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Statement of Changes in Equity

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

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OTHER RESERVES

  

 

  

 

  

 

  

 

 

  

 

  

 

  

 

  

 

  

HEDGING

  

 

  

 

  

 

  

 

  

 

  

 

€ million

  

Sub­scribed capital

  

Capital reserve

  

Retained earnings

  

Currency trans­lation reserve

  

Cash flow hedges (OCI I)

  

Deferred costs of hedging (OCI II)

  

Equity and debt instru­ments

  

Equity-accounted invest­ments

  

Equity attri­butable to Volkswagen AG hybrid capital investors

  

Equity attri­butable to Volkswagen AG share­holders and hybrid capital investors

  

Non­control­ling interests

  

Total equity

1

Issuance of new hybrid notes in June 2020.

2

For the change in capital transactions involving a change in ownership interest see the “Key events” section.

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Balance at Jan. 1, 2019

  

1,283

  

14,551

  

91,105

  

−3,576

  

1,790

  

−629

  

−230

  

228

  

12,596

  

117,117

  

225

  

117,342

Earnings after tax

  

–

  

–

  

13,346

  

–

  

–

  

–

  

–

  

–

  

540

  

13,886

  

143

  

14,029

Other comprehensive income, net of tax

  

–

  

–

  

−5,570

  

579

  

−1,695

  

−348

  

−9

  

76

  

–

  

−6,967

  

−8

  

−6,974

Total comprehensive income

  

–

  

–

  

7,776

  

579

  

−1,695

  

−348

  

−9

  

76

  

540

  

6,920

  

136

  

7,055

Disposal of equity instruments

  

–

  

–

  

−4

  

–

  

–

  

–

  

4

  

–

  

–

  

–

  

–

  

–

Capital increases/Capital decreases

  

–

  

–

  

–

  

–

  

–

  

–

  

–

  

–

  

–

  

–

  

–

  

–

Dividends payment

  

–

  

–

  

−2,419

  

–

  

–

  

–

  

–

  

–

  

−472

  

−2,891

  

−9

  

−2,899

Capital transactions involving a change in ownership interest

  

–

  

–

  

390

  

173

  

1

  

0

  

−1

  

−10

  

–

  

553

  

1,519

  

2,071

Other changes

  

–

  

–

  

81

  

–

  

–

  

–

  

–

  

1

  

–

  

82

  

−1

  

81

Balance at Dec. 31, 2019

  

1,283

  

14,551

  

96,929

  

−2,824

  

95

  

−977

  

−235

  

295

  

12,663

  

121,781

  

1,870

  

123,651

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Balance at Jan. 1, 2020

  

1,283

  

14,551

  

96,929

  

−2,824

  

95

  

−977

  

−235

  

295

  

12,663

  

121,781

  

1,870

  

123,651

Earnings after tax

  

–

  

–

  

8,334

  

–

  

–

  

–

  

–

  

–

  

533

  

8,867

  

−43

  

8,824

Other comprehensive income, net of tax

  

–

  

–

  

−1,933

  

−2,836

  

1,192

  

269

  

21

  

−242

  

–

  

−3,530

  

−45

  

−3,575

Total comprehensive income

  

–

  

–

  

6,400

  

−2,836

  

1,192

  

269

  

21

  

−242

  

533

  

5,337

  

−88

  

5,249

Disposal of equity instruments

  

–

  

–

  

5

  

–

  

–

  

–

  

−5

  

–

  

–

  

–

  

–

  

–

Capital increases/Capital decreases1

  

–

  

–

  

–

  

–

  

–

  

–

  

–

  

–

  

2,989

  

2,989

  

–

  

2,989

Dividends payment

  

–

  

–

  

−2,419

  

–

  

–

  

–

  

–

  

–

  

−472

  

−2,891

  

−61

  

−2,952

Capital transactions involving a change in ownership interest2

  

–

  

–

  

−166

  

–

  

–

  

–

  

–

  

–

  

–

  

−166

  

−72

  

−238

Other changes

  

–

  

–

  

22

  

1

  

–

  

–

  

–

  

−23

  

–

  

−1

  

85

  

84

Balance at Dec. 31, 2020

  

1,283

  

14,551

  

100,772

  

−5,659

  

1,287

  

−708

  

−219

  

30

  

15,713

  

127,049

  

1,734

  

128,783

Explanatory notes on equity are presented in the note relating to equity.