Porsche 2005 Annual Report Download - page 152
Download and view the complete annual report
Please find page 152 of the 2005 Porsche annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154 -
155 -
156 -
157 -
158 -
159 -
160 -
161 -
162 -
163
-
164
-
165
-
166
 |
 |
150
(28) Contingent Liabilities
An amount of T€ 155,266 was reclassified in the fiscal year from the reserve for cash flow hedges to
the income statement (previous year: T€ 250,738). The increase came to T€ 29,449 (previous year:
T€ 40,715). The profit on the disposal of available-for-sale securities totaled T€ 13,432 (previous year:
T€ 7,696), while the loss on the disposal came to T€ 2,477 (previous year: T€ 2,808).
As a partner of Venture Capital Beteiligung GbR, Porsche AG is liable within the scope of the provisions
of law.
Other financial obligations in the Group total € 330.0 million (previous year: € 250.0 million).
There are obligations from rent, lease and maintenance agreements of € 83.7 million in total (previous
year: € 95.8 million). The Group’s purchase commitment from initiated investment projects for property,
plant and equipment amount to € 236.0 million (previous year: € 152.0 million). There are other financial
obligations of € 10.3 million (previous year: € 2.2 million).
The terms to maturity of minimum lease payments under non-cancelable operating leases and rent
agreements are as follows:
The total amount of rent and lease payments recorded as an expense in the fiscal year is T€ 30,408
(previous year: T€ 29,886).
No provisions were recognized for contingent liabilities as it is more likely than not that they will not occur.
July 31, 2006 July 31, 2005
T€ T€
Guarantees 12,966 1,300
Warranties 81,919 68,357
Collateral for third-party liabilities 3,194 1,076
July 31, 2006 July 31, 2005
T€ T€
Minimum lease payments 83,713 95,845
Due within one year 21,432 28,072
Due within one to five years 40,343 48,111
Due within more than five years 21,938 19,662