Å kodaAuto ANNUAL REPORT 2006 - Skoda Auto

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.
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