Porsche 2005 Annual Report Download - page 131

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127
(10) Net profit from discontinued operations
The sale of the CTS Group was presented in accordance with the accounting rules for discontinued
operations as defined by IFRS 5.
Net profit from discontinued operations breaks down as follows:
The sales price was T€ 168,954; the full amount was settled in cash. In connection with the sale,
there was an outflow of cash and cash equivalents of T€ 518.
The main assets and liabilities that were sold were:
2005/06 2004/05
T€ T€
Sales 149,992 318,202
Expenses – 148,072 – 303,208
Earnings before financial income 1,920 14,994
Financial income – 810 – 1,264
Profit before tax from ordinary activities
from discontinued operations 1,110 13,730
Income taxes – 1,363 – 6,102
Current net profit
from discontinued operations – 253 7,628
Profit from the sale of the CTS group, before taxes 80,692
Taxes on the profit from the sale of the CTS group 2,059
Profit from the sale of the CTS group, after tax 78,633
Net profit from discontinued operations 78,381 7,628
July 31, 2006
T€
Intangible assets, property, plant and equipment and deferred tax assets 69,400
Other assets without cash and cash equivalents 135,152
Provisions 39,354
Liabilities 76,915