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Å kodaAuto ANNUAL REPORT 2006 - Skoda Auto

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STATEMENT OF CHANGES IN EQUITY<br />

FOR THE YEAR ENDED 31.12.<strong>2006</strong><br />

(CZK million)<br />

Reserves<br />

Note Share Share Retained Reserves Total<br />

capital premium earnings for cash equity<br />

flow hedges*<br />

Balance at 1.1.2005 16,709 1,578 25,810 50 44,147<br />

Profit for the year – – 7,363 – 7,363<br />

Dividends paid – – (4,454) – (4,454)<br />

Financial derivatives** 12 – – – (573) (573)<br />

Balance at 31.12.2005 16,709 1,578 28,719 (523) 46,483<br />

Balance at 1.1.<strong>2006</strong> 16,709 1,578 28,719 (523) 46,483<br />

Profit for the year – – 10,882 – 10,882<br />

Dividends paid – – – – –<br />

Financial derivatives** 12 – – – 642 642<br />

Balance at 31.12.<strong>2006</strong> 16,709 1,578 39,601 119 58,007<br />

* Net of deferred tax from financial derivatives.<br />

** Explanatory notes on cash flow hedges are presented in Note 1.8.<br />

The notes on pages 101 to 129 are an integral part of these financial statements.<br />

99

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