Porsche 2009 Annual Report Download - page 208

208 Financials
The Porsche SE group’s total capital, defined for capital management purposes as the sum of
equity and financial liabilities, is as follows as of the reporting date:
€ million 31/7/2010
Equity 15,197
Share of total capital 58%
Non-current financial liabilities 5,864
Current financial liabilities 4,961
Total financial liabilities 10,825
Share of total capital 42%
Total capital 26,022
Capital management in the Porsche Zwischenholding GmbH group
The main target of capital management in the Porsche Zwischenholding GmbH group, which
is largely in line with the capital management in the Porsche AG group (Porsche AG and its subsidi-
aries), is the continuous and long-term increase in the value of the company, securing its liquidity
and complying with the capital requirements imposed by third parties. This is done in order to pro-
tect the long-term interests of the shareholders and employees and other stakeholders. There are
minimum capital requirements imposed by third parties relating to certain profit and debt levels.
These were complied with in full in the fiscal year 2009/10. The Porsche Zwischenholding GmbH
group supports active debt capital management with a view to reducing the cost of capital and
optimizing the capital structure.