Volkswagen Group - Annual Report 2008


€ million	Note	Dec. 31, 2008	Dec. 31, 2007
Assets
Noncurrent assets
Intangible assets	12	12,291	6,830
Property, plant and equipment	13	23,121	19,338
Leasing and rental assets	14	9,889	8,179
Investment property	14	150	152
Equity-accounted investments	15	6,373	7,795
Other equity investments	15	583	548
Financial services receivables	16	31,855	27,522
Other receivables and financial assets	17	3,387	2,416
Noncurrent tax receivables	18	763	952
Deferred tax assets	18	3,344	3,109
		91,756	76,841
Current assets
Inventories	19	17,816	14,031
Trade receivables	20	5,969	5,691
Financial services receivables	16	27,035	24,914
Other receivables and financial assets	17	10,068	6,653
Current tax receivables	18	1,024	500
Marketable securities	21	3,770	6,615
Cash and cash equivalents	22	9,474	10,112
Assets held for sale	23	1,007	–
		76,163	68,516
Total assets		167,919	145,357

Equity and Liabilities
Equity	24
Subscribed capital		1,024	1,015
Capital reserves		5,351	5,142
Retained earnings		28,636	25,718
Equity attributable to shareholders of Volkswagen AG		35,011	31,875
Minority interests		2,377	63
		37,388	31,938
Noncurrent liabilities
Noncurrent financial liabilities	25	33,257	29,315
Other noncurrent liabilities	26	3,235	2,245
Deferred tax liabilities	27	3,654	2,637
Provisions for pensions	28	12,955	12,603
Provisions for taxes	27	3,555	2,275
Other noncurrent provisions	29	9,073	8,276
		65,729	57,351
Current liabilities
Current financial liabilities	25	36,123	28,677
Trade payables	30	9,676	9,099
Current tax payables	27	59	98
Other current liabilities	26	8,545	7,084
Provisions for taxes	27	1,160	1,828
Other current provisions	29	8,473	9,282
Liabilities associated with assets held for sale	23	766	–
		64,802	56,068
Total equity and liabilities		167,919	145,357

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