1 Sales revenue

  (XLS:) Download

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.