Audi 2013 Annual Report Download - page 280

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
ADDITIONAL DISCLOSURES
CONSOLIDATED FINANCIAL STATEMENTS
277
B
47.2 / BUSINESS RELATIONS WITH SUBSIDIARIES AND ASSOCIATED COMPANIES OF THE AUDI GROUP
EUR million
Goods and services
supplied
Goods and services
received
2013 2012 2013 2012
Associated companies 9,675 9,671 236 126
Non-consolidated subsidiaries 50 31 129 84
EUR million Receivables from Liabilities to
Dec. 31, 2013 Dec. 31, 2012 Dec. 31, 2013 Dec. 31, 2012
Associated companies 1,490 1,496 1,498 1,316
Non-consolidated subsidiaries 82 13 26 11
Contingent liabilities to associated companies totaled
EUR 140 (46) million as of December 31, 2013. No utilization
is expected.
All business transactions with related parties have been con-
ducted on the basis of international comparable uncontrolled
price methods pursuant to IAS 24, according to the terms that
customarily apply to outside third parties. The goods and ser-
vices procured from related parties primarily include supplies
for production and supplies of genuine parts, as well as devel-
opment, transportation, financial and distribution services, and,
to a lesser extent, design, training and other services. Business
transacted for related parties mainly comprises sales of new
and used cars, engines and components, and allocation of cash
and cash equivalents in the form of loans, fixed deposits and
overnight deposits.
AUDI AG and its Group companies primarily deposit their cash
funds with the Volkswagen Group or take up cash funds from
the Volkswagen Group. All transactions are processed under
market conditions.
Members of the Boards of Management or Supervisory Boards
of Volkswagen AG and AUDI AG also belong to the supervisory
or management boards of other companies with which the
Audi Group maintains business relations. All transactions with
such companies and persons are similarly conducted according
to the terms that customarily apply to outside third parties. In
this connection, goods and services amounting to a total value
of EUR 258 (209) thousand were provided to the German State
of Lower Saxony and to companies in which the State of Lower
Saxony holds a majority stake.
A full list of the supervisory board mandates of members of the
Board of Management and Supervisory Board of AUDI AG is
presented in the 2013 Annual Financial Report of AUDI AG.
The service relationships with the members of the Boards of
Management and Supervisory Boards of Volkswagen AG and
AUDI AG were conducted at arm’s length. As in the previous
year, the volume of transactions was low. Overall, services in
the amount of EUR 103 (114) thousand were rendered to this
group of individuals during the fiscal year. The Audi Group did
not receive services of this group of individuals in this fiscal
year (previous year EUR 942 thousand). Receivables totaled
EUR 41 (44) thousand. For details of the remuneration paid to
the members of the Board of Management and Supervisory
Board of AUDI AG, please refer to Note 51, “Details relating
to the Supervisory Board and Board of Management.” The
employee representatives employed at AUDI AG in the Super-
visory Board continue to receive their normal salary in accord-
ance with their employment contract. This is based on the
provisions of the German Works Constitution Act and corre-
sponds to an appropriate remuneration for the function or
activity exercised in the Company. This similarly applies to
representatives of executive staff.