Income Statement

of the Volkswagen Group for the period January 1 to December 31, 2016

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€ million

 

Note

 

2016

 

2015

 

 

 

 

 

 

 

Sales revenue

 

1

 

217,267

 

213,292

Cost of sales

 

2

 

−176,270

 

−179,382

Gross profit

 

 

 

40,997

 

33,911

Distribution expenses

 

3

 

−22,700

 

−23,515

Administrative expenses

 

4

 

−7,336

 

−7,197

Other operating income

 

5

 

13,049

 

12,905

Other operating expenses

 

6

 

−16,907

 

−20,171

Operating result

 

 

 

7,103

 

−4,069

Share of profits and losses of equity-accounted investments

 

7

 

3,497

 

4,387

Finance costs

 

8

 

−3,247

 

−2,393

Other financial result

 

9

 

−61

 

773

Financial result

 

 

 

189

 

2,767

Earnings before tax

 

 

 

7,292

 

−1,301

Income tax income/expense

 

10

 

−1,912

 

−59

Current

 

 

 

−3,273

 

−2,859

Deferred

 

 

 

1,361

 

2,800

Earnings after tax

 

 

 

5,379

 

−1,361

of which attributable to

 

 

 

 

 

 

Noncontrolling interests

 

 

 

10

 

10

Volkswagen AG hybrid capital investors

 

 

 

225

 

212

Volkswagen AG shareholders

 

 

 

5,144

 

−1,582

 

 

 

 

 

 

 

Basic earnings per ordinary share in €

 

11

 

10.24

 

−3.20

Diluted earnings per ordinary share in €

 

11

 

10.24

 

−3.20

Basic earnings per preferred share in €

 

11

 

10.30

 

−3.09

Diluted earnings per preferred share in €

 

11

 

10.30

 

−3.09