Audi 2012 Annual Report Download - page 210

213
Consolidated Financial
Statements
202 Income Statement
203 Statement of Recognized
Income and Expense
204 Balance Sheet
205 Cash Flow Statement
206 Statement of Changes in Equity
Notes to the Consolidated
Financial Statements
208 Development of fixed assets
in the 2012 fiscal year
210 Development of fixed assets
in the 2011 fiscal year
212 General information
212 Accounting principles
214 Group of consolidated
companies
216 Consolidation principles
217 Foreign currency translation
218 Recognition and
measurement principles
227 Notes to the Income Statement
233 Notes to the Balance Sheet
244 Additional disclosures
266 Events occurring subsequent to
the balance sheet date
267 Statement of Interests
held by the Audi Group
New or revised standards not applied
The following new or revised accounting standards already approved by the IASB were not ap-
plied in the Consolidated Financial Statements for the 2012 fiscal year because their application
was not yet mandatory:
Standard/Interpretation
Published by
the IASB
Mandatory
effective 1)
Endorsed by
EU until
Dec. 31, 2012 Effects
IFRS 1 Government Loans Mar. 13, 2012 Jan. 1, 2013 No None
IFRS 1 First-time Adoption – Severe
Hyperinflation and Removal
of Fixed Dates for First-time
Adopters
Dec. 20, 2010 Jan. 1, 2013 Yes None
IFRS 7 Financial Instruments –
Notes on Offsetting
Financial Assets and
Liabilities
Dec. 16, 2011 Jan. 1, 2013 Yes Extended notes on
offsetting of financial
instruments
IFRS 9 Financial Instruments:
Classification and
Measurement
Nov. 12, 2009/
Oct. 28, 2010
Jan. 1, 2015 2) No Modified reporting of fair
value changes relating to
financial instruments
previously categorized as
available for sale
IFRS 10 Consolidated Financial
Statements
May 12, 2011 Jan. 1, 2014 Yes None
IFRS 11 Joint Arrangements May 12, 2011 Jan. 1, 2014 Yes None
IFRS 12 Disclosures of Interests in
Other Entities
May 12, 2011 Jan. 1, 2014 Yes Extended notes on group
of companies
Transition Guidance on
IFRS 10, IFRS 11, IFRS 12
Jun. 28, 2012 Jan. 1, 2013 No No significant changes
Investment Entities
(Amendments to IFRS 10,
IFRS 12, IAS 27)
Oct. 31, 2012 Jan. 1, 2014 No None
IFRS 13 Fair Value Measurement May 12, 2011 Jan. 1, 2013 Yes Changes and extended
notes on fair value
measurements
IAS 1 Presentation of Items of
Other Comprehensive
Income
Jun. 16, 2011 Jan. 1, 2013 Yes Changed presentation of
other comprehensive
income
IAS 12 Deferred Taxes – Recovery of
Underlying Assets
Dec. 20, 2010 Jan. 1, 2013 Yes None
IAS 19 Employee Benefits Jun. 16, 2011 Jan. 1, 2013 Yes Changed presentation
and extended notes on
employee benefits
IAS 27 Separate Financial
Statements
May 12, 2011 Jan. 1, 2014 Yes None
IAS 28 Investments in Associates
and Joint Ventures
May 12, 2011 Jan. 1, 2014 Yes None
IAS 32 Financial Instruments:
Offsetting Financial Assets
and Liabilities
Dec. 16, 2011 Jan. 1, 2014 Yes No significant changes
IFRIC 20 Stripping Costs in the
Production Phase of a
Surface Mine
Oct. 19, 2011 Jan. 1, 2013 Yes None
Improvements to
International Financial
Reporting Standards 2011 3)
May 17, 2012 Jan. 1, 2013 No No significant changes
1) Mandatory first-time application from the perspective of AUDI AG
2) First-time application postponed from 2013 to 2015 by the Mandatory Effective Date Project
3) Minor revision to a variety of IFRS (IFRS 1, IAS 1, IAS 16, IAS 32, IAS 34)