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Financial review 2009<br />
4.3 Other investments<br />
Non-current investments<br />
The composition as at December 31 was as follows:<br />
EUR’000<br />
2009 2008<br />
note<br />
Securities and bonds 6.2 1,320 370<br />
Current investments<br />
The composition as at December 31 was as follows:<br />
EUR’000<br />
1,320 370<br />
2009 2008<br />
note<br />
Derivatives used for hedging 6.2 2,541 6,344<br />
2,541 6,344<br />
The exposure to credit, currency and interest rate risks related to other investments is disclosed in notes 3 and 6.2.<br />
4.4 Deferred tax assets and liabilities<br />
Deferred tax assets and liabilities arise on the following:<br />
EUR’000<br />
Assets Liabilities Net<br />
2009 2008 2009 2008 2009 2008<br />
Property, plant and<br />
equipment<br />
1,407 416 (30,666) (32,230) (29,259) (31,814)<br />
Intangible assets 2,731 2,593 (1,149) (1,199) 1,582 1,394<br />
Inventories 437 360 (26) (66) 411 294<br />
Tra<strong>de</strong> and other<br />
receivables<br />
1,443 1,246 (336) (311) 1,107 935<br />
Loans and borrowings 4,324 3,786 (1,251) (602) 3,073 3,184<br />
Derivatives 3,861 1,706 0 0 3,861 1,706<br />
Employee benefits<br />
provision<br />
391 938 0 (168) 391 770<br />
Other provisions 271 42 (1,058) (1,487) (787) (1,445)<br />
Current liabilities 950 2,259 (3,449) (1,791) (2,499) 468<br />
Deferred tax assets<br />
/ (liabilities)<br />
15,815 13,346 (37,935) (37,854) (22,120) (24,508)<br />
Tax loss<br />
carry-forwards<br />
6,006 9,387<br />
Net Tax assets / (liabilities) (16,114) (15,121)
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