Audi 2010 Annual Report Download - page 187

185
Consolidated Financial
Statements
184 Income Statement
185 Statement of Recognized
Income and Expense
186 Balance Sheet
187 Cash Flow Statement
188 Statement of Changes in Equity
Notes to the Consolidated
Financial Statements
190 Development of fixed assets
in the 2010 fiscal year
192 Development of fixed assets
in the 2009 fiscal year
194 General information
200 Recognition and
measurement principles
207 Notes to the Income Statement
214 Notes to the Balance Sheet
223 Additional disclosures
242 Events occurring subsequent
to the balance sheet date
243 Statement of Interests
held by the Audi Group
EUR million 2010 2009
Profit after tax 2,630 1,347
Securities available for sale
Changes in fair value recognized directly in equity without affecting income 15 16
Included in the Income Statement – 25 13
Cash flow hedges
Changes in fair value recognized directly in equity without affecting income – 402 163
Included in the Income Statement – 46 – 341
Currency translation differences
Changes recognized directly in equity without affecting income 31 6
Included in the Income Statement ––
Deferred tax items netted directly against equity 190 78
Actuarial gains and losses – 186 – 113
Income and expenditure after tax from equity-accounted investments
recognized directly in equity 19 – 1
Other result after tax – 404 – 178
Overall result 2,227 1,169
Attributable to AUDI AG stockholders 2,176 1,126
Attributable to minority interests 50 43
Of the overall result during the 2010 fiscal year, EUR – 402 million relates to changes in the fair
value of effective portions of cash flow hedges, primarily due to a change in the external value of
the euro as of December 31, 2010.
However, due to the effectiveness of the hedges, these negative changes in the fair value of cash
flow hedges exist alongside corresponding profit potential in almost the same amount from the
underlying transactions (vehicle sales, purchases of materials). This profit potential will not yet
be recognized as of December 31, 2010 and will only be incorporated into the Statement of
Recognized Income and Expense for future periods at the time of performance of the underlying
transactions.
The breakdown of the overall result between Audi stockholders and minority interests is as follows:
EUR million Audi stockholders Minority interests Total
2010 2009 2010 2009 2010 2009
Profit after tax 2,586 1,300 45 48 2,630 1,347
Securities available for sale – 10 29 ––– 10 29
Attributable deferred taxes 3– 8––3– 8
Cash flow hedges – 448 – 178 ––– 448 – 178
Attributable deferred taxes 132 53 ––132 53
Currency translation differences 25 10 6– 331 6
Actuarial gains and losses – 186 – 110 –– 2– 186 – 113
Attributable deferred taxes 55 33 –155 34
Investments accounted for using the equity
method after tax 19 – 1––19 – 1
Other result after tax – 410 – 174 6– 4– 404 – 178
Overall result 2,176 1,126 50 43 2,227 1,169
Statement of Recognized Income and Expense of the Audi Group