SEAT Annual Report 2011 - Volkswagen AG

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ACCESSIBLE
SEAT IS ACCESSIBLESEAT is a transparent brand, always at people’s sides, a brand that listensto people in order to feel what they feel. And that is why SEAT can give peoplewhat they want for an affordable price, as SEAT believes everybody shouldbe able to enjoy great technology.
Page 2: TIMELINE2011January 24. Connection
Page 5: 2011SEATANNUALREPORT
Page 8 and 9: DYNAMIC
Page 10 and 11: YOUNGSPIRITED
Page 13 and 14: RELIABLESEAT IS RELIABLESEAT is a b
Page 15: SEAT IS EFFICIENTSEAT’s Ecomotive
Page 21 and 22: CONTENTSPAGEPAGEManagement04 Letter
Page 23 and 24: LETTER FROM THE CHAIRMANOF THE BOAR
Page 26 and 27: 06 | ANNUAL REPORT 2011 | LETTER FR
Page 28 and 29: BOARDOF DIRECTORSChairmanDr. Franci
Page 30 and 31: HISTORIES AND INTERVIEWS
Page 32 and 33: SARA BAAfter more than 20 years of
Page 34 and 35: Is this performance your first homa
Page 36 and 37: 16 | ANNUAL REPORT 2011 | DYNAMISM
Page 38 and 39: millions of followers worldwide.
Page 40 and 41: Now his objective is to drive to wi
Page 42 and 43: BARCELONABERLIN22 | ANNUAL REPORT 2
Page 44 and 45: M.A.N.D.Y.With electronic music fir
Page 46 and 47: JUDITH COLELLJudith Colell is alrea
Page 48 and 49: THE KEYS TOSUCCESSCarme Ruscalleda
Page 50 and 51: Chef Carme Ruscalleda and formerswi
Page 52 and 53: 32 | ANNUAL REPORT 2011 | RELIABILI
Page 54 and 55: EUROPEANGREENCAPITALS:CITIES TOLIVE
Page 56 and 57: Rubbish collection system in Stockh
Page 58 and 59: The quality of SEAT vehicles is inh
Page 60 and 61: ALICIA JARILLOHELPING THE NEEDYFor
Page 62 and 63: Management Report
Page 64 and 65: IndustrialActivityPRODUCTIONIn 2011
Page 66 and 67:
odywork and painting workshops so a
Page 68 and 69:
Passionate about perfection.QUALITY
Page 70 and 71:
CommercialActivitySALESIn 2011 SEAT
Page 72 and 73:
SEAT possesses a widespread, effici
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SPONSORSHIPSports and music. Music
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SEAT RANGESEAT offers anentire rang
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SEAT IBIZA STThe Ibiza ST adds func
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SEAT LEÓNThe SEAT León stands for
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The brand’s values - Design Drive
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Copa versions of Ibiza SC, León an
Page 87 and 88:
SEAT León TwinDrive and Altea XL E
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IBL concept car, design in evolutio
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SEAT - one of Spain’s major creat
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scheme based on three aspects. Firs
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power generating plant at Martorell
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football Cup (this year in its 5 th
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RISK DETECTION AND ASSESSMENTSEATRI
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FinancialActivitySEAT Exeo, perfect
Page 104 and 105:
RESULTSIn spite of the difficult, e
Page 106 and 107:
SEAT, S.A. ANNUAL ACCOUNTS
Page 108 and 109:
88 | ANNUAL REPORT 2011 | AUDITORS
Page 110 and 111:
BALANCESHEETAt December 31(millions
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STATEMENTOF CHANGESIN EQUITYAt Dece
Page 114 and 115:
CASHFLOWSTATEMENTJanuary 1 to Decem
Page 116 and 117:
NOTESFinancial year ending December
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Rights received via the National At
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f) SubventionsCapital subventions a
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The saleable value of this fixed as
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8. FINANCIAL INSTRUMENTSa) Impact o
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II. Credit riskCredit risk arises o
Page 128 and 129:
On February 25, 2010, the sole shar
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Liabilities (mainly with Group comp
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Profit and Loss StatementEquityMill
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19. INCOME AND EXPENSESa) Distribut
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f) Other operating expensesMillions
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d) Environment-related incomeIncome
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PostDr. Francisco Javier García Sa
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APPENDIX 1.EVOLUTION OF NON-CURRENT
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2011Cost of acquisition or manufact
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APPENDIX 2.SUBSIDIARYCOMPANIES(mill
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CONSUMPTION AND EMISSION FIGURESCon
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SEATCREDITSThis version sets forth
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SEAT Annual Report 2011 - Volkswagen AG

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