Audi 2007 Annual Report Download - page 214

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The development of the provisions was as follows:
EUR million Jan 1, 2007 Change in
consoli-
dated
group
Used Reversed Allocated Interest
effect from
measure-
ment
Dec. 31,
2007
Obligations from
sales operations 2,835 304 1,028 41 1,557 3 3,630
Workforce-
related provisions 552 0 88 7 60 – 6 511
Other provisions 443 15 127 41 242 – 1 531
Total 3,830 319 1,243 89 1,859 – 4 4,672
32 Trade payables
EUR million Dec. 31, 2007 Dec. 31, 2006
Trade payables to
third parties 2,236 1,741
affiliated companies 550 501
associated companies 8 13
Total 2,794 2,255
The fair value of trade payables to third parties amounts to EUR 2,233 (1,737) million. In the
case of liabilities to affiliated and associated companies, the fair value corresponds to the
carrying amount.
The customary retention of title applies to liabilities from deliveries of goods.
Other particulars
33 Capital management
The primary goal of capital management within the Audi Group is to assure financial flexibil-
ity in order to achieve the business and growth targets, and to enable continuous, steady
growth in the value of the Company. The capital structure is steered specifically with this in
mind, with the economic environment kept under constant observation. The objectives,
methods and procedures for optimizing capital management remained unchanged at De-
cember 31, 2007.