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100% Statement of Changes in Equity of the Volkswagen Group for the period January 1 to December 31, 2016

OTHER RESERVES € million Sub­scribed capital Capital reserves Re­tained earnings Cur­rency trans­lation reserve Cash flow hedge reserve Availabl...

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98% 24 Equity

The subscribed capital of Volkswagen AG is composed of no-par value bearer shares with a notional value of €2.56. As well as ordinary shares, there ...

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96% 7 Share of profits and losses of equity-accounted investments

€ million 2016 2015 Share of profits of equity-accounted investments 3,563 4,417 of which: from joint ventures (3,534) (4,389) of which: from associ...

/notes/income-statement-disclosures/share-of-profits-and-losses-of-equity-accounted-investments.html

71% 15 Equity-accounted investments and other equity investments

CHANGES IN EQUITY-ACCOUNTED INVESTMENTS AND OTHER EQUITY INVESTMENTS IN THE PERIOD JANUARY 1 TO DECEMBER 31, 2015 € million Equity-accounted investm...

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15% Net Assets

Consolidated balance sheet structure At €409.7 billion, the Volkswagen Group’s total assets at the end of fiscal year 2016 exceeded the prior-year...

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13% Investments

B.V. on January 29, 2016. There Holding B.V. is an associate that is accounted for using the equity method. The identification of hidden reserves and...

/notes/basis-of-presentation/basis-of-consolidation/investments.html

8% 34.4. Market risk

4.1 Hedging policy and financial derivatives During the course of its general business activities, the Volkswagen Group is exposed to foreign currency...

/notes/other-disclosures/financial-risk-management/market-risk.html

8% Accounting policies

is an asset that necessarily takes at least a year to get ready for its intended use or sale. EQUITY-ACCOUNTED INVESTMENTS The cost of equity-account...

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7% Additional Balance Sheet Disclosures in accordance with IFRS 7 (Financial Instruments)

Carrying amount Carrying amount Fair value Carrying amount Carrying amount Noncurrent assets Equity-accounted investments – – – – 10,904 10,9...

/notes/balance-sheet-disclosures/liabilities/financial-instruments.html

6% 35 Capital management

The Group’s capital management ensures that its goals and strategies can be achieved in the interests of shareholders, employees and other stakehold...

/notes/other-disclosures/capital-management.html