Audi 2010 Annual Report Download - page 197

195
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
194 Accounting principles
196 Group of consolidated
companies
198 Consolidation principles
199 Foreign currency translation
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
The following standards and interpretations were also applied for the first time during the cur-
rent fiscal year without this having any major impact on the presentation of the Consolidated
Financial Statements.
– IFRS 1: First-time Adoption of IFRS (revised)
– IFRS 1: Additional Exceptions for First-time Adopters
– IFRS 1/IFRS 5: Improvement of 2008 International Financial Reporting Standards
– IFRS 2: Group Cash-settled Share-based Payment Transactions
– IFRS 39/IFRS 7: Reclassification of Financial Assets – Effective Date and Transition
– IAS 39: Eligible Hedged Items – Changes to IAS 39
– Improvements to the 2009 International Financial Reporting Standards – Minor changes to a
variety of standards (IFRS 2, IFRS 5, IAS 1, IAS 7, IAS 17, IAS 18, IAS 36, IAS 38, IAS 39,
IFRIC 9, IFRIC 16) and resulting changes
– IFRIC 12: Service Concession Arrangements
– IFRIC 15: Agreements for the Construction of Real Estate
– IFRIC 16: Hedge of a Net Investment in a Foreign Operation
– IFRIC 17: Distribution of Non-cash Assets to Owners
– IFRIC 18: Transfers of Assets from Customers
New or revised standards not applied
The following new or revised accounting standards already approved by the IASB were not ap-
plied in the Consolidated Financial Statements for the 2010 fiscal year because their application
was not yet mandatory:
Standard/Interpretation Published by the IASB Mandatory effective 1)
Endorsed by
EU 2) Effects
IFRS 1 Limited Exemption from
Capital Comparative IFRS 7
Disclosures for First-time
Adopters
Jan. 28, 2010 Jan. 1, 2011 Yes None
IFRS 1 Hyperinflation and Fixed
Changeover Date Dec. 20, 2010 Jan. 1, 2012 No None
IFRS 7 Disclosures on Transfer of
Financial Instruments in
the Notes
Jan. 7, 2009 Jan. 1, 2012 No Extended disclosures on
transfer of financial
instruments in the Notes
IFRS 9 Financial Instruments:
Classification and
Measurement
Nov. 12, 2009/
Oct. 28, 2010 Jan. 1, 2013 No Modified reporting of fair value changes relating to
financial instruments
previously classed as
available for sale
IAS 12 Deferred Taxes – Realization
of the Carrying Amount of
an Asset
Dec. 20, 2010 Jan. 1, 2012 No No significant changes
IAS 24 Related Party Disclosures Nov. 4, 2009 Jan. 1, 2011 Yes Simplification of reporting
to public institutions and
their subsidiaries
IAS 32 Classification of Rights
Issues Oct. 8, 2009 Jan. 1, 2011 Yes None
Improvement of 2010
International Financial
Reporting Standards 3)
May 6, 2010 Jan. 1, 2011 No Change to disclosures on
financial instruments in
the Notes
IFRIC 14 Advance Payments as part
of Minimum Funding
Requirements
Nov. 26, 2009 Jan. 1, 2011 Yes None
IFRIC 19 Extinguishing Financial
Liabilities with Equity
Instruments
Nov. 26, 2009 Jan. 1, 2011 Yes None
1) Mandatory first-time application from AUDI AG’s perspective
2) By December 31, 2010
3) Minor changes to a variety of standards and interpretations (IFRS 1, IFRS 3, IFRS 7, IAS 1, IAS 27, IAS 34, IFRIC 13) and
resulting changes