Audi 2011 Annual Report Download - page 192

189
Consolidated Financial
Statements
188 Income Statement
189 Statement of Recognized
Income and Expense
190 Balance Sheet
191 Cash Flow Statement
192 Statement of Changes in Equity
Notes to the Consolidated
Financial Statements
194 Development of fixed assets
in the 2011 fiscal year
196 Development of fixed assets
in the 2010 fiscal year
198 General information
204 Recognition and
measurement principles
212 Notes to the Income Statement
218 Notes to the Balance Sheet
227 Additional disclosures
248 Events occurring subsequent
to the balance sheet date
249 Statement of Interests
held by the Audi Group
EUR million Audi stockholders Minority interests Total
2011 2010 2011 2010 2011 2010
Profit after tax 4,389 2,586 51 45 4,440 2,630
Actuarial gains and losses (pensions) before tax – 143 – 186 ––– 143 – 186
Deferred taxes on actuarial gains and losses 42 55 ––42 55
Actuarial gains and losses (pensions) after tax – 101 – 131 ––– 101 – 131
Currency translation differences before tax
Changes recognized directly in equity without
affecting income 11 25 9620 31
Currency translation differences after tax 11 25 9620 31
Cash flow hedges before tax
Changes in fair value recognized directly in equity
without affecting income – 890 – 402 ––– 890 – 402
Included in the Income Statement – 55 – 46 ––– 55 – 46
Deferred taxes on cash flow hedges 279 132 ––279 132
Cash flow hedges after tax – 666 – 316 ––– 666 – 316
Securities available for sale before tax
Changes in fair value recognized directly in
equity without affecting income 11 15 ––11 15
Included in the Income Statement 3– 25 ––3– 25
Deferred taxes on securities available for sale – 43––– 43
Securities available for sale after tax 10 – 7––10 – 7
Income and expenditure after tax from equity-
accounted investments recognized directly in equity 23 19 ––23 19
Total other result before tax – 1,040 – 600 96– 1,030 – 594
Total deferred taxes on other result 317 190 ––317 190
Total other result after tax – 723 – 410 96– 714 – 404
Overall result 3,666 2,176 60 50 3,726 2,227
Changes in the fair value of effective portions of cash flow hedges, primarily due to a change in
the external value of the euro as of December 31, 2011, had a negative impact of
EUR 890 million on the overall result in the 2011 fiscal year.
However, due to the effectiveness of the hedges, these negative changes in the fair value of cash
flow hedges exist alongside corresponding profit potential in almost the same amount from the
underlying transactions (vehicle sales). This profit potential will not yet be recognized as of
December 31, 2011 and will only be incorporated into the Statement of Recognized Income and
Expense for future periods at the time of performance of the underlying transactions.
Statement of Recognized Income and Expense of the Audi Group