Audi 2010 Annual Report Download - page 242

240
EUR million 2010 2009
Audi brand 27,423 22,652
Lamborghini brand 227 227
Volkswagen brand 2,611 2,281
SEAT brand 189 218
Škoda brand 235 197
Bentley brand 11 11
Vehicle sales 30,697 25,586
Other car business 4,744 4,254
Revenue 35,441 29,840
The Audi Group, through Volkswagen AG, Wolfsburg, and also through the affiliated companies
of the VW Group, has key accounts with whom there exists a relationship of dependence:
Revenue with key accounts 2010 2009
EUR million % EUR million %
Volkswagen AG, Wolfsburg 3,156 8.9 3,350 11.2
Affiliated companies of the Volkswagen Group excluding
fully consolidated companies of the Audi Group 7,747 21.9 6,356 21.3
The Audi Group’s revenue was generated in the following regions:
Sales revenues by region 2010 2009
EUR million % EUR million %
Germany 8,546 24.1 8,727 29.2
Rest of Europe 15,017 42.4 13,176 44.2
Asia-Pacific 7,044 19.9 4,650 15.6
North America 4,125 11.6 2,856 9.6
Africa 337 1.0 240 0.8
South America 371 1.0 193 0.6
Total 35,441 100.0 29,840 100.0
47 German Corporate Governance Code
The Board of Management and Supervisory Board of AUDI AG submitted the declaration pur-
suant to Section 161 of the German Stock Corporation Act relating to the German Corporate
Governance Code on November 29, 2010, and made it permanently accessible on the Internet at
www.audi.com/cgk-declaration.
48 Details relating to the Supervisory Board and Board of Management
The remuneration paid to members of the Board of Management complies with the legal re-
quirements as well as with the recommendations of the German Corporate Governance Code.
The total short-term remuneration comprises fixed and variable components. The fixed compo-
nents assure a base remuneration that enables the members of the Board of Management to
execute their duties conscientiously and in the best interests of the Company, without becoming
dependent upon the attainment of short-term targets. Conversely, variable components that are
contingent on the economic position of the Company reconcile the interests of the Board of
Management with those of the other stakeholders.
The remuneration paid to members of the Board of Management for the 2010 fiscal year was
EUR 10,136 (7,547) thousand, of which EUR 6,875 (4,525) thousand related to variable com-
ponents. Fixed components paid to the members of the Board of Management in the 2010 fiscal
year totaled EUR 3,261 (3,022) thousand. Disclosure of the remuneration paid to each individ-
ual member of the Board of Management, by name, pursuant to Section 314, Para. 1, No. 6a),
Sentences 5 to 9 of the German Commercial Code has not been effected, as the 2006 Annual
General Meeting adopted a corresponding resolution that is valid for a period of five years.
In addition to fixed payments in cash, there are varying levels of contributions in kind, including,
in particular, the use of company cars.