Audi 2010 Annual Report Download - page 211

209
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
9 Other financial results
EUR million 2010 2009
Investment result 49 21
of which income from investments 45 45
of which income from profit transfer agreements 55
of which expenses from the transfer of losses 0– 20
of which expenses from investments – 1– 9
Net income from the sale of securities – 3– 18
Income and expense from the measurement of non-derivative financial
instruments 2– 3
Income and expense from fair value measurement of derivative financial
instruments – 98 106
Interest and similar income 157 274
of which from affiliated companies 99 235
Other income 261 103
of which from affiliated companies 261 103
Total other financial results 368 483
Income from investments primarily relates to a share in the profits of Volkswagen Logistics
GmbH & Co. OHG, Wolfsburg.
Income and expense from the fair value measurement of derivative financial instruments comprise
the ineffective portions of cash flow hedges and the fluctuations in the fair value of derivative
financial instruments that do not fully meet the effectiveness criteria set out under IAS 39. The
total position in relation to hedging instruments is presented under Note 34.4, “Methods of
monitoring the effectiveness of hedging relationships.”
Interest income is attributed on an accrual basis.
10 Income tax expense
Income tax expense includes taxes passed on by Volkswagen AG, Wolfsburg, on the basis of the
single-entity relationship between the two companies for tax purposes, along with taxes owed
by AUDI AG and its consolidated subsidiaries, as well as deferred taxes.
Tax expense consists of the following:
EUR million 2010 2009
Actual income tax expense 1,356 789
of which for Germany 1,174 680
of which for other countries 182 109
of which income from the reversal of tax provisions – 22 – 6
Deferred tax income – 352 – 208
of which for Germany – 171 – 185
of which for other countries – 181 – 23
Income tax expense 1,004 581
of which non-periodic tax expenses 015