Volkswagen Group - Annual Report 2011 - Statement of Comprehensive Income

CHANGES IN COMPREHENSIVE INCOME FOR THE PERIOD JANUARY 1 TO DECEMBER 31, 2010
€ million	Total	VW AG shareholders	Noncontrolling interests
Profit after tax	7,226	6,835	392
Actuarial gains/losses
Actuarial gains/losses, before tax	–1,344	–1,311	–33
Deferred taxes relating to actuarial gains/losses	393	384	9
Actuarial gains/losses, net of tax	–951	–927	–24
Exchange differences on translating foreign operations
Unrealized currency translation gains/losses	1,978	1,716	261
Transferred to profit or loss	–	–	–
Exchange differences on translating foreign operations, before tax	1,978	1,716	261
Deferred taxes relating to exchange differences on translating foreign operations	–	–	–
Exchange differences on translating foreign operations, net of tax	1,978	1,716	261
Cash flow hedges
Fair value changes recognized in other comprehensive income	–868	–899	31
Transferred to profit or loss	–268	–232	–36
Cash flow hedges, before tax	–1,136	–1,130	–5
Deferred taxes relating to cash flow hedges	333	332	1
Cash flow hedges, net of tax	–802	–798	–4
Available-for-sale financial assets
Fair value changes recognized in other comprehensive income	1	1	–
Transferred to profit or loss	–35	–35	–
Available-for-sale financial assets, before tax	–34	–34	–
Deferred taxes relating to available-for-sale financial assets	10	10	–
Available-for-sale financial assets, net of tax	–24	–24	–
Share of other comprehensive income of equity-accounted investments, net of tax	516	516	–
Other comprehensive income, before tax	–20	–242	222
Deferred taxes relating to other comprehensive income	736	726	11
Other comprehensive income, net of tax	717	484	233
Total comprehensive income	7,943	7,319	625

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CHANGES IN COMPREHENSIVE INCOME FOR THE PERIOD JANUARY 1 TO DECEMBER 31, 2011
€ million	Total	VW AG shareholders	Non controlling interests
Profit after tax	15,799	15,409	391
Actuarial gains/losses
Actuarial gains/losses, before tax	–1,005	–926	–79
Deferred taxes relating to actuarial gains/losses	282	261	21
Actuarial gains/losses, net of tax	–722	–665	–57
Exchange differences on translating foreign operations
Unrealized currency translation gains/losses	–189	–168	–22
Transferred to profit or loss	–	–	–
Exchange differences on translating foreign operations, before tax	–189	–168	–22
Deferred taxes relating to exchange differences on translating foreign operations	1	1	–
Exchange differences on translating foreign operations, net of tax	–189	–167	–22
Cash flow hedges
Fair value changes recognized in other comprehensive income	–2,013	–2,006	–8
Transferred to profit or loss	–65	–65	–
Cash flow hedges, before tax	–2,079	–2,071	–8
Deferred taxes relating to cash flow hedges	577	573	4
Cash flow hedges, net of tax	–1,502	–1,498	–4
Available-for-sale financial assets
Fair value changes recognized in other comprehensive income	127	127	–
Transferred to profit or loss	83	83	–
Available-for-sale financial assets, before tax	211	211	–
Deferred taxes relating to available-for-sale financial assets	–10	–10	–
Available-for-sale financial assets, net of tax	200	200	–
Share of other comprehensive income of equity-accounted investments, net of tax*	–391	–393	2
Other comprehensive income, before tax	–3,453	–3,347	–106
Deferred taxes relating to other comprehensive income	850	825	25
Other comprehensive income, net of tax	–2,603	–2,522	–81
Total comprehensive income	13,196	12,886	310
* Including income and expenses transferred to profit or loss due to the change in the accounting for MAN SE (€48 million) and the Suzuki Motor Corporation (€430 million).

Starting in fiscal year 2011, other comprehensive income is presented separately in the statement of comprehensive income for amounts attributable to the shareholders of Volkswagen AG and amounts attributable to noncontrolling interests. In addition, other comprehensive income is presented both before and net of tax. The corresponding supplemental disclosures in the notes are no longer presented. The prior-year figures were adjusted.

Statement of Comprehensive Income

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