Porsche 2012 Annual Report Download - page 62

Risks relating to the business development
The risks relating to the development of Porsche
SE’s business as the parent company of the
Porsche SE group are closely connected to the
risks relating to the significant investment in
Volkswagen AG. Acting as a holding company also
entails additional risks. Please refer to the section
“Opportunities and risks of future development” in
this management report for a description of the
risks.
Proposed dividend
The statutory financial statements of Porsche SE as
of 31 December 2012 report a distributable profit of
744,180,474 euro. A proposal for the appropriation
of profit was not available for submission to the
annual general meeting by the time the financial
statements were authorized by the executive
board.
Dependent company report drawn up
As in previous years, in accordance with Sec. 312
AktG, Porsche SE has drawn up a report on rela-
tions with companies affiliated with holders of its
ordinary shares (a dependent company report). The
conclusion of this report is as follows: “In accord-
ance with the circumstances known to it when the
transactions stated in the report were conducted,
Porsche Automobil Holding SE has rendered or, as
the case may be, received reasonable payment. The
company was not disadvantaged by these transac-
tions. There were no reportable measures in ac-
cordance with Sec. 312 (1) Sentence 2 AktG in the
fiscal year 2012”.
2The company
Group management report
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