Audi 2010 Annual Report Download - page 239

237
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
44 Related party disclosures
Related parties as defined in IAS 24 are:
– the parent company, Volkswagen AG, Wolfsburg, and its subsidiaries and main participating
interests outside the Audi Group,
– Porsche Automobil Holding SE, Stuttgart, and its affiliated companies and related par-
ties (the company’s voting interest in Volkswagen AG was 50.74 percent on December 31,
2010,
– other parties (individuals and companies) that could be affected by the reporting entity or that
could influence the reporting entity, such as
– the members of the Board of Management and Supervisory Board of AUDI AG,
– the members of the Board of Management and Supervisory Board of Volkswagen AG,
– associated companies,
– non-consolidated subsidiaries.
The volume of transactions with the parent company, Volkswagen AG, and with other subsidi-
aries that do not belong to the Audi Group is presented in the following overview:
EUR million 2010 2009
Sales and services supplied to
Volkswagen AG 3,586 4,078
Volkswagen AG subsidiaries and participating interests
not belonging to the Audi Group 7,860 6,147
Purchases and services received from
Volkswagen AG 5,156 4,427
Volkswagen AG subsidiaries and participating interests
not belonging to the Audi Group 2,804 2,088
Receivables from
Volkswagen AG 8,059 7,776
Volkswagen AG subsidiaries and participating interests
not belonging to the Audi Group 5,861 3,985
Liabilities to
Volkswagen AG 4,361 2,866
Volkswagen AG subsidiaries and participating interests
not belonging to the Audi Group 1,296 1,122
Contingent liabilities to
Volkswagen AG ––
Volkswagen AG subsidiaries and participating interests
not belonging to the Audi Group 68 131
Collateral posted with
Volkswagen AG ––
Volkswagen AG subsidiaries and participating interests
not belonging to the Audi Group 150 62
As of December 31, 2010, sales of receivables to Volkswagen AG subsidiaries not belonging to
the Audi Group amounted to EUR 2,290 (1,927) million.
The possibility of a claim arising from contingencies is not regarded as likely.
The extent of business relations between fully consolidated companies of the Audi Group and
non-consolidated subsidiaries and associated companies of AUDI AG as well as other related
parties is presented in the following tables:
EUR million 2010 2009 2010 2009
Goods and services supplied Goods and services received
Associated companies of AUDI AG 2,789 1,905 77 34
Non-consolidated subsidiaries of AUDI AG 227 562 86 103
Porsche companies 818 728 41 42