Porsche 2008 Annual Report Download - page 208

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To our shareholders The Company
206
The provisions for bonuses are intended to cover the cost of subsequent reductions in revenue
already realized.
Sundry other provisions relate to a wide range of identifiable risks and uncertain obligations,
measured according to the probability of their occurrence. These contain technical provisions for
insurance of €169 million (prior year: €0 million).
50% of the other provisions are expected to result in cash outflows in the following year, 42%
between 2010/11 to 2013/14 and 8% thereafter.
Other provisions developed as follows:
[28] Trade payables
The non-current trade payables presented in the prior year have been shown under current trade
payables for materiality reasons.
€ million
As of 1
August
2008
Exchange
differences
Changes to
consolidated
group
Additions Unwinding
the
discount
Utilization Reversal As of 31
July 2009
Porsche
without VW
Provisions for
employee expenses 639 14 2,820 808 20 1,428 62 2,811 327
Provisions for
obligations arising
from sales 893 62 10,225 3,357 219 3,189 362 11,205 688
Sundry other
provisions 308 166 4,569 1,139 8588 177 5,425 186
1,840 242 17,614 5,304 247 5,205 601 19,441 1,201
31/7/2009 31/7/2009 31/7/2008
€ million
Porsche
without VW
Liabilities from long-term development contracts 2 2 5
Trade payables to
third parties 11,125 677 559
affiliated companies 57 0 0
joint ventures 18 0 0
associates 21 8 22
other investees and investors 2 0 0
11,225 687 586