Volkswagen Group - Annual Report 2009

VOLKSWAGEN GROUP

Volume Data¹

2009

2008

1	Including volume data for the vehicle-production investments Shanghai-Volkswagen Automotive Company Ltd. and FAW-Volkswagen Automotive Company Ltd., which are accounted for using the equity method.
2	2008 adjusted.
3	Including allocation of consolidation adjustments between the Automotive and Financial Services divisions.
4	Operating profit plus net depreciation/amortization and impairment losses/reversals of impairment losses on property, plant and equipment, capitalized development costs, leasing and rental assets, goodwill and financial assets as reported in the cash flow statement.
5	Excluding acquisition and disposal of equity investments: €7,585 million (€8,879 million).
6	Profit before tax as a percentage of average equity.

Vehicle sales (units)

6,309,743

6,271,724

+0.6

Production (units)

6,054,829

6,346,515

–4.6

Employees at Dec. 31

368,500

369,928

–0.4

Financial Data (IFRSs), € million

2009

2008

Sales revenue

105,187

113,808

–7.6

Operating profit

1,855

6,333

–70.7

Profit before tax

1,261

6,608

–80.9

Profit after tax

911

4,688

–80.6

Profit attributable to shareholders of
Volkswagen AG

960

4,753

–79.8

EBITDA³

12,741

2,702

Cash flows from operating activities⁴

10,428

11,613

–10.2

Cash flows from investing activities⁴

Automotive Division²

8,005

12,108

–33.9

Cash flows from operating activities⁴

12,815

8,800

+45.6

Cash flows from investing activities^4,5

10,252

11,479

–10.7

of which: investments in property,
plant and equipment⁴

5,783

6,773

–14.6

as a percentage of sales revenue

6.2

6.6

capitalized development costs

1,948

2,216

–12.1

as a percentage of sales revenue

2.1

2.2

Net cash flow

2,563

–2,679

Net liquidity at Dec. 31

10,636

8,039

+32.3

Return ratios in %

2009

2008

Return on sales before tax

1.2

5.8

Return on investment after tax
(Automotive Division)

3.8

10.9

Return on equity before tax
(Financial Services Division)⁴

7.9

12.1

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VOLKSWAGEN AG

Volume Data

2009

2008

7	2009 including Auto5000 GmbH.

Vehicle sales (units)

2,053,427

2,388,014

–14.0

Production (units)

1,038,344

1,137,145

–8.7

Employees at Dec. 31⁷

95,164

90,363

+ 5.3

Financial Data (HGB), € million

2009

2008

Sales

47,864

56,710

–15.6

Net income

1,082

827

+30.8

Dividends (€)

per ordinary share

1.60

1.93

per preferred share

1.66

1.99

Key Figures