Audi 2014 Annual Report Download - page 277

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
ADDITIONAL DISCLOSURES
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47 / AUDITOR’S FEES
EUR thousand 2014 2013
Auditing of the financial statements 998 770
Other assurance services 251 305
Tax consultancy services 7 4
Other services 642 371
Auditor’s fees 1,898 1,450
Based on the requirements of commercial law, the auditor’s
fees include auditing of the Consolidated Financial Statements
and auditing of the annual financial statements of the domes-
tic consolidated companies.
48 / SEGMENT REPORTING
The segmentation of business activities is based on the internal
management and reporting of the Company pursuant to IFRS 8.
The decision-making body for both segments with regard to
the allocation of resources and the valuation of profitability is
the full Board of Management.
The Audi Group focuses its economic activities on the Auto-
motive and Motorcycles segments, both of which are subject
to reporting requirements. Whilst the Motorcycles segment
can be considered to be immaterial pursuant to IFRS 8, it is
reported here as a segment in its own right for information
purposes.
The activities of the Automotive segment encompass the devel-
opment, production, assembly and distribution of vehicles of
the Audi and Lamborghini brands, and the distribution of
vehicles of other brands in the Volkswagen Group as well as
the accompanying accessories and spare parts business.
The activities of the Motorcycles segment include the devel-
opment, production, assembly and distribution of Ducati
brand motorcycles, including accessories and spare parts.
As a general rule, the segment reporting is based on the same
reporting, recognition and measurement principles as applied
to the Consolidated Financial Statements. Business relations
between the companies of the segments in the Audi Group are
generally based on the same prices as those agreed with third
parties. Consolidation between the segments is carried out in
the Reconciliation column. Investments in property, plant and
equipment, investment property and intangible assets (includ-
ing capitalized development costs) are reported excluding
investments in the context of the finance lease. The central key
performance indicators used to manage the Automotive and
Motorcycles segments include “Operating profit” and “Operat-
ing return on sales.”
Internal reporting corresponds to external IFRS reporting. The
full Board of Management regularly monitors, among others,
the following financial and economic key figures: