Porsche 2004 Annual Report Download - page 140

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Notes to the Consolidated Financial Statements Notes to the Consolidated Balance Sheet
136
The changes in equity without effect on income were mainly attributable to dividend payments to
the shareholders of Porsche AG of T€ 69,475 (previous year: T€ 58,975), changes to the co-
nsolidated group of T€ 0 (previous year: T€ 15,291) and currency fluctuations compared to the
previous year of T€ – 30,197 (previous year: T€ 3,023).
Differences from the currency translation of foreign subsidiaries’ financial statements without
effect on income amounting to T€ 10,532 (previous year: T€ 1,098) are disclosed separately.
Other comprehensive income contains the measurement of financial instruments at market value
without effect on income of T€ – 188,763 (previous year: T€ – 41,853). The amount disclosed is
after deferred taxes.
The proposed payment of a dividend does not give rise to a tax credit from the corporate income tax
system in place prior to 2001. For future dividend payments, tax reduction claims of EUR 76.1 million,
based on the former corporate income tax system, can be realized in proportionate annual install-
ments until fiscal year 2019/20.
Minority interests
The increase in minority interests is above all due to the transactions not affecting income of
T€ 5,706 (previous year: T€ 366), which was partially offset by the loss absorption of T€ 3,504
(previous year: T€ 4,116).
The financial statements of Porsche AG as of July 31, 2005 report retained earnings of
€ 264,000,000. The following appropriation of retained earnings will be proposed at the
shareholders’ meeting.
Payment of a dividend of EUR 4.94 per ordinary share
ISIN Nr. DE0006937709
(securities ident. no. 693 770)
on 8,750,000 ordinary shares
for fiscal year 2004/05 € 43,225,000
Payment of a dividend of EUR 5.00 per preference share
ISIN Nr. DE0006937733
(securities ident. no. 693 773)
on 8,750,000 preferred shares
for fiscal year 2004/05 € 43,750,000
Transfers to revenue reserves € 177,025,000
Retained earnings € 264,000,000