Annual Report 2024

Consolidated Financial Statements

Statement of Changes in Equity

of the Volkswagen Group for the period January 1 to December 31, 20241

Statement of Changes in Equity of the Volkswagen Group

 

 

 

 

 

 

 

 

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

 

Non-controlling interests

 

Total equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at Jan. 1, 2023

 

1,283

 

14,551

 

137,272

 

−2,256

 

1,623

 

−1,077

 

−1,005

 

864

 

14,121

 

165,376

 

12,952

 

178,328

Prior-year corrections in accordance with IAS 8

 

–

 

–

 

−659

 

–

 

–

 

–

 

–

 

–

 

–

 

−659

 

–

 

−659

Adjusted balance at Jan. 1, 2023

 

1,283

 

14,551

 

136,613

 

−2,256

 

1,623

 

−1,077

 

−1,005

 

864

 

14,121

 

164,717

 

12,952

 

177,669

Earnings after tax

 

–

 

–

 

15,947

 

–

 

–

 

–

 

–

 

–

 

586

 

16,533

 

1,329

 

17,861

Other comprehensive income, net of tax

 

–

 

–

 

−1,153

 

−1,163

 

−151

 

401

 

52

 

−388

 

–

 

−2,402

 

64

 

−2,339

Total comprehensive income

 

–

 

–

 

14,794

 

−1,163

 

−151

 

401

 

52

 

−388

 

586

 

14,130

 

1,393

 

15,523

Disposal of equity instruments

 

–

 

–

 

13

 

–

 

–

 

–

 

−13

 

–

 

–

 

–

 

–

 

–

Capital increases/Capital decreases

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

1,004

 

1,004

 

3

 

1,008

Dividends payment

 

–

 

–

 

−4,374

 

–

 

–

 

–

 

–

 

–

 

−556

 

−4,930

 

−54

 

−4,984

Capital transactions involving a change in ownership interest

 

–

 

–

 

−42

 

−11

 

–

 

–

 

–

 

–

 

–

 

−54

 

−27

 

−80

Other changes

 

–

 

–

 

100

 

–

 

–

 

–

 

–

 

–

 

–

 

100

 

−50

 

51

Balance at Dec. 31, 2023

 

1,283

 

14,551

 

147,104

 

−3,431

 

1,472

 

−676

 

−966

 

476

 

15,155

 

174,968

 

14,218

 

189,186

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at Jan. 1, 2024

 

1,283

 

14,551

 

147,830

 

−3,431

 

1,472

 

−676

 

−966

 

476

 

15,155

 

175,694

 

14,218

 

189,912

Prior-year corrections in accordance with IAS 8

 

–

 

–

 

−726

 

–

 

–

 

–

 

–

 

–

 

–

 

−726

 

–

 

−726

Adjusted balance at Jan. 1, 2024

 

1,283

 

14,551

 

147,104

 

−3,431

 

1,472

 

−676

 

−966

 

476

 

15,155

 

174,968

 

14,218

 

189,186

Earnings after tax

 

–

 

–

 

10,721

 

–

 

–

 

–

 

–

 

–

 

630

 

11,351

 

1,043

 

12,394

Other comprehensive income, net of tax

 

–

 

–

 

1,589

 

1,275

 

−1,006

 

409

 

61

 

−174

 

–

 

2,154

 

−183

 

1,971

Total comprehensive income

 

–

 

–

 

12,310

 

1,275

 

−1,006

 

409

 

61

 

−174

 

630

 

13,505

 

860

 

14,365

Disposal of equity instruments

 

–

 

–

 

1

 

–

 

–

 

–

 

−1

 

–

 

–

 

–

 

–

 

–

Capital increases/Capital decreases

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

−1,244

 

−1,244

 

106

 

−1,138

Dividends payment

 

–

 

–

 

−4,524

 

–

 

–

 

–

 

–

 

–

 

−651

 

−5,175

 

−604

 

−5,779

Capital transactions involving a change in ownership interest

 

–

 

–

 

−4

 

0

 

–

 

–

 

–

 

–

 

–

 

−4

 

4

 

–

Other changes

 

–

 

–

 

243

 

–

 

–

 

–

 

–

 

1

 

–

 

244

 

−147

 

97

Balance at Dec. 31, 2024

 

1,283

 

14,551

 

155,130

 

−2,156

 

466

 

−267

 

−906

 

303

 

13,890

 

182,294

 

14,437

 

196,731

1

Prior-year figures adjusted (see disclosures on IAS 8 in the “Prior-year corrections in accordance with IAS 8” section).

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

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