Audi 2011 Annual Report Download - page 244

241
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
38 Change of control agreements
Change of control clauses are contractual agreements between a company and third parties to
provide for legal succession should there be a direct or indirect change in the ownership struc-
ture of any party to the contract.
The main contractual agreements between the Audi Group and third parties do not contain any
change of control clauses in the event of a change in the ownership structure of AUDI AG or its
subsidiaries.
39 Other financial obligations
EUR million Due Dec. 31, 2011 Due Dec. 31, 2010
Within
1 year
1 to
5 years
Over
5 years Total
Over
1 year Total
Ordering commitments for
property, plant and equipment 1,145 365 –1,511 465 1,309
intangible assets 165 45 –210 22 158
Commitments from long-term
rental and lease agreements 67 214 161 442 240 295
Miscellaneous financial obligations 391 360 30 781 302 431
Total 1,769 984 191 2,944 1,028 2,192
Supply contracts are in place for series production material. Binding orders are placed and con-
tracts are activated for the material as such material is needed on the basis of the detailed pro-
duction and sales schedule.
40 Discontinued operations
There are no plans to discontinue or cease operations as defined by IFRS 5.
41 Cost of materials
EUR million 2011 2010
Raw materials and consumables used, as well as purchased goods 26,334 19,665
Purchased services 2,259 2,137
Total 28,594 21,802
42 Personnel costs
EUR million 2011 2010
Wages and salaries 4,289 3,573
Social insurance and expenses for retirement benefits and support
payments 787 701
of which relating to retirement benefit plans 88 88
of which defined contribution pension plans 281 269
Total 5,076 4,274
Subsidies from the German Federal Employment Agency in the amount of EUR 21 (5) million
were recognized in other operating income. The subsidies are paid in accordance with the condi-
tions defined in the German Law on Partial Early Retirement.