annual report 2008 Pelikan Holding AG

Pelikan Group
15. Loans and investments
CHF (000)
Investments in
associated
companies
Loans to
third parties
Long-term
securities
Total
Opening balance Jan. 1, 2008 13,320 - 856 14,176
Share of current year net result 1,939 - - 1,939
Dividends (1,035) - - (1,035)
Translation adjustments (2,871) - (97) (2,968)
Other movements (1,417) * 62 159 (1,196)
Ending Balance Dec. 31, 2008 9,936 62 918 10,916
* The effect of CHF 1.417 million is due to a change in the consolidation method after Pelikan Austria
Gesellschaft m.b.H. has absorbed the Pelikan business split off from the former Joint-Venture of Faber-
Castell Pelikan Austria GesmbH.
Significant balance sheet information for associated companies is as follows:
CHF (000) 2008 2007
Current assets 19,112 22,508
Non-current assets 22,216 31,264
Current liabilities (9,799) (12,500)
Non-current liabilities (4,318) (5,622)
The associated companies are shown in the list of group companies on pages 38 to 39.
16. Deferred tax
CHF (000) 2008 2007
Deferred tax assets from:
- Temporary differences 4,523 2,417
- Net losses 5,444 10,408
Total deferred tax assets 9,967 12,825
Deferred tax liabilities from:
- Temporary differences 252 1,000
Total deferred tax assets, net 9,715 11,825
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