Volkswagen’s First-quarter Earnings

Volkswagen AG's performance in the first quarter was exceptional, but their involvement in heavy revenue Porsche AG, according to VW's chief financial officer. VW represents a 49.9% interest in a Porsche. This means that the books of participation in the profits or losses proportional to the size of Porsche, their incentive. According to IFRS on the allocation of purchase price (PPP effects), the 3.9 billion euro (5.2 billion dollars) the cost of the acquisition in December 2009 for the participation of Porsche is the issue of permanent impairment other than cash. In a conference call, Chief Financial Officer Hans Dieter Poetsch said that these accounting charges more than offset by the benefit of VW by Porsche. Next year, Volkswagen will encompass most of the parents of Porsche AG, Porsche Automobil Holding SE, which gives you total control of the brand as well.