Porsche 2005 Annual Report Download - page 156

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154
Segment information by business division
The balance sheets of the divisions also include assets that are not allocable to segment assets pursuant
to IAS 14. Most of these are income tax items and financial assets. Ignoring the concept of maturities pur-
suant to IAS 1, the balances are as follows if all assets and liabilities are allocated:
(31) Related Parties
In accordance with IAS 24, persons or entities which are in control of or controlled by Porsche AG
must be disclosed. Pursuant to a consortium agreement, the Porsche and Piëch families have direct and
indirect control respectively of Porsche AG.
The disclosure requirements under IAS 24 also extend to persons who have the power to exercise
significant influence over the Company, i.e. who have the power to participate in the financial and operating
policies of the Company, but do not control it, including close family members. In the fiscal year 2005/06
this concerns members of the Supervisory Board and the Executive Board of Porsche AG as well as their
close family members.
The volume of trade in the course of ordinary operations in the vehicles and parts business with the
Porsche and Piëch families and their affiliated entities came to EUR 79.6 million (previous year:
EUR 74.6 million), and trade in the design business to EUR 1.2 million (previous year: EUR 1.1 million)
as well as financing arrangement services of EUR 10.1 million (previous year: EUR 0.0 million).
The arm’s length principle was applied without exception.
Apart from that, the Porsche and Piëch families provided automotive services and delivered clocks and
related spare parts to Porsche AG. These deliveries and services are not material for the Porsche Group
and were charged at arm's length conditions without exception.
Vehicles Financial services Consolidation Group
July 31, 2006 July 31, 2005 July 31, 2006 July 31, 2005 July 31, 2006 July 31, 2005 July 31, 2006 July 31, 2005
million € million € million € million € million € million € million € million €
Assets
Fixed assets 5,944.0 1,977.9 998.4 1,013.0 – 1,261.6 – 562.5 5,680.8 2,428.4
Current assets 6,410.3 5,400.2 1,955.0 1,868.9 582.7 12.6 8,948.0 7,281.7
12,354.3 7,378.1 2,953.4 2,881.9 – 678.9 – 549.9 14,628.8 9,710.1
Equity and liabilities
Equity 5,294.7 3,374.4 268.0 238.5 – 186.7 – 192.7 5,376.1 3,420.2
Debt capital 7,059.6 4,003.7 2,685.4 2,643.4 – 492.2 – 357.2 9,252.7 6,289.9
12,354.3 7,378.1 2,953.4 2,881.9 – 678.9 – 549.9 14,628.8 9,710.1
Balance sheets of the divisions