Porsche 2005 Annual Report Download - page 142

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140
Payment of a dividend of EUR 8.94 (EUR 5.94 + EUR 3.00 extra dividend)
per ordinary share ISIN no. DE0006937709
(securities ident. no. 693770) on
8,750,000 ordinary shares for fiscal year 2005/06 € 78,225,000
Payment of a dividend of EUR 9.00 (EUR 6.00 + EUR 3.00 extra dividend)
per preference share ISIN no. DE0006937733
(securities ident. no. 693773) on
8,750,000 preference shares for fiscal year 2005/06 € 78,750,000
Transfers to revenue reserves € 470,025,000
Retained earnings € 627,000,000
The dividend payment for 2004/05 gives rise to a tax credit from the corporate income tax system in place
prior to 2001 of T€ 5,009.
For future dividend payments, tax reduction claims of EUR 70.1 million (previous year: EUR 75.1 million),
based on the former corporate income tax system, can be realized in proportionate annual installments
until fiscal year 2019/20. The proposed dividend payment for 2005/06 reduces the corporate income tax
claim by T€ 5,009
Hybrid capital
The subordinated hybrid capital issued at the end of January 2006 with a nominal value of 1 billion US
dollars represents group equity in accordance with the rulings of IAS 32. The currency translation of the
hybrid capital is based on the exchange rate prevailing at the time of issue.
Minority interests
The drop in minority interests is largely due to the loss share of T€ 3,445 (previous year: T€ 3,504).
The financial statements of Porsche AG as of July 31, 2006 report retained earnings of € 627,000,000.
The following appropriation of retained earnings will be proposed at the shareholders’ meeting.