Porsche 2006 Annual Report Download - page 145
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143
2006/07 2005/06
T€ T€
Share of profit 702,406 182,852
Income from first consolidation –541,263
Adjustment to the recoverable amount –– 520,758
Reversal of the adjustment to the recoverable amount 520,758 –
Share of profits and losses of associates 1,223,164 203,357
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:
Due to the group year-end figures for the fiscal year 2006 presented by Volkswagen and the positive
outlook of the Volkswagen Group for the current fiscal year, the investment had to be revalued.
The recoverable amount was set at the value in use. The shares measured at equity are adjusted in the
course of the reassessment at amortized cost.
Interest and similar expenses comprises interest expenses from operations and the issue of bonds.
Financial expenses contain interest expenses of T€ 73,784 (previous year: T€ 36,875) which results
from financial assets and liabilities which were not measured at fair value through profit or loss.
2006/07 2005/06
T€ T€
Interest expenses from compounding of provisions for pensions 31,131 30,155
Interest expenses from compounding of provisions 27,709 10,313
Compounding of debts 58,840 40,468
Other interest and similar expenses 213,392 158,448
Financial expenses 272,232 198,916
(8) Financial expenses
The interest income is mainly attributable to fixed-interest securities and time deposits.
In addition, it includes income on interest-bearing receivables and loans.
Financial revenue contains interest income of T€ 41,339 (previous year: T€ 12,204) which results
from financial assets or liabilities and was not measured at fair value through profit or loss.
2006/07 2005/06
T€ T€
Other interest and similar income 151,982 181,098
Revenue from available for sale securities 15,233 10,955
167,215 192,053
(9) Financial revenue