english - About Heraeus

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(20) Financial result
The financial result includes the following income and expenses:
in € million 2012 2011
Other interest and similar income 9.5 10.3
Interest and similar expenses – 32.7 – 36.8
Interest result – 23.2 – 26.5
Gains/losses from the disposal of securities 3.7 1.9
Unrealized gains/losses from the valuation of
derivative financial instruments and loans – 2.2 1.9
Write-downs and write-ups of financial assets and securities – 1.0 – 2.9
Losses from the disposal of shares in and loans to affiliates – 0.1 – 0.5
Other financial result 0.4 0.4
Interest share on pension provisions – 13.6 – 12.7
Financial result – 36.4 – 38.8
(21)
Income taxes
Income taxes break down as follows:
in € million 2012 2011
Current taxes, domestic 26.3 54.2
Current taxes, foreign 87.5 84.6
Current taxes 113.8 138.8
of which from prior periods 7.4 2.6
Deferred taxes – 22.6 – 3.3
Income taxes 91.2 135.5
Deferred taxes are based on the local tax rates of the respective company in Germany
and abroad, the tax rates being applicable in the individual countries according to the
current legal status.