Porsche 2005 Annual Report Download - page 154

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152
Amortization and depreciation as well as capital expenditure primarily relate to property, plant and
equipment, intangible assets and leased assets.
The secondary reporting format is supplemented by a condensed balance sheet for the vehicles and
financial services divisions. Non-current assets in the financial services division mainly consist of leased
assets. The current assets of the financial services division include receivables from credit financing,
receivables from finance leases and leasing installments that are due for payment. The debt capital shows
the financing of the financial services business – primarily via asset-backed security programs – and inter-
company financing which is eliminated in the consolidation.
Germany
2005/06 2004/05
million € million €
Third-party sales 2,187.1 1,934.5
Intersegment sales 4,074.7 3,558.4
Segment result from continuing operations 1,788.1 881.8
thereof share of profits and losses of entities
accounted for using the equity method 203.4 –
Segment result from discontinued operations 2.1 20.3
Segment assets 8,397.3 5,313.1
thereof investments in entities
accounted for using the equity method 3,263.7 –
Segment liabilities 5,769.0 2,897.8
Non-cash expenses 765.2 328.7
Amortization and depreciation 331.8 346.1
Capital expenditures (excluding financial assets) 437.0 409.3
Vehicles
2005/06 2004/05
million € million €
Third-party sales 6,733.2 5,902.7
Intersegment sales 141.0 151.2
Segment assets 8,610.7 5,536.1
Capital expenditures (excluding financial assets) 399.7 368.9
Segment information by region
Segment information by business division