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1 Sales revenue

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STRUCTURE OF GROUP SALES REVENUE 20171

€ million

  

Passenger Cars

  

Commercial Vehicles

  

Power Engineering

  

Financial Services

  

Total segments

  

Recon­ciliation

  

Volkswagen Group

1

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

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Vehicles

  

138,697

  

25,535

  

–

  

–

  

164,232

  

−19,407

  

144,826

Genuine parts

  

12,539

  

3,197

  

–

  

–

  

15,736

  

−108

  

15,628

Used vehicles and third-party products

  

12,049

  

1,780

  

–

  

–

  

13,829

  

−474

  

13,355

Engines, powertrains and parts deliveries

  

11,760

  

733

  

–

  

–

  

12,493

  

−1,175

  

11,318

Power Engineering

  

–

  

–

  

3,283

  

–

  

3,283

  

−3

  

3,280

Motorcycles

  

601

  

–

  

–

  

–

  

601

  

–

  

601

Leasing business

  

779

  

1,947

  

–

  

25,989

  

28,714

  

−4,144

  

24,570

Interest and similar income

  

245

  

4

  

–

  

7,035

  

7,283

  

−164

  

7,119

Hedges sales revenue

  

–

  

–

  

–

  

–

  

–

  

–

  

–

Other sales revenue

  

10,605

  

2,005

  

–

  

709

  

13,319

  

−4,465

  

8,853

 

  

187,273

  

35,200

  

3,283

  

33,733

  

259,489

  

−29,939

  

229,550
  (XLS:) Download

STRUCTURE OF GROUP SALES REVENUE 2018

€ million

  

Passenger Cars

  

Commercial Vehicles

  

Power Engineering

  

Financial Services

  

Total segments

  

Recon­ciliation

  

Volkswagen Group

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Vehicles

  

136,331

  

26,166

  

–

  

–

  

162,497

  

−15,671

  

146,826

Genuine parts

  

12,705

  

3,321

  

–

  

–

  

16,026

  

−107

  

15,919

Used vehicles and third-party products

  

11,379

  

1,825

  

–

  

–

  

13,204

  

−650

  

12,554

Engines, powertrains and parts deliveries

  

12,976

  

1,192

  

–

  

–

  

14,168

  

−1,728

  

12,440

Power Engineering

  

–

  

–

  

3,608

  

–

  

3,608

  

−3

  

3,605

Motorcycles

  

582

  

–

  

–

  

–

  

582

  

–

  

582

Leasing business

  

826

  

1,714

  

–

  

26,667

  

29,207

  

−4,200

  

25,006

Interest and similar income

  

230

  

6

  

–

  

7,302

  

7,537

  

−187

  

7,351

Hedges sales revenue

  

1,362

  

89

  

–

  

–

  

1,451

  

83

  

1,535

Other sales revenue

  

11,697

  

2,343

  

–

  

814

  

14,854

  

−4,824

  

10,031

 

  

188,088

  

36,656

  

3,608

  

34,782

  

263,134

  

−27,285

  

235,849

For segment reporting purposes, the sales revenue of the Group is presented by segment and market.

Other sales revenue comprises revenue from workshop services and license revenue, among other things.

Of the sales revenue recognized in the period under review, an amount of €6,333 million was included in contract liabilities as of January 1, 2018.

€667 million of the sales revenue recognized in the period under review is attributable to performance obligations satisfied in a prior period.

In addition to existing performance obligations of €3,614 million in the Power Engineering segment, most of which are expected to be satisfied or for which sales revenue is expected to be recognized by December 31, 2019, the vast majority of the Volkswagen Group’s performance obligations that are unsatisfied as of the reporting date relate to vehicle deliveries. Most of these deliveries had already been made at the time this report was prepared, or will be made in the first quarter of 2019. The calculation of the amounts for the Power Engineering Business Area took account of both contracts with a term of more than one year and service contracts under which the Volkswagen Group realizes sales revenue in exactly the same amount as the customer benefits from the provision of services by the Company. In the case of variable consideration, sales revenue is only recognized to the extent that there is reasonable assurance that this sales revenue will not subsequently have to be reversed or adjusted downward.