Indicators and Goals

FINANCIAL INDICATORS

A detailed presentation of financial indicators can be found in the current Volkswagen Group Annual Report. The indicators shown below comply with the International Financial Reporting Standard (IFRS) for the entire 2010 to 2014 period. The indicators audited by PricewaterhouseCoopers in the context of the Volkswagen AG Annual Report 2014 (status report) for calendar year 2014 are marked with the following .

Volume Data1in thousands

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  2014   2013   2012   2011   2010  

Vehicle sales (units)
10,217 9,728 9,345 8,361 7,278
Germany 1,247 1,187 1,207 1,211 1,059
Abroad 8,970 8,541 8,137 7,150 6,219
Production (units) 10,213 9,728 9,255 8,494 7,358
Germany 2,559 2,458 2,321 2,640 2,115
Abroad 7,653 7,270 6,934 5,854 5,243
Employees (yearly average) 583 563 533 454 389
Germany 265 255 237 196 178
Abroad 318 308 296 258 210

1 These figures were audited by PricewaterhouseCoopers in the context of the 2014 Annual Report of Volkswagen AG (Management Report).

Financial Data1 in million €

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­Volks­wa­gen Group   2014   2013   2012   2011   2010  

Sales revenue
202,458 197,007 192,676 159,337 126,875
Operating profit 12,697 11,671 11,498 11,271 7,141
Profit before tax 14,794 12,428 25,487 18,926 8,994
Profit after tax 11,068 9,145 21,881 15,799 7,226
Profit attributable to ­­Volks­wa­gen AG shareholders 10,847 9,066 21,712 15,409 6,835
Cost of materials 132,514 127,089 122,450 104,648 79,394
Personnel expenses 33,834 31,747 29,504 23,854 19,027
Pension provisions 29,806 21,774 23,939 16,787 15,432

Autotive Division2
Cash flows from operating activities3 21,593 20,612 16,232 17,109 13,930
Cash flows from investing activities attributable
to operating activities4
15,476
16,199
16,455
15,998
9,095
Net liquidity at Dec. 31 17,639 16,869 10,573 16,951 18,639

1 These figures were audited by PricewaterhouseCoopers in the context of the 2014 Annual Report of Volkswagen AG (Management Report).
2 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions.
3 Before consolidation of intragroup transactions: €22,217 million (€21,270 million).
4 Excluding acquisition and disposal of equity investments: €15,719 million (€14,497 million).

Value Added generated by the Volkswagen group1in Mio. €

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Source of funds   2014     2013     2012     2011     2010    
Sales revenue 202,458 197,007 192,676 159,337 126,875
Other income 14,192 13,994 24,642 13,125 10,787
Cost of materials –132,514 –127,089 –122,450 –104,648 –79,394
Depreciation and amortization –16,964 –14,686 –13,135 –10,346 –10,097
Other upfront expenditures –15,063 –21,027 –22,070 –9,759 –15,250
Value added 52,109 48,198 59,663 47,709 32,922


Appropriation of funds in € million  
2014   %   2013   %   2012   %   2011   %   2010   %  
to shareholders (dividend) 2,294 4.4 1,871 3.9 1,639 2.8 1,406 2.9 1,034 3.1
to employees (wages, salaries, benefits) 33,834 64.9 31,747 65.9 29,504 49.5 23,854 50.0 19,027 57.8
to the state (taxes, duties) 3,817 7.3 3,865 8.0 4,322 7.2 4,525 9.5 3,105 9.5
to creditors (interest expense) 3,389 6.5 3,442 7.1 3,957 6.6 3,530 7.4 3,563 10.8
to the Company (reserves) 8,774 16.8 7,274 15.1 20,242 33.9 14,393 30.2 6,193 18.8
Value added 52,109 48,198 59,663 47,709 32,922

1 These figures were audited by PricewaterhouseCoopers in the context of the 2014 Annual Report of Volkswagen AG (Management Report).

Key figures by brand and business field1

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  Vehicle sales   Sales revenue   Sales to third parties   Operating profit  

Thousand vehicles/€ million  
2014   2013   2014   2013   2014   2013   2014   2013  
­­Volks­wa­gen Passenger Cars 4,583 4,704 99,764 99,397 68,396 71,426 2,476 2,894
Audi 1,444 1,349 53,787 49,880 36,105 34,560 5,150 5,030
ŠKODA 796 719 11,758 10,324 6,144 5,379 817 522
SEAT 501 459 7,699 6,874 3,412 3,044 –127 –152
Bentley 11 11 1,746 1,679 1,175 1,122 170 168
Porsche2 187 155 17,205 14,326 15,727 13,175 2,718 2,579
­­Volks­wa­gen Commercial Vehicles 442 436 9,577 9,370 4,826 4,651 504 448
Scania2 80 80 10,381 10,360 10,381 10,360 955 974
MAN3 120 140 14,286 15,861 14,092 15,744 384 319
VW China4 3,506 3,038 –  –  –  –  –  – 
Other –1,454 –1,364 –45,885 –40,047 22,127 20,227 –2,0525 –2,7255
­­Volks­wa­gen Financial Services3 –  –  22,139 18,983 20,072 17,319 1,702 1,614
­­Volks­wa­gen Group 10,217 9,728 202,458 197,007 202,458 197,007 12,697 11,671
Automotive Division6 10,217 9,728 177,538 175,003 179,864 176,914 10,780 9,807
of which: Passenger Cars business area 9,575 9,071 143,601 140,077 151,138 147,107 9,835 9,013
Commercial Vehicles/ Power Engineering business area 642 657 33,937 34,927 28,726 29,808 945 794
Financial Services Division –  –  24,920 22,004 22,594 20,093 1,917 1,863

1 These figures were audited by PricewaterhouseCoopers in the context of the 2013 Annual Report of Volkswagen AG (Management Report).
All figures shown are rounded, so minor discrepancies may arise from addition of these amounts.
2 Including financial services.
3 MAN Finance International GmbH has been reported within Volkswagen Financial Services since its acquisition
by Financial Services AG as of January 1, 2014. The prior-year figures have not been adjusted.
4 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group. The Chinese companies are accounted for using the equity method and recorded a proportionate operating profit of €5,182 million (€4,296 million).
5 Mainly intragroup items recognized in profit or loss, in particular from the elimination of intercompany profits; the figure includes depreciation and
amortization of identifiable assets as part of the purchase price allocation for Scania, Porsche Holding Salzburg, MAN and Porsche.
6 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions.