Annual Financial Statements of Volkswagen AG 1
Balance Sheet Annual Financial Statements of Volkswagen AG 1 Annual Financial Statements of Volkswagen AG Balance Sheet of Volkswagen AG as of December 31, 2018 € million Note Dec. 31, 2018 Dec. 31, 2017 Assets Fixed assets Intangible assets 1 230 269 Tangible assets 1 6,731 6,972 Long-term financial assets 1 112,752 106,462 119,713 113,703 Current assets Inventories 2 5,140 4,889 Receivables and other assets 3 36,895 32,192 Cash-in-hand and bank balances 4 14,595 5,798 56,630 42,880 Prepaid expenses 70 111 Total assets 176,412 156,693 Equity and Liabilities Equity Subscribed capital 5 1,283 1,283 Ordinary shares 755 755 Preferred shares 528 528 Contingent capital - - Capital reserve 6 15,021 15,021 Revenue reserves 7 14,367 11,953 Net retained profits 2,419 2,181 33,090 30,438 Special tax-allowable reserves 8 19 21 Provisions 9 39,870 39,930 Liabilities 10 102,308 85,064 Deferred income 11 1,126 1,240 Total equity and liabilities 176,412 156,693 2 Annual Financial Statements of Volkswagen AG Income Statement Income Statement of Volkswagen AG for the Period January 1 to December 31, 2018 € million Note 2018 2017 Sales 12 78,001 76,729 Cost of sales – 72,700 – 73,355 Gross profit on sales 5,301 3,375 Distribution expenses – 5,760 – 5,677 General and administrative expenses – 1,865 – 1,426 Other operating income 13 5,673 6,451 Other operating expenses 14 – 6,089 – 6,605 Financial result 15 8,264 8,644 Write-downs of long-term financial assets and securities classified as current assets - 0 Taxes on income – 907 – 409 Earnings after taxes 4,620 4,353 Net income / loss for the year 4,620 4,353 Notes to the annual financial statements Annual Financial Statements of Volkswagen AG 3 Notes to the Annual Financial Statements of Volkswagen AG for the Period ended December 31, 2018 Financial statements in accordance with the German Commercial Code Volkswagen AG is domiciled in Wolfsburg, Germany, and entered in the commercial register at the Braun- schweig Local Court under no.
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