Income Statement
of the Volkswagen Group for the period January 1 to December 31, 2017
| 
 | 
  | 
    ||||||||
€ million  | 
      Note  | 
      2017  | 
      2016  | 
    |||||
|---|---|---|---|---|---|---|---|---|
        
  | 
    ||||||||
  | 
      
  | 
      
  | 
      
  | 
    |||||
Sales revenue  | 
      230,682  | 
      217,267  | 
    ||||||
Cost of sales  | 
      −188,140  | 
      −176,270  | 
    ||||||
Gross result  | 
      
  | 
      42,542  | 
      40,997  | 
    |||||
Distribution expenses  | 
      −22,710  | 
      −22,700  | 
    ||||||
Administrative expenses  | 
      −8,254  | 
      −7,336  | 
    ||||||
Other operating income  | 
      14,500  | 
      13,049  | 
    ||||||
Other operating expenses  | 
      −12,259  | 
      −16,907  | 
    ||||||
Operating result  | 
      
  | 
      13,818  | 
      7,103  | 
    |||||
Share of the result of equity-accounted investments  | 
      3,482  | 
      3,497  | 
    ||||||
Interest income1  | 
      951  | 
      1,285  | 
    ||||||
Interest expenses1  | 
      −2,317  | 
      −2,955  | 
    ||||||
Other financial result1  | 
      −2,022  | 
      −1,638  | 
    ||||||
Financial result  | 
      
  | 
      94  | 
      189  | 
    |||||
Earnings before tax  | 
      
  | 
      13,913  | 
      7,292  | 
    |||||
Income tax income/expense  | 
      −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 €  | 
      22.63  | 
      10.24  | 
    ||||||
Diluted earnings per ordinary share in €  | 
      22.63  | 
      10.24  | 
    ||||||
Basic earnings per preferred share in €  | 
      22.69  | 
      10.30  | 
    ||||||
Diluted earnings per preferred share in €  | 
      22.69  | 
      10.30  | 
    ||||||