Audi 2015 Annual Report Download - page 275

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
ADDITIONAL DISCLOSURES
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// RECONCILIATION OF CASH AND CASH EQUIVALENTS
EUR million Dec. 31, 2015 Dec. 31, 2014
Cash funds as per Balance Sheet 12,375 11,391
Currently due fixed deposits with an investment period > 3 months – 5,156 – 7,702
Cash and cash equivalents as per Cash Flow Statement (bank assets and
cash deposits with maturities of no more than three months) 7,218 3,689
Only the short-term fixed deposits whose original investment
term is no more than three months are included in the cash
and cash equivalents of the Cash Flow Statement.
The figures for cash and cash equivalents include cash pool
receivables in the amount of EUR 6,059 (2,330) million.
38 / CONTINGENT LIABILITIES
EUR million Dec. 31, 2015 Dec. 31, 2014 1)
Contingent liabilities from sureties 7 67
Other contingent liabilities 12 9
Contingent liabilities 18 77
1) The previous year was adjusted.
Contingent liabilities are unrecognized contingencies whose
amount corresponds to the likely utilization as of the balance
sheet date. Financial guarantees as defined under IFRS 7 are
now only reported under liquidity risks under Note 36.3 and
are no longer included under liabilities from sureties.
As explained under Note 32 “Other provisions,” no contingent
liabilities exist in connection with the diesel issue.
39 / LITIGATION
As part of their operational activities, AUDI AG and the compa-
nies in which it holds direct or indirect interests are involved in
legal disputes and official proceedings. Such legal disputes
and procedures are particularly likely to occur in relation to
suppliers, dealers, customers or employees. They may result in
payment or other obligations for the companies involved.
Particularly in cases where U.S. customers assert claims relat-
ing to vehicle faults, whether individually or in the form of
class actions, very expensive measures may be required and
may necessitate the payment of significant amounts in compen-
sation or punitive damages. U.S. patent infringement proceed-
ings are also associated with similar risks. Other provisions take
account of such risks to the extent that an outflow of resources
is likely to occur in the future and can be reliably estimated.
Legal disputes frequently involve complex legal issues. Conse-
quently, assumptions must be made regarding the likelihood
of an outflow of resources, the amount of any such outflow
and the duration of the case. This means that the recognition
and measurement of provisions to cover legal risks involve a
degree of uncertainty.
For information regarding the legal risks arising from the
diesel issue, please refer to the disclosures under the point
“Notes on the diesel issue” in the general information in the
Notes.
Furthermore, neither AUDI AG nor any of its Group companies
are involved in ongoing or prospective legal or arbitration
proceedings that could have a significant influence on their
economic position.