Å kodaAuto ANNUAL REPORT 2006 - Skoda Auto

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REPORT ON RELATIONS Report on relations between VOLKSWAGEN AG and ŠKODA AUTO a.s. and between ŠKODA AUTO a.s. and other entities controlled by VOLKSWAGEN AG in the accounting period 1 January 2006 – 31 December 2006 The report on relations between VOLKSWAGEN AG, having its registered office in Wolfsburg, Federal Republic of Germany, (hereinafter referred to as the “Controlling Entity” or “Volkswagen”) and ŠKODA AUTO a.s., having its registered offices in Mladá Boleslav, Tř. Václava Klementa 869, Post code: 29360, ID No.: 00177041 (hereinafter referred to as the “Controlled Entity” or “the Company” or “Škoda Auto”), and between Škoda Auto and other entities controlled by Volkswagen in the accounting period 1 January 2006 to 31 December 2006 (hereinafter referred to as the “accounting period”) was prepared pursuant to provision § 66a paragraph 9 of the Act No. 513/1991 Coll., Commercial Code, as amended. Throughout the accounting period, Volkswagen was the sole shareholder of Škoda Auto with 100% voting rights. Contracts concluded Škoda Auto and Volkswagen, and Škoda Auto and the companies controlled by Volkswagen concluded contracts in the following areas during the accounting period: 1. Sale of own products, goods and services a) vehicles Škoda Auto did not conclude any vehicle sale contracts in the accounting period. b) genuine parts Škoda Auto did not conclude any genuine part sale contracts in the accounting period. c) other Škoda Auto entered into service, licence and other products sale contracts with the following companies: AUDI AG VOLKSWAGEN AG Shanghai Volkswagen Automotive Co. Ltd. e4t electronics for transportation s.r.o. SEAT, S.A. ROLLS-ROYCE & BENTLEY MOTOR CARS LIMITED 130
2. Purchase of goods and services a) production material Škoda Auto concluded production material purchase contracts with the following companies: AUDI AG AUDI HUNGARIA MOTOR Kft. VOLKSWAGEN AG VOLKSWAGEN SLOVAKIA, a.s. Volkswagen Sachsen GmbH VOTEX, GmbH b) indirect material and services Škoda Auto entered into the following indirect material and service purchase contracts (indirect material and services purchase, research and development cooperation, IT services, licences, software and hardware supplies, customer services consultancy, logistic systems support, logistic systems consultancy, standardisation cooperation, rent of properties, rent of testing areas) with the following companies: VOLKSWAGEN AG VOLKSWAGEN Gewerbegrung GmbH Volkswagen Sachsen GmbH VOTEX, GmbHGroupe AUDI AG VOLKSWAGEN France s.a. Volkswagen Immobilien Service GmbH e4t electronics for transportation s.r.o. Volkswagen of South Africa (Pty.) Ltd. Volkswagen-Audi Espana S.A. VOLKSWAGEN OF AMERICA, INC. Automobilmanufaktur Dresden GmbH Volkswagen Coaching GmbH IAV Ingenieursgesellschaft GmbH ŠkodaAuto Deutschland GmbH Volkswagen Group Japan KK Volkswagen-Bildungsinstitut GmbH AUDI HUNGARIA MOTOR Kft. Volkswagen Bordnetze GmbH SITECH Sp. Z o.o. Auto 5000 GmbH SEAT, S.A. Volkswagen do Brasil Ltda. Volkswagen Motor Polska Sp. Z o.o. Gearbox del Prat, S.A. Volkswagen Poznan Sp. Z o.o. AUTO VISION GmbH VOLKSWAGEN SLOVAKIA, a.s. Import VOLKSWAGEN Group s.r.o. Volkswagen Bruxelles S.A. MMI Marketing Management Institut GmbH Volkswagen Logistics GmbH Skoda Auto Polska S.A. Svenska VOLKSWAGEN AB Volkswagen de México, S.A. de C.V. AUTOGERMA S.p.A. 131
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SIMPLY CLEVER MORE ROOM... ŠkodaAu
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Even in the dynamic life of an auto
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SELECTED DATA AND FINANCIAL FIGURES
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Another major step was made in May
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ŠKODA AUTO GROUP PROFILE Who We Ar
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Where We Stand Since being acquired
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From left: Martin Jahn, Harald Luda
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Dipl.-Ökonom Fred Kappler (*1958)
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REPORT OF THE SUPERVISORY BOARD Dur
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FOR GROWTH Our road leads literally
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The Czech National Bank increased i
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Risk Management System The Škoda A
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Non-current liabilities were down 4
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Consolidated Balance Sheet (CZK mil
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Škoda Auto Deutschland 2006 was a
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The New Škoda Fabia Successor The
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Purchasing The key criterion of Šk
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FOR CHALLENGES To make cars that ar
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Vehicle Production For the first ti
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Quality Measuring vehicle body part
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Czech Republic The overall passenge
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Vehicle Customer Deliveries by Mode
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FOR LIFE Human beings are always at
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Personal Development and Continuing
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Sponsorship and Corporate Citizensh
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The Environment Škoda Auto has a l
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Water consumed and wastewater disch
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FOR THE FUTURE Life around us is in
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Production and Logistics Human Reso
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AUDITOR’S REPORT ON THE ANNUAL RE
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CONSOLIDATED INCOME STATEMENT FOR T
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CONSOLIDATED STATEMENT OF CHANGES I
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NOTES TO THE CONSOLIDATED FINANCIAL
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1.3 Details of the Group In additio
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1.6 Intangible assets Purchased int
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(d) Available-for-sale financial as
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1.11 Deferred income tax Deferred i
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1.16 Revenue and expense recognitio
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1.21 Financial risk management The
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Goodwill Capitalised Capitalised Ot
Page 81 and 82: 5. Investments in associates The Co
Page 83 and 84: 10. Share capital The subscribed ca
Page 85 and 86: Interests and principal of bonds ar
Page 87 and 88: 15. Deferred tax liabilities and as
Page 89 and 90: 17. Cash flow statement The cash an
Page 91 and 92: Reconciliation of expected to effec
Page 93 and 94: 27. Related party transactions Rela
Page 95 and 96: Receivables from related parties (C
Page 97 and 98: 28. Other information (CZK million)
Page 99 and 100: INCOME STATEMENT FOR THE YEAR ENDED
Page 101 and 102: STATEMENT OF CHANGES IN EQUITY FOR
Page 103 and 104: NOTES TO THE FINANCIAL STATEMENTS 2
Page 105 and 106: 1.3 Foreign currency translation Fu
Page 107 and 108: (c) Held-to-maturity investments He
Page 109 and 110: 1.9 Deferred income tax Deferred in
Page 111 and 112: 1.14 Revenue and expense recognitio
Page 113 and 114: Hedging of foreign currency risks R
Page 115 and 116: 4. Property, plant and equipment (C
Page 117 and 118: Derivative financial instruments Th
Page 119 and 120: 13. Non-current and current financi
Page 121 and 122: 15. Other non-current and current l
Page 123 and 124: Non-current and current provisions
Page 125 and 126: 23. Income tax (CZK million) 2006 2
Page 127 and 128: 28. Related party transactions Rela
Page 129 and 130: Receivables from related parties (C
Page 131: 29. Other information (CZK million)
Page 135 and 136: Other legal acts In the accounting
Page 137 and 138: GLOSSARY OF TERMS AND ABBREVIATIONS
Page 139 and 140: PERSONS RESPONSIBLE FOR THE ANNUAL
Page 141 and 142: Financial Figures At a Glance, Acco
Page 143 and 144: EVENTS ANTICIPATED IN 2007 January
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Å kodaAuto ANNUAL REPORT 2006 - Skoda Auto

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