Volkswagen

bookkeeping

Isa Wanink
Valerie Schuttenbelt
Daan Hilderink
Nienke Ozinga
1. Categorize the expenses on the income statement in operating, overhead and fixed charges.

Operating charges Overhead charges Fixed charges

Distribution expenses Administrative expenses Cost of sales
Other operating income Share of the result of equity- Interest income
accounted investments
Other operating expenses Income tax income/expense Interest expenses
Other financial results shareholders Current/deferred
Capital investors Noncontrolling interest
2. Calculate departmental income and gross operating profit. When cost of sales are given, also
calculate gross profit per activity/department.

Total revenue= 222884

Total cost of goods= 183937+18407+13904= 216248
222884-216248= 6636

Gross profit margin= 222884/6636x100= 3358%

3. Which accounts (as presented on the balance sheet and income statement according to the
USALI system) does the company use and what is the function of these accounts?

Income statement

Sales revenue: earnings of selling your product

Cost of sales: costs of selling your product

Gross result: sales revenue-cost of sales

Distribution expenses: costs of distribution of your product

Administrative expenses: costs of administrative actions

Other operating income: earnings of operating actions

Other operating expenses: costs of operating actions

Operating result: net income-operating expenses

Share of the result of equity-accounted investments:

Interest income: earnings you get from the interest

Interest expenses: cost you make for your interest

Other financial results: earnings/costs of financial results

Financial result: the difference between earnings before interest and taxes and after

Earnings before tax: result before including the taxes

Income tax income/expenses: earnings/costs of the taxes

Earnings after tax: profit

Noncontrolling interests: part of the profit go’s to the interest

Volkswagen AG hybrid capital investors: part of the profit go’s to the investors

Volkswagen AG shareholders: part of the profit go’s to the shareholders

4. What is the balance of the accounts on the balance sheet at the beginning of a chosen period
(a week for example)?
5. Which journal entries are made during the selected period influencing the balance of the
balance sheet and income statement? Present 20 journal entries and explain which accounts
are involved and why they are involved.

in million

Distribution expenses: -18.407

- Transporation costs: -9,203,50
- Storage costs: - 4,601,75
- Delivery charge: - 4,600,25
Administratieve expenses: - 9,399
- Office expenses: - 4,837
- Costs accountant: - 4,562
Cash and cash equivalents: 24,329
- Incomes taxes paid: - 2,646
- Change in inventories: 1,334
- Change in receivables: 712
- Impairment losses on equity investments: 454
- Change in provisions: 803
- Change in lease assests: - 12,914
Cash flows from investing activities:
- Capital contributions: 2,984
- Dividends paid: - 2,952
- Repayments of bonds: - 19,815
- Repayments of lease liabilities: - 1,100
Cash flows from operating activities:
- Disposal of subsidiaries: 402
- Change in investments in securities: - 4,462
- Change of loans: 143
- Additions to captalized developments costs: - 6,473
7, How does the income statement look like of the chosen period? How much profit or loss was
made during this period?

Difference from top to bottom in milions

2020-2019= difference

Noncurrent assets

1,754

-2,268

1,748

20

1,911

-0,037

-4,408

2,281

0,145

35

0,38

1,562

Current assets

-2,919

-1,698

-0,609

1,018

0,109

-0,004

4,393

7,986

7,481

9,043
8. What is the balance of the accounts on the balance sheet at the ending of the chosen period?