Porsche 2006 Annual Report Download - page 155
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153
In its financial services division, the Porsche Group acts as lessor, primarily leasing its own products.
The remaining terms of the minimum lease payments from non-cancellable operating leases of
T€ 448,993 (previous year: T€ 406,706) are as follows:
The contracts are concluded for a period of six to sixty months and partly contain renewal and
purchase options as well as escalation clauses.
Conditional lease payments, particularly those dependent on mileage, of T€ 2,337 (previous year:
T€ 2,265) were recorded.
Of the total inventories reported as of the balance sheet date of T€ 625,209 (previous year: T€ 594,080),
T€ 195,780 (previous year: T€ 193,348) was recognized at net realizable value. Write-ups of T€ 6,810
(previous year: T€ 1,678) were recorded with an effect on profit and loss in the fiscal year. Write-ups result
from new information about salability.
July31,2007 July31,2006
T€ T€
Due within one year 199,378 179,354
Due in one to five years 249,615 227,352
448,993 406,706
(19) Inventories
The inventories disclosed break down as follows:
July31,2007 July31,2006
T€ T€
Materials and supplies 84,813 73,251
Work in progress 45,240 47,039
Finished goods and merchandise 495,156 473,790
625,209 594,080