2,761
edits
Volkswagen: Difference between revisions
no edit summary
No edit summary |
No edit summary |
||
| Line 74: | Line 74: | ||
That is similar to the 7,623M EUR increase in lease assets of Volkswagen financial services. A part of the lease asset increased seemed to be financed by debt. <ref>https://www.volkswagenag.com/presence/investorrelation/publications/annual-reports/2022/volkswagen/Y_2021_e.pdf Page 42</ref> | That is similar to the 7,623M EUR increase in lease assets of Volkswagen financial services. A part of the lease asset increased seemed to be financed by debt. <ref>https://www.volkswagenag.com/presence/investorrelation/publications/annual-reports/2022/volkswagen/Y_2021_e.pdf Page 42</ref> | ||
The topic needs further studying in order to display increases in lease assets accurately but for now it's save to say that Volkswagen does indeed invests an substantial parts of it's profits into their lease vehicle fleet which decreases it's free cash flow and net cash flow. | The topic needs further studying in order to display increases in lease assets accurately but for now it's save to say that Volkswagen does indeed invests an substantial parts of it's profits into their lease vehicle fleet which decreases it's free cash flow and net cash flow and makes those numbers seem worse than the situation is. | ||
==== Balance Sheet ==== | ==== Balance Sheet ==== | ||