Audi 2008 Annual Report Download - page 222
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203
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
183 Recognition and
measurement principles
189 Notes to the Income
Statement
196 Notes to the Balance Sheet
200 Equity
203 Liabilities
209 Additional disclosures
227 Events occurring subsequent
to the balance sheet date
228 Statement of Interests
held by the Audi Group
The inventory as of January 1, 2008 amounted to 10,750 convertible bonds from the eighth
tranche. In the 2008 fiscal year, all 10,750 convertible bonds were converted at a weighted
average exercise price of EUR 2,073.00. The average weighted conversion price per convertible
bond (conversion price per ten equities) was EUR 640.54. On December 31, 2008 no further
convertible bonds from the stock option plan were held.
LIABILITIES
25 Financial liabilities
Non-current financial liabilities
EUR million Dec. 31, 2008 Dec. 31, 2007
Liabilities to banks 33
Liabilities from financial lease agreements –1
Total 34
Non-current financial liabilities having a time to maturity of more than five years amount to
EUR 1 (1) million. The carrying amounts correspond to the fair values.
Current financial liabilities
EUR million Dec. 31, 2008 Dec. 31, 2007
Liabilities to affiliated factoring companies 574 479
Loans from affiliated companies 62 34
Liabilities to banks 36 12
Liabilities from financial lease agreements 12
Total 673 527
Measurement of the non-current and current financial lease agreements is based on market
interest rates in each case.
The carrying amounts correspond to the fair values due to the short-term maturities.
26 Deferred tax liabilities
The temporary differences between tax bases and carrying amounts in the Consolidated Finan-
cial Statements are explained under “Deferred tax” in the recognition and measurement princi-
ples, and under Note 10, “Income tax expense.” Pursuant to IAS 1, deferred tax liabilities are
reported as non-current liabilities, irrespective of their maturities.