Audi 2007 Annual Report Download - page 226

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The extent of business relations between fully consolidated companies of the Audi Group
and non-consolidated companies, associated companies and other related parties is pre-
sented in the following tables:
EUR million Dec. 31, 2007 Dec. 31, 2006 Dec. 31, 2007 Dec. 31, 2006
Goods and services supplied Goods and services received
Associated companies 1,453 1,169 1 16
Non-consolidated subsidiaries 238 – 14 –
Porsche companies* 833 – 13 –
* related parties since the 2007 fiscal year
EUR million Dec. 31, 2007 Dec. 31, 2006 Dec. 31, 2007 Dec. 31, 2006
Receivables from Liabilities to
Associated companies 149 150 31 30
Non-consolidated subsidiaries 26 – 10 –
Porsche companies* 11 – 1 –
* related parties since the 2007 fiscal year
All business transactions with related parties have been conducted on the basis of interna-
tional comparable uncontrolled price methods pursuant to IAS 24, according to the terms
that customarily apply to outside third parties. The goods and services procured from re-
lated parties primarily include supplies for production, as well as development, transporta-
tion, financial and distribution services and, to a lesser extent, design, training and other
services and supplies of genuine parts. Business transacted for related parties mainly com-
prises 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 similarly conducted according to the terms that customarily apply to outside third par-
ties. A full list of the non-executive directorships of members of the Board of Management
and Supervisory Board of AUDI AG is presented in the Annual Financial Statements of
AUDI AG.
In the same manner, the service relationships with the members of the Boards of Man-
agement and Supervisory Boards of Volkswagen AG and AUDI AG were conducted at arm’s
length. As in the previous year, the volume of transactions was low. Services having a total
value of EUR 36 thousand were purchased from this group of persons during the year under
review, and services with a total value of EUR 139 thousand were provided by the Audi
Group. For details of the remuneration paid to the members of the Board of Management
and Supervisory Board of AUDI AG, please refer to “Details of the Supervisory Board and
Board of Management” (Note 50).
Cash management transactions with affiliated companies were also conducted at arm’s
length.