english - About Heraeus

Deferred taxes
Deferred taxes are recognized in accordance with IAS 12. They are determined based on
timing differences between the stated values of assets and liabilities in the IFRS balance
sheet and the tax balance sheet, on realizable loss carryforwards and on consolidation procedures.
Deferred taxes are assessed on the basis of the tax rates expected in the individual
countries at the time of recognition, which reflect the regulations valid or adopted
as of the closing date.
Deferred tax assets and deferred tax liabilities are netted against each other if levied by
the same taxation authority.
Revenue and other income
Revenue is net revenue from the sale of own products, goods, and services. Revenue is
stated less discounts, rebates, and similar reductions in earnings. Revenue is recognized
when the delivery or service has been rendered and risk or ownership has been transferred.
To an insignificant degree, revenue also includes income from services.
Interest income is recorded proportionally using the effective interest method. License
earnings are either realized immediately or limited and reported proportionally over time
in accordance with the commercial content of the underlying agreements. Dividend earnings
will be calculated at the time when the right to receive the payment is created.
This will be when the resolution on the distribution of dividends is passed.
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