Consolidated Financial Statements

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Income Statement

of the Volkswagen Group for the period January 1 to December 31, 2021

€ million

 

Note

 

2021

 

2020

 

 

 

 

 

 

 

Sales revenue

 

1

 

250,200

 

222,884

Cost of sales

 

2

 

–202,959

 

–183,937

Gross result

 

 

 

47,241

 

38,947

Distribution expenses

 

3

 

–19,228

 

–18,407

Administrative expenses

 

4

 

–10,420

 

–9,399

Other operating income

 

5

 

14,731

 

12,438

Other operating expenses

 

6

 

–13,049

 

–13,904

Operating result

 

 

 

19,275

 

9,675

Share of the result of equity-accounted investments

 

7

 

2,321

 

2,756

Interest income

 

8

 

810

 

793

Interest expenses

 

8

 

–1,818

 

–2,291

Other financial result

 

9

 

–463

 

733

Financial result

 

 

 

851

 

1,991

Earnings before tax

 

 

 

20,126

 

11,667

Income tax income/expense

 

10

 

–4,698

 

–2,843

Current

 

 

 

–4,612

 

–3,150

Deferred

 

 

 

–86

 

307

Earnings after tax

 

 

 

15,428

 

8,824

of which attributable to

 

 

 

 

 

 

Noncontrolling interests

 

 

 

46

 

–43

Volkswagen AG hybrid capital investors

 

 

 

539

 

533

Volkswagen AG shareholders

 

 

 

14,843

 

8,334

 

 

 

 

 

 

 

Basic/diluted earnings per ordinary share in €

 

11

 

29.59

 

16.60

Basic/diluted earnings per preferred share in €

 

11

 

29.65

 

16.66