Income Statement

OF THE VOLKSWAGEN GROUP FOR THE PERIOD JANUARY 1 TO DECEMBER 31, 2014

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€ million

 

Note

 

2014

 

2013*

 

 

 

 

 

 

 

*

Earnings per share adjusted to reflect application of IAS 33.26.

Sales revenue

 

1

 

202,458

 

197,007

Cost of sales

 

2

 

−165,934

 

−161,407

Gross profit

 

 

 

36,524

 

35,600

Distribution expenses

 

3

 

−20,292

 

−19,655

Administrative expenses

 

4

 

−6,841

 

−6,888

Other operating income

 

5

 

10,298

 

9,956

Other operating expenses

 

6

 

−6,992

 

−7,343

Operating profit

 

 

 

12,697

 

11,671

Share of profits and losses of equity-accounted investments

 

7

 

3,988

 

3,588

Finance costs

 

8

 

−2,658

 

−2,366

Other financial result

 

9

 

767

 

−465

Financial result

 

 

 

2,097

 

757

Profit before tax

 

 

 

14,794

 

12,428

Income tax income/expense

 

10

 

−3,726

 

−3,283

Current

 

 

 

−3,632

 

−3,733

Deferred

 

 

 

−94

 

449

Profit after tax

 

 

 

11,068

 

9,145

of which attributable to

 

 

 

 

 

 

Noncontrolling interests

 

 

 

84

 

52

Volkswagen AG hybrid capital investors

 

 

 

138

 

27

Volkswagen AG shareholders

 

 

 

10,847

 

9,066

 

 

 

 

 

 

 

Basic earnings per ordinary share in €

 

11

 

21.84

 

18.61

Diluted earnings per ordinary share in €

 

11

 

21.84

 

18.61

Basic earnings per preferred share in €

 

11

 

21.90

 

18.67

Diluted earnings per preferred share in €

 

11

 

21.90

 

18.67