Annual Report 2007 - Muehlhan AG
Annual Report 2007 - Muehlhan AG
Annual Report 2007 - Muehlhan AG
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14. DEFERRED TAx LIABILITIES<br />
the company’s deferred tax liabilities relate to the items shown below as follows:<br />
in kEur 31 December <strong>2007</strong> 31 December 2006<br />
Non-current assets 286 152<br />
Current assets 458 439<br />
provisions and other liabilities 348 442<br />
Total 1,093 1,033<br />
deferred tax liabilities developed as follows:<br />
in kEur <strong>2007</strong> 2006<br />
at 1 January 1,033 692<br />
allocation affecting net income in the Group consolidated income statement 60 341<br />
At 31 December 1,093 1,033<br />
15. PROVISIONS AND CONTINGENT LIABILITIES<br />
the development of tax provisions is presented as follows:<br />
in kEur At 1 January <strong>2007</strong><br />
Exchange<br />
differences Utilization Release Addition At 31 December <strong>2007</strong><br />
tax provisions 2,077 -24 1,605 67 1,080 1,461<br />
tax provisions mainly comprise taxes on income incurred in the financial year <strong>2007</strong> but not yet paid as well as tax<br />
payments expected for prior years. No deferred taxes are included. reference is made to no. 8 of these notes. the<br />
tax provisions are expected to result in an outflow of funds in the following financial year.