How to calculate the NOA(Net operating Assets), NOPAT, and RONOA? VOLKSWAGEN GROUP - ANNUAL REPORT 2018 Income

How to calculate the NOA(Net operating Assets), NOPAT, and RONOA?

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VOLKSWAGEN GROUP - ANNUAL REPORT 2018 Income Statement of the Volkswagen Group for the Period January 1 to December 31, 2018 € million Sales revenue Cost of sales Gross result Distribution expenses Administrative expenses Other operating income Other operating expenses Operating result Share of the result of equity-accounted investments Interest income Interest expenses Other financial result Financial result Earnings before tax Income tax income/expense Current Deferred Earnings after tax of which attributable to Noncontrolling interests Volkswagen AG hybrid capital investors Volkswagen AG shareholders Basic earnings per ordinary share in € Diluted earnings per ordinary share in € Basic earnings per preferred share in € Diluted earnings per preferred share in € 1 Prior-year figures adjusted (see disclosures on IFRS 9 and IFRS 15). Note 1 72 2 3456 7889 10 11 11 11 11 2018 235,849 -189,500 46,350 -20,510 -8,819 11,631 -14,731 13,920 3,369 967 -1,547 -1,066 1,723 15,643 -3,489 -3,533 43 12,153 17 309 11,827 23.57 23.57 23.63 23.63 20171 229,550 -186,001 43,549 -20,859 -8,126 11,514 -12,259 13,818 3,482 951 -2,317 -2,262 -146 13,673 -2,210 -3,205 995 11,463 10 274 11,179 22.28 22.28 22.34 22.34 VOLKSWAGEN GROUP - ANNUAL REPORT 2018 Balance Sheet of the Volkswagen Group as of December 31, 2018 € million Assets Noncurrent assets Intangible assets Property, plant and equipment Lease assets Investment property Equity-accounted investments Other equity investments Financial services receivables Other financial assets Other receivables Tax receivables Deferred tax assets Current assets Inventories Trade receivables Financial services receivables Other financial assets Other receivables Tax receivables Marketable securities Cash, cash equivalents and time deposits Assets held for sale Total assets Equity and Liabilities Equity Subscribed capital Capital reserve Retained earnings1 Other reserves1 Equity attributable to Volkswagen AG hybrid capital investors Equity attributable to Volkswagen AG shareholders and hybrid capital investors Noncontrolling interests Noncurrent liabilities Financial liabilities Other financial liabilities Other liabilities Deferred tax liabilities Provisions for pensions Provisions for taxes Other provisions Current liabilities Put options and compensation rights granted to noncontrolling interest shareholders Financial liabilities Trade payables Tax payables Other financial liabilities Other liabilities Provisions for taxes Other provisions Total equity and liabilities 1 Prior-year floures adjusted (see disclosures on IFRS 9 and IFRS 15) Note 121344151516781919 ASTRONG 20 21 16 17 18 19 22 23 24 25 26 27 28 29 28 30 31 52822788 32 26 30 Dec. 31, 2018 64,613 57,630 43,545 496 8,434 1,474 78,692 6,521 2,608 476 10,131 274,620 45,745 17,888 54,216 11,586 6,203 1,879 17,080 28,938 183,536 458,156 1,283 14,551 91,105 -2,417 12,596 117,117 225 117,342 101,126 3,219 6,448 5,030 33,097 3,047 20,879 172,846 1,853 89,757 23,607 456 9,416 17,593 1,412 23,874 167,968 458,156 Dec. 31, 2017 63,419 55,243 39,254 468 8,205 1,318 73,249 8,455 2,252 407 9,810 262,081 40,415 13,357 53,145 11,998 5,346 1,339 15,939 18,457 115 160,112 422,193 1,283 14,551 81,248 678 11,088 108,849 229 109,077 81,628 2,665 6,199 5,636 32,730 3,030 20,839 152,726 3,795 81,844 23,046 430 8,570 15,961 1,397 25,347 160,389 422,193 VOLKSWAGEN GROUP - ANNUAL REPORT 2018 Income Statement of the Volkswagen Group for the Period January 1 to December 31, 2018 € million Sales revenue Cost of sales Gross result Distribution expenses Administrative expenses Other operating income Other operating expenses Operating result Share of the result of equity-accounted investments Interest income Interest expenses Other financial result Financial result Earnings before tax Income tax income/expense Current Deferred Earnings after tax of which attributable to Noncontrolling interests Volkswagen AG hybrid capital investors Volkswagen AG shareholders Basic earnings per ordinary share in € Diluted earnings per ordinary share in € Basic earnings per preferred share in € Diluted earnings per preferred share in € 1 Prior-year figures adjusted (see disclosures on IFRS 9 and IFRS 15). Note 1 72 2 3456 7889 10 11 11 11 11 2018 235,849 -189,500 46,350 -20,510 -8,819 11,631 -14,731 13,920 3,369 967 -1,547 -1,066 1,723 15,643 -3,489 -3,533 43 12,153 17 309 11,827 23.57 23.57 23.63 23.63 20171 229,550 -186,001 43,549 -20,859 -8,126 11,514 -12,259 13,818 3,482 951 -2,317 -2,262 -146 13,673 -2,210 -3,205 995 11,463 10 274 11,179 22.28 22.28 22.34 22.34 VOLKSWAGEN GROUP - ANNUAL REPORT 2018 Balance Sheet of the Volkswagen Group as of December 31, 2018 € million Assets Noncurrent assets Intangible assets Property, plant and equipment Lease assets Investment property Equity-accounted investments Other equity investments Financial services receivables Other financial assets Other receivables Tax receivables Deferred tax assets Current assets Inventories Trade receivables Financial services receivables Other financial assets Other receivables Tax receivables Marketable securities Cash, cash equivalents and time deposits Assets held for sale Total assets Equity and Liabilities Equity Subscribed capital Capital reserve Retained earnings1 Other reserves1 Equity attributable to Volkswagen AG hybrid capital investors Equity attributable to Volkswagen AG shareholders and hybrid capital investors Noncontrolling interests Noncurrent liabilities Financial liabilities Other financial liabilities Other liabilities Deferred tax liabilities Provisions for pensions Provisions for taxes Other provisions Current liabilities Put options and compensation rights granted to noncontrolling interest shareholders Financial liabilities Trade payables Tax payables Other financial liabilities Other liabilities Provisions for taxes Other provisions Total equity and liabilities 1 Prior-year floures adjusted (see disclosures on IFRS 9 and IFRS 15) Note 121344151516781919 ASTRONG 20 21 16 17 18 19 22 23 24 25 26 27 28 29 28 30 31 52822788 32 26 30 Dec. 31, 2018 64,613 57,630 43,545 496 8,434 1,474 78,692 6,521 2,608 476 10,131 274,620 45,745 17,888 54,216 11,586 6,203 1,879 17,080 28,938 183,536 458,156 1,283 14,551 91,105 -2,417 12,596 117,117 225 117,342 101,126 3,219 6,448 5,030 33,097 3,047 20,879 172,846 1,853 89,757 23,607 456 9,416 17,593 1,412 23,874 167,968 458,156 Dec. 31, 2017 63,419 55,243 39,254 468 8,205 1,318 73,249 8,455 2,252 407 9,810 262,081 40,415 13,357 53,145 11,998 5,346 1,339 15,939 18,457 115 160,112 422,193 1,283 14,551 81,248 678 11,088 108,849 229 109,077 81,628 2,665 6,199 5,636 32,730 3,030 20,839 152,726 3,795 81,844 23,046 430 8,570 15,961 1,397 25,347 160,389 422,193

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Following table shows the calculation of Net Operating Assets NOA Following table shows the calculat... View the full answer