Income Statement

of the Volkswagen Group for the period January 1 to December 31, 2020

€ million

 

Note

 

2020

 

2019

 

 

 

 

 

 

 

Sales revenue

 

1

 

222,884

 

252,632

Cost of sales

 

2

 

−183,937

 

−203,490

Gross result

 

 

 

38,947

 

49,142

Distribution expenses

 

3

 

−18,407

 

−20,978

Administrative expenses

 

4

 

−9,399

 

−9,767

Other operating income

 

5

 

12,438

 

11,453

Other operating expenses

 

6

 

−13,904

 

−12,890

Operating result

 

 

 

9,675

 

16,960

Share of the result of equity-accounted investments

 

7

 

2,756

 

3,349

Interest income

 

8

 

793

 

910

Interest expenses

 

8

 

−2,291

 

−2,524

Other financial result

 

9

 

733

 

−339

Financial result

 

 

 

1,991

 

1,396

Earnings before tax

 

 

 

11,667

 

18,356

Income tax income/expense

 

10

 

−2,843

 

−4,326

Current

 

 

 

−3,150

 

−4,147

Deferred

 

 

 

307

 

−180

Earnings after tax

 

 

 

8,824

 

14,029

of which attributable to

 

 

 

 

 

 

Noncontrolling interests

 

 

 

−43

 

143

Volkswagen AG hybrid capital investors

 

 

 

533

 

540

Volkswagen AG shareholders

 

 

 

8,334

 

13,346

 

 

 

 

 

 

 

Basic/diluted earnings per ordinary share in €

 

11

 

16.60

 

26.60

Basic/diluted earnings per preferred share in €

 

11

 

16.66

 

26.66