Audi 2013 Annual Report Download - page 246

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE INCOME STATEMENT
CONSOLIDATED FINANCIAL STATEMENTS
243
B
10.2 / RECONCILIATION OF EXPECTED TO REPORTED INCOME TAX EXPENSE
EUR million 2013 2012 1)
Profit before income tax 5,323 5,951
Expected income tax expense 29.5% (29.5%) 1,570 1,755
Reconciliation:
Divergent foreign tax burden –5 –14
Tax portion for tax-exempt income –160 –123
Tax portion for expenses not deductible for tax purposes 23 13
Tax portion for temporar fferences and losses for which no
deferred tax has been recorded –14 1
Tax income relating to other periods –5 –8
Effects of tax rate changes –9 4
Other tax effects –91 –27
Income tax expense reported 1,309 1,602
Effective tax rate in % 24.6 26.9
1) Figures have been adjusted to reflect the revised IAS 19.
11 / PROFIT TRANSFER TO VOLKSWAGEN AG
The amount of EUR 3,182 (3,790) million will be transferred
to Volkswagen AG under the profit transfer agreement with
AUDI AG.
12 / EARNINGS PER SHARE
2013 2012 1)
Profit share of AUDI AG shareholders (EUR million) 3,961 4,280
Weighted average number of shares 43,000,000 43,000,000
Earnings per share in EUR 92.13 99.52
1) Figures have been adjusted to reflect the revised IAS 19.
Basic earnings per share are calculated by dividing the share of
profit due to AUDI AG shareholders by the weighted average
number of shares in circulation during the fiscal year.
In the case of AUDI AG, the diluted earnings per share are the
same as the basic earnings per share, since there were no poten-
tial shares of AUDI AG in existence at either December 31, 2013
or December 31, 2012.
Outside shareholders of AUDI AG will receive a compensatory
payment for each no-par share in lieu of a dividend for the
2013 fiscal year. The level of this payment corresponds to the
dividend that is paid on one ordinary share of Volkswagen AG.
The dividend payment will be resolved by the General Meeting
of Volkswagen AG on May 13, 2014.
13 / ADDITIONAL DISCLOSURES ON FINANCIAL
INSTRUMENTS IN THE INCOME STATEMENT
13.1 / CATEGORIES
Financial instruments are categorized as follows in accordance
with IFRS 7:
>measured at fair value,
>measured at amortized cost,
>not within the scope of IFRS 7.
Not within the scope of IFRS 7 are, in particular, investments
accounted for using the equity method that are neither finan-
cial instruments as defined in IAS 39 nor as defined in IFRS 7.