Audi 2014 Annual Report Download - page 249

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE BALANCE SHEET
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The capital reserve contains premiums paid in connection with
the issuance of shares in the Company. During the year under
review, the capital reserve of AUDI AG, rose to
EUR 1,591 million as a result of a contribution in the amount
of EUR 8,570 million by Volkswagen AG, Wolfsburg.
Retained earnings comprise accumulated gains and the revalu-
ations from pension plans.
Other reserves include changes in value recognized with no
effect on profit or loss relating to cash flow hedges, to the
market values of securities and to interests measured at equity,
as well as currency translation differences.
The opportunities and risks under contracts for foreign exchange
futures and foreign exchange options, and under commodity
price transactions serving as hedges for future cash flows are
deferred in the reserve for cash flow hedges with no effect on
profit or loss. When the cash flow hedges become due, the
results from the settlement of the hedging contracts are re-
ported under the operating profit.
Unrealized gains and losses from the measurement at fair value
of available-for-sale financial assets are recognized in the
reserve for the market-price measurement of securities. Upon
disposal of the securities, share price gains and losses realized
are reported under the financial result.
Currency translation differences that do not affect profit or
loss and, on a pro rata basis, cash flow hedges with no effect
on profit or loss as well as the effects from the revaluation of
pension schemes of companies valued at equity are included in
the reserve for investments accounted for using the equity
method.
The balance of EUR 1,128 (779) million remaining after the
transfer of profit to Volkswagen AG is allocated to the retained
earnings.
Summarized information on the individual statements from
the material companies in which non-controlling interests hold
a stake is provided in the following table.
EUR million Audi of America, LLC Audi Canada Inc.
Dec. 31, 2014 Dec. 31, 2013 Dec. 31, 2014 Dec. 31, 2013
Non-current assets 290 220 33 27
Current assets 2,654 2,085 363 286
Non-current liabilities 530 401 85 62
Current liabilities 2,073 1,656 250 205
Non-controlling interests 341 248 61 45
EUR million Audi of America, LLC Audi Canada Inc.
2014 2013 2014 2013
Revenue 6,695 6,038 910 828
Profit after tax 1) 48 38 13 14
Other comprehensive income after tax 46 – 15 3 –5
Total comprehensive income 94 23 16 9
Share of total comprehensive income of non-controlling interests 94 23 16 9
Dividends paid to other non-controlling interests – – – –
Cash flow from operating activities –8 104 34 6
Cash flow from investing activities – 674 3 – 119 21
of which change in fixed deposits and loans extended – 669 –7 – 117 19
Cash flow from financing activities 92 161 136 – 21
Change in cash and cash equivalents due to changes in exchange rates 133 – 66 7 – 13
Change in cash and cash equivalents – 457 202 57 –7
1) No operations were discontinued in the period under review.