Notes

1 Sales revenue

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STRUCTURE OF GROUP SALES REVENUE 2021
€ million	Passenger Cars and Light Commercial Vehicles	Commercial Vehicles	Power Engineering	Financial Services	Total Segments	Reconciliation	Volkswagen Group

Vehicles	143,473	19,029	–	–	162,502	–14,435	148,067
Genuine parts	13,353	4,800	–	–	18,153	–138	18,015
Used vehicles and third-party products	12,018	1,887	–	20,160	34,065	–3,201	30,864
Engines, powertrains and parts deliveries	12,188	723	–	–	12,911	–58	12,853
Power Engineering	–	–	3,278	–	3,278	–1	3,276
Motorcycles	732	–	–	–	732	–	732
Leasing business	785	1,686	0	15,171	17,642	–1,167	16,474
Interest and similar income	209	5	–	7,856	8,070	–349	7,721
Hedges sales revenue	–365	–42	–	0	–407	22	–386
Other sales revenue	10,375	2,004	–	775	13,154	–571	12,583
	192,767	30,092	3,278	43,963	270,099	–19,899	250,200

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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

Vehicles¹

129,481

13,385

–

142,866

–13,703

129,164

Genuine parts

11,755

3,249

–

15,004

–118

14,886

Used vehicles and third-party products¹

11,421

1,525

–

17,699

30,645

–3,297

27,348

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 business¹

767

1,628

14,668

17,063

–1,768

15,295

Interest and similar income

192

–

7,707

7,907

–261

7,646

Hedges sales revenue

–357

–18

–

–375

–345

Other sales revenue¹

9,533

1,709

–

704

11,946

–514

11,433

175,984

22,156

3,640

40,778

242,557

–19,673

222,884

Beginning in fiscal year 2021, all sales of used vehicles that were presented in the vehicles, leasing business and other sales revenue line items in the previous year were allocated to the used vehicles and third-party products line item. Previously, for example, the transfer of a leased vehicle from the lessee had been reported in the leasing business line item. Prior-year figures were adjusted accordingly.

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 €6,877 million (previous year: €6,815 million) was included in contract liabilities as of January 1, 2021.

€575 million (previous year: €345 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 €3,260 million (previous year: €3,676 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, 2022, 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 2022. 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.