Notes

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11 Earnings per share

Basic earnings per share are calculated by dividing earnings attributable to Volkswagen AG shareholders by the weighted average number of ordinary and preferred shares outstanding during the reporting period. Since there were no transactions in 2021 and 2020 that had a dilutive effect on the number of shares, diluted earnings per share are equivalent to basic earnings per share.

In accordance with Article 27(2) No. 3 of the Articles of Association of Volkswagen AG, preferred shares are entitled to a €0.06 higher dividend than ordinary shares.

 

 

 

 

2021

 

2020

 

 

 

 

 

 

 

Weighted average number of:

 

 

 

 

 

 

Ordinary shares – basic/diluted

 

Shares

 

295,089,818

 

295,089,818

Preferred shares – basic/diluted

 

Shares

 

206,205,445

 

206,205,445

 

 

 

 

 

 

 

Earnings after tax

 

€ million

 

15,428

 

8,824

Earnings attributable to noncontrolling interests

 

€ million

 

46

 

–43

Earnings attributable to Volkswagen AG hybrid capital investors

 

€ million

 

539

 

533

Earnings attributable to Volkswagen AG shareholders

 

€ million

 

14,843

 

8,334

of which basic/diluted earnings attributable to ordinary shares

 

€ million

 

8,730

 

4,898

of which basic/diluted earnings attributable to preferred shares

 

€ million

 

6,113

 

3,435

 

 

 

 

 

 

 

Earnings per ordinary share – basic/diluted

 

 

29.59

 

16.60

Earnings per preferred share – basic/diluted

 

 

29.65

 

16.66