Audi 2011 Annual Report Download - page 165

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FINANCIAL POSITION
Thanks to the Company’s positive development, the Audi Group enjoyed an increase in cash flow
from operating activities to EUR 6,295 (5,797) million in 2011.
Over the same period the cash used in investing activities for current operations reached EUR
2,905 (2,260) million. Of this amount, a sum of EUR 2,167 (1,362) million was invested in
property, plant and equipment. Alongside spending on new products and the further development
of pioneering drive technologies such as electrification, the investment focus was on increasing
expertise in lightweight construction. Taking account of cash deposits in the form of securities
as well as the rise in fixed deposits and loans extended, the cash used in investing activities
totaled EUR 6,911 (3,306) million.
As in previous years, the Audi Group financed capital investments entirely from its own resources
and in addition generated a healthy surplus. The net cash flow of EUR 3,390 (3,536) million
therefore highlights its sustained financial strength.
The net liquidity at year-end thus increased to EUR 15,716 (13,383) million compared with the
previous year.
As of December 31, 2011 the other financial obligations, which largely comprise ordering
commitments, amounted to EUR 2,944 (2,192) million. Further information is provided in
Section 39 of the Notes: “Other financial obligations.”
SOCIAL AND ECOLOGICAL ASPECTS
EMPLOYEES
Workforce
Average for the year 2011 2010
Domestic companies 47,182 45,914
of which:
AUDI AG 45,386 44,299
Ingolstadt plant 32,165 31,344
Neckarsulm plant 13,221 12,955
Foreign companies 13,017 11,038
of which:
AUDI BRUSSELS S.A./N.V. 2,361 2,145
AUDI HUNGARIA MOTOR Kft. 6,932 5,833
Automobili Lamborghini S.p.A. 831 803
VOLKSWAGEN GROUP ITALIA S.P.A. 897 883
Employees 60,199 56,952
Apprentices 2,322 2,269
Employees of Audi Group companies 62,521 59,221
Staff employed from other Volkswagen Group companies
not belonging to the Audi Group 285 292
Workforce 62,806 59,513
The Audi Group employed an average of 62,806 (59,513) people in fiscal 2011. At year-end, the
workforce had increased to a total of 63,839 (60,395) employees.
Alongside recruitment at AUDI AG and temporary workers taken on permanently at AUDI
BRUSSELS S.A./N.V., Brussels (Belgium), the substantial year-on-year rise is mainly due to a
higher personnel total at AUDI HUNGARIA MOTOR Kft., Győr (Hungary), to handle its increased
production volume and following the expansion of that plant.