Å kodaAuto ANNUAL REPORT 2006 - Skoda Auto

10. Share capital
The subscribed capital is composed of 1 670 885 ordinary shares with a par value of CZK 10,000 per share. The only shareholder of the
Company is VOLKSWAGEN AG, Wolfsburg, the Federal Republic of Germany.
11. Reserves (CZK million)
31.12.2006 31.12.2005
Currency translation reserve (78) (14)
Reserves for cash flow hedges 78 (510)
Other reserves (0) (524)
Statutory reserve fund 1,292 924
Accumulated profit 38,669 27,995
Retained earnings 39,961 28,919
Reserves total 39,961 28,395
Movement in reserve for cash flow hedges:
Balance as at 1.1.2005 42
Fair value losses in year (349)
Deferred tax on fair value losses 91
Transfers to net profit (383)
Deferred tax on transfers to net profit 89
Balance as at 31.12.2005 (510)
Fair value gains in year 419
Deferred tax on fair value gains (112)
Transfers to net profit 375
Deferred tax on transfers to net profit (94)
Balance as at 31.12.2006 78
The statutory reserve fund may be used only to offset losses. According to relevant regulations of the commercial code of the Czech
Republic, the Company is required to transfer 5% of its annual net profits to the statutory reserve fund until the balance of this reserve
reaches 20% of the subscribed capital.
In compliance with the relevant regulations of the commercial code, the unconsolidated profit of the Company for the year 2006
(determined in accordance with IFRS) is going to be allocated based on the decision of the Company’s annual general meeting.
Minority interests on equity of the Group solely represent the minority shareholders of Skoda Auto Polska S.A.
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