Porsche 2003 Annual Report Download - page 117
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113
(1) Fixed Assets
The development of fixed assets of the Porsche Group and
Porsche AG is shown in the statement of fixed assets.
Intangible fixed assets include purchased development
services, IT software, licenses and tooling subsidies as well
as goodwill resulting from individual financial statements
and capital consolidation.
A significant part of the investments relates to the subsidiza-
tion of machines and tooling for the new 911 Carrera models
and the Boxster models, to the subscription rights as well
as to production and administration buildings.
The disposals of investments from associated companies
in the Group contain pro rata annual results and disposals of
equity book values of associated companies that are now,
under the purchase method, included into the consolidated
financial statements. The disposal from the sale of the invest-
ment in Revolution Powertrain LLC, Wilmington/Delaware,
is included here.