Porsche 2006 Annual Report Download - page 179
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177
Apart from that, the Porsche and Piëch families provided automotive services and delivered time pieces
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. The Porsche and Piëch families
granted an interest-free loan of T€ 1,255 to Porsche Lizenz- und Handelsgesellschaft mbH & Co. KG.
The loan granted the year before amounted to T€ 6,475 and was subject to interest on ordinary
market terms.
Other services of T€ 16.6 (previous year: T€ 21) were provided to members of the Executive Board and
Supervisory Board. They were charged at arm’s length conditions.
Otherwise, no transactions requiring disclosure were conducted by entities of the Porsche Group with
members of the Supervisory Board or Executive Board as persons in key positions or any other entities
in whose executive or supervisory board any such persons are represented. The same applies for
members of these persons’ close families.
The disclosure duties pursuant to IAS 24 also include disclosing persons and entities on which
Dr. Ing. h.c. F. Porsche AG can exercise a significant influence. Business relations exist with the
Volkswagen group from deliveries relating to the vehicle and parts business and from consulting and
development services. They were charged at arm’s length conditions.
Related parties
Supplies and Supplies and
services rendered services received
2006/07 2005/06 2006/07 2005/06
T€ T€ T€ T€
Porsche and Piëch families 113,370 90,933 425 561
Members of the Executive Board
and the Supervisory Board 174 21 ––
Volkswagen AG Group 87,955 49,188 791,678 319,758
201,499 140,142 792,103 320,319
Receivables Liabilities
July 31, 2007 July 31, 2006 July 31, 2007 July 31, 2006
T€ T€ T€ T€
Porsche and Piëch families 434 3,163 1,636 78
Members of the Executive Board
and the Supervisory Board 9 1– –
Volkswagen AG Group 5,164 10,261 52,910 31,691
5,607 13,425 54,546 31,769