Income Statement

of the Volkswagen Group for the period January 1 to December 31, 2018

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€ million

 

Note

 

2018

 

20171

1

Prior-year figures adjusted (see disclosures on IFRS 9 and IFRS 15).

 

 

 

 

 

 

 

Sales revenue

 

1

 

235,849

 

229,550

Cost of sales

 

2

 

−189,500

 

−186,001

Gross result

 

 

 

46,350

 

43,549

Distribution expenses

 

3

 

−20,510

 

−20,859

Administrative expenses

 

4

 

−8,819

 

−8,126

Other operating income

 

5

 

11,631

 

11,514

Other operating expenses

 

6

 

−14,731

 

−12,259

Operating result

 

 

 

13,920

 

13,818

Share of the result of equity-accounted investments

 

7

 

3,369

 

3,482

Interest income

 

8

 

967

 

951

Interest expenses

 

8

 

−1,547

 

−2,317

Other financial result

 

9

 

−1,066

 

−2,262

Financial result

 

 

 

1,723

 

−146

Earnings before tax

 

 

 

15,643

 

13,673

Income tax income/expense

 

10

 

−3,489

 

−2,210

Current

 

 

 

−3,533

 

−3,205

Deferred

 

 

 

43

 

995

Earnings after tax

 

 

 

12,153

 

11,463

of which attributable to

 

 

 

 

 

 

Noncontrolling interests

 

 

 

17

 

10

Volkswagen AG hybrid capital investors

 

 

 

309

 

274

Volkswagen AG shareholders

 

 

 

11,827

 

11,179

 

 

 

 

 

 

 

Basic earnings per ordinary share in €

 

11

 

23.57

 

22.28

Diluted earnings per ordinary share in €

 

11

 

23.57

 

22.28

Basic earnings per preferred share in €

 

11

 

23.63

 

22.34

Diluted earnings per preferred share in €

 

11

 

23.63

 

22.34