english - About Heraeus

62
The following deferred tax assets and liabilities are attributed to recognition and measurement
differences in the individual balance sheet items and tax loss carryforwards.
Deferred tax assets Deferred tax liabilities
in € million deC. 31, 2012 deC. 31, 2011 deC. 31, 2012 deC. 31, 2011
Other current assets 11.4 11.8 43.3 47.4
Inventories 19.5 20.3 49.0 57.9
Intangible assets 9.4 3.9 14.9 12.1
Property, plant, and equipment 2.0 1.1 66.8 66.6
Financial assets 1.9 1.8 11.6 11.5
Liabilities 45.9 41.6 9.2 8.1
Other provisions 20.2 16.9 6.6 4.5
Pension provisions 60.3 43.2 6.5 8.6
Tax loss carryforwards 1.7 3.6 – –
Subtotal 172.3 144.2 207.9 216.7
Netting – 43.7 – 42.5 – 43.7 – 42.5
Recognized deferred taxes 128.6 101.7 164.2 174.2
The tax loss carryforwards as of December 31, 2012 totaled € 41.5 million (previous year:
€ 37.5 million). Of that amount, € 2.5 million (previous year: €17.9 million) are included in
deferred tax assets. In the case of tax loss carryforwards of €13.6 million, the use of the
loss carryforwards is limited in time to the next 20 years; € 3.3 million of which is limited
to the next three years. In the case of tax loss carryforwards totaling € 27.9 million, no
expiry is legally provided for. In the case of tax loss carryforwards totaling € 39.0 million,
(previous year: €19.6 million), no future use is expected.
As a result of the earnings outlook, deferred tax claims of € 0.4 million on loss carry forwards
have been capitalized for consolidated companies, which suffered a loss during this financial
year or previous years and deferred tax claims of € 8.8 million were written off. The use
of losses previously not taken into account reduced the tax expense by € 0.7 million.