Å kodaAuto ANNUAL REPORT 2006 - Skoda Auto

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Production and Logistics Škoda brand cars are the main products of Škoda Auto Group. The Group competes in the market with a product portfolio composed of four model lines: the Škoda Fabia, the Škoda Octavia, the Škoda Superb, and the Škoda Roomster. All of the Group’s manufacturing plants are located in the Czech Republic (Mladá Boleslav, Vrchlabí and Kvasiny) and in India (Aurangabad). Partner plants that are not part of the Group are located in Ukraine (Solomonovo), Bosnia and Herzegovina (Sarajevo) and Kazakhstan (Usť Kamenogorsk). The parent company produces finished vehicles as well as vehicle kits in various stages of disassembly. Vehicle kits are shipped from the Company’s production plants and assembled in the assembly plants. The Company also manufactures engines, gearboxes, engine and gearbox components, and genuine parts and accessories. Škoda Brand Vehicle Production and Assembly Plants Ukraine Solomonovo Kazakhstan Usť Kamenogorsk India Aurangabad Czech Republic Mladá Boleslav, Kvasiny, Vrchlabí Bosnia and Herzegovina Sarajevo 34 Škoda Auto Group plants Partner plants
Vehicle Production For the first time in Group history, more than 500,000 vehicles were produced in a single year. The total number of vehicles produced in 2006 was 556,347. This represents a 12.6% increase in production volume over 2005 (494,127 vehicles). 2006 saw two new vehicles enter production – series production of the Škoda Roomster in March, and series production of the Škoda Fabia hatchback successor in December. Škoda Fabia The Škoda Fabia model line is produced in three different versions – compact hatchback, roomy and elegant combi, and classic sedan. For sport car lovers, the hatchback is also made in an RS version. The Škoda Fabia is sold with five petrol engine options ranging from 40 to 85 kW as well as four diesel engines starting at 51 kW up to the turbodiesel 1.9 TDI PD/96 kW for the RS version. An upswing in demand for the Škoda Fabia in 2006 made it necessary to ramp up production. A total of 240,919 vehicles rolled off the production lines, up 6.5% from the previous year. In the second half of the year, preparations were made to put the Škoda Fabia successor into series production. Extensive changes were made in the body shop, and smaller adjustments took place in the paint shop and assembly areas in the Mladá Boleslav plant. Series production commenced successfully in December and by the end of the year the first 196 vehicles had been manufactured. Škoda Octavia Tour and Škoda Octavia The Škoda Octavia Tour is produced in liftback and combi versions. For the Škoda Octavia Tour, the following modern petrol engines are available: 1.4 MPI/55 kW (liftback only), 1.6 MPI/75 kW (with automatic gearbox as an option) and 1.8 T/110 kW. The offering is rounded out by a fuel-efficient turbodiesel 1.9 TDI PD/74 kW. The Škoda Octavia Tour remains an important product for the brand. In fact, thanks to the vehicle’s unflagging popularity, production was upped once again in 2006, to 69,124 vehicles, outperforming 2005 by 4.2%. Production was centred in the Vrchlabí plant and no changes are planned for the upcoming period. Škoda Octavia Tour vehicles continue to be assembled in India, Ukraine, Bosnia and Herzegovina, and in Kazakhstan. Like the Škoda Octavia Tour, the Škoda Octavia is produced in liftback and combi versions. The Škoda Octavia is produced with modern petrol and diesel engines, including the 2.0 FSI/110 kW petrol engine and the 2.0 TDI PD diesel engine with maximum output of 103 kW, a revolutionary DSG gearbox, and diesel particle filter (DPF). Also, the fuel-efficient 1.4 MPI/59 kW petrol engine and the 1.9 TDI PD/77 kW turbodiesel are still available. Like the Škoda Fabia, the Škoda Octavia is also offered in a sport-car version (the RS) with 2.0 TFSI or 2.0 TDI engine. Škoda Octavia once again strengthened its position in the Company’s production range. A total of 200,650 vehicles were produced, which is 11.3% more than in 2005. Production is centred in Mladá Boleslav and Vrchlabí. Vehicles are also assembled in India, Ukraine, and Bosnia and Herzegovina. 35
Page 1 and 2: SIMPLY CLEVER MORE ROOM... ŠkodaAu
Page 3 and 4: Even in the dynamic life of an auto
Page 5 and 6: SELECTED DATA AND FINANCIAL FIGURES
Page 7 and 8: Another major step was made in May
Page 9 and 10: ŠKODA AUTO GROUP PROFILE Who We Ar
Page 11 and 12: Where We Stand Since being acquired
Page 13 and 14: From left: Martin Jahn, Harald Luda
Page 15 and 16: Dipl.-Ökonom Fred Kappler (*1958)
Page 17 and 18: REPORT OF THE SUPERVISORY BOARD Dur
Page 19 and 20: FOR GROWTH Our road leads literally
Page 21 and 22: The Czech National Bank increased i
Page 23 and 24: Risk Management System The Škoda A
Page 25 and 26: Non-current liabilities were down 4
Page 27 and 28: Consolidated Balance Sheet (CZK mil
Page 29 and 30: Škoda Auto Deutschland 2006 was a
Page 31 and 32: The New Škoda Fabia Successor The
Page 33 and 34: Purchasing The key criterion of Šk
Page 35: FOR CHALLENGES To make cars that ar
Page 39 and 40: Quality Measuring vehicle body part
Page 41 and 42: Czech Republic The overall passenge
Page 43 and 44: Vehicle Customer Deliveries by Mode
Page 45 and 46: FOR LIFE Human beings are always at
Page 47 and 48: Personal Development and Continuing
Page 49 and 50: Sponsorship and Corporate Citizensh
Page 51 and 52: The Environment Škoda Auto has a l
Page 53 and 54: Water consumed and wastewater disch
Page 55 and 56: FOR THE FUTURE Life around us is in
Page 57 and 58: Production and Logistics Human Reso
Page 59 and 60: AUDITOR’S REPORT ON THE ANNUAL RE
Page 61 and 62: CONSOLIDATED INCOME STATEMENT FOR T
Page 63 and 64: CONSOLIDATED STATEMENT OF CHANGES I
Page 65 and 66: NOTES TO THE CONSOLIDATED FINANCIAL
Page 67 and 68: 1.3 Details of the Group In additio
Page 69 and 70: 1.6 Intangible assets Purchased int
Page 71 and 72: (d) Available-for-sale financial as
Page 73 and 74: 1.11 Deferred income tax Deferred i
Page 75 and 76: 1.16 Revenue and expense recognitio
Page 77 and 78: 1.21 Financial risk management The
Page 79 and 80: 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
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15. Deferred tax liabilities and as
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17. Cash flow statement The cash an
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Reconciliation of expected to effec
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27. Related party transactions Rela
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Receivables from related parties (C
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28. Other information (CZK million)
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INCOME STATEMENT FOR THE YEAR ENDED
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STATEMENT OF CHANGES IN EQUITY FOR
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NOTES TO THE FINANCIAL STATEMENTS 2
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1.3 Foreign currency translation Fu
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(c) Held-to-maturity investments He
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1.9 Deferred income tax Deferred in
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1.14 Revenue and expense recognitio
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Hedging of foreign currency risks R
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4. Property, plant and equipment (C
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Derivative financial instruments Th
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13. Non-current and current financi
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15. Other non-current and current l
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Non-current and current provisions
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23. Income tax (CZK million) 2006 2
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28. Related party transactions Rela
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Receivables from related parties (C
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29. Other information (CZK million)
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2. Purchase of goods and services a
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Other legal acts In the accounting
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GLOSSARY OF TERMS AND ABBREVIATIONS
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PERSONS RESPONSIBLE FOR THE ANNUAL
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Financial Figures At a Glance, Acco
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EVENTS ANTICIPATED IN 2007 January
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Å kodaAuto ANNUAL REPORT 2006 - Skoda Auto

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