Å kodaAuto ANNUAL REPORT 2006 - Skoda Auto

17. Cash flow statement
The cash and cash equivalents contained in the cash flow statement comprise in addition to cash reported in the balance sheet also
short-term loans due within three months of CZK 23,971 million as at 31 December 2006 (31 December 2005: CZK 11,200 million).
Cash flows are presented in the cash flow statement and are classified into cash flows from operating activities, investing activities and
financing activities, irrespective of the format of the balance sheet.
Cash flows from operating activities are derived indirectly from profit before tax. Profit before tax is adjusted to eliminate non-cash
expenses (mainly depreciation and amortisation) and income and changes in working capital.
Investing activities include additions to property, plant and equipment, non-current financial assets, as well as to capitalised development cost.
Financing activities include besides the outflows and inflows of cash from dividend payments, redemption of bonds and factoring liabilities
also outflows and inflows from other financial loans.
18. Sales (CZK million)
2006 2005
Cars 180,551 164,766
Genuine parts and accessories 14,802 12,835
Supplies of components within VW group 5,995 6,833
Other sales 2,311 2,948
Total 203,659 187,382
19. Other operating income (CZK million)
2006 2005
Foreign exchange gains 1,609 1,661
Income from foreign currency trades 914 834
Gains on non-current assets disposal 44 28
Release of provisions 326 1
Reversal of receivables' impairment losses 245 187
Other 1,609 1,316
Total 4,747 4,027
Foreign exchange gains include mainly gains from differences in exchange rates between the dates of recognition and payment of
receivables and payables denominated in foreign currencies, as well as exchange rate gains resulting from re-valuation at the balance
sheet date. Foreign exchange losses from these items are included in the other operating expenses.
87