Audi 2015 Annual Report Download - page 276

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
ADDITIONAL DISCLOSURES
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40 / CHANGE OF CONTROL AGREEMENTS
Change of control clauses are contractual agreements between
a company and third parties to provide for legal succession
should there be a direct or indirect change in the ownership
structure of any party to the contract.
A contract relating to the acquisition of the HERE Group com-
panies and the associated establishment of There Holding B.V.,
Rijswijk (Netherlands) was concluded by AUDI AG, BMW AG
and Daimler AG during the fiscal year. In the event of a change
of control at one of the contractual partners, the contract
obliges that partner to offer to sell its shares in There Holding
B.V. to the other shareholders. If none of the other parties takes
on these shares, the other parties have the right to resolve the
winding up of There Holding B.V.
Moreover, the main contractual agreements between the Audi
Group and third parties do not contain any change of control
clauses in the event of a change in the ownership structure of
AUDI AG or its subsidiaries.
41 / OTHER FINANCIAL OBLIGATIONS
EUR million Due Dec. 31, 2015 Due Dec. 31, 2014
Within 1 year 1 to 5 years Over 5 years Total Over 1 year Total
Purchase orders for property, plant
and equipment 2,384 705 – 3,090 985 3,110
Purchase orders for intangible assets 267 36 – 303 85 392
Commitments from long-term rental
and lease agreements 157 297 131 585 409 550
Miscellaneous financial obligations 853 343 138 1,334 341 921
Other financial obligations 3,661 1,381 270 5,311 1,820 4,973
Supply contracts are in place for series production material.
Binding orders are placed and contracts are activated for the
material as such material is needed on the basis of the specified
production and sales schedule.
42 / DISCONTINUED OPERATIONS
There are no plans to discontinue or cease operations as defined
by IFRS 5.
43 / COST OF MATERIALS
EUR million 2015 2014
Expenses for raw materials and supplies, as well as purchased goods 34,055 32,343
Expenses for purchased services 3,529 3,680
Cost of materials 37,583 36,024