1 Sales revenue

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STRUCTURE OF GROUP SALES REVENUE 2019
€ million	Passenger Cars and Light Commercial Vehicles	Commercial Vehicles	Power Engineering	Financial Services	Total Segments	Reconciliation	Volkswagen Group

Vehicles	154,377	17,387	–	–	171,764	−14,552	157,212
Genuine parts	13,329	3,464	–	–	16,793	−117	16,676
Used vehicles and third-party products	12,583	1,415	–	–	13,997	−549	13,449
Engines, powertrains and parts deliveries	11,496	641	–	–	12,137	−21	12,116
Power Engineering	–	–	3,997	–	3,997	−2	3,994
Motorcycles	603	–	–	–	603	0	603
Leasing business	986	1,735	0	30,795	33,517	−4,370	29,147
Interest and similar income	235	5	–	8,031	8,271	−205	8,066
Hedges sales revenue	−143	−18	–	0	−161	171	11
Other sales revenue	8,808	1,814	–	1,334	11,956	−597	11,359
	202,273	26,444	3,997	40,160	272,875	−20,242	252,632

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STRUCTURE OF GROUP SALES REVENUE 2020
€ million	Passenger Cars and Light Commercial Vehicles	Commercial Vehicles	Power Engineering	Financial Services	Total Segments	Reconciliation	Volkswagen Group

Vehicles	129,913	13,385	–	–	143,298	−13,703	129,595
Genuine parts	11,755	3,249	–	–	15,004	−118	14,886
Used vehicles and third-party products	11,716	1,455	–	–	13,171	−637	12,535
Engines, powertrains and parts deliveries	12,625	669	–	–	13,294	−41	13,253
Power Engineering	–	–	3,640	–	3,640	−2	3,638
Motorcycles	567	–	–	–	567	–	567
Leasing business	767	1,698	0	31,608	34,073	−4,334	29,739
Interest and similar income	192	8	–	7,707	7,907	−261	7,646
Hedges sales revenue	−357	−18	–	0	−375	30	−345
Other sales revenue	8,806	1,709	–	1,463	11,978	−608	11,370
	175,984	22,156	3,640	40,778	242,557	−19,673	222,884

For segment reporting purposes, the sales revenue of the Group is presented by segment and market.

Other sales revenue comprises revenue from workshop services and license revenue, among other things.

Of the sales revenue recognized in the period under review, an amount of €6,815 million (previous year: €6,333 million) was included in contract liabilities as of January 1, 2020.

€345 million (previous year: €359 million) of the sales revenue recognized in the period under review is attributable to performance obligations satisfied in a prior period.

In addition to existing performance obligations of €3,676 million (previous year: €3,967 million) in the Power Engineering segment, most of which are expected to be satisfied or for which sales revenue is expected to be recognized by December 31, 2021, the vast majority of the Volkswagen Group’s performance obligations that were unsatisfied as of the reporting date relate to vehicle deliveries. Most of these deliveries had already been made at the time this report was prepared, or will be made in the first quarter of 2021. The calculation of the amounts for the Power Engineering Business Area took account of both contracts with a term of up to one year and service contracts under which the Volkswagen Group realizes sales revenue in exactly the same amount as the customer benefits from the services rendered by the Company. In the case of variable consideration, sales revenue is only recognized to the extent that there is reasonable assurance that this sales revenue will not subsequently have to be reversed or adjusted downward.

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1 Sales revenue