Å kodaAuto ANNUAL REPORT 2006 - Skoda Auto

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c) genuine parts As part of genuine parts purchasing, Škoda Auto entered into contracts with the following partners: AUDI HUNGARIA MOTOR Kft. VOLKSWAGEN AG Volkswagen Sachsen GmbH SITECH Sp. Z o.o. Volkswagen de México, S.A. de C.V. Volkswagen do Brasil Ltda. Gearbox del Prat, S.A. d) investment Škoda Auto entered into investment purchase contracts with the following companies: VOLKSWAGEN AG Import VOLKSWAGEN Group s.r.o. e4t electronics for transportation s.r.o. AUDI AG 3. Other contractual relationships Škoda Auto also established contractual relationships (marketing services, training, sales support, financial services, short-term loans) with the following companies: ŠKODA AUTO Slovensko s.r.o. Import VOLKSWAGEN Group s.r.o. ŠkoFIN s.r.o. Svenska VOLKSWAGEN AB INIS International Insurance Service s.r.o. Autostadt GmbH ŠkodaAuto Deutschland GmbH Skoda Auto Polska S.A. e4t electronics for transportation s.r.o. VW Finance Belgium SA VOLKSWAGEN Group United Kingdom Ltd. VW Group Services SCS Belgium SA AUTOGERMA S.p.A. Shanghai Volkswagen Automotive Co. Ltd. VOLKSWAGEN AG OOO VOLKSWAGEN RUS Groupe VOLKSWAGEN France s.a. 132
Other legal acts In the accounting period no legal acts were reported which were carried out in favour of Volkswagen and entities controlled by Volkswagen, which went beyond the scope of standard legal acts carried out by Volkswagen while exercising its rights as the Controlling Entity and sole shareholder of Škoda Auto. In 2006, Škoda Auto took a stake in Volkswagen Rus and subsequently increased that company’s basic share capital. The stake in Volkswagen Rus so acquired by Škoda Auto is 37.5%. The remaining 62.5% is owned by Volkswagen. On 5 October 2006, the register court in Sarajevo permitted the liquidation of ŠKODA AUTO BH d.o.o. On the same day, notification of the liquidation was published in the press along with a call for any creditors of the company to lodge their claims. Other measures, their advantages and disadvantages During the accounting period, Škoda Auto did not adopt or take any measures on the behalf of or at the incentive of Volkswagen, and other entities controlled by Volkswagen, other than steps normally taken vis-a-vis Volkswagen as the sole shareholder of Škoda Auto. Performance provided and counter-performance accepted In the accounting period no other performance and counter-performance in favour or at the initiative of Volkswagen, and entities controlled by Volkswagen, which exceeded the scope of standard performance and counter-performance taken by Škoda Auto regarding Volkswagen, as the sole shareholder of Škoda Auto, were taken or implemented by Škoda Auto. Transactions with related parties during the accounting period are disclosed in the notes 5, 6, 9, 14 and 28 of the notes to separate financial statements. The Board of Directors of the Controlled Entity declares that Škoda Auto did not suffer from any damage or detriment as a result of the conclusion of the above mentioned contracts, the other aforesaid legal acts, other measures, performance provided or accepted counter-performance. 133
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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
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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 and 132: 29. Other information (CZK million)
Page 133: 2. Purchase of goods and services a
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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