Audi 2008 Annual Report Download - page 148

129
Management Report
128 Business and underlying
situation
128 The Group
131 Corporate steering
134 Research and development
136 Employee matters
139 Audi in society
141 Environmental aspects
147 Economic environment
150 Course of business
157 Financial performance
159 Net worth
160 Financial position
160 Report on post-balance sheet
date events
161 Risk report
165 Report on expected
developments
169 Disclaimer
AUDI BRUSSELS S.A./N.V. (Brussels, Belgium) builds the Audi A3 and, on behalf of
Volkswagen AG (Wolfsburg), the VW Polo.
AUDI HUNGARIA MOTOR Kft. develops and builds engines for AUDI AG and other Volkswagen
Group companies, as well as for third-party companies in Győr (Hungary). The TT and TTS
models in both Coupé and Roadster body versions and, under contract from AUDI AG, the
A3 Cabriolet are also built there in partnership with the Ingolstadt plant. Audi Hungaria is
now one of the country’s largest businesses and has become an important economic force.
The Bologna region of Italy is home to Automobili Lamborghini S.p.A., which builds the
supercars Gallardo LP 560-4, Gallardo LP 560-4 Spyder, Murciélago LP 640 and Murciélago
LP 640 Roadster.
VOLKSWAGEN GROUP ITALIA S.P.A., a subsidiary of Automobili Lamborghini Holding S.p.A.
based in Verona (Italy), sells vehicles of the Audi brand and other Volkswagen Group brands
in Italy.
Consolidated companies
AUDI AG’s largest stockholder is Volkswagen AG (Wolfsburg), which holds around 99.55 per-
cent of the capital stock. A control and profit transfer agreement is in effect between the two
companies.
Volkswagen AG includes the consolidated financial statements of AUDI AG in its own consoli-
dated financial statements.
Control and profit transfer agreements also exist between AUDI AG and its principal German
subsidiaries.
The Audi Group has increased in scope since December 31, 2007 and now includes Audi Zentrum
Hamburg GmbH (Hamburg) and Audi Zentrum Berlin-Charlottenburg GmbH & Co. KG (Berlin) as
well as AUDI BRUSSELS S.A./N.V. (Brussels, Belgium), which was consolidated in keeping with
the conditions set forth in IAS 27.13, Sentence 2. Following its sale as of December 1, 2008 to
Volkswagen do Brasil Indústria de Veículos Automotores Ltda. (São Bernardo do Campo, Brazil),
AUDI DO BRASIL E CIA. (Curitiba, Brazil) no longer belongs to the Group.
FULLY CONSOLIDATED COMPANIES WITHIN THE AUDI GROUP
•Audi Australia Pty Ltd.
•Audi Brasil Distribuidora de Veículos Ltda.
•Audi Canada Inc.
•Audi Japan K.K.
•Audi of America, LLC
•Audi Retail GmbH
Audi Zentrum Berlin-Charlottenburg
GmbH & Co. KG
Audi Zentrum Hamburg GmbH
Audi Zentrum Hannover GmbH
•Audi Vertriebsbetreuungsgesellschaft mbH
•Audi Volkswagen Korea Ltd.
•Audi Volkswagen Middle East FZE
•Automobili Lamborghini S.p.A.
•Lamborghini ArtiMarca S.p.A.
•MML S.p.A.
•VOLKSWAGEN GROUP ITALIA S.P.A.
VOLKSWAGEN GROUP FIRENZE S.P.A.
AUDI HUNGARIA
MOTOR Kft.
Automobili
Lamborghini
Holding S.p.A. quattro GmbH Other companies
AUDI AG
AUDI BRUSSELS
S.A./N.V.
Disclosures required under takeover law
The following disclosures under takeover law are made pursuant to Section 289, Para. 4 and
Section 315, Para. 4 of the German Commercial Code (HGB):
Capital structure
On December 31, 2008, the issued stock of AUDI AG remained unchanged at EUR 110,080,000
and comprised 43,000,000 no-par bearer shares. Each share represents a mathematical share
of EUR 2.56 of the issued capital.