Volkswagen Group - Annual Report 2009


€ million	Note	Dec. 31, 2009	Dec. 31, 2008
Assets
Noncurrent assets
Intangible assets	12	12,907	12,291
Property, plant and equipment	13	24,444	23,121
Leasing and rental assets	14	10,288	9,889
Investment property	14	216	150
Equity-accounted investments	15	10,385	6,373
Other equity investments	15	543	583
Financial services receivables	16	33,174	31,855
Other receivables and financial assets	17	3,747	3,387
Noncurrent tax receivables	18	685	763
Deferred tax assets	18	3,013	3,344
		99,402	91,756
Current assets
Inventories	19	14,124	17,816
Trade receivables	20	5,692	5,969
Financial services receivables	16	27,403	27,035
Other receivables and financial assets	17	5,927	10,068
Current tax receivables	18	762	1,024
Marketable securities	21	3,330	3,770
Cash and cash equivalents	22	20,539	9,474
Assets held for sale	23	–	1,007
		77,776	76,163
Total assets		177,178	167,919

Equity and Liabilities
Equity	24
Subscribed capital		1,025	1,024
Capital reserves		5,356	5,351
Retained earnings		28,901	28,636
Equity attributable to shareholders of Volkswagen AG		35,281	35,011
Minority interests		2,149	2,377
		37,430	37,388
Noncurrent liabilities
Noncurrent financial liabilities	25	36,993	33,257
Other noncurrent liabilities	26	3,028	3,235
Deferred tax liabilities	27	2,224	3,654
Provisions for pensions	28	13,936	12,955
Provisions for taxes	27	3,946	3,555
Other noncurrent provisions	29	10,088	9,073
		70,215	65,729
Current liabilities
Current financial liabilities	25	40,606	36,123
Trade payables	30	10,225	9,676
Current tax payables	27	73	59
Other current liabilities	26	8,237	8,545
Provisions for taxes	27	973	1,160
Other current provisions	29	9,420	8,473
Liabilities associated with assets held for sale	23	–	766
		69,534	64,802
Total equity and liabilities		177,178	167,919

Balance Sheet