Porsche 2009 Annual Report Download - page 246

246 Financials
As of 31 July 2009, other financial obligations broke down as follows:
Payable Total
1 year in 1 to 5 years > 5 years 2008/09
thereof
€ million continuing
operations
Purchase commitments in respect of
Property, plant and equipment 1,973 808 11 2,792 0
Intangible assets 207 151 0 358 0
Investment property 2 0 0 2 0
Obligations from
irrevocable credit commitments 1,844 0 0 1,844 0
loan commitments to subsidiaries 109 0 0 109 0
long-term leasing and rental contracts 359 943 1,492 2,794 0
Sundry other financial obligations 1,886 937 4 2,827 0
In the prior year, sundry other financial obligations contained in particular obligations of the
discontinued operations from the future acquisition of shares of LeasePlan Corporation N.V. and
order volumes from the acquirer of the gedas group, agreed to by contract for the coming years.
Rent and leasing payments recorded as an expense in the fiscal year total €1 million (prior
year: €310 million, allocable exclusively to discontinued operations). The leases also contain re-
newal and purchase options as well as escalation clauses.
[34] Subsequent events
Mr. Michael Macht stepped down from Porsche SE’s executive board effective as of
30 September 2010.
[35] Segment reporting
Before the deconsolidation of the Volkswagen group and the Porsche Zwischenholding
GmbH group, the segmentation by division – based on the internal reporting and organizational
structure – split the activities of the Porsche SE group in the business segments Porsche and
Volkswagen. The segments comprised the development, production and sale of vehicles of the
respective subgroups and their financing and leasing business for customers and dealers.