Å kodaAuto ANNUAL REPORT 2006 - Skoda Auto

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Sales and Marketing Sales of Vehicles Vehicle Sales by Region Škoda Auto Group operates today in more than 90 markets all over the world. Despite flat markets in Central Europe, the Group delivered a total of 549,667 vehicles to customers in 2006, exceeding half a million vehicles sold for the first time in the long history. This result represents a growth of 11.7%. In 2006, Škoda Auto Group again achieved new sales records in more than 30 markets, among them Germany, United Kingdom, Spain, Romania and Ukraine. Škoda Auto Group Sales Regions Central Europe Western Europe Eastern Europe Overseas/Asia 38
Czech Republic The overall passenger car market in the Czech Republic contracted in comparison with 2005, confirming the ongoing declining trend. This decline, however, was offset by rapid expansion of the overall market for light commercial vehicles. Group maintained its vehicle sales volume in 2006 and retained its position of domestic market leader in both the passenger car and light commercial vehicle segments. Central Europe Despite overall flat markets in Central Europe, the Group maintained its position as the number-one carmaker in this region. In Poland, the brand’s second largest market in this region, 28,783 vehicles were sold (up 4.1% from 2005), which corresponds to a market share of 12.0%. With this market share the Group continues to be the market leader in Poland. In Slovakia, the Group grew sales by 3.0% (21,380 vehicles), and remained the market leader by a wide margin. Western Europe In its strongest market, Group grew its market share to 2.1% in 2006 (2005 market share was 1.9%). A total of 301,343 vehicles were delivered to customers in the region (+9.1% year-on-year). Over 10% sales growth was recorded in the following Western European countries: Germany, Spain, Belgium, Greece, Switzerland, Finland, Luxembourg. The most vehicles were sold in Germany – 103,931 vehicles total, up 15.3% over 2005. Market share in terms of newly registrated vehicles grew to 3.4% (2005: 3.1%) and Škoda became the numberthree imported car brand. Despite unfavourable development of the overall market in the UK, the Group grew sales here by 1.3% and delivered to customers a total of 38,801 vehicles (2006 market share was 1.7%). 24,869 vehicles were sold in Spain – an increase of 14.6%. The largest market shares in Western Europe were achieved in Denmark (6.6%) and Austria (5.5%). Vehicles Sales by Model Line In 2006, the Group sold 243,982 Škoda Fabias (up 3.1%). In the model mix, 123,170 vehicles were Škoda Fabia hatchbacks (+3.1% compared to the previous year), 107,906 units were Škoda Fabia Combis (+7.1% relative to the previous year; Praktik version included) and 12,906 units were Škoda Fabia Sedans (-21.5% relative to the previous year). Eastern Europe The highest growth in sales, in relative terms, was achieved by the Group in Eastern Europe. A total of 70,986 vehicles were delivered in the region, for a year-on-year increase of 52.0%. One of the key markets in the region is Russia, where we succeeded in doubling unit sales to 14,835. In Romania, the strongest market, 20,153 vehicles were sold (+37.8% compared to the previous year) and 19,007 new Škoda vehicles found owners in Ukraine (+64.2% year-on-year). The positive trend established in 2005 continued in other Eastern European countries as well, such as Latvia (2,472 vehicles, +37.9%), Lithuania (2,003 vehicles, +52.3%) and Bulgaria (3,261 vehicles, +28.2%). Overseas/Asia The huge growth potential of the Overseas/Asia market was reflected in the Group’s sales figures here. Deliveries to this region in the year in question totalled 36,541 vehicles, which is up 21.1% over the previous year. India, again the largest market, saw 12,105 vehicles delivered to customers for a year-on-year increase of 35.2%. Other important markets were Turkey (5,725 vehicles compared to 7,261 in 2005), Egypt (3,683 vehicles compared to 2,328 in 2005), and Israel (3,518 vehicles compared to 2,900 in 2005). Sales of the new Škoda Roomster model line commenced in June 2006. This model was rolled out to Central, Western & Eastern European markets in a phased launch and by the end of the year a total of 14,422 customers in 37 countries had bought Roomsters. 39
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 and 36: FOR CHALLENGES To make cars that ar
Page 37 and 38: Vehicle Production For the first ti
Page 39: Quality Measuring vehicle body part
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
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 and 134:
2. Purchase of goods and services a
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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