Income Statement

OF THE VOLKSWAGEN GROUP FOR THE PERIOD JANUARY 1 TO DECEMBER 31, 2015

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€ million

 

Note

 

2015

 

2014*

 

 

 

 

 

 

 

*

Earnings per share adjusted to reflect application of IAS 33.26.

Sales revenue

 

1

 

213,292

 

202,458

Cost of sales

 

2

 

−179,382

 

−165,934

Gross profit

 

 

 

33,911

 

36,524

Distribution expenses

 

3

 

−23,515

 

−20,292

Administrative expenses

 

4

 

−7,197

 

−6,841

Other operating income

 

5

 

12,905

 

10,298

Other operating expenses

 

6

 

−20,171

 

−6,992

Operating result

 

 

 

−4,069

 

12,697

Share of profits and losses of equity-accounted investments

 

7

 

4,387

 

3,988

Finance costs

 

8

 

−2,393

 

−2,658

Other financial result

 

9

 

773

 

767

Financial result

 

 

 

2,767

 

2,097

Earnings before tax

 

 

 

−1,301

 

14,794

Income tax income/expense

 

10

 

−59

 

−3,726

Current

 

 

 

−2,859

 

−3,632

Deferred

 

 

 

2,800

 

−94

Earnings after tax

 

 

 

−1,361

 

11,068

of which attributable to

 

 

 

 

 

 

Noncontrolling interests

 

 

 

10

 

84

Volkswagen AG hybrid capital investors

 

 

 

212

 

138

Volkswagen AG shareholders

 

 

 

−1,582

 

10,847

 

 

 

 

 

 

 

Basic earnings per ordinary share in €

 

11

 

−3.20

 

21.82

Diluted earnings per ordinary share in €

 

11

 

−3.20

 

21.82

Basic earnings per preferred share in €

 

11

 

−3.09

 

21.88

Diluted earnings per preferred share in €

 

11

 

−3.09

 

21.88