Volkswagen Group - Annual Report 2009


€ 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

Income Statement