Audi 2012 Annual Report Download - page 240

243
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
218 Recognition and
measurement principles
227 Notes to the Income Statement
233 Notes to the Balance Sheet
238 Liabilities
244 Additional disclosures
266 Events occurring subsequent to
the balance sheet date
267 Statement of Interests
held by the Audi Group
33 Other provisions
EUR million Dec. 31, 2012 Dec. 31, 2011
Total
Of which due
within one
year Total
Of which due
within one
year
Obligations from sales operations 5,102 1,936 5,020 1,806
Workforce-related provisions 1,007 194 937 249
Other provisions 955 673 1,135 802
Total 7,064 2,803 7,092 2,858
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 retirement arrangements and proposals for improvements. The refund claims against the
German Federal Employment Agency as part of implementation of the partial retirement model
are reported under other assets (Note 21, “Other receivables”).
The other provisions include reserves for price and process risks.
Anticipated outflows from other provisions are 40 percent in the following year, 50 percent in
the years 2014 through 2017, and 10 percent thereafter.
The provisions developed as follows:
EUR million Jan. 1, 2012
Currency
differences
Changes in
the group of
consolidated
companies
Utili-
zation
Disso-
lution
Addi-
tion
Interest
effect from
measure-
ment Dec. 31, 2012
Obligations from
sales operations 5,020 – 28 – 23 1,319 361 1,731 83 5,102
Workforce-
related provisions 937 – 0 – 1197 19 189 97 1,007
Other provisions 1,135 – 0 26 411 163 358 11 955
Total 7,092 – 29 21,927 544 2,279 192 7,064
34 Trade payables
EUR million Dec. 31, 2012 Dec. 31, 2011
Trade payables to
third parties 3,402 3,383
affiliated companies 826 797
associated companies and participating interests 42 14
Total 4,270 4,193
The fair values of the trade payables correspond to the carrying amounts due to their short-term
nature.
The customary retention of title applies to liabilities from deliveries of goods.