Audi 2013 Annual Report Download - page 242

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE INCOME STATEMENT
CONSOLIDATED FINANCIAL STATEMENTS
239
B
NOTES TO THE INCOME STATEMENT
1 / REVENUE
EUR million 2013 2012
Audi brand 35,827 35,851
Lamborghini brand 458 421
Other Volkswagen Group brands 2,827 2,725
Other automotive business 10,194 9,565
Automotive 49,307 48,562
Ducati brand 450 148
Other motorcycles business 123 61
Motorcycles 573 209
Revenue 49,880 48,771
As well as sales generated by the Audi and Lamborghini brands,
revenue from the Automotive segment also includes revenue
from the other brands 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.
2 / COST OF GOODS SOLD
Amounting to EUR 40,691 (39,061) million, cost of goods sold
comprises the costs incurred in generating revenue and pur-
chase prices in trading transactions. This item also includes
expenses resulting from the formation of provisions for warran-
ty costs, for development costs that cannot be capitalized, for
depreciation and impairment losses of capitalized development
costs, and for property, plant and equipment for manufacturing
purposes. During the 2013 fiscal year there was only a low
level of impairment losses on property, plant and equipment
and intangible assets (previous year: EUR 3 million).
3 / DISTRIBUTION COSTS
Distribution costs of EUR 4,641 (4,594) million substantially
comprise labor and materials costs for marketing and sales
promotion, advertising, public relations activities and out-
ward freight, as well as depreciation attributable to the sales
organization.
4 / ADMINISTRATIVE EXPENSES
Administrative expenses of EUR 566 (527) million include labor
and other costs, as well as depreciation attributable to admin-
istrative operations.
5 / OTHER OPERATING INCOME
EUR million 2013 2012
Income from derivative hedging transactions 493 127
Income from rebilling 473 475
Income from the dissolution of provisions 240 544
Income from ancillary business 223 205
Income from the processing of payments in foreign currency 142 251
Income from the disposal of assets 12 4
Income from the reversal of impairment losses of receivables and other assets 1 6
Income from the write-up of intangible assets 0 20
Miscellaneous operating income 368 249
Other operating income 1,952 1,881