Porsche 2010 Annual Report Download - page 142

Financials
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In the comparative period, the profit or loss before tax from discontinued operations in-
cluded a positive effect from the reclassification of other comprehensive income due to deconsoli-
dations of €1,223 million. The income taxes thereon totaled €-333 million in the comparative period.
The profit/loss after tax arising from the deconsolidation of operations in the comparative
period was made up of an expense of €15,902 million from the deconsolidation of the Volkswagen
group and income of €9,027 million from the deconsolidation of the Porsche Zwischenholding
GmbH group. Both amounts correspond to the portion in profit or loss that was attributable to
recognizing any investments retained in the former subsidiaries at its fair value at the date when
control was lost in the comparative period.
The carrying amounts of the assets and liabilities which were derecognized in the comparative period
in connection with the deconsolidation of the discontinued operations can be summarized by major
categories as follows:
€ million
Carrying
amount
Intangible assets 32,635
Property, plant and equipment, leased assets and
investment property 43,414
Investments accounted for at equity 8,361
Inventories 16,128
Receivables from financial services 61,849
Cash and cash equivalents 24,696
Other assets 34,230
Provisions for pensions and similar obligations 13,942
Other provisions and tax provisions 25,184
Financial liabilities 82,735
Other liabilities 43,612
As a consideration for the assets and liabilities derecognized, the remaining investments in
Porsche Zwischenholding GmbH and Volkswagen AG were recognized at their fair value totaling
€15,941 million in the comparative period.