1 Sales revenue

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STRUCTURE OF GROUP SALES REVENUE 20181

€ million

 

Passenger Cars and Light Commercial Vehicles

 

Commercial Vehicles

 

Power Engineering

 

Financial Services

 

Total Segments

 

Recon­ciliation

 

Volkswagen Group

1

Since January 1, 2019, sales revenue from the sale of light commercial vehicles of the Volkswagen Commercial Vehicles brand has not been reported in the Commercial Vehicles segment. The prior-year figures have been adjusted accordingly.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vehicles

 

141,339

 

16,035

 

 

 

157,374

 

−10,548

 

146,826

Genuine parts

 

12,703

 

3,316

 

 

 

16,019

 

−100

 

15,919

Used vehicles and third-party products

 

11,776

 

1,387

 

 

 

13,163

 

−609

 

12,554

Engines, powertrains and parts deliveries

 

11,773

 

676

 

 

 

12,449

 

−9

 

12,440

Power Engineering

 

 

 

3,608

 

 

3,608

 

−3

 

3,605

Motorcycles

 

582

 

 

 

 

582

 

 

582

Leasing business

 

889

 

1,651

 

 

26,667

 

29,207

 

−4,200

 

25,006

Interest and similar income

 

230

 

6

 

 

7,302

 

7,537

 

−187

 

7,351

Hedges sales revenue

 

1,440

 

12

 

 

 

1,451

 

83

 

1,535

Other sales revenue

 

8,776

 

1,699

 

 

814

 

11,289

 

−1,258

 

10,031

 

 

189,508

 

24,781

 

3,608

 

34,782

 

252,680

 

−16,830

 

235,849

  (XLS:) Download

STRUCTURE OF GROUP SALES REVENUE 2019

€ million

 

Passenger Cars and Light Commercial Vehicles

 

Commercial Vehicles

 

Power Engineering

 

Financial Services

 

Total Segments

 

Reconciliation

 

Volkswagen Group

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vehicles

 

154,377

 

17,387

 

 

 

171,764

 

−14,552

 

157,212

Genuine parts

 

13,329

 

3,464

 

 

 

16,793

 

−117

 

16,676

Used vehicles and third-party products

 

12,583

 

1,415

 

 

 

13,997

 

−549

 

13,449

Engines, powertrains and parts deliveries

 

11,496

 

641

 

 

 

12,137

 

−21

 

12,116

Power Engineering

 

 

 

3,997

 

 

3,997

 

−2

 

3,994

Motorcycles

 

603

 

 

 

 

603

 

0

 

603

Leasing business

 

986

 

1,735

 

0

 

30,795

 

33,517

 

−4,370

 

29,147

Interest and similar income

 

235

 

5

 

 

8,031

 

8,271

 

−205

 

8,066

Hedges sales revenue

 

−143

 

−18

 

 

0

 

−161

 

171

 

11

Other sales revenue

 

8,808

 

1,814

 

 

1,334

 

11,956

 

−597

 

11,359

 

 

202,273

 

26,444

 

3,997

 

40,160

 

272,875

 

−20,242

 

252,632

For segment reporting purposes, the sales revenue of the Group is presented by segment and market.

Other sales revenue comprises revenue from workshop services and license revenue, among other things.

Of the sales revenue recognized in the period under review, an amount of €6,333 million was included in contract liabilities as of January 1, 2019.

€359 million (previous year: €667 million) of the sales revenue recognized in the period under review is attributable to performance obligations satisfied in a prior period.

In addition to existing performance obligations of €3,967 million (previous year: €3,614 million) in the Power Engineering segment, most of which are expected to be satisfied or for which sales revenue is expected to be recognized by December 31, 2020, the vast majority of the Volkswagen Group’s performance obligations that are unsatisfied as of the reporting date relate to vehicle deliveries. Most of these deliveries had already been made at the time this report was prepared, or will be made in the first quarter of 2020. The calculation of the amounts for the Power Engineering Business Area took account of both contracts with a term of more than one year and service contracts under which the Volkswagen Group realizes sales revenue in exactly the same amount as the customer benefits from the provision of services by the Company. In the case of variable consideration, sales revenue is only recognized to the extent that there is reasonable assurance that this sales revenue will not subsequently have to be reversed or adjusted downward.