Porsche 2009 Annual Report Download - page 172

172 Financials
[2] Changes in inventories and own work capitalized
Own work capitalized contained in the discontinued operations is principally a result of the
capitalization of vehicles and development costs.
[3] Other operating income
Other operating income breaks down as follows:
Continuing Discontinued Reclassification Total
€ million operations operations acc. to IFRS 5
2009/10
Income from reversal of valuation allowances
on receivables and other assets 0 12 – 12 0
Income from stock price hedging derivatives 393 2,170 – 2,170 393
Income from valuation of options
on non-stock shares 301 0 0 301
Income from reversal of provisions and accruals 11 194 – 194 11
Income from foreign exchange gains 0 351 – 351 0
Income from cost allocations 0 490 – 490 0
Income from leased assets and investment property 0 38 – 38 0
Sundry operating income 4 1,883 – 1,883 4
709 5,138 – 5,138 709
2008/09
Income from reversal of valuation allowances
on receivables and other assets 0 36 – 36 0
Income from stock price hedging derivatives 52,955 698 – 698 52,955
Income from reversal of provisions and accruals 2 522 – 522 2
Income from foreign exchange gains 0 1,325 – 1,325 0
Income from cost allocations 0 1,342 – 1,342 0
Income from leased assets and investment property 0 58 – 58 0
Sundry operating income 0 3,277 – 3,277 0
52,957 7,258 – 7,258 52,957
Income from stock price hedging derivatives was generated as a result of cash-settled
stock option transactions, which in the past served to hedge the increase in the investment in
Volkswagen AG. This strategy was not pursued further in the reporting period. In the comparative
period, this position also contains income from equity forwards.