Audi 2008 Annual Report Download - page 198

179
Consolidated Financial
Statements
170 Income Statement
171 Balance Sheet
172 Cash Flow Statement
173 Statement of Changes in Equity
Notes to the Consolidated
Financial Statements
174 Development of
fixed assets 2008
176 Development of
fixed assets 2007
178 General information
178 Accounting principles
180 Group of consolidated
companies
181 Key effects of changes to
the group of consolidated
companies on the opening
balance sheet for 2008
182 Consolidation principles
182 Foreign currency translation
183 Recognition and
measurement principles
189 Notes to the Income
Statement
196 Notes to the Balance Sheet
209 Additional disclosures
227 Events occurring subsequent
to the balance sheet date
228 Statement of Interests
held by the Audi Group
New or revised standards not applied
The following new or amended accounting standards already approved by the IASB were not
applied in the Consolidated Financial Statements for the 2008 fiscal year because their applica-
tion was not yet mandatory:
Standard/
Interpretation
Mandatory
effective 1) Endorsed by EU Anticipated effects
IFRS 1 First-time Adoption of
International Financial
Reporting Standards Jan. 1, 2010 No None
IFRS 1 /
IAS 27
Cost of an Investment in a
Subsidiary, Jointly Controlled
Entity or Associate Jan. 1, 2009 No None
IFRS 2 Share-based Payment – Vesting
Conditions and Cancellations Jan. 1, 2009 Yes None
IFRS 3 /
IAS 27
Business Combinations /
Consolidated and Separate
Financial Statements Jan. 1, 2010 No
Changed presentation of
corporate mergers
IFRS 8 Operating Segments Jan. 1, 2009 Yes Segment reporting
IAS 1 Presentation of Financial
Statements Jan. 1, 2009 Yes
Redefinition of the structure
of financial statements
IAS 1 / IAS 32 Puttable Financial Instruments and
Obligations Arising on Liquidation Jan. 1, 2009 No None
IAS 23 Borrowing Costs
Jan. 1, 2009 Yes
Minor increase in carrying
amount of qualifying assets
IAS 39 /
IFRS 7
Reclassification of Financial Assets
– Effective Date and Transition Jan. 1, 2009 No None
IAS 39 Exposures Qualifying for Hedge
Accounting Jan. 1, 2010 No None
Improvements to IFRSs 2)
J
an. 1, 2009 /
Jan. 1, 2010 No Not material
IFRIC 12 Service Concession Arrangements Jan. 1, 2009 No None
IFRIC 13 Customer Loyalty Programmes Jan. 1, 2009 Yes None
IFRIC 14 IAS 19 – The Limit on a Defined
Benefit Asset, Minimum Funding
Requirements and their Interaction Jan. 1, 2009 Yes Insignificant
IFRIC 15 Agreements for the Construction of
Real Estate Jan. 1, 2009 No None
IFRIC 16 Hedges of a Net Investment in a
Foreign Operation Jan. 1, 2009 No None
IFRIC 17 Distributions of Non-cash Assets to
Owners Jan. 1, 2010 No None
1) Mandatory first-time application from AUDI AG’s perspective
2) Minor amendments to various standards (IAS 1, IAS 8, IAS 10, IAS 16, IAS 18, IAS 19, IAS 20, IAS 23, IAS 27, IAS 28,
IAS 29, IAS 34, IAS 36, IAS 38, IAS 39, IAS 40, IAS 41)