Man Se 2017 Annual Report
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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 -
Competing in the Global Truck Industry Emerging Markets Spotlight
KPMG INTERNATIONAL Competing in the Global Truck Industry Emerging Markets Spotlight Challenges and future winning strategies September 2011 kpmg.com ii | Competing in the Global Truck Industry – Emerging Markets Spotlight Acknowledgements We would like to express our special thanks to the Institut für Automobilwirtschaft (Institute for Automotive Research) under the lead of Prof. Dr. Willi Diez for its longstanding cooperation and valuable contribution to this study. Prof. Dr. Willi Diez Director Institut für Automobilwirtschaft (IfA) [Institute for Automotive Research] [email protected] www.ifa-info.de We would also like to thank deeply the following senior executives who participated in in-depth interviews to provide further insight: (Listed alphabetically by organization name) Shen Yang Senior Director of Strategy and Development Beiqi Foton Motor Co., Ltd. (China) Andreas Renschler Member of the Board and Head of Daimler Trucks Division Daimler AG (Germany) Ashot Aroutunyan Director of Marketing and Advertising KAMAZ OAO (Russia) Prof. Dr.-Ing. Heinz Junker Chairman of the Management Board MAHLE Group (Germany) Dee Kapur President of the Truck Group Navistar International Corporation (USA) Jack Allen President of the North American Truck Group Navistar International Corporation (USA) George Kapitelli Vice President SAIC GM Wuling Automobile Co., Ltd. (SGMW) (China) Ravi Pisharody President (Commercial Vehicle Business Unit) Tata Motors Ltd. (India) © 2011 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. All rights reserved. Competing in the Global Truck Industry – Emerging Markets Spotlight | iii Editorial Commercial vehicle sales are spurred by far exceeded the most optimistic on by economic growth going in hand expectations – how can we foresee the with the rising demand for the transport potentials and importance of issues of goods. -
MTU-Museum Triebwerksgeschichte – Gestern, Heute Und Morgen MTU Museum 07 2009 01.Qxd 27.08.2009 13:47 Uhr Seite 4
MTU_Museum_07_2009_01.qxd 27.08.2009 13:47 Uhr Seite 3 MTU-Museum Triebwerksgeschichte – gestern, heute und morgen MTU_Museum_07_2009_01.qxd 27.08.2009 13:47 Uhr Seite 4 Inhaltsverzeichnis Vorwort 3 Unternehmen mit Tradition und Zukunft 4 Bewegte Geschichte 5 GP7000 – Antrieb für den Mega-Airbus 8 PW6000 – Antrieb des kleinen Airbus A318 8 EJ200 – Schub für den Eurofighter 9 PW4000 – Triebwerk der Boeing B777-200 10 MTR390 – Triebwerk des Tigers 10 V2500 – Antrieb für den Airbus A320 11 PW500 – Antrieb für Geschäftsreiseflugzeuge 12 RR250-C20 – Antrieb für Hubschrauber 12 RB199 – Antrieb des Tornado 13 CF6 – Power für Großraumflugzeuge 14 Lycoming GO-480-B1A6 – Lizenzfertigung bei BMW 15 MTU7042 – Erprobung einer LKW-Gasturbine 15 T64-MTU-7 – Lizenzbau in Deutschland 16 RB145R – Antrieb des VJ101C 16 RB193-12 – Antrieb für Senkrechtstarter 17 RB153 – Antrieb des VJ101E 17 J79 – Triebwerk des Starfighters 18 Tyne – Antrieb der Transall 19 BMW 6022 – Antrieb für den Bo105 19 DB 720 – Daimler-Nachkriegsära beginnt 20 BMW 801 – erster deutscher Doppelsternmotor 20 BMW 114 – Diesel-Flugmotor 21 BMW 003E – Schub für den Volksjäger 22 Riedel-Anlasser – Starter für Strahltriebwerke 23 BRAMO 323 R-1 „Fafnir“ – erfolgreichster BRAMO-Flugmotor 23 Daimler-Benz DB 605 – der „kleine“ Mercedes-Benz-Flugmotor 24 BMW 132 – Nachfolger des Hornet-Motors 25 Sh14A – erfolgreichster Siemens-Flugmotor 26 BMW VI – Erfolgsmotor der 1920er-Jahre 26 Daimler-Benz F4A – Vorläufer der DB 600-Familie 27 Daimler D IIIa – Ära der Kolbenflugmotoren beginnt 27 Exponate 28 Chirurg der Motoren 31 2 MTU_Museum_07_2009_01.qxd 27.08.2009 13:47 Uhr Seite 5 Vorwort Die Museumswelt wird nicht nur von großen Ausstellungen und Kunstgalerien jeder Couleur geprägt, sondern auch von technischen Samm- lungen, wie etwa dem Deutschen Museum in München. -
Daimler Annual Report 2014
Annual Report 2014. Key Figures. Daimler Group 2014 2013 2012 14/13 Amounts in millions of euros % change Revenue 129,872 117,982 114,297 +10 1 Western Europe 43,722 41,123 39,377 +6 thereof Germany 20,449 20,227 19,722 +1 NAFTA 38,025 32,925 31,914 +15 thereof United States 33,310 28,597 27,233 +16 Asia 29,446 24,481 25,126 +20 thereof China 13,294 10,705 10,782 +24 Other markets 18,679 19,453 17,880 -4 Investment in property, plant and equipment 4,844 4,975 4,827 -3 Research and development expenditure 2 5,680 5,489 5,644 +3 thereof capitalized 1,148 1,284 1,465 -11 Free cash flow of the industrial business 5,479 4,842 1,452 +13 EBIT 3 10,752 10,815 8,820 -1 Value added 3 4,416 5,921 4,300 -25 Net profit 3 7,290 8,720 6,830 -16 Earnings per share (in €) 3 6.51 6.40 6.02 +2 Total dividend 2,621 2,407 2,349 +9 Dividend per share (in €) 2.45 2.25 2.20 +9 Employees (December 31) 279,972 274,616 275,087 +2 1 Adjusted for the effects of currency translation, revenue increased by 12%. 2 For the year 2013, the figures have been adjusted due to reclassifications within functional costs. 3 For the year 2012, the figures have been adjusted, primarily for effects arising from application of the amended version of IAS 19. Cover photo: Mercedes-Benz Future Truck 2025. -
Volkswagen AG Annual Report 2009
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Download PDF, 19 Pages, 505.25 KB
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. -
Annual Report 2014
Annual Report 2014. Landesbank Baden-Württemberg Key figures of the LBBW Group. 1) Income statement (EUR million) 1 Jan. – 31 Dec. 2014 1 Jan. – 31 Dec. 2013 Net interest income 1 878 1 773 Allowances for losses on loans and advances – 104 – 314 Net fee and commission income 518 545 Net gains/losses from financial instruments measured at fair value through profit or loss – 120 369 Net gains/losses from financial investments, net income/expenses from investments accounted for using the equity method and from profit/loss 263 16 transfer agreements Other operating income/expenses2) 101 113 Total operating income/expenses (after allowances for losses on loans and advances) 2 536 2 502 Administrative expenses – 1 853 – 1 774 Operating result 683 728 Guarantee commission for the State of Baden-Württemberg – 191 – 300 Impairment of goodwill – 16 – 3 Net income/expenses from restructuring 1 48 Net consolidated profit/loss before tax 477 473 Income tax – 43 – 134 Net consolidated profit/loss 434 339 Key figures in % 1 Jan. – 31 Dec. 2014 1 Jan. – 31 Dec. 2013 1) Return on equity (RoE) 3.7 3.7 Cost income ratio (CIR) 77.9 63.4 Balance sheet figures (EUR billion) 31 Dec. 2014 31 Dec. 2013 Total assets 266.2 274.6 Equity 13.2 13.4 Ratios in accordance with CRR/CRD IV (with transitional rules)3) 31 Dec. 2014 31 Dec. 2013 Risk weighted assets (EUR billion) 82.2 79.4 Common equity Tier 1 (CET 1) capital ratio (in %) 14.6 15.7 Total capital ratio (in %) 19.9 22.5 Ratios in accordance with CRR/CRD IV (Basel III after full implementation) 31 Dec. -
Sound Archives
Sound Archives This directory lists sound collections held in the Department of Special and Area Studies Collections that have been digitally reformatted. Detailed information on each collection is linked to each directory entry. The Sound Archives includes sound recordings from the University of Florida Archives, the P. K. Yonge Library of Florida History, and the General Manuscript collections. All of the recordings are available for listening in the Special Collections Research Room and, unless otherwise noted, can be reproduced in the Research Room. To request recordings, send an email to the Curator of Manuscripts, Carl Van Ness, at [email protected] Angela Davis speech, 1973. A speech given by activist Angela Davis for Accent '74. Claude Murphree, University Organist, 1957. Concert performed on Anderson Memorial Organ. Claude Pepper Campaign Speech, 1950. Senator Pepper discusses his position on the issues in the 1950 election. College Authors Forum with William G. Carleton, 1964. Professor William Carleton discusses American foreign policy. Cowboys in Central Florida, n.d. Louis Capron talks about Florida cattlemen. Dean Lester Hale reads the Christmas Carol, 1970. Read in the University Auditorium. Dedication '72, 1972. Dedicatory performance for the University of Florida Music Building. Dedication of an addition to the University of Florida Library, 1950. Speeches made at the 1950 dedication of additions made to the University Library. "Electric Man and the End of the Neolithic" - Marshall McLuhan. McCluhan talks about information and media. Erskine Caldwell Lecture, 1965. Caldwell talks about writing. Faculty Concert: Elwyn Adams, 1972. Violinist performs. Faculty Concert: Willis Bodine at the Organ, 1961. Performance on the Anderson Memorial Organ. -
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. -
HC 0410 4-84 Hotovo.Indd
Hviezdy ciest 4/2010/X Magazín vašej triedy 4,95 EUR PODNIKOVÉ MÉDIUM ROKA 2007 ZLATÁ PEČAŤ V KATEGÓRII PODNIKOVÝ MAGAZÍN V KATEGÓRII ČASOPIS INTERNÁ KOMUNIKÁCIA ZA ROK 2003 Mercedes-Benz 20 rokov na Slovensku NEMILOSRDNÝ SLS SPLNIL SA MI SEN KREMEĽ MERCEDES-BENZ SLS AMG GT3 ING. PETER ONDRIÁŠ SYMBOL SILY A NEDOBYTNOSTI RUSKA Značka Daimler AG Značka Dôvod na oslavu! Mercedes-Benz CLS získal ocenenie Zlatý volant 2010. Ďakujeme všetkým priaznivcom a členom jury. www.mercedes-benz.sk/cls Zdroj: Auto Bild, Vydanie 44/2010, Kategória strednej a vyššej triedy. Kombinovaná spotreba (l/100km): 6,1 - 14,5 Emisie CO2 (kombinované, g/km): 160 - 345 PRÍHOVOR 2 3 Foto: Marián Garaj, Kancelária prezidenta SR M ilí čitatelia! čase vydania týchto novučkých roku darí. Minimálne tak, ako to hodnotí pôsobenia. Pre ešte lepšie naplňovanie Hviezd ciest speje rok 2010 i v tomto čísle Hviezd Dr. Dieter Zetsche, ich poslania a vašu väčšiu spokojnosť V k záveru svojím najpohodovejším predseda predstavenstva spoločnosti pristupujeme k ich ďalšiemu vylepšeniu. obdobím – vianočnými a novoročnými Daimler a šéf automobilky Mercedes- Už v tomto čísle Hviezd ciest nájdete gra- sviatkami. Medzi významné udalosti kon- Benz, ktorá už vďaka niekoľkomesač- fické kódy (tagy) a návod na ich použitie čiaceho sa roka patrí i historicky prvá nému nárastu odbytu začala zvyšovať v spojení s mobilmi vybavenými fotoapa- návšteva, pri ktorej na Slovensko zavítal počty zamestnancov. Či ako sa to darí rátmi. Časopis Hviezdy sa touto techno- nórsky panovnícky pár – kráľ Harald V. jednému z našich najväčších klientov lógiou mení medzi prvými na Slovensku a kráľovná Sonja, pričom sa s nimi na Slovensku s flotilou nad sto kamiónov: z bežného printového na multimediálny. -
MAN GRI Report 2017 OVERVIEW
MAN GRI Report Corporate Responsibility at MAN 2017 Engineering the Future – since 1758. MAN SE 2 MAN GRI Report 2017 OVERVIEW Overview PAGE 01 PAGE 02 PAGE 05 Foreword FOREWORD PORTRAIT OUR APPROACH Portrait OF THE Our approach MAN GROUP Products Production Supply chain PAGE 09 PAGE 18 PAGE 27 PAGE 31 PAGE 44 People PRODUCTS PRODUCTION SUPPLY CHAIN PEOPLE SOCIETY AND Society and integrity INTEGRITY Annex PAGE 50 OVERVIEW OF KEY INDICATORS ANNEX GRI CONTENT INDEX AND UN GLOBAL COMPACT COMMUNICATION ON PROGRESS INDEPENDENT PRACTITIONER’S LIMITED ASSURANCE REPORT ABOUT THIS REPORT CREDITS & ADDITIONAL INFORMATION 01 MAN GRI Report 2017 Foreword Dear Readers, MAN’s business success is closely linked to global challenges and mega- needs on site. The twin 2.5 megawatt natural gas units mark a significant Overview trends. Climate change and digitalization have a direct impact on our milestone in MAN’s Climate Strategy. Foreword business model. We need to be agile if we want to shape the fundamentally Our MAN Impact Accelerator program, which we launched in 2017, changing mobility world of tomorrow. The development of alternative supports social startups in the transportation sector that are coming up Portrait drive systems and transportation and energy solutions that are fit for the with new ideas in response to global population growth and urbanization. Our approach future is at the heart of our work. We initiated the program in collaboration with the Yunus Social Business Electricity is set to be the drive technology of the future – at least Initiative launched by Nobel Peace Prize winner Muhammad Yunus. -
Volkswagen to Sell RENK Shares to Triton
Media information NO. 25/2020 Volkswagen to sell RENK shares to Triton • Volkswagen AG Board of Management and Supervisory Board approve sale of 76 percent stake or approximately 5.3 million shares in listed company RENK AG • Purchase price of 97.80 EUR per share is subject to adjustments in relation to dividend • Transaction implies cash inflow of approximately 530 million EUR for Volkswagen • Long-term location and employment guarantee for RENK’s German sites until December 31st 2026 agreed • CFO Frank Witter: ”Volkswagen is driving the transformation of the Group further forward and new perspectives for the future and for growth are opening up for RENK.” • Works Council Chairman Osterloh: “With the disposal of RENK to Triton we found a reasonable solution for the asset. The location and employment guarantee for the German plants until 2026 is an essential and future-oriented point of the transaction.” Wolfsburg January 30, 2020 – The Board of Management and Supervisory Board of Volkswagen AG have approved the sale of the 76 percent stake or approximately 5.3 million shares in the listed company RENK AG to Triton for a purchase price of 97.80 EUR per share which is subject to adjustments in relation to dividend. The planned disposal results in a book value gain according to IFRS of approximately 150 million EUR for the Group and implies a cash inflow of approximately 530 million EUR. In the agreement of the disposal a long-term location and employment guarantee for the three German sites in Augsburg, Rheine and Hanover until December 31st 2026 was agreed between RENK and Triton.