Audi 2009 Annual Report Download - page 202

199
Consolidated Financial
Statements
178 Income Statement
179 Statement of Recognized
Income and Expense
180 Balance Sheet
181 Cash Flow Statement
182 Statement of Changes in Equity
Notes to the Consolidated
Financial Statements
184 Development of fixed assets
in the 2009 fiscal year
186 Development of fixed assets
in the 2008 fiscal year
188 General information
192 Recognition and
measurement principles
192 Recognition of income
and expenses
193 Intangible assets
193 Property, plant
and equipment
194 Investment property
194 Investments accounted for
using the equity method
194 Impairment tests
195 Financial instruments
197 Other receivables and
financial assets
197 Deferred tax
197 Inventories
198 Securities, cash and
cash equivalents
198 Provisions for pensions
198 Other provisions
198 Management’s estimates
and assessments
199 Notes to the Income Statement
205 Notes to the Balance Sheet
215 Additional disclosures
236 Events occurring subsequent
to the balance sheet date
237 Statement of Interests
held by the Audi Group
The assumptions and estimates are based on premises that reflect the facts as known at any
given time. It cannot yet be forecast with any certainty how lasting the current economic recov-
ery will be. And it is only possible to a limited extent to predict the further development of the
key car markets, meaning that developments beyond the management’s sphere of influence
may result in differences between the actual amounts and the estimates originally anticipated.
If the actual development varies from the anticipated development, the premises and, if neces-
sary, the carrying amounts for the assets and liabilities in question are adjusted accordingly.
NOTES TO THE INCOME STATEMENT
1Revenue
The composition of the revenue of the Group, by brand, is as follows:
EUR million 2009 2008
Audi brand 22,652 25,534
Lamborghini brand 227 404
Other Volkswagen Group brands 2,707 3,230
Vehicle sales 25,586 29,168
Other car business 4,254 5,028
Revenue 29,840 34,196
Vehicle revenue includes proceeds from the Audi Group from the sale of vehicles of the Audi and
Lamborghini brands as well as of other brands of the Volkswagen Group.
Revenue from other car business primarily includes proceeds from the sale of engines and genu-
ine parts as well as proceeds of AUDI BRUSSELS S.A./N.V. (Brussels, Belgium), deriving from the
contract manufacture of VW Polo vehicles for Volkswagen AG.
2Cost of sales
Amounting to EUR 25,649 (28,848) million, cost of sales comprises the costs incurred in gener-
ating revenue and purchase prices in trading transactions. This item also includes expenses
resulting from the formation of provisions for warranty costs, for development costs that cannot
be capitalized, for scheduled and unscheduled amortization of capitalized development costs,
and for property, plant and equipment for manufacturing purposes.
The impairment losses were recorded on the basis of updated impairment tests and took par-
ticular account of market risks and exchange rate risks.
3Distribution costs
Distribution costs of EUR 3,138 (3,240) million substantially comprise labor and materials costs
for marketing and sales promotion, advertising, public relations activities and outward freight,
as well as depreciation attributable to the sales organization.
4Administrative expenses
Administrative expenses of EUR 301 (302) million include labor and materials costs, as well as
depreciation attributable to administrative operations.