Audi 2013 Annual Report Download - page 244

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE INCOME STATEMENT
CONSOLIDATED FINANCIAL STATEMENTS
241
B
9 / OTHER FINANCIAL RESULTS
EUR million 2013 2012
Result from participations 60 47
of which result from participations 53 43
of which income from profit transfer agreements 7 4
Result from disposals of securities 6 –14
Income and expense from the measurement of
non-derivative financial instruments 1 1
Write-ups on non-derivative financial instruments 8 4
Income and expense from fair value measurement of
derivative financial instruments –628 –71
Interest and similar income 96 203
Other income 452 404
Other financial results –4 574
Income from investments primarily relates to a share in the
profits of Volkswagen Logistics GmbH & Co. OHG. Income and
expense from the fair value measurement of derivative financial
instruments include fair value fluctuations. The total position
in relation to hedging instruments is presented under Note 37.5,
“Methods of monitoring the effectiveness of hedging relation-
ships.” Interest income is attributed on an accrual basis.
10 / INCOME TAX EXPENSE
Income tax expense includes taxes passed on by Volkswagen AG
on the basis of the single-entity relationship between the two
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 2013 2012 1)
Actual income tax expense 1,393 1,502
of which for Germany 1,255 1,327
of which for foreign countries 139 175
of which income from the dissolution of tax provisions –3 –17
Deferred tax income/expenses –85 99
of which for Germany –27 169
of which for foreign countries –57 –70
Income tax expense 1,309 1,602
of which non-periodic tax income –5 –8
1) Figures have been adjusted to reflect the revised IAS 19.
The actual taxes in Germany are calculated at a tax rate of
29.5 (29.5) percent. This represents the sum of the corporation
income tax rate of 15.0 percent, the solidarity surcharge of
5.5 percent and the average trade income tax rate for the
Group. The deferred taxes for companies in Germany are calcu-
lated at a rate of 29.8 (29.5) percent. The local income tax
rates applied to foreign companies range from 0 percent to
38 percent.