Annual Report – Porsche Ag Group 2011 1
ANNUAL REPORT – PORSCHE AG GROUP 2011 1 CONTENT PORSCHE PURE AUTO PURE SPORT PURE 02 Letter of the Chairman 18 A flying start 54 Developing emotions 84 Lab at the limit of the Executive Board 26 Business development 60 Pioneers 88 The star from next door 04 Executive Board 34 Encounters of a lifetime 64 Research and 92 Endurance in the DNA KEY PERFORMANCE INDICATORS 06 Report of the Supervisory Board 42 Sales, employees and development OF THE PORSCHE AG GROUP 10 Supervisory Board sustainability 68 More than just paint 72 Production, procurement and the environment 2011 2010 Revenue € million 10,928 9,232 Unit sales of new vehicles units 116,978 96,473 911 units 17,607 20,406 Boxster/Cayman units 11,280 12,348 2 12 48 78 Cayenne units 59,873 40,237 Panamera units 28,218 23,482 Production units 127,793 95,564 911 units 21,748 19,979 Boxster/Cayman units 12,207 12,061 Cayenne units 62,004 39,428 Panamera units 31,834 24,096 Employees* number 15,307 13,159 Personnel expenses € million 1,349 1,258 Financials Total assets € million 21,568 19,915 Equity € million 6,974 6,654 Fixed assets € million 5,944 4,958 Capital expenditures** € million 1,678 1,275 Amortization and depreciation € million 871 787 Cash flow € million 2,399 2,050 Cash flow from operating activities € million 2,522 2,588 100 106 114 Operating result*** € million 2,045 1,674 Profit before tax € million 2,108 1,736 FINANCIAL ANALYSIS FINANCIAL DATA FURTHER INFORMATION Profit after tax € million 1,460 1,207 101 Net assets 107 Consolidated income statement 114 Emission and consumption 103 Financial position 108 Consolidated statement of 104 Results of operations comprehensive income 109 Consolidated statement of financial position * As of 31 December.
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