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How feels tomorrow??
2013
Annual Report

Table of contents

  • Page 1
    2013 Annual Report How feels tomorrow ?

  • Page 2
    PHOTOS : Hubertus Hamm

  • Page 3
    The technologies of the future are intelligent systems that adapt perfectly to different situations. Like our Audi Matrix LED headlights.

  • Page 4

  • Page 5
    For more than 33 years, it has stood for a dynamic and safe driving sensation - and is always reinventing itself. Our quattro drive.

  • Page 6
    Smart, informative and focused on the driver. The Audi virtual cockpit allows you to experience Vorsprung durch Technik.

  • Page 7

  • Page 8
    Zero local emissions and an impressive range. With tron technologies we are shaping the transition to sustainable mobility. Without any compromises.

  • Page 9
    We feel tomorrow.

  • Page 10
    ... ideas will we use to shape the future? CONTENTS 010 01 ...LIGHT Making light work of it New materials, sustainable production processes. That's the Audi lightweight construction principle. // 022 ...FORWARD Time for a one-two 02 Prof. Rupert Stadler, Chairman of the Board of Management of AUDI...

  • Page 11
    ... 08 Feeling the market Axel Strotbek, Member of the Board of Management of AUDI AG for Finance and Organization, and renowned economist Prof. Markus Brunnermeier discuss courage, opportunities and trends. // 074 ...WORLDWIDE 09 We are family The integration program for impatriates helps them to...

  • Page 12
    ... the development of the Audi R18 e-tron quattro for the 2014 season, the most complex Audi endurance race car of all time. // 106 ...ITALIAN La passione rossa 15 ...HARD 16 The Ducati management team traveled to their first joint Audi Management Conference in Munich on two wheels. // 116...

  • Page 13
    ... world of the Audi Annual Report on the website www.audi.com/ar2013 or using the apps for iPad® and Windows 8. Motorsport special Take another look back at the highlights of the Audi motorsport season, such as Mike Rockenfeller's victory in the DTM or the 12th win at the 24 Hours of Le Mans. Audi...

  • Page 14
    ... in the premium segment in China. years of partnership deliveries In 2013, the Audi brand achieved a new all-time best in delivering 1,575,480 cars, breaking its own record in more than 40 markets. This represented an increase of 8.3 percent worldwide. Audi's three main international markets were...

  • Page 15
    ...in 2013, steering our Company along a clear course through a challenging market environment. For the first time ever, last year saw us deliver over 1.5 million cars with the four rings to customers - two years earlier than planned. And with new models such as the Audi A3 Sedan, innovative technology...

  • Page 16
    ...into an automotive plant that now covers every stage of the process chain. In addition, construction work on the new car plant in San José Chiapa (Mexico) is making good progress ; the successor to the Audi Q5 will be built there from 2016. Audi will also resume production activities in Brazil from...

  • Page 17
    ... Board awarded the audit assignment to the auditing firm after its election. The auditor of the accounts confirmed the Annual Financial Statements of AUDI AG, the Consolidated Financial Statements as well as the Combined Management Report of the Audi Group and AUDI AG for the 2013 fiscal year...

  • Page 18
    The Board of Management The Board of Management of AUDI AG in Die Neue Sammlung, the design museum in Munich's Pinakothek der Moderne. This is where the Audi design wall was unveiled during a ceremony in September 2013. 1,763 miniature models of the Urquattro, the original Audi quattro, surround the...

  • Page 19
    Prof. Rupert Stadler / Chairman of the Board of Management Luca de Meo / Marketing and Sales Dr. Bernd Martens / Procurement Dr.-Ing. Frank Dreves / Production

  • Page 20
    PHOTO : Getty Images

  • Page 21
    01 02 03 Innovations that make a statement for the next generation. Which ideas will we use to shape the future? THINK ...04 05

  • Page 22
    Fuel consumption and emission figures at the end of the Annual Report PHOTO : AUDI AG

  • Page 23
    ... HINK LIGHT Making light work of it It is no longer enough to just weigh less. Efficient lightweight construction is based on the use of innovative materials and sustainable production processes. That is Audi. That is the idea behind the lightweight construction principle. Lightness isn't just good...

  • Page 24
    ... then slowed again. The driving experience is consequently more dynamic. In the words of Claus Haverkamp, Head of Body Concepts and Lightweight Technology at PHOTOS : AUDI AG the Audi Lightweight Design Center, "Light is fun !" Fuel consumption and emission figures at the end of the Annual Report

  • Page 25
    ...number of cylinders are no longer the only topics of discussion for today's car enthusiasts. With the automobile on the brink of the greatest upheaval in its more than 100-year... LIGHT LEAN ATHLETES Audi also reduced the weight of the Audi R18 ultra Le Mans race car in 2012. Even the transmission ...

  • Page 26
    ... easiest way to go. But we do our best to make light work of things. As is so often the case, the solution is in the details. And in industrialized, cost-effective manufacturing processes that keep both weight and price down. Highly engineered, efficient, with the focus on reduced energy consumption...

  • Page 27
    ... the 324-meter Eiffel Tower. AUDI ULTRA - SYSTEMATICALLY SUSTAINABLE ultra no longer means just being "light," but also setting new standards for efficiency. Audi is developing increasingly efficient engines and using ever-lighter materials. Along the entire value-added chain and at the individual...

  • Page 28
    ... magnificent setting of Munich's Allianz Arena. Prof. Rupert Stadler, Chairman of the Board of Management of AUDI AG, and Pep Guardiola, star coach of FC Bayern Munich. An opportunity to go the full 90 minutes with the experts. Fuel consumption and emission figures at the end of the Annual Report

  • Page 29

  • Page 30
    A discussion about COUR AGE AND MOTIVATION, VICTORY AND DEFEAT, and the merits of playing the through ball in sport and business. Please fold open here for the interview

  • Page 31
    ...'ve been leading the way at Audi. We have brought to learn with us here in Germany. At the moment we are doing the same with promising young Italians. During my time in Spain, I learned to appreciate the Spaniards as very creative people. Germans, for their part, are good organizers. When you bring...

  • Page 32
    ... be the manager at home. My wife and I take decisions jointly. Harmony is important to me. I learned that at an early age. I also went to boarding school and struggled at first. I often felt alone and always phoned my parents in the evening. Does that mean you run the Stadler family like a business...

  • Page 33

  • Page 34
    ... : My Audi team. I can always count on them. In the private sphere, my wife Angelika and my children. In terms of strategy and Group goals, I discuss matters at length with my closest colleagues and of course with Martin Winterkorn, the Chairman of the Board of Management of Volkswagen AG, and with...

  • Page 35
    033 THINK FORWARD

  • Page 36
    ...of the Annual Report ILLUSTRATION : AUDI AG PHOTOS : Anke Luckmann PROF. RUPERT STADLER was born on March 17, 1963 in Titting (Bavaria). He studied Business Management in Augsburg. He started working at AUDI AG in 1990. From 1994 to 1997, Rupert Stadler was Managing Director of Volkswagen/Audi Espa...

  • Page 37
    ... relationship between the car and the city already needs to be developed today. Here's what urban mobility might look like if the vision becomes reality. A leap in time. TEXT : Ann Harder We are constantly asking ourselves questions about the mobility of the future : How will we get from one place...

  • Page 38
    ...time-waster as the number of downtown parking spaces has not been increased since 1975. The Straphanger also lives outside the center of the city. These commuters need almost an hour to travel a distance of about ride facility where they switch to a mode of public transport, and travel the last part...

  • Page 39
    ... and innovations in the field of consumer electronics can be seen here. Audi made its first appearance at the CES in 2011 - the first carmaker to do so. The primary focus of the appearance at the exhibition in 2014 was connecting the car with its surroundings : With communication technologies and...

  • Page 40
    ... Points have been credited to your energy account. ‹ Reply ›› Share ê More ILLUSTRATION : AUDI AG While the Audi Urban Future Award 2010 focused on the mobility of the future in general, participants in 2012 developed specific mobility concepts for their home regions. This year, the award...

  • Page 41
    ... position and the driving mode sets itself to Comfort Drive. With his fingerprint, he starts the car moving toward downtown, and the drive proceeds smoothly. Thanks to car-to-car and car-to-city technologies, the Audi receives real-time data and compares it with the automatically generated route...

  • Page 42
    ... : Philipp Meier Fuel consumption and emission figures at the end of the Annual Report PHOTOS : Matthias Just Nicole Zdebel usually flies a Boeing 777. And the...wheel into her own hands all the more. For us she tries out piloted driving in an Audi A6 Avant test vehicle. A totally new experience ...

  • Page 43

  • Page 44
    ...two degrees Celsius. Today, technology enthusiast and pilot Nicole Zdebel is behind the wheel of an Audi A6 Avant test vehicle. Also on board : a piloted driving system that will soon guide her automatically through heavy tra ffic. Even remote-controlled parking maneuvers are possible. Nicole Zdebel...

  • Page 45
    ... the 2013 International Consumer Electronics Show (CES) in Las Vegas by the trade press network THE VERGE (www.theverge.com/2013/1/11/3865786/ verge-awards-ces-2013/in/3608257). In addition, the world-renowned MIT Technology Review listed Audi among the 50 most innovative companies in the world for...

  • Page 46
    ... Piloted driving in traffic : progress through cutting-edge technology. Scanning distances, accelerating, braking and staying in lane. To enable piloted driving, Audi uses multiple redundancy to assess the driving situation. The exterior sensors consist of a dual radar system, a laser rangefinder...

  • Page 47
    ... the autopilot is activated. Here in the car, I can simply take my hands off after pressing the button. Of course, I still have to keep my eyes on everything because just like a pilot in an airplane, the driver is ultimately responsible for everything." To ensure the Audi makes its way through the...

  • Page 48
    Fuel consumption and emission figures at the end of the Annual Report PHOTOS : Matthias Just, AUDI AG

  • Page 49
    ...jam or a stop-and-go situation are met. "At this point, I have to press a button to activate the system, but I can still intervene at any time." Just before Munich-Schwabing, traffic suddenly clears completely. The Audi accelerates quickly to just under 50 kilometers per hour. Zdebel now places her...

  • Page 50
    ... she is assisted by the autopilot system. The pilot enters the restaurant and meets her friend there. At the same time, the Audi is assigned an available parking space via Wi-Fi by the parking garage, and the new technology automatically guides her car into the parking space. At this point, Nicole...

  • Page 51
    ... 10,000 employees in Technical Development. One of our central tasks is to find sustainable answers to the question of future mobility. Our modular platform strategy offers maximum variability for models and drive systems; our affiliation with the subsidiaries Lamborghini, Ducati and Italdesign...

  • Page 52
    Fuel consumption and emission figures at the end of the Annual Report PHOTO : AIKOKU

  • Page 53
    ...the last detail TEXT : Marcus Schuster Audi is synonymous with high quality, precision, and exclusivity. But who ensures these exacting requirements are consistently met? Procurement certainly plays its part. After all, perfection begins early on in the value chain with the selection of suppliers.

  • Page 54
    ... special. "To this end, we forge partnerships that offer mutual benefits," explains Dr. Bernd Martens, Member of the Board of Management of AUDI AG for Procurement. Audi is not just constantly on the lookout for committed, reliable suppliers, but also taps into innovative sources of supply worldwide...

  • Page 55
    ... with the deck of a ship, while using a natural product like oak with its variations in color and structure. "Collaboration with the supplier over several years means we can offer high-quality, exclusive surface materials like these," reports Martens. Beaufort oak inlays : as individual as the wood...

  • Page 56
    ... accuracy if it is to meet the exacting demands placed on resilience and durability. The manufacturing process used is point milling, which entails milling off surplus material from the blank, point by point. While it is a slow production technique, it is the only option given the complex shape of...

  • Page 57
    ..., we will have more international development partners and our suppliers will increasingly be based outside of Europe. Having a dynamic organization, fewer interfaces and new competences will be the key to our success. 055 Dr. Bernd Martens / Procurement THE BOARD OF MANAGEMENT Dr. Martens, what...

  • Page 58
    PHOTO : Getty Images

  • Page 59
    06 07 08 Seven billion people. Each with different needs. What moves our society? ACT...09 10 11

  • Page 60
    06 AC T RESPONSIBLY Fuel consumption and emission figures at the end of the Annual Report

  • Page 61
    PHOTOS : Jeff Ludes, Benjamin Pichelmann The world movers Driving into the future with Audi tron technologies. The goal is carbon-neutral mobility, without having to make any compromises. Sound good? It is. A drive in the Audi A3 e-tron in California and in the Audi A3 g-tron in Denmark. TEXT : ...

  • Page 62
    ... hammer lassen (SHL) architects lines up in the A3 g-tron. We visit Los Angeles with the Audi A3 e-tron ; at the wheel is Anne Philippi. Here, there is a dense infrastructure of charging stations for electric cars. This is a place where sustainable enjoyment is a way of life and a calling card...

  • Page 63
    ... my way to Venice for my first cup of coffee of the morning. It's still quiet on the Abbot Kinney at this time of day. People in Venice sleep longer, but the early-risers all stop to have a look at my Audi. Interest. Wide eyes. The brand new e-tron. Which goes on sale in Germany in...

  • Page 64
    ... Fuel tank 12V battery High-voltage cable 6-speed e-S tronic Electric motor Charging connection Music on. Good, natural sound from the Bang & Olufsen Sound System. The sound embraces me. I listen to a little rock radio, old California hits. I open the panoramic sunroof, light morning breeze. 10...

  • Page 65
    ...tron 1 2 3 4 5 6 7 8 1.4 TFSI engine Dual-mass flywheel Electric motor Dual clutch High-voltage connections 6-speed e-S tronic Coolant inlet Coolant outlet 1 Audi A3 Sportback Sportback e-tron in figures The A3 e-tron is the first premium compact car from 2 3 4 5 6 Audi with standard plug-in...

  • Page 66
    ... synthetic methane which Audi has already begun to produce in its first power-to-gas plant from CO2 and water using green electricity. PHOTOS : Benjamin Pichelmann gasoline. In addition to the gasoline tank, it has two pressure Fuel consumption and emission figures at the end of the Annual Report

  • Page 67
    ...the right direction," says Ahlmark. He also tries to implement this sustainability philosophy in architecture. "The Cr ystal" is an office building belonging to a financial institution designed by SHL architects that has won awards for its energy-saving design : a glass building, suffused with light...

  • Page 68
    ... new ideas and ensuring their success : "In a retrofitting project, the investment pays for itself in ten to 15 years because there are savings on heating costs, for example. With the g-tron, the low price of gas will be a key factor for consumers." In Germany, natural gas currently costs...

  • Page 69
    ...its aluminum facade. "Sustainability should never mean making compromises, rather it should be about preserving the good life without limitations. Sustainability in its optimal form would be to take another step forward - such as building a car that produces more energy than it uses." Hollywood and...

  • Page 70
    Fuel consumption and emission figures at the end of the Annual Report

  • Page 71
    .... "Central Launch Training at Audi is the central market introduction training program for new products and technologies for the worldwide dealer organization," explains Christian Bauer, Head of Sales Qualification at AUDI AG, shortly before his team receives a new group of participants for Central...

  • Page 72
    070 ACT INSPIRINGLY " IT IS EXCITING EVERY TIME ; I ALWAYS EXPERIENCE NEW PLACES, NEW IDEAS, NEW PEOPLE. " Lisa Trubitsina Fuel consumption and emission figures at the end of the Annual Report

  • Page 73
    ... stand in a tight circle around the sedan and discuss selling points for the new A8. Styling ! Innovation ! Sports appeal ! Maxim has been working in the Fleet Department at Audi Russia in Moscow for six years now and knows the product and the market well. "I like the fact that we are not restricted...

  • Page 74
    ... with quattro drive out onto the dynamic handling technologies. So the CLTs are not isolated events, but a continuous program of modules that complement each other. One gauge of the success of this systematic approach to learning is that participants in 2013 reached the highest qualification levels...

  • Page 75
    ... a special kind, squints at the light and rubs his eyes. He could rave about the design of the new TT, or he could report 073 ACT INSPIRINGLY curtain is lifted, well actually the projection screen is lowered, 5 - ACTION The dynamic handling area is an apt, but almost too modest a name for the Audi...

  • Page 76
    ..., Member of the Board of Management of AUDI AG for Finance and Organization, and the renowned economist Prof. Markus Brunnermeier discuss courage, opportunities and trends. An encounter in Princeton. TEXT : Jan Rentzow Fuel consumption and emission figures at the end of the Annual Report PHOTO...

  • Page 77

  • Page 78
    ... you have ? STROTBEK : At Audi, we've been feeling the market for over 100 years, and that has been down to hard work. In essence it involves understanding the markets and above all the needs of our customers, then developing the right products to suit them. We are currently experiencing one of the...

  • Page 79
    ...strategy is to establish a business resting on three pillars - Europe, Asia and America. We are already the premium-segment market leader in Europe and are also very successful in Asia. The next step is to exploit our strengths and build on our good position in North and South America. The new plant...

  • Page 80
    ... Group as Board of Management Assistant for Controlling and Accounting. After holding various posts within the Volkswagen Group, he worked as Executive Vice President of Finance at Volkswagen Group China in Beijing from 2004 to 2007. Strotbek has been Member of the Board of Management of AUDI AG...

  • Page 81
    ... that Audi is not prepared to buy market shares by discounting its prices. STROTBEK : That's right. We have increased our market share in China, North America and Europe through attractive products and a strong brand image. Customers also expect a high degree of price stability from us as a premium...

  • Page 82
    09 AC T WORLDWIDE Kenneth McHattie Scotland Infotainment developer Luis Ortiz Müller Mexico We are family TEXT : Gabriele Meinl Production system/ Training Center consultant Anyone coming to work at a German location of AUDI AG as an international Group employee will not be on their own. The ...

  • Page 83
    Petr Havelka Czech Republic Passenger airbag developer Csaba Ternyak Hungary User management IT consultant Paloma Santos Rodriguez-Vigil Spain Supplier development Mexico Wendi Sun China Interior development engineer

  • Page 84
    ...." Luis Ortiz Müller working alongside German colleagues on the development of a train-the-trainer program for the new plant in San José Chiapa. It will cover every process, from production to sales. "The way people communicate here in Germany is very positive, very direct and clear." However...

  • Page 85
    ... of a quality assurance project for Mexico under the StartUp Europe trainee program. Santos RodriguezVigil loves the international nature of her project : "I gain an insight into the various Audi production plants and can benefit from comparing how people work in Germany, China, Hungary or Mexico...

  • Page 86
    ...ACT WORLDWIDE An award-winning family "Attractive employer worldwide" is a strategic corporate objective for Audi. Who better to substantiate und Develop aro the world that goal than the people who are employed by the Company ? For the HR marketing campaign "Working at Audi," employees personally...

  • Page 87
    ... comfortable and can develop their creativity - since innovation requires freedom. Our employees use interactive channels of communication and help decide how, where and how much they work - all according to their personal circumstances. We support their development in a personalized way and show...

  • Page 88
    ...period of isolation produced an abundance of rare plant and animal species here. The Wildlife Conservation in Franconia initiative and the community of Breitengüßbach worked together with the Audi Environmental Foundation to develop the area into an environmental center. PHOTOS : Klaus Mellenthin

  • Page 89
    ... is a nonprofit organization launched by AUDI AG, primarily to support natural and environmental conservation, but also to promote promote its own scientific and research projects, pilot schemes and concept development. More informainformation can be found in German at : www.audi-umweltstiftung.de

  • Page 90
    ... since 2011 and has been involved primarily in wildlife conservation and environmental education. "We not only support the project financially, but also work together to design content and define focal areas," emphasizes Dr. Dagobert tion. Heike Raab-Held is thrilled with the teamwork. "The Audi...

  • Page 91
    ...12 locations in ten countries. Whether it's in Germany, in China or, in the future, in Mexico and Brazil - we produce our cars everywhere to the same top standard : the Audi Production System. Consistent plant structures, stable and efficient processes, high productivity paired with superior quality...

  • Page 92
    ...International Consumer Electronics Show in Las Vegas is the world's most important electronics trade show. Audi once again had a strong presence there this year, with topics that redefine the mobility of the future. Fuel consumption and emission figures at the end of the Annual Report PHOTO : AUDI...

  • Page 93
    Light that communicates with the driver : the Solunar study from Audi.

  • Page 94
    ... study - a model in which colored light in every part of the interior communicates with the driver and flows outward to the exterior. Another is the Audi Sport quattro laserlight concept show car. Prof. Dr.-Ing. Ulrich Hackenberg, Member of the Board of Management for Development, de described the...

  • Page 95
    ... cockpit goes into series production with the new TT. Center left : Powerful performance - the Audi race car for the 24 Hours of Le Mans will have the new laser light on board. Bottom : One of the stars at the CES - the Audi Sport quattro laserlight concept show car. Top right : Like an airplane...

  • Page 96
    PHOTO : Getty Images

  • Page 97
    12 13 14 15 Experiences that delight. And that get under the skin. What really makes our heart beat faster? 16 17 PLAY ...18 19

  • Page 98
    ..." offers highlights over 12 stages. On the road with 24 RS models including standard quattro all-wheel drive and four classic cars in the Audi Land of quattro Alpine Tour 2013. TEXT: Berthold Dörrich Fuel consumption and emission figures at the end of the Annual Report PHOTO : Daniel Wollstein

  • Page 99
    ...the world to get to know "Land of quattro," its roads and its residents over a total of 12 stages. Klagenfurt to Monaco and back. The fleet : 24 RS models, all equipped with quattro drive as standard, and four classic cars. Over a period of two weeks, they will cover a distance more than three times...

  • Page 100
    098 PLAY QUATTRO Fuel consumption and emission figures at the end of the Annual Report PHOTOS : Daniel Wollstein, Berthold Dörrich

  • Page 101
    ... BE BETTER ? SHOULD I EAT ANYTHING AT ALL ? I AM SITTING IN THE BREAKFAST ROOM OF OUR HOTEL NEAR INNSBRUCK AND DECIDE TO GO WITH LIGHT. AHEAD OF ME ARE TWO ALPINE STAGES IN THE RS 7 SPORTBACK AND URQUATTRO AS THE PASSENGER OF FILIPE ALBUQUERQUE, AUDI FACTORY DRIVER AND 2013 WINNER OF THE 24 HOURS OF...

  • Page 102
    .... He says that the view is better that way. I decide to look at it like this : He knows the car ; I know the passes in front of us. That should make us an unbeatable team. Here we go ! PHOTOS : Daniel Wollstein, AUDI AG Fuel consumption and emission figures at the end of the Annual Report

  • Page 103
    ... AUDI SPORT QUATTRO CONCEPT The Audi Land of quattro Alpine Tour 2013 marked the eagerly awaited first public appearance of the Audi Sport quattro concept following the International Motor Show (IAA) in Frankfurt in 2013. Exactly 30 years after the presentation of the legendary Sport quattro, Audi...

  • Page 104
    ... quattro models stays firmly on track. Filipe is working the handbrake hard in order to give me the promised view of the spectacular mountain landscape as we drift through the corners. Fuel consumption and emission figures at the end of the Annual Report PHOTOS : Daniel Wollstein, AUDI AG 2,715...

  • Page 105
    ... 15 countries have Audi as a partner. Audi has been the main sponsor of the German Ski Federation (DSV) for almost 30 years now and extended this partnership until the 2017/2018 season. The broad-based involvement in winter sports is the ideal stage for Audi to present sportiness and dynamics to an...

  • Page 106
    ...all downhill. And then, as the evening sun fights its way through the clouds, I enjoy the rest of the stage in an open RS 5 Cabriolet. But that's another story ...A video with the highlights of the Audi Land of quattro Alpine Tour 2013 can be viewed here. PHOTOS : Daniel Wollstein, Berthold Dörrich...

  • Page 107
    ... technologies that turn fans in Kuala Lumpur, Ingolstadt and Honolulu into neighbors. With Audi City cyberstores, where I compose my Audi from hundreds of millions of possibilities. And with high performance from Audi Sport, which lets me start up the race car again. 105 Luca de Meo / Marketing...

  • Page 108
    ... current R18 e-tron quattro to victory while at the same time developing the most complex Audi endurance race car of all time to conform with the new rules for the 2014 season. A race against time in eight key steps. This is how it all began. 7 /// STARTING SHOT FOR CONCEPT DEVELOPMENT In July 2012...

  • Page 109
    ... the 2014 race car is put on the test bench for the first time during the week before Audi's 12th Le Mans victory in June 2013. Its baptism of fire then comes at Le Castellet in October. Following the concept phase, design and parts production, this date marks the start of the countdown's decisive...

  • Page 110
    ... is exciting." The Audi engineers develop extremely complex operating strategies for a wide variety of curves, racing situations and acceleration scenarios. A numerical example illustrates just how important reliability is. In 24 hours at Le Mans, an LMP race car covers a distance that corresponds...

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    4 RACETRACK OCTOBER 2013 /// TESTS ON THE After the first function test, a camouflaged prototype completed the first test laps on the track at Le Castellet. This was followed by further tests on other racetracks. 109 PLAY STRATEGICALLY

  • Page 112
    ... initial insights into the technical innovations. AN EVEN DOZEN Audi won the 24 Hours of Le Mans for the second time in a row with a hybrid race car and quattro drive in 2013, thus writing another chapter of its unparalleled success story in the world's most important endurance race. Loïc Duval...

  • Page 113
    14 P L AY UNPLUGGED Style, charm and a violin TEXT : Günther Fischer 13 notes per second: That makes David Garrett one of the fastest violinists of our time. As a musician, he is as comfortable performing classical music as he is rock and pop. We caught up with him in Berlin, where he gave ...

  • Page 114
    ...ultra? Johann Sebastian Bach, "Air" from Orchestral Suite No. 3, BWV 1068, played in pizzicato PHOTOS : Rasmus Kaessmann light and breezy ...connect? Fuel consumption and emission figures at the end of the Annual Report

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    fast, entertaining Niccolò Paganini, Caprices No. 1 and No. 24 ...e-tron? subtle, the silent power Johann Sebastian Bach, Violin Sonata No. 2 in A minor, BWV 1003, Andante

  • Page 116
    ...Audi? Johannes Brahms, dynamic and precise Violin Concerto in D major, Op. 77 ...tomorrow? innovative Ludwig van Beethoven, Violin Concerto in D major, Op. 61, 3rd movement PHOTOS : Rasmus Kaessmann Fuel consumption and emission figures at the end of the Annual Report

  • Page 117
    ...has become one of the most important compositions for violin. Your first car was ...? ...a VW Golf III. It was a special edition called the Bon Jovi. Volkswagen was sponsoring their tour and the car actually got its name from the rock band. I gave it to my mother at some point and she still has it...

  • Page 118
    ... two wheels. A statement. And a declaration of love to their brand. TEXT : Kerrin Nausch The Ducati management team shortly before starting off (from right to left): Claudio Domenicali (CEO), Diego Sgorbati (Director Motorcycle Related Products), Andrea Forni (Director Product Development), Andrea...

  • Page 119
    Since July 2012, Ducati Motor Holding S.p.A. has been a member of the Audi Group - a relationship that can only be described as perfect. Because what the Audi and Ducati brands have in common is not only a fascination for pioneering technology and emotionally charged products, but also the people ...

  • Page 120
    ... NOT SIMPLY IN THE TRANSPORTATION BUSINESS. WE ARE BUILDING DREAMS ON WHEELS. DUCATI IS MORE THAN A BRAND. IT IS A WORLD THAT WELCOMES EVERY MOTORCYCLE ENTHUSIAST WITH OPEN ARMS." Claudio Domenicali, CEO Ducati Motor Holding S.p.A. PLAY ITALIAN A brief check of the route: Which roads have the most...

  • Page 121
    ... into their job - from the engineers to the marketing department and the assembly workers in production. Everyone lives Ducati here. Everyone is authentic here. And fans across the globe feel this too. The fans live the brand and its world just as passionately as the people who design and build it...

  • Page 122
    ..., CEO Ducati Motor Holding S.p.A. But it is not just the passion that makes Ducati and Audi such a good match. There are already numerous parallels today. They both play a leading role and exhibit high expertise in lightweight construction. Many years of know-how in engine development, cutting-edge...

  • Page 123
    ... with wolves 16 TEXT : Boris Ziefle Hugh Jackman is Wolverine. Hugh Jackman is an Audi brand ambassador. And in the movie "The Wolverine" the hero drives an Audi R8 Spyder. A perfect mix of dream man, dream car and superhero. For us, it was also the perfect basis for an interview of a different...

  • Page 124
    ... type of sports do you enjoy ? "I love all kinds of sports. Love soccer but also love the NFL. I love the Sundays when I can watch the games. I myself play soccer and tennis." Fuel consumption and emission figures at the end of the Annual Report PHOTOS : AUDI AG, picture alliance, Shutterstock

  • Page 125
    ... the ages." "Survive." "My ceramic brakes, my S tronic for lightning-fast shifting, my Audi magnetic ride adaptive damping system ..." "My powers of self-healing come in quite handy." "I love everything that has to do with performance, dynamics and speed. With or without limits. But preferably...

  • Page 126
    ...is pole vault world champion. And still just a regular 24-year-old: Raphael Holzdeppe. On one of the most complicated sports in the world, the high-tech tools of his trade and his big dream. TEXT : Kerrin Nausch Fuel consumption and emission figures at the end of the Annual Report PHOTOS : Steffen...

  • Page 127

  • Page 128
    ... And turned things around. His reward : Olympic bronze in London in 2012. And now the first ever world championship gold for the German pole vaulting team. He is the face of this unconventional extreme sport. And a star in Germany. "My whole life suddenly exploded," he remarks with a laugh. But this...

  • Page 129
    ... Dr.-Ing. Karl Durst, 34, developer at the Audi Lightweight Design Center, regards the poles as a prime example of what can be achieved with carbon fiber. "We exploit the same attributes as the pole vaulter when designing cars: Poles and cars are lighter and the energy can be passed on much more...

  • Page 130
    ... he feels during the competition. Fuel consumption and emission figures at the end of the Annual Report PHOTOS : Steffen Jänicke, picture alliance He lives for pole vaulting. As a sign of his dedication to the sport, he has had the silhouette of a pole vaulter tattooed on his right upper arm...

  • Page 131
    ... been working with him in Munich for a little over a year. He talks of body weight, vectors and acceleration, C and I positions, and the importance of "using your momentum." What he means is : / A HERO WITH NO AIRS AND GRACES In Aachen, Holzdeppe is an accessible hero. He patiently signs autographs...

  • Page 132
    Fuel consumption and emission figures at the end of the Annual Report PHOTO : Olaf Hauschulz

  • Page 133
    ... is presenting a real highlight. Maurizio Reggiani, Head of Research and Development at Lamborghini, has invited us on a no-holds-barred anniversary excursion in the Gallardo Squadra Corse, the sportiest model ever in this highly TEXT : Damiano Fedeli successful line. Fasten your seat belts, please!

  • Page 134
    ... company a good 50 years ago. Starting out with a tractor factory, he ultimately realized his true dream : manufacturing sports cars. The brand with the bull emblem has been part of the Audi Group since 1998. Taurus was Ferruccio Lamborghini's zodiac sign, which is why even today the models...

  • Page 135
    ...ONE-OF-A-KIND CAR TO AMAZE THE WORLD." "We manufacture the most extreme cars there are, and we never cease to amaze with our successful efforts to further develop the supercar concept." It all started with the 350 GT. "It was a company debut of sorts. Lamborghini created this model with a fantastic...

  • Page 136
    ... alliance is a complete success, as demonstrated by more than just the rising sales figures. "Audi and Lamborghini both share common values. This allowed us to maintain our DNA while converging with each other with respect to different technologies." As we navigate the hairpin turns of the Apennines...

  • Page 137
    ... launched, with new front and rear styling and a new engine developing 412 kW (560 hp). 32 model versions of the Gallardo were built until production ceased in November 2013. With a total of 13,992 cars made, the Gallardo is one of the world's most successful supercars and an icon of Italian design.

  • Page 138
    ... He is the boldest conqueror of new worlds. Felix Baumgartner, the man who jumped to Earth from space. His latest adventure is yet another extraordinary challenge. From space to race. Without a parachute. A 24-hour race at the Nürburgring. In an Audi R8 LMS ultra. PHOTOS : © Red Bull Stratos...

  • Page 139

  • Page 140
    ...of successes proves it. In the last few years, the Audi R8 LMS ultra alone has won a spot on the winner's podium 550 times out of 800 starts. Now Baumgartner will be taking the wheel. He is certainly one of the most prominent drivers who has taken part in the Audi race experience, but every customer...

  • Page 141
    "THE R8 LMS ULTRA INSPIRES ME AGAIN AND AGAIN. SO MUCH POWER AND CONTROL PLAY EXTREME 139 IN ONE CAR - IT'S JUST INCREDIBLE." Felix Baumgartner

  • Page 142
    ... has, today, become of yesterday's tomorrow." Author Berthold Dörrich lives in Stuttgart. For the Annual Report, the Presenting Editor of the classic and sports car magazine OCTANE participated in the "Audi Land of quattro Alpine Tour 2013." PHOTOS : Private shots of the photographers and authors

  • Page 143
    ... this means that I am delighted at every technical evolution. They help us to develop new possibilities for composition, to visualize new worlds and to show the unseen. The technology is, however, of secondary importance ; it is just a tool. A good photograph is always a combination of ideas, talent...

  • Page 144
    ... FAW-Volkswagen Automotive Company, Ltd., Changchun Since acquisition of the Ducati Group in July 2012 4) EBITDA = operating profit + balance from depreciation/amortization, impairment losses (reversals) on property, plant and equipment and intangible assets, capitalized development costs, financial...

  • Page 145
    ... G RO U P FOR THE FISC AL YE AR FRO M J A N UA RY 1 T O D EC E M B E R 31, 2013 The fuel consumption and emission figures for the vehicles mentioned in the Combined Management Report of the Audi Group and AUDI AG are listed starting on page 285. All figures are rounded off, which may lead to minor...

  • Page 146
    ... Financial position // 176 AUDI AG (SHORT VERSION ACCORDING TO GERMAN COMMERCIAL CODE, HGB) // 177 Financial performance // 177 Net worth // 178 Financial position // 178 Production // 178 Deliveries and distribution // 179 Employees // 179 Research and development // 179 Procurement // 179 Report...

  • Page 147
    ... as well as high-caliber materials and build quality. In addition, the sales subsidiaries of the Audi Group handed over 173,406 (177,106) cars of other Volkswagen Group brands to customers in the past fiscal year. the full year, a total of 44,102 bikes were delivered to customers in 2012. The...

  • Page 148
    ... of Production. The Audi A3 and A3 Sportback, the models of the A4 family, the RS 4 Avant, the Coupé and Sportback versions of the A5, the RS 5 Coupé and the Q5 are built there. We also make the bodies for the current TT car line in Ingolstadt. MANAGEMENT REPORT A Manufacturing plants Brussels...

  • Page 149
    ... top models in their respective car line. An exclusive customization program and high-grade lifestyle articles relating to the Audi brand are other core areas of activity of 146 quattro GmbH. AUDI HUNGARIA MOTOR Kft. develops and manufactures engines for AUDI AG, for other Volkswagen Group companies...

  • Page 150
    ... products and processes / MISSION: "WE DELIGHT CUSTOMERS WORLDWIDE" "Vorsprung durch Technik" comprises the brand values sportiness, progressiveness and sophistication. This is reflected in our products, which are noted first and foremost for their modern design, technological innovations and high...

  • Page 151
    ... OF THE AUDI GROUP STRATEGY All activities related to electric driving are promoted under MANAGEMENT REPORT Audi e-tron. Our medium-term goal is to bring a car with plug-in hybrid drive onto the market in every core car line. The intention is to make long-distance capability, zero local emissions...

  • Page 152
    ...generated cash flow remains a key pillar of our corporate strategy. In addition, the key rate of return ratios reflect our Company's high profitability and provide evidence that the Audi Group is among the most successful automotive manufacturers in the world. / GOALS // SUPERIOR FINANCIAL STRENGTH...

  • Page 153
    ...worldwide. Furthermore, we are broadening the basis for our business model through the continued expansion of our international production network - for example in Hungary, Mexico, Brazil and China. First places were awarded to three Audi models in the "red dot award: product design 2013." The Audi...

  • Page 154
    ..., highly efficient vehicles, integral mobility technologies and unmistakable product experience. These core topics are firmly positioned within the research and development strategy, and are followed up and managed on the basis of individual projects. The successful Audi innovation strategy is...

  • Page 155
    ...the Company, the individual planning topics are determined on the basis of their time horizon: / MANAGEMENT PROCESS IN THE AUDI GROUP The Audi Group is incorporated as an integral part of the Volkswagen Group's management process. In addition to the parent company, management of the Audi Group also...

  • Page 156
    ... well as for improving the Audi Group's production processes. MANAGEMENT REPORT A 153 / PRIORITY KEY FIGURES OF GROUP MANAGEMENT Management of the Audi Group adopts a value-oriented corporate steering approach and, taking the goals of the strategy as the starting point, is based principally on the...

  • Page 157
    ... half, to reach an all-time high of 9,589 points on December 27, 2013. The DAX closed the year at 9,552 points, 23 percent up on the position at the start of 2013. 0 2009 1 2010 2 2011 3 2012 4 2013 5 75% 50% 25% 100% / AUDI TRADING PRICE TREND Audi shares started trading at EUR 532 in the past...

  • Page 158
    ... in AUDI AG. For details of the voting rights held in Volkswagen AG, please refer to the Management Report of Volkswagen AG. / COMPOSITION OF THE SUPERVISORY BOARD The Supervisory Board comprises 20 members. Half of them are representatives of the shareholders, elected by the Annual General Meeting...

  • Page 159
    ...took effect at the start of the year. more subdued development of the Russian economy, which expanded by a mere 1.6 (3.4) percent. 156 / INTERNATIONAL CAR MARKET Global demand for cars grew at a rate of 5.0 percent in 2013 to 70.1 (66.7) million passenger cars - a new all-time record - despite the...

  • Page 160
    .... As part of our longterm approach to corporate management, the Audi Group again benefited from continuously optimized processes and cost structures along the entire value chain in 2013. In view of the cost-intensive input needed for new products and technologies, the expansion of our international...

  • Page 161
    ... Audi design and the consistent advancement of infotainment solutions and driver assistance systems. In the period under review, an average of 9,832 (8,937) employees worked in the Research and Development area of the Audi Group. Average for the year AUDI AG AUDI HUNGARIA MOTOR Kft. Automobili...

  • Page 162
    ... per Audi has been systematically advancing lighting technology for many years now - from LED daytime running lights to the LED headlights that are now already available in a number of car lines. As conspicuous design features, the headlights not only define the appearance of Audi models, but...

  • Page 163
    ... had previously MANAGEMENT REPORT been off. There is also the supplementary function of marker lights, which are linked to the optional night vision assistant. If a person is detected in the critical area in front of the car, individual LEDs flash three times in short succession. This picks out the...

  • Page 164
    ... to the natural gas network. 161 MANAGEMENT REPORT A // OUTSTANDING SUCCESSES IN MOTORSPORT 2013 saw Audi win the legendary 24 Hours of Le Mans with the hybrid model Audi R18 e-tron quattro for the second successive year, bringing the total number of wins for the brand with the four rings to 12 in...

  • Page 165
    ... AND DEVELOPMENT Audi connect services MANAGEMENT REPORT Twitter myAudi special destinations Facebook Destination entry via myAudi or Google Mapsâ„¢ Messages Navigation with Google Earthâ„¢ and Google Street Viewâ„¢ A E-mail 162 Picturebook navigation Fuel prices City events Travel...

  • Page 166
    ... development of the quattro design language, which Audi already presented with its Sport quattro concept showcar and the Audi nanuk quattro concept at the International Motor Show (IAA) in Frankfurt am Main in September 2013. In the sphere of interior design too, the Audi allroad shooting brake...

  • Page 167
    ... can also help in multistory car parks and when entering parking spaces and garages. At the start of 2013, we received two awards in the United States for our development work in this area. The magazine POPULAR SCIENCE named the Audi system for piloted parking in parking garages its "Product Of The...

  • Page 168
    ... Audi brand at the Group headquarters in Ingolstadt. The 4.5 percent increase in production volume is attributable in particular to high demand for the new model generation of the A3 car line. A total of 275,650 (262,965) cars were produced at the Neckarsulm plant in the year under review. The main...

  • Page 169
    ECONOMIC REPORT PRODUCTION AUDI HUNGARIA MOTOR Kft. built a total of 42,851 (33,553) MANAGEMENT REPORT vehicles of the Audi TT car line and A3 family at the GyÅ'r plant in Hungary from January through December 2013. AUDI BRUSSELS S.A./N.V. made 120,520 (123,111) vehicles of the A1 car line in ...

  • Page 170
    ... production 2013 AUDI HUNGARIA MOTOR Kft. Automobili Lamborghini S.p.A. Car engine production 1,925,636 1,088 1,926,724 2012 1,915,567 1,037 1,916,604 / EXPANSION AND DEVELOPMENT OF THE GROUP HEADQUARTERS IN INGOLSTADT We are gradually expanding our product portfolio as part of our growth strategy...

  • Page 171
    ...Company, Ltd. also opened an additional plant in the southern Chinese city of Foshan at the turn of the year. It covers the entire production process, from press shop and body shop to paint shop and / NEW PRODUCTION LOCATION IN BRAZIL As part of our worldwide growth strategy we are building an Audi...

  • Page 172
    ... A1 premium compact car line. / AUDI A3 We again added to the product range of our A3 family in the past fiscal year. For example, the five-door A3 Sportback appeared in February 2013. Like its three-door sister model, it offers a comparatively low weight along with innovative driver assistance and...

  • Page 173
    ... the dynamism of a compact car with the spaciousness and versatility of an SUV. Last year's Geneva Motor Show also played host to the world debut of the new RS Q3 - the first RS model in our successful Q family. The RS Q3, which has been on sale since the end of 2013, combines typical RS qualities...

  • Page 174
    ... high-performance sports model with everyday driving qualities sprints from 0 to 100 km/h in only 3.9 seconds. With the optional dynamic package plus, the top speed of the new RS 6 Avant is 305 km/h. In all, 288,157 (278,948) of the A6 car line were handed over to customers in the past fiscal year...

  • Page 175
    ... DELIVERIES AND DISTRIBUTION To mark the company's 50th anniversary, the Lamborghini brand MANAGEMENT REPORT exhibited the highly exclusive Veneno model at the 2013 Geneva Motor Show, a limited edition of just three cars. Its design is consistently geared toward optimum aerodynamics and directional...

  • Page 176
    ... Audi. While the A4 car line reasserted its status as the main source of revenue last year, we achieved the strongest revenue growth with sales of vehicles of the new A3 car line. A renewed rise in demand for the Q3, Q5 and Q7 SUV models also impacted the revenue trend positively. At the same time...

  • Page 177
    ... PERFORMANCE INDICATORS FINANCIAL PERFORMANCE Development of Audi Group operating profit MANAGEMENT REPORT EUR million 2009 6,000 4,500 3,000 1,500 A return on sales of 10.1 (11.0) percent and a return on sales before tax of 10.7 (12.2) percent in the 2013 fiscal year. Over the same period...

  • Page 178
    ...326 2,098 3,354 Non-current assets: Intangible assets Property, plant and equipment Equity-accounted investments Other non-current assets Current assets: Inventories Other current assets Cash funds Equity Non-current liabilities Current liabilities The Audi Group's balance sheet total rose by 11...

  • Page 179
    ... WORTH // FINANCIAL POSITION The equity of the Audi Group rose to EUR 18,565 (15,092) MANAGEMENT REPORT million as of December 31, 2013. The main factor behind this increase was the cash injection of EUR 1,895 million by Volkswagen AG, Wolfsburg, into the capital reserve of AUDI AG. The allocation...

  • Page 180
    ... from the Q5 and Q7 SUV models. Other revenue increased to EUR 8,433 (7,448) million in the 2013 fiscal year mainly as a result of a positive sales trend for parts sets delivered to China. The dynamic business performance is also reflected in a higher production volume. As a result, the cost of...

  • Page 181
    ...SHORT VERSION ACCORDING TO GERMAN COMMERCIAL CODE, HGB) NET WORTH // FINANCIAL POSITION // PRODUCTION NET WORTH MANAGEMENT REPORT The balance sheet total of AUDI AG rose by 12.0 percent in the 2013 fiscal year to EUR 27,821 (24,845) million. The increase in fixed assets to EUR 9,703 (8,594) million...

  • Page 182
    ... ACCORDING TO GERMAN COMMERCIAL CODE, HGB) DELIVERIES AND DISTRIBUTION // EMPLOYEES // RESEARCH AND DEVELOPMENT // PROCUREMENT // REPORT ON RISKS AND OPPORTUNITIES DELIVERIES AND DISTRIBUTION AUDI AG delivered 1,575,480 (1,455,123) cars to customers worldwide in 2013. Of this figure, a total of 250...

  • Page 183
    ... vehicle with plug-in hybrid technology at the International Motor Show (IAA) in Frankfurt am Main to mark the 30th anniversary of the Sport quattro - the Audi Sport quattro concept. In addition, the Audi allroad shooting brake showcar was exhibited at the Detroit Motor Show in January 2014. To...

  • Page 184
    ... efficiency program > Launch of Audi valvelift system (AVS) > Launch of Audi S tronic > Launch of FSI technology > Volume-produced car with all-aluminum body: Audi A2 > Launch of Audi Space Frame (ASF) > Launch of TDI technology > Audi duo hybrid model 2009 2006 2003 2002 1999 1994 2011 2012 2013...

  • Page 185
    ...and 7-speed S tronic dual-clutch transmission • Efficiency-optimized 7-speed S tronic dual-clutch transmission • 8-speed tiptronic • multitronic • Freewheeling function Networked energy management • Highly efficient air conditioning • Energy recovery • Start-stop system • Innovative...

  • Page 186
    ...that year, the Audi A8 became the first production sedan to feature Audi Space Frame (ASF) technology. We have set ourselves the goal of further reducing vehicle weights across the entire product 2014 with the gradual roll-out of 11 new, exceptionally efficient models in the A4, A5 and A6 car lines...

  • Page 187
    ... This total included 63 drivetrain versions with CO2 emissions of up to 120 g/km. Four model versions of the A1 family and seven drivetrain A 184 Audi models with CO2 emissions up to 140 g/km, 120 g/km and 100 g/km (year-end position) 2010 160 2011 2012 2013 140 120 100 80 60 40 20 Number...

  • Page 188
    ... Union's 185 Accreditation of Audi Group locations Ingolstadt/ Germany AUDI AG DIN EN ISO 14001 DIN EN ISO 50001 Brussels/Belgium AUDI BRUSSELS S.A./N.V. DIN EN ISO 50001 GyÅ'r/Hungary AUDI HUNGARIA MOTOR Kft. DIN EN ISO 14001 DIN EN ISO 50001 Neckarsulm/ Germany AUDI AG, quattro GmbH DIN EN...

  • Page 189
    ... identifying ways of reducing energy consumption. In July 2012, it completed the new Design Center for the development of prototypes and pre-production models. It is equipped with state-of-the-art technology and was the first building of its kind in Italy to be awarded an "A" energy rating. This...

  • Page 190
    ... RESPONSIBILITY LOCATION-BASED ENVIRONMENTAL ASPECTS Development in vehicle production, car engine production and energy use by the Audi Group 1) 2010 3,000 2011 2012 2013 2,500 2,000 1,500 1,000 187 500 Vehicle production thousand units Car engine production thousand units Energy use...

  • Page 191
    ... the GyÅ'r (Hungary) production location in addition to the Ingolstadt, Neckarsulm and Brussels (Belgium) locations, started in 2013. This period will run for a total of eight years, ending in 2020. To minimize the risk of a shortfall in cover and the potential costs that the Audi Group could...

  • Page 192
    ... profit-sharing systems at Audi subsidiaries in Germany and abroad. These are determined independently by the management of the subsidiaries and on the basis of local pay levels. / OVER 3,000 EMPLOYEES NEWLY RECRUITED AT AUDI AG AUDI AG took on a total of 3,091 new employees in the 2013 fiscal year...

  • Page 193
    ...German). As part of its international development, the Audi Group also expanded its trainee programs. The "StartUp Europe" program was opened up to applicants from Italy in December 2013, building on the venture's successful launch in Spain in 2012. This international trainee program is aimed at job...

  • Page 194
    ... been supporting internal and external women's networks for many years. Specific programs are available to help talented female employees along their career path. The Company is also building on and optimizing the basic framework for balancing working and family life. / JOB AND FAMILY AUDI AG wants...

  • Page 195
    ... the support guideline of the Audi Group, the primary areas of activity are education, technology and 192 worldwide disaster relief. engaging way of disseminating knowledge. The specialist lectures attracted a total audience of over 2,600 in 2013. / SOCIAL INVOLVEMENT AUDI AG and its employees are...

  • Page 196
    ...AND OPPORTUNITIES REPORT ON EXPECTED DEVELOPMENTS The global economy - in common with most car markets - will again expand slightly in 2014. Growth is likely to continue to develop at different rates in the individual regions. The Audi Group intends to continue to build on the strong positions that...

  • Page 197
    ... exclusive dealer network and from actively marketing high-performance, efficient diesel models. We plan to further consolidate our leading position in the Chinese premium market in 2014 by significantly increasing deliveries. // MOTORCYCLE MARKET For 2014 we expect to see a slight rise in demand...

  • Page 198
    ... to demand for the models of the A3 family. Furthermore, two models with alternative drive concepts are joining our A3 premium compact car line in the current fiscal year - the A3 Sportback e-tron and g-tron. The improved version of our Audi A8 luxury sedan went on sale at the end of 2013. In...

  • Page 199
    ... in an internal Board Directive in light of its high strategic relevance. Risk management and compliance are closely linked both organizationally and procedurally in a comprehensive, integrated management approach. Furthermore, a combined report on risk management, internal controls and compliance...

  • Page 200
    ...in the preparation of the Group companies' individual financial statements. In addition, Group Auditing examines the regularity of the financial reporting process for domestic and foreign companies. Furthermore, the Audi Group is connected to Group Accounting at Volkswagen AG, Wolfsburg, through the...

  • Page 201
    ... according to risk criteria. In the current fiscal year, AUDI AG and 17 subsidiaries carried out the GRC process in full. updated communication to the corporate bodies on the risk situation, and examining whether an ad hoc announcement meeting capital market requirements needs to be published...

  • Page 202
    ... the Audi Group's business performance by undermining economic activity as well as international financial and capital markets. The Audi Group counters these risks by taking out appropriate insurance cover, analyzing such scenarios and drawing up emergency plans. 199 MANAGEMENT REPORT A EXAMINATION...

  • Page 203
    ... product creation process incorporates an ongoing calculation of costs and revenues in the form of a product profitability analysis, as well as diverse management and control tools to assure the intended degree of project maturity. To guarantee enduring customer delight and economic success, target...

  • Page 204
    ... effective processes for the development of innovative technologies - and promote a further transfer of expertise. The Audi Group is in a position to profit particularly from synergies and cost savings within the Volkswagen Group. // LEGAL RISKS Through its worldwide activities, the Audi Group is...

  • Page 205
    REPORT ON EXPECTED DEVELOPMENTS, RISKS AND OPPORTUNITIES REPORT ON RISKS AND OPPORTUNITIES // PERSONNEL OPPORTUNITIES MANAGEMENT REPORT The Audi Group is already perceived as an attractive employer worldwide. This has been confirmed by a large number of national and international awards. By further...

  • Page 206
    ... focus on increasing the value of our Company. In view of the planned expansion of our product portfolio, the most significant risks for the Audi Group are presented by product development and creation activities, increasingly tough regulatory conditions in our worldwide sales markets, and the need...

  • Page 207
    ...the German Federal Gazette. The Board of Management and Supervisory Board of AUDI AG also discussed at length the recommendations and suggestions in the Code during the past fiscal year and passed the appropriate resolutions. Since the publication of the new version of the Code on June 10, 2013, its...

  • Page 208
    ... fiscal year. / STOCK OPTION PLANS AND SIMILAR SECURITIESBASED INCENTIVE ARRANGEMENTS AUDI AG does not offer any such plans or incentive arrangements. / DECLARATION RELATING TO THE CODE ON THE INTERNET The current joint declaration of the Board of Management and the Supervisory Board of AUDI AG on...

  • Page 209
    ... COMPLIANCE // RISK MANAGEMENT COMPLIANCE MANAGEMENT REPORT Ensuring that corporate decisions are made in accordance with the relevant laws, internal rules and values is of fundamental importance to the management of AUDI AG. In light of this, the Audi Group has developed a preventive approach...

  • Page 210
    ...'s approach to corporate communications. All of the Group's key publication dates, as well as the date of the Annual General Meeting of AUDI AG, are listed in the financial calendar, which is available for public consultation at any time on the Company website at www.audi.com/ financialcalendar. The...

  • Page 211
    ...active Board of Management members, in keeping with the German Act on the Appropriateness of Management Board Remuneration (VorstAG; Section 87, Para. 1 of the German Stock Corporation Act [AktG]), is geared towards the sustainable development of the Company. The 121st Annual General Meeting of AUDI...

  • Page 212
    ...extent to which targets included in the Volkswagen Group's Strategy 2018 are achieved. Specifically, this relates to the following targets: // BENEFITS PAID UPON EARLY TERMINATION OF ACTIVITY If the activity is ended with good cause for which the member of the Board of Management is not responsible...

  • Page 213
    ... employee representatives have stated that their remuneration as Supervisory Board members shall be paid to the Hans Böckler Foundation, in accordance with the guidelines of the German Confederation of Trade Unions. 2) Until the close of the Annual General Meeting on May 16, 2013 3) Since the close...

  • Page 214
    ...Sales Dr.-Ing. Frank Dreves (61) Production Axel Strotbek (49) Finance and Organization Mandate: ï,¡ Volkswagen Financial Services AG, Braunschweig Wolfgang Dürheimer (55) In connection with their duties of Group steering and governance within the Audi Group, the members of the Board of Management...

  • Page 215
    ... OF THE SUPERVISORY BOARD MANDATES OF THE SUPERVISORY BOARD MANAGEMENT REPORT Status of all data: December 31, 2013 Prof. Dr. Dr. h. c. mult. Martin Winterkorn (66) Chairman Chairman of the Board of Management of Volkswagen AG, Wolfsburg Chairman of the Board of Management of Porsche Automobil...

  • Page 216
    ... (36) Member of the Works Council of AUDI AG, Ingolstadt plant Helmut Späth (57) MANAGEMENT REPORT A Member of the Board of Management of Volkswagen AG, ï,¡ Bertelsmann SE & Co. KGaA, Gütersloh Dr. jur. Ferdinand Oliver Porsche (52) Member of the Board of Management of Familie Porsche AG...

  • Page 217
    DISCLAIMER MANAGEMENT REPORT DISCLAIMER The Management Report contains forward-looking statements relating to anticipated developments. These statements are based upon current assessments and are by their very nature subject to risks and uncertainties. Actual outcomes may differ from those ...

  • Page 218
    ... BALANCE SHEET OF THE AUDI GROUP // 218 CASH FLOW STATEMENT OF THE AUDI GROUP // 219 STATEMENT OF CHANGES IN EQUITY OF THE AUDI GROUP // 220 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS // 222 Development of fixed assets in the 2013 fiscal year // 222 Development of fixed assets in the 2012 fiscal...

  • Page 219
    INCOME STATEMENT OF THE AUDI GROUP CONSOLIDATED FINANCIAL STATEMENTS INCOME STATEMENT OF THE AUDI GROUP EUR million Notes 2013 2012 1) Revenue Cost of goods sold Gross profit Distribution costs 1 2 49,880 - 40,691 9,188 48,771 - 39,061 9,711 - 4,594 - 527 1,881 - 1,106 5,365 B 3 4 5 6 - 4,641...

  • Page 220
    ...Available-for-sale financial assets Fair value changes recognized in other comprehensive income Fair value changes transferred to profit or loss Available-for-sale financial assets before tax Deferred taxes on financial assets available for sale Available-for-sale financial assets after tax Share of...

  • Page 221
    BALANCE SHEET OF THE AUDI GROUP CONSOLIDATED FINANCIAL STATEMENTS BALANCE SHEET OF THE AUDI GROUP Assets in EUR million Notes Dec. 31, 2013 Dec. 31, 2012 1) Jan. 1, 2012 1) Intangible assets Property, plant and equipment Leasing and rental assets Investment property Investments accounted for...

  • Page 222
    CASH FLOW STATEMENT OF THE AUDI GROUP CASH FLOW STATEMENT OF THE AUDI GROUP EUR million 2013 2012 1) Profit before profit transfer and income taxes Income tax payments Impairment losses (reversals) on capitalized development costs Impairment losses (reversals) on proper , plant and equipment ...

  • Page 223
    ... Adjusted as a result of revision to IAS 19 Position following adjustment as of Jan. 1, 2012 Profit after tax Other comprehensive income after tax 2) Total comprehensive income 2) Capital increase Profit transfer to Volkswagen AG Position as of Dec. 31, 2012 2) Position prior to adjustment as of Jan...

  • Page 224
    ...- 49 - 49 - - - 17 Other reserves Reserve for cash flow hedges Reserve for fair value measurement Investments accounted for using the equity method 31 - 31 - 2 2 - - 33 33 - 33 - - 32 - 32 - - 0 AUDI AG shareholders' interest Equity Non-controlling interests Total 9,580 63 9,643 4,280 - 655 3,624...

  • Page 225
    ... Brand names Goodwill Capitalized development costs, products currently under development Capitalized development costs, products currently in use Payments on account for intangible assets Intangible assets Land, land ri d buildi buildi rd-par land and buildings Plant and machinery Other plant and...

  • Page 226
    ...companies Curr changes Additions Impairment losses Transfers Disposals Reversal of impairment losses Cumulative depreciation and amortization Carrying amounts 223 Jan. 1, 2013 Dec. 31, 2013 Dec. 31, 2013 Dec. 31, 2012... FINANCIAL STATEMENTS B DEVELOPMENT OF FIXED ASSETS IN THE 2013 FISCAL YEAR

  • Page 227
    ... Brand names Goodwill Capitalized development costs, products currently under development Capitalized development costs, products currently in use Payments on account for intangible assets Intangible assets Land, land ri d buildi buildi rd-par land and buildings Plant and machinery Other plant and...

  • Page 228
    ...companies Curr changes Additions Impairment losses Transfers Disposals Reversal of impairment losses Cumulative depreciation and amortization Carrying amounts 225 Jan. 1, 2012 Dec. 31, 2012 Dec. 31, 2012 Dec. 31, 2011... FINANCIAL STATEMENTS B DEVELOPMENT OF FIXED ASSETS IN THE 2012 FISCAL YEAR

  • Page 229
    ... agreement exists. The Consolidated Financial Statements of AUDI AG are included in the Consolidated Financial Statements of Volkswagen AG, which are held on file at the Local Court of Wolfsburg. The purpose of the Company is the development, production and sale of motor vehicles, other vehicles and...

  • Page 230
    ... 4,349 - 16 10 -6 2 -4 of which profit share of AUDI AG shareholders 4,284 -4 4,280 The application of the revision of IAS 19 had the following impact with regard to the reporting period: EUR million Prior to adjustment Total assets 45,177 Dec. 31, 2013 Adjustment Followi adjustment 45,156...

  • Page 231
    ...: defined benefit plans - contributions from employees Separate Financial Statements Investments in Associates and Joint Ventures Financial Instruments: Presentation - Financial Liabilities IAS 39 IFRIC 21 government organizations Improvements to International Financial Reporting Standards 2012...

  • Page 232
    ... Audi website at www.audi.com/subsidiaries. This list can additionally be requested directly from AUDI AG, Financial Communication/Financial Analysis, I/FF-3, 85045 Ingolstadt, Germany. By virtue of their inclusion in the Audi Group's Consolidated Financial Statements, the following companies have...

  • Page 233
    ... FINANCIAL STATEMENTS GENERAL INFORMATION // PARTICIPATIONS IN ASSOCIATED COMPANIES As of the balance sheet date, AUDI AG holds a 10 percent share in FAW-Volkswagen Automotive Company, Ltd. Through its representation in this company's management and supervisory board, AUDI AG is in a position...

  • Page 234
    ... between the selling price and the expected buy-back price is recognized on a straight-line basis over the period between sale and buy-back. Vehicles that are still included in the accounts are reported under inventories. Where additional services have been contractually agreed with the customer in...

  • Page 235
    ... customer base Capitalized development costs 3 years 2-8 years 5-9 years / LEASING AND RENTAL ASSETS Vehicles leased by Audi Group companies, in the case of operating lease agreements, are capitalized at cost of goods sold and depreciated to the calculated residual value on a straight-line basis...

  • Page 236
    ... development of the respective markets, market shares and profitability of the products. The planning period covers a period of five years. Plausible assumptions about future development are made for the subsequent years. The planning premises are in each case adjusted in line with current findings...

  • Page 237
    ...generally corresponds to the market value or trading price. If no active market exists, fair value is determined using investment mathematics methods, for example by discounting future cash flows at the market rate or applying established option pricing models. Financial instruments are abandoned if...

  • Page 238
    ... fair value through profit or loss." Rights to acquire shares in companies, and the model for dealer hedging against potential losses from buy-back obligations for leased vehicles, are also reported in accordance with the rules for "financial instruments measured at fair value through profit or loss...

  • Page 239
    ... used car marketing, updated internal and external information is incorporated into the measurement on an ongoing basis. B 236 / SECURITIES, CASH AND CASH EQUIVALENTS Securities held as current assets are measured at market value, i.e. at the trading price on the balance sheet date. Cash and cash...

  • Page 240
    ...value also includes the expected cost increases. The non-current portions of provisions for service anniversary awards were discounted at 3.7 (3.2) percent. Impairment testing of non-financial assets (particularly goodwill, brand names and capitalized development costs) and of investments accounted...

  • Page 241
    ... rate of growth. Overall, as things currently stand, no major adjustment is expected in the carrying amounts of assets and liabilities in the Consolidated Balance Sheet in the 2014 fiscal year. Management's estimates and assumptions were based in particular on assumptions regarding the development...

  • Page 242
    ... in the Volkswagen Group. Revenue from other automotive business primarily includes deliveries of parts sets to China as well as proceeds from the sale of engines and genuine parts. Revenue from the Motorcycles segment include sales of Ducati motorcycles. purposes. During the 2013 fiscal year there...

  • Page 243
    ... expenses Other operating expenses 2013 306 206 102 16 6 267 903 2012 630 218 81 14 10 152 1,106 Expenses from derivative hedging transactions mainly result from premiums from foreign exchange option contracts and the settlement of currency hedging instruments. The total position in relation to...

  • Page 244
    ... companies for tax purposes, along with taxes owed by AUDI AG and its consolidated subsidiaries, as well as deferred taxes. EUR 1,212 (1,295) million of the actual income tax expense was charged to Volkswagen AG. EUR million Actual income tax expense 2013 1,393 2012 1) 1,502 of which for Germany...

  • Page 245
    ... on research and development expenditure in Hungary are reported under taxexempt income in the reconciliation accounts. The devaluation of deferred tax claims resulted in a deferred tax expense of EUR 19 (-) million. Of the deferred taxes reported in the Balance Sheet, a total of There are loss...

  • Page 246
    ... effects Income tax expense reported Effective tax rate in % 1) Figures have been adjusted to reflect the revised IAS 19. 2013 5,323 1,570 -5 - 160 23 - 14 -5 -9 - 91 1,309 24.6 2012 1) 5,951 1,755 - 14 - 123 13 1 -8 4 - 27 1,602 26.9 243 11 / PROFIT TRANSFER TO VOLKSWAGEN AG The amount of EUR...

  • Page 247
    ... the sale of receivables to Volkswagen Group Services S.A./N.V. and to subsidiaries of Volkswagen AG that are not part of the Audi Group. 13.4 / IMPAIRMENT LOSSES FOR FINANCIAL ASSETS BY CATEGORY EUR million Measured at fair value Measured at amortized cost Impairment losses 2013 - 16 16 2012 1 13...

  • Page 248
    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE BALANCE SHEET 14 / INTANGIBLE ASSETS EUR million Concessions, industrial proper i and similar rights and assets, as well as licenses thereto Brand names Dec. 31, 2013 Dec. 31, 2012 403 418 429 421 of which Automotive of which ...

  • Page 249
    ... STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE BALANCE SHEET // FINANCIAL LEASE PAYMENTS DUE IN THE FUTURE EUR million Lease payments Interest elements Present value 2014 3 1 2 2015 to 2018 14 3 11 From 2019 11 2 9 Total 27 5 22 Payments totaling EUR 138 (115) million for assets...

  • Page 250
    ... in FAW-Volkswagen Automotive Company, Ltd. and Volkswagen Group Services S.A./N.V. are shown in the development of the fixed assets. EUR million Non-current assets Current assets Non-current liabilities Current liabilities Revenues Profit 2013 3,727 4,288 950 3,371 3,960 454 2012 2,535 4,176...

  • Page 251
    ...FINANCIAL STATEMENTS NOTES TO THE BALANCE SHEET 20.2 / CURRENT OTHER FINANCIAL ASSETS EUR million Positive fair values from derivative financial instruments Fixed deposits and loans extended Miscellaneous financial assets Current other financial assets Dec. 31, 2013 405 153 737 1,296 Dec. 31, 2012...

  • Page 252
    ... sale are recognized in the reserve for the market-price measurement of securities. Upon disposal of the securities, share price gains and losses realized are reported under the financial result. Currency translation differences that do not affect profit or loss and, on a pro rata basis, cash flow...

  • Page 253
    ... CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE BALANCE SHEET The balance of EUR 779 (490) million remaining after the transfer of profit to Volkswagen AG is allocated to the retained earnings. The shares held by non-controlling interests in the equity capital...

  • Page 254
    ... Non-current other financial liabilities Dec. 31, 2013 194 2 196 Dec. 31, 2012 218 26 244 The derivative currency hedging instruments reported under other financial liabilities are measured at market values. The total item of currency hedging instruments is presented under Note 37, "Management of...

  • Page 255
    ...the length of service and the remuneration of the employees. Both defined contribution and defined benefit plans exist within the Audi Group for retirement benefit arrangements. In the case of defined contribution plans, the Company pays contributions to public or private-sector pension plans on the...

  • Page 256
    ... components acquired annually are added together. The cost of providing benefits is invested on an ongoing basis in a dedicated fund that is managed on a fiduciary basis by Volkswagen Pension Trust e.V. and invested in the capital market. If the plan assets are higher than the present value of the...

  • Page 257
    ... STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE BALANCE SHEET 31.3 / SENSITIVITY ANALYSIS Present value of defined benefit obligation if Dec. 31, 2013 EUR million Discount rate Remuneration trend Retirement benefit trend Life expectancy + 0.5 percentage points - 0.5 percentage points...

  • Page 258
    ... fiscal year. 31.7 / COMPOSITION OF PLAN ASSETS EUR million Market price in an active market Dec. 31, 2013 No market price in an active market - - - 0 - - 86 - - - - 0 86 Total Market price in an active market Dec. 31, 2012 No market price in an active market - - - 0 - - 85 - - - - - 85 Total Cash...

  • Page 259
    ...Balance of amounts from defined benefit obli ations recognized through profit or loss 2013 132 108 240 2012 106 113 220 256 Net interest expense/income includes the interest cost from the defined benefit obligation and the expected return on plan assets (net interest approach). 31.9 / DEVELOPMENT...

  • Page 260
    ... on high-quality corporate bonds. The remuneration trends encompass anticipated increases in wages and Effective income tax obligations consist primarily of tax liabilities to Volkswagen AG under allocation plans. 33 / OTHER PROVISIONS EUR million Dec. 31, 2013 Total Of which due within one year...

  • Page 261
    ... FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE BALANCE SHEET // DEVELOPMENT OF OTHER PROVISIONS EUR million Jan. 1, 2013 1) Curr differences in scope of consolidated companies Utilization Dissolution Addition Interest effect from measurement Dec. 31, 2013 om sales...

  • Page 262
    ... the Audi Group, level 3 mainly covers residual value hedging arrangements with the retail trade. The input factors for measuring the future development of used car prices cannot be observed on active markets; they are forecast by various independent institutions. The residual value hedging model is...

  • Page 263
    ...31, 2013 EUR million Reconciliation of balance sheet items to classes of financial instruments Ca in amount as per Balance Sheet as of Dec. 31, 2013 Measured at fair value throu h profit or loss Available for sale Loans and receivables B 260 Other long-term investments Other financial assets 290...

  • Page 264
    ...THE CONSOLIDATED FINANCIAL STATEMENTS Classification in measurement levels pursuant to IFRS 7 Financial liabilities measured at amortized cost No category assigned under IAS 39 Measured at fair value Measured at amortized cost Derivative financial instruments with hedging relationships Not within...

  • Page 265
    ...31, 2012 EUR million Reconciliation of balance sheet items to classes of financial instruments Ca in amount as per Balance Sheet as of Dec. 31, 2012 Measured at fair value throu h profit or loss Available for sale Loans and receivables B 262 Other long-term investments Other financial assets 254...

  • Page 266
    ...THE CONSOLIDATED FINANCIAL STATEMENTS Classification in measurement levels pursuant to IFRS 7 Financial liabilities measured at amortized cost No category assigned under IAS 39 Measured at fair value Measured at amortized cost Derivative financial instruments with hedging relationships Not within...

  • Page 267
    ... Note 37.4, "Market risks." Risks resulting from fair value fluctuations in the derivative financial instruments measured according to level 3 are calculated within the Audi Group by means of sensitivity analyses. In this way, effects of changes in commodity price listings on profit and equity are...

  • Page 268
    ... a market interest rate that adequately reflects the risks and is based on matched maturities. Within non-current assets and liabilities, there were no significant changes in the ratios between balance sheet value and fair value. For reasons of materiality, the fair value for current balance sheet...

  • Page 269
    ... in the Balance Sheet - 283 125 - - Net amount of financial assets reported in the Balance Sheet 254 2,251 2,966 1,807 11,170 Financial instruments Collateral received Net amount as of Dec. 31, 2012 Other long-term investments Trade receivables Other financial assets Securities Cash funds 254...

  • Page 270
    ... at Volkswagen AG. The Board of Management and Supervisory Board of AUDI AG are regularly briefed on the current risk situation. Additionally, the Volkswagen Executive Committee for Liquidity and Foreign Currency is regularly updated on the current financial risks. 267 The Group's global business...

  • Page 271
    ...110 Developments of impairments of claims that existed on the balance sheet date and that were measured at amortized cost can be broken down as shown in the above table for the 2013 and 2012 fiscal years. Portfolio-based impairments are not used within the Audi Group. // COLLATERAL The credit risk...

  • Page 272
    ... based on a fixed planning horizon coupled with available yet unused lines of credit assures adequate liquidity at all times in the Audi Group. // ANALYSIS BY MATURITY DATE OF UNDISCOUNTED CASH FROM FINANCIAL INSTRUMENTS EUR million Total Dec. 31, 2013 Financial liabilities Trade payables Other...

  • Page 273
    ... AG on the basis of the contract volume allocated to the Audi Group. In accordance with the Volkswagen organizational guideline, AUDI AG additionally concludes hedging transactions of its own to a limited extent, where this helps to simplify current operations. Marketable derivative financial...

  • Page 274
    ...on profit caused by market-related fluctuations in residual values are partly borne by the Audi Group. The hedging arrangements are based on residual value recommendations, as published by the residual value committee at the time of the contract being concluded, and on current dealer purchase values...

  • Page 275
    ... with change in share prices Commodity price risks Effects on equity with change in commodity prices Effects on profit after tax with change in commodity prices Residual value risks of used cars Effects on profit after tax with change in market prices 153 15 30 12 2013 - 10% + 10% 2012 - 10% 272...

  • Page 276
    ... 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...

  • Page 277
    ...CONSOLIDATED FINANCIAL STATEMENTS ADDITIONAL DISCLOSURES // RECONCILIATION OF CASH AND CASH EQUIVALENTS EUR million Cash funds as per Balance Sheet Currently due fixed deposits with an investment period > 3 months Cash and cash equivalents as per Cash Flow Statement (bank assets and cash deposits...

  • Page 278
    ... conditions defined in the German law on partial retirement. 46 / TOTAL AVERAGE NUMBER OF EMPLOYEES FOR THE YEAR 2013 Domestic companies Foreign companies Employees Apprentices Employees of Audi Group companies Staf om other V not belonging to the Audi Group Workforce n Group companies 342 71,781...

  • Page 279
    ... TO THE CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS ADDITIONAL DISCLOSURES 47 / RELATED PARTY DISCLOSURES Related parties as defined in IAS 24 are: > the parent company, Volkswagen AG, and its subsidiaries and main participations outside the Audi Group, > other parties...

  • Page 280
    ...and Supervisory Board of AUDI AG is presented in the 2013 Annual Financial Report of AUDI AG. The service relationships with the members of the Boards of Management and Supervisory Boards of Volkswagen AG and AUDI AG were conducted at arm's length. As in the previous year, the volume of transactions...

  • Page 281
    ... annual financial statements of the domestic consolidated companies. 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...

  • Page 282
    ... sales of the Audi Group totaled 10.1 (11.0) percent. 49.2 / RECONCILIATION STATEMENT EUR million Segment revenue Consolidation Group revenue Segment profit (operating profit) Consolidation Operating profit Financial result Group profit before tax 2013 49,883 -3 49,880 5,030 - 5,030 293 5,323 2012...

  • Page 283
    ...CONSOLIDATED FINANCIAL STATEMENTS ADDITIONAL DISCLOSURES 49.3 / BY REGION EUR million Germany Revenue Proper , plant and equipment, i ble assets, leasi ental assets, and investment property 10,020 Rest of Europe 15,654 Asia-Pacific 15,622 2013 North America 7,502 South America 589 Africa 493 Total...

  • Page 284
    ... FINANCIAL STATEMENTS 49.5 / REVENUE WITH KEY ACCOUNTS 2013 2012 EUR million Volkswagen AG Volkswagen AG subsidiaries not belonging to the Audi Group Two associated companies 4,252 11,656 9,663 in % 9 23 19 EUR million 4,326 10,779 9,645 in % 9 22 20 50 / GERMAN CORPORATE GOVERNANCE CODE...

  • Page 285
    ... FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS PRINCIPAL GROUP COMPANIES PRINCIPAL GROUP COMPANIES Name and registered office Fully consolidated companies Germany AUDI AG, Ingolstadt Audi Akademie GmbH, Ingolstadt Audi Vertriebsbetreuungsgesellschaft mbH, Ingolstadt Ducati Motor...

  • Page 286
    ... Financial Statements give a true and fair view of the net assets, financial position and results of operations of the Audi Group, and the Combined Management Report of the Audi Group and AUDI AG includes a fair review of the development and performance of the business and the position of the Audi...

  • Page 287
    ..., the balance sheet, the cash flow statement, the statement of changes in equity and the notes to the Consolidated Financial Statements - together with the Group Management Report, which is combined with the Company Management Report, for the business year from January 1 to December 31, 2013. The...

  • Page 288
    ...the German market.) Model Power output (kW) Transmission Fuel Fuel consumption (l/100 km) urban extra urban combined CO2 emissions (g/km) combined Efficiency class Audi A1 A1 1.2 TFSI A1 1.4 TFSI A1 1.4 TFSI (119 g CO2/km) 1) A1 1.4 TFSI A1 1.4 TFSI cylinder on demand A1 1.4 TFSI cylinder on...

  • Page 289
    ... cylinder on demand A3 Cabriolet 1.8 TFSI A3 Cabriolet 1.8 TFSI A3 Cabriolet 2.0 TDI clean diesel A3 Cabriolet 2.0 TDI clean diesel Audi Q3 Q3 1.4 TFSI Q3 1.4 TFSI Q3 2.0 TFSI quattro Q3 2.0 TFSI quattro Q3 2.0 TFSI quattro Q3 2.0 TDI 110 110 125 125 155 103 Premium Premium Premium Premium Premium...

  • Page 290
    ... 7-speed 6-speed multitronic, CVT 6-speed multitronic, CVT 6-speed 6-speed 6-speed 6-speed multitronic, CVT 6-speed S tronic, 7-speed S tronic, 7-speed 6-speed 6-speed 6-speed multitronic, CVT 6-speed 6-speed 6-speed Diesel Diesel Diesel Diesel Diesel Premium Premium Premium Premium Premium Premium...

  • Page 291
    ..., 7-speed 6-speed 6-speed S tronic, 7-speed S tronic, 7-speed S tronic, 7-speed 6-speed multitronic, CVT 6-speed multitronic, CVT 6-speed S tronic, 7-speed Diesel Diesel Diesel Diesel Diesel Diesel Diesel Diesel Premium Premium Premium Premium Premium Premium Premium E85 Premium E85 Premium Premium...

  • Page 292
    ...CVT S tronic, 7-speed S tronic, 7-speed S tronic, 7-speed S tronic, 7-speed 6-speed 6-speed tiptronic, 8-speed tiptronic, 8-speed Premium Diesel Diesel Diesel Diesel Diesel Diesel Diesel Diesel Diesel Diesel Diesel Diesel Diesel Premium Premium Premium Premium Premium Premium Premium Premium Diesel...

  • Page 293
    ...speed S tronic, 7-speed S tronic, 7-speed tiptronic, 8-speed Diesel Diesel Diesel Diesel Diesel Diesel Premium Diesel Premium Premium Premium Premium Premium Premium Diesel Diesel Diesel Diesel Diesel Diesel Diesel Diesel Diesel Diesel Premium Premium Premium Premium Premium Premium Premium Premium...

  • Page 294
    ... E E 291 1803) tiptronic, 8-speed 1803) tiptronic, 8-speed 1) Contains restrictions with regard to optional extras 2) This model is not yet on sale. It does not yet have type approval and therefore does not comply with Directive 1999/94/EC. 3) Total system output (briefly) Further information on...

  • Page 295
    ... 2006 2007 2008 2009 2010 2011 2012 2) 2013 10-YEAR OVERVIEW Motorcycles segment Deliveries to customers Automotive segment Audi brand Germany Outside Germany Lamborghini brand Other Volkswagen Group brands Motorcycles segment Ducati brand Cars Cars Cars Cars Cars Cars Motorcycles Motorcycles 971...

  • Page 296
    ... Code, HGB) Corporate Responsibility Report on expected developments, risks and opportunities Corporate Governance Report CONSOLIDATED FINANCIAL STATEMENTS OF THE AUDI GROUP FOR THE FISCAL YEAR FROM JANUARY 1 TO DECEMBER 31, 2013 Income Statement Statement of Comprehensive Income Balance Sheet Cash...

  • Page 297
    We feel tomorrow. AUDI AG 85045 Ingolstadt Germany Phone +49 841 89-0 Fax +49 841 89-32524 email [email protected] www.audi.com Financial Communication/ Financial Analysis I/FF-3 Phone +49 841 89-40300 Fax +49 841 89-30900 email [email protected] www.audi.com/investor-relations