Audi 2013 Annual Report Download - page 260

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE BALANCE SHEET
CONSOLIDATED FINANCIAL STATEMENTS
257
B
31.10 / ACTUARIAL PREMISES FOR THE CALCULATION OF PENSION OBLIGATIONS
in % Dec. 31, 2013 Dec. 31, 2012
Discount rate 3.70 3.20
Remuneration trend 3.50 2.90
Retirement benefit trend 1.80 1.80
The figures shown are average figures, weighted in accordance
with the present values of the defined benefit obligation.
The “2005 G Reference Tables” published by HEUBECK-
RICHTTAFELN-GmbH, Cologne, served as the biometric basis
for calculation of retirement benefits.
The discounting rates are as a general rule determined on the
basis of the yields on high-quality corporate bonds. The remu-
neration trends encompass anticipated increases in wages and
salaries, which also take account of pay increases linked to pro-
motion. The retirement benefit trends either correspond to the
contractually agreed guaranteed adjustments or are based on
the relevant rules on pension indexing. The staff turnover rates
are based on past experience and expectations for the future.
32 / EFFECTIVE INCOME TAX OBLIGATIONS
Effective income tax obligations consist primarily of tax liabili-
ties to Volkswagen AG under allocation plans.
33 / OTHER PROVISIONS
EUR million Dec. 31, 2013 Dec. 31, 2012 1)
Total Of which
due within
one year
Total Of which
due within
one year
Obligations from sales operations 5,591 2,279 5,102 1,936
Workforce-related provisions 1,051 367 923 194
Miscellaneous provisions 984 714 955 673
Other provisions 7,625 3,360 6,981 2,803
1) Figures have been adjusted to reflect the revised IAS 19.
Obligations from sales operations primarily comprise warranty
claims from the sale of vehicles, components and genuine
parts. Warranty claims are determined on the basis of previous
or estimated future loss experience. This item additionally
includes rebates, bonuses and similar discounts due to be
granted and arising subsequent to the balance sheet date but
occasioned by revenue prior to the balance sheet date.
The workforce-related provisions are created for such purposes
as service anniversary awards, partial retirement arrangements
and suggestions for improvements. The refund claims against
the German Federal Employment Agency as part of implemen-
tation of the partial retirement model are reported under other
assets (Note 21, “Other receivables”).
The other provisions include reserves for price and process risks.
Anticipated outflows from other provisions are 44 percent in the
following year, 48 percent in the years 2015 through 2018, and
8 percent thereafter.