INVESTMENTS IN ASSOCIATES
Volkswagen AG continued to hold 29.9% of the voting rights and 28.7% of the subscribed capital of MAN AG, Munich, at the balance sheet date. The market value of this interest was €1,632 million at December 31, 2008 (previous year: €4,797 million).
The following carrying amounts are attributable to the Volkswagen Group from its proportionate interest in MAN and Scania (in fiscal year 2008, contained in revenue and profit for the period until the date of acquisition):
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€ million |
2008 |
2007 | ||
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Noncurrent assets |
1,723 |
3,147 | ||
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Current assets |
3,016 |
3,480 | ||
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Noncurrent liabilities |
816 |
1,359 | ||
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Current liabilities |
2,376 |
3,242 | ||
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Revenues |
5,407 |
6,327 | ||
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Profit for the period |
486 |
540 |
INTERESTS IN JOINT VENTURES
The following carrying amounts are attributable to the Volkswagen Group from its proportionate interest in joint ventures:
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€ million |
2008 |
2007 | ||
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Noncurrent assets |
9,022 |
7,551 | ||
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Current assets |
7,145 |
6,528 | ||
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Noncurrent liabilities |
6,045 |
4,326 | ||
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Current liabilities |
7,097 |
6,861 | ||
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Income |
7,926 |
5,869 | ||
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Expenses |
7,435 |
5,437 |
