Audi 2008 Annual Report Download - page 200

181
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
On the basis of this interest, the following values are attributable to the Audi Group:
EUR million 2008 2007
Non-current assets 158 115
Current assets 390 194
Non-current liabilities 29 126
Current liabilities 367 183
Revenues 886 596
Net profit for the period 57 48
KEY EFFECTS OF CHANGES TO THE GROUP OF CONSOLIDATED
COMPANIES ON THE OPENING BALANCE SHEET FOR 2008
The initial consolidation of AUDI BRUSSELS S.A./N.V. (Brussels, Belgium) was carried out in
accordance with the predecessor method. As a result of the company being consolidated for the
first time, there were the following effects on the Audi Group’s opening balance sheet as of
January 1, 2008:
EUR million
Non-current assets 207
Current assets 362
of which inventories 39
Equity 289
Non-current liabilities 43
Current liabilities 237
Balance sheet total 569
The effect on the opening balance sheet due to the inclusion of the other companies that were
consolidated for the first time as of January 1, 2008 – Audi Zentrum Hamburg GmbH (Hamburg)
and Audi Zentrum Berlin-Charlottenburg GmbH & Co. KG (Berlin) – amounts to EUR 54 million.
The carrying amounts correspond to the fair values.
Revenue increased by EUR 525 million overall as a result of the first-time consolidations during
the 2008 fiscal year. In terms of the Group’s profit before tax, the inclusion of the companies in
the consolidated figures had a positive impact of EUR 18 million.
The sale of AUDI DO BRASIL E CIA. (Curitiba, Brazil) to Volkswagen do Brasil Indústria de
Veículos Automotores Ltda. (São Bernardo do Campo, Brazil) resulted in capital gains of
EUR 103 million. As part of these selling activities, the following main groups of assets and
liabilities were disposed of:
EUR million
Non-current assets 70
Current assets 3
of which cash and cash equivalents 3
Non-current liabilities 1
Current liabilities –
The carrying amount of the non-current assets that were sold also includes an investment in a
Brazilian partnership in the amount of EUR 70 million.