Porsche 2006 Annual Report Download - page 2

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Porsche Motorsport
North America, Inc.,
Wilmington ⁄ Delaware, USA
100 %
Porsche Latin America, Inc.,
Wilmington ⁄ Delaware, USA
100 %
Porsche Investment Corporation
Wilmington ⁄ Delaware, USA
100 %
Porsche Distribution S.A.S.,
Levallois-Perret, France
100 %
Dr.Ing.h.c.F. Porsche AG
Stuttgart
Porsche
Verwaltungsgesellschaft mbH,
Bietigheim-Bissingen
1997/98 1998/99 1999/00 2000/01 2001/02 2002/03 2003/04 2004/05 2005/06 2006/07
HGB HGB HGB HGB HGB HGB IFRS IFRS IFRS IFRS
Sales € million 2,519.4 3,161.3 3,647.7 4,441.5 4,857.3 5,582.0 6,147.7 6,574.0 7,273.03) 7,367.9
Domestic € million 735.5 955.6 893.2 1,001.3 1,121.0 1,482.5 1,213.6 1,267.0 1,234.0 1,326.4
Export € million 1,783.9 2,205.7 2,754.5 3,440.2 3,736.3 4,099.5 4,934.1 5,307.0 6,039.0 6,041.5
Vehicle Sales (new cars) units 36,686 43,982 48,797 54,586 54,234 66,803 76,827 88,379 96,794 97,515
Domestic Porsche units 9,174 10,607 11,754 12,401 12,825 13,896 12,176 13,902 13,921 14,314
Export Porsche units 27,512 33,375 37,043 42,185 41,409 52,907 64,651 74,477 82,873 83,201
Vehicle Sales Porsche units 36,686 43,982 48,797 54,586 54,234 66,803 76,827 88,379 96,794 97,515
911 units 17,869 23,090 23,050 26,721 32,337 27,789 23,704 27,826 34,386 37,415
Boxster units 18,817 20,892 25,747 27,865 21,897 18,411 12,988 18,009 27,906 26,146
Carrera GT units ––––– –222660368 9
RS Spyder units ––––– –––– 2
Cayenne units ––––– 20,603 39,913 41,884 34,134 33,943
Production units 38,007 45,119 48,815 55,782 55,050 73,284 81,531 90,954 102,602 101,844
Porsche total units 38,007 45,119 48,815 55,782 55,050 73,284 81,531 90,954 102,602 101,844
911 units 19,120 23,056 22,950 27,325 33,061 29,564 26,650 28,619 36,504 38,959
Carrera GT units ––––– 7270715290 –
Boxster units 18,887 22,063 25,865 28,457 21,989 18,788 13,462 20,321 30,680 26,712
RS Spyder units ––––– –––– 4
Cayenne units ––––– 24,925 41,149 41,299 35,128 36,169
Employees at year-end 8,151 8,712 9,320 9,752 10,143 10,699 11,668 11,878 11,384 11,571
Personnel expenses € million 528.2 574.9 631.3 709.9 799.4 849.5 949.7 964.8 1,037.5 1,264.3
Balance Sheet
Total assets € million 1,490.9 1,916.1 2,205.4 2,891.6 5,408.7 6,315.0 9,014.3 9,710.1 14,640.54) 23,332.4
Shareholders’ equity € million 415.8 587.4 782.0 1,053.3 1,466.8 1,754.5 2,920.8 3,420.2 5,338.04) 9,481.0
Fixed assets € million 579.6 525.6 577.7 731.8 2.207.7 2,663.3 2,380.1 2,428.4 5,680.8 9,759.9
Capital expenditures € million 175.8 155.0 243.7 293.8 1.119.5 1,295.2 1,111.1 919.0 4,083.04) 3,881.3
Depreciation € million 157.1 183.7 196.6 132.7 278.8 392.2 381.5 510.5 488.8 531.7
Cash flow € million 305.0 407.8 424.7 418.4 781.5 1,007.9 1,120.4 1,335.3 1,873.0 4,834.9
Extended cash flow € million 413.1 592.5 506.5 764.4 1.067.3 1,389.6 1,511.7 1,332.1 2,100.6 5,642.2
Income before tax € million 165.9 357.0 433.8 592.4 828.9 933.0 1,137.0 1,238.0 2,110.03) 5,857.0
Net income € million 141.6 190.9 210.0 270.5 462.0 565.0 690.0 779.0 1,393.03) 4,242.0
Dividends paid in total € million 21.9 21.9 26.4 45.0 297.0 59.0 69.5 87.0 157.0 384.5
Dividends per share 1)
Ordinary share € 1.23 1.23 1.48 2.54 2.94+14.00 3.34 3.94 4.94 5.94+3.00 6.94+15.00
Preference share € 1.28 1.28 1.53 2.60 3.00+14.00 3.40 4.00 5.00 6.00+3.00 7.00+15.00
DVFA/SG earnings per share 2) € 4.80 13.00 13.70 17.20 27.80 35.20––––
Earnings per ordinary share € ––––– –39.63 44.68 78.10 239.80
Earnings per preference share € ––––– –39.69 44.74 78.22 239.86
1) The years up until 1999/2000 have been adjusted according to the share split in fiscal year 2000/01.
2) Deutsche Vereinigung für Finanzanalyse und Anlageberatung/Schmalenbach-Gesellschaft (German society of investment analysts).
The years up until 1999/2000 have been adjusted according to the share split in 2000/01.
3) incl. figures from discontinued operations of CTS Group
4) Adjusted
Sales
Domestic
Export
Vehicle Sales (new cars)
Domestic Porsche
Export Porsche
Vehicle Sales Porsche
911
Boxster
Carrera GT
RS Spyder
Cayenne
Production
Porsche total
911
Carrera GT
Boxster
RS Spyder
Cayenne
Employees
Personnel expenses
Balance Sheet
Total assets
Shareholders’ equity
Fixed assets
Capital expenditures
Depreciation
Cash flow
Extended cash flow
Income before tax
Net income
Dividends paid in total
Dividends per share 1)
Ordinary share
Preference share
DVFA/SG earnings per share 2)
Earnings per ordinary share
Earnings per preference share
Porsche Group Highlights Overview of the Porsche Group (Capital Investment) as of July 31, 2007
65%
Porsche Design GmbH,
Zell am See, Austria
99,8%
Porsche Design Studio
North America Inc.,
Los Angeles ⁄ California, USA
100 %
Porsche Lizenz- und Handels-
gesellschaft mbH & Co. KG,
Bietigheim-Bissingen
65%
Porsche Design of America, Inc.,
Wilmington ⁄ Delaware, USA
100 %
Porsche Design
Asia Pacific Limited,
Hong Kong, China
100 %
Porsche Design
Great Britain Limited,
London, England
Porsche Design
of France SARL,
Serris, France
100 %
0,2%
Porsche Design Italia S.r.l.,
Florence, Italy
100%
100 %
ING Leasing
GmbH & Co. Fox OHG,
Börnsen
95%
Mieschke Hofmann und Partner
Gesellschaft für Management und
IT-Beratung mbH, Freiberg ⁄ N.
MI 911,
Frankfurt a. M.
100%
Volkswagen AG,
Wolfsburg
22,47%
Bertrandt AG
Ehningen
25,01%
74,8%
Porsche Financial
Services GmbH,
Bietigheim-Bissingen
100 %
Porsche Classic GmbH,
Ludwigsburg
100 %
Porsche Zentrum
Hoppegarten GmbH,
Stuttgart
100 %
Porsche Consulting GmbH,
Bietigheim-Bissingen
100 %
Porsche Consulting Italia S.r.l.,
Milan, Italy
100 %
Porsche Engineering
Services GmbH,
Bietigheim-Bissingen
100 %
Porsche Niederlassung
Stuttgart GmbH,
Stuttgart
100 %
Karosseriewerk
Porsche GmbH & Co. KG,
Stuttgart
PIKS Porsche-Information-
Kommunikation-Services GmbH,
Stuttgart
100 %
Porsche Deutschland GmbH,
Bietigheim-Bissingen
100 %
Porsche Dienstleistungs GmbH,
Stuttgart
100 %
Porsche Leipzig GmbH,
Leipzig
100 %
Porsche Engineering
Group GmbH,
Weissach
100 %
100 %
Porsche Services España S.L.,
Madrid, Spain
90%
Porsche Financial Services
Japan K.K.,
Tokyo, Japan
100 %
Porsche Financial Services
Great Britain Ltd.,
Reading, England
100 %
Porsche Financial Services
France S.A.,
Boulogne- Billancourt, France
100 %
Porsche Financial Services
Italia S.p.A.,
Padua, Italy
100 %
100%
Porsche Financial Services
Verwaltungsgesellschaft mbH,
Bietigheim- Bissingen
100 %
Porsche Niederlassung
Mannheim GmbH,
Mannheim
100 %
Porsche Engineering
Services s.r.o,
Prague, Czech Republic
100 %
100 %
Porsche Iberica S.A.,
Madrid, Spain
100 %
Porsche Italia S.p.A.,
Padua, Italy
100 %
Porsche Cars
Great Britain Ltd.,
Reading, England
100 %
Porsche Cars
Australia Pty. Ltd.,
Collingwood, Australia
100 %
Porsche International
Financing plc,
Dublin, Ireland
100 %
Porsche France S.A.,
Boulogne- Billancourt, France
100 %
Porsche Financial
Management Services Ltd.,
Dublin, Ireland
Porsche Japan K.K.,
Tokyo, Japan
100 %
Porsche Middle East FZE,
Dubai, United Arab Emirates
100 %
Porsche
Enterprises, Inc.,
Wilmington ⁄ Delaware, USA
96,15% PCTX LLC,
Wilmington ⁄ Delaware, USA
100 %
Porsche Cars
Canada Ltd.,
Toronto ⁄ Ontario, Canada
10 %
Porsche Cars
North America, Inc.,
Wilmington ⁄ Delaware, USA
100 %
Porsche Business
Services, Inc.,
Wilmington ⁄ Delaware, USA
100 %
Porsche Financial
Services, Inc.,
Wilmington ⁄ Delaware, USA
100 %
Porsche Canadian
Investment ULC,
Halifax ⁄ Nova Scotia, Canada
100 %
Porsche Financial Services
Canada G.P., Mississauga ⁄
Ontario, Canada
90%90%
10 %
Porsche Logistics
Services LLC,
Wilmington ⁄ Delaware, USA
100 %
Porsche Aviation Products, Inc.,
Wilmington ⁄ Delaware, USA
100 %
Euro Select Quality Parts, Inc.,
Wilmington ⁄ Delaware, USA
100 %
Porsche Funding
Ltd. Partnership,
Wilmington ⁄ Delaware, USA
22,1%
Porsche Capital LLC,
Wilmington ⁄ Delaware, USA
100 %
PPF Holding AG,
Zug, Switzerland
100 %
Porsche Asia Pacific Pte. Ltd.,
Singapore
100 %
Porsche Russland 000,
Moscow, Russia
100 %
Porsche Center
Moscow 000,
Moscow, Russia
100 %
100 %
Porsamadrid S.L.,
Madrid, Spain
99,75% Porsacentre S.L.,
Barcelona, Spain
0,15%
10 % 0,1% 0,15% 0,1%
Centro Porsche Padova S.r.l.,
Padua, Italy
100 %
Porsche Retail Group Ltd.,
Reading, England
100 %
Porsche Retail Group
Australia Pty. Ltd.,
Collingwood, Australia
100 %
Porsche International
Reinsurance Ltd.,
Dublin, Ireland
100 %
Porsche Haus S.r.l.,
Milan, Italy
100 %
77,9 %
Porsche Liquidity LLC,
Wilmington ⁄ Delaware, USA
100 %
Porsche Funding LLC,
Wilmington ⁄ Delaware, USA
100 %
Porsche Financial Services
Australia Pty. Ltd.,
Collingwood, Australia
3,85%
Porsche Financial Services
GmbH & Co. KG,
Bietigheim-Bissingen
99,75% Porsche Vermögens-
verwaltung AG,
Stuttgart
100 %