Å kodaAuto ANNUAL REPORT 2006 - Skoda Auto

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25. Contractual obligations and other future commitments (CZK million) Cash outflows relating to commitments for acquisition of non-current tangible and intangible assets existing at the balance sheet date are as follows: Payable until year 2007 Payable 2008–2011 31.12.2006 31.12.2005 Investment commitments 4,014 470 4,484 5,165 Leasing installments 79 94 173 188 On the basis of irrevocable operating lease agreements, the Group is allowed to rent different machine equipment. In the case of termination of these agreements, the Group has to terminate them with a six-month notice period. 26. Expenses by nature – additional information (CZK million) 2005 2004 Material costs – raw materials and other supplies, goods and production related services 147,590 133,086 Personal costs 12,554 11,432 Wages 9,682 8,850 Social insurance and other personal costs 2,872 2,582 Depreciation and amortization 12,590 11,946 Other services 18,392 21,561 Total cost of goods sold, distribution and administrative expenses 191,126 178,025 Number of employees Number of employees* 27,639 26,486 * Average number of employees (including temporary employees) 90
27. Related party transactions Related parties as defined by IAS 24 are parties that the Company has the ability to control, or over which it can exercise significant influence, or parties that have the ability to control or exercise significant influence over the Company. The Group participated in the following transactions with related parties: Sales to related parties (CZK million) 2006 2005 Parent company VOLKSWAGEN AG 3,760 2,983 Company controlled by parent company Volkswagen Sachsen GmbH 179 259 VOLKSWAGEN Group United Kingdom Ltd. 13,556 12,835 Groupe VOLKSWAGEN France s.a. 5,864 6,169 VOLKSWAGEN SLOVAKIA, a.s. 1,251 1,702 Volkswagen Navarra, S.A. 1,479 1,559 Svenska VOLKSWAGEN AB 3,489 3,708 Import VOLKSWAGEN Group s.r.o. 756 618 VW Group Rus OOO 3,776 2,071 Volkswagen do Brasil Ltda. 1,161 1,798 AUDI AG 4 3 SEAT, S.A. 547 527 AUTOGERMA S.p.A. 5,509 6,219 Volkswagen-Audi Espana S.A. 8,205 7,998 Volkswagen Bruxelles S.A. 416 86 EC GmbH 885 840 Gearbox del Prat, S.A. 19 11 Other related parties ROLLS-ROYCE & BENTLEY MOTOR CARS Limited 1 8 Other related parties 408 254 Total 51,265 49,648 Besides sales to related parties stated above the Company also realised in 2006 revenue from licence fees of CZK 120 million (2005: CZK 597 million) from Shanghai Volkswagen Automotive Co. Ltd., a joint venture of the parent company VOLKSWAGEN AG. 91
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SIMPLY CLEVER MORE ROOM... ŠkodaAu
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Even in the dynamic life of an auto
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SELECTED DATA AND FINANCIAL FIGURES
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Another major step was made in May
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ŠKODA AUTO GROUP PROFILE Who We Ar
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Where We Stand Since being acquired
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From left: Martin Jahn, Harald Luda
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Dipl.-Ökonom Fred Kappler (*1958)
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REPORT OF THE SUPERVISORY BOARD Dur
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FOR GROWTH Our road leads literally
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The Czech National Bank increased i
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Risk Management System The Škoda A
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Non-current liabilities were down 4
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Consolidated Balance Sheet (CZK mil
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Škoda Auto Deutschland 2006 was a
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The New Škoda Fabia Successor The
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Purchasing The key criterion of Šk
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FOR CHALLENGES To make cars that ar
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Vehicle Production For the first ti
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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
Page 87 and 88: 15. Deferred tax liabilities and as
Page 89 and 90: 17. Cash flow statement The cash an
Page 91: Reconciliation of expected to effec
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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