Audi 2010 Annual Report Download - page 213

211
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
Reconciliation of anticipated and reported income tax expense
The anticipated tax expense is higher than the reported tax expense. The reasons for the differ-
ence between the anticipated and the reported tax expense can be found in the reconciliation
accounts as follows:
EUR million 2010 2009
Profit before tax 3,634 1,928
Anticipated income tax expense 29.5 % (29.5 %) 1,072 569
Reconciliation:
Divergent foreign tax burden – 38 – 2
Tax portion for:
tax-exempt income – 277 – 123
expenses not deductible for tax purposes 27 18
temporary differences and losses for which no deferred tax has been recorded 207 132
Non-periodic tax expenses 015
Effects of tax rate changes 34 2
Other tax effects – 21 – 30
Income tax expense reported 1,004 581
Effective tax rate in % 27.6 30.1
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 190 (78) million was record-
ed with a resulting increase in equity, without influencing the Income Statement. The individual
effects are shown below:
EUR million Dec. 31, 2010 Dec. 31, 2009
Profit
before
tax Taxes Profit after tax
Profit
before
tax Taxes Profit after tax
Foreign currency translation differences 31 –31 6 – 6
Actuarial gains and losses – 186 55 – 131 – 113 34 – 79
Cash flow hedges – 448 132 – 316 – 178 53 – 126
Available-for-sale financial assets
(securities) – 10 3 – 729 – 820
Income and expenditure after tax from
equity-accounted companies recognized
directly in equity 19 –19 – 1 – – 1
Income (+) and expenditure (–)
recognized directly in equity – 594 190 – 404 – 256 78 – 178