Porsche 2003 Annual Report Download - page 122

Download and view the complete annual report

Please find page 122 of the 2003 Porsche annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 140

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140

The application of the LIFO valuation method resulted
in a reduction in inventories of 3.7 million euro at Porsche AG
and in the consolidated financial statements.
July 31, 2004 July 31, 2003
Group Porsche AG Group Porsche AG
T€ T€ T€ T€
Raw materials, consumables and supplies 77,034 67,455 58,130 57,661
Work-in-process 56,950 54,529 39,717 39,315
Services-in-process 118,925 33 22,975 2,138
Finished goods and merchandise 467,267 122,882 414,199 125,564
Advance payments made 5,776 1,691 3,478 –
725,952 246,590 538,499 224,678
Advance payments received – 158,075 – 4,347 – 70,261 – 2,058
567,877 242,243 468,238 222,620
Receivables from affiliated companies and companies in
which investments are held arise from deliveries of goods
and services, as well as from loans and profit transfers.
(3) Receivables
118
Financial Statements 2003 ⁄ 04
Notes to the Financial Statements of the Consolidated Porsche Group
and Dr. Ing. h.c. F. Porsche AG as of July 31, 2004
(2) Inventories
July 31, 2004 July 31, 2003
Group Porsche AG Group Porsche AG
T€ T€ T€ T€
Trade receivables 271,030 39,839 209,580 26,652
Receivables from affiliated companies – 539,681 – 367,612
Thereof due in more than one year – (85,585) – (44,519)
Receivables from companies
in which investments are held 54 – 1,719 707
Total 271,084 579,520 211,299 394,971