Audi 2012 Annual Report Download - page 259

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49 Segment reporting
The segmentation of business activities is based on the internal management of the Company in
accordance with IFRS 8. The decision-making body for both segments with regard to the allocation
of resources and the valuation of profitability is the full Board of Management.
The Audi Group focuses its economic activities on the Automotive and Motorcycles segments,
both of which are subject to reporting requirements. Whilst the Motorcycles segment can be
considered to be immaterial pursuant to IFRS 8, it is reported here as a segment in its own right
for information purposes.
The activities of the Automotive segment encompass the development, production, assembly
and distribution of vehicles of the Audi and Lamborghini brands, and vehicles of other brands in
the Volkswagen Group.
The activities of the new Motorcycles segment, created with the first-time consolidation of the
Ducati Group in the 2012 fiscal year, include the development, production, assembly and distri-
bution of Ducati brand motorcycles, including accessories and spare parts.
As a general rule, the segment reporting is based on the same reporting, accounting and measure-
ment methods as applied to the Consolidated Financial Statements. Business relations between
the companies of the segments in the Audi Group are generally based on the same prices as those
agreed with third parties. Consolidation between the segments is carried out in the Reconciliation
column. The central performance and management key figure for the two segments Automotive
and Motorcycles is “Operating profit.”
Internal reporting corresponds to external IFRS reporting. The full Board of Management regularly
monitors, among others, the following financial and economic key figures:
Reporting segments
EUR million 2012
Reporting segments Automotive Motorcycles Reconciliation Audi Group
Revenue with external third parties 48,562 209 – 48,771
Revenue with other segments – 0 – 0 –
Revenue 48,562 209 – 0 48,771
Depreciation – 1,884 – 50 – – 1,934
Impairment losses – 3 – – – 3
Reversal of impairment losses 20 –– 20
Segment profit (operating profit) 5,421 – 41 – 5,380
Result from investments accounted
for using the equity method 415 –– 415
Net interest and other financial results 162 – 1– 162
Investments accounted
for using the equity method 3,638 –– 3,638
Investments in property, plant and
equipment and intangible assets 3,227 30 – 3,257
During the previous year, the Audi Group focused its economic activities exclusively on the
Automotive segment. As a result, both internal reporting and the voting, management and
decision-making processes at the level of the full Board of Management were geared toward
the Audi Group as a corporate unit in the sense of a single-segment structure focused on the
Automotive segment. There was therefore no further segmentation of the Group as defined
in IFRS 8.