Audi 2009 Annual Report Download - page 233

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The “Porsche companies” group brings together the business relationships with Porsche
Zwischenholding GmbH (Stuttgart), Dr. Ing. h. c. F. Porsche AG (Stuttgart), Porsche
Holding GmbH (Salzburg, Austria), and their subsidiaries.
No business relations existed with Porsche Automobil Holding SE (Stuttgart).
The “Porsche companies” and Porsche Automobil Holding SE were affiliated companies of the
Audi Group pursuant to IAS 27 and Section 271 of the German Commercial Code (HGB) from
January 5 to December 3, 2009. During this period the fully consolidated companies in the
Audi Group provided the “Porsche companies” with goods and services in the amount of
EUR 669 million; conversely, goods and services were procured in the amount of EUR 15 million.
All business transactions with related parties have been conducted on the basis of internation-
ally comparable uncontrolled price methods pursuant to IAS 24, according to the terms that
customarily apply to outside third parties. The goods and services procured from related parties
primarily include supplies for production and supplies of genuine parts, as well as development,
transportation, financial and distribution services and, to a lesser extent, design, training and
other services. Business transacted for related parties mainly comprises sales of new and used
cars, engines and components, and allocation of cash and cash equivalents in the form of loans,
fixed deposits and overnight deposits.
Members of the Boards of Management or Supervisory Boards of Volkswagen AG and AUDI AG
also belong to the supervisory or management boards of other companies with which the
Audi Group maintains business relations. All transactions with such companies are similarly
conducted according to the terms that customarily apply to outside third parties. In this connec-
tion, goods and services amounting to a total value of EUR 0.4 (0.3) were provided to the
German state of Lower Saxony and to companies in which the state of Lower Saxony holds a
majority stake.
A full list of the supervisory board mandates of members of the Board of Management and
Supervisory Board of AUDI AG is presented in the 2009 Annual Financial Statements of AUDI AG.
In the same manner, the service relationships with the members of the Boards of Management
and Supervisory Boards of Volkswagen AG and AUDI AG were conducted at arm’s length. As in
the previous year, the volume of transactions was low. Overall, services in the amount of EUR
572 (615) thousand were procured from this group of individuals during the reporting year, with
services in the amount of EUR 16 (106) thousand being rendered on the part of the Audi Group.
For details of the remuneration paid to the members of the Board of Management and Supervi-
sory Board of AUDI AG, please refer to Note 48, “Details relating to the Supervisory Board and
Board of Management.”
AUDI AG and its Group companies primarily deposit their cash funds with the Volkswagen Group
or take up cash funds from the Volkswagen Group. All transactions are processed under market
conditions.
45 Auditor’s fees
EUR thousand 2009 2008
Auditing of the financial statements 851 707
Other certification or valuation services 98 113
Tax consultancy services – 164
Other services 87 155
Total 1,035 1,139
Based on the requirements of commercial law, the auditor’s fees include auditing of the Con-
solidated Financial Statements and auditing of the annual financial statements of the domestic
subsidiaries.