Sitemap Home To our Shareholders Letter to our Shareholders The Board of Management Report of the Supervisory Board Committee activities Topics discussed by the Supervisory Board Conflicts of interest Corporate Governance and Declaration of conformity Composition of the Supervisory Board and Board of Management Audit of the annual and consolidated financial statements Divisions Brands and Business Fields Volkswagen Passenger Cars Škoda SEAT/CUPRA Volkswagen Commercial Vehicles Audi Porsche TRATON GROUP Volkswagen Group China Volkswagen Financial Services Corporate Governance Group Corporate Governance Declaration Declarations of conformity Board of Management Supervisory Board Disclosures required by the Führungspositionen-Gesetz Remuneration Report Corporate practices Members of the Board of Management Members of the Supervisory Board and Committees Remuneration Report Board of Management Remuneration Supervisory Board Remuneration Group Management Report Goals and Strategies Internal Management System and Key Performance Indicators Structure and Business Activities Disclosures Required under Takeover Law Business Development Trends in the markets New group models in 2023 Deliveries Orders received Financial Services Sales to the dealer organization Production Inventories Employees Shares and Bonds Dividend Shareholder structure Share key figures Refinancing Ratings ESG ratings Results of Operations, Financial Position and Net Assets Results of Operations Financial Position Net Assets Return on investment (ROI) and value contribution Summary Volkswagen AG Annual Result Net Assets and Financial Position Dividend Business Development Sustainable Value Enhancement Sustainability Integrity and compliance Research and Development Procurement Technology Production Sales and Marketing Quality Employees Information Technology Separate nonfinancial Group report Post-balance sheet date events EU Taxonomy Economic activities of the Volkswagen Group Do no significant harm (DNSH) Minimum safeguards Key performance indicators in accordance with the EU Taxonomy regulation Report on Expected Developments Development of the global economy Passenger cars and light commercial vehicles Commercial vehicles Power Engineering Financial services Exchange rate, interest rate and commodity price trends Model innovations in 2024 Investment and financial planning Summary of expected developments Report on Risks and Opportunities Risk management and control system Risks and opportunities Overall assessment of the risk and opportunity position Outlook Consolidated Financial Statements Income Statement Statement of Comprehensive Income Balance Sheet Statement of Changes in Equity Cash flow Statement Notes Basis of presentation Accounting standards Key events Effects of climate change Basis of consolidation Currency translation Accounting policies Segment reporting Income Statement Disclosures 1. Sales revenue 2. Cost of sales 3. Distribution expenses 4. Administrative expenses 5. Other operating income 6. Other operating expenses 7. Share of result of equity-accounted investments 8. Interest result 9. Other financial result 10. Income tax income/expense 11. Earnings per share Balance Sheet Disclosures 12. Intangible assets 13. Property, plant and equipment 14. Lease assets and investment property 15. Equity-accounted investments and other equity investments 16. Noncurrent and current financial services receivables 17. Noncurrent and current other financial assets 18. Noncurrent and current other receivables 19. Tax assets 20. Inventories 21. Trade receivables 22. Marketable securities and time deposits 23. Cash and cash equivalents 24. Equity 25. Noncurrent and current financial liabilities 26. Noncurrent and current other financial liabilities 27. Noncurrent and current other liabilities 28. Tax liabilities 29. Provisions for pensions and other post-employment benefits 30. Noncurrent and current other provisions 31. Trade payables Other Disclosures 32. IAS 23 (Borrowing Costs) 33. IFRS 16 (Leases) 34. IFRS 7 (Financial Instruments) 35. Cash flow statement 36. Financial risk management and financial instruments 37. Capital management 38. Contingent liabilities 39. Litigation 40. Other financial obligations 41. Total fee of the Group auditor 42. Personnel expenses 43. Average number of employees during the year 44. Events after the balance sheet date 45. Remuneration based on performance shares 46. Related party disclosures in accordance with IAS 24 47. Notices and disclosure of changes regarding the ownership of voting rights in Volkswagen AG in accordance with the Wertpapierhandelsgesetz (WpHG – German Securities Trading Act) 48. German Corporate Governance Code 49. Remuneration of the Board of Management and the Supervisory Board Responsibility Statement Independent Auditors’ Report Independent Auditors’ Report (on the Remuneration Report)