Porsche 2006 Annual Report Download - page 159

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157
The amendment of §37 (5) of the Corporate Income Tax Act (KStG) by the law passed on measures
to aide the introduction of the European company and to amend other tax legislation (SEStEG)
has changed the legal situation for the taxation of retained profits in Germany. The present value of
the resulting refund claim was recognized for the first time in the 2006/07 fiscal year (T€ 63,598).
This claim is no longer realized via distributions but paid out in equal installments over a period
of ten years.
This item contains securities recognized at fair value through profit or loss at a carrying amount of
T€ 122,732. In the previous year, no securities were allocated to this category.
(23) Income tax receivables
(25) Cash and cash equivalents
Cash and cash equivalents totaling T€ 2,410,066 (previous year: T€ 1,988,550) consist of checks,
cash on hand and bank balances maturing within three months.
(26) Equity and minority interests
The development of equity and minority interests is presented in the statement of changes in equity.
(24) Securities
July31,2007 July31,2006
T€ T€
Current receivables of taxes on income 90,860 1,306
thereof non-current 63,598 –
thereof current 27,262 1,306
July31,2007 July31, 2006
T€ T€
Shares 186,097 110,753
Investment shares 638,179 1,157,732
Fixed-interest securities 929,773 732,566
Other securities 679,709 760,542
2,433,758 2,761,593
thereof non-current 1,014,573 713,072
thereof current 1,419,185 2,048,521