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115114
Annual Report
Porsche AG
2014
FINANCIAL
DATA
SUMMARY OF THE CONSOLIDATED FINANCIAL STATEMENTS OF PORSCHE AG WITHOUT THE NOTES
€ million FY 2014 FY 2013
Revenue 17,205 14,326
Cost of sales – 12,885 – 10,139
Gross profit 4,320 4,187
Distribution expenses – 1,257 – 1,075
Administrative expenses – 789 – 792
Other operating income 895 610
Other operating expenses – 450 – 351
Operating profit 2,719 2,579
Share of profits and losses of equity-accounted investments – 1 –
Finance costs – 203 – 217
Other financial result 545 422
Financial result 341 205
Profit before tax 3,060 2,784
Income tax – 859 – 845
Profit after tax 2,201 1,939
thereof profit attributable to shareholders 2,199 1,939
thereof profit attributable to non-controlling interests 2–
Profit transferred to Porsche Holding Stuttgart GmbH – 1,230 – 1,414
OF PORSCHEAG FOR THE PERIOD JANUARY 1 TO DECEMBER 31, 2014
CONSOLIDATED INCOME STATEMENT
OF PORSCHEAG FOR THE PERIOD JANUARY 1 TO DECEMBER 31, 2014
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
€ million FY 2014 FY 2013
Profit after tax 2,201 1,939
Revaluations from pension plans recognized in other comprehensive income
Revaluations from pension plans recognized in other comprehensive income, before tax – 652 156
Deferred taxes relating to revaluations from pension plans recognized
in other comprehensive income 194 – 48
Revaluations from pension plans recognized in other comprehensive income,
net of tax – 458 108
Items that will not be reclassified to profit or loss – 458 108
Exchange differences on translating foreign operations
Unrealized currency gains/losses 103 – 61
Transferred to profit or loss ––
Exchange differences on translating foreign operations, before tax 103 – 61
Deferred taxes relating to exchange differences on translating foreign operations ––
Exchange differences on translating foreign operations, net of tax 103 – 61
Cash flow hedges
Fair value changes recognized in other comprehensive income – 1,029 568
Transferred to profit or loss 129 91
Cash flow hedges, before tax – 900 659
Deferred taxes relating to cash flow hedges 268 – 197
Cash flow hedges, net of tax – 632 462
Available-for-sale financial assets
Fair value changes recognized in other comprehensive income 13 89
Transferred to profit or loss – 271 –
Available-for-sale financial assets, before tax – 258 89
Deferred taxes relating to available-for-sale financial assets 4– 1
Available-for-sale financial assets, net of tax – 254 88
Items that may be reclassified subsequently to profit or loss – 783 489
Other comprehensive income, before tax – 1,707 843
Deferred taxes relating to other comprehensive income 466 – 246
Other comprehensive income, net of tax – 1,241 597
Total comprehensive income 960 2,536
thereof attributable to shareholders 958 2,536
thereof attributable to non-controlling interests 2–