Income Statement

of the Volkswagen Group for the period January 1 to December 31, 2017

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€ million

 

Note

 

2017

 

2016

1

The structure within the financial result has been changed. The presentation of finance costs has been replaced with interest income and interest expenses. Prior year figures have been adjusted accordingly. Further disclosures can be found in the “Interest result” section.

 

 

 

 

 

 

 

Sales revenue

 

1

 

230,682

 

217,267

Cost of sales

 

2

 

−188,140

 

−176,270

Gross result

 

 

 

42,542

 

40,997

Distribution expenses

 

3

 

−22,710

 

−22,700

Administrative expenses

 

4

 

−8,254

 

−7,336

Other operating income

 

5

 

14,500

 

13,049

Other operating expenses

 

6

 

−12,259

 

−16,907

Operating result

 

 

 

13,818

 

7,103

Share of the result of equity-accounted investments

 

7

 

3,482

 

3,497

Interest income1

 

8

 

951

 

1,285

Interest expenses1

 

8

 

−2,317

 

−2,955

Other financial result1

 

9

 

−2,022

 

−1,638

Financial result

 

 

 

94

 

189

Earnings before tax

 

 

 

13,913

 

7,292

Income tax income/expense

 

10

 

−2,275

 

−1,912

Current

 

 

 

−3,205

 

−3,273

Deferred

 

 

 

930

 

1,361

Earnings after tax

 

 

 

11,638

 

5,379

of which attributable to

 

 

 

 

 

 

Noncontrolling interests

 

 

 

10

 

10

Volkswagen AG hybrid capital investors

 

 

 

274

 

225

Volkswagen AG shareholders

 

 

 

11,354

 

5,144

 

 

 

 

 

 

 

Basic earnings per ordinary share in €

 

11

 

22.63

 

10.24

Diluted earnings per ordinary share in €

 

11

 

22.63

 

10.24

Basic earnings per preferred share in €

 

11

 

22.69

 

10.30

Diluted earnings per preferred share in €

 

11

 

22.69

 

10.30