Porsche 2012 Annual Report Download - page 256

Financials
Notes to the consolidated fi nancial statements
Volkswagen AG in the amount of the present value of the recoverable tax advantages resulting
from such a transaction at the level of Volkswagen AG or one of its subsidiaries.
In order to secure any remaining claims of Volkswagen AG from the agreement between
Porsche SE and Volkswagen AG on the investment held by Volkswagen AG in Porsche Holding
Stuttgart GmbH, a retention mechanism was agreed in favor of Volkswagen AG for the purchase
price payable in the event of the put or call option being exercised. In the course of the contribu-
tion of the holding business operations of Porsche SE to Volkswagen AG, the corresponding
obligations were eliminated.
Volkswagen AG has agreed to hold Porsche SE harmless for internal purposes from any
claims of the deposit guarantee fund agency after Porsche SE issued a hold harmless declara-
tion to the deposit guarantee fund agency as required by the Association of German Banks in
August 2009. In addition, Volkswagen AG has undertaken to hold the deposit guarantee fund
agency harmless from any losses incurred as a result of its measures in favor of a bank in which
it holds the majority.
The table below shows the supplies and services rendered and received between the Porsche
SE group and its related parties as well as existing receivables and liabilities.
Supplies and Supplies and
services rendered services received
€ million 2012 2011 2012 2011
Porsche and Piëch families 0 2,245 0 0
Joint ventures 198 340 121 176
Associates 4,294 330 212 4373
4,492 2,915 333 4,549
3252