Porsche 2009 Annual Report Download - page 201

201
[22] Income tax assets
31/7/2010 31/7/2009
thereof
€ million
continuing
operations
Income tax assets 214 1,937 431
thereof non-current 0 848 0
thereof current 214 1,089 431
[23] Securities
Due to the deconsolidation of the discontinued operations, no securities are held as of the
end of the fiscal year 2009/10. The securities recognized as of the prior-year reporting date ser-
ved to safeguard liquidity. The securities were quoted and mainly short-term fixed-interest-bearing
securities and shares allocated to the available-for-sale financial assets category. The securities
measured at fair value through profit or loss were carried at €32 million. The maximum default risk
is equivalent to the carrying amounts of the securities.
[24] Cash and cash equivalents
Bank balances are held at various banks in different currencies. In connection with the
stock options that have been acquired, cash and cash equivalents of €45 million (prior year:
€1,750 million) have been pledged as of the reporting date. The maximum default risk is equivalent
to the carrying amount of cash and cash equivalents.
[25] Equity
The development of equity is presented in the consolidated statement of changes in equity
of the Porsche SE group.
Subscribed capital
Porsche SE’s subscribed capital totals €175 million (prior year: €175 million) and, as in the
prior year, is divided into 87,500,000 ordinary shares and 87,500,000 non-voting preference sha-
res which have been fully paid in. Each share represents a €1 notional value of the subscribed
capital. The preference shares carry an additional dividend of 0.6 cents per share in the event of a
net profit available for distribution being recorded.