Audi 2013 Annual Report Download - page 253

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE BALANCE SHEET
CONSOLIDATED FINANCIAL STATEMENTS
250
B
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 can be broken down as follows, with each shareholder
holding 100 percent of the shares in the listed companies and
to whom the result achieved by the Company is attributable:
Fully consolidated Group company Non-controlling interests
Audi Canada Inc., Ajax (Canada) Volkswagen Group Canada, Inc., Ajax (Canada)
Audi of America, LLC, Herndon (USA) VOLKSWAGEN GROUP OF AMERICA, INC., Herndon (USA)
Automobili Lamborghini America, LLC, Wilmington, Delaware (USA) VOLKSWAGEN GROUP OF AMERICA, INC., Herndon (USA)
27 / FINANCIAL LIABILITIES
27.1 / NON-CURRENT FINANCIAL LIABILITIES
EUR million Dec. 31, 2013 Dec. 31, 2012
Loans 13 16
Liabilities from financial lease agreements 172 129
Non-current financial liabilities 186 145
27.2 / CURRENT FINANCIAL LIABILITIES
EUR million Dec. 31, 2013 Dec. 31, 2012
Liabilities to factoring companies 1,155 1,057
Loans 65 104
Liabilities from financial lease agreements 7 7
Current financial liabilities 1,228 1,168
Measurement of the non-current and current financial lease
agreements is based on market interest rates in each case.
28 / DEFERRED TAX LIABILITIES
The temporary differences between tax bases and carrying
amounts in the Consolidated Financial Statements are explained
under “Deferred tax” in the “Recognition and measurement
principles,” and under Note 10, “Income tax expense.”
Pursuant to IAS 1, deferred tax liabilities are reported as non-
current liabilities, irrespective of their maturities.