Porsche 2005 Annual Report Download - page 141

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139
(20) Cash and cash equivalents
Cash and cash equivalents totaling T€ 1,988,550 (previous year: T€ 1,754,930) consist of checks,
cash on hand and bank balances maturing within three months.
(21) Equity and minority interests
The development of equity and minority interests is presented in the statement of changes in equity.
Share capital
Porsche AG’s share capital totals EUR 45.5 million and, as in the previous year, is divided into 8,750,000
ordinary shares and 8,750,000 non-voting preference shares which have been fully paid in.
A proportionate amount of the share capital of EUR 2.60 is allocable to each share. The preference
shares carry an additional dividend of EUR 0.06.
Capital reserve
The capital reserve contains solely contributions from premiums and is unchanged since the previous year.
Revenue reserves and other comprehensive income
Revenue reserves relate exclusively to other revenue reserves. Revenue reserves include the profits of
Porsche AG and its consolidated subsidiaries earned in previous years and the reporting year and not yet
distributed as well as transactions without effect on income.
The changes in equity without effect on income were mainly attributable to dividend payments to the
shareholders of Porsche AG of T€ 86,975 (previous year: T€ 69,475), changes to the consolidated
group of T€ – 1,815 (previous year: T€ 0) and currency fluctuations compared to the previous year of
T€ 4,321 (previous year: T€ – 30,197), as well as expenses and income recorded directly in equity
and income from associates.
Differences from the currency translation of foreign subsidiaries’ financial statements without effect on
income amounting to T€ – 1,821 (previous year: T€ 10,532) are disclosed separately.
Other comprehensive income contains the measurement of financial instruments at market value without
effect on income of T€ – 126,907 (previous year: T€ – 188,763). The amount disclosed is after deferred
taxes.
The pro rata changes in equity from associates recorded without effect on income are recorded without
effect on income in the consolidated financial statements of Porsche AG. The total amount of the amounts
recorded directly in equity in the 2005/06 fiscal year from the use of the equity method leads to an
increase in equity by T€ 6,161 (previous year: T€ 0).