Audi 2013 Annual Report Download - page 279

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
ADDITIONAL DISCLOSURES
CONSOLIDATED FINANCIAL STATEMENTS
276
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47 / RELATED PARTY DISCLOSURES
Related parties as defined in IAS 24 are:
>the parent company, Volkswagen AG, and its subsidiaries
and main participations outside the Audi Group,
>other parties (individuals and companies) that could be
influenced by the reporting entity or that could influence
the reporting entity, such as
>the members of the Board of Management and
Supervisory Board of AUDI AG,
>the members of the Board of Management and
Supervisory Board of Volkswagen AG,
>associated companies and their subsidiaries,
>non-consolidated subsidiaries.
At 50.73 percent, Porsche Automobil Holding SE held the
majority of the voting rights in Volkswagen AG as of the
balance sheet date. The creation of rights of appointment for
the State of Lower Saxony was resolved at the Extraordinary
General Meeting of Volkswagen AG on December 3, 2009. As a
result, Porsche Automobil Holding SE can no longer appoint
the majority of the members of the Supervisory Board of
Volkswagen AG for as long as the State of Lower Saxony holds
at least 15 percent of Volkswagen AG’s ordinary shares. How-
ever, Porsche Automobil Holding SE has the power to participate
in the operating policy decisions of the Volkswagen Group.
47.1 / SCOPE OF TRANSACTIONS WITH VOLKSWAGEN AG AND WITH OTHER SUBSIDIARIES AND
PARTICIPATIONS NOT BELONGING TO THE AUDI GROUP
EUR million 2013 2012
Goods and services supplied to
Volkswagen AG 5,491 5,065
not belonging to the Audi Group 12,123 11,285
Goods and services received from
Volkswagen AG 5,757 6,187
not belonging to the Audi Group 5,369 4,905
Receivables from
Volkswagen AG 5,192 3,730
not belonging to the Audi Group 2,786 2,344
Commitments toward
Volkswagen AG 5,720 5,969
not belonging to the Audi Group 3,071 3,073
Contingent liabilities to
Volkswagen AG – –
not belonging to the Audi Group 33 61
Collateral posted with
Volkswagen AG – –
not belonging to the Audi Group 69 75
As of December 31, 2013, sales of receivables to Volkswagen AG
subsidiaries not belonging to the Audi Group amounted to
EUR 2,958 (2,829) million. This also includes sales of receiv-
ables to Volkswagen Group Services S.A./N.V. totaling
EUR 1,955 (1,942) million.
The possibility of a claim arising from contingencies is not
regarded as likely.
The receivables do not include any cash funds invested with
Volkswagen AG.