Audi 2010 Annual Report Download - page 240

238
EUR million Dec. 31, 2010 Dec. 31, 2009 Dec. 31, 2010 Dec. 31, 2009
Receivables from Liabilities to
Associated companies of AUDI AG 169 352 123 71
Non-consolidated subsidiaries of AUDI AG 39 111 48 28
Porsche companies 10 9 2 3
The “Porsche companies” group encompasses the business relationships with Porsche Holding
GmbH, Salzburg (Austria), and its subsidiaries. No business relations existed with Porsche
Automobil Holding SE (Stuttgart).
All business transactions with related parties have been conducted on the basis of internation-
ally comparable uncontrolled price methods pursuant to IAS 24, according to the terms that
customarily apply to outside third parties. The goods and services procured from related parties
primarily include supplies for production and supplies of genuine parts, as well as development,
transportation, financial and distribution services, and, to a lesser extent, design, training and
other services. Business transacted for related parties mainly comprises sales of new and used
cars, engines and components, and allocation of cash and cash equivalents in the form of loans,
fixed deposits and overnight deposits.
Members of the Boards of Management or Supervisory Boards of Volkswagen AG and AUDI AG also
belong to the supervisory or management boards of other companies with which the Audi Group
maintains business relations. All transactions with such companies are similarly conducted accord-
ing to the terms that customarily apply to outside third parties. In this connection, goods and
services amounting to a total value of EUR 200 (418) thousand were provided to the German
state of Lower Saxony and to companies in which the state of Lower Saxony holds a majority
stake.
A full list of the supervisory board mandates of members of the Board of Management and Super-
visory Board of AUDI AG is presented in the 2010 Annual Financial Report of AUDI AG.
In the same manner, the service relationships with the members of the Boards of Management
and Supervisory Boards of Volkswagen AG and AUDI AG were conducted at arm’s length. As in
the previous year, the volume of transactions was low. Overall, services in the amount of EUR
443 (572) thousand were procured from this group of individuals during the reporting year, with
services in the amount of EUR 23 (16) thousand being rendered on the part of the Audi Group.
For details of the remuneration paid to the members of the Board of Management and Super-
visory Board of AUDI AG, please refer to Note 48, “Details relating to the Supervisory Board and
Board of Management.”
AUDI AG and its Group companies primarily deposit their cash funds with the Volkswagen Group
or take up cash funds from the Volkswagen Group. All transactions are processed under market
conditions.
45 Auditor’s fees
EUR thousand 2010 2009
Auditing of the financial statements 732 851
Other certification or valuation services 169 98
Tax consultancy services 87 –
Other services 103 87
Total 1,091 1,035
Based on the requirements of commercial law, the auditor’s fees include auditing of the Consoli-
dated Financial Statements and auditing of the annual financial statements of the domestic
consolidated companies.
46 Segment reporting
The segmentation of business activities is based on the internal management of the Company in
accordance with IFRS 8.