Annual Report 2007 - Muehlhan AG
Annual Report 2007 - Muehlhan AG
Annual Report 2007 - Muehlhan AG
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60<br />
the development of deferred tax assets is analyzed as follows:<br />
in kEur <strong>2007</strong> 2006<br />
at 1 January 2,467 709<br />
allocation affecting net income in the Group consolidated income statement 1,764 1,757<br />
at 31 december 4,231 2,467<br />
5. INVENTORIES<br />
inventories are analyzed as follows:<br />
in kEur 31 December <strong>2007</strong> 31 December 2006<br />
raw materials, consumables and supplies 3,128 2,973<br />
prepayments 109 54<br />
Total 3,237 3,026<br />
6. TRADE RECEIVABLES<br />
trade receivables are analyzed as follows:<br />
in kEur 31 December <strong>2007</strong> 31 December 2006<br />
accounts receivable from finished goods 28,007 27,064<br />
accounts receivable from work in progress 24,819 14,308<br />
prepayments received on account of work in progress -15,060 -7,005<br />
Total 37,766 34,367<br />
accounts receivable from sales and services have a term of up to one year. in general, accounts receivable from work<br />
in progress have also a term of up to one year. as agreed with customers, we have already received or will receive<br />
prepayments on account of construction contracts to be invoiced only in 2009. Hence a maturity of up to one year can<br />
be assumed in such instances as well.<br />
Sales amounting to Eur 196,092 thousand (previous year: Eur 184,389 thousand) include contract revenues from<br />
long-term make-to-order production (additions to work in progress during fiscal year) amounting to Eur 23,494 thou-