Audi 2011 Annual Report Download - page 229

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In detail, the calculation of the retirement benefit obligation for staff employed in Germany is
based on the following actuarial assumptions:
% Dec. 31, 2011 Dec. 31, 2010
Remuneration trend 2.80 2.70
Retirement benefit trend 1.60 1.60
Discount rate 4.60 4.90
Staff turnover rate 1.00 1.00
Anticipated yield on plan assets 3.75 4.25
The “2005 G Reference Tables” published by HEUBECK-RICHTTAFELN-GmbH, Cologne, served as
the biometric basis for calculation of retirement benefits.
29 Effective income tax obligations
Effective income tax obligations consist primarily of tax liabilities to Volkswagen AG, Wolfsburg,
under allocation plans.
30 Other provisions
EUR million Dec. 31, 2011 Dec. 31, 2010
Total
Of which
due within
one year Total
Of which
due within
one year
Obligations from sales operations 5,020 1,806 4,651 1,459
Workforce-related provisions 937 249 570 194
Other provisions 1,135 802 901 702
Total 7,092 2,858 6,122 2,354
Obligations from sales operations primarily comprise warranty claims from the sale of vehicles,
components and genuine parts, including the disposal of end-of-life vehicles. Warranty claims
are determined on the basis of previous or estimated future loss experience. This item addition-
ally includes rebates, bonuses and similar discounts due to be granted and arising subsequent to
the balance sheet date but occasioned by revenue prior to the balance sheet date.
The workforce-related provisions are created for such purposes as service anniversary awards,
partial early retirement arrangements and proposals for improvements. The refund claims against
the German Federal Employment Agency as part of implementation of the partial early retirement
model are reported under other assets (Note 19, “Other receivables and other financial assets”).
The other provisions relate to various one-off obligations.
Anticipated outflows from other provisions are 40 percent in the following year, 50 percent in
the years 2013 through 2016 and 10 percent thereafter.
The provisions developed as follows:
EUR million Jan. 1, 2011
Currency
differences
Changes in
the group of
consolidated
companies
Utili-
zation
Disso-
lution
Addi-
tion
Interest
effect from
measure-
ment Dec. 31, 2011
Obligations from
sales operations 4,651 31 41,425 117 1,846 30 5,020
Workforce-related
provisions 570 1 0 146 21 531 2 937
Other provisions 901 6 0 113 140 479 2 1,135
Total 6,122 37 51,683 278 2,856 33 7,092