Condensed version in accordance with the German Commercial Code (HGB)
In addition to reporting on the Daimler Group, the development of Daimler AG is also described in this section.
Daimler AG is the parent company of the Daimler Group and its headquarters are in Stuttgart.
Daimler AG acts as an operational and strategic management holding company and provides services to the companies of the Group. As the parent company, it also decides on the Group’s strategy, decides on matters of major importance for business operations, and ensures regulatory, legal, and compliance functions throughout the Group.
The annual financial statements of Daimler AG are prepared in accordance with the German Commercial Code (HGB). The consolidated financial statements are prepared in accordance with the International Financial Reporting Standards (IFRS), as adopted by the European Union (EU). This results in some differences with regard to recognition and measurement, primarily in connection with provisions, financial instruments, the leasing business and deferred taxes.
For Daimler AG as an operational and strategic management holding company, net profit or loss is the main performance indicator.