Net assets and Financial Position

During the reporting period, Volkswagen AG’s total assets increased by 17.0% to €56.7 billion. At €1.4 billion, investments in tangible assets were 36.4% higher than in the previous year. Investments were made primarily in new products. Financial investments increased by 42.6% year-on-year, mainly as a result of the increased investment in Scania AB. Fixed assets grew by 25.7% compared with December 31, 2007 to €34.0 billion.

Current assets increased by 6.1% to €22.7 billion. Increased receivables and inventories were offset by a lower level of securities and – due in particular to the Scania acquisition – lower cash funds.

Many employees took advantage of the extremely positive price performance of Volkswagen ordinary shares to exercise the conversion rights from their previously subscribed bonds in the reporting period. Together with higher capital and revenue reserves, this increased equity (including special tax-allowable reserves) slightly by 2.8% to €11.8 billion. The equity ratio fell to 20.8% (23.7%).

At the end of 2008, provisions increased by 9.5% year-on-year to €23.4 billion. Liabilities rose by 37.8% to €21.5 billion, of which €15.9 billion (€11.0 billion) was interest-bearing.

 Download

BALANCE SHEET OF VOLKSWAGEN AG AS OF DECEMBER 31

 

 

€ million

 

2008

 

2007

Fixed assets

 

34,017

 

27,072

Inventories

 

3,680

 

3,189

Receivables

 

14,826

 

12,238

Cash and bank balances

 

4,162

 

5,933

Total assets

 

56,685

 

48,432

Equity

 

11,818

 

11,499

Long-term debt

 

10,484

 

8,901

Medium-term debt

 

9,260

 

6,892

Short-term debt

 

25,122

 

21,140

Top
Deutsch | English
Print Manager
Mark this page for later printing or print all marked pages.
Download Manager
Collect files for a combined download
Compare Key Figures
Create your personal overview of important key figures.