Audi 2014 Annual Report Download - page 227

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
GENERAL INFORMATION
>> 227
Standard/Interpretation Published by
the IASB
Mandatory
application 1) Endorsed by the EU
Effects
IFRS 9 Financial Instruments Jul. 24, 2014 Jan. 1, 2018 No Modified reporting of fair value changes
relating to financial instruments previ-
ously categorized as available for sale,
modified process for risk provisioning,
extension of designation options for
hedge accounting, simpler reviews of
effectiveness, extension of disclosures
IFRS 10 and
IAS 28
Consolidated Financial Statements and
Investments in Associates and Joint
Ventures:
Sale or Contribution of Assets between
an Investor and its Associate or Joint
Venture
Sept. 11, 2014 Jan. 1, 2016 No None
IFRS 10,
IFRS 12 and
IAS 28
Consolidated Financial Statements and
Investments in Associates and Joint
Ventures:
Consolidation Exemptions for
Investment Entities
Dec.12, 2014 Jan. 1, 2016 No None
IFRS 11 Joint Arrangements:
Accounting for Acquisitions of
Interests in Joint Operations
May 6, 2014 Jan. 1, 2016 No None
IFRS 14 Regulatory Deferral Accruals Jan. 30, 2014 Jan. 1, 2016 No None
IFRS 15 Revenue from Contracts with
Customers
May 28, 2014 Jan. 1, 2017 No Likely to have no material impact on
revenue recognition, extension of
disclosures
IAS 1 Presentation of Financial Statements Dec.12, 2014 Jan. 1, 2016 No No material impact
IAS 16 and
IAS 38
Clarification of Acceptable Methods of
Depreciation and Amortization
May 12, 2014 Jan. 1, 2016 No No material impact
IAS 16 and
IAS 41
Agriculture:
Bearer Plants
June 30, 2014 Jan. 1, 2016 No None
IAS 19 Employee Benefits: Defined Benefit
Plans – Contributions from Employees
Nov. 21, 2013 Jan. 1, 2016 Yes No material impact
IAS 27 Separate Financial Statements:
Equity Method
Aug. 12, 2014 Jan. 1, 2016 No None
Improvements to International
Financial Reporting Standards 2012 2) Dec. 12, 2013 Jan. 1, 2016 Yes Essentially extension of disclosures in relation to segment reporting
Improvements to International
Financial Reporting Standards 2013 3) Dec. 12, 2013 Jan. 1, 2015 Yes No material impact
Improvements to International
Financial Reporting Standards 2014 4) Sept. 25, 2014 Jan. 1, 2016 No Extended disclosures pursuant to IFRS 7 likely
IFRIC 21 Levies May 20, 2013 Jan. 1, 2015 Yes None
1) Mandatory first-time application from the perspective of AUDI AG.
2) Minor changes to a number of IFRS (IFRS 2, IFRS 3, IFRS 8, IFRS 13, IAS 16/38, IAS 24).
3) Minor changes to a number of IFRS (IFRS 1, IFRS 3, IFRS 13, IAS 40)
4) Minor changes to a number of IFRS (IFRS 5, IFRS 7, IAS 19, IAS 34).
/ CONSOLIDATED COMPANIES
In addition to AUDI AG, all of the material domestic and for-
eign subsidiaries are included in the Consolidated Financial
Statements in cases where AUDI AG has direct or indirect
decision-making power over the relevant activities, thereby
influencing its own variable returns. The inclusion in the
group of consolidated companies begins or ends on the date
on which the control is acquired or lost.
Securities special funds are also included in the Audi Group’s
Consolidated Financial Statements. These structured entities
pursuant to IFRS 12 do not present any special risks or result
in any particular obligations for Audi.
Companies in which AUDI AG does not hold any interests,
either directly or indirectly, are also included in the Consoli-
dated Financial Statements. As a result of contractual agree-
ments, however, AUDI AG exerts control. Non-controlling
interests in equity and in profit are allocated to the following
companies on a 100 percent basis in each case.