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22% Update

also changing the way we shape our mobility. The car has entered a new era: the shift in society’s values and strict CO2 laws around the world are ...

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11% Determining the current cost of capital

is adjusted to account for the tax rate of 30%. A weighting on the basis of a fixed ratio for the fair values of equity and debt gives an effective c...

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11% Basis of consolidation

impairment losses required to be recognized since no active market exists for these companies and fair values cannot be reliably ascertained without ...

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11% 21 Trade receivables

€ million Dec. 31, 2014 Dec. 31, 2013 Trade receivables from third parties 9,142 9,126 affiliated companies 230 266 joint ventures 2,037 1,712 assoc...

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11% 34.5. Methods for monitoring hedge effectiveness

to be realized in accordance with the maturity buckets of the hedges reported in the table. The fair values of the derivatives are estimated using ma...

/notes/other-disclosures/financial-risk-management/monitoring-hedge-effectiveness.html

11% A shared solution

in l/100 km combined from 1.6 to 5.4; CO2 emissions in g/km combined from 37 to 140 (including values from Volkswagen Passat GTE). 2 Audi A6 fuel con...

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