Audi 2008 Annual Report Download - page 178
Download and view the complete annual report
Please find page 178 of the 2008 Audi annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168 -
169 -
170 -
171 -
172 -
173 -
174 -
175 -
176 -
177 -
178 -
179 -
180 -
181 -
182 -
183 -
184 -
185 -
186 -
187 -
188 -
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
-
254
-
255
-
256
-
257
-
258
-
259
-
260
-
261
 |
 |
159
Management Report
128 Business and underlying
situation
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
The return on investment rose from 18.6 percent to 19.8 percent, impressively underscoring
the strong profitability of the Audi Group even in a difficult economic environment.
NET WORTH
BALANCE SHEET STRUCTURE
Cash and cash equivalents
Inventories
Other current assets
Fixed assets
Other non-current assets
Equity
Non-current liabilities
Current liabilities
2008200720062005 2005200620072008
26,056 18,910 16,11218,91016,112 22,578 26,056 22,578
7,379
7,536
8,143
946
749
454
2,661
2,109
2,042
4,852
6,740
3,632
4,884
2,368
3,105
8,190
1,347
3,347
8,339
4,833
8,355
5,269
8,954
7,265
4,610
7,035
5,806
4,202
10,328
6,029
9,699
6,104
The Audi Group’s balance sheet total grew by 15.4 percent over the past fiscal year to
EUR 26,056 (22,578) million.
Non-current assets of EUR 9,537 (8,325) million showed a rise on the previous year’s total.
This change was prompted in particular by an increase in property, plant and equipment follow-
ing increased investment activities for new products and the first-time consolidation of
AUDI BRUSSELS S.A./N.V. (Brussels, Belgium) at the start of the fiscal year. In addition, higher
market values for long-term currency hedging instruments prompted a rise in other financial
assets.
The rise in current assets to EUR 16,519 (14,253) million is largely attributable to the higher
inventories prompted by the downturn in economic activity, and to increased cash and cash
equivalents. In the course of further optimizing the investment portfolio, financial resources
previously held in the cash pool were converted to term money, resulting in a corresponding
drop in cash and cash equivalents, and a rise in other current assets.
Total capital investments by the Audi Group were up on the previous year’s high level at
EUR 2,486 (2,115) million. Property, plant and equipment accounted for EUR 1,793 (1,527)
million of this sum, representing a rise of 17.4 percent.