Porsche 2005 Annual Report Download - page 128
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124
2005/06 2004/05
T€ T€
Wages and salaries 878,052 784,001
Social security, pension and
other benefit costs 159,423 128,106
1,037,475 912,107
Employees (annual average) *, **
Wage earners 4,178 4,241
Salaried employees 6,736 6,347
Trainees and interns 380 343
11,294 10,931
*)including employees under the phased retirement scheme
**)without employees of the CTS group
(5) Personnel expenses
2005/06 2004/05
T€ T€
Share of profit 182,852 –
Income from first consolidation 541,263 –
Adjustment to the recoverable amount – 520,758 –
Share of profits and losses of associates 203,357 –
thereof share of profit of associates from discontinued operations 122,616 –
(7) Share of profit of associates
The share of profit of associates breaks down as follows:
(6) Other operating expenses
Other operating expenses include expenses for warranty commitments, administration and sales,
expenses for currency hedges, rent, expenses for various risks and expenses for share price hedge
options. The increase in other operating expenses mainly results from expenses from share price
hedge options. Exchange losses amount to T€ 66,413 (previous year: T€ 9,473).
The recoverable amount was set at the value in use. The investments in associates are allocated
to the segment “Germany” and “Vehicles”.