Porsche 2007 Annual Report Download - page 151
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148
To our shareholders
The Company
The new Panamera
Financials
[7] Share of profit of associates
The share of profit of associates breaks down as follows:
Based on the consolidated year-end figures presented by Volkswagen for fiscal 2006 and the
positive outlook of the Volkswagen group for fiscal 2007, it had been necessary to revalue the
investment in the prior-year period. 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.
[8] Finance costs
Interest and similar expenses comprises interest expenses from operations and the issue of bonds.
Finance costs contain interest expenses of EUR 361,161 k (prior year: EUR 73,784 k) which
results from financial assets and liabilities which were not measured at fair value through profit
or loss.
[9] Other finance revenue
Other finance revenue of EUR 400,429 k (prior year: EUR 167,215 k) consists of other interest
and similar income and mainly stems from fixed-interest-bearing securities and fixed-term deposits.
In addition, it includes income on interest-bearing receivables and loans. Other finance revenue
contains interest expenses of EUR 304,640 k (prior year: EUR 41,339 k) which results from
financial assets and liabilities which were not measured at fair value through profit or loss.
EUR000 2007/08 2006/07
Share of profit 1,007,266 702,406
Reversal of impairment 0520,758
1,007,266 1,223,164
EUR000 2007/08 2006/07
Interest expenses for unwinding the discount on provisions for pensions 37,337 31,131
Interest expenses for unwinding the discount on provisions 28,184 27,709
Unwinding the discount on provisions 65,521 58,840
Other interest and similar expenses 482,787 213,392
548,308 272,232