Audi 2009 Annual Report Download - page 206

203
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
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
Tax effects in relation to income and expense recognized directly in equity
Of the deferred taxes reported in the Balance Sheet, a total of EUR 78 (11) million was recorded
with a resulting increase in equity, without influencing the Income Statement. The individual
effects are shown below:
EUR million Dec. 31, 2009 Dec. 31, 2008
Profit
before
tax Taxes Profit after tax
Profit
before
tax Taxes Profit after tax
Foreign currency translation differences 6 – 6 9–9
Actuarial gains and losses (pensions) – 113 34 – 79 57 – 17 40
Cash flow hedges – 178 53 – 126 – 77 23 – 54
Available-for-sale financial assets
(securities) 29 – 820 – 16 5 – 11
Income and expenditure after tax from
equity-accounted companies recognized
directly in equity – 1 – – 117 –17
Income (+) and expenditure (–)
recognized directly in equity – 256 78 – 178 – 10 11 1
11 Profit transfer to Volkswagen AG
The amount of EUR 1,172 (1,230) million will be transferred to Volkswagen AG (Wolfsburg)
under the profit transfer agreement with AUDI AG.
12 Earnings per share
Basic earnings per share are calculated by dividing the share of profit due to AUDI AG stock-
holders by the weighted average number of shares in circulation during the fiscal year.
In the case of AUDI AG, the diluted earnings per share are the same as the basic earnings per
share, since there were no potential shares of AUDI AG in existence at either December 31, 2009
or December 31, 2008.
2009 2008
Profit share of AUDI AG stockholders (EUR million) 1,300 2,178
Weighted average number of shares
(basic and diluted totals are identical) 43,000,000 43,000,000
Earnings per share in EUR 30.23 50.66
Outside stockholders of AUDI AG will receive a compensatory payment for each no-par share in
lieu of a dividend for the 2009 fiscal year. The level of this payment corresponds to the dividend
that is paid on one ordinary share of Volkswagen AG (Wolfsburg). The dividend payment will be
resolved by the Annual General Meeting of Volkswagen AG on April 22, 2010.
13 Additional disclosures on financial instruments in the Income Statement
Categories
Financial instruments are categorized as follows in accordance with IFRS 7:
–measured at fair value,
–measured at amortized cost,
–not under the scope of IFRS 7.
Those financial instruments not within the scope of IFRS 7 are investments accounted for using
the equity method, which are neither financial instruments as defined in IAS 39 nor financial
instruments as defined in IFRS 7.