Consolidated Financial Statements

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Statement of Changes in Equity

of the Volkswagen Group for the period January 1 to December 31, 2022

 

 

 

 

 

 

 

 

OTHER RESERVES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HEDGING

 

 

 

 

 

 

 

 

 

 

 

 

€ million

 

Subscribed capital

 

Capital reserve

 

Retained earnings

 

Currency trans­lation reserve

 

Cash flow hedges
(OCI I)

 

Deferred costs of hedging
(OCI II)

 

Equity and debt instru­ments

 

Equity-accounted invest­ments

 

Equity attributable to Volkswagen AG hybrid capital investors

 

Equity attributable to Volkswagen AG share­holders and hybrid capital investors

 

Non­controlling interests

 

Total equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at Jan. 1, 2021

 

1,283

 

14,551

 

100,772

 

−5,659

 

1,287

 

−708

 

−219

 

30

 

15,713

 

127,049

 

1,734

 

128,783

Earnings after tax

 

–

 

–

 

14,843

 

–

 

–

 

–

 

–

 

–

 

539

 

15,383

 

46

 

15,428

Other comprehensive income, net of tax

 

–

 

–

 

4,143

 

3,340

 

−1,922

 

342

 

−82

 

621

 

–

 

6,442

 

87

 

6,529

Total comprehensive income

 

–

 

–

 

18,986

 

3,340

 

−1,922

 

342

 

−82

 

621

 

539

 

21,825

 

133

 

21,958

Disposal of equity instruments

 

–

 

–

 

54

 

–

 

–

 

–

 

−54

 

–

 

–

 

–

 

–

 

–

Capital increases/Capital decreases

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

−1,237

 

−1,237

 

170

 

−1,068

Dividends payment

 

–

 

–

 

−2,419

 

–

 

–

 

–

 

–

 

–

 

−576

 

−2,994

 

−28

 

−3,022

Capital transactions involving a change in ownership interest

 

–

 

–

 

−269

 

−32

 

−1

 

0

 

0

 

−1

 

–

 

−302

 

−288

 

−590

Other changes

 

–

 

–

 

217

 

–

 

–

 

–

 

–

 

−109

 

–

 

108

 

−16

 

93

Balance at Dec. 31, 2021

 

1,283

 

14,551

 

117,342

 

−2,351

 

−635

 

−367

 

−355

 

541

 

14,439

 

144,449

 

1,705

 

146,154

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at Jan. 1, 2022

 

1,283

 

14,551

 

117,342

 

−2,351

 

−635

 

−367

 

−355

 

541

 

14,439

 

144,449

 

1,705

 

146,154

Earnings after tax

 

–

 

–

 

14,867

 

–

 

–

 

–

 

–

 

–

 

576

 

15,443

 

393

 

15,836

Other comprehensive income, net of tax

 

–

 

–

 

10,243

 

321

 

1,920

 

−885

 

−705

 

332

 

–

 

11,226

 

241

 

11,466

Total comprehensive income

 

–

 

–

 

25,109

 

321

 

1,920

 

−885

 

−705

 

332

 

576

 

26,668

 

634

 

27,302

Disposal of equity instruments

 

–

 

–

 

−58

 

–

 

–

 

–

 

58

 

–

 

–

 

–

 

–

 

–

Capital increases/Capital decreases1

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

−337

 

−337

 

103

 

−234

Dividends payment2

 

–

 

–

 

−13,327

 

–

 

–

 

–

 

–

 

–

 

−557

 

−13,884

 

−257

 

−14,141

Capital transactions involving a change in ownership interest2

 

–

 

–

 

8,148

 

−226

 

338

 

174

 

−3

 

0

 

–

 

8,432

 

10,796

 

19,228

Other changes

 

–

 

–

 

52

 

–

 

–

 

–

 

–

 

−3

 

–

 

50

 

−30

 

20

Balance at Dec. 31, 2022

 

1,283

 

14,551

 

137,267

 

−2,256

 

1,623

 

−1,077

 

−1,005

 

870

 

14,121

 

165,378

 

12,950

 

178,327

1

For details on capital increases/decreases, see the “Equity” section.

2

For information on dividend payments and capital transactions involving a change in ownership interest, see the “Equity” section and the “Key events” section.

Explanatory notes on equity are presented in the note relating to equity.