Balance Sheet

of the Volkswagen Group as of December 31, 2020

€ million

 

Note

 

Dec. 31, 2020

 

Dec. 31, 2019

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

Noncurrent assets

 

 

 

 

 

 

Intangible assets

 

12

 

67,968

 

66,214

Property, plant and equipment

 

13, 33

 

63,884

 

66,152

Lease assets

 

14, 33

 

50,686

 

48,938

Investment property

 

14

 

558

 

538

Equity-accounted investments

 

15

 

10,080

 

8,169

Other equity investments

 

15

 

1,865

 

1,902

Financial services receivables

 

16

 

82,565

 

86,973

Other financial assets

 

17

 

7,834

 

5,553

Other receivables

 

18

 

2,867

 

2,722

Tax receivables

 

19

 

376

 

341

Deferred tax assets

 

19

 

13,486

 

13,106

 

 

 

 

302,170

 

300,608

Current assets

 

 

 

 

 

 

Inventories

 

20

 

43,823

 

46,742

Trade receivables

 

21

 

16,243

 

17,941

Financial services receivables

 

16

 

58,006

 

58,615

Other financial assets

 

17

 

13,234

 

12,216

Other receivables

 

18

 

7,381

 

7,272

Tax receivables

 

19

 

1,186

 

1,190

Marketable securities

 

22

 

21,162

 

16,769

Cash, cash equivalents and time deposits

 

23

 

33,909

 

25,923

Assets held for sale

 

 

 

 

795

 

 

 

 

194,944

 

187,463

Total assets

 

 

 

497,114

 

488,071

 

 

 

 

 

 

 

Equity and liabilities

 

 

 

 

 

 

Equity

 

24

 

 

 

 

Subscribed capital

 

 

 

1,283

 

1,283

Capital reserve

 

 

 

14,551

 

14,551

Retained earnings

 

 

 

100,772

 

96,929

Other reserves

 

 

 

−5,270

 

−3,646

Equity attributable to Volkswagen AG hybrid capital investors

 

 

 

15,713

 

12,663

Equity attributable to Volkswagen AG shareholders and hybrid capital investors

 

 

 

127,049

 

121,781

Noncontrolling interests

 

 

 

1,734

 

1,870

 

 

 

 

128,783

 

123,651

Noncurrent liabilities

 

 

 

 

 

 

Financial liabilities

 

25

 

114,809

 

113,556

Other financial liabilities

 

26

 

4,257

 

4,499

Other liabilities

 

27

 

7,905

 

7,271

Deferred tax liabilities

 

28

 

4,890

 

5,007

Provisions for pensions

 

29

 

45,081

 

41,389

Provisions for taxes

 

28

 

3,292

 

2,991

Other provisions

 

30

 

22,688

 

21,783

 

 

 

 

202,921

 

196,497

Current liabilities

 

 

 

 

 

 

Financial liabilities

 

25

 

88,648

 

87,912

Trade payables

 

31

 

22,677

 

22,745

Tax payables

 

28

 

340

 

408

Other financial liabilities

 

26

 

10,590

 

10,858

Other liabilities

 

27

 

17,979

 

19,320

Provisions for taxes

 

28

 

2,213

 

1,876

Other provisions

 

30

 

22,964

 

24,434

Liabilities associated with assets held for sale

 

 

 

 

370

 

 

 

 

165,410

 

167,924

Total equity and liabilities

 

 

 

497,114

 

488,071