Å kodaAuto ANNUAL REPORT 2006 - Skoda Auto

10. Cash
31.12.2006 31.12.2005
Cash in hand 3 3
Bank accounts 1,345 755
Total 1,348 758
The weighted effective interest rate based on carrying amount of bank deposits as of 31 December 2006 was 2.72 % (31 December 2005:
1.95%).
11. Share capital
The subscribed capital is composed of 1 670 885 ordinary shares with a par value of CZK 10,000 per share. The only shareholder of the
Company is VOLKSWAGEN AG, Wolfsburg, the Federal Republic of Germany.
12. Reserves (CZK million)
31.12.2006 31.12.2005
Reserve for cash flow hedges 119 (523)
Other reserves 119 (523)
Statutory reserve fund 1,292 924
Accumulated profit 38,309 27,795
Retained earnings 39,601 28,719
Reserves total 39,720 28,196
Movement in reserve for cash flow hedges:
Balance as at 1.1.2005 50
Fair value losses in year (378)
Deferred tax on fair value losses 91
Transfers to net profit (375)
Deferred tax on transfers to net profit 89
Balance as at 31.12.2005 (523)
Fair value gains in year 460
Deferred tax on fair value gains (112)
Transfers to net profit 388
Deferred tax on transfers to net profit (94)
Balance as at 31.12.2006 119
The statutory reserve fund may be used only to offset losses. According to relevant regulations of the commercial code of the Czech
Republic, the Company is required to transfer 5% of its annual net profit to the statutory reserve fund until the balance of this reserve
reaches 20% of the subscribed capital.
In compliance with the relevant regulations of the commercial code, the unconsolidated profit of the Company for the year 2006
(determined in accordance with IFRS) is going to be allocated based on the decision of the Company’s annual general meeting.
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