Income Statement

of the Volkswagen Group
for the Period January 1 to December 31, 2009

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€ million

 

Note

 

2009

 

2008

Sales revenue

 

1

 

105,187

 

113,808

Cost of sales

 

2

 

–91,608

 

–96,612

Gross profit

 

 

 

13,579

 

17,196

Distribution expenses

 

3

 

–10,537

 

–10,552

Administrative expenses

 

4

 

–2,739

 

–2,742

Other operating income

 

5

 

7,904

 

8,770

Other operating expenses

 

6

 

–6,352

 

–6,339

Operating profit

 

 

 

1,855

 

6,333

Share of profits and losses
of equity-accounted investments

 

7

 

701

 

910

Finance costs

 

8

 

–2,268

 

–1,815

Other financial result

 

9

 

972

 

1,180

Financial result

 

 

 

–595

 

275

Profit before tax

 

 

 

1,261

 

6,608

Income tax income/expense

 

10

 

–349

 

–1,920

current

 

 

 

–1,145

 

–2,338

deferred

 

 

 

796

 

418

Profit after tax

 

 

 

911

 

4,688

Minority interests

 

 

 

–49

 

–65

Profit attributable to shareholders
of Volkswagen AG

 

 

 

960

 

4,753

 

 

 

 

 

 

 

Basic earnings per ordinary share in €

 

11

 

2.38

 

11.92

Basic earnings per preferred share in €

 

11

 

2.44

 

11.98

Diluted earnings per ordinary share in €

 

11

 

2.38

 

11.88

Diluted earnings per preferred share in €

 

11

 

2.44

 

11.94

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