Consolidated Financial Statements

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Statement of Changes in Equity

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

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 decreases

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

2,989

 

2,989

 

–

 

2,989

Dividends payment

 

–

 

–

 

–2,419

 

–

 

–

 

–

 

–

 

–

 

–472

 

–2,891

 

–61

 

–2,952

Capital transactions involving a change in ownership interest

 

–

 

–

 

–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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at Jan. 1, 2021

 

1,283

 

14,551

 

100,772

 

–5,659

 

1,287

 

–708

 

–219

 

30

 

15,713

 

127,049

 

1,734

 

128,783

Earnings after tax

 

–

 

–

 

14,843

 

–

 

–

 

–

 

–

 

–

 

539

 

15,383

 

46

 

15,428

Other comprehensive income, net of tax

 

–

 

–

 

4,143

 

3,340

 

–1,922

 

342

 

–82

 

621

 

–

 

6,442

 

87

 

6,529

Total comprehensive income

 

–

 

–

 

18,986

 

3,340

 

–1,922

 

342

 

–82

 

621

 

539

 

21,825

 

133

 

21,958

Disposal of equity instruments

 

–

 

–

 

54

 

–

 

–

 

–

 

–54

 

–

 

–

 

–

 

–

 

–

Capital increases/Capital decreases1

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–1,237

 

–1,237

 

170

 

–1,068

Dividends payment

 

–

 

–

 

–2,419

 

–

 

–

 

–

 

–

 

–

 

–576

 

–2,994

 

–28

 

–3,022

Capital transactions involving a change in ownership interest2

 

–

 

–

 

–269

 

–32

 

–1

 

0

 

0

 

–1

 

–

 

–302

 

–288

 

–590

Other changes

 

–

 

–

 

217

 

–

 

–

 

–

 

–

 

–109

 

–

 

108

 

–16

 

93

Balance at Dec. 31, 2021

 

1,283

 

14,551

 

117,342

 

–2,351

 

–635

 

–367

 

–355

 

541

 

14,439

 

144,449

 

1,705

 

146,154

1

Redemption of hybrid note issued in fiscal year 2014.

2

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

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