Statement of Comprehensive Income
Changes in comprehensive income for the period January 1 to December 31, 2019 |
||||||||
---|---|---|---|---|---|---|---|---|
€ million |
Total |
Equity attributable to Volkswagen AG shareholders |
Equity attributable to Volkswagen AG hybrid capital investors |
Equity attributable to noncontrolling interests |
||||
|
|
|
|
|
||||
Earnings after tax |
14,029 |
13,346 |
540 |
143 |
||||
Pension plan remeasurements recognized in other comprehensive income |
|
|
|
|
||||
Pension plan remeasurements recognized in other comprehensive income, before tax |
−8,011 |
−7,993 |
– |
−18 |
||||
Deferred taxes relating to pension plan remeasurements recognized in other comprehensive income |
2,429 |
2,423 |
– |
6 |
||||
Pension plan remeasurements recognized in other comprehensive income, net of tax |
−5,582 |
−5,570 |
– |
−11 |
||||
Fair Value valuation of equity instruments that will not be reclassified to profit or loss, net of tax |
−27 |
−26 |
– |
−1 |
||||
Share of other comprehensive income of equity-accounted investments that will not be reclassified to profit or loss, net of tax |
−3 |
−1 |
– |
−2 |
||||
Items that will not be reclassified to profit or loss |
−5,612 |
−5,597 |
– |
−15 |
||||
Exchange differences on translating foreign operations |
|
|
|
|
||||
Gains/losses on currency translation recognized in other comprehensive income |
572 |
565 |
– |
7 |
||||
Transferred to profit or loss |
2 |
2 |
– |
0 |
||||
Exchange differences on translating foreign operations, before tax |
574 |
567 |
– |
7 |
||||
Deferred taxes relating to exchange differences on translating foreign operations |
12 |
12 |
– |
– |
||||
Exchange differences on translating foreign operations, net of tax |
586 |
579 |
– |
7 |
||||
Hedging |
|
|
|
|
||||
Fair value changes recognized in other comprehensive income (OCI I) |
−1,622 |
−1,618 |
– |
−4 |
||||
Transferred to profit or loss (OCI I) |
−782 |
−784 |
– |
2 |
||||
Cash flow hedges (OCI I), before tax |
−2,404 |
−2,402 |
– |
−2 |
||||
Deferred taxes relating to cash flow hedges (OCI I) |
708 |
707 |
– |
1 |
||||
Cash flow hedges (OCI I), net of tax |
−1,697 |
−1,695 |
– |
−1 |
||||
Fair value changes recognized in other comprehensive income (OCI II) |
−1,490 |
−1,490 |
– |
0 |
||||
Transferred to profit or loss (OCI II) |
997 |
996 |
– |
1 |
||||
Cash flow hedges (OCI II), before tax |
−493 |
−494 |
– |
1 |
||||
Deferred taxes relating to cash flow hedges (OCI II) |
146 |
146 |
– |
0 |
||||
Cash flow hedges (OCI II), net of tax |
−347 |
−348 |
– |
1 |
||||
Fair value valuation of debt instruments that may be reclassified to profit or loss |
|
|
|
|
||||
Fair value changes recognized in other comprehensive income |
23 |
23 |
– |
– |
||||
Transferred to profit or loss |
1 |
1 |
– |
– |
||||
Fair value valuation of debt instruments that may be reclassified to profit or loss, before tax |
24 |
24 |
– |
– |
||||
Deferred taxes relating to fair value valuation of debt instruments recognized in other comprehensive income |
−7 |
−7 |
– |
– |
||||
Fair value valuation of debt instruments that may be reclassified to profit or loss, net of tax |
17 |
17 |
– |
– |
||||
Share of other comprehensive income of equity-accounted investments that may be reclassified to profit or loss, net of tax |
78 |
77 |
– |
1 |
||||
Items that may be reclassified to profit or loss |
−1,363 |
−1,370 |
– |
7 |
||||
Other comprehensive income, before tax |
−10,263 |
−10,248 |
– |
−14 |
||||
Deferred taxes relating to other comprehensive income |
3,288 |
3,282 |
– |
7 |
||||
Other comprehensive income, net of tax |
−6,974 |
−6,967 |
– |
−8 |
||||
Total comprehensive income |
7,055 |
6,379 |
540 |
136 |
Changes in comprehensive income for the period January 1 to December 31, 2020 |
||||||||
---|---|---|---|---|---|---|---|---|
€ million |
Total |
Equity attributable to Volkswagen AG shareholders |
Equity attributable to Volkswagen AG hybrid capital investors |
Equity attributable to noncontrolling interests |
||||
|
|
|
|
|
||||
Earnings after tax |
8,824 |
8,334 |
533 |
−43 |
||||
Pension plan remeasurements recognized in other comprehensive income |
|
|
|
|
||||
Pension plan remeasurements recognized in other comprehensive income, before tax |
−2,871 |
−2,861 |
– |
−9 |
||||
Deferred taxes relating to pension plan remeasurements recognized in other comprehensive income |
930 |
928 |
– |
2 |
||||
Pension plan remeasurements recognized in other comprehensive income, net of tax |
−1,940 |
−1,933 |
– |
−7 |
||||
Fair Value valuation of equity instruments that will not be reclassified to profit or loss, net of tax |
−6 |
−6 |
– |
1 |
||||
Share of other comprehensive income of equity-accounted investments that will not be reclassified to profit or loss, net of tax |
61 |
55 |
– |
6 |
||||
Items that will not be reclassified to profit or loss |
−1,885 |
−1,885 |
– |
0 |
||||
Exchange differences on translating foreign operations |
|
|
|
|
||||
Gains/losses on currency translation recognized in other comprehensive income |
−2,883 |
−2,846 |
– |
−37 |
||||
Transferred to profit or loss |
16 |
16 |
– |
0 |
||||
Exchange differences on translating foreign operations, before tax |
−2,868 |
−2,830 |
– |
−37 |
||||
Deferred taxes relating to exchange differences on translating foreign operations |
−6 |
−6 |
– |
– |
||||
Exchange differences on translating foreign operations, net of tax |
−2,874 |
−2,836 |
– |
−37 |
||||
Hedging |
|
|
|
|
||||
Fair value changes recognized in other comprehensive income (OCI I) |
2,866 |
2,872 |
– |
−6 |
||||
Transferred to profit or loss (OCI I) |
−1,122 |
−1,126 |
– |
4 |
||||
Cash flow hedges (OCI I), before tax |
1,744 |
1,746 |
– |
−2 |
||||
Deferred taxes relating to cash flow hedges (OCI I) |
−553 |
−553 |
– |
1 |
||||
Cash flow hedges (OCI I), net of tax |
1,191 |
1,192 |
– |
−1 |
||||
Fair value changes recognized in other comprehensive income (OCI II) |
−799 |
−799 |
– |
0 |
||||
Transferred to profit or loss (OCI II) |
1,178 |
1,178 |
– |
0 |
||||
Cash flow hedges (OCI II), before tax |
378 |
379 |
– |
0 |
||||
Deferred taxes relating to cash flow hedges (OCI II) |
−110 |
−110 |
– |
0 |
||||
Cash flow hedges (OCI II), net of tax |
268 |
269 |
– |
0 |
||||
Fair value valuation of debt instruments that may be reclassified to profit or loss |
|
|
|
|
||||
Fair value changes recognized in other comprehensive income |
38 |
38 |
– |
– |
||||
Transferred to profit or loss |
1 |
1 |
– |
– |
||||
Fair value valuation of debt instruments that may be reclassified to profit or loss, before tax |
39 |
39 |
– |
– |
||||
Deferred taxes relating to fair value valuation of debt instruments recognized in other comprehensive income |
−12 |
−12 |
– |
– |
||||
Fair value valuation of debt instruments that may be reclassified to profit or loss, net of tax |
27 |
27 |
– |
– |
||||
Share of other comprehensive income of equity-accounted investments that may be reclassified to profit or loss, net of tax |
−304 |
−297 |
– |
−6 |
||||
Items that may be reclassified to profit or loss |
−1,690 |
−1,645 |
– |
−45 |
||||
Other comprehensive income, before tax |
−3,825 |
−3,777 |
– |
−48 |
||||
Deferred taxes relating to other comprehensive income |
250 |
247 |
– |
3 |
||||
Other comprehensive income, net of tax |
−3,575 |
−3,530 |
– |
−45 |
||||
Total comprehensive income |
5,249 |
4,804 |
533 |
−88 |