Volkswagen Group - Annual Report 2011


€ million	Note	Dec. 31, 2011	Dec. 31, 2010
Assets
Noncurrent assets
Intangible assets	12	21,992	13,104
Property, plant and equipment	13	31,916	25,847
Leasing and rental assets	14	16,626	11,812
Investment property	14	340	252
Equity-accounted investments	15	10,249	13,528
Other equity investments	15	3,049	640
Financial services receivables	16	42,450	35,817
Other receivables and financial assets	17	14,405	7,519
Noncurrent tax receivables	18	627	689
Deferred tax assets	18	6,333	4,248
		147,986	113,457
Current assets
Inventories	19	27,551	17,631
Trade receivables	20	10,479	6,883
Financial services receivables	16	33,754	30,164
Other receivables and financial assets	17	8,796	6,605
Current tax receivables	18	623	482
Marketable securities	21	6,146	5,501
Cash, cash equivalents and time deposits	22	18,291	18,670
		105,640	85,936
Total assets		253,626	199,393

Equity and Liabilities
Equity	23
Subscribed capital		1,191	1,191
Capital reserves		9,329	9,326
Accumulated comprehensive income		47,019	35,461
Equity attributable to shareholders of Volkswagen AG		57,539	45,978
Noncontrolling interests		5,815	2,734
		63,354	48,712
Noncurrent liabilities
Noncurrent financial liabilities	24	44,443	37,159
Other noncurrent liabilities	25	6,940	4,742
Deferred tax liabilities	26	4,125	1,669
Provisions for pensions	27	16,787	15,432
Provisions for taxes	26	3,721	3,610
Other noncurrent provisions	28	13,201	11,170
		89,216	73,781
Current liabilities
Current financial liabilities	24	49,090	39,852
Trade payables	29	16,325	12,544
Current tax payables	26	844	286
Other current liabilities	25	16,097	10,627
Provisions for taxes	26	2,888	2,077
Other current provisions	28	15,812	11,513
		101,057	76,900
Total equity and liabilities		253,626	199,393

Balance Sheet

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