the re-
nowned trendence Institute to identify the most popular employer in 20071) serve to confirm
just how successful these measures have been. In the latter survey, engineering students
ranked Audi second.
Audi plans further recruitments in fiscal 2008.
Internal steering system
All activities within the Audi Group focus on increasing the long-term value of the Company
through a system of financial targets. Internal steering is based on return on investment
(RoI), which serves as a gauge of the return on capital employed for various types and scales
of investment projects. RoI thus indicates the development of a company’s profitability and
is calculated according to the following formula:
Return on investment (RoI) Operating result after ta
x
Average invested assets
=x100
In view of the varying tax rates applicable for the companies in the Group, the operating
result after tax is calculated using an average effective tax rate of 35 percent for the consoli-
dated companies.
EUR million 2007 2006
Operating result before tax 2,705 2,015
– Tax (35%) 947 705
= Operating result after tax 1,758 1,310
Average operating assets 12,100 11,575
– Average non-interest-bearing liabilities 2,639 2,321
= Average invested assets 9,461 9,254
Return on investment (in %) 18.6 14.2
With a return on investment of 18.6 percent, the Audi Group easily exceeded the previous
year’s figure of 14.2 percent in fiscal 2007 and thus ranks as one of the most profitable
companies in the automotive industry worldwide.
System of remuneration for the Supervisory Board and Board of Management
Information on the system of remuneration for the Supervisory Board and Board of Man-
agement is provided in the Notes to the Consolidated Financial Statements under “Details
relating to the Supervisory Board and Board of Management.”
In addition to their high build quality, the Audi Group’s premium vehicles are noted, first
and foremost, for their innovative technological concepts. Numerous developments again
reached production maturity in 2007.
The total number of employees in the Research and Development area averaged 6,211
(5,946) over the year, comprising 5,973 (5,717) at AUDI AG, 109 (99) at AUDI HUNGARIA MO-
TOR Kft. and 129 (130) at Automobili Lamborghini S.p.A.
1) trendence Institute: The 2007 Graduates Barometer – Business and Engineering Edition, Berlin 2007
Research and development