Shareholders of VW AG

VOLKSWAGEN
AKTIENGESELLSCHAFT
Shareholdings
of Volkswagen AG
and the Volkswagen Group
as of December 31, 2012
in accordance with
Sections 285 and 313 of the HGB
Name and domicile of company
Exchange
rate
(1 = )
Currency Dec. 31, 2012
VW AG's interest
in capital in %
Direct
Indirect
Total
Equity
in thousands,
local currency
Profit/loss
in thousands,
local currency
I. PARENT COMPANY
VOLKSWAGEN AG, Wolfsburg
EUR
II. SUBSIDIARIES
A. Consolidated companies
1. Germany
ADMOS-Gleitlager Produktions- und Vertriebsgesellschaft mbH, Berlin
AUDI AG, Ingolstadt
Audi Akademie GmbH, Ingolstadt
Audi Berlin GmbH, Berlin
Audi Frankfurt GmbH, Frankfurt am Main
Audi Hamburg GmbH, Hamburg
Audi Hannover GmbH, Hanover
Audi Leipzig GmbH, Leipzig
Audi Stuttgart GmbH, Stuttgart
Audi Vertriebsbetreuungsgesellschaft mbH, Ingolstadt
Auto & Service PIA GmbH, Munich
Autohaus Leonrodstrae GmbH, Munich
Automobilmanufaktur Dresden GmbH, Dresden
Autostadt GmbH, Wolfsburg
AutoVision GmbH, Wolfsburg
B. + V. Grundstcks- und Verwertungs-GmbH & Co. KG, Koblenz
B. + V. Grundstcks- Verwaltungs- und Verwertungs-GmbH, Koblenz
Bugatti Engineering GmbH, Wolfsburg
Dr. Ing. h.c. F. Porsche AG, Stuttgart
Driver Eight GmbH, Frankfurt am Main
Driver Five GmbH, in liquidation, Frankfurt am Main
Driver Four GmbH, in liquidation, Frankfurt am Main
Driver Nine GmbH, Frankfurt am Main
Driver Seven GmbH, Frankfurt am Main
Driver Six GmbH, in liquidation, Frankfurt am Main
Driver Ten GmbH, Frankfurt am Main
Driver Three GmbH, Frankfurt am Main
Driver Two GmbH, in liquidation, Frankfurt am Main
Ducati Motor Deutschland GmbH, Cologne
Eberhardt Kraftfahrzeug GmbH & Co. KG, Ulm
Eurocar Deutschland Verwaltungs GmbH, Munich
Eurocar Immobilien GmbH & Co. KG, Freilassing
EURO-Leasing GmbH, Sittensen
GETAS Verwaltung GmbH & Co. Objekt Augsburg KG, Pullach i. Isartal
GETAS Verwaltung GmbH & Co. Objekt Ausbildungszentrum KG, Pullach i. Isartal
GETAS Verwaltung GmbH & Co. Objekt Heinrich-von-Buz-Strae KG, Pullach i. Isartal
GETAS Verwaltung GmbH & Co. Objekt Offenbach KG, Pullach i. Isartal
GETAS Verwaltung GmbH & Co. Objekt Verwaltung Nrnberg KG, Pullach i. Isartal
Haberl Beteiligungs-GmbH, Munich
Held & Strhle GmbH & Co. KG, Ulm
Karosseriewerk Porsche GmbH & Co. KG, Stuttgart
Kosiga GmbH & Co. KG, Pullach i. Isartal
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
99,55
100,00
100,00
100,00
-
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
98,59
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
70,30
100,00
94,00
100,00
99,55
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
98,59
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
70,30
100,00
94,00
1.342
5.042.399
4.280
4.599
8.477
13.425
12.799
9.525
6.677
100
12.160
270
80.090
50
33.630
13.560
81
25
5.876.457
25
28
25
25
26
27
25
25
25
5.648
512
68.925
8.247
25.093
2.039
26
10
26
26
16.174
2.915
1.534
-
-657
998
2.779
1.023
5
1
1
1.819
1.672
-17
-154
-128
372
-43
-60
992
4.728
86
-2.605
LOCATOR Grundstcks-Vermietungsgesellschaft mbH und Volkswagen AG in GbR,

Pullach i. Isartal
MAHAG Automobilhandel und Service GmbH & Co. oHG, Munich
MAHAG GmbH, Munich
MAHAG Holding GmbH & Co. oHG, Munich
MAHAG Sportwagen Zentrum Albrechtstrae GmbH, Munich
MAHAG Sportwagen Zentrum Mnchen Sd GmbH, Munich
MAHAG Sportwagen-Zentrum GmbH, Munich
MAN Beteiligungs GmbH, Munich
MAN Diesel & Turbo SE, Augsburg
MAN Ferrostaal Beteiligungs GmbH, Munich
MAN Finance International GmbH, Munich
MAN Financial Services GmbH, Munich
MAN GHH Immobilien GmbH, Oberhausen
MAN Grundstcksgesellschaft mbH & Co. Alpha KG, Munich
MAN Grundstcksgesellschaft mbH & Co. Beta KG, Munich
MAN Grundstcksgesellschaft mbH & Co. Werk Deggendorf DWE KG, Munich
MAN HR Services GmbH, Munich
MAN Immobilien GmbH, Munich
MAN Leasing GmbH & Co. Epsilon KG, Munich
MAN Logistik GmbH, Salzgitter
MAN SE, Munich
MAN Service und Support GmbH, Munich
MAN Truck & Bus AG, Munich
MAN Truck & Bus Deutschland GmbH, Munich
MAN Truck & Bus Licence GmbH, Grnwald
MAN Vermietungs GmbH, Munich
MAN Versicherungsvermittlung GmbH, Munich
MAN Verwaltungs-Gesellschaft mbH, Munich
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
73,72
-
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
73,72
100,00
100,00
100,00
100,00
100,00
100,00
100,00
23.351
78.338
8.201
100
3.205
5.056
265.974
660.108
316.654
105.000
48.508
144.350
5.123
47.756
16.810
540
26
1.182
25
2.293.014
25
563.448
130.934
17
26
312
1.039
8.172
1.749
18.761
-15.838
955
741
242.146
-8
-
Mieschke, Hofmann und Partner Gesellschaft fr Management- und IT-Beratung mbH,

Freiberg a.N.
NEOPLAN Bus GmbH, Plauen
POFIN Financial Services GmbH & Co. KG, Freilassing
POFIN Financial Services Verwaltungs GmbH, Freilassing
Porsche Consulting GmbH, Bietigheim-Bissingen
Porsche Deutschland GmbH, Bietigheim-Bissingen
Porsche Dienstleistungs GmbH, Stuttgart
Porsche Engineering Group GmbH, Weissach
Porsche Engineering Services GmbH, Bietigheim-Bissingen
Porsche Financial Services GmbH & Co. KG, Bietigheim-Bissingen
Porsche Financial Services GmbH, Bietigheim-Bissingen
Porsche Financial Services Verwaltungsgesellschaft mbH, Bietigheim-Bissingen
Porsche Holding Stuttgart GmbH, Stuttgart
Porsche Leipzig GmbH, Leipzig
Porsche Lizenz- und Handelsgesellschaft mbH & Co. KG, Bietigheim-Bissingen
Porsche Logistik GmbH, Stuttgart
Porsche Niederlassung Berlin GmbH, Berlin
Porsche Niederlassung Berlin-Potsdam GmbH, Berlin
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
100,00
-
81,80
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
65,00
100,00
100,00
100,00
81,80
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
65,00
100,00
100,00
100,00
16.842
1.039
90.144
86.977
700
9.125
43
4.000
1.604
24.052
68
19
2.500
20.323
1.000
2.500
1.700
16.224
-2.088
80
31.215
5
-5
4.225
-
Footnote
Year
7)
1)
1)
1) 14)
1)
1)
1)
1)
1)
1)
2012
2011
2012
2011
2011
2011
2011
2011
2011
2012
2011
2012
2012
2011
2011
2011
2011
2011
2012
2011
2011
2011
2011
2011
2011
2012
2011
2011
2012
2012
2011
2011
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
1)
1)
1)
1)
1)
1) 7) 14)
16)
2) 16)
2) 4) 16)
4) 16)
16)
2) 16)
6) 16)
16) 17)
2) 16)
7)
1) 10) 14)
1)
7)
1)
1)
1)
1)
1)
1)
1)
1)
1) 14)
1)
1)
1)
1)
1)
1)
1)
1)
1)
1)
7)
1)
1) 7)
1) 7)
1) 7)
1) 7)
1) 7)
7)
1) 7)
7)
3) 4) 14)
1) 7)
7)
1) 7)
1) 7)
1) 7)
2011
2012
2011
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2011
2011
2012
2012
2012
2012
2012
2012
2012
2012
2011
2012
2012
2012
2012
2012
Exchange
rate
(1 = )
VW AG's interest
in capital in %
Direct
Indirect
Total
Equity
in thousands,
local currency
Profit/loss
in thousands,
local currency
Footnote
Year
2012
2012
2012
2012
2012
2012
2012
2012
2012
2011
2011
2011
2011
2011
2011
2011
2011
2011
2012
2012
2012
2012
2012
2011
2012
2012
2012
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2012
2012
2012
2011
Porsche Niederlassung Hamburg GmbH, Hamburg

Porsche Niederlassung Leipzig GmbH, Leipzig
Porsche Niederlassung Mannheim GmbH, Mannheim
Porsche Niederlassung Stuttgart GmbH, Stuttgart
Porsche Nordamerika Holding GmbH, Ludwigsburg
Porsche Siebte Vermgensverwaltung GmbH, Stuttgart
Porsche Verwaltungsgesellschaft mbH, Bietigheim-Bissingen
Porsche Vierte Vermgensverwaltung GmbH, Stuttgart
Porsche Zentrum Hoppegarten GmbH, Stuttgart
Private Driver 2007 GmbH, in liquidation, Frankfurt am Main
Private Driver 2008-1 GmbH, in liquidation, Frankfurt am Main
Private Driver 2010-1 fixed GmbH, Frankfurt am Main
Private Driver 2011-1 GmbH, Frankfurt am Main
PSW automotive engineering GmbH, Gaimersheim
quattro GmbH, Neckarsulm
Raffay Versicherungsdienst GmbH, Hamburg
Renk Aktiengesellschaft, Augsburg
RENK Test System GmbH, Augsburg
Rostock Diesel Service GmbH, Rostock
Scania CV Deutschland Holding GmbH, Koblenz
Scania Danmark GmbH, Flensburg
SCANIA DEUTSCHLAND GmbH, Koblenz
Scania Finance Deutschland GmbH, Koblenz
Scania Flensburg GmbH, Flensburg
Scania Versicherungsvermittlung GmbH, Koblenz
Scania Vertrieb und Service GmbH, Kerpen
Scania Vertrieb und Service GmbH, Koblenz
Schwaba GmbH, Augsburg
Seat Deutschland GmbH, Weiterstadt
SITECH Sitztechnik GmbH, Wolfsburg
SKODA AUTO Deutschland GmbH, Weiterstadt
Sportwagen am Olympiapark GmbH, Munich
Sportwagen GmbH Donautal, Ulm
VfL Wolfsburg-Fuball GmbH, Wolfsburg
VGRD GmbH, Wolfsburg
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
100,00
100,00
100,00
100,00
100,00
100,00
100,00
65,00
100,00
100,00
91,00
100,00
100,00
76,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
-
100,00
100,00
100,00
100,00
100,00
100,00
65,00
100,00
100,00
91,00
100,00
100,00
76,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
2.000
498
2.433
2.500
58.311
33
23
2.556
26
27
26
26
26
25
25
25
25
25
25
25
14.437
100
153
227.872
1.522
260
46.015
254
35.715
36.638
430
23
6.151
5.476
16.279
35.068
78.702
24.596
4.146
2.605
30.973
135.234
2
1
0
1
1
6.298
42.882
-3.797
4.709
16
3.537
43
-2
486
2.215
1.797
22.019
16.443
-
1) 7)
1) 7)
1) 7)
1) 7)
1) 7)
6)
7)
7)
1) 7)
2) 16)
2) 16)
2) 16)
2) 16)
2) 16)
16)
4) 16)
4) 16)
4) 16)
6) 16)
6) 16)
6) 16)
Volim Volkswagen Immobilien Vermietgesellschaft fr VW-/Audi-Hndlerbetriebe mbH,

Braunschweig
Volkswagen Automobile Berlin GmbH, Berlin
Volkswagen Automobile Frankfurt GmbH, Frankfurt a. M.
Volkswagen Automobile Hamburg GmbH, Hamburg
Volkswagen Automobile Stuttgart GmbH, Stuttgart
Volkswagen Bank GmbH, Braunschweig
VOLKSWAGEN FINANCIAL SERVICES AG, Braunschweig
Volkswagen Financial Services Beteiligungsgesellschaft mbH, Braunschweig
Volkswagen Gebrauchtfahrzeughandels und Service GmbH, Langenhagen
Volkswagen Group Real Estate GmbH & Co. KG, Wolfsburg
Volkswagen Immobilien GmbH, Wolfsburg
Volkswagen Leasing GmbH, Braunschweig
Volkswagen Logistics GmbH & Co. OHG, Wolfsburg
Volkswagen Logistics GmbH, Wolfsburg
Volkswagen Original Teile Logistik Beteiligungs-GmbH, Baunatal
Volkswagen Original Teile Logistik GmbH & Co. KG, Baunatal
Volkswagen Osnabrck GmbH, Osnabrck
Volkswagen R GmbH, Wolfsburg
Volkswagen Sachsen GmbH, Zwickau
Volkswagen Versicherung Aktiengesellschaft, Braunschweig
Volkswagen Versicherungsvermittlung GmbH, Braunschweig
Volkswagen Vertriebsbetreuungsgesellschaft mbH, Chemnitz
Volkswagen Zubehr GmbH, Dreieich
Volkswagen-Versicherungsdienst GmbH, Braunschweig
VW Kraftwerk GmbH, Wolfsburg
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
100,00
100,00
100,00
81,00
100,00
49,00
49,77
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
19,00
3,80
3,87
100,00
100,00
100,00
100,00
-
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
52,80
53,64
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
26
11.427
2.979
35.371
4.407
3.939.684
5.251.495
523.001
100
224.735
86.169
219.123
511
999
29
47.000
10.511
7.900
592.412
52.055
49.529
805
8.969
54.369
184.014
9.780
230.931
136
1
86.858
381
-
1)
1)
1)
1)
1)
1)
1)
1)
1) 11)
2. International
AB Dure, Sdertlje
AB Folkvagn, Sdertlje
AB Scania-Vabis, Sdertlje
ABCIS Bretagne S.A.S., Morlaix
ABCIS Centre S.A.S., Clermont-Ferrand
ABCIS Picardie S.A.S., Saint Maximin
ABCIS Pyrenees S.A.S., Billre
Aconcagua Vehculos Comerciales S.A., Mendoza
Ainax AB, Stockholm
Aktiebolaget Grundstenen 141601, Sdertlje
Aktiebolaget Grundstenen 141602, Sdertlje
Aktiebolaget Tnseth & Co, Sdertlje
Allmobil Autohandels GmbH, Salzburg
ARAC GmbH, Salzburg
Astur Wagen, S.A., Gijn
Audi (China) Enterprise Management Co. Ltd., Beijing
Audi Australia Pty. Ltd., Zetland
AUDI AUSTRALIA RETAIL OPERATIONS PTY LTD., Zetland
Audi Brasil Distribuidora de Veculos Ltda., So Paulo
AUDI BRUSSELS PROPERTY S.A./N.V., Brussels
AUDI BRUSSELS S.A./N.V., Brussels
Audi Canada Inc., Ajax, Ontario
AUDI HUNGARIA MOTOR Kft., Gyr
AUDI HUNGARIA SERVICES Zrt., Gyr
Audi Japan K.K., Tokyo
Audi Japan Sales K.K., Tokyo
SEK
SEK
SEK
EUR
EUR
EUR
EUR
ARS
SEK
SEK
SEK
SEK
EUR
EUR
EUR
CNY
AUD
AUD
BRL
EUR
EUR
CAD
EUR
EUR
JPY
JPY
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
1.935
7.086
6.255
7.066
20.522
8.951
7.442
2.977
2.958
418.343
100.591
1.803
109.949
80.600
451.200
33.543
3.299.856
8.987.738
7.221.293
1.304.806
186
866
646
885
5.710
359
2.244
310
-358
197.327
7.230
161
51.201
700
21.200
13.287
334.374
7.377
15.680
208.613
5)
5)
5)
8,5820
8,5820
8,5820
6,4840
8,5820
8,5820
8,5820
8,5820
8,2207
1,2712
1,2712
2,7036
1,3137
113,6100
113,6100
1)
1)
1)
1)
1)
1)
1) 3)
1) 14)
1)
1)
1)
1)
1)
1)
1)
1)
1)
1)
1)
5)
6)
6)
16)
2012
2011
2011
2011
2011
2012
2012
2012
2011
2011
2011
2012
2011
2011
2012
2012
2011
2011
2012
2012
2012
2011
2011
2012
2011
2012
2012
2012
2011
2011
2011
2011
2011
2012
2012
2012
2011
2011
2011
2011
2012
2012
2012
2011
2012
2012
2012
2012
2012
2011
2011
Exchange
rate
(1 = )
Audi of America, LLC, Herndon, Virginia

Audi Retail Barcelona, S.A., Barcelona
Audi Retail Madrid, S.A., Madrid
AUDI SINGAPORE PTE. LTD., Singapore
AUDI TAIWAN CO., LTD., Taipei
Audi Tooling Barcelona, S.L., Barcelona
Audi Volkswagen Korea Ltd., Seoul
Audi Volkswagen Middle East FZE, Dubai
Auto Doetinchem B.V., Doetinchem
Auto Garage de l'Ouest S.A.S., Orvault
Autohaus Robert Stipschitz GmbH, Salzburg
Automobili Lamborghini America, LLC, Wilmington, Delaware
Automobili Lamborghini S.p.A., Sant' Agata Bolognese
Automotores del Atlantico S.A., Mar del Plata
Automotores Pesados S.A., Tucumn
Auto-Z Autozubehrhandels GmbH, Salzburg
B.B.M. 77 S.A.S., Saint-Thibault-des-Vignes
Banco Volkswagen S.A., So Paulo
Basa S.A.S., Niort
Bayern Aix S.A.S., Aix-en-Provence
Bayern Automobiles S.A.S., Mrignac
Bayern Landes Pays Basque S.A.S. (Garage Durruty), Bayonne
Bayern Motors S.A.S., Paris
Beauciel Automobiles S.A.S., La Chausse-Saint-Victor
Beers Deutschland B.V., Breda
Beers N.V., Breda
Beijing Jun Bao Jie Automobile Repair and Maintenance Co., Ltd., Beijing
Beijing Jun Bao Jie Automobile Sales and Service Co., Ltd., Beijing
Bentley Motor Cars Export Ltd., Crewe
Bentley Motors Canada Ltd./Ltee., Montreal
Bentley Motors Ltd., Crewe
Bentley Motors, Inc., Boston
Bil-Forum AB, Sdertlje
Blitz B.V., Utrecht
Blitz Motors S.A.S., Paris
Bugatti Automobiles S.A.S., Molsheim
Bugatti International S.A., Luxembourg
C.C.A. Holding S.A.S., Saint Doulchard
Centro Porsche Padova S.r.L., Padua
Centro Tcnico de SEAT, S.A., Martorell
Centurion Truck & Bus (Pty) Ltd t/a, Centurion
Codema Comercial e Importadora Ltda., Guarulhos
Compagnie Fonciere Raison - Cofora S.A.S., Paris
Consrcio Nacional Volkswagen - Administradora de Consrcio Ltda., So Paulo
Corre Automobile S.A., Villemandeur
Crewe Genuine Ltd., Crewe
de Bois B.V., Velp
de Witte Holding B.V., Den Bosch
Dearborn Motors S.A.S., Paris
Diffusion Automobile de Charente S.A.S., Champniers
Diffusion Automobile du Nord (Dianor) S.A.S., Roncq
Diffusion Automobile Girondine S.A., Mrignac
Din Bil Fastigheter Malm AB, Malm
Din Bil Helsingborg AB, Helsingborg
Din Bil Stockholm Norr AB, Kista
Din Bil Stockholm Sder AB, Stockholm
Din Bil Sverige AB, Stockholm
Distribution Automobiles Bethunoise S.A.S., Fouquires-ls-Bthune
USD
EUR
EUR
SGD
TWD
EUR
KRW
USD
EUR
EUR
EUR
USD
EUR
ARS
ARS
EUR
EUR
BRL
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
CNY
CNY
GBP
CAD
GBP
USD
SEK
EUR
EUR
EUR
EUR
EUR
EUR
EUR
ZAR
BRL
EUR
BRL
EUR
GBP
EUR
EUR
EUR
EUR
EUR
EUR
SEK
SEK
SEK
SEK
SEK
EUR
Driver Brasil Banco Volkswagen Fundo de Investimento em Direitos Creditrios

Financiamento de Veculos, Rio de Janeiro
Driver UK Master S.A., Luxembourg
DRIVER UK ONE PLC, London
Ducati (Schweiz) AG, Wollerau
Ducati Japan K.K., Tokyo
Ducati Motor (Thailand) Co. Ltd., Amphur Pluakdaeng
DUCATI MOTOR HOLDING S.P.A., Bologna
DUCATI NORTH AMERICA, INC., Cupertino
Ducati North Europe B.V., The Hague
DUCATI U.K. LIMITED, Towcester
DUCATI WEST EUROPE S.A.S., Colombes
DUCMOTOCICLETA S DE RL DE CV, Mexico City
Duverney Automobiles S.A.S., Saint-Jean-de-Maurienne
Duverney Savoie Automobiles S.A.S., Saint-Alban-Leysse
Duverney Val Savoie Automobiles S.A.S., Saint-Alban-Leysse
Dynamate AB, Sdertlje
Dynamate Industrial Services AB, Sdertlje
DynaMate IntraLog AB, Sdertlje
Dynamic Automobiles S.A.S., Annemasse
EKRIS Holding B.V., Veenendaal
Ekris Motorsport B.V., Veenendaal
Ekris Retail B.V., Veenendaal
Elgersma B.V., Ijsselstein
ERF Limited, Middlewich
Etablissement Duverney & Cie S.A.S., Saint-Alban-Leysse
Etablissements A. Gardin S.A.S., Terville
EuRent Autovermietung Kft., Budapest
Eurent Slovakia s.r.o., Bratislava
EURO Select Quality Parts Inc., Wilmington/Delaware
Eurocar Immobili Italia s.r.l., Udine
Eurocar Italia s.r.l., Udine
Euro-Leasing A/S, Padborg
EURO-Leasing Hellas E.P.E., Thessaloniki
EURO-LEASING Sp. z o.o., Szczecin
Europeisk Biluthyrning AB, Stockholm
ExB LLC, Wilmington/Delaware
Exclusive Cars Vertriebs GmbH, Salzburg
Fastighets AB Katalysatorn, Sdertlje
BRL
GBP
GBP
CHF
JPY
THB
EUR
USD
EUR
GBP
EUR
MXN
EUR
EUR
EUR
SEK
SEK
SEK
EUR
EUR
EUR
EUR
EUR
GBP
EUR
EUR
HUF
EUR
USD
EUR
EUR
DKK
EUR
PLN
SEK
USD
EUR
SEK
1,3194
1,6111
38,3200
1.406,2300
1,3194
1,3194
6,4840
6,4840
2,7036
8,2207
8,2207
0,8161
1,3137
0,8161
1,3194
8,5820
11,1727
2,7036
2,7036
0,8161
8,5820
8,5820
8,5820
8,5820
8,5820
2,7036
0,8161
0,8161
1,2072
113,6100
40,3470
1,3194
0,8161
17,1845
8,5820
8,5820
8,5820
0,8161
292,3000
1,3194
7,4610
4,0740
8,5820
1,3194
8,5820
VW AG's interest
in capital in %
Direct
Indirect
Total
Equity
in thousands,
local currency
Profit/loss
in thousands,
local currency
100,00
-
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
70,00
99,99
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
70,00
99,99
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
283.761
204
2.222
32.313
1.426.948
14.474
108.455.715
62.443
72
3.191
5.187
954
869.858
24.014
43.184
6.175
1.617
1.987.202
3.823
2.283
1.949
962
7.731
2.871
108.669
103.869
8.348
2.118
401
2.638
22.128
5.744
4.477
71
131.174
135.057
25.469
70.170
1.654
3.328
5.266
2.299
2.398
292
625
13.327
11.653
25.538
454.254
2.093
72.399
-851
-226
3.145
629.734
3.189
43.569.862
16.393
0
270
625
134
8.966
7.017
11.257
2.984
243
191.019
466
243
327
-827
-32
284
6.736
2.122
518
301
-27.100
0
162
187
747
147
3
2.199
28.851
5.648
-8.534
87
968
0
-1
426
593
42
9
201
167
368
157.009
247
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
29
50
703
196.601
12.641
228.552
34.607
2.706
527
4.048
1.954
6.046
3.169
35.588
8.687
10.842
1.321
12.259
14.251
1.404
10.965
2.481
946.365
1.515
9.762
9.958
24.743
8.278
1.809
-
5.088
959
242.487
54.418
24.478
6.308
395
268
710
-2.237
226
909
372
7.324
-33.720
-10.168
66
-978
1
2.656
638
0
1.687
74
145.660
43
0
236
428
-22.671
-1.683
143
-
Footnote
Year
16)
2012
2011
2011
2012
2012
2012
2012
2012
2011
2011
2011
2012
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2011
2011
2011
2011
2012
2011
2011
2012
2011
2011
2012
2011
2012
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
16)
14)
14)
5)
5)
12)
11)
5)
7)
11)
5)
5)
5)
6) 16)
3) 16)
16)
7)
7)
7)
7)
7)
7)
7)
7)
7)
7)
11)
11)
11)
6)
5)
2012
2011
2010
2012
2012
2012
2012
2012
2012
2012
2012
2012
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2011
2012
2011
2011
2012
2012
2012
2011
2012
2011
2012

Fastighetsaktiebolaget Flygmotorn, Sdertlje
Fastighetsaktiebolaget Hjulnavet, Sdertlje
Fastighetsaktiebolaget Motorblocket, Sdertlje
Fastighetsaktiebolaget Vindbron, Sdertlje
Ferruform AB, Lule
FMF Fahrzeug Miet und Finanz AG, Seuzach
Futurauto S.A.S., Poitiers
FWAU Holding S.A.S., Paris
Garage Andr Floc S.A.S., Cesson-Svign
Garage de Witte B.V., Veenendaal
Garage Robert Bel S.A.S., Annemasse
Garage Vetterli AG, Seuzach
GB&M Garage et Carrosserie SA, Geneva
Gearbox del Prat, S.A., El Prat de Llobregat
Glider Air Ltd., George Town, Cayman Islands
Global Automotive C.V., Amsterdam
Global Automotive Finance C.V., Amsterdam
Global VW Automotive B.V., Amsterdam
Grands Garages de Provence SNC, Aix-en-Provence
Grands Garages de Touraine SNC, Saint-Cyr-sur-Loire
Grands Garages du Berry S.A.S., Saint-Maur
Grands Garages du Biterrois S.A.S., Ruffec
Griffin Automotive Ltd., Road Town, British Virgin Islands
Gulf Turbo Services LLC, Doha
Hamlin Services LLC, Herndon, Virginia
Hangzhou Jun Bao Hang Automobile Sales & Services Co., Ltd., Hangzhou
Houdstermaatschappij Plesman I B.V., Veenendaal
Houdstermaatschappij Plesman II B.V., Veenendaal
IMMOSADA SARL, Dunkirk
Intercar Austria GmbH, Salzburg
IPECAS-Gestao de Imoveis S.A., Algs (Lisbon)
Italdesign Giugiaro S.p.A., Turin
Italscania S.p.A., Trento
J.M.C. Autos S.A.S., Charmeil
Jacques Duverney Annemasse S.A.S., Annemasse
Jacques Duverney S.A.S., Thonon-les-Bains
James Young Ltd., Crewe
Javel Motors S.A.S., Paris
Jiaxing Jun Bao Hang Automobile Sales and Service Co., Ltd., Jiaxing
Jinhua Jiejun Automobile Sales and Service Co., Ltd., Jinhua City
Jinhua Jun Bao Hang Automobile Sales and Service Co., Ltd., Jinhua
La Difference Automobile S.A.S., La Teste-de-Buch
La Fonciere Marjolin SCI, Paris
Lark Air Ltd., George Town, Cayman Islands
Lauken S.A., Montevideo
Le Grand Garage Piscenois S.A.R.L., Pzenas
Leioa Wagen, S.A., Leioa (Biscay)
Levante Wagen, S.A., Valencia
Lion Air Services, Inc., George Town, Cayman Islands
Mlaga Wagen, S.A., Mlaga
Mlardalens Teknikgymnasium AB, Sdertlje
MAN Accounting Center Sp. z o.o., Pozna
MAN Automotive (South Africa) (Pty.) Ltd., Johannesburg
MAN Bus & Coach (Pty.) Ltd., Olifantsfontein
MAN Bus Sp. z o.o., Tarnowo Podgrne
MAN Camions & Bus SAS, Evry Cedex
MAN Capital Corporation, New Jersey
MAN Credit societ finanziaria S.r.l., Dossobuono di Villafranca VR
MAN Diesel & Turbo Australia Pty. Ltd., North Ryde
MAN Diesel & Turbo Benelux B.V., Schiedam
MAN Diesel & Turbo Benelux N.V., Antwerp
MAN Diesel & Turbo Brasil Ltda., Rio de Janeiro
MAN Diesel & Turbo Canada Ltd., Oakville, Ontario
MAN Diesel & Turbo China Production Co. Ltd., Changzhou
MAN Diesel & Turbo Espaa S.A.U., Madrid
MAN Diesel & Turbo France SAS, Villepinte
MAN Diesel & Turbo Hellas Ltd., Piraeus
MAN Diesel & Turbo Hong Kong Ltd., Hong Kong
MAN Diesel & Turbo India Ltd., Aurangabad
MAN Diesel & Turbo Korea Ltd., Busan
MAN Diesel & Turbo Middle East (LLC), Dubai
MAN Diesel & Turbo North America Inc., Woodbridge
MAN Diesel & Turbo Operations Pakistan (Private) Ltd., Lahore
MAN Diesel & Turbo Pakistan (Private) Limited, Lahore
MAN Diesel & Turbo Saudi Arabia LLC, Jeddah
MAN Diesel & Turbo Schweiz AG, Zurich
MAN Diesel & Turbo Shanghai Co., Ltd., Shanghai
MAN Diesel & Turbo Singapore Pte. Ltd., Singapore
MAN Diesel & Turbo South Africa (Pty) Ltd., Elandsfontein
MAN Diesel & Turbo UK Ltd., Stockport
MAN Diesel Shanghai Co. Ltd., Shanghai
MAN Engines & Components Inc., Pompano Beach
MAN ERF Ireland Properties Limited, Dublin
MAN Finance and Holding S. r.l., Luxembourg
MAN Financial Services Espaa S.L., Coslada (Madrid)
MAN Financial Services GesmbH, Eugendorf
MAN Financial Services plc., Swindon (Wiltshire)
MAN Financial Services Poland Sp. z o.o., Nadarzyn
MAN Financial Services Portugal, Unipessoal, Lda, Lisbon
MAN Financial Services SAS, Evry Cedex
MAN Financial Services SpA, Dossobuono di Villafranca
MAN Financial Services Tketici Finansmani A.S., Ankara
MAN Hellas Truck & Bus S.A., Peristeri-Athens
MAN Iberia S.A.U., Coslada (Madrid)
MAN Kamion s Busz Kereskedelmi Kft., Dunaharaszti
MAN Kamyon ve Otobs Ticaret A.S., Ankara
MAN Latin America Indstria e Comrcio de Veculos Ltda., So Paulo
Exchange
rate
(1 = )
SEK
SEK
SEK
SEK
SEK
CHF
EUR
EUR
EUR
EUR
EUR
CHF
CHF
EUR
USD
EUR
EUR
EUR
EUR
EUR
EUR
EUR
TWD
QAR
USD
CNY
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
GBP
EUR
CNY
CNY
CNY
EUR
EUR
USD
UYU
EUR
EUR
EUR
USD
EUR
SEK
PLN
ZAR
ZAR
EUR
EUR
USD
EUR
AUD
EUR
EUR
BRL
CAD
CNY
EUR
EUR
EUR
HKD
INR
KRW
AED
USD
PKR
PKR
SAR
CHF
CNY
SGD
ZAR
GBP
CNY
USD
EUR
EUR
EUR
EUR
GBP
PLN
EUR
EUR
EUR
EUR
EUR
EUR
HUF
EUR
BRL
8,5820
8,5820
8,5820
8,5820
8,5820
1,2072
1,2072
1,2072
1,3194
38,3200
4,8021
1,3194
8,2207
0,8161
8,2207
8,2207
8,2207
1,3194
25,2970
1,3194
8,5820
4,0740
11,1727
11,1727
1,3194
1,2712
2,7036
1,3137
8,2207
10,2260
72,5600
1.406,2300
4,8443
1,3194
128,2900
128,2900
4,9465
1,2072
8,2207
1,6111
11,1727
0,8161
8,2207
1,3194
0,8161
4,0740
292,3000
2,7036
VW AG's interest
in capital in %
Direct
Indirect
99,99
100,00
-
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
0,01
100,00
100,00
100,00
100,00
100,00
100,00
55,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
90,10
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
80,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
93,44
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
99,99
100,00
100,00
100,00
100,00
100,00
Total
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
55,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
90,10
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
80,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
93,44
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
99,99
100,00
100,00
100,00
100,00
100,00
Equity
in thousands,
local currency
18.821
53.932
100
19.067
575.188
394
684
44.674
3.761
60
1.491
3.903
4.596
136.786
4.163.233
510.564
105.360
8.434
6.703
1.505
4.339
134.091
19.639
184.135
15.277
3.588
12.667
0
120.366
51.586
1.178
2.790
2.790
6.615
73.431
128.827
110.936
1.138
850
1.606
3.943
4.828
1.285
1.033
494.242
82.119
34.645
179.993
2.238
17.760
6.031
9.404
11.246
6.959
48.693
1.249
76.916
2.893
68.180
652.263
16.576.186
38.502
21.067
135.505
143.786
2.328
193.793
118.633
36.832
247.458
36.315
73.104
34.375
1.545.619
8.739
44.257
14.715
543
22.911
11.447
9.393
1.512
4.635.277
20.049
4.090.110
Profit/loss
in thousands,
local currency
1.402
4.393
-41
2.622
-36.249
117
65
7
584
-11
208
0
130
13.301
111
-136
4.399
641
536
141
343
115.474
11.375
43.853
0
0
43
5.326
-2.204
-911
16.563
144
236
480
923
20.584
76.433
28.273
184
390
337
645
1.076
72
-1.682
57.488
23.130
-9.000
2.560
-1.389
2.812
1.883
1.506
-7.561
2.946
-20.621
468
17.001
1.295
23.257
88.380
3.856.689
15.172
6.733
43.955
119.803
160
19.892
42.645
17.596
56.620
12.161
-6.569
4.201
57
-148.709
-11.762
2.126
7.371
6.409
-733
3.807
-3.960
4.551
-1.139
48
32.434
-1.062
239.622
Footnote
15)
11)
5)
11)
5)
11)
8)
10)
11)
14)
14)
10)
Year
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2011
2011
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012

MAN Location & Services S.A.S., Evry Cedex
MAN Nutzfahrzeuge Immobilien GesmbH, Vienna
MAN Truck & Bus (Korea) Limited, Seoul
MAN Truck & Bus (S.A.) (Pty.) Ltd., Johannesburg
MAN Truck & Bus Asia Pacific Co., Ltd., Bangkok
MAN Truck & Bus Czech Republic s.r.o., Cestlice
MAN Truck & Bus Danmark A/S, Glostrup
MAN Truck & Bus Iberia S.A.U., Coslada (Madrid)
MAN Truck & Bus Italia S.p.A., Verona
MAN Truck & Bus Kazakhstan LLP, Almaty
MAN Truck & Bus Mexico S.A. de C.V., El Marques
MAN Truck & Bus Middle East and Africa FZE, Dubai
MAN Truck & Bus N.V., Kobbegem (Brussels)
MAN Truck & Bus Norge A/S, Lorenskog
MAN Truck & Bus sterreich AG, Steyr
MAN Truck & Bus Polska Sp. z o.o., Nadarzyn
MAN Truck & Bus Portugal S.U. Lda., Algs (Lisbon)
MAN Truck & Bus Schweiz AG, Otelfingen
MAN Truck & Bus Slovakia s.r.o., Bratislava
MAN Truck & Bus Slovenija d.o.o., Ljubljana
MAN Truck & Bus Sverige AB, Kungens Kurva
MAN Truck & Bus Trading (China) Co., Ltd., Beijing
MAN Truck & Bus UK Limited, Swindon (Wiltshire)
MAN Truck & Bus Vertrieb sterreich AG, Vienna
MAN TRUCKS India Pvt. Ltd., Akurdi
MAN Trucks Sp. z o.o., Niepolomice
MAN Turbo India Pvt. Ltd., Baroda (Vadodara)
MAN Trkiye A.S., Akyurt Ankara
MAN West-Vlaanderen N.V., Kobbegem
MANTAB Assets Limited, London
MANTAB Funding Limited, London
MANTAB Holdings Limited, London
MANTAB Trucks Limited, London
MCA S.A.S., Champniers
MECOS AG, Winterthur
Meridional Auto S.A.S., Nmes
Mieschke Hofmann & Partner Americas Inc., Atlanta/Georgia
Mieschke Hofmann und Partner (Schweiz) AG, Regensdorf
MKB Lease B.V., Amersfoort
Motorcam S.A., Buenos Aires
Nefkens Brabant Zuidoost B.V., Eindhoven
Nefkens Gooi-en Eemland B.V., Hilversum
Nefkens Leeuw B.V., Utrecht
Nefkens Midden-Brabant b.v., Tilburg
Nefkens Noord B.V., Groningen
Nefkens Oost B.V., Apeldoorn
Nefkens Utrecht B.V., Utrecht
Nefkens Vastgoed B.V., Utrecht
Neoman France Eurl, Noisy-le-Grand
Neoplan France SARL, Evry Cedex
Ningbo Jiejun Automobile Sales and Service Co., Ltd., Ningbo
Niort Automobiles S.A.S., Niort
Norsk Scania AS, Oslo
Norsk Scania Eiedom AS, Oslo
Nouveaux Garages Lensois S.A.S., Loison-sous-Lens
NSAA S.A.S., Chasseneuil-du-Poitou
Ocean Automobile S.A.S., Orvault
Oerstad Investments LLP, London
Officine del Futuro S.p.A., Sant' Agata Bolognese
OOO Autobusnaya Leasingovaya Compania Scania, Moscow
OOO MAN Financial Services, Moscow
OOO MAN Truck & Bus Production RUS, Saint Petersburg
OOO MAN Truck & Bus RUS, Moscow
OOO Petroscan, Saint Petersburg
OOO Porsche Center Moscow, Moscow
OOO Porsche Financial Services Russland, Moscow
OOO Porsche Russland, Moscow
OOO Scania Leasing, Moscow
OOO Scania Peter, Saint Petersburg
OOO Scania Service, Golitsyno
OOO Scania-Rus, Moscow
OOO VOLKSWAGEN Group Rus, Kaluga
Oreda S.A.S., La Chapelle-Saint-Mesmin
Paris Est Evolution S.A.S., Saint-Thibault-des-Vignes
PBO S.A.S., Chasseneuil-du-Poitou
PBS Turbo s.r.o., Velk Btes
PCars LLC, Wilmington/Delaware
PCREST LTD., Halifax/Nova Scotia
PCTX LLC, Wilmington/Delaware
PGA Group S.A.S., Paris
PGA Motors B.V., Utrecht
PGA Motors S.A.S., Paris
PGA Nederland N.V., Utrecht
PGA S.A., Paris
PGA Trsorerie S.A.S., Paris
Plesman Valet Parking B.V., Veenendaal
Porsacentre S.L., Barcelona
Porsamadrid S.L., Madrid
Porsche (China) Motors Limited, Shanghai
Porsche (Shanghai) Commercial Services Company Ltd., Shanghai
Porsche Albania Sh.p.k., Tirana
Porsche Asia Pacific Pte. Ltd., Singapore
Porsche Austria Gesellschaft m.b.H. & Co. OG, Salzburg
Porsche Auto Funding LLC, Wilmington/Delaware
Porsche Automotive Investment GmbH, Salzburg
Porsche Aviation Products, Inc., Wilmington/Delaware
Porsche Bank AG, Salzburg
Exchange
rate
(1 = )
EUR
EUR
KRW
ZAR
THB
CZK
DKK
EUR
EUR
KZT
MXN
AED
EUR
NOK
EUR
PLN
EUR
CHF
EUR
EUR
SEK
CNY
GBP
EUR
INR
EUR
INR
EUR
EUR
GBP
GBP
GBP
GBP
EUR
CHF
EUR
USD
CHF
EUR
ARS
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
CNY
EUR
NOK
NOK
EUR
EUR
EUR
USD
EUR
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
EUR
EUR
EUR
CZK
USD
CAD
USD
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
CNY
CNY
ALL
SGD
EUR
USD
EUR
USD
EUR
1.406,2300
11,1727
40,3470
25,1510
7,4610
198,4200
17,1845
4,8443
7,3483
1,2072
8,5820
8,2207
0,8161
72,5600
4,0740
72,5600
0,8161
0,8161
0,8161
0,8161
1,2072
1,3194
1,2072
6,4840
8,2207
7,3483
7,3483
0,8161
40,3295
40,3295
40,3295
40,3295
40,3295
40,3295
40,3295
40,3295
40,3295
40,3295
40,3295
40,3295
40,3295
25,1510
1,3194
1,3137
1,3194
8,2207
8,2207
139,8100
1,6111
1,3194
1,3194
VW AG's interest
in capital in %
Direct
Indirect
28,06
-
100,00
100,00
100,00
100,00
99,99
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
99,99
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
99,99
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
99,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
65,72
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
99,99
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
Total
100,00
100,00
100,00
100,00
99,99
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
99,99
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
99,99
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
99,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
93,78
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
99,99
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
Equity
in thousands,
local currency
23.934
76.980
1.001.815
79.640
6.801
7.067
52.977
17.962
33.784
577.466
55.481
1.521
19.552
9.471
6.822
5.287
61.061
90.129
168.021
4.300.394
142.282
608.167
80.218
949
1.339
4.665
1.649
103
743
10.225
62.639
2.300
1.602
9.532
2.542
1.572
2.333
11
1.215
159.190
1.948
216.595
33.680
1.899
1.423
2.620
14.711
2.865
79.320
501.254
405.216
3.001.077
565.002
22.174
1.417.503
688.915
188.347
791.511
2.483.092
16.893
1.195
3.386
324
391.616
8.401
3
493
124.805
13.109
171.396
44.507
76.069
1.261
613
1.379
265.058
1.392
694.814
7.649
2.316
68.993
51.460
622
274.678
Profit/loss
in thousands,
local currency
-6.794
1.758
3.482.729
11.605
68.180
2.686
-5.448
-2.871
-113.988
-84.173
39.320
2.437
5.290
525.132
-17.905
1.841
1.582
477
416
-7.967
4.756
922
35.337
-370.666
18.468
100.701
15.812
-10
140
616
345
-122
554
1.450
17.546
706
551
2.956
812
441
583
1.087
-56
166
68.392
277
153.556
1.159
155
11
443
-285.114
455
66.151
-236.661
-43.552
529.415
66.303
207.667
6.501
257.741
280.878
-3.484
85.378
952.966
2.060.723
133
119
109
121.330
-2.566
0
-4
-993
-257
12.678
7.319
735
980
59
-709
-1.098
948.808
-1.069
41.848
5.269
32.021
-7
5.665
2
24.615
Footnote
11)
14)
11) 16)
11) 16)
11) 16)
11) 16)
7)
7)
7)
7)
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7)
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4) 6)
7)
7)
7)
Year
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2011
2011
2011
2011
2011
2012
2011
2012
2012
2011
2011
2011
2011
2011
2012
2011
2011
2011
2011
2012
2012
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2012
2012
2012
2011
2012
2012
2012
2011
2011
2011
2011
2011
2011
2011
2011
2012
2012
2012
2012
2011
2011
2011
2011
2011
2011
2011
2012
2012
2012
2012
2011
2012
2011
2012
2011
2012
2011

Porsche Bank Hungaria Zrt., Budapest
Porsche Bank Romania S.A., Voluntari
Porsche BG EOOD, Sofia
Porsche Broker de Asigurare S.R.L., Voluntari
Porsche Business Services, Inc., Wilmington/Delaware
Porsche Canadian Funding Limited Partnership, Mississauga/Ontario
Porsche Canadian Investment ULC, Halifax/Nova Scotia
Porsche Cars Australia Pty. Ltd., Collingwood
Porsche Cars Canada Ltd., Toronto/Ontario
Porsche Cars Great Britain Ltd., Reading
Porsche Cars North America, Inc., Wilmington/Delaware
Porsche Center Pudong Ltd., Shanghai
Porsche Central Eastern Europe s.r.o., Prague
Porsche Cesk republika s.r.o., Prague
Porsche Clearing Gesellschaft m.b.H., Salzburg
Porsche Consulting Brasil Ltda., So Paulo
Porsche Consulting Italia S.r.L., Milan
Porsche Consulting Ltd., Shanghai
Porsche Consulting, Inc., Wilmington/Delaware
Porsche Corporate Finance GmbH, Salzburg
Porsche Design GmbH, Zell am See
Porsche Design Great Britain Limited, London
Porsche Design Group Asia Singapore PTE. LTD., Singapore
Porsche Design Italia S.r.L., Padua
Porsche Design of America, Inc., Wilmington/Delaware
Porsche Design of France SARL, Serris
Porsche Design Studio North America, Inc., Los Angeles/California
Porsche Distribution S.A.S., Levallois-Perret
Porsche Engineering Services s.r.o., Prague
Porsche Enterprises, Inc., Wilmington/Delaware
Porsche Financial Auto Securitization Trust 2011-1, Wilmington/Delaware
Porsche Financial Management Services Ltd., Dublin
Porsche Financial Services Australia, Pty. Ltd., Collingwood
Porsche Financial Services Canada G.P., Mississauga/Ontario
Porsche Financial Services France S.A., Boulogne-Billancourt
Porsche Financial Services Great Britain Ltd., Reading
Porsche Financial Services Inc., Wilmington/Delaware
Porsche Financial Services Italia S.p.A., Padua
Porsche Financial Services Japan K.K., Tokyo
Porsche Financial Services Schweiz AG, Zug/Steinhausen
Porsche France S.A., Boulogne-Billancourt
Porsche Funding Ltd. Partnership, Wilmington/Delaware
Porsche Geld LLC, Wilmington/Delaware
Porsche Haus S.r.L., Milan
Porsche Holding Finance plc., Dublin
Porsche Holding Gesellschaft m.b.H., Salzburg
Porsche Hong Kong Limited, Hong Kong
Porsche Hungaria Kereskedelmi Kft., Budapest
Porsche Ibrica S.A., Madrid
Porsche Immobilien BG EOOD, Sofia
Porsche Immobilien CZ spol. s.r.o., Prague
Porsche Immobilien GmbH & Co. KG, Salzburg
Porsche Immobilien GmbH, Salzburg
Porsche Immobilien S.R.L., Voluntari
Porsche Immobilien Slovakia spol s.r.o., Bratislava
Porsche Immobilienverwaltungs Kft., Budapest
Porsche Informatik GmbH, Salzburg
Porsche Innovative Lease Owner Trust 2011-1, Wilmington/Delaware
Porsche Innovative Lease Owner Trust 2012-1, Wilmington/Delaware
Porsche Insurance Broker BG EOOD, Sofia
Porsche Inter Auto BG EOOD, Sofia
Porsche Inter Auto CZ spol. s.r.o., Prague
Porsche Inter Auto d.o.o., Ljubljana
Porsche Inter Auto d.o.o., Zagreb
Porsche Inter Auto GmbH & Co. KG, Salzburg
Porsche Inter Auto Hungaria Kft., Budapest
Porsche Inter Auto Romania S.R.L., Voluntari
Porsche Inter Auto S d.o.o., Belgrade
Porsche Inter Auto Slovakia spol. s.r.o., Bratislava
Porsche International Financing plc., Dublin
Porsche International Reinsurance Ltd., Dublin
Porsche Investment Corporation, Wilmington/Delaware
Porsche Italia S.p.A., Padua
Porsche Japan K.K., Tokyo
Porsche Konstruktionen GmbH & Co. KG, Salzburg
Porsche Kredit in Leasing SLO d.o.o., Ljubljana
Porsche L.S. Kft., Budapest
Porsche Latin America, Inc., Wilmington/Delaware
Porsche Leasing BG EOOD, Sofia
Porsche Leasing d.o.o. Podgorica, Podgorica
Porsche Leasing d.o.o., Zagreb
Porsche Leasing dooel Skopje, Skopje
Porsche Leasing Ltd., Wilmington/Delaware
Porsche Leasing Romania IFN S.A., Voluntari
Porsche Leasing SCG d.o.o., Belgrade
Porsche Leasing SLO d.o.o., Ljubljana
Porsche Leasing Ukraine TOV, Kiev
Porsche Liquidity LLC, Wilmington/Delaware
Porsche Logistics Services LLC, Wilmington/Delaware
Porsche Macedonia dooel, Skopje
Porsche Middle East FZE, Dubai
Porsche Mobiliti d.o.o., Zagreb
Porsche Mobility d.o.o., Belgrade
Porsche Mobility S.R.L., Voluntari
Porsche Mobility TOV, Kiev
Porsche Motorsport North America, Inc., Wilmington/Delaware
Porsche Partner d.o.o. Belgrade
Exchange
rate
(1 = )
HUF
RON
BGN
RON
USD
CAD
CAD
AUD
CAD
GBP
USD
CNY
CZK
CZK
EUR
BRL
EUR
CNY
USD
EUR
EUR
GBP
SGD
EUR
USD
EUR
USD
EUR
CZK
USD
USD
EUR
AUD
CAD
EUR
GBP
USD
EUR
JPY
CHF
EUR
USD
USD
EUR
EUR
EUR
HKD
HUF
EUR
BGN
CZK
EUR
EUR
RON
EUR
HUF
EUR
USD
USD
BGN
BGN
CZK
EUR
HRK
EUR
HUF
RON
RSD
EUR
EUR
EUR
USD
EUR
JPY
EUR
EUR
HUF
USD
BGN
EUR
HRK
MKD
USD
RON
RSD
EUR
UAH
USD
USD
MKD
USD
HRK
RSD
RON
UAH
USD
RSD
292,3000
4,4445
1,9558
4,4445
1,3194
1,3137
1,3137
1,2712
1,3137
0,8161
1,3194
8,2207
25,1510
25,1510
2,7036
8,2207
1,3194
0,8161
1,6111
1,3194
1,3194
25,1510
1,3194
1,3194
1,2712
1,3137
0,8161
1,3194
113,6100
1,2072
1,3194
1,3194
10,2260
292,3000
1,9558
25,1510
4,4445
292,3000
1,3194
1,3194
1,9558
1,9558
25,1510
7,5575
292,3000
4,4445
112,4000
1,3194
113,6100
292,3000
1,3194
1,9558
7,5575
62,2600
1,3194
4,4445
112,4000
10,6875
1,3194
1,3194
62,2600
1,3194
7,5575
112,4000
4,4445
10,6875
1,3194
112,4000
VW AG's interest
in capital in %
Direct
Indirect
-
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
75,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
Total
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
75,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
Equity
in thousands,
local currency
8.172.809
52.873
29.791
35.909
1.286
48.684
734
25.636
29.105
45.271
365.435
100.242
25.250
530.238
4.149
2.780
7.116
317
816.359
5.531
1.543
718
61
447
48
19.281
39.201
148.215
19.498
498
640
16.931
11.665
69.647
40.639
23.922
3.419.063
4.388
68.831
298.101
4.835
3.354.497
256.163
16.799.087
61.459
21.452
566.218
21.925
874.997
327.638
13.836
5.024.748
6.369
46.202
35.997
2.399
3.900
697.458
8.553
46.883
80.095
3.383.329
49.580
11.131
44.069
33.137
106
93.602
3.033.570
156.685
29.493
72.927
1.498
8.453
933
133.321
103.315
0
183.424
155.063
19.913
20.195
1.342
540.023
48.442
19.797
34.500
13.852
6.893
16.051
Profit/loss
in thousands,
local currency
737.570
5.813
5.856
28.508
262
7.600
-7
5.030
11.840
44.488
127.353
70.712
5.573
109.591
1.821
-2.511
1.177
59
1
2.843
-39
1.876
550
-2
214
42
0
4.679
14.868
-1.585
3.806
74
-13
-50
2.174
4.598
2.851
2.376
188.979
3.101
6.600
13.693
-5.086
-645
-22.720
1.724.405
2.586.380
-4.069
516
1.439
255
525
386
-115
-400.017
1.363
18.824
2.997
1.175
214
207.225
1.993
2.373
34.967
802.121
5.915
-111.169
2.892
993
9.501
0
-2.503
1.506.852
94.535
1.795
-600.571
222
53
350
22.223
41.982
0
9.609
-66.858
783
-12.820
3.250
397
110.212
18.036
3.969
460.820
18.385
6.280
1.040
13.745
Footnote
7)
7)
7)
7)
7)
7)
7)
7)
7)
7)
7)
6) 4) 12)
7)
7)
7)
7)
7)
7)
7)
7)
7)
7)
7)
7)
7)
7)
7)
7)
7)
7)
7)
7)
7)
7)
7)
6)
7)
7)
14)
7)
7)
7)
4) 6)
7)
7)
7)
7)
7)
7)
7)
7)
7)
7)
7)
Year
2011
2011
2011
2011
2012
2012
2012
2012
2012
2012
2012
2012
2012
2011
2011
2012
2012
2012
2012
2011
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2011
2012
2011
2012
2011
2011
2011
2011
2011
2011
2011
2011
2012
2012
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2012
2012
2012
2012
2012
2011
2011
2011
2012
2011
2011
2011
2011
2012
2011
2011
2011
2011
2012
2012
2011
2012
2011
2011
2011
2011
2012
2011

Porsche Retail Group Australia Pty. Ltd., Collingwood
Porsche Retail Group Ltd., Reading
Porsche Romania s.r.l., Voluntari
Porsche SCG d.o.o., Belgrade
Porsche Schweiz AG, Zug/Steinhausen
Porsche Services Espaa S.L., Madrid
Porsche Services Singapore Pte Ltd., Singapore
Porsche Slovakia spol. s.r.o., Bratislava
Porsche Slovenija d.o.o., Ljubljana
Porsche Ukraine TOV, Kiev
Porsche Versicherungs AG, Salzburg
Porsche Versicherungsagentur TOV, Kiev
Porsche Versicherungsvermittlung Kft., Budapest
Porsche Werbemittlung GmbH, Salzburg
Porsche Zagreb d.o.o., Zagreb
Porsche Zastupanje u Osiguranju d.o.o., Zagreb
Porsche Zavarovalno Zastopnistvo d.o.o., Ljubljana
Power Vehicle Co. Ltd., Bangkok
PPF Holding AG, Zug
Prcision Automobiles S.A.S., Paris
Private VCL S.A., Luxembourg
Prophi S.A.S., Chasseneuil-du-Poitou
Qanadeel AL Rafidain Automotive Trading Co. LTD, Erbil
Raven Air Ltd., George Town, Cayman Islands
Reliable Vehicles Ltd., London
RENK Corporation, Duncan/South Carolina
RENK France S.A.S., Saint-Ouen-l'Aumne
RENK LABECO Test Systems Corporation, Mooresville/Indiana
RENK-MAAG GmbH, Winterthur
Roosevelt II S.A.S., Saint-Alban-Leysse
S.A.N.D. Automobiles S.A.S., Loison-sous-Lens
S.A.R.L. Alize Automobile, Cbazat
S.A.R.L. Domes Automobiles, Chasseneuil-du-Poitou
S.A.R.L. JP Cresson, Hellemmes
S.A.S. Autolosange, Metz
S.A.S. Diffusion Automobile Calaisienne, Coquelles
S.A.S. Evrard GGL, Livin
S.A.S. Garage Chevalier, Longueville-ls-Metz
S.A.S. Garage de la Gohelle, Sains-en-Gohelle
S.A.S. Garage de la Lys Englos les Geants, Sequedin
S.A.S. Garage de la Lys NGA, Longuenesse
S.A.S. Garage de la Lys, Nieppe
S.A.S. Gardin, Terville
S.A.S. GGBA , Henin Beaumont
S.A.S. Immogeb, Hnin Beaumont
S.A.S. Jacques Carlet, Mozac
S.A.S. Lens Location, Loison-sous-Lens
S.A.S. Les Nouveaux Garages de l'Artois, Arras
S.A.S. Longwy Espace Automobile, Mexy
S.A.S. Nouveau Garage des Flandres, Wormhout
S.A.S. PGA FI, Chasseneuil-du-Poitou
S.A.S. Premium Automobiles, Paris
S.A.S. Premium II, Montigny-le-Bretonneux
S.A.S. Premium Picardie, Rivery
S.A.S. Sancar, Chasseneuil-du-Poitou
S.A.S. Sandrah, Hnin-Beaumont
S.A.S. Saneg, Carvin
S.A.S. SNAT, Tourcoing
S.A.S. Vitry Automobiles, Vitry-sur-Seine
SACN - Socit Automobile Chauny Noyon S.A.S., Chauny
SADA S.A.S., Dunkirk
Sadal S.A.S., Annemasse
Safi S.A.S., Vitry-sur-Seine
Saintalb S.A.S., Saint-Alban-Leysse
Savoie Renault Occasion (Sareno) S.A.R.L., Saint-Pierre-d'Albigny
Scan Siam Service Co. Ltd., Bangkok
Scanexpo International S.A., Montevideo
Scanexpo S.A., Montevideo
Scania (Hong Kong) Limited, Hong Kong
Scania (Malaysia) SDN BHD, Kuala Lumpur
Scania AB, Sdertlje
Scania Administradora de Consrcios Ltda., Cotia
Scania Argentina S.A., Buenos Aires
Scania Australia Pty. Ltd., Melbourne
Scania Banco S.A., So Paulo
Scania Belgium SA-NV, Neder-Over-Heembeek
Scania Biler A/S, Ishj
Scania Bosnia Herzegovina d.o.o., Sarajevo
Scania Botswana (Pty) Ltd., Gaborone
Scania Bulgaria EOOD, Sofia
Scania Bus & Coach UK Ltd., Milton Keynes
Scania Bus Belgium N.V.-S.A., Brussels
Scania Bus Financing AB, Stockholm
Scania Bus Nordic AB, Sdertlje
Scania Central Asia LLP, Almaty
Scania Chile S.A., Santiago de Chile
Scania Colombia S.A., Bogot
Scania Comercial, S.A. de C.V., Quertaro
Scania Commercial Vehicles India Pvt. Ltd., Bangalore
Scania Commercial Vehicles Renting S.A., Madrid
Scania Commerciale S.p.A., Trento
Scania Credit (Malaysia) SDN BHD, Selangor
Scania Credit AB, Sdertlje
Scania Credit Hrvatska d.o.o., Rakitje
Scania Credit Romania IFN S.A., Ciorogrla
Scania CV AB, Sdertlje
Scania Czech Republic s.r.o., Prague
Exchange
rate
(1 = )
AUD
GBP
RON
RSD
CHF
EUR
SGD
EUR
EUR
UAH
EUR
UAH
HUF
EUR
HRK
HRK
EUR
THB
CHF
EUR
EUR
EUR
IQD
USD
GBP
USD
EUR
USD
CHF
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
THB
UYU
UYU
HKD
MYR
SEK
BRL
ARS
AUD
BRL
EUR
DKK
BAM
BWP
BGN
GBP
EUR
SEK
SEK
KZT
CLP
COP
MXN
INR
EUR
EUR
MYR
EUR
HRK
RON
SEK
CZK
1,2712
0,8161
4,4445
112,4000
1,6111
10,6875
10,6875
292,3000
7,5575
7,5575
40,3470
1,2072
1.535,7300
1,3194
0,8161
1,3194
1,3194
1,2072
40,3470
25,2970
25,2970
10,2260
4,0347
8,5820
2,7036
6,4840
1,2712
2,7036
7,4610
1,9558
10,2599
1,9558
0,8161
8,5820
8,5820
198,4200
631,4900
2.331,0000
17,1845
72,5600
4,0347
7,5575
4,4445
8,5820
25,1510
VW AG's interest
in capital in %
Direct
Indirect
49,29
-
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
51,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
97,50
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
13,35
99,99
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
99,99
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
Total
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
51,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
97,50
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
62,64
99,99
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
99,99
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
Equity
in thousands,
local currency
12.623
8.113
413.988
647.765
11.541
350
658
20.716
42.263
225.769
38.624
107
6.400
1.136
320.400
1.603
205
402
4.298
1.569
31
2.182
7.656
9.578
739
12.472
399
2.413
388
323
190
2.412
1.817
1.163
1.916
976
2.168
1.863
2.774
2.754
94.638
142
4.320
1.631
4.481
435
183
224
3.386
3.523
2.509
7.271
1.610
1.487
1.450
1.367
1.554
1.361
5.863
5.550
2.688
184
17.601
178.938.000
3.260
46.951
16.402.146.000
84.103
391.405
27.010
119.729
47.207
23.261
2.468
16.734
11.460
18.548
1.603.695
1.393.540
10.891.224
2.497.149
317.968
338.000
5.310
6.251
6.903
1.159
30.166.000
188.190
Profit/loss
in thousands,
local currency
957
318
114.723
351.685
7.934
-72
158
6.495
9.628
178.526
7.530
231.989
548
12.872
1.043
30
-47
4
214
492
1.531
2.840
-34
3.268
26
440
61
44
126
352
371
323
301
209
586
548
513
-233
10.771
391
789
284
495
-146
58
86
1.575
980
431
978
427
437
56
112
215
327
922
272
163
-24
5.916
-2.378.000
3.381
9.289
4.001.002.000
20.190
102.326
3.599
450
3.818
1.131
-180
8.291
1.568
332
301.031
57.643
1.865.779
-2.590.208
16.911
-34.844
172
-99
1.483
-2.779
9.494
9.638.000
49.880
Footnote
Year
7)
7)
2012
2012
2011
2011
2012
2012
2012
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2012
2011
2012
2012
2012
2012
2012
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2012
2011
2011
2012
2011
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2011
2011
7)
7)
7)
5)
7)
16)
7)
11)
5)
14)
5)
5)
5)
6)

Scania Danmark A/S, Herlev
Scania Danmark Ejedom ApS, Ishj
Scania de Venezuela S.A., Valencia
Scania del Per S.A., Lima
Scania Delivery Center AB, Sdertlje
Scania Driver Training SRL, Ilfov
Scania Eesti AS, Tallinn
Scania Europe Holding B.V., Zwolle
Scania Finance Belgium N.V.-S.A., Neder-Over-Heembeek
Scania Finance Bulgaria EOOD, Sofia
Scania Finance Chile S.A., Santiago de Chile
Scania Finance Czech Republic Spol. s.r.o., Prague
Scania Finance France S.A.S., Angers
Scania Finance Great Britain Ltd., London
Scania Finance Hispania EFC S.A., Madrid
Scania Finance Holding AB, Sdertlje
Scania Finance Holding Great Britain Ltd., London
Scania Finance Ireland Ltd., Dublin
Scania Finance Italy S.p.A., Milan
Scania Finance Korea Ltd., Kyoung Sang Nam-do
Scania Finance Luxembourg S.A., Munsbach
Scania Finance Magyarorszg zrt., Biatorbgy
Scania Finance Nederland B.V., Breda
Scania Finance Polska Sp. z o.o., Nadarzyn
Scania Finance Pty. Ltd., Melbourne
Scania Finance Schweiz AG, Kloten
Scania Finance Slovak Republic s.r.o., Senec
Scania Finance Southern Africa (Pty) Ltd., Aeroton Gauteng
Scania Finans AB, Sdertlje
Scania France S.A.S., Angers
Scania Great Britain Ltd., Milton Keynes
Scania Group Treasury Belgium N.V., Neder-Over-Heembeek
Scania Hispania Holding S.L., Madrid
Scania Hispania S.A., Madrid
Scania Holding Europe AB, Sdertlje
Scania Holding France S.A.S., Angers
Scania Holding Inc., Wilmington
Scania Hrvatska d.o.o., Zagreb
Scania Hungaria Kft., Biatorbgy
Scania Infomate, Zwolle
Scania Infotronics AB, Sdertlje
Scania Insurance Belgium N.V., Neder-Over-Heembeek
Scania Insurance Nederland B.V., Middelharnis
Scania Investimentos Imobilirios S.A., Santa Iria de Azla
Scania IT AB, Sdertlje
Scania IT France S.A.S., Angers
Scania Japan Limited, Tokyo
Scania Korea Ltd., Seoul
Scania Kringlan AB, Sdertlje
Scania Latin America Ltda., So Bernardo do Campo
Scania Latvia SIA, Riga
Scania Leasing d.o.o., Ljubljana
Scania Leasing Ltd., Dublin
Scania Leasing sterreich Ges.m.b.H., Brunn am Gebirge
Scania Lzing Kft., Biatorbgy
Scania Locations S.A.S., Angers
Scania Luxembourg S.A., Munsbach
Scania Marketing Support AB, Sdertlje
Scania Maroc S.A., Casablanca
Scania Middle East FZE, Dubai
Scania Milano S.p.A., Trento
Scania Nederland B.V., Breda
Scania Networks B.V., The Hague
Scania Omni AB, Sdertlje
Scania sterreich Ges.m.b.H., Brunn am Gebirge
Scania sterreich Holding GmbH, Brunn am Gebirge
Scania Overseas AB, Sdertlje
Scania Parts Logistics AB, Sdertlje
Scania Polska S.A., Warsaw
Scania Portugal S.A., Santa Iria de Azia
Scania Production Angers S.A.S., Angers
Scania Production Meppel B.V., Meppel
Scania Production Slupsk S.A., Slupsk
Scania Production Zwolle B.V., Zwolle
Scania Projektfinans AB, Sdertlje
Scania Properties Ltd., Milton Keynes
Scania Real Estate AB, Sdertlje
Scania Real Estate Belgium N.V., Neder-Over-Heembeek
Scania Real Estate Bulgaria EOOD, Sofia
Scania Real Estate Czech Republic s.r.o., Prague
Scania Real Estate Doo Beograd, Belgrade
Scania Real Estate France S.A.S., Angers
Scania Real Estate Hispania S.L., Pontevedra
Scania Real Estate Holding Luxembourg S.r.l, Munsbach
Scania Real Estate Hungaria k.f.t., Biatorbgy
Scania Real Estate Ltd., Milton Keynes
Scania Real Estate Lund AB, Sdertlje
Scania Real Estate sterreich GmbH, Brunn am Gebirge
Scania Real Estate Romania SRL, Bucharest
Scania Real Estate s.r.o., Bratislava
Scania Real Estate Schweiz AG, Kloten
Scania Real Estate Services AB, Sdertlje
Scania Real Estate The Netherlands B.V., Breda
Scania Regional Agent de Asigurare S.R.L., Bucharest
Scania Rent Romania SRL, Bucharest
Scania Romania SRL, Bucharest
Scania Sales (China) Co. Ltd., Beijing
Exchange
rate
(1 = )
DKK
DKK
VEF
PEN
SEK
RON
EUR
EUR
EUR
BGN
CLP
CZK
EUR
GBP
EUR
SEK
GBP
EUR
EUR
KRW
EUR
HUF
EUR
PLN
AUD
CHF
EUR
ZAR
SEK
EUR
GBP
SEK
EUR
EUR
SEK
EUR
USD
HRK
HUF
EUR
SEK
EUR
EUR
EUR
SEK
EUR
JPY
KRW
SEK
BRL
LVL
EUR
EUR
EUR
HUF
EUR
EUR
SEK
MAD
AED
EUR
EUR
EUR
SEK
EUR
EUR
SEK
SEK
PLN
EUR
EUR
EUR
PLN
EUR
SEK
GBP
SEK
EUR
BGN
CZK
RSD
EUR
EUR
EUR
HUF
GBP
SEK
EUR
RON
EUR
CHF
SEK
EUR
RON
RON
RON
CNY
7,4610
7,4610
5,6642
3,3665
8,5820
4,4445
1,9558
631,4900
25,1510
0,8161
8,5820
0,8161
1.406,2300
292,3000
4,0740
1,2712
1,2072
11,1727
8,5820
0,8161
8,5820
8,5820
1,3194
7,5575
292,3000
8,5820
8,5820
113,6100
1.406,2300
8,5820
2,7036
0,6977
292,3000
8,5820
11,1562
4,8443
8,5820
8,5820
8,5820
4,0740
4,0740
8,5820
0,8161
8,5820
1,9558
25,1510
112,4000
292,3000
0,8161
8,5820
4,4445
1,2072
8,5820
4,4445
4,4445
4,4445
8,2207
VW AG's interest
in capital in %
Direct
Indirect
-
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
99,90
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
96,00
100,00
100,00
Total
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
99,90
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
96,00
100,00
100,00
Equity
in thousands,
local currency
35.068
68.744
11.189
60.178
12.305
0
4.924
9.243
18.046
1.614.369
447.815
26.127
45.914
15.936
16.595
3.769
32
30.657
44.402.576
2.606
264.739
41.875
110.740
2
3.810
2.172.979
256.884
178.901
46.151
46.555
643
4.543
13.391
47.949.080
64.631
11.786
2.708
1.663.904
2.162
106
1.023
1.126
61.348
1.275
51.978
30.986.780
1.204.599
3.508
771
7.389
350.823
11.469
2.739
67.028
360
10.851
2.689
3.408
18.633
63.559
111.998
1.658
30.407
10.358
44.333
46.032
25.243
80.746
22.616
80
888
774
12.457
105
6.177
2
4.563
896
622.273
15.768
211
242
15.790
59.659
Profit/loss
in thousands,
local currency
-1.460
7.906
1.338
10.466
5.888
-181
1.166
11.253
1.748
2.842
22.044
-10.481
417
5.363
1.312
-54.711
0
11
893
4.079.165
822
80.112
377
19.004
0
758
1.591
26.809
52.626
11.037
39.866
-932.583
2.465
5.251
826.199
15.060
-424
-323
5.787
69
25
203
-558
-35.901
89
-21.636
3.555.636
862.329
652
150
-257
-60.803
70
91
25.502
-398
1.769
388
473
-7
81
18.510
-3.767
1.491
1.449
1.985
5.118
797
3.084
872
0
-91
68
0
634
421
-10
-218
-104
-6.181
536
-4
-3
675
-1.776
Footnote
14)
5)
10)
5)
5)
5)
5)
6)
5)
5)
5)
6)
6)
11)
6)
6)
Year
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2012
2011
2011
2011
2011
2012
2011
2012
2011
2011
2011
2012
2011
2011
2011
2012
2011
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2012
2011
2012
2011
2011
2012
2012
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011

Scania Sales and Services AB, Sdertlje
Scania Schweiz AG, Kloten
Scania Services del Per S.A., Lima
Scania Services S.A., Buenos Aires
Scania Servicios, S.A. de C.V., Quertaro
Scania Siam Co. Ltd., Bangkok
Scania Siam Leasing Co. Ltd., Bangkok
Scania Singapore Pte. Ltd., Singapore
Scania Slovakia s.r.o., Bratislava
Scania Slovenija d.o.o., Ljubljana
Scania South Africa Pty. Ltd., Sandton
Scania Srbija d.o.o., Belgrade
Scania Suomi Oy, Helsinki
Scania Sverige Bussar AB, Sdertlje
Scania Tanzania Ltd., Dar Es Salaam
Scania Thailand Co. Ltd., Bangkok
Scania Trade Development AB, Sdertlje
Scania Transportlaboratorium AB, Sdertlje
Scania Treasury AB, Sdertlje
Scania Treasury Belgium N.V., Neder-Over-Heembeek
Scania Treasury Luxembourg S.a.r.l., Luxembourg
Scania Truck Financing AB, Sdertlje
Scania Trucks & Buses AB, Sdertlje
Scania Tketici Finansmani A.S., Istanbul
Scania USA Inc., San Antonio, Texas
Scania Used Vehicles AB, Sdertlje
Scania-Bilar Sverige AB, Sdertlje
Scanlink Ltd., Milton Keynes
SCANRENT - Alguer de Viaturas sem Condutor, S.A., Lisbon
Scantruck Ltd., Milton Keynes
SCI 108 Rue Pasteur, Chasseneuil-du-Poitou
SCI Actipolis, Chasseneuil-du-Poitou
SCI Carlet, Chasseneuil-du-Poitou
SCI Carrefour de Courrieres, Chasseneuil-du-Poitou
SCI Carsan, Chasseneuil-du-Poitou
SCI Croix Mesnil, Chasseneuil-du-Poitou
SCI de la rue des Chantiers, Chasseneuil-du-Poitou
SCI de la rue du Blason, Chasseneuil-du-Poitou
SCI de Loison, Chasseneuil-du-Poitou
SCI des Pres, Chasseneuil-du-Poitou
SCI Dieu & Compagnie, Chasseneuil-du-Poitou
SCI du Boulevard d'halluin, Chasseneuil-du-Poitou
SCI du Fond du Val, Chasseneuil-du-Poitou
SCI du Pont Rouge, Chasseneuil-du-Poitou
SCI du Prieure, Chasseneuil-du-Poitou
SCI du Ruisseau, Chasseneuil-du-Poitou
SCI Faema, Villers-Cotterts
SCI Foch 47, Morlaix
SCI GMC, Chasseneuil-du-Poitou
SCI Heninoise de l'Automobiles, Chasseneuil-du-Poitou
SCI Lea, Chasseneuil-du-Poitou
SCI Les Champs Dronckaert, Chasseneuil-du-Poitou
SCI Les Petites Haies de Valenton, Chasseneuil-du-Poitou
SCI Les Ribes Plein Sud, Chasseneuil-du-Poitou
SCI Lievinoise, Chasseneuil-du-Poitou
SCI MV, Chasseneuil-du-Poitou
SCI Novo Lavoisier, Chasseneuil-du-Poitou
SCI R19, Saint-Jean-de-Maurienne
SCI Santa Sofia, Saint-Alban-Leysse
SCI SCENI II, Saint-Alban-Leysse
SCI Servagnin, Saint-Alban-Leysse
SCI Sipamar, Thonon-les-Bains
SCI Thomas, Hellemmes
SCI Vrillonnerie, Chasseneuil-du-Poitou
SEAT Motor Espaa S.A., Barcelona
SEAT Portugal Unipessoal, Lda., Lisbon
SEAT, S.A., Martorell
Securycar S.A.S., Paris
Sevilla Wagen, S.A., Seville
SITECH Sp. z o.o., Polkowice
SKODA AUTO a.s., Mlad Boleslav
SKODA AUTO India Private Limited, Aurangabad
SKODA AUTO Slovensko, s.r.o., Bratislava
koFIN s.r.o., Prague
Smit & Co. Zwolle B.V., Zwolle
Sochaux Motors S.A.S., Paris
Socit Angrienne de Vhicules Industriels (SAVIA) S.A.S., Chauray
Socit Civile Immobilire du Billemont, Roncq
Socit Commerciale Automobile du Poitou S.A.S. (SCAP), Poitiers
Socit Commerciale Diffusion Automobile du Poitou S.A.S. (SC DAP), Poitiers
Socit de Distribution Automobile Laonnoise S.A.S., Chambry
Socit de Mcanique de Prcision de I'Aubois, Jouet
Societe de Vente d'Automobiles de Creteil SVAC S.A.S., Crteil
Socit des Automobiles de la Thierache S.A.S., Hirson
Socit des Automobiles du Soissonnais S.A.S., Billy-sur-Aisne
Socit d'Exploitation Garage Carlet S.A.S., Chasseneuil-du-Poitou
Socit Valentinoise de Commerce Automobile - SOVACA S.A.S., Valence
Sdertlje Bil Invest AB, Sdertlje
Sdertlje Bilkredit AB, Sdertlje
Sofidem S.A.S., Saint-Thibault-des-Vignes
Somat S.A.R.L., Saint-Cyr-sur-Loire
Southway Scania Ltd., Milton Keynes
Stockholms Industriassistans AB, Sdertlje
Stuttgart Motors S.A.S., Paris
Suvesa Super Veics Pesados Ltda., Eldorado do Sul
Suzhou Jie Jun Automobile Sales and Service Co., Ltd., Suzhou
Suzhou Jun Bao Hang Automobile Sales and Service Co., Ltd., Suzhou
Exchange
rate
(1 = )
SEK
CHF
PEN
ARS
MXN
THB
THB
SGD
EUR
EUR
ZAR
RSD
EUR
SEK
TZS
THB
SEK
SEK
SEK
SEK
SEK
SEK
SEK
TRY
USD
SEK
SEK
GBP
EUR
GBP
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
PLN
CZK
INR
EUR
CZK
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
SEK
SEK
EUR
EUR
GBP
SEK
EUR
BRL
CNY
CNY
8,5820
1,2072
3,3665
6,4840
17,1845
40,3470
40,3470
1,6111
11,1727
112,4000
8,5820
2.090,4600
40,3470
8,5820
8,5820
8,5820
8,5820
0,8161
8,5820
8,5820
2,3551
1,3194
8,5820
8,5820
0,8161
0,8161
4,0740
25,1510
72,5600
25,1510
8,5820
8,5820
0,8161
8,5820
2,7036
8,2207
8,2207
VW AG's interest
in capital in %
Direct
Indirect
-
100,00
100,00
100,00
100,00
99,99
99,99
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
99,99
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
70,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
99,98
100,00
100,00
Total
100,00
100,00
100,00
100,00
99,99
99,99
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
99,99
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
70,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
99,98
100,00
100,00
Equity
in thousands,
local currency
2.530.182
16.964
35.053
7.375
10.443
193.566
70.895
10.358
12.556
5.737
304.834
72.242
30.878
8.679.533
59.908
245.921
1.963
6.807.158
461
985.660
187.980
12.403
2.895
150.950
1.394
75
103
435
845
392
106
18
57
12
80
182
47
44
226
144
63
127
95
415
115
68
195
607
96
30
72
168
116
10
76
17
191
4.068
1.349
671.800
2.694
6.356
565.929
92.357.000
5.452.372
17.292
3.531.939
1.403
34.931
4.110
237
9.037
2.985
2.283
1.038
1.726
884
1.903
831
3.701
334.500
3.766
877
11.069
11.771
57.127
59.851
83.705
Profit/loss
in thousands,
local currency
548.403
12.939
-92
1.154
636
535
-520
4.080
439
945
91.876
15.025
16.738
791.860
3.534
-27.555
563
132.091
333.751
1.127.352
-18.172
-295
-1.662
-12.021
156.783
-495
73
102
112
59
89
45
17
55
10
78
180
45
42
198
132
62
40
19
210
-102
114
67
193
317
95
0
71
153
68
0
-44
54
13
108
-3.732
-40
-61.500
2.653
459
147.166
13.259.000
-329.700
1.760
593.147
372
1.330
413
176
764
546
541
-219
348
249
373
363
245
181.630
788
4
605
270
9.418
3.182
22.301
Footnote
5)
5)
5)
5)
12)
5)
5)
Year
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2011
2011
2012
2011
2012
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2012
2012
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2011
2011
2011
2012
2011
2011
2012
2011
2011
2011
2011
2011

Svenska Mektek AB, Enkping
Taizhou Junbaojie Automobile Sales & Service Co., Ltd., Taizhou
Techstar 86 S.A.R.L., Poitiers
Techstar Champs-sur-Marne S.A.S., Champs-sur-Marne
Techstar Meaux S.A.S., Meaux
Techstar S.A.S., Vert-Saint-Denis
Terwolde B.V., Groningen
Terwolde Holding B.V., Utrecht
TF Motors S.A.S., Chasseneuil-du-Poitou
Touraine Automobiles S.A.S., Saint-Cyr-sur-Loire
Tourisme Automobiles S.A.R.L., Angers
TOV Donbas-Scan-Service, Makiivka
TOV Kiev-Scan, Makarov
TOV MAN Truck & Bus Ukraine, Kiev
TOV Scania Credit Ukraine, Kiev
TOV Scania Ukraine, Kiev
TOV Scania-Lviv, Lviv
Trembler Air Ltd., George Town, Cayman Islands
Truck Namibia (Pty) Ltd., Windhoek
Truck Rental Solutions Cesko, spol. s.r.o., Prague
Truck Rental Solutions Hungaria Kft., Budapest
Truck Rental Solutions Slovensko, spol. s.r.o., Doln Poruba
Trucknology S.A., Luxembourg
UAB Scania Lietuva, Vilnius
Uas B.V., Utrecht
Union Trucks Ltd., Milton Keynes
Vabis Bilverkstad AB, Sdertlje
Vabis Frskringsaktiebolag, Sdertlje
Valiege S.A.S., Orvault
Valladolid Wagen, S.A., Valladolid
VCCI Funding LP, St. Laurent, Quebec
VCI Loan Services, LLC, Salt Lake City, Utah
VCL Master S.A., Luxembourg
VCL Multi-Compartment S.A., Luxembourg
Vienne Sud Automobiles S.A.S., Civray
Vindbron Arendal AB, Sdertlje
Volkswagen (China) Investment Company Ltd., Beijing
Volkswagen Argentina S.A., Buenos Aires
Volkswagen Auto Lease Entity, LLC, Herndon, Virginia
Volkswagen Auto Lease Loan Underwritten Funding, LLC, Herndon, Virginia
Volkswagen Auto Loan Vehicle, LLC, Herndon, Virginia
Volkswagen Auto Securitization Transaction, L.L.C., Herndon, Virginia
Volkswagen Autoeuropa, Lda., Quinta do Anjo
VOLKSWAGEN Automatic Transmission (Dalian) Co., Ltd., Dalian
Volkswagen Automotive Finance, LLC, Herndon, Virginia
VOLKSWAGEN BANK POLSKA S.A., Warsaw
VOLKSWAGEN BANK SA INSTITUCION DE BANCA MULTIPLE, Puebla
Volkswagen Barcelona, S.A., Barcelona
Volkswagen Credit Compana Financiera S.A., Buenos Aires
Volkswagen de Mxico, S.A. de C.V., Puebla/Pue.
Volkswagen Dealer Finance, LLC, Herndon, Virginia
Volkswagen do Brasil Indstria de Veculos Automotores Ltda., So Bernardo do Campo
Volkswagen Enhanced Auto Lease, LLC., Herndon, Virginia
Volkswagen Finance (China) Co., Ltd., Beijing
VOLKSWAGEN FINANCE BELGIUM S.A., Brussels
Volkswagen Finance Cooperation B.V., Amsterdam
Volkswagen Finance Luxembourg S.A., Luxembourg
Volkswagen Finance Overseas B.V., Amsterdam
Volkswagen Finance S.A. - Establecimiento financiero de crdito - , Madrid
Volkswagen Financial Services (UK) (June) Ltd., Milton Keynes
Volkswagen Financial Services (UK) (March) Ltd., Milton Keynes
Volkswagen Financial Services (UK) (September) Ltd., Milton Keynes
Volkswagen Financial Services (UK) Ltd., Milton Keynes
VOLKSWAGEN FINANCIAL SERVICES AUSTRALIA PTY LIMITED, Botany
VOLKSWAGEN FINANCIAL SERVICES JAPAN LTD., Tokyo
Volkswagen Financial Services N.V., Amsterdam
VOLKSWAGEN Finann sluby Slovensko s.r.o., Bratislava
Volkswagen Finans Sverige AB, Sdertlje
Volkswagen Global Finance Holding B.V., Amsterdam
Volkswagen Group Australia Pty Limited, Botany
Volkswagen Group Canada, Inc., Ajax, Ontario
VOLKSWAGEN GROUP FIRENZE S.P.A., Florence
Volkswagen Group France S.A., Villers-Cotterts
Volkswagen Group Import Company Ltd., Tianjin
Volkswagen Group Ireland Ltd., Dublin
VOLKSWAGEN GROUP ITALIA S.P.A., Verona
VOLKSWAGEN Group Japan K.K., Toyohashi
Volkswagen Group of America Chattanooga Operations, LLC, Chattanooga
Volkswagen Group of America, Inc., Herndon, Virginia
Volkswagen Group Polska Sp. z o.o., Pozna
Volkswagen Group Retail Spain, S.L., Barcelona
Volkswagen Group Sales India P.L., Mumbai
Volkswagen Group Services S.A., Brussels
Volkswagen Group Sverige Aktiebolag, Sdertlje
VOLKSWAGEN Group United Kingdom Ltd., Milton Keynes
VOLKSWAGEN HOLDING FINANCIRE S.A., Villers-Cotterts
Volkswagen Holding sterreich GmbH, Salzburg
Volkswagen Independent Borrowing Entity, LLC, Herndon, Virginia
Volkswagen India Private Ltd., Pune
Volkswagen International Finance N.V., Amsterdam
Volkswagen International Luxembourg S.A., Luxembourg
Volkswagen International Payment Services N.V., Amsterdam
Volkswagen Japan Sales K.K., Tokyo
Volkswagen Leasing Polska Sp. z o.o., Warsaw
VOLKSWAGEN LEASING SA DE CV, Puebla
Volkswagen Madrid, S.A., Madrid
Volkswagen Motor Polska Sp. z o.o., Polkowice
Exchange
rate
(1 = )
SEK
CNY
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
UAH
UAH
UAH
UAH
UAH
UAH
USD
NAD
CZK
HUF
EUR
EUR
LTL
EUR
GBP
SEK
SEK
EUR
EUR
CAD
USD
EUR
EUR
EUR
SEK
CNY
ARS
USD
USD
USD
USD
EUR
CNY
USD
PLN
MXN
EUR
ARS
MXN
USD
BRL
USD
CNY
EUR
EUR
EUR
EUR
EUR
GBP
GBP
GBP
GBP
AUD
JPY
EUR
EUR
SEK
EUR
AUD
CAD
EUR
EUR
CNY
EUR
EUR
JPY
USD
USD
PLN
EUR
INR
EUR
SEK
GBP
EUR
EUR
USD
INR
EUR
EUR
EUR
JPY
PLN
MXN
EUR
PLN
8,5820
8,2207
10,6875
10,6875
10,6875
10,6875
10,6875
10,6875
1,3194
11,1753
25,1510
292,3000
3,4528
0,8161
8,5820
8,5820
1,3137
1,3194
8,5820
8,2207
6,4840
1,3194
1,3194
1,3194
1,3194
8,2207
1,3194
4,0740
17,1845
6,4840
17,1845
1,3194
2,7036
1,3194
8,2207
0,8161
0,8161
0,8161
0,8161
1,2712
113,6100
8,5820
vw cr
1,3137
8,2207
113,6100
1,3194
1,3194
4,0740
72,5600
8,5820
0,8161
1,3194
72,5600
113,6100
4,0740
17,1845
4,0740
VW AG's interest
in capital in %
Direct
Indirect
100,00
100,00
100,00
10,02
100,00
90,98
70,00
100,00
90,99
-
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
89,98
100,00
100,00
100,00
100,00
100,00
100,00
100,00
9,02
30,00
100,00
100,00
100,00
9,01
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
Total
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
Equity
in thousands,
local currency
61.326
1.166
1.060
1.522
7.924
18
590
2.024
2.509
20.832
28.831
16.761
38.851
30.664
31
18.253
1.049
132.091
358
2.795
31
31
896
16.606.756
213.620
386.095
1.563.411
239.965
1.005.000
1.739
45.874
25.485.500
3.397.857
1.000.880
12.961
510.641
345.414
321.660
119.046
7.299.596
899.261
35.728
153.443
78
95.330
186.204
4.250
237.883
1.659.543
5.000
404.851
27.254.021
74.021
490.269
28.997
3.269.700
7.011.126
829.903
654.263
193.254
3.323.608
16.247.121
5.083.515
1.037.723
2.177.441
39.237
1.829.713
3.317
595.134
Profit/loss
in thousands,
local currency
23.822
201
156
170
318
-154
0
-29
134
-75
908
-3.012
1.129
2.738
4.120
-1.307
7.822
0
3.765
36
-6.987
17
397
151
6.812.244
-25.638
54.302
418.112
25.698
19.000
36
9.040
1.989.800
723.154
56.094
1.700
-100
-101
25.260
98.870
14.462
638.676
16.836
3.746
0
24
19.566
10.299
427
47.792
849.402
2.657
26.201
2.512.885
35.603
56.637
1.250
1.065.646
141.316
186.342
74.421
2.750
-1.024
-5.754.166
1.431.640
16.401
350.445
-791
395.367
224
106.604
Footnote
Year
5)
2012
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2011
2011
2012
2012
2012
2012
2011
2011
2012
2012
2011
2011
2011
2012
2011
2011
2011
2011
2012
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2012
2011
2011
2011
2011
2011
2012
2011
2011
2011
2011
2012
2011
2012
2011
2011
2011
2011
11)
11)
11)
11)
16)
5)
5)
6)
11)
16)
16)
6)
11) 16)
11) 16)
11) 16)
11) 16)
11) 16)
12)
11) 16)
11) 16)
6)
5)
5)
5)
12)
12)
12)
12)
10)
7) 14)
3)
14)
11) 16)
3)
14)
6)
12)
12)
Exchange
rate
(1 = )
Volkswagen Navarra, S.A., Polgono de Landaben, s/n, Arazur (Navarre)

Volkswagen of South Africa (Pty.) Ltd., Uitenhage
Volkswagen Operating Lease Transaction, LLC, Herndon, Virginia
Volkswagen Participaes Ltda., So Paulo
Volkswagen Poznan Sp. z o.o., Pozna
Volkswagen Public Auto Loan Securitization, LLC, Herndon, Virginia
Volkswagen Renting, S.A., Madrid
Volkswagen S.A. de Ahorro Para Fines Determinados, Buenos Aires
Volkswagen Servios Ltda., So Paulo
VOLKSWAGEN SLOVAKIA, a.s., Bratislava
Volkswagen-Audi Espaa, S.A., El Prat de Llobregat
Volkswagen-Versicherungsdienst Gesellschaft m.b.H., Vienna
VSJ01 Tokutei Special Purpose Company, Tokyo
VW Credit Canada, Inc., St. Laurent, Quebec
VW Credit Leasing Ltd., Herndon, Virginia
VW Credit, Inc., Herndon, Virginia
Westrucks Ltd., Milton Keynes
Wittenberg Amersfoort b.v., Amersfoort
Wittenberg B.V., Duiven
Wittenberg Harderwijk b.v., Harderwijk
Wittenberg Holding B.V., Veenendaal
Wolfsburg Motors S.A.S., Paris
Zhejiang Jiejun Automobile Sales and Service Co., Ltd., Hangzhou
ZSF Services S.A.S., Paris
EUR
ZAR
USD
BRL
PLN
USD
EUR
ARS
BRL
EUR
EUR
EUR
JPY
CAD
USD
USD
GBP
EUR
EUR
EUR
EUR
EUR
CNY
EUR
B. Unconsolidated companies
1. Germany
4Collection GmbH, Braunschweig
ALU-CAR GmbH, Winterberg
ASB Autohaus Berlin GmbH, Berlin
Audi Electronics Venture GmbH, Gaimersheim
AUDI Immobilien GmbH & Co. KG, Ingolstadt
AUDI Immobilien Verwaltung GmbH, Ingolstadt
Audi Planung GmbH, Ingolstadt
Audi Qualifizierungsgesellschaft mbH, Ingolstadt
Audi Stiftung fr Umwelt GmbH, Ingolstadt
Audi Zentrum Mnchen GmbH, Munich
Aumonta GmbH, Augsburg
Auto Union GmbH, Ingolstadt
Autohaus Gawe GmbH, Berlin
Automotive Safety Technologies GmbH, Gaimersheim
AZU Autoteile und -zubehr Vertriebs GmbH, Dreieich
Brandenburgische Automobil GmbH, Potsdam
Carmeq GmbH, Berlin
carmobility GmbH, Munich
CC WellCom GmbH, Potsdam
csi Entwicklungstechnik GmbH, Gaimersheim
csi Entwicklungstechnik GmbH, Munich
csi Entwicklungstechnik GmbH, Neckarsulm
csi Entwicklungstechnik GmbH, Sindelfingen
csi Verwaltungs GmbH, Neckarsulm
Daraja GrundstcksverwaltungsgeselIschaft mbH & Co. Vermietungs KG, Mainz-Kastel Wiesbaden
Eberhardt Verwaltungsgesellschaft mbH, Ulm
Eurocar Beteiligungs GmbH & Co. KG, Freilassing
Eurocar Beteiligungs Verwaltungs GmbH, Freilassing
Euromobil Autovermietung GmbH, Isernhagen
Fahr- und Sicherheitstraining FuS GmbH, Ingolstadt
Groupe Volkswagen France Grundstcksgesellschaft mbH, Wolfsburg
Held & Strhle GmbH, Ulm
Italdesign-Giugiaro Deutschland GmbH, Gttingen
MAHAG Beteiligungs GmbH, Munich
MAHAG Mnchener Automobil-Handel Haberl GmbH Dresden, Dresden
MAHAG Services GmbH, Munich
MAHAG Verwaltungs GmbH, Munich
MAN Erste Beteiligungs GmbH, Munich
MAN Grundstcksgesellschaft mbH & Co. Objekt Heilbronn KG, Oberhausen
MAN Grundstcksgesellschaft mbH, Oberhausen
MAN IT Services GmbH, Munich
MAN Leasing GmbH & Co. Gamma KG, Munich
MAN Personal Services GmbH, Dachau
MAN Untersttzungskasse GmbH, Munich
MMI Marketing Management Institut GmbH, Braunschweig
NSU GmbH, Neckarsulm
Ortan Verwaltung GmbH & Co. Objekt Karlsfeld KG, Pullach i. Isartal
PDB - Partnership for Dummy Technology and Biomechanics (GbR), Ingolstadt
PoHo Beteiligungs GmbH, Freilassing
Porsche Erste Vermgensverwaltung GmbH, Stuttgart
SEAT Deutschland Niederlassung GmbH, Frankfurt am Main
tcu Turbo Charger GmbH, Augsburg
TKI Automotive GmbH, Gaimersheim
Vehicle Trading International (VTI) GmbH, Braunschweig
Volkswagen Automobile Chemnitz GmbH, Chemnitz
Volkswagen Automobile Hannover GmbH, Hanover
VOLKSWAGEN Automobile Leipzig GmbH, Leipzig
Volkswagen Automobile Region Hannover GmbH, Hanover
Volkswagen Automobile Rhein-Neckar GmbH, Mannheim
Volkswagen Coaching GmbH, Wolfsburg
Volkswagen Design Center Potsdam GmbH, Potsdam
Volkswagen Dienstleistungsgesellschaft mbH, Wolfsburg
Volkswagen Group Partner Services GmbH, Wolfsburg
Volkswagen Klassik GmbH, Wolfsburg
Volkswagen Motorsport GmbH, Hanover
Volkswagen Procurement Services GmbH, Wolfsburg
Volkswagen Qualifizierungsgesellschaft mbH, Wolfsburg
Volkswagen Retail Dienstleistungsgesellschaft mbH, Berlin
Volkswagen-Bildungsinstitut GmbH, Zwickau
VW AG's interest
in capital in %
Direct
Indirect
Total
Equity
in thousands,
local currency
Profit/loss
in thousands,
local currency
100,00
-
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
655.281
9.057.164
2.013.754
2.426.776
8.405
27.836
14.958
1.204.897
174.412
8.300
1.963.375
127
966
10.824
121.191
1.168
44.236
2.686.150
209.329
310.010
-1.735
9.356
12.538
170.306
18.408
2.842
-1.657
346.988
-76
-11
-5
0
1.285
4.136
302
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
100,00
80,80
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
75,50
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
80,00
49,00
100,00
80,80
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
75,50
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
80,00
49,00
25
361
10.641
18.692
51.177
71
25
5.158
325
354
307
2.322
87
2.739
3.100
250
1.244
281
1.577
1.418
1.745
148
489
1.139
5
83
530
33
159
191
439
815
381
781
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
100,00
100,00
100,00
100,00
-
94,00
100,00
100,00
90,00
100,00
27,45
100,00
70,30
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
51,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
94,00
100,00
100,00
90,00
100,00
27,45
100,00
70,30
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
51,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
0
40
597
24
779
52
28
99
128
40
256
256
18
512
326
21
215
2.763
6.439
20.359
13.805
7.498
5.369
2.521
144
25
3.138
100
503
259
256
-204
2
-3
2
761
1
7
31
3
2
-3
-41
233
-
11,1727
1,3194
2,7036
4,0740
1,3194
6,4840
2,7036
113,6100
1,3137
1,3194
1,3194
0,8161
8,2207
Footnote
12)
11) 16)
11) 16)
16)
11)
11)
10)
5)
1) 5)
7)
1)
7) 13)
1)
1)
1)
1)
1)
5)
14)
1)
1)
1)
7)
7)
7)
7)
7)
7) 13)
1)
1)
1)
1)
1)
1)
1)
7)
1)
6)
1)
1)
1)
1)
1)
1)
1)
1)
6) 13)
1)
1) 5)
1)
1)
1)
1)
1)
Year
2012
2011
2011
2011
2012
2011
2011
2011
2011
2012
2011
2012
2012
2011
2011
2011
2012
2011
2011
2011
2011
2011
2011
2011
2012
2011
2012
2012
2012
2012
2012
2012
2012
2011
2012
2012
2012
2011
2011
2010
2011
2012
2012
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2011
2011
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2011
2012
2012
2012
2011
2012
2011
2012
2012
2012
2011
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2011
2011
2010
2011
Exchange
rate
(1 = )
VW AG's interest
in capital in %
Direct
Indirect
Total
Equity
in thousands,
local currency
Profit/loss
in thousands,
local currency
VWL Funding 2008-1 GmbH, Braunschweig

Weser-Ems Vertriebsgesellschaft mbH, Bremen
Widro GmbH, Stuttgart
ZENDA Dienstleistungen GmbH, Wrzburg
EUR
EUR
EUR
EUR
81,25
-
100,00
100,00
100,00
100,00
81,25
100,00
100,00
25
6.831
7
2.365
2.817
-11
1.297
2. International
ABCIS Aubiere SNC, Aubire
AC2A S.A.R.L., Cosne-cours-sur-Loire
ALSASAUTO S.A.S., Vtraz-Monthoux
Alsauto S.A.S., Chasseneuil-du-Poitou
Apolo Administradora de Bens S/S Ltda., So Bernardo do Campo, SP
EUR
EUR
EUR
EUR
BRL
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
13
2.740
1.475
0
1
-46
63
-2
0
ASSIVALO PRESTAO DE SERVIOS AUXILIARES DO SETOR DE SEGUROS

LTDA., So Paulo
Audi Akademie Hungaria Kft., Gyr
AUDI AUTOMOTIVE S.A. de C.V., San Jos Chiapa
Audi Real Estate S.L., El Prat de Llobregat
Auto Services Landi SNC, Plouigneau
Automobiles Villers Services S.A.S., Villers-Cotterts
Autosphere Ellada S.A., Athens
Autoviso Brasil Desenvolvimento de Negcios Ltda., So Bernardo do Campo
AutoVision Magyarorszg Kft., Gyr
AutoVision S.A., Brussels
AUTOVISION SLOVAKIA, s.r.o., Bratislava
A-Vision - Prestao de Servios Indstria Automvel, unipessoal, Lda., Palmela
A-Vision People, Empresa de trabalho temporrio, unipessoal, Lda., Palmela
Bawaria Motors Sp. z o.o., Warsaw
Beijing Junbaojie Automobile Trade Co., Ltd., Beijing
Bentley Insurance Services Ltd., Crewe
Bentley Motor Cars, Inc., Boston
Bentley Motor Export Services Ltd., Crewe
Bohemia Motors Sp. z o.o., Falenty
Call Services S.A.S., Chasseneuil-du-Poitou
Caribbean Power Application, S.L., Madrid
Cariviera S.A.S., Nice
Carlier Automobiles S.A.S., Lambres-Lez-Douai
Carrosserie 16 S.A.R.L., Champniers
Centrales Diesel Export S.A.S., Villepinte
Centre Automobile De La Riviera Car S.A.S., Nice
Centro Usato Sangallo S.r.l., Florence
Cofia S.A., Paris
COFICAL RENK Mancais do Brasil Ltda., Guaramirim
Cofora Ellada S.A., Athens
Cofora Polska Sp. z o.o., Warsaw
Dalegrid Ltd., Reading
Delta Invest Sp. z o.o., Warsaw
Diffusion Automobile Lilleroise (DAL) S.A.R.L., Hnin-Beaumont
Dispro S.A.S., Poitiers
Ducati Canada, Inc., Saint John/New Brunswick
DUCATI DO BRASIL INDUSTRIA E COMERCIO DE MOTOCICLETAS LTDA., So Paulo
e4t electronics for transportation s.r.o., Prague
ERF (Holdings) plc, Swindon
Etablissements A. Cachera S.A.R.L., Oignies
European Engineering Enterprise S.R.L., in liquidation, Turin
EVDAK TOV, Kiev
Fifty Two Ltd., Stockport
FM-Motors SAS, Villeneuve-d'Ascq
FM-Motors Villeneuve d'Ascq SAS, Villeneuve-d'Ascq
Fondazione Ducati, Bologna
Grand Garage de la route de Dunkerque S.A.S., Gravlines
H. J. Mulliner & Co. Ltd., Crewe
Hangzhou Jiejun Automobiles Sales and Service Co., Ltd, Hangzhou
Huzhou Junbaohang Automobile Sales and Service Co., Ltd., Huzhou
HV Developpement Belgique SPRL, Marquain
INIS International Insurance Service s.r.o., Mlad Boleslav
Instituto para Formacin y Desarollo Volkswagen, S.C., Puebla/Pue.
InterRent Biluthyrning AB, Sdertlje
Italdesign Giugiaro Barcelona S.L., Barcelona
Italdesign-Giugiaro Berci S.a.s., in liquidation, Paris
Jacques Duverney Evian S.A.R.L., Evian-les-Bains
Jiaxing Jiejun Automobile Sales & Service Co., Ltd., Jiaxing
LAM d.o.o., Velika Gorica
Lamina Auto Sp. z o.o., Piaseczno
Lion Motors Sp. z o.o., Piaseczno
LKW Komponenten s.r.o., Bnovce nad Bebravou
MAN Diesel & Turbo Argentina S.A., Buenos Aires
MAN Diesel & Turbo Bulgaria EOOD, Varna
MAN Diesel & Turbo Canarias S.L., Las Palmas
MAN Diesel & Turbo Chile Limitada, Valparaso
MAN Diesel & Turbo Costa Rica Limitada, San Jos
MAN Diesel & Turbo Guatemala Ltda., Guatemala City
MAN Diesel & Turbo Italia S.r.l., Genoa
MAN Diesel & Turbo Japan Ltd., Kobe
MAN Diesel & Turbo Jordan Limited Liability Company, Aqaba
MAN Diesel & Turbo Kenya Ltd., Nairobi
MAN Diesel & Turbo Latvia SIA, Riga
MAN Diesel & Turbo Malaysia Sdn. Bhd., Kuala Lumpur
MAN Diesel & Turbo Norge A/S, Oslo
MAN Diesel & Turbo Panama Enterprises Inc., Panama City
MAN Diesel & Turbo Philippines Inc., Manila
MAN Diesel & Turbo Poland Sp. z o.o., Gdansk
MAN Diesel & Turbo Portugal, Unipessoal, Lda., Setbal
MAN Diesel & Turbo Qatar Navigation LLC, Doha
MAN Diesel & Turbo Sverige AB, Gothenburg
MAN Diesel Electrical Services Ltd., Essex
MAN Diesel Services Ltd., Stockport
MAN Diesel Turbochargers Shanghai Co. Ltd., Shanghai
MAN Diesel ve Turbo Satis Servis Limited Sirketi, Istanbul
BRL
EUR
MXN
EUR
EUR
EUR
EUR
BRL
EUR
EUR
EUR
EUR
EUR
PLN
CNY
GBP
USD
GBP
PLN
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
BRL
EUR
PLN
GBP
PLN
EUR
EUR
CAD
BRL
CZK
GBP
EUR
EUR
UAH
GBP
EUR
EUR
EUR
EUR
GBP
CNY
CNY
EUR
CZK
MXN
SEK
EUR
EUR
EUR
CNY
HRK
PLN
PLN
EUR
ARS
BGN
EUR
CLP
CRC
GTQ
EUR
JPY
JOD
KES
LVL
MYR
NOK
USD
PHP
PLN
EUR
QAR
SEK
GBP
GBP
CNY
TRY
70,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
50,20
100,00
100,00
100,00
100,00
100,00
98,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
49,00
100,00
100,00
100,00
100,00
100,00
49,00
100,00
100,00
100,00
100,00
100,00
70,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
50,20
100,00
100,00
100,00
100,00
100,00
98,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
49,00
100,00
100,00
100,00
100,00
100,00
49,00
100,00
100,00
100,00
100,00
100,00
1.423
125.149
24.334
190
438
100
2.810
479
3.793
618
32.297
221
315
410
2.693
224
1.499
66
179
1.583
52.633
1.531
0
19.013
148
638
306
27.192
16.242
5.132
0
352
12.503
5.841
604
-
-271
42.452
0
98
21
-1.384
-27
969
734
243
1.064
178
7.885
132
85
-443
-19
244
0
28
-127
-3.628
0
-6.511
-5
456
0
11.044
51
-247
-75
18
5
21.692
2.605
0
0
47
483
375
-469
-
2,7036
2,7036
17,1845
2,7036
4,0740
8,2207
0,8161
1,3194
0,8161
4,0740
2,7036
4,0740
0,8161
4,0740
1,3137
2,7036
25,1510
0,8161
10,6875
0,8161
0,8161
8,2207
8,2207
25,1510
17,1845
8,5820
8,2207
7,5575
4,0740
4,0740
6,4840
1,9558
631,4900
676,0700
10,4240
113,6100
0,9361
113,5600
0,6977
4,0347
7,3483
1,3188
54,1070
4,0740
4,8021
8,5820
0,8161
0,8161
8,2207
2,3551
Footnote
Year
5)
2012
2011
2010
2011
7)
2011
2011
2011
2011
2011
6)
6)
5)
5)
5)
6)
7)
7)
7)
6)
5)
2)
5)
7)
7)
7)
5)
6)
6)
5)
2)
6)
6)
5)
5)
5)
2011
2012
2012
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2012
2011
2012
2011
2012
2011
2012
2011
2012
2011
2012
2011
2011
2012
2011
2011
2011
2012
2012
2011
2012
2011
2011
2011
2012
2012
2012
2012
2011
2011
2012
2012
2011
2011
2011
2012
2012
2009
2011
2012
2011
2011
2011
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
Exchange
rate
(1 = )
MAN Iran Power Sherkate Sahami Khass, Tehran

MAN IT Services sterreich GesmbH, Steyr
MAN Latin America Importacao, Industria e Comrcio de Veculos Ltda., So Paulo
MAN Properties (Midrand) (Pty.) Ltd., Midrand
MAN Properties (Pinetown) (Pty.) Ltd., Pinetown
MAN Properties (Pty.) Ltd., Johannesburg
MAN Truck & Bus (M) Sdn. Bhd., Rawang
MAN Truck & Bus Singapore Pte. Ltd., Singapore
MAN Truck and Bus pvt. Ltd., Mumbai
MAN Turbo (UK) Limited, London
MB Motors Sp. z o.o., Piaseczno
MBC Mobile Bridges Corp., Houston, Texas
Metalock Denmark A/S, Copenhagen
Mirrlees Blackstone Ltd., Stockport
Mdulos Automotivos do Brasil Ltda., So Jos dos Pinhais
MULTIMARCAS CORRETORA DE SEGUROS S/S LTDA., So Paulo
Multi-Services Autos Chat. S.A.S., Chatellerault
Nard Technical Center SrL, Nard
NIRA Dynamics AB, Linkping
OOO Automotive Components International RUS, Kaluga
OOO MAN Diesel & Turbo Rus, Moscow
OOO Volkswagen Bank RUS, Moscow
OOO Volkswagen Financial Services RUS, Moscow
OOO Volkswagen Group Finanz, Moscow
PAIG (China) Automobile Investment Co., Ltd., Hangzhou
Park Ward & Co. Ltd., Crewe
Park Ward Motors Inc., Boston
Paul Kroely Sport 54 S.A.S., Laxou
Paul Kroely Wolfsburg Toul S.A.R.L., Laxou
Paxman Diesels Ltd., Stockport
PCK TOV, Kiev
PGA Ellada E.P.E., Athens
PGA Polska Sp. z o.o., Warsaw
Polygone Tomblaine S.A.S., Tomblaine
Porsche Austria Gesellschaft m.b.H., Salzburg
Porsche Chile SpA, Santiago de Chile
Porsche Colombia S.A.S., Bogot
Porsche Design Asia Hongkong Ltd., Hong Kong
Porsche Group S.R.L., Voluntari
Porsche Immobilien Ukraine TOV, Kiev
Porsche Inter Auto Polska Sp. z o.o., Warsaw
Porsche Inter Auto Ukraine TOV, Kiev
Porsche Kosova Sh.p.k., Pristina
Porsche Movilidad Colombia S.A.S., Bogot
Porsche Pensionskasse AG, Salzburg
Porsche Retail GmbH, Salzburg
Porsche System Engineering Ltd., Zurich
Privas Automobiles SNC, Coux
PT MAN Diesel & Turbo Indonesia, Jakarta
PUTT ESTATES (PROPRIETARY) LIMITED, Upington
Railway Mine & Plantation Equipment Ltd., London
RENK (UK) Ltd., London
RENK Transmisyon Sanayi A.S., Istanbul
Riviera Technic S.A.S., Mougins
Ruston & Hornsby Ltd., Stockport
Ruston Diesels Ltd., Stockport
S.A.R.L. Garage du Rond Point, Courrires
S.A.R.L. Lys Contrle, Nieppe
S.A.R.L. Mondial Diffusion, Roncq
S.A.R.L. Premium BUC, Buc
S.A.R.L. SV Auto, Sauz Vaussais
S.A.S. Premium Velizy, Hellemmes
Saint Marcellin Automobiles S.A.R.L., Saint Marcellin
SCA Vision, Chasseneuil-du-Poitou
Scania-MAN Administration A.p.S., Frederiksberg
SEAT Center Arrbida - Automveis, Lda., Setbal
Seat Saint-Martin S.A.S., Paris
SEAT Sport S.A., Martorell
SERGO ARHKON TOV, Kiev
Shanghai Zhenlang Transportation Equipment Leasing Company Limited, Shanghai
SNC ABCIS Clermont, Fitz-James
SNC Grands Garages de Provence-Garage Central, Les Angles
SNC Stylauto 79, Niort
SNC Stylauto 86, Poitiers
SNC Sud Berry Auto, Argenton-sur-Creuse
Socit des Etablissements Michel Saint Aubin S.A.R.L., Ste Maure de Tourraine
Socit d'Exploitation du Garage Lacoste, S.A.S., Serres Castet
SOCIT IMMOBILIRE AUDI SARL, Paris
Solovi S.A.S., Saint Jean d'Angely
Sonauto Accessoires S.A., Cergy-Pontoise
Suzhou Jie Jun Automobile Trading Co., Ltd., Suzhou
VAREC Ltd., Tokyo
Villers Services Center S.A.S., Paris
Vingerhoets Automobielbedrijven B.V., Diessen
Vingerhoets Automobielbedrijven Tilburg B.V., Tilburg
Vingerhoets Automobielbedrijven Waalwijk B.V., Waalwijk
VOLKSWAGEN Automatic Transmission (Tianjin) Co., Ltd., Tianjin
VOLKSWAGEN CORRETORA DE SEGUROS LTDA., So Paulo
VOLKSWAGEN FINANCE PRIVATE LIMITED, Mumbai
Volkswagen Financial Services Korea Co., Ltd., Seoul
Volkswagen Financial Services Schweiz AG, Wallisellen
VOLKSWAGEN FINANCIAL SERVICES SINGAPORE LTD., Singapore
Volkswagen Financial Services Taiwan LTD., Taipei
VOLKSWAGEN Finann sluby Maklrska s.r.o., Bratislava
Volkswagen Group Hong Kong Ltd., Hong Kong
IRR
EUR
BRL
ZAR
ZAR
ZAR
MYR
EUR
INR
GBP
PLN
USD
DKK
GBP
BRL
BRL
EUR
EUR
SEK
RUB
RUB
RUB
RUB
RUB
CNY
GBP
USD
EUR
EUR
GBP
UAH
EUR
PLN
EUR
EUR
CLP
COP
HKD
RON
UAH
PLN
UAH
EUR
COP
EUR
EUR
CHF
EUR
IDR
ZAR
GBP
GBP
TRY
EUR
GBP
GBP
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
DKK
EUR
EUR
EUR
UAH
CNY
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
CNY
JPY
EUR
EUR
EUR
EUR
CNY
BRL
INR
KRW
CHF
SGD
TWD
EUR
HKD
16.190,0000
Volkswagen Group Insurance and Risk Management Services Ltd., in liquidation, Milton
Keynes
GBP
VW AG's interest
in capital in %
Direct
Indirect
Total
Equity
in thousands,
local currency
Profit/loss
in thousands,
local currency
Footnote
10,2260
96,00
100,00
100,00
100,00
100,00
100,00
70,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
99,98
100,00
100,00
94,66
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
92,62
100,00
100,00
100,00
55,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
96,00
100,00
100,00
100,00
100,00
100,00
70,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
99,98
100,00
100,00
94,66
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
92,62
100,00
100,00
100,00
55,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
6.306
19
468
4.500
50.715
9.297
3.592.313
469.134
449.821
28.646
867
21.659
37
120.000
39
62.955
6.461
2.428
32
5.365
192
2.566
1.506
15
76
491
78
47
362
1.421
80
312
173
1.782
13
423
10
247
57
524
876
17.905
167
183
37.327
204.101
91
11.706
549.677
26.231.000
3.616
2.324
258.676
1.951
-
-617
4.108
19
1.300
13.721
-72
-151.316
89.899
121.159
-91
615
4.807
0
0
-14.801
0
4.285
5.480
53
28
-1
433
59
770
297
-21
8
38
37
13
-3
13
-3
0
-215
-175
-2.198
-598
1
135
3
4
7
-65
-32
121
-1
32
-762
38.585
6
5.775
-175.407
-5.969.000
327
847
38.394
1.944
-
0,8161
100,00
100,00
2,7036
11,1727
11,1727
11,1727
4,0347
1,6111
72,5600
0,8161
4,0740
1,3194
7,4610
0,8161
2,7036
2,7036
8,5820
40,3295
40,3295
40,3295
40,3295
40,3295
8,2207
0,8161
1,3194
0,8161
10,6875
4,0740
631,4900
2.331,0000
10,2260
4,4445
10,6875
4,0740
10,6875
2.331,0000
1,2072
12.713,9700
11,1727
0,8161
0,8161
2,3551
0,8161
0,8161
10,6875
8,2207
8,2207
113,6100
8,2207
2,7036
72,5600
1.406,2300
1,2072
1,6111
38,3200
Year
12)
6)
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2011
2012
2012
2012
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2012
2011
2011
2012
2012
2012
2011
2011
2011
2012
2011
2012
2011
2012
2011
2011
2012
2011
2011
2012
2011
2011
2011
2011
2012
2012
2012
2012
2012
2011
2012
2012
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2011
2011
2011
2012
2012
2012
2012
2011
2011
2011
2011
2011
2011
2011
2012
2) 5)
2011
5)
6)
5)
5)
5)
5)
5)
5)
7)
5)
12)
6)
5)
5)
7)
7)
5)
7)
6)
4) 6)
7) 14)
6)
3)
5)
5)
5)
5)
7)
7)
7)
7)
7)
6)
3)
Exchange
rate
(1 = )
Volkswagen Group Latin America, Inc., Miami, Florida

Volkswagen Group Malaysia Sdn. Bhd., Kuala Lumpur
VOLKSWAGEN GROUP MILANO S.R.L., Milan
Volkswagen Group Pension Scheme Trustee Ltd., Milton Keynes
Volkswagen Group Singapore Pte. Ltd., Singapore
Volkswagen Grundbesitz GmbH, Salzburg
Volkswagen Hong Kong Co. Ltd., Hong Kong
Volkswagen Insurance Company Ltd., Dublin
VOLKSWAGEN INSURANCE SERVICE LTD., Milton Keynes
VOLKSWAGEN INSURANCE SERVICES, CORREDURIA DE SEGUROS, S.L., Barcelona
Volkswagen International Insurance Agency Co. Limited, Taipei
USD
MYR
EUR
GBP
SGD
EUR
HKD
EUR
GBP
EUR
TWD
Volkswagen Logistics Prestao de Servios de Logstica e Transporte Ltda., Sa

Bernardo do Campo
Volkswagen New Mobility Services Consulting (Beijing) Co., Ltd., Beijing
Volkswagen New Mobility Services Investment Co., Ltd., Beijing
Volkswagen Passenger Cars Malaysia Sdn. Bhd., Kuala Lumpur
VOLKSWAGEN SARAJEVO, d.o.o., Vogoa
Volkswagen Servicios de Administracin de Personal, S.A. de C.V., Puebla
VOLKSWAGEN SERVICIOS SA DE CV, Puebla
VOLKSWAGEN SERWIS UBEZPIECZENIOWY SP. Z O.O., Warsaw
1,3194
4,0347
VW AG's interest
in capital in %
Direct
Indirect
Total
Equity
in thousands,
local currency
Profit/loss
in thousands,
local currency
38,3200
100,00
-
100,00
100,00
100,00
100,00
100,00
89,44
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
89,44
100,00
100,00
100,00
100,00
42.074
31
24.456
3.412
24.882
33.036
981
2.833
-
890
11.281
-166
5.323
-27
22.602
4.038
893
2.442
-
BRL
CNY
CNY
MYR
BAM
MXN
MXN
PLN
2,7036
8,2207
8,2207
4,0347
1,9558
17,1845
17,1845
4,0740
58,00
-
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
100,00
58,00
100,00
100,00
100,00
13.814
39.686
36.490
4.393
18.118
5.384
-5.310
1.256
6.444
8.183
18.068
VWT Participaes Ltda. - Participaes em Outras Sociedades e Prestao de Servios

em Geral, Sa Bernardo do Campo
BRL
2,7036
100,00
100,00
5.117
2.885
III. JOINT VENTURES

A. Equity-accounted companies
1. Germany
IAV GmbH Ingenieurgesellschaft Auto und Verkehr, Berlin
EUR
50,00
50,00
77.237
16.235
2. International
Cummins-Scania XPI Manufacturing L.L.C., Columbus
DFM Master S.A., Luxembourg
DFM N.V., Amersfoort
D'Ieteren Lease S.A., Elsene
DutchLease B.V., Amersfoort
FAW-Volkswagen Automotive Company, Ltd., Changchun
Global Mobility Holding B.V., Amsterdam
Lease + B.V., Amersfoort
Lease+Balans B.V., Amersfoort
LeasePlan Corporation N.V., Amsterdam
MAN Financial Services SA (Pty) Ltd, Johannesburg
Midland Beheer B.V., Amersfoort
Oppland Tungbilservice AS, Fagernes
P.Z. Auto d.o.o., Zagreb
SAIC-VOLKSWAGEN Sales Company Ltd., Shanghai
Shanghai Volkswagen Powertrain Company Ltd., Shanghai
Shanghai-Volkswagen Automotive Company Ltd., Shanghai
Stichting DFM Vehicle Loans Securitisation 2005, Amsterdam
Tynset Diesel AS, Tynset
VDF FAKTORING HIZMETLERI A.S., Istanbul
VDF SERVIS VE TICARET A.S., Istanbul
VDF SIGORTA ARACILIK HIZMETLERI A.S., Istanbul
VOLKSWAGEN D'IETEREN FINANCE S.A., Brussels
VOLKSWAGEN DOGUS TKETICI FINANSMANI ANONIM SIRKETI, Maslak-Istanbul
VOLKSWAGEN FAW Engine (Dalian) Co., Ltd., Dalian
Volkswagen FAW Platform Company Ltd., Changchun
Volkswagen Leasing B.V., Amersfoort
Volkswagen Pon Financial Services B.V., Amersfoort
VOLKSWAGEN Transmission (Shanghai) Company Ltd., Shanghai
USD
EUR
EUR
EUR
EUR
CNY
EUR
EUR
EUR
EUR
ZAR
EUR
NOK
HRK
CNY
CNY
CNY
EUR
NOK
TRY
TRY
TRY
EUR
TRY
CNY
CNY
EUR
EUR
CNY
20,00
40,00
-
50,00
100,00
100,00
100,00
20,00
50,00
100,00
100,00
50,00
100,00
50,00
50,00
30,00
60,00
10,00
50,00
100,00
51,00
99,99
50,00
51,00
60,00
60,00
100,00
60,00
60,00
50,00
100,00
100,00
100,00
40,00
50,00
100,00
100,00
9)
50,00
100,00
50,00
50,00
30,00
60,00
50,00
50,00
100,00
51,00
99,99
50,00
51,00
60,00
60,00
100,00
60,00
60,00
118.200
31
49.664.316
2.090.405
2.153.884
3.275
110.943
565.563
2.450.006
32.119.014
4.280
8.272
10.318
5.139
72.868
2.464.060
689.888
218.271
724.746
4.790
30.751.615
4.840
224.741
2.064
32.333
140.540
477.335
16.960.279
1.140
662
3.686
4.514
8.425
748.604
111.779
28.850
126.402
B. Companies accounted for at cost

1. Germany
e.solutions GmbH, Ingolstadt
Elektronische Fahrwerksysteme GmbH, Ingolstadt
Objekt Audi Zentrum Berlin-Charlottenburg Verwaltungsgesellschaft mbH, Berlin
Objektgesellschaft Audi Zentrum Berlin-Charlottenburg mbH & Co. KG, Berlin
PMDTechnologies GmbH, Siegen
VOLKSWAGEN VARTA Microbattery Forschungsgesellschaft mbH & Co. KG, Ellwangen
VOLKSWAGEN VARTA Microbattery Verwaltungsgesellschaft mbH, Ellwangen
Wolfsburg AG, Wolfsburg
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
50,00
49,00
49,00
50,00
50,00
50,00
50,00
50,00
-
49,00
49,00
50,00
50,00
50,00
50,00
50,00
50,00
3.046
1.813
67
5.154
4.302
9.939
28
50.712
786
747
2
475
-1.871
-3.558
2
3.465
2. International
Amer Assurantien B.V., Amersfoort
Central Elctrica Anhangera Ltda., So Paulo
Central Elctrica Monjolinho Ltda., So Paulo
DFM Verzekeringen B.V., Diemen
Material Science Center Qatar QSTP-LLC, Doha
SITECH Dongchang Automotive Seating Technology, Ltd., Shanghai
SKO-ENERGO s.r.o., Mlad Boleslav
SKO-ENERGO-FIN s.r.o., Mlad Boleslav
Sturups Bilservice AB, Malm
Trio Bilservice AB, Vsters
V.V.S. Assuradeuren B.V., Amersfoort
Volkswagen Beijing Center Company Ltd., Beijing
VOLKSWAGEN MLLER BILFINANS AS, Oslo
VVS Verzekerings-Service N.V., Amersfoort
EUR
BRL
BRL
EUR
QAR
CNY
CZK
CZK
SEK
SEK
EUR
CNY
NOK
EUR
25,00
-
100,00
40,00
51,00
100,00
25,00
60,00
67,00
52,50
50,00
33,33
100,00
70,00
51,00
60,00
100,00
40,00
51,00
100,00
50,00
60,00
67,00
52,50
50,00
33,33
100,00
70,00
51,00
60,00
20.765
222.032
58.754
998.109
299.580
131
71.912
608.460
1.325
2.632
101.873
2.170
299.166
6.121
0
17.434
26.371
1.098
IV. ASSOCIATES
A. Equity-accounted associates
1. Germany
Autoport Emden GmbH, Emden
Hrmann Automotive Gustavsburg GmbH, Ginsheim-Gustavsburg
Rheinmetall MAN Military Vehicles GmbH, Munich
EUR
EUR
EUR
33,33
40,00
49,00
33,33
40,00
49,00
86
17.887
66.666
9
6.450
2.488
2. International
Atlas Power Ltd., Karachi
Bits Data i Sdertlje AB, Sdertlje
Cummins-Scania high pressure injection L.L.C., Columbus
PKR
SEK
USD
33,54
33,00
30,00
33,54
33,00
30,00
8.004.100
20.824
7.588
1.355.896
1.890
6
0,8161
1,6111
10,2260
0,8161
1,3194
8,2207
11,1727
7,3483
7,5575
8,2207
8,2207
8,2207
7,3483
2,3551
2,3551
2,3551
2,3551
8,2207
8,2207
8,2207
2,7036
2,7036
4,8021
8,2207
25,1510
25,1510
8,5820
8,5820
8,2207
7,3483
128,2900
8,5820
1,3194
Footnote
5)
4)
6)
4)
4)
5)
Year
2011
2011
2012
2011
2011
2011
2011
2011
2011
2011
2011
2011
2012
2011
2011
2011
2011
2011
2011
2010
2011
18)
11)
7)
11)
12)
12)
11)
11)
12)
11)
18)
4)
11)
10)
2011
2012
2011
2012
2011
2012
2011
2011
2011
2011
2012
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2012
2012
2011
2011
2011
2011
11)
12)
10)
2011
2011
2012
2011
2012
2011
2011
2011
2011
2011
2011
2011
2011
2011
14)
2011
2011
2011
11)
6)
11)
3)
2012
2011
2011
Exchange
rate
(1 = )
H.R. Owen Plc., London

JV MAN AUTO - Uzbekistan Limited Liability Company, Samarkand City
Lax Specialvehicles AB, Lax
OOO EURO-Leasing RUS, Ryazan
Scamadrid S.A., Madrid
ScaValencia, S.A., Valencia
Sinotruk (Hong Kong) Limited, Hong Kong
GBP
UZS
SEK
RUB
EUR
EUR
HKD
B. Associates accounted for at cost

1. Germany
Abgaszentrum der Automobilindustrie (GbR), Weissach
Fahrzeugteile Service-Zentrum Mellendorf GmbH, Wedemark (Mellendorf)
GVZ Entwicklungsgesellschaft Wolfsburg mbH, Wolfsburg
Theater der Stadt Wolfsburg GmbH, Wolfsburg
WTH AG, Wolfsburg
0,8161
2.617,4900
8,5820
40,3295
VW AG's interest
in capital in %
Direct
Indirect
Total
Equity
in thousands,
local currency
Profit/loss
in thousands,
local currency
Footnote
Year
10) 12)
2011
2011
2011
2012
2011
2011
2011
27,91
49,00
30,00
60,00
49,00
26,00
25,00
27,91
49,00
30,00
60,00
49,00
26,00
25,00
11.664
34.460.399
19.997
4.358
10.070
20.568.600
560
4.599.457
11.049
-287
968
1.168.322
EUR
EUR
EUR
EUR
EUR
26,00
25,40
-
23,70
30,81
22,95
49,70
30,81
25,40
22,95
952
2.084
124
62
439
224
0
-4
2. International
Frontignan Entretien Rparation et Vente Automobile S.A.R.L., Frontignan
Guyonnet Duperat Automobile (GDA) S.A.R.L., Ruffec
Libert Automobile Holding SARL, Artiguelouve
Model Master S.p.A., Moncalieri
Servicios Especiales de Ventas Automotrices, S.A. de C.V., Mexico City/D.F.
Smart Material Corp., Sarasota (Florida)
Socit en Participation Brume, Potiers
TAS Tvornica Automobila Sarajevo d.o.o., in liquidation, Vogoa
Verdun-Aix S.A.S., Aix-en-Provence
EUR
EUR
EUR
EUR
MXN
USD
EUR
BAM
EUR
50,00
-
33,33
34,01
24,90
40,00
25,00
24,90
50,00
20,00
33,33
34,01
24,90
40,00
25,00
24,90
50,00
50,00
20,00
76
444
278
4.790
62.329
924
-
15
-42
-32
45
2.763
-414
-
V. OTHER EQUITY INVESTMENTS

1. Germany
August Horch Museum Zwickau GmbH, Zwickau
Bertrandt AG, Ehningen
Coburger Nutzfahrzeuge Service GmbH, in liquidation, Coburg
FC Bayern Mnchen AG, Munich
FFK Fahrzeugservice Frtsch GmbH, Kronach
GIF Gewerbe- und Industriepark Bad Friedrichshall GmbH, Bad Friedrichshall
GKH Gemeinschaftskraftwerk Hannover GmbH, Hanover
EUR
EUR
EUR
EUR
EUR
EUR
EUR
50,00
25,01
30,00
9,09
30,00
30,00
15,30
50,00
25,01
30,00
9,09
30,00
30,00
15,30
861
159.439
248.700
3.579
10.226
34
40.438
11.100
480
-
Grundstcksverwaltungsgesellschaft EURO-Leasing GmbH, Matthias Hinners und Helge

Richter GbR, Sittensen
EUR
50,00
50,00
2012
LGI Logistikzentrum im Gterverkehrszentrum Ingolstadt Betreibergesellschaft mbH,

Ingolstadt
MOST Cooperation GbR, Karlsruhe
MTC Marine Training Center Hamburg GmbH, Hamburg
NEULAND Wohnungsgesellschaft mbH, Wolfsburg
Niederschsische Gesellschaft zur Endablagerung von Sonderabfall mbH, Hanover
PAKT Zukunft Heilbronn-Franken gGmbH, Heilbronn
PosernConnect GmbH, Sittensen
Roland Holding GmbH, Munich
SGL Carbon SE, Wiesbaden
Verwaltungsgesellschaft Wasseralfingen mbH, Aalen
Volkswagen AG Preussen Elektra AG OHG, Wolfsburg
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
10,00
9,95
-
50,00
20,00
24,83
20,00
20,00
49,00
22,83
50,00
-
50,00
20,00
24,83
20,00
10,00
20,00
49,00
22,83
9,95
50,00
-
982
397
83.148
9.847
324
964.968
-
929
3
5.817
1.204
-125
3.600
-
2011
2011
2012
2011
2011
2011
2012
2012
2011
2012
2011
2. International
GYR-PR REPLTER Kft., Gyr
Neoplan Ghana Ltd., Kumasi
RENK U.A.E. LLC, Abu Dhabi
Scavino S.r.l., Alba
Suzuki Motor Corporation, Hamamatsu, Shizuoka
TTTech Computertechnik AG, Vienna
HUF
GHS
AED
EUR
JPY
EUR
19,89
-
47,86
45,00
49,00
30,00
24,99
47,86
45,00
49,00
30,00
19,89
24,99
125.149
674.684.000
24.135
42.452
15.846.000
3.315
10,2260
17,1845
1,3194
1,9558
292,3000
2,5119
4,8443
113,6100
1) Profit and loss transfer agreement.

2) In liquidation.
3) Different fiscal year.
4) Short fiscal year.
5) Currently not trading.
6) Newly established company.
7) Newly acquired company.
8) Commenced operations in 2012.
9) Global Mobility Holding B.V., Amsterdam holds a 100% interest in LeasePlan Corporation N.V., Amsterdam.
10) Consolidated financial statements.
11) Figures are contained in the consolidated financial statements of the parent company.
12) Figures in accordance with IFRSs.
13) Profit and loss transfer agreement as from 2012.
14) Merger.
15) Newly acquired company/newly established company in the previous year.
16) Special purpose entity included in the consolidated financial statements in accordance with IAS 27/SIC-12 although no equity interest is held.
17) Liquidation resolution adopted.
18) Special purpose entity included in Volkswagen Pon Financial Services B.V.'s consolidated financial statements in accordance with IAS 27/SIC-12 although no equity interest is held.
VOLKSWAGEN AG is the general partner of the following companies:
1. Abgaszentrum der Automobilindustrie (GbR), Weissach
2. LOCATOR Grundstcks-Vermietungsgesellschaft mbH und Volkswagen AG in GbR, Pullach
3. PDB - Partnership for Dummy Technology and Biomechanics (GbR), Ingolstadt
4. Volkswagen AG Preussen Elektra AG OHG, Wolfsburg
5. Volkswagen Logistics GmbH & Co. OHG, Wolfsburg
3) 4)
3)
2) 5)
7)
3) 7)
2) 5)
3)
1)
7)
3)
2012
2012
2011
2011
2010
2011
2011
2011
2011
2011
2011
2011
2011
2012
2011
2012
2012
2012
2012
2011
2011
2012
2012
2012
2012
2012
2011
Published by:
Volkswagen Aktiengesellschaft
Finanzpublizitt
Brieffach 1848/2
38436 Wolfsburg
Phone +49 5361 9-0
Fax +49 5361 9-28282
ISSN 358.809.543.20

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VOLKSWAGEN

Name and domicile of company

LOCATOR Grundstcks-Vermietungsgesellschaft mbH und Volkswagen AG in GbR,

Mieschke, Hofmann und Partner Gesellschaft fr Management- und IT-Beratung mbH,

Name and domicile of company

Porsche Niederlassung Hamburg GmbH, Hamburg

Volim Volkswagen Immobilien Vermietgesellschaft fr VW-/Audi-Hndlerbetriebe mbH,

Name and domicile of company

Audi of America, LLC, Herndon, Virginia

Driver Brasil Banco Volkswagen Fundo de Investimento em Direitos Creditrios

Name and domicile of company

Name and domicile of company

Name and domicile of company

Name and domicile of company

Name and domicile of company

Name and domicile of company

Name and domicile of company

Name and domicile of company

Volkswagen Navarra, S.A., Polgono de Landaben, s/n, Arazur (Navarre)

Name and domicile of company

VWL Funding 2008-1 GmbH, Braunschweig

ASSIVALO PRESTAO DE SERVIOS AUXILIARES DO SETOR DE SEGUROS

Name and domicile of company

MAN Iran Power Sherkate Sahami Khass, Tehran

Name and domicile of company

Volkswagen Group Latin America, Inc., Miami, Florida

Volkswagen Logistics Prestao de Servios de Logstica e Transporte Ltda., Sa

VWT Participaes Ltda. - Participaes em Outras Sociedades e Prestao de Servios

III. JOINT VENTURES

B. Companies accounted for at cost

Name and domicile of company

H.R. Owen Plc., London

B. Associates accounted for at cost

V. OTHER EQUITY INVESTMENTS

Grundstcksverwaltungsgesellschaft EURO-Leasing GmbH, Matthias Hinners und Helge

LGI Logistikzentrum im Gterverkehrszentrum Ingolstadt Betreibergesellschaft mbH,

1) Profit and loss transfer agreement.

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