Building a Sustainable Future 3 487 Order3 804 Intake (€ Million) 2018
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Separate Financial Statements Fiscal Year 2019
201Separate financial9 statements PPorscheorsche TaycanTaycan TurboTurbo S 3 Content Group management report and management report of Porsche Automobil Holding SE 6 Fundamental information about the group 10 Report on economic position 12 Significant events and developments at the Porsche SE Group 12 Significant events and developments at the Volkswagen Group 20 Business development 24 Results of operations, financial position and net assets 31 Porsche Automobil Holding SE (financial statements pursuant to the German Commercial Code) 37 Sustainable value enhancement in the Porsche SE Group 41 Overall statement on the economic situation of Porsche SE and the Porsche SE Group 43 Remuneration report 44 Opportunities and risks of future development 52 Publication of the declaration of compliance and corporate governance report 78 Subsequent events 79 Forecast report and outlook 80 Glossary 85 4 Financials 86 Balance sheet of Porsche Automobil Holding SE 90 Income statement of Porsche Automobil Holding SE 91 Notes to the consolidated fi nancial statements 92 Independent auditor’s report 212 Responsibility statement 220 5 VVolkswagenolkswagen IID.3D.3 6 1 Group management report and management report of Porsche Automobil Holding SE 7 8 Group management report and management report of Porsche Automobil Holding SE 6 Fundamental information about the group 10 Report on economic position 12 Significant events and developments at the Porsche SE Group 12 Significant events and developments at the Volkswagen Group 20 Business development 24 Results -
Volkswagen AG Annual Report 2009
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VOLKSWAGEN AKTIENGESELLSCHAFT Shareholdings of Volkswagen AG and the Volkswagen Group in accordance with sections 285 and 313 of the HGB and presentation of the companies included in Volkswagen's consolidated financial statements in accordance with IFRS 12 as of 31.12.2019 Exchange rate VW AG 's interest Equity Profit/loss (1€ =) in capital in % in thousands, in thousands, Name and domicile of company Currency Dec. 31, 2019 Direct Indirect Total local currency local currency Footnote Year I. PARENT COMPANY VOLKSWAGEN AG, Wolfsburg II. SUBSIDIARIES A. Consolidated companies 1. Germany ASB Autohaus Berlin GmbH, Berlin EUR - 100.00 100.00 16,272 1,415 2018 AUDI AG, Ingolstadt EUR 99.64 - 99.64 13,701,699 - 1) 2019 Audi Berlin GmbH, Berlin EUR - 100.00 100.00 9,971 - 1) 2018 Audi Electronics Venture GmbH, Gaimersheim EUR - 100.00 100.00 60,968 - 1) 2019 Audi Frankfurt GmbH, Frankfurt am Main EUR - 100.00 100.00 8,477 - 1) 2018 Audi Hamburg GmbH, Hamburg EUR - 100.00 100.00 13,425 - 1) 2018 Audi Hannover GmbH, Hanover EUR - 100.00 100.00 16,621 - 1) 2018 AUDI Immobilien GmbH & Co. KG, Ingolstadt EUR - 100.00 100.00 82,470 3,399 2019 AUDI Immobilien Verwaltung GmbH, Ingolstadt EUR - 100.00 100.00 114,355 1,553 2019 Audi Leipzig GmbH, Leipzig EUR - 100.00 100.00 9,525 - 1) 2018 Audi München GmbH, Munich EUR - 100.00 100.00 270 - 1) 2018 Audi Real Estate GmbH, Ingolstadt EUR - 100.00 100.00 9,859 4,073 2019 Audi Sport GmbH, Neckarsulm EUR - 100.00 100.00 100 - 1) 2019 Audi Stuttgart GmbH, Stuttgart EUR - 100.00 100.00 6,677 - 1) 2018 Auto & Service PIA GmbH, Munich EUR - 100.00 100.00 19,895 - 1) 2018 Autonomous Intelligent Driving GmbH, Munich EUR - 100.00 100.00 250 - 1) 2018 Autostadt GmbH, Wolfsburg EUR 100.00 - 100.00 50 - 1) 2018 B. -
Engineering the Future – Since 1758
MAN Energy Solutions MAN Energy Solutions Product range und product centres 3 Steinbrinkstr. 1 2 46145 Oberhausen, Germany Turbomachinery P + 49 208 692-01 F + 49 208 692-021 [email protected] www.man-es.com Factories Engineering turbomachinery Turbo- the future – Bangalore, India MAN Turbomachinery India Private Limited since 175 8 Plot No. 113 | Jigani link Road KIADB Industrial Area | Jigani | 560105 Bangalore, India Phone +91 80 6655 2200 | Fax +91 80 6655 2222 machinery We are MAN Energy Solutions SE, the force of Berlin, Germany innovation behind the world’s leading large-bore MAN Energy Solutions SE engines and turbomachinery for marine and Egellsstr. 21 13507 Berlin, Germany stationary applications. Our home is in Augsburg, Phone +49 30 440402-0 | Fax +49 30 440402-2000 Germany. But we are also close to you, in over 100 countries, with more than 15,000 employees Changzhou, China who dedicate each workday to our customer’s MAN Diesel & Turbo China Production Co. Ltd. Fengming Road 9, Wujin High-Tech Industrial Zone satisfaction. 213164 Changzhou, P. R. China Phone +86 519 8622-7001 | Fax +86 519 8622-7002 Our products are an integral part of Between 1893 and 1897, Rudolf custom, fully integrated train solutions most energy and transportation solu- Diesel and a group of M.A.N. engineers that are unsurpassed in performance, Deggendorf, Germany tions that surround you every day. We developed the first diesel engine in efficiency and reliability. MAN Energy Solutions SE produce world-class marine propulsion Augsburg, and in 1904 we produced Werftstr. 17 systems, turbomachinery for the our first steam turbine in Oberhausen. -
Modelling of a Turbojet Gas Turbine Engine
The University of Manchester Research Modelling of a turbojet gas turbine engine Document Version Accepted author manuscript Link to publication record in Manchester Research Explorer Citation for published version (APA): Klein, D., & Abeykoon, C. (2015). Modelling of a turbojet gas turbine engine. In host publication (pp. 198-204) Published in: host publication Citing this paper Please note that where the full-text provided on Manchester Research Explorer is the Author Accepted Manuscript or Proof version this may differ from the final Published version. If citing, it is advised that you check and use the publisher's definitive version. General rights Copyright and moral rights for the publications made accessible in the Research Explorer are retained by the authors and/or other copyright owners and it is a condition of accessing publications that users recognise and abide by the legal requirements associated with these rights. Takedown policy If you believe that this document breaches copyright please refer to the University of Manchester’s Takedown Procedures [http://man.ac.uk/04Y6Bo] or contact [email protected] providing relevant details, so we can investigate your claim. Download date:02. Oct. 2021 Modelling of a Turbojet Gas Turbine Engine Dominik Klein Chamil Abeykoon Division of Applied Science, Computing and Engineering, Division of Applied Science, Computing and Engineering, Glyndwr University, Mold Road, LL11 2AW, Wrexham, Glyndwr University, Mold Road, LL11 2AW, Wrexham, United Kingdom United Kingdom E-mail: [email protected] E-mail: [email protected]; [email protected] Abstract—Gas turbines are one of the most important A. -
Traction Invitation to the 129Th Annual General
Invitation to the 129th Annual General Meeting of AUDI AG at 10.00 a.m. on May 9, 2018, at the Audi Forum Ingolstadt traction AUDI GROUP KEY FIGURES 2017 2016 Change in % Production Automotive segment Cars 1) 1,879,840 1,903,259 – 1.2 Engines 1,966,434 1,927,838 2.0 Motorcycles segment Motorcycles 56,743 56,978 – 0.4 Deliveries to customers Automotive segment Cars 2,105,084 2,088,187 0.8 Audi brand 2) Cars 1,878,105 1,867,738 0.6 Lamborghini brand Cars 3,815 3,457 10.4 Other Volkswagen Group brands Cars 223,164 216,992 2.8 Motorcycles segment Motorcycles 55,871 55,451 0.8 Ducati brand Motorcycles 55,871 55,451 0.8 Workforce Average 90,402 87,112 3.8 Revenue EUR million 60,128 59,317 1.4 Operating profit before special items EUR million 5,058 4,846 4.4 Operating profit EUR million 4,671 3,052 53.0 Profit before tax EUR million 4,783 3,047 57.0 Profit after tax EUR million 3,479 2,066 68.4 Operating return on sales before special items Percent 8.4 8.2 Operating return on sales Percent 7.8 5.1 Return on sales before tax Percent 8.0 5.1 Return on investment (ROI) Percent 14.4 10.7 Ratio of capex 3) Percent 6.4 5.7 Research and development ratio Percent 6.3 7.5 Cash flow from operating activities EUR million 6,173 7,517 – 17.9 Net cash flow 4) EUR million 4,312 2,094 105.9 Balance sheet total (Dec. -
The Effect of the Process on Turbomachinery Reliability)
“DO AS I SAY” (THE EFFECT OF THE PROCESS ON TURBOMACHINERY RELIABILITY) by William E. Forsthoffer President Forsthoffer Associates Inc., Washington Crossing, Pennsylvania William E. (Bill) Forsthoffer spent six years at the Delaval Turbine Company, as Manager of Compressor Project Engi- neering, where he designed and tested centrifugal pumps and compressors, gears, steam turbines, and rotary (screw) pumps. Mr. Forsthoffer then joined the Mobil Research and Development Corporation. For five years, he directed the application, selection, design, testing, site precommis- sioning, and startup of the Yanbu Petrochemical complex in Yanbu, Saudi Arabia. Following that, he returned to MRDC and established a technical service program for Mobil affiliates to provide application, troubleshooting, and Figure 1. Diagram of Centrifugal Pump. training services for rotating equipment. He left Mobil in 1990 to found his own company, Forsthoffer Associates, Inc., to provide training, critical equipment selection, and troubleshooting services to the refining, petrochemical, utility, and gas transmission industries. Mr. Forsthoffer is a graduate of Bellarmine College with a B.A. degree (Mathematics) and from the University of Detroit with a B.S. degree (Mechanical Engineering). ABSTRACT This tutorial examines the primary cause of lower than expected reliability in turbomachines, the effect of the process on machinery component life. Over 95 percent of the rotating equipment installed in any refinery, petrochemical, or gas plant is the dynamic or “turbo” type. Their characteristics are limited energy output and variable flow rate determined by process energy requirements. INTRODUCTION Figure 2. Centrifugal Pump Component Damage and Causes. The objective of this tutorial is to emphasize the importance of understanding the effect of the process on turbomachinery reliability. -
For TRATON, Sustainable Economic Growth Always Includes Treating People and Nature with Respect
2020 ANNUAL REPORT “For TRATON, sustainable economic growth always includes treating people and nature with respect. We call this the People, Planet, and Performance triad, which will shape the future of our Company.” MATTHIAS GRÜNDLER, CEO of the TRATON GROUP To Our Shareholders Combined Management Report Operating Units Consolidated Financial Statements Further Information p. 5 p. 6 Electric city Batteries in everyday use The Munich Transport Corporation aims To reduce CO2 emissions, to operate all its buses with zero local Norwegian grocery wholesaler emissions by 2030 and is also relying on ASKO relies on battery-powered Equal opportunities at the wheel the MAN Lion’s City 12E for this purpose. trucks from Scania. Grace Adomako, the woman on our cover, is a bus driver in Accra, the capital city of Ghana. She stands for around 140 other women who have been trained as bus and truck drivers thanks to the support of Scania and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, a German agency p. 7 p. 8 for sustainable development. The aim is to promote equal opportunities in the West African country. p. 4 Pluralism & Inclusion (P&I) Sofia Vahlne, responsible for the P&I Digital, efficient, transparent Assembly 4.0 program at TRATON, talks to conductor RIO is developing a cloud-based platform Volkswagen Caminhões e Ônibus is using Jonathan Nott about how diversity and solution that organizes all processes for Industry 4.0 principles to align production success tie together — in the new TRATON Volkswagen Group Logistics — and the of the new Meteor truck even more podcast “Sustainability Stories.” potential is huge. -
Halbjahresfinanzbericht Zum 30. Juni 2021
Halbjahresfinanzbericht 1.1. – 30.6. 2021 Beteiligungen der Porsche SE Kerninvestment Anteil an Stammaktien: 53,3 % (Entspricht Anteil am gezeichneten Kapital: 31,4 %) Weitere Beteiligungen Minderheitsbeteiligungen Stand 30. Juni 2021 4 Inhalt Konzern-Zwischenlagebericht 7 Wesentliche Ereignisse und Entwicklungen 10 im Porsche SE Konzern Wesentliche Ereignisse und Entwicklungen 15 im Volkswagen Konzern Geschäftsverlauf 18 Erläuterungen zur Ertrags-, Finanz- und Vermögenslage 22 Chancen und Risiken der zukünftigen Entwicklung 26 Ausblick 27 Glossar 31 Verkürzter Konzern-Zwischenabschluss 33 Konzern-Gewinn- und Verlustrechnung 34 Konzern-Gesamtergebnisrechnung 35 Konzernbilanz 36 Konzern-Eigenkapitalspiegel 37 Konzern-Kapitalflussrechnung 38 Ausgewählte erläuternde Anhangangaben 39 Bescheinigung nach prüferischer Durchsicht 57 Versicherung der gesetzlichen Vertreter 58 5 6 Konzern-Zwischenlagebericht 7 8 3 1.1. – 30.6. 3 Konzern-Zwischenlagebericht2021 Die Porsche Automobil Holding SE („Porsche SE“ Die Investitionsstrategie der Porsche SE zielt auf die oder „Gesellschaft“) als oberstes Mutterunterneh- nachhaltige Wertschaffung für ihre Aktionäre. Diese men des Porsche SE Konzerns ist eine Europäische orientiert sich an der Wertsteigerung des verwalte- Aktiengesellschaft und hat ihren Firmensitz am ten Vermögens sowie an den Dividendenausschüt- Porscheplatz 1 in 70435 Stuttgart, Deutschland. tungen. Die Beteiligungen der Porsche SE werden in Zum 30. Juni 2021 beschäftigte der zwei Kategorien unterteilt. Zu der ersten Kategorie PorscheKonzern-Zwischenlagebericht SE Konzern 894 Mitarbeiter zählt die langfristige Kernbeteiligung an der Volks- (916 Mitarbeiter). wagen AG. Zu der zweiten Kategorie zählen Portfo- liobeteiligungen, die von der Porsche SE in der Die Porsche Automobil Holding SE („Porsche SE“ Die Investitionsstrategie der Porsche SE zielt auf die Die Porsche SE ist eine Holdinggesellschaft mit Regel auf Zeit gehalten werden. Solche Beteiligun- oder „Gesellschaft“) als oberstes Mutterunterneh- nachhaltige Wertschaffung für ihre Aktionäre. -
Annual Financial Statements of Traton Se
2019 ANNUAL FINANCIAL STATEMENTS OF TRATON SE CONTENTS 1 Annual Financial Statements of TRATON SE 2 (until January 17, 2019: TRATON AG) for the fiscal year from January 1 Combined Management Report 43 through December 31, 2019 3 The management report for TRATON SE 3 Income Statement 4 and the management report for the Further Information 44 Balance Sheet 5 Group have been combined in accordan- ce with section 315 (5) of the Handels Notes to the Financial Statements 6 gesetzbuch (HGB — German Commer- Responsibility Statement 45 Members of the Supervisory Board cial Code) in conjunction with section Independent Auditor’s Report 46 and Executive Board and their 298 (2) of the HGB and published in Appointments 25 TRATON’s 2019 Annual Report. Publication Details 51 43 Combined Management Report ANNUAL FINANCIAL STATEMENTS OF TRATON SE Annual Financial Statements of TRATON SE 3 Income Statement 4 Balance Sheet 5 Notes to the Financial Statements 6 Members of the Supervisory Board and Executive Board and their Appointments 25 3 Annual Financial Statements of TRATON SE 43 Combined Management Report 44 Further Information ANNUAL FINANCIAL STATEMENTS OF TRATON SE Income Statement for the period from January 1 through December 31, 2019 € thousand Note 2019 2018 Net investment income (1) 1,931,618 –87,832 Write-downs of financial assets (2) –401,482 –1,181,823 Net interest income/expense (3) –973 837 Sales revenue (4) 13,134 13,795 Cost of sales –15,197 –13,684 Gross profit –2,063 111 General and administrative expenses (5) –135,046 –145,203 Other -
Qualitative and Quantitative Analysis of Volkswagen
QUALITATIVE AND QUANTITATIVE ANALYSIS OF VOLKSWAGEN Authors (Universitat de Barcelona): Cristina Gómez Bule Gonzaga Mestre Galofé Paula Rosselló Garriga EDITOR: Jordi Marti Pidelaserra (Dpt. Comptabilitat, Universitat Barcelona) Volkswagen AG Volkswagen Group Analyzing the company Paula Rosselló , Gonzaga Mestre y Cristina Gómez INDEX 13 - 2 - Volkswagen AG QUALITATIVE ANALYSIS PART I: Volkswagen analyze 1. Introduction..................................................................................................................4 2. Volkswagen AG...........................................................................................................6 * Porsche case: its relation with Volkswagen................................................................13 3. CEO members...........................................................................................................14 4. Volkswagen evolution................................................................................................15 5. Shareholders.............................................................................................................16 6. Stakeholders..............................................................................................................16 7. Volkswagen CSR.......................................................................................................20 8. Location.....................................................................................................................21 9. Emerging markets.....................................................................................................22 -
Turbomachinery Technology for High-Speed Civil Flight
4 NASA Technical Memorandum 102092 . Turbomachinery Technology for High-speed Civil Flight , Neal T. Saunders and Arthur J. Gllassman Lewis Research Center Cleveland, Ohio Prepared for the 34th International Gas Turbine Aepengine Congress and Exposition sponsored by the American Society of Mechanical Engineers Toronto, Canada, June 4-8, 1989 ~ .. (NASA-TH-102092) TURBOHACHINERY TECHPCLOGY N89-24320 FOR HIGH-SPEED CIVIL FLIGHT (NBSEL, LEV& Research Center) 26 p CSCL 21E Unclas G3/07 0217641 TURBOMACHINERY TECHNOLOGY FOR HIGH-SPEED CIVIL FLIGHT Neal T. Saunders and Arthur J. Glassman ABSTRACT This presentation highlights some of the recent contributions and future directions of NASA Lewis Research Center's research and technology efforts applicable to turbomachinery for high-speed flight. For a high-speed civil transport application, the potential benefits and cycle requirements for advanced variable cycle engines and the supersonic throughflow fan engine are presented. The supersonic throughf low fan technology program is discussed. Technology efforts in the basic discipline areas addressing the severe operat- ing conditions associated with high-speed flight turbomachinery are reviewed. Included are examples of work in internal fluid mechanics, high-temperature materials, structural analysis, instrumentation and controls. c INTRODUCTION Future Emphasis Shifting to High-speed Flight Two years ago, the aeronautics community commemorated the 50th anniversary of the first successful operation of a turbojet engine. This remarkable feat by Sir Frank Whittle represents the birth of the turbine engine industry, which has greatly refined and improved Whittle's invention into the splendid engines that are flying today. NASA, as did its predecessor NACA, has assisted indus- try in the creation and development of advanced technologies for each new gen- eration of engines.