Audi 2007 Annual Report Download - page 225

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222
46 Related party disclosures
Related parties as defined in IAS 24 are:
the parent company, Volkswagen AG, and its subsidiaries outside the Audi Group
Porsche Automobil Holding SE, of Stuttgart, and its affiliated companies.
Its voting interest in Volkswagen AG was 30.6 percent on July 31, 2007. It appoints two
members of the Supervisory Board of Volkswagen AG.
other parties (individuals and companies) which could be affected by the reporting entity
or which could influence 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,
associated companies,
unconsolidated subsidiaries.
The volume of transactions with the parent company, Volkswagen AG, and with other sub-
sidiaries which do not belong to the Audi Group is presented in the following overview:
EUR million 2007 2006
Sales and services supplied to
Volkswagen AG 4,443 3,937
Volkswagen AG subsidiaries not
belonging to the Audi Group 8,870 10,319
Purchases and services received from
Volkswagen AG 4,955 4,930
Volkswagen AG subsidiaries not
belonging to the Audi Group 3,821 3,446
Receivables from
Volkswagen AG 5,885 5,582
Volkswagen AG subsidiaries not
belonging to the Audi Group 2,820 487
Liabilities to
Volkswagen AG 2,722 2,307
Volkswagen AG subsidiaries not
belonging to the Audi Group 1,166 630
Contingent liabilities to
Volkswagen AG
Volkswagen AG subsidiaries not
belonging to the Audi Group 86 31
As of December 31, 2007, sales of receivables to Volkswagen AG subsidiaries which are not
members of the Audi Group amounted to EUR 1,590 million (1,168) million.
Any claims against Volkswagen AG subsidiaries which are not members of the Audi
Group arising from the contingencies is considered to be unlikely.