Audi 2011 Annual Report Download - page 243

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The adjusted figures for cash and cash equivalents pursuant to IAS 7 are EUR 5,961 million
(previously: EUR 10,724 million) as of December 31, 2010 and EUR 4,053 million (previously:
EUR 6,455 million) as of January 1, 2010; the figures for cash flow from investment activity
have been adjusted accordingly. Fixed deposits with a maturity of more than three months are
not classed as cash equivalents on the reporting date regardless of the maturity date. There is
no impact on gross or net liquidity.
Cash flow from operating activities in 2011 included payments for interest received amounting
to EUR 180 (98) million and for interest paid amounting to EUR 45 (19) million. In 2011, the
Audi Group received dividends and profit transfers totaling EUR 211 (173) million. The income
tax payments item substantially comprises payments made to Volkswagen AG, Wolfsburg, on the
basis of the single-entity relationship for tax purposes in Germany, as well as payments to for-
eign tax authorities.
Cash flow from investing activities includes capitalized development costs as well as additions
to other intangible assets, property, plant and equipment, long-term investments and non-current
loans extended. The proceeds from the disposal of assets, the proceeds from the sale of shares,
and the change in securities and fixed deposits are similarly reported in cash flow from investing
activities.
The acquisition of subsidiaries resulted in an outflow of EUR 37 (145) million, which includes
changes to cash and cash equivalents from first-time consolidations and capital increases in the
case of non-consolidated subsidiary companies. The acquisition of investments in other partici-
pating interests resulted in an outflow of EUR 27 (63) million.
Cash flow from financing activities includes cash used for the transfer of profit, as well as
changes in financial liabilities.
The changes in the Balance Sheet items that are presented in the Cash Flow Statement cannot
be derived directly from the Balance Sheet because the effects of currency translation and of
changes in the group of consolidated companies do not affect cash and are segregated.
EUR million Dec. 31, 2011 Dec. 31, 2010
Cash and cash equivalents as per Balance Sheet 8,513 10,724
Currently due fixed deposits – 3,838 – 4,763
Cash and cash equivalents as per Cash Flow Statement (bank assets
and cash deposits with maturities of no more than three months) 4,675 5,961
36 Contingencies
Contingencies are unrecognized contingent liabilities whose amount corresponds to the maximum
possible use as of the balance sheet date.
EUR million Dec. 31, 2011 Dec. 31, 2010
Liabilities from guarantees 61 39
Furnishing of collateral for outside liabilities 70 49
Total 131 89
37 Litigation
Neither AUDI AG nor any of its Group companies are involved in ongoing or prospective legal or
arbitration proceedings which could have a significant influence on their economic position.
Appropriate provisions have been created within each Group company, or adequate insurance
benefits are anticipated, for potential financial charges resulting from other legal or arbitrational
proceedings.