Porsche 2011 Annual Report Download - page 176

[4] Profit/loss from investments accounted for at equity
The profit or loss from investments accounted for at equity breaks down as follows:
The profit or loss from investments accounted for at equity consists of the profit or loss contribution
from the investments in Porsche Zwischenholding GmbH of €395 million (prior year: €106 million) and
Volkswagen AG of €4,265 million (prior year: €969 million).
[5] Finance costs
The interest from using the effective interest method relates to the total interest expenses from
financing activities determined using the effective interest method. In the comparative period, the interest on
deferred payments included the effect from the reversal of provisions that had been recognized in connection
with the disputed tax treatment of stock option transactions in the past. The finance costs contain interest
expenses of €367 million (prior year: €215 million) from financial instruments that are not measured at fair
value through profit or loss.
€ million 2011 SFY 2010
Profit/loss from ongoing equity accounting (before purchase price allocation) 4,827 1,281
Effects from purchase price allocation – 165 – 206
Profit/loss from ongoing equity accounting 4,662 1,075
Effects from dilution of share in capital – 2 0
4,660 1,075
€ million 2011 SFY 2010
Interest expenses from loans issued by joint ventures 175 73
Loan interest from banks 135 111
Interest from using the effective interest method 36 22
Interest on deferred payments 6 – 30
Other interest and similar expenses 22 9
374 185
176 FINANCIALS