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The expected Group tax rate is the aggregate obtained by applying the currently effective rate for each individual jurisdiction to its<br />
respective result before taxes.<br />
Due to a change in the country mix of the taxable profit the Group tax rate was reduced to 20.1%.<br />
Composition of deferred tax assets and liabilities<br />
1,000 CHF<br />
Tax loss carry forward<br />
Trade receivables<br />
Other receivables and prepaid expenses<br />
Inventories incl. allowances<br />
Tangible fixed assets<br />
Intangible assets<br />
Provisions<br />
Other liabilities<br />
Deferred taxes<br />
Liabilities<br />
31.3.2006<br />
1,924<br />
2<br />
2,160<br />
7,646<br />
7,011<br />
3,217<br />
10,089<br />
32,049<br />
Liabilities<br />
31.3.2005<br />
Deferred tax assets have been capitalized based on the projected future performance of the Group companies, supplemented with tax<br />
planning opportunities.<br />
In financial year 2004/05, CHF 42,000 have been credited to equity arising from the deferred tax impact on the currency translation<br />
difference related to the associate company Cochlear Ltd.<br />
The gross values of unused tax loss carryforwards, which have not been capitalized as deferred tax assets, with their expiry dates are as<br />
follows:<br />
1,000 CHF<br />
Within 1 year<br />
Within 2 years<br />
Within 3 years<br />
Within 4 years<br />
Within 5 years<br />
More than 5 years<br />
Total<br />
Assets<br />
18,244<br />
996<br />
1<br />
22,071<br />
136<br />
1,601<br />
12,927<br />
3,170<br />
59,146<br />
Assets<br />
13,865<br />
1,137<br />
13,874<br />
30<br />
815<br />
7,168<br />
8,034<br />
44,923<br />
2005/06<br />
84<br />
84<br />
Consolidated Financial Statements<br />
1,185<br />
101<br />
2,281<br />
8,559<br />
2,843<br />
2,394<br />
193<br />
17,556<br />
2004/05<br />
595<br />
80<br />
675<br />
63
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