Porsche 2007 Annual Report Download - page 195
Download and view the complete annual report
Please find page 195 of the 2007 Porsche annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185 -
186 -
187 -
188 -
189 -
190 -
191 -
192 -
193 -
194 -
195 -
196 -
197 -
198 -
199 -
200 -
201 -
202 -
203 -
204 -
205 -
206
-
207
-
208
-
209
-
210
 |
 |
192
To our shareholders
The Company
The new Panamera
Financials
[37] Related parties
In accordance with IAS 24, persons or entities which are in control of or controlled by Porsche SE
must be disclosed. Pursuant to a consortium agreement, the Porsche and Piëch families have
direct and indirect control respectively of Porsche SE.
The disclosure requirements under IAS 24 also extend to persons who have the power to exercise
significant influence over the company, i.e. who have the power to participate in the financial and
operating policies of the company, but do not control it, including close family members. In the
fiscal year 2007/08 this concerns members of the Supervisory Board and the Executive Board
of Porsche SE as well as their close family members.
The volume of trade in the course of ordinary operations in the vehicles and parts business
with the Porsche and Piëch families and their affiliated entities came to EUR 144.1 million
(prior year: EUR 112.2 million), and trade in the design business to EUR 1.9 million (prior year:
EUR 1.1 million).
Apart from that, the Porsche and Piëch families provided automotive services and delivered clocks
and related spare parts to Porsche AG. These deliveries and services are not material for the
Porsche Group and were charged at arm's length conditions without exception. The Porsche and
Piëch families granted an interest-free loan of EUR 2,099 k (prior year: EUR 1,255 k) to Porsche
Lizenz- und Handelsgesellschaft mbH & Co. KG.
Other services worth EUR 57 k were provided to members of the Executive and Supervisory
Boards (prior year: EUR 17 k). They were charged at arm's length conditions. Otherwise, no trans-
actions requiring disclosure were conducted by entities of the Porsche Group with members of the
Supervisory Board or Executive Board as persons in key positions or any other entities in whose
executive or supervisory board any such persons are represented. The same applies for members
of these persons’ close families.
The disclosure duties pursuant to IAS 24 also contain the disclosure of persons and companies on
which Porsche SE can exert a significant influence. Business relations exist with the Volkswagen
group from deliveries relating to the vehicle and parts business and from consulting and develop-
ment services. They were charged at arm's length conditions.